The Hartford (HIG) elects former Fannie Mae CEO Priscilla Almodovar to board
Rhea-AI Filing Summary
The Hartford Insurance Group, Inc. reports that its board of directors elected Priscilla Almodovar, former president and CEO of Fannie Mae, as a director effective September 1, 2026. She will serve on the Finance, Investment and Risk Management Committee and the Audit Committee. The board determined she is independent under New York Stock Exchange standards and the company’s governance guidelines and has no related party transactions under Item 404(a) of Regulation S-K.
For the remainder of the 2026–2027 board year, Almodovar will receive a pro rata cash retainer of $82,700 from an annual non‑management director retainer of $115,000 and pro rata equity compensation of $136,600 in restricted stock units from an annual equity retainer of $190,000. The restricted stock units will be granted after the filing of the Form 10‑Q for the quarter ending September 30, 2026, based on the company’s closing stock price on the grant date. She will also receive $100,000 of group life insurance and $750,000 of accidental death, dismemberment and disability coverage, plus reimbursement of travel expenses.
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Filing Explained
A new director is scheduled to join The Hartford’s Audit and risk committees on September 1, 2026, with disclosed independence under applicable standards.
The Hartford uses this Form 8-K to report that its board elected Priscilla Almodovar as a director, with the election effective on
The board also determined that Almodovar meets the applicable New York Stock Exchange and company independence requirements and has no disclosed transaction interest that would qualify as a related-party transaction under Item 404(a).
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
Annual cash retainer for non-management directors: $115,000
Pro rata cash retainer to Almodovar: $82,700
Annual equity retainer: $190,000
+5 more
8 metrics
Annual cash retainer for non-management directors
$115,000
Standard annual cash retainer for non‑management directors
Pro rata cash retainer to Almodovar
$82,700
Cash compensation for remainder of 2026–2027 board service year
Annual equity retainer
$190,000
Standard annual equity compensation retainer for non‑management directors
Pro rata equity grant to Almodovar
$136,600
Restricted stock units for remainder of 2026–2027 board service year
Group life insurance coverage
$100,000
Director life insurance benefit for Almodovar
AD&D and disability coverage
$750,000
Accidental death, dismemberment and permanent total disability coverage
Mortgages supported at Fannie Mae
$4.1 trillion
Scale of mortgage portfolio overseen by Almodovar as Fannie Mae CEO
Employees overseen at Fannie Mae
more than 10,000
Number of employees under Almodovar’s leadership at Fannie Mae
Key Terms
related party transaction, restricted stock units, Regulation FD Disclosure, forward-looking statements, +2 more
6 terms
restricted stock units financial
"equity compensation annual retainer of $190,000 in the form of restricted stock units valued"
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 Disclosure regulatory
"Item 7.01 Regulation FD Disclosure. On August 11, 2026, the Company issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
forward-looking statements regulatory
"Some of the statements in this release may be considered forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
return-on-equity target financial
"establishing its first post-financial-crisis return-on-equity target and embedding"
Inline XBRL technical
"the cover page from this on , formatted as Inline XBRL"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did The Hartford (HIG) announce on August 11, 2026?
The Hartford elected Priscilla Almodovar to its Board of Directors, effective September 1, 2026, and appointed her to the Finance, Investment and Risk Management Committee and the Audit Committee.
How will new director Priscilla Almodovar of HIG be compensated for 2026-2027?
For the remaining 2026–2027 board year, Almodovar will receive a pro rata cash retainer of $82,700 and equity compensation of $136,600 in restricted stock units, based on the company’s standard non‑management director retainers.
Is Priscilla Almodovar considered an independent director at The Hartford (HIG)?
The board determined that Almodovar has no related party transactions under Item 404(a) of Regulation S‑K and that she meets the independence requirements of the New York Stock Exchange and The Hartford’s Corporate Governance Guidelines.
What prior leadership experience does new HIG director Priscilla Almodovar have?
Almodovar previously served as president and CEO of Fannie Mae, overseeing a business supporting approximately $4.1 trillion in mortgages and more than 10,000 employees, and has held senior roles at Enterprise Community Partners and JPMorgan Chase.
What insurance and benefits will HIG provide to director Priscilla Almodovar?
Almodovar will receive $100,000 of group life insurance and $750,000 of accidental death, dismemberment and permanent total disability coverage, plus reimbursement of travel and related expenses tied to her board service.
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): August 11, 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 August 11, 2026, the board of directors (the "Board") of The Hartford Insurance Group, Inc. (the "Company") elected Priscilla Almodovar as director of the Board effective on September 1, 2026. Ms. Almodovar was appointed to serve on the Board’s Finance, Investment and Risk Management Committee and Audit Committee effective September 1, 2026.
The Board has determined that Ms. Almodovar 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 she 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, Ms Almodovar 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, Ms. Almodovar 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 her Board service.
Item 7.01 Regulation FD Disclosure.
On August 11, 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 August 11, 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. | ||||||||||||||
| August 11, 2026 | By: | /s/ Terence Shields | ||||||||||||
| Name: Terence Shields | ||||||||||||||
| Title: Senior Vice President & Corporate Secretary | ||||||||||||||
NEWS RELEASE
The Hartford Appoints Priscilla Almodovar To Its Board of Directors
HARTFORD, Conn., Aug. 11, 2026 – The Hartford announced that Priscilla Almodovar, former president and CEO of Fannie Mae, has been elected to the company’s Board of Directors, effective Sept. 1. She will serve on the board’s Finance, Investment and Risk Management Committee, as well as the Audit Committee.
“Priscilla is an accomplished executive with deep expertise in financial services, capital management, enterprise risk management and governance,” said The Hartford’s Chairman and CEO Christopher Swift. “Her experience leading large, complex organizations and overseeing significant transformation initiatives will bring valuable perspective to our board as we continue to execute our strategy and create long-term value for our shareholders.”
As president and CEO of Fannie Mae, Almodovar led one of the world’s largest financial institutions, overseeing a business supporting approximately $4.1 trillion in mortgages and employing more than 10,000 people. During her tenure, she advanced a strategic transformation focused on financial performance, operational excellence, technology modernization and risk management. Almodovar also strengthened the company’s commercial and financial discipline by establishing its first post-financial-crisis return-on-equity target and embedding risk-adjusted capital allocation practices across the organization.
Prior to joining Fannie Mae, Almodovar served as CEO of Enterprise Community Partners where she brought together separate businesses and leadership structures into a single integrated one-enterprise platform. Before Enterprise Community Partners, she held several senior leadership positions at JPMorgan Chase, including managing director and co-head of Real Estate Banking. Earlier in her career, Almodovar served as president and CEO of the New York State Housing Finance Agency and was a partner at the global law firm White & Case.
Almodovar currently serves on the boards of Realty Income Corp. and Fifth Third Bancorp. She earned a juris doctor from Columbia Law School and a bachelor’s degree from Hofstra University.
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
© 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. | ||
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
© 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. | ||