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HRG Group

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uuid000673h

Namestring
HRG Group
Websiteurl
hrggroup.com
Company typeenum
Private
Founded yearint
1954
Descriptiontext

HRG Group was a diversified holding company headquartered in New York, United States, founded in 1954 and historically listed on the NYSE under the ticker HRG before being delisted. The company's stated mission was to own and grow attractive businesses that generate sustainable free cash flow, operating a portfolio model rather than a single product or service line. Its portfolio historically included Spectrum Brands (a diversified consumer products company acquired in February 2018) and U.S. Life Holdings (acquired in April 2011 in the insurance/financial services sector), reflecting a strategy of cross-vertical capital allocation across consumer products and financial services.

At its operating peak, HRG Group had 10,000+ employees inherited from its portfolio companies, with leadership including Joseph Steinberg as Chief Executive Officer and George H. W. Bush identified as a founder (reflecting the historical lineage of the predecessor entities). The company did not develop proprietary technology products; its value creation model centered on acquiring, operating, and growing cash-generating businesses.

As of the available evidence, HRG Group is no longer operating in its prior corporate form. The company has been delisted from the NYSE, and its primary corporate domain hrggroup.com is listed for sale on HugeDomains for $4,795 — a strong signal of corporate wind-down. No current revenue, headcount, operational, or financial data is available, and the entity in its prior holding-company structure appears to have been dissolved or absorbed into successor organizations.

Short descriptiontext

HRG Group was a diversified holding company (founded 1954, formerly NYSE: HRG) that owned and operated cash-generating businesses including Spectrum Brands and U.S. Life Holdings; the entity is now delisted and its corporate domain is listed for sale.

Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
diversified holding company, consumer products, life insurance holdings, business acquisitions, portfolio management
NAICS code1 code
  • Management of Companies and Enterprises551
Product category
Diversified Holding Company
Social media profiles1 record
Cost components3 values
Operations, Personnel, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

HRG Group is a diversified holding company that owns and operates businesses across consumer products and insurance, pursuing acquisitions of attractive companies that generate sustainable free cash flow. Its portfolio has included Spectrum Brands (consumer products, acquired 2018) and U.S. Life Holdings (life insurance, acquired 2011).

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • 29.8% increase in items reviewed year-over-year
Product overview1 text field

HRG Group offers product review and evaluation services for the health, beauty, and wellness retail sector. The company reviews new retail items to assess their market potential, with coverage across top product categories such as cold & allergy, pain relief, and dietary supplements. The wellness segment represents a key focus area for the company's evaluation services.

Product and service2 records
1Spectrum Brands (Consumer Products Subsidiary)
CategoryConsumer Products
2U.S. Life Holdings (Life Insurance Subsidiary)
CategoryLife Insurance
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Spectrum Brands Holdings
TypeDirect peer
Description

Consumer-products company that acquired HRG Group in 2018 and absorbed its portfolio; the most direct successor entity and historically intertwined with HRG's holdings.

2Leucadia National (now Jefferies Financial Group)
TypeDirect peer
Description

Diversified holding company with mixed consumer, financial, and industrial holdings — closely mirrors HRG Group's stated business model of owning and operating cash-generative businesses.

3Loews Corporation
TypeBroad incumbent
Description

Large diversified holding company operating in insurance (CNA Financial), energy, and hospitality; comparable in structure as a diversified holding company that historically generated free cash flow across subsidiaries.

4Markel Corporation
TypeBroad incumbent
Description

Diversified financial holding company with insurance and operating company interests; comparable to HRG's mix of life-insurance (FGL/U.S. Life Holdings) and operating-business exposure.

5Alleghany Corporation
TypeBroad incumbent
Description

Holding company with insurance and operating businesses; relevant peer given HRG's life-insurance holdings and broader diversified-holding structure.

6Fairfax Financial Holdings
TypeBroad incumbent
Description

Canadian holding company with insurance and operating-business interests; comparable as a diversified holding company with insurance exposure similar to HRG's U.S. Life Holdings stake.

7Compass Diversified Holdings
TypeDirect peer
Description

Public holding company that acquires and manages middle-market businesses with cash-flow characteristics; closely aligned with HRG's stated strategy of owning cash-generative operating businesses.

