The Hartford Financial Services Group, Inc. (HIG) 8-K Results of Operations and Financial Condition

Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

JUNE 30, 2005

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:
690 Asylum Avenue
Hartford, CT 06105

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

Contacts:
Kimberly Johnson
Vice President
Investor Relations
Phone (860) 547-6781

Greg Schroeter
Assistant Vice President
Investor Relations
Phone (860) 547-9140

Roza Kogan
Senior Analyst
Investor Relations
Phone (860) 547-5748

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

As of August 3, 2005

	A.M. Best		Fitch		Standard & Poor’s		Moody’s
Insurance Financial Strength Ratings:
Hartford Fire		A+	AA		AA-		Aa3
Hartford Life Insurance Company		A+	AA		AA-		Aa3
Hartford Life & Accident		A+	AA		AA-		Aa3
Hartford Life Group Insurance Company		A+	AA			—		—
Hartford Life & Annuity		A+	AA		AA-		Aa3
Hartford Life Insurance KK		—		—	AA-			—
Hartford Life Limited (IRL)		—		—	AA-			—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt		a-		A		A-		A3
Commercial paper	AMB-2			F1		A-2		P-2
Hartford Life, Inc.:
Senior debt		a-		A		A-		A3
Commercial paper	AMB-1			F1		A-2		P-2

TRANSFER AGENT

The Bank of New York
Shareholder Relations Department — 12E
P.O. Box 11258
Church Street Station
New York, NY 10286
1 (800) 524-4458

COMMON STOCK

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

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

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

	Basis of Presentation	i, ii
CONSOLIDATED	Consolidated Financial Results	C-1
	Operating Results by Segment	C-2
	Analysis of Operating Results by Segment	C-2a
	Consolidating Statements of Operations
	Three Months Ended June 30, 2005 and 2004	C-3
	Six Months Ended June 30, 2005 and 2004	C-4
	Consolidating Balance Sheets
	As of June 30, 2005 and December 31, 2004	C-5
	Capital Structure	C-6
	Accumulated Other Comprehensive Income	C-7
	Computation of Basic and Diluted Earnings Per Share	C-8
	Computation of Return-on-Equity Measures	C-9
	Weighted Average Share Analysis	C-10
LIFE
	Financial Highlights	L-1
	Operating Results	L-2
	Total Assets Under Management	L-3
	Consolidated Balance Sheets	L-4
	Deferred Policy Acquisition Costs and Present Value of Future Profits	L-5
	Supplemental Data — Annuity Death and Income Benefits	L-6
	Reinsurance Recoverable Analysis
	As of March 31, 2005	L-7
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	L-8
	Retail Products Group
	Income Statements
	Individual Annuity	L-9
	Other	L-10
	Supplemental Data
	Sales/Other Deposits	L-11
	Assets Under Management	L-12
	Individual Annuity — Account Value Rollforward	L-13
	Other — Account Value Rollforward	L-14
	Institutional Solutions Group
	Income Statements	L-15
	Supplemental Data
	Sales/Other Deposits	L-16
	Assets Under Management	L-17
	Account Value and Asset Rollforward	L-18
	Individual Life
	Income Statements	L-19
	Supplemental Data	L-20
	Account Value Rollforward	L-21
	Group Benefits
	Income Statements	L-22
	Supplemental Data	L-23
	International — Japan Supplemental Data	L-24
PROPERTY &	Financial Highlights	PC-1
CASUALTY	Operating Results	PC-2
	Consolidating Underwriting Results
	Three Months Ended June 30, 2005	PC-3
	Six Months Ended June 30, 2005	PC-4
	Ongoing Property & Casualty Underwriting Results	PC-5
	Business Insurance Underwriting Results	PC-6
	Business Insurance Written and Earned Premiums	PC-7
	Personal Lines Underwriting Results	PC-8
	Personal Lines Written and Earned Premiums	PC-9
	Specialty Commercial Underwriting Results	PC-10
	Specialty Commercial Written and Earned Premiums	PC-11
	Statistical Premium Information (Year over Year)	PC-12
	Other Operations Underwriting Results	PC-13
	Other Operations Claims and Claim Adjustment Expenses	PC-14
	Summary of Gross Asbestos Reserves	PC-15
	Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-16
	Unpaid Claims and Claim Adjustment Expense Reserve Rollforward
	Three Months Ended June 30, 2005 and 2004	PC-17
	Six Months Ended June 30, 2005 and 2004	PC-18
	Reinsurance Recoverable Analysis	PC-19
	Consolidated Income Statements	PC-20
	Consolidated Balance Sheets	PC-21
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-22
INVESTMENTS	General Account — Investment Earnings Before-tax
	Consolidated	I-1
	Life	I-2
	Property & Casualty	I-3
	Corporate	I-4
	Composition of Invested Assets
	Consolidated	I-5
	Life	I-6
	Property & Casualty	I-7
	Unrealized Loss Aging
	Consolidated	I-8
	Life	I-9
	Property & Casualty	I-10
	Invested Asset Exposures
	As of June 30, 2005	I-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION

     DEFINITIONS AND PRESENTATION

• All amounts are in millions, except for per share and ratio information.

• Life is organized into four reportable operating segments: Retail Products Group, Institutional Solutions Group, Individual Life and Group Benefits. Life also includes in an Other category its international operations, which are located primarily in Japan and Brazil; net realized capital gains and losses other than net realized capital gains and losses related to guaranteed minimum withdrawal benefits; corporate items not directly allocated to any of its reportable operating segments; and intersegment eliminations. Net realized capital gains and losses related to guaranteed minimum withdrawal benefits are reflected in each applicable segment in net realized capital gains and losses.

• Property and Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of the Business Insurance, Personal Lines and Specialty Commercial segments. Other Operations includes the underwriting results of certain property and casualty insurance operations that have discontinued writing new business and substantially all of the Company’s asbestos and environmental exposures. Property & Casualty includes the underwriting results of Ongoing Operations and Other Operations along with income and expense items not directly allocated to the Company’s property and casualty segments, such as net investment income, net servicing income, net realized capital gains and losses, other expenses and income taxes.

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

• Certain operating and statistical measures have been incorporated herein to provide supplemental data that indicate trends in The Hartford’s current business. These measures include sales, account value, insurance in-force and premium renewal retention. Premium renewal 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 claims and claim 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, claims and claim 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; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and minimum pension liability adjustment.

• Assets under management is an internal performance 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, correspondingly, in the level of assets under management.

• Investment yield, before- or after-tax, is calculated by dividing before- or after-tax, respectively, annualized net investment income (excluding net realized capital gains (losses) and change in fair value of trading securities) by average invested assets at cost (fixed maturities at amortized cost, excluding trading securities).

• Certain reclassifications have been made to the prior periods to conform to the June 30, 2005 presentation. Specifically, the Company reclassified amounts assessed against certain contractholder balances during the three and six months ended June 30, 2004 from net investment income to fee income.

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

i

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 operating income as an important measure of the Company’s operating performance. Operating income is net income, before the after-tax effect of net realized capital gains and losses and the cumulative effect of accounting changes. The Company believes operating income provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it excludes the effect of realized capital gains and losses, which tend to be highly variable from period to period and are primarily based on market conditions unrelated to the Company’s insurance operations. Net income is the most directly comparable GAAP measure. A reconciliation of net income to operating income for the periods presented herein is set forth at page C-8. Operating income per share is calculated based on a non-GAAP financial measure. Net income per share is the most directly comparable GAAP measure. A reconciliation of net income per share to operating income per share for the periods presented herein is set forth at page C-8.

• The Hartford uses the non-GAAP financial measure operating income, before tax related items, to further enhance investor understanding of the Company’s ongoing businesses by eliminating the effects of tax related items because these items are highly variable from period to period. Net income is the most directly comparable GAAP measure. A reconciliation of net income to operating income, before tax related items, for the periods presented herein is set forth at page C-8. Operating income, before tax related items, per share is calculated based on a non-GAAP financial measure. Net income per share is the most directly comparable GAAP measure. A reconciliation of net income per share to operating income, before tax related items, per share for the periods presented herein is set forth at page C-8.

• Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s property-casualty operations. Because written premiums represents the amount of premium charged for policies issued during a fiscal period, The Hartford believes it is useful to investors because it reflects current trends in The Hartford’s sale of property-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.

• Book value per share excluding AOCI is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) stockholders’ equity excluding AOCI, net of tax, by (b) common shares outstanding. The Hartford provides book value per 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 share excluding AOCI is useful to investors because it eliminates the effect of items which typically fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per share is the most directly comparable GAAP measure. A reconciliation of book value per share to book value per share excluding AOCI for the periods presented herein is set forth at page C-1.

• The Hartford provides several different measures of the return on equity (“ROE”) of the Company. Two return-on-equity measures, ROE (operating income last twelve months to equity excluding AOCI) and ROE (operating income, before tax related items and Bancorp litigation, last twelve months to equity excluding AOCI), are calculated based on non-GAAP financial measures. ROE (operating income last twelve months to equity excluding AOCI) is calculated by dividing (a) operating income for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. ROE (operating income, before tax related items and Bancorp litigation, last twelve months to equity excluding AOCI) is calculated by dividing (a) operating income, before tax related items and Bancorp litigation, for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non-GAAP operating income 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 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 equity including AOCI) is set forth at page C-9.

ii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED FINANCIAL RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
HIGHLIGHTS
Net income	$	433		$	494		$	620		$	666		$	602			39	%		(10	%)	$	1,001		$	1,268			27	%
Operating income [1]	$	403		$	468		$	596		$	583		$	613			52	%		5	%	$	904		$	1,196			32	%
Operating income, before tax related items [1]	$	403		$	252		$	596		$	583		$	613			52	%		5	%	$	904		$	1,196			32	%
Total revenues	$	5,444		$	5,416		$	6,101		$	5,991		$	6,057			11	%		1	%	$	11,176		$	12,048			8	%
Total assets	$	240,219		$	246,489		$	259,735		$	261,420		$	268,382			12	%		3	%
Total assets under management [2]	$	268,526		$	274,961		$	291,696		$	293,311		$	302,625			13	%		3	%
PER SHARE AND SHARES DATA
Basic earnings per share
Net income	$	1.48		$	1.68		$	2.11		$	2.26		$	2.03			37	%		(10	%)	$	3.44		$	4.28			24	%
Operating income [1]	$	1.38		$	1.60		$	2.03		$	1.98		$	2.06			49	%		4	%	$	3.11		$	4.04			30	%
Operating income, before tax related items [1]	$	1.38		$	0.86		$	2.03		$	1.98		$	2.06			49	%		4	%	$	3.11		$	4.04			30	%
Diluted earnings per share
Net income	$	1.46		$	1.66		$	2.08		$	2.21		$	1.98			36	%		(10	%)	$	3.38		$	4.19			24	%
Operating income [1]	$	1.35		$	1.57		$	2.00		$	1.93		$	2.02			50	%		5	%	$	3.05		$	3.95			30	%
Operating income, before tax related items [1]	$	1.35		$	0.85		$	2.00		$	1.93		$	2.02			50	%		5	%	$	3.05		$	3.95			30	%
Weighted average common shares outstanding (basic)		292.3			293.2			293.8			294.8			297.1			4.8	sh		2.3	sh		291.1			296.0			4.9	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		297.5			297.5			298.1			301.3			303.9			6.4	sh		2.6	sh		296.2			302.6			6.4	sh
Common shares outstanding		293.0			293.5			294.2			296.5			298.7			5.7	sh		2.2	sh		293.0			298.7			5.7	sh
Book value per share	$	41.89		$	46.51		$	48.40		$	47.93		$	52.19			25	%		9	%
Per share impact of AOCI	$	1.63		$	4.81		$	4.85		$	2.33		$	4.75			191	%		104	%
Book value per share (excluding AOCI)	$	40.26		$	41.70		$	43.55		$	45.60		$	47.44			18	%		4	%
FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [3]		15.1	%		15.6	%		16.3	%		16.0	%		17.1	%		2.0			1.1
ROE (operating income last 12 months to equity excluding AOCI) [3]		15.6	%		16.2	%		17.0	%		16.5	%		17.4	%		1.8			0.9
ROE (operating income, before tax related items and Bancorp litigation, last 12 months to equity excluding AOCI) [3]		15.9	%		14.3	%		15.1	%		14.7	%		15.7	%		(0.2	)		1.0
Debt to capitalization including AOCI		28.6	%		26.5	%		25.7	%		25.7	%		23.1	%		(5.5	)		(2.6	)
Investment yield, after-tax		3.9	%		3.9	%		3.9	%		3.9	%		3.8	%		(0.1	)		(0.1	)		3.9	%		3.8	%		(0.1	)
Ongoing Property & Casualty GAAP combined ratio		91.4			108.9			90.2			88.6			87.0			4.4			1.6			90.6			87.8			2.8

[1]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax. See p. C-8 for reconciliation of net income to operating income and to operating income, before tax related items.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-5).
[3]	See p. C-9 for a computation of return-on-equity measures.

C-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

OPERATING RESULTS BY SEGMENT

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Life
Retail Products Group
Individual Annuity	$	112		$	127		$	132		$	134		$	141			26	%		5	%	$	224		$	275			23	%
Other Retail [1]		14			13			17			18			(6	)	NM			NM				29			12			(59	%)
Total Retail Products Group		126			140			149			152			135			7	%		(11	%)		253			287			13	%
Institutional Solutions Group		28			33			35			40			32			14	%		(20	%)		57			72			26	%
Individual Life		37			44			39			39			39			5	%		—			71			78			10	%
Group Benefits		48			70			64			59			64			33	%		8	%		95			123			29	%
Other [2]		14			19			20			(52	)		17			21	%	NM				33			(35	)	NM
Life operating income, before tax related items [3]		253			306			307			238			287			13	%		21	%		509			525			3	%
Tax related items		—			190			—			—			—			—			—			—			—			—
Total Life operating income [3]		253			496			307			238			287			13	%		21	%		509			525			3	%
Property & Casualty
Ongoing Operations Underwriting Results
Business Insurance		97			(25	)		63			118			141			45	%		19	%		322			259			(20	%)
Personal Lines		75			(137	)		94			127			188			151	%		48	%		181			315			74	%
Specialty Commercial		29			(58	)		86			40			5			(83	%)		(88	%)		(81	)		45		NM
Total Ongoing Operations underwriting results		201			(220	)		243			285			334			66	%		17	%		422			619			47	%
Other Operations underwriting results [4]		(214	)		(110	)		(59	)		(28	)		(110	)		49	%	NM				(279	)		(138	)		51	%
Total Property & Casualty underwriting results		(13	)		(330	)		184			257			224		NM				(13	%)		143			481		NM
Net investment income		295			309			333			337			328			11	%		(3	%)		606			665			10	%
Periodic net coupon settlements on non-qualifying derivatives, before-tax		3			1			1			—			—			(100	%)		—			7			—			(100	%)
Net servicing and other income		21			10			2			13			15			(29	%)		15	%		30			28			(7	%)
Other expenses		(60	)		(53	)		(54	)		(60	)		(39	)		35	%		35	%		(128	)		(99	)		23	%
Income tax (expense) benefit		(58	)		50			(135	)		(161	)		(159	)		(174	%)		1	%		(173	)		(320	)		(85	%)
Property & Casualty operating income (loss), before tax related items [3]		188			(13	)		331			386			369			96	%		(4	%)		485			755			56	%
Tax related items		—			26			—			—			—			—			—			—			—			—
Total Property & Casualty operating income [3]		188			13			331			386			369			96	%		(4	%)		485			755			56	%
Interest and Other Corporate		(38	)		(41	)		(42	)		(41	)		(43	)		(13	%)		(5	%)		(90	)		(84	)		7	%
Operating income, before tax related items [3]		403			252			596			583			613			52	%		5	%		904			1,196			32	%
Tax related items		—			216			—			—			—			—			—			—			—			—
Operating income [3]		403			468			596			583			613			52	%		5	%		904			1,196			32	%
Add: Net realized capital gains (losses), after-tax [3]		30			26			24			83			(11	)	NM			NM				120			72			(40	%)
Add: Cumulative effect of accounting change, after-tax		—			—			—			—			—			—			—			(23	)		—			100	%
Net income	$	433		$	494		$	620		$	666		$	602			39	%		(10	%)	$	1,001		$	1,268			27	%
PER SHARE DATA [5]
Diluted earnings per share
Operating income, before tax related items	$	1.35		$	0.85		$	2.00		$	1.93		$	2.02			50	%		5	%	$	3.05		$	3.95			30	%
Operating income	$	1.35		$	1.57		$	2.00		$	1.93		$	2.02			50	%		5	%	$	3.05		$	3.95			30	%
Net income	$	1.46		$	1.66		$	2.08		$	2.21		$	1.98			36	%		(10	%)	$	3.38		$	4.19			24	%

[1]	Included in the three and six months ended June 30, 2005 is an expense of $24, after-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[2]	Included in the three months ended March 31, 2005 and six months ended June 30, 2005 is a charge of $66 to reserve for investigations related to market timing by the SEC and New York Attorney General’s Office and directed brokerage by the SEC.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.
[4]	The three and six months ended June 30, 2005 includes assumed casualty reinsurance reserve strengthening of $73. The six months ended June 30, 2004 includes a net reserve release of $97 related to September 11th and an increase of $130 for assumed casualty reinsurance reserves. The three and six months ended June 30, 2004 includes a provision of $181 associated with the evaluation of the reinsurance recoverable asset. The three months ended September 30, 2004 includes $75 of environmental reserve strengthening.
[5]	See p. C-8 for reconciliation of net income to operating income and to operating income, before tax related items.

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

OPERATING RESULTS BY SEGMENT

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Life
Retail Products Group
Individual Annuity	$	112		$	127		$	132		$	134		$	141			26	%		5	%	$	224		$	275			23	%
Other Retail [1]		14			13			17			18			(6	)	NM			NM				29			12			(59	%)
Total Retail Products Group		126			140			149			152			135			7	%		(11	%)		253			287			13	%
Institutional Solutions Group		28			33			35			40			32			14	%		(20	%)		57			72			26	%
Individual Life		37			44			39			39			39			5	%		—			71			78			10	%
Group Benefits		48			70			64			59			64			33	%		8	%		95			123			29	%
Other [2]		14			19			20			(52	)		17			21	%	NM				33			(35	)	NM
Life operating income, before tax related items [3]		253			306			307			238			287			13	%		21	%		509			525			3	%
Tax related items		—			190			—			—			—			—			—			—			—			—
Total Life operating income [3]		253			496			307			238			287			13	%		21	%		509			525			3	%
Property & Casualty
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development [4]:
Business Insurance		124			108			115			135			140			13	%		4	%		223			275			23	%
Personal Lines		110			99			87			134			115			5	%		(14	%)		226			249			10	%
Specialty Commercial		36			48			104			55			42			17	%		(24	%)		69			97			41	%
Total Ongoing Operations underwriting results before catastrophes and prior year development		270			255			306			324			297			10	%		(8	%)		518			621			20	%
Catastrophe impacts, excluding prior year development [5]		(53	)		(422	)		(28	)		(33	)		(37	)		30	%		(12	%)		(89	)		(70	)		21	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		(4	)		17			—			(13	)		(8	)		(100	%)		38	%		297			(21	)	NM
Other loss and loss adjustment expenses		(12	)		(70	)		(35	)		7			82		NM			NM				(214	)		89		NM
Prior year earned premium adjustment on retrospectively rated policies		—			—			—			—			—			—			—			(90	)		—			100	%
Total Ongoing Operations underwriting results		201			(220	)		243			285			334			66	%		17	%		422			619			47	%
Other Operations underwriting results [6]		(214	)		(110	)		(59	)		(28	)		(110	)		49	%	NM				(279	)		(138	)		51	%
Total Property & Casualty underwriting results		(13	)		(330	)		184			257			224		NM				(13	%)		143			481		NM
Net investment income		295			309			333			337			328			11	%		(3	%)		606			665			10	%
Periodic net coupon settlements on non-qualifying derivatives, before-tax		3			1			1			—			—			(100	%)		—			7			—			(100	%)
Net servicing and other income		21			10			2			13			15			(29	%)		15	%		30			28			(7	%)
Other expenses		(60	)		(53	)		(54	)		(60	)		(39	)		35	%		35	%		(128	)		(99	)		23	%
Income tax (expense) benefit		(58	)		50			(135	)		(161	)		(159	)		(174	%)		1	%		(173	)		(320	)		(85	%)
Property & Casualty operating income (loss), before tax related items [3]		188			(13	)		331			386			369			96	%		(4	%)		485			755			56	%
Tax related items		—			26			—			—			—			—			—			—			—			—
Total Property & Casualty operating income [3]		188			13			331			386			369			96	%		(4	%)		485			755			56	%
Interest and Other Corporate		(38	)		(41	)		(42	)		(41	)		(43	)		(13	%)		(5	%)		(90	)		(84	)		7	%
Operating income, before tax related items [3]		403			252			596			583			613			52	%		5	%		904			1,196			32	%
Tax related items		—			216			—			—			—			—			—			—			—			—
Operating income [3]		403			468			596			583			613			52	%		5	%		904			1,196			32	%
Add: Net realized capital gains (losses), after-tax [3]		30			26			24			83			(11	)	NM			NM				120			72			(40	%)
Add: Cumulative effect of accounting change, after-tax		—			—			—			—			—			—			—			(23	)		—			100	%
Net income	$	433		$	494		$	620		$	666		$	602			39	%	��	(10	%)	$	1,001		$	1,268			27	%

