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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

As of July 25, 2006
	A.M. Best		Fitch		Standard & Poor’s		Moody’s
Insurance Financial Strength Ratings:
Hartford Fire Insurance Company		A+	AA		AA-		Aa3
Hartford Life Insurance Company		A+	AA		AA-		Aa3
Hartford Life & Accident Insurance Company		A+	AA		AA-		Aa3
Hartford Life Group Insurance Company		A+	AA			—		—
Hartford Life & Annuity Insurance Company		A+	AA		AA-		Aa3
Hartford Life Insurance KK (Japan)		—		—	AA-			—
Hartford Life Limited (Ireland)		—		—	AA-			—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt		a-		A		A		A3
Commercial paper	AMB-2			F1		A-1		P-2
Hartford Capital III trust originated preferred securities	bbb			A-	BBB+		Baa1
Hartford Life, Inc.:
Senior debt		a-		A		A		A3
Commercial paper	AMB-1			F1		A-1		P-2
Hartford Life Insurance Company:
Short Term Rating		—		—		A-1+		P-1

Address:
One Hartford Plaza
Hartford, CT 06115

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

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

TRANSFER AGENT
The Bank of New York
Shareholder Relations Department - 12E
P.O. Box 11258
Church Street Station
New York, NY 10286
1 (800) 254-2823

COMMON STOCK

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

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

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

	Basis of Presentation	i, ii, iii
CONSOLIDATED	Consolidated Financial Results	C-1
	Operating Results by Segment	C-2
	Analysis of Operating Results by Segment	C-2a
	Consolidating Statements of Operations
	Three Months Ended June 30, 2006 and 2005	C-3
	Six Months Ended June 30, 2006 and 2005	C-4
	Consolidating Balance Sheets
	As of June 30, 2006 and December 31, 2005	C-5
	Capital Structure	C-6
	Accumulated Other Comprehensive Income (Loss)	C-7
	Computation of Basic and Diluted Earnings Per Share	C-8
	Analysis of Net Realized Capital Gains and Losses
	Three Months Ended June 30, 2006 and 2005	C-9
	Six Months Ended June 30, 2006 and 2005	C-10
	Computation of Return-on-Equity Measures	C-11
	Weighted Average Share Analysis	C-12
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, 2006	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/Deposits	L-11
	Assets Under Management	L-12
	Individual Annuity — Account Value Rollforward	L-13
	Other Retail — Account Value Rollforward	L-14
	Retirement Plans
	Income Statements	L-15
	Supplemental Data
	Sales/Deposits	L-16
	Assets Under Management	L-17
	Account Value Rollforward	L-18
	Institutional Solutions Group
	Income Statements	L-19
	Supplemental Data
	Sales/Deposits	L-20
	Assets Under Management	L-21
	Account Value and Asset Rollforward	L-22
	Individual Life
	Income Statements	L-23
	Supplemental Data	L-24
	Account Value Rollforward	L-25

	Group Benefits
	Income Statements	L-26
	Supplemental Data	L-27
	International
	Highlights	L-28
	Japan
	Income Statements	L-29
	Supplemental Data — Account Value Rollforward	L-30
PROPERTY &	Financial Highlights	PC-1
CASUALTY	Operating Results	PC-2
	Ongoing Operations Operating Results	PC-3
	Ongoing Operations Consolidating Underwriting Results
	Three Months Ended June 30, 2006	PC-4
	Six Months Ended June 30, 2006	PC-5
	Ongoing Operations Underwriting Results	PC-6
	Business Insurance Underwriting Results	PC-7
	Business Insurance Written and Earned Premiums	PC-8
	Personal Lines Underwriting Results	PC-9
	Personal Lines Written and Earned Premiums	PC-10
	Specialty Commercial Underwriting Results	PC-11
	Specialty Commercial Written and Earned Premiums	PC-12
	Statistical Premium Information (Year over Year)	PC-13
	Other Operations Operating Results	PC-14
	Other Operations Claims and Claim Adjustment Expenses	PC-15
	Summary of Gross Asbestos Reserves	PC-16
	Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-17
	Unpaid Claims and Claim Adjustment Expense Reserve Rollforward
	Three Months Ended June 30, 2006	PC-18
	Six Months Ended June 30, 2006	PC-19
	Reinsurance Recoverable Analysis	PC-20
	Consolidated Income Statements	PC-21
	Consolidated Balance Sheets	PC-22
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-23
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, 2006	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 unless otherwise stated.

• Life is organized into six reportable operating segments: Retail Products Group, Retirement Plans, Institutional Solutions Group, Individual Life, Group Benefits and International. Life also includes in an Other category its leveraged PPLI product line of business; corporate items not directly allocated to any of its reportable operating segments; net realized capital gains and losses on fixed maturity sales generated from movements in interest rates, less amortization of those gains or losses back to the reportable segments; net realized capital gains and losses generated from credit related events, less a credit risk fee charged to the reportable segments; net realized capital gains and losses from non-qualifying derivative strategies (including embedded derivatives) other than the net periodic coupon settlements on credit derivatives and the net periodic coupon settlements on the cross currency swap used to economically hedge currency and interest rate risk generated from sales of the Life’s yen based fixed annuity, which are allocated to the reportable segments; the mark-to-market adjustment for the equity securities held for trading reported in net investment income and the related change in interest credited reported as a component of benefits, claims and claim adjustment expenses since these items are not considered by Life’s chief operating decision maker in evaluating the International results of operations; and intersegment eliminations.

• Property & 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. The profitability of the Business Insurance, Personal Lines and Specialty Commercial segments are evaluated primarily based on underwriting results. The Company allocates income and expense items not directly attributed to the underwriting segments, such as net investment income, net realized capital gains and losses, other expenses and income taxes, to Ongoing Operations and Other Operations, respectively. The profitability of Ongoing Operations and the Other Operations segment is evaluated based on net income.

• 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, net flows, 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, 2006 presentation.

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

 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 core earnings as an important measure of the Company’s operating performance. The Hartford believes that the measure core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by the net effect of certain realized capital gains and losses. Some realized capital gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses (net of tax and the effects of deferred policy acquisition costs) that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives and net periodic settlements on the Japan fixed annuity cross-currency swap. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Core earnings is also used by management to assess our operating performance and is one of the measures considered in determining incentive compensation for our managers. Net income is the most directly comparable GAAP measure. Core earnings should not be considered as a substitute for net income and does not reflect the overall profitability of our business. Therefore, the Hartford believes that it is useful for investors to evaluate both net income and core earnings when reviewing Company performance. A reconciliation of net income to core earnings for the periods presented herein is set forth on page C-8.

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

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

• The profitability of the Business Insurance, Personal Lines and Specialty Commercial underwriting segments is evaluated by The Hartford’s management primarily based upon underwriting results. Underwriting results is a before-tax measure that represents earned premiums less incurred claims, claim adjustment expenses and underwriting expenses. Net income is the most directly comparable GAAP measure. Underwriting results are influenced significantly by earned premium growth and the adequacy of The Hartford’s pricing. Underwriting profitability over time is also greatly influenced by The Hartford’s underwriting discipline, which seeks to manage exposure to loss through favorable risk selection and diversification, its management of claims, its use of reinsurance and its ability to manage its expense ratio, which it accomplishes through economies of scale and its management of acquisition costs and other underwriting expenses. The Hartford believes that underwriting results provides investors with a valuable measure of before-tax profitability derived from underwriting activities, which are managed separately from the Company’s investing activities. Underwriting results is also presented for Ongoing Operations, Other Operations and total Property & Casualty. A reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations is set forth on pages PC-2, PC-3 and PC-14, respectively.

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

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

 ii

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

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

• 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 (core earnings last twelve months to equity excluding AOCI) and ROE (core earnings, before tax related items, last twelve months to equity excluding AOCI), are calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. ROE (core earnings, before tax related items, last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings, before tax related items, 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 core earnings financial measures for the reasons set forth in the related discussion above. The Hartford excludes AOCI in the calculation of these return-on-equity measures to provide investors with a measure of how effectively the Company is investing the portion of the Company’s net worth that is primarily attributable to the Company’s business operations. ROE (net income last twelve months to 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-11.

 iii

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,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
HIGHLIGHTS
Net income	$	602		$	539		$	467		$	728		$	476			(21	%)		(35	%)	$	1,268		$	1,204			(5	%)
Core earnings	$	606		$	556		$	498		$	797		$	573			(5	%)		(28	%)	$	1,188		$	1,370			15	%
Total revenues	$	6,064		$	7,307		$	7,710		$	6,543		$	4,971			(18	%)		(24	%)	$	12,066		$	11,514			(5	%)
Total assets	$	268,382		$	280,465		$	285,557		$	295,375		$	294,938			10	%		—
Total assets under management [1]	$	302,625		$	315,871		$	322,972		$	336,484		$	337,182			11	%		—
PER SHARE AND SHARES DATA
Basic earnings per share
Net income	$	2.03		$	1.80		$	1.55		$	2.41		$	1.57			(23	%)		(35	%)	$	4.28		$	3.98			(7	%)
Core earnings	$	2.04		$	1.86		$	1.66		$	2.64		$	1.89			(7	%)		(28	%)	$	4.01		$	4.52			13	%
Diluted earnings per share
Net income	$	1.98		$	1.76		$	1.51		$	2.34		$	1.52			(23	%)		(35	%)	$	4.19		$	3.86			(8	%)
Core earnings	$	1.99		$	1.81		$	1.61		$	2.56		$	1.83			(8	%)		(29	%)	$	3.93		$	4.40			12	%
Weighted average common shares outstanding (basic)		297.1			299.2			300.7			302.2			303.3			6.2	sh		1.1	sh		296.0			302.8			6.8	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		303.9			307.0			310.0			310.9			312.3			8.4	sh		1.4	sh		302.6			311.6			9.0	sh
Common shares outstanding		298.7			300.1			302.2			303.0			304.1			5.4	sh	1.1		sh		298.7			304.1			5.4	sh
Book value per share	$	52.19		$	51.02		$	50.71		$	50.86		$	50.59			(3	%)		(1	%)
Per share impact of AOCI	$	4.75		$	1.98		$	0.30		$	(1.51	)	$	(3.03	)		NM			(101	%)
Book value per share (excluding AOCI)	$	47.44		$	49.04		$	50.41		$	52.37		$	53.62			13	%		2	%
FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [2]		17.1	%		16.8	%		15.4	%		15.8	%		14.3	%		(2.8	)		(1.5	)
ROE (core earnings last 12 months to equity excluding AOCI) [2]		17.4	%		17.4	%		16.0	%		16.7	%		15.9	%		(1.5	)		(0.8	)
ROE (core earnings, before tax related items, last 12 months to equity excluding AOCI) [2]		15.7	%		17.4	%		16.0	%		16.7	%		15.9	%		0.2			(0.8	)
Debt to capitalization including AOCI		23.1	%		23.4	%		23.7	%		23.6	%		23.7	%		0.6			0.1
Investment yield, after-tax		3.8	%		4.0	%		3.9	%		3.9	%		3.9	%		0.1			—			3.8	%		3.9	%		0.1
Ongoing Property & Casualty GAAP combined ratio		87.0			97.9			99.2			88.8			89.3			(2.3	)		(0.5	)		87.8			89.0			(1.2	)

[1]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-5).
[2]	See page C-11 for a computation of return-on-equity measures.

 C-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
LIFE
Retail Products Group
Individual Annuity	$	141		$	158		$	183		$	160		$	155			10	%		(3	%)	$	277		$	315			14	%
Other Retail [1]		(14	)		14			(8	)		16			11		NM				(31	%)		(2	)		27		NM
Total Retail Products Group		127			172			175			176			166			31	%		(6	%)		275			342			24	%
Retirement Plans		17			20			21			21			22			29	%		5	%		34			43			26	%
Institutional Solutions Group		21			24			22			22			29			38	%		32	%		42			51			21	%
Individual Life		39			45			43			45			48			23	%		7	%		78			93			19	%
Group Benefits		64			68			81			68			74			16	%		9	%		123			142			15	%
International		21			28			33			46			52			148	%		13	%		35			98			180	%
Other [2] [3] [4]		(9	)		7			(56	)		40			(5	)		44	%	NM				(70	)		35		NM
Total Life core earnings	$	280		$	364		$	319		$	418		$	386			38	%		(8	%)	$	517		$	804			56	%
PROPERTY & CASUALTY
Ongoing Operations
Ongoing Operations Underwriting Results
Business Insurance	$	141		$	125		$	12		$	134		$	197			40	%		47	%	$	259		$	331			28	%
Personal Lines		188			71			74			106			126			(33	%)		19	%		315			232			(26	%)
Specialty Commercial		5			(143	)		(67	)		47			(43	)	NM			NM				45			4			(91	%)
Total Ongoing Operations underwriting results		334			53			19			287			280			(16	%)		(2	%)		619			567			(8	%)
Net servicing income		15			12			9			18			12			(20	%)		(33	%)		28			30			7	%
Net investment income		258			279			285			291			296			15	%		2	%		518			587			13	%
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			1		NM			NM				—			1		NM
Other expenses		(37	)		(50	)		(56	)		(53	)		(75	)		(103	%)		(42	%)		(96	)		(128	)		(33	%)
Income tax expense		(178	)		(77	)		(63	)		(157	)		(153	)		14	%		3	%		(327	)		(310	)		5	%
Ongoing Operations core earnings	$	392		$	217		$	194		$	386		$	361			(8	%)		(6	%)	$	742		$	747			1	%
Other Operations core earnings [5]	$	(23	)	$	15		$	26		$	35		$	(126	)	NM			NM			$	13		$	(91	)	NM
Total Property & Casualty core earnings	$	369		$	232		$	220		$	421		$	235			(36	%)		(44	%)	$	755		$	656			(13	%)
CORPORATE
Total Corporate Core earnings	$	(43	)	$	(40	)	$	(41	)	$	(42	)	$	(48	)		(12	%)		(14	%)	$	(84	)	$	(90	)		(7	%)
CONSOLIDATED
Core earnings	$	606		$	556		$	498		$	797		$	573			(5	%)		(28	%)	$	1,188		$	1,370			15	%
Add: Net realized capital gains (losses), after-tax [6]		(4	)		(17	)		(31	)		(69	)		(97	)	NM				(41	%)		80			(166	)	NM
Net income	$	602		$	539		$	467		$	728		$	476			(21	%)		(35	%)	$	1,268		$	1,204			(5	%)
PER SHARE DATA [7]
Diluted earnings per share
Core earnings	$	1.99		$	1.81		$	1.61		$	2.56		$	1.83			(8	%)		(29	%)	$	3.93		$	4.40			12	%
Net income	$	1.98		$	1.76		$	1.51		$	2.34		$	1.52			(23	%)		(35	%)	$	4.19		$	3.86			(8	%)

[1]	Included in the three 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 mutual fund distribution partner. In addition, the three months ended December 31, 2005 included an expense of $22, after-tax, representing the final settlement of this matter.
[2]	Includes charges of (i) $66, after-tax, for the three months ended March 31, 2005, (ii) $36, after-tax, for the three months ended December 31, 2005, and (iii) $7, after-tax, for the three months ended March 31, 2006, to reserve for investigations by the SEC and New York Attorney General’s Office related to market timing, by the SEC related to directed brokerage, and by the New York Attorney General’s Office and the Connecticut Attorney General’s Office related to single premium group annuities.
[3]	Included in the three months ended December 31, 2005 is an expense of $18, after-tax, which is related to settlement of certain annuity contracts.
[4]	Included in the three months ended March 31, 2006 is a $34, after-tax, benefit due to a reduction in reserves related to leveraged corporate owned life insurance products following the favorable outcome of several cases during the first quarter of 2006.
[5]	The three months ended June 30, 2006 included a charge of $158, after-tax, as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.
[6]	Includes those net realized capital gains not included in core earnings. See pages C-9 and C-10 for further analysis.
[7]	See page C-8 for reconciliation of net income to core earnings.

