Home » The Hartford Annual Reports » 2008 Annual Report - page 120

The Hartford 2008 Annual Report Download - page 120

Download and view the complete annual report

Please find page 120 of the 2008 The Hartford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Arizona. The acquisition of TopNoggin LLC., provides web-based technology to address data management, administration

and benefit calculations. These three acquisitions were not accretive to 2008 net income. Furthermore, net income as a

percentage of assets is expected to be lower in 2009 reflecting a full year of the new business mix represented by the

acquisitions, which includes larger, more institutionally priced plans, predominantly executed on a mutual fund platform,

and the cost of maintaining multiple technology platforms during the integration period.

Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009