[1]	Included in the three and six months ended June 30, 2005 is an expense of $24, after-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[2]	Included in the three months ended March 31, 2005 and six months ended June 30, 2005 is a charge of $66 to reserve for investigations related to market timing by the SEC and New York Attorney General’s Office and directed brokerage by the SEC.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.
[4]	Adjusted to exclude catastrophe losses, prior year loss development and, for the six months ended June 30, 2004, a decrease in estimated earned premiums on retrospectively-rated policies. Underwriting results before catastrophes and prior year development is a non-GAAP financial measure because it excludes the effects of catastrophes, prior year development and the reduction in earned premiums relating to retrospectively-rated policies. The Company has included this item as an additional measure of the performance of the Company’s Property & Casualty current operations, because it excludes the effect of items relating to prior periods. A reconciliation of the adjusted underwriting results to the Company’s GAAP underwriting results is set forth above.
[5]	Catastrophe impacts for the three months ended September 30, 2004 include reinstatement premium of $17 and losses of $133 from Hurricane Charley, $113 from Hurricane Frances, $65 from Hurricane Ivan, and $100 from Hurricane Jeanne.
[6]	The three and six months ended June 30, 2005 includes assumed casualty reinsurance reserve strengthening of $73. The six months ended June 30, 2004 includes a net reserve release of $97 related to September 11th and an increase of $130 for assumed casualty reinsurance reserves. The three and six months ended June 30, 2004 includes a provision of $181 associated with the evaluation of the reinsurance recoverable asset. The three months ended September 30, 2004 includes $75 of environmental reserve strengthening. The three months ended December 31, 2004 includes an increase of $40 for assumed casualty reinsurance reserves.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2005 AND 2004

	LIFE								PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	2005			2004		Change			2005		2004		Change			2005			2004			Change			2005			2004		Change
Earned premiums	$	1,047		$	970		8	%	$	2,578	$	2,353		10	%	$	—		$	—			—		$	3,625		$	3,323		9	%
Fee income		960			838		15	%		—		—		—			3			3			—			963			841		15	%
Net investment income		1,036			810		28	%		328		295		11	%		6			5			20	%		1,370			1,110		23	%
Other revenues		—			—		—			115		117		(2	%)		1			1			—			116			118		(2	%)
Net realized capital gains (losses)		(16	)		26	NM				—		27		(100	%)		(1	)		(1	)		—			(17	)		52	NM
Total revenues		3,027			2,644		14	%		3,021		2,792		8	%		9			8			13	%		6,057			5,444		11	%
Benefits, claims and claim adjustment expenses		1,756			1,531		15	%		1,688		1,756		(4	%)		2			1			100	%		3,446			3,288		5	%
Amortization of deferred policy acquisition costs and present value of future profits		268			233		15	%		494		455		9	%		—			—			—			762			688		11	%
Insurance operating costs and expenses		632			511		24	%		172		155		11	%		—			—			—			804			666		21	%
Interest expense		—			—		—			—		—		—			64			62			3	%		64			62		3	%
Other expenses		7			3		133	%		139		156		(11	%)		8			4			100	%		154			163		(6	%)
Total benefits and expenses		2,663			2,278		17	%		2,493		2,522		(1	%)		74			67			10	%		5,230			4,867		7	%
Income (loss) before income taxes		364			366		(1	%)		528		270		96	%		(65	)		(59	)		(10	%)		827			577		43	%
Income tax expense (benefit)		88			97		(9	%)		159		67		137	%		(22	)		(20	)		(10	%)		225			144		56	%
Net income (loss)		276			269		3	%		369		203		82	%		(43	)		(39	)		(10	%)		602			433		39	%
Less: Net realized capital gains (losses), after-tax		(11	)		16	NM				—		15		(100	%)		—			(1	)		100	%		(11	)		30	NM
Operating income (loss) [1]	$	287		$	253		13	%	$	369	$	188		96	%	$	(43	)	$	(38	)		(13	%)	$	613		$	403		52	%

[1] For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2005 AND 2004

	LIFE								PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	2005		2004			Change			2005		2004		Change			2005			2004			Change			2005		2004			Change
Earned premiums	$	2,046	$	1,965			4	%	$	5,085	$	4,539		12	%	$	—		$	—			—		$	7,131	$	6,504			10	%
Fee income		1,910		1,663			15	%		—		—		—			5			3			67	%		1,915		1,666			15	%
Net investment income		1,986		1,972			1	%		665		606		10	%		12			10			20	%		2,663		2,588			3	%
Other revenues		—		—			—			227		221		3	%		1			1			—			228		222			3	%
Net realized capital gains (losses)		65		102			(36	%)		48		98		(51	%)		(2	)		(4	)		50	%		111		196			(43	%)
Total revenues		6,007		5,702			5	%		6,025		5,464		10	%		16			10			60	%		12,048		11,176			8	%
Benefits, claims and claim adjustment expenses [1]		3,495		3,408			3	%		3,302		3,174		4	%		4			3			33	%		6,801		6,585			3	%
Amortization of deferred policy acquisition costs and present value of future profits		548		466			18	%		986		901		9	%		—			—			—			1,534		1,367			12	%
Insurance operating costs and expenses		1,203		1,037			16	%		316		321		(2	%)		—			—			—			1,519		1,358			12	%
Interest expense		—		—			—			—		—		—			127			128			(1	%)		127		128			(1	%)
Other expenses		13		4		NM				298		319		(7	%)		15			20			(25	%)		326		343			(5	%)
Total benefits and expenses		5,259		4,915			7	%		4,902		4,715		4	%		146			151			(3	%)		10,307		9,781			5	%
Income (loss) before income taxes and cumulative effect of accounting change		748		787			(5	%)		1,123		749		50	%		(130	)		(141	)		8	%		1,741		1,395			25	%
Income tax expense (benefit)		181		214			(15	%)		337		205		64	%		(45	)		(48	)		6	%		473		371			27	%
Income (loss) before cumulative effect of accounting changes		567		573			(1	%)		786		544		44	%		(85	)		(93	)		9	%		1,268		1,024			24	%
Cumulative effect of accounting changes, after-tax [2]		—		(23	)		100	%		—		—		—			—			—			—			—		(23	)		100	%
Net income (loss)		567		550			3	%		786		544		44	%		(85	)		(93	)		9	%		1,268		1,001			27	%
Less: Net realized capital gains (losses), after-tax		42		64			(34	%)		31		59		(47	%)		(1	)		(3	)		67	%		72		120			(40	%)
Less: Cumulative effect of accounting changes, after-tax		—		(23	)		100	%		—		—		—			—			—			—			—		(23	)		100	%
Operating income (loss) [3]	$	525	$	509			3	%	$	755	$	485		56	%	$	(84	)	$	(90	)		7	%	$	1,196	$	904			32	%

[1]	Property & Casualty includes $181 in 2004 resulting from the evaluation of the reinsurance recoverable asset associated with older, long-term casualty liabilities reported in the Other Operations segment.
[2]	Represents the cumulative effect of the Company’s adoption of SOP 03-1.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS
AS OF JUNE 30, 2005 AND DECEMBER 31, 2004

	LIFE									PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	June 30,			Dec. 31,						June 30,		Dec. 31,					June 30,			Dec. 31,						June 30,		Dec. 31,
	2005			2004			Change			2005		2004		Change			2005			2004			Change			2005		2004		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	51,723		$	50,531			2	%	$	24,550	$	24,410		1	%	$	281		$	159			77	%	$	76,554	$	75,100		2	%
Equity securities, trading, at fair value		17,955			13,634			32	%		—		—		—			—			—			—			17,955		13,634		32	%
Equity securities, available-for-sale, at fair value		793			525			51	%		589		307		92	%		—			—			—			1,382		832		66	%
Policy loans, at outstanding balance		2,140			2,662			(20	%)		—		—		—			—			—			—			2,140		2,662		(20	%)
Other investments		1,775			1,364			30	%		811		809		—			7			7			—			2,593		2,180		19	%
Total investments		74,386			68,716			8	%		25,950		25,526		2	%		288			166			73	%		100,624		94,408		7	%
Cash		771			933			(17	%)		256		215		19	%		—			—			—			1,027		1,148		(11	%)
Premiums receivable and agents’ balances		418			391			7	%		2,916		2,844		3	%		—			—			—			3,334		3,235		3	%
Reinsurance recoverables		752			993			(24	%)		4,943		5,185		(5	%)		—			—			—			5,695		6,178		(8	%)
Deferred policy acquisition costs and present value of future profits		7,842			7,437			5	%		1,095		1,071		2	%		1			1			—			8,938		8,509		5	%
Deferred income taxes		(979	)		(747	)		(31	%)		738		879		(16	%)		293			287			2%			52		419		(88	%)
Goodwill		796			796			—			152		152		—			772			772			—			1,720		1,720		—
Property and equipment, net		191			182			5	%		466		461		1	%		—			—			—			657		643		2	%
Other assets		1,735			1,711			1	%		1,755		1,685		4	%		71			56			27	%		3,561		3,452		3	%
Separate account assets		142,774			140,023			2	%		—		—		—			—			—			—			142,774		140,023		2	%
Total assets	$	228,686		$	220,435			4	%	$	38,271	$	38,018		1	%	$	1,425		$	1,282			11	%	$	268,382	$	259,735		3	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	12,467		$	12,250			2	%	$	21,104	$	21,329		(1	%)	$	—		$	(4	)		100	%	$	33,571	$	33,575		—
Other policyholder funds and benefits payable		57,481			52,833			9	%		—		—		—			—			—			—			57,481		52,833		9	%
Unearned premiums		57			50			14	%		4,987		4,763		5	%		(6	)		(6	)		—			5,038		4,807		5	%
Debt [1]		—			—			—			—		—		—			4,681			4,929			(5	%)		4,681		4,929		(5	%)
Other liabilities		5,268			5,057			4	%		3,524		3,730		(6	%)		455			543			(16	%)		9,247		9,330		(1	%)
Separate account liabilities		142,774			140,023			2	%		—		—		—			—			—			—			142,774		140,023		2	%
Total liabilities		218,047			210,213			4	%		29,615		29,822		(1	%)		5,130			5,462			(6	%)		252,792		245,497		3	%
Equity excluding AOCI, net of tax		9,366			9,027			4	%		8,080		7,542		7	%		(3,275	)		(3,756	)		13	%		14,171		12,813		11	%
AOCI, net of tax		1,273			1,195			7	%		576		654		(12	%)		(430	)		(424	)		(1	%)		1,419		1,425		—
Total stockholders’ equity		10,639			10,222			4	%		8,656		8,196		6	%		(3,705	)		(4,180	)		11	%		15,590		14,238		9	%
Total liabilities and stockholders’ equity	$	228,686		$	220,435			4	%	$	38,271	$	38,018		1	%	$	1,425		$	1,282			11	%	$	268,382	$	259,735		3	%

[1] Includes junior subordinated debentures.

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month
	2004			2004			2004			2005			2005			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt)	$	622		$	621		$	621		$	622		$	620			—			—
Senior notes		2,583			2,586			2,584			2,581			2,336			(10	%)		(9	%)
Subtotal		3,205			3,207			3,205			3,203			2,956			(8	%)		(8	%)
Equity unit notes		1,020			1,020			1,020			1,020			1,020			—			—
Junior subordinated debentures		698			706			704			699			705			1	%		1	%
Total debt	$	4,923		$	4,933		$	4,929		$	4,922		$	4,681			(5	%)		(5	%)
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	11,795		$	12,240		$	12,813		$	13,521		$	14,171			20	%		5	%
AOCI, net of tax		480			1,410			1,425			690			1,419			196	%		106	%
Total stockholders’ equity	$	12,275		$	13,650		$	14,238		$	14,211		$	15,590			27	%		10	%
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	17,198		$	18,583		$	19,167		$	19,133		$	20,271			18	%		6	%
Total capitalization excluding AOCI, net of tax	$	16,718		$	17,173		$	17,742		$	18,443		$	18,852			13	%		2	%
DEBT TO CAPITALIZATION RATIOS
Ratios Including AOCI
Total debt to capitalization		28.6	%		26.5	%		25.7	%		25.7	%		23.1	%		(5.5	)		(2.6	)
Debt (excluding 75% of equity unit notes) to capitalization [1]		24.2	%		22.4	%		21.7	%		21.7	%		19.3	%		(4.9	)		(2.4	)
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization		18.6	%		17.3	%		16.7	%		16.7	%		14.6	%		(4.0	)		(2.1	)
Ratios Excluding AOCI
Total debt to capitalization		29.4	%		28.7	%		27.8	%		26.7	%		24.8	%		(4.6	)		(1.9	)
Debt (excluding 75% of equity unit notes) to capitalization [1]		24.9	%		24.3	%		23.5	%		22.5	%		20.8	%		(4.1	)		(1.7	)
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization		19.2	%		18.7	%		18.1	%		17.4	%		15.7	%		(3.5	)		(1.7	)

[1] Reflects the treatment of equity units by certain rating agencies in the leverage calculation.

C-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ACCUMULATED OTHER COMPREHENSIVE INCOME

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of June 30, 2005
Fixed maturities unrealized gain	$	1,299		$	671		$	—		$	1,970
Equities unrealized gain		14			44			—			58
Net deferred loss on cash-flow hedging instruments		(17	)		(3	)		—			(20	)
Total unrealized gain		1,296			712			—			2,008
Foreign currency translation adjustments		(23	)		(86	)		—			(109	)
Minimum pension liability adjustment		—			(50	)		(430	)		(480	)
Total accumulated other comprehensive income (loss)	$	1,273		$	576		$	(430	)	$	1,419
As of December 31, 2004
Fixed maturities unrealized gain	$	1,336		$	759		$	6		$	2,101
Equities unrealized gain		13			48			—			61
Net deferred loss on cash-flow hedging instruments		(170	)		(45	)		—			(215	)
Total unrealized gain		1,179			762			6			1,947
Foreign currency translation adjustments		16			(58	)		—			(42	)
Minimum pension liability adjustment		—			(50	)		(430	)		(480	)
Total accumulated other comprehensive income (loss)	$	1,195		$	654		$	(424	)	$	1,425

C-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE

	THREE MONTHS ENDED								SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,			JUNE 30,
	2004		2004		2004		2005		2005			2004			2005
Numerator:
Net income	$	433	$	494	$	620	$	666	$	602		$	1,001		$	1,268
Less: Net realized capital gains (losses), after-tax		30		26		24		83		(11	)		120			72
Less: Cumulative effect of accounting change, after-tax		—		—		—		—		—			(23	)		—
Operating income		403		468		596		583		613			904			1,196
Less: Impact of tax related items		—		216		—		—		—			—			—
Operating income, before tax related items	$	403	$	252	$	596	$	583	$	613		$	904		$	1,196
Denominator:
Weighted average common shares outstanding (basic)		292.3		293.2		293.8		294.8		297.1			291.1			296.0
Dilutive effect of equity units		2.2		1.7		1.7		3.2		3.7			2.0			3.5
Dilutive effect of stock compensation		3.0		2.6		2.6		3.3		3.1			3.1			3.1
Weighted average common shares outstanding and dilutive potential common shares (diluted)		297.5		297.5		298.1		301.3		303.9			296.2			302.6
Basic earnings per share
Net income	$	1.48	$	1.68	$	2.11	$	2.26	$	2.03		$	3.44		$	4.28
Less: Net realized capital gains (losses), after-tax		0.10		0.08		0.08		0.28		(0.03	)		0.41			0.24
Less: Cumulative effect of accounting change, after-tax		—		—		—		—		—			(0.08	)		—
Operating income		1.38		1.60		2.03		1.98		2.06			3.11			4.04
Less: Impact of tax related items		—		0.74		—		—		—			—			—
Operating income, before tax related items	$	1.38	$	0.86	$	2.03	$	1.98	$	2.06		$	3.11		$	4.04
Diluted earnings per share
Net income	$	1.46	$	1.66	$	2.08	$	2.21	$	1.98		$	3.38		$	4.19
Less: Net realized capital gains (losses), after-tax		0.11		0.09		0.08		0.28		(0.04	)		0.41			0.24
Less: Cumulative effect of accounting change, after-tax		—		—		—		—		—			(0.08	)		—
Operating income		1.35		1.57		2.00		1.93		2.02			3.05			3.95
Less: Impact of tax related items		—		0.72		—		—		—			—			—
Operating income, before tax related items	$	1.35	$	0.85	$	2.00	$	1.93	$	2.02		$	3.05		$	3.95

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPUTATION OF RETURN-ON-EQUITY MEASURES

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2004			2004			2004			2005			2005
Numerator [1]:
Net income — last 12 months	$	1,798		$	1,949		$	2,115		$	2,213		$	2,382
Operating income — last 12 months	$	1,672		$	1,805		$	1,968		$	2,050		$	2,260
Operating income, before tax related items and Bancorp litigation - - last 12 months	$	1,712		$	1,589		$	1,752		$	1,834		$	2,044
Denominator [2]:
Average equity, including AOCI		11,887.0			12,497.0			12,938.5			13,874.0			13,932.5
Less: Average AOCI		1,143.5			1,383.5			1,335.5			1,429.0			949.5
Average equity, excluding AOCI		10,743.5			11,113.5			11,603.0			12,445.0			12,983.0
ROE (net income — last 12 months to equity including AOCI)		15.1	%		15.6	%		16.3	%		16.0	%		17.1	%
ROE (operating income — last 12 months to equity excluding AOCI)		15.6	%		16.2	%		17.0	%		16.5	%		17.4	%
ROE (operating income, before tax related items and Bancorp litigation - - last 12 months to equity excluding AOCI) [1]		15.9	%		14.3	%		15.1	%		14.7	%		15.7	%

[1]	For a reconciliation of net income to operating income and of net income to operating income, before tax related items and Bancorp litigation, see page C-8 included herein and page C-8 in the September 30, 2004 IFS.
[2]	Average equity is calculated by taking the sum of equity at the beginning of the twelve month period and equity at the end of the twelve month period and dividing by 2.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEIGHTED AVERAGE SHARE ANALYSIS

			Three Months Ended						Twelve Months Ended						Twelve Months Ended
			June 30, 2005						2006						2007
							Diluted weighted						Diluted weighted						Diluted weighted
Average share			Options		Equity units		average common		Options		Equity units		average common		Options		Equity units		average common
price			dilution		dilution		shares [1]		dilution		dilution		shares [1,2]		dilution		dilution		shares [1,2]
$	50.00			1.4		—		298.5		1.4		—		303.8		1.4		—		316.4
$	55.00			1.7		—		298.8		1.7		—		304.1		1.7		—		316.7
$	60.00			2.0		0.9		300.0		2.0		0.6		305.0		2.0		—		317.0
$	65.00			2.3		2.2		301.6		2.3		1.5		306.2		2.3		—		317.3
$	70.00			2.8		3.3		303.2		2.8		2.3		307.5		2.8		—		317.8
$	72.12	[3]		3.1		3.7		303.9		3.1		2.5		308.0		3.1		—		318.1
$	75.00			3.3		4.3		304.7		3.3		3.0		308.7		3.3		—		318.3
$	80.00			3.8		5.1		306.0		3.8		3.5		309.7		3.8		—		318.8
$	85.00			4.1		5.9		307.1		4.1		4.1		310.6		4.1		—		319.1
$	90.00			4.5		6.5		308.1		4.5		4.5		311.4		4.5		—		319.5

[1]	Based on weighted average common shares outstanding (basic) at June 30, 2005 of 297.1 million.
[2]	Reflects mandatory exercise of the purchase contracts which, combined with the equity unit notes, constitute the equity units. The purchase contracts obligate the holders to purchase 17.9 million common shares of The Hartford (12.13 million and 5.73 million in August and November 2006, respectively). All other items held constant.
[3]	Represents the three months ended June 30, 2005 average share price.

C-10

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
REVENUES
Retail Products Group
Individual Annuity	$	629		$	705		$	666		$	677		$	683			9	%		1	%	$	1,254		$	1,360			8	%
Other Retail		135			137			147			160			165			22	%		3	%		273			325			19	%
Total Retail Products Group		764			842			813			837			848			11	%		1	%		1,527			1,685			10	%
Institutional Solutions Group		434			448			522			424			465			7	%		10	%		876			889			1	%
Individual Life		252			263			279			262			260			3	%		(1	%)		506			522			3	%
Group Benefits		1,000			1,009			1,015			1,046			1,048			5	%		—			2,004			2,094			4	%
Other [1]		194			(60	)		527			411			406			109	%		(1	%)		789			817			4	%
Total revenues	$	2,644		$	2,502		$	3,156		$	2,980		$	3,027			14	%		2	%	$	5,702		$	6,007			5	%
OPERATING RESULTS BY SEGMENT
Retail Products Group
Individual Annuity	$	112		$	127		$	132		$	134		$	141			26	%		5	%		224		$	275			23	%
Other Retail [2]		14			13			17			18			(6	)	NM			NM				29			12			(59	%)
Total Retail Products Group		126			140			149			152			135			7	%		(11	%)		253			287			13	%
Institutional Solutions Group		28			33			35			40			32			14	%		(20	%)		57			72			26	%
Individual Life		37			44			39			39			39			5	%		—			71			78			10	%
Group Benefits		48			70			64			59			64			33	%		8	%		95			123			29	%
Other [3]		14			19			20			(52	)		17			21	%	NM				33			(35	)	NM
Operating income, before tax related items [4]		253			306			307			238			287			13	%		21	%		509			525			3	%
Tax related items		—			190			—			—			—			—			—			—			—			—
Operating income [4]		253			496			307			238			287			13	%		21	%		509			525			3	%
Add: Net realized capital gains (losses), after-tax		16			16			13			53			(11	)	NM			NM				64			42			(34	%)
Income before cumulative effect of accounting change, net of tax		269			512			320			291			276			3	%		(5	%)		573			567			(1	%)
Add: Cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(23	)		—			100	%
Net income	$	269		$	512		$	320		$	291		$	276			3	%		(5	%)	$	550		$	567			3	%
Operating income ROE (last 12 months to equity excluding AOCI)		15.7	%		20.4	%		20.2	%		18.8	%		18.6	%		2.9			(0.2	)
Operating income ROE (last 12 months to equity excluding AOCI), before tax related items and Bancorp litigation		16.4	%		17.1	%		17.1	%		15.8	%		15.8	%		(0.6	)		—
Assets under management	$	227,698		$	232,800		$	248,503		$	250,038		$	258,097			13	%		3	%
DAC capitalization	$	477		$	492		$	505		$	556		$	497						(11	%)
DAC amortization	$	233		$	236		$	276		$	280		$	268						(4	%)
DAC and PVFP assets	$	7,073		$	7,146		$	7,437		$	7,908		$	7,842						(1	%)
Statutory surplus ($ in billions) [5]	$	4.3		$	4.7		$	5.1		$	5.1		$	5.1

[1]	Revenues in Other will fluctuate principally due to the mark-to-market adjustment of the trading investment portfolio supporting the variable annuity business in the Japanese operations.
[2]	Included in the three and six months ended June 30, 2005 is an expense of $24, after-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[3]	Included in the six months ended June 30, 2005 is a charge of $66 to reserve for investigations related to market timing by the SEC and New York Attorney General’s Office and directed brokerage by the SEC.
[4]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.
[5]	Estimated statutory surplus at June 30, 2005.

