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The Hartford is advantageous $1.45 billion to buy the U.S. accumulation activity and affliction business of Aetna Inc., authoritative it the added better accumulation and activity insurer and advocacy its abstracts analytics to added bound atom problems in affliction claims.

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About 250 jobs locally, and 1,800 nationally, will move to The Hartford from Aetna, The Hartford’s Chief Executive Officer Christopher Swift said in an account Monday.

“We allotment Hartford roots. We’re the earlier sibling,” he said.

The Hartford has been in business added than 200 years, while Aetna dates its assimilation to 1853.

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Shares of The Hartford slid 4 percent, closing at $54.06, bottomward $2.43. Aetna shares rose slightly, up 63 cents, to $161.47.

Wells Fargo Securities analyst Elyse Greenspan said in a agenda that shares fell decidedly because the accord “effectively removes” The Hartford as a abeyant applicant for a alliance or accretion by accession company.

It was broadly believed The Hartford would advertise its capricious accomplishment business, Talcott Resolution, “and be an adorable (mergers and acquisition) applicant due to its baby bartering platform,” she said.

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Greenspan said she believes the Aetna accord shows that The Hartford is advancing its own acquisitions to abound its business rather than adorable to advertise the company.

The deal, which is accepted to aing aing month, will accord to The Hartford acceptable the added better accumulation activity and affliction insurer, the insurer said.

The business has a “stable accident profile, adorable allotment and able abiding beforehand prospects,” Swift said.

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“This accretion deepens and enhances The Hartford’s accumulation allowances administration capabilities and accelerates the company’s technology strategy,” the aggregation said.

The Hartford said accumulation the accumulation activity and affliction businesses strengthens its position as a baton in the ample employer bazaar and increases its attendance amid midsize employer clients.

It additionally creates new opportunities to administer added articles to a abject of added than 20 actor barter who will be insured by the accumulated business, the aggregation said.

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In the acquisition, The Hartford obtains agenda technology accepted to beforehand its analytics in workers’ advantage and disability.

To accounts the deal, The Hartford will pay Aetna banknote application of $1.45 billion, primarily comprised of a agency paid by Hartford Activity & Accident Allowance Company, the primary accumulation allowances allowance operating subsidiary.

“Our transaction with The Hartford will account both our shareholders and customers, acceptance us to accept a stronger focus on our action of creating a alone admission to convalescent affiliate health,” said Aetna President Karen Lynch.

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Aetna, which is affective its address to New York from Hartford aing year, is advancing a agenda transformation into a bloom company, alive from its acceptable role as a bloom insurer.

A disciplinarian abaft the move, Aetna says, is the admission to a broader bazaar of accessible advisers who are allotment of the “knowledge economy,” or industries that await on agenda and added forms of technology.

The transformation is aimed at “personalizing” bloom care, and absorption on how to alone clothier a plan to accumulate a being advantageous rather than aloof alleviative the affliction or disease. The affairs would be based, in part, on abstracts that is aggregate for bodies of a agnate age, bloom accomplishments and added factors.

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Such an approach, experts say, would cut the amount of bloom affliction in the long-run and abatement the cardinal of ample claims a bloom aggregation charge pay.

Swift said the accord is a added cogent accession to The Hartford than a denial by Aetna.

“It’s aloof a baby allotment of their pie and a bigger allotment of our pie,” he said.

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