filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
RISK FACTORS
Investing in The Hartford involves risk. In deciding whether to invest in The Hartford, you should carefully consider the risk factors disclosed in Item 1A of Part I of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, (collectively the "Company's Risk Factors" or individually, the "Company's Risk Factor"), which is incorporated herein by
reference, any of which could have a significant or material adverse effect on the business, financial condition, operating results or liquidity of The Hartford. This information should be considered carefully together with the other information contained in this report and the other reports and materials filed by The Hartford with the SEC.
| Item 2. |
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
PURCHASES OF EQUITY SECURITIES BY THE ISSUER
Repurchases of common stock by the Company during the quarter ended March 31, 2022 are set forth below. During the period from April 1, 2022 to April 27, 2022, the Company repurchased 1.9 million shares for $139.
| Repurchases of Common Stock by the Issuer for the Three Months Ended March 31, 2022 | ||||||||||||||
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs[1] | ||||||||||
| (in millions) | ||||||||||||||
| January 1, 2022 - January 31, 2022 | 2,316,941 | $ | 71.02 | 2,316,941 | $ | 1,133 | ||||||||
| February 1, 2022 - February 28, 2022 | 3,022,500 | $ | 70.32 | 3,022,500 | $ | 921 | ||||||||
| March 1, 2022 - March 31, 2022 | 342,014 | $ | 67.01 | 342,014 | $ | 898 | ||||||||
| Total | 5,681,455 | $ | 70.40 | 5,681,455 | ||||||||||
[1]On December 17, 2020, the Board of Directors authorized a new equity repurchase plan for $1.5 billion for the period commencing January 1, 2021 through December 31, 2022. The Board of Directors increased this authorization by $1.0 billion on April 22, 2021 and by $500 on October 28, 2021, bringing the aggregate repurchase authorization to $3.0 billion through December 31, 2022. The timing of any repurchases of shares under the remaining equity repurchase authorization is dependent upon several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.
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