HARTFORD FINANCIAL SERVICES GROUP, INC. - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - FORM 8-K - HARTFORD FINANCIAL SERVICES GROUP, INC.	c95684e8vk.htm

Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

DECEMBER 31, 2009

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:
One Hartford Plaza
Hartford, CT 06155

Internet address:
http://www.thehartford.com

Contacts:

Rick Costello
Senior Vice President
Investor Relations
Phone (860) 547-8480

JR (John) Reilly
Vice President
Investor Relations
Phone (860) 547-9140

Margaret Mann
Program Assistant
Investor Relations
Phone (860) 547-3800

As of February 8, 2010


	A.M. Best	Fitch	Standard & Poor’s	Moody’s
*Insurance Financial Strength Ratings:*
Hartford Fire Insurance Company	A	A+	A	A2
Hartford Life Insurance Company	A	A-	A	A3
Hartford Life and Accident Insurance Company	A	A-	A	A3
Hartford Life and Annuity Insurance Company	A	A-	A	A3

*Other Ratings:*
The Hartford Financial Services Group, Inc.:
Senior debt	bbb+	BBB-	BBB	Baa3
Commercial paper	AMB-2	F2	A-2	P-3
Junior subordinated debentures	bbb-	BB	BB+	Ba1

Hartford Life, Inc.:
Senior debt	bbb+	BBB-	BBB	Baa3

Hartford Life Insurance Company:
Short term rating	—	—	A-1	P-2
Consumer notes	a	BBB+	A	Baa1

TRANSFER AGENT
The Bank of New York Mellon
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310
1 (877) 272-7740

COMMON STOCK

Common stock of The Hartford Financial Services Group, Inc. is traded on the New York Stock Exchange under the symbol “HIG”.

This report is for information purposes only. It should be read in conjunction with documents filed by The Hartford Financial Services Group, Inc. with the U.S. Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTOR FINANCIAL SUPPLEMENT
TABLE OF CONTENTS


Basis of Presentation	i, ii, iii

CONSOLIDATED
Consolidated Financial Results		C-1
Operating Results by Segment		C-2
Analysis of Operating Results by Segment		C-2a
Consolidating Statements of Operations
Three Months Ended December 31, 2008 and 2009		C-3
Year Ended December 31, 2008 and 2009		C-4
Consolidating Balance Sheets
As of December 31, 2008 and 2009		C-5
Capital Structure		C-6
Accumulated Other Comprehensive Loss		C-7
Computation of Basic and Diluted Earnings (Losses) Per Common Share		C-8
Analysis of Net Realized Capital Gains (Losses) After-tax and DAC
Three Months Ended December 31, 2008 and 2009		C-9
Year Ended December 31, 2008 and 2009		C-10
Computation of Return-on-Equity Measures		C-11
Components of Net Realized Capital Gains (Losses) After-tax and DAC and Excluded From Core Earnings
Three Months Ended December 31, 2008, March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009		C-12
Year Ended December 31, 2008 and 2009		C-13

LIFE
Financial Highlights		L-1
Financial Highlights Excluding Impacts of the Unlock		L-1a
Operating Results		L-2
Total Assets Under Management		L-3
Consolidated Balance Sheets		L-4
Deferred Policy Acquisition Costs and Present Value of Future Profits		L-5
Supplemental Data — Annuity Death and Income Benefits		L-6
Reinsurance Recoverable Analysis
As of December 31, 2009		L-7
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation		L-8
Retail Products Group
Income Statements
Individual Annuity		L-9
Mutual Funds		L-10
Supplemental Data
Deposits		L-11
Assets Under Management		L-12
Individual Annuity — Account Value Rollforward		L-13
Other Retail — Asset Rollforward		L-14
Individual Life
Income Statements		L-15
Supplemental Data		L-16
Account Value Rollforward		L-17
Group Benefits
Income Statements		L-18
Supplemental Data		L-19
Retirement Plans
Income Statements		L-20
Supplemental Data
Deposits		L-21
Assets Under Management and Administration		L-22
Account Value and Asset Rollforward		L-23
International
Highlights		L-24
Japan
Income Statements		L-25
Supplemental Data — Account Value Rollforward in Dollars		L-26
Supplemental Data — Account Value Rollforward in Yen		L-27
Institutional Solutions Group
Income Statements		L-28
Supplemental Data
Deposits		L-29
Assets Under Management		L-30
Account Value and Asset Rollforward		L-31

PROPERTY & CASUALTY
Financial Highlights	PC-1
Operating Results	PC-2
Ongoing Operations Operating Results	PC-3
Ongoing Operations Underwriting Results	PC-4
Personal Lines Underwriting Results	PC-5
Personal Lines Written and Earned Premiums	PC-6
Small Commercial Underwriting Results	PC-7
Middle Market Underwriting Results	PC-8
Specialty Commercial Underwriting Results	PC-9
Specialty Commercial Written and Earned Premiums	PC-10
Other Operations Operating Results	PC-11
Other Operations Losses and Loss Adjustment Expenses	PC-12
Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-13
Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
Three Months Ended December 31, 2009	PC-14
Year Ended December 31, 2009	PC-15
Reinsurance Recoverable Analysis	PC-16
Consolidated Income Statements	PC-17
Consolidated Balance Sheets	PC-18
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-19

INVESTMENTS
Investment Earnings Before-tax
Consolidated		I-1
Life		I-2
Property & Casualty		I-3
Corporate		I-4
Composition of Invested Assets
Consolidated		I-5
Life		I-6
Property & Casualty		I-7
Corporate		I-8
Unrealized Loss Aging
Consolidated		I-9
Life		I-10
Property & Casualty		I-11
Invested Asset Exposures
As of December 31, 2009		I-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION

DEFINITIONS AND PRESENTATION

•

All amounts are in millions, except for per share and ratio information unless otherwise stated.

•

Life is organized into six reporting segments: The Retail Products Group (“Retail”), Individual Life, Retirement Plans, Group Benefits, Institutional Solutions Group (“Institutional”) and International. Life also includes in an Other category its leveraged PPLI product line of business; corporate items not directly allocated to any of its reportable operating segments; the mark-to-market adjustment for the equity securities, trading, reported in net investment income and the related change in interest credited reported as a component of benefits, losses and loss adjustment expenses because these items are not considered by Life’s chief operating decision maker in evaluating the International results of operations; and inter-segment eliminations.

•

Property & Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of Personal Lines, Small Commercial, Middle Market and Specialty Commercial segments. Other Operations includes the underwriting results of certain property and casualty insurance operations that have discontinued writing new business and substantially all of the Company’s asbestos and environmental exposures. The profitability of the Personal Lines, Small Commercial, Middle Market and Specialty Commercial segments are evaluated primarily based on underwriting results. The Company allocates income and expense items not directly attributed to the underwriting segments, such as net investment income, net realized capital gains and losses, other expenses and income taxes, to Ongoing Operations and Other Operations, respectively. The profitability of Ongoing Operations and the Other Operations segment is evaluated primarily based on core earnings.

•

Corporate primarily includes the Company’s debt financing and related interest expense, as well as other capital raising, banking operations and certain purchase accounting adjustment activities.

•

Certain operating and statistical measures have been incorporated herein to provide supplemental data that indicate current trends in The Hartford’s business. These measures include sales, deposits, net flows, account value, insurance in-force and premium retention. Premium retention is defined as renewal premium written in the current period divided by total premium written in the prior period.

•

The Hartford, along with others in the property and casualty insurance industry, uses underwriting ratios as measures of performance. The loss and loss adjustment expense ratio is the ratio of losses and loss adjustment expenses to earned premiums. The expense ratio is the ratio of underwriting expenses (amortization of deferred policy acquisition costs, as well as other underwriting expenses) to earned premiums. The policyholder dividend ratio is the ratio of policyholder dividends to earned premiums. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. These ratios are relative measurements that describe the related cost of losses and expenses for every $100 of earned premiums. A combined ratio below 100 demonstrates underwriting profit; a combined ratio above 100 demonstrates underwriting losses. The catastrophe ratio (a component of the loss ratio) represents the ratio of catastrophe losses to earned premiums.

•

The Hartford, along with others in the life insurance industry, uses underwriting ratios as measures of the Group Benefits segment’s performance. The loss ratio is the ratio of total benefits, losses and loss adjustment expenses, excluding buyouts, to total premiums and other considerations excluding buyout premiums. The expense ratio is the ratio of insurance operating costs and other expenses to total premiums and other considerations excluding buyout premiums.

•

Accumulated other comprehensive income (“AOCI”) represents net of tax unrealized gain (loss) on available-for-sale securities; other than temporary impairment losses recognized in AOCI; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and pension and other postretirement adjustments.

•

Noncontrolling interest (“NCI”) represents the minority interest portion of the equity of a subsidiary that is not attributable, directly or indirectly, to The Hartford.

•

Assets under management is a measure used by the Company because a significant portion of the Company’s revenues are based upon asset values. These revenues increase or decrease with a rise or fall in the amount of assets under management whether caused by changes in the market or through net flow.

•

Assets under administration represents the client asset base of the Company’s recordkeeping business for which revenues are predominately based on the number of plan participants. Unlike assets under management, increases or decreases in assets under administration do not have a direct corresponding increase or decrease to the Company’s revenues.

•

Yields are calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.

•

Certain reclassifications have been made to the prior periods to conform to the December 31, 2009 presentation.

•

NM — Not meaningful means increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION (CONTINUED)

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES

•

The Hartford uses non-GAAP and other financial measures in this Investor Financial Supplement to assist investors in analyzing the Company’s operating performance for the periods presented herein. Because The Hartford’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford’s non-GAAP and other financial measures to those of other companies.

•

The Hartford uses the non-GAAP financial measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that the measure core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by the net effect of certain realized capital gains and losses. Some realized capital gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses (net of tax and the effects of deferred policy acquisition costs (“DAC”)) that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives and net periodic settlements on the Japan fixed annuity cross-currency swap. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Core earnings is also used by management to assess our operating performance and is one of the measures considered in determining incentive compensation for our managers. Net income is the most directly comparable GAAP measure. Core earnings should not be considered as a substitute for net income and does not reflect the overall profitability of our business. Therefore, The Hartford believes that it is useful for investors to evaluate both net income and core earnings when reviewing the Company’s performance. A reconciliation of net income to core earnings for the periods presented herein is set forth on page C-2.

•

Core earnings per share is calculated based on the non-GAAP financial measure core earnings. The Hartford believes that the measure core earnings per share provides investors with a valuable measure of the Company’s operating performance for many of the same reasons applicable to its underlying measure, core earnings. Net income per share is the most directly comparable GAAP measure. Core earnings per share should not be considered as a substitute for net income per share and does not reflect the overall profitability of our business. Therefore, the Hartford believes that it is useful for investors to evaluate both net income per share and core earnings per share when reviewing our performance. A reconciliation of net income per share to core earnings per share for the periods presented herein is set forth on page C-8.

•

Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s property and casualty operations. Because written premiums represents the amount of premium charged for policies issued, net of reinsurance, during a fiscal period, The Hartford believes it is useful to investors because it reflects current trends in The Hartford’s sale of property and casualty insurance products. Earned premiums, the most directly comparable GAAP measure, represents all premiums that are recognized as revenues during a fiscal period. The difference between written premiums and earned premiums is attributable to the change in unearned premium reserves. A reconciliation of written premiums to earned premiums for the periods presented herein is set forth at page PC-2.

•

The Hartford’s management evaluates profitability of the Personal Lines, Small Commercial, Middle Market and Specialty Commercial underwriting segments primarily on the basis of underwriting results. Underwriting results is a before-tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income is the most directly comparable GAAP measure. Underwriting results are influenced significantly by earned premium growth and the adequacy of The Hartford’s pricing. Underwriting profitability over time is also greatly influenced by The Hartford’s underwriting discipline, which seeks to manage exposure to loss through favorable risk selection and diversification, its management of claims, its use of reinsurance and its ability to manage its expense ratio, which it accomplishes through economies of scale and its management of acquisition costs and other underwriting expenses. The Hartford believes that underwriting results provides investors with a valuable measure of before-tax profitability derived from underwriting activities, which are managed separately from the Company’s investing activities. Underwriting results is also presented for Ongoing Operations, Other Operations and total Property & Casualty. A reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations is set forth on pages PC-2, PC-3 and PC-11, respectively.

•

A catastrophe is a severe loss, resulting from natural or manmade events, including risks such as fire, earthquake, windstorm, explosion, terrorist attack and similar events. Each catastrophe has unique characteristics. Catastrophes are not predictable as to timing or loss amount in advance, and therefore their effects are not included in earnings or losses and loss adjustment expense reserves prior to occurrence. The Hartford believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings.

•

Underwriting results before catastrophes and prior year development is a non-GAAP financial measure because it excludes the effects of catastrophes, prior year development and the reduction in earned premiums relating to retrospectively rated policies. The Company believes that this measure is useful to investors as an additional measure of Property & Casualty’s current operations, because it excludes the effect of items relating to prior periods. Net income is the most directly comparable GAAP measure. A reconciliation of the adjusted underwriting results to underwriting results and net income for the periods presented herein are set forth on page C-2a.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION (CONTINUED)

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES (CONTINUED)

•

Book value per common share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) common stockholders’ equity, excluding AOCI, net of tax, by (b) common shares outstanding plus assumed conversion of outstanding convertible preferred shares to common. The Hartford provides book value per common share excluding AOCI to enable investors to analyze the amount of the Company’s net worth that is primarily attributable to the Company’s business operations. The Hartford believes book value per common share, excluding AOCI, is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per common share is the most directly comparable GAAP measure. A reconciliation of book value per common share to book value per common share, excluding AOCI, for the periods presented herein is set forth at page C-1.

•

The Hartford provides different measures of the return on common equity (“ROE”) of the Company. ROE (core earnings last twelve months to common equity, excluding AOCI), is calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to common equity, excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average common stockholders’ equity, excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non-GAAP core earnings financial measures for the reasons set forth in the related discussion above. The Hartford excludes AOCI in the calculation of these return-on-equity measures to provide investors with a measure of how effectively the Company is investing the portion of the Company’s net worth that is primarily attributable to the Company’s business operations. ROE (net income last twelve months to common equity, including AOCI) is the most directly comparable GAAP measure. A reconciliation of the non-GAAP return-on-equity measures for the periods presented herein to ROE (net income last twelve months to common equity, including AOCI) is set forth at page C-11.

iii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
HIGHLIGHTS
Net income (loss)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)	$	557		NM			NM			$	(2,749	)	$	(887	)		68	%
Core earnings (losses)	$	(208	)	$	(1,175	)	$	622		$	660		$	689		NM				4	%	$	858		$	796			(7	%)
Total revenues [1]	$	565		$	5,394		$	7,637		$	5,230		$	6,440		NM				23	%	$	9,219		$	24,701			168	%
Total assets	$	287,583		$	276,168		$	289,700		$	316,720		$	307,717			7	%		(3	%)
Total assets under management [2]	$	345,451		$	330,187		$	352,074		$	386,996		$	380,834			10	%		(2	%)

PER SHARE AND SHARES DATA [3]
Basic earnings per common share
Net income (loss) available to common shareholders	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	1.29		NM			NM			$	(8.99	)	$	(2.93	)		67	%
Core earnings (losses) available to common shareholders	$	(0.72	)	$	(3.66	)	$	1.90		$	1.68		$	1.64		NM				(2	%)	$	2.75		$	1.93			(30	%)
Diluted earnings (losses) per common share
Net income (loss) available to common shareholders	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	1.19		NM			NM			$	(8.99	)	$	(2.93	)		67	%
Core earnings (losses) available to common shareholders	$	(0.72	)	$	(3.66	)	$	1.90		$	1.56		$	1.51		NM				(3	%)	$	2.74		$	1.85			(32	%)
Weighted average common shares outstanding (basic)		300.2			320.8			325.4			356.1			382.7		82.5		sh	26.6		sh		306.7			346.3		39.6		sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		320.9			321.5			326.6			382.5			416.2		95.3		sh	33.7		sh		313.0			361.8		48.8		sh
Common shares outstanding assuming conversion of outstanding convertible preferred shares to common		324.8			325.4			326.7			383.0			383.0		58.2		sh	—		sh		324.8			383.0		58.2		sh
Book value per common share	$	28.53		$	24.15		$	32.20		$	37.90		$	38.92			36	%		3	%
Per common share impact of AOCI	$	(23.16	)	$	(23.98	)	$	(20.24	)	$	(8.40	)	$	(8.64	)		63	%		(3	%)
Book value per common share (excluding AOCI)	$	51.69		$	48.13		$	52.44		$	46.30		$	47.56			(8	%)		3	%
Book value per diluted share										$	34.64		$	35.96
Common shares outstanding and dilutive potential common shares											419.1			414.5

FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [4]		(19.3	%)		(31.9	%)		(34.2	%)		(17.2	%)		(8.4	%)		10.9			8.8
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [4]		4.7	%		(6.2	%)		(6.5	%)		(1.0	%)		3.8	%		(0.9	)		4.8
Debt to capitalization, including AOCI		40.2	%		44.0	%		30.3	%		25.1	%		24.6	%		(15.6	)		(0.5	)
Annualized investment yield, after-tax		2.2	%		2.6	%		2.9	%		2.9	%		2.9	%		0.7			—			3.2	%		2.8	%		(0.4	)
Ongoing Property & Casualty GAAP combined ratio		77.6			89.9			93.7			93.0			85.1			(7.5	)		7.9			90.7			90.4			0.3


[1]		Total revenues of The Hartford are impacted by net investment income and mark-to-market effects of equity securities, trading, supporting the international variable annuity business, which have corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses. See pages C-3 and C-4 for the impact to total revenues along with the corresponding amounts in benefits, losses and loss adjustment expenses in the three months and year ended December 31, 2008 and 2009.

[2]		Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-5).

[3]		See page C-8 for computation of basic and diluted earnings (losses) per common share.

[4]		See page C-11 for a computation of return-on-equity measures.

C-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
OPERATING RESULTS BY SEGMENT
(A reconciliation of core earnings (losses) to net income (loss) for each of the segments is set forth on the respective segment pages contained in this supplement.)


																Year over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
LIFE
Retail Products Group
Individual Annuity	$	(198	)	$	(924	)	$	307		$	313		$	212		NM				(32	%)	$	(387	)	$	(92	)		76	%
Mutual Funds		(2	)		1			5			11			17		NM				55	%		38			34			(11	%)

Total Retail Products Group		(200	)		(923	)		312			324			229		NM				(29	%)		(349	)		(58	)		83	%

Individual Life		26			—			43			28			30			15	%		7	%		118			101			(14	%)

Group Benefits		90			66			41			85			79			(12	%)		(7	%)		345			271			(21	%)

Retirement Plans		(3	)		(54	)		6			15			(1	)		67	%	NM				11			(34	)	NM

International Markets Group		(110	)		(455	)		142			81			54		NM				(33	%)		(54	)		(178	)	NM

Institutional Solutions Group		(40	)		(20	)		(5	)		(7	)		(8	)		80	%		(14	%)		10			(40	)	NM

Other [1]		(24	)		5			(46	)		(27	)		2		NM			NM				(40	)		(66	)		(65	%)

Total Life core earnings (losses) [1][2][3]		(261	)		(1,381	)		493			499			385		NM				(23	%)		41			(4	)	NM

PROPERTY & CASUALTY
Ongoing Operations Underwriting Results
Personal Lines		202			75			(10	)		(11	)		66			(67	%)	NM				280			120			(57	%)
Small Commercial		167			87			74			90			144			(14	%)		60	%		437			395			(10	%)
Middle Market		148			69			56			61			72			(51	%)		18	%		169			258			53	%
Specialty Commercial		58			23			36			30			81			40	%		170	%		71			170			139	%

Total Ongoing Operations underwriting results		575			254			156			170			363			(37	%)		114	%		957			943			(1	%)
Net servicing income		10			8			7			10			12			20	%		20	%		31			37			19	%
Net investment income		127			185			239			254			265			109	%		4	%		1,056			943			(11	%)
Periodic net coupon settlements on credit derivatives, before-tax		(3	)		(3	)		(4	)		(3	)		(2	)		33	%		33	%		2			(12	)	NM
Other expenses		(39	)		(50	)		(48	)		(47	)		(78	)		(100	%)		(66	%)		(219	)		(223	)		(2	%)
Income tax expense		(236	)		(97	)		(87	)		(106	)		(181	)		23	%		(71	%)		(552	)		(471	)		15	%

Ongoing Operations core earnings		434			297			263			278			379			(13	%)		36	%		1,275			1,217			(5	%)

Other Operations core earnings (losses) [4]		18			24			(51	)		(32	)		(1	)	NM				97	%		42			(60	)	NM


Total Property & Casualty core earnings		452			321			212			246			378			(16	%)		54	%		1,317			1,157			(12	%)

Total Corporate core losses [1][3]		(399	)		(115	)		(83	)		(85	)		(74	)		81	%		13	%		(500	)		(357	)		29	%


CONSOLIDATED
Core earnings (losses)		(208	)		(1,175	)		622			660			689		NM				4	%		858			796			(7	%)
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [5][6]		(598	)		(34	)		(637	)		(880	)		(132	)		78	%		85	%		(3,607	)		(1,683	)		53	%

Net income (loss)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)	$	557		NM			NM			$	(2,749	)	$	(887	)		68	%


PER SHARE DATA [7]
Diluted earnings (losses) per common share
Core earnings (losses) available to common shareholders	$	(0.72	)	$	(3.66	)	$	1.90		$	1.56		$	1.51		NM				(3	%)	$	2.74		$	1.85			(32	%)
Net income (loss) available to common shareholders	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	1.19		NM			NM			$	(8.99	)	$	(2.93	)		67	%


[1]		Included in Life are the after-tax restructuring charges of $54, $18 and $17 recorded in the three months ended June 30, 2009, September 30, 2009 and December 31, 2009, respectively. Also, included in Corporate are the after-tax restructuring charges of $4 and $4 recorded in the three months ended September 30, 2009 and December 31, 2009, respectively.

[2]		Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008, for the effect of the triggering of the guaranteed minimum income benefit for the 3Win product on amortization of deferred policy acquisition costs and policyholder benefits and additional 3Win related charges recorded in the three months ended March 31, 2009, of $40. See page L-26 for additional information on the 3Win Trigger.

[3]		As a result of goodwill testing performed during the three months ended December 31, 2008, the Company wrote off goodwill of $274 and $323, after-tax, in Life and Corporate, respectively. Goodwill testing during the three months ended March 31, 2009 resulted in a goodwill impairment of $32 in Corporate.

[4]		The year ended December 31, 2008 included an asbestos reserve increase of $33, after-tax, and an environmental reserve increase of $34, after-tax. The three months ended June 30, 2009 included an asbestos reserve increase of $90, after-tax, partially offset by a decrease in the allowance for uncollectible reinsurance of $13, after-tax. The three months ended September 30, 2009 included an environmental reserve increase of $49, after-tax. The three months ended December 31, 2009 included an unallocated loss adjustment expense reserve increase of $16, after-tax.

[5]		Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.

[6]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

[7]		See page C-8 for reconciliation of net income (loss) per common share to core earnings (losses) per common share.

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF OPERATING RESULTS BY SEGMENT
(A reconciliation of core earnings (losses) to net income (loss) for each of the segments is set forth on the respective segment pages contained in this supplement.)


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
LIFE
Retail Products Group
Individual Annuity	$	(198	)	$	65		$	61		$	89		$	122		NM				37	%	$	334		$	337			1	%
Mutual Funds		(2	)		1			5			11			17		NM				55	%		39			34			(13	%)

Total Retail Products Group		(200	)		66			66			100			139		NM				39	%		373			371			(1	%)

Individual Life		26			26			41			50			33			27	%		(34	%)		155			150			(3	%)

Group Benefits		90			66			41			85			79			(12	%)		(7	%)		345			271			(21	%)

Retirement Plans		(3	)		—			6			8			(2	)		33	%	NM				59			12			(80	%)

International Markets Group		(110	)		(31	)		32			58			64		NM				10	%		71			123			73	%

Institutional Solutions Group		(40	)		(20	)		(5	)		(6	)		(8	)		80	%		(33	%)		10			(39	)	NM

Other [1]		(24	)		5			(46	)		(27	)		2		NM			NM				(40	)		(66	)		(65	%)

Total Life core earnings (losses) excluding DAC unlock [1][2][3]		(261	)		112			135			268			307		NM				15	%		973			822			(16	%)
DAC Unlock		—			(1,493	)		358			231			78		NM				(66	%)		(932	)		(826	)		11	%

Total Life core earnings (losses) [1][2][3]		(261	)		(1,381	)		493			499			385		NM				(23	%)		41			(4	)	NM

PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		130			127			100			54			34			(74	%)		(37	%)		499			315			(37	%)
Small Commercial		157			98			107			90			108			(31	%)		20	%		478			403			(16	%)
Middle Market		79			27			42			15			19			(76	%)		27	%		154			103			(33	%)
Specialty Commercial		11			(1	)		(10	)		(9	)		20			82	%	NM				38			—			(100	%)

Total Ongoing Operations underwriting results before catastrophes and prior year development		377			251			239			150			181			(52	%)		21	%		1,169			821			(30	%)
Catastrophes, excluding prior year development [4]		3			(65	)		(142	)		(115	)		16		NM			NM				(574	)		(306	)		47	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		6			(5	)		3			9			10			67	%		11	%		29			17			(41	%)
Other loss and loss adjustment expenses		189			73			56			126			156			(17	%)		24	%		333			411			23	%

Total Ongoing Operations underwriting results		575			254			156			170			363			(37	%)		114	%		957			943			(1	%)
Net servicing income		10			8			7			10			12			20	%		20	%		31			37			19	%
Net investment income		127			185			239			254			265			109	%		4	%		1,056			943			(11	%)
Periodic net coupon settlements on credit derivatives, before-tax		(3	)		(3	)		(4	)		(3	)		(2	)		33	%		33	%		2			(12	)	NM
Other expenses		(39	)		(50	)		(48	)		(47	)		(78	)		(100	%)		(66	%)		(219	)		(223	)		(2	%)
Income tax expense		(236	)		(97	)		(87	)		(106	)		(181	)		23	%		(71	%)		(552	)		(471	)		15	%

Ongoing Operations core earnings		434			297			263			278			379			(13	%)		36	%		1,275			1,217			(5	%)

Other Operations core earnings (losses) [5]		18			24			(51	)		(32	)		(1	)	NM				97	%		42			(60	)	NM


Total Property & Casualty core earnings		452			321			212			246			378			(16	%)		54	%		1,317			1,157			(12	%)

CORPORATE
Total Corporate core losses [1][3]		(399	)		(115	)		(83	)		(85	)		(74	)		81	%		13	%		(500	)		(357	)		29	%


CONSOLIDATED
Core earnings (losses)		(208	)		(1,175	)		622			660			689		NM				4	%		858			796			(7	%)
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [6][7]		(598	)		(34	)		(637	)		(880	)		(132	)		78	%		85	%		(3,607	)		(1,683	)		53	%

Net income (loss)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)	$	557		NM			NM			$	(2,749	)	$	(887	)		68	%


[1]		Included in Life are the after-tax restructuring charges of $54, $18 and $17 recorded in the three months ended June 30, 2009, September 30, 2009 and December 31, 2009, respectively. Also, included in Corporate are the after-tax restructuring charges of $4 and $4 recorded in the three months ended September 30, 2009 and December 31, 2009, respectively.

[2]		Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008, for the effect of the triggering of the guaranteed minimum income benefit for the 3Win product on amortization of deferred policy acquisition costs and policyholder benefits and additional 3Win related charges recorded in the three months ended March 31, 2009, of $40. See page L-26 for additional information on the 3Win Trigger.

[3]		As a result of goodwill testing performed during the three months ended December 31, 2008, the Company wrote off goodwill of $274 and $323, after-tax, in Life and Corporate, respectively. Goodwill testing during the three months ended March 31, 2009, resulted in a goodwill impairment of $32 in Corporate.

[4]		The year ended December 31, 2008, included catastrophe treaty reinstatement premium, catastrophe losses, and assessments from the Texas Windstorm Insurance Association, totaling $258, primarily related to hurricane Ike.

[5]		The year ended December 31, 2008, included an asbestos reserve increase of $33, after-tax, and an environmental reserve increase of $34, after-tax. The three months ended June 30, 2009 included an asbestos reserve increase of $90, after-tax, partially offset by a decrease in the allowance for uncollectible reinsurance of $13, after-tax. The three months ended September 30, 2009 included an environmental reserve increase of $49, after-tax. The three months ended December 31, 2009 included an unallocated loss adjustment expense reserve increase of $16, after-tax.

[6]		Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.

[7]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED DECEMBER 31, 2008 AND 2009


	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	1,296		$	1,063			(18	%)	$	2,570		$	2,441			(5	%)	$	—		$	—			—		$	3,866		$	3,504			(9	%)
Fee income		1,076			1,204			12	%		—			—			—			3			3			—			1,079			1,207			12	%
Net investment income:
Securities available-for-sale and other		638			727			14	%		162			307			90	%		9			7			(22	%)		809			1,041			29	%
Equity securities, trading [1]		(4,500	)		751		NM				—			—			—			—			—			—			(4,500	)		751		NM

Total net investment income		(3,862	)		1,478		NM				162			307			90	%		9			7			(22	%)		(3,691	)		1,792		NM
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(309	)		(576	)		(86	%)		(108	)		(69	)		36	%		(2	)		—			100	%		(419	)		(645	)		(54	%)
OTTI losses recognized in other comprehensive income		—			203		NM				—			8		NM				—			—			—			—			211		NM

Net OTTI losses recognized in earnings		(309	)		(373	)		(21	%)		(108	)		(61	)		44	%		(2	)		—			100	%		(419	)		(434	)		(4	%)
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(369	)		(25	)		93	%		(138	)		258		NM				110			7			(94	%)		(397	)		240		NM

Total net realized capital gains (losses)		(678	)		(398	)		41	%		(246	)		197		NM				108			7			(94	%)		(816	)		(194	)		76	%
Other revenues		—			—			—			127			131			3	%		—			—			—			127			131			3	%

Total revenues		(2,168	)		3,347		NM				2,613			3,076			18	%		120			17			(86	%)		565			6,440		NM

Benefits, losses and loss adjustment expenses		1,858			1,587			(15	%)		1,293			1,445			12	%		—			—			—			3,151			3,032			(4	%)
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		(4,500	)		751		NM				—			—			—			—			—			—			(4,500	)		751		NM
Amortization of deferred policy acquisition costs and present value of future profits		542			137			(75	%)		528			510			(3	%)		—			—			—			1,070			647			(40	%)
Insurance operating costs and expenses		786			780			(1	%)		181			167			(8	%)		—			—			—			967			947			(2	%)
Interest expense		—			—			—			—			—			—			115			119			3	%		115			119			3	%
Goodwill impairment		422			—			(100	%)		—			—			—			323			—			(100	%)		745			—			(100	%)
Other expenses [2]		(4	)		18		NM				158			197			25	%		14			1			(93	%)		168			216			29	%

Total benefits and expenses		(896	)		3,273		NM				2,160			2,319			7	%		452			120			(73	%)		1,716			5,712		NM

Income (loss) before income taxes		(1,272	)		74		NM				453			757			67	%		(332	)		(103	)		69	%		(1,151	)		728		NM

Income tax expense (benefit)		(465	)		(44	)		91	%		162			249			54	%		(42	)		(34	)		19	%		(345	)		171		NM


Net income (loss)		(807	)		118		NM				291			508			75	%		(290	)		(69	)		76	%		(806	)		557		NM

Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses) [3]		(546	)		(267	)		51	%		(161	)		130		NM				109			5			(95	%)		(598	)		(132	)		78	%


Core earnings (losses)	$	(261	)	$	385		NM			$	452		$	378			(16	%)	$	(399	)	$	(74	)		81	%	$	(208	)	$	689		NM


[1]		Includes investment income and mark-to-market effects of equity securities, trading, supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.

