The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hartford Scores High in the First Quarter Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 30, 2007

Hartford Scores High in the First Quarter

News summary by MFWire's editors

The Hartford Group has learned the results of its first quarter efforts. Below is the info pertaining to mutual funds --

With very strong mutual fund sales, retail products deposits increased 21 percent over the prior year to $7.3 billion in the first quarter of 2007. Total retail assets under management grew 11 percent since March 31, 2006, to a record $168 billion. Net income for the first quarter of 2007 was $189 million compared with net income of $176 million in the first quarter of 2006.

Variable annuity deposits for the first quarter of 2007 increased 5 percent over the prior year to $3.3 billion, as the company's suite of product offerings continued to gain traction with customers. During the quarter, The Hartford Lifetime Income Builder IISM, a variable annuity feature that provides guaranteed income for life, was selected on 42 percent of sales from new contracts. First quarter 2007 net outflows improved to $583 million. Variable annuity assets under management ended the quarter at $115 billion, 6 percent higher than March 31, 2006.

Retail mutual fund deposits rose 35 percent over the prior year to a record $3.6 billion in the first quarter of 2007, with net sales of $1.9 billion. Retail mutual fund assets under management were $40.9 billion as of March 31, 2007, up 28 percent from March 31, 2006. The substantial increase in net sales and assets under management was the result of focused efforts by the company's 100 wholesalers and good mutual fund investment performance.

For those who want to read the whole report, click here 

Edited by: Erin Kello

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use