L-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

OPERATING RESULTS

													Year Over
	THREE MONTHS ENDED												Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,			Dec. 31,		March 31,		June 30,			3 Month			3 Month			JUNE 30,
	2004		2004			2004		2005		2005			Change			Change			2004			2005		Change
REVENUES
Earned premiums	$	970	$	1,058		$	1,049	$	999	$	1,047			8	%		5	%	$	1,965		$	2,046		4	%
Fee income		838		864			937		950		960			15	%		1	%		1,663			1,910		15	%
Net investment income [1]		810		552			1,151		950		1,036			28	%		9	%		1,972			1,986		1	%
Net realized capital gains (losses)		26		28			19		81		(16	)	NM			NM				102			65		(36	%)
Total revenues		2,644		2,502			3,156		2,980		3,027			14	%		2	%		5,702			6,007		5	%
BENEFITS AND EXPENSES
Benefits, claims and claim adjustment expenses [1]		1,531		1,325			1,897		1,739		1,756			15	%		1	%		3,408			3,495		3	%
Amortization of deferred policy acquisition costs and present value of future profits		233		236			276		280		268			15	%		(4	%)		466			548		18	%
Insurance operating costs and other expenses		514		525			579		577		639			24	%		11	%		1,041			1,216		17	%
Total benefits and expenses		2,278		2,086			2,752		2,596		2,663			17	%		3	%		4,915			5,259		7	%
NET INCOME
Income before income taxes		366		416			404		384		364			(1	%)		(5	%)		787			748		(5	%)
Income tax expense (benefit) [2]		97		(96	)		84		93		88			(9	%)		(5	%)		214			181		(15	%)
Income before cumulative effect of accounting change, net of tax		269		512			320		291		276			3	%		(5	%)		573			567		(1	%)
Cumulative effect of accounting change, net of tax		—		—			—		—		—			—			—			(23	)		—		100	%
Net income		269		512			320		291		276			3	%		(5	%)		550			567		3	%
Less: Net realized capital gains (losses), after-tax		16		16			13		53		(11	)	NM			NM				64			42		(34	%)
Less: Cumulative effect of accounting change, net of tax		—		—			—		—		—			—			—			(23	)		—		100	%
Operating income [2]	$	253	$	496		$	307	$	238	$	287			13	%		21	%	$	509		$	525		3	%

[1]	Net investment income and benefits expense will fluctuate principally due to the mark-to-market adjustment of the trading investment portfolio supporting the variable annuities business in the Japanese operations.
[2]	The third quarter ended September 30, 2004 includes a $190 tax benefit related to the favorable treatment of certain tax items for tax years prior to 2004.

L-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
TOTAL ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2004		2004		2004		2005		2005		Change			Change
TOTAL ASSETS UNDER MANAGEMENT
Assets
General account	$	71,689	$	75,947	$	80,412	$	83,573	$	85,912		20	%		3	%
Separate account		130,840		131,655		140,023		138,502		142,774		9	%		3	%
Total assets		202,529		207,602		220,435		222,075		228,686		13	%		3	%
Mutual fund assets		25,169		25,198		28,068		27,963		29,411		17	%		5	%
Total assets under management	$	227,698	$	232,800	$	248,503	$	250,038	$	258,097		13	%		3	%

L-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
CONSOLIDATED BALANCE SHEETS

																Year Over
																Year			Sequential
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month
	2004			2004			2004			2005			2005			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	47,807		$	50,200		$	50,531		$	50,877		$	51,723			8	%		2	%
Equity securities, trading, at fair value		8,995			10,685			13,634			15,855			17,955			100	%		13	%
Equity securities, available-for-sale, at fair value		383			449			525			662			793			107	%		20	%
Policy loans, at outstanding balance		2,650			2,665			2,662			2,119			2,140			(19	%)		1	%
Other investments		1,229			1,287			1,364			1,459			1,775			44	%		22	%
Total investments		61,064			65,286			68,716			70,972			74,386			22	%		5	%
Cash		509			625			933			1,198			771			51	%		(36	%)
Premiums receivable and agents’ balances		379			412			391			386			418			10	%		8	%
Reinsurance recoverables		665			713			993			767			752			13	%		(2	%)
Deferred policy acquisition costs and present value of future profits		7,073			7,146			7,437			7,908			7,842			11	%		(1	%)
Deferred income taxes		(444	)		(763	)		(747	)		(654	)		(979	)		(120	%)		(50	%)
Goodwill		796			796			796			796			796			—			—
Property and equipment, net		161			161			182			194			191			19	%		(2	%)
Other assets		1,486			1,571			1,711			2,006			1,735			17	%		(14	%)
Separate account assets		130,840			131,655			140,023			138,502			142,774			9	%		3	%
Total assets	$	202,529		$	207,602		$	220,435		$	222,075		$	228,686			13	%		3	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	11,753		$	11,805		$	12,250		$	12,375		$	12,467			6	%		1	%
Other policyholder funds and benefits payable		46,606			49,347			52,833			55,459			57,481			23	%		4	%
Unearned premiums		54			52			50			63			57			6	%		(10	%)
Other liabilities		4,484			4,878			5,057			5,602			5,268			17	%		(6	%)
Separate account liabilities		130,840			131,655			140,023			138,502			142,774			9	%		3	%
Total liabilities		193,737			197,737			210,213			212,001			218,047			13	%		3	%
Equity excluding AOCI, net of tax		8,268			8,744			9,027			9,305			9,366			13	%		1	%
AOCI, net of tax		524			1,121			1,195			769			1,273			143	%		66	%
Total stockholders’ equity		8,792			9,865			10,222			10,074			10,639			21	%		6	%
Total liabilities and stockholders’ equity	$	202,529		$	207,602		$	220,435		$	222,075		$	228,686			13	%		3	%
Hartford Life and Accident Insurance Company NAIC RBC								263	%
Hartford Life Insurance Company NAIC RBC								403	%
Hartford Life and Annuity Insurance Company NAIC RBC								620	%

L-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS

				Other			Institutional
	Individual			Retail Products			Solutions			Individual			Group						Other
Year-to-Date	Annuity			Group			Group			Life			Benefits			Japan			Life			Total
Balance, December 31, 2004	$	4,307		$	257		$	159		$	1,813		$	70		$	821		$	10		$	7,437
Adjustments to unrealized gains and losses on securities available — for — sale and other		303			21			47			121			—			—			—			492
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,610			278			206			1,934			70			821			10			7,929
Capitalization		396			63			37			145			24			388			—			1,053
Amortization — Deferred Policy Acquisition Costs		(326	)		(34	)		(19	)		(74	)		(14	)		(63	)		2			(528	)
Amortization — Present Value of Future Profits		(8	)		—			—			(12	)		—			—			—			(20	)
Amortization — Realized Capital Gains		(8	)		—			—			—			—			—			(10	)		(18	)
Effect of Currency Translation Adjustment		—			—			—			—			—			(74	)		—			(74	)
Balance, June 30, 2005		4,664			307			224			1,993			80			1,072			2			8,342
Adjustments to unrealized gains and losses on securities available — for — sale and other		(265	)		(14	)		(46	)		(165	)		—			(10	)		—			(500	)
Balance, June 30, 2005 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,399		$	293		$	178		$	1,828		$	80		$	1,062		$	2		$	7,842

L-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

SUPPLEMENTAL DATA — ANNUITY DEATH AND INCOME BENEFITS

	As of June 30, 2005
	ACCOUNT VALUE		NET AMT AT RISK		% of NAR REINSURED			RETAINED NAR
BREAKDOWN OF VARIABLE ANNUITY ACCOUNT VALUE BY BENEFIT TYPE
Maximum anniversary value (MAV) [1]
MAV only	$	57,915	$	6,388		89	%	$	690
with 5% rollup [2]		3,997		603		81	%		112
with Earnings Protection Benefit Rider (EPB) [3]		5,143		214		79	%		45
with 5% rollup & EPB		1,431		123		83	%		21
Total MAV		68,486		7,328		88	%		868
Asset Protection Benefit (APB) [4]		21,396		28		43	%		16
Ratchet [5] (5 years)		34		2		100	%		—
Reset [6] (5-7 years)		7,569		606		—			606
Return of Premium [7]/Other		8,530		71		—			71
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	106,015	$	8,035		81	%	$	1,561
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [9]		18,440		63		—			63
TOTAL	$	124,455	$	8,098		80	%	$	1,624

	As of		As of		As of		As of		As of
	June 30,		September 30,		December 31,		March 31,		June 30,
	2004		2004		2004		2005		2005
OTHER DATA
U.S. VARIABLE ANNUITY BUSINESS
S&P500 Index Value at end of period		1,140.80		1,114.58		1,211.92		1,180.59		1,191.33
Total Account Value	$	99,363	$	98,338	$	106,250	$	104,204	$	106,015
Retained net amount at risk		1,989		2,240		1,537		1,772		1,561
GMDB net GAAP liability [8]		103		111		109		112		115
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	9,277	$	11,118	$	14,129	$	16,495	$	18,440
Retained net amount at risk		79		161		99		76		63
GMDB/GMIB net GAAP liability [8]		16		21		28		33		39

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 or 100% of adjusted premiums.
[3]	EPB: The death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	Ratchet: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any specified anniversary before age 85 (adjusted for withdrawals).
[6]	Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).
[7]	Return of premium: the death benefit is the greater of current account value and net premiums paid.
[8]	This reserve was established for GAAP in 2004 with the adoption of SOP 03-1.
[9]	Benefits include a Return of Premium and MAV (before age 75) death benefit and a guarantee to return initial investment, adjusted for earnings liquidity, through a fixed annuity, after a minimum deferral period of 10, 15 or 20 years.

L-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of March 31, 2005

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	1,665
Liability for reinsurance in unauthorized companies		(5	)
Net statutory reinsurance reserve credit	$	1,660
Statutory amounts recoverable from reinsurers	$	151

The top ten reinsurers represent $1,566 or 86% of the total statutory reserve credit and amounts recoverable.

• 5% of this amount is with reinsurers rated “A++” by A.M. Best at June 15, 2005.

• 50% of this amount is with reinsurers rated “A+” by A.M. Best at June 15, 2005.

• 4% of this amount is with reinsurers rated “A” by A.M. Best at June 15, 2005.

• 36% of this amount is with reinsurers rated “A-” by A.M. Best at June 15, 2005.

• 5% of this amount is with reinsurers rated “B++” by A.M. Best at June 15, 2005.

L-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	March 31, 2005			December 31, 2004
Statutory Capital and Surplus	$	5,125		$	5,118
GAAP Adjustments
Investment in subsidiaries		(1,090	)		(883	)
Deferred policy acquisition costs		7,908			7,437
Deferred taxes		(927	)		(964	)
Benefit reserves		(3,314	)		(3,354	)
Unrealized gains on investments, net of impairments		1,607			2,158
Asset valuation reserve and interest maintenance reserve		715			688
Goodwill		406			387
Other, net		(356	)		(365	)
GAAP Stockholders’ Equity	$	10,074		$	10,222

L-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	369		$	376		$	404		$	410		$	416			13	%		1	%	$	728		$	826			13	%
Mutual fund and other fees		26			26			28			30			32			23	%		7	%		52			62			19	%
Total fee income		395			402			432			440			448			13	%		2	%		780			888			14	%
Direct premiums		17			87			22			19			28			65	%		47	%		37			47			27	%
Reinsurance premiums		(34	)		(38	)		(36	)		(34	)		(33	)		3	%		3	%		(68	)		(67	)		1	%
Total premiums and other considerations		378			451			418			425			443			17	%		4	%		749			868			16	%
Net investment income
Net investment income on G/A assets		271			276			272			271			260			(4	%)		(4	%)		546			531			(3	%)
Net investment income on assigned capital		18			18			19			17			17			(6	%)		—			34			34			—
Charge for invested capital		(40	)		(39	)		(43	)		(42	)		(39	)		3	%		7	%		(76	)		(81	)		(7	%)
Total net investment income		249			255			248			246			238			(4	%)		(3	%)		504			484			(4	%)
Net realized capital gains (losses)		2			(1	)		—			6			2			—			(67	%)		1			8		NM
Total revenues		629			705			666			677			683			9	%		1	%		1,254			1,360			8	%
Benefits and Expenses
Benefits and claims
Death benefits		8			14			8			8			13			63	%		63	%		12			21			75	%
Other contract benefits		18			19			19			19			20			11	%		5	%		34			39			15	%
Change in reserve		6			73			9			10			13			117	%		30	%		15			23			53	%
Sales inducements		6			7			11			9			10			67	%		11	%		12			19			58	%
Interest credited on G/A assets		211			211			208			189			180			(15	%)		(5	%)		422			369			(13	%)
Total benefits and claims		249			324			255			235			236			(5	%)		—			495			471			(5	%)
Other insurance expenses
Commissions & wholesaling expenses		290			264			248			246			248			(14	%)		1	%		615			494			(20	%)
Operating expenses		47			50			48			49			53			13	%		8	%		93			102			10	%
Premium taxes and other expenses		5			4			7			5			5			—			—			9			10			11	%
Subtotal — expenses before deferral		342			318			303			300			306			(11	%)		2	%		717			606			(15	%)
Deferred policy acquisition costs		(249	)		(218	)		(197	)		(198	)		(198	)		20	%		—			(535	)		(396	)		26	%
Total other insurance expense		93			100			106			102			108			16	%		6	%		182			210			15	%
Amortization of deferred policy acquisition costs		143			142			157			170			164			15	%		(4	%)		292			334			14	%
Total benefits and expenses		485			566			518			507			508			5	%		—			969			1,015			5	%
Income before income tax expense		144			139			148			170			175			22	%		3	%		285			345			21	%
Income tax expense [2]		30			12			14			32			33			10	%		3	%		60			65			8	%
Income before cumulative effect of accounting change		114			127			134			138			142			25	%		3	%		225			280			24	%
Cumulative effect of accounting change, net of tax		—			—			—			—			—									(19	)		—			100	%
Net income		114			127			134			138			142			25	%		3	%		206			280			36	%
Less: cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(19	)		—			100	%
Less: net realized gains, net of tax [1]		2			—			2			4			1			(50	%)		(75	%)		1			5		NM
Operating income		112			127			132			134			141			26	%		5	%		224			275			23	%
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	112		$	127		$	132		$	134		$	141			26	%		5	%	$	224		$	275			23	%

[1]	Net gains (losses) on derivatives used as economic hedges of certain policyholder liabilities.
[2]	The quarters ended December 31, 2004 and September 30, 2004 includes $12 and $18, respectively of additional tax benefits related to the change in estimate of 2004 DRD benefits.

L-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETAIL PRODUCTS GROUP — OTHER

INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	16		$	18		$	20		$	22		$	25			56	%		14	%	$	32		$	47			47	%
Mutual fund and other fees		102			101			106			118			119			17	%		1	%		207			237			14	%
Total fee income		118			119			126			140			144			22	%		3	%		239			284			19	%
Direct premiums		—			1			2			1			3			—		NM				—			4			—
Reinsurance premiums		—			—			—			—			—			—			—			—			—			—
Total premiums and other considerations		118			120			128			141			147			25	%		4	%		239			288			21	%
Net investment income
Net investment income on G/A assets		16			17			18			18			18			13	%		—			33			36			9	%
Net investment income on assigned capital		1			—			1			1			—			(100	%)		(100	%)		1			1			—
Charge for invested capital		—			—			—			—			—			—			—			—			—			—
Total net investment income		17			17			19			19			18			6	%		(5	%)		34			37			9	%
Net realized capital gains		—			—			—			—			—			—			—			—			—			—
Total revenues		135			137			147			160			165			22	%		3	%		273			325			19	%
Benefits and Expenses
Benefits and claims
Death benefits		—			—			—			—			1			—			—			—			1			—
Other contract benefits		2			1			2			2			1			(50	%)		(50	%)		4			3			(25	%)
Change in reserve		(1	)		—			1			—			2		NM				—			(2	)		2		NM
Sales inducements		—			1			(1	)		—			—			—			—			—			—			—
Interest credited on G/A assets		9			10			10			10			10			11	%		—			19			20			5	%
Total benefits and claims		10			12			12			12			14			40	%		17	%		21			26			24	%
Other insurance expenses
Commissions & wholesaling expenses		75			71			77			89			86			15	%		(3	%)		154			175			14	%
Operating expenses		39			44			49			44			47			21	%		7	%		74			91			23	%
Premium taxes and other expenses [1]		3			3			3			4			41		NM			NM				5			45		NM
Subtotal — expenses before deferral		117			118			129			137			174			49	%		27	%		233			311			33	%
Deferred policy acquisition costs		(30	)		(29	)		(36	)		(33	)		(30	)		—			9	%		(60	)		(63	)		(5	%)
Total other insurance expense		87			89			93			104			144			66	%		38	%		173			248			43	%
Amortization of deferred policy acquisition costs		17			17			18			17			17			—			—			35			34			(3	%)
Total benefits and expenses		114			118			123			133			175			54	%		32	%		229			308			34	%
Income before income tax expense		21			19			24			27			(10	)	NM			NM				44			17			(61	%)
Income tax expense		7			6			7			9			(4	)	NM			NM				15			5			(67	%)
Net income		14			13			17			18			(6	)	NM			NM				29			12			(59	%)
Less: Non operating net realized gains (losses), net of tax		—			—			—			—			—			—			—			—			—			—
Operating income		14			13			17			18			(6	)	NM			NM				29			12			(59	%)
Less: Tax related items																	—			—			—			—			—
Operating income, before tax related items	$	14		$	13		$	17		$	18		$	(6	)	NM			NM			$	29		$	12			(59	%)

[1] During the second quarter of 2005 the Company recorded an expense of $37, pre-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.

