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

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8-K - FORM 8-K - HARTFORD FINANCIAL SERVICES GROUP, INC.	d344196d8k.htm
EX-99.1 - EX-99.1 - HARTFORD FINANCIAL SERVICES GROUP, INC.	d344196dex991.htm

Exhibit 99.2

LOGO

INVESTOR FINANCIAL SUPPLEMENT

March 31, 2012

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 April 26, 2012


	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-	BBB+	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. is referred to herein as “The Hartford” or “the Company.”

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

COMMERCIAL MARKETS
Income Statements			11
Property & Casualty Commercial
Operating Results			12
Underwriting Results			13
Supplemental Data			14
Group Benefits
Income Statements			15
Supplemental Data			16

CONSUMER MARKETS
Income Statements			17
Operating Results			18
Underwriting Results			19
Written and Earned Premiums			20

WEALTH MANAGEMENT
Operating Results			21
Financial Highlights Excluding Impact of Unlock			22
Deferred Policy Acquisition Costs and Present Value of Future Profits			23
Annuity Death and Income Benefits			24
Individual Annuity
Income Statements			25
Account Value Rollforward			26
Individual Life
Income Statements			27
Supplemental Data			28
Account Value Rollforward			29
Retirement Plans
Income Statements			30
Supplemental Data
Assets Under Management			31
Account Value and Asset Rollforward			32
Mutual Funds
Income Statements			33
Supplemental Data
Deposits and Assets Under Management			34
Asset Rollforward			35

RUNOFF OPERATIONS
Financial Highlights			36
Supplemental Data
Life Other Operations — Account Value Data			37
Life Other Operations — DAC Rollforward			38
International Annuity Death and Income Benefits			39

CORPORATE
Income Statements			40

INVESTMENTS
Investment Earnings Before-tax
Consolidated			41
Life			42
Property & Casualty			43
Composition of Invested Assets
Consolidated			44
Life			45
Property & Casualty			46
Unrealized Loss Aging			47
Invested Asset Exposures			48
As of December 31, 2011

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.

•

On March 21, 2012, the Company announced the completion of an evaluation of its businesses and strategy. As a result of this review, which was conducted by the Company’s management and Board of Directors over the past several quarters, the Company announced that it will focus on its Property and Casualty, Group Benefits and Mutual Fund businesses, place its Individual Annuity business into runoff and pursue sales or other strategic alternatives for the Individual Life, Woodbury Financial Services and Retirement Plans businesses. Starting in the second quarter of 2012, financial results for the Individual Annuity segment, which consists of U.S. variable, fixed and fixed indexed annuities, will be reported in the Life Other Operations segment. The Company is organized into four divisions: Commercial Markets, Consumer Markets, Wealth Management and Runoff Operations and currently conducts business principally in nine reporting segments, as well as the Corporate category

•

The Commercial Markets division consists of the reporting segments of Property & Casualty Commercial and Group Benefits. Property & Casualty Commercial provides workers’ compensation, property, automobile, marine, livestock, 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, and specialty casualty coverages. 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 Individual Annuity, Individual Life, Retirement Plans and Mutual Funds. Individual Annuity offers individual variable, fixed market value adjusted, fixed index and single premium immediate annuities in the U.S. Individual Life sells a variety of life insurance products, including variable universal life, universal life, and term life. Retirement Plans provides products and services to corporations pursuant to Section 401(k)of the Internal Revenue Code of 1986, as amended (the “Code”) and products and services to municipalities and not-for-profit organizations under Sections 457 and 403(b) of the Code, collectively referred to as government plans. Mutual Funds offers retail mutual funds, investment-only mutual funds and college savings plans under Section 529 of the Code (collectively referred to as non-proprietary) and proprietary mutual funds supporting insurance products issued by The Hartford.

•

The Runoff Operations division includes the reporting segments of Life Other Operations and Property & Casualty Other Operations. Life Other Operations includes International Annuity, Institutional Annuity, and Private Placement Life Insurance, previously reported in Wealth Management. Property & Casualty Other Operations was previously reported in Corporate and Other.

•

The Hartford includes in Corporate the Company’s debt financing and related interest expense, as well as other capital raising activities; banking operations; certain fee inome and commissions expenses associated with sales of non-proprietary products by broker-dealer subsidiaries; 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, Life Other Operations, Group Benefits and an Other category. Property & Casualty consists of the of Property & Casualty Commercial, Property & Casualty 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”) include account values and mutual funds assets. 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 account value whether caused by changes in capital markets or through net flows.

•

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, discontinued operations and loss on extinguishment of debt. 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 12 and 18, 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 12 and 18, 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,excluding discontinued operations and the impact of the DAC unlock, 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,excluding discontinued operations and the impact of the DAC unlock, 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,the effect of including discontinued operations and the effect of including the DAC unlock. 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 ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings,excluding discontinued operations, and the impact of the DAC unlock 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,excluding discontinued operations, and the impact of the DAC unlock 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,excluding discontinued operations, and excluding the impact of the DAC unlock and ROA when reviewing the Company’s performance.

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.

•

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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
HIGHLIGHTS
Net income	$	501		$	33		$	60		$	118		$	96			(81	%)		(19	%)
Core earnings	$	574		$	14		$	50		$	339		$	612			7	%		81	%
Total revenues [1]	$	6,300		$	5,401		$	4,520		$	5,638		$	7,661			22	%		36	%
Total assets	$	320,987		$	315,957		$	304,188		$	302,609		$	310,548			(3	%)		3	%

PER SHARE AND SHARES DATA [2]
Basic earnings per common share
Net income available to common shareholders	$	1.10		$	0.05		$	0.11		$	0.24		$	0.20			(82	%)		(17	%)
Core earnings available to common shareholders	$	1.27		$	0.01		$	0.09		$	0.74		$	1.37			8	%		85	%
Diluted earnings per common share
Net income available to common shareholders	$	0.99		$	0.05		$	0.11		$	0.23		$	0.18			(82	%)		(22	%)
Core earnings available to common shareholders	$	1.13		$	0.01		$	0.08		$	0.69		$	1.25			11	%		81	%
Weighted average common shares outstanding (basic)		444.6			445.1			445.3			445.1			440.7			(3.9	) sh		(4.4	) sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		508.2			482.4			473.4			489.6			489.9			(18.3	) sh		0.3	sh
Common shares outstanding		445.1			445.3			445.5			442.5			440.9			(4.2	) sh		(1.6	) sh
Book value per common share	$	42.44		$	44.02		$	46.70		$	47.30		$	46.99			11	%		(1	)%
Per common share impact of AOCI	$	(1.66	)	$	(0.06	)	$	2.59		$	2.83		$	3.01			NM			6	%
Book value per common share (excluding AOCI)	$	44.10		$	44.08		$	44.11		$	44.47		$	43.98			—			(1	)%

Book value per diluted share	$	38.50		$	40.09		$	43.81		$	44.31		$	43.25			12	%		(1	)%
Per diluted share impact of AOCI	$	(1.46	)	$	(0.05	)	$	2.37		$	2.58		$	2.70			NM			5	%
Book value per diluted share (excluding AOCI)	$	39.96		$	40.14		$	41.44		$	41.73		$	40.55			1	%		(3	%)
Common shares outstanding and dilutive potential common shares		505.1			502.8			487.6			484.9			491.9			(13.2	) sh		7.0	sh

FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [3]		10.3	%		9.8	%		5.9	%		3.5	%		1.5	%		(8.8	)		(2.0	)
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [3]		10.3	%		9.6	%		6.0	%		4.9	%		5.1	%		(5.2	)		0.2
Debt to capitalization, including AOCI		25.4	%		24.7	%		23.6	%		22.4	%		22.6	%		(2.8	)		0.2
Annualized investment yield, after-tax		3.2	%		3.1	%		2.9	%		2.8	%		3.0	%		(0.2	)		0.2

[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 for the three months ended March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, 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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Property & Casualty Commercial	$	177		$	96		$	87		$	29		$	162			(8	%)		NM
Group Benefits		19			30			20			17			5			(74	%)		(71	%)

Commercial Markets core earnings		196			126			107			46			167			(15	%)		NM

Consumer Markets core earnings (losses)		111			(177	)		(10	)		85			102			(8	%)		20	%

Individual Annuity		151			150			(73	)		161			184			22	%		14	%

Individual Life		36			41			(20	)		36			26			(28	%)		(28	%)

Retirement Plans		11			11			(20	)		—			12			9	%		NM

Mutual Funds		27			27			24			20			20			(26	%)		—

Wealth Management core earnings (losses)		225			229			(89	)		217			242			8	%		12	%

ONGOING OPERATIONS		532			178			8			348			511			(4	%)		47	%

Life Other Operations		98			86			116			45			189			93	%		NM
P&C Other Operations		23			(167	)		9			16			20			(13	%)		25	%

Runoff Operations core earnings (losses)		121			(81	)		125			61			209			73	%		NM

Corporate core losses		(79	)		(83	)		(83	)		(70	)		(108	)		(37	%)		(54	%)

CONSOLIDATED
Core earnings		574			14			50			339			612			7	%		81	%
Add: Income (loss) from discontinued operations		162			(80	)		3			1			(1	)		NM			NM
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [1]		(235	)		99			7			(222	)		(515	)		(119	%)		(132	%)

Net income	$	501		$	33		$	60		$	118		$	96			(81	%)		(19	%)

PER SHARE DATA [2]
Diluted earnings per common share
Core earnings available to common shareholders	$	1.13		$	0.01		$	0.08		$	0.69		$	1.25			11	%		81	%
Net income available to common shareholders	$	0.99		$	0.05		$	0.11		$	0.23		$	0.18			(82	%)		(22	%)

DAC UNLOCK IMPACT ON CORE EARNINGS BY SEGMENT

Individual Annuity	$	43		$	(4	)	$	(163	)	$	69		$	88			105	%		28	%

Individual Life		(2	)		(1	)		(57	)		2			(8	)		NM			NM

Retirement Plans		2			(2	)		(24	)		(1	)		8			NM			NM

Life Other Operations		13			(10	)		37			(25	)		104			NM			NM

DAC unlock impact on core earnings		56			(17	)		(207	)		45			192			NM			NM
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		1			(49	)		(262	)		(40	)		22			NM			NM

DAC unlock impact on net income (loss)	$	57		$	(66	)	$	(469	)	$	5		$	214			NM			NM

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

[2]	See page 8 for the reconciliation of net income per common share to core earnings per common share.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Earned premiums	$	3,519		$	3,545		$	3,518		$	3,506		$	3,442			(2	%)		(2	%)
Fee income		1,209			1,219			1,192			1,130			1,134			(6	%)		—
Net investment income (loss):
Securities available-for-sale and other		1,108			1,104			1,062			998			1,070			(3	%)		7	%
Equity securities, trading [1]		803			(597	)		(1,890	)		325			2,866			NM			NM

Total net investment income (loss)		1,911			507			(828	)		1,323			3,936			106	%		198	%
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(119	)		(31	)		(71	)		(42	)		(36	)		70	%		14	%
OTTI losses recognized in other comprehensive income		64			8			11			6			7			(89	%)		17	%

Net OTTI losses recognized in earnings		(55	)		(23	)		(60	)		(36	)		(29	)		47	%		19	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(348	)		92			635			(350	)		(881	)		(153	%)		(152	%)

Total net realized capital gains (losses)		(403	)		69			575			(386	)		(910	)		(126	%)		(136	%)
Other revenues		64			61			63			65			59			(8	%)		(9	%)

Total revenues		6,300			5,401			4,520			5,638			7,661			22	%		36	%

Benefits, losses and loss adjustment expenses		3,178			3,976			4,006			3,465			3,038			(4	%)		(12	%)
Benefits, losses and loss adjustment expenses—returns credited on international variable annuities [1]		803			(597	)		(1,889	)		324			2,864			NM			NM
Amortization of deferred policy acquisition costs and present value of future profits		450			592			1,005			397			321			(29	%)		(19	%)
Insurance operating costs and other expenses		1,354			1,452			1,287			1,217			1,312			(3	%)		8	%
Interest expense		128			128			128			124			124			(3	%)		—
Goodwill impairment		—			—			—			30			—			—			(100	%)

Total benefits and expenses		5,913			5,551			4,537			5,557			7,659			30	%		38	%

Income (loss) from continuing operations before income taxes		387			(150	)		(17	)		81			2			(99	%)		(98	%)

Income tax expense (benefit)		48			(263	)		(74	)		(36	)		(95	)		NM			(164	%)

Income from continuing operations, net of tax		339			113			57			117			97			(71	%)		(17	%)

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

Net income		501			33			60			118			96			(81	%)		(19	%)

Less: Income (loss) from discontinued operations, net of tax		162			(80	)		3			1			(1	)		NM			NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(235	)		99			7			(222	)		(515	)		(119	%)		(132	%)

Core earnings	$	574		$	14		$	50		$	339		$	612			7	%		81	%

[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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

AS OF DECEMBER 31, 2011 AND MARCH 31, 2012


	LIFE [1]							PROPERTY & CASUALTY [1]							CORPORATE [1]									CONSOLIDATED
	Dec. 31,		Mar. 31,					Dec. 31,		Mar. 31,					Dec. 31,			Mar. 31,						Dec. 31,		Mar. 31,
	2011		2012		Change			2011		2012		Change			2011			2012			Change			2011		2012		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	55,633	$	56,923		2	%	$	26,023	$	26,085		—		$	153		$	149			(3	%)	$	81,809	$	83,157		2	%
Fixed maturities, at fair value using the fair value option		1,317		1,279		(3	%)		11		12		9	%		—			—			—			1,328		1,291		(3	%)
Equity securities, trading, at fair value		30,499		30,722		1	%		—		—		—			—			—			—			30,499		30,722		1	%
Equity securities, available-for-sale, at fair value		515		506		(2	%)		302		322		7	%		104			110			6	%		921		938		2	%
Mortgage loans		4,979		5,380		8	%		749		895		19	%		—			—			—			5,728		6,275		10	%
Policy loans, at outstanding balance		2,001		1,970		(2	%)		—		—		—			—			—			—			2,001		1,970		(2	%)
Limited partnerships and other alternative investments		1,318		1,436		9	%		1,214		1,296		7	%		—			—			—			2,532		2,732		8	%
Other investments		2,244		1,103		(51	%)		121		130		7	%		29			26			(10	%)		2,394		1,259		(47	%)
Short-term investments		5,641		3,384		(40	%)		658		526		(20	%)		1,437			1,346			(6	%)		7,736		5,256		(32	%)

