HARTFORD FINANCIAL SERVICES GROUP, INC. - FORM 8-K - EX-99.2 - EXHIBIT 99.2

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8-K - FORM 8-K - HARTFORD FINANCIAL SERVICES GROUP, INC.	c23867e8vk.htm
EX-99.1 - EXHIBIT 99.1 - HARTFORD FINANCIAL SERVICES GROUP, INC.	c23867exv99w1.htm

Exhibit 99.2

INVESTOR FINANCIAL SUPPLEMENT

SEPTEMBER 30, 2011

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:
One Hartford Plaza
Hartford, CT 06155

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

Contacts:

Sabra Purtill
Senior Vice President
Investor Relations
Phone (860) 547-8691

Ryan Greenier
Assistant Vice President
Investor Relations
Phone (860) 547-8844

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

As of October 27, 2011


	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

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		1
Operating Results by Segment		2
Consolidated Statements of Operations		3
Consolidating Balance Sheets		4
Capital Structure		5
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation		6
Accumulated Other Comprehensive Loss		7
Computation of Basic and Diluted Earnings (Losses) Per Common Share		8
Analysis of Net Realized Capital Gains (Losses) After-tax and DAC		9
Computation of Return-on-Equity Measures		10
Components of Net Realized Capital Gains (Losses) After-tax and DAC and Excluded From Core Earnings
Three Months Ended September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011		11
Nine Months Ended September 30, 2010 and 2011		12

COMMERCIAL MARKETS
Income Statements		13
Property & Casualty Commercial
Operating Results		14
Underwriting Results		15
Group Benefits
Income Statements		16
Supplemental Data		17

CONSUMER MARKETS
Income Statements		18
Operating Results		19
Underwriting Results		20
Written and Earned Premiums		21

WEALTH MANAGEMENT
Operating Results		22
Financial Highlights Excluding Impacts of DAC Unlocks		23
Deferred Policy Acquisition Costs and Present Value of Future Profits		24
Supplemental Data- Annuity Death and Income Benefits		25
Global Annuity
Income Statements		26
Supplemental Data
U.S.-Account Value Rollforward		27
International-Account Value Rollforward		28
Other-Account Value and Asset Rollforward		29
Life Insurance
Income Statements		30
Supplemental Data — Individual Life		31
Account Value Rollforward — Individual Life		32
Account Value and Account Value Rollforward-Private Placement Life Insurance		33
Retirement Plans
Income Statements		34
Supplemental Data
Assets Under Management		35
Account Value and Asset Rollforward		36
Mutual Funds
Income Statements		37
Supplemental Data
Deposits and Assets Under Management		38
Asset Rollforward		39

CORPORATE AND OTHER
Income Statements		40
Other Operations
Operating Results		41

INVESTMENTS
Investment Earnings Before-tax		42
Composition of Invested Assets
Consolidated		43
Life		44
Property & Casualty		45
Unrealized Loss Aging		46
Invested Asset Exposures
As of September 30, 2011		47

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.

•

The Hartford Financial Services Group, Inc. (“The Hartford” or the “Company”) is organized into three customer-oriented divisions, Commercial Markets, Consumer Markets and Wealth Management, conducting business principally in seven reporting segments.

•

The Commercial Markets division consists of the reporting segments of Property & Casualty Commercial and Group Benefits. Property & Casualty Commercial provides workers’ compensation, property, automobile, liability and umbrella coverages, primarily throughout the United States (“U.S.”), along with a variety of customized insurance products and risk management services including professional liability, fidelity, surety, specialty casualty coverages and third-party administrator services.

•

Group Benefits provides employers, associations, affinity groups and financial institutions with group life, accident and disability coverage, along with other products and services, including voluntary benefits and group retiree health.

•

Consumer Markets provides standard automobile, homeowners and home-based business coverages to individuals across the U.S., including a special program designed exclusively for members of AARP. Consumer Markets also operates a member contact center for health insurance products offered through the AARP Health program.

•

The Wealth Management division includes the reporting segments of Global Annuity, Life Insurance, Retirement Plans and Mutual Funds. Global Annuity offers individual variable, fixed market value adjusted, and single premium immediate annuities in the U.S. and administers investments, retirement savings and other insurance and savings products to individuals and groups outside of the U.S., primarily in Japan and Europe. Life insurance sells a variety of life insurance products, including variable universal life, universal life, and term life, as well as variable private placement life insurance owned by corporations and high net worth individuals. Retirement Plans provides products and services to corporations pursuant to Section 401(k)of the Internal Revenue Code of 1986, as amended (“IRS code”) and products and services to municipalities and not-for-profit organizations under Sections 457 and 403(b) of the IRS code. Mutual Funds offers retail, proprietary and investment-only mutual funds and 529 college savings plans.

•

The Hartford includes in Corporate and Other the Company’s debt financing and related interest expense, as well as other capital raising activities, certain property and casualty insurance operations of The Hartford that have discontinued writing new business and includes substantially all of the Company’s asbestos and environmental exposures and certain purchase accounting adjustments and other charges not allocated to the segments.

•

The balance sheet and certain balance sheet measures incorporated herein are presented in the statutory legal entity views for Life and Property & Casualty. Life consists of the Wealth Management division, Group Benefits and an Other category. Property & Casualty consists of the of Property & Casualty Commercial, Other Operations and the Consumer Markets Division. 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.

•

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 funds assets are not included on the balance sheet.

•

Return on assets (“ROA”) is calculated using annualized earnings divided by a two-point average of assets under management.

•

Assets under management (“AUM”) 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 capital markets or through net flow.

•

Assets under administration (“AUA”) 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, and consolidated variable interest entity non-controlling interests.

•

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 including the net effect of certain realized capital gains and losses and discontinued operations. 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 the Company’s 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 the Company’s 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 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 the Company’s 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 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 & Casualty Commercial and Consumer Markets 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 Property & Casualty Commercial and Consumer Markets is set forth at pages 14 and 19, respectively.

•

The Hartford’s management evaluates profitability of the Property & Casualty Commercial and Consumer Markets 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. A reconciliation of underwriting results to net income for Property & Casualty Commercial and Consumer Markets is set forth at pages 14 and 19, 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.

•

ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, is a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, segment operating performance. ROA is the most directly comparable U.S. GAAP measure. The Hartford believes that the measure ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, provides investors with a valuable measure of the performance of the Company’s on-going businesses because it reveals trends in our businesses that may be obscured by the effect of including net realized gains (losses), net of tax and DAC, excluded from core earnings, and the effect of including discontinued operations. 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 insurance aspects of our businesse that some realized capital gains and losses are integrally related to our insurance operations, so ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, should include net realized gains and losses on 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 statement of operations such as net investment income. ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, should not be considered as a substitute for ROA and does not reflect the overall profitability of our businesses. Therefore, the Company believes it is important for investors to evaluate both ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, and ROA when reviewing the Company’s performance. A quantitative reconciliation of The Hartford’s ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, to ROA is not calculable on a forward-looking basis because it is not possible to provide a reliable forecast of realized capital gains and losses, which typically vary substantially from period to period.

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

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES

•

After-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, is a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, segment operating performance. After-tax margin is the most directly comparable U.S. GAAP measure. The Hartford believes that the measure after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, provides investors with a valuable measure of the performance of the Company’s on-going businesses because it reveals trends in our businesses that may be obscured by the effect of including certain realized gains (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 insurance aspects of our businesses. Accordingly, these non-GAAP measures exclude the effect of all realized gains and losses 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 after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, should include net realized gains and losses on net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the statement of operations such as net investment income. After-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, should not be considered as a substitute for after-tax margin and does not reflect the overall profitability of our businesses. Therefore, the Company believes it is important for investors to evaluate both after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and after-tax margin when reviewing the Company’s performance. A quantitative reconciliation of The Hartford’s after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings to after-tax margin is not calculable on a forward-looking basis because it is not possible to provide a reliable forecast of realized capital gains and losses, which typically vary substantially from period to period.

•

Book value per common share excluding 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. 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 1.

•

Book value per diluted share, excluding AOCI, is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) total stockholders’ equity, excluding AOCI, net of tax, by (b) common shares outstanding and dilutive potential common shares. The Hartford provides book value per diluted 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 diluted 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 diluted share is the most directly comparable GAAP measure. A reconciliation of book value per diluted share to book value per diluted share, excluding AOCI, for the periods presented herein is set forth at page 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. When calculating ROE, the Mandatory Convertible preferred stock (“MCP”) is included in average common stockholders’ equity and MCP dividends are added back to net income (loss) available to common shareholders and core earnings (losses) available to common shareholders. 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 10.

iii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
HIGHLIGHTS
Net income	$	666		$	619		$	511		$	24		$	—			(100	%)		(100	%)	$	1,061		$	535			(50	%)
Core earnings	$	705		$	529		$	586		$	12		$	33			(95	%)		175	%	$	1,443		$	631			(56	%)
Total revenues [1]	$	6,602		$	5,930		$	6,300		$	5,401		$	4,520			(32	%)		(16	%)	$	16,119		$	16,221			1	%
Total assets	$	313,926		$	318,346		$	322,538		$	317,469		$	305,598			(3	%)		(4	%)

PER SHARE AND SHARES DATA [2]
Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.48		$	1.37		$	1.13		$	0.03		$	(0.02	)	NM			NM			$	1.30		$	1.13			(13	%)
Core earnings available to common shareholders	$	1.56		$	1.17		$	1.30		$	0.00		$	0.05			(97	%)	NM			$	2.20		$	1.35			(39	%)
Diluted earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.34		$	1.24		$	1.01		$	0.03		$	(0.02	)	NM			NM			$	1.21		$	1.05			(13	%)
Core earnings available to common shareholders	$	1.42		$	1.06		$	1.15		$	0.00		$	0.05			(96	%)	NM			$	2.02		$	1.25			(38	%)
Weighted average common shares outstanding (basic)		444.1			444.3			444.6			445.1			445.3			1.2	sh		0.2	sh		427.2			445.0			17.8	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		495.3			497.8			508.2			482.4			473.4			(21.9	)sh		(9.0	)sh		461.1			481.0			19.9	sh
Common shares outstanding		444.4			444.5			445.1			445.3			445.5			1.1	sh		0.2	sh		444.4			445.5			1.1	sh
Book value per common share	$	45.80		$	44.44		$	45.93		$	47.43		$	49.89			9	%		5	%
Per common share impact of AOCI	$	0.44		$	(2.26	)	$	(1.72	)	$	(0.17	)	$	2.39		NM			NM
Book value per common share (excluding AOCI)	$	45.36		$	46.70		$	47.65		$	47.60		$	47.50			5	%		—

Book value per diluted share	$	42.11		$	40.40		$	41.57		$	43.11		$	46.72			11	%		8	%
Per diluted share impact of AOCI	$	0.39		$	(2.00	)	$	(1.52	)	$	(0.15	)	$	2.18		NM			NM
Book value per diluted share (excluding AOCI)	$	41.72		$	42.40		$	43.09		$	43.26		$	44.54			7	%		3	%
Common shares outstanding and dilutive potential common shares		496.5			502.7			505.1			502.8			487.6			(8.9	)sh		(15.2	)sh

FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [3]		6.1	%		6.8	%		9.6	%		9.0	%		5.3	%		(0.8	)		(3.7	)
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [3]		8.3	%		7.5	%		9.6	%		8.7	%		5.5	%		(2.8	)		(3.2	)
Debt to capitalization, including AOCI		24.0	%		24.5	%		23.9	%		23.4	%		22.5	%		(1.5	)		(0.9	)
Annualized investment yield, after-tax		3.1	%		3.1	%		3.2	%		3.1	%		2.9	%		(0.2	)		(0.2	)		3.1	%		3.1	%		—


[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 page 3 for the impact to total revenues along with the corresponding amounts in benefits, losses and loss adjustment expenses in the three months ended September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011, respectively.

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

[3]		See page 10 for a computation of ROE measures.

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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change

Property & Casualty Commercial	$	294		$	201		$	181		$	99		$	86			(71	%)		(13	%)	$	790		$	366			(54	%)

Group Benefits		44			30			19			30			20			(55	%)		(33	%)		128			69			(46	%)

Commercial Markets core earnings		338			231			200			129			106			(69	%)		(18	%)		918			435			(53	%)

Consumer Markets core earnings (losses)		69			28			113			(179	)		(10	)	NM				94	%		117			(76	)	NM

Global Annuity [1]		262			238			228			209			22			(92	%)		(89	%)		462			459			-1	%

Life Insurance [1]		85			50			53			60			(9	)	NM			NM				193			104			(46	%)

Retirement Plans [1]		35			14			21			16			(26	)	NM			NM				56			11			-80	%

Mutual Funds		20			24			27			27			24			20	%		(11	%)		70			78			11	%

Wealth Management core earnings [1]		402			326			329			312			11			(97	%)		(96	%)		781			652			(17	%)

Corporate and Other core losses		(104	)		(56	)		(56	)		(250	)		(74	)		29	%		70	%		(373	)		(380	)		(2	%)


CONSOLIDATED
Core earnings		705			529			586			12			33			(95	%)		175	%		1,443			631			(56	%)
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [1][2][3]		(40	)		55			(237	)		92			(36	)		10	%	NM				(283	)		(181	)		36	%
Add: Income (loss) from discontinued operations		1			35			162			(80	)		3		NM			NM				(99	)		85		NM

Net income	$	666		$	619		$	511		$	24		$	—			(100	%)		(100	%)	$	1,061		$	535			(50	%)


PER SHARE DATA [4]
Diluted earnings (losses) per common share
Core earnings available to common shareholders	$	1.42		$	1.06		$	1.15		$	0.00		$	0.05			(96	%)	NM			$	2.02		$	1.25			(38	%)
Net income (loss) available to common shareholders	$	1.34		$	1.24		$	1.01		$	0.03		$	(0.02	)	NM			NM			$	1.21		$	1.05			(13	%)


[1]		See page 23 for the impacts of DAC unlock by segment.

[2]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

[3]		Includes those net realized capital losses excluded from core earnings (losses). See page 9 for further analysis.

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Earned premiums	$	3,513		$	3,509		$	3,519		$	3,545		$	3,518			—			(1	%)	$	10,546		$	10,582			—
Fee income		1,164			1,218			1,209			1,219			1,192			2	%		(2	%)		3,530			3,620			3	%
Net investment income (loss):
Securities available-for-sale and other		1,073			1,089			1,108			1,104			1,062			(1	%)		(4	%)		3,275			3,274			—
Equity securities, trading [1]		1,043			131			803			(597	)		(1,890	)	NM			NM				(905	)		(1,684	)		(86	%)

Total net investment income (loss)		2,116			1,220			1,911			507			(828	)	NM			NM				2,370			1,590			(33	%)
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(146	)		(74	)		(119	)		(31	)		(71	)		51	%		(129	%)		(778	)		(221	)		72	%
OTTI losses recognized in other comprehensive income		31			15			64			8			11			(65	%)		38	%		403			83			(79	%)

Net OTTI losses recognized in earnings		(115	)		(59	)		(55	)		(23	)		(60	)		48	%		(161	%)		(375	)		(138	)		63	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(142	)		(30	)		(348	)		92			635		NM			NM				(147	)		379		NM

Total net realized capital gains (losses)		(257	)		(89	)		(403	)		69			575		NM			NM				(522	)		241		NM
Other revenues		66			72			64			61			63			(5	%)		3	%		195			188			(4	%)

Total revenues		6,602			5,930			6,300			5,401			4,520			(32	%)		(16	%)		16,119			16,221			1	%

Benefits, losses and loss adjustment expenses		3,037			3,263			3,178			3,976			4,006			32	%		1	%		9,762			11,160			14	%
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		1,043			131			803			(597	)		(1,889	)	NM			NM				(905	)		(1,683	)		(86	%)
Amortization of deferred policy acquisition costs and present value of future profits		431			514			664			835			1,320		NM				58	%		2,013			2,819			40	%
Insurance operating costs and expenses		1,046			1,135			1,120			1,224			1,059			1	%		(13	%)		3,272			3,403			4	%
Interest expense		128			128			128			128			128			—			—			380			384			1	%

Total benefits and expenses		5,685			5,171			5,893			5,566			4,624			(19	%)		(17	%)		14,522			16,083			11	%

Income (loss) from continuing operations before income taxes		917			759			407			(165	)		(104	)	NM				37	%		1,597			138			(91	%)

Income tax expense (benefit)		252			175			58			(269	)		(101	)	NM				62	%		437			(312	)	NM


Income (loss) from continuing operations		665			584			349			104			(3	)	NM			NM				1,160			450			(61	%)

Income (loss) from discontinued operations, net of tax		1			35			162			(80	)		3		NM			NM				(99	)		85		NM


Net income		666			619			511			24			—			(100	%)		(100	%)		1,061			535			(50	%)

Less: Income (loss) from discontinued operations, net of tax		1			35			162			(80	)		3		NM			NM				(99	)		85		NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [2]		(40	)		55			(237	)		92			(36	)		10	%	NM				(283	)		(181	)		36	%


Core earnings	$	705		$	529		$	586		$	12		$	33			(95	%)		175	%	$	1,443		$	631			(56	%)


[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]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2010 AND SEPTEMBER 30, 2011