[2]		The three months ended December 31, 2008 included $(22), $(6), and $28 in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

[3]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2008 AND 2009


	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	5,165		$	4,563			(12	%)	$	10,338		$	9,861			(5	%)	$	—		$	—			—		$	15,503		$	14,424			(7	%)
Fee income		5,118			4,563			(11	%)		—			—			—			17			13			(24	%)		5,135			4,576			(11	%)
Net investment income (loss):
Securities available-for-sale and other		3,045			2,903			(5	%)		1,253			1,106			(12	%)		37			22			(41	%)		4,335			4,031			(7	%)
Equity securities, trading [1]		(10,340	)		3,188		NM				—			—			—			—			—			—			(10,340	)		3,188		NM

Total net investment income (loss)		(7,295	)		6,091		NM				1,253			1,106			(12	%)		37			22			(41	%)		(6,005	)		7,219		NM
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(2,424	)		(1,843	)		24	%		(1,533	)		(345	)		77	%		(7	)		(3	)		57	%		(3,964	)		(2,191	)		45	%
OTTI losses recognized in other comprehensive income		—			566		NM				—			117		NM				—			—			—			—			683		NM

Net OTTI losses recognized in earnings		(2,424	)		(1,277	)		47	%		(1,533	)		(228	)		85	%		(7	)		(3	)		57	%		(3,964	)		(1,508	)		62	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(1,714	)		(211	)		88	%		(344	)		(66	)		81	%		104			(225	)	NM				(1,954	)		(502	)		74	%

Total net realized capital gains (losses)		(4,138	)		(1,488	)		64	%		(1,877	)		(294	)		84	%		97			(228	)	NM				(5,918	)		(2,010	)		66	%
Other revenues		—			—			—			504			492			(2	%)		—			—			—			504			492			(2	%)

Total revenues		(1,150	)		13,729		NM				10,218			11,165			9	%		151			(193	)	NM				9,219			24,701			168	%

Benefits, losses and loss adjustment expenses		7,381			7,421			1	%		6,707			6,410			(4	%)		—			—			—			14,088			13,831			(2	%)
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		(10,340	)		3,188		NM				—			—			—			—			—			—			(10,340	)		3,188		NM
Amortization of deferred policy acquisition costs and present value of future profits		2,176			2,201			1	%		2,095			2,066			(1	%)		—			—			—			4,271			4,267			—
Insurance operating costs and expenses		3,269			3,046			(7	%)		724			703			(3	%)		—			—			—			3,993			3,749			(6	%)
Interest expense		2			—			(100	%)		—			—			—			341			476			40	%		343			476			39	%
Goodwill impairment		422			—			(100	%)		—			—			—			323			32			(90	%)		745			32			(96	%)
Other expenses [2]		29			155		NM				695			678			(2	%)		(14	)		53		NM				710			886			25	%

Total benefits and expenses		2,939			16,011		NM				10,221			9,857			(4	%)		650			561			(14	%)		13,810			26,429			91	%

Income (loss) before income taxes		(4,089	)		(2,282	)		44	%		(3	)		1,308		NM				(499	)		(754	)		(51	%)		(4,591	)		(1,728	)		62	%

Income tax expense (benefit)		(1,646	)		(995	)		40	%		(95	)		325		NM				(101	)		(171	)		(69	%)		(1,842	)		(841	)		54	%


Net income (loss)		(2,443	)		(1,287	)		47	%		92			983		NM				(398	)		(583	)		(46	%)		(2,749	)		(887	)		68	%

Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses) [3]		(2,484	)		(1,283	)		48	%		(1,225	)		(174	)		86	%		102			(226	)	NM				(3,607	)		(1,683	)		53	%


Core earnings (losses)	$	41		$	(4	)	NM			$	1,317		$	1,157			(12	%)	$	(500	)	$	(357	)		29	%	$	858		$	796			(7	%)


[1]		Includes investment income and mark-to-market effects of equity securities, trading, supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.

[2]		The year ended December 31, 2008 included $(10), $25, and $(15) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

[3]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2008 AND 2009


	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Dec. 31,						Dec. 31,			Dec. 31,						Dec. 31,			Dec. 31,						Dec. 31,			Dec. 31,
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	45,182		$	46,912			4	%	$	19,775		$	23,911			21	%	$	155		$	330			113	%	$	65,112		$	71,153			9	%
Equity securities, trading, at fair value		30,820			32,321			5	%		—			—			—			—			—			—			30,820			32,321			5	%
Equity securities, available-for-sale, at fair value		711			680			(4	%)		674			453			(33	%)		73			88			21	%		1,458			1,221			(16	%)
Mortgage loans		5,684			5,002			(12	%)		785			671			(15	%)		—			265		NM				6,469			5,938			(8	%)
Policy loans, at outstanding balance		2,208			2,174			(2	%)		—			—			—			—			—			—			2,208			2,174			(2	%)
Limited partnerships and other alternative investments		1,129			845			(25	%)		1,166			945			(19	%)		—			—			—			2,295			1,790			(22	%)
Other investments		1,473			457			(69	%)		207			93			(55	%)		43			52			21	%		1,723			602			(65	%)
Short-term investments		6,937			7,079			2	%		1,597			1,283			(20	%)		1,488			1,995			34	%		10,022			10,357			3	%

Total investments		94,144			95,470			1	%		24,204			27,356			13	%		1,759			2,730			55	%		120,107			125,556			5	%
Cash		1,648			1,898			15	%		162			240			48	%		1			4		NM				1,811			2,142			18	%
Premiums receivable and agents’ balances		407			396			(3	%)		3,197			3,008			(6	%)		—			—			—			3,604			3,404			(6	%)
Reinsurance recoverables		2,918			2,190			(25	%)		3,439			3,194			(7	%)		—			—			—			6,357			5,384			(15	%)
Deferred policy acquisition costs and present value of future profits		11,988			9,423			(21	%)		1,260			1,263			—			—			—			—			13,248			10,686			(19	%)
Deferred income taxes		2,183			1,679			(23	%)		2,435			1,468			(40	%)		621			793			28	%		5,239			3,940			(25	%)
Goodwill		462			470			2	%		149			149			—			449			585			30	%		1,060			1,204			14	%
Property and equipment, net		400			322			(20	%)		675			685			1	%		—			19		NM				1,075			1,026			(5	%)
Other assets		3,557			2,492			(30	%)		1,159			1,039			(10	%)		182			450			147	%		4,898			3,981			(19	%)
Separate account assets		130,184			150,394			16	%		—			—			—			—			—			—			130,184			150,394			16	%


Total assets	$	247,891		$	264,734			7	%	$	36,680		$	38,402			5	%	$	3,012		$	4,581			52	%	$	287,583		$	307,717			7	%


Future policy benefits, unpaid losses and loss adjustment expenses	$	16,747		$	17,980			7	%	$	21,933		$	21,651			(1	%)	$	—		$	—			—		$	38,680		$	39,631			2	%
Other policyholder funds and benefits payable		53,753			45,852			(15	%)		—			—			—			—			—			—			53,753			45,852			(15	%)
Other policyholder funds and benefits payable - International variable annuities		30,799			32,296			5	%		—			—			—			—			—			—			30,799			32,296			5	%
Unearned premiums		138			168			22	%		5,244			5,055			(4	%)		(3	)		(2	)		33	%		5,379			5,221			(3	%)
Debt		92			68			(26	%)		—			—			—			6,129			5,771			(6	%)		6,221			5,839			(6	%)
Consumer notes		1,210			1,136			(6	%)		—			—			—			—			—			—			1,210			1,136			(6	%)
Other liabilities		7,297			5,284			(28	%)		2,914			2,113			(27	%)		1,786			2,057			15	%		11,997			9,454			(21	%)
Separate account liabilities		130,184			150,394			16	%		—			—			—			—			—			—			130,184			150,394			16	%

Total liabilities		240,220			253,178			5	%		30,091			28,819			(4	%)		7,912			7,826			(1	%)		278,223			289,823			4	%


Common equity excluding AOCI		12,095			13,254			10	%		8,675			10,103			16	%		(3,982	)		(5,140	)		(29	%)		16,788			18,217			9	%
Preferred stock		—			—			—			—			—			—			—			2,960		NM				—			2,960		NM
AOCI, net of tax		(4,516	)		(1,727	)		62	%		(2,086	)		(520	)		75	%		(918	)		(1,065	)		(16	%)		(7,520	)		(3,312	)		56	%

Total stockholders’ equity		7,579			11,527			52	%		6,589			9,583			45	%		(4,900	)		(3,245	)		34	%		9,268			17,865			93	%
Noncontrolling Interest		92			29			(68	%)		—			—			—			—			—			—			92			29			(68	%)

Total equity		7,671			11,556			51	%		6,589			9,583			45	%		(4,900	)		(3,245	)		34	%		9,360			17,894			91	%


Total liabilities and equity	$	247,891		$	264,734			7	%	$	36,680		$	38,402			5	%	$	3,012		$	4,581			52	%	$	287,583		$	307,717			7	%

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE


																Year Over
																Year			Sequential
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2008			2009			2009			2009			2009			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	398		$	419		$	342		$	342		$	343			(14	%)		—
Capital lease obligations		68			—			—			—			—			(100	%)		—
Senior notes		4,052			4,052			3,778			3,778			3,779			(7	%)		—
Junior subordinated debentures		1,703			1,705			1,712			1,715			1,717			1	%		—

Total debt [1]	$	6,221		$	6,176		$	5,832		$	5,835		$	5,839			(6	%)		—


STOCKHOLDERS’ EQUITY
Common stockholders’ equity, excluding AOCI, net of tax	$	16,788		$	15,661		$	17,131		$	17,733		$	18,217			9	%		3	%
Preferred stock		—			—			2,921			2,940			2,960		NM				1	%
AOCI, net of tax		(7,520	)		(7,801	)		(6,610	)		(3,217	)		(3,312	)		56	%		(3	%)


Total stockholders’ equity	$	9,268		$	7,860		$	13,442		$	17,456		$	17,865			93	%		2	%


CAPITALIZATION
Total capitalization, including AOCI, net of tax	$	15,489		$	14,036		$	19,274		$	23,291		$	23,704			53	%		2	%

Total capitalization, excluding AOCI, net of tax	$	23,009		$	21,837		$	25,884		$	26,508		$	27,016			17	%		2	%


DEBT TO CAPITALIZATION RATIOS [1]

Ratio, Including AOCI

Total debt to capitalization		40.2	%		44.0	%		30.3	%		25.1	%		24.6	%		(15.6	)		(0.5	)

Ratios, Excluding AOCI

Total debt to capitalization		27.0	%		28.3	%		22.5	%		22.0	%		21.6	%		(5.4	)		(0.4	)

Total adjusted debt to capitalization [2] [3] [4] [5] [6]		27.7	%		28.8	%		32.7	%		31.9	%		31.9	%		4.2			—


[1]		The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $1,210, $1,202, $1,199, $1,193 and $1,136 as of December 31, 2008, March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009, respectively.

[2]		Reflects a rating agency assignment in the leverage calculation of an estimate of the adjusted unfunded pension liability of the Company’s defined benefit plans and six times the Company’s rental expense on operating leases for total adjustments of $1.5 billion, $1.4 billion, $1.4 billion, $1.4 billion and $1.5 billion for the three months ended December 31, 2008, March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009, respectively.

[3]		Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the junior subordinated debentures.

[4]		Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the discount value of the Allianz transaction.

[5]		Reflects the assignment by certain rating agencies in the leverage calculation of 25% equity credit related to the preferred stock of the CPP transaction.

[6]		Reflects a rating agency assignment to adjust equity for pension related amounts that are included in AOCI.

C-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ACCUMULATED OTHER COMPREHENSIVE LOSS


				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED

As of December 31, 2009
Fixed maturities net unrealized loss	$	(1,399	)	$	(104	)	$	(1	)	$	(1,504	)
Equities net unrealized gain (loss)		(33	)		(42	)		2			(73	)
Other-than-temporary impairment losses recognized in AOCI		(168	)		(56	)		—			(224	)
Cumulative effect of accounting change, net of tax		(579	)		(333	)		—			(912	)
Net deferred gain on cash-flow hedging instruments		236			20			1			257

Total net unrealized gain (loss)		(1,943	)		(515	)		2			(2,456	)
Foreign currency translation adjustments		216			(17	)		—			199
Pension and other postretirement adjustment		—			12			(1,067	)		(1,055	)

Total accumulated other comprehensive loss	$	(1,727	)	$	(520	)	$	(1,065	)	$	(3,312	)


As of December 31, 2008
Fixed maturities net unrealized loss	$	(5,196	)	$	(2,221	)	$	(2	)	$	(7,419	)
Equities net unrealized gain (loss)		(148	)		85			(4	)		(67	)
Net deferred gain on cash-flow hedging instruments		611			31			2			644

Total net unrealized loss		(4,733	)		(2,105	)		(4	)		(6,842	)
Foreign currency translation adjustments		217			5			—			222
Pension and other postretirement adjustment		—			14			(914	)		(900	)

Total accumulated other comprehensive loss	$	(4,516	)	$	(2,086	)	$	(918	)	$	(7,520	)

C-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSSES) PER COMMON SHARE


	THREE MONTHS ENDED															YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2008			2009			2009			2009			2009			2008			2009
Numerator:
Net income (loss)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)	$	557		$	(2,749	)	$	(887	)
Less: preferred dividends and accretion of discount		8			—			3			62			62			8			127

Net income (loss) available to common shareholders		(814	)		(1,209	)		(18	)		(282	)		495			(2,757	)		(1,014	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1]		(598	)		(34	)		(637	)		(880	)		(132	)		(3,607	)		(1,683	)
Add: preferred dividends		—			—			—			—			—			8			—

Core earnings (losses) available to common shareholders		(216	)		(1,175	)		619			598			627			858			669

Denominator:
Weighted average common shares outstanding (basic)		300.2			320.8			325.4			356.1			382.7			306.7			346.3
Add: Weighted average common shares assuming conversion of outstanding preferred shares to common		20.1			—			—			—			—			5.0			—

Weighted average common assuming conversion of outstanding preferred shares to common (Core basic)		320.3			320.8			325.4			356.1			382.7			311.7			346.3
Dilutive effect of stock compensation		0.6			0.7			0.7			1.1			1.3			1.3			0.9
Dilutive effect of CPP Warrants [2]		—			—			0.5			25.3			32.0			—			14.6
Dilutive effect of Allianz warrants [3]		—			—			—			—			0.2			—			—

Weighted average common shares outstanding and dilutive potential common shares (diluted)		320.9			321.5			326.6			382.5			416.2			313.0			361.8

Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	1.29		$	(8.99	)	$	(2.93	)
Less: Difference arising from shares used for the denominator between net loss and core earnings		—			—			—			—			—			(0.14	)		—
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(1.99	)		(0.11	)		(1.96	)		(2.47	)		(0.35	)		(11.57	)		(4.86	)
Add: preferred dividends		—			—			—			—			—			0.03			—

Core earnings (losses) available to common shareholders [4]		(0.72	)		(3.66	)		1.90			1.68			1.64			2.75			1.93

Diluted earnings (losses) per common share [5]
Net income (loss) available to common shareholders	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	1.19		$	(8.99	)	$	(2.93	)
Less: Difference arising from shares used for the denominator between net loss and core earnings		—			—			—			—			—			(0.18	)		(0.13	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(1.99	)		(0.11	)		(1.96	)		(2.35	)		(0.32	)		(11.52	)		(4.65	)
Add: preferred dividends		—			—			—			—			—			0.03			—

Core earnings (losses) available to common shareholders		(0.72	)		(3.66	)		1.90			1.56			1.51			2.74			1.85


[1]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

[2]		The Hartford issued 52.1 million warrants to purchase The Hartford Common Stock to the U.S. Department of the Treasury on June 26, 2009 at a strike price of $9.79.

[3]		The Hartford issued 69.3 million warrants to purchase The Hartford Common Stock to Allianz on October 17, 2008 at a strike price of $25.25.

[4]		Due to the core loss for the quarter ended December 31, 2008, weighted average common shares outstanding of 300.2 million are used in the calculation of Core-Basic loss per share, since the preferred shareholders do not have a contractual obligation to fund the net losses of the Company.

[5]		As a result of anti-dilutive impact, in periods of a loss, weighted average common shares outstanding (basic) are used in the calculation of diluted earnings per share.

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC
THREE MONTHS ENDED DECEMBER 31, 2008 AND 2009


	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009		Change			2008			2009			Change
Net Realized Capital Gains (Losses), After-Tax and DAC

Gains/losses on sales, net	$	89		$	(115	)	NM			$	(109	)	$	178		NM			$	(1	)	$	5	NM			$	(21	)	$	68		NM
Net impairment losses		(196	)		(236	)		(20	%)		(70	)		(40	)		43	%		(1	)		—		100	%		(267	)		(276	)		(3	%)
Japanese fixed annuity contract hedges, net [1]		34			12			(65	%)		—			—			—			—			—		—			34			12			(65	%)
Results of variable annuity hedge program
GMWB derivatives, net [2]		(384	)		297		NM				—			—			—			—			—		—			(384	)		297		NM
Macro hedge program		28			(142	)	NM				—			—			—			—			—		—			28			(142	)	NM

Total results of variable annuity hedge program		(356	)		155		NM				—			—			—			—			—		—			(356	)		155		NM
Other net gain (loss) [3]		(128	)		(89	)		30	%		17			(10	)	NM				111			—		(100	%)		—			(99	)	NM


Total net realized capital gains (losses), after-tax and DAC	$	(557	)	$	(273	)		51	%	$	(162	)	$	128		NM			$	109		$	5		(95	%)	$	(610	)	$	(140	)		77	%

Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After-Tax and DAC

Total net realized capital losses	$	(557	)	$	(273	)		51	%	$	(162	)	$	128		NM			$	109		$	5		(95	%)	$	(610	)	$	(140	)		77	%
Less: total net realized capital gains (losses) included in core earnings (losses)		(11	)		(6	)		45	%		(1	)		(2	)		(100	%)		—			—		—			(12	)		(8	)		33	%

Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(546	)	$	(267	)		51	%	$	(161	)	$	130		NM			$	109		$	5		(95	%)	$	(598	)	$	(132	)		78	%


[1]		Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized loss of $33 and $8 would have been recognized as an adjustment to this amount in the three months ended December 31, 2008 and 2009, respectively.

[2]		Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure. The net gain for the three months ended December 31, 2009 was primarily due to gains resulting from liability model assumption updates of $260, the relative outperformance of the underlying actively managed funds as compared to their respective indices, a decrease in equity market volatility, an increase in interest rates, and the impact of the Company’s own credit spread for the year ended, partially offset by losses resulting from an increase in the equity markets.

[3]		Other net gain (loss) also includes changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, valuation allowances and other investment gains and losses recorded in Life, P&C, and Corporate for the three months ended December 31, 2009.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC
YEAR ENDED DECEMBER 31, 2008 AND 2009


	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Net Realized Capital Gains (Losses), After-Tax and DAC

Gains/losses on sales, net	$	16		$	(287	)	NM			$	(175	)	$	56		NM			$	(3	)	$	4		NM			$	(162	)	$	(227	)		(40	%)
Net impairment losses		(1,537	)		(809	)		47	%		(996	)		(149	)		85	%		(4	)		(2	)		50	%		(2,537	)		(960	)		62	%
Japanese fixed annuity contract hedges, net [1]		42			30			(29	%)		—			—			—			—			—			—			42			30			(29	%)
SFAS 157 transition impact [2]		(220	)		—			100	%		—			—			—			—			—			—			(220	)		—			100	%
Results of variable annuity hedge programs
GMWB derivatives, net [3]		(488	)		722		NM				—			—			—			—			—			—			(488	)		722		NM
Macro hedge program		38			(673	)	NM				—			—			—			—			—			—			38			(673	)	NM

Total results of variable annuity hedge programs		(450	)		49		NM				—			—			—			—			—			—			(450	)		49		NM
Other net gain (loss) [4]		(355	)		(295	)		17	%		(52	)		(89	)		(71	%)		109			(228	)	NM				(298	)		(612	)		(105	%)


Total net realized capital losses, after-tax and DAC	$	(2,504	)	$	(1,312	)		48	%	$	(1,223	)	$	(182	)		85	%	$	102		$	(226	)	NM			$	(3,625	)	$	(1,720	)		53	%

Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After-Tax and DAC

Total net realized capital gains (losses)	$	(2,504	)	$	(1,312	)		48	%	$	(1,223	)	$	(182	)		85	%	$	102		$	(226	)	NM			$	(3,625	)	$	(1,720	)		53	%
Less: total net realized capital losses included in core earnings (losses)		(20	)		(29	)		(45	%)		2			(8	)	NM				—			—			—			(18	)		(37	)		(106	%)

Total net realized capital gains (losses), after-tax and DAC, excluded from core earnings (losses)	$	(2,484	)	$	(1,283	)		48	%	$	(1,225	)	$	(174	)		86	%	$	102		$	(226	)	NM			$	(3,607	)	$	(1,683	)		53	%


[1]		Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized loss of $23 and $8 would have been recognized as an adjustment to this amount in the year ended December 31, 2008 and 2009, respectively.

[2]		Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.

[3]		Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure. The net gain for the year ended December 31, 2009 was primarily due to gains resulting from liability model assumption updates of $566, the relative outperformance of the underlying actively managed funds as compared to their respective indices, a decrease in equity market volatility, an increase in interest rates, and the impact of the Company’s own credit spread for the year ended, partially offset by losses resulting from an increase in the equity markets.

[4]		Other net gain (loss) includes approximately $300 in losses related to a contingent obligation associated with the Allianz transaction, recorded in Corporate for the three months ended June 30, 2009. Other net gain (loss) also includes changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, changes in fair value on warrants associated with the Allianz transaction, valuation allowances loans and other investment gains and losses recorded in Life, P&C, and Corporate for the year ended December 31, 2009.

C-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF RETURN-ON-EQUITY MEASURES


	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009

Numerator [1]:
Net loss available to common shareholders — last 12 months	$	(2,749	)	$	(4,103	)	$	(4,672	)	$	(2,323	)	$	(1,014	)
Core earnings (losses) available to common shareholders — last 12 months	$	858		$	(1,109	)	$	(1,194	)	$	(174	)	$	669

Denominator [2]:
Average common stockholders’ equity, including AOCI		14,236.0			12,848.0			13,672.5			13,536.5			12,086.5
Less: Average AOCI		(4,189.0	)		(5,013.0	)		(4,695.0	)		(3,686.0	)		(5,416.0	)

Average common stockholders’ equity, excluding AOCI		18,425.0			17,861.0			18,367.5			17,222.5			17,502.5

ROE (net loss last 12 months to common stockholders’ equity, including AOCI)		(19.3	%)		(31.9	%)		(34.2	%)		(17.2	%)		(8.4	%)
ROE (core earnings (losses) last 12 months to common stockholders’ equity, excluding AOCI)		4.7	%		(6.2	%)		(6.5	%)		(1.0	%)		3.8	%


[1]		For a reconciliation of net income (loss) to core earnings (losses), see page C-8.

[2]		Average equity is calculated by taking the sum of common stockholders’ equity at the beginning of the twelve month period and common stockholders’ equity at the end of the twelve month period and dividing by 2.

C-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC EXCLUDED FROM CORE EARNINGS [1]


																						Institutional
	Individual			Mutual			Individual			Group			Retirement									Solutions			Total Life												Total
	Annuity			Funds			Life			Benefits			Plans			Japan			International			Group			[2]			Ongoing			Other Ops			Total P&C			Corporate			Consolidated
*Three months ended December 31, 2008*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(595	)		—			(21	)		(26	)		(34	)		(218	)		(253	)		123			(675	)		(211	)		(32	)		(243	)		108			(810	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		125			—			6			—			(3	)		20			16			—			147			—			—			—			—			147
Less: Impacts of tax		(250	)		—			(10	)		(8	)		(11	)		(84	)		(81	)		42			(276	)		(74	)		(8	)		(82	)		(1	)		(359	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(470	)		—			(17	)		(18	)		(20	)		(154	)		(188	)		81			(546	)		(137	)		(24	)		(161	)		109			(598	)


*Three months ended March 31, 2009*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		486			—			(33	)		4			(57	)		260			253			(237	)		393			(286	)		(34	)		(320	)		42			115
Less: Impacts of deferred policy acquisition costs (“DAC”)		213			—			(4	)		—			(3	)		3			2			—			205			—			—			—			—			205
Less: Impacts of tax		95			(1	)		(11	)		1			(20	)		90			89			(83	)		65			(100	)		(11	)		(111	)		(10	)		(56	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		178			1			(18	)		3			(34	)		167			162			(154	)		123			(186	)		(23	)		(209	)		52			(34	)


*Three months ended June 30, 2009*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(5	)		—			(48	)		(41	)		(78	)		(55	)		(27	)		(93	)		(320	)		(76	)		2			(74	)		(274	)		(668	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		177			—			(7	)		—			(9	)		8			19			—			174			—			—			—			—			174
Less: Impacts of tax		(63	)		1			(14	)		(14	)		(23	)		(22	)		(23	)		(32	)		(177	)		(35	)		—			(35	)		7			(205	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(119	)		(1	)		(27	)		(27	)		(46	)		(41	)		(23	)		(61	)		(317	)		(41	)		2			(39	)		(281	)		(637	)


*Three months ended September 30, 2009*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(622	)		—			(33	)		(31	)		(88	)		(173	)		(160	)		(144	)		(1,125	)		(76	)		(11	)		(87	)		(3	)		(1,215	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		141			—			2			—			(12	)		13			18			—			145			—			—			—			—			145
Less: Impacts of tax		(267	)		—			(11	)		(11	)		(27	)		(65	)		(65	)		(50	)		(448	)		(27	)		(4	)		(31	)		(1	)		(480	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(496	)		—			(24	)		(20	)		(49	)		(121	)		(113	)		(94	)		(822	)		(49	)		(7	)		(56	)		(2	)		(880	)


*Three months ended December 31, 2009*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		149			—			(30	)		(53	)		(103	)		27			(26	)		(257	)		(390	)		184			15			199			7			(184	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		19			—			(4	)		—			(13	)		(12	)		(4	)		—			(3	)		—			—			—			—			(3	)
Less: Impacts of tax		45			—			(9	)		(19	)		(31	)		13			9			(91	)		(120	)		65			4			69			2			(49	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		85			—			(17	)		(34	)		(59	)		26			(31	)		(166	)		(267	)		119			11			130			5			(132	)


[1]		The above tables show the components of net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses). The impacts of DAC are calculated consistent with the Company’s accounting policy on amortization of DAC. The impacts of tax are calculated at an effective tax rate of 35% as applicable.

[2]		Total Life includes amounts recorded in Other Life which is not separately disclosed.

C-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC EXCLUDED FROM CORE EARNINGS [1]


																						Institutional
	Individual			Mutual			Individual			Group			Retirement									Solutions															Total
	Annuity			Funds			Life			Benefits			Plans			Japan			International			Group			Total Life[2]			Ongoing			Other Ops			Total P&C			Corporate			Consolidated
*Year ended December 31, 2008*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(1,908	)		(1	)		(250	)		(539	)		(268	)		(366	)		(421	)		(789	)		(4,134	)		(1,671	)		(208	)		(1,879	)		97			(5,916	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		(297	)		—			(2	)		—			(10	)		(16	)		(29	)		—			(337	)		—			—			—			—			(337	)
Less: Impacts of tax		(562	)		—			(87	)		(188	)		(90	)		(123	)		(121	)		(277	)		(1,313	)		(585	)		(69	)		(654	)		(5	)		(1,972	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(1,049	)		(1	)		(161	)		(351	)		(168	)		(227	)		(271	)		(512	)		(2,484	)		(1,086	)		(139	)		(1,225	)		102			(3,607	)


*Year ended December 31, 2009*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		8			—			(144	)		(121	)		(326	)		59			40			(731	)		(1,442	)		(254	)		(28	)		(282	)		(228	)		(1,952	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		550			—			(13	)		—			(37	)		12			35			—			521			—			—			—			—			521
Less: Impacts of tax		(190	)		—			(45	)		(43	)		(101	)		16			10			(256	)		(680	)		(97	)		(11	)		(108	)		(2	)		(790	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(352	)		—			(86	)		(78	)		(188	)		31			(5	)		(475	)		(1,283	)		(157	)		(17	)		(174	)		(226	)		(1,683	)


[1]		The above tables show the components of net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses). The impacts of DAC are calculated consistent with the Company’s accounting policy on amortization of DAC. The impacts of tax are calculated at an effective tax rate of 35% as applicable.

[2]		Total Life includes amounts recorded in Other Life which is not separately disclosed.