8Fortress Investment Group
TypeBroad incumbent
Description

Diversified alternative-asset and holding-style manager with insurance and operating interests; relevant peer given HRG's mix of insurance and consumer-products holdings.

9Berkshire Hathaway
TypeBroad incumbent
Description

Premier diversified holding company; comparable only as the archetypal holding-company model that HRG Group's described strategy parallels.

10FGL Holdings (now F&G Annuities & Life)
TypeDirect peer
Description

Life-insurance and annuity company that was part of HRG Group's portfolio (originally U.S. Life Holdings / Fidelity & Guaranty Life); directly tied to HRG's historical insurance holdings.

Market position
Strengths2 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights3 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

HRG Group

Diversified Holding Companyhrggroup.com

HRG Group was a diversified holding company (founded 1954, formerly NYSE: HRG) that owned and operated cash-generating businesses including Spectrum Brands and U.S. Life Holdings; the entity is now delisted and its corporate domain is listed for sale.

What HRG Group does

HRG Group was a diversified holding company headquartered in New York, United States, founded in 1954 and historically listed on the NYSE under the ticker HRG before being delisted. The company's stated mission was to own and grow attractive businesses that generate sustainable free cash flow, operating a portfolio model rather than a single product or service line. Its portfolio historically included Spectrum Brands (a diversified consumer products company acquired in February 2018) and U.S. Life Holdings (acquired in April 2011 in the insurance/financial services sector), reflecting a strategy of cross-vertical capital allocation across consumer products and financial services.

At its operating peak, HRG Group had 10,000+ employees inherited from its portfolio companies, with leadership including Joseph Steinberg as Chief Executive Officer and George H. W. Bush identified as a founder (reflecting the historical lineage of the predecessor entities). The company did not develop proprietary technology products; its value creation model centered on acquiring, operating, and growing cash-generating businesses.

As of the available evidence, HRG Group is no longer operating in its prior corporate form. The company has been delisted from the NYSE, and its primary corporate domain hrggroup.com is listed for sale on HugeDomains for $4,795 — a strong signal of corporate wind-down. No current revenue, headcount, operational, or financial data is available, and the entity in its prior holding-company structure appears to have been dissolved or absorbed into successor organizations.

HRG Group firmographics

Firmographics
Name
HRG Group
Website
https://hrggroup.com
Company type
Private
Founded year
1954
Headcount range
5,001–10,000 employees
Short description
HRG Group was a diversified holding company (founded 1954, formerly NYSE: HRG) that owned and operated cash-generating businesses including Spectrum Brands and U.S. Life Holdings; the entity is now delisted and its corporate domain is listed for sale.
Ownership category
akta.pro rank

Where HRG Group is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Markets served

HRG Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Others

HRG Group product offering

Product offering

Core offering

HRG Group is a diversified holding company that owns and operates businesses across consumer products and insurance, pursuing acquisitions of attractive companies that generate sustainable free cash flow. Its portfolio has included Spectrum Brands (consumer products, acquired 2018) and U.S. Life Holdings (life insurance, acquired 2011).

Product overview

HRG Group offers product review and evaluation services for the health, beauty, and wellness retail sector. The company reviews new retail items to assess their market potential, with coverage across top product categories such as cold & allergy, pain relief, and dietary supplements. The wellness segment represents a key focus area for the company's evaluation services.

Differentiator

Problem solved

Functional benefit

Products and services

  • Spectrum Brands (Consumer Products Subsidiary)
  • U.S. Life Holdings (Life Insurance Subsidiary)

Quantifiable outcome

  • 29.8% increase in items reviewed year-over-year

Companies that use HRG Group

Customer profile

Segments1 record

Ideal customer profiles1 record

HRG Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

HRG Group partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

HRG Group competitors and assessment

Company assessment

Direct peers

  • Spectrum Brands Holdings: Consumer-products company that acquired HRG Group in 2018 and absorbed its portfolio; the most direct successor entity and historically intertwined with HRG's holdings.
  • Leucadia National (now Jefferies Financial Group): Diversified holding company with mixed consumer, financial, and industrial holdings — closely mirrors HRG Group's stated business model of owning and operating cash-generative businesses.
  • Compass Diversified Holdings: Public holding company that acquires and manages middle-market businesses with cash-flow characteristics; closely aligned with HRG's stated strategy of owning cash-generative operating businesses.
  • FGL Holdings (now F&G Annuities & Life): Life-insurance and annuity company that was part of HRG Group's portfolio (originally U.S. Life Holdings / Fidelity & Guaranty Life); directly tied to HRG's historical insurance holdings.

