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January 28, 2005
The Hartford Endows New Scholarship for Pursuit of Insurance Studies at St. John's University
As part of its commitment to helping public school students in its hometown of Hartford obtain a higher education, The Hartford Financial Services Group, Inc.
has created a new scholarship for the pursuit of insurance studies at the School of Risk Management, Insurance and Actuarial Science at St. John's University in New York.
Starting in the fall, 2006, The Hartford Financial Services Group Scholarship will provide $2500 a year for up to four years to an eligible student from the city of Hartford seeking an undergraduate or graduate degree at St. John's School of Risk Management, Insurance and Actuarial Science. The Hartford has endowed the new scholarship with $50,000.
The Hartford's chairman and CEO Ramani Ayer will announce the endowment of the new scholarship this evening in New York at the 10th Annual "Insurance Leader of the Year" Award Dinner, sponsored by St. John's School of Risk Management, Insurance and Actuarial Science.
"Education is the great equalizer, opening up all kinds of possibilities for our nation's young people," said Ayer. "With this new scholarship, we aim to have a direct, positive impact on our neighbors' lives and at the same time develop the future leaders of the insurance industry."
Helping Hartford public school students pursue a college education is one of the primary strategic goals of The Hartford's philanthropic efforts. Currently, 67 students are enrolled at four-year colleges and universities on scholarships sponsored by The Hartford. In 2004, the company earmarked $475,000 to help pay college tuition costs.
The Hartford is one of the nation's largest financial services and insurance companies, with 2004 revenues of $22.7 billion. As of December 31, 2004, The Hartford had total assets of $259.7 billion and stockholders' equity of $14.2 billion. The company is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property-casualty insurance. The Hartford's Internet address is http://www.thehartford.com/.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2003 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
Contact(s):
Marnie Goodman Victoria Gallant
860-547-3898 860-547-4938
marnie.goodman@thehartford.com victoria.gallant@thehartford.com
The Hartford Financial Services Group, Inc.
CONTACT: Marnie Goodman, +1-860-547-3898, marnie.goodman@thehartford.com victoria.gallant@thehartford.com
or Victoria Gallant, +1-860-547-4938,
The Hartford
Web site: http://www.thehartford.com/
Posted by Tom Troceen