C-13

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
REVENUES
Retail Products Group
Individual Annuity [1]	$	548		$	581		$	496		$	561		$	583			6	%		4	%	$	2,705		$	2,221			(18	%)
Mutual Funds		154			138			156			170			182			18	%		7	%		794			646			(19	%)

Total Retail Products Group		702			719			652			731			765			9	%		5	%		3,499			2,867			(18	%)

Individual Life [1]		275			352			303			309			310			13	%		—			1,164			1,274			9	%

Group Benefits		1,197			1,228			1,176			1,173			1,173			(2	%)		—			4,809			4,750			(1	%)

Retirement Plans		149			148			158			163			163			9	%		—			676			632			(7	%)

International Markets Group [1]		267			219			249			269			267			—			(1	%)		1,038			1,004			(3	%)

Institutional Solutions Group		441			440			330			274			277			(37	%)		1	%		2,045			1,321			(35	%)

Other		(24	)		37			35			32			31		NM				(3	%)		93			135			45	%

Core revenues before net investment income (loss) on equity securities held for trading		3,007			3,143			2,903			2,951			2,986			(1	%)		1	%		13,324			11,983			(10	%)

Net investment income (loss) on equity securities held for trading [2]		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM

Total core revenues	$	(1,493	)	$	2,419		$	5,426		$	3,589		$	3,737		NM				4	%	$	2,984		$	15,171		NM
Net realized gains (losses), before tax and DAC, excluded from core revenues [1]		(675	)		393			(320	)		(1,125	)		(390	)		42	%		65	%		(4,134	)		(1,442	)		65	%

Total revenues	$	(2,168	)	$	2,812		$	5,106		$	2,464		$	3,347		NM				36	%	$	(1,150	)	$	13,729		NM

CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [3] [4]	$	(198	)	$	(924	)	$	307		$	313		$	212		NM				(32	%)	$	(387	)	$	(92	)		76	%
Mutual Funds [3]		(2	)		1			5			11			17		NM				55	%		38			34			(11	%)

Total Retail Products Group		(200	)		(923	)		312			324			229		NM				(29	%)		(349	)		(58	)		83	%

Individual Life [3]		26			—			43			28			30			15	%		7	%		118			101			(14	%)

Group Benefits		90			66			41			85			79			(12	%)		(7	%)		345			271			(21	%)

Retirement Plans [3]		(3	)		(54	)		6			15			(1	)		67	%	NM				11			(34	)	NM

International Markets Group [3] [5] [6]		(110	)		(455	)		142			81			54		NM				(33	%)		(54	)		(178	)	NM

Institutional Solutions Group [3]		(40	)		(20	)		(5	)		(7	)		(8	)		80	%		(14	%)		10			(40	)	NM

Other [7]		(24	)		5			(46	)		(27	)		2		NM			NM				(40	)		(66	)		(65	%)

Core earnings		(261	)		(1,381	)		493			499			385		NM				(23	%)		41			(4	)	NM

Net realized gains (losses), net of tax and DAC, excluded from core earnings [3] [8]		(546	)		123			(317	)		(822	)		(267	)		51	%		68	%		(2,484	)		(1,283	)		48	%


Net income (loss)	$	(807	)	$	(1,258	)	$	176		$	(323	)	$	118		NM			NM			$	(2,443	)	$	(1,287	)		47	%


Stockholders’ ROE (core earnings last 12 months to equity excluding AOCI) [9]		(0.6	%)		(21.2	%)		(19.0	%)		(8.6	%)		(1.4	%)		(0.8	)		7.2
Assets under management	$	298,017		$	283,442		$	301,672		$	334,267		$	329,731			11	%		(1	%)
DAC capitalization	$	310		$	222		$	196		$	186		$	180						(3	%)
DAC amortization	$	542		$	1,736		$	156		$	172		$	137						(20	%)
DAC and PVFP assets	$	11,988		$	10,828		$	10,529		$	9,785		$	9,423						(4	%)
United States Statutory surplus ($ in billions) [10]	$	6.0		$	5.6		$	6.1		$	6.0		$	7.3


[1]		See table on page L-5 that summarizes the DAC unlock impacts on core revenues and total revenues for the three months ended March 31, 2009, June 30, 2009, September 30, 2009, and December 31, 2009 and the year ended December 31, 2008 and 2009.

[2]		These revenues will fluctuate principally due to the investment income and the mark-to-market adjustment of the trading investment portfolio supporting the variable annuity business in International, principally in Japan. An equal and offsetting amount is recorded in benefits, losses and loss adjustment expenses, and as such has no impact on core earnings or net income.

[3]		See table on page L-5 that summarizes the DAC unlock impacts on core earnings and net income for the three months ended March 31, 2009, June 30, 2009, September 30, 2009, and December 31, 2009 and the year ended December 31, 2008 and 2009.

[4]		As a result of the goodwill testing performed during the three months ended, December 31, 2008, Individual Annuity wrote-off goodwill of $274, after-tax.

[5]		Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 for the effect of the triggering of the guaranteed minimum income benefit for the 3 Win product on amortization of deferred policy acquisition costs and policyholder benefits.

[6]		Includes additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3 Win Trigger.

[7]		Includes the after-tax charge of $54, $18, and $17 recorded in the three months ended June 30, 2009, September 30, 2009, and December 31, 2009, respectively, for restructuring.

[8]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

[9]		Core earnings return on equity is calculated using equity attributed to Life using the Company’s capital attribution methodology.

[10]		Estimated United States statutory surplus at December 31, 2009.

L - 1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS EXCLUDING IMPACTS OF DAC UNLOCKS [1]


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
REVENUES
Retail Products Group
Individual Annuity	$	548		$	509		$	532		$	576		$	591			8	%		3	%	$	2,676		$	2,208			(17	%)
Mutual Funds		154			138			156			170			182			18	%		7	%		794			646			(19	%)

Total Retail Products Group		702			647			688			746			773			10	%		4	%		3,470			2,854			(18	%)

Individual Life		275			289			305			301			299			9	%		(1	%)		1,190			1,194			—

Group Benefits		1,197			1,228			1,176			1,173			1,173			(2	%)		—			4,809			4,750			(1	%)

Retirement Plans		149			148			158			163			163			9	%		—			676			632			(7	%)

International Markets Group		267			220			243			270			267			—			(1	%)		1,045			1,000			(4	%)

Institutional Solutions Group		441			440			330			274			277			(37	%)		1	%		2,045			1,321			(35	%)

Other		(24	)		37			35			32			31		NM				(3	%)		93			135			45	%

Core revenues before net investment income (loss) on equity securities held for trading		3,007			3,009			2,935			2,959			2,983			(1	%)		1	%		13,328			11,886			(11	%)

Net investment income (loss) and other on equity securities held for trading		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM

Total core revenues, excluding impacts of DAC unlock	$	(1,493	)	$	2,285		$	5,458		$	3,597			3,734		NM				4	%	$	2,988			15,074		NM

DAC unlock impacts on total revenues		—			150			(36	)		(10	)		4			—		NM				8			108		NM

Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(675	)		377			(316	)		(1,123	)		(391	)		42	%		65	%		(4,146	)		(1,453	)		65	%

Total revenues	$	(2,168	)	$	2,812		$	5,106		$	2,464		$	3,347		NM				36	%	$	(1,150	)	$	13,729		NM

CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	(198	)	$	65		$	61		$	89		$	122		NM				37	%	$	334		$	337			1	%
Mutual Funds		(2	)		1			5			11			17		NM				55	%		39			34			(13	%)

Total Retail Products Group		(200	)		66			66			100			139		NM				39	%		373			371			(1	%)

Individual Life		26			26			41			50			33			27	%		(34	%)		155			150			(3	%)

Group Benefits		90			66			41			85			79			(12	%)		(7	%)		345			271			(21	%)

Retirement Plans		(3	)		—			6			8			(2	)		33	%	NM				59			12			(80	%)

International Markets Group		(110	)		(31	)		32			58			64		NM				10	%		71			123			73	%

Institutional Solutions Group		(40	)		(20	)		(5	)		(6	)		(8	)		80	%		(33	%)		10			(39	)	NM

Other		(24	)		5			(46	)		(27	)		2		NM			NM				(40	)		(66	)		(65	%)

Core earnings, excluding impacts of DAC unlock		(261	)		112			135			268			307		NM				15	%		973			822			(16	%)

DAC unlock impacts on net income		—			(1,490	)		360			62			37			—			(40	%)		(941	)		(1,031	)		(10	%)

Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(546	)		120			(319	)		(653	)		(226	)		59	%		65	%		(2,475	)		(1,078	)		56	%


Net income (loss)	$	(807	)	$	(1,258	)	$	176		$	(323	)	$	118		NM			NM			$	(2,443	)	$	(1,287	)		47	%


[1]		This page represents financial results as reported on page L-1 excluding the impacts of the unlocks recorded in the three months ended March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009 and the year ended December 31, 2008 and 2009.

L - 1A

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
REVENUES
Earned premiums [3]	$	1,296		$	1,318		$	1,114		$	1,068		$	1,063			(18	%)		—		$	5,165		$	4,563			(12	%)
Fee income [3]		1,081			1,148			1,060			1,137			1,201			11	%		6	%		5,142			4,546			(12	%)
Net investment income (loss)
Securities available-for-sale and other		638			689			739			748			727			14	%		(3	%)		3,045			2,903			(5	%)
Equity securities held for trading [1]		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM

Total net investment income (loss)		(3,862	)		(35	)		3,262			1,386			1,478		NM				7	%		(7,295	)		6,091		NM
Net realized capital losses — core		(8	)		(12	)		(10	)		(2	)		(5	)		38	%		(150	%)		(28	)		(29	)		(4	%)

Total core revenues		(1,493	)		2,419			5,426			3,589			3,737		NM				4	%		2,984			15,171		NM

Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(675	)		393			(320	)		(1,125	)		(390	)		42	%		65	%		(4,134	)		(1,442	)		65	%

Total revenues		(2,168	)		2,812			5,106			2,464			3,347		NM				36	%		(1,150	)		13,729		NM


BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [3]		1,829			3,033			1,342			1,400			1,586			(13	%)		13	%		7,424			7,361			(1	%)
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM
Amortization of deferred policy acquisition costs and present value of future profits [3]		424			1,554			(12	)		43			141			(67	%)	NM				2,470			1,726			(30	%)
Goodwill impairment [2]		422			—			—			—			—			(100	%)		—			422			—			(100	%)
Insurance operating costs and other expenses [4]		782			755			850			812			798			2	%		(2	%)		3,300			3,215			(3	%)

Total benefits and expenses		(1,043	)		4,618			4,703			2,893			3,276		NM				13	%		3,276			15,490		NM


CORE EARNINGS
Core earnings before income taxes		(450	)		(2,199	)		723			696			461		NM				(34	%)		(292	)		(319	)		(9	%)
Income tax expense (benefit) [3]		(189	)		(818	)		230			197			76		NM				(61	%)		(333	)		(315	)		5	%

Core earnings		(261	)		(1,381	)		493			499			385		NM				(23	%)		41			(4	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3] [5]		(546	)		123			(317	)		(822	)		(267	)		51	%		68	%		(2,484	)		(1,283	)		48	%

Net income (loss)		(807	)		(1,258	)		176			(323	)		118		NM			NM				(2,443	)		(1,287	)		47	%


[1]		Includes dividend income and mark-to-market effects of trading securities supporting the international variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within interest credited.

[2]		As a result of the goodwill testing performed during the three months ended December 31, 2008, the Company wrote-off goodwill of $274, after-tax.

[3]		The DAC unlock recorded in the periods presented below affected each income statement line item as follows:


	THREE MONTHS ENDED														YEAR ENDED
	Dec. 31,		March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2008		2009			2009			2009			2009			2008			2009
Fee Income	$	—	$	128		$	(25	)	$	(9	)	$	9		$	(9	)	$	103
Earned Premiums		—		6			(7	)		1			(6	)		5			(6	)
Benefits, losses and loss adjustment expense		—		1,099			(345	)		(145	)		8			325			617
Amortization of deferred policy acquisition costs		—		1,330			(272	)		(216	)		(129	)		1,106			713
Income tax expense (benefit)		—		(802	)		227			122			46			(503	)		(407	)

Core earnings (loss)		—		(1,493	)		358			231			78			(932	)		(826	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—		3			2			(169	)		(41	)		(9	)		(205	)

Net income (loss)		—		(1,490	)		360			62			37			(941	)		(1,031	)


[4]		Includes the before-tax charges of $72, $18, and $27 recorded in the three months ended June 30, 2009, September 30, 2009, and December 31, 2009, respectively, for restructuring.

[5]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
TOTAL ASSETS UNDER MANAGEMENT


											Year Over
											Year			Sequential
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month
	2008		2009		2009		2009		2009		Change			Change
TOTAL ASSETS UNDER MANAGEMENT
Assets
General account	$	117,707	$	112,237	$	113,037	$	115,958	$	114,340		(3	%)		(1	%)
Separate account		130,184		124,738		133,946		155,958		150,394		16	%		(4	%)

Total assets		247,891		236,975		246,983		271,916		264,734		7	%		(3	%)
Mutual fund assets		50,126		46,467		54,689		62,351		64,997		30	%		4	%

Total assets under management	$	298,017	$	283,442	$	301,672	$	334,267	$	329,731		11	%		(1	%)

L - 3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
CONSOLIDATED BALANCE SHEETS


																Year Over
																Year			Sequential
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2008			2009			2009			2009			2009			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	45,182		$	42,428		$	43,980		$	45,927		$	46,912			4	%		2	%
Equity securities, trading, at fair value		30,820			27,813			30,813			33,463			32,321			5	%		(3	%)
Equity securities, available-for-sale, at fair value		711			525			642			690			680			(4	%)		(1	%)
Mortgage loans		5,684			5,633			5,503			5,365			5,002			(12	%)		(7	%)
Policy loans, at outstanding balance		2,208			2,197			2,204			2,209			2,174			(2	%)		(2	%)
Limited partnerships and other alternative investments		1,129			955			875			860			845			(25	%)		(2	%)
Other investments		1,473			2,909			954			1,513			457			(69	%)		(70	%)
Short-term investments		6,937			8,580			7,365			7,478			7,079			2	%		(5	%)

Total investments		94,144			91,040			92,336			97,505			95,470			1	%		(2	%)

Cash		1,648			1,604			2,196			2,134			1,898			15	%		(11	%)
Premiums receivable and agents’ balances		407			407			374			365			396			(3	%)		8	%
Reinsurance recoverables		2,918			3,177			2,549			2,355			2,190			(25	%)		(7	%)
Deferred policy acquisition costs and present value of future profits		11,988			10,828			10,529			9,785			9,423			(21	%)		(4	%)
Deferred income taxes		2,183			3,201			2,528			1,637			1,679			(23	%)		3	%
Goodwill		462			470			470			470			470			2	%		—
Property and equipment, net		400			394			355			343			322			(20	%)		(6	%)
Other assets		3,557			1,116			1,700			1,364			2,492			(30	%)		83	%
Separate account assets		130,184			124,738			133,946			155,958			150,394			16	%		(4	%)

Total assets	$	247,891		$	236,975		$	246,983		$	271,916		$	264,734			7	%		(3	%)


Future policy benefits, unpaid losses and loss adjustment expenses	$	16,747		$	18,562		$	18,153		$	17,950		$	17,980			7	%		—
Other policyholder funds and benefits payable		53,753			52,952			49,257			47,996			45,852			(15	%)		(4	%)
Other policyholder funds payable — International variable annuities		30,799			27,793			30,793			33,439			32,296			5	%		(3	%)
Unearned premiums		138			138			145			168			168			22	%		—
Consumer Notes		1,210			1,202			1,199			1,193			1,136			(6	%)		(5	%)
Debt		92			66			67			67			68			(26	%)		1	%
Other liabilities		7,297			5,561			5,463			5,224			5,284			(28	%)		1	%
Separate account liabilities		130,184			124,738			133,946			155,958			150,394			16	%		(4	%)

Total liabilities		240,220			231,012			239,023			261,995			253,178			5	%		(3	%)

Equity excluding AOCI, net of tax		12,095			10,839			12,112			11,809			13,254			10	%		12	%
AOCI, net of tax		(4,516	)		(4,904	)		(4,172	)		(1,913	)		(1,727	)		62	%		10	%

Total stockholders’ equity		7,579			5,935			7,940			9,896			11,527			52	%		16	%

Noncontrolling Interest		92			28			20			25			29			(68	%)		16	%

Total equity		7,671			5,963			7,960			9,921			11,556			51	%		16	%

Total liabilities and equity	$	247,891		$	236,975		$	246,983		$	271,916		$	264,734			7	%		(3	%)

L - 4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)


																			Institutional
	Individual			Other			Individual			Group			Retirement						Solutions
	Annuity			Retail			Life			Benefits			Plans			International			Group			Total
YEAR-TO-DATE
Balance, December 31, 2008	$	5,693		$	108		$	3,027		$	81		$	877		$	2,046		$	156		$	11,988
Adjustments to unrealized gains and losses on securities available — for — sale and other		(1,277	)		(42	)		(420	)		—			(209	)		46			(1	)		(1,903	)

Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,416			66			2,607			81			668			2,092			155			10,085
Cumulative effect of accounting changes (Pre-tax) [1]		(4	)		—			(19	)		—			(31	)		(24	)		—			(78	)
Capitalization		224			41			276			58			118			59			8			784
Amortization — Deferred Policy Acquisition Costs		(451	)		(50	)		(153	)		(61	)		(23	)		(234	)		(16	)		(988	)
Amortization — Present Value of Future Profits		—			—			(24	)		—			—			—			—			(24	)
Amortization — Realized Capital Gains / Losses		(229	)		—			17			—			51			(18	)		—			(179	)
Amortization — Unlock — Core		(399	)		—			(149	)		—			(69	)		(95	)		(1	)		(713	)
Amortization — Unlock — Non-core		(260	)		—			(5	)		—			(15	)		(17	)		—			(297	)
Effect of Currency Translation Adjustment		—			—			—			—			—			(39	)		—			(39	)

Balance, December 31, 2009		3,297			57			2,550			78			699			1,724			146			8,551
Adjustments to unrealized gains and losses on securities available — for — sale and other [1]		467			—			73			—			281			51			—			872

Balance, December 31, 2009 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	3,764		$	57		$	2,623		$	78		$	980		$	1,775		$	146		$	9,423


[1]		Includes the cumulative effect adjustments as a result of the adoption of FSP FAS 115-2. The effect of SFAS 115-2 is offset within the adjustments to unrealized gains and losses on securities, available-for-sale and other.


	THREE MONTHS ENDED,												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2009			2009			2009			2009			2008			2009
DAC UNLOCK IMPACT ON REVENUES
Individual Annuity	$	72		$	(36	)	$	(15	)	$	(8	)	$	29		$	13
Individual Life		63			(2	)		8			11			(26	)		80
International Markets Group		(1	)		6			(1	)		—			(7	)		4

Total DAC unlock impact on core revenues	$	134		$	(32	)	$	(8	)	$	3		$	(4	)	$	97
DAC unlock impact on net realized gains (losses), before tax and DAC, excluded from core		16			(4	)		(2	)		1			12			11

Total DAC unlock impact on revenues	$	150		$	(36	)	$	(10	)	$	4		$	8		$	108

DAC UNLOCK IMPACT ON CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	(989	)	$	246		$	224		$	90		$	(721	)	$	(429	)
Other Retail		—			—			—			—			(1	)		—

Total Retail Products Group		(989	)		246			224			90			(722	)		(429	)
Individual Life		(26	)		2			(22	)		(3	)		(37	)		(49	)
Retirement Plans		(54	)		—			7			1			(48	)		(46	)
International Markets Group		(424	)		110			23			(10	)		(125	)		(301	)
Institutional Solutions Group		—			—			(1	)		—			—			(1	)


DAC unlock impact on core earnings		(1,493	)		358			231			78			(932	)		(826	)


DAC unlock impact on net realized gains (losses), net of tax and DAC, excluded from core earnings [2]		3			2			(169	)		(41	)		(9	)		(205	)

Net income (loss)	$	(1,490	)	$	360		$	62		$	37		$	(941	)	$	(1,031	)


[2]		Included in the three months ended March 31, 2009, June 30, 2009, September 30, 2009 , and December 31, 2009 are income tax expense (benefits) of $4, $3, $(95), and $(12), respectively. Included in the year ended December 31, 2008 and 2009 are income tax benefits of $(6) and $(100), respectively.

L - 5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
SUPPLEMENTAL DATA — ANNUITY DEATH AND LIVING BENEFITS


	As of December 31, 2009
			NET AMT AT		% of NAR
	ACCOUNT VALUE		RISK [9]		REINSURED			RETAINED NAR [9]
BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE
Maximum anniversary value (MAV) [1]
MAV only	$	27,423	$	8,408		71	%	$	2,461
with 5% rollup [2]		1,868		664		61	%		259
with Earnings Protection Benefit Rider (EPB) [3]		6,567		1,409		90	%		140
with 5% rollup & EPB		784		224		80	%		45

Total MAV		36,642		10,705		73	%		2,905
Asset Protection Benefit (APB) [4]		28,612		5,508		36	%		3,535
Lifetime Income Benefit (LIB) [5]		1,330		214		—	%		214
Reset [6] (5-7 years)		3,790		490		1	%		486
Return of Premium [7]/Other		21,446		1,445		3	%		1,405

SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS [10]	$	91,820	$	18,362		53	%	$	8,545

Less: General Account Value Subject to U.S. Guaranteed Minimum Death Benefits		6,802

SUBTOTAL SEPARATE ACCOUNT LIABILITIES SUBJECT TO U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	85,018

Separate Account Liabilities Not Subject to U.S. Guaranteed Minimum Death Benefits		65,376


TOTAL SEPARATE ACCOUNT LIABILITIES	$	150,394


JAPAN GUARANTEED MINIMUM DEATH AND LIVING BENEFITS [8]		30,521		6,335		17	%		5,238


	As of		As of		As of		As of		As of
	December 31,		March 31,		June 30,		September 30,		December 31,
	2008		2009		2009		2009		2009
OTHER DATA
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		903.25		797.87		919.32		1,057.08		1,115.10
Total Account Value	$	81,128	$	74,453	$	81,864	$	90,076	$	91,820
Retained net amount of risk		17,149		18,726		14,558		10,218		8,545
GMDB net GAAP liability [11]		275		749		578		444		446
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	29,726	$	26,567	$	29,272	$	31,698	$	30,521
Retained net amount of risk		7,761		7,619		5,765		5,804		5,238
GMDB/GMIB net GAAP liability [11]		198		679		525		549		543


[1]		MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).

[2]		Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 or 100% of adjusted premiums.

[3]		EPB: the death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.

[4]		APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).

[5]		LIB: the death benefit is the greatest of current account value, net premiums paid, or for certain contracts a benefit amount that rachets over time, generally based on market performance.

[6]		Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).

[7]		Return of premium: the death benefit is the greater of current account value and net premiums paid.

[8]		Death benefits include a Return of Premium and MAV (before age 80) paid in a single lump sum. The income benefit is a guarantee to return initial investment, which is adjusted for earnings liquidity, paid through a fixed annuity after a minimum deferral period of 10, 15 or 20 years. An accumulation benefit is a guarantee to return initial investment, along with a premium based on an agreed upon interest rate, paid through a fixes annuity or lump sum, after a deferral period of 10 years. A withdrawal benefit allows for an agreed upon percentage of the investment to be withdrawn each year until the investment value is reached. Guaranteed income, accumulation, and withdrawal benefits are considered living benefits. The guaranteed remaining balance related to the Japan GMIB was $28.5 billion and $30.6 billion as of December 31, 2009 and December 31, 2008, respectively. The combined guaranteed remaining balance related to the Japan GMAB and GMWB was $648.1 and $567.1 as of December 31, 2009 and December 31, 2008, respectively. 59% of account value and 52% of retained NAR is reinsured to a U.S. insurance company affiliate of The Hartford.

[9]		Net amount at risk is defined as the guaranteed benefit in excess of the current account value. Retained net amount at risk is net amount at risk reduced by that amount which has been reinsured to third parties. Net amount at risk and retained net amount at risk are highly sensitive to equity markets movements for example, as equity market declines, net amount at risk and retained net amount at risk will generally increase.

[10]		Account Value includes the contractholder’s investment in the separate account and the general account.

[11]		For the three months ended March 31, 2009, there was an increase to the GMDB/GMIB liability as a result of the unlock, for U.S. and Japan variable annuity busines of $511 and $509, respectively. For the three months ended June 30, 2009 the amounts were $(158) and $(179), respectively. For the three months ended September 30, 2009, the amounts were $(117) and $(22), respectively. For the three months ended December 31, 2009 the amounts were $1 and $13, respectively.

L - 6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of December 31, 2009


Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	2,339
Liability for reinsurance in unauthorized companies		(7	)

Net statutory reinsurance reserve credit	$	2,332


Statutory amounts recoverable from reinsurers	$	163

The top ten reinsurers represent $2,268 or 91% of the total statutory reserve credit and amounts recoverable.

	•		19% of this amount is with reinsurers rated “A+” by A.M. Best at February 4, 2010.

	•		73% of this amount is with reinsurers rated “A” by A.M. Best at February 4, 2010.

	•		8% of this amount is with reinsurers rated “A-” by A.M. Best at February 4, 2010.

L - 7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION


	December 31, 2009			December 31, 2008

Statutory Capital and Surplus	$	7,287		$	6,046
GAAP Adjustments
Investment in subsidiaries		1,019			2,960
Deferred policy acquisition costs		9,423			11,988
Deferred taxes		827			1,461
Benefit reserves		(4,031	)		(7,224	)
Unrealized losses on investments, net of impairments		(2,757	)		(8,465	)
Asset valuation reserve and interest maintenance reserve		149			177
Goodwill		413			376
Other, net		(774	)		352

GAAP Stockholders’ Equity	$	11,556		$	7,671

Certain Reclassifications have been made to prior year financial information to conform to current year presentation.

L - 8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	335		$	302		$	325		$	352		$	371			11	%		5	%	$	1,781		$	1,350			(24	%)
Other fees [1]		31			93			(4	)		6			19			(39	%)	NM				157			114			(27	%)

Total fee income		366			395			321			358			390			7	%		9	%		1,938			1,464			(24	%)
Direct premiums		22			18			26			24			23			5	%		(4	%)		99			91			(8	%)
Reinsurance premiums [1]		(24	)		(16	)		(30	)		(22	)		(30	)		(25	%)		(36	%)		(103	)		(98	)		5	%

Net premiums		(2	)		2			(4	)		2			(7	)	NM			NM				(4	)		(7	)		(75	%)

Total premiums and other considerations		364			397			317			360			383			5	%		6	%		1,934			1,457			(25	%)

Net investment income
Net investment income on G/A assets		162			169			181			203			197			22	%		(3	%)		779			750			(4	%)
Net investment income on assigned capital		31			13			19			20			18			(42	%)		(10	%)		92			70			(24	%)
Charge for invested capital		(7	)		2			(16	)		(20	)		(15	)		(114	%)		25	%		(102	)		(49	)		52	%

Total net investment income		186			184			184			203			200			8	%		(1	%)		769			771			—
Net realized capital gains (losses) — core		(2	)		—			(5	)		(2	)		—			100	%		100	%		2			(7	)	NM

Total core revenues		548			581			496			561			583			6	%		4	%		2,705			2,221			(18	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(595	)		486			(5	)		(622	)		149		NM			NM				(1,908	)		8		NM

Total revenues		(47	)		1,067			491			(61	)		732		NM			NM				797			2,229			180	%

Benefits and Expenses
Benefits and losses
Death benefits [1]		35			555			(116	)		(88	)		27			(23	%)	NM				192			378			97	%
Other contract benefits		27			22			15			17			22			(19	%)		29	%		87			76			(13	%)
Change in reserve		11			4			12			9			9			(18	%)		—			52			34			(35	%)
Sales inducements [1]		2			80			(5	)		(1	)		4			100	%	NM				100			78			(22	%)
Interest credited on G/A assets		162			169			171			174			169			4	%		(3	%)		619			683			10	%

Total benefits and losses		237			830			77			111			231			(3	%)		108	%		1,050			1,249			19	%

Other insurance expenses
Commissions & wholesaling expenses		175			135			126			129			128			(27	%)		(1	%)		884			518			(41	%)
Operating expenses		56			49			49			45			49			(13	%)		9	%		226			192			(15	%)
Premium taxes and other expenses		5			4			4			5			6			20	%		20	%		13			19			46	%

Subtotal — expenses before deferral		236			188			179			179			183			(22	%)		2	%		1,123			729			(35	%)
Deferred policy acquisition costs		(109	)		(65	)		(55	)		(57	)		(47	)		57	%		18	%		(577	)		(224	)		61	%

Total other insurance expense		127			123			124			122			136			7	%		11	%		546			505			(8	%)
Amortization of deferred policy acquisition costs [1]		86			1,100			(125	)		(111	)		(14	)	NM				87	%		1,503			850			(43	%)
Goodwill impairment [3]		422			—			—			—			—			(100	%)		—			422			—			(100	%)

Total benefits and expenses		872			2,053			76			122			353			(60	%)		189	%		3,521			2,604			(26	%)
Core earnings (loss) before income taxes		(324	)		(1,472	)		420			439			230		NM				(48	%)		(816	)		(383	)		53	%
Income tax expense (benefit) [1] [4]		(126	)		(548	)		113			126			18		NM				(86	%)		(429	)		(291	)		32	%

Core earnings (loss) [1]		(198	)		(924	)		307			313			212		NM				(32	%)		(387	)		(92	)		76	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1] [2] [5]		(470	)		178			(119	)		(496	)		85		NM			NM				(1,049	)		(352	)		66	%

Net income (loss) [1]	$	(668	)	$	(746	)	$	188		$	(183	)	$	297		NM			NM			$	(1,436	)	$	(444	)		69	%


RETURN ON ASSETS (After-tax bps)
Core earnings		(83.9	)		(445.9	)		146.6			136.9			88.2		NM				(36	%)		(36.0	)		(10.1	)		72	%
Net income (loss)		(283.1	)		(360.0	)		89.8			(80.0	)		123.6		NM			NM				(133.5	)		(48.6	)		64	%


[1]		The DAC unlock recorded in the periods presented below affected each income statement line item as follows:


	THREE MONTH ENDED														YEAR ENDED
	Dec. 31,		March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2008		2009			2009			2009			2009			2008			2009
Other Fees	$	—	$	66		$	(29	)	$	(16	)	$	(2	)	$	24		$	19
Reinsurance Premiums		—		6			(7	)		1			(6	)		5			(6	)
Death Benefits		—		511			(158	)		(117	)		1			116			237
Sales Inducements		—		71			(15	)		(11	)		(8	)		62			37
Amortization of deferred policy acquisition costs		—		1,011			(241	)		(232	)		(139	)		959			399
Income tax expense (benefit)		—		(532	)		132			121			48			(387	)		(231	)

Core earnings (loss)		—		(989	)		246			224			90			(721	)		(429	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—		4			7			(155	)		(33	)		(10	)		(177	)

Net income (loss)		—		(985	)		253			69			57			(731	)		(606	)


[2]		Included in the three months ended December 31, 2008 and March 31, June 30, September 30, and December 31, 2009 are guaranteed minimum withdrawal benefit (“GMWB”), net realized gains (losses), net of tax and DAC, excluded from core earnings of ($254), $237, $304, $(138), and $265, respectively.