	LIFE [1]								PROPERTY & CASUALTY [1]								CORPORATE [1]									CONSOLIDATED
	Dec. 31,		Sept. 30,						Dec. 31,			Sept. 30,					Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,
	2010		2011			Change			2010			2011		Change			2010			2011			Change			2010			2011		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	52,429	$	54,329			4	%	$	25,114		$	25,933		3	%	$	277		$	1			(100	%)	$	77,820		$	80,263		3	%
Fixed maturities, at fair value using the fair value option		639		1,314			106	%		10			9		(10	%)		—			—			—			649			1,323		104	%
Equity securities, trading, at fair value		32,820		30,770			(6	%)		—			—		—			—			—			—			32,820			30,770		(6	%)
Equity securities, available-for-sale, at fair value		502		563			12	%		374			330		(12	%)		97			96			(1	%)		973			989		2	%
Mortgage loans		3,915		4,779			22	%		372			683		84	%		202			128			(37	%)		4,489			5,590		25	%
Policy loans, at outstanding balance		2,181		2,176			—			—			—		—			—			—			—			2,181			2,176		—
Limited partnerships and other alternative investments		957		1,320			38	%		961			1,186		23	%		—			—			—			1,918			2,506		31	%
Other investments		1,486		2,717			83	%		83			113		36	%		48			27			(44	%)		1,617			2,857		77	%
Short-term investments		5,631		6,619			18	%		1,117			792		(29	%)		1,780			2,293			29	%		8,528			9,704		14	%

Total investments		100,560		104,587			4	%		28,031			29,046		4	%		2,404			2,545			6	%		130,995			136,178		4	%
Cash		1,809		2,394			32	%		250			188		(25	%)		3			7			133	%		2,062			2,589		26	%
Premiums receivable and agents’ balances		362		333			(8	%)		2,911			3,192		10	%		—			—			—			3,273			3,525		8	%
Reinsurance recoverables		1,991		2,395			20	%		2,871			2,858		—			—			—			—			4,862			5,253		8	%
Deferred policy acquisition costs and present value of future profits		8,594		7,450			(13	%)		1,263			1,279		1	%		—			—			—			9,857			8,729		(11	%)
Deferred income taxes		1,786		(137	)	NM				966			661		(32	%)		973			1,087			12	%		3,725			1,611		(57	%)
Goodwill		470		470			—			149			149		—			432			417			(3	%)		1,051			1,036		(1	%)
Property and equipment, net		398		387			(3	%)		729			628		(14	%)		23			14			(39	%)		1,150			1,029		(11	%)
Other assets		573		356			(38	%)		952			1,351		42	%		104			18			(83	%)		1,629			1,725		6	%
Separate account assets		159,742		143,923			(10	%)		—			—		—			—			—			—			159,742			143,923		(10	%)


Total assets	$	276,285	$	262,158			(5	%)	$	38,122		$	39,352		3	%	$	3,939		$	4,088			4	%	$	318,346		$	305,598		(4	%)


Future policy benefits, unpaid losses and loss adjustment expenses		18,573		19,417			5	%		21,025			21,617		3	%		—			—			—		$	39,598		$	41,034		4	%
Other policyholder funds and benefits payable		44,550		45,868			3	%		—			—		—			—			—			—			44,550			45,868		3	%
Other policyholder funds and benefits payable - International variable annuities		32,793		30,734			(6	%)		—			—		—			—			—			—			32,793			30,734		(6	%)
Unearned premiums		173		181			5	%		5,005			5,230		4	%		(2	)		(2	)		—			5,176			5,409		5	%
Debt		—		—			—			—			—		—			6,607			6,617			—			6,607			6,617		—
Consumer notes		382		349			(9	%)		—			—		—			—			—			—			382			349		(9	%)
Other liabilities		5,604		5,124			(9	%)		1,756			2,047		17	%		1,827			1,712			(6	%)		9,187			8,883		(3	%)
Separate account liabilities		159,742		143,923			(10	%)		—			—		—			—			—			—			159,742			143,923		(10	%)

Total liabilities		261,817		245,596			(6	%)		27,786			28,894		4	%		8,432			8,327			(1	%)		298,035			282,817		(5	%)


Common equity, excluding AOCI		14,247		14,929			5	%		10,379			9,917		(4	%)		(3,870	)		(3,686	)		5	%		20,756			21,160		2	%
Preferred stock		—		—			—			—			—		—			556			556			—			556			556		—
AOCI, net of tax		221		1,633		NM				(43	)		541	NM				(1,179	)		(1,109	)		6	%		(1,001	)		1,065	NM

Total stockholders’ equity		14,468		16,562			14	%		10,336			10,458		1	%		(4,493	)		(4,239	)		6	%		20,311			22,781		12	%

Total liabilities and equity	$	276,285	$	262,158			(5	%)	$	38,122		$	39,352		3	%	$	3,939		$	4,088			4	%	$	318,346		$	305,598		(4	%)


[1]		Please refer to the basis of presentation on page i for a description of Life, Property & Casualty and Corporate.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month
	2010			2010			2011			2011			2011			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	—		$	400		$	400		$	400		$	400		NM				—
Senior notes		4,880			4,480			4,480			4,480			4,480			(8	%)		—
Junior subordinated debentures		1,723			1,727			1,730			1,734			1,737			1	%		—

Total debt [1]	$	6,603		$	6,607		$	6,610		$	6,614		$	6,617			—			—


STOCKHOLDERS’ EQUITY
Common stockholders’ equity, excluding AOCI, net of tax	$	20,159		$	20,756		$	21,207		$	21,196		$	21,160			5	%		—
Preferred stock		556			556			556			556			556			—			—
AOCI, net of tax		194			(1,001	)		(764	)		(77	)		1,065		NM			NM


Total stockholders’ equity	$	20,909		$	20,311		$	21,000		$	21,675		$	22,781			9	%		5	%


CAPITALIZATION
Total capitalization, including AOCI, net of tax	$	27,512		$	26,918		$	27,610		$	28,289		$	29,398			7	%		4	%

Total capitalization, excluding AOCI, net of tax	$	27,318		$	27,919		$	28,373		$	28,366		$	28,333			4	%		—

DEBT TO CAPITALIZATION RATIOS [1]
Total debt to capitalization, including AOCI		24.0	%		24.5	%		23.9	%		23.4	%		22.5	%		(1.5	)		(0.9	)

Total debt to capitalization, excluding AOCI		24.2	%		23.7	%		23.3	%		23.3	%		23.4	%		(0.8	)		0.1

Total rating agency adjusted debt to capitalization [2] [3]		27.6	%		28.5	%		27.9	%		27.2	%		26.2	%		(1.4	)		(1.0	)


[1]		The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $384, $382, $382, $368 and $349 as of September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011, 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 $1.4 billion, $1.5 billion, $1.6 billion, $1.5 billion and $1.5 billion for the three months ended September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011, respectively.

[3]		Reflects 25% equity credit for the junior subordinated debentures and the discount value of the Allianz transaction. Reflects 100% equity credit for the MCP stock.

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


	September 30, 2011			December 31, 2010

P&C U.S. Statutory Capital and Surplus [1]	$	7,392		$	7,721

GAAP Adjustments
Deferred policy acquisition costs		1,279			1,263
Benefit reserves		(62	)		(70	)
GAAP unrealized gains (losses) on investments, net of tax		542			(57	)
Goodwill		149			149
Non-admitted assets		1,181			1,247
Other, net		(23	)		83

P&C GAAP Stockholders’ Equity	$	10,458		$	10,336


Life U.S. Statutory Capital and Surplus [1]	$	7,414		$	7,731

GAAP Adjustments
Investment in subsidiaries		3,456			2,699
Deferred policy acquisition costs		7,450			8,594
Deferred taxes		(2,192	)		(777	)
Benefit reserves		(2,580	)		(4,097	)
Unrealized losses on investments, net of impairments		2,452			306
Asset valuation reserve and interest maintenance reserve		684			420
Goodwill		470			461
Other, net		(592	)		(869	)

Life GAAP Stockholders’ Equity	$	16,562		$	14,468


[1]		Please refer to the basis of presentation on page i for a description of Life and Property & Casualty.

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


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month
	2010			2010			2011			2011			2011			Change			Change

Fixed maturities net unrealized gain (loss)	$	389		$	(562	)	$	(306	)	$	251		$	1,197		NM			NM
Equities net unrealized gain (loss)		(42	)		(26	)		28			7			(68	)		(62	%)	NM
Other-than-temporary impairment losses recognized in AOCI		(127	)		(108	)		(103	)		(107	)		(97	)		24	%		9	%
Net deferred gain on cash-flow hedging instruments		565			385			317			388			542			(4	%)		40	%

Total net unrealized gain (loss)		785			(311	)		(64	)		539			1,574			101	%		192	%
Foreign currency translation adjustments		404			488			456			514			597			48	%		16	%
Pension and other postretirement adjustment		(995	)		(1,178	)		(1,156	)		(1,130	)		(1,106	)		(11	%)		2	%

Total accumulated other comprehensive income (loss)	$	194		$	(1,001	)	$	(764	)	$	(77	)	$	1,065		NM			NM

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


	THREE MONTHS ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Numerator:
Net income	$	666		$	619		$	511		$	24		$	—		$	1,061		$	535
Less: MCP dividends		10			11			10			11			10			22			31
Less: Capital Purchase Program (“CPP”) preferred dividends and accretion of discount		—			—			—			—			—			482			—

Net income (loss) available to common shareholders		656			608			501			13			(10	)		557			504
Add: Impact of assumed conversion of preferred shares to common [4]		10			11			10			—			—			—			—

Net income (loss) available to common shareholders and assumed conversion of preferred shares		666			619			511			13			(10	)		557			504

Net income (loss) available to common shareholders		656			608			501			13			(10	)		557			504
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [1]		(40	)		55			(237	)		92			(36	)		(283	)		(181	)
Less: Income (loss) from discontinued operations		1			35			162			(80	)		3			(99	)		85

Core earnings available to common shareholders		695			518			576			1			23			939			600
Add: Impact of assumed conversion of preferred shares to common [4]		10			11			10			—			—			22			—

Core earnings available to common shareholders and assumed conversion of preferred shares	$	705		$	529		$	586		$	1		$	23		$	961		$	600

Denominator:
Weighted average common shares outstanding (basic)		444.1			444.3			444.6			445.1			445.3			427.2			445.0
Dilutive effect of stock compensation		1.4			1.3			1.8			1.0			0.7			1.3			1.2
Dilutive effect of CPP Warrants [2]		29.0			31.4			34.0			32.9			27.4			31.3			31.4
Dilutive effect of Allianz warrants [3]		—			—			7.1			3.4			—			1.3			3.4

Weighted average common shares outstanding and dilutive potential common shares (diluted), before assumed conversion of preferred shares		474.5			477.0			487.5			482.4			473.4			461.1			481.0
Dilutive effect of assumed conversion of MCP [4]		20.8			20.8			20.7			—			—			14.9			—

Weighted average common shares outstanding and dilutive potential common shares (diluted) and assumed conversion of preferred shares		495.3			497.8			508.2			482.4			473.4			476.0			481.0

Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.48		$	1.37		$	1.13		$	0.03		$	(0.02	)	$	1.30		$	1.13
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(0.08	)		0.12			(0.53	)		0.21			(0.08	)		(0.67	)		(0.41	)
Less: Income (loss) from discontinued operations		—			0.08			0.36			(0.18	)		0.01			(0.23	)		0.19

Core earnings available to common shareholders	$	1.56		$	1.17		$	1.30		$	0.00		$	0.05		$	2.20		$	1.35

Diluted earnings (losses) per common share [5]
Net income (loss) available to common shareholders	$	1.38		$	1.27		$	1.03		$	0.03		$	(0.02	)	$	1.21		$	1.05
Add: Impact of assumed conversion of preferred shares to common [4]		(0.04	)		(0.03	)		(0.02	)		—			—			—			—

Net income (loss) available to common shareholders and assumed conversion of preferred shares	$	1.34		$	1.24		$	1.01		$	0.03		$	(0.02	)	$	1.21		$	1.05

Net income (loss) available to common shareholders	$	1.38		$	1.27		$	1.03		$	0.03		$	(0.02	)	$	1.21		$	1.05
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(0.08	)		0.11			(0.47	)		0.19			(0.08	)		(0.61	)		(0.38	)
Less: Income (loss) from discontinued operations		—			0.07			0.32			(0.16	)		0.01			(0.21	)		0.18

Core earnings available to common shareholders		1.46			1.09			1.18			0.00			0.05			2.04			1.25
Add: Impact of assumed conversion of preferred shares to common [4]		(0.04	)		(0.03	)		(0.03	)		—			—			(0.02	)		—

Core earnings available to common shareholders and assumed conversion of preferred shares	$	1.42		$	1.06		$	1.15		$	0.00			0.05		$	2.02		$	1.25


[1]		See pages 11 and 12 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. The declaration of a quarterly common stock dividend of $0.10 during the third quarter of 2011 triggered a provision in The Hartford’s Warrant Agreement with The Bank of New York Mellon resulting in an adjustment to the warrant exercise price to $9.729 from $9.754.

[3]		The Hartford issued 69.4 million warrants to purchase The Hartford Common Stock to Allianz on October 17, 2008 at a strike price of $25.23.

[4]		The Hartford issued $575 of mandatory convertible preferred stock which, at June 30, 2010, June 30, 2011 and September 30, 2011, would have been convertible into 20.8 million, 20.7 million and 20.8 million weighted average shares of common stock, respectively. However, the impact of applying the “if-converted” method to these shares was anti-dilutive and, therefore, the shares were not included in core earnings available to common shareholders and assumed conversion of preferred shares.

[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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Net Realized Capital Gains (Losses), After-Tax and DAC

Gains/losses on sales, net	$	88		$	(29	)	$	(49	)	$	151		$	73			(17	%)		(52	%)	$	209		$	175			(16	%)
Net impairment (gains) losses		(104	)		(38	)		(29	)		(1	)		(42	)		60	%	NM				(282	)		(72	)		74	%
Japanese fixed annuity contract hedges, net		7			4			(11	)		15			(5	)	NM			NM				14			(1	)	NM
Results of variable annuity hedge program
GMWB derivatives, net		132			126			33			(70	)		(178	)	NM				(154	%)		(19	)		(215	)	NM
Macro hedge program		(187	)		(79	)		(196	)		56			365		NM			NM				(69	)		225		NM

Total results of variable annuity hedge program		(55	)		47			(163	)		(14	)		187		NM			NM				(88	)		10		NM
Other net gain (loss) [1]		24			80			20			(59	)		(245	)	NM			NM				(136	)		(284	)		(109	%)


Total net realized capital gains (losses), after-tax and DAC	$	(40	)	$	64		$	(232	)	$	92		$	(32	)		20	%	NM			$	(283	)	$	(172	)		39	%

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	$	(40	)	$	64		$	(232	)	$	92		$	(32	)		20	%	NM			$	(283	)	$	(172	)		39	%
Less: total net realized capital gains (losses) included in core earnings (losses)		—			9			5			—			4		NM			NM				—			9		NM

Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(40	)	$	55		$	(237	)	$	92		$	(36	)		10	%	NM			$	(283	)	$	(181	)		36	%


[1]		Other net gain (loss) primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.

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


	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,
	2010			2010			2011			2011			2011

Numerator [1]:
Net income available to common shareholders — last 12 months	$	1,074		$	1,198		$	1,872		$	1,820		$	1,154
Core earnings available to common shareholders — last 12 months	$	1,588		$	1,490		$	2,013		$	1,832		$	1,160

Denominator [2]:
Average common stockholders’ equity, including AOCI		17,712.5			17,608.0			19,419.5			20,283.0			21,845.0
Less: Average AOCI		(1,511.5	)		(2,156.5	)		(1,570.5	)		(728.0	)		629.0

Average common stockholders’ equity, excluding AOCI		19,224.0			19,764.5			20,990.0			21,011.0			21,216.0

ROE (net income last 12 months to common stockholders’ equity, including AOCI) [3]		6.1	%		6.8	%		9.6	%		9.0	%		5.3	%
ROE (core earnings last 12 months to common stockholders’ equity, excluding AOCI) [3]		8.3	%		7.5	%		9.6	%		8.7	%		5.5	%


[1]		For a reconciliation of net income to core earnings, see page 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.

[3]		When calculating return-on-equity, the MCP preferred stock is included in average common stockholders’ equity and MCP preferred dividends are added back to net income available to common shareholders and core earnings available to common shareholders.

