Hartford names A. Morris Tooker CEO for March 2027
Tooker will join HIG’s board on October 1, 2026, and serve on its Finance, Investment and Risk Management Committee.
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Form Type
8-K
Rhea-AI Filing Summary
The Hartford Insurance Group, Inc. named President A. Morris Tooker to succeed Christopher J. Swift as CEO, effective March 1, 2027. Tooker was elected to the board effective October 1, 2026, and Swift will become Executive Chair on March 1, 2027. Swift intends to step down from that role in the second half of 2027.
Effective March 1, 2027, Tooker’s target total annual compensation opportunity is $12 million, comprising a $1.1 million base salary, a $2.75 million annual incentive plan award target and an $8.15 million long-term incentive award target. Under his transition agreement, Swift will receive a $1.2 million annual base salary until his employment terminates, a 2027 annual incentive plan target of $2.4 million with a prorated payout based on company performance, and a 2027 long-term incentive award with a $7.4 million target value. Neither executive will receive additional compensation for board service.
Filing Explained
The filing adds that when Swift’s employment ends, his outstanding stock options and performance share awards receive “retirement treatment” under their award agreements and the long-term incentive plan; the full transition agreement is to be filed with the company’s third-quarter 2026 Form 10-Q.
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, or exhibit attachments filed with this report.
Key Figures
Tooker target total annual compensation opportunity: $12 million
Tooker base salary: $1.1 million
Tooker annual incentive plan award target: $2.75 million
+4 more
7 metrics
Tooker target total annual compensation opportunity
$12 million
Effective March 1, 2027
Tooker base salary
$1.1 million
Effective March 1, 2027
Tooker annual incentive plan award target
$2.75 million
Effective March 1, 2027
Tooker long-term incentive award target
$8.15 million
Effective March 1, 2027
Swift annual base salary
$1.2 million
Effective March 1, 2027, until his employment terminates under the agreement
Swift 2027 annual incentive plan target
$2.4 million
Prorated payout based on company performance
Swift 2027 long-term incentive award target value
$7.4 million
2027 award
Key Terms
annual incentive plan, long-term incentive, retirement treatment
3 terms
annual incentive plan financial
"an annual incentive plan (“AIP”) award target of $2.75 million"
long-term incentive financial
"a long-term incentive (“LTI”) award target of $8.15 million"
Long-term incentive is a form of pay awarded to executives and key employees that vests over several years and is tied to company performance, often paid in stock or stock-linked awards. It matters to investors because it shapes management’s motivation and risk-taking, can dilute existing shares, and affects future cash flow and company governance—think of it as a multi-year performance bonus that aligns leaders’ rewards with shareholder returns.
retirement treatment financial
"will receive retirement treatment in accordance with the terms"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who will become HIG’s next CEO, and when?
A. Morris Tooker, currently the company’s president, is appointed CEO effective March 1, 2027. The board elected him as a director effective October 1, 2026, and he will serve on the Finance, Investment and Risk Management Committee.
What is HIG’s target compensation for its incoming CEO?
Tooker’s target total annual compensation opportunity is $12 million, effective March 1, 2027. It includes a $1.1 million base salary, a $2.75 million annual incentive plan award target and an $8.15 million long-term incentive award target.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): September 30, 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.
On September 30, 2026, The Hartford Insurance Group, Inc. (the "Company") announced Christopher J. Swift’s decision on September 30, 2026 to resign as Chief Executive Officer (“CEO”) of the Company, effective March 1, 2027. Mr. Swift will assume the role of Executive Chair, continuing to serve as chair of the Company’s Board of Directors (the “Board”) and providing other services to the Company, as described below. He intends to step down from his role as Executive Chair in the second half of 2027. In addition, the Company announced that A. Morris Tooker has been appointed CEO of the Company, effective March 1, 2027.
On September 30, 2026, the Board also elected Mr. Tooker as a director of the Company, effective October 1, 2026. Mr. Tooker will serve as a member of the Board’s Finance, Investment and Risk Management Committee ("FIRMCo"). He will not receive compensation for service on the Board or FIRMCo.
Mr. Tooker, 57, has served as the Company's President since February 1, 2025, overseeing the Company’s Business Insurance, Personal Insurance, Employee Benefits, claims, risk services, and sales and distribution organizations. He previously served as Executive Vice President and Head of Commercial Lines from March 2024 to January 2025; Executive Vice President and Head of Middle & Large Commercial, Global Specialty and Sales and Distribution from November 2022 to February 2024; and Executive Vice President and Head of Middle & Large Commercial from March 2019 to October 2022. He joined the Company in 2015 as chief underwriting officer. Prior to joining the Company, Mr. Tooker served as president of General Reinsurance Corporation, where he was responsible for the company's global P&C 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 Board approved a target total annual compensation opportunity, effective as of March 1, 2027, for Mr. Tooker of $12 million, based on market data for CEOs at peer companies. This includes a base salary of $1.1 million, an annual incentive plan (“AIP”) award target of $2.75 million and a long-term incentive (“LTI”) award target of $8.15 million.