[3]		As a result of the goodwill testing performed during the three months ended, December 31, 2008, Individual Annuity wrote-off goodwill of $274, after-tax.

[4]		Included in the three months ended, December 31, 2009, is a DRD tax benefit of $30 related to the conclusion of the 2004 through 2006 IRS examination.

[5]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — MUTUAL FUNDS
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	2		$	—		$	—		$	—		$	—			(100	%)		—		$	13		$	—			(100	%)
Mutual fund and other fees		158			142			162			175			188			19	%		7	%		803			667			(17	%)

Total fee income		160			142			162			175			188			18	%		7	%		816			667			(18	%)

Net investment loss
Net investment loss on G/A assets		(4	)		(3	)		(4	)		(3	)		(4	)		—			(33	%)		(11	)		(14	)		(27	%)
Net investment loss on assigned capital		(2	)		(1	)		(2	)		(2	)		(2	)		—			—			(11	)		(7	)		36	%

Total net investment loss		(6	)		(4	)		(6	)		(5	)		(6	)		—			(20	%)		(22	)		(21	)		5	%
Total core revenues		154			138			156			170			182			18	%		7	%		794			646			(19	%)
Net realized losses, before tax and DAC, excluded from core revenues		—			—			—			—			—			—			—			(1	)		—			100	%

Total revenues		154			138			156			170			182			18	%		7	%		793			646			(19	%)

Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		103			97			116			120			125			21	%		4	%		553			458			(17	%)
Operating expenses		30			29			26			28			27			(10	%)		(4	%)		144			110			(24	%)
Premium taxes and other expenses		6			5			6			3			3			(50	%)		—			18			17			(6	%)

Subtotal — expenses before deferral		139			131			148			151			155			12	%		3	%		715			585			(18	%)
Deferred policy acquisition costs		(12	)		(9	)		(12	)		(10	)		(10	)		17	%		—			(74	)		(41	)		45	%

Total other insurance expense		127			122			136			141			145			14	%		3	%		641			544			(15	%)
Amortization of deferred policy acquisition costs		30			14			13			11			12			(60	%)		9	%		96			50			(48	%)

Total benefits and expenses		157			136			149			152			157			—			3	%		737			594			(19	%)

Core earnings (loss) before income taxes		(3	)		2			7			18			25		NM				39	%		57			52			(9	%)
Income tax expense (benefit)		(1	)		1			2			7			8		NM				14	%		19			18			(5	%)

Core earnings (loss)		(2	)		1			5			11			17		NM				55	%		38			34			(11	%)

Net realized gains (losses), net of tax and DAC, excluded from core earnings [1]		—			1			(1	)		—			—			—			—			(1	)		—			100	%

Net income (loss)	$	(2	)	$	2		$	4		$	11		$	17		NM				55	%	$	37		$	34			(8	%)


RETURN ON ASSETS (After-tax bps)
Core earnings		(2.1	)		1.3			6.1			11.4			15.9		NM				39	%		9.0			8.8			(2	%)
Net income		(2.1	)		2.6			4.9			11.4			15.9		NM				39	%		8.8			8.8			—


[1]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — DEPOSITS


											Year Over
	THREE MONTHS ENDED										Year			Sequential			YEAR ENDED
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2008		2009		2009		2009		2009		Change			Change			2008		2009		Change
Individual Annuity
Broker-dealer	$	1,266	$	949	$	564	$	448	$	492		(61	%)		10	%	$	6,019	$	2,453		(59	%)
Banks		742		386		418		388		310		(58	%)		(20	%)		3,494		1,502		(57	%)

Total deposits by distribution		2,008		1,335		982		836		802		(60	%)		(4	%)		9,513		3,955		(58	%)


Variable		1,160		702		701		622		631		(46	%)		1	%		7,887		2,656		(66	%)
Fixed MVA/other		848		633		281		214		171		(80	%)		(20	%)		1,626		1,299		(20	%)

Total deposits by product		2,008		1,335		982		836		802		(60	%)		(4	%)		9,513		3,955		(58	%)


Retail Mutual Funds		2,565		2,250		3,075		3,111		3,131		22	%		1	%		14,112		11,567		(18	%)

529 College Savings Plan/Specialty Products/Other [1]		80		57		42		43		52		(35	%)		21	%		557		194		(65	%)


Total Retail Products Group	$	4,653	$	3,642	$	4,099	$	3,990	$	3,985		(14	%)		—		$	24,182	$	15,716		(35	%)


[1]		The Specialty products / Other business was transferred to International, effective January 1, 2009 on a prospective basis.

L - 11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT


											Year Over
											Year			Sequential
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month
	2008		2009		2009		2009		2009		Change			Change
INDIVIDUAL ANNUITY
General account	$	16,051	$	16,499	$	16,516	$	16,526	$	16,456		3	%		—
Non-guaranteed separate account		69,805		63,414		71,046		78,873		80,333		15	%		2	%

Total Individual Annuity	$	85,856	$	79,913	$	87,562	$	95,399	$	96,789		13	%		1	%


BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	4,866	$	4,839	$	4,670	$	4,560	$	4,471		(8	%)		(2	%)
Non-guaranteed separate account		69,712		63,327		70,943		78,755		80,208		15	%		2	%

Total individual variable annuities		74,578		68,166		75,613		83,315		84,679		14	%		2	%

Fixed MVA & other individual annuities		11,278		11,747		11,949		12,084		12,110		7	%		—

Total Individual Annuity		85,856		79,913		87,562		95,399		96,789		13	%		1	%


Specialty Products/Other — Segregated Assets [1]		398		—		—		—		—		(100	%)		—

Mutual Fund Assets
Retail mutual fund assets		31,032		28,706		34,708		40,127		42,829		38	%		7	%
Specialty Product/Other mutual fund assets [1]		826		—		—		—		—		(100	%)		—
529 College Savings Plan assets		852		837		985		1,123		1,202		41	%		7	%

Total Mutual Fund Assets		32,710		29,543		35,693		41,250		44,031		35	%		7	%


Total Retail Products Group Assets Under Management	$	118,964	$	109,456	$	123,255	$	136,649	$	140,820		18	%		3	%


[1]		The Specialty products / Other business was transferred to International, effective January 1, 2009 on a prospective basis.

L - 12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — INDIVIDUAL ANNUITY — ACCOUNT VALUE ROLLFORWARD [1]


	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009
VARIABLE ANNUITIES
Beginning balance	$	92,250		$	74,578		$	68,166		$	75,613		$	83,315
Deposits		1,160			702			701			622			631
Surrenders		(2,671	)		(2,288	)		(1,929	)		(1,954	)		(2,161	)
Death benefits/annuity payouts		(342	)		(349	)		(351	)		(340	)		(336	)
Transfers [2]		(25	)		(29	)		(17	)		(11	)		(13	)

Net Flows		(1,878	)		(1,964	)		(1,596	)		(1,683	)		(1,879	)
Change in market value/change in reserve/interest credited		(15,778	)		(4,443	)		9,048			9,389			3,246
Other [3]		(16	)		(5	)		(5	)		(4	)		(3	)

Ending balance	$	74,578		$	68,166		$	75,613		$	83,315		$	84,679


FIXED MVA AND OTHER
Beginning balance	$	10,687		$	11,278		$	11,747		$	11,949		$	12,084
Deposits		848			633			281			214			171
Surrenders		(308	)		(238	)		(164	)		(171	)		(223	)
Death benefits/annuity payouts		(112	)		(113	)		(110	)		(110	)		(116	)
Transfers [2]		55			55			41			46			45

Net Flows		483			337			48			(21	)		(123	)
Change in market value/change in reserve/interest credited		108			132			154			156			149

Ending balance	$	11,278		$	11,747		$	11,949		$	12,084		$	12,110


TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	102,937		$	85,856		$	79,913		$	87,562		$	95,399
Deposits		2,008			1,335			982			836			802
Surrenders		(2,979	)		(2,526	)		(2,093	)		(2,125	)		(2,384	)
Death benefits/annuity payouts		(454	)		(462	)		(461	)		(450	)		(452	)
Transfers [2]		30			26			24			35			32

Net Flows		(1,395	)		(1,627	)		(1,548	)		(1,704	)		(2,002	)
Change in market value/change in reserve/interest credited		(15,670	)		(4,311	)		9,202			9,545			3,395
Other [3]		(16	)		(5	)		(5	)		(4	)		(3	)

Ending balance	$	85,856		$	79,913		$	87,562		$	95,399		$	96,789


[1]		Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.

[2]		Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.

[3]		Includes a bonus on certain products, front end loads on A share products and annual maintenance fees.

L - 13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — MUTUAL FUNDS — ASSET ROLLFORWARD


	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009
RETAIL MUTUAL FUNDS
Beginning balance	$	40,903		$	31,032		$	28,706		$	34,708		$	40,127
Deposits		2,565			2,250			3,075			3,111			3,131
Redemptions		(3,563	)		(2,750	)		(1,948	)		(2,332	)		(2,533	)

Net Sales		(998	)		(500	)		1,127			779			598
Change in market value		(8,852	)		(1,807	)		4,901			4,667			2,132
Other [1]		(21	)		(19	)		(26	)		(27	)		(28	)

Ending balance	$	31,032		$	28,706		$	34,708		$	40,127		$	42,829


[1]		Includes front end loads on A share products.

L - 14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
INCOME STATEMENTS


																Year Over
																Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable life fees	$	12		$	11		$	12		$	12		$	13			8	%		8	%	$	65		$	48			(26	%)
Cost of insurance charges		150			152			153			154			157			5	%		2	%		578			616			7	%
Other fees [1]		59			130			75			80			80			36	%		—			256			365			43	%

Total fee income		221			293			240			246			250			13	%		2	%		899			1,029			14	%

Direct premiums		32			31			33			33			35			9	%		6	%		121			132			9	%
Reinsurance premiums		(51	)		(50	)		(53	)		(55	)		(61	)		(20	%)		(11	%)		(192	)		(219	)		(14	%)

Net premiums		(19	)		(19	)		(20	)		(22	)		(26	)		(37	%)		(18	%)		(71	)		(87	)		(23	%)

Total premiums and other considerations		202			274			220			224			224			11	%		—			828			942			14	%

Net investment income
Net investment income on G/A assets		77			82			89			90			90			17	%		—			351			351			—
Net investment income on assigned capital		3			2			1			2			1			(67	%)		(50	%)		16			6			(63	%)
Charge for invested capital		(6	)		(5	)		(6	)		(6	)		(5	)		17	%		17	%		(29	)		(22	)		24	%

Total net investment income		74			79			84			86			86			16	%		—			338			335			(1	%)
Net realized capital losses — core		(1	)		(1	)		(1	)		(1	)		—			100	%		100	%		(2	)		(3	)		(50	%)

Total core revenues		275			352			303			309			310			13	%		—			1,164			1,274			9	%
Net realized losses and other, before tax and DAC, excluded from core revenues		(21	)		(33	)		(48	)		(33	)		(30	)		(43	%)		9	%		(250	)		(144	)		42	%

Total revenues		254			319			255			276			280			10	%		1	%		914			1,130			24	%

Benefits and Expenses
Benefits and losses
Death benefits		94			94			78			86			88			(6	%)		2	%		359			346			(4	%)
Other contract benefits		5			5			6			3			7			40	%		133	%		20			21			5	%
Change in reserve [1]		(3	)		2			(1	)		14			1		NM				(93	%)		(6	)		16		NM
Sales inducements		—			1			—			—			—			—			—			—			1			—
Interest credited on G/A assets		65			62			64			62			68			5	%		10	%		254			256			1	%

Total benefits and losses		161			164			147			165			164			2	%		(1	%)		627			640			2	%

Other insurance expenses
Commissions & wholesaling expenses		67			39			41			42			51			(24	%)		21	%		243			173			(29	%)
Operating expenses		69			61			60			59			63			(9	%)		7	%		269			243			(10	%)
Premium taxes and other expenses		13			12			11			11			14			8	%		27	%		52			48			(8	%)

Subtotal — expenses before deferral		149			112			112			112			128			(14	%)		14	%		564			464			(18	%)
Deferred policy acquisition costs		(94	)		(64	)		(66	)		(68	)		(78	)		17	%		(15	%)		(362	)		(276	)		24	%

Total other insurance expense		55			48			46			44			50			(9	%)		14	%		202			188			(7	%)
Amortization of deferred policy acquisition costs and present value of future profits [1]		21			143			48			78			58			176	%		(26	%)		171			327			91	%

Total benefits and expenses		237			355			241			287			272			15	%		(5	%)		1,000			1,155			16	%
Core earnings (loss) before income taxes		38			(3	)		62			22			38			—			73	%		164			119			(27	%)
Income tax expense (benefit) [1]		12			(3	)		19			(6	)		8			(33	%)	NM				46			18			(61	%)

Core earnings [1]		26			—			43			28			30			15	%		7	%		118			101			(14	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings [1] [2]		(17	)		(18	)		(27	)		(24	)		(17	)		—			29	%		(161	)		(86	)		47	%

Net income (loss) [1]	$	9		$	(18	)	$	16		$	4		$	13			44	%	NM			$	(43	)	$	15		NM


Earnings Margin (After-tax)
Core earnings		9.5	%		0.0	%		14.2	%		9.1	%		9.7	%		0.2			0.6			10.1	%		7.9	%		(2.2	)
Net income		3.5	%		(5.6	%)		6.3	%		1.4	%		4.6	%		1.1			3.2			(4.7	%)		1.3	%		6.0


[1]		The DAC unlock recorded in the periods presented below affected each income statement line item as follows:


	THREE MONTH ENDED														YEAR ENDED
	Dec. 31,		March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2008		2009			2009			2009			2009			2008			2009
Other Fees	$	—	$	63		$	(2	)	$	8		$	11		$	(26	)	$	80
Change in reserve		—		—			—			6			—			5			6
Amortization of deferred policy acquisition costs		—		103			(5	)		36			15			26			149
Income tax expense (benefit)		—		(14	)		1			(12	)		(1	)		(20	)		(26	)

Core earnings (loss)		—		(26	)		2			(22	)		(3	)		(37	)		(49	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—		—			—			(2	)		—			(7	)		(2	)

Net income (loss)		—		(26	)		2			(24	)		(3	)		(44	)		(51	)


[2]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
SUPPLEMENTAL DATA


											Year Over
	THREE MONTHS ENDED										Year			Sequential			YEAR ENDED
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2008		2009		2009		2009		2009		Change			Change			2008		2009		Change
SALES BY DISTRIBUTION
Wirehouse	$	22	$	13	$	12	$	15	$	20		(9	%)		33	%	$	95	$	60		(37	%)
Banks		8		5		8		7		6		(25	%)		(14	%)		35		26		(26	%)
Independent		36		16		20		19		26		(28	%)		37	%		128		81		(37	%)
Other		4		3		5		4		4		—			—			16		16		—

Total sales by distribution	$	70	$	37	$	45	$	45	$	56		(20	%)		24	%	$	274	$	183		(33	%)


SALES BY PRODUCT
Variable Life		18		8		9		8		10		(44	%)		25	%	$	91	$	35		(62	%)
Universal life/whole life		45		23		31		32		41		(9	%)		28	%		158		127		(20	%)
Term life/other		7		6		5		5		5		(29	%)		—			25		21		(16	%)

Total sales by product	$	70	$	37	$	45	$	45	$	56		(20	%)		24	%	$	274	$	183		(33	%)


ACCOUNT VALUE
General account	$	5,926	$	5,983	$	6,054	$	6,137	$	6,245		5	%		2	%
Separate account		4,256		3,998		4,505		5,006		5,214		23	%		4	%

Total account value	$	10,182	$	9,981	$	10,559	$	11,143	$	11,459		13	%		3	%


ACCOUNT VALUE BY PRODUCT
Variable life	$	4,802	$	4,550	$	5,049	$	5,552	$	5,766		20	%		4	%
Universal life/interest sensitive whole life		4,727		4,788		4,876		4,965		5,071		7	%		2	%
Modified guaranteed life		529		522		515		508		503		(5	%)		(1	%)
Other		124		121		119		118		119		(4	%)		1	%

Total account value by product	$	10,182	$	9,981	$	10,559	$	11,143	$	11,459		13	%		3	%


LIFE INSURANCE IN-FORCE
Variable life [1]	$	78,853	$	77,913	$	76,946	$	75,667	$	78,671		—			4	%
Universal life/interest sensitive whole life		52,356		52,711		53,213		53,906		55,169		5	%		2	%
Term life		63,334		65,318		66,955		68,388		69,932		10	%		2	%
Modified guaranteed life		624		612		602		591		581		(7	%)		(2	%)
Other		297		299		324		337		316		6	%		(6	%)

Total life insurance in-force	$	195,464	$	196,853	$	198,040	$	198,889	$	204,669		5	%		3	%


[1]		Included in the three months ended December 31, 2009, is an adjustment of $4.5 billion for VUL riders not previously reported

L - 16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
ACCOUNT VALUE ROLLFORWARD


	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009

VARIABLE LIFE
Beginning balance	$	5,848		$	4,802		$	4,550		$	5,049		$	5,552
First year & single premiums		63			30			24			23			32
Renewal premiums		149			130			128			126			144

Premiums and deposits		212			160			152			149			176
Surrenders		(79	)		(67	)		(77	)		(104	)		(116	)
Death benefits		(13	)		(13	)		(11	)		(17	)		(16	)

Net Flows		120			80			64			28			44
Policy fees		(137	)		(123	)		(123	)		(123	)		(132	)
Change in market value/interest credited		(1,029	)		(209	)		558			598			302

Ending balance	$	4,802		$	4,550		$	5,049		$	5,552		$	5,766


OTHER [1]
Beginning balance	$	5,323		$	5,380		$	5,431		$	5,510		$	5,591
First year & single premiums		145			99			118			109			141
Renewal premiums		136			128			131			130			147

Premiums and deposits		281			227			249			239			288
Surrenders		(76	)		(67	)		(58	)		(45	)		(59	)
Death benefits		(55	)		(27	)		(24	)		(23	)		(26	)

Net Flows		150			133			167			171			203
Policy fees		(152	)		(138	)		(145	)		(146	)		(162	)
Change in market value/interest credited		59			56			57			56			61

Ending balance	$	5,380		$	5,431		$	5,510		$	5,591		$	5,693


TOTAL INDIVIDUAL LIFE
Beginning balance	$	11,171		$	10,182		$	9,981		$	10,559		$	11,143
First year & single premiums		208			129			142			132			173
Renewal premiums		285			258			259			256			291

Premiums and deposits		493			387			401			388			464
Surrenders		(155	)		(134	)		(135	)		(149	)		(175	)
Death benefits		(68	)		(40	)		(35	)		(40	)		(42	)

Net Flows		270			213			231			199			247
Policy fees		(289	)		(261	)		(268	)		(269	)		(294	)
Change in market value/interest credited		(970	)		(153	)		615			654			363

Ending balance	$	10,182		$	9,981		$	10,559		$	11,143		$	11,459


[1]		Includes Universal Life, Interest Sensitive Whole Life, Modified Guaranteed Life Insurance and other.

L - 17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS
INCOME STATEMENTS


																Year Over
																Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
ASO fees	$	9		$	11		$	9		$	10		$	10			11	%		—		$	36		$	40			11	%
Other fees		(1	)		1			(1	)		—			1		NM				—			(1	)		1		NM

Total fee income		8			12			8			10			11			38	%		10	%		35			41			17	%

Direct premiums		1,055			1,103			1,053			1,046			1,047			(1	%)		—			4,207			4,249			1	%
Reinsurance premiums		45			23			13			13			11			(76	%)		(15	%)		149			60			(60	%)

Net premiums		1,100			1,126			1,066			1,059			1,058			(4	%)		—			4,356			4,309			(1	%)

Total premiums and other considerations		1,108			1,138			1,074			1,069			1,069			(4	%)		—			4,391			4,350			(1	%)

Net investment income
Net investment income on G/A assets		71			83			91			95			96			35	%		1	%		346			365			5	%
Net investment income on assigned capital		18			8			11			10			9			(50	%)		(10	%)		73			38			(48	%)

Total net investment income		89			91			102			105			105			18	%		—			419			403			(4	%)
Net realized capital losses — core		—			(1	)		—			(1	)		(1	)		—			—			(1	)		(3	)	NM

Total core revenues		1,197			1,228			1,176			1,173			1,173			(2	%)		—			4,809			4,750			(1	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		(26	)		4			(41	)		(31	)		(53	)		(104	%)		(71	%)		(539	)		(121	)		78	%

Total revenues		1,171			1,232			1,135			1,142			1,120			(4	%)		(2	%)		4,270			4,629			8	%

Benefits and Expenses
Benefits and losses
Death benefits		284			335			326			310			314			11	%		1	%		1,211			1,285			6	%
Other contract benefits		460			457			456			456			461			—			1	%		1,867			1,830			(2	%)
Change in reserve		21			68			40			(24	)		(3	)	NM				88	%		66			81			23	%

Total benefits and losses		765			860			822			742			772			1	%		4	%		3,144			3,196			2	%

Other insurance expenses
Commissions & wholesaling expenses		146			125			143			159			138			(5	%)		(13	%)		566			565			—
Operating expenses		145			134			144			131			132			(9	%)		1	%		559			541			(3	%)
Premium taxes and other expenses		20			22			14			19			17			(15	%)		(11	%)		72			72			—

Subtotal — expenses before deferral		311			281			301			309			287			(8	%)		(7	%)		1,197			1,178			(2	%)
Deferred policy acquisition costs		(21	)		(17	)		(14	)		(14	)		(13	)		38	%		7	%		(69	)		(58	)		16	%

Total other insurance expense		290			264			287			295			274			(6	%)		(7	%)		1,128			1,120			(1	%)
Amortization of deferred policy acquisition costs		15			14			15			16			16			7	%		—			57			61			7	%

Total benefits and expenses		1,070			1,138			1,124			1,053			1,062			(1	%)		1	%		4,329			4,377			1	%
Core earnings before income taxes		127			90			52			120			111			(13	%)		(8	%)		480			373			(22	%)
Income tax expense		37			24			11			35			32			(14	%)		(9	%)		135			102			(24	%)

Core earnings		90			66			41			85			79			(12	%)		(7	%)		345			271			(21	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [1]		(18	)		3			(27	)		(20	)		(34	)		(89	%)		(70	%)		(351	)		(78	)		78	%

Net income (loss)	$	72		$	69		$	14		$	65		$	45			(38	%)		(31	%)	$	(6	)	$	193		NM

After-Tax Profit as % of Revenues
Core earnings		7.5	%		5.4	%		3.5	%		7.2	%		6.7	%		(0.8	)		(0.5	)		7.2	%		5.7	%		(1.5	)
Net income		6.1	%		5.6	%		1.2	%		5.7	%		4.0	%		(2.1	)		(1.7	)		-0.1	%		4.2	%		4.3


[1]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS
SUPPLEMENTAL DATA


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	517		$	518		$	476		$	469		$	471			(9	%)		—		$	1,984		$	1,934			(3	%)
Group life		516			543			529			528			526			2	%		—			2,084			2,126			2	%
Other		67			65			61			62			61			(9	%)		(2	%)		287			249			(13	%)

Total fully insured — ongoing premiums		1,100			1,126			1,066			1,059			1,058			(4	%)		—			4,355			4,309			(1	%)


Total buyouts [1]		—			—			—			—			—			—			—			1			—			(100	%)

Total premiums		1,100			1,126			1,066			1,059			1,058			(4	%)		—			4,356			4,309			(1	%)
Group disability — premium equivalents [2]		83			92			104			102			100			20	%		(2	%)		338			398			18	%

Total premiums and premium equivalent	$	1,183		$	1,218		$	1,170		$	1,161		$	1,158			(2	%)		—		$	4,694		$	4,707			—


SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	65		$	204		$	37		$	56		$	50			(23	%)		(11	%)	$	375		$	347			(7	%)
Group life		75			188			48			62			76			1	%		23	%		424			374			(12	%)
Other		6			8			4			4			4			(33	%)		—			21			20			(5	%)

Total fully insured — ongoing sales		146			400			89			122			130			(11	%)		7	%		820			741			(10	%)


Total buyouts [1]		—			—			—			1			—		NM			NM				1			1			—

Total sales		146			400			89			123			130			(11	%)		6	%		821			742			(10	%)
Group disability premium equivalents [2]		24			62			25			7			13			(46	%)		86	%		132			107			(19	%)

Total sales and premium equivalents	$	170		$	462		$	114		$	130		$	143			(16	%)		10	%	$	953		$	849			(11	%)


RATIOS [3]
Loss Ratio		69.0	%		75.6	%		76.5	%		69.4	%		72.2	%		3.2			2.8			71.6	%		73.5	%		1.9
Expense Ratio		27.5	%		24.4	%		28.1	%		29.1	%		27.1	%		(0.4	)		(2.0	)		27.0	%		27.1	%		0.1

GAAP RESERVES [4]
Group disability	$	4,727		$	4,771		$	4,823		$	4,818		$	4,821			2	%		—
Group life		1,333			1,336			1,337			1,314			1,305			(2	%)		(1	%)
Other		100			92			88			86			88			(12	%)		2	%

Total GAAP reserves	$	6,160		$	6,199		$	6,248		$	6,218		$	6,214			1	%		—


[1]		Takeover of open claim liabilities and other non-recurring premium amounts.

[2]		Administrative services only (ASO) fees and claims under claim management agreements.

[3]		Ratios calculated excluding the effects of buyout premiums.

[4]		Reserve balances for the three months ended December 31, 2008 and March 31, June 30, September 30, and December 31, 2009 are net of reinsurance recoverables of $231, $193, $200, $209, and $213, respectively.

L - 19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential						YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	41		$	40		$	44		$	50		$	51			24	%		2	%	$	209		$	185			(11	%)
Mutual fund and other fees		34			32			35			33			36			6	%		9	%		125			136			9	%

Total fee income		75			72			79			83			87			16	%		5	%		334			321			(4	%)

Direct premiums		1			1			1			1			—			(100	%)		(100	%)		4			3			(25	%)

Total premiums and other considerations		76			73			80			84			87			14	%		4	%		338			324			(4	%)

Net investment income
Net investment income on G/A assets		72			76			78			79			76			6	%		(4	%)		328			309			(6	%)
Net investment income on assigned capital		3			1			2			2			2			(33	%)		—			15			7			(53	%)
Charge for invested capital		—			—			—			(1	)		—			—			100	%		(1	)		(1	)		—

Total net investment income		75			77			80			80			78			4	%		(3	%)		342			315			(8	%)
Net realized losses — core		(2	)		(2	)		(2	)		(1	)		(2	)		—			(100	%)		(4	)		(7	)		(75	%)

Total core revenues		149			148			158			163			163			9	%		—			676			632			(7	%)

Net realized losses, before tax and DAC, excluded from core revenues		(34	)		(57	)		(78	)		(88	)		(103	)	NM				(17	%)		(268	)		(326	)		(22	%)

Total revenues		115			91			80			75			60			(48	%)		(20	%)		408			306			(25	%)

Benefits and Expenses
Benefits and losses
Death benefits [1]		—			4			(2	)		—			(2	)		—			—			1			—			(100	%)
Other contract benefits		11			11			11			10			11			—			10	%		45			43			(4	%)
Change in reserve		(5	)		(5	)		(5	)		(5	)		(4	)		20	%		20	%		(21	)		(19	)		10	%
Sales inducements [1]		(1	)		1			1			—			—			100	%		—			1			2			100	%
Interest credited on G/A assets		66			63			63			58			60			(9	%)		3	%		246			244			(1	%)

Total benefits and losses		71			74			68			63			65			(8	%)		3	%		272			270			(1	%)

Other insurance expenses
Commissions & wholesaling expenses		31			34			33			36			36			16	%		—			131			139			6	%
Operating expenses [2]		82			70			71			71			86			5	%		21	%		327			298			(9	%)
Premium taxes and other expenses		5			6			6			7			8			60	%		14	%		19			27			42	%

Subtotal — expenses before deferral		118			110			110			114			130			10	%		14	%		477			464			(3	%)
Deferred policy acquisition costs		(31	)		(31	)		(29	)		(33	)		(25	)		19	%		24	%		(142	)		(118	)		17	%

Total other insurance expense		87			79			81			81			105			21	%		30	%		335			346			3	%
Amortization of deferred policy acquisition costs [1]		1			84			6			(4	)		6		NM			NM				100			92			(8	%)

Total benefits and expenses		159			237			155			140			176			11	%		26	%		707			708			—

Core earnings (loss) before income taxes		(10	)		(89	)		3			23			(13	)		(30	%)	NM				(31	)		(76	)		(145	%)
Income tax expense (benefit) [1]		(7	)		(35	)		(3	)		8			(12	)		(71	%)	NM				(42	)		(42	)		—

Core earnings (loss) [1]		(3	)		(54	)		6			15			(1	)		67	%	NM				11			(34	)	NM

Net realized losses, net of tax and DAC, excluded from core earnings [1] [3]		(20	)		(34	)		(46	)		(49	)		(59	)		(195	%)		(20	%)		(168	)		(188	)		(12	%)

Net (loss)	$	(23	)	$	(88	)	$	(40	)	$	(34	)	$	(60	)		(161	%)		(76	%)	$	(157	)	$	(222	)		(41	%)


RETURN ON ASSETS (After-tax bps)
Core earnings		(3.0	)		(59.2	)		6.4			14.7			(0.9	)		70	%	NM				3.4			(8.4	)	NM
Net income (loss)		(22.9	)		(96.4	)		(42.8	)		(33.3	)		(55.4	)		(142	%)		(66	%)		(47.9	)		(54.8	)		(14	%)


[1]		The DAC unlock recorded in the periods presented below affected each income statement line item as follows:


	THREE MONTH ENDED														YEAR ENDED
	Dec. 31,		March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2008		2009			2009			2009			2009			2008			2009
Death Benefits	$	—	$	3		$	(1	)	$	(1	)	$	(1	)	$	1		$	—
Sales Inducements		—		2			—			—			—			1			2
Amortization of deferred policy acquisition costs		—		78			1			(10	)		—			75			69
Income tax expense (benefit)		—		(29	)		—			4			—			(29	)		(25	)

Core earnings (loss)		—		(54	)		—			7			1			(48	)		(46	)
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		—		(3	)		1			(7	)		(1	)		(1	)		(10	)

Net income (loss)		—		(57	)		1			—			—			(49	)		(56	)


[2]		The three months ended December 31, 2009, includes a litigation accrual of $14, before tax, which was previously included in Other for the three months ended September 30, 2009.