Total investments		104,147		102,703		(1	%)		29,078		29,266		1	%		1,723			1,631			(5	%)		134,948		133,600		(1	%)
Cash		2,377		1,844		(22	%)		203		214		5	%		1			1			—			2,581		2,059		(20	%)
Premiums receivable and agents’ balances		344		317		(8	%)		3,102		3,248		5	%		—			—			—			3,446		3,565		3	%
Reinsurance recoverables		2,022		1,828		(10	%)		2,746		2,731		(1	%)		—			—			—			4,768		4,559		(4	%)
Deferred policy acquisition costs and present value of future profits		6,000		6,017		—			556		560		1	%		—			—			—			6,556		6,577		—
Deferred income taxes		174		594		NM			800		691		(14	%)		1,157			1,090			(6	%)		2,131		2,375		11	%
Goodwill		470		470		—			119		119		—			417			417			—			1,006		1,006		—
Property and equipment, net		388		380		(2	%)		632		628		(1	%)		9			9			—			1,029		1,017		(1	%)
Other assets		1,070		2,129		99	%		1,205		1,093		(9	%)		(1	)		166			NM			2,274		3,388		49	%
Separate account assets		143,870		152,402		6	%		—		—		—			—			—			—			143,870		152,402		6	%

Total assets	$	260,862	$	268,684		3	%	$	38,441	$	38,550		—		$	3,306		$	3,314			—		$	302,609	$	310,548		3	%

Future policy benefits, unpaid losses and loss adjustment expenses		19,466		19,108		(2	%)		21,550		21,424		(1	%)		—			—			—		$	41,016	$	40,532		(1	%)
Other policyholder funds and benefits payable		45,612		44,080		(3	%)		—		—		—			—			—			—			45,612		44,080		(3	%)
Other policyholder funds and benefits payable— International variable annuities		30,461		30,677		1	%		—		—		—			—			—			—			30,461		30,677		1	%
Unearned premiums		182		180		(1	%)		5,041		5,146		2	%		(1	)		(1	)		—			5,222		5,325		2	%
Debt		—		—		—			—		—		—			6,216			6,220			—			6,216		6,220		—
Consumer notes		314		310		(1	%)		—		—		—			—			—			—			314		310		(1	%)
Other liabilities		5,152		6,322		23	%		1,831		1,607		(12	%)		1,429			1,799			26	%		8,412		9,728		16	%
Separate account liabilities		143,870		152,402		6	%		—		—		—			—			—			—			143,870		152,402		6	%

Total liabilities		245,057		253,079		3	%		28,422		28,177		(1	%)		7,644			8,018			5	%		281,123		289,274		3	%

Common equity, excluding AOCI		13,943		13,844		(1	%)		9,393		9,605		2	%		(3,657	)		(4,059	)		(11	%)		19,679		19,390		(1	%)
Preferred stock		—		—		—			—		—		—			556			556			—			556		556		—
AOCI, net of tax		1,862		1,761		(5	%)		626		768		23	%		(1,237	)		(1,201	)		3	%		1,251		1,328		6	%

Total stockholders’ equity		15,805		15,605		(1	%)		10,019		10,373		4	%		(4,338	)		(4,704	)		(8	%)		21,486		21,274		(1	%)
Total liabilities and equity	$	260,862	$	268,684		3	%	$	38,441	$	38,550		—		$	3,306		$	3,314			—		$	302,609	$	310,548		3	%

[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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt)	$	400		$	400		$	400		$	—		$	—			(100	%)		—
Senior notes		4,480			4,480			4,480			4,481			4,481			—			—
Junior subordinated debentures		1,730			1,734			1,737			1,735			1,739			1	%		—

Total debt [1]	$	6,610		$	6,614		$	6,617		$	6,216		$	6,220			(6	%)		—

STOCKHOLDERS’ EQUITY
Common stockholders’ equity, excluding AOCI, net of tax	$	19,629		$	19,627		$	19,651		$	19,679		$	19,390			(1	%)		(1	%)
Preferred stock		556			556			556			556			556			—			—
AOCI, net of tax		(738	)		(25	)		1,155			1,251			1,328			NM			6	%

Total stockholders’ equity	$	19,447		$	20,158		$	21,362		$	21,486		$	21,274			9	%		(1	%)

CAPITALIZATION
Total capitalization, including AOCI, net of tax	$	26,057		$	26,772		$	27,979		$	27,702		$	27,494			6	%		(1	%)

Total capitalization, excluding AOCI, net of tax	$	26,795		$	26,797		$	26,824		$	26,451		$	26,166			(2	%)		(1	%)

DEBT TO CAPITALIZATION RATIOS [1]
Total debt to capitalization, including AOCI		25.4	%		24.7	%		23.6	%		22.4	%		22.6	%		(2.8	)		0.2

Total debt to capitalization, excluding AOCI		24.7	%		24.7	%		24.7	%		23.5	%		23.8	%		(0.9	)		0.3

Total rating agency adjusted debt to capitalization [2] [3]		29.5	%		28.6	%		27.4	%		26.5	%		26.5	%		(3.0	)		—

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $382, $368, $349, $314 and $310 as of March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, 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 $1.6 billion, $1.5 billion, $1.5 billion, $1.6 billion and $1.5 billion for the three months ended March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively.

[3]	Reflects 25% equity credit for the junior subordinated debentures and the discount value of the debentures issued in October 2008. Reflects 100% equity credit for the MCP stock.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION


	March 31, 2012			December 31, 2011
P&C U.S. Statutory Net Income [1]	$	402		$	514

Life U.S. Statutory Net Income (Loss) [1]	$	1,260		$	(1,272	)

P&C U.S. Statutory Capital and Surplus [1]	$	7,716		$	7,412
GAAP Adjustments
Deferred policy acquisition costs		560			556
Benefit reserves		(57	)		(59	)
GAAP unrealized losses on investments, net of tax		778			641
Goodwill		119			119
Non-admitted assets		968			1,081
Other, net		289			269

P&C GAAP Stockholders’ Equity	$	10,373		$	10,019

Life U.S. Statutory Capital and Surplus [1]	$	7,451		$	7,388
GAAP Adjustments
Investment in subsidiaries		3,188			3,748
Deferred policy acquisition costs		6,017			6,000
Deferred taxes		(1,111	)		(1,542	)
Benefit reserves		(2,974	)		(2,991	)
Unrealized losses on investments, net of impairments		2,165			2,472
Asset valuation reserve and interest maintenance reserve		918			816
Goodwill		470			470
Other, net		(519	)		(556	)

Life GAAP Stockholders’ Equity	$	15,605		$	15,805

[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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Fixed maturities net unrealized gain (loss)	$	(262	)	$	324		$	1,313		$	1,599		$	1,793			NM			12	%
Equities net unrealized gain (loss)		28			7			(68	)		(88	)		(41	)		NM			53	%
Other-than-temporary impairment losses recognized in AOCI		(103	)		(107	)		(97	)		(99	)		(107	)		(4	%)		(8	%)
Net deferred gain on cash-flow hedging instruments		317			388			542			516			463			46	%		(10	%)

Total net unrealized gain (loss)		(20	)		612			1,690			1,928			2,108			NM			9	%
Foreign currency translation adjustments		438			493			571			574			438			—			(24	%)
Pension and other postretirement adjustment		(1,156	)		(1,130	)		(1,106	)		(1,251	)		(1,218	)		(5	%)		3	%

Total accumulated other comprehensive income (loss)	$	(738	)	$	(25	)	$	1,155		$	1,251		$	1,328			NM			6	%

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSSES) PER COMMON SHARE


	THREE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,		Dec. 31,			Mar. 31,
	2011			2011			2011		2011			2012
Numerator:
Net income	$	501		$	33		$	60	$	118		$	96
Less: MCP dividends		10			11			10		11			10

Net income available to common shareholders		491			22			50		107			86
Add: Impact of assumed conversion of preferred shares to common [4]		10			—			—		—			—

Net income available to common shareholders and assumed conversion of preferred shares		501			22			50		107			86

Net income available to common shareholders		491			22			50		107			86
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [1]		(235	)		99			7		(222	)		(515	)
Less: Income (loss) from discontinued operations		162			(80	)		3		1			(1	)

Core earnings available to common shareholders		564			3			40		328			602
Add: Impact of assumed conversion of preferred shares to common [4]		10			—			—		11			10

Core earnings available to common shareholders and assumed conversion of preferred shares	$	574		$	3		$	40	$	339		$	612

Denominator
Weighted average common shares outstanding (basic)		444.6			445.1			445.3		445.1			440.7
Dilutive effect of stock compensation		1.8			1.0			0.7		0.7			1.9
Dilutive effect of CPP Warrants [2]		34.0			32.9			27.4		23.1			26.4
Dilutive effect of Allianz warrants [3]		7.1			3.4			—		—			—

Weighted average common shares outstanding and dilutive potential common shares (diluted), before assumed conversion of preferred shares		487.5			482.4			473.4		468.9			469.0
Dilutive effect of assumed conversion of MCP [4]		20.7			—			—		20.7			20.9

Weighted average common shares outstanding and dilutive potential common shares (diluted) and assumed conversion of preferred shares		508.2			482.4			473.4		489.6			489.9

Basic earnings per common share
Net income available to common shareholders		$1.10			$0.05			$0.11		$0.24			$0.20
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(0.53	)		0.22			0.02		(0.50	)		(1.17	)
Less: Income (loss) from discontinued operations		0.36			(0.18	)		—		—			—

Core earnings available to common shareholders	$	1.27		$	0.01		$	0.09	$	0.74		$	1.37

Diluted earnings per common share [5]
Net income available to common shareholders	$	1.01		$	0.05		$	0.11	$	0.23		$	0.18
Add: Impact of assumed conversion of preferred shares to common [4]		(0.02	)		—			—		—			—

Net income available to common shareholders and assumed conversion of preferred shares	$	0.99		$	0.05		$	0.11	$	0.23		$	0.18

Net income available to common shareholders	$	1.01		$	0.05		$	0.11	$	0.23		$	0.18
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(0.46	)		0.20			0.02		(0.47	)		(1.10	)
Less: Income (loss) from discontinued operations		0.31			(0.16	)		0.01		—			—

Core earnings available to common shareholders		1.16			0.01			0.08		0.70			1.28
Add: Impact of assumed conversion of preferred shares to common [4]		(0.03	)		—			—		(0.01	)		(0.03	)

Core earnings available to common shareholders and assumed conversion of preferred shares	$	1.13			0.01			0.08		0.69			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 $9.676 from $9.699.

[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. On April 17, 2012, The Hartford repurchased 69.4 million warrants for $300 million as part of the Company’s existing $500 million equity repurchase program.

[4]

The Hartford issued $575 of mandatory convertible preferred stock which, at June 30, 2011 and September 30, 2011, would have been convertible into 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. Additionally, at December 31, 2011 and March 31, 2012, the shares were not included in net income available to common shareholders and assumed conversion of preferred shares. At December 31, 2011 and March 31, 2012, the mandatory convertible preferred stock would have been converitible into 20.7 million and 20.9 million weighted average shares of common stock, respectively.

[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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Net Realized Capital Gains (Losses), After-Tax and DAC

Gains/losses on sales, net	$	(48	)	$	174		$	52		$	69		$	112			NM			62	%
Net impairment gains (losses)		(30	)		(14	)		(34	)		(34	)		(16	)		47	%		53	%
Japanese fixed annuity contract hedges, net		(11	)		4			5			4			(13	)		(18	%)		NM
Results of variable annuity hedge program																	—			—
U.S. GMWB derivatives, net		22			(19	)		(167	)		(74	)		78			NM			NM
U.S. macro hedge		(28	)		(11	)		24			(29	)		(76	)		(171	%)		(162	%)

Total U.S. Program		(6	)		(30	)		(143	)		(103	)		2			NM			NM
International program		(152	)		67			621			(98	)		(760	)		NM			NM

Total results of variable annuity hedge program		(158	)		37			478			(201	)		(758	)		NM			NM
Other net gain (loss) [1]		11			(52	)		(228	)		(17	)		137			NM			NM

Total net realized capital gains (losses), after-tax and DAC, excluding unlock	$	(236	)	$	149		$	273		$	(179	)	$	(538	)		(128	%)		NM

DAC unlock impacts on net realized gains (losses)		1			(49	)		(262	)		(40	)		22			NM			NM

Total net realized captial gains (losses), after-tax and DAC		(235	)		100			11			(219	)		(516	)		(120	%)		(136	%)

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	$	(235	)	$	100		$	11		$	(219	)	$	(516	)		(120	%)		(136	%)
Less: total net realized capital gains (losses) included in core earnings (losses)		—			1			4			3			(1	)		NM			NM

Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(235	)	$	99		$	7		$	(222	)	$	(515	)		(119	%)		(132	%)

[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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,
	2011			2011			2011			2011			2012
Numerator [1]:
Net income available to common shareholders — last 12 months	$	1,836		$	1,774		$	1,208		$	712		$	307
Core earnings available to common shareholders — last 12 months	$	2,001		$	1,802		$	1,173		$	977		$	1,015

Denominator [2]:
Average common stockholders’ equity, including AOCI		17,827.5			18,079.0			20,387.0			20,120.0			20,360.5
Less: Average AOCI		(1,602.7	)		(720.6	)		708.2			130.5			295.0

Average common stockholders’ equity, excluding AOCI		19,430.2			18,799.6			19,678.8			19,989.5			20,065.5

ROE (net income last 12 months to common stockholders’ equity, including AOCI) [3]		10.3	%		9.8	%		5.9	%		3.5	%		1.5	%
ROE (core earnings last 12 months to common stockholders’ equity, excluding AOCI) [3]		10.3	%		9.6	%		6.0	%		4.9	%		5.1	%

[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.