L-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — SALES/DEPOSITS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004		2005		2005		Change			Change			2004		2005		Change
Individual Annuity
Broker-dealer	$	2,582	$	2,216	$	1,969	$	1,892	$	1,818		(30	%)		(4	%)	$	5,664	$	3,710		(34	%)
Banks		1,602		1,325		1,300		1,281		1,140		(29	%)		(11	%)		3,221		2,421		(25	%)
Total sales/deposits by distribution		4,184		3,541		3,269		3,173		2,958		(29	%)		(7	%)		8,885		6,131		(31	%)
Variable		3,938		3,341		3,174		3,103		2,886		(27	%)		(7	%)		8,519		5,989		(30	%)
Fixed MVA/other		246		200		95		70		72		(71	%)		3	%		366		142		(61	%)
Total sales/deposits by product		4,184		3,541		3,269		3,173		2,958		(29	%)		(7	%)		8,885		6,131		(31	%)
Retail Mutual Funds		1,409		1,258		1,255		1,446		1,321		(6	%)		(9	%)		3,351		2,767		(17	%)
401K
Annuity — plan/participant rollovers		258		295		281		529		287		11	%		(46	%)		648		816		26	%
Annuity — ongoing contributions		248		262		270		365		330		33	%		(10	%)		508		695		37	%
Total 401K Annuity		506		557		551		894		617		22	%		(31	%)		1,156		1,511		31	%
Mutual funds		48		38		61		62		46		(4	%)		(26	%)		118		108		(8	%)
Total 401K		554		595		612		956		663		20	%		(31	%)		1,274		1,619		27	%
529 College Savings Plan/Specialty Products/Other		86		79		105		118		97		13	%		(18	%)		186		215		16	%
Total Retail Products Group	$	6,233	$	5,473	$	5,241	$	5,693	$	5,039		(19	%)		(11	%)	$	13,696	$	10,732		(22	%)

L-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT

												Year Over
												Year			Sequential
		June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
		2004		2004		2004		2005		2005		Change			Change
INDIVIDUAL ANNUITY
General account		$	19,302	$	19,322	$	18,984	$	18,327	$	17,852		(8	%)		(3	%)
Non-guaranteed separate account			84,574		84,228		92,017		90,690		92,448		9	%		2	%
Total Individual Annuity		$	103,876	$	103,550	$	111,001	$	109,017	$	110,300		6	%		1	%
	��
401K
General account		$	1,077	$	1,132	$	1,113	$	1,171	$	1,194		11	%		2	%
Non-guaranteed separate account			4,408		4,659		5,418		5,893		6,344		44	%		8	%
Total 401K		$	5,485	$	5,791	$	6,531	$	7,064	$	7,538		37	%		7	%
TOTAL RETAIL PRODUCTS GROUP
General account		$	20,379	$	20,454	$	20,097	$	19,498	$	19,046		(7	%)		(2	%)
Non-guaranteed separate account			88,982		88,887		97,435		96,583		98,792		11	%		2	%
Total Retail Products Group account value		$	109,361	$	109,341	$	117,532	$	116,081	$	117,838		8	%		2	%
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account		$	8,038	$	7,958	$	7,715	$	7,494	$	7,415		(8	%)		(1	%)
Non-guaranteed separate account			84,466		84,121		91,902		90,577		92,332		9	%		2	%
Total individual variable annuities			92,504		92,079		99,617		98,071		99,747		8	%		2	%
Fixed MVA & other individual annuities			11,372		11,471		11,384		10,946		10,553		(7	%)		(4	%)
Total Individual Annuity			103,876		103,550		111,001		109,017		110,300		6	%		1	%
401K — Annuity			5,485		5,791		6,531		7,064		7,538		37	%		7	%
Total Retail Products Group account value			109,361		109,341		117,532		116,081		117,838		8	%		2	%
Specialty Products/Other — Segregated Assets			103		135		182		216		243		136	%		13	%
Mutual Fund Assets
Retail mutual fund assets			22,734		22,694		25,240		24,949		25,958		14	%		4	%
401K mutual fund assets			668		662		755		767		808		21	%		5	%
Specialty Product/Other mutual fund assets			127		144		164		185		218		72	%		18	%
529 College Savings Plan assets			368		398		477		509		553		50	%		9	%
Total Mutual Fund Assets			23,897		23,898		26,636		26,410		27,537		15	%		4	%
Total Retail Products Group Assets Under Management		$	133,361	$	133,374	$	144,350	$	142,707	$	145,618		9	%		2	%

L-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — INDIVIDUAL ANNUITY — ACCOUNT VALUE ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2004			2004			2004			2005			2005
VARIABLE ANNUITIES	Beginning balance	$	90,386		$	92,504		$	92,079		$	99,617		$	98,071
	Sales/Deposits		3,938			3,341			3,174			3,103			2,886
	Surrenders		(1,953	)		(2,100	)		(2,311	)		(2,367	)		(2,577	)
	Death benefits/annuity payouts		(342	)		(310	)		(337	)		(381	)		(388	)
	Transfers [2]		25			22			93			51			20
	Net Flows		1,668			953			619			406			(59	)
	Change in market value/change in reserve/interest credited		438			(1,388	)		6,911			(1,958	)		1,729
	Other [3]		12			10			8			6			6
	Ending balance	$	92,504		$	92,079		$	99,617		$	98,071		$	99,747
FIXED MVA AND OTHER	Beginning balance	$	11,312		$	11,372		$	11,471		$	11,384		$	10,946
	Sales/Deposits		246			200			95			70			72
	Acquisitions		—			176			547			—			—
	Surrenders		(256	)		(329	)		(728	)		(510	)		(452	)
	Death benefits/annuity payouts		(99	)		(110	)		(134	)		(115	)		(136	)
	Transfers [2]		11			6			(57	)		(20	)		(12	)
	Net Flows		(98	)		(57	)		(277	)		(575	)		(528	)
	Change in market value/change in reserve/interest credited		158			156			164			137			135
	Other [4]		—			—			26			—			—
	Ending balance	$	11,372		$	11,471		$	11,384		$	10,946		$	10,553
TOTAL INDIVIDUAL ANNUITY	Beginning balance	$	101,698		$	103,876		$	103,550		$	111,001		$	109,017
	Sales/Deposits		4,184			3,541			3,269			3,173			2,958
	Acquisitions		—			176			547			—			—
	Surrenders		(2,209	)		(2,429	)		(3,039	)		(2,877	)		(3,029	)
	Death benefits/annuity payouts		(441	)		(420	)		(471	)		(496	)		(524	)
	Transfers [2]		36			28			36			31			8
	Net Flows		1,570			896			342			(169	)		(587	)
	Change in market value/change in reserve/interest credited		596			(1,232	)		7,075			(1,821	)		1,864
	Other [3,4]		12			10			34			6			6
	Ending balance	$	103,876		$	103,550		$	111,001		$	109,017		$	110,300

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.
[3]	Includes a bonus on certain products, front end loads on A share products and annual maintenance fees.
[4]	Includes special bonus on block of business acquired in 2004.

L-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — OTHER RETAIL — ACCOUNT VALUE ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2004			2004			2004			2005			2005
401K	Account Value Rollforward
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	5,158		$	5,485		$	5,791		$	6,531		$	7,064
	Sales/Deposits		506			557			551			894			617
	Surrenders		(211	)		(207	)		(238	)		(252	)		(271	)
	Death benefits/annuity payouts		(4	)		(4	)		(5	)		(5	)		(4	)
	Net Flows		291			346			308			637			342
	Change in market value/change in reserve/interest credited		36			(40	)		432			(104	)		132
	Ending balance	$	5,485		$	5,791		$	6,531		$	7,064		$	7,538
RETAIL MUTUAL FUNDS	Asset Rollforward
	Beginning balance	$	21,888		$	22,734		$	22,694		$	25,240		$	24,949
	Sales/Deposits		1,409			1,258			1,255			1,446			1,321
	Redemptions		(785	)		(819	)		(868	)		(1,065	)		(999	)
	Net Sales		624			439			387			381			322
	Change in market value		245			(459	)		2,179			(652	)		705
	Other [2]		(23	)		(20	)		(20	)		(20	)		(18	)
	Ending balance	$	22,734		$	22,694		$	25,240		$	24,949		$	25,958

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes front end loads on A share products.

L-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INSTITUTIONAL SOLUTIONS GROUP
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	23		$	23		$	24		$	25		$	24			4	%		(4	%)	$	48		$	49			2	%
Cost of insurance charges		50			48			50			40			36			(28	%)		(10	%)		97			76			(22	%)
Mutual fund and other fees		3			6			6			2			7			133	%	NM				5			9			80	%
Total fee income		76			77			80			67			67			(12	%)		—			150			134			(11	%)
Direct premiums		95			100			167			84			116			22	%		38	%		204			200			(2	%)
Total premiums and other considerations		171			177			247			151			183			7	%		21	%		354			334			(6	%)
Net investment income
Net investment income on G/A assets		255			262			265			266			275			8	%		3	%		504			541			7	%
Net investment income on assigned capital		6			7			7			7			7			17	%		—			13			14			8	%
Charge for invested capital		1			—			1			—			—			(100	%)		—			2			—			(100	%)
Total net investment income		262			269			273			273			282			8	%		3	%		519			555			7	%
Net realized capital gains		1			2			2			—			—			(100	%)		—			3			—			(100	%)
Total revenues		434			448			522			424			465			7	%		10	%		876			889			1	%
Benefits and Expenses
Benefits and claims
Death benefits		46			38			44			33			26			(43	%)		(21	%)		83			59			(29	%)
Other contract benefits		81			87			83			86			84			4	%		(2	%)		163			170			4	%
Change in reserve		85			92			157			50			109			28	%		118	%		179			159			(11	%)
Interest credited on G/A assets		145			146			154			147			157			8	%		7	%		287			304			6	%
��
Total benefits and claims		357			363			438			316			376			5	%		19	%		712			692			(3	%)
Other insurance expenses
Commissions & wholesaling expenses		9			10			10			15			15			67	%		—			19			30			58	%
Operating expenses		26			29			32			29			31			19	%		7	%		56			60			7	%
Dividends to policyholders		8			2			5			17			3			(63	%)		(82	%)		20			20			—
Premium taxes and other expenses		1			4			7			1			3		NM			NM				4			4			—
Subtotal — expenses before deferral		44			45			54			62			52			18	%		(16	%)		99			114			15	%
Deferred policy acquisition costs		(17	)		(16	)		(20	)		(19	)		(18	)		(6	%)		5	%		(35	)		(37	)		(6	%)
Total other insurance expense		27			29			34			43			34			26	%		(21	%)		64			77			20	%
Amortization of deferred policy acquisition costs		10			9			9			9			10			—			11	%		19			19			—
Total benefits and expenses		394			401			481			368			420			7	%		14	%		795			788			(1	%)
Income before income tax expense		40			47			41			56			45			13	%		(20	%)		81			101			25	%
Income tax expense		12			14			6			16			13			8	%		(19	%)		24			29			21	%
Income before cumulative effect of accounting changes		28			33			35			40			32			14	%		(20	%)		57			72			26	%
Cumulative effect of accounting changes, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Net income		28			33			35			40			32			14	%		(20	%)		56			72			29	%
Less: cumulative effect of accounting changes, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Less: Non operating net realized gains (losses), net of tax		—			—			—			—			—			—			—			—			—			—
Operating income		28			33			35			40			32			14	%		(20	%)		57			72			26	%

L-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — SALES/DEPOSITS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004		2005		2005		Change			Change			2004		2005		Change
Institutional
Structured settlements	$	180	$	156	$	172	$	138	$	163		(9	%)		18	%	$	383	$	301		(21	%)
Institutional annuities		11		22		78		16		6		(45	%)		(63	%)		18		22		22	%
GIC/Funding agreements/registered notes		319		546		613		907		338		6	%		(63	%)		337		1,245	NM
Other		316		4		6		—		204		(35	%)		—			320		204		(36	%)
Subtotal		826		728		869		1,061		711		(14	%)		(33	%)		1,058		1,772		67	%
Mutual funds		38		82		62		190		307	NM				62	%		134		497	NM
Total Institutional		864		810		931		1,251		1,018		18	%		(19	%)		1,192		2,269		90	%
Governmental
Annuity — plan/participant rollovers		69		28		22		61		25		(64	%)		(59	%)		150		86		(43	%)
Annuity — ongoing contributions		235		225		177		243		234		—			(4	%)		511		477		(7	%)
Total Annuity		304		253		199		304		259		(15	%)		(15	%)		661		563		(15	%)
Mutual funds		8		8		9		14		8		—			(43	%)		18		22		22	%
Total Governmental		312		261		208		318		267		(14	%)		(16	%)		679		585		(14	%)
Private Placement Life Insurance
Corporate owned		131		137		262		69		172		31	%		149	%		306		241		(21	%)
High net worth		16		5		8		44		11		(31	%)		(75	%)		64		55		(14	%)
Total Private Placement Life Insurance		147		142		270		113		183		24	%		62	%		370		296		(20	%)
Total Institutional Solutions Group	$	1,323	$	1,213	$	1,409	$	1,682	$	1,468		11	%		(13	%)	$	2,241	$	3,150		41	%

L-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2004		2004		2004		2005		2005		Change			Change
INSTITUTIONAL
General account	$	10,318	$	10,919	$	11,337	$	12,319	$	12,590		22	%		2	%
Guaranteed separate account		335		352		355		353		373		11	%		6	%
Non-guaranteed separate account		2,724		2,740		2,907		2,825		3,113		14	%		10	%
Total Institutional	$	13,377	$	14,011	$	14,599	$	15,497	$	16,076		20	%		4	%
GOVERNMENTAL
General account	$	3,907	$	3,994	$	4,048	$	4,121	$	4,201		8	%		2	%
Non-guaranteed separate account		5,538		5,443		5,914		5,761		5,853		6	%		2	%
Total Governmental	$	9,445	$	9,437	$	9,962	$	9,882	$	10,054		6	%		2	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	2,397	$	2,409	$	2,412	$	1,888	$	1,886		(21	%)		—
Non-guaranteed separate account		21,703		22,000		22,615		22,710		23,123		7	%		2	%
Total Private Placement Life Insurance	$	24,100	$	24,409	$	25,027	$	24,598	$	25,009		4	%		2	%
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	16,622	$	17,322	$	17,797	$	18,328	$	18,677		12	%		2	%
Guaranteed separate account		335		352		355		353		373		11	%		6	%
Non-guaranteed separate account		29,965		30,183		31,436		31,296		32,089		7	%		3	%
Total Institutional Solutions Group account value	$	46,922	$	47,857	$	49,588	$	49,977	$	51,139		9	%		2	%
BY PRODUCT
Institutional
Structured settlements	$	3,673	$	3,828	$	4,006	$	4,145	$	4,307		17	%		4	%
Institutional annuities		2,397		2,418		2,492		2,488		2,504		4	%		1	%
GIC/Funding agreements/registered notes		4,690		5,129		5,297		6,139		6,254		33	%		2	%
Other		2,617		2,636		2,804		2,725		3,011		15	%		10	%
Total Institutional		13,377		14,011		14,599		15,497		16,076		20	%		4	%
Governmental — Annuity		9,445		9,437		9,962		9,882		10,054		6	%		2	%
Private Placement Life Insurance
Variable		21,592		21,889		22,498		22,641		23,056		7	%		2	%
Leveraged		2,508		2,520		2,529		1,957		1,953		(22	%)		—
Total Private Placement Life Insurance		24,100		24,409		25,027		24,598		25,009		4	%		2	%
Total Institutional Solutions Group account value		46,922		47,857		49,588		49,977		51,139		9	%		2	%
Mutual Fund Assets
Institutional mutual fund assets		508		569		676		815		1,146		126	%		41	%
Governmental mutual fund assets		764		731		756		738		728		(5	%)		(1	%)
Total Mutual Fund Assets		1,272		1,300		1,432		1,553		1,874		47	%		21	%
Total Institutional Solutions Group Assets Under Management	$	48,194	$	49,157	$	51,020	$	51,530	$	53,013		10	%		3	%

L-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2004			2004			2004			2005			2005
INSTITUTIONAL	Account Value Rollforward
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	12,941		$	13,377		$	14,011		$	14,599		$	15,497
	Sales/Deposits		826			728			869			1,061			711
	Surrenders		(402	)		(197	)		(537	)		(155	)		(323	)
	Death benefits/annuity payouts		(101	)		(104	)		(103	)		(114	)		(118	)
	Net Flows		323			427			229			792			270
	Change in market value/change in reserve/interest credited		113			207			359			106			309
	Ending balance	$	13,377		$	14,011		$	14,599		$	15,497		$	16,076
GOVERNMENTAL	Account Value Rollforward
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	9,243		$	9,445		$	9,437		$	9,962		$	9,882
	Sales/Deposits		304			253			199			304			259
	Surrenders		(185	)		(169	)		(233	)		(250	)		(234	)
	Death benefits/annuity payouts		(13	)		(14	)		(16	)		(13	)		(18	)
	Net Flows		106			70			(50	)		41			7
	Change in market value/change in reserve/interest credited		96			(78	)		575			(121	)		165
	Ending balance	$	9,445		$	9,437		$	9,962		$	9,882		$	10,054
PRIVATE PLACEMENT LIFE INSURANCE	Account Value Rollforward
	Beginning balance	$	23,842		$	24,100		$	24,409		$	25,027		$	24,598
	Sales/Deposits		147			142			270			113			183
	Surrenders		(35	)		(3	)		(26	)		(627	)		(5	)
	Death benefits/annuity payouts		(17	)		(22	)		(23	)		(19	)		(19	)
	Net Flows		95			117			221			(533	)		159
	Change in market value/change in reserve/interest credited		267			264			447			173			329
	Other [2]		(104	)		(72	)		(50	)		(69	)		(77	)
	Ending balance	$	24,100		$	24,409		$	25,027		$	24,598		$	25,009

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Primarily consists of cost of insurance and M&E charges.

L-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INDIVIDUAL LIFE
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable life fees	$	13		$	13		$	15		$	14		$	15			15	%		7	%	$	25		$	29			16	%
Cost of insurance charges		110			113			113			114			116			5	%		2	%		220			230			5	%
Other fees		58			64			82			67			60			3	%		(10	%)		122			127			4	%
Total fee income		181			190			210			195			191			6	%		(2	%)		367			386			5	%
Direct premiums		17			17			20			19			19			12	%		—			34			38			12	%
Reinsurance premiums		(22	)		(23	)		(25	)		(27	)		(26	)		(18	%)		4	%		(44	)		(53	)		(20	%)
Net premiums		(5	)		(6	)		(5	)		(8	)		(7	)		(40	%)		13	%		(10	)		(15	)		(50	%)
Total premiums and other considerations		176			184			205			187			184			5	%		(2	%)		357			371			4	%
Net investment income
Net investment income on G/A assets		82			84			82			81			82			—			1	%		162			163			1	%
Net investment income on assigned capital		4			3			3			3			3			(25	%)		—			7			6			(14	%)
Charge for invested capital		(10	)		(9	)		(10	)		(9	)		(9	)		10	%		—			(20	)		(18	)		10	%
Total net investment income		76			78			75			75			76			—			1	%		149			151			1	%
Net realized capital gains (losses)		—			1			(1	)		—			—			—			—			—			—			—
Total revenues		252			263			279			262			260			3	%		(1	%)		506			522			3	%
Benefits and Expenses
Benefits and claims
Death benefits		61			60			57			66			63			3	%		(5	%)		128			129			1	%
Other contract benefits		6			5			6			4			6			—			50	%		11			10			(9	%)
Change in reserve		—			(3	)		—			(5	)		(4	)		—			20	%		—			(9	)		—
Interest credited on G/A assets		53			53			57			55			55			4	%		—			106			110			4	%
Total benefits and claims		120			115			120			120			120			—			—			245			240			(2	%)
Other insurance expenses
Commissions & wholesaling expenses		46			47			63			52			47			2	%		(10	%)		90			99			10	%
Operating expenses		50			52			62			52			56			12	%		8	%		98			108			10	%
Dividends to policyholders		—			1			—			1			—			—			(100	%)		1			1			—
Premium taxes and other expenses		9			8			8			9			10			11	%		11	%		17			19			12	%
Subtotal — expenses before deferral		105			108			133			114			113			8	%		(1	%)		206			227			10	%
Deferred policy acquisition costs		(66	)		(67	)		(89	)		(74	)		(71	)		(8	%)		4	%		(127	)		(145	)		(14	%)
Total other insurance expense		39			41			44			40			42			8	%		5	%		79			82			4	%
Amortization of deferred policy acquisition costs and present value of future profits		40			43			58			45			41			3	%		(9	%)		79			86			9	%
Total benefits and expenses		199			199			222			205			203			2	%		(1	%)		403			408			1	%
Income before income tax expense		53			64			57			57			57			8	%		—			103			114			11	%
Income tax expense		16			20			18			18			18			13	%		—			32			36			13	%
Income before cumulative effect of accounting changes		37			44			39			39			39			5	%		—			71			78			10	%
Cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Net income		37			44			39			39			39			5	%		—			70			78			11	%
Less: cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Operating income		37			44			39			39			39			5	%		—			71			78			10	%
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	37		$	44		$	39		$	39		$	39			5	%		—		$	71		$	78			10	%

L-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INDIVIDUAL LIFE
SUPPLEMENTAL DATA

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004		2005		2005		Change			Change			2004		2005		Change
SALES BY DISTRIBUTION
Wirehouse/regional broker-dealer/banks	$	23	$	26	$	36	$	23	$	31		35	%		35	%	$	44	$	54		23	%
Independent broker-dealer/WFS		14		17		20		11		13		(7	%)		18	%		30		24		(20	%)
Life professional/ other		10		13		23		12		13		30	%		8	%		24		25		4	%
Total sales by distribution	$	47	$	56	$	79	$	46	$	57		21	%		24	%	$	98	$	103		5	%
SALES BY PRODUCT
Variable life	$	25	$	31	$	37	$	21	$	29		16	%		38	%	$	48	$	50		4	%
Universal life/whole life		19		21		38		22		24		26	%		9	%		43		46		7	%
Term life/other		3		4		4		3		4		33	%		33	%		7		7		—
Total sales by product	$	47	$	56	$	79	$	46	$	57		21	%		24	%	$	98	$	103		5	%
ACCOUNT VALUE
General account	$	4,425	$	4,465	$	4,538	$	4,591	$	4,635		5	%		1	%
Separate account		4,567		4,478		4,949		4,838		5,006		10	%		3	%
Total account value	$	8,992	$	8,943	$	9,487	$	9,429	$	9,641		7	%		2	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	4,934	$	4,860	$	5,356	$	5,249	$	5,433		10	%		4	%
Universal life/interest sensitive whole life		3,321		3,350		3,402		3,452		3,485		5	%		1	%
Modified guaranteed life		647		641		636		631		626		(3	%)		(1	%)
Other		90		92		93		97		97		8	%		—
Total account value by product	$	8,992	$	8,943	$	9,487	$	9,429	$	9,641		7	%		2	%
LIFE INSURANCE IN FORCE
Variable life	$	67,537	$	68,051	$	69,089	$	69,442	$	69,979		4	%		1	%
Universal life/interest sensitive whole life		38,554		38,717		39,109		39,349		39,777		3	%		1	%
Term life		27,199		28,795		30,577		31,837		33,285		22	%		5	%
Modified guaranteed life		857		843		827		815		805		(6	%)		(1	%)
Other		273		280		287		296		305		12	%		3	%
Total life insurance in force	$	134,420	$	136,686	$	139,889	$	141,739	$	144,151		7	%		2	%

L-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INDIVIDUAL LIFE
ACCOUNT VALUE ROLLFORWARD

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,				June 30,
		2004			2004			2004			2005				2005
VARIABLE LIFE	Beginning balance	$	4,797		$	4,934		$	4,860		$	5,356			$	5,249
	First year & single premiums		68			78			107			67				72
	Renewal premiums		136			128			151			138				142
	Premiums and deposits		204			206			258			205				214
	Change in market value/interest credited		106			(97	)		445			(123	)			159
	Surrenders		(62	)		(75	)		(76	)		(78	)			(66	)
	Death benefits/policy fees		(111	)		(108	)		(131	)		(111	)			(123	)
	Ending balance	$	4,934		$	4,860		$	5,356		$	5,249			$	5,433
OTHER [1]	Beginning balance	$	4,039		$	4,058		$	4,083		$	4,131			$	4,180
	First year & single premiums		48			54			65			61				63
	Renewal premiums		86			87			105			91				90
	Premiums and deposits		134			141			170			152				153
	Change in market value/interest credited		47			48			53			48				48
	Surrenders		(56	)		(60	)		(59	)		(49	)			(54	)
	Death benefits/policy fees		(106	)		(104	)		(116	)		(102	)			(119	)
	Ending balance	$	4,058		$	4,083		$	4,131		$	4,180			$	4,208
TOTAL INDIVIDUAL LIFE	Beginning balance	$	8,836		$	8,992		$	8,943		$	9,487			$	9,429
	First year & single premiums		116			132			172			128		��		135
	Renewal premiums		222			215			256			229				232
	Premiums and deposits		338			347			428			357				367
	Change in market value/interest credited		153			(49	)		498			(75	)			207
	Surrenders		(118	)		(135	)		(135	)		(127	)			(120	)
	Death benefits/policy fees		(217	)		(212	)		(247	)		(213	)			(242	)
	Ending balance	$	8,992		$	8,943		$	9,487		$	9,429			$	9,641