[3]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — DEPOSITS


											Year Over
	THREE MONTHS ENDED										Year			Sequential			YEAR ENDED
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2008		2009		2009		2009		2009		Change			Change			2008		2009		Change

401(k)
Annuity — plan/participant rollovers	$	418	$	530	$	316	$	444		513		23	%		16	%	$	2,150	$	1,803		(16	%)
Annuity — ongoing contributions		555		623		531		543		525		(5	%)		(3	%)		2,346		2,222		(5	%)

Total 401(k) Annuity		973		1,153		847		987		1,038		7	%		5	%		4,496		4,025		(10	%)
Mutual funds		687		684		572		518		429		(38	%)		(17	%)		2,826		2,203		(22	%)

Total 401(k)		1,660		1,837		1,419		1,505		1,467		(12	%)		(3	%)		7,322		6,228		(15	%)


403(b)/457
Annuity — plan/participant rollovers		38		57		60		43		41		8	%		(5	%)		317		201		(37	%)
Annuity — ongoing contributions		285		300		267		237		299		5	%		26	%		1,195		1,103		(8	%)

Total 403(b)/457 Annuity		323		357		327		280		340		5	%		21	%		1,512		1,304		(14	%)
Mutual funds		13		35		23		17		33		154	%		94	%		95		108		14	%

Total 403(b)/457		336		392		350		297		373		11	%		26	%		1,607		1,412		(12	%)


Total Retirement
401(k) Annuity		973		1,153		847		987		1,038		7	%		5	%		4,496		4,025		(10	%)
403(b)/457 Annuity		323		357		327		280		340		5	%		21	%		1,512		1,304		(14	%)

Total Retirement Plans Annuity deposits		1,296		1,510		1,174		1,267		1,378		6	%		9	%		6,008		5,329		(11	%)
Mutual funds		700		719		595		535		462		(34	%)		(14	%)		2,921		2,311		(21	%)

Total Retirement Plans Deposits		1,996		2,229		1,769		1,802		1,840		(8	%)		2	%		8,929		7,640		(14	%)

L - 21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT AND ADMINISTRATION


											Year Over
											Year			Sequential
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month
	2008		2009		2009		2009		2009		Change			Change

401(k)
General account	$	1,499	$	1,538	$	1,530	$	1,533	$	1,570		5	%		2	%
Non-guaranteed separate account		10,457		10,310		12,005		13,806		14,572		39	%		6	%

Total 401(k) — Annuity account value	$	11,956	$	11,848	$	13,535	$	15,339	$	16,142		35	%		5	%
Mutual fund assets		14,739		14,017		15,177		16,441		16,459		12	%		—

Total 401(k) Assets Under Management	$	26,695	$	25,865	$	28,712	$	31,780	$	32,601		22	%		3	%


403(b)/457
General account	$	5,292	$	5,456	$	4,855	$	4,839	$	4,886		(8	%)		1	%
Non-guaranteed separate account		4,950		4,548		5,100		5,921		6,230		26	%		5	%

Total 403(b)/457 — Annuity account value	$	10,242	$	10,004	$	9,955	$	10,760	$	11,116		9	%		3	%
Mutual fund assets		99		127		165		207		245		147	%		18	%

Total 403(b)/457 Assets Under Management	$	10,341	$	10,131	$	10,120	$	10,967	$	11,361		10	%		4	%


TOTAL RETIREMENT
General account	$	6,791	$	6,994	$	6,385	$	6,372	$	6,456		(5	%)		1	%
Non-guaranteed separate account		15,407		14,858		17,105		19,727		20,802		35	%		5	%

Total Retirement Plans account value	$	22,198	$	21,852	$	23,490	$	26,099	$	27,258		23	%		4	%
Mutual fund assets		14,838		14,144		15,342		16,648		16,704		13	%		—

Total Retirement Plans Assets Under Management	$	37,036	$	35,996	$	38,832	$	42,747	$	43,962		19	%		3	%


RECORDKEEPING ONLY BUSINESS
Assets Under Administration [1]	$	5,122	$	5,024	$	5,372	$	5,867	$	5,588		9	%		(5	%)
Number of Participants [2]		155,914		165,038		162,610		157,867		153,799		(1	%)		(3	%)


[1]		Assets under administration are not included when calculating return on assets measures for the Retirement Plans segment and are not included in Retirement Plans Assets Under Management.

[2]		Earnings for assets under administration are predominantly driven by participant count. The participant count represents the actual number of participants.

L - 22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1] [2]


	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009
401(k) GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	13,736		$	11,956		$	11,848		$	13,535		$	15,339
Deposits		973			1,153			847			987			1,038
Surrenders		(625	)		(635	)		(587	)		(723	)		(782	)
Death benefits/annuity payouts		(9	)		(8	)		(3	)		(13	)		(7	)

Net Flows		339			510			257			251			249
Change in market value/change in reserve/interest credited		(2,119	)		(618	)		1,430			1,553			554

Ending balance	$	11,956		$	11,848		$	13,535		$	15,339		$	16,142


403(b)/457 GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	11,432		$	10,242		$	10,004		$	9,955		$	10,760
Deposits		323			357			327			280			340
Surrenders		(330	)		(225	)		(1,158	)		(263	)		(319	)
Death benefits/annuity payouts		(12	)		(11	)		(11	)		(9	)		(12	)

Net Flows		(19	)		121			(842	)		8			9
Change in market value/change in reserve/interest credited		(1,171	)		(359	)		793			797			347

Ending balance	$	10,242		$	10,004		$	9,955		$	10,760		$	11,116


MUTUAL FUND ASSETS [2] [3]
Beginning balance	$	18,126		$	14,838		$	14,144		$	15,342		$	16,648
Deposits		700			719			595			535			462
Surrenders		(1,077	)		(662	)		(1,292	)		(1,283	)		(779	)

Net Flows		(377	)		57			(697	)		(748	)		(317	)
Change in market value/change in reserve/interest credited		(2,911	)		(751	)		1,895			2,054			373

Ending balance	$	14,838		$	14,144		$	15,342		$	16,648		$	16,704


TOTAL RETIREMENT
Beginning balance	$	43,294		$	37,036		$	35,996		$	38,832		$	42,747
Deposits		1,996			2,229			1,769			1,802			1,840
Surrenders		(2,032	)		(1,522	)		(3,037	)		(2,269	)		(1,880	)
Death benefits/annuity payouts		(21	)		(19	)		(14	)		(22	)		(19	)

Net Flows		(57	)		688			(1,282	)		(489	)		(59	)
Change in market value/change in reserve/interest credited		(6,201	)		(1,728	)		4,118			4,404			1,274

Ending balance	$	37,036		$	35,996		$	38,832		$	42,747		$	43,962


[1]		Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.

[2]		Excludes Assets Under Administration

[3]		Mutual Fund assets are an internal measure of assets under management used by the Company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.

L - 23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Months			3 Months			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
CORE EARNINGS
Japan operations	$	(111	)	$	(430	)	$	213		$	78		$	50		NM				(36	%)	$	(36	)	$	(89	)		(147	%)
Other international operations		1			(25	)		(71	)		3			4		NM				33	%		(18	)		(89	)	NM

Core earnings (loss)	$	(110	)	$	(455	)	$	142		$	81		$	54		NM				(33	%)	$	(54	)	$	(178	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [2]		(188	)		162			(23	)		(113	)		(31	)		84	%		73	%		(271	)		(5	)		98	%

Net income (loss)	$	(298	)	$	(293	)	$	119		$	(32	)	$	23		NM			NM			$	(325	)	$	(183	)		44	%


JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	291		$	202		$	100		$	17		$	9			(97	%)		(47	%)	$	2,966		$	328			(89	%)
Fixed MVA and other		43			21			2			—			—			(100	%)		100	%		595			23			(96	%)

Total deposits by product	$	334		$	223		$	102		$	17		$	9			(97	%)		(47	%)	$	3,561		$	351			(90	%)


JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	28,200		¥	18,924		¥	9,808		¥	1,570		¥	797			(97	%)		(49	%)	¥	311,016		¥	31,099			(90	%)
Fixed MVA and other		4,016			1,973			202			4			—			(100	%)		(100	%)		62,168			2,179			(96	%)

Total deposits by product	¥	32,216		¥	20,897		¥	10,010		¥	1,574		¥	797			(98	%)		(49	%)	¥	373,184		¥	33,278			(91	%)


JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	(3,087	)	$	(80	)	$	(161	)	$	(249	)	$	(310	)		90	%		(24	%)	$	(1,715	)	$	(800	)		53	%
Fixed MVA and other		1,962			(49	)		(67	)		(55	)		(229	)	NM			NM				2,429			(400	)	NM

Total net flows by product	$	(1,125	)	$	(129	)	$	(228	)	$	(304	)	$	(539	)		52	%		(77	%)	$	714		$	(1,200	)	NM


JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	(309,214	)	¥	(7,485	)	¥	(15,543	)	¥	(23,338	)	¥	(27,900	)		91	%		(20	%)	¥	(164,443	)	¥	(74,266	)		55	%
Fixed MVA and other		177,526			(4,631	)		(6,467	)		(5,160	)		(20,420	)	NM			NM				226,695			(36,678	)	NM

Total net flows by product	¥	(131,688	)	¥	(12,116	)	¥	(22,010	)	¥	(28,498	)	¥	(48,320	)		63	%		(70	%)	¥	62,252		¥	(110,944	)	NM


JAPAN AUM — Dollars
Individual Annuity
Variable	$	29,726		$	26,567		$	29,272		$	31,698		$	30,521			3	%		(4	%)
Fixed MVA and other [1]		4,769			4,379			4,437			4,732			4,365			(8	%)		(8	%)

Total AUM by product	$	34,495		$	30,946		$	33,709		$	36,430		$	34,886			1	%		(4	%)


JAPAN AUM — Yen
Individual Annuity
Variable	¥	2,694,696		¥	2,624,041		¥	2,824,321		¥	2,838,078		¥	2,841,386			5	%		—
Fixed MVA and other [1]		432,267			432,525			428,035			423,675			406,370			(6	%)		(4	%)

Total AUM by product	¥	3,126,963		¥	3,056,566		¥	3,252,356		¥	3,261,753		¥	3,247,756			4	%		—


[1]		Of the total ending fixed MVA and other balance as of December 31, 2009 of $4.4 billion and ¥406.4 billion, approximately $1.8 billion and ¥164.9 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

[2]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	170		$	159		$	165		$	179		$	184			8	%		3	%	$	798		$	687			(14	%)
Other fees		25			12			12			13			13			(48	%)		—			69			50			(28	%)

Total fee income		195			171			177			192			197			1	%		3	%		867			737			(15	%)

Reinsurance premiums		(2	)		(2	)		(1	)		(2	)		(2	)		—			—			(9	)		(7	)		22	%

Total premiums and other considerations		193			169			176			190			195			1	%		3	%		858			730			(15	%)

Net investment income
Net investment income on G/A assets		30			29			39			37			36			20	%		(3	%)		106			141			33	%
Net investment income on assigned capital		21			12			8			11			8			(62	%)		(27	%)		25			39			56	%
Charge for invested capital		—			—			—			(2	)		(2	)		—			—			—			(4	)		—

Total net investment income		51			41			47			46			42			(18	%)		(9	%)		131			176			34	%

Net realized capital gains (losses) — core		(2	)		(5	)		2			8			1		NM				(88	%)		(28	)		6		NM

Total core revenues		242			205			225			244			238			(2	%)		(2	%)		961			912			(5	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(218	)		260			(55	)		(173	)		27		NM			NM				(366	)		59		NM

Total revenues		24			465			170			71			265		NM			NM				595			971			63	%

Benefits and Expenses
Benefits and losses
Death and other benefits [1]		70			554			(133	)		16			53			(24	%)	NM				230			490			113	%
Change in reserve		—			58			—			(2	)		1			—		NM				—			57			—
Sales inducements		—			(1	)		1			3			1			—			(67	%)		1			4		NM
Interest credited on G/A assets		11			12			11			11			11			—			—			36			45			25	%

Total benefits and losses		81			623			(121	)		28			66			(19	%)		136	%		267			596			123	%

Other insurance expenses
Commissions & wholesaling expenses		32			27			20			10			9			(72	%)		(10	%)		248			66			(73	%)
Operating expenses		49			39			37			33			32			(35	%)		(3	%)		178			141			(21	%)
Premium taxes and other expenses		7			5			4			4			8			14	%		100	%		32			21			(34	%)

Subtotal — expenses before deferral		88			71			61			47			49			(44	%)		4	%		458			228			(50	%)
Deferred policy acquisition costs		(22	)		(14	)		(7	)		(1	)		(1	)		95	%		—			(221	)		(23	)		90	%

Total other insurance expense		66			57			54			46			48			(27	%)		4	%		237			205			(14	%)
Amortization of deferred policy acquisition costs [1]		265			187			(36	)		50			47			(82	%)		(6	%)		512			248			(52	%)

Total benefits and expenses		412			867			(103	)		124			161			(61	%)		30	%		1,016			1,049			3	%
Core earnings (loss) before income taxes		(170	)		(662	)		328			120			77		NM				(36	%)		(55	)		(137	)		(149	%)
Income tax expense (benefit) [1]		(59	)		(232	)		115			42			27		NM				(36	%)		(19	)		(48	)		(153	%)

Core earnings (loss) [1] [2]		(111	)		(430	)		213			78			50		NM				(36	%)		(36	)		(89	)		(147	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3]		(154	)		167			(41	)		(121	)		26		NM			NM				(227	)		31		NM

Net Income (loss) [1]	$	(265	)	$	(263	)	$	172		$	(43	)	$	76		NM			NM			$	(263	)	$	(58	)		78	%


RETURN ON ASSETS (After-tax bps)
Core earnings		(127.6	)		(525.7	)		263.6			89.0			56.1		NM				(37	%)		(10.0	)		(25.7	)		(157	%)
Net income		(304.5	)		(321.5	)		212.8			(49.0	)		85.3		NM			NM				(72.9	)		(16.7	)		77	%


[1]		The DAC unlock recorded in the periods presented below affected each income statement line item as follows:


	THREE MONTH ENDED														YEAR ENDED
	Dec. 31,		March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2008		2009			2009			2009			2009			2008			2009
Other Fees	$	—	$	—		$	—		$	—		$	—		$	(7	)	$	—
Death and other benefits		—		509			(179	)		(22	)		13			139			321
Sales Inducements		—		1			—			2			1			1			4
Amortization of deferred policy acquisition costs		—		135			(86	)		(6	)		(8	)		42			35
Income tax expense (benefit)		—		(225	)		92			9			(1	)		(66	)		(125	)

Core earnings (loss)		—		(420	)		173			17			(5	)		(123	)		(235	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—		2			3			(6	)		(1	)		8			(2	)

Net income (loss)		—		(418	)		176			11			(6	)		(115	)		(237	)


[2]		Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 for the effect of the triggering of the guaranteed minimum income benefit for the 3 Win product on amortization of deferred policy acquisition costs and policyholder benefits and additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.

[3]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD — Dollars


	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009

VARIABLE ANNUITIES
Beginning balance	$	32,706		$	29,726		$	26,567		$	29,272		$	31,698
Deposits/Premiums/other		291			202			100			17			9
Surrenders		(297	)		(127	)		(164	)		(166	)		(201	)
Death benefits/annuitizations/other [1]		(910	)		(136	)		(97	)		(100	)		(118	)
Transfers - 3 Win [1]		(2,171	)		(19	)		—			—			—

Net Flows		(3,087	)		(80	)		(161	)		(249	)		(310	)
Change in market value/currency/change in reserve/interest credited		(4,662	)		(774	)		2,209			381			339
Effect of currency translation		4,769			(2,305	)		657			2,294			(1,206	)

Ending balance	$	29,726		$	26,567		$	29,272		$	31,698		$	30,521


FIXED MVA AND OTHER [2]
Beginning balance	$	2,416		$	4,769		$	4,379		$	4,437		$	4,732
Deposits/Premiums/other		43			21			2			—			—
Surrenders		(62	)		(38	)		(42	)		(28	)		(24	)
Death benefits/annuitizations/other [1]		(190	)		(51	)		(27	)		(27	)		(205	)
Transfers - 3 Win [1]		2,171			19			—			—			—

Net Flows		1,962			(49	)		(67	)		(55	)		(229	)
Change in market value/currency/change in reserve/interest credited		(18	)		52			21			8			34
Effect of currency translation		409			(393	)		104			342			(172	)

Ending balance	$	4,769		$	4,379		$	4,437		$	4,732		$	4,365


TOTAL JAPAN
Beginning balance	$	35,122		$	34,495		$	30,946		$	33,709		$	36,430
Deposits/Premiums/other		334			223			102			17			9
Surrenders		(359	)		(165	)		(206	)		(194	)		(225	)
Death benefits/annuitizations/other [1]		(1,100	)		(187	)		(124	)		(127	)		(323	)

Net Flows		(1,125	)		(129	)		(228	)		(304	)		(539	)
Change in market value/change in reserve/interest credited		(4,680	)		(722	)		2,230			389			373
Effect of currency translation		5,178			(2,698	)		761			2,636			(1,378	)

Ending balance	$	34,495		$	30,946		$	33,709		$	36,430		$	34,886


[1]		Included in the three months ended December 31, 2009 are current period payments of $190 and interest credited of $15 related to 3 Win “GMIB” policies that triggered in fourth quarter 2008 and first quarter 2009 for option (2), which are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited. The 3 Win guaranteed minimum benefit “GMIB” requires the policyholder to elect one of the two options; either (1) receive 80% of their initial deposit without surrender penalty or (2) receive 100% of the initial deposit via a 15 year pay out annuity.

[2]		Of the total ending fixed MVA and other balance as of December 31, 2009 of $4.4 billion, approximately $1.8 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L - 26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD — Yen


	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009

VARIABLE ANNUITIES
Beginning balance	¥	3,472,208		¥	2,694,696		¥	2,624,041		¥	2,824,321		¥	2,838,078
Deposits/Premiums/other		28,200			18,924			9,808			1,570			797
Surrenders		(28,757	)		(11,891	)		(15,849	)		(15,556	)		(18,139	)
Death benefits/annuitizations/other [1]		(111,840	)		(12,708	)		(9,502	)		(9,352	)		(10,558	)
Transfers — 3 Win [1]		(196,817	)		(1,810	)		—			—			—

Net Flows		(309,214	)		(7,485	)		(15,543	)		(23,338	)		(27,900	)
Change in market value/change in reserve/interest credited		(468,298	)		(63,170	)		215,823			37,095			31,208

Ending balance		2,694,696			2,624,041			2,824,321			2,838,078			2,841,386


FIXED MVA AND OTHER [2]
Beginning balance		256,542			432,267			432,525			428,035			423,675
Deposits/Premiums/other		4,016			1,973			202			4			—
Surrenders		(5,921	)		(3,626	)		(4,063	)		(2,606	)		(2,125	)
Death benefits/annuitizations/other [1]		(17,386	)		(4,788	)		(2,606	)		(2,558	)		(18,295	)
Transfers — 3 Win [1]		196,817			1,810			—			—			—

Net Flows		177,526			(4,631	)		(6,467	)		(5,160	)		(20,420	)
Change in market value/change in reserve/interest credited		725			2,648			2,646			2,586			2,360
Effect of currency translation on USD Fixed Annuity products		(2,526	)		2,241			(669	)		(1,786	)		755

Ending balance		432,267			432,525			428,035			423,675			406,370


TOTAL JAPAN
Beginning balance		3,728,750			3,126,963			3,056,566			3,252,356			3,261,753
Deposits/Premiums/other		32,216			20,897			10,010			1,574			797
Surrenders		(34,678	)		(15,517	)		(19,912	)		(18,162	)		(20,264	)
Death benefits/annuitizations/other [1]		(129,226	)		(17,496	)		(12,108	)		(11,910	)		(28,853	)

Net Flows		(131,688	)		(12,116	)		(22,010	)		(28,498	)		(48,320	)
Change in market value/change in reserve/interest credited		(467,573	)		(60,522	)		218,469			39,681			33,568
Effect of currency translation on USD Fixed Annuity products		(2,526	)		2,241			(669	)		(1,786	)		755

Ending balance	¥	3,126,963		¥	3,056,566		¥	3,252,356		¥	3,261,753		¥	3,247,756


[1]		Included in the three months ended December 31, 2009 are current period payments of ¥17 billion and interest credited of ¥1.3 billion related to 3 Win “GMIB” policies that triggered in fourth quarter 2008 and first quarter 2009 for option (2), which are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited. The 3 Win guaranteed minimum benefit “GMIB” requires the policyholder to elect one of the two options; either (1) receive 80% of their initial deposit without surrender penalty or (2) receive 100% of the initial deposit via a 15 year pay out annuity.

[2]		Of the total ending fixed MVA and other balance as of December 31, 2009 of ¥406.4 billion, approximately ¥164.9 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L - 27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	13		$	15		$	16		$	16		$	15			15	%		(6	%)	$	70		$	62			(11	%)
Cost of insurance charges		16			20			19			8			16			—			100	%		62			63			2	%
Mutual fund and other fees		4			5			3			4			6			50	%		50	%		20			18			(10	%)

Total fee income		33			40			38			28			37			12	%		32	%		152			143			(6	%)
Direct premiums		218			208			74			31			39			(82	%)		26	%		889			352			(60	%)

Total premiums and other considerations		251			248			112			59			76			(70	%)		29	%		1,041			495			(52	%)

Net investment income
Net investment income on G/A assets		180			187			212			209			196			9	%		(6	%)		964			804			(17	%)
Net investment income on assigned capital		9			5			6			6			6			(33	%)		—			35			23			(34	%)
Charge for invested capital		2			2			2			1			1			(50	%)		—			5			6			20	%

Total net investment income		191			194			220			216			203			6	%		(6	%)		1,004			833			(17	%)
Net realized capital (losses) — core		(1	)		(2	)		(2	)		(1	)		(2	)		(100	%)		(100	%)		—			(7	)		—

Total core revenues		441			440			330			274			277			(37	%)		1	%		2,045			1,321			(35	%)

Net realized gains (losses), before tax and DAC, excluded from core revenues		123			(237	)		(93	)		(144	)		(257	)	NM				(78	%)		(789	)		(731	)		7	%

Total revenues		564			203			237			130			20			(96	%)		(85	%)		1,256			590			(53	%)

Benefits and Expenses
Benefits and losses
Death benefits		15			20			19			8			14			(7	%)		75	%		57			61			7	%
Other contract benefits		130			126			133			134			128			(2	%)		(4	%)		483			521			8	%
Change in reserve		198			189			61			13			26			(87	%)		100	%		816			289			(65	%)
Interest credited on G/A assets		133			112			110			107			101			(24	%)		(6	%)		551			430			(22	%)

Total benefits and losses		476			447			323			262			269			(43	%)		3	%		1,907			1,301			(32	%)

Other insurance expenses
Commissions & wholesaling expenses		11			13			1			5			4			(64	%)		(20	%)		59			23			(61	%)
Operating expenses		18			16			16			17			15			(17	%)		(12	%)		85			64			(25	%)
Premium taxes and other expenses		3			2			1			(2	)		3			—		NM				7			4			(43	%)

Subtotal — expenses before deferral		32			31			18			20			22			(31	%)		10	%		151			91			(40	%)
Deferred policy acquisition costs		(5	)		(4	)		(1	)		(1	)		(2	)		60	%		(100	%)		(31	)		(8	)		74	%

Total other insurance expense		27			27			17			19			20			(26	%)		5	%		120			83			(31	%)
Amortization of deferred policy acquisition costs		3			5			2			6			4			33	%		(33	%)		19			17			(11	%)

Total benefits and expenses		506			479			342			287			293			(42	%)		2	%		2,046			1,401			(32	%)
Core (Loss) before income taxes		(65	)		(39	)		(12	)		(13	)		(16	)		75	%		(23	%)		(1	)		(80	)	NM
Income tax (benefit)		(25	)		(19	)		(7	)		(6	)		(8	)		68	%		(33	%)		(11	)		(40	)	NM

Core earnings (loss) [1]		(40	)		(20	)		(5	)		(7	)		(8	)		80	%		(14	%)		10			(40	)	NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings [2]		81			(154	)		(61	)		(94	)		(166	)	NM				(77	%)		(512	)		(475	)		7	%

Net income (loss) [1]	$	41		$	(174	)	$	(66	)	$	(101	)	$	(174	)	NM				(72	%)	$	(502	)	$	(515	)		(3	%)

RETURN ON ASSETS (After-tax bps)
Core earnings		(26.7	)		(13.5	)		(3.3	)		(4.6	)		(5.3	)		80	%		(15	%)		1.7			(6.7	)	NM
Net income (loss)		27.4			(117.3	)		(44.1	)		(66.8	)		(115.3	)	NM				(73	%)		(83.3	)		(86.5	)		(4	%)


[1]		The DAC unlock recorded in the three months ended September 30, 2009 decreased both core earnings and net income by $1.

[2]		See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L - 28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — DEPOSITS


											Year Over
	THREE MONTHS ENDED										Year			Sequential			YEAR ENDED
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2008		2009		2009		2009		2009		Change			Change			2008		2009		Change
Institutional
Structured settlements		170	$	243	$	101	$	66	$	52		(69	%)		(21	%)		812	$	462		(43	%)
Institutional annuities		10		5		1		5		2		(80	%)		(60	%)		96		13		(86	%)
Guaranteed interest products		254		3		7		—		—		(100	%)		—			1,695		10		(99	%)
Other		127		58		41		139		92		(28	%)		(34	%)		410		330		(20	%)

Subtotal		561		309		150		210		146		(74	%)		(30	%)		3,013		815		(73	%)
Mutual funds		309		342		702		387		466		51	%		20	%		1,557		1,897		22	%

Total Institutional		870		651		852		597		612		(30	%)		3	%		4,570		2,712		(41	%)


Private Placement Life Insurance
Corporate owned		45		7		55		16		41		(9	%)		156	%		183		119		(35	%)
Private clients		13		22		70		10		—		(100	%)		(100	%)		64		102		59	%

Total Private Placement Life Insurance		58		29		125		26		41		(29	%)		58	%		247		221		(11	%)


Total Institutional Solutions Group	$	928	$	680	$	977	$	623	$	653		(30	%)		5	%	$	4,817	$	2,933		(39	%)

L - 29

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT


											Year Over
											Year			Sequential
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month
	2008		2009		2009		2009		2009		Change			Change
INSTITUTIONAL
General account [1]	$	19,771	$	21,007	$	20,129	$	18,845	$	18,067		(9	%)		(4	%)
Guaranteed separate account		393		371		386		417		404		3	%		(3	%)
Non-guaranteed separate account		3,917		3,576		3,413		3,866		3,902		—			1	%

Total Institutional account value		24,081		24,954		23,928		23,128	$	22,373		(7	%)		(3	%)
Mutual fund assets		2,578		2,416		3,654		4,453		4,262		65	%		(4	%)

Total Institutional Assets Under Management	$	26,659	$	27,370	$	27,582	$	27,581	$	26,635		—			(3	%)


PRIVATE PLACEMENT LIFE INSURANCE
General account	$	46	$	45	$	44	$	44	$	4		(91	%)		(91	%)
Non-guaranteed separate account		32,413		32,109		32,550		33,153		33,352		3	%		1	%

Total Private Placement Life Insurance account value		32,459		32,154		32,594		33,197		33,356		3	%		—

TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account [1]	$	19,817	$	21,052	$	20,173	$	18,889	$	18,071		(9	%)		(4	%)
Guaranteed separate account		393		371		386		417		404		3	%		(3	%)
Non-guaranteed separate account		36,330		35,685		35,963		37,019		37,254		3	%		1	%

Total Institutional Solutions Group account value		56,540		57,108		56,522		56,325		55,729		(1	%)		(1	%)
Mutual fund assets		2,578		2,416		3,654		4,453		4,262		65	%		(4	%)

Total Institutional Solutions Group Assets Under Management	$	59,118	$	59,524	$	60,176	$	60,778	$	59,991		1	%		(1	%)


BY PRODUCT
Institutional
Structured settlements	$	7,137	$	7,373	$	7,472	$	7,531	$	7,573		6	%		1	%
Institutional annuities		3,067		3,030		3,037		3,064		3,046		(1	%)		(1	%)
Guaranteed interest products [1]		9,353		10,338		9,376		8,047		7,240		(23	%)		(10	%)
Other		4,524		4,213		4,043		4,486		4,514		—			1	%

Total Institutional		24,081		24,954		23,928		23,128		22,373		(7	%)		(3	%)


Private Placement Life Insurance		32,459		32,154		32,594		33,197		33,356		3	%		—

Total Institutional Solutions Group account value		56,540		57,108		56,522		56,325		55,729		(1	%)		(1	%)

Institutional Mutual Fund Assets		2,578		2,416		3,654		4,453		4,262		65	%		(4	%)


Total Institutional Solutions Group Assets Under Management	$	59,118	$	59,524	$	60,176	$	60,778	$	59,991		1	%		(1	%)


[1]		Included in the balance, beginning with the three months ended March 31, 2009, is approximately $1.5 billion related to an intrasegment funding agreement which is eliminated in consolidation.

L - 30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1]


	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2008			2009			2009			2009			2009
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	24,496		$	24,081		$	24,954		$	23,928		$	23,128
Deposits		561			309			150			210			146
Surrenders		(810	)		(631	)		(1,113	)		(1,457	)		(934	)
Death benefits/annuity payouts		(193	)		(192	)		(182	)		(186	)		(232	)
Transfers [5]		—			—			(318	)		—			—
Other Flows [4]		—			1,469			—			—			—

Net Flows		(442	)		955			(1,463	)		(1,433	)		(1,020	)
Change in market value/change in reserve/interest credited		27			(82	)		437			633			265

Ending balance	$	24,081		$	24,954		$	23,928		$	23,128		$	22,373


INSTITUTIONAL MUTUAL FUND ASSETS [2]
Beginning balance	$	3,325		$	2,578		$	2,416		$	3,654		$	4,453
Deposits		309			342			702			387			466
Surrenders		(243	)		(237	)		(272	)		(257	)		(912	)
Transfers [5]		—			—			318			—			—

Net Flows		66			105			748			130			(446	)
Change in market value/change in reserve/interest credited		(813	)		(267	)		490			669			255

Ending balance	$	2,578		$	2,416		$	3,654		$	4,453		$	4,262


PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]
Beginning balance	$	32,866		$	32,459		$	32,154		$	32,594		$	33,197
Deposits		58			29			125			26			41
Surrenders		(2	)		(283	)		(2	)		(2	)		(225	)
Death benefits/annuity payouts		(17	)		(46	)		(36	)		(17	)		(24	)

Net Flows		39			(300	)		87			7			(208	)
Change in market value/change in reserve/interest credited		(419	)		52			408			624			390
Other [3]		(27	)		(57	)		(55	)		(28	)		(23	)

Ending balance	$	32,459		$	32,154		$	32,594		$	33,197		$	33,356


INSTITUTIONAL SOLUTIONS GROUP
Beginning balance	$	60,687		$	59,118		$	59,524		$	60,176		$	60,778
Deposits		928			680			977			623			653
Surrenders		(1,055	)		(1,151	)		(1,387	)		(1,716	)		(2,071	)
Death benefits/annuity payouts		(210	)		(238	)		(218	)		(203	)		(256	)
Other Flows [4]		—			1,469			—			—			—

Net Flows		(337	)		760			(628	)		(1,296	)		(1,674	)
Change in market value/change in reserve/interest credited		(1,205	)		(297	)		1,335			1,926			910
Other [3]		(27	)		(57	)		(55	)		(28	)		(23	)

Ending balance	$	59,118		$	59,524		$	60,176		$	60,778		$	59,991


[1]		Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.