C - 2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
LIFE
Retail Products Group
Individual Annuity	$	141		$	158		$	183		$	160		$	155			10	%		(3	%)	$	277		$	315			14	%
Other Retail [1]		(14	)		14			(8	)		16			11		NM				(31	%)		(2	)		27		NM
Total Retail Products Group		127			172			175			176			166			31	%		(6	%)		275			342			24	%
Retirement Plans		17			20			21			21			22			29	%		5	%		34			43			26	%
Institutional Solutions Group		21			24			22			22			29			38	%		32	%		42			51			21	%
Individual Life		39			45			43			45			48			23	%		7	%		78			93			19	%
Group Benefits		64			68			81			68			74			16	%		9	%		123			142			15	%
International		21			28			33			46			52			148	%		13	%		35			98			180	%
Other [2] [3] [4]		(9	)		7			(56	)		40			(5	)		44	%	NM				(70	)		35		NM
Total Life core earnings	$	280		$	364		$	319		$	418		$	386			38	%		(8	%)	$	517		$	804			56	%
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophe Impacts and Prior Year Development:
Business Insurance		140			147			101			159			185			32	%		16	%		275			344			25	%
Personal Lines		115			146			99			143			135			17	%		(6	%)		249			278			12	%
Specialty Commercial		42			25			12			20			24			(43	%)		20	%		97			44			(55	%)
Total Ongoing Operations underwriting results before catastrophe impacts and prior year development [5]		297			318			212			322			344			16	%		7	%		621			666			7	%
Catastrophe impacts, excluding prior year development [6]		(37	)		(222	)		(132	)		(41	)		(73	)		(97	%)		(78	%)		(70	)		(114	)		(63	%)
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		(8	)		7			—			18			17		NM				(6	%)		(21	)		35		NM
Other loss and loss adjustment expenses		82			(50	)		(61	)		(12	)		(8	)	NM				33	%		89			(20	)	NM
Total Ongoing Operations underwriting results		334			53			19			287			280			(16	%)		(2	%)		619			567			(8	%)
Net servicing income		15			12			9			18			12			(20	%)		(33	%)		28			30			7	%
Net investment income		258			279			285			291			296			15	%		2	%		518			587			13	%
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			1		NM			NM				—			1		NM
Other expenses		(37	)		(50	)		(56	)		(53	)		(75	)		(103	%)		(42	%)		(96	)		(128	)		(33	%)
Income tax expense		(178	)		(77	)		(63	)		(157	)		(153	)		14	%		3	%		(327	)		(310	)		5	%
Ongoing Operations core earnings	$	392		$	217		$	194		$	386		$	361			(8	%)		(6	%)	$	742		$	747			1	%
Other Operations core earnings [7]	$	(23	)	$	15		$	26		$	35		$	(126	)	NM			NM			$	13		$	(91	)	NM
Total Property & Casualty core earnings	$	369		$	232		$	220		$	421		$	235			(36	%)		(44	%)	$	755		$	656			(13	%)
CORPORATE
Total Corporate core earnings	$	(43	)	$	(40	)	$	(41	)	$	(42	)	$	(48	)		(12	%)		(14	%)	$	(84	)	$	(90	)		(7	%)
CONSOLIDATED
Core earnings	$	606		$	556		$	498		$	797		$	573			(5	%)		(28	%)	$	1,188		$	1,370			15	%
Add: Net realized capital gains (losses), after-tax [8]		(4	)		(17	)		(31	)		(69	)		(97	)	NM				(41	%)		80			(166	)	NM
Net income	$	602		$	539		$	467		$	728		$	476			(21	%)		(35	%)	$	1,268		$	1,204			(5	%)

[1]	Included in the three 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 mutual fund distribution partner. In addition, the three months ended December 31, 2005 included an expense of $22, after-tax, representing the final settlement of this matter.
[2]	Includes charges of (i) $66, after-tax, for the three months ended March 31, 2005, (ii) $36, after-tax, for the three months ended December 31, 2005, and (iii) $7, after-tax, for the three months ended March 31, 2006, to reserve for investigations by the SEC and New York Attorney General’s Office related to market timing, by the SEC related to directed brokerage, and by the New York Attorney General’s Office and the Connecticut Attorney General’s Office related to single premium group annuities.
[3]	Included in the three months ended December 31, 2005 is an expense of $18, after-tax, which is related to settlement of certain annuity contracts.
[4]	Included in the three months ended March 31, 2006 is a $34, after-tax, benefit due to a reduction in reserves related to leveraged corporate owned life insurance products following the favorable outcome of several cases during the first quarter of 2006.
[5]	The three months ended June 30, 2005 included a Citizens’ assessment of $15 ($2 in Business Insurance and $13 in Personal Lines) related to the third quarter 2004 hurricanes. The three months ended September 30, 2005 included a $6 reclassification of the Citizens’ assessment related to the third quarter 2004 hurricanes from Personal Lines to Business Insurance. The three months ended December 31, 2005 included a Citizens’ assessment of $49 ($25 in Business Insurance and $24 in Personal Lines) related to the third and fourth quarter 2005 hurricanes. The three months ended June 30, 2006 included a reduction to the Citizens’ assessment of $34 ($18 in Business Insurance, $16 in Personal Lines) related to the third and fourth quarter 2005 hurricanes.
[6]	Catastrophe impacts included catastrophe treaty reinstatement premium and catastrophe losses. Catastrophe impacts for the three months ended September 30, 2005 included reinstatement premium of $60 and losses of $140 from Hurricanes Katrina and Rita. Catastrophe impacts for the three months ended December 31, 2005 included reinstatement premium of $13 and losses of $132 from Hurricane Wilma.
[7]	The three months ended June 30, 2006 included a charge of $158, after-tax, as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.
[8]	Includes those net realized capital gains not included in core earnings. See pages C-9 and C-10 for further analysis.

C - 2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2006 AND 2005

	LIFE									PROPERTY & CASUALTY								CORPORATE									CONSOLIDATED
	2006			2005			Change			2006			2005		Change			2006			2005			Change			2006			2005			Change
Earned premiums	$	1,081		$	1,047			3	%	$	2,607		$	2,578		1	%	$	—		$	—			—		$	3,688		$	3,625			2	%
Fee income		1,156			960			20	%		—			—		—			3			3			—			1,159			963			20	%
Net investment income
Securities available-for-sale and other		791			733			8	%		365			328		11	%		2			6			(67	%)		1,158			1,067			9	%
Equity securities held for trading [1]		(970	)		303		NM				—			—		—			—			—			—			(970	)		303		NM
Total net investment income		(179	)		1,036		NM				365			328		11	%		2			6			(67	%)		188			1,370			(86	%)
Other revenues		—			—			—			114			115		(1	%)		1			1			—			115			116			(1	%)
Net realized capital losses		(150	)		(9	)	NM				(29	)		—		—			—			(1	)		100	%		(179	)		(10	)	NM
Total revenues		1,908			3,034			(37	%)		3,057			3,021		1	%		6			9			(33	%)		4,971			6,064			(18	%)
Benefits, claims and claim adjustment expenses [1]		508			1,756			(71	%)		1,963			1,688		16	%		—			2			(100	%)		2,471			3,446			(28	%)
Amortization of deferred policy acquisition costs and present value of future profits		306			275			11	%		523			498		5	%		—			—			—			829			773			7	%
Insurance operating costs and expenses		692			632			9	%		107			168		(36	%)		—			—			—			799			800			—
Interest expense		—			—			—			—			—		—			71			64			11	%		71			64			11	%
Other expenses		9			7			29	%		178			139		28	%		9			8			13	%		196			154			27	%
Total benefits and expenses		1,515			2,670			(43	%)		2,771			2,493		11	%		80			74			8	%		4,366			5,237			(17	%)
Income (loss) before income taxes		393			364			8	%		286			528		(46	%)		(74	)		(65	)		(14	%)		605			827			(27	%)
Income tax expense (benefit)		85			88			(3	%)		70			159		(56	%)		(26	)		(22	)		(18	%)		129			225			(43	%)
Net income (loss)		308			276			12	%		216			369		(41	%)		(48	)		(43	)		(12	%)		476			602			(21	%)
Less: Net realized capital losses, after-tax		(78	)		(4	)	NM				(19	)		—		—			—			—			—			(97	)		(4	)	NM
Core earnings	$	386		$	280			38	%	$	235		$	369		(36	%)	$	(48	)	$	(43	)		(12	%)	$	573		$	606			(5	%)

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

C - 3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2006 AND 2005

	LIFE								PROPERTY & CASUALTY								CORPORATE									CONSOLIDATED
	2006			2005		Change			2006			2005		Change			2006			2005			Change			2006			2005		Change
Earned premiums	$	2,354		$	2,046		15	%	$	5,173		$	5,085		2	%	$	—		$	—			—		$	7,527		$	7,131		6	%
Fee income		2,274			1,910		19	%		—			—		—			6			5			20	%		2,280			1,915		19	%
Net investment income
Securities available-for-sale and other		1,557			1,462		6	%		722			665		9	%		6			12			(50	%)		2,285			2,139		7	%
Equity securities held for trading [1]		(516	)		524	NM				—			—		—			—			—			—			(516	)		524	NM
Total net investment income		1,041			1,986		(48	%)		722			665		9	%		6			12			(50	%)		1,769			2,663		(34	%)
Other revenues		—			—		—			237			227		4	%		1			1			—			238			228		4	%
Net realized capital gains (losses)		(276	)		83	NM				(24	)		48	NM				—			(2	)		100	%		(300	)		129	NM
Total revenues		5,393			6,025		(10	%)		6,108			6,025		1	%		13			16			(19	%)		11,514			12,066		(5	%)
Benefits, claims and claim adjustment expenses [1]		2,646			3,495		(24	%)		3,604			3,302		9	%		—			4			(100	%)		6,250			6,801		(8	%)
Amortization of deferred policy acquisition costs and present value of future profits		605			566		7	%		1,041			990		5	%		—			—			—			1,646			1,556		6	%
Insurance operating costs and expenses		1,278			1,203		6	%		248			312		(21	%)		—			—			—			1,526			1,515		1	%
Interest expense		—			—		—			—			—		—			137			127			8	%		137			127		8	%
Other expenses		16			13		23	%		335			298		12	%		15			15			—			366			326		12	%
Total benefits and expenses		4,545			5,277		(14	%)		5,228			4,902		7	%		152			146			4	%		9,925			10,325		(4	%)
Income (loss) before income taxes		848			748		13	%		880			1,123		(22	%)		(139	)		(130	)		(7	%)		1,589			1,741		(9	%)
Income tax expense (benefit)		194			181		7	%		240			337		(29	%)		(49	)		(45	)		(9	%)		385			473		(19	%)
Net income (loss)		654			567		15	%		640			786		(19	%)		(90	)		(85	)		(6	%)		1,204			1,268		(5	%)
Less: Net realized capital gains (losses), after-tax		(150	)		50	NM				(16	)		31	NM				—			(1	)		100	%		(166	)		80	NM
Core earnings	$	804		$	517		56	%	$	656		$	755		(13	%)	$	(90	)	$	(84	)		(7	%)	$	1,370		$	1,188		15	%

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

C - 4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF JUNE 30, 2006 AND DECEMBER 31, 2005

	LIFE									PROPERTY & CASUALTY								CORPORATE									CONSOLIDATED
	Jun. 30,			Dec. 31,						Jun. 30,			Dec. 31,					Jun. 30,			Dec. 31,						Jun. 30,			Dec. 31,
	2006			2005			Change			2006			2005		Change			2006			2005			Change			2006			2005		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	50,453		$	50,812			(1	%)	$	25,377		$	25,330		—		$	224		$	298			(25	%)	$	76,054		$	76,440		(1	%)
Equity securities, trading, at fair value		26,916			24,034			12	%		—			—		—			—			—			—			26,916			24,034		12	%
Equity securities, available-for-sale, at fair value		772			800			(4	%)		796			661		20	%		—			—			—			1,568			1,461		7	%
Policy loans, at outstanding balance		2,110			2,016			5	%		—			—		—			—			—			—			2,110			2,016		5	%
Mortgage loans on real estate		2,269			1,513			50	%		286			218		31	%		—			—			—			2,555			1,731		48	%
Other investments		831			609			36	%		797			644		24	%		—			—			—			1,628			1,253		30	%
Total investments		83,351			79,784			4	%		27,256			26,853		2	%		224			298			(25	%)		110,831			106,935		4	%
Cash		888			1,001			(11	%)		193			272		(29	%)		—			—			—			1,081			1,273		(15	%)
Premiums receivable and agents’ balances		396			426			(7	%)		3,312			3,308		—			—			—			—			3,708			3,734		(1	%)
Reinsurance recoverables		785			800			(2	%)		4,485			5,560		(19	%)		—			—			—			5,270			6,360		(17	%)
Deferred policy acquisition costs and present value of future profits		9,362			8,567			9	%		1,176			1,134		4	%		1			1			—			10,539			9,702		9	%
Deferred income taxes		(278	)		(559	)		50	%		1,061			904		17	%		340			330			3	%		1,123			675		66	%
Goodwill		796			796			—			152			152		—			772			772			—			1,720			1,720		—
Property and equipment, net		213			198			8	%		504			485		4	%		—			—			—			717			683		5	%
Other assets		1,807			1,932			(6	%)		1,552			1,614		(4	%)		67			54			24	%		3,426			3,600		(5	%)
Separate account assets		156,523			150,875			4	%		—			—		—			—			—			—			156,523			150,875		4	%
Total assets	$	253,843		$	243,820			4	%	$	39,691		$	40,282		(1	%)	$	1,404		$	1,455			(4	%)	$	294,938		$	285,557		3	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	13,454		$	12,987			4	%	$	21,770		$	22,266		(2	%)	$	—		$	—			—		$	35,224		$	35,253		—
Other policyholder funds and benefits payable		67,767			64,452			5	%		—			—		—			—			—			—			67,767			64,452		5	%
Unearned premiums		85			69			23	%		5,580			5,502		1	%		(5	)		(5	)		—			5,660			5,566		2	%
Debt [1]		—			—			—			—			—		—			4,764			4,767			—			4,764			4,767		—
Other liabilities		5,790			5,165			12	%		3,562			3,865		(8	%)		265			289			(8	%)		9,617			9,319		3	%
Separate account liabilities		156,523			150,875			4	%		—			—		—			—			—			—			156,523			150,875		4	%
Total liabilities		243,619			233,548			4	%		30,912			31,633		(2	%)		5,024			5,051			(1	%)		279,555			270,232		3	%
Equity excluding AOCI, net of tax		10,424			9,879			6	%		8,949			8,398		7	%		(3,066	)		(3,042	)		(1	%)		16,307			15,235		7	%
AOCI, net of tax		(200	)		393		NM				(170	)		251	NM				(554	)		(554	)		—			(924	)		90	NM
Total stockholders’ equity		10,224			10,272			—			8,779			8,649		2	%		(3,620	)		(3,596	)		(1	%)		15,383			15,325		—
Total liabilities and stockholders’ equity	$	253,843		$	243,820			4	%	$	39,691		$	40,282		(1	%)	$	1,404		$	1,455			(4	%)	$	294,938		$	285,557		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,			Mar. 31,			Jun. 30,			3 Month			3 Month
	2005			2005			2005			2006			2006			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt)	$	620		$	620		$	719		$	721		$	1,384			123	%		92	%
Senior notes		2,336			2,336			2,337			2,337			2,137			(9	%)		(9	%)
Subtotal		2,956			2,956			3,056			3,058			3,521			19	%		15	%
Equity unit notes		1,020			1,020			1,020			1,020			755			(26	%)		(26	%)
Junior subordinated debentures		705			697			691			688			488			(31	%)		(29	%)
Total debt	$	4,681		$	4,673		$	4,767		$	4,766		$	4,764			2	%		—
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	14,171		$	14,717		$	15,235		$	15,867		$	16,307			15	%		3	%
AOCI, net of tax		1,419			593			90			(457	)		(924	)	NM				(102	%)
Total stockholders’ equity	$	15,590		$	15,310		$	15,325		$	15,410		$	15,383			(1	%)		—
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	20,271		$	19,983		$	20,092		$	20,176		$	20,147			(1	%)		—
Total capitalization excluding AOCI, net of tax	$	18,852		$	19,390		$	20,002		$	20,633		$	21,071			12	%		2	%
DEBT TO CAPITALIZATION RATIOS
Ratios Including AOCI
Total debt to capitalization		23.1	%		23.4	%		23.7	%		23.6	%		23.7	%		0.6			0.1
Debt (including 75% equity credit) to capitalization [1]		19.3	%		19.6	%		19.9	%		19.8	%		19.8	%		0.5			—
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization [2]		14.6	%		14.8	%		15.2	%		15.2	%		16.5	%		1.9			1.3
Ratios Excluding AOCI
Total debt to capitalization		24.8	%		24.1	%		23.8	%		23.1	%		22.6	%		(2.2	)		(0.5	)
Debt (including 75% equity credit) to capitalization [1]		20.8	%		20.2	%		20.0	%		19.4	%		19.0	%		(1.8	)		(0.4	)
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization [2]		15.7	%		15.2	%		15.3	%		14.8	%		15.8	%		0.1			1.0