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

L-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
GROUP BENEFITS
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
ASO fees	$	8		$	9		$	9		$	11		$	7			(13	%)		(36	%)	$	17		$	18			6	%
Other fees		1			—			—			—			1			—			—			2			1			(50	%)
Total fee income		9			9			9			11			8			(11	%)		(27	%)		19			19			—
Direct premiums		720			746			745			824			848			18	%		3	%		1,446			1,672			16	%
Reinsurance premiums		177			159			163			113			92			(48	%)		(19	%)		356			205			(42	%)
Total premiums and other considerations		906			914			917			948			948			5	%		—			1,821			1,896			4	%
Net investment income
Net investment income on G/A assets		80			82			85			86			87			9	%		1	%		157			173			10	%
Net investment income on assigned capital		13			13			13			12			13			—			8	%		25			25			—
Total net investment income		93			95			98			98			100			8	%		2	%		182			198			9	%
Net realized capital gains (losses)		1			—			—			—			—			(100	%)		—			1			—			(100	%)
Total revenues		1,000			1,009			1,015			1,046			1,048			5	%		—			2,004			2,094			4	%
Benefits and Expenses
Benefits and claims
Death benefits		232			217			211			239			238			3	%		—			491			477			(3	%)
Other contract benefits		396			394			397			414			416			5	%		—			783			830			6	%
Change in reserve		62			60			50			69			42			(32	%)		(39	%)		100			111			11	%
Total benefits and claims		690			671			658			722			696			1	%		(4	%)		1,374			1,418			3	%
Other insurance expenses
Commissions & wholesaling expenses		123			117			132			119			122			(1	%)		3	%		252			241			(4	%)
Operating expenses		109			112			129			114			129			18	%		13	%		222			243			9	%
Premium taxes and other expenses		17			16			17			16			18			6	%		13	%		36			34			(6	%)
Subtotal — expenses before deferral		249			245			278			249			269			8	%		8	%		510			518			2	%
Deferred policy acquisition costs		(9	)		(11	)		(15	)		(12	)		(12	)		(33	%)		—			(18	)		(24	)		(33	%)
Total other insurance expense		240			234			263			237			257			7	%		8	%		492			494			—
Amortization of deferred policy acquisition costs		6			7			5			7			7			17	%		—			11			14			27	%
Total benefits and expenses		936			912			926			966			960			3	%		(1	%)		1,877			1,926			3	%
Income before income tax expense		64			97			89			80			88			38	%		10	%		127			168			32	%
Income tax expense		16			27			25			21			24			50	%		14	%		32			45			41	%
Net income		48			70			64			59			64			33	%		8	%		95			123			29	%
Less: Non operating net realized gains (losses), net of tax		—			—			—			—			—			—			—			—			—			—
Operating income		48			70			64			59			64			33	%		8	%		95			123			29	%
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	48		$	70		$	64		$	59		$	64			33	%		8	%	$	95		$	123			29	%

L-22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
GROUP BENEFITS
SUPPLEMENTAL DATA

																	Year Over
		THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
		2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
PREMIUMS	Fully Insured — Ongoing Premiums
	Group disability	$	383		$	393		$	393		$	413		$	428			12	%		4	%	$	776		$	841			8	%
	Group life		412			411			417			396			406			(1	%)		3	%		827			802			(3	%)
	Other		102			100			95			103			106			4	%		3	%		199			209			5	%
	Total fully insured — ongoing premiums		897			904			905			912			940			5	%		3	%		1,802			1,852			3	%
	Total buyouts [1]		—			1			3			25			—			—			(100	%)		—			25			—
	Total premiums		897			905			908			937			940			5	%		—			1,802			1,877			4	%
	Group disability — premium equivalents [2]		72			71			65			63			73			1	%		16	%		134			136			1	%
	Total premiums and premium equivalents	$	969		$	976		$	973		$	1,000		$	1,013			5	%		1	%	$	1,936		$	2,013			4	%
SALES (GROSS	Fully Insured — Ongoing Sales
ANNUALIZED	Group disability	$	35		$	39		$	24		$	198		$	42			20	%		(79	%)	$	174		$	240			38	%
NEW PREMIUMS)	Group life [4]		58			51			40			132			46			(21	%)		(65	%)		210			178			(15	%)
	Other		11			17			16			46			22			100	%		(52	%)		61			68			11	%
	Total fully insured — ongoing sales		104			107			80			376			110			6	%		(71	%)		445			486			9	%
	Total buyouts [1]		—			3			3			26			—			—			(100	%)		—			26			—
	Total sales		104			110			83			402			110			6	%		(73	%)		445			512			15	%
	Group disability premium equivalents [2]		8			33			7			47			14			75	%		(70	%)		45			61			36	%
	Total sales and premium equivalents	$	112		$	143		$	90		$	449		$	124			11	%		(72	%)	$	490		$	573			17	%
RATIOS [3]	Loss Ratio		76.2	%		73.4	%		71.7	%		75.5	%		73.4	%		(4	%)		(3	%)		75.5	%		74.5	%		(1	%)
	Expense Ratio		27.2	%		26.4	%		29.3	%		26.4	%		27.8	%		2	%		5	%		27.6	%		27.2	%		(1	%)
GAAP RESERVES [5]	Group disability	$	4,062		$	4,116		$	4,163		$	4,237		$	4,290			6	%		1	%
	Group life		1,258			1,273			1,240			1,247			1,245			(1	%)		—
	Other		179			184			179			170			170			(5	%)		—
	Total GAAP reserves	$	5,499		$	5,573		$	5,582		$	5,654		$	5,705			4	%		1	%

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	During the three months ended March 31, 2005 the Company acquired fully insured ongoing premiums of $22 from a third party for $23 in cash.
[5]	Reserve balances are net of reinsurance recoverables of $228, $225, $311, $318 and $306 as of 2Q 2004, 3Q 2004, 4Q 2004, 1Q 2005 and 2Q 2005 respectively.

L-23

THE HARTFORD FINANCIAL SERVICES GROUP

LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004		2005		2005		Change			Change			2004		2005		Change
SALES — Dollars
Individual Annuity
Variable	$	1,599	$	2,286	$	1,943	$	3,072	$	2,494		56	%		(19	%)	$	3,035	$	5,566		83	%
Fixed MVA		—		9		512		688		222		100	%		(68	%)		—		910		100	%
Total sales by product	$	1,599	$	2,295	$	2,455	$	3,760	$	2,716		70	%		(28	%)	$	3,035	$	6,476		113	%
SALES — Yen
Individual Annuity
Variable	¥	174,231	¥	251,303	¥	203,251	¥	321,911	¥	267,333		53	%		(17	%)	¥	327,633	¥	589,244		80	%
Fixed MVA		—		1,005		53,299		72,017		23,795		100	%		(67	%)		—		95,812		100	%
Total sales by product	¥	174,231	¥	252,308	¥	256,550	¥	393,928	¥	291,128		67	%		(26	%)	¥	327,633	¥	685,056		109	%
NET FLOWS — Dollars
Individual Annuity
Variable	$	1,452	$	2,173	$	1,844	$	2,892	$	2,365		63	%		(18	%)	$	2,737	$	5,257		92	%
Fixed MVA		—		9		486		651		203		100	%		(69	%)		—		854		100	%
Total net flows by product	$	1,452	$	2,182	$	2,330	$	3,543	$	2,568		77	%		(28	%)	$	2,737	$	6,111		123	%
NET FLOWS — Yen
Individual Annuity
Variable	¥	158,274	¥	238,935	¥	192,866	¥	302,976	¥	253,416		60	%		(16	%)	¥	295,501	¥	556,392		88	%
Fixed MVA		—		954		50,601		68,072		21,811		100	%		(68	%)		—		89,883		100	%
Total net flows by product	¥	158,274	¥	239,889	¥	243,467	¥	371,048	¥	275,227		74	%		(26	%)	¥	295,501	¥	646,275		119	%
AUM — Dollars
Individual Annuity
Variable	$	9,277	$	11,118	$	14,129	$	16,495	$	18,440		99	%		12	%
Fixed MVA		—		9		502		1,120		1,286		100	%		15	%
Total AUM by product	$	9,277	$	11,127	$	14,631	$	17,615	$	19,726		113	%		12	%
AUM — Yen
Individual Annuity
Variable	¥	1,009,074	¥	1,223,484	¥	1,450,025	¥	1,767,250	¥	2,042,998		102	%		16	%
Fixed MVA		—		951		51,503		120,011		142,472		100	%		19	%
Total AUM by product	¥	1,009,074	¥	1,224,435	¥	1,501,528	¥	1,887,261	¥	2,185,470		117	%		16	%
OPERATING INCOME — Dollars [1]							$	20	$	33	NM				65	%

[1] Included in realized capital gains are $3 and $7 after tax realized losses for the three months ended March 31, 2005 and June 30, 2005, respectively, that are attributable to our Japanese fixed annuity product which is a portion of the realized gains and losses associated with this product. These amounts represent the net periodic accruals on currency rate swaps used in the risk management of this product and are considered to be an integral part of the operating performance.

L-24

PROPERTY & CASUALTY

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,548		$	2,575		$	2,374		$	2,581		$	2,722			7	%		5	%	$	4,945		$	5,303			7	%
Earned premiums [1]		2,353			2,474			2,481			2,507			2,578			10	%		3	%		4,539			5,085			12	%
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Business Insurance		97			(25	)		63			118			141			45	%		19	%		322			259			(20	%)
Personal Lines		75			(137	)		94			127			188			151	%		48	%		181			315			74	%
Specialty Commercial		29			(58	)		86			40			5			(83	%)		(88	%)		(81	)		45		NM
Ongoing Operations underwriting results [2]		201			(220	)		243			285			334			66	%		17	%		422			619			47	%
Other Operations [3]		(214	)		(110	)		(59	)		(28	)		(110	)		49	%	NM				(279	)		(138	)		51	%
Total Property & Casualty underwriting results	$	(13	)	$	(330	)	$	184		$	257		$	224		NM				(13	%)	$	143		$	481		NM
ONGOING OPERATIONS UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		65.2			80.4			63.9			63.1			64.2			1.0			(1.1	)		65.9			63.6			2.3
Prior year [1] [2] [4]		0.7			2.1			1.4			0.2			(2.9	)		3.6			3.1			(1.8	)		(1.3	)		(0.5	)
Total loss and loss adjustment expenses		65.8			82.5			65.4			63.3			61.3			4.5			2.0			64.1			62.3			1.8
Expenses		25.6			26.1			24.8			25.1			25.6			—			(0.5	)		26.4			25.4			1.0
Policyholder dividends		—			0.3			—			0.2			0.2			(0.2	)		—			0.1			0.2			(0.1	)
Combined ratio		91.4			108.9			90.2			88.6			87.0			4.4			1.6			90.6			87.8			2.8
Catastrophe ratio [4] [5]		2.4			15.6			1.2			1.9			1.7			0.7			0.2			(4.6	)		1.8			(6.4	)
Combined ratio before catastrophes		89.0			93.3			89.0			86.8			85.3			3.7			1.5			95.2			86.0			9.2
Combined ratio before catastrophes and prior year development		88.5			90.5			87.6			87.1			88.5			—			(1.4	)		90.5			87.8			2.7
Total Property & Casualty Income and ROE
Net income (loss)	$	203		$	24		$	342		$	417		$	369			82	%		(12	%)	$	544		$	786			44	%
Operating income (loss) [6] [7]		188			13			331			386			369			96	%		(4	%)		485			755			56	%
Impact of tax related items		—			26			—			—			—			—			—			—			—			—
Operating income (loss) before tax related items [7]	$	188		$	(13	)	$	331		$	386		$	369			96	%		(4	%)	$	485		$	755			56	%
Operating income ROE (last 12 months income-equity x-AOCI) [7]		16.6	%		12.4	%		14.2	%		14.7	%		17.2	%		0.6			2.5
Operating income ROE (last 12��months income-equity x-AOCI) before tax related items [7]		16.6	%		11.9	%		13.7	%		14.3	%		16.7	%		0.1			2.4

	PROPERTY & CASUALTY
	Dec. 31,		June 30,
	2004		2005		Change
Selected Financial Data
Hartford Fire adjusted statutory surplus ($ in billions)	$	6.4	$	6.7		0.3
Hartford Fire premium to adjusted surplus ratio		1.5		1.5		—

[1]	Earned premiums for the six months ended June 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. Earned premiums for the three months ended September 30, 2004 are net of catastrophe treaty reinstatement premium of $17.
[2]	Ongoing Operations prior year loss and loss adjustment expenses for the six months ended June 30, 2004 included a net reserve release of $298 related to September 11 and an increase in reserves of $190 for construction defects claims. Ongoing Operations prior year loss and loss adjustment expenses for the three and six months ended June 30, 2005 included a net reserve release of $95 in Personal Lines, predominantly related to allocated loss adjustment expenses on auto liability claims.
[3]	During the three months ended June 30, 2004, the Company completed an evaluation of the reinsurance recoverable asset associated with older, long-term casualty liabilities reported in the Other Operations segment. As a result of this evaluation, the Company reduced its net reinsurance recoverable by $181, before tax, and $118, after tax. Additionally, the six months ended June 30, 2004 includes a net reserve release of $97 related to September 11 and an increase of $130 for assumed casualty reinsurance reserves. The three months ended September 30, 2004 includes environmental reserve strengthening of $75, before tax, and $49, after tax. The three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73, before tax, and $47, after tax.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the six months ended June 30, 2004, the net reserve release related to September 11.
[5]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne.
[6]	Operating income for Property & Casualty before the impact of the $90 decrease in estimated earned premiums on retrospectively-rated policies and prior year development is $654 for the six months ended June 30, 2004.
[7]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after tax.

PC-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,548		$	2,575		$	2,374		$	2,581		$	2,722			7	%		5	%	$	4,945		$	5,303			7	%
Change in reserve		195			101			(107	)		74			144			(26	%)		95	%		406			218			(46	%)
Earned premiums [1]		2,353			2,474			2,481			2,507			2,578			10	%		3	%		4,539			5,085			12	%
Loss and loss adjustment expenses
Current year		1,535			1,996			1,590			1,580			1,655			8	%		5	%		3,004			3,235			8	%
Prior year [2]		221			144			100			34			33			(85	%)		(3	%)		170			67			(61	%)
Total loss and loss adjustment expenses [3]		1,756			2,140			1,690			1,614			1,688			(4	%)		5	%		3,174			3,302			4	%
Underwriting expenses		611			657			608			632			662			8	%		5	%		1,216			1,294			6	%
Dividends to policyholders		(1	)		7			(1	)		4			4		NM				—			6			8			33	%
Underwriting results		(13	)		(330	)		184			257			224		NM				(13	%)		143			481		NM
Net servicing income		21			10			2			13			15			(29	%)		15	%		30			28			(7	%)
Net investment income		295			309			333			337			328			11	%		(3	%)		606			665			10	%
Periodic net coupon settlements on non-qualifying derivatives, before-tax [4]		3			1			1			—			—			(100	%)		—			7			—			(100	%)
Other expenses		(60	)		(53	)		(54	)		(60	)		(39	)		35	%		35	%		(128	)		(99	)		23	%
Income tax expense		(58	)		50			(135	)		(161	)		(159	)		(174	%)		1	%		(173	)		(320	)		(85	%)
Operating income (loss), before tax related items		188			(13	)		331			386			369			96	%		(4	%)		485			755			56	%
Tax related items [5]		—			26			—			—			—			—			—			—			—			—
Operating income (loss)		188			13			331			386			369			96	%		(4	%)		485			755			56	%
Add: Net realized capital gains, after-tax [4]		15			11			11			31			—			(100	%)		(100	%)		59			31			(47	%)
Net income (loss)	$	203		$	24		$	342		$	417		$	369			82	%		(12	%)	$	544		$	786			44	%
Total Property & Casualty effective tax rate — net income		24.8	%	NM				29.0	%		29.9	%		30.0	%		5.2			0.1			27.3	%		30.0	%		2.7
Total Property & Casualty effective tax rate — operating income [4]		23.8	%	NM				28.8	%		29.5	%		30.0	%		6.2			0.5			26.3	%		29.7	%		3.4

[1]	Earned premiums for the six months ended June 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. Earned premiums for the three months ended September 30, 2004 are net of catastrophe treaty reinstatement premium of $17.
[2]	The six months ended June 30, 2004 includes a net reserve release of $395 related to September 11, an increase in reserves of $190 for construction defects claims and an increase in reserves of $130 for assumed casualty reinsurance. The three months ended June 30, 2004 includes a reduction in net reinsurance recoverables of $181. The three months ended September 30, 2004 includes environmental reserve strengthening of $75. The three and six months ended June 30, 2005 includes a net reserve release of $95 in Personal Lines, predominantly related to allocated loss adjustment expenses on auto liability claims. Additionally, the three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73.
[3]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne.
[4]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after tax.
[5]	Tax benefit related to the audit settlement of tax years prior to 2004.

PC-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

CONSOLIDATING UNDERWRITING RESULTS

FOR THE THREE MONTHS ENDED JUNE 30, 2005

															Total
	Business			Personal			Specialty		Ongoing			Other			Property &
	Insurance			Lines			Commercial		Operations			Operations			Casualty
UNDERWRITING RESULTS
Written premiums	$	1,247		$	975		$	500	$	2,722		$	—		$	2,722
Change in reserve		50			61			32		143			1			144
Earned premiums		1,197			914			468		2,579			(1	)		2,578
Loss and loss adjustment expenses
Current year		722			603			330		1,655			—			1,655
Prior year [1]		(8	)		(94	)		28		(74	)		107			33
Total loss and loss adjustment expenses		714			509			358		1,581			107			1,688
Underwriting expenses		340			217			103		660			2			662
Dividends to policyholders		2			—			2		4			—			4
Underwriting results	$	141		$	188		$	5	$	334		$	(110	)	$	224
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		60.2			65.9			70.9		64.2
Prior year [1] [2]		(0.6	)		(10.3	)		5.8		(2.9	)
Total loss and loss adjustment expenses		59.6			55.6			76.7		61.3
Expenses		28.4			23.8			21.7		25.6
Policyholder dividends		0.2			—			0.4		0.2
Combined ratio		88.2			79.4			98.8		87.0
Catastrophe ratio [2]		0.6			2.4			3.3		1.7
Combined ratio before catastrophes		87.6			77.0			95.5		85.3
Combined ratio before catastrophes and prior year development [2]		88.2			87.5			91.0		88.5

[1]	Personal Lines includes a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims. Other Operations includes assumed reinsurance reserve strengthening of $73.
[2]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

CONSOLIDATING UNDERWRITING RESULTS

FOR THE SIX MONTHS ENDED JUNE 30, 2005

														Total
	Business		Personal			Specialty		Ongoing			Other			Property &
	Insurance		Lines			Commercial		Operations			Operations			Casualty
UNDERWRITING RESULTS
Written premiums	$	2,485	$	1,839		$	977	$	5,301		$	2		$	5,303
Change in reserve		138		36			44		218			—			218
Earned premiums		2,347		1,803			933		5,083			2			5,085
Loss and loss adjustment expenses
Current year		1,411		1,180			644		3,235			—			3,235
Prior year [1]		—		(105	)		37		(68	)		135			67
Total loss and loss adjustment expenses		1,411		1,075			681		3,167			135			3,302
Underwriting expenses		673		413			203		1,289			5			1,294
Dividends to policyholders		4		—			4		8			—			8
Underwriting results	$	259	$	315		$	45	$	619		$	(138	)	$	481
UNDERWRITING RATIOS
Loss and loss adjustment expenses Current year		60.1		65.4			69.0		63.6
Prior year [1] [2]		—		(5.8	)		3.9		(1.3	)
Total loss and loss adjustment expenses		60.2		59.6			72.9		62.3
Expenses		28.6		22.9			21.8		25.4
Policyholder dividends		0.2		—			0.4		0.2
Combined ratio		89.0		82.5			95.1		87.8
Catastrophe ratio [2]		1.1		2.4			2.4		1.8
Combined ratio before catastrophes		87.9		80.1			92.7		86.0
Combined ratio before catastrophes and prior year development [2]		88.3		86.2			89.5		87.8

[1]	The three months ended June 30, 2005 includes a net reserve release of $95 in Personal Lines, predominantly related to allocated loss adjustment expenses on auto liability claims and assumed reinsurance reserve strengthening of $73 in Other Operations.
[2]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses.

