The Hartford (NYSE: HIG) adds industry veteran Randy Larsen to its board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Hartford Insurance Group, Inc. appointed Randy Larsen to its Board of Directors, effective September 1, 2026. He will serve on the Board’s Finance, Investment and Risk Management Committee and Nominating and Corporate Governance Committee. The Board determined he is independent under New York Stock Exchange standards and the company’s Corporate Governance Guidelines and that he is not involved in any related party transactions under Item 404(a) of Regulation S-K.
For the remainder of the 2026-2027 Board service year, Larsen will receive a pro rata cash retainer of $82,700 from an annual cash retainer of $115,000 and restricted stock units valued at $136,600 from an annual equity retainer of $190,000, with the grant to occur on the second trading day after the company files its Form 10-Q for the quarter ending September 30, 2026, based on the closing stock price on the grant date. He will also receive $100,000 of group life insurance coverage, $750,000 of accidental death, dismemberment and permanent total disability coverage, and reimbursement of Board-related travel expenses. The company issued a press release announcing his appointment.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Pro rata cash retainer: $82,700
Annual cash retainer: $115,000
Pro rata equity retainer: $136,600
+3 more
6 metrics
Pro rata cash retainer
$82,700
Cash portion of 2026-2027 Board service year compensation for Randy Larsen
Annual cash retainer
$115,000
Standard annual cash retainer for non-management directors
Pro rata equity retainer
$136,600
Value of restricted stock units for Larsen for 2026-2027 Board service year
Annual equity retainer
$190,000
Standard equity compensation annual retainer for non-management directors
Group life insurance coverage
$100,000
Group life insurance coverage provided to non-management directors including Larsen
AD&D and disability coverage
$750,000
Accidental death, dismemberment and permanent total disability coverage for non-management directors
Key Terms
restricted stock units, related party transaction, Regulation FD, Corporate Governance Guidelines, +1 more
5 terms
restricted stock units financial
"a pro rata portion of the Company’s equity compensation annual retainer of $190,000 in the form of restricted stock units valued at $136,600"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Regulation FD regulatory
"Item 7.01 Regulation FD Disclosure. On July 15, 2026, the Company issued a press release"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
Corporate Governance Guidelines regulatory
"he meets the applicable independence requirements of the New York Stock Exchange and the Company's Corporate Governance Guidelines"
A company’s corporate governance guidelines are a set of written rules and practices that explain how its board and executives make decisions, oversee risks, and hold themselves accountable—think of them as the organization’s playbook for fair and responsible leadership. Investors care because these guidelines shape how transparent decision-making is, reduce the chance of surprises or conflicts, and influence long‑term stability and trust, much like house rules keep a household running smoothly.
non-management directors financial
"annual cash retainer for non-management directors of $115,000 in the amount of $82,700"
FAQ
What board change did The Hartford (HIG) disclose?
The Hartford appointed Randy Larsen to its Board of Directors, effective September 1, 2026. He will serve on the Finance, Investment and Risk Management Committee and the Nominating and Corporate Governance Committee as a new independent director.
When does Randy Larsen’s board service at The Hartford (HIG) begin?
Randy Larsen’s service on The Hartford’s board begins on September 1, 2026. His committee assignments to the Finance, Investment and Risk Management Committee and the Nominating and Corporate Governance Committee also become effective on that date.
How is Randy Larsen compensated for his 2026-2027 board service at The Hartford (HIG)?
For the 2026-2027 Board service year, Larsen will receive a pro rata cash retainer of $82,700 and restricted stock units valued at $136,600, plus $100,000 in group life insurance, $750,000 in AD&D and disability coverage, and travel reimbursement.
On which committees will Randy Larsen serve at The Hartford (HIG)?
Randy Larsen will serve on The Hartford’s Finance, Investment and Risk Management Committee and its Nominating and Corporate Governance Committee. These committee roles take effect when he joins the board on September 1, 2026.
Is Randy Larsen considered an independent director of The Hartford (HIG)?
Yes. The Board determined that Larsen meets New York Stock Exchange independence standards and the company’s Corporate Governance Guidelines, and that he has no related party transactions requiring disclosure under Item 404(a) of Regulation S-K.
When will Randy Larsen’s restricted stock units be granted at The Hartford (HIG)?
Larsen’s restricted stock units, valued at $136,600, will be granted on the second trading day after The Hartford files its Form 10-Q for the quarter ending September 30, 2026, using the company’s closing stock price on the grant date.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 15, 2026
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
The Hartford Insurance Group, Inc.