[1] Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit to the forward purchase contracts of $1,020 underlying equity units.

[2] Junior subordinated debentures of $200 are included in short-term debt as of June 30, 2006. In July 2006 the debt was retired at par.

C - 6

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

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of June 30, 2006
Fixed maturities unrealized gain (loss)	$	96		$	(93	)	$	—		$	3
Equities unrealized gain		7			75			—			82
Net deferred loss on cash-flow hedging instruments		(283	)		(26	)		—			(309	)
Total unrealized loss		(180	)		(44	)		—			(224	)
Foreign currency translation adjustments		(20	)		(60	)		—			(80	)
Minimum pension liability adjustment		—			(66	)		(554	)		(620	)
Total accumulated other comprehensive income (loss)	$	(200	)	$	(170	)	$	(554	)	$	(924	)
As of December 31, 2005
Fixed maturities unrealized gain	$	555		$	323		$	—		$	878
Equities unrealized gain		18			73			—			91
Net deferred loss on cash-flow hedging instruments		(101	)		(9	)		—			(110	)
Total unrealized gain		472			387			—			859
Foreign currency translation adjustments		(79	)		(70	)		—			(149	)
Minimum pension liability adjustment		—			(66	)		(554	)		(620	)
Total accumulated other comprehensive income (loss)	$	393		$	251		$	(554	)	$	90

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,			Mar. 31,			Jun. 30,			Jun. 30,
	2005			2005			2005			2006			2006			2005		2006
Numerator:
Net income	$	602		$	539		$	467		$	728		$	476		$	1,268	$	1,204
Less: Net realized capital gains (losses), after-tax		(4	)		(17	)		(31	)		(69	)		(97	)		80		(166	)
Core earnings		606			556			498			797			573			1,188		1,370
Denominator:
Weighted average common shares outstanding (basic)		297.1			299.2			300.7			302.2			303.3			296.0		302.8
Dilutive effect of equity units		3.7			4.6			5.5			5.7			6.0			3.5		5.8
Dilutive effect of stock compensation		3.1			3.2			3.8			3.0			3.0			3.1		3.0
Weighted average common shares outstanding and dilutive potential common shares (diluted)		303.9			307.0			310.0			310.9			312.3			302.6		311.6
Basic earnings per share
Net income	$	2.03		$	1.80		$	1.55		$	2.41		$	1.57		$	4.28	$	3.98
Less: Net realized capital gains (losses), after-tax		(0.01	)		(0.06	)		(0.11	)		(0.23	)		(0.32	)		0.27		(0.54	)
Core earnings		2.04			1.86			1.66			2.64			1.89			4.01		4.52
Diluted earnings per share
Net income	$	1.98		$	1.76		$	1.51		$	2.34			1.52		$	4.19	$	3.86
Less: Net realized capital gains (losses), after-tax		(0.01	)		(0.05	)		(0.10	)		(0.22	)		(0.31	)		0.26		(0.54	)
Core earnings		1.99			1.81			1.61			2.56			1.83			3.93		4.40

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS AND LOSSES
THREE MONTHS ENDED JUNE 30, 2006 AND 2005

THREE MONTHS ENDED JUNE 30, 2006 AND 2005	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2006			2005			Change			2006			2005			Change			2006		2005			Change			2006			2005			Change
Net Realized Capital Gains (Losses) Excluded from Core Earnings, Before Tax and DAC
Net gains (losses) on sales	$	(34	)	$	39		NM			$	(1	)	$	6		NM			$	—	$	—			—		$	(35	)	$	45		NM
Impairments
Credit Related		—			(5	)		100	%		—			(5	)		100	%		—		—			—			—			(10	)		100	%
Other [1]		(43	)		—		NM				(23	)		—		NM				—		—			—			(66	)		—		NM
Total impairments		(43	)		(5	)	NM				(23	)		(5	)	NM				—		—			—			(66	)		(10	)	NM
Japanese fixed annuity, net [2]		(14	)		(40	)		65	%		—			—			—			—		—			—			(14	)		(40	)		65	%
GMWB derivatives, net [3]		(22	)		1		NM				—			—			—			—		—			—			(22	)		1		NM
Other [4]		(29	)		5		NM				(6	)		(1	)	NM				—		(1	)		100	%		(35	)		3		NM
Total net realized capital gains (losses) excluded from core earnings, before tax and DAC		(142	)		—		NM				(30	)		—		NM				—		(1	)		100	%		(172	)		(1	)	NM
Impacts of tax and deferred policy acquisition costs (“DAC”)		64			(4	)	NM				11			—		NM				—		1			100	%		75			(3	)	NM
Total net realized capital gains (losses) excluded from core earnings, after tax and DAC	$	(78	)	$	(4	)	NM			$	(19	)	$	—		NM			$	—	$	—			—		$	(97	)	$	(4	)	NM
Reconciliation of Net Realized Capital Gains (Losses) Excluded from Core Earnings to Total Net Realized Capital Gains (Losses) — Before-Tax
Total net realized capital gains (losses) excluded from core earnings	$	(142	)	$	—		NM			$	(30	)	$	—		NM			$	—	$	(1	)		100	%	$	(172	)	$	(1	)	NM
Total net realized capital gains (losses) included in core earnings		(8	)		(9	)		11	%		1			—		NM				—		—			—			(7	)		(9	)		22	%
Total net realized capital gains (losses)	$	(150	)	$	(9	)	NM			$	(29	)	$	—		NM			$	—	$	(1	)		100	%	$	(179	)	$	(10	)	NM

[1]	Primarily relates to fixed maturity impairments for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow for a recovery to amortized cost. These impairments do not relate to security issuers’ for which the Company has current concerns regarding their ability to pay future interest and principal amounts based upon the securities contractual terms.
[2]	Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized gain of $12 would have been recognized as an offset to this amount in the three months ended June 30, 2006.
[3]	Item represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[4]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS AND LOSSES
SIX MONTHS ENDED JUNE 30, 2006 AND 2005

SIX MONTHS ENDED JUNE 30, 2006 AND 2005	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2006			2005			Change			2006			2005			Change			2006		2005			Change			2006			2005			Change
Net Realized Capital Gains (Losses) Excluded from Core Earnings, Before Tax and DAC
Net gains on sales	$	(52	)	$	89		NM			$	2		$	49			(96	%)	$	—	$	—			—		$	(50	)	$	138		NM
Impairments
Credit Related		—			(5	)		100	%		—			(5	)		100	%		—		—			—			—			(10	)		100	%
Other [1]		(52	)		(1	)	NM				(37	)		—		NM				—		—			—			(89	)		(1	)	NM
Total impairments		(52	)		(6	)	NM				(37	)		(5	)	NM				—		—			—			(89	)		(11	)	NM
Japanese fixed annuity, net [2]		(58	)		(4	)	NM				—			—			—			—		—			—			(58	)		(4	)	NM
GMWB derivatives, net [3]		(35	)		8		NM				—			—			—			—		—			—			(35	)		8		NM
Other [4]		(57	)		9		NM				10			4			150	%		—		(2	)		100	%		(47	)		11		NM
Total net realized capital gains (losses) excluded from core earnings, before tax and DAC		(254	)		96		NM				(25	)		48		NM				—		(2	)		100	%		(279	)		142		NM
Impacts of tax and deferred policy acquisition costs (“DAC”)		104			(46	)	NM				9			(17	)	NM				—		1			100	%		113			(62	)	NM
Total net realized capital gains (losses) excluded from core earnings, after tax and DAC	$	(150	)	$	50		NM			$	(16	)	$	31		NM			$	—	$	(1	)		100	%	$	(166	)	$	80		NM
Reconciliation of Net Realized Capital Gains (Losses) Excluded from Core Earnings to Total Net Realized Capital Gains (Losses) — Before Tax
Total net realized capital gains (losses) excluded from core earnings	$	(254	)	$	96		NM			$	(25	)	$	48		NM			$	—	$	(2	)		100	%	$	(279	)	$	142		NM
Total net realized capital gains (losses) included in core earnings		(22	)		(13	)		(69	%)		1			—		NM				—		—			—			(21	)		(13	)		(62	%)
Total net realized capital gains (losses)	$	(276	)	$	83		NM			$	(24	)	$	48		NM			$	—	$	(2	)		100	%	$	(300	)	$	129		NM

[1]	Primarily relates to fixed maturity impairments for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow for a recovery to amortized cost. These impairments do not relate to security issuers’ for which the Company has current concerns regarding their ability to pay future interest and principal amounts based upon the securities contractual terms.
[2]	Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized gain of $60 would have been recognized as an offset to this amount in the six months ended June 30, 2006.
[3]	Item represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[4]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments.

C-10

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

	June 30,			Sept. 30,			Dec. 31,			Mar. 31,			June. 30,
	2005			2005			2005			2006			2006
Numerator [1]:
Net income — last 12 months	$	2,382		$	2,427		$	2,274		$	2,336		$	2,210
Core earnings — last 12 months	$	2,253		$	2,341		$	2,242		$	2,457		$	2,424
Core earnings, before tax related items — last 12 months	$	2,037		$	2,341		$	2,242		$	2,457		$	2,424
Denominator [2]:
Average equity, including AOCI		13,932.5			14,480.0			14,781.5			14,810.5			15,486.5
Less: Average AOCI		949.5			1,001.5			757.5			116.5			247.5
Average equity, excluding AOCI		12,983.0			13,478.5			14,024.0			14,694.0			15,239.0
ROE (net income last 12 months to equity including AOCI)		17.1	%		16.8	%		15.4	%		15.8	%		14.3	%
ROE (core earnings last 12 months to equity excluding AOCI)		17.4	%		17.4	%		16.0	%		16.7	%		15.9	%
ROE (core earnings, before tax related items last 12 months to equity excluding AOCI) [3]		15.7	%		17.4	%		16.0	%		16.7	%		15.9	%

[1]	For a reconciliation of net income to core earnings, see page C-8.
[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.
[3]	Core earnings for the three months ended September 30, 2004 included a tax benefit of $216 related to prior tax years.

C-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEIGHTED AVERAGE SHARE ANALYSIS

	Three Months Ended						Twelve Months Ended						Twelve Months Ended
	June 30, 2006						December 31, 2006						December 31, 2007
	Stock				Diluted weighted		Stock				Diluted weighted		Stock				Diluted weighted
Average share	compensation		Equity units		average common		compensation		Equity units		average common		compensation		Equity units		average common
price	dilution		dilution		shares [1]		dilution		dilution		shares [1,2]		dilution		dilution		shares [1,2]
$65.00		1.2		2.1		606.6		1.2		2.5		312.3		1.2		—		322.4
$70.00		1.7		3.3		308.3		1.7		2.9		313.2		1.7		—		322.9
$75.00		2.1		4.3		309.7		2.1		3.4		314.1		2.1		—		323.3
$80.00		2.5		5.1		310.9		2.5		3.7		314.8		2.5		—		323.7
$85.00		2.9		5.9		312.1		2.9		4.1		315.6		2.9		—		324.1
$86.21 [3]		3.0		6.0		312.3		3.0		4.1		315.7		3.0		—		324.2
$90.00		3.2		6.5		313.0		3.2		4.4		316.2		3.2		—		324.4
$95.00		3.4		7.1		313.8		3.4		4.6		316.6		3.4		—		324.6
$100.00		3.7		7.7		314.7		3.7		4.9		317.2		3.7		—		324.9
$105.00		3.9		8.1		315.3		3.9		5.1		317.6		3.9		—		325.1

[1]	Based on weighted average common shares outstanding (basic) at June 30, 2006 of 303.3 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
[3]	Represents the three months ended June 30, 2006 average share price.