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


	Property &						Total			Total
	Casualty						Commercial			Consumer									Retirement			Mutual			Total Wealth			Corporate and
	Commercial			Group Benefits			Markets			Markets			Global Annuity			Life Insurance			Plans			Funds			Management			Other			Consolidated

*Three months ended September 30, 2010*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	8		$	—		$	8		$	1		$	(329	)	$	11		$	2		$	(1	)	$	(317	)	$	48		$	(260	)
Less: Impacts of DAC		—			—			—			—			(202	)		(8	)		10			—			(200	)		2			(198	)
Less: Impacts of tax		3			(2	)		1			—			(42	)		7			(3	)		—			(38	)		15			(22	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	5		$	2		$	7		$	1		$	(85	)	$	12		$	(5	)	$	(1	)	$	(79	)	$	31		$	(40	)


*Three months ended December 31, 2010*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	16		$	16		$	32		$	3		$	(143	)	$	(21	)	$	(7	)	$	—		$	(171	)	$	37		$	(99	)
Less: Impacts of DAC		—			—			—			—			(192	)		(2	)		1			—			(193	)		2			(191	)
Less: Impacts of tax		5			6			11			1			20			(7	)		(3	)		(1	)		9			16			37

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	11		$	10		$	21		$	2		$	29		$	(12	)	$	(5	)	$	1		$	13		$	19		$	55


*Three months ended March 31, 2011*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(21	)	$	(13	)	$	(34	)	$	(4	)	$	(312	)	$	(32	)	$	(9	)	$	1		$	(352	)	$	(15	)	$	(405	)
Less: Impacts of DAC		—			—			—			—			(34	)		(3	)		(1	)		—			(38	)		1			(37	)
Less: Impacts of tax		(7	)		(5	)		(12	)		(1	)		(100	)		(11	)		(2	)		—			(113	)		(5	)		(131	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(14	)	$	(8	)	$	(22	)	$	(3	)	$	(178	)	$	(18	)	$	(6	)	$	1		$	(201	)	$	(11	)	$	(237	)


*Three months ended June 30, 2011*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	14		$	10		$	24		$	3		$	13		$	10		$	11		$	—		$	34		$	12		$	73
Less: Impacts of DAC		—			—			—			—			51			9			6			—			66			1			67
Less: Impacts of tax		(11	)		(1	)		(12	)		(2	)		(57	)		(5	)		(9	)		—			(71	)		(1	)		(86	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	25		$	11		$	36		$	5		$	19		$	6		$	14		$	—		$	39		$	12		$	92


*Three months ended September 30, 2011*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(49	)	$	7		$	(43	)	$	(10	)	$	660		$	23		$	(2	)	$	—		$	681		$	(55	)	$	574
Less: Impacts of DAC		—			—			—			—			591			16			7			—			614			(6	)		608
Less: Impacts of tax		(17	)		2			(16	)		(4	)		42			1			(3	)		—			40			(19	)		2

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(32	)	$	5		$	(27	)	$	(6	)	$	27		$	6		$	(6	)	$	—		$	27		$	(30	)	$	(36	)


[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. Impacts of tax also includes any increase in the deferred tax asset valuation allowance.

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


	Property &						Total			Total
	Casualty			Group			Commercial			Consumer									Retirement			Mutual		Total Wealth			Corporate and
	Commercial			Benefits			Markets			Markets			Global Annuity			Life Insurance			Plans			Funds		Management			Other			Consolidated

*Nine months ended September 30, 2010*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(4	)	$	33		$	29		$	(1	)	$	(637	)	$	43		$	(5	)	$	—	$	(599	)	$	55		$	(516	)
Less: Impacts of DAC		—			—			—			—			(210	)		(15	)		7			—		(218	)		4			(214	)
Less: Impacts of tax		15			16			31			3			(108	)		27			6			—		(75	)		22			(19	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(19	)	$	17		$	(2	)	$	(4	)	$	(319	)	$	31		$	(18	)	$	—	$	(306	)	$	29		$	(283	)


*Nine months ended September 30, 2011*

Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(56	)	$	4		$	(52	)	$	(11	)	$	361		$	1		$	—		$	1	$	363		$	(58	)	$	242
Less: Impacts of DAC		—			—			—			—			608			22			12			—		642			(4	)		638
Less: Impacts of tax		(35	)		(4	)		(39	)		(7	)		(115	)		(15	)		(14	)		—		(144	)		(25	)		(215	)

Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(21	)	$	8		$	(13	)	$	(4	)	$	(132	)	$	(6	)	$	2		$	1	$	(135	)	$	(29	)	$	(181	)


[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. Impacts of tax also includes any increase in the deferred tax asset valuation allowance.

COMMERCIAL MARKETS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS
INCOME STATEMENTS


														Year Over
	THREE MONTHS ENDED													Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010		2010		2011			2011			2011			Change			Change			2010			2011			Change

Earned premiums	$	2,482	$	2,496	$	2,526		$	2,579		$	2,553			3	%		(1	%)	$	7,472		$	7,658			2	%
Fee income		15		14		16			14			16			7	%		14	%		40			46			15	%
Net investment income		333		347		346			345			319			(4	%)		(8	%)		1,017			1,010			(1	%)
Other revenues		26		24		23			26			28			8	%		8	%		72			77			7	%
Net realized capital gains (losses)		4		29		(37	)		23			(45	)	NM			NM				20			(59	)	NM

Total revenues		2,860		2,910		2,874			2,987			2,871			—			(4	%)		8,621			8,732			1	%

Losses and loss adjustment expenses		1,599		1,767		1,830			1,997			1,983			24	%		(1	%)		4,934			5,810			18	%
Amortization of deferred policy acquisition costs		353		350		350			353			354			—			—			1,064			1,057			(1	%)
Insurance operating costs and other expenses		427		454		472			461			451			6	%		(2	%)		1,322			1,384			5	%

Total benefits and expenses		2,379		2,571		2,652			2,811			2,788			17	%		(1	%)		7,320			8,251			13	%

Income from continuing operations before income taxes		481		339		222			176			83			(83	%)		(53	%)		1,301			481			(63	%)

Income tax expense [1]		136		87		44			11			4			(97	%)		(64	%)		385			59			(85	%)

Income from continuing operations		345		252		178			165			79			(77	%)		(52	%)		916			422			(54	%)

Income (loss) from discontinued operations, net of tax		7		1		160			(3	)		(2	)	NM				33	%		11			155		NM

Net income		352		253		338			162			77			(78	%)		(52	%)		927			577			(38	%)

Less: Income (loss) from discontinued operations, net of tax		7		1		160			(3	)		(2	)	NM				33	%		11			155		NM
Less: Net realized capital gains (losses), after-tax, excluded from core earnings [1][2]		7		21		(22	)		36			(27	)	NM			NM				(2	)		(13	)	NM

Core earnings	$	338	$	231	$	200		$	129		$	106			(69	%)		(18	%)	$	918		$	435			(53	%)


[1]		The three months ended June 30, 2011 includes a benefit of $21, related to the release of a tax valuation allowance.

[2]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

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


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	1,447		$	1,449		$	1,645		$	1,498		$	1,551			7	%		4	%	$	4,347		$	4,694			8	%
Change in unearned premium reserve		8			(17	)		147			(19	)		(2	)	NM				89	%		69			126			83	%

Earned premiums		1,439			1,466			1,498			1,517			1,553			8	%		2	%		4,278			4,568			7	%

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		888			945			962			950			1,085			22	%		14	%		2,634			2,997			14	%
Current accident year catastrophes		13			18			46			166			93		NM				(44	%)		134			305			128	%
Prior accident years [2]		(118	)		(22	)		(6	)		31			(9	)		92	%	NM				(339	)		16		NM

Total losses and loss adjustment expenses		783			941			1,002			1,147			1,169			49	%		2	%		2,429			3,318			37	%

Underwriting expenses [3]		434			443			455			455			454			5	%		—			1,336			1,364			2	%
Dividends to policyholders		4			5			4			4			5			25	%		25	%		—			13			—

Underwriting results		218			77			37			(89	)		(75	)	NM				16	%		513			(127	)	NM

Net investment income		226			242			242			239			217			(4	%)		(9	%)		693			698			1	%
Periodic net coupon settlements on credit derivatives, before-tax		(3	)		(2	)		(2	)		(1	)		(2	)		33	%		(100	%)		(7	)		(5	)		29	%
Other expenses		(26	)		(45	)		(40	)		(34	)		(35	)		(35	%)		(3	%)		(93	)		(109	)		(17	%)
Income tax expense		121			71			56			16			19			(84	%)		19	%		316			91			(71	%)

Core earnings		294			201			181			99			86			(71	%)		(13	%)		790			366			(54	%)

Add: Net realized capital gains (losses), after-tax [4]		5			11			(14	)		25			(32	)	NM			NM				(19	)		(21	)		(11	%)

Income from continuing operations, net of tax		299			212			167			124			54			(82	%)		(56	%)		771			345			(55	%)

Add: Income (loss) from discontinued operations, net of tax		7			1			160			(3	)		(2	)	NM				33	%		11			155		NM


Net Income	$	306		$	213		$	327		$	121		$	52			(83	%)		(57	%)	$	782		$	500			(36	%)


[1]		The three months ended December 31, 2010 included current accident year reserve strengthening of $44 primarily driven by workers compensation and programs business. The three months ended September 30, 2011 included current accident year reserve strengthening of $47 predominantly related to workers compensation business.

[2]		Included within prior accident years development were the following reserve strengthenings (releases):


	THREE MONTHS ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Auto liability		(26	)		(3	)		(1	)		—			(4	)		(51	)		(5	)
Workers’ compensation		(34	)		(17	)		(1	)		4			7			(53	)		10
Package business		(11	)		1			(7	)		3			(42	)		(20	)		(46	)
General liability		(47	)		(14	)		6			6			(8	)		(94	)		4
Professional liability		(8	)		(1	)		(9	)		2			29			(87	)		22
Fidelity & Surety		—			4			—			(2	)		(7	)		(9	)		(9	)
Commercial Property		1			(3	)		2			(7	)		1			(13	)		(4	)
Uncollectible reinsurance		—			—			—			—			—			(30	)		—
Discount accretion on workers’ compensation		7			6			7			10			15			20			32
Catastrophes		1			—			(5	)		10			2			1			7
Other reserve re-estimates, net		(1	)		5			2			5			(2	)		(3	)		5

Total prior accident years development		(118	)		(22	)		(6	)		31			(9	)		(339	)		16


[3]		The nine months ended September 30, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes.

[4]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMMERCIAL MARKETS
PROPERTY & CASUALTY COMMERCIAL
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	1,447		$	1,449		$	1,645		$	1,498		$	1,551			7	%		4	%	$	4,347		$	4,694			8	%
Change in unearned premium reserve		8			(17	)		147			(19	)		(2	)	NM				89	%		69			126			83	%

Earned premiums		1,439			1,466			1,498			1,517			1,553			8	%		2	%		4,278			4,568			7	%

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		888			945			962			950			1,085			22	%		14	%		2,634			2,997			14	%
Current accident year catastrophes		13			18			46			166			93		NM				(44	%)		134			305			128	%
Prior accident years [2]		(118	)		(22	)		(6	)		31			(9	)		92	%	NM				(339	)		16		NM

Total losses and loss adjustment expenses		783			941			1,002			1,147			1,169			49	%		2	%		2,429			3,318			37	%

Underwriting expenses [3]		434			443			455			455			454			5	%		—			1,336			1,364			2	%
Dividends to policyholders		4			5			4			4			5			25	%		25	%		—			13			—

Underwriting results		218			77			37			(89	)		(75	)	NM				16	%		513			(127	)	NM


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		61.8			64.4			64.3			62.6			69.9			(8.1	)		(7.3	)		61.6			65.6			(4.0	)
Current accident year catastrophes		0.9			1.2			3.1			11.0			6.0			(5.1	)		5.0			3.1			6.7			(3.6	)
Prior accident years [2] [4]		(8.2	)		(1.5	)		(0.4	)		2.1			(0.6	)		(7.6	)		2.7			(7.9	)		0.4			(8.3	)

Total losses and loss adjustment expenses		54.5			64.2			66.9			75.6			75.3			(20.8	)		0.3			56.8			72.6			(15.8	)

Expenses		30.1			30.2			30.4			30.0			29.2			0.9			0.8			31.2			29.9			1.3
Policyholder dividends		0.3			0.3			0.3			0.3			0.3			—			—			—			0.3			(0.3	)


Combined ratio		84.9			94.7			97.5			105.8			104.8			(19.9	)		1.0			88.0			102.8			(14.8	)


Catastrophes
Current year		0.9			1.2			3.0			11.0			6.0			(5.1	)		5.0			3.1			6.7			(3.6	)
Prior year		—			—			(0.3	)		0.7			0.1			(0.1	)		0.6			—			0.2			(0.2	)

Catastrophe ratio		0.9			1.3			2.7			11.6			6.1			(5.2	)		5.5			3.1			6.8			(3.7	)


Combined ratio before catastrophes		84.0			93.5			94.8			94.2			98.7			(14.7	)		(4.5	)		84.9			96.0			(11.1	)

Combined ratio before catastrophes and prior year development		92.2			95.0			94.9			92.8			99.4			(7.2	)		(6.6	)		92.8			95.8			(3.0	)

STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Standard Commercial Lines Renewal Written Price Increases [5]		1	%		1	%		3	%		3	%		4	%		3	%		1	%		1	%		3	%		2	%

Standard Commercial Lines Policy Count Retention [5]		83	%		83	%		83	%		82	%		82	%		(1	%)		—			84	%		82	%		(2	%)

New Business Premium $	$	279		$	270		$	303		$	286		$	271			(3	%)		(5	%)	$	852		$	860			1	%

Standard Commercial Lines Policies in Force [5]		1,201,862			1,211,047			1,229,758			1,250,152			1,256,229			5	%		—


[1]		The three months ended December 31, 2010 included current accident year reserve strengthening of $44, or 3 points, primarily driven by workers compensation and programs business. The three months ended September 30, 2011 included current accident year reserve strengthening of $47, or 3.0 points, predominantly related to workers compensation business.

[2]		Refer to footnote 1 on page 14 for a summary of reserve strengthenings (releases) that are included within prior accident years development.

[3]		The nine months ended September 30, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes.

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

[5]		Standard commercial lines consist of The Hartford’s small commercial and middle market lines of business.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMMERCIAL MARKETS
GROUP BENEFITS
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Direct premiums	$	1,036		$	1,025		$	1,024		$	1,058		$	996			(4	%)		(6	%)	$	3,175		$	3,078			(3	%)
Reinsurance premiums		7			5			4			4			4			(43	%)		—			19			12			(37	%)

Net premiums		1,043			1,030			1,028			1,062			1,000			(4	%)		(6	%)		3,194			3,090			(3	%)

Administrative Services Only (“ASO”) fees		10			10			11			11			11			10	%		—			29			33			14	%
Other fees		5			4			5			3			5			—			67	%		11			13			18	%

Total fee income		15			14			16			14			16			7	%		14	%		40			46			15	%

Total premiums and other considerations		1,058			1,044			1,044			1,076			1,016			(4	%)		(6	%)		3,234			3,136			(3	%)

Net investment income
Net investment income on G/A assets		96			95			95			96			92			(4	%)		(4	%)		296			283			(4	%)
Net investment income on assigned capital		11			10			9			10			10			(9	%)		—			28			29			4	%

Total net investment income		107			105			104			106			102			(5	%)		(4	%)		324			312			(4	%)
Net realized capital losses — core		(1	)		(1	)		(1	)		—			(1	)		—			—			(2	)		(2	)		—

Total core revenues		1,164			1,148			1,147			1,182			1,117			(4	%)		(5	%)		3,556			3,446			(3	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		—			16			(13	)		10			7			—			(30	%)		33			4			(88	%)

Total revenues		1,164			1,164			1,134			1,192			1,124			(3	%)		(6	%)		3,589			3,450			(4	%)

Benefits and Expenses
Benefits and losses
Death benefits		296			286			340			319			300			1	%		(6	%)		931			959			3	%
Other contract benefits		479			481			488			478			486			1	%		2	%		1,384			1,452			5	%
Change in reserve		41			59			—			53			28			(32	%)		(47	%)		190			81			(57	%)

Total benefits and losses		816			826			828			850			814			—			(4	%)		2,505			2,492			(1	%)

Other insurance expenses
Commissions & wholesaling expenses		139			125			136			136			125			(10	%)		(8	%)		421			397			(6	%)
Operating expenses		127			133			133			135			135			6	%		—			389			403			4	%
Premium taxes and other expenses [1]		22			25			31			23			21			(5	%)		(9	%)		68			75			10	%

Subtotal — expenses before deferral		288			283			300			294			281			(2	%)		(4	%)		878			875			—
Deferred policy acquisition costs		(13	)		(11	)		(14	)		(13	)		(13	)		—			—			(39	)		(40	)		(3	%)

Total other insurance expense		275			272			286			281			268			(3	%)		(5	%)		839			835			—
Amortization of deferred policy acquisition costs		15			15			14			14			14			(7	%)		—			46			42			(9	%)

Total benefits and expenses		1,106			1,113			1,128			1,145			1,096			(1	%)		(4	%)		3,390			3,369			(1	%)
Core earnings before income taxes		58			35			19			37			21			(64	%)		(43	%)		166			77			(54	%)
Income tax expense		14			5			—			7			1			(93	%)		(86	%)		38			8			(79	%)

Core Earnings		44			30			19			30			20			(55	%)		(33	%)		128			69			(46	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [2]		2			10			(8	)		11			5			150	%		(55	%)		17			8			(53	%)

Net income		46			40			11			41			25			(46	%)		(39	%)		145			77			(47	%)


After-Tax Profit as % of Revenues
Core earnings		3.8	%		2.6	%		1.7	%		2.6	%		1.8	%		(2.0	)		(0.8	)		3.7	%		2.0	%		(1.7	)
Net income		4.0	%		3.4	%		1.0	%		3.6	%		2.2	%		(1.8	)		(1.4	)		4.1	%		2.3	%		(1.8	)


[1]		The three months ended March 31, 2011 includes a one-time payment to a third-party administrator of $8, before-tax.