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (860) 547-5000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On July 15, 2026, the board of directors (the "Board") of The Hartford Insurance Group, Inc. (the "Company") elected Randy Larsen as director of the Board effective on September 1, 2026. Mr. Larsen was appointed to serve on the Board’s Finance, Investment and Risk Management Committee and Nominating and Corporate Governance Committee effective September 1, 2026.
The Board has determined that Mr. Larsen does not have a direct or indirect interest in any transaction with the Company that would qualify as a related party transaction under Item 404(a) of Regulation S-K, and that he meets the applicable independence requirements of the New York Stock Exchange and the Company's Corporate Governance Guidelines.
As compensation for the remainder of the 2026-2027 Board service year, Mr. Larsen will receive a pro rata portion of the Company’s annual cash retainer for non-management directors of $115,000 in the amount of $82,700 and a pro rata portion of the Company’s equity compensation annual retainer of $190,000 in the form of restricted stock units valued at $136,600. The restricted stock units will be granted on the second trading day following the filing of the Company’s Form 10-Q for the quarter ending September 30, 2026, based on the Company’s closing stock price on the grant date.
In addition, Mr. Larsen will participate in other non-management director compensation arrangements described in the Company’s 2026 proxy statement, including receiving $100,000 of group life insurance coverage and $750,000 of accidental death and dismemberment and permanent total disability coverage, as well as reimbursement for all travel and related expenses incurred in connection with his Board service.
Item 7.01 Regulation FD Disclosure.
On July 15, 2026, the Company issued a press release regarding the events described in Item 5.02 above.
The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
| Ex No. | |||||
| 99.1 | Press Release of The Hartford Insurance Group, Inc. dated July 15, 2026 | ||||
| 101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | ||||
| 104 | The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| The Hartford Insurance Group, Inc. | ||||||||||||||
| July 15, 2026 | By: | /s/ Terence Shields | ||||||||||||
| Name: Terence Shields | ||||||||||||||
| Title: Senior Vice President & Corporate Secretary | ||||||||||||||
NEWS RELEASE
The Hartford Appoints Randy Larsen To Its Board Of Directors
HARTFORD, Conn., July 15, 2026 – The Hartford announced the appointment of Randy Larsen to the company’s Board of Directors, effective Sept. 1. He will serve on the board’s Finance, Investment and Risk Management Committee, as well as the Nominating and Corporate Governance Committee.
“Randy is a highly respected insurance-industry leader with deep expertise in transforming and scaling complex organizations and driving profitable growth,” said The Hartford’s Chairman and CEO Christopher Swift. “His extensive experience leading a major insurance brokerage, strong financial acumen and broad understanding of the insurance marketplace will bring valuable perspectives to our board. We look forward to benefiting from Randy’s insights as we continue to execute our strategy, enhance our competitive position and deliver long-term value for our shareholders.”
Larsen spent 13 years with AssuredPartners, a large insurance brokerage firm that provided commercial property and casualty, employee benefits, specialty insurance, and personal lines coverage to middle-market businesses and individuals. Most recently, Larsen served as CEO from 2023 through the acquisition of AssuredPartners by Gallagher in 2025. During his tenure with AssuredPartners, he helped grow the business significantly, overseeing both organic growth initiatives and acquisitions, while leading operational transformation efforts across the organization. Prior to becoming CEO, he held several senior leadership positions, including president of Retail, president of Western Regions and president of Central States.
Before joining AssuredPartners, Larsen advanced to become partner during a 14-year tenure with the insurance brokerage firm Schifman Remley & Associates, which was acquired by AssuredPartners in 2012. Earlier in his career, he held positions of increasing responsibility, leading to the role of president at Mark Twain Bancshares and Mercantile Bancshares.
He earned a bachelor’s degree in finance from Nebraska Wesleyan University.
About The Hartford
The Hartford is a leader in property and casualty insurance and employee benefits. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.
© 2026 The Hartford. Classification: Highly Restricted for use by authorized individuals only. No part of this document may be reproduced, published, or used without the permission of The Hartford. | ||
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.
HIG-C
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 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, 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.
From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
Media Contact: Investor Contact:
Matthew Sturdevant Kate Jorens
860-547-8664 860-547-4066
matthew.sturdevant@thehartford.com kate.jorens@thehartford.com
© 2026 The Hartford. Classification: Highly Restricted for use by authorized individuals only. No part of this document may be reproduced, published, or used without the permission of The Hartford. | ||