C-12

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
REVENUES
Retail Products Group
Individual Annuity	$	681		$	682		$	683		$	697		$	703			3	%		1	%	$	1,353		$	1,400			3	%
Other Retail		118			128			133			153			164			39	%		7	%		236			317			34	%
Total Retail Products Group		799			810			816			850			867			9	%		2	%		1,589			1,717			8	%
Retirement Plans		117			118			122			137			131			12	%		(4	%)		230			268			17	%
Institutional Solutions Group		340			358			423			518			367			8	%		(29	%)		639			885			38	%
Individual Life		259			278			280			271			275			6	%		1	%		521			546			5	%
Group Benefits		1,048			1,049			1,066			1,132			1,129			8	%		—			2,094			2,261			8	%
International		111			141			168			180			184			66	%		2	%		215			364			69	%
Other		57			62			(16	)		(57	)		(75	)	NM				(32	%)		213			(132	)	NM
Total revenues before net investment income on equity securities held for trading		2,731			2,816			2,859			3,031			2,878			5	%		(5	%)		5,501			5,909			7	%
Net investment income on equity securities held for trading [1]		303			1,500			1,823			454			(970	)	NM			NM				524			(516	)	NM
Total revenues	$	3,034		$	4,316		$	4,682		$	3,485		$	1,908			(37	%)		(45	%)	$	6,025		$	5,393			(10	%)
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	141		$	158		$	183		$	160		$	155			10	%		(3	%)	$	277		$	315			14	%
Other Retail [2]		(14	)		14			(8	)		16			11		NM				(31	%)		(2	)		27		NM
Total Retail Products Group		127			172			175			176			166			31	%		(6	%)		275			342			24	%
Retirement Plans		17			20			21			21			22			29	%		5	%		34			43			26	%
Institutional Solutions Group		21			24			22			22			29			38	%		32	%		42			51			21	%
Individual Life		39			45			43			45			48			23	%		7	%		78			93			19	%
Group Benefits		64			68			81			68			74			16	%		9	%		123			142			15	%
International		21			28			33			46			52			148	%		13	%		35			98			180	%
Other [3], [4], [5]		(9	)		7			(56	)		40			(5	)		44	%	NM				(70	)		35		NM
Core earnings		280			364			319			418			386			38	%		(8	%)		517			804			56	%
Net realized gains (losses), net of tax, included in net income of Other		(4	)		(18	)		(28	)		(72	)		(78	)	NM				(8	%)		50			(150	)	NM
Net income	$	276		$	346		$	291		$	346		$	308			12	%		(11	%)	$	567		$	654			15	%
Core earnings ROE (last 12 months to equity excluding AOCI)		18.5	%		15.7	%		15.3	%		16.9	%		17.9	%		(0.6	)		1.0
Core earnings ROE (last 12 months to equity excluding AOCI), before tax related items [6]		15.7	%		15.7	%		15.3	%		16.9	%		17.9	%		2.2			1.0
Assets under management	$	258,097		$	270,689		$	276,525		$	290,409		$	290,804			13	%		—
DAC capitalization	$	497		$	511		$	507		$	506		$	473						(7	%)
DAC amortization	$	275		$	321		$	285		$	299		$	306						2	%
DAC and PVFP assets	$	7,842		$	8,250		$	8,567		$	9,048		$	9,362						3	%
United States Statutory surplus ($ in billions) [7]	$	5.1		$	4.4		$	4.3		$	4.4		$	4.3

[1]	These revenues will fluctuate principally due to the investment income and the mark-to-market adjustment of the trading investment portfolio supporting the variable annuities business in the international operations, principally in Japan.
[2]	Included in the three months ended June 30, 2005 is an expense of $24, after-tax, which has an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds. In addition, the three months ended December 31, 2005 included an expense of $22, after tax, representing the final settlement of this matter.
[3]	Includes charges of (i) $66, after-tax, for the three months ended March 31, 2005, (ii) $36, after-tax, for the three months ended December 31, 2005, and (iii) $7, after-tax, for the three months ended March 31, 2006, to reserve for investigations by the SEC and the New York Attorney General’s Office related to market timing, by the SEC related to directed brokerage, and by the New York Attorney General’s Office and the Connecticut Attorney General’s Office related to single premium group annuities.
[4]	Included in the three months ended December 31, 2005 is an expense of $18, after-tax, which is related to settlement of certain annuity contracts.
[5]	Included in the three months ended March 31, 2006 is a $34 benefit, after-tax, due to a reduction in litigation reserves related to leveraged corporate owned life insurance products following the favorable outcome of several cases during the first quarter of 2006.
[6]	The three months ended September 30, 2004 included a $190 tax benefit related to favorable treatment of certain tax items prior to 2004.
[7]	Estimated United States statutory surplus at June 30, 2006. United States statutory surplus declined at September 30, 2005 on a sequential quarter basis due to a change in ownership of the Company’s Japanese life insurance operations, effective September 1, 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,
	2005			2005			2005			2006				2006			Change			Change			2005		2006			Change
REVENUES
Earned premiums	$	1,047		$	1,045		$	1,112		$	1,273			$	1,081			3	%		(15	%)	$	2,046	$	2,354			15	%
Fee income		960			1,026			1,064			1,118				1,156			20	%		3	%		1,910		2,274			19	%
Net investment income
Securities available-for-sale and other		733			771			765			766				791			8	%		3	%		1,462		1,557			6	%
Equity securities held for trading [1]		303			1,500			1,823			454				(970	)	NM			NM				524		(516	)	NM
Total net investment income		1,036			2,271			2,588			1,220				(179	)	NM			NM				1,986		1,041			(48	%)
Net realized capital gains (losses)		(9	)		(26	)		(82	)		(126	)			(150	)	NM				(19	%)		83		(276	)	NM
Total revenues		3,034			4,316			4,682			3,485				1,908			(37	%)		(45	%)		6,025		5,393			(10	%)
BENEFITS AND EXPENSES
Benefits, claims and claim adjustment expenses [1]		1,756			2,926			3,388			2,138				508			(71	%)		(76	%)		3,495		2,646			(24	%)
Amortization of deferred policy acquisition costs and present value of future profits		275			321			285			299				306			11	%		2	%		566		605			7	%
Insurance operating costs and other expenses		639			621			685			593				701			10	%		18	%		1,216		1,294			6	%
Total benefits and expenses		2,670			3,868			4,358			3,030				1,515			(43	%)		(50	%)		5,277		4,545			(14	%)
NET INCOME
Income before income taxes		364			448			324			455				393			8	%		(14	%)		748		848			13	%
Income tax expense		88			102			33			109				85			(3	%)		(22	%)		181		194			7	%
Net income		276			346			291			346				308			12	%		(11	%)		567		654			15	%
Less: net realized gains (losses), net of tax, included in income of Other		(4	)		(18	)		(28	)		(72	)			(78	)	NM				(8	%)		50		(150	)	NM
Core earnings	$	280		$	364		$	319		$	418			$	386			38	%		(8	%)		517		804			56	%

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

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
TOTAL ASSETS UNDER MANAGEMENT	2005		2005		2005		2006		2006		Change			Change
Assets
General account	$	85,912	$	89,582	$	92,945	$	95,730	$	97,320		13	%		2	%
Separate account		142,774		150,341		150,875		158,419		156,523		10	%		(1	%)
Total assets		228,686		239,923		243,820		254,149		253,843		11	%		—
Mutual fund assets		29,411		30,766		32,705		36,260		36,961		26	%		2	%
Total assets under management	$	258,097	$	270,689	$	276,525	$	290,409	$	290,804		13	%		—

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
	2005			2005			2005			2006			2006			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	51,723		$	51,115		$	50,812		$	50,571		$	50,453			(2	%)		—
Equity securities, trading, at fair value		17,955			21,247			24,034			26,057			26,916			50	%		3	%
Equity securities, available-for-sale, at fair value		793			797			800			820			772			(3	%)		(6	%)
Policy loans, at outstanding balance		2,140			2,009			2,016			2,007			2,110			(1	%)		5	%
Mortgage loans on real estate		1,148			1,178			1,513			1,920			2,269			98	%		18	%
Other investments		627			550			609			640			831			33	%		30	%
Total investments		74,386			76,896			79,784			82,015			83,351			12	%		2	%
Cash		771			1,223			1,001			1,104			888			15	%		(20	%)
Premiums receivable and agents’ balances		418			417			426			408			396			(5	%)		(3	%)
Reinsurance recoverables		752			722			800			805			785			4	%		(2	%)
Deferred policy acquisition costs and present value of future profits		7,842			8,250			8,567			9,048			9,362			19	%		3	%
Deferred income taxes		(979	)		(706	)		(559	)		(414	)		(278	)		72	%		33	%
Goodwill		796			796			796			796			796			—			—
Property and equipment, net		191			200			198			206			213			12	%		3	%
Other assets		1,735			1,784			1,932			1,762			1,807			4	%		3	%
Separate account assets		142,774			150,341			150,875			158,419			156,523			10	%		(1	%)
Total assets	$	228,686		$	239,923		$	243,820		$	254,149		$	253,843			11	%		—
Future policy benefits, unpaid claims and claim adjustment expenses	$	12,467		$	12,591		$	12,987		$	13,163		$	13,454			8	%		2	%
Other policyholder funds and benefits payable		57,481			61,535			64,452			66,602			67,767			18	%		2	%
Unearned premiums		57			67			69			70			85			49	%		21	%
Other liabilities		5,268			5,036			5,165			5,641			5,790			10	%		3	%
Separate account liabilities		142,774			150,341			150,875			158,419			156,523			10	%		(1	%)
Total liabilities		218,047			229,570			233,548			243,895			243,619			12	%		—
Equity excluding AOCI, net of tax		9,366			9,643			9,879			10,175			10,424			11	%		2	%
AOCI, net of tax		1,273			710			393			79			(200	)	NM			NM
Total stockholders’ equity		10,639			10,353			10,272			10,254			10,224			(4	%)		—
Total liabilities and stockholders’ equity	$	228,686		$	239,923		$	243,820		$	254,149		$	253,843			11	%		—
Hartford Life and Accident Insurance Company NAIC RBC								368	%
Hartford Life Insurance Company NAIC RBC								455	%
Hartford Life and Annuity Insurance Company NAIC RBC								1110	%

L - 4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS

				Other						Institutional
	Individual			Retail Products			Retirement			Solutions			Individual			Group						Other
	Annuity			Group			Plans			Group			Life			Benefits			International			Life		Total
YEAR-TO-DATE
Balance, December 31, 2005	$	4,617		$	97		$	405		$	81		$	1,975		$	95		$	1,281		$	16	$	8,567
Adjustments to unrealized gains and losses on securities available — for — sale and other		45			—			7			—			70			—			(10	)		—		112
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,662			97			412			81			2,045			95			1,271			16		8,679
Capitalization		415			44			56			26			169			28			241			—		979
Amortization — Deferred Policy Acquisition Costs		(375	)		(27	)		(16	)		(16	)		(60	)		(20	)		(97	)		—		(611	)
Amortization — Present Value of Future Profits		(4	)		—			—			—			(12	)		—			—			—		(16	)
Amortization — Realized Capital Gains		—			—			—			—			—			—			—			22		22
Effect of Currency Translation Adjustment		—			—			—			—			—			—			44			—		44
Balance, June 30, 2006		4,698			114			452			91			2,142			103			1,459			38		9,097
Adjustments to unrealized gains and losses on securities available — for — sale and other		176			—			45			—			37			—			7			—		265
Balance, June 30, 2006 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,874		$	114		$	497		$	91		$	2,179		$	103		$	1,466		$	38	$	9,362

L - 5

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

	As of June 30, 2006
	ACCOUNT		NET AMT AT		% of NAR			RETAINED
	VALUE		RISK		REINSURED			NAR
BREAKDOWN OF VARIABLE ANNUITY ACCOUNT VALUE BY BENEFIT TYPE
Maximum anniversary value (MAV) [1]
MAV only	$	53,559	$	4,880		88	%	$	583
with 5% rollup [2]		3,814		490		80	%		98
with Earnings Protection Benefit Rider (EPB) [3]		5,314		333		82	%		59
with 5% rollup & EPB		1,379		132		82	%		24
Total MAV		64,066		5,835		87	%		764
Asset Protection Benefit (APB) [4]		31,244		167		45	%		92
Lifetime Income Benefit (LIB) [5]		1,682		2		—	%		2
Reset [6] (5-7 years)		6,863		382		—	%		382
Return of Premium [7]/Other		9,331		36		3	%		35
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	113,186	$	6,422		80	%	$	1,275
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		27,323		249		28	%		180
TOTAL	$	140,509	$	6,671		78	%	$	1,455

	As of		As of		As of		As of		As of
	June 30,		September 30,		December 31,		March 31,		June 30,
	2005		2005		2005		2006		2006
OTHER DATA											��
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,191.33		1,228.81		1,248.29		1,294.83		1,270.20
Total Account Value	$	106,015	$	110,413	$	112,065	$	115,699	$	113,186
Retained net amount of risk		1,561		1,302		1,162		1,039		1,275
GMDB net GAAP liability		115		118		118		125		129
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	18,440	$	21,892	$	24,641	$	26,696	$	27,323
Retained net amount of risk		63		15		9		12		180
GMDB/GMIB net GAAP liability		39		46		50		59		66

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 or 100% of adjusted premiums.
[3]	EPB: The death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB: The death benefit is the greatest of the current account value or MAV, net premiums paid, or a benefit amount that rachets over time, generally based on market performance.
[6]	Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).
[7]	Return of premium: the death benefit is the greater of current account value and net premiums paid.
[8]	Death benefits include a Return of Premium and MAV (before age 75) death benefit and a guarantee to return initial investment, which is adjusted for earnings liquidity or a maximum 3% of premiums, depending on the product, through a fixed annuity after a minimum deferral period of 10, 15 or 20 years. The guaranteed remaining balance related to the Japan GMIB was $18.6 billion and $15.2 billion as of June 30, 2006 and December 31, 2005, respectively.

L - 6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of March 31, 2006

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	1,752
Liability for reinsurance in unauthorized companies		(8	)
Net statutory reinsurance reserve credit	$	1,744
Statutory amounts recoverable from reinsurers	$	139

The top ten reinsurers represent $1,616 or 93% of the total statutory reserve credit and amounts recoverable.

• 4% of this amount is with reinsurers rated “A++” by A.M. Best at July 15, 2006.

• 56% of this amount is with reinsurers rated “A+” by A.M. Best at July 15, 2006.

• 33% of this amount is with reinsurers rated “A-” by A.M. Best at July 15, 2006.

• 7% of this amount is with reinsurers rated “B++” by A.M. Best at July 15, 2006.