COMMERCIAL MARKETS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Earned premiums	$	2,526		$	2,579		$	2,553		$	2,554		$	2,514			—			(2	%)
Fee income		16			14			16			16			15			(6	%)		(6	%)
Net investment income		346			345			319			311			334			(3	%)		7	%
Other revenues		23			26			28			20			22			(4	%)		10	%
Net realized capital gains (losses)		(37	)		23			(45	)		6			63			NM			NM

Total revenues		2,874			2,987			2,871			2,907			2,948			3	%		1	%

Losses and loss adjustment expenses		1,830			1,997			1,983			2,080			1,886			3	%		(9	%)
Amortization of deferred policy acquisition costs		237			239			238			238			239			1	%		—
Insurance operating costs and other expenses		592			580			567			522			549			(7	%)		5	%
Goodwill impairment		—			—			—			30			—			—			(100	%)

Total benefits and expenses		2,659			2,816			2,788			2,870			2,674			1	%		(7	%)

Income from continuing operations before income taxes		215			171			83			37			274			27	%		NM

Income tax expense (benefit) [1]		41			9			3			(15	)		66			61	%		NM

Income from continuing operations, net of tax		174			162			80			52			208			20	%		NM

Income (loss) from discontinued operations, net of tax		160			(3	)		(2	)		(5	)		(1	)		NM			80	%

Net income		334			159			78			47			207			(38	%)		NM

Less: Income (loss) from discontinued operations, net of tax		160			(3	)		(2	)		(5	)		(1	)		NM			80	%
Less: Net realized capital gains (losses), after-tax, excluded from core earnings [1]		(22	)		36			(27	)		6			41			NM			NM

Core earnings	$	196		$	126		$	107		$	46		$	167			(15	%)		NM

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

PROPERTY & CASUALTY COMMERCIAL

OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
UNDERWRITING RESULTS
Written premiums	$	1,645		$	1,498		$	1,551		$	1,482		$	1,687			3	%		14	%
Change in unearned premium reserve		147			(19	)		(2	)		(77	)		130			(12	%)		NM

Earned premiums		1,498			1,517			1,553			1,559			1,557			4	%		—

Losses and loss adjustment expenses
Current accident year before catastrophes [1]		962			950			1,085			1,142			1,027			7	%		(10	%)
Current accident year catastrophes		46			166			93			15			32			(30	%)		113	%
Prior accident years [2]		(6	)		31			(9	)		109			20			NM			(82	%)

Total losses and loss adjustment expenses		1,002			1,147			1,169			1,266			1,079			8	%		(15	%)

Underwriting expenses [3]		462			460			453			429			476			3	%		11	%
Dividends to policyholders [4]		4			4			5			5			(2	)		NM			NM

Underwriting results		30			(94	)		(74	)		(141	)		4			(87	%)		NM

Net investment income		242			239			217			212			235			(3	%)		11	%
Periodic net coupon settlements on credit derivatives, before-tax		(2	)		(1	)		(2	)		—			—			100	%		—
Other expenses		(40	)		(34	)		(35	)		(29	)		(26	)		35	%		10	%
Goodwill impairment		—			—			—			(30	)		—			—			100	%
Income tax (expense) benefit		(53	)		(14	)		(19	)		17			(51	)		4	%		NM

Core earnings		177			96			87			29			162			(8	%)		NM
Add: Net realized capital gains (losses), after-tax		(14	)		25			(32	)		8			28			NM			NM

Income from continuing operations, net of tax		163			121			55			37			190			17	%		NM

Add: Income (loss) from discontinued operations, net of tax		160			(3	)		(2	)		(5	)		(1	)		NM			80	%

Net income	$	323		$	118		$	53		$	32		$	189			(41	%)		NM

[1]

The three months ended September 30, 2011 included current accident year reserve strengthening of $47 predominantly related to workers compensation business. The three months ended December 31, 2011 included current accident year reserve strengthening of $87 predominantly related to workers compensation business.

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


	THREE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,
	2011			2011			2011			2011			2012
Auto liability		(1	)		—			(4	)		1			12
Workers’ compensation		(1	)		4			7			161			8
Package business		(7	)		3			(42	)		(30	)		(16	)
General liability		6			6			(8	)		(44	)		(16	)
Professional liability		(9	)		2			29			7			9
Discount accretion on workers’ compensation		7			10			15			6			29
Catastrophes		(5	)		10			2			5			3
Other reserve re-estimates, net		4			(4	)		(8	)		3			(9	)

Total prior accident years development		(6	)		31			(9	)		109			20

[3]	The three months ended December 31, 2011 included taxes, licenses and fees reserve releases of $12.

[4]	The three months ended March 31, 2012 included a decrease in prior year dividends of $8.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

PROPERTY & CASUALTY COMMERCIAL

UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
UNDERWRITING RESULTS	$	30		$	(94	)	$	(74	)	$	(141	)	$	4			(87	%)		NM

UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		64.3			62.6			69.9			73.3			66.0			(1.7	)		7.3
Current accident year catastrophes		3.0			11.0			6.0			1.0			2.1			0.9			(1.1	)
Prior accident years [2]		(0.4	)		2.1			(0.6	)		7.0			1.3			(1.7	)		5.7

Total losses and loss adjustment expenses		66.9			75.6			75.3			81.2			69.3			(2.4	)		11.9

Expenses		30.8			30.3			29.2			27.5			30.6			0.2			(3.1	)
Policyholder dividends		0.3			0.3			0.3			0.3			(0.1	)		0.4			0.4

Combined ratio		97.9			106.2			104.8			109.0			99.7			(1.8	)		9.3

Catastrophes
Current year		3.0			11.0			6.0			1.0			2.1			0.9			(1.1	)
Prior year		(0.3	)		0.7			0.1			0.3			0.2			(0.5	)		0.1

Catastrophe ratio		2.7			11.6			6.1			1.3			2.2			0.5			(0.9	)

Combined ratio before catastrophes		95.2			94.5			98.6			107.8			97.5			(2.3	)		10.3

Combined ratio before catastrophes and prior year development		95.3			93.1			99.4			101.1			96.4			(1.1	)		4.7

[1]

The three months ended September 30, 2011 included current accident year reserve strengthening of 3.0 points, predominantly related to workers’ compensation business. The three months ended December 31, 2011 included current accident year reserve strengthening of 5.6 points, predominantly related to workers’ compensation business.

[2]	Refer to footnote 2 on page 12 for a summary of reserve strengthenings (releases) that are included within prior accident years development.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

PROPERTY & CASUALTY COMMERCIAL

SUPPLEMENTAL DATA


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
WRITTEN PREMIUMS [1]

Small Commercial	$	755		$	725		$	719		$	688		$	815			8	%		18	%
Middle Market	$	602		$	537		$	572		$	569		$	581			(3	%)		2	%

EARNED PREMIUMS [1]

Small Commercial	$	679		$	692		$	715		$	719		$	726			7	%		1	%
Middle Market	$	574		$	576		$	587		$	584		$	577			1	%		(1	%)

SMALL COMMERCIAL

Combined ratio		91.2			104.1			96.2			101.1			97.3			(6.1	)		3.8
Combined ratio before catastrophes		87.1			85.1			89.8			99.5			93.1			(6.0	)		6.4
Combined ratio before catastrophes and prior year development		87.7			84.4			92.5			92.9			91.8			(4.1	)		1.1

MIDDLE MARKET

Combined ratio		103.9			105.8			109.4			121.0			98.8			5.1			22.2
Combined ratio before catastrophes		101.7			99.2			101.3			119.2			97.6			4.1			21.6
Combined ratio before catastrophes and prior year development		100.9			98.2			103.7			108.9			99.2			1.7			9.7

STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Renewal Written Price Increases
Small Commercial and Middle Market		3	%		3	%		4	%		5	%		7	%		4.0			2.0

Policy Count Retention
Small Commercial		83	%		83	%		82	%		83	%		84	%		1.0			1.0
Middle Market		80	%		79	%		77	%		77	%		79	%		(1.0	)		2.0

New Business Premium $
Small Commercial	$	143		$	146		$	135		$	119		$	145			1	%		22	%
Middle Market	$	125		$	107		$	105		$	86		$	91			(27	%)		6	%

Policies in force
Small Commercial		1,145,053			1,165,123			1,172,591			1,170,947			1,179,995			3	%		1	%
Middle Market		85,442			85,809			84,421			82,695			81,159			(5	%)		(2	%)

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

GROUP BENEFITS

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Earned premiums	$	1,028		$	1,062		$	1,000		$	995		$	957			(7	%)		(4	%)
Fee income		16			14			16			16			15			(6	%)		(6	%)
Net investment income		104			106			102			99			99			(5	%)		—
Net realized capital gains (losses)		(14	)		10			6			(5	)		20			NM			NM

Total revenues		1,134			1,192			1,124			1,105			1,091			(4	%)		(1	%)

Benefits, losses and loss adjustment expenses		828			850			814			814			807			(3	%)		(1	%)
Amortization of deferred policy acquisition costs		9			9			9			8			8			(11	%)		—
Insurance operating costs and other expenses [1]		291			286			274			270			258			(11	%)		(4	%)

Total benefits and expenses		1,128			1,145			1,097			1,092			1,073			(5	%)		(2	%)

Income from continuing operations before income taxes		6			47			27			13			18			NM			38	%

Income tax expense (benefit)		(5	)		6			2			(2	)		—			100	%		100	%

Net income		11			41			25			15			18			64	%		20	%

Less: Net realized capital gains (losses), after-tax, excluded from core earnings		(8	)		11			5			(2	)		13			NM			NM

Core earnings	$	19		$	30		$	20		$	17		$	5			(74	%)		(71	%)

Earnings margin (After-tax)
Net income		1.0	%		3.6	%		2.2	%		1.4	%		1.7	%		0.7			0.3
Core earnings		1.7	%		2.6	%		1.8	%		1.5	%		0.5	%		(1.2	)		(1.0	)

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

GROUP BENEFITS

SUPPLEMENTAL DATA


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	462		$	452		$	452		$	452		$	428			(7	%)		(5	%)
Group life		516			512			501			495			476			(8	%)		(4	%)
Other		50			49			47			48			50			—			4	%

Total fully insured — ongoing premiums	$	1,028		$	1,013		$	1,000		$	995		$	954			(7	%)		—

Total buyouts [1]		—			49			—			—			3			—			—

Total premiums		1,028			1,062			1,000			995			957			(7	%)		(4	%)
Group disability — premium equivalents [2]		105			107			109			111			110			5	%		(1	%)

Total premiums and premium equivalent	$	1,133		$	1,169		$	1,109		$	1,106		$	1,067			(6	%)		(4	%)

SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	109		$	41		$	36		$	33		$	86			(21	%)		161	%
Group life		128			48			53			40			135			5	%		NM
Other		7			3			2			5			7			—			40	%

Total fully insured — ongoing sales		244			92			91			78			228			(7	%)		192	%

Total buyouts [1]		—			49			(1	)		—			2			—			—

Total sales		244			141			90			78			230			(6	%)		195	%
Group disability premium equivalents [2]		47			22			23			14			31			(34	%)		121	%

Total sales and premium equivalents	$	291		$	163		$	113		$	92		$	261			(10	%)		184	%

RATIOS [3]
Loss ratio		79.3	%		78.0	%		80.1	%		80.5	%		83.0	%		3.7			2.5
Expense ratio [4]		28.7	%		28.7	%		27.9	%		27.5	%		27.5	%		(1.2	)		—

GAAP RESERVES [5]
Group disability	$	5,164		$	5,225		$	5,259		$	5,307		$	5,342			3	%		1	%
Group life		1,217			1,210			1,206			1,202			1,174			(4	%)		(2	%)
Other		76			75			75			77			75			(2	%)		(3	%)

Total GAAP reserves	$	6,457		$	6,510		$	6,540		$	6,586		$	6,591			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 March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012 are net of reinsurance recoverables of $212, $219, $225, $233 and $239, respectively.