[2]		Mutual Fund assets are an internal measure used by the Company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.

[3]		Primarily consists of cost of insurance and M&E charges.

[4]		This flow is related to an intrasegment funding agreement which is eliminated in consolidation.

[5]		In the three months ended June 30, 2009 there was a transfer of funds related to one case from Institutional Investment Products to Institutional Mutual Funds.

L - 31

PROPERTY & CASUALTY

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
FINANCIAL HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,467		$	2,459		$	2,463		$	2,436		$	2,353			(5	%)		(3	%)	$	10,231		$	9,711			(5	%)
Earned premiums		2,570			2,511			2,478			2,431			2,441			(5	%)		—			10,338			9,861			(5	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		202			75			(10	)		(11	)		66			(67	%)	NM				280			120			(57	%)
Small Commercial		167			87			74			90			144			(14	%)		60	%		437			395			(10	%)
Middle Market		148			69			56			61			72			(51	%)		18	%		169			258			53	%
Specialty Commercial		58			23			36			30			81			40	%		170	%		71			170			139	%

Ongoing Operations underwriting results		575			254			156			170			363			(37	%)		114	%		957			943			(1	%)
Other Operations [1]		(7	)		(5	)		(124	)		(88	)		(44	)	NM				50	%		(145	)		(261	)		(80	%)

Total Property & Casualty underwriting results	$	568		$	249		$	32		$	82		$	319			(44	%)	NM			$	812		$	682			(16	%)

ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		58.0			63.0			61.9			65.2			65.1			(7.1	)		0.1			61.9			63.8			(1.9	)
Current accident year catastrophes [3]		(0.1	)		2.6			5.8			4.7			(0.7	)		0.6			5.4			5.3			3.1			2.2
Prior accident years [4]		(7.6	)		(2.7	)		(2.4	)		(5.5	)		(6.8	)		(0.8	)		1.3			(3.4	)		(4.3	)		0.9

Total losses and loss adjustment expenses		50.3			62.8			65.3			64.4			57.6			(7.3	)		6.8			63.7			62.6			1.1

Expenses [5]		27.1			26.8			28.2			28.4			27.7			(0.6	)		0.7			26.6			27.8			(1.2	)
Policyholder dividends [6]		0.2			0.2			0.2			0.2			(0.2	)		0.4			0.4			0.5			0.1			0.4

Combined ratio		77.6			89.9			93.7			93.0			85.1			(7.5	)		7.9			90.7			90.4			0.3


Catastrophes
Current year		(0.1	)		2.6			5.8			4.7			(0.7	)		0.6			5.4			5.3			3.1			2.2
Prior year		(0.2	)		0.2			(0.2	)		(0.4	)		(0.4	)		0.2			—			(0.2	)		(0.2	)		—

Catastrophe ratio		(0.4	)		2.8			5.6			4.4			(1.1	)		0.7			5.5			5.0			2.9			2.1

Combined ratio before catastrophes		78.0			87.1			88.1			88.6			86.2			(8.2	)		2.4			85.7			87.5			(1.8	)
Combined ratio before catastrophes and prior year development		85.3			90.0			90.4			93.8			92.6			(7.3	)		1.2			88.9			91.7			(2.8	)


Total Property & Casualty Income and ROE
Net income	$	291		$	112		$	173		$	190		$	508			75	%		167	%	$	92		$	983		NM
Core earnings	$	452		$	321		$	212		$	246		$	378			(16	%)		54	%	$	1,317		$	1,157			(12	%)

Core earnings ROE (rolling 12 months income)
Ongoing Operations		17.1	%		16.0	%		14.9	%		17.5	%		16.1	%		(1.0	)		(1.4	)
Other Operations		5.7	%		6.1	%		(4.3	%)		(10.7	%)		(12.0	%)		(17.7	)		(1.3	)
Total Property & Casualty		16.2	%		15.2	%		13.8	%		15.8	%		14.0	%		(2.2	)		(1.8	)


	PROPERTY & CASUALTY
	Dec. 31,		Dec. 31,
	2008		2009		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	6.0	$	7.4	$	1.4
Total Property and Casualty premium to adjusted surplus ratio		1.7		1.3		(0.4	)


[1]		The year ended December 31, 2008 included net asbestos reserve strengthening of $50 and environmental reserve strengthening of $53. The three months ended June 30, 2009 included net asbestos reserve strengthening of $138. The three months ended September 30, 2009 included environmental reserve strengthening of $75.

[2]		The three months ended December 31, 2008 included a current accident year reserve release, totaling 3.7 points, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended September 30, 2009 included current accident year reserve strengthening, totaling 0.3 points, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening, totaling 0.2 points, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims.

[3]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike.

[4]		Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

[5]		The year ended December 31, 2008 included an assessment from the Texas Windstorm Insurance Association (TWIA) totaling 0.2 points, primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment totaling 0.6 points. The three months ended June 30, 2009 included an increase in taxes, licenses and fees due to an increase in the assessment for a second injury fund and reserve strengthening for other state funds and taxes totaling 0.9 points.

[6]		Included in policyholder dividends for the year ended December 31, 2008 was an increase of 0.3 points in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends, totaling 0.4 points.

PC-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,467		$	2,459		$	2,463		$	2,436		$	2,353			(5	%)		(3	%)	$	10,231		$	9,711			(5	%)
Change in unearned premium reserve		(103	)		(52	)		(15	)		5			(88	)		15	%	NM				(107	)		(150	)		(40	%)

Earned premiums		2,570			2,511			2,478			2,431			2,441			(5	%)		—			10,338			9,861			(5	%)

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,488			1,581			1,534			1,586			1,589			7	%		—			6,390			6,290			(2	%)
Current accident year catastrophes [2]		(3	)		65			142			115			(16	)	NM			NM				543			306			(44	%)
Prior accident years [3]		(192	)		(68	)		62			(52	)		(128	)		33	%		(146	%)		(226	)		(186	)		18	%

Total losses and loss adjustment expenses		1,293			1,578			1,738			1,649			1,445			12	%		(12	%)		6,707			6,410			(4	%)

Underwriting expenses [4]		704			679			703			695			682			(3	%)		(2	%)		2,772			2,759			—
Dividends to policyholders [5]		5			5			5			5			(5	)	NM			NM				47			10			(79	%)

Underwriting results		568			249			32			82			319			(44	%)	NM				812			682			(16	%)

Net servicing income		10			8			7			10			12			20	%		20	%		31			37			19	%
Net investment income		162			225			280			294			307			90	%		4	%		1,253			1,106			(12	%)
Periodic net coupon settlements on credit derivatives, before-tax		(3	)		(3	)		(4	)		(3	)		(2	)		33	%		33	%		2			(12	)	NM
Other expenses [6]		(41	)		(49	)		(50	)		(46	)		(78	)		(90	%)		(70	%)		(222	)		(223	)		—
Income tax expense		(244	)		(109	)		(53	)		(91	)		(180	)		26	%		(98	%)		(559	)		(433	)		23	%

Core earnings		452			321			212			246			378			(16	%)		54	%		1,317			1,157			(12	%)

Add: Net realized capital (losses) gains, after-tax, excluded from core earnings [7]		(161	)		(209	)		(39	)		(56	)		130		NM			NM				(1,225	)		(174	)		86	%

Net income	$	291		$	112		$	173		$	190		$	508			75	%		167	%	$	92		$	983		NM

Total Property & Casualty effective tax rate — net income		35.7	%		(2.1	%)		9.8	%		23.9	%		32.8	%		(2.9	)		8.9		NM				24.8	%	NM
Total Property & Casualty effective tax rate — core earnings		35.1	%		25.2	%		20.5	%		26.8	%		32.2	%		(2.9	)		5.4			29.8	%		27.2	%		(2.6	)


[1]		The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended September 30, 2009 included current accident year reserve strengthening of $8, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening of $5, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims.

[2]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike.

[3]		The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The year ended December 31, 2008 included $156 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $75 of reserve releases related to professional liability claims, $70 of reserve releases related to Personal Lines auto liability claims and $40 of net reserve releases related to Middle Market general liability claims, partially offset by $53 of environmental reserve strengthening and $50 of net asbestos reserve strengthening. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims. The three months and year ended December 31, 2009 included $25 of Other Operations unallocated loss adjustment expense reserve strengthening. The year ended December 31, 2009 included $127 of reserve releases related to professional liability claims, $124 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $112 of reserve releases related to Middle Market general liability claims, $92 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, a $40 reduction in the allowance for uncollectible reinsurance, partially offset by $138 of net asbestos reserve strengthening, $75 of environmental reserve strengthening, $38 of reserve strengthening related to package business, $28 of reserve strengthening related to surety business and $18 of reserve strengthening related to homeowners business.

[4]		The year ended December 31, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.

[5]		Included in policyholder dividends for the year ended December 31, 2008 was a $26 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends of $10.

[6]		The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.

[7]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,465		$	2,458		$	2,462		$	2,436		$	2,351			(5	%)		(3	%)	$	10,224		$	9,707			(5	%)
Change in unearned premium reserve		(102	)		(53	)		(15	)		5			(91	)		11	%	NM				(107	)		(154	)		(44	%)

Earned premiums		2,567			2,511			2,477			2,431			2,442			(5	%)		—			10,331			9,861			(5	%)

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,488			1,581			1,534			1,586			1,589			7	%		—			6,390			6,290			(2	%)
Current accident year catastrophes [2]		(3	)		65			142			115			(16	)	NM			NM				543			306			(44	%)
Prior accident years [3]		(195	)		(68	)		(59	)		(135	)		(166	)		15	%		(23	%)		(355	)		(428	)		(21	%)

Total losses and loss adjustment expenses		1,290			1,578			1,617			1,566			1,407			9	%		(10	%)		6,578			6,168			(6	%)

Underwriting expenses [4]		697			674			699			690			677			(3	%)		(2	%)		2,749			2,740			—
Dividends to policyholders [5]		5			5			5			5			(5	)	NM			NM				47			10			(79	%)

Underwriting results		575			254			156			170			363			(37	%)		114	%		957			943			(1	%)

Net servicing income		10			8			7			10			12			20	%		20	%		31			37			19	%
Net investment income		127			185			239			254			265			109	%		4	%		1,056			943			(11	%)
Periodic net coupon settlements on credit derivatives, before-tax		(3	)		(3	)		(4	)		(3	)		(2	)		33	%		33	%		2			(12	)	NM
Other expenses [6]		(39	)		(50	)		(48	)		(47	)		(78	)		(100	%)		(66	%)		(219	)		(223	)		(2	%)
Income tax expense		(236	)		(97	)		(87	)		(106	)		(181	)		23	%		(71	%)		(552	)		(471	)		15	%


Core earnings		434			297			263			278			379			(13	%)		36	%		1,275			1,217			(5	%)
Add: Net realized capital (losses) gains, after-tax, excluded from core earnings [7]		(137	)		(186	)		(41	)		(49	)		119		NM			NM				(1,086	)		(157	)		86	%

Net income	$	297		$	111		$	222		$	229		$	498			68	%		117	%	$	189		$	1,060		NM

Ongoing Operations effective tax rate — net income		35.4	%		(2.5	%)		18.8	%		25.8	%		33.0	%		(2.4	)		7.2		NM				26.1	%	NM
Ongoing Operations effective tax rate — core earnings		35.3	%		24.8	%		24.7	%		27.6	%		32.4	%		(2.9	)		4.8			30.2	%		27.9	%		(2.3	)


[1]		The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended September 30, 2009 included current accident year reserve strengthening of $8, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening of $5, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims.

[2]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike.

[3]		The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The year ended December 31, 2008 included $156 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $75 of reserve releases related to professional liability claims, $70 of reserve releases related to Personal Lines auto liability claims and $40 of net reserve releases related to Middle Market general liability claims. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims. The year ended December 31, 2009 included $127 of reserve releases related to professional liability claims, $124 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $112 of reserve releases related to Middle Market general liability claims, $92 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, a $20 reduction in the allowance for uncollectible reinsurance, partially offset by $38 of reserve strengthening related to package business, $28 of reserve strengthening related to surety business and $18 of reserve strengthening related to homeowners business.

[4]		The year ended December 31, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.

[5]		Included in policyholder dividends for the year ended December 31, 2008 was a $26 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends of $10.

[6]		The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.

[7]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	2,465		$	2,458		$	2,462		$	2,436		$	2,351			(5	%)		(3	%)	$	10,224		$	9,707			(5	%)
Change in unearned premium reserve		(102	)		(53	)		(15	)		5			(91	)		11	%	NM				(107	)		(154	)		(44	%)

Earned premiums		2,567			2,511			2,477			2,431			2,442			(5	%)		—			10,331			9,861			(5	%)

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,488			1,581			1,534			1,586			1,589			7	%		—			6,390			6,290			(2	%)
Current accident year catastrophes [2]		(3	)		65			142			115			(16	)	NM			NM				543			306			(44	%)
Prior accident years [3]		(195	)		(68	)		(59	)		(135	)		(166	)		15	%		(23	%)		(355	)		(428	)		(21	%)

Total losses and loss adjustment expenses		1,290			1,578			1,617			1,566			1,407			9	%		(10	%)		6,578			6,168			(6	%)

Underwriting expenses [4]		697			674			699			690			677			(3	%)		(2	%)		2,749			2,740			—
Dividends to policyholders [5]		5			5			5			5			(5	)	NM			NM				47			10			(79	%)

Underwriting results	$	575		$	254		$	156		$	170		$	363			(37	%)		114	%	$	957		$	943			(1	%)


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		58.0			63.0			61.9			65.2			65.1			(7.1	)		0.1			61.9			63.8			(1.9	)
Current accident year catastrophes [2]		(0.1	)		2.6			5.8			4.7			(0.7	)		0.6			5.4			5.3			3.1			2.2
Prior accident years [3] [6]		(7.6	)		(2.7	)		(2.4	)		(5.5	)		(6.8	)		(0.8	)		1.3			(3.4	)		(4.3	)		0.9

Total losses and loss adjustment expenses		50.3			62.8			65.3			64.4			57.6			(7.3	)		6.8			63.7			62.6			1.1

Expenses		27.1			26.8			28.2			28.4			27.7			(0.6	)		0.7			26.6			27.8			(1.2	)
Policyholder dividends		0.2			0.2			0.2			0.2			(0.2	)		0.4			0.4			0.5			0.1			0.4

Combined ratio		77.6			89.9			93.7			93.0			85.1			(7.5	)		7.9			90.7			90.4			0.3


Catastrophes
Current year		(0.1	)		2.6			5.8			4.7			(0.7	)		0.6			5.4			5.3			3.1			2.2
Prior year		(0.2	)		0.2			(0.2	)		(0.4	)		(0.4	)		0.2			—			(0.2	)		(0.2	)		—

Catastrophe ratio		(0.4	)		2.8			5.6			4.4			(1.1	)		0.7			5.5			5.0			2.9			2.1


Combined ratio before catastrophes		78.0			87.1			88.1			88.6			86.2			(8.2	)		2.4			85.7			87.5			(1.8	)

Combined ratio before catastrophes and prior year development		85.3			90.0			90.4			93.8			92.6			(7.3	)		1.2			88.9			91.7			(2.8	)


[1]		The three months ended December 31, 2008 included a current accident year reserve release, totaling $95, or 3.7 points, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended September 30, 2009 included current accident year reserve strengthening, totaling $8, or 0.3 points, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening, totaling $5, or 0.2 points, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims.

[2]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike.

[3]		The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The year ended December 31, 2008 included $156 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $75 of reserve releases related to professional liability claims, $70 of reserve releases related to Personal Lines auto liability claims and $40 of net reserve releases related to Middle Market general liability claims. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims. The year ended December 31, 2009 included $127 of reserve releases related to professional liability claims, $124 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $112 of reserve releases related to Middle Market general liability claims, $92 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, a $20 reduction in the allowance for uncollectible reinsurance, partially offset by $38 of reserve strengthening related to package business, $28 of reserve strengthening related to surety business and $18 of reserve strengthening related to homeowners business.

[4]		The year ended December 31, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.

[5]		Included in policyholder dividends for the year ended December 31, 2008 was a $26 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends of $10.

[6]		Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	936		$	944		$	1,045		$	1,048		$	950			1	%		(9	%)	$	3,925		$	3,987			2	%
Change in unearned premium reserve		(49	)		(35	)		60			60			(50	)		(2	%)	NM				(1	)		35		NM

Earned premiums		985			979			985			988			1,000			2	%		1	%		3,926			3,952			1	%

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		628			627			649			695			729			16	%		5	%		2,542			2,700			6	%
Current accident year catastrophes [2]		(37	)		42			110			90			(14	)		62	%	NM				258			228			(12	%)
Prior accident years [3]		(35	)		10			—			(25	)		(18	)		49	%		28	%		(51	)		(33	)		35	%

Total losses and loss adjustment expenses		556			679			759			760			697			25	%		(8	%)		2,749			2,895			5	%

Underwriting expenses [4]		227			225			236			239			237			4	%		(1	%)		897			937			4	%

Underwriting results	$	202		$	75		$	(10	)	$	(11	)	$	66			(67	%)	NM			$	280		$	120			(57	%)


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		63.8			64.1			65.9			70.3			73.0			(9.2	)		(2.7	)		64.8			68.3			(3.5	)
Current accident year catastrophes [2]		(3.8	)		4.3			11.2			9.1			(1.4	)		(2.4	)		10.5			6.6			5.8			0.8
Prior accident years [3] [5]		(3.5	)		1.1			—			(2.5	)		(1.8	)		(1.7	)		(0.7	)		(1.3	)		(0.8	)		(0.5	)

Total losses and loss adjustment expenses		56.5			69.4			77.0			76.9			69.8			(13.3	)		7.1			70.0			73.3			(3.3	)

Expenses		23.0			23.0			24.0			24.2			23.7			(0.7	)		0.5			22.8			23.7			(0.9	)

Combined ratio		79.5			92.4			101.0			101.1			93.4			(13.9	)		7.7			92.9			97.0			(4.1	)

Catastrophes
Current year		(3.8	)		4.3			11.2			9.1			(1.4	)		(2.4	)		10.5			6.6			5.8			0.8
Prior year		0.3			1.1			0.8			(1.0	)		(0.3	)		0.6			(0.7	)		0.2			0.1			0.1

Catastrophe ratio		(3.5	)		5.4			12.0			8.1			(1.7	)		(1.8	)		9.8			6.8			5.9			0.9


Combined ratio before catastrophes		82.9			87.0			89.0			93.0			95.2			(12.3	)		(2.2	)		86.1			91.1			(5.0	)

Combined ratio before catastrophes and prior year development		86.8			87.0			89.8			94.5			96.7			(9.9	)		(2.2	)		87.6			92.0			(4.4	)


COMBINED RATIO
Automobile		86.5			89.3			95.6			98.1			103.3			(16.8	)		(5.2	)		91.0			96.6			(5.6	)
Homeowners		61.7			100.3			114.9			109.2			68.3			(6.6	)		40.9			97.6			98.0			(0.4	)

Total		79.5			92.4			101.0			101.1			93.4			(13.9	)		7.7			92.9			97.0			(4.1	)


[1]		The three months ended December 31, 2008 included a current accident year reserve release of $33, or 3.4 points, primarily related to auto liability claims. The three months ended June 30, 2009 included current accident year reserve strengthening of $2, or 0.2 points, related to auto liability claims. The three months ended September 30, 2009 included current accident year reserve strengthening of $10, or 1.0 points, related to auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening of $14, or 1.4 points, primarily related to auto liability claims.

[2]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike. The estimate of hurricane Ike losses was reduced by $42 during the fourth quarter of 2008.

[3]		The three months and year ended December 31, 2008 included reserve releases of $38 and $70, respectively, related to auto liability claims. The three months and year ended December 31, 2009 included reserve releases of $24 and $77, respectively, related to auto liability claims. The year ended December 31, 2009 included reserve strengthening of $18 related to homeowners business.

[4]		The year ended December 31, 2008 included an assessment of $10 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $7.

[5]		Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
WRITTEN AND EARNED PREMIUMS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	669		$	681		$	763		$	755		$	672			—			(11	%)	$	2,813		$	2,871			2	%
Agency		252			249			268			280			264			5	%		(6	%)		1,050			1,061			1	%
Other		15			14			14			13			14			(7	%)		8	%		62			55			(11	%)

Total	$	936		$	944		$	1,045		$	1,048		$	950			1	%		(9	%)	$	3,925		$	3,987			2	%

EARNED PREMIUMS [1]
AARP	$	705		$	703		$	709		$	712		$	720			2	%		1	%	$	2,778		$	2,844			2	%
Agency		264			261			261			261			266			1	%		2	%		1,080			1,049			(3	%)
Other		16			15			15			15			14			(13	%)		(7	%)		68			59			(13	%)

Total	$	985		$	979		$	985		$	988		$	1,000			2	%		1	%	$	3,926		$	3,952			1	%


PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	676		$	707		$	742		$	741		$	679			—			(8	%)	$	2,829		$	2,869			1	%
Homeowners		260			237			303			307			271			4	%		(12	%)		1,096			1,118			2	%

Total	$	936		$	944		$	1,045		$	1,048		$	950			1	%		(9	%)	$	3,925		$	3,987			2	%

EARNED PREMIUMS [1]
Automobile	$	704		$	704		$	711		$	716		$	719			2	%		—		$	2,824		$	2,850			1	%
Homeowners		281			275			274			272			281			—			3	%		1,102			1,102			—

Total	$	985		$	979		$	985		$	988		$	1,000			2	%		1	%	$	3,926		$	3,952			1	%


STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Renewal Written Price Increases [2]
Automobile		4	%		3	%		3	%		3	%		4	%		—			1	%		4	%		3	%		(1	%)
Homeowners		6	%		6	%		5	%		5	%		7	%		1	%		2	%		6	%		5	%		(1	%)

Policy Count Retention [3]
Automobile		86	%		86	%		86	%		86	%		86	%		—			—			86	%		86	%		—
Homeowners		86	%		86	%		86	%		86	%		86	%		—			—			87	%		86	%		(1	%)

New Business Premium $
Automobile	$	96		$	115		$	124		$	117		$	99			3	%		(15	%)	$	364		$	455			25	%
Homeowners	$	26		$	31		$	40		$	42		$	36			38	%		(14	%)	$	106		$	149			41	%

Policies in force
Automobile		2,323,882			2,347,967			2,375,240			2,394,043			2,395,421			3	%		—
Homeowners		1,455,954			1,460,172			1,471,287			1,483,795			1,488,408			2	%		—


[1]		The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

[2]		Renewal written price increases represents the combined effect of rate changes and amount of insurance per unit of exposure since the prior year. It does not include other factors that affect average premium per unit of exposure such as changes in the mix of business by state, territory, class plan and tier of risk.

[3]		Policy count retention represents the ratio of the number of policies renewed during the period divided by the number of policies from the previous policy term period.

PC-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SMALL COMMERCIAL
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	622		$	693		$	643		$	626		$	610			(2	%)		(3	%)	$	2,696		$	2,572			(5	%)
Change in unearned premium reserve		(54	)		41			—			(14	)		(35	)		35	%		(150	%)		(28	)		(8	)		71	%

Earned premiums		676			652			643			640			645			(5	%)		1	%		2,724			2,580			(5	%)

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		317			362			340			349			345			9	%		(1	%)		1,447			1,396			(4	%)
Current accident year catastrophes [2]		29			6			23			19			(4	)	NM			NM				122			44			(64	%)
Prior accident years [3]		(39	)		5			10			(19	)		(32	)		18	%		(68	%)		(89	)		(36	)		60	%

Total losses and loss adjustment expenses		307			373			373			349			309			1	%		(11	%)		1,480			1,404			(5	%)

Underwriting expenses [4]		201			191			195			200			194			(3	%)		(3	%)		793			780			(2	%)
Dividends to policyholders [5]		1			1			1			1			(2	)	NM			NM				14			1			(93	%)

Underwriting results	$	167		$	87		$	74		$	90		$	144			(14	%)		60	%	$	437		$	395			(10	%)


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		46.8			55.5			52.8			54.7			53.4			(6.6	)		1.3			53.1			54.1			(1.0	)
Current accident year catastrophes [2]		4.4			1.0			3.6			2.9			(0.7	)		5.1			3.6			4.5			1.7			2.8
Prior accident years [3] [6]		(5.8	)		0.8			1.5			(3.1	)		(4.8	)		(1.0	)		1.7			(3.3	)		(1.4	)		(1.9	)

Total losses and loss adjustment expenses		45.4			57.3			58.0			54.5			47.8			(2.4	)		6.7			54.3			54.4			(0.1	)

Expenses		29.7			29.3			30.4			31.2			30.1			(0.4	)		1.1			29.1			30.2			(1.1	)
Policyholder dividends		0.2			0.1			0.2			0.2			(0.3	)		0.5			0.5			0.5			—			0.5

Combined ratio		75.4			86.6			88.6			85.9			77.6			(2.2	)		8.3			84.0			84.7			(0.7	)


Catastrophes
Current year		4.4			1.0			3.6			2.9			(0.7	)		5.1			3.6			4.5			1.7			2.8
Prior year		—			0.1			(0.3	)		(0.1	)		(0.2	)		0.2			0.1			(0.1	)		(0.1	)		—

Catastrophe ratio		4.4			1.1			3.3			2.9			(0.9	)		5.3			3.8			4.4			1.6			2.8


Combined ratio before catastrophes		71.0			85.5			85.3			83.0			78.5			(7.5	)		4.5			79.6			83.1			(3.5	)

Combined ratio before catastrophes and prior year development		76.8			84.8			83.4			86.0			83.1			(6.3	)		2.9			82.8			84.4			(1.6	)


STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Renewal Written Price Increases/(Decreases) [7]		1	%		—			—			(1	%)		(1	%)		(2	%)		—			(1	%)		—			1	%

Policy Count Retention [8]		80	%		81	%		81	%		81	%		84	%		4	%		3	%		82	%		81	%		(1	%)

New Business Premium $	$	97		$	119		$	120		$	126		$	117			21	%		(7	%)	$	446		$	482			8	%

Policies in force		1,055,463			1,053,568			1,060,482			1,069,157			1,077,189			2	%		1	%


[1]		The three months ended December 31, 2008 included a current accident year reserve release, totaling $30, or 4.4 points, primarily related to workers’ compensation business.

[2]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike. The estimate of hurricane Ike losses was increased by $31 during the fourth quarter of 2008.

[3]		The three months and year ended December 31, 2008 included reserve releases of $20 and $92, respectively, related to workers’ compensation business. The three months and year ended December 31, 2009 included reserve releases of $23 and $33, respectively, related to auto liability claims. The year ended December 31, 2009 included a reserve release of $40 related to workers’ compensation business and reserve strengthening of $38 related to package business.

[4]		The year ended December 31, 2008 included an assessment of $7 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $5.

[5]		Included in policyholder dividends for the year ended December 31, 2008 was an $8 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends of $3.

[6]		Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

[7]		Renewal written price increases (decreases) represents the combined effect of rate changes, amount of insurance and individual risk pricing decisions per unit of exposure since the prior year. It does not include other factors that affect average premium per unit of exposure such as changes in the mix of business by state, territory, class plan and tier of risk.

[8]		Policy count retention represents the ratio of the number of policies renewed during the period divided by the number of policies from the previous policy term period.

PC-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
MIDDLE MARKET
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	577		$	526		$	482		$	496		$	517			(10	%)		4	%	$	2,242		$	2,021			(10	%)
Change in unearned premium reserve		15			(22	)		(56	)		(14	)		12			(20	%)	NM				(57	)		(80	)		(40	%)

Earned premiums		562			548			538			510			505			(10	%)		(1	%)		2,299			2,101			(9	%)

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		314			359			331			333			329			5	%		(1	%)		1,460			1,352			(7	%)
Current accident year catastrophes [2]		10			16			8			6			2			(80	%)		(67	%)		116			32			(72	%)
Prior accident years [3]		(79	)		(58	)		(22	)		(52	)		(55	)		30	%		(6	%)		(134	)		(187	)		(40	%)

Total losses and loss adjustment expenses		245			317			317			287			276			13	%		(4	%)		1,442			1,197			(17	%)

Underwriting expenses [4]		167			160			161			160			157			(6	%)		(2	%)		667			638			(4	%)
Dividends to policyholders [5]		2			2			4			2			—			(100	%)		(100	%)		21			8			(62	%)

Underwriting results	$	148		$	69		$	56		$	61		$	72			(51	%)		18	%	$	169		$	258			53	%


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		56.0			65.5			61.6			65.1			65.1			(9.1	)		—			63.5			64.3			(0.8	)
Current accident year catastrophes [2]		1.8			2.8			1.6			1.2			0.4			1.4			0.8			5.1			1.5			3.6
Prior accident years [3] [6]		(14.1	)		(10.5	)		(4.2	)		(10.1	)		(11.0	)		(3.1	)		0.9			(5.9	)		(8.9	)		3.0

Total losses and loss adjustment expenses		43.7			57.8			59.1			56.2			54.6			(10.9	)		1.6			62.7			57.0			5.7

Expenses		29.7			29.3			29.8			31.4			31.2			(1.5	)		0.2			29.0			30.4			(1.4	)
Policyholder dividends		0.3			0.4			0.6			0.4			—			0.3			0.4			0.9			0.4			0.5

Combined ratio		73.7			87.5			89.5			88.0			85.8			(12.1	)		2.2			92.6			87.7			4.9


Catastrophes
Current year		1.8			2.8			1.6			1.2			0.4			1.4			0.8			5.1			1.5			3.6
Prior year		(0.8	)		(1.0	)		(0.8	)		0.2			(1.1	)		0.3			1.3			(0.5	)		(0.7	)		0.2

Catastrophe ratio		1.1			1.8			0.8			1.4			(0.6	)		1.7			2.0			4.6			0.9			3.7

Combined ratio before catastrophes		72.7			85.7			88.7			86.6			86.4			(13.7	)		0.2			88.1			86.9			1.2

Combined ratio before catastrophes and prior year development		86.0			95.2			92.1			97.0			96.3			(10.3	)		0.7			93.4			95.1			(1.7	)


STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Renewal Written Price Decreases [7]		(5	%)		(2	%)		(1	%)		(2	%)		—			5	%		2	%		(6	%)		(2	%)		4	%

Policy Count Retention [8]		79	%		78	%		76	%		76	%		78	%		(1	%)		2	%		79	%		77	%		(2	%)

New Business Premium $	$	103		$	115		$	106		$	103		$	110			7	%		7	%	$	420		$	434			3	%

Policies in force		97,308			97,176			96,574			95,966			95,540			(2	%)		—


[1]		The three months ended December 31, 2008 included a current accident year reserve release, totaling $28, or 5.1 points, primarily related to workers’ compensation business. The three months ended September 30, 2009 included a current accident year reserve release, totaling $2, or 0.4 points, primarily related to general liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening, totaling $5, or 1.0 points, largely related to general liability claims.

