The Hartford To Acquire Equitable’s Employee Benefits Business
Acquisition will accelerate The Hartford’s growth in its Priority Business segment focused on small and midsize employers Transaction includes Equitable’s Employee Benefits technology and approximately $500 million in premium The Hartford has entered into a definitive agreement to acquire Equitable’s 1 Employee Benefits business, which focuses on providing small and midsize employers with flexible, non-medical benefits. The acquisition, which accelerates The Hartford’s Employee Benefits growth strategy, represents approximately $500 million in premium, and is expected to close in the fourth quarter, subject to regulatory approvals and other customary closing conditions. Catch more HRTech Insights: HRTech Interview with Emma Lavelle, Chief Operating Officer, UneeQ “This acquisition reinforces The Hartford’s leadership in employee benefits and small business,” said The Hartford’s Chairman and CEO Christopher Swift. “Small and midsize employers represent a strategic grow...