CONSUMER MARKETS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

INCOME STATEMENTS


														Year Over
	THREE MONTHS ENDED													Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,		Mar. 31,		3 Month			3 Month
	2011			2011			2011			2011		2012		Change			Change
Earned premiums	$	956		$	939		$	930		$	922	$	909		(5	%)		(1	%)
Net investment income		50			49			46			42		43		(14	%)		2	%
Other revenues		40			36			35			45		37		(8	%)		(18	%)
Net realized capital gains (losses)		(4	)		2			(10	)		1		7		NM			NM

Total revenues		1,042			1,026			1,001			1,010		996		(4	%)		(1	%)

Losses and loss adjustment expenses		599			904			767			616		558		(7	%)		(9	%)
Amortization of deferred policy acquisition costs		85			85			84			83		83		(2	%)		—
Insurance operating costs and other expenses [1]		197			311			180			183		196		(1	%)		7	%

Total benefits and expenses		881			1,300			1,031			882		837		(5	%)		(5	%)

Income (loss) before income taxes		161			(274	)		(30	)		128		159		(1	%)		24	%

Income tax expense (benefit)		53			(102	)		(14	)		41		51		(4	%)		24	%

Net income (loss)		108			(172	)		(16	)		87		108		—			24	%

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

Core earnings (losses)	$	111		$	(177	)	$	(10	)	$	85	$	102		(8	%)		20	%

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
UNDERWRITING RESULTS
Written premiums	$	884		$	969		$	964		$	858		$	861			(3	%)		—
Change in unearned premium reserve		(72	)		30			34			(64	)		(48	)		33	%		25	%

Earned premiums		956			939			930			922			909			(5	%)		(1	%)

Losses and loss adjustment expenses
Current accident year before catastrophes		616			623			663			634			574			(7	%)		(9	%)
Current accident year catastrophes		32			281			113			(1	)		39			22	%		NM
Prior accident years [1]		(49	)		—			(9	)		(17	)		(55	)		(12	%)		NM

Total losses and loss adjustment expenses		599			904			767			616			558			(7	%)		(9	%)

Underwriting expenses		234			232			225			218			233			—			7	%

Underwriting results		123			(197	)		(62	)		88			118			(4	%)		34	%

Net investment income		50			49			46			42			43			(14	%)		2	%
Periodic net coupon settlements on credit derivatives, before-tax		—			(1	)		—			(1	)		(1	)		—			—
Other expenses [2]		(8	)		(128	)		(4	)		(3	)		(9	)		(12	%)		NM
Income tax expense (benefit)		(54	)		100			10			(41	)		(49	)		9	%		(20	%)

Core earnings (losses)		111			(177	)		(10	)		85			102			(8	%)		20	%

Add: Net realized capital gains (losses), after-tax		(3	)		5			(6	)		2			6			NM			NM

Net income (loss)	$	108		$	(172	)	$	(16	)	$	87		$	108			—			24	%

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


	THREE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,
	2011			2011			2011			2011			2012
Auto liability	$	(55	)	$	(9	)	$	(19	)	$	(10	)	$	(30	)
Homeowners		(14	)		1			14			(2	)		(5	)
Catastrophes		19			9			—			(3	)		(14	)
Other reserve re-estimates, net		1			(1	)		(4	)		(2	)		(6	)

Total prior accident years development	$	(49	)	$	—		$	(9	)	$	(17	)	$	(55	)

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
UNDERWRITING RESULTS	$	123		$	(197	)	$	(62	)	$	88		$	118			(4	%)		34	%

UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		64.3			66.5			71.3			68.8			63.1			1.2			5.7
Current accident year catastrophes		3.4			29.9			12.2			(0.1	)		4.3			(0.9	)		(4.4	)
Prior accident years [1]		(5.1	)		(0.0	)		(1.0	)		(1.8	)		(6.1	)		1.0			4.3

Total losses and loss adjustment expenses		62.6			96.4			82.5			66.8			61.4			1.2			5.4

Expenses		24.7			24.7			24.2			23.6			25.6			(0.9	)		(2.0	)

Combined ratio		87.3			121.1			106.7			90.5			87.0			0.3			3.5

Catastrophes
Current year		3.4			29.9			12.2			(0.1	)		4.3			(0.9	)		(4.4	)
Prior year		2.0			1.0			—			(0.3	)		(1.5	)		3.5			1.2

Catastrophe ratio		5.4			30.8			12.2			(0.4	)		2.8			2.6			(3.2	)

Combined ratio before catastrophes		81.9			90.2			94.5			90.9			84.3			(2.4	)		6.6

Combined ratio before catastrophes and prior year development		89.0			91.2			95.5			92.4			88.8			0.2			3.6

PRODUCT
Automobile		85.2			98.0			99.4			99.0			88.4			(3.2	)		10.6
Homeowners		91.5			175.0			124.1			72.5			83.8			7.7			(11.3	)

Total		87.3			121.1			106.7			90.5			87.0			0.3			3.5

[1]	Refer to footnote 1 on page 18 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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]

AARP Direct	$	647		$	724		$	717		$	630		$	633			(2	%)		—
AARP Agency		14			17			19			22			27			93	%		23	%
Other Agency		210			216			213			194			186			(11	%)		(4	%)
Other		13			12			15			12			15			15	%		25	%

Total	$	884		$	969		$	964		$	858		$	861			(3	%)		—

EARNED PREMIUMS [1]

AARP Direct	$	698		$	694		$	687		$	685		$	676			(3	%)		(1	%)
AARP Agency		10			12			14			16			19			90	%		19	%
Other Agency		233			222			215			208			201			(14	%)		(3	%)
Other		15			11			14			13			13			(13	%)		—

Total	$	956		$	939		$	930		$	922		$	909			(5	%)		(1	%)

PRODUCT LINE
WRITTEN PREMIUMS [1]

Automobile	$	641		$	665		$	657		$	599		$	620			(3	%)		4	%
Homeowners		243			304			307			259			241			(1	%)		(7	%)

Total	$	884		$	969		$	964		$	858		$	861			(3	%)		—

EARNED PREMIUMS [1]

Automobile	$	672		$	657		$	649		$	641		$	632			(6	%)		(1	%)
Homeowners		284			282			281			281			277			(2	%)		(1	%)

Total	$	956		$	939		$	930		$	922		$	909			(5	%)		(1	%)

STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

Renewal Written Price Increases
Automobile		7	%		6	%		4	%		3	%		4	%		(3.0	)		1.0
Homeowners		9	%		9	%		8	%		6	%		6	%		(3.0	)		—

Policy Count Retention
Automobile		82	%		82	%		83	%		83	%		84	%		2.0			1.0
Homeowners		83	%		84	%		84	%		84	%		85	%		2.0			1.0

New Business Premium $
Automobile	$	66		$	75		$	80		$	77		$	86			30	%		12	%
Homeowners	$	19		$	23		$	26		$	23		$	25			32	%		9	%

Policies in force
Automobile		2,178,719			2,137,351			2,106,385			2,080,535			2,065,317			(5	%)		(1	%)
Homeowners		1,402,264			1,380,301			1,358,162			1,338,676			1,330,117			(5	%)		(1	%)

[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
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,		3 Month			3 Month
	2011			2011			2011			2011			2012		Change			Change
REVENUES
Earned premiums [1]	$	44		$	33		$	42		$	35		$	21		(52	%)		(40	%)
Fee income [1]		880			891			858			805			821		(7	%)		2	%
Net investment income		406			410			406			395			421		4	%		7	%
Net realized capital gains (losses)		(66	)		1			(210	)		(295	)		34		NM			NM

Total revenues		1,264			1,335			1,096			940			1,297		3	%		38	%

Benefits and claims, losses and loss adjustment expenses [1]		505			527			732			466			479		(5	%)		3	%
Amortization of deferred policy acquisition costs [1]		86			258			390			(14	)		57		(34	%)		NM
Insurance operating costs and other expenses		434			433			397			414			418		(4	%)		1	%

Total benefits and expenses		1,025			1,218			1,519			866			954		(7	%)		10	%

Income (loss) before income taxes		239			117			(423	)		74			343		44	%		NM

Income tax expense (benefit) [1] [2]		45			(70	)		(191	)		(16	)		88		96	%		NM

Net income (loss)		194			187			(232	)		90			255		31	%		183	%

Less: Net realized capital gains (losses), after-tax, excluded from core earnings [1][3]		(31	)		(42	)		(143	)		(127	)		13		NM			NM

Core earnings (losses)	$	225		$	229		$	(89	)	$	217		$	242		8	%		12	%

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


	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
Earned Premiums	$	—		$	1		$	(3	)	$	1		$	—
Fee Income		(1	)		5			22			14			(2	)
Benefits, losses and loss adjustment expense		(28	)		1			168			(54	)		(56	)
Amortization of deferred policy acquisition costs		(38	)		88			243			22			(83	)
Income tax expense (benefit)		21			(27	)		(137	)		16			48

Net income (loss)		44			(56	)		(255	)		31			89
Less: Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		1			(49	)		(11	)		(39	)		1

Core earnings (losses)	$	43		$	(7	)	$	(244	)	$	70		$	88

[2]	The three 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.

[3]	The three months ended June 30, 2011 includes a benefit of $22 related to the release of a deferred tax valuation allowance.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

FINANCIAL HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31, 2011			June 30, 2011			Sept. 30, 2011			Dec. 31, 2011			March 31, 2012			3 Month Change			3 Month Change
CORE EARNINGS BY SEGMENT

Individual Annuity	$	108		$	154		$	90		$	92		$	96			(11	%)		4	%
Individual Life		38			42			37			34			34			(11	%)		—
Retirement Plans		9			13			4			1			4			(56	%)		NM
Mutual Funds		27			27			24			20			20			(26	%)		—

Wealth Management core earnings, excluding DAC unlock		182			236			155			147			154			(15	%)		5	%
DAC unlock impacts on net income (loss)		44			(56	)		(255	)		31			89			102	%		187	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(32	)		7			(132	)		(88	)		12			NM			NM

Wealth Management net income (loss)		194			187			(232	)		90			255			31	%		183	%

DAC UNLOCK IMPACT ON CORE EARNINGS (LOSSES) BY SEGMENT

Individual Annuity		43			(4	)		(163	)		69			88			105	%		28	%
Individual Life		(2	)		(1	)		(57	)		2			(8	)		NM			NM
Retirement Plans		2			(2	)		(24	)		(1	)		8			NM			NM

DAC unlock impact on core earnings (losses)		43			(7	)		(244	)		70			88			105	%		26	%

DAC unlock impact on net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1]		1			(49	)		(11	)		(39	)		1			—			NM
DAC unlock impact on net income (loss)	$	44		$	(56	)	$	(255	)	$	31		$	89			102	%		187	%

ASSETS UNDER MANAGEMENT BY SEGMENT

Individual Annuity	$	95,113		$	91,325		$	78,443		$	80,391		$	83,742			(12	%)		4	%
Individual Life		12,470			12,366			11,808			12,300			12,928			4	%		5	%
Retirement Plans		55,348			55,555			49,685			52,302			57,155			3	%		9	%
Non-proprietary Mutual Funds		59,945			58,150			47,307			48,768			53,244			(11	%)		9	%

Total assets under management	$	222,876		$	217,396		$	187,243		$	193,761		$	207,069			(7	%)		7	%

DEPOSITS BY SEGMENT
Individual Annuity	$	263		$	247		$	228		$	258		$	353			34	%		37	%
Individual Life		415			448			512			545			481			16	%		(12	%)
Retirement Plans		2,863			2,069			2,470			2,034			2,606			(9	%)		28	%
Non-proprietary Mutual Funds		4,821			3,872			4,338			2,318			2,744			(43	%)		18	%

Total deposits	$	8,362		$	6,636		$	7,548		$	5,155		$	6,184			(26	%)		20	%

[1]	Included in the three months ended March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31,2012 are income tax expense (benefits) of $(1), $(25), $(4), $(23), and $0, respectively.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)


													Total
	Individual			Individual			Retirement			Mutual			Wealth
	Annuity			Life			Plans			Funds			Management
YEAR-TO-DATE
Balance, December 31, 2011	$	2,412		$	2,002		$	304		$	27		$	4,745
Adjustments to unrealized gains and losses on securities available - for - sale and other		178			236			44			—			458

Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other		2,590			2,238			348			27			5,203
Capitalization		23			66			14			7			110
Amortization - deferred policy acquisition costs		(79	)		(22	)		(8	)		(9	)		(118	)
Amortization - present value of future profits		(1	)		(4	)		—			—			(5	)
Amortization - realized capital gains / losses		(3	)		(12	)		(2	)		—			(17	)
Amortization - unlock - core		72			(2	)		12			—			82
Amortization - unlock - non-core		2			1			(2	)		—			1

Balance, March 31, 2012		2,604			2,265			362			25			5,256
Adjustments to unrealized gains and losses on securities available - for - sale and other		(202	)		(231	)		(49	)		—			(482	)

Balance, March 31, 2012 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	2,402		$	2,034		$	313		$	25		$	4,774

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

SUPPLEMENTAL DATA—ANNUITY DEATH AND LIVING BENEFITS [1]


	As of			As of			As of			As of			As of
	March 31,			June 30,			September 30,			December 31,			March 31,
	2011			2011			2011			2011			2012
S&P 500 index value at end of period		1,325.83			1,320.64			1,131.42			1,257.60			1,408.47

Total account value with guaranteed minimum death benefits (“GMDB”)	$	90,968		$	87,303		$	73,831		$	76,239		$	80,230
GMDB gross net amount of risk		8,616			8,598			15,934			12,070			7,724
% of GMDB NAR reinsured		63	%		64	%		54	%		57	%		64	%
GMDB retained net amount of risk		3,152			3,136			7,306			5,136			2,750
GMDB net GAAP liability [2]		348			347			441			380			322

Total account value with guaranteed minimum withdrawal benefits (“GMWB”)		44,803			42,501			35,566			36,604			38,312
GMWB gross net amount of risk		1,296			745			3,025			1,888			847
% of GMWB NAR reinsured		17	%		21	%		16	%		16	%		16	%
GMWB retained net amount of risk		1,080			592			2,533			1,587			711
GMWB net GAAP liability [3]		1,330			1,176			2,276			2,082			1,355

[1]	ADIB include Individual Annuity and Retirement Plans group annuity contracts.

[2]

For the three months ended March 31, 2011 there was a decrease to the GMDB/GMIB liability as a result of the unlock of $(25). For the three months ended June 30, 2011, the amount was $(10). For the three months ended September 30, 2011, the amount was $89. For the three months ended December 31, 2011 the amount was $(54). For the three months ended March 31, 2012 the amount was $(61).

