Company: HIG-PG
Filing Date: 2025-01-10
Form Type: 8-K
Source: 0000874766-25-000004
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Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-01-10
Form: 8-K
Item: Item 5.02
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Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On January 9, 2025, The Hartford Financial Services Group, Inc. (the "Company") announced that A. Morris Tooker has been appointed President of the Company, effective February 1, 2025.

Mr. Tooker, 55, has served as head of the Company’s Commercial Lines, which includes Small Commercial, Middle & Large Commercial and Global Specialty business units, since March 1, 2024. He also oversees the Company’s sales & distribution organization, as well as its innovation and risk services team. Previously, Mr. Tooker served as the Company’s Executive Vice President responsible for Middle & Large Commercial, Global Specialty and sales and distribution from November 2022 to March 1, 2024; Head of Middle & Large Commercial from March 2019 to October 2022; and Head of Middle Market from March 2017 to February 2019. He joined the Company in 2015 as chief underwriting officer. Prior to joining the Company, Mr. Tooker served as president of General Reinsurance Corporation and was responsible for the company’s global property and casualty reinsurance business.

There are no arrangements or understandings between Mr. Tooker and any other person pursuant to which he was selected as an officer. Mr. Tooker has no direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The Compensation and Management Development Committee (the "Compensation Committee") approved a target total annual compensation opportunity for Mr. Tooker at $6 million, based on market data for executives in similar roles at peer companies. This includes a base salary of $850,000, an annual incentive award target of $1.65 million and a long-term incentive award target of $3.5 million.

Item 7.01 Regulation FD Disclosure.