L - 7

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

	March 31, 2006			December 31, 2005
Statutory Capital and Surplus	$	4,426		$	4,348
GAAP Adjustments
Investment in subsidiaries		(528	)		(469	)
Deferred policy acquisition costs		9,048			8,567
Deferred taxes		(644	)		(847	)
Benefit reserves		(3,350	)		(3,268	)
Unrealized gains on investments, net of impairments		577			1,193
Asset valuation reserve and interest maintenance reserve		499			531
Goodwill		481			463
Other, net		(255	)		(246	)
GAAP Stockholders’ Equity	$	10,254		$	10,272

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	416		$	440		$	448		$	462		$	473			14	%		2	%	$	826		$	935			13	%
Mutual fund and other fees		32			28			28			32			33			3	%		3	%		62			65			5	%
Total fee income		448			468			476			494			506			13	%		2	%		888			1,000			13	%
Direct premiums		28			18			15			19			18			(36	%)		(5	%)		47			37			(21	%)
Reinsurance premiums		(33	)		(33	)		(32	)		(36	)		(36	)		(9	%)		—			(67	)		(72	)		(7	%)
Net premiums		(5	)		(15	)		(17	)		(17	)		(18	)	NM				(6	%)		(20	)		(35	)		(75	%)
Total premiums and other considerations		443			453			459			477			488			10	%		2	%		868			965			11	%
Net investment income
Net investment income on G/A assets		258			250			244			234			235			(9	%)		—			526			469			(11	%)
Net investment income on assigned capital		17			17			17			16			15			(12	%)		(6	%)		34			31			(9	%)
Charge for invested capital		(39	)		(40	)		(38	)		(33	)		(37	)		5	%		(12	%)		(81	)		(70	)		14	%
Total net investment income		236			227			223			217			213			(10	%)		(2	%)		479			430			(10	%)
Net realized capital gains		2			2			1			3			2			—			(33	%)		6			5			(17	%)
Total revenues		681			682			683			697			703			3	%		1	%		1,353			1,400			3	%
Benefits and Expenses
Benefits and claims
Death benefits		13			6			9			10			8			(38	%)		(20	%)		21			18			(14	%)
Other contract benefits		20			24			22			22			23			15	%		5	%		39			45			15	%
Change in reserve		13			1			(6	)		3			2			(85	%)		(33	%)		23			5			(78	%)
Sales inducements		10			10			10			9			14			40	%		56	%		19			23			21	%
Interest credited on G/A assets		180			177			171			163			160			(11	%)		(2	%)		369			323			(12	%)
Total benefits and claims		236			218			206			207			207			(12	%)		—			471			414			(12	%)
Other insurance expenses
Commissions & wholesaling expenses		248			232			230			265			280			13	%		6	%		494			545			10	%
Operating expenses		53			47			54			45			52			(2	%)		16	%		102			97			(5	%)
Premium taxes and other expenses		5			4			—			3			5			—			67	%		10			8			(20	%)
Subtotal — expenses before deferral		306			283			284			313			337			10	%		8	%		606			650			7	%
Deferred policy acquisition costs		(198	)		(176	)		(170	)		(202	)		(213	)		(8	%)		(5	%)		(396	)		(415	)		(5	%)
Total other insurance expense		108			107			114			111			124			15	%		12	%		210			235			12	%
Amortization of deferred policy acquisition costs		164			173			185			187			192			17	%		3	%		332			379			14	%
Total benefits and expenses		508			498			505			505			523			3	%		4	%		1,013			1,028			1	%
Income before income taxes		173			184			178			192			180			4	%		(6	%)		340			372			9	%
Income tax expense (benefit) [1]		32			26			(5	)		32			25			(22	%)		(22	%)		63			57			(10	%)
Net income [2]	$	141		$	158		$	183		$	160		$	155			10	%		(3	%)	$	277		$	315			14	%

[1]	The three months ended September 30, 2005 and December 31, 2005 includes $9 and $40, respectively, of additional tax benefits related to a change in DRD estimates.
[2]	Net income equals core earnings for this segment.

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	2		$	3		$	3		$	3		$	3			50	%		—		$	3		$	6			100	%
Mutual fund and other fees		116			123			129			151			161			39	%		7	%		232			312			34	%
Total fee income		118			126			132			154			164			39	%		6	%		235			318			35	%
Net investment income
Net investment income on G/A assets		—			2			1			(1	)		2			—			NM			1			1			—
Total net investment income		—			2			1			(1	)		2			—			NM			1			1			—
Net realized capital (losses)		—			—			—			—			(2	)		—			—			—			(2	)		—
Total revenues		118			128			133			153			164			39	%		7	%		236			317			34	%
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		74			78			89			109			120			62	%		10	%		148			229			55	%
Operating expenses		23			21			26			24			28			22	%		17	%		46			52			13	%
Premium taxes and other expenses [1]		41			7			35			5			7			(83	%)		40	%		45			12			(73	%)
Subtotal — expenses before deferral		138			106			150			138			155			12	%		12	%		239			293			23	%
Deferred policy acquisition costs		(13	)		(14	)		(16	)		(21	)		(23	)		(77	%)		(10	%)		(27	)		(44	)		(63	%)
Total other insurance expense		125			92			134			117			132			6	%		13	%		212			249			17	%
Amortization of deferred policy acquisition costs		14			14			13			11			16			14	%		45	%		27			27			—
Total benefits and expenses		139			106			147			128			148			6	%		16	%		239			276			15	%
Income (loss) before income taxes		(21	)		22			(14	)		25			16			NM			(36	%)		(3	)		41			NM
Income tax expense (benefit)		(7	)		8			(6	)		9			5			NM			(44	%)		(1	)		14			NM
Net income (loss) [2]	$	(14	)	$	14		$	(8	)	$	16		$	11			NM			(31	%)	$	(2	)	$	27			NM

[1]	Included in the three months ended June 30, 2005 and December 31, 2005 the Company recorded amounts of $37 and $33, pre-tax, in association with the termination of a provision of an agreement with a distribution partner of the Company’s mutual funds.
[2]	Net income equals core earnings for this segment.

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,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
Individual Annuity
Broker-dealer	$	1,818	$	1,676	$	1,582	$	1,941	$	2,074		14	%		7	%	$	3,710	$	4,015		8	%
Banks		1,140		1,127		1,001		1,237		1,359		19	%		10	%		2,421		2,596		7	%
Total sales/deposits by distribution		2,958		2,803		2,583		3,178		3,433		16	%		8	%		6,131		6,611		8	%
Variable		2,886		2,748		2,497		3,091		3,228		12	%		4	%		5,989		6,319		6	%
Fixed MVA/other		72		55		86		87		205		185	%		136	%		142		292		106	%
Total sales/deposits by product		2,958		2,803		2,583		3,178		3,433		16	%		8	%		6,131		6,611		8	%
Retail Mutual Funds		1,321		1,307		1,739		2,692		2,779		110	%		3	%		2,767		5,471		98	%
529 College Savings Plan/Specialty Products/Other		97		129		136		153		136		40	%		(11	%)		215		289		34	%
Total Retail Products Group	$	4,376	$	4,239	$	4,458	$	6,023	$	6,348		45	%		5	%	$	9,113	$	12,371		36	%

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
	2005		2005		2005		2006		2006		Change			Change
INDIVIDUAL ANNUITY
General account	$	17,852	$	17,324	$	16,872	$	16,460	$	16,202		(9	%)		(2	%)
Non-guaranteed separate account		92,448		96,591		98,664		102,304		100,058		8	%		(2	%)
Total Individual Annuity	$	110,300	$	113,915	$	115,536	$	118,764	$	116,260		5	%		(2	%)
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	7,415	$	7,120	$	6,771	$	6,517	$	6,292		(15	%)		(3	%)
Non-guaranteed separate account		92,332		96,472		98,543		102,178		99,932		8	%		(2	%)
Total individual variable annuities		99,747		103,592		105,314		108,695		106,224		6	%		(2	%)
Fixed MVA & other individual annuities		10,553		10,323		10,222		10,069		10,036		(5	%)		—
Total Individual Annuity		110,300		113,915		115,536		118,764		116,260		5	%		(2	%)
Specialty Products/Other — Segregated Assets		243		286		336		386		417		72	%		8	%
Mutual Fund Assets																��
Retail mutual fund assets		25,958		27,522		29,063		31,988		32,611		26	%		2	%
Specialty Product/Other mutual fund assets		218		293		335		396		439		101	%		11	%
529 College Savings Plan assets		553		608		669		744		764		38	%		3	%
Total Mutual Fund Assets		26,729		28,423		30,067		33,128		33,814		27	%		2	%
Total Retail Products Group Assets Under Management	$	137,272	$	142,624	$	145,939	$	152,278	$	150,491		10	%		(1	%)

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,
		2005			2005			2005			2006			2006
VARIABLE ANNUITIES	Beginning balance	$	98,071		$	99,747		$	103,592		$	105,314		$	108,695
	Sales/Deposits		2,886			2,748			2,497			3,091			3,228
	Surrenders		(2,577	)		(2,745	)		(3,021	)		(3,505	)		(3,468	)
	Death benefits/annuity payouts		(388	)		(364	)		(365	)		(413	)		(393	)
	Transfers [2]		20			13			9			(1	)		(5	)
	Net Flows		(59	)		(348	)		(880	)		(828	)		(638	)
	Change in market value/change in reserve/interest credited		1,729			4,186			2,599			4,204			(1,838	)
	Other [3]		6			7			3			5			5
	Ending balance	$	99,747		$	103,592		$	105,314		$	108,695		$	106,224
FIXED MVA AND OTHER	Beginning balance	$	10,946		$	10,553		$	10,323		$	10,222		$	10,069
	Sales/Deposits		72			55			86			87			205
	Surrenders		(452	)		(297	)		(197	)		(246	)		(250	)
	Death benefits/annuity payouts		(136	)		(122	)		(120	)		(127	)		(127	)
	Transfers [2]		(12	)		3			9			11			23
	Net Flows		(528	)		(361	)		(222	)		(275	)		(149	)
	Change in market value/change in reserve/interest credited		135			131			121			122			116
	Ending balance	$	10,553		$	10,323		$	10,222		$	10,069		$	10,036
TOTAL INDIVIDUAL ANNUITY	Beginning balance	$	109,017		$	110,300		$	113,915		$	115,536		$	118,764
	Sales/Deposits		2,958			2,803			2,583			3,178			3,433
	Surrenders		(3,029	)		(3,042	)		(3,218	)		(3,751	)		(3,718	)
	Death benefits/annuity payouts		(524	)		(486	)		(485	)		(540	)		(520	)
	Transfers [2]		8			16			18			10			18
	Net Flows		(587	)		(709	)		(1,102	)		(1,103	)		(787	)
	Change in market value/change in reserve/interest credited		1,864			4,317			2,720			4,326			(1,722	)
	Other [3]		6			7			3			5			5
	Ending balance	$	110,300		$	113,915		$	115,536		$	118,764		$	116,260

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

L - 13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP

SUPPLEMENTAL DATA — OTHER RETAIL — ASSET ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2005			2005			2005			2006			2006
RETAIL MUTUAL FUNDS
	Beginning balance	$	24,949		$	25,958		$	27,522		$	29,063		$	31,988
Sales/Deposits			1,321			1,307			1,739			2,692			2,779
Redemptions			(999	)		(1,234	)		(1,180	)		(1,164	)		(1,390	)
Net Sales			322			73			559			1,528			1,389
Change in market value			705			1,509			1,003			1,429			(734	)
Other [2]			(18	)		(18	)		(21	)		(32	)		(32	)
	Ending balance	$	25,958		$	27,522		$	29,063		$	31,988		$	32,611

[1]	Assets 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
RETIREMENT PLANS

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	34		$	36		$	38		$	40		$	45			32	%		13	%	$	66		$	85			29	%
Mutual fund and other fees		3			4			3			3			3			—			—			5			6			20	%
Total fee income		37			40			41			43			48			30	%		12	%		71			91			28	%
Direct premiums		4			1			2			14			2			(50	%)		(86	%)		7			16			129	%
Total premiums and other considerations		41			41			43			57			50			22	%		(12	%)		78			107			37	%
Net investment income
Net investment income on G/A assets		76			75			79			78			78			3	%		—			149			156			5	%
Net investment income on assigned capital		2			3			2			2			3			50	%		50	%		5			5			—
Charge for invested capital		(1	)		—			(1	)		—			(1	)		—			—			(1	)		(1	)		—
Total net investment income		77			78			80			80			80			4	%		—			153			160			5	%
Net realized capital gains (losses)		(1	)		(1	)		(1	)		—			1		NM				—			(1	)		1		NM
Total revenues		117			118			122			137			131			12	%		(4	%)		230			268			17	%
Benefits and Expenses
Benefits and claims
Death benefits		1			—			—			1			(1	)	NM			NM				1			—			(100	%)
Other contract benefits		13			13			14			13			13			—			—			27			26			(4	%)
Change in reserve		(4	)		(6	)		(6	)		5			(5	)		(25	%)	NM				(9	)		—			100	%
Interest credited on G/A assets		49			50			51			50			52			6	%		4	%		96			102			6	%
Total benefits and claims		59			57			59			69			59			—			(14	%)		115			128			11	%
Other insurance expenses
Commissions & wholesaling expenses		14			15			18			20			19			36	%		(5	%)		31			39			26	%
Operating expenses		39			40			47			38			44			13	%		16	%		73			82			12	%
Premium taxes and other expenses		(1	)		1			(3	)		—			1		NM				—			(1	)		1		NM
Subtotal — expenses before deferral		52			56			62			58			64			23	%		10	%		103			122			18	%
Deferred policy acquisition costs		(23	)		(24	)		(35	)		(27	)		(29	)		(26	%)		(7	%)		(47	)		(56	)		(19	%)
Total other insurance expense		29			32			27			31			35			21	%		13	%		56			66			18	%
Amortization of deferred policy acquisition costs		5			5			9			8			8			60	%		—			12			16			33	%
Total benefits and expenses		93			94			95			108			102			10	%		(6	%)		183			210			15	%
Income before income taxes		24			24			27			29			29			21	%		—			47			58			23	%
Income tax expense		7			4			6			8			7			—			(13	%)		13			15			15	%
Net income [1]	$	17		$	20		$	21		$	21		$	22			29	%		5	%	$	34		$	43			26	%

[1] Net income equals core earnings for this segment.

L - 15

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

											Year Over
	THREE MONTHS ENDED										Sequential			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
401K
Annuity — plan/participant rollovers	$	316	$	420	$	442	$	741	$	389		23	%		(48	%)	$	893	$	1,130		27	%
Annuity — ongoing contributions		301		317		312		437		405		35	%		(7	%)		618		842		36	%
Total 401K Annuity		617		737		754		1,178		794		29	%		(33	%)		1,511		1,972		31	%
Mutual funds		46		54		73		57		69		50	%		21	%		108		126		17	%
Total 401K		663		791		827		1,235		863		30	%		(30	%)		1,619		2,098		30	%
Governmental
Annuity — plan/participant rollovers		25		94		48		104		132	NM				27	%		86		236		174	%
Annuity — ongoing contributions		234		227		217		215		229		(2	%)		7	%		477		444		(7	%)
Total Annuity		259		321		265		319		361		39	%		13	%		563		680		21	%
Mutual funds [1]		8		41		13		—		—		(100	%)		—			22		—		(100	%)
Total Governmental		267		362		278		319		361		35	%		13	%		585		680		16	%
Total Retirement Plans	$	930	$	1,153	$	1,105	$	1,554	$	1,224		32	%		(21	%)	$	2,204	$	2,778		26	%

[1] Internal transfer from Retirement Plans Governmental business to Institutional Solutions Group.

L - 16

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2005		2005		2005		2006		2006		Change			Change
401K
General account	$	1,194	$	1,247	$	1,230	$	1,287	$	1,278		7	%		(1	%)
Non-guaranteed separate account		6,344		7,056		7,612		8,751		9,004		42	%		3	%
Total 401K	$	7,538	$	8,303	$	8,842	$	10,038	$	10,282		36	%		2	%
GOVERNMENTAL
General account	$	4,201	$	4,284	$	4,323	$	4,336	$	4,412		5	%		2	%
Non-guaranteed separate account		5,853		5,878		6,152		6,091		6,046		3	%		(1	%)
Total Governmental	$	10,054	$	10,162	$	10,475	$	10,427	$	10,458		4	%		-
TOTAL RETIREMENT
General account	$	5,395	$	5,531	$	5,553	$	5,623	$	5,690		5	%		1	%
Non-guaranteed separate account		12,197		12,934		13,764		14,842		15,050		23	%		1	%
Total Retirement Plans account value	$	17,592	$	18,465	$	19,317	$	20,465	$	20,740		18	%		1	%
BY PRODUCT
401K — Annuity	$	7,538	$	8,303	$	8,842	$	10,038	$	10,282		36	%		2	%
Governmental — Annuity		10,054		10,162		10,475		10,427		10,458		4	%		—
Total Retirement Plans account value		17,592		18,465		19,317		20,465		20,740		18	%		1	%
Mutual Fund Assets
401K mutual fund assets		808		872		947		1,032		1,040		29	%		1	%
Governmental mutual fund assets [1]		728		147		163		—		—		(100	%)		—
Total Mutual Fund Assets		1,536		1,019		1,110		1,032		1,040		(32	%)		1	%
Total Retirement Plans Assets Under Management	$	19,128	$	19,484	$	20,427	$	21,497	$	21,780		14	%		1	%

[1] Internal transfer from Retirement Plans Governmental business to Institutional Solutions Group.