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

ONGOING OPERATIONS

UNDERWRITING RESULTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,		June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005		2005			Change			Change			2004			2005			Change
UNDERWRITING RESULTS
Written premiums	$	2,552		$	2,581		$	2,373		$	2,579	$	2,722			7	%		6	%	$	4,950		$	5,301			7	%
Change in reserve		213			103			(106	)		75		143			(33	%)		91	%		437			218			(50	%)
Earned premiums [1] [2]		2,339			2,478			2,479			2,504		2,579			10	%		3	%		4,513			5,083			13	%
Loss and loss adjustment expenses
Current year		1,524			1,991			1,587			1,580		1,655			9	%		5	%		2,976			3,235			9	%
Prior year [3]		16			53			35			6		(74	)	NM			NM				(83	)		(68	)		18	%
Total loss and loss adjustment expenses [4]		1,540			2,044			1,622			1,586		1,581			3	%		—			2,893			3,167			9	%
Underwriting expenses		599			647			615			629		660			10	%		5	%		1,192			1,289			8	%
Dividends to policyholders		(1	)		7			(1	)		4		4		NM				—			6			8			33	%
Underwriting results	$	201		$	(220	)	$	243		$	285	$	334			66	%		17	%	$	422		$	619			47	%
UNDERWRITING RATIOS [1]
Loss and loss adjustment expenses
Current year		65.2			80.4			63.9			63.1		64.2			1.0			(1.1	)		65.9			63.6			2.3
Prior year [3] [5]		0.7			2.1			1.4			0.2		(2.9	)		3.6			3.1			(1.8	)		(1.3	)		(0.5	)
Total loss and loss adjustment expenses		65.8			82.5			65.4			63.3		61.3			4.5			2.0			64.1			62.3			1.8
Expenses [2]		25.6			26.1			24.8			25.1		25.6			—			(0.5	)		26.4			25.4			1.0
Policyholder dividends		—			0.3			—			0.2		0.2			(0.2	)		—			0.1			0.2			(0.1	)
Combined ratio		91.4			108.9			90.2			88.6		87.0			4.4			1.6			90.6			87.8			2.8
Catastrophe ratio [5]		2.4			15.6			1.2			1.9		1.7			0.7			0.2			(4.6	)		1.8			(6.4	)
Combined ratio before catastrophes		89.0			93.3			89.0			86.8		85.3			3.7			1.5			95.2			86.0			9.2
Combined ratio before catastrophes and prior year development [2] [4]		88.5			90.5			87.6			87.1		88.5			—			(1.4	)		90.5			87.8			2.7

[1] Ongoing Operations earned premiums for the six months ended June 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. The six months ended June 30, 2004 also included a net reserve release of $298 related to September 11 and an increase in reserves of $190 for construction defects claims. Other prior year loss development for the six months ended June 30, 2004 includes an increase in reserves of $25. The following table shows underwriting ratios for the six months ended June 30, 2004 before giving effect of these items:

Loss and loss adjustment expenses
Current year	64.6
Prior year	—
Total loss and loss adjustment expenses	64.6
Expenses	25.9
Policyholder dividends	0.1
Combined ratio	90.7
Catastrophe ratio	1.9
Combined ratio before catastrophes	88.7
Combined ratio before catastrophes and prior year development	88.7

[2]	Earned premiums for the three months ended September 30, 2004 include catastrophe treaty reinstatement premium of $17.
[3]	The six months ended June 30, 2004 includes a net reserve release of $298 related to September 11 and an increase in reserves of $190 for construction defects claims. The three and six months ended June 30, 2005 includes a net reserve release of $95 in Personal Lines, predominately related to allocated loss adjustment expenses on auto liability claims.
[4]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne.
[5]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the six months ended June 30, 2004, the net reserve release related to September 11.

PC-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

BUSINESS INSURANCE

UNDERWRITING RESULTS

														Year Over
	THREE MONTHS ENDED													Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,			Dec. 31,			March 31,		June 30,			3 Month			3 Month			JUNE 30,
	2004		2004			2004			2005		2005			Change			Change			2004			2005		Change
UNDERWRITING RESULTS
Written premiums	$	1,134	$	1,148		$	1,157		$	1,238	$	1,247			10	%		1	%	$	2,270		$	2,485		9	%
Change in reserve		73		53			32			88		50			(32	%)		(43	%)		191			138		(28	%)
Earned premiums [1] [2]		1,061		1,095			1,125			1,150		1,197			13	%		4	%		2,079			2,347		13	%
Loss and loss adjustment expenses
Current year		634		753			687			689		722			14	%		5	%		1,260			1,411		12	%
Prior year		9		30			41			8		(8	)	NM			NM				(138	)		—		100	%
Total loss and loss adjustment expenses [3]		643		783			728			697		714			11	%		2	%		1,122			1,411		26	%
Underwriting expenses		316		333			337			333		340			8	%		2	%		626			673		8	%
Dividends to policyholders		5		4			(3	)		2		2			(60	%)		—			9			4		(56	%)
Underwriting results	$	97	$	(25	)	$	63		$	118	$	141			45	%		19	%	$	322		$	259		(20	%)
UNDERWRITING RATIOS [1]
Loss and loss adjustment expenses
Current year		59.6		68.8			61.0			60.0		60.2			(0.6	)		(0.2	)		60.6			60.1		0.5
Prior year [4]		0.8		2.8			3.7			0.7		(0.6	)		1.4			1.3			(6.7	)		—		(6.7	)
Total loss and loss adjustment expenses		60.4		71.6			64.7			60.7		59.6			0.8			1.1			53.9			60.2		(6.3	)
Expenses		30.0		30.3			29.9			28.9		28.4			1.6			0.5			30.2			28.6		1.6
Policyholder dividends		0.4		0.4			(0.2	)		0.2		0.2			0.2			—			0.4			0.2		0.2
Combined ratio		90.8		102.3			94.4			89.8		88.2			2.6			1.6			84.5			89.0		(4.5	)
Catastrophe ratio [4]		1.7		8.1			1.0			1.5		0.6			1.1			0.9			(6.7	)		1.1		(7.8	)
Combined ratio before catastrophes		89.1		94.2			93.4			88.2		87.6			1.5			0.6			91.2			87.9		3.3
Combined ratio before catastrophes and prior year development		88.3		90.7			89.7			88.3		88.2			0.1			0.1			89.3			88.3		1.0

[1]	The six months ended June 30, 2004 includes a net reserve release of $175 related to September 11 and an increase in reserves of $23 for construction defects claims.
[2]	Earned premiums for the three months ended September 30, 2004 are net of catastrophe treaty reinstatement premium of $6.
[3]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the six months ended June 30, 2004, the net reserve release related to September 11.

PC-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

BUSINESS INSURANCE

WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004		2005		2005		Change			Change			2004		2005		Change
WRITTEN PREMIUMS [1]
Small Commercial	$	577	$	549	$	569	$	658	$	642		11	%		(2	%)	$	1,137	$	1,300		14	%
Middle Market		557		599		588		580		605		9	%		4	%		1,133		1,185		5	%
Total	$	1,134	$	1,148	$	1,157	$	1,238	$	1,247		10	%		1	%	$	2,270	$	2,485		9	%
EARNED PREMIUMS [1]
Small Commercial	$	521	$	526	$	549	$	572	$	609		17	%		6	%	$	1,002	$	1,181		18	%
Middle Market		540		569		576		578		588		9	%		2	%		1,077		1,166		8	%
Total	$	1,061	$	1,095	$	1,125	$	1,150	$	1,197		13	%		4	%	$	2,079	$	2,347		13	%

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

PC-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

PERSONAL LINES

UNDERWRITING RESULTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004		2004			2004			2005			2005			Change			Change			2004		2005			Change
UNDERWRITING RESULTS
Written premiums	$	945	$	920		$	856		$	864		$	975			3	%		13	%	$	1,781	$	1,839			3	%
Change in reserve		84		53			(26	)		(25	)		61			(27	%)	NM				85		36			(58	%)
Earned premiums [1]		861		867			882			889			914			6	%		3	%		1,696		1,803			6	%
Loss and loss adjustment expenses
Current year		588		797			591			577			603			3	%		5	%		1,121		1,180			5	%
Prior year [2]		4		2			(4	)		(11	)		(94	)	NM			NM				5		(105	)	NM
Total loss and loss adjustment expenses [3]		592		799			587			566			509			(14	%)		(10	%)		1,126		1,075			(5	%)
Underwriting expenses		194		205			201			196			217			12	%		11	%		389		413			6	%
Underwriting results	$	75	$	(137	)	$	94		$	127		$	188			151	%		48	%	$	181	$	315			74	%
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		68.1		91.9			67.1			65.0			65.9			2.2			(0.9	)		66.1		65.4			0.7
Prior year [2] [4]		0.5		0.2			(0.4	)		(1.2	)		(10.3	)		10.8			9.1			0.3		(5.8	)		6.1
Total loss and loss adjustment expenses		68.6		92.1			66.7			63.7			55.6			13.0			8.1			66.4		59.6			6.8
Expenses		22.6		23.7			22.6			22.0			23.8			(1.2	)		(1.8	)		22.9		22.9			—
Combined ratio		91.3		115.8			89.3			85.8			79.4			11.9			6.4			89.4		82.5			6.9
Catastrophe ratio [4]		3.7		25.1			(0.3	)		2.5			2.4			1.3			0.1			2.2		2.4			(0.2	)
Combined ratio before catastrophes		87.6		90.6			89.6			83.3			77.0			10.6			6.3			87.1		80.1			7.0
Combined ratio before catastrophes and prior year development		87.2		89.4			90.0			85.0			87.5			(0.3	)		(2.5	)		86.6		86.2			0.4
COMBINED RATIO
Automobile		95.2		98.9			98.5			89.6			81.5			13.7			8.1			92.7		85.5			7.2
Homeowners		79.0		171.5			60.2			73.7			73.1			5.9			0.6			78.9		73.4			5.5
Total		91.3		115.8			89.3			85.8			79.4			11.9			6.4			89.4		82.5			6.9

[1]	Earned premiums for the three months ended September 30, 2004 are net of catastrophe treaty reinstatement premium of $7.
[2]	The six months ended June 30, 2004 includes a net reserve release of $7 related to September 11. The three and six months ended June 30, 2005 includes a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.
[3]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the six months ended June 30, 2004, the net reserve release related to September 11.

PC-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

PERSONAL LINES

WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004		2005		2005		Change			Change			2004		2005		Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	604	$	583	$	534	$	550	$	635		5	%		15	%	$	1,127	$	1,185		5	%
Other Affinity		33		30		31		29		28		(15	%)		(3	%)		67		57		(15	%)
Agency		243		248		241		232		267		10	%		15	%		453		499		10	%
Omni		65		59		50		53		45		(31	%)		(15	%)		134		98		(27	%)
Total	$	945	$	920	$	856	$	864	$	975		3	%		13	%	$	1,781	$	1,839		3	%
EARNED PREMIUMS [1]
AARP	$	536	$	540	$	550	$	560	$	579		8	%		3	%	$	1,056	$	1,139		8	%
Other Affinity		35		34		33		31		31		(11	%)		—			71		62		(13	%)
Agency		225		229		238		242		252		12	%		4	%		440		494		12	%
Omni		65		64		61		56		52		(20	%)		(7	%)		129		108		(16	%)
Total	$	861	$	867	$	882	$	889	$	914		6	%		3	%	$	1,696	$	1,803		6	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	706	$	685	$	645	$	672	$	720		2	%		7	%	$	1,355	$	1,392		3	%
Homeowners		239		235		211		192		255		7	%		33	%		426		447		5	%
Total	$	945	$	920	$	856	$	864	$	975		3	%		13	%	$	1,781	$	1,839		3	%
EARNED PREMIUMS [1]
Automobile	$	653	$	665	$	671	$	674	$	684		5	%		1	%	$	1,286	$	1,358		6	%
Homeowners		208		202		211		215		230		11	%		7	%		410		445		9	%
Total	$	861	$	867	$	882	$	889	$	914		6	%		3	%	$	1,696	$	1,803		6	%

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

PC-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

SPECIALTY COMMERCIAL

UNDERWRITING RESULTS

	THREE MONTHS ENDED													Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005		2005		Change			Change			2004			2005		Change
UNDERWRITING RESULTS
Written premiums	$	473		$	513		$	360		$	477	$	500		6	%		5	%	$	899		$	977		9	%
Change in reserve		56			(3	)		(112	)		12		32		(43	%)		167	%		161			44		(73	%)
Earned premiums [1] [2]		417			516			472			465		468		12	%		1	%		738			933		26	%
Loss and loss adjustment expenses
Current year		302			441			309			314		330		9	%		5	%		595			644		8	%
Prior year		3			21			(2	)		9		28	NM			NM				50			37		(26	%)
Total loss and loss adjustment expenses [3]		305			462			307			323		358		17	%		11	%		645			681		6	%
Underwriting expenses		89			109			77			100		103		16	%		3	%		177			203		15	%
Dividends to policyholders		(6	)		3			2			2		2	NM				—			(3	)		4	NM
Underwriting results	$	29		$	(58	)	$	86		$	40	$	5		(83	%)		(88	%)	$	(81	)	$	45	NM
UNDERWRITING RATIOS [1]
Loss and loss adjustment expenses
Current year		73.2			85.9			64.9			67.1		70.9		2.3			(3.8	)		80.6			69.0		11.6
Prior year [4]		0.6			3.9			(0.4	)		1.9		5.8		(5.2	)		(3.9	)		6.8			3.9		2.9
Total loss and loss adjustment expenses		73.8			89.8			64.5			69.1		76.7		(2.9	)		(7.6	)		87.5			72.9		14.6
Expenses		20.4			21.3			16.9			21.9		21.7		(1.3	)		0.2			23.8			21.8		2.0
Policyholder dividends		(1.2	)		0.4			0.5			0.4		0.4		(1.6	)		—			(0.3	)		0.4		(0.7	)
Combined ratio		93.1			111.4			81.8			91.3		98.8		(5.7	)		(7.5	)		110.9			95.1		15.8
Catastrophe ratio [4]		1.6			15.7			4.2			1.5		3.3		(1.7	)		(1.8	)		(14.5	)		2.4		(16.9	)
Combined ratio before catastrophes		91.5			95.7			77.6			89.8		95.5		(4.0	)		(5.7	)		125.4			92.7		32.7
Combined ratio before catastrophes and prior year development		91.7			91.9			78.0			88.0		91.0		0.7			(3.0	)		102.9			89.5		13.4

Loss and loss adjustment expenses
Current year	71.9
Prior year	—
Total loss and loss adjustment expenses	71.9
Expenses	21.2
Policyholder dividends	(0.3	)
Combined ratio	92.8
Catastrophe ratio	1.1
Combined ratio before catastrophes	91.7
Combined ratio before catastrophes and prior year development	91.7

[2]	Earned premiums for the three months ended September 30, 2004 are net of catastrophe treaty reinstatement premium of $4.
[3]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the six months ended June 30, 2004, the net reserve release related to September 11.

PC-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
WRITTEN AND EARNED PREMIUMS

												Year Over
	THREE MONTHS ENDED											Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,			March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2004		2004		2004			2005		2005		Change			Change			2004		2005		Change
WRITTEN PREMIUMS [1]
Property	$	122	$	166	$	72		$	66	$	75		(39	%)		14	%	$	205	$	141		(31	%)
Casualty		182		197		172			242		239		31	%		(1	%)		374		481		29	%
Bond		50		51		48			52		59		18	%		13	%		98		111		13	%
Professional Liability		85		86		93			76		89		5	%		17	%		163		165		1	%
Other		34		13		(25	)		41		38		12	%		(7	%)		59		79		34	%
Total	$	473	$	513	$	360		$	477	$	500		6	%		5	%	$	899	$	977		9	%
EARNED PREMIUMS [1]
Property	$	99	$	157	$	118		$	76	$	72		(27	%)		(5	%)	$	186	$	148		(20	%)
Casualty [2]		163		193		198			214		221		36	%		3	%		244		435		78	%
Bond		49		47		48			49		52		6	%		6	%		93		101		9	%
Professional Liability		82		84		87			82		84		2	%		2	%		164		166		1	%
Other		24		35		21			44		39		63	%		(11	%)		51		83		63	%
Total	$	417	$	516	$	472		$	465	$	468		12	%		1	%	$	738	$	933		26	%

[1]	The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.
[2]	Earned premiums for the six months ended June 30, 2004 were reduced by $90 to reflect a decrease in estimated earned premiums on retrospectively-rated policies.

PC-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2004			2004			2004			2005			2005
Written Price Increases
Business Insurance		3	%		1	%		2	%		—			-1	%
Personal Lines Automobile		4	%		3	%		3	%		—			-1	%
Personal Lines Homeowners		9	%		8	%		8	%		5	%		8	%
Premium Retention
Business Insurance		85	%		86	%		85	%		84	%		84	%
Personal Lines Automobile		88	%		90	%		89	%		87	%		87	%
Personal Lines Homeowners		101	%		101	%		96	%		94	%		94	%
New Business % to Net Written Premium
Business Insurance		24	%		25	%		26	%		24	%		24	%
Personal Lines Automobile		18	%		18	%		16	%		16	%		15	%
Personal Lines Homeowners		13	%		14	%		14	%		14	%		13	%

PC-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
OTHER OPERATIONS
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
UNDERWRITING RESULTS
Written premiums	$	(4	)	$	(6	)	$	1		$	2		$	—			100	%		(100	%)	$	(5	)	$	2		NM
Change in reserve		(18	)		(2	)		(1	)		(1	)		1		NM			NM				(31	)		—			100	%
Earned premiums		14			(4	)		2			3			(1	)	NM			NM				26			2			(92	%)
Loss and loss adjustment expenses
Current year		11			5			3			—			—			(100	%)		—			28			—			(100	%)
Prior year [1]		205			91			65			28			107			(48	%)	NM				253			135			(47	%)
Total loss and loss adjustment expenses		216			96			68			28			107			(50	%)	NM				281			135			(52	%)
Underwriting expenses		12			10			(7	)		3			2			(83	%)		(33	%)		24			5			(79	%)
Underwriting results	$	(214	)	$	(110	)	$	(59	)	$	(28	)	$	(110	)		49	%	NM			$	(279	)	$	(138	)		51	%

[1] During the three months ended June 30, 2004, the Company completed an evaluation of the reinsurance recoverable asset associated with older, long-term casualty liabilities. As a result of this evaluation, the Company reduced its net reinsurance recoverable by $181. Additionally, the six months ended June 30, 2004 includes a net reserve release of $97 related to September 11 and an increase of $130 for assumed casualty reinsurance reserves. The three months ended September 30, 2004 includes environmental reserve strengthening of $75. The three months ended December 31, 2004 includes an increase of $40 for assumed casualty reinsurance reserves. The three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73.

PC-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
OTHER OPERATIONS CLAIMS AND CLAIM ADJUSTMENT EXPENSES

For the Three Months Ended June 30, 2005	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	2,386		$	356		$	2,410		$	5,152
Claims and claim adjustment expenses incurred		4			14			89			107
Claims and claim adjustment expenses paid		(28	)		(32	)		(117	)		(177	)
Ending liability – net [2] [3]	$	2,362	[4]	$	338		$	2,382		$	5,082

For the Six Months Ended June 30, 2005	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	2,471		$	385		$	2,514		$	5,370
Claims and claim adjustment expenses incurred		13			14			108			135
Claims and claim adjustment expenses paid		(122	)		(61	)		(240	)		(423	)
Ending liability – net [2] [3]	$	2,362	[4]	$	338		$	2,382		$	5,082

[1]	“All Other” includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.
[2]	Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $10 and $8, respectively, as of June 30, 2005, $11 and $8, respectively, as of March 31, 2005, and $13 and $9, respectively, as of December 31, 2004. Total net claim and claim adjustment expenses incurred in Ongoing Operations for the three and six months ended June 30, 2005 includes $2 and $5, respectively, related to asbestos and environmental claims. Total net claim and claim adjustment expenses paid in Ongoing Operations for the three and six months ended June 30, 2005 includes $3 and $9, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $4,033 and $446, respectively, as of June 30, 2005, $4,138 and $475, respectively, as of March 31, 2005, and $4,322 and $501, respectively, as of December 31, 2004.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $196 and $523, respectively, resulting in a one year net survival ratio of 12.0 and a three year net survival ratio of 4.5 (13.3 excluding the MacArthur payments). Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
SUMMARY OF GROSS ASBESTOS RESERVES
AS OF JUNE 30, 2005

							% of					3 Year Gross
	Number of Accounts [1]		All Time Paid [2]		Total Reserves		Asbestos Reserves			All Time Ultimate [2]		Survival Ratio [3][4]
												(in years)
Major Asbestos Defendants [5]
Structured settlements (includes 3 Wellington accounts)		7	$	335	$	412		10	%	$	747		7.7
Wellington (direct only)		30		726		144		4	%		870		4.3
Other major asbestos defendants		28		334		252		6	%		586		5.3
No known policies (includes 3 Wellington accounts)		5		—		—		—			—		—
Accounts with future exposure > $2.5		91		523		1,153		29	%		1,676		10.5
Accounts with future exposure < $2.5		1,007		152		135		3	%		287		5.0
Unallocated [6]				1,416		703		17	%		2,119		—
Total direct			$	3,486	$	2,799		69	%	$	6,285		4.0
Assumed reinsurance				667		811		20	%		1,478		12.7
London market				429		423		11	%		852		10.5
Total as of June 30, 2005			$	4,582	$	4,033		100	%	$	8,615		5.0
Total as of June 30, 2005, excluding MacArthur Settlement [7]			$	3,432									9.7

[1]	An account may move between categories from one evaluation to the next. Reclassifications were made as a result of the reserve evaluation completed in the second quarter of 2005.
[2]	“All Time Paid” represents the total payments with respect to the indicated claim type that have already been made by the Company as of the indicated balance sheet date. “All Time Ultimate” represents the Company’s estimate, as of the indicated balance sheet date, of the total payments that are ultimately expected to be made to fully settle the indicated payment type. The amount is the sum of the amounts already paid (e.g., “All Time Paid”) and the estimated future payments (e.g., the amount shown in the column labeled “Total Reserves”).
[3]	Survival ratio is a commonly used industry ratio for comparing reserve levels between companies. While the method is commonly used, it is not a predictive technique. Survival ratios may vary over time for numerous reasons such as large payments due to the final resolution of certain asbestos liabilities, or reserve re-estimates. The survival ratio presented in the above table is computed by dividing the recorded reserves by the average of the past three years of payments. The ratio is the calculated number of years the recorded reserves would survive if future annual payments were equal to the average annual payments for the past three years. The 3-year gross survival ratio as of June 30, 2005 is computed based on total paid losses of $2,404 for the period from July 1, 2002 to June 30, 2005.
[4]	As of June 30, 2005, the one year gross paid amount for total asbestos claims is $567, resulting in a one year gross survival ratio of 7.1.
[5]	Includes 32 open accounts at June 30, 2005. Included 35 open accounts at March 31, 2004.
[6]	Includes closed accounts (exclusive of Major Asbestos Defendants) and unallocated IBNR.
[7]	Excludes the $1.15 billion in payments for the MacArthur settlement in the first quarter of 2004.

