The Hartford Says It Will Sell Its Financial Services to AIG; Sees No Affect on 2013 Earnings

The Hartford today announced that it has signed a definitive agreement to sell Woodbury Financial Services to American International Group, Inc. The transaction is expected to generate a modest gain for The Hartford and have no material impact to The Hartford's 2013 earnings. The agreement is expected to close by the end of 2012, subject to regulatory approval and other customary closing conditions.