Broad incumbents

  • Loews Corporation: Large diversified holding company operating in insurance (CNA Financial), energy, and hospitality; comparable in structure as a diversified holding company that historically generated free cash flow across subsidiaries.
  • Markel Corporation: Diversified financial holding company with insurance and operating company interests; comparable to HRG's mix of life-insurance (FGL/U.S. Life Holdings) and operating-business exposure.
  • Alleghany Corporation: Holding company with insurance and operating businesses; relevant peer given HRG's life-insurance holdings and broader diversified-holding structure.
  • Fairfax Financial Holdings: Canadian holding company with insurance and operating-business interests; comparable as a diversified holding company with insurance exposure similar to HRG's U.S. Life Holdings stake.
  • Fortress Investment Group: Diversified alternative-asset and holding-style manager with insurance and operating interests; relevant peer given HRG's mix of insurance and consumer-products holdings.
  • Berkshire Hathaway: Premier diversified holding company; comparable only as the archetypal holding-company model that HRG Group's described strategy parallels.

Market position

Strengths2 records

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights3 records

Customer concentration

HRG Group social profiles

Digital presence

HRG Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

HRG Group leadership team

Management profile

Number of profiles

Profiles1 record

HRG Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

HRG Group M&A and investment

M&A and investment

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HRG Group

What does HRG Group do?

HRG Group is a diversified holding company that owns and operates businesses across consumer products and insurance, pursuing acquisitions of attractive companies that generate sustainable free cash flow. Its portfolio has included Spectrum Brands (consumer products, acquired 2018) and U.S. Life Holdings (life insurance, acquired 2011).

When was HRG Group founded?

HRG Group was founded in 1954. It employs 5,001 to 10,000 people.

Where is HRG Group based?

HRG Group is headquartered in New York, United States, in the North America region.

Who are HRG Group's main competitors?

Direct peers on record are Spectrum Brands Holdings, Leucadia National (now Jefferies Financial Group), Compass Diversified Holdings and FGL Holdings (now F&G Annuities & Life). Broad incumbents are Loews Corporation, Markel Corporation, Alleghany Corporation, Fairfax Financial Holdings, Fortress Investment Group and Berkshire Hathaway.

Does HRG Group have an API?

No public API is recorded for HRG Group.

