{"id":1060,"date":"2012-05-04T14:06:40","date_gmt":"2012-05-04T14:06:40","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/05\/houstonbased_forethought_finan"},"modified":"2022-03-10T16:35:04","modified_gmt":"2022-03-10T22:35:04","slug":"houstonbased-forethought-finan","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/houstonbased-forethought-finan\/","title":{"rendered":"Houston, Texas-Based Forethought Financial Group to Purchase The Hartford Financial Services Group\u2019s Annuities Units"},"content":{"rendered":"

\t\t\t\tForethought Financial Group, a privately-owned Houston based firm, is bringing more annuities business to Texas with its purchase of The Hartford Financial Services Group Inc. (HIG)’s annuities units. The deal was announced on April 26. It was just in March that The Hartford made it known that it was planning to get out of the annuities business to focus on mutual funds, group benefits, and property and casualty insurance. It will will, however, keep managing is current annuity policies. <\/p>\n

The Hartford had reported huge earning losses in its annuities business. Earnings dipped from $96 million during to 2010’s final quarter to $86 million during 2011’s last quarter and its overall net income had also plunged downward to $127 million from $619 million the year before. Low interest rates also hurt the financial firm. <\/p>\n

The terms of the sale to Forethought were not revealed. However, the Texas firm is buying The Hartford’s distribution, management, and marketing units. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Forethought Financial Group, a privately-owned Houston based firm, is bringing more annuities business to Texas with its purchase of The Hartford Financial Services Group Inc. (HIG)’s annuities units. The deal was announced on April 26. It was just in March that The Hartford made it known that it was planning to get out of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3919,3750],"tags":[],"class_list":["post-1060","post","type-post","status-publish","format-standard","hentry","category-annuities","category-texas-securities-fraud"],"yoast_head":"\nHouston, Texas-Based Forethought Financial Group to Purchase The Hartford Financial Services Group\u2019s Annuities Units — Investor Lawyers Blog — May 4, 2012<\/title>\n<meta name=\"description\" content=\"Forethought Financial Group, a privately-owned Houston based firm, is bringing more annuities business to Texas with its purchase of The Hartford — May 4, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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