[2]		See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMMERCIAL MARKETS
GROUP BENEFITS
SUPPLEMENTAL DATA


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	472		$	470		$	462		$	452		$	452			(4	%)		—		$	1,422		$	1,366			(4	%)
Group life		513			513			516			512			501			(2	%)		(2	%)		1,539			1,529			(1	%)
Other		58			47			50			49			47			(19	%)		(4	%)		175			146			(17	%)

Total fully insured — ongoing premiums	$	1,043		$	1,030		$	1,028		$	1,013		$	1,000			(4	%)		(1	%)	$	3,136		$	3,041			(3	%)


Total buyouts [1]		—			—			—			49			—			—			(100	%)		58			49			(16	%)

Total premiums		1,043			1,030			1,028			1,062		$	1,000			(4	%)		(6	%)		3,194			3,090			(3	%)
Group disability — premium equivalents [2]		101			99			105			107			109			8	%		2	%		295			321			9	%

Total premiums and premium equivalent	$	1,144		$	1,129		$	1,133		$	1,169		$	1,109			(3	%)		(5	%)	$	3,489		$	3,411			(2	%)


SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	37		$	37		$	109		$	41		$	36			(3	%)		(12	%)	$	200		$	186			(7	%)
Group life		58			47			128			48			53			(9	%)		10	%		285			229			(20	%)
Other		5			2			7			3			2			(60	%)		(33	%)		12			12			—

Total fully insured — ongoing sales		100			86			244			92			91			(9	%)		(1	%)		497			427			(14	%)


Total buyouts [1]		—			—			—			49			(1	)		—		NM				58			48			(17	%)

Total sales		100			86			244			141			90			(10	%)		(36	%)		555			475			(14	%)
Group disability premium equivalents [2]		18			8			47			22			23			28	%		5	%		84			92			10	%

Total sales and premium equivalents	$	118		$	94		$	291		$	163		$	113			(4	%)		(31	%)	$	639		$	567			(11	%)


RATIOS [3]
Loss Ratio		77.1	%		79.1	%		79.3	%		78.0	%		80.1	%		3.0			2.1			77.0	%		79.1	%		2.1
Expense Ratio [4]		27.4	%		27.5	%		28.7	%		28.7	%		27.8	%		0.4			(0.9	)		27.9	%		28.4	%		0.5

GAAP RESERVES [5]
Group disability	$	5,069		$	5,127		$	5,164		$	5,225			5,259			4	%		1	%
Group life		1,244			1,250			1,217			1,210			1,206			(3	%)		—
Other		82			79			76			75			75			(9	%)		—

Total GAAP reserves	$	6,395		$	6,456		$	6,457		$	6,510		$	6,540			2	%		—


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

[2]		ASO fees and claims under claim management agreements.

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

[4]		The three months ended March 31, 2011 includes a one-time payment to a third-party administrator totaling 0.7 points.

[5]		Reserve balances for the three months ended September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011 are net of reinsurance recoverables of $200, $209, $212, $219 and $225, respectively.

CONSUMER MARKETS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSUMER MARKETS
INCOME STATEMENTS


														Year Over
	THREE MONTHS ENDED													Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010		2010		2011			2011			2011			Change			Change			2010			2011			Change

Earned premiums	$	985	$	971	$	956		$	939		$	930			(6	%)		(1	%)	$	2,976		$	2,825			(5	%)
Net investment income		46		48		50			49			46			—			(6	%)		139			145			4	%
Other revenues		40		49		40			36			35			(13	%)		(3	%)		123			111			(10	%)
Net realized capital gains (losses)		1		2		(4	)		2			(10	)	NM			NM				(2	)		(12	)	NM

Total revenues		1,072		1,070		1,042			1,026			1,001			(7	%)		(2	%)		3,236			3,069			(5	%)

Losses and loss adjustment expenses		689		739		599			904			767			11	%		(15	%)		2,212			2,270			3	%
Amortization of deferred policy acquisition costs		167		164		161			160			159			(5	%)		(1	%)		503			480			(5	%)
Insurance operating costs and other expenses [1]		118		128		120			240			106			(10	%)		(56	%)		365			466			28	%

Total benefits and expenses		974		1,031		880			1,304			1,032			6	%		(21	%)		3,080			3,216			4	%

Income (loss) before income taxes		98		39		162			(278	)		(31	)	NM				89	%		156			(147	)	NM

Income tax expense (benefit)		28		9		52			(104	)		(15	)	NM				86	%		43			(67	)	NM

Net income (loss)		70		30		110			(174	)		(16	)	NM				91	%		113			(80	)	NM

Less: Net realized capital gains (losses), after-tax, excluded from core earnings (losses) [2]		1		2		(3	)		5			(6	)	NM			NM				(4	)		(4	)		—

Core earnings (losses)	$	69	$	28	$	113		$	(179	)	$	(10	)	NM				94	%	$	117		$	(76	)	NM


[1]		The three months ended June 30, 2011 includes a charge of $113, before-tax, related to a discontinued software program.

[2]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSUMER MARKETS
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	1,014		$	896		$	884		$	969		$	964			(5	%)		(1	%)	$	2,990		$	2,817			(6	%)
Change in unearned premium reserve		29			(75	)		(72	)		30			34			17	%		13	%		14			(8	)	NM

Earned premiums		985			971			956			939			930			(6	%)		(1	%)		2,976			2,825			(5	%)

Losses and loss adjustment expenses
Current accident year before catastrophes		681			703			616			623			663			(3	%)		6	%		2,034			1,902			(6	%)
Current accident year catastrophes		42			71			32			281			113			169	%		(60	%)		229			426			86	%
Prior accident years [1]		(34	)		(35	)		(49	)		—			(9	)		74	%		—			(51	)		(58	)		(14	%)

Total losses and loss adjustment expenses		689			739			599			904			767			11	%		(15	%)		2,212			2,270			3	%

Underwriting expenses		238			237			233			236			226			(5	%)		(4	%)		720			695			(3	%)

Underwriting results		58			(5	)		124			(201	)		(63	)	NM				69	%		44			(140	)	NM

Net investment income		46			48			50			49			46			—			(6	%)		139			145			4	%
Periodic net coupon settlements on credit derivatives, before-tax		—			(1	)		—			(1	)		—			—			100	%		(1	)		(1	)		—
Other expenses [2]		(7	)		(6	)		(8	)		(128	)		(4	)		43	%		97	%		(25	)		(140	)	NM
Income tax benefit (expense)		28			8			53			(102	)		(11	)	NM				89	%		40			(60	)	NM

Core earnings (losses)		69			28			113			(179	)		(10	)	NM				94	%		117			(76	)	NM

Add: Net realized capital gains (losses), after-tax [3]		1			2			(3	)		5			(6	)	NM			NM				(4	)		(4	)		—


Net income (loss)	$	70		$	30		$	110		$	(174	)	$	(16	)	NM				91	%	$	113		$	(80	)	NM


[1]		Included within prior accident years development were the following reserve strengthenings (releases):


	THREE MONTHS ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Auto liability	$	(41	)	$	(33	)	$	(55	)	$	(9	)	$	(19	)	$	(82	)	$	(83	)
Homeowners		3			(4	)		(14	)		1			14			27			1
Catastrophes		8			(1	)		19			9			—			11			28
Other reserve re-estimates, net		(4	)		3			1			(1	)		(4	)		(7	)		(4	)

Total prior accident years development	$	(34	)	$	(35	)	$	(49	)	$	—		$	(9	)	$	(51	)	$	(58	)


[2]		The three months ended June 30, 2011 includes a charge of $113, before-tax, related to a discontinued software program.

[3]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSUMER MARKETS
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	1,014		$	896		$	884		$	969		$	964			(5	%)		(1	%)	$	2,990		$	2,817			(6	%)
Change in unearned premium reserve		29			(75	)		(72	)		30			34			17	%		13	%		14			(8	)	NM

Earned premiums		985			971			956			939			930			(6	%)		(1	%)		2,976			2,825			(5	%)

Losses and loss adjustment expenses
Current accident year before catastrophes		681			703			616			623			663			(3	%)		6	%		2,034			1,902			(6	%)
Current accident year catastrophes		42			71			32			281			113			169	%		(60	%)		229			426			86	%
Prior accident years [1]		(34	)		(35	)		(49	)		—			(9	)		74	%		—			(51	)		(58	)		(14	%)

Total losses and loss adjustment expenses		689			739			599			904			767			11	%		(15	%)		2,212			2,270			3	%

Underwriting expenses		238			237			233			236			226			(5	%)		(4	%)		720			695			(3	%)

Underwriting results		58			(5	)		124			(201	)		(63	)	NM				69	%		44			(140	)	NM


UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		69.2			72.4			64.3			66.5			71.3			(2.1	)		(4.8	)		68.4			67.3			1.1
Current accident year catastrophes		4.3			7.3			3.4			29.9			12.2			(7.9	)		17.7			7.7			15.1			(7.4	)
Prior accident years [1]		(3.5	)		(3.6	)		(5.1	)		—			(1.0	)		(2.5	)		1.0			(1.7	)		(2.1	)		0.4

Total losses and loss adjustment expenses		70.0			76.0			62.6			96.4			82.5			(12.5	)		13.9			74.4			80.4			(6.0	)

Expenses		24.1			24.4			24.4			25.1			24.3			(0.2	)		0.8			24.2			24.6			(0.4	)

Combined ratio		94.1			100.4			87.0			121.5			106.8			(12.7	)		14.7			98.5			105.0			(6.5	)

Catastrophes
Current year		4.3			7.3			3.4			29.9			12.2			(7.9	)		17.7			7.7			15.1			(7.4	)
Prior year		0.7			—			2.0			1.0			—			0.7			1.0			0.4			1.0			(0.6	)

Catastrophe ratio		5.1			7.2			5.4			30.8			12.2			(7.1	)		18.6			8.0			16.1			(8.1	)


Combined ratio before catastrophes		89.1			93.2			81.6			90.6			94.6			(5.5	)		(4.0	)		90.5			88.9			1.6

Combined ratio before catastrophes and prior year development		93.3			96.8			88.7			91.6			95.6			(2.3	)		(4.0	)		92.6			91.9			0.7

PRODUCT
Automobile		93.3			103.1			85.7			99.5			100.3			(7.0	)		(0.8	)		95.2			95.1			0.1
Homeowners		96.3			94.1			89.2			172.8			122.1			(25.8	)		50.7			107.4			127.9			(20.5	)

Total		94.1			100.4			87.0			121.5			106.8			(12.7	)		14.7			98.5			105.0			(6.5	)


[1]		Refer to footnote 1 on page 19 for a summary of reserve strengthenings (releases) that are included within prior accident years development.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSUMER MARKETS
WRITTEN AND EARNED PREMIUMS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec, 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]

AARP	$	743		$	653		$	647		$	724		$	717			(3	%)		(1	%)	$	2,167		$	2,088			(4	%)
Agency		258			231			224			233			232			(10	%)		—			783			689			(12	%)
Other		13			12			13			12			15			15	%		25	%		40			40			—

Total	$	1,014		$	896		$	884		$	969		$	964			(5	%)		(1	%)	$	2,990		$	2,817			(6	%)

EARNED PREMIUMS [1]

AARP	$	712		$	707		$	698		$	694		$	687			(4	%)		(1	%)	$	2,144		$	2,079			(3	%)
Agency		259			251			243			234			229			(12	%)		(2	%)		789			706			(11	%)
Other		14			13			15			11			14			—			27	%		43			40			(7	%)

Total	$	985		$	971		$	956		$	939		$	930			(6	%)		(1	%)	$	2,976		$	2,825			(5	%)


PRODUCT LINE
WRITTEN PREMIUMS [1]

Automobile	$	700		$	630		$	641		$	665		$	657			(6	%)		(1	%)	$	2,115		$	1,963			(7	%)
Homeowners		314			266			243			304			307			(2	%)		1	%		875			854			(2	%)

Total	$	1,014		$	896		$	884		$	969		$	964			(5	%)		(1	%)	$	2,990		$	2,817			(6	%)

EARNED PREMIUMS [1]

Automobile	$	698		$	684		$	672		$	657		$	649			(7	%)		(1	%)	$	2,122		$	1,978			(7	%)
Homeowners		287			287			284			282			281			(2	%)		—			854			847			(1	%)

Total	$	985		$	971		$	956		$	939		$	930			(6	%)		(1	%)	$	2,976		$	2,825			(5	%)


STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Renewal Written Price Increases
Automobile		8	%		7	%		7	%		6	%		4	%		(4	%)		(2	%)		6	%		5	%		(1	%)
Homeowners		11	%		10	%		9	%		9	%		8	%		(3	%)		(1	%)		9	%		8	%		(1	%)

Policy Count Retention
Automobile		82	%		81	%		82	%		82	%		83	%		1	%		1	%		83	%		82	%		(1	%)
Homeowners		84	%		84	%		83	%		84	%		84	%		—			—			85	%		83	%		(2	%)

New Business Premium $
Automobile	$	74		$	62		$	66		$	75		$	80			8	%		7	%	$	249		$	221			(11	%)
Homeowners	$	26		$	20		$	19		$	23		$	26			—			13	%	$	86		$	68			(21	%)

Policies in force
Automobile		2,287,845			2,226,351			2,178,719			2,137,351			2,106,385			(8	%)		(1	%)
Homeowners		1,455,921			1,426,107			1,402,264			1,380,301			1,358,162			(7	%)		(2	%)


[1]		The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

WEALTH MANAGEMENT

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
REVENUES
Earned premiums [1]	$	45		$	39		$	38		$	26		$	35			(22	%)		35	%	$	98		$	99			1	%
Fee income [1]		1,108			1,164			1,142			1,146			1,115			1	%		(3	%)		3,345			3,403			2	%
Net investment income (loss)
Securities available-for-sale and other		649			640			656			660			659			2	%		—			1,929			1,975			2	%
Equity securities held for trading [2]		1,043			131			804			(597	)		(1,890	)	NM			NM				(905	)		(1,683	)		(86	%)

Total net investment income (loss)		1,692			771			1,460			63			(1,231	)	NM			NM				1,024			292			(71	%)
Net realized capital gains — core		3			8			2			6			11		NM				83	%		10			19			90	%

Total core revenues		2,848			1,982			2,642			1,241			(70	)	NM			NM				4,477			3,813			(15	%)

Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(317	)		(171	)		(352	)		34			681		NM			NM				(599	)		363		NM

Total revenues		2,531			1,811			2,290			1,275			611			(76	%)		(52	%)		3,878			4,176			8	%


BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [1][3]		706			761			747			780			1,238			75	%		59	%		2,400			2,765			15	%
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [2]		1,043			131			803			(597	)		(1,889	)	NM			NM				(905	)		(1,683	)		(86	%)
Amortization of deferred policy acquisition costs and present value of future profits [1]		90			176			188			264			196			118	%		(26	%)		644			648			1	%
Insurance operating costs and other expenses		442			468			461			452			442			—			(2	%)		1,315			1,355			3	%

Total benefits and expenses		2,281			1,536			2,199			899			(13	)	NM			NM				3,454			3,085			(11	%)


CORE EARNINGS
Core earnings before income taxes		567			446			443			342			(57	)	NM			NM				1,023			728			(29	%)
Income tax expense (benefit) [1][3][4]		165			120			114			30			(68	)	NM			NM				242			76			(69	%)

Core earnings		402			326			329			312			11			(97	%)		(96	%)		781			652			(17	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1][4][5]		(79	)		13			(201	)		39			27		NM				(31	%)		(306	)		(135	)		56	%
Income (loss) from discontinued operations		(3	)		36			—			—			—			100	%		—			(5	)		—			100	%

Net income	$	320		$	375		$	128		$	351		$	38			(88	%)		(89	%)	$	470		$	517			10	%


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


	THREE MONTHS ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Earned Premiums	$	(5	)	$	—		$	—		$	1		$	(3	)	$	(6	)	$	(2	)
Fee Income		5			—			(1	)		2			21			17			22
Benefits, losses and loss adjustment expense		(124	)		3			(49	)		8			408			(40	)		367
Amortization of deferred policy acquisition costs		(136	)		(85	)		(45	)		27			(36	)		(80	)		(54	)
Income tax expense (benefit)		91			33			32			(11	)		(125	)		51			(104	)

Core earnings (loss)		169			49			61			(21	)		(227	)		80			(187	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		27			15			1			(56	)		(289	)		(29	)		(344	)
Loss from discontinued operations		(3	)		(1	)		—			—			—			(3	)		—

Net income (loss)	$	193		$	63		$	62		$	(77	)	$	(516	)	$	48		$	(531	)


[2]		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.

[3]		The three and six months ended June 30, 2011 includes a tax benefit of $52 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[4]		The three and six months ended June 30, 2011 includes a benefit of $55 related to the release of a deferred tax valuation allowance.