PC-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
PAID AND INCURRED LOSS AND LOSS ADJUSTMENT EXPENSE (“LAE”)
DEVELOPMENT — ASBESTOS AND ENVIRONMENTAL

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid		Incurred
For the Three Months Ended June 30, 2005	Loss & LAE			Loss & LAE			Loss & LAE		Loss & LAE
Gross
Direct	$	75		$	1		$	19	$	1
Assumed — Domestic		19			(4	)		7		(1	)
London Market		7			—			3		—
Total		101			(3	)		29		—
Ceded		(73	)		7			3		14
Net	$	28		$	4		$	32	$	14

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid		Incurred
For the Six Months Ended June 30, 2005	Loss & LAE [1]			Loss & LAE			Loss & LAE		Loss & LAE
Gross
Direct	$	225		$	5		$	37	$	1
Assumed — Domestic		27			(4	)		12		(1	)
London Market		35			—			5		—
Total		287			1			54		—
Ceded		(165	)		12			7		14
Net	$	122		$	13		$	61	$	14

[1] Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three and six months ended June 30, 2005 includes $3 and $11, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and six months ended June 30, 2005 includes $4 and $15, respectively, related to asbestos and environmental claims.

PC-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Three Months Ended June 30, 2005
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 3/31/05 - gross	$	6,275		$	2,011		$	5,594		$	13,880		$	7,421		$	21,301
Reinsurance and other recoverables		516			178			2,115			2,809			2,269			5,078
Liabilities for unpaid claims and claim adjustment expenses at 3/31/05 - net		5,759			1,833			3,479			11,071			5,152			16,223
Provision for unpaid claims and claim adjustment expenses
Current year		722			603			330			1,655			—			1,655
Prior year		(8	)		(94	)		28			(74	)		107			33
Total provision for unpaid claims and claim adjustment expenses		714			509			358			1,581			107			1,688
Payments		(550	)		(553	)		(310	)		(1,413	)		(177	)		(1,590	)
Liabilities for unpaid claims and claim adjustment expenses at 6/30/05 - net		5,923			1,789			3,527			11,239			5,082			16,321
Reinsurance and other recoverables		476			142			2,017			2,635			2,148			4,783
Liabilities for unpaid claims and claim adjustment expenses at 6/30/05 - gross	$	6,399		$	1,931		$	5,544		$	13,874		$	7,230		$	21,104
Earned premiums	$	1,197		$	914		$	468		$	2,579		$	(1	)	$	2,578
Loss and loss expense paid ratio		45.9			60.3			65.9			54.6
Loss and loss expense incurred ratio		59.6			55.6			76.7			61.3
Prior accident year development (pts.)		(0.6	)		(10.3	)		5.8			(2.9	)

PC-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Six Months Ended June 30, 2005
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 1/1/05 - gross	$	6,057		$	2,000		$	5,519		$	13,576		$	7,753		$	21,329
Reinsurance and other recoverables		474			190			2,091			2,755			2,383			5,138
Liabilities for unpaid claims and claim adjustment expenses at 1/1/05 - net		5,583			1,810			3,428			10,821			5,370			16,191
Provision for unpaid claims and claim adjustment expenses
Current year		1,411			1,180			644			3,235			—			3,235
Prior year		—			(105	)		37			(68	)		135			67
Total provision for unpaid claims and claim adjustment expenses		1,411			1,075			681			3,167			135			3,302
Payments		(1,071	)		(1,096	)		(582	)		(2,749	)		(423	)		(3,172	)
Liabilities for unpaid claims and claim adjustment expenses at 6/30/05 - net		5,923			1,789			3,527			11,239			5,082			16,321
Reinsurance and other recoverables		476			142			2,017			2,635			2,148			4,783
Liabilities for unpaid claims and claim adjustment expenses at 6/30/05 - gross	$	6,399		$	1,931		$	5,544		$	13,874		$	7,230		$	21,104
Earned premiums	$	2,347		$	1,803		$	933		$	5,083		$	2		$	5,085
Loss and loss expense paid ratio		45.6			60.8			62.3			54.1
Loss and loss expense incurred ratio		60.2			59.6			72.9			62.3
Prior accident year development (pts.)		—			(5.8	)		3.9			(1.3	)

PC-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
REINSURANCE RECOVERABLE ANALYSIS

	June 30,			December 31,
	2005			2004
Gross Reinsurance Recoverable [1]
Paid Loss and Loss Adjustment Expense	$	638		$	646
Unpaid Loss and Loss Adjustment Expense		4,689			4,913
Subtotal Gross Reinsurance Recoverable		5,327			5,559
Less: Allowance for Uncollectible Reinsurance		(384	)		(374	)
Net Property & Casualty Reinsurance Recoverable	$	4,943		$	5,185

Distribution of Net Recoverable as of December 31, 2004	% of			% of Rated			% of Rated
	Amount			Total			Companies
Net Property & Casualty Reinsurance Recoverables	$	5,185
Less: Mandatory (Assigned Risk) Pools		(433	)
Net P&C Reinsurance Recoverable Excluding Mandatory Pools	$	4,752
Rated A- (Excellent) or better by A.M. Best [2]	$	3,134			66.0	%		93.1	%
Other Rated by A.M. Best [2]		231			4.9	%		6.9	%
Total Rated Companies		3,365			70.9	%		100.0	%
Voluntary Pools		227			4.8	%
Captives		150			3.2	%
Other Not Rated Companies		1,010			21.1	%
Total	$	4,752			100.0	%

[1]	Net of commutations, settlements and known insolvencies.
[2]	Based on A.M. Best ratings as of 12/31/04.

PC-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
CONSOLIDATED INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Earned premiums	$	2,353		$	2,474		$	2,481		$	2,507		$	2,578			10	%		3	%	$	4,539		$	5,085			12	%
Net investment income		295			309			333			337			328			11	%		(3	%)		606			665			10	%
Other revenues		117			107			108			112			115			(2	%)		3	%		221			227			3	%
Net realized capital gains		27			18			17			48			—			(100	%)		(100	%)		98			48			(51	%)
Total revenues		2,792			2,908			2,939			3,004			3,021			8	%		1	%		5,464			6,025			10	%
Benefits, claims and claim adjustment expenses [1] [2]		1,756			2,140			1,690			1,614			1,688			(4	%)		5	%		3,174			3,302			4	%
Amortization of deferred policy acquisition costs		455			471			478			492			494			9	%		—			901			986			9	%
Insurance operating costs and expenses		155			193			129			144			172			11	%		19	%		321			316			(2	%)
Other expenses		156			150			160			159			139			(11	%)		(13	%)		319			298			(7	%)
Total benefits and expenses		2,522			2,954			2,457			2,409			2,493			(1	%)		3	%		4,715			4,902			4	%
Income (loss) before income taxes		270			(46	)		482			595			528			96	%		(11	%)		749			1,123			50	%
Income tax expense (benefit) [3]		67			(70	)		140			178			159			137	%		(11	%)		205			337			64	%
Net income (loss)		203			24			342			417			369			82	%		(12	%)		544			786			44	%
Less: Net realized capital gains, after-tax [4]		15			11			11			31			—			(100	%)		(100	%)		59			31			(47	%)
Operating income (loss) [4]	$	188		$	13		$	331		$	386		$	369			96	%		(4	%)	$	485		$	755			56	%
Total Property & Casualty effective tax rate — net income		24.8	%	NM				29.0	%		29.9	%		30.0	%		5.2			0.1			27.3	%		30.0	%		2.7	%
Total Property & Casualty effective tax rate — operating income [4]		23.8	%	NM				28.8	%		29.5	%		30.0	%		6.2			0.5			26.3	%		29.7	%		3.4	%

[1]	The six months ended June 30, 2004 includes a net reserve release of $395 related to September 11, an increase in reserves of $190 for construction defects claims and an increase in reserves of $130 for assumed casualty reinsurance.
[2]	During the three months ended June 30, 2004, the Company completed an evaluation of the reinsurance recoverable asset associated with older, long-term casualty liabilities reported in the Other Operations segment. As a result of this evaluation, the Company reduced its net reinsurance recoverable by $181, before tax, and $118, after tax. The three months ended September 30, 2004 include environmental reserve strengthening of $75, before tax, and $49, after tax. The three and six months ended June 30, 2005 includes a net reserve release of $95, before tax, and $62, after tax in Personal Lines, predominantly related to allocated loss adjustment expenses on auto liability claims. Additionally, the three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73, before tax, and $47, after tax.
[3]	The three months ended September 30, 2004 include a $26 tax benefit related to the audit settlement of tax years prior to 2004.
[4]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after tax.

PC-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
CONSOLIDATED BALANCE SHEETS

	AS OF											Year Over
	June 30,		Sept. 30,		Dec. 31,			March 31,		June 30,		Year			Sequential
	2004		2004		2004			2005		2005		Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	22,774	$	23,932	$	24,410		$	24,130	$	24,550		8	%		2	%
Equity securities, available for sale, at fair value		201		201		307			427		589		193	%		38	%
Other investments		682		799		809			770		811		19	%		5	%
Total investments		23,657		24,932		25,526			25,327		25,950		10	%		2	%
Cash		186		194		215			241		256		38	%		6	%
Premiums receivable and agents’ balances		3,050		3,009		2,844			2,910		2,916		(4	%)		—
Reinsurance recoverables		4,990		5,139		5,185			5,186		4,943		(1	%)		(5	%)
Deferred policy acquisition costs		1,012		1,046		1,071			1,080		1,095		8	%		1	%
Deferred income tax		1,176		995		879			914		738		(37	%)		(19	%)
Goodwill		152		152		152			152		152		—			—
Property and equipment, net		435		444		461			464		466		7	%		—
Other assets		1,808		1,738		1,685			1,728		1,755		(3	%)		2	%
Total assets	$	36,466	$	37,649	$	38,018		$	38,002	$	38,271		5	%		1	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	20,562	$	21,314	$	21,329		$	21,301	$	21,104		3	%		(1	%)
Unearned premiums		4,795		4,865		4,763			4,886		4,987		4	%		2	%
Other liabilities		3,452		3,531		3,730			3,591		3,524		2	%		(2	%)
Total liabilities		28,809		29,710		29,822			29,778		29,615		3	%		(1	%)
Equity, x-AOCI, net of tax		7,374		7,320		7,542			7,876		8,080		10	%		3	%
AOCI, net of tax		283		619		654			348		576		104	%		66	%
Total stockholders’ equity		7,657		7,939		8,196			8,224		8,656		13	%		5	%
Total liabilities and stockholders’ equity	$	36,466	$	37,649	$	38,018		$	38,002	$	38,271		5	%		1	%
Hartford Fire NAIC RBC						447	%

PC-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	Mar. 31, 2005			Dec. 31, 2004
Statutory Capital and Surplus	$	6,641		$	6,335
GAAP Adjustments
Deferred policy acquisition costs		1,080			1,071
Deferred taxes		(361	)		(468	)
Benefit reserves		(250	)		(216	)
Unrealized gains on investments		468			776
Goodwill		152			152
Non-admitted assets		788			824
Other, net		(294	)		(278	)
GAAP Stockholders’ Equity	$	8,224		$	8,196

PC-22

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
CONSOLIDATED

																	Year Over
		THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
		2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable		$	778		$	813		$	818		$	826		$	850			9	%		3	%	$	1,570		$	1,676			7	%
Tax-exempt			122			122			124			128			131			7	%		2	%		242			259			7	%
Total fixed maturities			900			935			942			954			981			9	%		3	%		1,812			1,935			7	%
Equities
Available-for-sale			7			11			9			12			11			57	%		(8	%)		18			23			28	%
Trading securities			101			(174	)		416			221			303		NM				37	%		557			524			(6	%)
Total equities			108			(163	)		425			233			314			191	%		35	%		575			547			(5	%)
Mortgage loans			15			16			16			17			19			27	%		12	%		27			36			33	%
Real estate			—			1			4			—			2			—			—			1			2			100	%
Policy loans			47			46			48			36			36			(23	%)		—			92			72			(22	%)
Limited partnerships			9			7			22			18			19			111	%		6	%		13			37			185	%
Other	��		42			37			50			48			15			(64	%)		(69	%)		92			63			(32	%)
Subtotal			1,121			879			1,507			1,306			1,386			24	%		6	%		2,612			2,692			3	%
Less: Investment expense			11			13			18			13			16			45	%		23	%		24			29			21	%
Total net investment income		$	1,110		$	866		$	1,489		$	1,293		$	1,370			23	%		6	%	$	2,588		$	2,663			3	%
Less: Trading securities			101			(174	)		416			221			303		NM				37	%		557			524			(6	%)
Total net investment income excluding trading securities		$	1,009		$	1,040		$	1,073		$	1,072		$	1,067			6	%		—		$	2,031		$	2,139			5	%
Investment yield, before-tax [2]			5.6	%		5.7	%		5.7	%		5.6	%		5.6	%		—			—			5.7	%		5.6	%		(0.1	)
Investment yield, after-tax [2]			3.9	%		3.9	%		3.9	%		3.9	%		3.8	%		(0.1	)		(0.1	)		3.9	%		3.8	%		(0.1	)
Net Realized Capital Gains (Losses)
Fixed maturities		$	46		$	64		$	79		$	92		$	35			(24	%)		(62	%)	$	154		$	127			(18	%)
Equities			(3	)		—			(7	)		—			—			100	%		—			10			—			(100	%)
GMWB derivatives, net			6			—			4			7			1			(83	%)		(86	%)		4			8			100	%
Other [3]			3			(20	)		(40	)		29			(53	)	NM			NM				28			(24	)	NM
Total net realized capital gains (losses)		$	52		$	44		$	36		$	128		$	(17	)	NM			NM			$	196		$	111			(43	%)
Gross gains on sale		$	133		$	104		$	160		$	160		$	163			23	%		2	%	$	305		$	323			6	%
Gross losses on sale			(97	)		(34	)		(76	)		(67	)		(118	)		(22	%)		(76	%)		(120	)		(185	)		(54	%)
Impairments			(4	)		(6	)		(14	)		(1	)		(10	)		(150	%)	NM				(18	)		(11	)		39	%
GMWB derivatives, net			6			—			4			7			1			(83	%)		(86	%)		4			8			100	%
Other net gain (loss) [3]			14			(20	)		(38	)		29			(53	)	NM			NM				25			(24	)	NM
Total net realized capital gains (losses)		$	52		$	44		$	36		$	128		$	(17	)	NM			NM			$	196		$	111			(43	%)

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes trading securities, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments, foreign currency transaction remeasurements, as well as, the amortization of deferred acquisition costs associated with realized capital gains.

I-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
LIFE

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	582		$	608		$	608		$	612		$	635			9	%		4	%	$	1,171		$	1,247			6	%
Tax-exempt		27			27			27			27			28			4	%		4	%		52			55			6	%
Total fixed maturities		609			635			635			639			663			9	%		4	%		1,223			1,302			6	%
Equities
Available-for-sale		5			9			7			9			8			60	%		(11	%)		14			17			21	%
Trading securities		101			(174	)		416			221			303		NM				37	%		557			524			(6	%)
Total equities		106			(165	)		423			230			311			193	%		35	%		571			541			(5	%)
Mortgage loans		12			12			13			14			16			33	%		14	%		20			30			50	%
Policy loans		47			46			48			36			36			(23	%)		—			92			72			(22	%)
Limited partnerships		6			1			11			7			5			(17	%)		(29	%)		8			12			50	%
Other		37			31			33			33			16			(57	%)		(52	%)		73			49			(33	%)
Subtotal		817			560			1,163			959			1,047			28	%		9	%		1,987			2,006			1	%
Less: Investment expense		7			8			12			9			11			57	%		22	%		15			20			33	%
Total net investment income	$	810		$	552		$	1,151		$	950		$	1,036			28	%		9	%	$	1,972		$	1,986			1	%
Less: Trading securities		101			(174	)		416			221			303		NM				37	%		557			524			(6	%)
Total net investment income excluding trading securities	$	709		$	726		$	735		$	729		$	733			3	%		1	%	$	1,415		$	1,462			3	%
Investment yield, before-tax [2]		5.8	%		5.8	%		5.7	%		5.6	%		5.6	%		(0.2	)		—			5.8	%		5.6	%		(0.2	)
Investment yield, after-tax [2]		3.8	%		3.9	%		3.8	%		3.7	%		3.7	%		(0.1	)		—			3.8	%		3.7	%		(0.1	)
Net Realized Capital Gains (Losses)
Fixed maturities	$	21		$	45		$	57		$	49		$	34			62	%		(31	%)	$	79		$	83			5	%
Equities		(1	)		—			(3	)		—			—			100	%		—			8			—			(100	%)
GMWB derivatives, net		6			—			4			7			1			(83	%)		(86	%)		4			8			100	%
Other [3]		—			(17	)		(39	)		25			(51	)		—		NM				11			(26	)	NM
Total net realized capital gains (losses)	$	26		$	28		$	19		$	81		$	(16	)	NM			NM			$	102		$	65			(36	%)
Gross gains on sale	$	84		$	74		$	101		$	98		$	123			46	%		26	%	$	184		$	221			20	%
Gross losses on sale		(70	)		(24	)		(35	)		(48	)		(84	)		(20	%)		(75	%)		(88	)		(132	)		(50	%)
Impairments		(4	)		(4	)		(9	)		(1	)		(5	)		(25	%)	NM				(12	)		(6	)		50	%
GMWB derivatives, net		6			—			4			7			1			(83	%)		(86	%)		4			8			100	%
Other net gain (loss) [3]		10			(18	)		(42	)		25			(51	)	NM			NM				14			(26	)	NM
Total net realized capital gains (losses)	$	26		$	28		$	19		$	81		$	(16	)	NM			NM			$	102		$	65			(36	%)

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes trading securities, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments, foreign currency transaction remeasurements, as well as, the amortization of deferred acquisition costs associated with realized capital gains.

I-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
PROPERTY & CASUALTY

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2004			2004			2004			2005			2005			Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	196		$	204		$	210		$	212		$	213			9	%		—		$	399		$	425			7	%
Tax-exempt		95			95			97			101			103			8	%		2	%		190			204			7	%
Total fixed maturities		291			299			307			313			316			9	%		1	%		589			629			7	%
Equities		2			2			2			3			3			50	%		—			4			6			50	%
Mortgage loans		3			4			3			3			3			—			—			7			6			(14	%)
Real estate		—			1			4			—			2			—			—			1			2			100	%
Limited partnerships		3			6			11			11			14		NM				27	%		5			25		NM
Other		—			2			12			11			(5	)		—		NM				9			6			(33	%)
Subtotal		299			314			339			341			333			11	%		(2	%)		615			674			10	%
Less: Investment expense		4			5			6			4			5			25	%		25	%		9			9			—
Total net investment income	$	295		$	309		$	333		$	337		$	328			11	%		(3	%)	$	606		$	665			10	%
Investment yield, before-tax [2]		5.3	%		5.4	%		5.7	%		5.6	%		5.4	%		0.1			(0.2	)		5.4	%		5.5	%		0.1
Investment yield, after-tax [2]		3.9	%		4.0	%		4.2	%		4.2	%		4.0	%		0.1			(0.2	)		4.0	%		4.1	%		0.1
Net Realized Capital Gains (Losses)
Fixed maturities	$	25		$	19		$	22		$	43		$	1			(96	%)		(98	%)	$	75		$	44			(41	%)
Equities		(2	)		—			(4	)		—			—			100	%		—			2			—			(100	%)
Other [3]		4			(1	)		(1	)		5			(1	)	NM			NM				21			4			(81	%)
Total net realized capital gains (losses)	$	27		$	18		$	17		$	48		$	—			(100	%)		(100	%)	$	98		$	48			(51	%)
Gross gains on sale	$	49		$	30		$	59		$	62		$	40			(18	%)		(35	%)	$	121		$	102			(16	%)
Gross losses on sale		(27	)		(10	)		(41	)		(19	)		(34	)		(26	%)		(79	%)		(32	)		(53	)		(66	%)
Impairments		—			(2	)		(5	)		—			(5	)		—			—			(6	)		(5	)		17	%
Other net gain (loss) [3]		5			—			4			5			(1	)	NM			NM				15			4			(73	%)
Total net realized capital gains (losses)	$	27		$	18		$	17		$	48		$	—			(100	%)		(100	%)	$	98		$	48			(51	%)

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes the collateral received associated with the securities lending program.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments and foreign currency transaction remeasurments.