L - 17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETIREMENT PLANS

SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2005			2005			2005			2006			2006
401K
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	7,064		$	7,538		$	8,303		$	8,842		$	10,038
Sales/Deposits			617			737			754			1,178			794
Surrenders			(271	)		(268	)		(418	)		(361	)		(369	)
Death benefits/annuity payouts			(4	)		(6	)		(7	)		(8	)		(8	)
Net Flows			342			463			329			809			417
Change in market value/change in reserve/interest credited			132			302			210			387			(173	)
	Ending balance	$	7,538		$	8,303		$	8,842		$	10,038		$	10,282
GOVERNMENTAL
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	9,882		$	10,054		$	10,162		$	10,475		$	10,427
Sales/Deposits			259			321			265			319			361
Surrenders			(234	)		(570	)		(185	)		(260	)		(221	)
Death benefits/annuity payouts			(18	)		(14	)		(17	)		(14	)		(16	)
Net Flows			7			(263	)		63			45			124
Change in market value/change in reserve/interest credited			165			371			250			320			(93	)
Tramsfers [2]			—			—			—			(413	)		—
	Ending balance	$	10,054		$	10,162		$	10,475		$	10,427		$	10,458

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Internal transfer from Retirement Plans Governmental business to Institutional Solutions Group.

L - 18

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	13		$	15		$	16		$	15		$	16			23	%		7	%	$	27		$	31			15	%
Cost of insurance charges		13			6			7			9			6			(54	%)		(33	%)		34			15			(56	%)
Mutual fund and other fees		7			5			—			3			6			(14	%)		100	%		9			9			—
Total fee income		33			26			23			27			28			(15	%)		4	%		70			55			(21	%)
Direct premiums		115			126			181			267			92			(20	%)		(66	%)		197			359			82	%
Total premiums and other considerations		148			152			204			294			120			(19	%)		(59	%)		267			414			55	%
Net investment income
Net investment income on G/A assets		187			203			215			220			243			30	%		10	%		363			463			28	%
Net investment income on assigned capital		5			5			5			5			5			—			—			10			10			—
Charge for invested capital		1			(1	)		1			—			—			(100	%)		—			1			—			(100	%)
Total net investment income		193			207			221			225			248			28	%		10	%		374			473			26	%
Net realized capital (losses)		(1	)		(1	)		(2	)		(1	)		(1	)		—			—			(2	)		(2	)		—
Total revenues		340			358			423			518			367			8	%		(29	%)		639			885			38	%
Benefits and Expenses
Benefits and claims
Death benefits		13			5			11			10			7			(46	%)		(30	%)		36			17			(53	%)
Other contract benefits		71			75			73			78			82			15	%		5	%		144			160			11	%
Change in reserve		112			121			177			260			83			(26	%)		(68	%)		187			343			83	%
Interest credited on G/A assets		91			99			110			115			127			40	%		10	%		174			242			39	%
Total benefits and claims		287			300			371			463			299			4	%		(35	%)		541			762			41	%
Other insurance expenses
Commissions & wholesaling expenses		10			12			10			11			10			—			(9	%)		18			21			17	%
Operating expenses		14			16			18			15			18			29	%		20	%		28			33			18	%
Premium taxes and other expenses		5			4			(1	)		3			4			(20	%)		33	%		7			7			—
Subtotal — expenses before deferral		29			32			27			29			32			10	%		10	%		53			61			15	%
Deferred policy acquisition costs		(12	)		(17	)		(13	)		(13	)		(13	)		(8	%)		—			(26	)		(26	)		—
Total other insurance expense		17			15			14			16			19			12	%		19	%		27			35			30	%
Amortization of deferred policy acquisition costs		8			9			9			8			8			—			—			14			16			14	%
Total benefits and expenses		312			324			394			487			326			4	%		(33	%)		582			813			40	%
Income before income taxes		28			34			29			31			41			46	%		32	%		57			72			26	%
Income tax expense		7			10			7			9			12			71	%		33	%		15			21			40	%
Net income [1]	$	21		$	24		$	22		$	22		$	29			38	%		32	%	$	42		$	51			21	%

[1] Net income equals core earnings for this segment.

L - 19

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,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
Institutional
Structured settlements	$	163	$	187	$	159	$	203	$	139		(15	%)		(32	%)	$	301	$	342		14	%
Institutional annuities		6		9		147		136		13		117	%		(90	%)		22		149	NM
GIC/Funding agreements/registered notes		338		1,099		311		565		712		111	%		26	%		1,245		1,277		3	%
Other		204		7		302		22		138		(32	%)	NM				204		160		(22	%)
Subtotal		711		1,302		919		926		1,002		41	%		8	%		1,772		1,928		9	%
Mutual funds		307		134		172		385		223		(27	%)		(42	%)		497		608		22	%
Total Institutional		1,018		1,436		1,091		1,311		1,225		20	%		(7	%)		2,269		2,536		12	%
Private Placement Life Insurance
Corporate owned		169		241		22		94		232		37	%		147	%		234		326		39	%
High net worth		11		4		9		12		12		9	%		—			55		24		(56	%)
Total Private Placement Life Insurance		180		245		31		106		244		36	%		130	%		289		350		21	%
Total Institutional Solutions Group	$	1,198	$	1,681	$	1,122	$	1,417	$	1,469		23	%		4	%	$	2,558	$	2,886		13	%

L - 20

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
	2005		2005			2005		2006		2006		Change			Change
INSTITUTIONAL
General account	$	12,590	$	13,680		$	14,034	$	14,695	$	15,415		22	%		5	%
Guaranteed separate account		373		358			417		397		385		3	%		(3	%)
Non-guaranteed separate account		3,113		3,136			3,466		3,925		3,930		26	%		—
Total Institutional	$	16,076	$	17,174		$	17,917	$	19,017	$	19,730		23	%		4	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	10	$	10		$	7	$	7	$	7		(30	%)		—
Non-guaranteed separate account		23,047		23,528	��		23,829		24,209		24,622		7	%		2	%
Total Private Placement Life Insurance	$	23,057	$	23,538		$	23,836	$	24,216	$	24,629		7	%		2	%
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	12,600	$	13,690		$	14,041	$	14,702	$	15,422		22	%		5	%
Guaranteed separate account		373		358			417		397		385		3	%		(3	%)
Non-guaranteed separate account		26,160		26,664			27,295		28,134		28,552		9	%		1	%
Total Institutional Solutions Group account value	$	39,133	$	40,712		$	41,753	$	43,233	$	44,359		13	%		3	%
BY PRODUCT
Institutional
Structured settlements	$	4,307	$	4,492		$	4,652	$	4,856	$	4,991		16	%		3	%
Institutional annuities		2,504		2,491			2,637		2,733		2,714		8	%		(1	%)
GIC/Funding agreements/registered notes		6,254		7,163			7,275		7,610		8,200		31	%		8	%
Other		3,011		3,028			3,353		3,818		3,825		27	%		—
Total Institutional		16,076		17,174			17,917		19,017		19,730		23	%		4	%
Private Placement Life Insurance		23,057		23,538			23,836		24,216		24,629		7	%		2	%
Total Institutional Solutions Group account value		39,133		40,712			41,753		43,233		44,359		13	%		3	%
Institutional Mutual Fund Assets		1,146		1,324			1,528		2,100		2,107		84	%		—
Total Institutional Solutions Group Assets Under Management	$	40,279	$	42,036		$	43,281	$	45,333	$	46,466		15	%		2	%

L - 21

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,
	2005			2005			2005			2006			2006
INSTITUTIONAL
(EXCLUDING ALL MUTUAL FUNDS)
Beginning balance	$	15,497		$	16,076		$	17,174		$	17,917		$	19,017
Sales/Deposits		711			1,302			919			926			1,002
Surrenders		(323	)		(296	)		(316	)		(374	)		(284	)
Death benefits/annuity payouts		(118	)		(119	)		(118	)		(126	)		(131	)
Net Flows		270			887			485			426			587
Change in market value/change in reserve/interest credited		309			211			258			261			126
Transfers [2]		—			—			—			413			—
Ending balance	$	16,076		$	17,174		$	17,917		$	19,017		$	19,730
PRIVATE PLACEMENT LIFE INSURANCE
Beginning balance	$	22,641		$	23,057		$	23,538		$	23,836		$	24,216
Sales/Deposits		180			245			31			106			244
Surrenders		(2	)		(16	)		(4	)		(10	)		(14	)
Death benefits/annuity payouts		(9	)		(17	)		(16	)		(12	)		(8	)
Net Flows		169			212			11			84			222
Change in market value/change in reserve/interest credited		301			311			286			347			238
Other [3]		(54	)		(42	)		1			(51	)		(47	)
Ending balance	$	23,057		$	23,538		$	23,836		$	24,216		$	24,629

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Internal transfer from Retirement Plans Governmental business to Institutional Solutions Group.
[3]	Primarily consists of cost of insurance and M&E charges.

L - 22

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
Variable life fees	$	15		$	15		$	15		$	16		$	17			13	%		6	%	$	29		$	33			14	%
Cost of insurance charges		116			118			120			122			123			6	%		1	%		230			245			7	%
Other fees		60			74			74			65			67			12	%		3	%		127			132			4	%
Total fee income		191			207			209			203			207			8	%		2	%		386			410			6	%
Direct premiums		19			21			21			22			22			16	%		—			38			44			16	%
Reinsurance premiums		(26	)		(29	)		(31	)		(34	)		(35	)		(35	%)		(3	%)		(53	)		(69	)		(30	%)
Net premiums		(7	)		(8	)		(10	)		(12	)		(13	)		(86	%)		(8	%)		(15	)		(25	)		(67	%)
Total premiums and other considerations		184			199			199			191			194			5	%		2	%		371			385			4	%
Net investment income
Net investment income on G/A assets		81			83			84			83			86			6	%		4	%		161			169			5	%
Net investment income on assigned capital		3			3			4			3			2			(33	%)		(33	%)		6			5			(17	%)
Charge for invested capital		(9	)		(9	)		(9	)		(7	)		(8	)		11	%		(14	%)		(18	)		(15	)		17	%
Total net investment income		75			77			79			79			80			7	%		1	%		149			159			7	%
Net realized capital gains		—			2			2			1			1			—			—			1			2			100	%
Total revenues		259			278			280			271			275			6	%		1	%		521			546			5	%
Benefits and Expenses
Benefits and claims
Death benefits		63			54			58			69			63			—			(9	%)		129			132			2	%
Other contract benefits		6			5			6			7			7			17	%		—			10			14			40	%
Change in reserve		(4	)		(4	)		(5	)		(5	)		(6	)		(50	%)		(20	%)		(9	)		(11	)		(22	%)
Interest credited on G/A assets		55			57			58			60			56			2	%		(7	%)		110			116			5	%
Total benefits and claims		120			112			117			131			120			—			(8	%)		240			251			5	%
Other insurance expenses
Commissions & wholesaling expenses		47			58			65			54			62			32	%		15	%		99			116			17	%
Operating expenses		56			57			64			56			62			11	%		11	%		108			118			9	%
Dividends to policyholders		—			1			1			1			1			—			—			1			2			100	%
Premium taxes and other expenses		10			8			8			10			11			10	%		10	%		19			21			11	%
Subtotal — expenses before deferral		113			124			138			121			136			20	%		12	%		227			257			13	%
Deferred policy acquisition costs		(71	)		(81	)		(96	)		(79	)		(90	)		(27	%)		(14	%)		(145	)		(169	)		(17	%)
Total other insurance expense		42			43			42			42			46			10	%		10	%		82			88			7	%
Amortization of deferred policy acquisition costs and present value of future profits		40			59			61			32			40			—			25	%		85			72			(15	%)
Total benefits and expenses		202			214			220			205			206			2	%		—			407			411			1	%
Income before income taxes		57			64			60			66			69			21	%		5	%		114			135			18	%
Income tax expense		18			19			17			21			21			17	%		—			36			42			17	%
Net income [1]	$	39		$	45		$	43		$	45		$	48			23	%		7	%	$	78		$	93			19	%

[1] Net income equals core earnings for this segment

L - 23

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,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
SALES BY DISTRIBUTION
Wirehouse/regional broker-dealer/banks	$	31	$	30	$	36	$	25	$	30		(3	%)		20	%	$	54	$	55		2	%
Independent broker-dealer/WFS		13		16		25		17		17		31	%		—			24		34		42	%
Life professional/other		13		16		24		18		20		54	%		11	%		25		38		52	%
Total sales by distribution	$	57	$	62	$	85	$	60	$	67		18	%		12	%	$	103	$	127		23	%
SALES BY PRODUCT
Variable life	$	29	$	28	$	35	$	25	$	27		(7	%)		8	%	$	50	$	52		4	%
Universal life/whole life		24		30		46		31		36		50	%		16	%		46		67		46	%
Term life/other		4		4		4		4		4		—			—			7		8		14	%
Total sales by product	$	57	$	62	$	85	$	60	$	67		18	%		12	%	$	103	$	127		23	%
ACCOUNT VALUE
General account	$	4,635	$	4,758	$	4,868	$	4,950	$	5,039		9	%		2	%
Separate account		5,006		5,257		5,446		5,728		5,571		11	%		(3	%)
Total account value	$	9,641	$	10,015	$	10,314	$	10,678	$	10,610		10	%		(1	%)
ACCOUNT VALUE BY PRODUCT
Variable life	$	5,433	$	5,700	$	5,902	$	6,191	$	6,053		11	%		(2	%)
Universal life/interest sensitive whole life		3,485		3,599		3,696		3,775		3,850		10	%		2	%
Modified guaranteed life		626		617		611		604		598		(4	%)		(1	%)
Other		97		99		105		108		109		12	%		1	%
Total account value by product	$	9,641	$	10,015	$	10,314	$	10,678	$	10,610		10	%		(1	%)
LIFE INSURANCE IN FORCE
Variable life	$	69,979	$	70,569	$	71,365	$	71,852	$	72,461		4	%		1	%
Universal life/interest sensitive whole life		39,777		40,694		41,714		42,372		43,152		8	%		2	%
Term life		33,285		34,915		36,627		38,137		39,701		19	%		4	%
Modified guaranteed life		805		787		776		764		752		(7	%)		(2	%)
Other		305		313		319		320		326		7	%		2	%
Total life insurance in force	$	144,151	$	147,278	$	150,801	$	153,445	$	156,392		8	%		2	%

L - 24

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,
	2005			2005			2005			2006			2006
VARIABLE LIFE
Beginning balance	$	5,249		$	5,433		$	5,700		$	5,902		$	6,191
First year & single premiums		72			69			76			68			66
Renewal premiums		142			145			146			148			144
Premiums and deposits		214			214			222			216			210
Surrenders		(66	)		(73	)		(84	)		(90	)		(75	)
Death benefits/policy fees		(123	)		(129	)		(129	)		(129	)		(130	)
Net Flows		25			12			9			(3	)		5
Change in market value/interest credited		159			255			193			292			(143	)
Ending balance	$	5,433		$	5,700		$	5,902		$	6,191		$	6,053
OTHER [1]
Beginning balance	$	4,180		$	4,208		$	4,315		$	4,412		$	4,487
First year & single premiums		63			92			112			90			102
Renewal premiums		90			98			108			107			100
Premiums and deposits		153			190			220			197			202
Acquisitions [2]		—			45			—			—			—
Surrenders		(54	)		(58	)		(47	)		(46	)		(50	)
Death benefits/policy fees		(119	)		(124	)		(130	)		(130	)		(132	)
Net Flows		(20	)		53			43			21			20
Change in market value/interest credited		48			54			54			54			50
Ending balance	$	4,208		$	4,315		$	4,412		$	4,487		$	4,557
TOTAL INDIVIDUAL LIFE
Beginning balance	$	9,429		$	9,641		$	10,015		$	10,314		$	10,678
First year & single premiums		135			161			188			158			168
Renewal premiums		232			243			254			255			244
Premiums and deposits		367			404			442			413			412
Acquisitions [2]		—			45			—			—			—
Surrenders		(120	)		(131	)		(131	)		(136	)		(125	)
Death benefits/policy fees		(242	)		(253	)		(259	)		(259	)		(262	)
Net Flows		5			65			52			18			25
Change in market value/interest credited		207			309			247			346			(93	)
Ending balance	$	9,641		$	10,015		$	10,314		$	10,678		$	10,610

[1]	Includes Universal Life, Interest Sensitive Whole Life, Modified Guaranteed Life Insurance and other.
[2]	Acquired block account value is 100% coinsured.