[3]

Policies with a guaranteed living benefit (a GMWB in the US) 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 is released. Similarly, when a policy goes into benefit status on a GMWB or, by contract, the GMDB NAR is reduced to $0.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL ANNUITY

INCOME STATEMENTS


															Year Over
	THREE MONTHS ENDED														Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,		3 Month			3 Month
	2011			2011			2011			2011			2012		Change			Change
Fee Income [1]	$	375		$	380		$	344		$	312		$	321		(14	%)		3	%
Earned premiums [1]		65			56			66			62			47		(28	%)		(24	%)
Net investment income		197			196			191			184			199		1	%		8	%
Net realized capital gains (losses)		(28	)		(16	)		(236	)		(311	)		20		NM			NM

Total revenues		609			616			365			247			587		(4	%)		138	%

Benefits, losses and loss adjustment expenses [1]		251			272			391			192			182		(27	%)		(5	%)
Amortization of deferred policy acquisition costs [1]		42			195			241			(60	)		9		(79	%)		NM
Insurance operating costs and other expenses		142			139			123			142			128		(10	%)		(10	%)

Total benefits and expenses		435			606			755			274			319		(27	%)		16	%

Income (loss) before income taxes		174			10			(390	)		(27	)		268		54	%		NM

Income tax expense (benefit) [1] [2]		31			(77	)		(166	)		(45	)		70		126	%		NM

Net income (loss)		143			87			(224	)		18			198		38	%		NM

Less: Net realized capital gains (losses), after-tax, excluded from core earnings (loss) [1]		(8	)		(63	)		(151	)		(143	)		14		NM			NM

Core earnings (losses)	$	151		$	150		$	(73	)	$	161		$	184		22	%		14	%

RETURN ON ASSETS (After-tax bps)
Net income (loss)		60.1			37.3			(105.6	)		9.1			96.5		36.4			87.4
Core earnings (losses), excluding impact of DAC unlock		45.4			66.1			42.4			46.3			46.8		1.4			0.5

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


	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
Fee Income	$	(1	)	$	4		$	4		$	1		$	(2	)
Earned premiums		—			1			(3	)		1			—
Benefits, losses and loss adjustment expenses		(28	)		1			100			(50	)		(66	)
Amortization of deferred policy acquisition costs		(37	)		82			163			6			(74	)
Income tax expense (benefit)		21			(26	)		(92	)		17			48

Net income (loss)		43			(52	)		(170	)		29			90
Less: Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—			(48	)		(7	)		(40	)		2

Core earnings (loss)		43			(4	)		(163	)		69			88

[2]	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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL ANNUITY

SUPPLEMENTAL DATA—ACCOUNT VALUE ROLL FORWARD


	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
VARIABLE ANNUITIES
Beginning balance	$	83,013		$	82,977		$	79,347		$	66,716		$	68,760

Deposits		250			227			192			216			307
Surrenders		(2,963	)		(3,141	)		(2,445	)		(2,207	)		(2,502	)
Death benefits/annuitizations/annuity payouts [1]		(419	)		(392	)		(344	)		(346	)		(449	)
Transfers		(47	)		(44	)		(45	)		(44	)		3

Net Flows		(3,179	)		(3,350	)		(2,642	)		(2,381	)		(2,641	)
Change in market value/change in reserve/interest credited		3,142			(281	)		(9,989	)		4,425			6,116
Other [2]		1			1			—			—			—

Ending balance	$	82,977		$	79,347		$	66,716		$	68,760		$	72,235

FIXED MARKET VALUE ADJUSTED (“MVA”) AND OTHER

Beginning balance	$	12,223		$	12,136		$	11,978		$	11,727		$	11,631

Deposits		13			20			36			42			46
Surrenders		(173	)		(203	)		(301	)		(175	)		(204	)
Death benefits/annuitizations/annuity payouts [1]		(152	)		(167	)		(165	)		(163	)		(102	)
Transfers		66			68			73			62			1

Net Flows		(246	)		(282	)		(357	)		(234	)		(259	)
Change in market value/change in reserve/interest credited		159			124			106			138			136
Other		—			—			—			—			(1	)

Ending balance	$	12,136		$	11,978		$	11,727		$	11,631		$	11,507

TOTAL INDIVIDUAL ANNUITY

Beginning balance	$	95,236		$	95,113		$	91,325		$	78,443		$	80,391

Deposits		263			247			228			258			353
Surrenders		(3,136	)		(3,344	)		(2,746	)		(2,382	)		(2,706	)
Death benefits/annuitizations/annuity payouts [1]		(571	)		(559	)		(509	)		(509	)		(551	)
Transfers		19			24			28			18			4

Net Flows		(3,425	)		(3,632	)		(2,999	)		(2,615	)		(2,900	)
Change in market value/change in reserve/interest credited		3,301			(157	)		(9,883	)		4,563			6,252
Other [2]		1			1			—			—			(1	)

Ending balance	$	95,113		$	91,325		$	78,443		$	80,391		$	83,742

[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

INDIVIDUAL LIFE

INCOME STATEMENTS


																Year Over
																Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2011			2011			2011			2011			2012			Change			Change
Fee income [1]	$	233		$	237		$	269		$	262		$	255			9	%		(3	%)
Earned premiums		(24	)		(25	)		(25	)		(28	)		(28	)		(17	%)		—
Net investment income		111			115			115			115			122			10	%		6	%
Net realized capital gains (losses)		(30	)		6			28			26			(1	)		97	%		NM

Total revenues		290			333			387			375			348			20	%		(7	%)

Benefits, losses and loss adjustment expenses [1]		182			180			260			194			216			19	%		11	%
Amortization of deferred policy acquisition costs [1]		25			34			87			25			39			56	%		56	%
Insurance operating costs and other expenses		61			67			63			70			70			15	%		—

Total benefits and expenses		268			281			410			289			325			21	%		12	%

Income (loss) before income taxes		22			52			(23	)		86			23			5	%		(73	%)

Income tax expense (benefit) [1] [2]		4			6			(14	)		27			4			—			(85	%)

Net income (loss)		18			46			(9	)		59			19			6	%		(68	%)

Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (loss) [1]		(18	)		5			11			23			(7	)		61	%		NM

Core earnings (losses)	$	36		$	41		$	(20	)	$	36		$	26			(28	%)		(28	%)

EARNINGS MARGIN (After-tax)
Net income (loss)		6.2	%		13.8	%		(2.3	%)		15.7	%		5.5	%		(0.7	)		(10.2	)
Core earnings (losses), excluding impact of DAC unlock		11.8	%		13.0	%		11.0	%		10.0	%		9.8	%		(2.0	)		(0.2	)

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


	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
Fee Income	$	—		$	1		$	18		$	13		$	—
Benefits, losses and loss adjustment expense		—			—			66			(4	)		10
Amortization of deferred policy acquisition costs		1			3			40			14			1
Income tax expense (benefit)		—			(1	)		(30	)		—			(3	)

Net income (loss)		(1	)		(1	)		(58	)		3			(8	)
Less: Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings (losses)		1			—			(1	)		1			—

Core earnings (losses)		(2	)		(1	)		(57	)		2			(8	)

[2]	The three 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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL LIFE

SUPPLEMENTAL DATA


											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2011		2011		2011		2011		2012		Change			Change
SALES BY DISTRIBUTION
National Accounts	$	22	$	28	$	29	$	39	$	26		18	%		(33	%)
Independent		28		25		31		36		32		14	%		(11	%)
Other		4		3		2		2		3		(25	%)		50	%

Total sales by distribution	$	54	$	56	$	62	$	77	$	61		13	%		(21	%)

SALES BY PRODUCT
Variable Life	$	7	$	8	$	6	$	6	$	5		(29	%)		(17	%)
Universal life		43		43		52		67		52		21	%		(22	%)
Term/other life		4		5		4		4		4		—			—

Total sales by product	$	54	$	56	$	62	$	77	$	61		13	%		(21	%)

PREMIUMS & DEPOSITS
Variable life	$	127	$	130	$	134	$	126	$	118		(7	%)		(6	%)
Universal life/other life		288		318		378		419		363		26	%		(13	%)
Term/other		37		39		43		42		41		11	%		(2	%)

Total Premiums & Deposits	$	452	$	487	$	555	$	587	$	522		15	%		(11	%)

ACCOUNT VALUE
General account	$	6,808	$	6,954	$	7,126	$	7,337	$	7,501		10	%		2	%
Separate account		5,662		5,412		4,682		4,963		5,427		(4	%)		9	%

Total account value	$	12,470	$	12,366	$	11,808	$	12,300	$	12,928		4	%		5	%

ACCOUNT VALUE BY PRODUCT
Variable life	$	6,235	$	5,993	$	5,259	$	5,535	$	5,996		(4	%)		8	%
Universal life/other life		6,235		6,373		6,549		6,765		6,932		11	%		2	%

Total account value by product	$	12,470	$	12,366	$	11,808	$	12,300	$	12,928		4	%		5	%

LIFE INSURANCE IN-FORCE
Variable life	$	72,946	$	71,977	$	70,926	$	69,716	$	68,642		(6	%)		(2	%)
Universal life		59,613		60,759		62,052		64,006		65,400		10	%		2	%
Term		77,138		78,714		80,249		81,494		82,659		7	%		1	%

Total life insurance in-force	$	209,697	$	211,450	$	213,227	$	215,216	$	216,701		3	%		1	%

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL LIFE

SUPPLEMENTAL DATA—ACCOUNT VALUE ROLL FORWARD


	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
VARIABLE LIFE
Beginning balance	$	6,115		$	6,235		$	5,993		$	5,259		$	5,535
First year & single premiums		13			16			15			12			9
Renewal premiums		114			114			119			114			109

Premiums and deposits		127			130			134			126			118
Surrenders		(98	)		(102	)		(91	)		(100	)		(108	)
Death benefits		(19	)		(17	)		(20	)		(15	)		(16	)

Net Flows		10			11			23			11			(6	)
Policy fees		(108	)		(111	)		(120	)		(109	)		(108	)
Change in market value/interest credited		218			(142	)		(637	)		374			575

Ending balance	$	6,235		$	5,993		$	5,259		$	5,535		$	5,996

UNIVERSAL LIFE [1]
Beginning balance	$	6,128		$	6,235		$	6,373		$	6,549		$	6,765
First year & single premiums		143			165			210			251			198
Renewal premiums		145			153			168			168			165

Premiums and deposits		288			318			378			419			363
Surrenders		(43	)		(36	)		(44	)		(44	)		(39	)
Death benefits		(35	)		(29	)		(29	)		(26	)		(32	)

Net Flows		210			253			305			349			292
Policy fees		(160	)		(173	)		(193	)		(194	)		(188	)
Change in market value/interest credited		57			58			64			61			63

Ending balance	$	6,235		$	6,373		$	6,549		$	6,765		$	6,932

INDIVIDUAL LIFE
Beginning balance	$	12,243		$	12,470		$	12,366		$	11,808		$	12,300
First year & single premiums		156			181			225			263			207
Renewal premiums		259			267			287			282			274

Premiums and deposits		415			448			512			545			481
Surrenders		(141	)		(138	)		(135	)		(144	)		(147	)
Death benefits		(54	)		(46	)		(49	)		(41	)		(48	)

Net Flows		220			264			328			360			286
Policy fees		(268	)		(284	)		(313	)		(303	)		(296	)
Change in market value/interest credited		275			(84	)		(573	)		435			638

Ending balance	$	12,470		$	12,366		$	11,808		$	12,300		$	12,928

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

RETIREMENT PLANS

INCOME STATEMENTS


															Year Over
	THREE MONTHS ENDED														Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,		3 Month			3 Month
	2011			2011			2011			2011			2012		Change			Change
Fee income	$	94		$	99		$	92		$	88		$	94		—			7	%
Earned premiums		3			2			1			1			2		(33	%)		100	%
Net investment income		99			100			100			97			101		2	%		4	%
Net realized capital gains (losses)		(9	)		11			(2	)		(10	)		14		NM			NM

Total revenues		187			212			191			176			211		13	%		20	%

Benefits, losses and loss adjustment expenses [1]		72			75			81			80			81		13	%		1	%
Amortization of deferred policy acquisition costs [1]		7			17			50			10			—		(100	%)		(100	%)
Insurance operating costs and other expenses		108			107			106			102			109		1	%		7	%

Total benefits and expenses		187			199			237			192			190		2	%		(1	%)

Income (loss) before income taxes		—			13			(46	)		(16	)		21		—			NM

Income tax expense (benefit) [1] [2]		(5	)		(14	)		(23	)		(10	)		3		NM			NM

Net income (loss)		5			27			(23	)		(6	)		18		NM			NM

Less: Net realized capital gains (losses), after-tax, excluded from core earnings (loss) [1]		(6	)		16			(3	)		(6	)		6		NM			NM

Core earnings (losses)	$	11		$	11		$	(20	)	$	—		$	12		9	%		—

RETURN ON ASSETS (After-tax bps)
Net income (loss)		3.7			19.5			(17.4	)		(4.7	)		13.2		9.5			17.9
Core earnings (losses), excluding impact of DAC unlock		6.6			9.3			3.0			0.8			3.0		(3.6	)		2.2

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


	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
Benefits, losses and loss adjustment expenses	$	—		$	—		$	2		$	—		$	—
Amortization of deferred policy acquisition costs		(2	)		3			40			2			(10	)
Income tax expense (benefit)		—			—			(15	)		(1	)		3

Net income (loss)		2			(3	)		(27	)		(1	)		7
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			(1	)		(3	)		—			(1	)

Core earnings (losses)		2			(2	)		(24	)		(1	)		8

[2]	The three 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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

RETIREMENT PLANS

SUPPLEMENTAL DATA—ASSETS UNDER MANAGEMENT


											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2011		2011		2011		2011		2012		Change			Change
RETIREMENT PLANS
General account	$	7,502	$	7,638	$	8,042	$	8,374	$	8,644		15	%		3	%
Non-guaranteed separate account		27,522		27,443		23,799		25,525		28,459		3	%		11	%

Total Retirement Plans account value	$	35,024	$	35,081	$	31,841	$	33,899	$	37,103		6	%		9	%
401(k) mutual funds		19,927		20,085		17,488		18,038		19,630		(1	%)		9	%
403(b)/457 mutual funds		397		389		356		365		422		6	%		16	%

Total Retirement Plans assets under management	$	55,348	$	55,555	$	49,685	$	52,302	$	57,155		3	%		9	%

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

RETIREMENT PLANS

SUPPLEMENTAL DATA—ACCOUNT VALUE AND ASSET ROLL FORWARD


	THREE MONTHS ENDED,
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
401(k) GROUP ANNUITY ACCOUNT VALUE
Beginning balance	$	20,291		$	21,891		$	21,963		$	19,769		$	21,124
Deposits		1,807			1,194			1,425			1,239			1,625
Surrenders		(921	)		(1,049	)		(911	)		(1,150	)		(1,099	)
Death benefits/annuity payouts		(18	)		(20	)		(19	)		(17	)		(18	)
Transfers [1]		(26	)		1			11			47			4

Net Flows		842			126			506			119			512
Change in market value/change in reserve/interest credited		758			(54	)		(2,700	)		1,236			1,742

