Monthly Archives: April 2013

Analyst: “The Hartford Remains Our Top Pick”

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I reported The Hartford’s earnings yesterday when they were released after the markets closed, and that story is here.

Sterne Agee analyst John Nadel says today in a note to investors:

Not only has HIG fully hedged its VA [variable annuity] equity and Fx exposure, declaring Talcott capital self-sufficient even under severe stress, but the timing helped drive a material increase in Life Co Stat capital that appears permanent. We believe this, coupled with the emergence of a true free cash flow story (in which run-off will no longer require but instead should release capital), will lead to an improving capital mgmt story. HIG remains our top pick as 1Q results affirm our positive view.

 

Lawsuit Requests Class-action Status Against Phoenix

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A federal lawsuit against The Phoenix Cos. claims that people who bought Phoenix securities between mid-2009 and late 2012 suffered losses because the company’s financial reports were based on false or misleading information — financial reports the company still has not restated.

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UnitedHealth Group CEO’s Pay Down 28 Percent Last Year To $34.7 Million

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UnitedHealth Group CEO Stephen J. Hemsley had a 28 percent decline in compensation last year compared with 2011, according to documents filed Wednesday with the U.S. Securities and Exchange Commission.

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Report: Actuaries Have The Best Job In America

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A new report says actuaries have the best job in America. My colleague Mara Lee blogs about the report here.

An interesting aspect of this report: Sociologists have a better hiring outlook than human resource managers?

And newspaper reporter is considered the worst job, (perhaps to get newspaper reporters to notice the report).