L - 25

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
ASO fees	$	7		$	9		$	9		$	10		$	8			14	%		(20	%)	$	18		$	18			—
Other fees		1			—			(1	)		1			(1	)	NM			NM				1			—			(100	%)
Total fee income		8			9			8			11			7			(13	%)		(36	%)		19			18			(5	%)
Direct premiums		848			853			888			944			963			14	%		2	%		1,672			1,907			14	%
Reinsurance premiums		92			88			68			77			58			(37	%)		(25	%)		205			135			(34	%)
Net premiums		940			941			956			1,021			1,021			9	%		—			1,877			2,042			9	%
Total premiums and other considerations		948			950			964			1,032			1,028			8	%		—			1,896			2,060			9	%
Net investment income
Net investment income on G/A assets		87			87			88			89			91			5	%		2	%		173			180			4	%
Net investment income on assigned capital		13			12			13			12			12			(8	%)		—			25			24			(4	%)
Total net investment income		100			99			101			101			103			3	%		2	%		198			204			3	%
Net realized capital gains (losses)		—			—			1			(1	)		(2	)		—			(100	%)		—			(3	)		—
Total revenues		1,048			1,049			1,066			1,132			1,129			8	%		—			2,094			2,261			8	%
Benefits and Expenses
Benefits and claims
Death benefits		238			227			194			268			247			4	%		(8	%)		477			515			8	%
Other contract benefits		416			423			427			442			440			6	%		—			830			882			6	%
Change in reserve		42			38			67			57			53			26	%		(7	%)		111			110			(1	%)
Total benefits and claims		696			688			688			767			740			6	%		(4	%)		1,418			1,507			6	%
Other insurance expenses
Commissions & wholesaling expenses		122			128			131			132			140			15	%		6	%		241			272			13	%
Operating expenses		129			129			136			120			134			4	%		12	%		243			254			5	%
Premium taxes and other expenses		18			15			21			21			19			6	%		(10	%)		34			40			18	%
Subtotal — expenses before deferral		269			272			288			273			293			9	%		7	%		518			566			9	%
Deferred policy acquisition costs		(12	)		(14	)		(18	)		(12	)		(16	)		(33	%)		(33	%)		(24	)		(28	)		(17	%)
Total other insurance expense		257			258			270			261			277			8	%		6	%		494			538			9	%
Amortization of deferred policy acquisition costs		7			8			9			10			10			43	%		—			14			20			43	%
Total benefits and expenses		960			954			967			1,038			1,027			7	%		(1	%)		1,926			2,065			7	%
Income before income taxes		88			95			99			94			102			16	%		9	%		168			196			17	%
Income tax expense [1]		24			27			18			26			28			17	%		8	%		45			54			20	%
Net income [2]	$	64		$	68		$	81		$	68		$	74			16	%		9	%	$	123		$	142			15	%

[1]	The three months ended December 31, 2005 includes a $9 tax benefit related to the purchase of the CNA business in 2003.
[2]	Net income equals core earnings for this segment.

L - 26

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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	428		$	418		$	427		$	449		$	448			5	%		—		$	841		$	897			7	%
Group life		406			419			422			451			456			12	%		1	%		802			907			13	%
Other		106			103			106			117			116			9	%		(1	%)		209			233			11	%
Total fully insured — ongoing premiums		940			940			955			1,017			1,020			9	%		—			1,852			2,037			10	%
Total buyouts [1]		—			1			1			4			1			—			(75	%)		25			5			(80	%)
Total premiums		940			941			956			1,021			1,021			9	%		—			1,877			2,042			9	%
Group disability — premium equivalents [2]		73			69			70			79			81			11	%		3	%		136			160			18	%
Total premiums and premium equivalents	$	1,013		$	1,010		$	1,026		$	1,100		$	1,102			9	%		—		$	2,013		$	2,202			9	%
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	42		$	54		$	58		$	185		$	31			(26	%)		(83	%)	$	240		$	216			(10	%)
Group life		46			85			65			201			84			83	%		(58	%)		178			285			60	%
Other		22			18			13			55			19			(14	%)		(65	%)		68			74			9	%
Total fully insured — ongoing sales		110			157			136			441			134			22	%		(70	%)		486			575			18	%
Total buyouts [1]		—			1			1			2			3			—			50	%		26			5			(81	%)
Total sales		110			158			137			443			137			25	%		(69	%)		512			580			13	%
Group disability premium equivalents [2]		14			8			7			52			8			(43	%)		(85	%)		61			60			(2	%)
Total sales and premium equivalents	$	124		$	166		$	144		$	495		$	145			17	%		(71	%)	$	573		$	640			12	%
RATIOS [3]
Loss Ratio		73.4	%		72.4	%		71.3	%		74.2	%		72.0	%		(2	%)		(3	%)		74.5	%		73.1	%		(2	%)
Expense Ratio		27.8	%		28.0	%		29.0	%		26.4	%		27.9	%		—			6	%		27.2	%		27.2	%		—
GAAP RESERVES [4]
Group disability	$	4,290		$	4,349		$	4,368		$	4,413		$	4,478			4	%		1	%
Group life		1,245			1,243			1,272			1,266			1,262			1	%		—
Other		170			159			167			176			167			(2	%)		(5	%)
Total GAAP reserves	$	5,705		$	5,751		$	5,807		$	5,855		$	5,907			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.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	Reserve balances are net of reinsurance recoverables of $306, $250, $238, $247, and $238 as of 2Q 2005, 3Q 2005, 4Q 2005, 1Q 2006, and 2Q 2006 respectively.

L - 27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Months			3 Months			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
CORE EARNINGS
Japan operations	$	26		$	33		$	44		$	48		$	54			108	%		13	%	$	43		$	102			137	%
Other international operations [1]		(5	)		(5	)		(11	)		(2	)		(2	)		60	%		—			(8	)		(4	)		50	%
Core earnings [2]	$	21		$	28		$	33		$	46		$	52			148	%		13	%		35			98			180	%
JAPAN SALES — Dollars
Individual Annuity
Variable	$	2,494		$	2,809		$	2,367		$	2,256		$	1,226			(51	%)		(46	%)	$	5,566		$	3,482			(37	%)
Fixed MVA		222			158			122			93			82			(63	%)		(12	%)		910			175			(81	%)
Total sales by product	$	2,716		$	2,967		$	2,489		$	2,349		$	1,308			(52	%)		(44	%)	$	6,476		$	3,657			(44	%)
JAPAN SALES — Yen
Individual Annuity
Variable	¥	267,333		¥	312,311		¥	278,077		¥	263,934		¥	140,564			(47	%)		(47	%)	¥	589,244		¥	404,498			(31	%)
Fixed MVA		23,795			17,619			14,316			10,908			9,430			(60	%)		(14	%)		95,812			20,338			(79	%)
Total sales by product	¥	291,128		¥	329,930		¥	292,393		¥	274,842		¥	149,994			(48	%)		(45	%)	¥	685,056		¥	424,836			(38	%)
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	2,365		$	2,558		$	1,938		$	1,769		$	881			(63	%)		(50	%)	$	5,257		$	2,650			(50	%)
Fixed MVA		203			146			104			77			71			(65	%)		(8	%)		854			148			(83	%)
Total net flows by product	$	2,568		$	2,704		$	2,042		$	1,846		$	952			(63	%)		(48	%)	$	6,111		$	2,798			(54	%)
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	253,416		¥	284,656		¥	227,625		¥	206,954		¥	100,956			(60	%)		(51	%)	¥	556,392		¥	307,910			(45	%)
Fixed MVA		21,811			16,198			12,927			9,579			8,162			(63	%)		(15	%)		89,883			17,741			(80	%)
Total net flows by product	¥	275,227		¥	300,854		¥	240,552		¥	216,533		¥	109,118			(60	%)		(50	%)	¥	646,275		¥	325,651			(50	%)
JAPAN AUM — Dollars
Individual Annuity
Variable	$	18,440		$	21,892		$	24,641		$	26,696		$	27,323			48	%		2	%
Fixed MVA		1,286			1,407			1,463			1,545			1,667			30	%		8	%
Total AUM by product	$	19,726		$	23,299		$	26,104		$	28,241		$	28,990			47	%		3	%
JAPAN AUM — Yen
Individual Annuity
Variable	¥	2,042,998		¥	2,481,209		¥	2,908,416		¥	3,149,872		¥	3,123,427			53	%		(1	%)
Fixed MVA		142,472			159,391			172,596			182,193			190,520			34	%		5	%
Total AUM by product	¥	2,185,470		¥	2,640,600		¥	3,081,012		¥	3,332,065		¥	3,313,947			52	%		(1	%)

[1]	The three months ended December 31, 2005 includes an $8, after tax, change to establish a valuation allowance for deferred tax balances.
[2]	Core earnings is defined as net income.

L - 28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
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,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	102		$	118		$	134		$	148		$	159			56	%		7	%	$	188		$	307			63	%
Other fees		1			12			19			18			12		NM				(33	%)		12			30			150	%
Total fee income		103			130			153			166			171			66	%		3	%		200			337			69	%
Reinsurance premiums		—			—			—			—			(3	)		—			—			—			(3	)		—
Net premiums		—			—			—			—			(3	)		—			—			—			(3	)		-
Total premiums and other considerations		103			130			153			166			168			63	%		1	%		200			334			67	%
Net investment income
Net investment income on G/A assets		16			16			20			23			24			50	%		4	%		25			47			88	%
Total net investment income		16			16			20			23			24			50	%		4	%		25			47			88	%
Net realized capital (losses)		(10	)		(8	)		(11	)		(14	)		(16	)		(60	%)		(14	%)		(15	)		(30	)		(100	%)
Total revenues		109			138			162			175			176			61	%		1	%		210			351			67	%
Benefits and Expenses
Benefits and claims
Death and other benefits		4			9			4			7			7			75	%		—			14			14			—
Interest credited on G/A assets		4			3			4			5			5			25	%		—			7			10			43	%
Total benefits and claims		8			12			8			12			12			50	%		—			21			24			14	%
Other insurance expenses
Commissions & wholesaling expenses		156			173			162			140			84			(46	%)		(40	%)		360			224			(38	%)
Operating expenses		32			33			43			34			34			6	%		—			63			68			8	%
Premium taxes and other expenses		10			12			10			10			6			(40	%)		(40	%)		24			16			(33	%)
Subtotal — expenses before deferral		198			218			215			184			124			(37	%)		(33	%)		447			308			(31	%)
Deferred policy acquisition costs		(169	)		(185	)		(158	)		(147	)		(87	)		49	%		41	%		(389	)		(234	)		40	%
Total other insurance expense		29			33			57			37			37			28	%		—			58			74			28	%
Amortization of deferred policy acquisition costs [1]		30			43			28			49			48			60	%		(2	%)		62			97			56	%
Total benefits and expenses		67			88			93			98			97			45	%		(1	%)		141			195			38	%
Income before income taxes		42			50			69			77			79			88	%		3	%		69			156			126	%
Income tax expense		16			17			25			29			25			56	%		(14	%)		26			54			108	%
Net income [2]	$	26		$	33		$	44		$	48		$	54			108	%		13	%	$	43		$	102			137	%

[1]	Included in the three months ended December 31, 2005 is a $15, pre-tax, adjustment to DAC amortization
[2]	Net income equals core earnings for this segment.

L - 29

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2005			2005			2005			2006			2006
VARIABLE ANNUITIES
Beginning balance	$	16,495		$	18,440		$	21,892		$	24,641		$	26,696
Sales/premiums/other deposits		2,494			2,809			2,367			2,256			1,226
Surrenders		(78	)		(200	)		(367	)		(388	)		(267	)
Death benefits/annuitizations/other		(51	)		(51	)		(62	)		(99	)		(78	)
Net Flows		2,365			2,558			1,938			1,769			881
Change in market value/currency/change in reserve/interest credited		201			1,380			1,690			303			(1,126	)
Effect of currency translation		(621	)		(486	)		(879	)		(17	)		872
Ending balance	$	18,440		$	21,892		$	24,641		$	26,696		$	27,323
FIXED MVA AND OTHER
Beginning balance	$	1,120		$	1,286		$	1,407		$	1,463		$	1,545
Sales/premiums/other deposits		222			158			122			93			82
Surrenders		(6	)		(2	)		(5	)		(4	)		(2	)
Death benefits/annuitizations/other		(13	)		(10	)		(13	)		(12	)		(9	)
Net Flows		203			146			104			77			71
Change in market value/currency/change in reserve/interest credited		4			4			9			5			5
Effect of currency translation		(41	)		(29	)		(57	)		—			46
Ending balance	$	1,286		$	1,407		$	1,463		$	1,545		$	1,667
TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	17,615		$	19,726		$	23,299		$	26,104		$	28,241
Sales/premiums/other deposits		2,716			2,967			2,489			2,349			1,308
Surrenders		(84	)		(202	)		(372	)		(392	)		(269	)
Death benefits/annuitizations/other		(64	)		(61	)		(75	)		(111	)		(87	)
Net Flows		2,568			2,704			2,042			1,846			952
Change in market value/change in reserve/interest credited		205			1,384			1,699			308			(1,121	)
Effect of currency translation		(662	)		(515	)		(936	)		(17	)		918
Ending balance	$	19,726		$	23,299		$	26,104		$	28,241		$	28,990