Ending balance	$	21,891		$	21,963		$	19,769		$	21,124		$	23,378

403(b)/457 GROUP ANNUITY ACCOUNT VALUE
Beginning balance	$	12,649		$	13,133		$	13,118		$	12,072		$	12,775
Deposits		359			326			330			336			364
Surrenders		(255	)		(347	)		(259	)		(216	)		(246	)
Death benefits/annuity payouts		(12	)		(12	)		(12	)		(11	)		(11	)
Transfers [1]		—			—			3			2			(3	)

Net Flows		92			(33	)		62			111			104
Change in market value/change in reserve/interest credited		392			18			(1,108	)		592			846

Ending balance	$	13,133		$	13,118		$	12,072		$	12,775		$	13,725

401(k)/403(b)/457 MUTUAL FUNDS ASSETS
Beginning balance	$	19,578		$	20,324		$	20,474		$	17,844		$	18,403
Reclassificiation of AUA to AUM [2]		—			267			—			—			—

Deposits		697			549			715			459			617
Surrenders		(995	)		(814	)		(511	)		(1,127	)		(806	)
Death benefits/annuity payouts		—			(2	)		2			1			(1	)
Transfers [1]		26			(1	)		(14	)		(49	)		(1	)

Net Flows		(272	)		(268	)		192			(716	)		(191	)
Change in market value/change in reserve/interest credited		1,018			151			(2,822	)		1,275			1,840

Ending balance	$	20,324		$	20,474		$	17,844		$	18,403		$	20,052

TOTAL RETIREMENT
Beginning balance	$	52,518		$	55,348		$	55,555		$	49,685		$	52,302
Reclassificiation of AUA to AUM [2]		—			267			—			—			—

Deposits		2,863			2,069			2,470			2,034			2,606
Surrenders		(2,171	)		(2,210	)		(1,681	)		(2,493	)		(2,151	)
Death benefits/annuity payouts		(30	)		(34	)		(29	)		(27	)		(30	)

Net Flows		662			(175	)		760			(486	)		425
Change in market value/change in reserve/interest credited		2,168			115			(6,630	)		3,103			4,428

Ending balance	$	55,348		$	55,555		$	49,685		$	52,302		$	57,155

[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
	March 31,			June 30,			Sept. 30,		Dec. 31,			March 31,			3 Month			3 Month
	2011			2011			2011		2011			2012			Change			Change
Fee income	$	178		$	175		$	153	$	143		$	151			(15	%)		6	%
Net investment income		(1	)		(1	)		—		(1	)		(1	)		—			—
Net realized capital gains		1			—			—		—			1			—			—

Total revenues		178			174			153		142			151			(15	%)		6	%

Amortization of deferred policy acquisition costs		12			12			12		11			9			(25	%)		(18	%)
Insurance operating costs and other expenses		123			120			105		100			111			(10	%)		11	%

Total benefits and expenses		135			132			117		111			120			(11	%)		8	%

Income before income taxes		43			42			36		31			31			(28	%)		—

Income tax expense		15			15			12		12			11			(27	%)		(8	%)

Income from continuing operations, net of tax		28			27			24		19			20			(29	%)		5	%

Income (loss) from discontinued operations, net of tax		—			—			—		—			—			—			—

Net income		28			27			24		19			20			(29	%)		5	%

Less: Net realized capital gains (losses), after-tax, excluded from core earnings		1			—			—		(1	)		—			(100	%)		100	%

Core earnings		27		$	27		$	24	$	20		$	20			(26	%)		—

RETURN ON ASSETS (After-tax bps)
Net income		11.0			10.6			10.5		9.0			9.0			(2.0	)		—
Core earnings		10.6			10.6			10.5		9.5			9.0			(1.6	)		(0.5	)

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

MUTUAL FUNDS

SUPPLEMENTAL DATA


											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2011		2011		2011		2011		2012		Change			Change
NON-PROPRIETARY MUTUAL FUNDS DEPOSITS
Retail mutual funds	$	3,934	$	3,131	$	2,051	$	1,760	$	2,140		(46	%)		22	%
Investment only mutual funds		807		676		2,228		493		534		(34	%)		8	%
529 college savings plan		80		65		59		65		70		(13	%)		8	%

Total Non-Proprietary Mutual Funds Deposits	$	4,821	$	3,872	$	4,338	$	2,318	$	2,744		(43	%)		18	%

ASSETS UNDER MANAGEMENT
Retail mutual fund assets	$	51,064	$	49,584	$	39,258	$	40,228	$	43,575		(15	%)		8	%
Investment only mutual fund assets		7,298		6,954		6,625		6,983		7,929		9	%		14	%
Proprietary mutual fund assets [1]		44,044		42,204		35,494		36,770		39,161		(11	%)		7	%
529 college savings plan assets		1,583		1,612		1,424		1,557		1,740		10	%		12	%

Total Mutual Fund Assets	$	103,989	$	100,354	$	82,801	$	85,538	$	92,405		(11	%)		8	%

[1]	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
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2011			2011			2011			2011			2012
NON-PROPRIETARY MUTUAL FUNDS
Beginning balance	$	56,884		$	59,945		$	58,150		$	47,307		$	48,768

Deposits		4,821			3,872			4,338			2,318			2,744
Redemptions		(3,827	)		(5,054	)		(6,734	)		(4,112	)		(3,781	)

Net flows		994			(1,182	)		(2,396	)		(1,794	)		(1,037	)
Change in market value		2,095			(635	)		(8,430	)		3,271			5,533
Other [1]		(28	)		22			(17	)		(16	)		(20	)

Ending balance	$	59,945		$	58,150		$	47,307		$	48,768		$	53,244

PROPRIETARY MUTUAL FUNDS [2]
Beginning balance	$	43,602		$	44,044		$	42,204		$	35,494		$	36,770
Net flows		(1,507	)		(1,604	)		(1,244	)		(1,442	)		(1,372	)
Change in market value		1,949			(236	)		(5,466	)		2,718			3,763

Ending balance	$	44,044		$	42,204		$	35,494		$	36,770		$	39,161

[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.

RUNOFF OPERATIONS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RUNOFF OPERATIONS

FINANCIAL HIGHLIGHTS


	THREE MONTHS ENDED															Year Over Year			Sequential
	March 31, 2011			June 30, 2011			Sept. 30, 2011			Dec. 31, 2011			March 31, 2012			3 Month Change			3 Month Change
NET INCOME(LOSS) BY SEGMENT
International Annuity	$	(98	)	$	104		$	376		$	(44	)	$	(465	)		NM			NM
Institutional Annuity		18			58			(53	)		1			52			189	%		NM
Private Placement Life Insurance (“PPLI”)		10			12			6			9			8			(20	%)		(11	%)

Life Other Operations net income (loss)		(70	)		174			329			(34	)		(405	)		NM			NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(168	)		88			213			(79	)		(594	)		NM			NM

Life Other Operations core earnings	$	98		$	86		$	116		$	45		$	189			93	%		NM

Property & Casualty Other Operations net income (loss) [1] [2]		21			(164	)		8			18			27			29	%		50	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(2	)		3			(1	)		2			7			NM			NM

Property & Casualty Other Operations core earnings (losses)	$	23		$	(167	)	$	9		$	16		$	20			(13	%)		25	%

Runoff Operations net income (loss)		(49	)		10			337			(16	)		(378	)		NM			NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(170	)		91			212			(77	)		(587	)		NM			NM

Runoff Operations core earnings (losses)	$	121		$	(81	)	$	125		$	61		$	209			73	%		NM

LIFE OTHER OPERATIONS SUPPLEMENTAL DATA
Return on assets (After-tax bps)
Net income (loss)		(30.4	)		75.6			144.1			(15.0	)		(179.7	)		(149.3	)		(164.6	)
Core earnings, excluding impact of DAC unlock		36.9			41.7			34.6			31.0			37.7			0.8			6.7

DAC unlock impact on net income (loss) by segment
International Annuity	$	14		$	(11	)	$	(212	)	$	(25	)	$	125			NM			NM
Institutional Annuity		(1	)		1			(2	)		(1	)		—			100	%		100	%

Life Other Operations	$	13		$	(10	)	$	(214	)	$	(26	)	$	125			NM			NM

DAC unlock impact on core earnings (losses) by segment
International Annuity	$	14		$	(10	)	$	41		$	(26	)	$	104			NM			NM
Institutional Annuity		(1	)		—			(4	)		1			—			100	%		(100	%)

Life Other Operations	$	13		$	(10	)	$	37		$	(25	)	$	104			NM			NM

Core earnings (losses) by segment
International Annuity	$	77		$	69		$	114		$	44		$	178			131	%		NM
Institutional Annuity		11			7			(9	)		(9	)		4			(64	%)		NM
Private Placement Life Insurance		10			10			11			10			7			(30	%)		(30	%)

Life Other Operations core earnings	$	98		$	86		$	116		$	45		$	189			93	%		NM

[1]	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]	Additionally, includes prior accident years development reserve strengthenings (releases) for the three months ended March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012 of $4, $(4), $2, $6, and $6, before-tax, respectively.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RUNOFF OPERATIONS

LIFE OTHER OPERATIONS

SUPPLEMENTAL DATA—ACCOUNT VALUE DATA


	THREE MONTHS ENDED															Year Over Year			Sequential
	March 31, 2011			June 30, 2011			Sept. 30, 2011			Dec. 31, 2011			March 31, 2012			3 Month Change			3 Month Change
ACCOUNT VALUE BY SEGMENT
Variable annuity	$	33,027		$	32,981		$	31,438		$	31,162		$	31,392			(5	%)		1	%
Fixed and other annuity		4,463			4,824			5,013			4,786			4,469			—			(7	%)

Total International Annuity account value	$	37,490		$	37,805		$	36,451		$	35,948		$	35,861			(4	%)		—
Institutional Annuity account value [1]	$	19,326		$	19,230		$	19,477		$	19,330		$	18,622			(4	%)		(4	%)
Private Placement Life Insurance account value	$	36,424		$	36,700		$	35,989		$	36,335		$	36,830			1	%		1	%
Total Life Other Operations account value [1]	$	91,803		$	92,250		$	90,443		$	90,317		$	90,001			(2	%)		—

INTERNATIONAL ANNUITY ACCOUNT VALUE ROLL FORWARD VARIABLE ANNUITIES
Beginning balance	$	33,507		$	33,027		$	32,981		$	31,438		$	31,162
Deposits/premiums/other		1			1			—			—			—
Surrenders		(285	)		(291	)		(296	)		(291	)		(311	)
Death benefits/annuitizations/other [2]		(192	)		(166	)		(165	)		(164	)		(194	)

Net flows		(476	)		(456	)		(461	)		(455	)		(505	)
Change in market value/currency/change in reserve/interest credited		610			(404	)		(2,477	)		141			2,681
Effect of currency translation		(614	)		814			1,395			38			(1,946	)

Ending balance	$	33,027		$	32,981		$	31,438		$	31,162		$	31,392

FIXED MVA AND OTHER [3]
Beginning balance	$	4,596		$	4,463		$	4,824		$	5,013		$	4,786
Surrenders		(43	)		(31	)		(44	)		(59	)		(47	)
Death benefits/annuitizations/other [2]		(23	)		246			(16	)		(204	)		1

Net flows		(66	)		215			(60	)		(263	)		(46	)
Change in market value/currency/change in reserve/interest credited		31			22			19			28			40
Effect of currency translation		(98	)		124			230			8			(311	)

Ending balance	$	4,463		$	4,824		$	5,013		$	4,786		$	4,469

TOTAL INTERNATIONAL ANNUITY
Beginning balance	$	38,103		$	37,490		$	37,805		$	36,451		$	35,948
Deposits/Premiums/other		1			1			—			—			—
Surrenders		(328	)		(322	)		(340	)		(350	)		(358	)
Death benefits/annuitizations/other [2]		(215	)		80			(181	)		(368	)		(193	)

Net flows		(542	)		(241	)		(521	)		(718	)		(551	)
Change in market value/change in reserve/interest credited		641			(382	)		(2,458	)		169			2,721
Effect of currency translation		(712	)		938			1,625			46			(2,257	)

Ending balance	$	37,490		$	37,805		$	36,451		$	35,948		$	35,861

[1]

Included in the Institutional Annuity account value balance is approximately $1.4 billion for the three months ended March 31, 2011 and approximately $1.5 billion for the three months ended June 30, 2011 and September 30, 2011 and approximately $1.3 billion for the three months ended December 31, 2011 and March 31, 2012 related to an intrasegment funding agreement which is eliminated in consolidation.

[2]

Included in the three months ended March 31, 2012 are current period payments of $3.7 and interest credited of $15.4 related to 3 Win “GMIB” policies that triggered in fourth quarter 2008 and first quarter 2009 for option (2), which are included in the fixed MVA and other—death benefits/annuitizations/other and change in market value/change in reserve/interest credited. The 3 Win guaranteed minimum benefit “GMIB” requires the policyholder to elect one of the two options; either (1) receive 80% of their initial deposit without surrender penalty or (2) receive 100% of the initial deposit via a 15 year pay out annuity.

[3]	Of the total ending fixed MVA and other balance as of March 31, 2012 of $4.5 billion, approximately $1.9 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RUNOFF OPERATIONS

LIFE OTHER OPERATIONS

DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)


	International Annuity			Institutional Annuity			PPLI		Life Other Operations
YEAR-TO-DATE
Balance, December 31, 2011	$	1,125		$	55		$	33	$	1,213
Adjustments to unrealized gains and losses on securities available - for - sale and other		(14	)		—			—		(14	)

Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other		1,111			55			33		1,199
Amortization - deferred policy acquisition costs		(42	)		(1	)		—		(43	)
Amortization - realized capital gains / losses		60			—			—		60
Amortization - unlock - core		9			—			—		9
Amortization - unlock - non-core		32			—			—		32
Effect of currency translation adjustment		(75	)		—			—		(75	)

Balance, March 31, 2012		1,095			54			33		1,182
Adjustments to unrealized gains and losses on securities available - for - sale and other		18			—			—		18

Balance, March 31, 2012 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	1,113		$	54		$	33	$	1,200

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE OTHER OPERATIONS

SUPPLEMENTAL DATA—ANNUITY DEATH AND INCOME BENEFITS


	As of March 31, 2011			As of June 30, 2011			As of September 30, 2011			As of December 31, 2011			As of March 31, 2012
JAPAN VARIABLE ANNUITY BUSINESS
Yen / $		82.9			80.8			77.1			76.9			82.3

Total account value with GMDB	$	30,778		$	30,785		$	29,522		$	29,234		$	29,396
GMDB gross net amount of risk		7,962			8,469			11,035			10,857			7,580
% of GMDB NAR reinsured		15	%		15	%		13	%		13	%		15	%
GMDB retained net amount of risk		6,750			7,233			9,583			9,413			6,469

Total account value with guaranteed minimum income benefits (“GMIB”)		28,495			28,526			27,471			27,282			27,350
GMIB retained net amount of risk [2]		4,991			5,442			7,662			7,502			4,785
GMDB/GMIB net GAAP liability [1]		607			635			907			930			704

[1]

For the three months ended March 31, 2011, there was a $(21) decrease to the GMDB/GMIB liability as a result of the unlock for the Japan variable annuity business. For the three months ended June 30, 2011, the amount was $17. For the three months ended September 30, 2011, the amount was $249. For the three months ended December 31, 2011, the amount was $33. For the three months ended March 31, 2012, the amount was $(152).

