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PROFESSIONAL SERVICES BOOK OF LISTS 2020 | 75 LARGEST INSURANCE COMPANIES IN GREATER HARTFORD (Ranked by number of local employees as of September 2019) Source: Each insurer via survey and SEC filings. Notes: DND= Did not disclose. Lincoln Financial Group, Chubb Group, and IFG did not respond to the survey. (a) Approximate. (b) An additional 758 contractors.(c) An additional 50,219 contractors. (d) Aquired by Woonsocket, R.I.-based CVS for $69 billion, effective Nov. 28, 2018; Aetna will remain headquartered in Hartford. Company did not respond to survey. (e) Data from 2018. (f) Data from 2017. (g) Karen Lynch succeeded Mark Bertolini as Aetna's top executive following the CVS deal. (h) Number for worldwide employees. (i) On June 1, 2018, Voya completed a transaction to sell substantially all of its variable, fixed and fixed indexed annuities business. (j) From 3Q 2019 earnings release, approx. expected operating revenues for FY 2019. (k) Data from March 2019. (l) Company did not respond to survey. (m) From 2018 annual report. (n) Formerly XL Catlin, which was acquired by London-based AXA in September 2018. (o) Figure for Vantis Life only. (p) Previously called Guilford Specialty Group Inc. (q) Announced plans to merge with Boston, Mass.-based Tufts Health Plan in August, pending regulatory approvals. —Compiled by Roger Magnus Research. Largest insurance companies in Greater Hartford (Ranked by number of local employees as of September 2019) Rank Insurer Local employees/ U.S. employees Revenue FY 2018 Services and products offered Top local executive/ Year founded 1 The Travelers Cos. Inc. 1 Tower Square Hartford, CT 06183 860-277-0111; www.travelers.com 7,400 (a) 28,000 (a) $30B (a) Property and casualty insurer Alan D. Schnitzer Chairman & CEO 1864 2 The Hartford One Hartford Plaza Hartford, CT 06155 860-547-5000; www.thehartford.com 6,600 19,000 $19B Property and casualty insurance, group benefits and mutual funds Christopher J. Swift Chairman & CEO 1810 3 UnitedHealth Group (UnitedHealthcare) 185 Asylum St. Hartford, CT 06103 860-702-5000; www.uhc.com 5,791 (b) 167,404 (c) $226.2B Medicare, commercial and individual health plans Stephen Farrell CEO, UnitedHealthcare of New England 1974 4 Aetna Inc., a CVS Health business (d) 151 Farmington Ave. Hartford, CT 06156 860-273-0123; www.aetna.com 5,275 (e) 48,290 (e) $66.7B (f) Traditional, voluntary and consumer-directed health insurance products and related services Karen Lynch (g) President, Aetna Business Unit & EVP, CVS Health 1853 5 Cigna Corp. 900 Cottage Grove Road Bloomfield, CT 06002 860-226-6000; www.cigna.com 4,700 74,000 (h) $48B Medical, dental, behavioral health, pharmacy, vision, supplemental benefits, plus group life, accident and disability insurance David M. Cordani President & CEO 1792 6 Massachusetts Mutual Life Insurance Co. (MassMutual) 100 Bright Meadow Blvd. Enfield, MA 06082 860-562-1000; massmutual.com 1,700 7,600 $32.5B Financial products and services, life insurance, disability income insurance, long-term care insurance, annuities, retirement plans, employee benefits Roger W. Crandall Chairman, President & CEO 1851 7 Voya Financial One Orange Way Windsor, CT 06095 855-663-8692; www.voya.com 1,667 5,741 $8.5B Retirement, investment management and employee benefits (i) Rodney O. Martin Jr. Chairman of the Board & CEO IPO conducted in 2013 8 Prudential Retirement 280 Trumbull St. Hartford, CT 06103 860-534-2000; www.prudential.com 1,480 20,907 $16.8B Record keeping, administrative services, investment management, trustee services, employee investment education and communications Yanela Frias President Phil Waldeck President & CEO, Prudential Retirement 1875 9 Anthem Blue Cross and Blue Shield 108 Leigus Road Wallingford, CT 06492 800-922-4670; www.anthem.com 1,261 59,000 $103.0B (j) Medical, dental, vision, life, disability and pharmacy Jill Rubin Hummel President 1936 10 ConnectiCare Inc. 175 Scott Swamp Road Farmington, CT 06032 