Liam E. McGee served as the CEO and Chairman of The Hartford Financial Services Group from 2009 until 2014. Before joining Hartford, he built a strong background at Bank of America. During his time there, he led the Consumer and...

Liam E. McGee served as the CEO and Chairman of The Hartford Financial Services Group from 2009 until 2014. Before joining Hartford, he built a strong background at Bank of America. During his time there, he led the Consumer and Small Business Bank, handling operations that served over 50 million households. This experience helped him to understand how to manage large teams and complex systems. Under his leadership, Hartford focused on a customer-centered strategy aimed at sustained growth and increasing shareholder value. In 2014, McGee made headlines when he resigned, choosing to take an executive chairman role instead. In terms of compensation, he earned notable amounts. In 2012, McGee received a total compensation of nearly $11.2 million, mainly through bonuses and performance-based stock options, which reflects the company’s performance during his tenure. Notably, he didn’t take a cash bonus in 2011, showing a commitment to align with the company’s interests. Outside compensation details, his insider trading history exhibits significant fluctuations, with his holdings peaking around $43.16 million in early 2024. His career is marked by a blend of high-stakes decision making in finance and a focus on improving customer experiences, placing him as a significant figure in the financial services landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other The Hartford Financial Services Group CEOs

T

Liam E. McGee

Ex-CEO of The Hartford Financial Services Group

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1959 - 66 years ago

CEO of The Hartford Financial Services Group for

4 years 8 months (Oct 2009 - Jun 2014)

Previous Experience

President, Bank of America Consumer and Small Business Bank

Rivals

Competitors/colleagues of Liam E. McGee

M

Timothy J. Mattke

CEO of MGIC Investment Corp.

2023 Compensation

Stock

$1.25M

Salary

$600.00K

Bonus

$180.00K

Other

$50.00K

Total Holdings

$22.27M

O

Craig Smiddy

CEO of Old Republic International

2023 Compensation

Stock

$575.29K

Salary

$926.67K

Bonus

$2.28M

Other

$37.02K

Total Holdings

$7.72M

C

Evan G. Greenberg

CEO of Chubb

2023 Compensation

Stock

$18.41M

Salary

$1.55M

Bonus

$9.00M

Other

$1.46M

Total Holdings

$177.97M

C

Gary C. Bhojwani

CEO of CNO Financial Group

2022 Compensation

Stock

$9.11M

Salary

$1.03M

Bonus

$1.70M

Other

$352.32K

Total Holdings

$45.23M

M

Michel A. Khalaf

CEO of MetLife

2023 Compensation

Stock

$15.81M

Salary

$1.48M

Bonus

$4.80M

Other

$279.92K

Total Holdings

$50.00M

Holdings

See how much did Liam E. McGee make over time.

Liam E. McGee has had notable fluctuations in his holdings over the years. He peaked around July 2024, with his holdings valued at approximately $53 million. His values experienced ups and downs, such as dipping to about $22 million in...

Liam E. McGee has had notable fluctuations in his holdings over the years. He peaked around July 2024, with his holdings valued at approximately $53 million. His values experienced ups and downs, such as dipping to about $22 million in early 2020, before steadily rising. In a significant spike, his holdings reached over $38 million by September 2022. This rollercoaster pattern reflects both his strategic decisions and the market's response to The Hartford's performance. Prior to these peaks, he reported values around $32 to $34 million regularly throughout various months in 2020 and into 2021. Monitoring these changes gives insight into not just McGee’s financial interests, but also hints at his perceived confidence in the company's future.

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Total Stock Sold

$8.29M

HIG

$8.29M

224,922 HIG shares

What if they kept their stock?

If Liam E. McGee didn't sell their stock, today they would have:
Extra HIG224,922 shares worth $7.85M.
This is -5.23% and $432.97K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Liam E. McGee.

HIG

$4.45M

HIG at $39.59/share

Nov 3, 2014

Sale

HIG

$3.82M

HIG at $33.97/share

Aug 1, 2014

Sale

HIG

$496.74K

HIG at $19.80/share

May 4, 2012

Purchase

HIG

$478.78K

HIG at $19.08/share

May 4, 2012

Purchase

Compensation History

See how much did Liam E. McGee make over time.

Liam E. McGee's compensation at The Hartford Financial Services Group has varied significantly during his tenure. In 2014, his total compensation was approximately $3.35 million, which included a salary of $1 million and a sizable bonus of about $3.26 million. This bonus was linked directly to the company's performance that year. In contrast, in 2012, his earnings soared to $11.16 million, reflecting achievements tied to previously set financial goals. His approach showed a blend of security with a clear focus on performance, as he included performance-based metrics in determining potential bonuses. There were also years, like 2011, when he voluntarily declined a cash bonus, indicating a commitment to the company's long-term health, rather than immediate rewards. McGee's financial package often included various perks but was predominantly driven by performance metrics that reflected both personal leadership and company results.

Year

2014

Total Compensation

$4.45M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to promote long-term shareholder value creation and support the company's strategy by encouraging profitable growth consistent with prudent risk management, attracting and retaining key talent, and aligning pay with performance.

Bonus

$3.26M

Board Justification

The 2014 AIP award based on Mr. McGee's actual base salary earned during 2014 and the final company AIP funding factor without any adjustment to reflect individual performance or other factors.

Other

$188.47K

Board Justification

Includes perquisites and transition services valued at $50,387.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2014 as the performance share awards were forfeited upon his resignation and subsequent death.

Performance Metrics

Performance metrics included core earnings and total shareholder return relative to peers.

Other The Hartford Financial Services Group CEOs

Here are other CEOs of The Hartford Financial Services Group

Christopher J. Swift

CEO of The Hartford Financial Services Group

July 2014 - Present