Christopher J. Swift
Also at Hartford Financial Services Group Inc
About
Christopher J. Swift is a seasoned executive with over 30 years of experience in the financial services industry, with a strong focus on insurance and capital management. His career journey has spanned influential roles at major institutions, allowing him to develop a deep understanding of financial operations and strategic investments. Prior to his current leadership, he made significant impacts at organizations such as American International Group and KPMG, solidifying his reputation as a dedicated expert in the field.
In addition to his executive roles, he is a certified public accountant with extensive expertise in financial reporting and industry best practices. His background includes advancing complex projects and fostering growth initiatives while serving at renowned financial services companies, which has helped shape modern practices in the insurance and investment sectors.
Beyond his direct operational responsibilities, he has also contributed to the corporate governance landscape by serving on various boards, including a notable position with Citizens Financial Group. This involvement underscores his commitment to excellence in leadership and his ability to steer strategic direction in a competitive industry.
$HIG Performance Under Christopher J. Swift
Past Roles
| Organization | Role | Date Range |
|---|---|---|
| The Hartford Financial Services Group, Inc. | Executive Vice President and Chief Financial Officer | 2010-2014 |
| American International Group, Inc. | Vice President and Chief Financial Officer, Life and Retirement Services | 2003-2010 |
| KPMG, LLP | Partner | 1999-2003 |
| Conning Asset Management, General American Life Insurance Company | Executive Vice President | 1997-1999 |
| General American Life Insurance Company | Executive Vice President | 1997-1999 |
| KPMG, LLP | Auditor | 1983-1993 |
External Roles
| Organization | Role | Date Range |
|---|---|---|
| Citizens Financial Group, Inc. | Director | 2021-present |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,200,000 | Annual [N/A] | Fixed annual base salary |
| Contributions to Defined Contribution Plans | $65,300 | Per plan contribution period [N/A] | Includes company contributions under The Hartford’s tax‐qualified 401(k) plan and the Excess Savings Plan |
| Perquisites | $247,465 | As incurred [N/A] | Comprises personal use of corporate aircraft, commuting costs, executive physical expenses, and expenses for spouse’s attendance at business functions |
Performance Compensation
Stock Awards
| Metric/Detail | Value | Notes |
|---|---|---|
| Performance Metrics | Total Shareholder Return (TSR) relative to 2023 Performance Peer Group and Compensation Core Return on Equity (ROE) | Weighted equally at 50% each |
| Payout Ranges | Threshold: 17.5% of target; Independent minimum for each measure: 35%; Target: 100%; Maximum: 200% | Minimum payout not achieved if one measure falls below threshold |
| Grant Date | February 28, 2023 | - |
| Grant Date Fair Value | $5,747,175 | For performance shares |
| Grant Date Stock Price | $78.28 per share | - |
| Number of Shares Granted | Threshold: 11,737; Target: 67,067; Maximum: 134,134 | Based on performance relative to metrics |
| Vesting Schedule | Vest on December 31, 2025 | At end of three-year performance period |
Option Awards
| Metric/Detail | Value | Notes |
|---|---|---|
| Grant Date | February 28, 2023 | - |
| Grant Date Fair Value | $5,250,000 | - |
| Grant Date Stock Price / Exercise Price | $78.28 | Exercise price equals fair market value |
| Vesting Schedule | 1/3 per year on each anniversary; fully vested by February 28, 2026 | Time-based vesting, no performance conditions |
| Expiration Date | February 28, 2033 | Options expire 10 years from grant date |
| Valuation per Option | $21.09 | Determined using a hybrid lattice/Monte Carlo model; not adjusted for forfeitures |
Non-Equity Incentive Plan Compensation (AIP)
| Metric/Detail | Value | Notes |
|---|---|---|
| Threshold Payout | $1,155,000 | Represents 35% of target |
| Target Payout | $3,300,000 | - |
| Maximum Payout | $9,900,000 | Capped at 300% of target |
| Actual Payout | $3,861,000 | Achieved at 117% of target; based on company operating performance and individual goals |
| Performance Conditions | Based on annual company operating performance against a predetermined target and individual performance goals | Tied to Compensation Core Earnings target and strategic priorities |
| Payment Timing | Paid out after fiscal year-end following Compensation Committee certification | Cash-based award with no vesting schedule |