[2]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike.

[3]		The three months and year ended December 31, 2008 included net reserve releases of $48 and $40, respectively, related to general liability claims and reserve releases of $30 and $64, respectively, related to workers’ compensation business. The three months and year ended December 31, 2009 included reserve releases of $27 and $112, respectively, related to general liability claims and net reserve releases of $16 and $14, respectively, related to auto liability claims. The year ended December 31, 2009 included reserve releases of $52 related to workers’ compensation business.

[4]		The year ended December 31, 2008 included an assessment of $3 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $2.

[5]		Included in policyholder dividends for the year ended December 31, 2008 was a $14 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends of $2.

[6]		Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

[7]		Renewal written price decreases represents the combined effect of rate changes, amount of insurance and individual risk pricing decisions per unit of exposure since the prior year. It does not include other factors that affect average premium per unit of exposure such as changes in the mix of business by state, territory, class plan and tier of risk.

[8]		Policy count retention represents the ratio of the number of policies renewed during the period divided by the number of policies from the previous policy term period.

PC-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums [1]	$	330		$	295		$	292		$	266		$	274			(17	%)		3	%	$	1,361		$	1,127			(17	%)
Change in unearned premium reserve		(14	)		(37	)		(19	)		(27	)		(18	)		(29	%)		33	%		(21	)		(101	)	NM

Earned premiums		344			332			311			293			292			(15	%)		—			1,382			1,228			(11	%)

Losses and loss adjustment expenses
Current accident year before catastrophes [2]		229			233			214			209			186			(19	%)		(11	%)		941			842			(11	%)
Current accident year catastrophes [3]		(5	)		1			1			—			—			100	%		—			47			2			(96	%)
Prior accident years [4]		(42	)		(25	)		(47	)		(39	)		(61	)		(45	%)		(56	%)		(81	)		(172	)		(112	%)

Total losses and loss adjustment expenses		182			209			168			170			125			(31	%)		(26	%)		907			672			(26	%)

Underwriting expenses [5]		102			98			107			91			89			(13	%)		(2	%)		392			385			(2	%)
Dividends to policyholders [6]		2			2			—			2			(3	)	NM			NM				12			1			(92	%)

Underwriting results	$	58		$	23		$	36		$	30		$	81			40	%		170	%	$	71		$	170			139	%


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		66.4			70.3			68.7			71.1			64.1			2.3			7.0			68.1			68.6			(0.5	)
Current accident year catastrophes [3]		(1.7	)		0.1			0.3			0.2			(0.2	)		(1.5	)		0.4			3.4			0.1			3.3
Prior accident years [4] [7]		(12.0	)		(7.9	)		(15.0	)		(13.0	)		(20.8	)		8.8			7.8			(5.8	)		(14.0	)		8.2

Total losses and loss adjustment expenses		52.7			62.6			54.0			58.3			43.0			9.7			15.3			65.6			54.7			10.9

Expenses		29.7			29.5			34.5			31.0			30.5			(0.8	)		0.5			28.3			31.4			(3.1	)
Policyholder dividends		0.5			0.7			0.1			0.5			(1.2	)		1.7			1.7			0.9			0.1			0.8

Combined ratio		83.0			92.8			88.7			89.8			72.4			10.6			17.4			94.8			86.2			8.6


Catastrophes
Current year		(1.7	)		0.1			0.3			0.2			(0.2	)		(1.5	)		0.4			3.4			0.1			3.3
Prior year		(1.5	)		(0.2	)		(1.7	)		0.2			0.1			(1.6	)		0.1			(1.2	)		(0.4	)		(0.8	)

Catastrophe ratio		(3.2	)		(0.1	)		(1.4	)		0.4			(0.1	)		(3.1	)		0.5			2.2			(0.3	)		2.5

Combined ratio before catastrophes		86.1			92.9			90.1			89.4			72.5			13.6			16.9			92.6			86.5			6.1

Combined ratio before catastrophes and prior year development		96.7			100.5			103.4			102.6			93.4			3.3			9.2			97.3			100.1			(2.8	)


[1]		Concurrent with the sale of the Company’s core excess and surplus lines of business in March, 2009, the Company ceded $26 of unearned premium to the buyer, reflected as a reduction of written premium in the three months ended March 31, 2009.

[2]		The three months ended December 31, 2008 included a current accident year reserve release, totaling $3, or 0.9 points, primarily related to programs business. The three months ended June 30, 2009 included a current accident year reserve release, totaling $2, or 0.7 points, related to workers’ compensation business. The three months ended December 31, 2009 included a current accident year reserve release, totaling $14, or 4.8 points, primarily related to professional liability and workers’ compensation claims.

[3]		Catastrophe losses for the year ended December 31, 2008 included losses from hurricane Ike.

[4]		The three months and year ended December 31, 2008 included reserve releases of $30 and $75, respectively, related to professional liability claims. The three months and year ended December 31, 2009 included reserve releases of $53 and $127, respectively, related to professional liability claims. The year ended December 31, 2009 included a $20 reduction in the allowance for uncollectible reinsurance and $28 of reserve strengthening related to surety business.

[5]		The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.

[6]		Included in policyholder dividends for the year ended December, 31, 2008 was a $5 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended December 31, 2009 included a decrease in prior year dividends of $5.

[7]		Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
WRITTEN AND EARNED PREMIUMS


												Year Over
	THREE MONTHS ENDED											Year			Sequential			YEAR ENDED
	Dec. 31,		Mar. 31,			Jun. 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2008		2009			2009		2009		2009		Change			Change			2008		2009			Change

WRITTEN PREMIUMS [1]

Property [2]	$	15	$	(16	)	$	—	$	—	$	—		(100	%)		—		$	50	$	(16	)	NM
Casualty		110		150			128		109		107		(3	%)		(2	%)		538		494			(8	%)
Professional Liability, Fidelity and Surety		185		143			148		140		151		(18	%)		8	%		691		582			(16	%)
Other		20		18			16		17		16		(20	%)		(6	%)		82		67			(18	%)

Total	$	330	$	295		$	292	$	266	$	274		(17	%)		3	%	$	1,361	$	1,127			(17	%)

EARNED PREMIUMS [1]

Property	$	17	$	13		$	3	$	3	$	2		(88	%)		(33	%)	$	87	$	21			(76	%)
Casualty		131		130			124		116		126		(4	%)		9	%		526		496			(6	%)
Professional Liability, Fidelity and Surety		173		171			165		158		149		(14	%)		(6	%)		685		643			(6	%)
Other		23		18			19		16		15		(35	%)		(6	%)		84		68			(19	%)

Total	$	344	$	332		$	311	$	293	$	292		(15	%)		—		$	1,382	$	1,228			(11	%)


[1]		The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

[2]		Concurrent with the sale of the Company’s core excess and surplus lines of business in March, 2009, the Company ceded $26 of unearned premium to the buyer, reflected as a reduction of written premium in the three months ended March 31, 2009.

PC-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	2		$	1		$	1		$	—		$	2			—			—		$	7		$	4			(43	%)
Change in unearned premium reserve		(1	)		1			—			—			3		NM				—			—			4			—

Earned premiums		3			—			1			—			(1	)	NM				—			7			—			(100	%)

Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—			—			—			—
Prior accident years [1]		3			—			121			83			38		NM				(54	%)		129			242			88	%

Total losses and loss adjustment expenses		3			—			121			83			38		NM				(54	%)		129			242			88	%


Underwriting expenses		7			5			4			5			5			(29	%)		—			23			19			(17	%)

Underwriting results	$	(7	)	$	(5	)	$	(124	)	$	(88	)	$	(44	)	NM				50	%	$	(145	)	$	(261	)		(80	%)


Net investment income		35			40			41			40			42			20	%		5	%		197			163			(17	%)
Other expenses		(2	)		1			(2	)		1			—			100	%		(100	%)		(3	)		—			100	%
Income tax benefit (expense)		(8	)		(12	)		34			15			1		NM				(93	%)		(7	)		38		NM


Core earnings		18			24			(51	)		(32	)		(1	)	NM				97	%		42			(60	)	NM

Add: Net realized capital (losses) gains, after-tax [2]		(24	)		(23	)		2			(7	)		11		NM			NM				(139	)		(17	)		88	%


Net (loss) income	$	(6	)	$	1		$	(49	)	$	(39	)	$	10		NM			NM			$	(97	)	$	(77	)		21	%


[1]		The year ended December 31, 2008 included net asbestos reserve strengthening of $50 and environmental reserve strengthening of $53. The three months ended June 30, 2009 included net asbestos reserve strengthening of $138 partially offset by a $20 reduction in the allowance for uncollectible reinsurance. The three months ended September 30, 2009 included environmental reserve strengthening of $75. The three months ended December 31, 2009 included unallocated loss adjustment expense reserve strengthening of $25.

[2]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS LOSSES AND LOSS ADJUSTMENT EXPENSES


For the Three Months Ended December 31, 2009	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,940		$	319		$	1,450		$	3,709
Losses and loss adjustment expenses incurred		—			—			38			38
Losses and loss adjustment expenses paid		(48	)		(12	)		(56	)		(116	)

Ending liability — net [2] [3]	$	1,892	[5]	$	307		$	1,432		$	3,631


For the Year Ended December 31, 2009	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,884		$	269		$	1,628		$	3,781
Losses and loss adjustment expenses incurred		138			75			29			242
Losses and loss adjustment expenses paid		(181	)		(40	)		(171	)		(392	)
Reclassification of asbestos and environmental liabilities [4]		51			3			(54	)		—

Ending liability — net [2] [3]	$	1,892	[5]	$	307		$	1,432		$	3,631


[1]		“All Other” also includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.

[2]		Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $10 and $5, respectively, as of December 31, 2009. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three months and year ended December 31, 2009 includes $5 and $16, respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three months and year ended December 31, 2009 includes $6 and $19, respectively, related to asbestos and environmental claims.

[3]		Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,484 and $367, respectively, as of December 31, 2009.

[4]		During the three months ended June 30, 2009, the Company reclassified liabilities of $54 that were previously classified as “All Other” to “Asbestos” and “Environmental”.

[5]		The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $192 and $224, respectively, resulting in a one year net survival ratio of 9.9 and a three year net survival ratio of 8.5. Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PAID AND INCURRED LOSSES AND LOSS ADJUSTMENT EXPENSES (“LAE”)
DEVELOPMENT — ASBESTOS AND ENVIRONMENTAL


	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Three Months Ended December 31, 2009	Losses & LAE			Losses & LAE			Losses & LAE			Losses & LAE

Gross
Direct	$	39		$	—		$	7		$	—
Assumed Reinsurance		23			—			2			—
London Market		4			—			6			—

Total		66			—			15			—
Ceded		(18	)		—			(3	)		—

Net	$	48		$	—		$	12		$	—


	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Year Ended December 31, 2009	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE

Gross
Direct	$	160		$	117		$	29		$	92
Assumed Reinsurance		56			52			7			—
London Market		18			—			10			12

Total		234			169			46			104
Ceded		(53	)		(31	)		(6	)		(29	)

Net prior to reclassification	$	181		$	138		$	40		$	75

London Market Reclassification of asbestos and environmental liabilities [2]		—			51			—			3

Net	$	181		$	189		$	40		$	78


[1]		Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three months and year ended December 31, 2009 includes $5 and $17, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three months and year ended December 31, 2009 includes $7 and $20, respectively, related to asbestos and environmental claims.

[2]		During the three months ended June 30, 2009, the Company reclassified liabilities of $54 that were previously classified as “All Other” to “Asbestos” and “Environmental”.

PC-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD


	For the Three Months Ended December 31, 2009
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 10/1/09 — gross	$	2,090		$	3,655		$	4,620		$	6,971		$	17,336		$	4,565		$	21,901
Reinsurance and other recoverables		53			165			404			2,012			2,634			856			3,490


Liabilities for unpaid losses and loss adjustment expenses at 10/1/09 — net		2,037			3,490			4,216			4,959			14,702			3,709			18,411

Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		729			345			329			186			1,589			—			1,589
Current accident year catastrophes		(14	)		(4	)		2			—			(16	)		—			(16	)
Prior accident years		(18	)		(32	)		(55	)		(61	)		(166	)		38			(128	)

Total provision for unpaid losses and loss adjustment expenses		697			309			276			125			1,407			38			1,445


Payments		(684	)		(333	)		(355	)		(158	)		(1,530	)		(116	)		(1,646	)


Liabilities for unpaid losses and loss adjustment expenses at 12/31/09 — net		2,050			3,466			4,137			4,926			14,579			3,631			18,210
Reinsurance and other recoverables		20			137			305			2,118			2,580			861			3,441


Liabilities for unpaid losses and loss adjustment expenses at 12/31/09 — gross	$	2,070		$	3,603		$	4,442		$	7,044		$	17,159		$	4,492		$	21,651


Earned premiums	$	1,000		$	645		$	505		$	292		$	2,442		$	(1	)	$	2,441
Loss and loss expense paid ratio		68.5			51.5			70.2			54.7			62.7
Loss and loss expense incurred ratio		69.8			47.8			54.6			43.0			57.6
Prior accident year development (pts.)		(1.8	)		(4.8	)		(11.0	)		(20.8	)		(6.8	)

PC-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD


	For the Year Ended December 31, 2009
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 — gross	$	2,052		$	3,572		$	4,744		$	6,981		$	17,349		$	4,584		$	21,933
Reinsurance and other recoverables		60			176			437			2,110			2,783			803			3,586


Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 — net		1,992			3,396			4,307			4,871			14,566			3,781			18,347

Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		2,700			1,396			1,352			842			6,290			—			6,290
Current accident year catastrophes		228			44			32			2			306			—			306
Prior accident years		(33	)		(36	)		(187	)		(172	)		(428	)		242			(186	)

Total provision for unpaid losses and loss adjustment expenses		2,895			1,404			1,197			672			6,168			242			6,410


Payments		(2,837	)		(1,334	)		(1,367	)		(617	)		(6,155	)		(392	)		(6,547	)


Liabilities for unpaid losses and loss adjustment expenses at 12/31/09 — net		2,050			3,466			4,137			4,926			14,579			3,631			18,210
Reinsurance and other recoverables		20			137			305			2,118			2,580			861			3,441


Liabilities for unpaid losses and loss adjustment expenses at 12/31/09 — gross	$	2,070		$	3,603		$	4,442		$	7,044		$	17,159		$	4,492		$	21,651


Earned premiums	$	3,952		$	2,580		$	2,101		$	1,228		$	9,861		$	—		$	9,861
Loss and loss expense paid ratio		71.8			51.7			65.1			50.4			62.5
Loss and loss expense incurred ratio		73.3			54.4			57.0			54.7			62.6
Prior accident year development (pts.)		(0.8	)		(1.4	)		(8.9	)		(14.0	)		(4.3	)

PC-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
REINSURANCE RECOVERABLE ANALYSIS


	December 31,			December 31,
	2009			2008
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	208		$	326
Unpaid Loss and Loss Adjustment Expenses		3,321			3,492

Subtotal Gross Reinsurance Recoverables		3,529			3,818

Less: Allowance for Uncollectible Reinsurance		(335	)		(379	)


Net Reinsurance Recoverables	$	3,194		$	3,439


	As of December 31, 2009						As of December 31, 2008
Distribution of Gross Reinsurance Recoverables	Amount			% of Total			Amount			% of Total

Gross Reinsurance Recoverables	$	3,529					$	3,818

Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(642	)					(638	)


Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	2,887					$	3,180


Rated A- (Excellent) or better by A.M. Best [1]	$	2,091			72.4	%	$	2,426			76.3	%
Other Rated by A.M. Best		48			1.7	%		52			1.6	%

Total Rated Companies		2,139			74.1	%		2,478			77.9	%

Voluntary Pools		152			5.3	%		181			5.7	%
Captives		209			7.2	%		220			6.9	%
Other Not Rated Companies		387			13.4	%		301			9.5	%

Total	$	2,887			100.0	%	$	3,180			100.0	%


[1]		Based on A.M. Best ratings as of December 31, 2009 and 2008, respectively.

PC-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change

Earned premiums	$	2,570		$	2,511		$	2,478		$	2,431		$	2,441			(5	%)		—		$	10,338		$	9,861			(5	%)
Net investment income		162			225			280			294			307			90	%		4	%		1,253			1,106			(12	%)
Other revenues		127			118			120			123			131			3	%		7	%		504			492			(2	%)
Net realized capital (losses) gains		(246	)		(323	)		(78	)		(90	)		197		NM			NM				(1,877	)		(294	)		84	%

Total revenues		2,613			2,531			2,800			2,758			3,076			18	%		12	%		10,218			11,165			9	%

Losses and loss adjustment expenses [1]		1,293			1,578			1,738			1,649			1,445			12	%		(12	%)		6,707			6,410			(4	%)
Amortization of deferred policy acquisition costs		528			523			518			515			510			(3	%)		(1	%)		2,095			2,066			(1	%)
Insurance operating costs and expenses [2]		181			161			190			185			167			(8	%)		(10	%)		724			703			(3	%)
Other expenses [3]		158			159			163			159			197			25	%		24	%		695			678			(2	%)

Total benefits and expenses		2,160			2,421			2,609			2,508			2,319			7	%		(8	%)		10,221			9,857			(4	%)

Income before income taxes		453			110			191			250			757			67	%	NM				(3	)		1,308		NM

Income tax expense (benefit)		162			(2	)		18			60			249			54	%	NM				(95	)		325		NM

Net income		291			112			173			190			508			75	%		167	%		92			983		NM

Less: Net realized capital (losses) gains, after-tax, excluded from core earnings [4]		(161	)		(209	)		(39	)		(56	)		130		NM			NM				(1,225	)		(174	)		86	%

Core earnings	$	452		$	321		$	212		$	246		$	378			(16	%)		54	%	$	1,317		$	1,157			(12	%)

Total Property & Casualty effective tax rate — net income		35.7	%		(2.1	%)		9.8	%		23.9	%		32.8	%		(2.9	)		8.9		NM				24.8	%	NM
Total Property & Casualty effective tax rate — core earnings		35.1	%		25.2	%		20.5	%		26.8	%		32.2	%		(2.9	)		5.4			29.8	%		27.2	%		(2.6	)


[1]		The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The year ended December 31, 2008 included catastophe losses from hurricane Ike. The year ended December 31, 2008 included $156 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $75 of reserve releases related to professional liability claims, $70 of reserve releases related to Personal Lines auto liability claims and $40 of net reserve releases related to Middle Market general liability claims, partially offset by $53 of environmental reserve strengthening and $50 of net asbestos reserve strengthening. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims. The three months and year ended December 31, 2009 included $25 of Other Operations unallocated loss adjustment expense reserve strengthening. The year ended December 31, 2009 included $127 of reserve releases related to professional liability claims, $124 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $112 of reserve releases related to Middle Market general liability claims, $92 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, a $40 reduction in the allowance for uncollectible reinsurance, partially offset by $138 of net asbestos reserve strengthening, $75 of environmental reserve strengthening, $38 of reserve strengthening related to package business, $28 of reserve strengthening related to surety business and $18 of reserve strengthening related to homeowners business.

[2]		Included in insurance operating costs and expenses for the year ended December 31, 2008 was a $26 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The year ended December 31, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes. The three months ended December 31, 2009 included a decrease in prior year dividends of $10.

[3]		The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.

[4]		See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED BALANCE SHEETS


	AS OF															Year Over
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Year			Sequential
	2008			2009			2009			2009			2009			Change			Change
Investments

Fixed maturities, available for sale, at fair value	$	19,775		$	20,040		$	20,773		$	22,577		$	23,911			21	%		6	%
Equity securities, available for sale, at fair value		674			482			586			620			453			(33	%)		(27	%)
Mortgage loans		785			756			731			690			671			(15	%)		(3	%)
Limited partnerships and other alternative investments [1]		1,166			1,026			963			952			945			(19	%)		(1	%)
Other investments [2]		207			173			114			113			93			(55	%)		(18	%)
Short term investments		1,597			1,266			1,459			1,902			1,283			(20	%)		(33	%)

Total investments		24,204			23,743			24,626			26,854			27,356			13	%		2	%

Cash		162			247			358			279			240			48	%		(14	%)
Premiums receivable and agents’ balances		3,197			3,161			3,136			3,117			3,008			(6	%)		(3	%)
Reinsurance recoverables		3,439			3,337			3,299			3,249			3,194			(7	%)		(2	%)
Deferred policy acquisition costs		1,260			1,249			1,251			1,255			1,263			—			1	%
Deferred income tax		2,435			2,495			2,165			1,517			1,468			(40	%)		(3	%)
Goodwill		149			149			149			149			149			—			—
Property and equipment, net		675			668			669			670			685			1	%		2	%
Other assets		1,159			1,454			1,273			1,228			1,039			(10	%)		(15	%)

Total assets	$	36,680		$	36,503		$	36,926		$	38,318		$	38,402			5	%		—


Unpaid losses and loss adjustment expenses	$	21,933		$	21,804		$	21,902		$	21,901		$	21,651			(1	%)		(1	%)
Unearned premiums		5,244			5,231			5,191			5,159			5,055			(4	%)		(2	%)
Other liabilities		2,914			2,573			2,052			2,134			2,113			(27	%)		(1	%)


Total liabilities		30,091			29,608			29,145			29,194			28,819			(4	%)		(1	%)


Equity, x-AOCI, net of tax		8,675			8,887			9,328			9,553			10,103			16	%		6	%
AOCI, net of tax		(2,086	)		(1,991	)		(1,547	)		(429	)		(520	)		75	%		(21	%)

The Hartford’s Property & Casualty stockholders’ equity		6,589			6,896			7,781			9,124			9,583			45	%		5	%
Noncontrolling interest		—			(1	)		—			—			—			—			—

Total Property & Casualty equity		6,589			6,895			7,781			9,124			9,583			45	%		5	%


Total liabilities and equity	$	36,680		$	36,503		$	36,926		$	38,318		$	38,402			5	%		—


[1]		Other alternative investments includes a real estate joint venture and hedge fund investments outside limited partnerships.

[2]		Primarily relates to derivative instruments.

PC-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ADJUSTED STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION


	Dec. 31, 2009			Dec. 31, 2008

Adjusted Statutory Capital and Surplus	$	7,364		$	6,012
GAAP Adjustments
Deferred policy acquisition costs		1,263			1,260
Benefit reserves		(80	)		(90	)
GAAP unrealized losses on investments, net of tax		(515	)		(2,136	)
Goodwill		149			149
Non-admitted assets		1,393			1,754
Other, net		9			(360	)

GAAP Stockholders’ Equity	$	9,583		$	6,589

PC-19

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
CONSOLIDATED


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	878		$	828		$	800		$	758		$	725			(17	%)		(4	%)	$	3,755		$	3,111			(17	%)
Tax-exempt		131			125			129			125			128			(2	%)		2	%		555			507			(9	%)

Total fixed maturities		1,009			953			929			883			853			(15	%)		(3	%)		4,310			3,618			(16	%)
Equity securities, trading		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM
Equity securities, available-for-sale		36			27			25			24			17			(53	%)		(29	%)		167			93			(44	%)
Mortgage loans		89			79			79			82			76			(15	%)		(7	%)		333			316			(5	%)
Policy loans		38			36			36			36			31			(18	%)		(14	%)		139			139			—
Limited partnerships and other alternative investments [2]		(333	)		(209	)		(93	)		(32	)		(7	)		98	%		78	%		(445	)		(341	)		23	%
Other [3]		(6	)		58			70			89			101		NM				13	%		(72	)		318		NM

Subtotal		(3,667	)		220			3,569			1,720			1,822		NM				6	%		(5,908	)		7,331		NM
Less: Investment expense		24			24			25			33			30			25	%		(9	%)		97			112			15	%


Total net investment income (loss)	$	(3,691	)	$	196		$	3,544		$	1,687		$	1,792		NM				6	%	$	(6,005	)	$	7,219		NM
Less: Equity securities, trading		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM


Total net investment income excluding trading securities	$	809		$	920		$	1,021		$	1,049		$	1,041			29	%		(1	%)	$	4,335		$	4,031			(7	%)


Annualized investment yield, before-tax [4]		3.3	%		3.7	%		4.2	%		4.2	%		4.2	%		0.9			—			4.6	%		4.1	%		(0.5	)
Annualized investment yield, after-tax [4]		2.2	%		2.6	%		2.9	%		2.9	%		2.9	%		0.7			—			3.2	%		2.8	%		(0.4	)

Net Realized Capital Gains (Losses)
Gross gains on sales [5]	$	381		$	208		$	157		$	205		$	486			28	%		137	%	$	607		$	1,056			74	%
Gross losses on sales		(411	)		(720	)		(189	)		(104	)		(384	)		7	%	NM				(856	)		(1,397	)		(63	%)
Net impairment losses		(419	)		(224	)		(314	)		(536	)		(434	)		(4	%)		19	%		(3,964	)		(1,508	)		62	%
Japanese fixed annuity contract hedges, net [6]		51			41			(6	)		(7	)		19			(63	%)	NM				64			47			(27	%)
Periodic net coupon settlements on credit derivatives/Japan [7]		(12	)		(19	)		(13	)		(7	)		(10	)		17	%		(43	%)		(33	)		(49	)		(48	%)
Fair value measurement transition impact		—			—			—			—			—			—			—			(650	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [8]		(457	)		589			671			(190	)		456		NM			NM				(713	)		1,526		NM
Macro hedge		45			204			(568	)		(328	)		(203	)	NM				38	%		74			(895	)	NM

Total results of variable annuity hedge program		(412	)		793			103			(518	)		253		NM			NM				(639	)		631		NM
Other net gain (loss) [9]		6			5			(419	)		(252	)		(124	)	NM				51	%		(447	)		(790	)		(77	%)


Total net realized capital gains (losses)	$	(816	)	$	84		$	(681	)	$	(1,219	)	$	(194	)		76	%		84	%	$	(5,918	)	$	(2,010	)		66	%


[1]		Includes income on short-term bonds.

[2]		Includes income on real estate joint ventures and hedge fund investments outside of limited partnerships.

[3]		Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities. Also includes fees associated with securities lending activities.

[4]		Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.

[5]		Included in the gross gains on sales for the periods ended December 31, 2009 are gains of $360 related to the sale of Verisk/ISO securities.

[6]		Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).

[7]		Included in core earnings.

[8]		The net gain for the periods ended December 31, 2009 was primarily due to gains resulting from liability model assumption updates of $260 for the three months ended and $566 for the year ended, the relative outperformance of the underlying actively managed funds as compared to their respective indices, a decrease in equity market volatility, an increase in interest rates, and the impact of the Company’s own credit spread for the year ended, partially offset by losses resulting from an increase in the equity markets.

[9]		Primarily consists of: a) changes in fair value on non-qualifying derivatives, b) hedge ineffectiveness on qualifying derivatives, c) foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, d) valuation allowances and e) other investment gains and losses. Included in the losses for the year ended December 31, 2009 was approximately $300 related to contingent obligations associated with the Allianz transaction.

I-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
LIFE


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	644		$	615		$	592		$	564		$	525			(18	%)		(7	%)	$	2,732		$	2,296			(16	%)
Tax-exempt		30			30			30			30			30			—			—			126			120			(5	%)

Total fixed maturities		674			645			622			594			555			(18	%)		(7	%)		2,858			2,416			(15	%)
Equity securities, trading		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM
Equity securities, available-for-sale		23			15			16			17			10			(57	%)		(41	%)		96			58			(40	%)
Mortgage loans		79			70			70			68			64			(19	%)		(6	%)		293			272			(7	%)
Policy loans		38			36			36			36			31			(18	%)		(14	%)		139			139			—
Limited partnerships and other alternative investments [2]		(166	)		(115	)		(51	)		(20	)		(6	)		96	%		70	%		(233	)		(192	)		18	%
Other [3]		8			56			64			78			95		NM				22	%		(36	)		293		NM

Subtotal		(3,844	)		(17	)		3,280			1,411			1,500		NM				6	%		(7,223	)		6,174		NM
Less: Investment expense		18			18			18			25			22			22	%		(12	%)		72			83			15	%


Total net investment income (loss)	$	(3,862	)	$	(35	)	$	3,262		$	1,386		$	1,478		NM				7	%	$	(7,295	)	$	6,091		NM
Less: Equity securities, trading		(4,500	)		(724	)		2,523			638			751		NM				18	%		(10,340	)		3,188		NM


Total net investment income excluding trading securities	$	638		$	689		$	739		$	748		$	727			14	%		(3	%)	$	3,045		$	2,903			(5	%)


Annualized investment yield, before-tax [4]		3.8	%		3.9	%		4.3	%		4.4	%		4.4	%		0.6			—			4.8	%		4.2	%		(0.6	)
Annualized investment yield, after-tax [4]		2.5	%		2.6	%		2.8	%		2.9	%		2.9	%		0.4			—			3.2	%		2.8	%		(0.4	)

Net Realized Capital Gains (Losses)
Gross gains on sales	$	294		$	136		$	83		$	130		$	85			(71	%)		(35	%)	$	422		$	434			3	%
Gross losses on sales		(155	)		(389	)		(148	)		(67	)		(265	)		(71	%)	NM				(399	)		(869	)		(118	%)
Net impairment losses		(309	)		(185	)		(266	)		(453	)		(373	)		(21	%)		18	%		(2,424	)		(1,277	)		47	%
Japanese fixed annuity contract hedges, net [5]		51			41			(6	)		(7	)		19			(63	%)	NM				64			47			(27	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(9	)		(16	)		(9	)		(4	)		(8	)		11	%		(100	%)		(35	)		(37	)		(6	%)
Fair value measurement transition impact		—			—			—			—			—			—			—			(650	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [7]		(457	)		589			671			(190	)		456		NM			NM				(713	)		1,526		NM
Macro hedge		45			204			(568	)		(328	)		(203	)	NM				38	%		74			(895	)	NM

Total results of variable annuity hedge program		(412	)		793			103			(518	)		253		NM			NM				(639	)		631		NM
Other net gain (loss) [8]		(138	)		(15	)		(86	)		(207	)		(109	)		21	%		47	%		(477	)		(417	)		13	%


Total net realized capital gains (losses)	$	(678	)	$	365		$	(329	)	$	(1,126	)	$	(398	)		41	%		65	%	$	(4,138	)	$	(1,488	)		64	%


[1]		Includes income on short-term bonds.