[2]

Policies with a guaranteed living benefit (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 GMIB is released. Similarly, when a policy goes into benefit status on a GMIB, its GMDB NAR is released.

CORPORATE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CORPORATE

INCOME STATEMENTS


	THREE MONTHS ENDED															Year Over Year			Sequential
	Mar. 31, 2011			Jun. 30, 2011			Sept. 30, 2011			Dec. 31, 2011			Mar. 31, 2012			3 Month Change			3 Month Change
Earned premiums	$	(1	)	$	1		$	—		$	—		$	—			100	%		—
Fee income		53			53			55			48			52			(2	%)		8	%
Net investment income		16			13			1			(7	)		(6	)		NM			14	%
Net realized capital gains (losses)		(11	)		6			(51	)		(40	)		15			NM			NM

Total revenues		57			73			5			1			61			7	%		NM

Benefits, losses and loss adjustment expenses		1			1			(6	)		1			—			(100	%)		(100	%)
Insurance operating costs and other expenses		60			65			57			20			85			42	%		NM
Interest expense		128			128			128			124			124			(3	%)		—

Total benefits and expenses		189			194			179			145			209			11	%		44	%

Loss from continuing operations before income taxes		(132	)		(121	)		(174	)		(144	)		(148	)		(12	%)		(3	%)

Income tax benefit		(44	)		(47	)		(62	)		(48	)		(52	)		(18	%)		(8	%)

Loss from continuing operations		(88	)		(74	)		(112	)		(96	)		(96	)		(9	%)		—

Add: Income (loss) from discontinued operations [1]		2			(77	)		5			6			—			(100	%)		(100	%)

Net loss		(86	)		(151	)		(107	)		(90	)		(96	)		(12	%)		(7	%)

Less: Net realized capital gains (losses), net of tax and DAC, excluded from core losses		(9	)		9			(29	)		(26	)		12			NM			NM
Less: Income (loss) from discontinued operations [1]		2			(77	)		5			6			—			(100	%)		(100	%)

Core losses	$	(79	)	$	(83	)	$	(83	)	$	(70	)	$	(108	)		(37	%)		(54	%)

[1]	The three months ended June 30, 2011 includes an after-tax charge of $74 related to the disposition of Federal Trust Corporation.

CONSOLIDATED

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX

CONSOLIDATED


	Three Months Ended															Year Over Year			Sequential
	Mar. 31, 2011			Jun. 30, 2011			Sept. 30, 2011			Dec. 31, 2011			Mar. 31, 2012			3 Month Change			3 Month Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	719		$	744		$	711		$	723		$	738			3	%		2	%
Tax-exempt		127			126			125			121			120			(6	%)		(1	%)

Total fixed maturities		846			870			836			844			858			1	%		2	%
Equity securities, trading		803			(597	)		(1,890	)		325			2,866			NM			NM
Equity securities, available-for-sale		11			8			8			9			10			(9	%)		11	%
Mortgage loans		63			67			75			76			79			25	%		4	%
Policy loans		33			34			32			32			30			(9	%)		(6	%)
Limited partnerships and other alternative investments [2]		100			78			67			(2	)		52			(48	%)		NM
Other [3]		81			77			73			70			69			(15	%)		(1	%)

Subtotal		1,937			537			(799	)		1,354			3,964			105	%		193	%
Less: Investment expense		26			30			29			31			28			8	%		(10	%)

Total net investment income [4]	$	1,911		$	507		$	(828	)	$	1,323		$	3,936			106	%		198	%
Less: Equity securities, trading		803			(597	)		(1,890	)		325			2,866			NM			NM

Total net investment income excluding trading securities	$	1,108		$	1,104		$	1,062		$	998		$	1,070			(3	%)		7	%

Annualized investment yield, before-tax [5]		4.6	%		4.6	%		4.3	%		4.0	%		4.3	%		(0.3	)		0.3
Annualized investment yield, after-tax [5]		3.2	%		3.1	%		2.9	%		2.8	%		3.0	%		(0.2	)		0.2

Net Realized Capital Gains (Losses)
Gross gains on sales	$	61		$	261		$	197		$	174		$	259			NM			49	%
Gross losses on sales		(133	)		(98	)		(63	)		(90	)		(97	)		27	%		(8	%)
Net impairment losses		(55	)		(23	)		(60	)		(36	)		(29	)		47	%		19	%
Valuation allowances on mortgage loans		(3	)		26			—			1			1			NM			—
Japanese fixed annuity contract hedges, net [6]		(17	)		6			9			5			(20	)		(18	%)		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(7	)		(2	)		1			(2	)		(5	)		29	%		(150	%)
Results of variable annuity hedge program																				—
U.S. GMWB derivatives, net		56			(33	)		(323	)		(97	)		185			NM			NM
U.S. macro hedge		(84	)		(17	)		106			(221	)		(189	)		(125	%)		14	%

Total U.S. program		(28	)		(50	)		(217	)		(318	)		(4	)		86	%		99	%
International program		(319	)		52			1,132			(90	)		(1,219	)		NM			NM

Total results of variable annuity hedge program		(347	)		2			915			(408	)		(1,223	)		NM			NM

Other net gain (loss) [8]		98			(103	)		(424	)		(30	)		204			108	%		NM

Total net realized capital gains (losses) [9]	$	(403	)	$	69		$	575		$	(386	)	$	(910	)		(126	%)		(136	%)

[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]	Includes $2, $2, $1, $1 and $1 in Corporate as of March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively. Please refer to the basis of presentation for a description of the statutory legal entity view for Corporate.

[5]

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.

[6]	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).

[7]	Included in core earnings.

[8]	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.

[9]	Includes ($2), ($1), $0, ($1) and ($2) in Corporate as of March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX

LIFE [1]


	Three Months Ended															Year Over Year			Sequential
	Mar. 31, 2011			Jun. 30, 2011			Sept. 30, 2011			Dec. 31, 2011			Mar. 31, 2012			3 Month Change			3 Month Change
Net Investment Income (Loss)
Fixed maturities [2]
Taxable	$	541		$	555		$	537		$	541		$	555			3	%		3	%
Tax-exempt		27			26			27			26			26			(4	%)		—

Total fixed maturities		568			581			564			567			581			2	%		2	%
Equity securities, trading		803			(597	)		(1,890	)		325			2,866			NM			NM
Equity securities, available-for-sale		5			4			3			4			5			—			25	%
Mortgage loans		58			59			67			67			69			19	%		3	%
Policy loans		33			34			32			32			30			(9	%)		(6	%)
Limited partnerships and other alternative investments [3]		60			50			52			(3	)		26			(57	%)		NM
Other [4]		70			67			65			59			61			(13	%)		3	%

Subtotal		1,597			198			(1,107	)		1,051			3,638			128	%		NM
Less: Investment expense		20			21			22			22			21			5	%		(5	%)

Total net investment income	$	1,577		$	177		$	(1,129	)	$	1,029		$	3,617			129	%		NM
Less: Equity securities, trading		803			(597	)		(1,890	)		325			2,866			NM			NM

Total net investment income excluding trading securities	$	774		$	774		$	761		$	704		$	751			(3	%)		7	%

Annualized investment yield, before-tax [5]		4.7	%		4.7	%		4.5	%		4.1	%		4.4	%		(0.3	)		0.3
Annualized investment yield, after-tax [5]		3.1	%		3.1	%		3.0	%		2.7	%		2.9	%		(1.8	)		0.2

Net Realized Capital Gains (Losses)
Gross gains on sales	$	36		$	191		$	144		$	123		$	191			NM			55	%
Gross losses on sales		(90	)		(64	)		(31	)		(61	)		(74	)		18	%		(21	%)
Net impairment losses		(41	)		(13	)		(44	)		(35	)		(24	)		41	%		31	%
Valuation allowances on mortgage loans		(3	)		26			—			—			1			NM			—
Japanese fixed annuity contract hedges, net [6]		(17	)		6			9			5			(20	)		(18	%)		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(5	)		—			2			(1	)		(5	)		—			NM
Results of variable annuity hedge program
U.S. GMWB derivatives, net		56			(33	)		(323	)		(97	)		185			NM			NM
U.S. macro hedge		(84	)		(17	)		106			(221	)		(189	)		(125	%)		14	%

Total U.S. program		(28	)		(50	)		(217	)		(318	)		(4	)		86	%		99	%
International program		(319	)		52			1,132			(90	)		(1,219	)		NM			NM

Total results of variable annuity hedge program		(347	)		2			915			(408	)		(1,223	)		NM			NM
Other net gain (loss) [8]		96			(96	)		(355	)		(22	)		185			93	%		NM

Total net realized capital gains (losses)	$	(371	)	$	52		$	640		$	(399	)	$	(969	)		(161	%)		(143	%)

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

[2]	Includes income on short-term bonds.

[3]	Includes income on a real estate joint venture.

[4]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.

[5]

[6]	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).

[7]	Included in core earnings.

[8]	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.

INVESTMENT EARNINGS BEFORE-TAX

PROPERTY & CASUALTY [1]


	Three Months Ended															Year Over Year			Sequential
	Mar. 31, 2011			Jun. 30, 2011			Sept. 30, 2011			Dec. 31, 2011			Mar. 31, 2012			3 Month Change			3 Month Change
Net Investment Income (Loss)
Fixed maturities [2]
Taxable	$	177		$	187		$	174		$	182		$	183			3	%		1	%
Tax-exempt		100			100			98			95			94			(6	%)		(1	%)

Total fixed maturities		277			287			272			277			277			—			—
Equity securities, available-for-sale		5			4			4			4			4			(20	%)		—
Mortgage loans		5			8			8			9			10			100	%		11	%
Limited partnerships and other alternative investments [3]		40			28			15			1			26			(35	%)		NM
Other [4]		11			10			8			11			8			(27	%)		(27	%)

Subtotal		338			337			307			302			325			(4	%)		8	%
Less: Investment expense		6			9			7			9			7			17	%		(22	%)

Total net investment income	$	332		$	328		$	300		$	293		$	318			(4	%)		9	%

Annualized investment yield, before-tax [5]		4.7	%		4.7	%		4.3	%		4.2	%		4.5	%		(0.2	)		0.3
Annualized investment yield, after-tax [5]		3.6	%		3.5	%		3.2	%		3.1	%		3.4	%		(1.3	)		0.3

Net Realized Capital Gains (Losses)
Gross gains on sales	$	25		$	69		$	52		$	51		$	67			168	%		31	%
Gross losses on sales		(43	)		(34	)		(31	)		(29	)		(23	)		47	%		21	%
Net impairment losses		(14	)		(10	)		(16	)		(1	)		(5	)		64	%		NM
Valuation allowances on mortgage loans		—			—			—			1			—			—			(100	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(2	)		(2	)		(1	)		(1	)		—			100	%		100	%
Other net gain (loss) [7]		4			(5	)		(69	)		(7	)		22			NM			NM

Total net realized capital gains (losses)	$	(30	)	$	18		$	(65	)	$	14		$	61			NM			NM

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

[2]	Includes income on short-term bonds.

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

[4]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.

[5]	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.

[6]	Included in core earnings.

