Hartford Financial Services Group Inc. says it has asked Connecticut insurance regulators to ease some capital calculation requirements.
Hartford Financial, Hartford, has asked for Annuity Guideline 39 relief in connection with year-end reserve calculations, Hartford Chief Financial Officer Lizabeth. Zlatkus said Friday during a conference call.
A.G. 39 requires variable annuity issuers to analyze the adequacy of the reserves backing variable annuities that offer guarantees of “living benefits,” such as minimum income guarantees.