Gillian Tan, Columnist

Hartford Investors' Deal Hopes Are Dashed ... for Now

The solution for its lagging valuation lies less in an acquisition than in a potential sale.

October 23, 2017 at 4:45 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

1508778411_pic — Photographer: Evening Standard/Getty Images

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Hartford Financial Services Group Inc. just struck the biggest deal since it was founded in 1810 -- but it wasn't the one investors wanted.

The $20 billion insurer on Monday announced the purchase of Aetna Inc.'s group life and disability business for $1.45 billion, an acquisition designed to give it a larger exposure to recurring revenue and earnings.