[7]	Primarily consists of gains and losses on non-qualifying derivatives and fixed maturities, FVO, and other investment gains and losses.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

CONSOLIDATED


	March 31, 2011					June 30, 2011					September 30, 2011					December 31, 2011					March 31, 2012
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	78,268		60.3	%	$	78,132		59.3	%	$	80,263		59.0	%	$	81,809		60.6	%	$	83,157		62.3	%
Fixed maturities, at fair value using fair value option		1,230		0.9	%		1,227		0.9	%		1,323		1.0	%		1,328		1.0	%		1,291		1.0	%
Equity securities, trading, at fair value [2]		32,339		24.9	%		32,278		24.4	%		30,770		22.6	%		30,499		22.6	%		30,722		23.0	%
Equity securities, available-for-sale, at fair value [3]		993		0.8	%		1,081		0.8	%		989		0.7	%		921		0.7	%		938		0.7	%
Mortgage loans [4]		4,736		3.7	%		5,304		4.0	%		5,590		4.1	%		5,728		4.2	%		6,275		4.7	%
Policy loans, at outstanding balance		2,181		1.7	%		2,188		1.7	%		2,176		1.6	%		2,001		1.5	%		1,970		1.5	%
Limited partnerships and other alternative investments [5]		1,972		1.5	%		2,028		1.5	%		2,506		1.8	%		2,532		1.9	%		2,732		2.0	%
Other investments [6]		640		0.5	%		973		0.7	%		2,857		2.1	%		2,394		1.8	%		1,259		0.9	%
Short-term investments [7]		7,330		5.7	%		8,861		6.7	%		9,704		7.1	%		7,736		5.7	%		5,256		3.9	%

Total investments	$	129,689		100.0	%	$	132,072		100.0	%	$	136,178		100.0	%	$	134,948		100.0	%	$	133,600		100.0	%
Less: Equity securities, trading		32,339		24.9	%		32,278		24.4	%		30,770		22.6	%		30,499		22.6	%		30,722		23.0	%

Total investments excluding trading securities	$	97,350		75.1	%	$	99,794		75.6	%	$	105,408		77.4	%	$	104,449		77.4	%	$	102,878		77.0	%

Asset-backed securities (“ABS”)	$	3,150		4.0	%	$	3,297		4.2	%	$	3,504		4.4	%	$	3,153		3.9	%	$	3,087		3.7	%
Collateralized debt obligations (“CDOs”)		2,674		3.4	%		2,575		3.3	%		2,465		3.1	%		2,487		3.0	%		3,043		3.7	%
Commercial mortgage-backed securities (“CMBS”)		7,709		9.8	%		7,277		9.3	%		6,960		8.7	%		6,951		8.5	%		6,774		8.1	%
Corporate		40,913		52.3	%		41,629		53.2	%		43,316		53.9	%		44,011		53.9	%		43,329		52.2	%
Foreign government/government agencies		1,802		2.3	%		1,864		2.4	%		1,944		2.4	%		2,161		2.6	%		3,352		4.0	%
Municipal—taxable		1,237		1.6	%		1,299		1.7	%		1,649		2.1	%		1,757		2.1	%		2,284		2.7	%
Municipal—tax-exempt		11,090		14.2	%		11,482		14.7	%		11,515		14.3	%		11,503		14.1	%		11,554		13.9	%
Residential mortgage-backed securities (“RMBS”)		5,014		6.4	%		5,214		6.7	%		5,336		6.6	%		5,757		7.0	%		6,595		7.9	%
U.S. Treasuries		4,679		6.0	%		3,495		4.5	%		3,574		4.5	%		4,029		4.9	%		3,139		3.8	%

Total fixed maturities, AFS [8]	$	78,268		100.0	%	$	78,132		100.0	%	$	80,263		100.0	%	$	81,809		100.0	%	$	83,157		100.0	%

U.S. government/government agencies	$	8,947		11.5	%	$	8,073		10.3	%	$	8,423		10.5	%	$	9,364		11.4	%	$	9,193		11.1	%
AAA		10,155		13.0	%		9,409		12.0	%		10,497		13.1	%		10,113		12.4	%		9,712		11.7	%
AA		15,518		19.8	%		15,900		20.4	%		15,921		19.8	%		15,844		19.4	%		16,463		19.8	%
A		19,723		25.2	%		20,470		26.2	%		21,584		26.9	%		21,053		25.7	%		20,773		25.0	%
BBB		20,212		25.8	%		20,568		26.3	%		20,626		25.7	%		21,760		26.6	%		22,664		27.2	%
BB & below		3,713		4.7	%		3,712		4.8	%		3,212		4.0	%		3,675		4.5	%		4,352		5.2	%

Total fixed maturities, AFS [8]	$	78,268		100.0	%	$	78,132		100.0	%	$	80,263		100.0	%	$	81,809		100.0	%	$	83,157		100.0	%

[1]	Includes $275, $25, $1, $153 and $149 in Corporate at March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, 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 $100, $100, $96, $104 and $110 in Corporate at March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively.

[4]	Includes $194, $138, $128, $0 and $0 in Corporate at March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively.

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

[6]	Primarily relates to derivative instruments. Additionally, includes $49, $27, $27, $29 and $26 in Corporate at March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively.

[7]	Includes $1,999, $2,274, $2,293, $1,437 and $1,346 in the Corporate segment at March 31, 2011, June 30, 2011, September 30, 2011, December 31, 2011 and March 31, 2012, respectively.

[8]	Available-for-sale (“AFS”).

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

LIFE [1]


	March 31, 2011					June 30, 2011					September 30, 2011					December 31, 2011					March 31, 2012
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	52,781		53.3	%	$	52,834		52.3	%	$	54,329		51.9	%	$	55,633		53.3	%	$	56,923		55.5	%
Fixed maturities, at fair value using fair value option		1,217		1.2	%		1,214		1.2	%		1,314		1.3	%		1,317		1.3	%		1,279		1.2	%
Equity securities, trading, at fair value [2]		32,339		32.7	%		32,278		31.9	%		30,770		29.4	%		30,499		29.3	%		30,722		29.9	%
Equity securities, available-for-sale, at fair value		523		0.5	%		603		0.6	%		563		0.5	%		515		0.5	%		506		0.5	%
Mortgage loans		4,162		4.2	%		4,578		4.5	%		4,779		4.6	%		4,979		4.8	%		5,380		5.2	%
Policy loans, at outstanding balance		2,181		2.2	%		2,188		2.2	%		2,176		2.1	%		2,001		1.9	%		1,970		1.9	%
Limited partnerships and other alternative investments [3]		985		1.0	%		1,024		1.0	%		1,320		1.3	%		1,318		1.3	%		1,436		1.4	%
Other investments [4]		450		0.5	%		799		0.8	%		2,717		2.6	%		2,244		2.2	%		1,103		1.1	%
Short-term investments		4,398		4.4	%		5,565		5.5	%		6,619		6.3	%		5,641		5.4	%		3,384		3.3	%

Total investments	$	99,036		100.0	%	$	101,083		100.0	%	$	104,587		100.0	%	$	104,147		100.0	%	$	102,703		100.0	%
Less: Equity securities, trading		32,339		32.7	%		32,278		31.9	%		30,770		29.4	%		30,499		29.3	%		30,722		29.9	%

Total investments excluding trading securities	$	66,697		67.3	%	$	68,805		68.1	%	$	73,817		70.6	%	$	73,648		70.7	%	$	71,981		70.1	%

ABS	$	2,655		5.0	%	$	2,732		5.2	%	$	2,778		5.1	%	$	2,491		4.5	%	$	2,379		4.2	%
CDOs		2,144		4.1	%		2,047		3.9	%		1,949		3.6	%		1,968		3.5	%		2,383		4.2	%
CMBS		5,364		10.2	%		4,967		9.4	%		4,715		8.7	%		4,667		8.4	%		4,546		8.0	%
Corporate		31,218		59.0	%		31,595		59.7	%		33,007		60.7	%		33,719		60.6	%		33,621		59.1	%
Foreign government/government agencies		1,200		2.3	%		1,285		2.4	%		1,409		2.6	%		1,605		2.9	%		2,784		4.9	%
Municipal—taxable		1,110		2.1	%		1,167		2.2	%		1,508		2.8	%		1,603		2.9	%		1,950		3.4	%
Municipal—tax-exempt		2,304		4.4	%		2,417		4.6	%		2,500		4.6	%		2,450		4.4	%		2,453		4.3	%
RMBS		3,779		7.2	%		3,738		7.1	%		3,797		7.0	%		4,000		7.2	%		4,694		8.2	%
U.S. Treasuries		3,007		5.7	%		2,886		5.5	%		2,666		4.9	%		3,130		5.6	%		2,113		3.7	%

Total fixed maturities, AFS	$	52,781		100.0	%	$	52,834		100.0	%	$	54,329		100.0	%	$	55,633		100.0	%	$	56,923		100.0	%

U.S. government/government agencies	$	5,939		11.3	%	$	5,869		11.1	%	$	5,806		10.7	%	$	6,509		11.7	%	$	6,121		10.7	%
AAA		6,174		11.7	%		5,747		10.9	%		6,426		11.8	%		6,212		11.2	%		5,952		10.5	%
AA		8,208		15.6	%		8,152		15.4	%		8,498		15.6	%		8,353		15.0	%		9,044		15.9	%
A		14,551		27.5	%		14,873		28.2	%		15,798		29.1	%		15,528		27.8	%		15,574		27.4	%
BBB		14,854		28.1	%		15,218		28.8	%		15,165		27.9	%		16,108		29.0	%		16,775		29.4	%
BB & below		3,055		5.8	%		2,975		5.6	%		2,636		4.9	%		2,923		5.3	%		3,457		6.1	%

Total fixed maturities, AFS	$	52,781		100.0	%	$	52,834		100.0	%	$	54,329		100.0	%	$	55,633		100.0	%	$	56,923		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]


	March 31,					June 30,					September 30,					December 31,					March 31,
	2011					2011					2011					2011					2012
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	25,212		90.0	%	$	25,273		88.9	%	$	25,933		89.3	%	$	26,023		89.5	%	$	26,085		89.2	%
Fixed maturities, at fair value using fair value option		13		—			13		0.1	%		9		—			11		—			12		—
Equity securities, available-for-sale, at fair value		370		1.3	%		378		1.3	%		330		1.1	%		302		1.0	%		322		1.1	%
Mortgage loans		380		1.4	%		588		2.1	%		683		2.4	%		749		2.6	%		895		3.1	%
Limited partnerships and other alternative investments [2]		987		3.5	%		1,004		3.5	%		1,186		4.1	%		1,214		4.2	%		1,296		4.4	%
Other investments [3]		141		0.5	%		147		0.5	%		113		0.4	%		121		0.4	%		130		0.4	%
Short-term investments		933		3.3	%		1,022		3.6	%		792		2.7	%		658		2.3	%		526		1.8	%

Total investments	$	28,036		100.0	%	$	28,425		100.0	%	$	29,046		100.0	%	$	29,078		100.0	%	$	29,266		100.0	%

ABS	$	495		2.0	%	$	565		2.2	%	$	726		2.8	%	$	651		2.5	%	$	660		2.5	%
CDOs		530		2.1	%		528		2.1	%		516		2.0	%		519		2.0	%		660		2.5	%
CMBS		2,345		9.3	%		2,310		9.1	%		2,245		8.7	%		2,284		8.8	%		2,228		8.5	%
Corporate		9,695		38.5	%		10,034		39.7	%		10,309		39.7	%		10,292		39.5	%		9,708		37.2	%
Foreign government/government agencies		602		2.4	%		579		2.3	%		535		2.1	%		551		2.1	%		561		2.2	%
Municipal—taxable		127		0.5	%		132		0.5	%		141		0.5	%		154		0.6	%		334		1.3	%
Municipal—tax-exempt		8,783		34.8	%		9,061		35.9	%		9,015		34.8	%		9,053		34.8	%		9,101		34.9	%
RMBS		1,215		4.8	%		1,456		5.8	%		1,538		5.9	%		1,757		6.8	%		1,901		7.3	%
U.S. Treasuries		1,420		5.6	%		608		2.4	%		908		3.5	%		762		2.9	%		932		3.6	%

Total fixed maturities, AFS	$	25,212		100.0	%	$	25,273		100.0	%	$	25,933		100.0	%	$	26,023		100.0	%	$	26,085		100.0	%

U.S. government/government agencies	$	2,737		10.9	%	$	2,183		8.6	%	$	2,617		10.1	%	$	2,718		10.4	%	$	2,978		11.4	%
AAA		3,981		15.8	%		3,662		14.5	%		4,071		15.7	%		3,889		14.9	%		3,712		14.2	%
AA		7,308		28.9	%		7,745		30.7	%		7,423		28.6	%		7,487		28.8	%		7,412		28.4	%
A		5,170		20.5	%		5,596		22.1	%		5,785		22.3	%		5,525		21.3	%		5,199		19.9	%
BBB		5,358		21.3	%		5,350		21.2	%		5,461		21.1	%		5,652		21.7	%		5,889		22.7	%
BB & below		658		2.6	%		737		2.9	%		576		2.2	%		752		2.9	%		895		3.4	%

Total fixed maturities, AFS	$	25,212		100.0	%	$	25,273		100.0	%	$	25,933		100.0	%	$	26,023		100.0	%	$	26,085		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


	March 31, 2012							December 31, 2011
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss [1] [2]			Cost		Value		Loss [1] [2]
Total AFS Securities

Three months or less	$	6,209	$	6,069	$	(140	)	$	3,933	$	3,672	$	(261	)
Greater than three months to six months		1,325		1,111		(214	)		2,617		2,517		(100	)
Greater than six months to nine months		979		953		(26	)		1,181		1,097		(84	)
Greater than nine months to eleven months		602		575		(27	)		106		95		(11	)
Twelve months or more		10,808		8,955		(1,811	)		11,613		9,324		(2,218	)

Total	$	19,923	$	17,663	$	(2,218	)	$	19,450	$	16,705	$	(2,674	)

[1]

As of March 31, 2012, fixed maturities, AFS, represented $2,086, or 94%, 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 March 31, 2012 and December 31, 2011.

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTED ASSET EXPOSURES

AS OF MARCH 31, 2012


	Cost or				Percent of Total
	Amortized Cost		Fair Value		Invested Assets [1]
Top Ten Corporate and Equity, AFS, Exposures by Sector
Utilities	$	8,571	$	9,291		9.0	%
Financial services		7,743		7,643		7.5	%
Consumer non-cyclical		5,632		6,223		6.0	%
Technology and communications		4,339		4,710		4.6	%
Basic industry		4,178		4,485		4.4	%
Energy		3,631		3,968		3.9	%
Capital goods		3,319		3,625		3.5	%
Consumer cyclical		2,196		2,389		2.3	%
Transportation		1,362		1,472		1.4	%
Other		413		461		0.4	%

Total	$	41,384	$	44,267		43.0	%

Top Ten Exposures by Issuer [2]
Government of Japan [3]	$	2,464	$	2,450		2.3	%
Government of United Kingdom		450		468		0.5	%
State of California		416		444		0.4	%
JP Morgan Money Market Fund		422		422		0.4	%
National Grid PLC		348		392		0.4	%
AT&T Inc.		335		387		0.4	%
State of Illinois		374		382		0.4	%
General Electric Co.		376		319		0.3	%
Pfizer Inc.		271		310		0.3	%
State of Massachusetts		275		307		0.3	%

Total	$	5,731	$	5,881		5.7	%

[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.

[3]	These securities are included in short-term investments, fixed maturities, available-for-sale, and fixed maturities, fair value option on the Company’s Consolidating Balance Sheets.

HARTFORD FINANCIAL SERVICES GROUP, INC. - FORM 8-K - EX-99.2 - May 2, 2012

Attached files

HARTFORD FINANCIAL SERVICES GROUP, INC. Reports