[5]		See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
FINANCIAL HIGHLIGHTS EXCLUDING IMPACTS OF DAC UNLOCKS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
CORE EARNINGS BY SEGMENT

Global Annuity	$	146		$	191		$	169		$	224		$	146			—			(35	%)	$	429		$	539			26	%

Life Insurance		57			51			55			62			56			(2	%)		(10	%)		169			173			2	%

Retirement Plans		10			11			17			20			12			20	%		(40	%)		33			49			48	%

Mutual Funds		20			24			27			27			24			20	%		(11	%)		70			78			11	%

Wealth Management core earnings, excluding DAC Unlock		233			277			268			333			238			2	%		(29	%)		701			839			20	%
DAC unlock impacts on net income		193			63			62			(77	)		(516	)	NM			NM				48			(531	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(106	)		(2	)		(202	)		95			316		NM			NM				(277	)		209		NM
Income (loss) from discontinued operations		—			37			—			—			—			—			—			(2	)		—			100	%

Wealth Management net income		320			375			128			351			38			(88	%)		(89	%)		470			517			10	%

DAC UNLOCK IMPACT ON REVENUES

Global Annuity		3			(2	)		(1	)		2			—			(100	%)		(100	%)		3			1			(67	%)

Life Insurance		(3	)		2			—			1			19		NM			NM				8			20			150	%

Total DAC unlock impact on core revenues		—			—			(1	)		3			19		NM			NM				11			21			91	%
DAC unlock impact on net realized gains (losses), before tax and DAC, excluded from core earnings		(1	)		(1	)		—			3			—			100	%		(100	%)		1			3		NM

Total DAC unlock impact on revenues		(1	)		(1	)		(1	)		6			19		NM			NM				12			24			100	%

DAC UNLOCK IMPACT ON CORE EARNINGS (LOSSES) BY SEGMENT

Global Annuity		116			47			59			(15	)		(124	)	NM			NM				33			(80	)	NM

Life Insurance		28			(1	)		(2	)		(2	)		(65	)	NM			NM				24			(69	)	NM

Retirement Plans		25			3			4			(4	)		(38	)	NM			NM				23			(38	)	NM

DAC unlock impact on core earnings (losses) [1]		169			49			61			(21	)		(227	)	NM			NM				80			(187	)	NM


DAC unlock impact on net realized gains (losses), net of tax and DAC, excluded from core earnings [2] [3]		27			15			1			(56	)		(289	)	NM			NM				(29	)		(344	)	NM

DAC unlock impact from discontinued operations		(3	)		(1	)		—			—			—			100	%		—			(3	)		—			100	%

DAC unlock impact on net income (loss)	$	193		$	63		$	62		$	(77	)	$	(516	)	NM			NM			$	48		$	(531	)	NM


[1]		Included in the three months ended September 30, 2010 are the impacts of assumption updates of $(31), $28 and $18 for Global Annuity, Life Insurance and Retirement Plans, respectively. Included in the three months ended September 30, 2011 are the impacts of assumption updates of $115, $(63) and $(36) for Global Annuity, Life Insurance and Retirement Plans, respectively.

[2]		Included in the three months ended September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011 are income tax expense (benefits) of $13, $11, $0, $(28) and $(157), respectively. Included in the nine months ended September 30, 2010 and 2011 are income tax benefits of $(22) and $(185), respectively.

[3]		Included in the three months ended September 30, 2010 are the impacts of assumption updates of $24, $1 and $(5) for Global Annuity, Life Insurance and Retirement Plans, respectively. Included in the three months ended September 30, 2011 are the impacts of assumption updates of $(256) and $(1) for Global Annuity and Retirement Plans, respectively.

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


																			Total
	U.S.			International			Other			Life			Retirement			Mutual			Wealth
YEAR-TO-DATE	Annuity			Annuity			Annuity			Insurance			Plans			Funds			Management
Balance, December 31, 2010	$	3,216		$	1,680		$	85		$	2,661		$	842		$	43		$	8,527
Adjustments to unrealized gains and losses on securities available — for — sale and other		240			(63	)		1			99			(25	)		1			253

Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		3,456			1,617			86			2,760			817			44			8,780
Capitalization		47			—			—			239			97			26			409
Amortization — Deferred Policy Acquisition Costs		(325	)		(183	)		(5	)		(88	)		(49	)		(36	)		(686	)
Amortization — Present Value of Future Profits		(3	)		—			—			(12	)		—			—			(15	)
Amortization — Realized Capital Gains / Losses		15			(101	)		—			(22	)		(5	)		—			(113	)
Amortization — Unlock — Core		(150	)		326			(5	)		(60	)		(57	)		—			54
Amortization — Unlock — Non-core		(90	)		(424	)		—			1			(9	)		—			(522	)
Effect of Currency Translation Adjustment		—			83			—			—			—			—			83

Balance, September 30, 2011		2,950			1,318			76			2,818			794			34			7,990
Adjustments to unrealized gains and losses on securities available — for — sale and other		(289	)		68			(1	)		(282	)		(99	)		(2	)		(605	)

Balance, September 30, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	2,661		$	1,386		$	75		$	2,536		$	695		$	32		$	7,385

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


	As of			As of			As of			As of			As of
	September 30,			December 31,			March 31,			June 30,			September 30,
	2010			2010			2011			2011			2011
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,141.20			1,257.64			1,325.83			1,320.64			1,131.42

Total Account Value with Guaranteed Minimum Death Benefits (“GMDB”)	$	87,742		$	90,831		$	90,968		$	87,303		$	73,831
GMDB Gross net amount of risk		15,148			10,746			8,616			8,598			15,934
% of GMDB NAR reinsured		55	%		60	%		63	%		64	%		54	%
GMDB Retained net amount of risk		6,756			4,331			3,152			3,136			7,306
GMDB net GAAP liability [1]		407			367			348			347			441

Total Account Value with Guaranteed Minimum Withdrawal Benefits (“GMWB”)		41,085			43,504			44,803			42,501			35,566
GMWB Gross net amount of risk		4,090			2,321			1,296			745			3,025
% of GMWB NAR reinsured		17	%		16	%		17	%		21	%		16	%
GMWB Retained net amount of risk		3,392			1,941			1,080			592			2,533
GMWB Net GAAP Liability [2]		2,597			2,083			1,330			1,176			2,276


JAPAN VARIABLE ANNUITY BUSINESS
Yen / $		83.5			81.1			82.9			80.8			77.1

Total Account Value with GMDB	$	30,912		$	31,249		$	30,778		$	30,785		$	29,522
GMDB Gross net amount of risk		8,569			8,847			7,962			8,469			11,035
% of GMDB NAR reinsured		16	%		14	%		15	%		15	%		13	%
GMDB Retained net amount of risk		7,233			7,593			6,750			7,233			9,583

Total Account Value with Guaranteed Minimum Income Benefits (“GMIB”)		26,731			28,655			28,835			28,526			27,471
GMIB Retained net amount of risk [2]		5,846			5,410			5,777			5,442			7,662
GMDB/GMIB net GAAP liability [1]		592			652			607			635			907


[1]		For the three months ended September 30, 2010, there was a (decrease) to the GMDB/GMIB liability as a result of the unlock, for U.S. and Japan variable annuity businesses of $(69) and $(59), respectively. For the three months ended December 31, 2010 the amounts were $(51) and $(46), respectively. For the three months ended March 31, 2011 the amounts were $(25) and $(21), respectively. For the three months ended June 30, 2011, the amounts were $(10) and $17, respectively. For the three months ended September 30, 2011, the amounts were $89 and $249, respectively.

[2]		Policies with a guaranteed living benefit (a GMWB in the US or a GMIB in Japan) also have a guaranteed death benefit. The net amount at risk (“NAR”) for each benefit is shown, however these benefits are not additive. When a policy terminates due to death, any NAR related to GMWB or GMIB is released. Similarly, when a policy goes into benefit status on a GMWB or, by contract, the GMDB NAR is reduced to $0. When a policy goes into benefit status on a GMIB, its GMDB NAR is released.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
GLOBAL ANNUITY
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	533		$	553		$	545		$	541		$	510			(4	%)		(6	%)	$	1,609		$	1,596			(1	%)
Other fees [1]		58			55			47			51			52			(10	%)		2	%		148			150			1	%

Total fee income		591			608			592			592			562			(5	%)		(5	%)		1,757			1,746			(1	%)


Direct premiums		97			86			81			70			82			(15	%)		17	%		239			233			(3	%)
Reinsurance premiums [1]		(28	)		(23	)		(22	)		(21	)		(23	)		18	%		(10	%)		(76	)		(66	)		13	%

Net premiums		69			63			59			49			59			(14	%)		20	%		163			167			2	%

Total premiums and other considerations		660			671			651			641			621			(6	%)		(3	%)		1,920			1,913			—

Net investment income
Net investment income on G/A assets		377			369			381			380			373			(1	%)		(2	%)		1,192			1,134			(5	%)
Net investment income on equity securities held for trading		1,043			131			803			(597	)		(1,889	)	NM			NM				(905	)		(1,683	)		(86	%)
Other net investment income		49			45			36			34			39			(20	%)		15	%		85			109			28	%

Total net investment income		1,469			545			1,220			(183	)		(1,477	)	NM			NM				372			(440	)	NM
Net realized capital gains — core		5			10			2			6			11			120	%		83	%		16			19			19	%

Total core revenues		2,134			1,226			1,873			464			(845	)	NM			NM				2,308			1,492			(35	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(329	)		(143	)		(312	)		13			660		NM			NM				(637	)		361		NM

Total revenues		1,805			1,083			1,561			477			(185	)	NM			NM				1,671			1,853			11	%

Benefits and Expenses
Benefits and losses
Death benefits [1]		(56	)		79			19			42			393		NM			NM				172			454			164	%
Other contract benefits		146			148			145			143			150			3	%		5	%		423			438			4	%
Change in reserve [2]		64			61			50			17			58			(9	%)	NM				169			125			(26	%)
Sales inducements [1]		11			3			8			14			18			64	%		29	%		37			40			8	%
Interest credited on G/A assets [3]		243			192			217			252			229			(6	%)		(9	%)		749			698			(7	%)
Interest credited on International variable annuities		1,043			131			803			(597	)		(1,889	)	NM			NM				(905	)		(1,683	)		(86	%)

Total benefits and losses		1,451			614			1,242			(129	)		(1,041	)	NM			NM				645			72			(89	%)

Other insurance expenses
Commissions & wholesaling expenses		117			108			114			111			100			(15	%)		(10	%)		364			325			(11	%)
Operating expenses		83			98			87			88			87			5	%		(1	%)		247			262			6	%
Premium taxes and other expenses [4]		12			6			10			6			26			117	%	NM				35			42			20	%

Subtotal — expenses before deferral		212			212			211			205			213			—			4	%		646			629			(3	%)
Deferred policy acquisition costs		(14	)		(18	)		(15	)		(16	)		(16	)		(14	%)		—			(78	)		(47	)		40	%

Total other insurance expense		198			194			196			189			197			(1	%)		4	%		568			582			2	%
Amortization of deferred policy acquisition costs [1]		112			99			132			194			18			(84	%)		(91	%)		514			344			(33	%)

Total benefits and expenses		1,761			907			1,570			254			(826	)	NM			NM				1,727			998			(42	%)
Core earnings (loss) before income taxes		373			319			303			210			(19	)	NM			NM				581			494			(15	%)
Income tax expense (benefit) [1] [5]		111			81			75			1			(41	)	NM			NM				119			35			(71	%)

Core earnings [1]		262			238			228			209			22			(92	%)		(89	%)		462			459			(1	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [6]		(85	)		29			(178	)		19			27		NM				42	%		(319	)		(132	)		59	%
Loss from discontinued operations		(2	)		(4	)		—			—			—			100	%		—			(2	)		—			100	%

Net income [1]	$	175		$	263		$	50		$	228		$	49			(72	%)		(79	%)	$	141		$	327			132	%


RETURN ON ASSETS (After-tax bps)
Core earnings		71.1			63.0			60.4			56.2			6.3			(91	%)		(89	%)		40.1			43.0			7	%
Net income (loss)		47.4			69.5			13.2			61.3			14.0			(70	%)	NM				12.2			30.7			152	%


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


	THREE MONTH ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Other Fees	$	8		$	(2	)	$	(1	)	$	1		$	2		$	9		$	2
Reinsurance Premiums		(5	)		—			—			1			(3	)		(6	)		(2	)
Death Benefits		(123	)		9			(46	)		6			332			(42	)		292
Sales Inducements		—			(6	)		(3	)		2			7			3			6
Amortization of deferred policy acquisition costs		(53	)		(84	)		(42	)		17			(146	)		(16	)		(171	)
Income tax expense (benefit)		63			32			31			(8	)		(69	)		25			(46	)

Core earnings (loss)		116			47			59			(15	)		(124	)		33			(80	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		32			15			—			(55	)		(283	)		(26	)		(338	)
Loss from discontinued operations		(3	)		(1	)		—			—			—			(3	)		—

Net income (loss)		145			61			59			(70	)		(407	)		4			(418	)


[2]		The three months ended June 30, 2011 include a benefit of $28, before-tax, related to the release of reserves associated with the 3 Win product.

[3]		Included in the three months ended, December 31, 2010 is a benefit of $36, before-tax, related to a true-up of reserves associated with certain non-dollar denominated investor notes.

[4]		The three and nine months ended September 30, 2011 includes $22, before-tax, of costs associated with expected assessments related to the Executive Life Insurance Company of New York (“ELNY”) insolvency.

[5]		The three months ended June 30, 2011 include a tax benefit of $45 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[6]		See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
GLOBAL ANNUITY
SUPPLEMENTAL DATA — U.S. ANNUITY — ACCOUNT VALUE ROLL FORWARD


	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2010			2010			2011			2011			2011
VARIABLE ANNUITIES
Beginning balance	$	75,961		$	80,357		$	83,013		$	82,977		$	79,347

Deposits		297			286			250			227			192
Surrenders		(2,275	)		(2,723	)		(2,963	)		(3,141	)		(2,445	)
Death benefits/annuitizations/annuity payouts [1]		(361	)		(398	)		(419	)		(392	)		(344	)
Transfers		(16	)		(3	)		(47	)		(44	)		(45	)

Net Flows		(2,355	)		(2,838	)		(3,179	)		(3,350	)		(2,642	)
Change in market value/change in reserve/interest credited		6,757			5,498			3,142			(281	)		(9,989	)
Other [2]		(6	)		(4	)		1			1			—

Ending balance	$	80,357		$	83,013		$	82,977		$	79,347		$	66,716


FIXED MARKET VALUE ADJUSTED (“MVA”) AND OTHER

Beginning balance	$	12,579		$	12,397		$	12,223		$	12,136		$	11,978
Deposits		16			19			13			20			36
Surrenders		(256	)		(241	)		(173	)		(203	)		(301	)
Death benefits/annuitizations/annuity payouts [1]		(136	)		(150	)		(152	)		(167	)		(165	)
Transfers		39			51			66			68			73

Net Flows		(337	)		(321	)		(246	)		(282	)		(357	)
Change in market value/change in reserve/interest credited		155			147			159			124			106

Ending balance	$	12,397		$	12,223		$	12,136		$	11,978		$	11,727


TOTAL U.S. ANNUITY

Beginning balance	$	88,540		$	92,754		$	95,236		$	95,113		$	91,325

Deposits		313			305			263			247			228
Surrenders		(2,531	)		(2,964	)		(3,136	)		(3,344	)		(2,746	)
Death benefits/annuitizations/annuity payouts [1]		(497	)		(548	)		(571	)		(559	)		(509	)
Transfers		23			48			19			24			28

Net Flows		(2,692	)		(3,159	)		(3,425	)		(3,632	)		(2,999	)
Change in market value/change in reserve/interest credited		6,912			5,645			3,301			(157	)		(9,883	)
Other [2]		(6	)		(4	)		1			1			—

Ending balance	$	92,754		$	95,236		$	95,113		$	91,325		$	78,443


[1]		Includes transfers from the accumulation phase to the annuitization phase.