The Company entered into a Transition Agreement (the “Agreement”) with Mr. Swift pursuant to which, effective March 1, 2027, he will cease serving as CEO and will remain employed by the Company, assuming the role of Executive Chair. In this position, he will continue to serve as chair of the Board while providing advisory services to management and the Board. Until March 1, 2027, Mr. Swift will continue to serve as CEO and receive his existing compensation, including an AIP award for 2026 and a portion of the 2027 performance year, determined by the independent directors of the Board based on his performance as CEO. Effective March 1, 2027, Mr. Swift will receive an annual base salary of $1.2 million as well as his existing benefits and perquisites until his employment terminates under the terms of the Agreement. Starting March 1, 2027, Mr. Swift will be eligible for a 2027 AIP award based on a target opportunity of $2.4 million, with the prorated payout determined based on Company performance. Mr. Swift will also receive a 2027 LTI award with a target value of $7.4 million. Upon termination of his employment, Mr. Swift's outstanding stock options and performance share awards will receive retirement treatment in accordance with the terms of the applicable award agreements and the Company’s LTI plan. Mr. Swift will not receive any additional compensation for his service as Executive Chair or as a member of the Board.
The foregoing summary of the terms of Mr. Swift’s employment arrangement does not purport to be complete and is qualified in its entirety by reference to the full text of Mr. Swift’s Transition Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Item 7.01 Regulation FD Disclosure
On September 30, 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
| Exhibit No. | |||||
| 99.1 | Press Release of The Hartford Insurance Group, Inc. dated September 30, 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. | ||||||||||||||
| September 30, 2026 | By: | /s/ Donald C. Hunt | ||||||||||||
| Name: Donald C. Hunt | ||||||||||||||
| Title: Executive Vice President and General Counsel | ||||||||||||||
NEWS RELEASE
The Hartford Announces CEO Succession
•Company President A. Morris “Mo” Tooker named CEO, effective March 1, 2027
•Christopher Swift to become executive chair, following transformational tenure as CEO
HARTFORD, Conn., Sept. 30, 2026 – The Hartford’s Board of Directors has named company President A. Morris “Mo” Tooker to succeed Christopher Swift as its next CEO. Swift will transition to the role of executive chair of the board. Both appointments are effective March 1, 2027. In addition, Tooker will join the board, effective Oct. 1, 2026.
“This thoughtful succession plan ensures a seamless transition, preserving strategic continuity, business momentum and operational strength,” said Trevor Fetter, lead independent director of The Hartford’s Board of Directors. “Respected throughout the insurance industry, Mo combines strategic vision with disciplined execution. He has consistently delivered profitable growth, advanced customer-centered innovation, upheld underwriting rigor and built strong, aligned teams. He is ideally suited to lead as CEO and guide The Hartford’s next chapter.”
Tooker joined The Hartford in 2015 as chief underwriting officer and has served in successive leadership roles of increasing responsibility throughout the past 11 years. In his current role as president, he has led business performance, strategy and enterprise-wide execution. During his tenure at The Hartford, he has advanced underwriting capabilities, expanded risk appetite and grown risk-mitigation services across the enterprise to help customers prevent loss and build resilience. In addition, he fostered greater collaboration across business units by implementing a holistic go-to-market approach, drawing on the company’s collective strengths, insights and expertise to deliver more value for customers and distribution partners.
“I am excited and inspired to lead The Hartford during this time of extraordinary opportunity,” Tooker said. “As a result of Chris’ tremendous vision and leadership, we are exceptionally well-positioned for the future with financial strength, a disciplined strategy and an unwavering commitment to excellence. With our competitive advantages, talented teams and focus on innovation, we are poised to excel and create lasting value for all our stakeholders.”
Swift will transition to executive chair after nearly 13 years as CEO, including more than 12 years as chairman. During his tenure as CEO and CFO, he led the company’s transformation into a more focused and disciplined insurer, strengthening its financial profile, more than tripling net income ROE and driving a more than eightfold increase in share price. Under his leadership, The Hartford broadened its capabilities by investing in transformative technology, and expanding product offerings and geographic footprint.
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“On behalf of the board, I would like to express our deep gratitude for Chris’ leadership. He has made a profound impact on The Hartford, the insurance industry and communities across the country,” Fetter said. “His enduring legacy includes market-leading financial results, a high-performance culture and a leadership style grounded in empathy and putting people first.”
As executive chair, Swift will lead the Board of Directors, help guide and oversee corporate strategy and serve as an advisor to the CEO. His role will support a seamless transition and facilitate continuity. Swift also will continue various community engagements, including leading the City of Hartford’s Vision Committee. He intends to step down from his role as executive chair in the second half of 2027.
“It has been an honor to serve as CEO of this iconic company,” Swift said. “I am incredibly proud of what we have accomplished together, elevating The Hartford to new levels of success and sustaining strong performance. Mo is an outstanding leader, remarkable person and a trusted industry authority. The strength of our succession planning and depth of talent across the organization gives me the utmost confidence in The Hartford’s bright future.”
About The Hartford
The Hartford is a leader in property and casualty insurance and employee benefits. By anticipating challenges and reducing risks our customers face, the company helps people and businesses thrive with confidence. Built on a foundation of trust, The Hartford is committed to strong performance, exceptional customer experiences and bold innovation, hallmarks of its sustained success since 1810.
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. More information on the company and its financial performance is available on its website. 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 | |||||||
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