[2]		Includes income on a real estate joint venture.

[3]		Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities. Also includes fees associated with securities lending activities.

[4]		Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.

[5]		Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).

[6]		Included in core earnings.

[7]		The net gain for the periods ended December 31, 2009 was primarily due to gains resulting from liability model assumption updates of $260 for the three months ended and $566 for the year ended, the relative outperformance of the underlying actively managed funds as compared to their respective indices, a decrease in equity market volatility, an increase in interest rates, and the impact of the Company’s own credit spread for the year ended, partially offset by losses resulting from an increase in the equity markets.

[8]		Primarily consists of: a) changes in fair value on non-qualifying derivatives, b) hedge ineffectiveness on qualifying derivatives, c) foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, d) valuation allowances and e) other investment gains and losses.

I-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
PROPERTY & CASUALTY


																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	225		$	209		$	207		$	193		$	197			(12	%)		2	%	$	989		$	806			(19	%)
Tax-exempt		101			95			99			95			98			(3	%)		3	%		429			387			(10	%)

Total fixed maturities		326			304			306			288			295			(10	%)		2	%		1,418			1,193			(16	%)
Equity securities, available-for-sale		12			11			8			6			7			(42	%)		17	%		68			32			(53	%)
Mortgage loans		10			9			9			9			8			(20	%)		(11	%)		40			35			(13	%)
Limited partnerships and other alternative investments [2]		(167	)		(94	)		(42	)		(12	)		(1	)		99	%		92	%		(212	)		(149	)		30	%
Other [3]		(13	)		1			6			11			6		NM				(45	%)		(36	)		24		NM

Subtotal		168			231			287			302			315			88	%		4	%		1,278			1,135			(11	%)
Less: Investment expense		6			6			7			8			8			33	%		—			25			29			16	%


Total net investment income (loss)	$	162		$	225		$	280		$	294		$	307			90	%		4	%	$	1,253		$	1,106			(12	%)


Annualized investment yield, before-tax [4]		2.4	%		3.4	%		4.2	%		4.3	%		4.4	%		2.0			0.1			4.4	%		4.1	%		(0.3	)
Annualized investment yield, after-tax [4]		1.6	%		2.6	%		3.3	%		3.3	%		3.3	%		1.7			—			3.2	%		3.1	%		(0.1	)

Net Realized Capital Gains (Losses)
Gross gains on sales [5]	$	85		$	71		$	74		$	74		$	393		NM			NM			$	180		$	612		NM
Gross losses on sales		(253	)		(330	)		(40	)		(36	)		(119	)		53	%	NM				(448	)		(525	)		(17	%)
Net impairment losses		(108	)		(36	)		(48	)		(83	)		(61	)		44	%		27	%		(1,533	)		(228	)		85	%
Periodic net coupon settlements on credit derivatives [6]		(3	)		(3	)		(4	)		(3	)		(2	)		33	%		33	%		2			(12	)	NM
Other net gain (loss) [7]		33			(25	)		(60	)		(42	)		(14	)	NM				67	%		(78	)		(141	)		(81	%)


Total net realized capital gains (losses)	$	(246	)	$	(323	)	$	(78	)	$	(90	)	$	197		NM			NM			$	(1,877	)	$	(294	)		84	%


[1]		Includes income on short-term bonds.

[2]		Includes income on real estate joint ventures and hedge fund investments outside of limited partnerships.

[3]		Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities. Also includes fees associated with securities lending activities.

[4]		Yields calculated using annualized net investment income divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding collateral received associated with the securities lending program.

[5]		Included in the gross gains on sales for the periods ended December 31, 2009 are gains of $360 related to the sale of Verisk/ISO securities.

[6]		Included in core earnings.

[7]		Primarily consists of changes in fair value on non-qualifying derivatives, valuation allowances and other investment gains and losses.

I-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
CORPORATE


																Year Over
	THREE MONTHS ENDED															Year			Sequential						YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2008			2009			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	9		$	4		$	1		$	1		$	3			(67	%)	NM			$	34		$	9			(74	%)

Total fixed maturities		9			4			1			1			3			(67	%)	NM				34			9			(74	%)
Equity securities, available-for-sale		1			1			1			1			—			(100	%)		(100	%)		3			3			—
Mortgage loans [2]		—			—			—			5			4			—			(20	%)		—			9			—
Other		(1	)		1			—			—			—			100	%		—			—			1			—


Total net investment income	$	9		$	6		$	2		$	7		$	7			(22	%)		—		$	37		$	22			(41	%)


Net Realized Capital Gains (Losses)

Gross gains on sales	$	2		$	1		$	—			1			8		NM			NM			$	5		$	10			100	%
Gross losses on sales		(3	)		(1	)		(1	)		(1	)		—			100	%		100	%		(9	)		(3	)		67	%
Net impairment losses		(2	)		(3	)		—			—			—			100	%		—			(7	)		(3	)		57	%
Other net gain (loss) [3]		111			45			(273	)		(3	)		(1	)	NM				67	%		108			(232	)	NM


Total net realized capital gains (losses)	$	108		$	42		$	(274	)	$	(3	)	$	7			(94	%)	NM			$	97		$	(228	)	NM


[1]		Includes income on short-term bonds.

[2]		Represents income on mortgage loans held at Federal Trust Corporation, a company The Hartford acquired in June 2009.

[3]		Primarily consists of changes in the fair value on warrants associated with the Allianz transaction for the three months ended December 31, 2008 and March 31, 2009 and losses of $300 related to Allianz contingent obligations for the three months ended June 30, 2009.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
CONSOLIDATED


	December 31,					March 31,					June 30,					September 30,					December 31,
	2008					2009					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	65,112		54.2	%	$	62,563		53.8	%	$	64,868		53.5	%	$	68,641		53.0	%	$	71,153		56.7	%
Equity securities, trading, at fair value [1]		30,820		25.7	%		27,813		23.9	%		30,813		25.4	%		33,463		25.9	%		32,321		25.7	%
Equity securities, available-for-sale, at fair value		1,458		1.2	%		1,080		0.9	%		1,308		1.1	%		1,397		1.1	%		1,221		1.0	%
Mortgage loans		6,469		5.4	%		6,389		5.5	%		6,522		5.4	%		6,328		4.9	%		5,938		4.7	%
Policy loans, at outstanding balance		2,208		1.8	%		2,197		1.9	%		2,204		1.8	%		2,209		1.7	%		2,174		1.7	%
Limited partnerships and other alternative
investments [2]		2,295		1.9	%		1,981		1.7	%		1,838		1.5	%		1,812		1.4	%		1,790		1.4	%
Other investments [3]		1,723		1.4	%		3,121		2.7	%		1,107		0.9	%		1,679		1.3	%		602		0.5	%
Short-term investments		10,022		8.4	%		11,189		9.6	%		12,701		10.4	%		13,910		10.7	%		10,357		8.3	%


Total investments	$	120,107		100.0	%	$	116,333		100.0	%	$	121,361		100.0	%	$	129,439		100.0	%	$	125,556		100.0	%
Less: Equity securities, trading		30,820		25.7	%		27,813		23.9	%		30,813		25.4	%		33,463		25.9	%		32,321		25.7	%


Total investments excluding trading securities	$	89,287		74.3	%	$	88,520		76.1	%	$	90,548		74.6	%	$	95,976		74.1	%	$	93,235		74.3	%


HIMCO managed third party accounts	$	7,742				$	7,552				$	7,685				$	7,925				$	8,120


Asset-backed securities (“ABS”)	$	2,466		3.8	%	$	2,273		3.6	%	$	2,450		3.8	%	$	2,540		3.7	%	$	2,523		3.5	%
Collateralized debt obligations (“CDOs”)		2,612		4.0	%		2,423		3.9	%		2,563		4.0	%		2,818		4.1	%		2,892		4.1	%
Commercial mortgage-backed securities (“CMBS”)		8,313		12.8	%		7,948		12.7	%		8,290		12.8	%		9,002		13.1	%		8,544		12.0	%
Corporate		27,181		41.7	%		27,351		43.7	%		30,835		47.5	%		34,011		49.5	%		35,243		49.5	%
Foreign government/government agencies		2,821		4.3	%		853		1.4	%		1,031		1.6	%		1,071		1.6	%		1,408		2.0	%
Municipal — taxable		894		1.4	%		895		1.4	%		893		1.4	%		1,003		1.5	%		975		1.4	%
Municipal — tax-exempt		9,761		15.0	%		10,358		16.6	%		10,060		15.5	%		10,812		15.8	%		11,090		15.6	%
Residential mortgage-backed securities (“RMBS”)		5,108		7.8	%		4,772		7.6	%		4,506		6.9	%		4,821		7.0	%		4,847		6.8	%
U.S. Treasuries		5,956		9.2	%		5,690		9.1	%		4,240		6.5	%		2,563		3.7	%		3,631		5.1	%


Total fixed maturities	$	65,112		100.0	%	$	62,563		100.0	%	$	64,868		100.0	%	$	68,641		100.0	%	$	71,153		100.0	%


U.S. government/government agencies	$	9,568		14.7	%	$	9,306		14.9	%	$	7,801		12.0	%	$	6,231		9.1	%	$	7,172		10.1	%
AAA		13,489		20.7	%		13,297		21.2	%		11,797		18.2	%		11,227		16.3	%		11,188		15.7	%
AA		11,646		17.9	%		9,806		15.7	%		11,044		17.0	%		13,019		19.0	%		13,932		19.6	%
A		15,831		24.4	%		15,238		24.4	%		16,985		26.2	%		18,505		27.0	%		18,664		26.2	%
BBB		12,794		19.6	%		12,902		20.6	%		14,687		22.7	%		16,566		24.1	%		17,071		24.0	%
BB & below		1,784		2.7	%		2,014		3.2	%		2,554		3.9	%		3,093		4.5	%		3,126		4.4	%


Total fixed maturities	$	65,112		100.0	%	$	62,563		100.0	%	$	64,868		100.0	%	$	68,641		100.0	%	$	71,153		100.0	%


[1]		These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.

[2]		Includes real estate joint ventures and hedge fund investments outside of limited partnerships.

[3]		Primarily relates to derivative instruments.

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
LIFE


	December 31,					March 31,					June 30,					September 30,					December 31,
	2008					2009					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	45,182		48.0	%	$	42,428		46.6	%	$	43,980		47.6	%	$	45,927		47.1	%	$	46,912		49.1	%
Equity securities, trading, at fair value [1]		30,820		32.7	%		27,813		30.6	%		30,813		33.4	%		33,463		34.3	%		32,321		33.9	%
Equity securities, available-for-sale, at fair value		711		0.8	%		525		0.6	%		642		0.7	%		690		0.7	%		680		0.7	%
Mortgage loans		5,684		6.0	%		5,633		6.2	%		5,503		6.0	%		5,365		5.5	%		5,002		5.2	%
Policy loans, at outstanding balance		2,208		2.3	%		2,197		2.4	%		2,204		2.4	%		2,209		2.3	%		2,174		2.3	%
Limited partnerships and other alternative
investments [2]		1,129		1.2	%		955		1.0	%		875		0.9	%		860		0.9	%		845		0.9	%
Other investments [3]		1,473		1.6	%		2,909		3.2	%		954		1.0	%		1,513		1.5	%		457		0.5	%
Short-term investments		6,937		7.4	%		8,580		9.4	%		7,365		8.0	%		7,478		7.7	%		7,079		7.4	%


Total investments	$	94,144		100.0	%	$	91,040		100.0	%	$	92,336		100.0	%	$	97,505		100.0	%	$	95,470		100.0	%
Less: Equity securities, trading		30,820		32.7	%		27,813		30.6	%		30,813		33.4	%		33,463		34.3	%		32,321		33.9	%


Total investments excluding trading securities	$	63,324		67.3	%	$	63,227		69.4	%	$	61,523		66.6	%	$	64,042		65.7	%	$	63,149		66.1	%


ABS	$	2,167		4.8	%	$	1,997		4.8	%	$	2,154		4.9	%	$	2,200		4.8	%	$	2,122		4.5	%
CDOs		2,139		4.7	%		1,981		4.7	%		2,094		4.8	%		2,301		5.0	%		2,355		5.0	%
CMBS		5,844		13.0	%		5,525		13.0	%		5,697		12.9	%		6,212		13.5	%		5,838		12.4	%
Corporate		20,630		45.6	%		20,878		49.2	%		23,537		53.5	%		25,675		55.9	%		26,218		55.9	%
Foreign government/government agencies		2,236		4.9	%		482		1.1	%		608		1.4	%		640		1.4	%		978		2.1	%
Municipal — taxable		758		1.7	%		760		1.8	%		757		1.7	%		853		1.8	%		832		1.8	%
Municipal — tax-exempt		2,336		5.2	%		2,379		5.6	%		2,348		5.3	%		2,467		5.4	%		2,416		5.2	%
RMBS		3,916		8.7	%		3,492		8.2	%		3,279		7.5	%		3,569		7.8	%		3,602		7.7	%
U.S. Treasuries		5,156		11.4	%		4,934		11.6	%		3,506		8.0	%		2,010		4.4	%		2,551		5.4	%


Total fixed maturities	$	45,182		100.0	%	$	42,428		100.0	%	$	43,980		100.0	%	$	45,927		100.0	%	$	46,912		100.0	%


U.S. government/government agencies	$	7,614		16.9	%	$	7,245		17.1	%	$	5,795		13.2	%	$	4,535		9.9	%	$	4,944		10.5	%
AAA		8,533		18.8	%		8,168		19.2	%		7,818		17.8	%		7,117		15.5	%		7,062		15.1	%
AA		7,231		16.0	%		5,350		12.6	%		5,805		13.2	%		7,092		15.4	%		7,467		15.9	%
A		11,018		24.4	%		10,595		25.0	%		11,686		26.6	%		12,678		27.6	%		12,605		26.9	%
BBB		9,401		20.8	%		9,469		22.3	%		10,841		24.6	%		11,992		26.1	%		12,324		26.3	%
BB & below		1,385		3.1	%		1,601		3.8	%		2,035		4.6	%		2,513		5.5	%		2,510		5.3	%


Total fixed maturities	$	45,182		100.0	%	$	42,428		100.0	%	$	43,980		100.0	%	$	45,927		100.0	%	$	46,912		100.0	%


[1]		These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.

[2]		Includes a real estate joint venture.

[3]		Primarily relates to derivative instruments.

I-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
PROPERTY & CASUALTY


	December 31,					March 31,					June 30,					September 30,					December 31,
	2008					2009					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	19,775		81.7	%	$	20,040		84.5	%	$	20,773		84.3	%	$	22,577		84.1	%	$	23,911		87.4	%
Equity securities, available-for-sale, at fair value		674		2.8	%		482		2.0	%		586		2.4	%		620		2.3	%		453		1.7	%
Mortgage loans		785		3.2	%		756		3.2	%		731		3.0	%		690		2.6	%		671		2.4	%
Limited partnerships and other alternative investments [1]		1,166		4.8	%		1,026		4.3	%		963		3.9	%		952		3.5	%		945		3.5	%
Other investments [2]		207		0.9	%		173		0.7	%		114		0.5	%		113		0.4	%		93		0.3	%
Short-term investments		1,597		6.6	%		1,266		5.3	%		1,459		5.9	%		1,902		7.1	%		1,283		4.7	%


Total investments	$	24,204		100.0	%	$	23,743		100.0	%	$	24,626		100.0	%	$	26,854		100.0	%	$	27,356		100.0	%


ABS	$	299		1.5	%	$	276		1.3	%	$	296		1.4	%	$	340		1.5	%	$	401		1.7	%
CDOs		473		2.4	%		442		2.2	%		468		2.3	%		517		2.3	%		537		2.2	%
CMBS		2,469		12.5	%		2,423		12.1	%		2,593		12.5	%		2,790		12.4	%		2,706		11.3	%
Corporate		6,396		32.3	%		6,382		31.9	%		7,215		34.7	%		8,230		36.4	%		8,971		37.5	%
Foreign government/government agencies		585		3.0	%		367		1.8	%		417		2.0	%		421		1.9	%		423		1.8	%
Municipal — taxable		136		0.7	%		135		0.7	%		136		0.7	%		150		0.7	%		143		0.6	%
Municipal — tax-exempt		7,425		37.5	%		7,979		39.8	%		7,706		37.1	%		8,338		36.9	%		8,667		36.2	%
RMBS		1,192		6.1	%		1,280		6.4	%		1,212		5.8	%		1,240		5.5	%		1,234		5.2	%
U.S. Treasuries		800		4.0	%		756		3.8	%		730		3.5	%		551		2.4	%		829		3.5	%


Total fixed maturities	$	19,775		100.0	%	$	20,040		100.0	%	$	20,773		100.0	%	$	22,577		100.0	%	$	23,911		100.0	%


U.S. government/government agencies	$	1,954		9.9	%	$	2,061		10.3	%	$	1,989		9.6	%	$	1,683		7.5	%	$	1,967		8.2	%
AAA		4,939		25.0	%		5,114		25.5	%		3,963		19.1	%		4,085		18.1	%		4,112		17.2	%
AA		4,346		22.0	%		4,411		22.0	%		5,198		25.0	%		5,875		26.0	%		6,436		26.9	%
A		4,747		24.0	%		4,608		23.0	%		5,264		25.3	%		5,783		25.6	%		6,036		25.2	%
BBB		3,390		17.1	%		3,433		17.1	%		3,842		18.5	%		4,571		20.2	%		4,744		19.9	%
BB & below		399		2.0	%		413		2.1	%		517		2.5	%		580		2.6	%		616		2.6	%


Total fixed maturities	$	19,775		100.0	%	$	20,040		100.0	%	$	20,773		100.0	%	$	22,577		100.0	%	$	23,911		100.0	%


[1]		Includes a real estate joint venture and hedge fund investments outside of limited partnerships.

[2]		Primarily relates to derivative instruments.

I-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
CORPORATE


	December 31,					March 31,					June 30,					September 30,					December 31,
	2008					2009					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	155		8.8	%	$	95		6.1	%	$	115		2.6	%	$	137		2.7	%	$	330		12.1	%
Equity securities, available-for-sale, at fair value		73		4.2	%		73		4.7	%		80		1.8	%		87		1.7	%		88		3.2	%
Mortgage loans [2]		—		—			—		—			288		6.6	%		273		5.4	%		265		9.7	%
Other investments [3]		43		2.4	%		39		2.5	%		39		0.9	%		53		1.0	%		52		1.9	%
Short-term investments [4]		1,488		84.6	%		1,343		86.7	%		3,877		88.1	%		4,530		89.2	%		1,995		73.1	%


Total investments	$	1,759		100.0	%	$	1,550		100.0	%	$	4,399		100.0	%	$	5,080		100.0	%	$	2,730		100.0	%


CDOs	$	—		—		$	—		—		$	1		0.9	%	$	—		—		$	—		—
Corporate		155		100.0	%		91		95.8	%		83		72.2	%		106		77.4	%		54		16.4	%
Foreign government/government agencies		—		—			4		4.2	%		6		5.2	%		10		7.3	%		7		2.1	%
Municipal — tax-exempt		—		—			—		—			6		5.2	%		7		5.1	%		7		2.1	%
RMBS		—		—			—		—			15		13.0	%		12		8.7	%		11		3.3	%
U.S. Treasuries		—		—			—		—			4		3.5	%		2		1.5	%		251		76.1	%


Total fixed maturities	$	155		100.0	%	$	95		100.0	%	$	115		100.0	%	$	137		100.0	%	$	330		100.0	%


U.S. government/government agencies	$	—		—		$	—		—		$	17		14.8	%	$	13		9.5	%	$	261		79.1	%
AAA		17		11.0	%		15		15.8	%		16		13.9	%		25		18.2	%		14		4.2	%
AA		69		44.5	%		45		47.4	%		41		35.7	%		52		38.0	%		29		8.8	%
A		66		42.6	%		35		36.8	%		35		30.4	%		44		32.1	%		23		7.0	%
BBB		3		1.9	%		—		—			4		3.5	%		3		2.2	%		3		0.9	%
BB & below		—		—			—		—			2		1.7	%		—		—			—		—


Total fixed maturities	$	155		100.0	%	$	95		100.0	%	$	115		100.0	%	$	137		100.0	%	$	330		100.0	%


[1]		Includes $149, $95, $83, $113 and $309 as of December 31, 2008, March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $27, $21 and $20 as of June 30, 2009, September 30, 2009 and December 31, 2009, respectively, held at Federal Trust Corporation.

[2]		Represents mortgage loans held at Federal Trust Corporation.

[3]		Relates to a put option agreement for the Company’s contingent capital facility.

[4]		Includes $1,484, $1,335, $3,598, $4,341 and $1,936 as of December 31, 2008, March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $211, $151 and $45 as of June 30, 2009, September 30, 2009 and December 31, 2009, respectively, held at Federal Trust Corporation. As of June 30, 2009, the increase is attributable to the receipt of $3.4 billion from the U.S. Department of Treasury’s Capital Purchase Program, of which $500 was contributed to Life and $185 was contributed to Federal Trust Corporation. As of September 30, 2009, the increase is attributable to the Company’s discretionary equity issuance program. As of December 31, 2009, the decrease is primarily related to approximately $1.8 billion of capital contributions to Life and a payment of $200 to Allianz.

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
GROSS UNREALIZED LOSS AGING
CONSOLIDATED [1]


	December 31, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost [2]		Value		Loss [2] [3]			Cost		Value		Loss
Total AFS [4] Securities

Three months or less	$	11,197	$	10,838	$	(359	)	$	16,425	$	14,992	$	(1,433	)
Greater than three months to six months		317		289		(28	)		6,533		5,247		(1,286	)
Greater than six months to nine months		2,940		2,429		(511	)		7,053		5,873		(1,180	)
Greater than nine months to twelve months		2,054		1,674		(380	)		6,459		4,957		(1,502	)
Greater than twelve months		22,445		16,636		(5,809	)		25,279		16,071		(9,208	)

Total	$	38,953	$	31,866	$	(7,087	)	$	61,749	$	47,140	$	(14,609	)


BIG [5] and Equity AFS [4] Securities

Three months or less	$	293	$	242	$	(51	)	$	1,106	$	852	$	(254	)
Greater than three months to six months		18		16		(2	)		307		214		(93	)
Greater than six months to nine months		534		424		(110	)		349		260		(89	)
Greater than nine months to twelve months		206		166		(40	)		204		145		(59	)
Greater than twelve months [6]		3,362		2,223		(1,139	)		1,044		609		(435	)

Total	$	4,413	$	3,071	$	(1,342	)	$	3,010	$	2,080	$	(930	)


[1]		Includes investments held in Corporate.

[2]		Includes the cumulative effect adjustment of $1.4 billion as a result of an accounting change related to other-than-temporary impairments.

[3]		As of December 31, 2009, fixed maturities represented $6,895, or 97%, of the Company’s total unrealized loss on available-for-sale securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of December 31, 2009 and 2008.

[4]		Represents available-for-sale (“AFS”) securities.

[5]		Represents below investment grade (“BIG”) securities.

[6]		Since December 31, 2008, the increase was primarily attributable to rating agency downgrades.

I-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
GROSS UNREALIZED LOSS AGING
LIFE


	December 31, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost [1]		Value		Loss [1] [2]			Cost		Value		Loss
Total AFS Securities

Three months or less	$	6,831	$	6,555	$	(276	)	$	12,857	$	11,776	$	(1,081	)
Greater than three months to six months		222		201		(21	)		4,100		3,235		(865	)
Greater than six months to nine months		1,294		1,092		(202	)		5,292		4,356		(936	)
Greater than nine months to twelve months		1,900		1,537		(363	)		3,503		2,504		(999	)
Greater than twelve months		16,857		12,127		(4,730	)		18,034		11,149		(6,885	)

Total	$	27,104	$	21,512	$	(5,592	)	$	43,786	$	33,020	$	(10,766	)


BIG and Equity AFS Securities

Three months or less	$	248	$	202	$	(46	)	$	749	$	564	$	(185	)
Greater than three months to six months		18		16		(2	)		218		144		(74	)
Greater than six months to nine months		245		193		(52	)		238		164		(74	)
Greater than nine months to twelve months		150		117		(33	)		148		105		(43	)
Greater than twelve months [3]		2,674		1,704		(970	)		757		413		(344	)

Total	$	3,335	$	2,232	$	(1,103	)	$	2,110	$	1,390	$	(720	)


[1]		Includes the cumulative effect adjustment of $900 as a result of an accounting change related to other-than-temporary impairments.

[2]		As of December 31, 2009, fixed maturities represented $5,489, or 98%, of the Company’s total unrealized loss on available-for-sale securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of December 31, 2009 and 2008.

[3]		Since December 31, 2008, the increase was primarily attributable to rating agency downgrades.

I-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
GROSS UNREALIZED LOSS AGING
PROPERTY & CASUALTY


	December 31, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost [1]		Value		Loss [1] [2]			Cost		Value		Loss
Total AFS Securities

Three months or less	$	4,099	$	4,020	$	(79	)	$	3,541	$	3,191	$	(350	)
Greater than three months to six months		95		88		(7	)		2,396		1,980		(416	)
Greater than six months to nine months		1,646		1,337		(309	)		1,757		1,513		(244	)
Greater than nine months to twelve months		154		137		(17	)		2,953		2,451		(502	)
Greater than twelve months		5,546		4,467		(1,079	)		7,243		4,920		(2,323	)

Total	$	11,540	$	10,049	$	(1,491	)	$	17,890	$	14,055	$	(3,835	)


BIG and Equity AFS Securities

Three months or less	$	28	$	26	$	(2	)	$	330	$	263	$	(67	)
Greater than three months to six months		—		—		—			52		38		(14	)
Greater than six months to nine months		289		231		(58	)		107		92		(15	)
Greater than nine months to twelve months		56		49		(7	)		53		38		(15	)
Greater than twelve months [3]		646		478		(168	)		285		194		(91	)

Total	$	1,019	$	784	$	(235	)	$	827	$	625	$	(202	)


[1]		Includes the cumulative effect adjustment of approximately $500 as a result of an accounting change related to other-than-temporary impairments.

[2]		As of December 31, 2009, fixed maturities represented $1,406, or 94%, of the Company’s total unrealized loss on available-for-sale securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of December 31, 2009 and 2008.

[3]		Since December 31, 2008, the increase is primarily attributable to rating agency downgrades.

I-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF DECEMBER 31, 2009


	LIFE
					Percent of
TOP TEN CORPORATE	Cost or				Total
AND EQUITY AFS	Amortized		Fair		Invested
EXPOSURES BY SECTOR	Cost		Value		Assets [2]

Financial services	$	6,205	$	5,545		8.8	%
Utilities		4,304		4,424		7.0	%
Consumer non-cyclical		3,555		3,755		5.9	%
Technology and communications		2,975		3,082		4.9	%
Energy		2,376		2,498		3.9	%
Capital goods		2,315		2,388		3.8	%
Basic industry		2,113		2,187		3.5	%
Consumer cyclical		1,542		1,564		2.5	%
Other		980		885		1.4	%
Transportation		574		570		0.9	%


Total	$	26,939	$	26,898		42.6	%


TOP TEN EXPOSURES BY ISSUER [4]

JPMorgan Chase & Co.	$	370	$	336		0.5	%
Bank of America Corp.		381		303		0.5	%
Wells Fargo & Co.		306		249		0.4	%
AT&T Inc.		231		236		0.4	%
Citigroup Inc.		265		216		0.4	%
General Electric Co.		250		211		0.3	%
Credit Suisse Group AG		224		207		0.3	%
Barclays PLC		230		205		0.3	%
Verizon Communication Inc.		181		188		0.3	%
Pfizer Inc.		165		181		0.3	%


Total	$	2,603	$	2,332		3.7	%


	P&C
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets
Financial services	$	2,655	$	2,359		8.6	%
Utilities		1,615		1,634		6.0	%
Consumer non-cyclical		1,177		1,236		4.5	%
Technology and communications		1,048		1,065		3.9	%
Capital goods		769		785		2.9	%
Basic industry		694		719		2.6	%
Energy		694		717		2.6	%
Consumer cyclical		422		430		1.6	%
Other		374		352		1.3	%
Transportation		124		127		0.4	%


Total	$	9,572	$	9,424		34.4	%


State of Georgia	$	226	$	237		0.9	%
State of Louisiana		175		181		0.7	%
State of California		182		173		0.6	%
New York, NY		157		163		0.6	%
State of Illinois		135		138		0.5	%
JPMorgan Chase & Co.		128		127		0.5	%
Goldman Sachs Group Inc.		143		126		0.4	%
State of Washington		110		115		0.4	%
Westpac Banking Corp.		125		109		0.4	%
State of Mississippi		99		105		0.4	%


Total	$	1,480	$	1,474		5.4	%


	CONSOLIDATED [3]
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
Financial services	$	8,895	$	7,939		8.5	%
Utilities		5,920		6,059		6.5	%
Consumer non-cyclical		4,739		4,998		5.4	%
Technology and communications		4,027		4,151		4.5	%
Energy		3,070		3,215		3.5	%
Capital goods		3,087		3,176		3.4	%
Basic industry		2,893		2,994		3.2	%
Consumer cyclical		1,964		1,994		2.1	%
Other		1,358		1,241		1.3	%
Transportation		698		697		0.7	%


Total	$	36,651	$	36,464		39.1	%


JPMorgan Chase & Co.	$	505	$	470		0.5	%
Bank of America Corp.		430		352		0.4	%
Wells Fargo & Co.		392		330		0.3	%
State of California		317		307		0.3	%
AT&T Inc.		295		303		0.3	%
General Electric Co.		355		299		0.3	%
Citigroup Inc.		328		278		0.3	%
Pfizer Inc.		238		260		0.3	%
Barclays PLC		295		258		0.3	%
Goldman Sachs Group Inc.		288		251		0.3	%


Total	$	3,443	$	3,108		3.3	%


[1]		Excludes equity securities, trading.

[2]		Includes investments held in Corporate.

[3]		Excludes U.S. government and government agency securities, mortgage obligations issued by government sponsored agencies, cash equivalent securities, exposures resulting from derivative transactions and equity securities, trading.

I-12

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HARTFORD FINANCIAL SERVICES GROUP, INC. Reports

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