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
GLOBAL ANNUITY
SUPPLEMENTAL DATA — INTERNATIONAL ANNUITY- ACCOUNT VALUE ROLL FORWARD


	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2010			2010			2011			2011			2011
VARIABLE ANNUITIES
Beginning balance	$	30,973		$	33,177		$	33,507		$	33,027		$	32,981
Deposits/Premiums/other		2			1			1			1			—
Surrenders		(337	)		(363	)		(285	)		(291	)		(296	)
Death benefits/annuitizations/other [1]		(145	)		(159	)		(192	)		(166	)		(165	)

Net Flows		(480	)		(521	)		(476	)		(456	)		(461	)
Change in market value/currency/change in reserve/interest credited		850			(57	)		610			(404	)		(2,477	)
Effect of currency translation		1,834			908			(614	)		814			1,395

Ending balance	$	33,177		$	33,507		$	33,027		$	32,981		$	31,438


FIXED MVA AND OTHER [2]
Beginning balance	$	4,488		$	4,703		$	4,596		$	4,463		$	4,824
Surrenders		(35	)		(58	)		(43	)		(31	)		(44	)
Death benefits/annuitizations/other [1]		(28	)		(209	)		(23	)		246			(16	)

Net Flows		(63	)		(267	)		(66	)		215			(60	)
Change in market value/currency/change in reserve/interest credited		13			23			31			22			19
Effect of currency translation		265			137			(98	)		124			230

Ending balance	$	4,703		$	4,596		$	4,463		$	4,824		$	5,013


TOTAL INTERNATIONAL ANNUITY
Beginning balance	$	35,461		$	37,880		$	38,103		$	37,490		$	37,805
Deposits/Premiums/other		2			1			1			1			—
Surrenders		(372	)		(421	)		(328	)		(322	)		(340	)
Death benefits/annuitizations/other [1]		(173	)		(368	)		(215	)		80			(181	)

Net Flows		(543	)		(788	)		(542	)		(241	)		(521	)
Change in market value/change in reserve/interest credited		863			(34	)		641			(382	)		(2,458	)
Effect of currency translation		2,099			1,045			(712	)		938			1,625

Ending balance	$	37,880		$	38,103		$	37,490		$	37,805		$	36,451


[1]		Included in the three months ended September 30, 2011 are current period payments of $5.9 and interest credited of $16.9 related to 3 Win “GMIB” policies that annuitized in fourth quarter 2008 and first quarter 2009, 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 September 30, 2011 of $5.0 billion, approximately $2.7 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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
GLOBAL ANNUITY
SUPPLEMENTAL DATA — OTHER — ACCOUNT VALUE AND ASSET ROLL FORWARD


	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2010			2010			2011			2011			2011
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	19,950		$	20,086		$	19,674		$	19,326		$	19,230
Deposits		132			87			5			4			125
Surrenders		(250	)		(478	)		(455	)		(234	)		(197	)
Death benefits/annuity payouts		(260	)		(169	)		(179	)		(171	)		(175	)

Net Flows		(378	)		(560	)		(629	)		(401	)		(247	)
Change in market value/change in reserve/interest credited		514			148			281			305			494


Ending balance	$	20,086		$	19,674		$	19,326		$	19,230		$	19,477


[1]		Included in the balance is approximately $1.6 billion for the three months ended September 30, 2010, approximately $1.4 billion for the three months ended December 31, 2010 and March 31, 2011 and approximately $1.5 billion for the three months ended June 30, 2011 and September 30, 2011 related to an intrasegment funding agreement which is eliminated in consolidation.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
LIFE INSURANCE
INCOME STATEMENTS


																Year Over
																Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Variable life fees	$	22		$	25		$	25		$	25		$	24			9	%		(4	%)	$	70		$	74			6	%
Cost of insurance charges		194			194			194			197			198			2	%		1	%		565			589			4	%
Other fees [1]		54			74			59			58			86			59	%		48	%		200			203			2	%

Total fee income		270			293			278			280			308			14	%		10	%		835			866			4	%

Direct premiums		35			37			35			38			38			9	%		—			103			111			8	%
Reinsurance premiums		(60	)		(63	)		(59	)		(63	)		(63	)		(5	%)		—			(173	)		(185	)		(7	%)

Net premiums		(25	)		(26	)		(24	)		(25	)		(25	)		—			—			(70	)		(74	)		(6	%)

Total premiums and other considerations		245			267			254			255			283			16	%		11	%		765			792			4	%

Net investment income
Net investment income on G/A assets		131			128			137			138			138			5	%		—			395			413			5	%
Other net investment income (loss)		1			3			5			9			8		NM				(11	%)		(4	)		22		NM

Total net investment income		132			131			142			147			146			11	%		(1	%)		391			435			11	%
Net realized capital losses — core		—			(1	)		—			—			—			—			—			(1	)		—			100	%

Total core revenues		377			397			396			402			429			14	%		7	%		1,155			1,227			6	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		11			(21	)		(32	)		10			23			109	%		130	%		43			1			(98	%)

Total revenues		388			376			364			412			452			16	%		10	%		1,198			1,228			3	%

Benefits and Expenses
Benefits and losses
Death benefits		134			113			129			134			130			(3	%)		(3	%)		348			393			13	%
Other contract benefits		8			6			8			10			12			50	%		20	%		29			30			3	%
Change in reserve [1]		(1	)		(4	)		7			5			78		NM			NM				3			90		NM
Sales inducements		2			1			—			1			—			(100	%)		(100	%)		3			1			(67	%)
Interest credited on G/A assets		85			87			92			87			89			5	%		2	%		264			268			2	%

Total benefits and losses		228			203			236			237			309			36	%		30	%		647			782			21	%

Other insurance expenses
Commissions & wholesaling expenses		48			51			44			46			56			17	%		22	%		128			146			14	%
Operating expenses		65			77			64			68			69			6	%		1	%		196			201			3	%
Premium taxes and other expenses		10			26			14			17			18			80	%		6	%		41			49			20	%

Subtotal — expenses before deferral		123			154			122			131			143			16	%		9	%		365			396			8	%
Deferred policy acquisition costs		(79	)		(85	)		(70	)		(78	)		(91	)		(15	%)		(17	%)		(211	)		(239	)		(13	%)

Total other insurance expense		44			69			52			53			52			18	%		(2	%)		154			157			2	%
Amortization of deferred policy acquisition costs and present value of future profits [1]		(13	)		52			34			34			92		NM				171	%		85			160			88	%

Total benefits and expenses		259			324			322			324			453			75	%		40	%		886			1,099			24	%
Core earnings before income taxes		118			73			74			78			(24	)	NM			NM				269			128			(52	%)
Income tax expense (benefit) [1] [2]		33			23			21			18			(15	)	NM			NM				76			24			(68	%)

Core earnings (loss) [1]		85			50			53			60			(9	)	NM			NM				193			104			(46	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		12			(12	)		(18	)		6			6			(50	%)		—			31			(6	)	NM

Net income (loss) [1]	$	97		$	38		$	35		$	66		$	(3	)	NM			NM			$	224		$	98			(56	%)


Earnings Margin (After-tax)
Core earnings		22.5	%		12.6	%		13.4	%		14.9	%		(2.1	%)		(24.6	)		(17.0	)		16.7	%		8.5	%		(8.2	)
Net income		25.0	%		10.1	%		9.6	%		16.0	%		(0.7	%)		(25.7	)		(16.7	)		18.7	%		8.0	%		(10.7	)


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


	THREE MONTH ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Other Fees	$	(3	)	$	2		$	—		$	1		$	19		$	8		$	20
Change in reserve		(2	)		—			—			—			66			(2	)		66
Amortization of deferred policy acquisition costs		(46	)		3			3			4			53			(29	)		60
Income tax expense (benefit)		15			—			(1	)		(1	)		(35	)		13			(37	)

Core earnings (loss)		28			(1	)		(2	)		(2	)		(65	)		24			(69	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings (losses)		1			—			1			—			(1	)		5			—

Net income (loss)		29			(1	)		(1	)		(2	)		(66	)		29			(69	)


[2]		The three and six months ended June 30, 2011 include a tax benefit of $3 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[3]		See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
LIFE INSURANCE

SUPPLEMENTAL DATA — INDIVIDUAL LIFE


											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2010		2010		2011		2011		2011		Change			Change			2010		2011		Change

SALES BY DISTRIBUTION
National Accounts	$	26	$	26	$	22	$	28	$	29		12	%		2	%	$	72	$	80		10	%
Independent		28		25		28		25		31		10	%		23	%		72		84		16	%
Other		3		3		4		3		2		(26	%)		(17	%)		9		9		(2	%)

Total sales by distribution	$	57	$	54	$	54	$	56	$	62		9	%		11	%	$	153	$	172		12	%


SALES BY PRODUCT
Variable Life	$	8	$	7	$	7	$	8	$	6		(25	%)		(25	%)	$	24	$	21		(13	%)
Universal life		45		43		43		43		52		16	%		21	%		116		138		19	%
Term/other life		4		4		4		5		4		—			(20	%)		13		13		—

Total sales by product	$	57	$	54	$	54	$	56	$	62		9	%		11	%	$	153	$	172		12	%


PREMIUMS & DEPOSITS
Variable life	$	136	$	148	$	127	$	130	$	134		(1	%)		3	%	$	409	$	391		(4	%)
Universal life/other life		294		329		288		318		378		29	%		19	%		814		984		21	%
Term/other		37		42		37		39		43		16	%		10	%		110		119		8	%

Total Premiums & Deposits	$	467	$	519	$	452	$	487	$	555		19	%		14	%	$	1,333	$	1,494		12	%


ACCOUNT VALUE
General account	$	6,551	$	6,690	$	6,808	$	6,954	$	7,126		9	%		2	%
Separate account		5,201		5,553		5,662		5,412		4,682		(10	%)		(13	%)

Total account value	$	11,752	$	12,243	$	12,470	$	12,366	$	11,808		—			(5	%)


ACCOUNT VALUE BY PRODUCT
Variable life	$	5,757	$	6,115	$	6,235	$	5,993	$	5,259		(9	%)		(12	%)
Universal life/other life		5,995		6,128		6,235		6,373		6,549		9	%		3	%

Total account value by product	$	11,752	$	12,243	$	12,470	$	12,366	$	11,808		—			(5	%)


LIFE INSURANCE IN-FORCE
Variable life	$	75,399	$	74,044	$	72,946	$	71,977	$	70,926		(6	%)		(1	%)
Universal life		57,734		58,789		59,613		60,759		62,052		7	%		2	%
Term		73,959		75,797		77,138		78,714		80,249		9	%		2	%

Total life insurance in-force	$	207,092	$	208,630	$	209,697	$	211,450	$	213,227		3	%		1	%

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
LIFE INSURANCE
SUPPLEMENTAL DATA — INDIVIDUAL LIFE — ACCOUNT VALUE ROLL FORWARD


	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2010			2010			2011			2011			2011
VARIABLE LIFE
Beginning balance	$	5,507		$	5,757		$	6,115		$	6,235		$	5,993
First year & single premiums		18			15			13			16			15
Renewal premiums		118			133			114			114			119

Premiums and deposits		136			148			127			130			134
Surrenders		(93	)		(106	)		(98	)		(102	)		(91	)
Death benefits		(18	)		(14	)		(19	)		(17	)		(20	)

Net Flows		25			28			10			11			23
Policy fees		(118	)		(123	)		(108	)		(111	)		(120	)
Change in market value/interest credited		343			453			218			(142	)		(637	)

Ending balance	$	5,757		$	6,115		$	6,235		$	5,993		$	5,259


UNIVERSAL LIFE [1]
Beginning balance	$	5,873		$	5,995		$	6,128		$	6,235		$	6,373
First year & single premiums		154			165			143			165			210
Renewal premiums		140			164			145			153			168

Premiums and deposits		294			329			288			318			378
Surrenders		(43	)		(49	)		(43	)		(36	)		(44	)
Death benefits		(25	)		(30	)		(35	)		(29	)		(29	)

Net Flows		226			250			210			253			305
Policy fees		(161	)		(177	)		(160	)		(173	)		(193	)
Change in market value/interest credited		57			60			57			58			64

Ending balance	$	5,995		$	6,128		$	6,235		$	6,373		$	6,549


INDIVIDUAL LIFE
Beginning balance	$	11,380		$	11,752		$	12,243		$	12,470		$	12,366
First year & single premiums		172			180			156			181			225
Renewal premiums		258			297			259			267			287

Premiums and deposits		430			477			415			448			512
Surrenders		(136	)		(155	)		(141	)		(138	)		(135	)
Death benefits		(43	)		(44	)		(54	)		(46	)		(49	)

Net Flows		251			278			220			264			328
Policy fees		(279	)		(300	)		(268	)		(284	)		(313	)
Change in market value/interest credited		400			513			275			(84	)		(573	)

Ending balance	$	11,752		$	12,243		$	12,470		$	12,366		$	11,808


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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
LIFE INSURANCE
SUPPLEMENTAL DATA — PRIVATE PLACEMENT LIFE INSURANCE — ACCOUNT VALUE AND ACCOUNT VALUE ROLL FORWARD


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month
	2010			2010			2011			2011			2011			Change			Change
PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE

General account	$	1,743		$	1,756		$	1,757		$	1,760		$	1,771			2	%		1	%
Non-guaranteed separate account		33,815			34,286			34,667			34,940			34,218			1	%		(2	%)


Total Private Placement Life Insurance account value	$	35,558		$	36,042		$	36,424		$	36,700		$	35,989			1	%		(2	%)


PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE ROLL FORWARD
Beginning balance	$	35,049		$	35,558		$	36,042		$	36,424		$	36,700
Premiums and Deposits		29			66			20			40			8
Surrenders		(11	)		1			(4	)		(8	)		(557	)
Death benefits/annuity payouts		(35	)		(37	)		(38	)		(49	)		(37	)

Net Flows		(17	)		30			(22	)		(17	)		(586	)
Change in market value/change in reserve/interest credited		575			477			458			348			(78	)
Other [1]		(49	)		(23	)		(54	)		(55	)		(47	)

Ending balance	$	35,558		$	36,042		$	36,424		$	36,700		$	35,989


[1]		Primarily consists of cost of insurance and mortality & expense charges.

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


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	57		$	63		$	65		$	67		$	63			11	%		(6	%)	$	167		$	195			17	%
Mutual fund and other fees		31			29			29			32			29			(6	%)		(9	%)		93			90			(3	%)

Total fee income		88			92			94			99			92			5	%		(7	%)		260			285			10	%

Direct premiums		1			2			3			2			1			—			(50	%)		5			6			20	%

Total premiums and other considerations		89			94			97			101			93			4	%		(8	%)		265			291			10	%

Net investment income
Net investment income on G/A assets		92			94			96			96			97			5	%		1	%		262			289			10	%
Other net investment income		1			3			3			4			3		NM				(25	%)		5			10			100	%

Total net investment income		93			97			99			100			100			8	%		—			267			299			12	%
Net realized losses — core		(2	)		(1	)		—			—			—			100	%		—			(5	)		—			100	%

Total core revenues		180			190			196			201			193			7	%		(4	%)		527			590			12	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		2			(7	)		(9	)		11			(2	)	NM			NM				(5	)		—			100	%

Total revenues		182			183			187			212			191			5	%		(10	%)		522			590			13	%

Benefits and Expenses
Benefits and losses
Death benefits [1]		(1	)		—			1			(2	)		2		NM			NM				(0	)		1			—
Other contract benefits		15			15			16			15			15			—			—			45			46			2	%
Change in reserve		(6	)		(5	)		(7	)		(5	)		(7	)		(17	%)		(40	%)		(23	)		(19	)		17	%
Sales inducements [1]		—			—			—			1			1			—			—			—			2			—
Interest credited on G/A assets		63			64			62			66			70			11	%		6	%		182			198			9	%

Total benefits and losses		71			74			72			75			81			14	%		8	%		204			228			12	%

Other insurance expenses
Commissions & wholesaling expenses		44			48			49			46			46			5	%		—			129			141			9	%
Operating expenses		67			72			70			68			68			1	%		—			206			206			—
Premium taxes and other expenses		6			6			7			6			5			(17	%)		(17	%)		16			18			13	%

Subtotal — expenses before deferral		117			126			126			120			119			2	%		(1	%)		351			365			4	%
Deferred policy acquisition costs		(33	)		(36	)		(36	)		(30	)		(31	)		6	%		(3	%)		(101	)		(97	)		4	%

Total other insurance expense		84			90			90			90			88			5	%		(2	%)		250			268			7	%
Amortization of deferred policy acquisition costs [1]		(22	)		12			10			24			74		NM			NM				7			108		NM

Total benefits and expenses		133			176			172			189			243			83	%		29	%		461			604			31	%
Core earnings (loss) before income taxes		47			14			24			12			(50	)	NM			NM				66			(14	)	NM
Income tax expense (benefit) [1] [2]		12			—			3			(4	)		(24	)	NM			NM				10			(25	)	NM

Core earnings (loss) [2]		35			14			21			16			(26	)	NM			NM				56			11			(80	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(5	)		(5	)		(6	)		14			(6	)		(20	%)	NM				(18	)		2		NM

Net income (loss) [1]	$	30		$	9		$	15		$	30		$	(32	)	NM			NM			$	38		$	13			(66	%)


RETURN ON ASSETS (After-tax bps)
Core earnings		29.7			11.0			15.6			11.5			(19.8	)	NM			NM				16.0			2.9			(82	%)
Net income (loss)		25.4			7.1			11.1			21.6			(24.3	)	NM			NM				10.8			3.4			(69	%)


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


	THREE MONTH ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2010			2010			2011			2011			2011			2010			2011
Death Benefits	$	—		$	—		$	—		$	—		$	1		$	—		$	1
Sales Inducements		(1	)		—			—			—			1			(1	)		1
Amortization of deferred policy acquisition costs		(37	)		(4	)		(6	)		6			57			(35	)		57
Income tax expense (benefit)		13			1			2			(2	)		(21	)		13			(21	)

Core earnings (loss)		25			3			4			(4	)		(38	)		23			(38	)
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		(6	)		—			—			(1	)		(5	)		(8	)		(6	)

Net income (loss)		19			3			4			(5	)		(43	)		15			(44	)


[2]		The three and six months ended June 30, 2011 include a tax benefit of $4 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[3]		See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

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


											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2010		2010		2011		2011		2011		Change			Change
RETIREMENT PLANS TOTAL
General account	$	7,171	$	7,280	$	7,502	$	7,638	$	8,042		12	%		5	%
Guaranteed separate account		3		6		—		—		—		(100	%)		—
Non-guaranteed separate account		23,464		25,654		27,522		27,443		23,799		1	%		(13	%)

Total Retirement Plans account value	$	30,638	$	32,940	$	35,024	$	35,081	$	31,841		4	%		(9	%)
401(k)/403(b)/457 mutual funds		18,602		19,578		20,324		20,474		17,844		(4	%)		(13	%)