I-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
CORPORATE

															Year Over
	THREE MONTHS ENDED														Year			Sequential		SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,		March 31,			June 30,			3 Month			3 Month		JUNE 30,
	2004			2004			2004		2005			2005			Change			Change		2004			2005			Change
Net Investment Income
Fixed maturities [1] Taxable	$	—		$	1		$	—	$	2		$	2			—			—	$	—		$	4			—
Total fixed maturities		—			1			—		2			2			—			—		—			4			—
Other [2]		5			4			5		4			4			(20	%)		—		10			8			(20	%)
Total net investment income	$	5		$	5		$	5	$	6		$	6			20	%		—	$	10		$	12			20	%
Net Realized Capital Gains (Losses)
Other net gain (loss) [3]	$	(1	)	$	(2	)	$	—	$	(1	)	$	(1	)		—			—		(4	)		(2	)		50	%

[1]	Includes income on bonds.
[2]	In connection with the HLI Repurchase, the carrying value of the purchased fixed maturity investments was adjusted to fair market value as of the date of the repurchase. The amortization of the adjustment to the fixed maturity investments’ carrying values is reported in Corporate’s net investment income.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS
CONSOLIDATED

	June 30,					September 30,					December 31,					March 31,					June 30,
	2004					2004					2004					2005					2005
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	70,703		83.3	%	$	74,276		82.2	%	$	75,100		79.6	%	$	75,215		77.9	%	$	76,554		76.1	%
Equity securities, at fair value
Available-for-sale		584		0.7	%		650		0.7	%		832		0.9	%		1,089		1.1	%		1,382		1.4	%
Trading securities		8,995		10.6	%		10,685		11.8	%		13,634		14.4	%		15,855		16.5	%		17,955		17.8	%
Total equity securities, at fair value		9,579		11.3	%		11,335		12.5	%		14,466		15.3	%		16,944		17.6	%		19,337		19.2	%
Policy loans, at outstanding balance		2,650		3.1	%		2,665		2.9	%		2,662		2.8	%		2,119		2.2	%		2,140		2.1	%
Real estate/Mortgage loans, at cost		1,158		1.4	%		1,052		1.2	%		1,176		1.2	%		1,177		1.2	%		1,343		1.4	%
Limited partnerships, at fair value		390		0.5	%		412		0.5	%		433		0.5	%		459		0.5	%		524		0.5	%
Other investments [2]		369		0.4	%		632		0.7	%		571		0.6	%		594		0.6	%		726		0.7	%
Total investments	$	84,849		100.0	%	$	90,372		100.0	%	$	94,408		100.0	%	$	96,508		100.0	%	$	100,624		100.0	%
Less: Trading securities		8,995		10.6	%		10,685		11.8	%		13,634		14.4	%		15,855		16.5	%		17,955		17.8	%
Total investments excluding trading securities	$	75,854		89.4	%	$	79,687		88.2	%	$	80,774		85.6	%	$	80,653		83.5	%	$	82,669		82.2	%
HIMCO managed third party accounts	$	3,138				$	3,274				$	3,893				$	3,928				$	4,832
Asset-backed securities (“ABS”)	$	6,574		9.3	%	$	6,961		9.4	%	$	7,469		9.9	%	$	7,438		9.9	%	$	7,906		10.3	%
Commercial mortgage-backed securities (“CMBS”)		11,039		15.6	%		11,917		16.0	%		11,748		15.6	%		11,640		15.5	%		12,299		16.1	%
Collateralized mortgage obligation (“CMO”)		1,016		1.4	%		1,124		1.5	%		1,227		1.6	%		1,155		1.5	%		1,118		1.5	%
Corporate		32,587		46.1	%		33,904		45.7	%		34,153		45.6	%		34,743		46.2	%		35,426		46.3	%
Government/Government agencies — Foreign		1,380		2.0	%		1,645		2.2	%		1,796		2.4	%		1,596		2.1	%		1,483		1.9	%
Government/Government agencies — U.S.		1,072		1.5	%		1,115		1.5	%		1,132		1.5	%		1,142		1.5	%		848		1.1	%
Mortgage-backed securities (“MBS”) — agency		2,213		3.1	%		2,476		3.4	%		2,799		3.7	%		3,292		4.4	%		3,525		4.6	%
Municipal — taxable		827		1.2	%		897		1.2	%		944		1.3	%		1,022		1.4	%		1,188		1.5	%
Municipal — tax-exempt		10,043		14.2	%		10,307		13.9	%		10,393		13.8	%		10,237		13.6	%		10,436		13.6	%
Redeemable preferred stock		37		0.1	%		37		—			39		0.1	%		37		—			42		0.1	%
Short-term		3,915		5.5	%		3,893		5.2	%		3,400		4.5	%		2,913		3.9	%		2,283		3.0	%
Total fixed maturities [1]	$	70,703		100.0	%	$	74,276		100.0	%	$	75,100		100.0	%	$	75,215		100.0	%	$	76,554		100.0	%
AAA	$	16,968		24.0	%	$	18,755		25.3	%	$	18,787		25.0	%	$	18,246		24.3	%	$	18,965		24.8	%
AA		7,769		11.0	%		8,073		10.9	%		8,546		11.4	%		9,281		12.3	%		10,207		13.3	%
A		17,683		25.0	%		18,147		24.4	%		18,131		24.2	%		17,937		23.8	%		18,693		24.4	%
BBB		17,036		24.1	%		17,668		23.8	%		17,904		23.8	%		18,492		24.6	%		18,175		23.7	%
Government		4,293		6.1	%		4,713		6.3	%		5,160		6.9	%		5,465		7.3	%		5,413		7.1	%
BB & below		3,039		4.3	%		3,027		4.1	%		3,172		4.2	%		2,881		3.8	%		2,818		3.7	%
Short-term		3,915		5.5	%		3,893		5.2	%		3,400		4.5	%		2,913		3.9	%		2,283		3.0	%
Total fixed maturities [1]	$	70,703		100.0	%	$	74,276		100.0	%	$	75,100		100.0	%	$	75,215		100.0	%	$	76,554		100.0	%

[1]	Includes $122, $144, $159, $208 and $281 in Corporate at June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005 and June 30, 2005, respectively, of which $113, $114, $152, $201 and $130, respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	Includes $6, $10, $7, $1 and $7 in Corporate at June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005 and June 30, 2005, respectively.

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS
LIFE

	June 30,					September 30,					December 31,					March 31,					June 30,
	2004					2004					2004					2005					2005
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	47,807		78.4	%	$	50,200		76.9	%	$	50,531		73.5	%	$	50,877		71.7	%	$	51,723		69.5	%
Equity securities, at fair value
Available-for-sale		383		0.6	%		449		0.7	%		525		0.8	%		662		0.9	%		793		1.1	%
Trading securities		8,995		14.7	%		10,685		16.4	%		13,634		19.8	%		15,855		22.3	%		17,955		24.1	%
Total equity securities, at fair value		9,378		15.3	%		11,134		17.1	%		14,159		20.6	%		16,517		23.2	%		18,748		25.2	%
Policy loans, at outstanding balance		2,650		4.3	%		2,665		4.0	%		2,662		3.9	%		2,119		3.0	%		2,140		2.9	%
Real estate/Mortgage loans, at cost		852		1.4	%		783		1.2	%		923		1.3	%		979		1.4	%		1,148		1.6	%
Limited partnerships, at fair value		234		0.4	%		242		0.4	%		256		0.4	%		273		0.4	%		309		0.4	%
Other investments		143		0.2	%		262		0.4	%		185		0.3	%		207		0.3	%		318		0.4	%
Total investments	$	61,064		100.0	%	$	65,286		100.0	%	$	68,716		100.0	%	$	70,972		100.0	%	$	74,386		100.0	%
Less: Trading securities		8,995		14.7	%		10,685		16.4	%		13,634		19.8	%		15,855		22.3	%		17,955		24.1	%
Total investments excluding trading securities	$	52,069		85.3	%	$	54,601		83.6	%	$	55,082		80.2	%	$	55,117		77.7	%	$	56,431		75.9	%
ABS	$	5,629		11.8	%	$	5,908		11.8	%	$	6,358		12.6	%	$	6,426		12.6	%	$	6,772		13.1	%
CMBS		8,529		17.8	%		9,127		18.2	%		8,806		17.4	%		8,588		16.9	%		8,930		17.3	%
CMO		908		1.9	%		982		2.0	%		1,092		2.2	%		1,027		2.0	%		996		1.9	%
Corporate		24,581		51.3	%		25,392		50.5	%		25,532		50.5	%		25,932		51.0	%		26,038		50.3	%
Government/Government agencies — Foreign		660		1.4	%		785		1.6	%		788		1.6	%		775		1.5	%		729		1.4	%
Government/Government agencies — U.S.		810		1.7	%		877		1.7	%		898		1.8	%		927		1.8	%		700		1.4	%
MBS — agency		1,609		3.4	%		1,633		3.3	%		1,788		3.5	%		2,250		4.4	%		2,481		4.8	%
Municipal — taxable		614		1.3	%		680		1.4	%		725		1.4	%		808		1.6	%		965		1.9	%
Municipal — tax-exempt		2,181		4.6	%		2,264		4.4	%		2,270		4.5	%		2,260		4.5	%		2,478		4.8	%
Redeemable preferred stock		12		—			12		—			13		—			12		—			14		—
Short-term		2,274		4.8	%		2,540		5.1	%		2,261		4.5	%		1,872		3.7	%		1,620		3.1	%
Total fixed maturities	$	47,807		100.0	%	$	50,200		100.0	%	$	50,531		100.0	%	$	50,877		100.0	%	$	51,723		100.0	%
AAA	$	9,483		19.8	%	$	10,554		21.0	%	$	10,282		20.4	%	$	10,008		19.6	%	$	10,596		20.5	%
AA		4,511		9.4	%		4,875		9.7	%		5,275		10.4	%		5,986		11.8	%		6,565		12.7	%
A		13,225		27.7	%		13,529		27.0	%		13,531		26.8	%		13,242		26.0	%		13,543		26.2	%
BBB		13,026		27.2	%		13,300		26.5	%		13,447		26.6	%		13,945		27.4	%		13,616		26.3	%
Government		3,345		7.0	%		3,514		7.0	%		3,803		7.5	%		4,111		8.1	%		4,130		8.0	%
BB & below		1,943		4.1	%		1,888		3.8	%		1,932		3.8	%		1,713		3.4	%		1,653		3.2	%
Short-term		2,274		4.8	%		2,540		5.0	%		2,261		4.5	%		1,872		3.7	%		1,620		3.1	%
Total fixed maturities	$	47,807		100.0	%	$	50,200		100.0	%	$	50,531		100.0	%	$	50,877		100.0	%	$	51,723		100.0	%

I-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS
PROPERTY & CASUALTY

	June 30,					September 30,					December 31,					March 31,					June 30,
	2004					2004					2004					2005					2005
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	22,774		96.3	%	$	23,932		96.0	%	$	24,410		95.6	%	$	24,130		95.3	%	$	24,550		94.6	%
Equity securities, available-for-sale, at fair value		201		0.8	%		201		0.8	%		307		1.2	%		427		1.7	%		589		2.3	%
Real estate/Mortgage loans, at cost		306		1.3	%		269		1.1	%		253		1.0	%		198		0.8	%		195		0.8	%
Limited partnerships, at fair value		156		0.7	%		170		0.7	%		177		0.7	%		186		0.7	%		215		0.8	%
Other investments		220		0.9	%		360		1.4	%		379		1.5	%		386		1.5	%		401		1.5	%
Total investments	$	23,657		100.0	%	$	24,932		100.0	%	$	25,526		100.0	%	$	25,327		100.0	%	$	25,950		100.0	%
ABS	$	945		4.1	%	$	1,053		4.4	%	$	1,111		4.5	%	$	1,012		4.2	%	$	1,134		4.6	%
CMBS		2,510		11.0	%		2,790		11.7	%		2,942		12.1	%		3,052		12.6	%		3,369		13.7	%
CMO		108		0.5	%		142		0.6	%		135		0.6	%		128		0.5	%		122		0.5	%
Corporate		8,006		35.1	%		8,512		35.5	%		8,621		35.3	%		8,811		36.5	%		9,189		37.4	%
Government/Government agencies — Foreign		720		3.2	%		860		3.6	%		1,008		4.1	%		821		3.4	%		754		3.1	%
Government/Government agencies — U.S.		262		1.2	%		238		1.0	%		234		1.0	%		215		0.9	%		148		0.6	%
MBS — agency		604		2.7	%		843		3.5	%		1,011		4.1	%		1,042		4.3	%		1,044		4.3	%
Municipal — taxable		213		0.9	%		217		0.9	%		219		0.9	%		214		0.9	%		223		0.9	%
Municipal — tax-exempt		7,862		34.5	%		8,043		33.6	%		8,123		33.3	%		7,977		33.1	%		7,958		32.4	%
Redeemable preferred stock		25		0.1	%		25		0.1	%		26		0.1	%		25		0.1	%		28		0.1	%
Short-term		1,519		6.7	%		1,209		5.1	%		980		4.0	%		833		3.5	%		581		2.4	%
Total fixed maturities	$	22,774		100.0	%	$	23,932		100.0	%	$	24,410		100.0	%	$	24,130		100.0	%	$	24,550		100.0	%
AAA	$	7,485		32.8	%	$	8,201		34.3	%	$	8,505		34.8	%	$	8,238		34.1	%	$	8,354		34.0	%
AA		3,258		14.3	%		3,198		13.4	%		3,271		13.4	%		3,295		13.7	%		3,549		14.5	%
A		4,458		19.6	%		4,618		19.2	%		4,600		18.8	%		4,695		19.5	%		5,060		20.6	%
BBB		4,010		17.6	%		4,368		18.2	%		4,457		18.3	%		4,547		18.8	%		4,558		18.6	%
Government		948		4.2	%		1,199		5.0	%		1,357		5.6	%		1,354		5.6	%		1,283		5.2	%
BB & below		1,096		4.8	%		1,139		4.8	%		1,240		5.1	%		1,168		4.8	%		1,165		4.7	%
Short-term		1,519		6.7	%		1,209		5.1	%		980		4.0	%		833		3.5	%		581		2.4	%
Total fixed maturities	$	22,774		100.0	%	$	23,932		100.0	%	$	24,410		100.0	%	$	24,130		100.0	%	$	24,550		100.0	%

I-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

UNREALIZED LOSS AGING
CONSOLIDATED [1]

	June 30, 2005							December 31, 2004
	Amortized		Fair Value		Unrealized			Amortized		Fair Value		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS [2] Securities
Three months or less	$	5,533	$	5,479	$	(54	)	$	7,572	$	7,525	$	(47	)
Greater than three months to six months		3,696		3,646		(50	)		573		567		(6	)
Greater than six months to nine months		2,228		2,197		(31	)		3,405		3,342		(63	)
Greater than nine months to twelve months		329		326		(3	)		462		445		(17	)
Greater than twelve months		3,790		3,643		(147	)		2,417		2,285		(132	)
Total	$	15,576	$	15,291	$	(285	)	$	14,429	$	14,164	$	(265	)
BIG [3] and Equity AFS [2] Securities
Three months or less	$	808	$	795	$	(13	)	$	326	$	322	$	(4	)
Greater than three months to six months		129		122		(7	)		33		32		(1	)
Greater than six months to nine months		76		71		(5	)		174		165		(9	)
Greater than nine months to twelve months		20		18		(2	)		81		75		(6	)
Greater than twelve months		383		335		(48	)		285		240		(45	)
Total	$	1,416	$	1,341	$	(75	)	$	899	$	834	$	(65	)

[1]	As of June 30, 2005, fixed maturities represented $267, or 94%, of the Company’s total unrealized loss of available-for-sale securities. There were no fixed maturities as of June 30, 2005 with a fair value less than 80% of the security’s amortized cost basis for six continuous months other than certain asset-backed and commercial mortgage-backed securities. Other than temporary impairments for certain asset-backed and commercial mortgage-backed securities are recognized if the fair value of the security is less than its carrying amount and there has been a decrease in the present value of the expected cash flows since the last reporting period. There were no asset-backed or commercial mortgage-backed securities included in the tables above, as of June 30, 2005 and December 31, 2004, for which management’s best estimate of future cash flows adversely changed during the reporting period. For a detailed discussion of the other than temporary impairment criteria, see “Valuation of Investments and Derivative Instruments and Evaluation of Other-Than-Temporary Impairments” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2004 Form 10-K Annual Report.
[2]	Represents available-for-sale (“AFS”) securities.
[3]	Represents below investment grade (“BIG”) securities.

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

UNREALIZED LOSS AGING
LIFE

	June 30, 2005							December 31, 2004
	Amortized		Fair Value		Unrealized			Amortized		Fair Value		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	4,090	$	4,052	$	(38	)	$	5,560	$	5,528	$	(32	)
Greater than three months to six months		2,732		2,698		(34	)		474		470		(4	)
Greater than six months to nine months		1,563		1,542		(21	)		2,277		2,237		(40	)
Greater than nine months to twelve months		263		261		(2	)		399		383		(16	)
Greater than twelve months		2,332		2,223		(109	)		1,415		1,323		(92	)
Total	$	10,980	$	10,776	$	(204	)	$	10,125	$	9,941	$	(184	)
BIG and Equity AFS Securities
Three months or less	$	382	$	373	$	(9	)	$	206	$	203	$	(3	)
Greater than three months to six months		84		78		(6	)		14		13		(1	)
Greater than six months to nine months		56		52		(4	)		128		120		(8	)
Greater than nine months to twelve months		7		6		(1	)		79		73		(6	)
Greater than twelve months		303		258		(45	)		225		184		(41	)
Total	$	832	$	767	$	(65	)	$	652	$	593	$	(59	)

I-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

UNREALIZED LOSS AGING
PROPERTY & CASUALTY

	June 30, 2005							December 31, 2004
	Amortized		Fair Value		Unrealized			Amortized		Fair Value		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	1,443	$	1,427	$	(16	)	$	2,012	$	1,997	$	(15	)
Greater than three months to six months		964		948		(16	)		99		97		(2	)
Greater than six months to nine months		665		655		(10	)		1,128		1,105		(23	)
Greater than nine months to twelve months		66		65		(1	)		63		62		(1	)
Greater than twelve months		1,458		1,420		(38	)		1,002		962		(40	)
Total	$	4,596	$	4,515	$	(81	)	$	4,304	$	4,223	$	(81	)
BIG and Equity AFS Securities
Three months or less	$	426	$	422	$	(4	)	$	120	$	119	$	(1	)
Greater than three months to six months		45		44		(1	)		19		19		—
Greater than six months to nine months		20		19		(1	)		46		45		(1	)
Greater than nine months to twelve months		13		12		(1	)		2		2		—
Greater than twelve months		80		77		(3	)		60		56		(4	)
Total	$	584	$	574	$	(10	)	$	247	$	241	$	(6	)

I-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTED ASSET EXPOSURES
AS OF JUNE 30, 2005

	LIFE
			Percent of
TOP TEN CORPORATE			Total
FIXED MATURITY	Fair		Invested
EXPOSURES BY SECTOR	Value		Assets
Financial services	$	7,238		9.7	%
Technology and communications		3,492		4.7	%
Utilities		2,841		3.8	%
Consumer non cyclical		2,630		3.5	%
Basic industry		2,515		3.4	%
Consumer cyclical		2,395		3.2	%
Capital goods		1,826		2.5	%
Energy		1,349		1.8	%
Other		1,100		1.5	%
Transportation		652		0.9	%
Total	$	26,038		35.0	%
TOP TEN EXPOSURES BY ISSUER [2]
JPMorgan Chase & Co.	$	268		0.4	%
HSBC Holdings plc		262		0.3	%
Royal Bank of Scotland Group plc		260		0.3	%
SBC Communications Inc.		256		0.3	%
Bank of America Corp.		201		0.3	%
Barclays Bank PLC		193		0.3	%
American Express Credit Account		192		0.3	%
Credit Suisse Group		190		0.3	%
Banco Santander Central Hispano SA		188		0.3	%
Citigroup Inc.		182		0.2	%
Total	$	2,192		3.0	%

	P&C
			Percent of
			Total
	Fair		Invested
	Value		Assets
Financial services	$	2,434		9.4	%
Technology and communications		1,460		5.6	%
Utilities		1,200		4.6	%
Consumer non cyclical		962		3.7	%
Basic industry		762		2.9	%
Consumer cyclical		775		3.0	%
Capital goods		577		2.2	%
Energy		553		2.1	%
Other		246		1.0	%
Transportation		220		0.9	%
Total	$	9,189		35.4	%
State of California	$	269		1.0	%
State of Massachusetts		239		0.9	%
New York City, NY		199		0.8	%
State of Georgia		154		0.6	%
JPMorgan Chase & Co.		150		0.6	%
SLM Corporation		145		0.6	%
Puerto Rico Public Buildings Authority		122		0.5	%
Mass. Bay Transportation Authority		118		0.5	%
Merrill Lynch & Co., Inc.		116		0.4	%
State of Illinois		110		0.4	%
Total	$	1,622		6.3	%

	CONSOLIDATED [1]
			Percent of
			Total
	Fair		Invested
	Value		Assets
Financial services	$	9,825		9.8	%
Technology and communications		4,958		4.9	%
Utilities		4,041		4.0	%
Consumer non cyclical		3,592		3.6	%
Basic industry		3,290		3.3	%
Consumer cyclical		3,187		3.2	%
Capital goods		2,413		2.4	%
Energy		1,902		1.9	%
Other		1,346		1.3	%
Transportation		872		0.8	%
Total	$	35,426		35.2	%
JPMorgan Chase & Co.	$	422		0.4	%
State of California		420		0.4	%
State of Massachusetts		379		0.4	%
SBC Communications Inc.		364		0.4	%
HSBC Holdings plc		356		0.4	%
Royal Bank of Scotland Group plc		301		0.3	%
The Goldman Sachs Group, Inc.		280		0.3	%
News Corp		247		0.2	%
Barclays Bank PLC		245		0.2	%
Merrill Lynch & Co., Inc.		243		0.2	%
Total	$	3,257		3.2	%

[1]	Includes investments held in Corporate.
[2]	Excludes U.S. government and government agency backed securities as well as securities classified as trading securities.

I-11