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Live signals
PR NewswireNotice of Pendency and Proposed Settlement of Class Action Involving Persons or Entities Who Purchased HRG Group, Inc. Common Stock from January 26, 2017 to July 13, 2018Lead Plaintiff Jet Capital Master Fund, L.P. has reached a proposed $7.25 million cash settlement with HRG Group, Inc. and other defendants to resolve a securities class action covering persons who purchased HRG common stock between January 26, 2017 and July 13, 2018. A Settlement Fairness Hearing is scheduled for March 18, 2022, before the U.S. District Court for the Western District of Wisconsin to determine whether the settlement should be approved. This new settlement supersedes a previously proposed settlement that was not approved by the Court and relates only to HRG claims, excluding related claims involving Spectrum Brands Holdings, Inc. common stock.PR NewswireBernstein Litowitz Berger & Grossmann LLP Announces Deadline for Purchasers of HRG Group, Inc. Stock to Seek Appointment as Lead Plaintiff for HRG Subclass in Securities Class ActionBernstein Litowitz Berger & Grossmann LLP announced a deadline for investors who purchased HRG Group stock between January 2017 and November 2018 to seek appointment as lead plaintiff in a securities class action against HRG, Spectrum Brands Holdings, and former executives. The lawsuit alleges that defendants concealed fundamental execution problems with major consolidation projects that led to significant financial losses and executive resignations. This notice follows a court order bifurcating the litigation to allow HRG investors to form a separate subclass distinct from Spectrum investors.Hrg-IncThe Benefits of Infrastructure Banks and How They Work - HRG - EngineeringAn HRG promotional article explains how county infrastructure banks combine local funding with outside capitalization to offer low-interest loans and project delivery support to municipalities and private entities. It cites Dauphin County, Pennsylvania, which used $325,000 in Liquid Fuels funding plus a Pennsylvania Infrastructure Bank loan to fund 15 projects worth over $25 million in five years. The piece recommends at least $250,000 in annual allocations and a consultant with civil engineering and financial expertise.PR NewswireHRG Group, Inc. Stockholders Approve Proposed Merger With Spectrum Brands Holdings, Inc.HRG Group, Inc. stockholders approved the company's previously announced merger with Spectrum Brands Holdings, Inc. at a special meeting held on July 13, 2018. The merger is expected to close after the close of business on the same day. HRG Group is a holding company headquartered in New York that conducts its operations through Spectrum Brands, a global branded consumer products company.PR NewswireHRG Group, Inc. Reports Fiscal 2018 Second Quarter ResultsHRG Group, Inc. reported consolidated results for Q2 fiscal 2018 ended March 31, 2018, with total revenues of $766.1 million, up 1.1% year-over-year, driven by the Consumer Products segment. However, operating income dropped 69.7% to $28.9 million from $95.3 million, primarily due to $15.2 million in restructuring charges, $11.6 million in merger-related costs, input cost inflation, and a pet safety recall impacting the Global Pet Supplies product line. The company also announced pending transactions including the merger of HRG with Spectrum Brands and the sale of Spectrum Brands' Global Battery and Lighting business to Energizer Holdings for $2.0 billion in cash.PR NewswireHRG Group, Inc. to Report Second Fiscal Quarter 2018 Results on May 4, 2018HRG Group, Inc. announced it will issue a press release on May 4, 2018 reporting its fiscal second quarter 2018 results for the quarter ended March 31, 2018. The results will be available on the company's website under the Investor Relations section. HRG Group is a holding company headquartered in New York that conducts operations primarily through its majority-owned subsidiary, Spectrum Brands Holdings, Inc.PR NewswireHRG Group, Inc. Sets Date for 2018 Annual Meeting of StockholdersHRG Group, Inc. announced that its 2018 Annual Meeting of Stockholders will be held on June 12, 2018 in New York, NY, with a record date of April 20, 2018. The deadline for stockholder proposals or nominations is April 12, 2018, and such proposals must comply with SEC Rule 14a-8 and the company's bylaws. HRG Group is a holding company that conducts operations through its subsidiary Spectrum Brands Holdings Inc., a global branded consumer products company.PR NewswireHRG Group, Inc. Reports Fiscal 2018 First Quarter ResultsHRG Group, Inc. reported fiscal Q1 2018 results with total revenues of $646.5 million, up 7.3% from the prior year quarter, driven by its Spectrum Brands Consumer Products segment, though operating income fell 35.6% to $26.6 million due to increased restructuring charges and a pet safety recall. Net income from continuing operations improved significantly to $28.8 million ($0.14 per share) from a net loss of $47.2 million in the prior year quarter, primarily due to a $126.0 million income tax benefit from the Tax Cuts and Jobs Act.PR NewswireHRG Group, Inc. to Report First Fiscal Quarter 2018 Results on February 9, 2018HRG Group, Inc. announced it will release its fiscal first quarter 2018 results on February 9, 2018, with the press release and financial supplements available on the company's investor relations website. HRG Group is a holding company headquartered in New York that conducts operations primarily through its majority-owned subsidiary Spectrum Brands Holdings, Inc., a diversified global consumer products company. This earnings announcement is a routine corporate disclosure with no substantive developments or changes to the company's operational or financial position.PR NewswireHRG Group, Inc. Reports Fiscal 2017 Third Quarter ResultsHRG Group, Inc. reported fiscal 2017 third quarter results with total revenues of $1.30 billion, a 4.3% decline from $1.36 billion in the prior year quarter, driven by lower sales in global pet supplies and home and garden products plus unfavorable foreign exchange rates. Operating income fell to $148.2 million from $188.1 million, impacted by $24.9 million in rawhide safety recall costs and $15.8 million in restructuring costs at subsidiary Spectrum Brands, resulting in a net loss from continuing operations of $1.5 million versus net income of $54.5 million in Q3 2016. The company also announced pending transactions including FGL's merger with CF Corporation at $31.10 per share and Front Street's sale to CF Corp for $65 million, while HRG continues to explore strategic alternatives to maximize shareholder value.