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Thursday, Sep 27
2012, 4:43 PM
As tipped earlier, Hartford agrees to sell its individual life insurance business to Prudential...
As tipped earlier, Hartford agrees to sell its individual life insurance business to Prudential (PRU) for $615M. It's the 3rd divestiture Hartford has carried out within the past three months, selling its Woodbury Financial Services in late July and its Retirement Plans business in early September. Despite the sale price being well less than the rumored $1B, HIG +2% AH.