Total Retirement Plans Assets Under Management	$	49,240	$	52,518	$	55,348	$	55,555	$	49,685		1	%		(11	%)

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
RETIREMENT PLANS
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLL FORWARD


	THREE MONTHS ENDED,
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2010			2010			2011			2011			2011
401(k) GROUP ANNUITY ACCOUNT VALUE
Beginning balance	$	16,926		$	18,764		$	20,291		$	21,891		$	21,963
Deposits		1,108			1,211			1,807			1,194			1,425
Surrenders		(688	)		(874	)		(921	)		(1,049	)		(911	)
Death benefits/annuity payouts		(15	)		(18	)		(18	)		(20	)		(19	)
Transfers [1]		—			—			(26	)		1			11

Net Flows		405			319			842			126			506
Change in market value/change in reserve/interest credited		1,415			1,209			758			(54	)		(2,700	)
Other		18			(1	)		—			—			—

Ending balance	$	18,764		$	20,291		$	21,891		$	21,963		$	19,769


403(b)/457 GROUP ANNUITY ACCOUNT VALUE
Beginning balance	$	11,017		$	11,874		$	12,649		$	13,133		$	13,118
Deposits		395			369			359			326			330
Surrenders		(210	)		(239	)		(255	)		(347	)		(259	)
Death benefits/annuity payouts		(11	)		(12	)		(12	)		(12	)		(12	)
Transfers [1]		—			—			—			(0	)		3

Net Flows		174			118			92			(33	)		62
Change in market value/change in reserve/interest credited		680			658			392			18			(1,108	)
Other		3			(1	)		—			—			—

Ending balance	$	11,874		$	12,649		$	13,133		$	13,118		$	12,072


401(k)/403(b)/457 MUTUAL FUNDS ASSETS
Beginning balance	$	15,848		$	18,602		$	19,578		$	20,324		$	20,474
Reclassificiation of AUA to AUM [2]		1,294			—			—			267			(0	)

Deposits		525			491			697			549			715
Surrenders		(596	)		(825	)		(995	)		(814	)		(511	)
Death benefits/annuity payouts		—			—			—			(2	)		2
Transfers [1]		—			—			26			(1	)		(14	)

Net Flows		(71	)		(334	)		(272	)		(268	)		192
Change in market value/change in reserve/interest credited		1,552			1,308			1,018			151			(2,822	)
Other		(21	)		2			—			—			—

Ending balance	$	18,602		$	19,578		$	20,324		$	20,474		$	17,844


TOTAL RETIREMENT
Beginning balance	$	43,791		$	49,240		$	52,518		$	55,348		$	55,555
Reclassificiation of AUA to AUM [2]		1,294			—			—			267			—

Deposits		2,028			2,071			2,863			2,069			2,470
Surrenders		(1,494	)		(1,938	)		(2,171	)		(2,210	)		(1,681	)
Death benefits/annuity payouts		(26	)		(30	)		(30	)		(34	)		(29	)

Net Flows		508			103			662			(175	)		760
Change in market value/change in reserve/interest credited		3,647			3,175			2,168			115			(6,630	)

Ending balance	$	49,240		$	52,518		$	55,348		$	55,555		$	49,685


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

[2]		Specific plans were identified that required reclassification from AUA to AUM.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
MUTUAL FUNDS
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Revenues

Fee income	$	159		$	171		$	178		$	175		$	153			(4	%)		(13	%)	$	493		$	506			3	%

Net investment income		(2	)		(2	)		(1	)		(1	)		—			100	%		100	%		(6	)		(2	)		67	%
Total core revenues		157			169			177			174			153			(3	%)		(12	%)		487			504			3	%
Net realized capital gains (losses), before tax and DAC, excluded from core revenues		(1	)		—			1			—			—			100	%		—			—			1			—

Total revenues		156			169			178			174			153			(2	%)		(12	%)		487			505			4	%

Benefits and Expenses

Benefits and claims
Total benefits and claims		(1	)		1			—			—			—			100	%		—			(1	)		—			100	%

Other insurance expenses
Commissions & wholesaling expenses		81			95			101			94			75			(7	%)		(20	%)		261			270			3	%
Operating expenses		29			31			29			31			31			7	%		—			87			91			5	%
Premium taxes and other expenses		13			(1	)		4			4			5			(62	%)		25	%		22			13			(41	%)

Subtotal — expenses before deferral		123			125			134			129			111			(10	%)		(14	%)		370			374			1	%
Deferred policy acquisition costs		(7	)		(10	)		(11	)		(9	)		(6	)		14	%		33	%		(27	)		(26	)		4	%

Total other insurance expense		116			115			123			120			105			(9	%)		(13	%)		343			348			1	%
Amortization of deferred policy acquisition costs		13			13			12			12			12			(8	%)		—			38			36			(5	%)

Total benefits and expenses		128			129			135			132			117			(9	%)		(11	%)		380			384			1	%

Core earnings before income taxes		29			40			42			42			36			24	%		(14	%)		107			120			12	%
Income tax expense		9			16			15			15			12			33	%		(20	%)		37			42			14	%

Core earnings		20			24			27			27			24			20	%		(11	%)		70			78			11	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [1]		(1	)		1			1			—			—			100	%		—			—			1			—
Income (Loss) from discontinued operations [2]		(1	)		40			—			—			—			100	%		—			(3	)		—			100	%

Net income	$	18		$	65		$	28		$	27		$	24			33	%		(11	%)	$	67		$	79			18	%


RETURN ON ASSETS (After-tax bps)
Core earnings		8.9			9.9			10.6			10.6			10.5			18	%		(1	%)		10.1			11.3			12	%
Net income		7.9			26.6			11.0			10.6			10.5			33	%		(1	%)		9.5			11.5			21	%


[1]		See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

[2]		Included in the three months ended December 31, 2010 is a gain of $41, after-tax, from the sale of the Canadian mutual funds business.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
MUTUAL FUNDS
SUPPLEMENTAL DATA [1]


											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2010		2010		2011		2011		2011		Change			Change			2010		2011		Change

NON-PROPRIETARY MUTUAL FUNDS DEPOSITS
Retail Mutual Funds	$	2,505	$	3,355	$	3,934	$	3,131	$	2,051		(18	%)		(34	%)	$	9,377	$	9,116		(3	%)
Investment Only Mutual Funds		424		604		807		676		2,228	NM			NM				1,902		3,711		95	%
529 College Savings Plan		52		71		80		65		59		13	%		(9	%)		142		204		44	%

Total Non-Proprietary Mutual Funds Deposits	$	2,981	$	4,030	$	4,821	$	3,872	$	4,338		46	%		12	%	$	11,421	$	13,031		14	%


ASSETS UNDER MANAGEMENT
Retail mutual fund assets	$	44,788	$	48,753	$	51,064	$	49,584	$	39,258		(12	%)		(21	%)
Investment Only mutual fund assets		5,570		6,659		7,298		6,954		6,625		19	%		(5	%)
Proprietary mutual fund assets [2]		41,778		43,602		44,044		42,204		35,494		(15	%)		(16	%)
529 College Savings Plan assets		1,328		1,472		1,583		1,612		1,424		7	%		(12	%)

Total Mutual Fund Assets	$	93,464	$	100,486	$	103,989	$	100,354	$	82,801		(11	%)		(17	%)


[1]		Supplemental data related to the Canadian business was removed from this schedule for all periods presented herein as a result of the sale of this business which occurred in the three months ended, December 31, 2010. Approximately $1.8 billion of AUM were transferred out to a third party as a result of the sale.

[2]		Includes Company sponsored mutual fund assets that are held in separate accounts supporting variable insurance and investment products.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
MUTUAL FUNDS
SUPPLEMENTAL DATA — ASSET ROLL FORWARD


	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2010			2010			2011			2011			2011

NON-PROPRIETARY MUTUAL FUNDS
Beginning balance	$	47,283		$	51,686		$	56,884		$	59,945		$	58,150
Deposits		2,981			4,030			4,821			3,872			4,338
Redemptions		(3,180	)		(3,471	)		(3,827	)		(5,054	)		(6,734	)

Net Flows		(199	)		559			994			(1,182	)		(2,396	)
Change in market value		4,623			4,749			2,095			(635	)		(8,430	)
Other [1]		(21	)		(110	)		(28	)		22			(17	)

Ending balance	$	51,686		$	56,884		$	59,945		$	58,150		$	47,307


PROPRIETARY MUTUAL FUNDS [2]
Beginning balance	$	39,402		$	41,778		$	43,602		$	44,044		$	42,204
Net Flows		(1,299	)		(1,571	)		(1,507	)		(1,604	)		(1,244	)
Change in market value		3,675			3,395			1,949			(236	)		(5,466	)

Ending balance	$	41,778		$	43,602		$	44,044		$	42,204		$	35,494


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

[2]		Includes Company sponsored mutual fund assets that are held in separate accounts supporting variable insurance and investment products.

CORPORATE AND OTHER

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CORPORATE AND OTHER
INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Earned premiums	$	1		$	3		$	(1	)	$	1		$	—			(100	%)		(100	%)	$	—		$	—			—
Fee income		46			44			53			53			55			20	%		4	%		143			161			13	%
Net investment income		45			54			55			50			38			(16	%)		(24	%)		190			143			(25	%)
Net realized capital gains (losses)		47			39			(14	)		10			(56	)	NM			NM				51			(60	)	NM
Other revenues		—			(1	)		1			(1	)		—			—			100	%		—			—			—

Total revenues		139			139			94			113			37			(73	%)		(67	%)		384			244			(36	%)

Benefits, losses and loss adjustment expenses		64			13			5			287			15			(77	%)		(95	%)		236			307			30	%
Insurance operating costs and other expenses [1]		59			85			67			71			62			5	%		(13	%)		270			200			(26	%)
Interest expense		128			128			128			128			128			—			—			380			384			1	%

Total benefits and expenses		251			226			200			486			205			(18	%)		(58	%)		886			891			1	%

Loss from continuing operations before income taxes		(112	)		(87	)		(106	)		(373	)		(168	)		(50	%)		55	%		(502	)		(647	)		(29	%)

Income tax benefit [2]		(39	)		(50	)		(39	)		(135	)		(64	)		(64	%)		53	%		(158	)		(238	)		(51	%)


Loss from continuing operations		(73	)		(37	)		(67	)		(238	)		(104	)		(42	%)		56	%		(344	)		(409	)		(19	%)

Add: Income (loss) from discontinued operations [3]		(3	)		(2	)		2			(77	)		5		NM			NM				(105	)		(70	)		33	%


Net Loss		(76	)		(39	)		(65	)		(315	)		(99	)		(30	%)		69	%		(449	)		(479	)		(7	%)

Less: Net realized capital gains (losses), net of tax and DAC, excluded from core losses [4]		31			19			(11	)		12			(30	)	NM			NM				29			(29	)	NM
Less: Income (loss) from discontinued operations [3]		(3	)		(2	)		2			(77	)		5		NM			NM				(105	)		(70	)		33	%


Core losses	$	(104	)	$	(56	)	$	(56	)	$	(250	)	$	(74	)		29	%		70	%	$	(373	)	$	(380	)		(2	%)


[1]		Includes a before-tax charge of $73 for a litigation settlement in the nine months ended September 30, 2010.

[2]		The nine months ended September 30, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree health care costs beginning in 2013.

[3]		The nine months ended September 30, 2010 includes a goodwill impairment of $101, after-tax, related to the purchase of the Federal Trust Corporation. Additionally, the three months ended June 30, 2011 includes an after-tax charge of $74 related to the disposition of Federal Trust Corporation.

[4]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CORPORATE AND OTHER
OTHER OPERATIONS

INCOME STATEMENTS


															Year Over
	THREE MONTHS ENDED														Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,		Mar, 31			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2010			2010		2011			2011			2011			Change			Change			2010			2011			Change

Earned premiums	$	—		$	—	$	—		$	—		$	—			—			—		$	1		$	—			(100	%)
Net investment income		40			40		39			37			37			(8	%)		—			123			113			(8	%)
Net realized capital gains (losses)		7			1		(3	)		4			(5	)	NM			NM				23			(4	)	NM
Other revenues		—			—		1			(1	)		—			—			100	%		—			—			—

Total revenues		47			41		37			40			32			(32	%)		(20	%)		147			109			(26	%)

Losses and loss adjustment expenses [1]		63			15		4			286			21			(67	%)		(93	%)		236			311			32	%
Insurance operating costs and expenses		5			11		7			6			5			—			(17	%)		19			18			(5	%)

Total benefits and expenses		68			26		11			292			26			(62	%)		(91	%)		255			329			29	%

Income (loss) before income taxes		(21	)		15		26			(252	)		6		NM			NM				(108	)		(220	)		(104	%)

Income tax expense (benefit)		(9	)		1		5			(88	)		(2	)		78	%		98	%		(41	)		(85	)		(107	%)


Net income (loss)		(12	)		14		21			(164	)		8		NM			NM				(67	)		(135	)		(101	%)

Less: Net realized capital gains (losses), after-tax, excluded from core earnings (losses) [2]		6			1		(2	)		3			(1	)	NM			NM				15			—			(100	%)


Core earnings (losses)	$	(18	)	$	13	$	23		$	(167	)	$	9		NM			NM			$	(82	)	$	(135	)		(65	%)


[1]		The nine months ended September 30, 2010 included net asbestos reserve strengthening of $169. The three months ended September 30, 2010 included net environmental reserve strengthening of $62. The three months ended June 30, 2011 included net asbestos reserve strengthening of $290. The three months ended September 30, 2011 included net environmental reserve strengthening of $19.

[2]		See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

CONSOLIDATED
INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX


																Year Over
	Three Months Ended															Year			Sequential			Nine Months Ended
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			September 30,
	2010			2010			2011			2011			2011			Change			Change			2010			2011			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	739		$	736		$	719		$	744		$	711			(4	%)		(4	%)	$	2,236		$	2,174			(3	%)
Tax-exempt		128			125			127			126			125			(2	%)		(1	%)		392			378			(4	%)


Total fixed maturities		867			861			846			870			836			(4	%)		(4	%)		2,628			2,552			(3	%)
Equity securities, trading		1,043			131			803			(597	)		(1,890	)	NM			NM				(905	)		(1,684	)		(86	%)
Equity securities, available-for-sale		12			14			11			8			8			(33	%)		—			39			27			(31	%)
Mortgage loans		64			67			63			67			75			17	%		12	%		193			205			6	%
Policy loans		33			31			33			34			32			(3	%)		(6	%)		101			99			(2	%)
Limited partnerships and other alternative investments [2]		49			75			100			78			67			37	%		(14	%)		141			245			74	%
Other [3]		77			78			81			77			73			(5	%)		(5	%)		251			231			(8	%)

Subtotal		2,145			1,257			1,937			537			(799	)	NM			NM				2,448			1,675			(32	%)
Less: Investment expense		29			37			26			30			29			—			(3	%)		78			85			9	%


Total net investment income	$	2,116		$	1,220		$	1,911		$	507		$	(828	)	NM			NM			$	2,370		$	1,590			(33	%)
Less: Equity securities, trading		1,043			131			803			(597	)		(1,890	)	NM			NM				(905	)		(1,684	)		(86	%)


Total net investment income excluding trading securities	$	1,073		$	1,089		$	1,108		$	1,104		$	1,062			(1	%)		(4	%)	$	3,275		$	3,274			—


Annualized investment yield, before-tax [4]		4.4	%		4.5	%		4.6	%		4.6	%		4.3	%		(0.1	)		(0.3	)		4.5	%		4.5	%		—
Annualized investment yield, after-tax [4]		3.1	%		3.1	%		3.2	%		3.1	%		2.9	%		(0.2	)		(0.2	)		3.1	%		3.1	%		—

Net Realized Capital Gains (Losses)
Gross gains on sales	$	179		$	182		$	61		$	261		$	197			10	%		(25	%)	$	654		$	519			(21	%)
Gross losses on sales		(88	)		(229	)		(133	)		(98	)		(63	)		28	%		36	%		(293	)		(294	)		—
Net impairment losses		(115	)		(59	)		(55	)		(23	)		(60	)		48	%		(161	%)		(375	)		(138	)		63	%
Valuation allowances on mortgage loans		(4	)		2			(3	)		26			—			100	%		(100	%)		(156	)		23		NM
Japanese fixed annuity contract hedges, net [5]		11			5			(17	)		6			9			(18	%)		50	%		22			(2	)	NM
Periodic net coupon settlements on credit derivatives/Japan [6]		(4	)		(2	)		(7	)		(2	)		1		NM			NM				(15	)		(8	)		47	%
Results of variable annuity hedge program
GMWB derivatives, net		170			238			71			(37	)		(372	)	NM			NM				(127	)		(338	)		(166	%)
Macro hedge		(443	)		(352	)		(357	)		35			1,237		NM			NM				(210	)		915		NM

Total results of variable annuity hedge program		(273	)		(114	)		(286	)		(2	)		865		NM			NM				(337	)		577		NM
Other net gain (loss) [7]		37			126			37			(99	)		(374	)	NM			NM				(22	)		(436	)	NM


Total net realized capital gains (losses)	$	(257	)	$	(89	)	$	(403	)	$	69		$	575		NM			NM			$	(522	)	$	241		NM


[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.

