Reuters logo
Insurer Hartford to transfer pension liabilities to Prudential
June 26, 2017 / 11:36 AM / 6 months ago

Insurer Hartford to transfer pension liabilities to Prudential

June 26 (Reuters) - Insurer Hartford Financial Services Group Inc said on Monday it would transfer $1.6 billion, or 29 percent, of its pension liabilities to Prudential Financial Inc.

The company will transfer pension benefits of about 16,000 former employees.

Hartford said it expects to recognize an after-tax pension settlement charge of about $485 million in the second quarter. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below