Talcott Resolution Life Inc. plans to eliminate 101 positions by the end of April, adding to a wave of insurance layoffs across the US as the life and annuity sector sheds jobs even while broader industry hiring holds steady.
The layoffs, disclosed in a Worker Adjustment and Retraining Notification filed with the Connecticut Department of Labor, are permanent and expected to take effect on April 24.
The affected employees include on-site workers at Talcott's Hartford facility and remote staff. Impacted workers were first notified in July 2025 and are receiving severance and career transition services, the company said.
The cuts are concentrated in the operations and information technology departments. The senior service specialist US category accounts for the largest share at 25 positions, followed by 19 in the service consultant United States role. No bumping rights will apply.
Talcott Resolution is a US-based life insurance and annuity company that administers approximately one million contracts and manages $126 billion in assets. Originally the life and annuity arm of The Hartford Financial Services Group, it was spun off in 2018 and acquired by global investment firm Sixth Street in 2021.
The company has since grown through block reinsurance. In December 2025, Talcott completed a $10 billion block reinsurance deal with MetLife, bringing its total reinsured reserves for the year to $14 billion.
The reductions come as the US insurance industry navigates uneven labor conditions. Bureau of Labor Statistics data showed the sector shed 1,800 positions in December 2025 compared to the prior month. Direct life and health insurers accounted for 1,700 of those losses, while direct property and casualty insurers cut 1,500.
Yet a Q3 2025 Insurance Labor Market Study from The Jacobson Group and Aon found 86% of companies planned to increase or maintain staff over the next 12 months. Aon partner Jeff Rieder noted that just over half anticipated actual staffing increases, a figure he said had "stayed relatively flat throughout the past two years."
Jacobson Group data from October 2025 offers further context: employment rose year-on-year among agents and brokers (up 2%) and property and casualty insurers (up 1.8%), but fell in life and health (down 2.2%) and claims (down 11.5%).
The pattern points to an industry hiring in underwriting and technology while trimming operations and servicing – the very categories targeted in the Talcott insurance layoffs.
"The organizational changes we are implementing are intended to drive long-term operational efficiency and position us to focus on key growth areas within our business," Talcott said in a statement.
The company added that it remains "committed to treating affected team members fairly and respectfully throughout this transition."
