The Hartford has entered into a definitive agreement to acquire Equitable’s Employee Benefits business, expanding its market footprint across small and midsize employers. Representing approximately $500 million in premium, the acquisition encompasses Equitable’s complete non-medical benefits portfolio, including group life, disability, paid family and medical leave, supplemental health, dental, and vision products. Alongside the risk portfolio, The Hartford will absorb Equitable’s advanced technology platform, incorporating unified digital capabilities and real-time API integrations designed to streamline benefits administration for employers, employees, and brokers. To ensure operational continuity, approximately 300 Equitable team members will transition to The Hartford upon the transaction’s expected close in the fourth quarter, subject to regulatory approvals.
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“This acquisition reinforces The Hartford’s leadership in employee benefits and small business,” said The Hartford’s Chairman and CEO Christopher Swift. “Small and midsize employers represent a strategic growth opportunity for our Employee Benefits business, and this transaction strengthens our ability to meet the evolving needs of this important business segment.” The acquisition strategically aligns with The Hartford’s digital modernization efforts while maintaining its existing capital management framework. “The modern, integrated technology makes it easier for our small and midsize business customers to access and manage their benefits,” said Mike Fish, head of Employee Benefits at The Hartford. “We look forward to welcoming the Equitable employees who will be joining us to help serve our employer customers and broker partners.”
