The Hartford Announces Agreement to Sell Talcott Resolution to an Investor Group

Atlas Merchant Capital LLC, as part of an investor group, has entered into a definitive agreement to purchase Talcott Resolution, The Hartford's run-off life and annuity businesses, from The Hartford. 

Total consideration to The Hartford is $2.05 billion, comprised of cash from the investor group, a pre-closing cash dividend, debt included as part of the sale, and a 9.7 percent ownership interest by The Hartford in the acquiring company. The sale is anticipated to close in the first half of 2018, subject to regulatory approval and other closing conditions.