[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, and consolidated variable interest entity non-controlling interests.

[5]		Relates to the Japanese fixed annuity product (adjustment of product liability for changes in spot currency exchange rates, related derivative hedging instruments, excluding periodic net coupon settlements, and Japan fair value option securities).

[6]		Included in core earnings.

[7]		Primarily consists of gains and losses on non-qualifying derivatives and fixed maturities, FVO, Japan 3Win related foreign currency swaps, and other investment gains and losses.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS


	September 30,					December 31,					March 31,					June 30,					September 30,
	2010					2010					2011					2011					2011
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent

Fixed maturities, available-for-sale, at fair value [1]	$	79,736		59.7	%	$	77,820		59.4	%	$	78,268		60.3	%	$	78,132		59.3	%	$	80,263		59.0	%
Fixed maturities, at fair value using fair value option		564		0.4	%		649		0.5	%		1,230		0.9	%		1,227		0.9	%		1,323		1.0	%
Equity securities, trading, at fair value [2]		32,495		24.3	%		32,820		25.1	%		32,339		24.9	%		32,278		24.4	%		30,770		22.6	%
Equity securities, available-for-sale, at fair value [3]		1,168		0.9	%		973		0.7	%		993		0.8	%		1,081		0.8	%		989		0.7	%
Mortgage loans [4]		4,684		3.5	%		4,489		3.4	%		4,736		3.7	%		5,304		4.0	%		5,590		4.1	%
Policy loans, at outstanding balance		2,180		1.6	%		2,181		1.7	%		2,181		1.7	%		2,188		1.7	%		2,176		1.6	%
Limited partnerships and other alternative investments [5]		1,819		1.4	%		1,918		1.5	%		1,972		1.5	%		2,028		1.5	%		2,506		1.8	%
Other investments [6]		1,427		1.1	%		1,617		1.2	%		640		0.5	%		973		0.7	%		2,857		2.1	%
Short-term investments [7]		9,517		7.1	%		8,528		6.5	%		7,330		5.7	%		8,861		6.7	%		9,704		7.1	%


Total investments	$	133,590		100.0	%	$	130,995		100.0	%	$	129,689		100.0	%	$	132,072		100.0	%	$	136,178		100.0	%
Less: Equity securities, trading		32,495		24.3	%		32,820		25.1	%		32,339		24.9	%		32,278		24.4	%		30,770		22.6	%


Total investments excluding trading securities	$	101,095		75.7	%	$	98,175		74.9	%	$	97,350		75.1	%	$	99,794		75.6	%	$	105,408		77.4	%


Asset-backed securities (“ABS”)	$	3,009		3.8	%	$	2,889		3.7	%	$	3,150		4.0	%	$	3,297		4.2	%	$	3,504		4.4	%
Collateralized debt obligations (“CDOs”)		2,563		3.2	%		2,611		3.4	%		2,674		3.4	%		2,575		3.3	%		2,465		3.1	%
Commercial mortgage-backed securities (“CMBS”)		8,160		10.2	%		7,917		10.2	%		7,709		9.8	%		7,277		9.3	%		6,960		8.7	%
Corporate		40,851		51.3	%		39,884		51.2	%		40,913		52.3	%		41,629		53.2	%		43,316		53.9	%
Foreign government/government agencies		1,924		2.4	%		1,683		2.2	%		1,802		2.3	%		1,864		2.4	%		1,944		2.4	%
Municipal — taxable		1,125		1.4	%		1,199		1.5	%		1,237		1.6	%		1,299		1.7	%		1,649		2.1	%
Municipal — tax-exempt		11,598		14.5	%		10,925		14.0	%		11,090		14.2	%		11,482		14.7	%		11,515		14.3	%
Residential mortgage-backed securities (“RMBS”)		5,551		7.0	%		5,683		7.3	%		5,014		6.4	%		5,214		6.7	%		5,336		6.6	%
U.S. Treasuries		4,955		6.2	%		5,029		6.5	%		4,679		6.0	%		3,495		4.5	%		3,574		4.5	%


Total fixed maturities, AFS [8]	$	79,736		100.0	%	$	77,820		100.0	%	$	78,268		100.0	%	$	78,132		100.0	%	$	80,263		100.0	%


U.S. government/government agencies	$	9,556		12.0	%	$	9,918		12.7	%	$	8,947		11.5	%	$	8,073		10.3	%	$	8,423		10.5	%
AAA		11,158		14.0	%		10,174		13.1	%		10,155		13.0	%		9,409		12.0	%		10,497		13.1	%
AA		15,591		19.6	%		15,554		20.0	%		15,518		19.8	%		15,900		20.4	%		15,921		19.8	%
A		19,922		25.0	%		19,460		25.0	%		19,723		25.2	%		20,470		26.2	%		21,584		26.9	%
BBB		20,022		25.0	%		19,153		24.6	%		20,212		25.8	%		20,568		26.3	%		20,626		25.7	%
BB & below		3,487		4.4	%		3,561		4.6	%		3,713		4.7	%		3,712		4.8	%		3,212		4.0	%


Total fixed maturities, AFS [8]	$	79,736		100.0	%	$	77,820		100.0	%	$	78,268		100.0	%	$	78,132		100.0	%	$	80,263		100.0	%


[1]		Includes $271, $277, $275, $25, and $1 in Corporate at September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, and September 30, 2011, respectively.

[2]		These assets support the Global Annuity-International variable annuity business. Changes in these balances are also reflected in the respective liabilities.

[3]		Includes $93, $97, $100, $100, and $96 in Corporate at September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, and September 30, 2011, respectively.

[4]		Includes $225, $202, $194, $138, and $128 in Corporate at September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, and September 30, 2011, respectively.

[5]		Includes real estate joint ventures and hedge fund investments outside of limited partnerships.

[6]		Primarily relates to derivative instruments. Additionally, includes $47, $48, $49, $27, and $27 in Corporate at September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, and September 30, 2011, respectively.

[7]		Includes $1,890, $1,780, $1,999, $2,274, and $2,293 in the Corporate segment at September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, and September 30, 2011, respectively.

[8]		Available-for-sale (“AFS”).

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
LIFE [1]


	September 30,					December 31,					March 31,					June 30,					September 30,
	2010					2010					2011					2011					2011
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent

Fixed maturities, available-for-sale, at fair value	$	54,253		53.0	%	$	52,429		52.1	%	$	52,781		53.3	%	$	52,834		52.3	%	$	54,329		51.9	%
Fixed maturities, at fair value using fair value option		554		0.5	%		639		0.6	%		1,217		1.2	%		1,214		1.2	%		1,314		1.3	%
Equity securities, trading, at fair value [2]		32,495		31.8	%		32,820		32.6	%		32,339		32.7	%		32,278		31.9	%		30,770		29.4	%
Equity securities, available-for-sale, at fair value		608		0.6	%		502		0.5	%		523		0.5	%		603		0.6	%		563		0.5	%
Mortgage loans		4,066		4.0	%		3,915		3.9	%		4,162		4.2	%		4,578		4.5	%		4,779		4.6	%
Policy loans, at outstanding balance		2,180		2.1	%		2,181		2.2	%		2,181		2.2	%		2,188		2.2	%		2,176		2.1	%
Limited partnerships and other alternative investments [3]		910		0.9	%		957		1.0	%		985		1.0	%		1,024		1.0	%		1,320		1.3	%
Other investments [4]		1,258		1.2	%		1,486		1.5	%		450		0.5	%		799		0.8	%		2,717		2.6	%
Short-term investments		6,061		5.9	%		5,631		5.6	%		4,398		4.4	%		5,565		5.5	%		6,619		6.3	%


Total investments	$	102,385		100.0	%	$	100,560		100.0	%	$	99,036		100.0	%	$	101,083		100.0	%	$	104,587		100.0	%
Less: Equity securities, trading		32,495		31.8	%		32,820		32.6	%		32,339		32.7	%		32,278		31.9	%		30,770		29.4	%


Total investments excluding trading securities	$	69,890		68.2	%	$	67,740		67.4	%	$	66,697		67.3	%	$	68,805		68.1	%	$	73,817		70.6	%


ABS	$	2,505		4.6	%	$	2,442		4.7	%	$	2,655		5.0	%	$	2,732		5.2	%	$	2,778		5.1	%
CDOs		2,043		3.8	%		2,087		4.0	%		2,144		4.1	%		2,047		3.9	%		1,949		3.6	%
CMBS		5,696		10.5	%		5,495		10.5	%		5,364		10.2	%		4,967		9.4	%		4,715		8.7	%
Corporate		30,861		56.9	%		30,204		57.6	%		31,218		59.0	%		31,595		59.7	%		33,007		60.7	%
Foreign government/government agencies		1,431		2.6	%		1,160		2.2	%		1,200		2.3	%		1,285		2.4	%		1,409		2.6	%
Municipal — taxable		999		1.8	%		1,068		2.0	%		1,110		2.1	%		1,167		2.2	%		1,508		2.8	%
Municipal — tax-exempt		2,526		4.7	%		2,267		4.3	%		2,304		4.4	%		2,417		4.6	%		2,500		4.6	%
RMBS		4,284		7.9	%		4,302		8.2	%		3,779		7.2	%		3,738		7.1	%		3,797		7.0	%
U.S. Treasuries		3,908		7.2	%		3,404		6.5	%		3,007		5.7	%		2,886		5.5	%		2,666		4.9	%


Total fixed maturities, AFS	$	54,253		100.0	%	$	52,429		100.0	%	$	52,781		100.0	%	$	52,834		100.0	%	$	54,329		100.0	%


U.S. government/government agencies	$	7,174		13.2	%	$	6,809		13.0	%	$	5,939		11.3	%	$	5,869		11.1	%	$	5,806		10.7	%
AAA		7,123		13.1	%		6,288		12.0	%		6,174		11.7	%		5,747		10.9	%		6,426		11.8	%
AA		8,225		15.2	%		8,304		15.8	%		8,208		15.6	%		8,152		15.4	%		8,498		15.6	%
A		14,217		26.2	%		14,177		27.1	%		14,551		27.5	%		14,873		28.2	%		15,798		29.1	%
BBB		14,609		26.9	%		13,915		26.5	%		14,854		28.1	%		15,218		28.8	%		15,165		27.9	%
BB & below		2,905		5.4	%		2,936		5.6	%		3,055		5.8	%		2,975		5.6	%		2,636		4.9	%


Total fixed maturities, AFS	$	54,253		100.0	%	$	52,429		100.0	%	$	52,781		100.0	%	$	52,834		100.0	%	$	54,329		100.0	%


[1]		Please refer to the basis of presentation for a description of the statutory legal entity view for Life.

[2]		These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.

[3]		Includes a real estate joint venture.

[4]		Primarily relates to derivative instruments.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
PROPERTY & CASUALTY [1]


	September 30,					December 31,					March 31,					June 30,					September 30,
	2010					2010					2011					2011					2011
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent

Fixed maturities, available-for-sale, at fair value	$	25,212		87.9	%	$	25,114		89.7	%	$	25,212		90.0	%	$	25,273		88.9	%	$	25,933		89.3	%
Fixed maturities, at fair value using fair value option		10		—			10		—			13		—			13		0.1	%		9		—
Equity securities, available-for-sale, at fair value		467		1.6	%		374		1.3	%		370		1.3	%		378		1.3	%		330		1.1	%
Mortgage loans		393		1.4	%		372		1.3	%		380		1.4	%		588		2.1	%		683		2.4	%
Limited partnerships and other alternative investments [2]		909		3.2	%		961		3.4	%		987		3.5	%		1,004		3.5	%		1,186		4.1	%
Other investments [3]		122		0.4	%		83		0.3	%		141		0.5	%		147		0.5	%		113		0.4	%
Short-term investments		1,566		5.5	%		1,117		4.0	%		933		3.3	%		1,022		3.6	%		792		2.7	%


Total investments	$	28,679		100.0	%	$	28,031		100.0	%	$	28,036		100.0	%	$	28,425		100.0	%	$	29,046		100.0	%


ABS	$	504		2.0	%	$	447		1.8	%	$	495		2.0	%	$	565		2.2	%	$	726		2.8	%
CDOs		520		2.1	%		524		2.1	%		530		2.1	%		528		2.1	%		516		2.0	%
CMBS		2,464		9.8	%		2,422		9.6	%		2,345		9.3	%		2,310		9.1	%		2,245		8.7	%
Corporate		9,990		39.5	%		9,680		38.5	%		9,695		38.5	%		10,034		39.7	%		10,309		39.7	%
Foreign government/government agencies		493		2.0	%		523		2.1	%		602		2.4	%		579		2.3	%		535		2.1	%
Municipal — taxable		126		0.5	%		131		0.5	%		127		0.5	%		132		0.5	%		141		0.5	%
Municipal — tax-exempt		9,068		36.0	%		8,654		34.5	%		8,783		34.8	%		9,061		35.9	%		9,015		34.8	%
RMBS		1,253		5.0	%		1,360		5.4	%		1,215		4.8	%		1,456		5.8	%		1,538		5.9	%
U.S. Treasuries		794		3.1	%		1,373		5.5	%		1,420		5.6	%		608		2.4	%		908		3.5	%


Total fixed maturities, AFS	$	25,212		100.0	%	$	25,114		100.0	%	$	25,212		100.0	%	$	25,273		100.0	%	$	25,933		100.0	%


U.S. government/government agencies	$	2,116		8.4	%	$	2,837		11.3	%	$	2,737		10.9	%	$	2,183		8.6	%	$	2,617		10.1	%
AAA		4,035		16.0	%		3,886		15.5	%		3,981		15.8	%		3,662		14.5	%		4,071		15.7	%
AA		7,364		29.2	%		7,248		28.8	%		7,308		28.9	%		7,745		30.7	%		7,423		28.6	%
A		5,702		22.6	%		5,280		21.0	%		5,170		20.5	%		5,596		22.1	%		5,785		22.3	%
BBB		5,413		21.5	%		5,238		20.9	%		5,358		21.3	%		5,350		21.2	%		5,461		21.1	%
BB & below		582		2.3	%		625		2.5	%		658		2.6	%		737		2.9	%		576		2.2	%


Total fixed maturities, AFS	$	25,212		100.0	%	$	25,114		100.0	%	$	25,212		100.0	%	$	25,273		100.0	%	$	25,933		100.0	%


[1]		Please refer to the basis of presentation for a description of the statutory legal entity view for Property & Casualty.

[2]		Includes a real estate joint venture and hedge fund investments outside of limited partnerships.

[3]		Primarily relates to derivative instruments.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
GROSS UNREALIZED LOSS AGING
AVAILABLE-FOR-SALE SECURITIES


	September 30, 2011							December 31, 2010
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss [1] [2]			Cost		Value		Loss [1] [2]
Total AFS Securities

Three months or less	$	6,170	$	6,013	$	(157	)	$	17,431	$	16,783	$	(643	)
Greater than three months to six months		1,371		1,241		(130	)		732		690		(42	)
Greater than six months to nine months		267		250		(17	)		438		397		(41	)
Greater than nine months to eleven months		857		778		(70	)		185		169		(16	)
Twelve months or more		12,430		10,008		(2,348	)		15,599		12,811		(2,754	)

Total	$	21,095	$	18,290	$	(2,722	)	$	34,385	$	30,850	$	(3,496	)


[1]		As of September 30, 2011, fixed maturities, AFS, represented $2,526, or 93%, of the Company’s total unrealized loss on AFS 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 September 30, 2011 and December 31, 2010.

[2]		Unrealized losses exclude the change in fair value of bifurcated embedded derivative features of certain securities. Subsequent changes in fair value are recorded in net realized capital gains (losses).

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF SEPTEMBER 30, 2011


	Cost or				Percent of Total
	Amortized Cost		Fair Value		Invested Assets [1]
Top Ten Corporate and Equity, AFS, Exposures by Sector
Utilities	$	8,381	$	9,134		8.6	%
Financial services		8,262		7,897		7.5	%
Consumer non-cyclical		6,053		6,723		6.4	%
Technology and communications		4,291		4,633		4.4	%
Basic industry		3,812		4,079		3.9	%
Energy		3,624		3,992		3.8	%
Capital goods		3,319		3,632		3.4	%
Consumer cyclical		2,136		2,303		2.2	%
Transportation		1,103		1,204		1.1	%
Other		771		708		0.7	%


Total	$	41,752	$	44,305		42.0	%


Top Ten Exposures by Issuer [2]
Government of United Kingdom	$	468	$	478		0.4	%
AT&T Inc.		355		403		0.4	%
National Grid PLC		332		383		0.3	%
State of Califorina		307		324		0.3	%
Verizon Communications Inc.		264		307		0.3	%
State of Massachusetts		273		300		0.3	%
Wells Fargo & Co.		321		299		0.3	%
General Electric Co.		331		291		0.3	%
Pfizer Inc		242		282		0.3	%
JPMorgan Chase & Co.		302		270		0.3	%


Total	$	3,195	$	3,337		3.2	%


[1]		Excludes equity securities, trading.

[2]		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.

HARTFORD FINANCIAL SERVICES GROUP, INC. - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - November 2, 2011

Attached files

HARTFORD FINANCIAL SERVICES GROUP, INC. Reports