860-674-5757; www.connecticare.com 664 (k) 664 (k) $1.8B Medical and dental insurance products for businesses, municipalities, individuals and those Medicare eligible Eric Galvin President & COO 1981 11 MetLife Inc. 1300 Hall Blvd. Bloomfield, CT 06002 860-656-3000; www.metlife.com 637 18,166 $68.0B Life insurance, annuities, auto and home insurance, retail banking, financial services to individuals and groups Michel Khalaf President & CEO 1868 12 The Hartford Steam Boiler Inspection and Insurance Co. 1 State St. Hartford, CT 06102 800-472-1866; www.hsb.com 500 1,600 $1.3B Insurance, inspections, engineering-based risk management and IoT technology services Greg Barats President & CEO 1866 13 Liberty Mutual Insurance (l) 95 Glastonbury Blvd., Suite 204 Glastonbury, CT 06033 860-659-4111; www.libertymutual.com 474 (e) 40,029 (e) $41.6B (m) Automobile, homeowners, accident, health, general liability, property, surety, workers compensation, group disability, group life, specialty, reinsurance, life and annuity products David H. Long CEO 1912 14 AXA XL, a division of AXA (n) 100 Constitution Plaza Hartford, CT 06104 860-246-1863; www.axaxl.com 386 2,332 DND Property, casualty, professional, specialty (environmental, equine, space and aviation, marine, cyber), surety, excess and surplus and reinsurance Brent Hoffman Global head of claims 1986 15 Nassau Financial Group (Nassau) 1 American Row Hartford, CT 06102 860-403-5000; www.nsre.com 300 660 $1.2B Insurance, reinsurance, distribution and asset management Phillip J. Gass CEO 1851 16 Allied World Assurance Company Holdings Ltd., a Fairfax company 1690 New Britain Ave., Suite 101 Farmington, CT 06032 860-284-1300; www.awac.com 266 789 $3.4B Professional liability, management liability, health care, directors and officers, property and casualty Kim Delaney Sr. VP & branch manager 2001 17 Travel Insured International, a Crum & Forster Co. 855 Winding Brook Drive Glastonbury, CT 06033 800-243-3174; www.travelinsured.com 147 162 DND Travel insurance Jonathan Gehris President & CEO 1994 18 Amica Mutual Insurance Co. 43 Western Boulevard, Suite 200 Glastonbury, CT 06033-4338 800-382-6422; www.amica.com 115 4,000 DND Auto, home, marine and personal umbrella insurance Derek J. Benoit Branch Manager 1907 19 Vantis Life Insurance Co. 200 Day Hill Road Windsor, CT 06095 860-298-6000; www.vantislife.com 70 73 $54.7M (o) Life insurance and annuities Scott Smith President & COO 1942 20 IFG Companies (p) 185 Asylum St., 7th Floor Hartford, CT 06103 860-723-4150; www.ifgcompanies.com 60 DND DND Property-casualty insurance on both an excess and surplus lines (non-admitted) basis and an admitted basis through our wholesale partners Christopher Lewis President & CEO 1985 21 Harvard Pilgrim Health Care (q) 185 Asylum St. Hartford, CT 06103 860-757-6900; www.harvardpilgrim.org 26 1,800 $3.2B Health insurance Jason Madrak Vice president, CT market 1969 Source: Each insurer via survey and SEC filings. Notes: DND= Did not disclose. Lincoln Financial Group, Chubb Group, and IFG did not respond to the survey. (a) Approximate. (b) An additional 758 contractors. (c) An additional 50,219 contractors. (d) Aquired by Woonsocket, R.I.-based CVS for $69 billion, effective Nov. 28, 2018; Aetna will remain headquartered in Hartford. Company did not respond to survey. (e) Data from 2018. (f) Data from 2017. (g) Karen Lynch succeeded Mark Bertolini as Aetna's top executive following the CVS deal. (h) Number for worldwide employees (i) On June 1, 2018, Voya completed a transaction to sell substantially all of its variable, fixed and fixed indexed annuities business. (j) From 3Q 2019 earnings release, approx. expected operating revenues for FY 2019. (k) Data from Mar. 2019. (l) Company did not respond to survey. (m) From 2018 annual report. Citing continued economic progress, Hartford's largest insurers — Aetna, The Hartford and Travelers Cos. — for the second consecutive year donated a collective $10 million to the city of Hartford in 2019, to help it weather tough fiscal challenges.