L - 30

PROPERTY & CASUALTY

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums [1]	$	2,722		$	2,618		$	2,566		$	2,629		$	2,709			—			3	%	$	5,303		$	5,338			1	%
Earned premiums [1]		2,578			2,517			2,554			2,566			2,607			1	%		2	%		5,085			5,173			2	%
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Business Insurance		141			125			12			134			197			40	%		47	%		259			331			28	%
Personal Lines		188			71			74			106			126			(33	%)		19	%		315			232			(26	%)
Specialty Commercial		5			(143	)		(67	)		47			(43	)	NM			NM				45			4			(91	%)
Ongoing Operations underwriting results [2]		334			53			19			287			280			(16	%)		(2	%)		619			567			(8	%)
Other Operations [3]		(110	)		(53	)		(35	)		(21	)		(266	)		(142	%)	NM				(138	)		(287	)		(108	%)
Total Property & Casualty underwriting results	$	224		$	—		$	(16	)	$	266		$	14			(94	%)		(95	%)	$	481		$	280			(42	%)
ONGOING OPERATIONS UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		64.2			69.6			67.7			63.4			65.4			(1.2	)		(2.0	)		63.6			64.4			(0.8	)
Prior year [2] [4]		(2.9	)		1.7			2.4			(0.2	)		(0.4	)		(2.5	)		0.2			(1.3	)		(0.3	)		(1.0	)
Total loss and loss adjustment expenses		61.3			71.3			70.2			63.3			65.1			(3.8	)		(1.8	)		62.3			64.2			(1.9	)
Expenses		25.6			26.7			28.7			25.4			24.1			1.5			1.3			25.4			24.7			0.7
Policyholder dividends		0.2			—			0.3			0.2			0.1			0.1			0.1			0.2			0.1			0.1
Combined ratio		87.0			97.9			99.2			88.8			89.3			(2.3	)		(0.5	)		87.8			89.0			(1.2	)
Catastrophes
Current year		1.4			6.4			4.7			1.6			2.8			(1.4	)		(1.2	)		1.4			2.2			(0.8	)
Prior year		0.3			(0.3	)		—			(0.7	)		(0.7	)		1.0			—			0.4			(0.7	)		1.1
Catastrophe ratio [5]		1.7			6.2			4.7			0.9			2.1			(0.4	)		(1.2	)		1.8			1.5			0.3
Combined ratio before catastrophes		85.3			91.7			94.6			87.9			87.1			(1.8	)		0.8			86.0			87.5			(1.5	)
Combined ratio before catastrophes and prior year development [4]		88.5			89.8			92.1			87.4			86.9			1.6			0.5			87.8			87.1			0.7
Total Property & Casualty Income and ROE
Net income	$	369		$	233		$	217		$	424		$	216			(41	%)		(49	%)	$	786		$	640			(19	%)
Core earnings		369			232			220			421			235			(36	%)		(44	%)		755			656			(13	%)
Core earnings ROE (last 12 months income-equity x-AOCI)		17.2	%		20.6	%		18.1	%		17.7	%		15.4	%		(1.8	)		(2.3	)
Core earnings ROE (last 12 months income-equity x-AOCI) before tax related item [6]		16.7	%		20.6	%		18.1	%		17.7	%		15.4	%		(1.3	)		(2.3	)

	PROPERTY & CASUALTY
	Dec. 31,		Jun. 30,
	2005		2006		Change
Selected Financial Data
Hartford Fire adjusted statutory surplus ($ in billions) [7]	$	7.1	$	7.4	$	0.3
Hartford Fire premium to adjusted surplus ratio		1.5		1.4		(0.1	)

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.
[2]	Ongoing Operations prior year loss and loss adjustment expenses for the three months ended June 30, 2005 included a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.
[3]	The three months ended June 30, 2005 included assumed reinsurance reserve strengthening of $73. The three months ended June 30, 2006 included a $243 charge as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.
[4]	Included in the prior year loss and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[5]	Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.
[6]	The three months ended September 30, 2004 included a $26 tax benefit related to the audit settlement of tax years prior to 2004.
[7]	Estimated statutory surplus as of June 30, 2006.

PC-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums [1]	$	2,722		$	2,618		$	2,566		$	2,629		$	2,709			—			3	%	$	5,303		$	5,338			1	%
Change in unearned premium reserve		144			101			12			63			102			(29	%)		62	%		218			165			(24	%)
Earned premiums [1]		2,578			2,517			2,554			2,566			2,607			1	%		2	%		5,085			5,173			2	%
Loss and loss adjustment expenses
Current year		1,655			1,749			1,731			1,628			1,705			3	%		5	%		3,235			3,333			3	%
Prior year [2]		33			94			87			13			258		NM			NM				67			271		NM
Total loss and loss adjustment expenses [3]		1,688			1,843			1,818			1,641			1,963			16	%		20	%		3,302			3,604			9	%
Underwriting expenses		662			675			744			655			626			(5	%)		(4	%)		1,294			1,281			(1	%)
Dividends to policyholders		4			(1	)		8			4			4			—			—			8			8			—
Underwriting results		224			—			(16	)		266			14			(94	%)		(95	%)		481			280			(42	%)
Net servicing income		15			12			9			18			12			(20	%)		(33	%)		28			30			7	%
Net investment income		328			349			351			357			365			11	%		2	%		665			722			9	%
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			1		NM			NM				—			1		NM
Other expenses		(39	)		(53	)		(51	)		(52	)		(76	)		(95	%)		(46	%)		(99	)		(128	)		(29	%)
Income tax expense		(159	)		(76	)		(73	)		(168	)		(81	)		49	%		52	%		(320	)		(249	)		22	%
																						��
Core earnings		369			232			220			421			235			(36	%)		(44	%)		755			656			(13	%)
Add: Net realized capital gains (losses), after-tax		—			1			(3	)		3			(19	)	NM			NM				31			(16	)	NM
Net income	$	369		$	233		$	217		$	424		$	216			(41	%)		(49	%)	$	786		$	640			(19	%)
Total Property & Casualty effective tax rate — net income		30.0	%		25.0	%		24.4	%		28.6	%		24.4	%		(5.6	)		(4.2	)		30.0	%		27.3	%		(2.7	)
Total Property & Casualty effective tax rate — core earnings		30.0	%		24.9	%		24.7	%		28.6	%		25.4	%		(4.6	)		(3.2	)		29.7	%		27.5	%		(2.2	)

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.
[2]	The three months ended June 30, 2005 included a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims, and assumed reinsurance reserve strengthening of $73. The three months ended June 30, 2006 included a $243 charge as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.
[3]	The three months ended September 30, 2005 included catastrophe losses from Hurricane Katrina and Hurricane Rita. The three months ended December 31, 2005 included catastrophe losses from Hurricane Wilma.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums [1]	$	2,722		$	2,616		$	2,566		$	2,629		$	2,707			(1	%)		3	%	$	5,301		$	5,336			1	%
Change in unearned premium reserve		143			101			12			64			101			(29	%)		58	%		218			165			(24	%)
Earned premiums [1]		2,579			2,515			2,554			2,565			2,606			1	%		2	%		5,083			5,171			2	%
Loss and loss adjustment expenses
Current year		1,655			1,749			1,731			1,628			1,705			3	%		5	%		3,235			3,333			3	%
Prior year [2]		(74	)		43			61			(6	)		(9	)		88	%		(50	%)		(68	)		(15	)		78	%
Total loss and loss adjustment expenses [3]		1,581			1,792			1,792			1,622			1,696			7	%		5	%		3,167			3,318			5	%
Underwriting expenses		660			671			735			652			626			(5	%)		(4	%)		1,289			1,278			(1	%)
Dividends to policyholders		4			(1	)		8			4			4			—			—			8			8			—
Underwriting results		334			53			19			287			280			(16	%)		(2	%)		619			567			(8	%)
Net servicing income		15			12			9			18			12			(20	%)		(33	%)		28			30			7	%
Net investment income		258			279			285			291			296			15	%		2	%		518			587			13	%
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			1		NM			NM				—			1		NM
Other expenses		(37	)		(50	)		(56	)		(53	)		(75	)		(103	%)		(42	%)		(96	)		(128	)		(33	%)
Income tax expense		(178	)		(77	)		(63	)		(157	)		(153	)		14	%		3	%		(327	)		(310	)		5	%
Core earnings		392			217			194			386			361			(8	%)		(6	%)		742			747			1	%
Add: Net realized capital (losses) gains, after-tax		(4	)		1			(3	)		3			(21	)	NM			NM				14			(18	)	NM
Net income		388		$	218		$	191		$	389		$	340			(12	%)		(13	%)	$	756		$	729			(4	%)
Ongoing Operations effective tax rate — net income		31.1	%		26.1	%		24.7	%		29.0	%		29.5	%		(1.6	)		0.5			30.7	%		29.2	%		(1.5	)
Ongoing Operations effective tax rate — core earnings		31.1	%		26.0	%		24.9	%		28.9	%		29.9	%		(1.2	)		1.0			30.6	%		29.4	%		(1.2	)

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.
[2]	The three months ended June 30, 2005 included a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.
[3]	The three months ended September 30, 2005 included catastrophe losses from Hurricane Katrina and Hurricane Rita. The three months ended December 31, 2005 included catastrophe losses from Hurricane Wilma.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED JUNE 30, 2006

	Business			Personal			Specialty			Ongoing
	Insurance			Lines			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,276		$	1,013		$	418		$	2,707
Change in unearned premium reserve		8			74			19			101
Earned premiums		1,268			939			399			2,606
Loss and loss adjustment expenses
Current year		778			650			277			1,705
Prior year		(36	)		(37	)		64			(9	)
Total loss and loss adjustment expenses		742			613			341			1,696
Underwriting expenses		326			200			100			626
Dividends to policyholders		3			—			1			4
Underwriting results	$	197		$	126		$	(43	)	$	280
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		61.3			69.4			69.4			65.4
Prior year [1]		(2.8	)		(4.0	)		15.9			(0.4	)
Total loss and loss adjustment expenses		58.5			65.4			85.3			65.1
Expenses		25.7			21.2			25.8			24.1
Policyholder dividends		0.3			—			(0.1	)		0.1
Combined ratio		84.5			86.6			111.0			89.3
Catastrophes
Current year		1.9			4.8			1.0			2.8
Prior year		(0.3	)		(1.2	)		(0.4	)		(0.7	)
Catastrophe ratio		1.6			3.6			0.6			2.1
Combined ratio before catastrophes		82.9			83.0			110.4			87.1
Combined ratio before catastrophes and prior year development [1]		85.4			85.7			94.0			86.9

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

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE SIX MONTHS ENDED JUNE 30, 2006

	Business			Personal			Specialty			Ongoing
	Insurance			Lines			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	2,578		$	1,914		$	844		$	5,336
Change in unearned premium reserve		47			56			62			165
Earned premiums		2,531			1,858			782			5,171
Loss and loss adjustment expenses
Current year		1,545			1,239			549			3,333
Prior year		(26	)		(23	)		34			(15	)
Total loss and loss adjustment expenses		1,519			1,216			583			3,318
Underwriting expenses		675			410			193			1,278
Dividends to policyholders		6			—			2			8
Underwriting results	$	331		$	232		$	4		$	567
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		61.0			66.7			70.2			64.4
Prior year [1]		(1.0	)		(1.3	)		4.5			(0.3	)
Total loss and loss adjustment expenses		60.0			65.5			74.6			64.2
Expenses		26.7			22.0			24.8			24.7
Policyholder dividends		0.2			—			0.2			0.1
Combined ratio		86.9			87.5			99.6			89.0
Catastrophes
Current year		1.5			3.7			0.8			2.2
Prior year		0.1			(0.3	)		(4.0	)		(0.7	)
Catastrophe ratio		1.6			3.4			(3.2	)		1.5
Combined ratio before catastrophes		85.3			84.1			102.7			87.5
Combined ratio before catastrophes and prior year development [1]		86.4			85.0			94.3			87.1

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

PC-5

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

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,		Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005		2006			2006			Change			Change			2005			2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	2,722		$	2,616		$	2,566	$	2,629		$	2,707			(1	%)		3	%	$	5,301		$	5,336			1	%
Change in unearned premium reserve		143			101			12		64			101			(29	%)		58	%		218			165			(24	%)
Earned premiums [1]		2,579			2,515			2,554		2,565			2,606			1	%		2	%		5,083			5,171			2	%
Loss and loss adjustment expenses
Current year		1,655			1,749			1,731		1,628			1,705			3	%		5	%		3,235			3,333			3	%
Prior year [2]		(74	)		43			61		(6	)		(9	)		88	%		(50	%)		(68	)		(15	)		78	%
Total loss and loss adjustment expenses [3]		1,581			1,792			1,792		1,622			1,696			7	%		5	%		3,167			3,318			5	%
Underwriting expenses		660			671			735		652			626			(5	%)		(4	%)		1,289			1,278			(1	%)
Dividends to policyholders		4			(1	)		8		4			4			—			—			8			8			—
Underwriting results	$	334		$	53		$	19	$	287		$	280			(16	%)		(2	%)	$	619		$	567			(8	%)
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		64.2			69.6			67.7		63.4			65.4			(1.2	)		(2.0	)		63.6			64.4			(0.8	)
Prior year [2] [4]		(2.9	)		1.7			2.4		(0.2	)		(0.4	)		(2.5	)		0.2			(1.3	)		(0.3	)		(1.0	)
Total loss and loss adjustment expenses		61.3			71.3			70.2		63.3			65.1			(3.8	)		(1.8	)		62.3			64.2			(1.9	)
Expenses		25.6			26.7			28.7		25.4			24.1			1.5			1.3			25.4			24.7			0.7
Policyholder dividends		0.2			—			0.3		0.2			0.1			0.1			0.1			0.2			0.1			0.1
Combined ratio		87.0			97.9			99.2		88.8			89.3			(2.3	)		(0.5	)		87.8			89.0			(1.2	)
Catastrophes
Current year		1.4			6.4			4.7		1.6			2.8			(1.4	)		(1.2	)		1.4			2.2			(0.8	)
Prior year		0.3			(0.3	)		—		(0.7	)		(0.7	)		1.0			—			0.4			(0.7	)		1.1
Catastrophe ratio [3] [4]		1.7			6.2			4.7		0.9			2.1			(0.4	)		(1.2	)		1.8			1.5			0.3
Combined ratio before catastrophes		85.3			91.7			94.6		87.9			87.1			(1.8	)		0.8			86.0			87.5			(1.5	)
Combined ratio before catastrophes and prior year development [4]		88.5			89.8			92.1		87.4			86.9			1.6			0.5			87.8			87.1			0.7

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.
[2]	The three months ended June 30, 2005 included a net reserve release of $95 in Personal Lines, predominately related to allocated loss adjustment expenses on auto liability claims.
[3]	Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.
[4]	Included in the prior year loss and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
BUSINESS INSURANCE
UNDERWRITING RESULTS

															Year Over
	THREE MONTHS ENDED														Year				Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,		Jun. 30,			3 Month				3 Month			JUNE 30,
	2005			2005			2005			2006		2006			Change				Change			2005		2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	1,247		$	1,223		$	1,293		$	1,302	$	1,276			2	%			(2	%)	$	2,485	$	2,578			4	%
Change in unearned premium reserve		50			29			49			39		8			(84	%)			(79	%)		138		47			(66	%)
Earned premiums [1]		1,197			1,194			1,244			1,263		1,268			6	%			—			2,347		2,531			8	%
Loss and loss adjustment expenses
Current year		722			728			810			767		778			8	%			1	%		1,411		1,545			9	%
Prior year [2]		(8	)		(14	)		36			10		(36	)	NM				NM				—		(26	)	NM
Total loss and loss adjustment expenses [3]		714			714			846			777		742			4	%			(5	%)		1,411		1,519			8	%
Underwriting expenses		340			358			380			349		326			(4	%)			(7	%)		673		675			—
Dividends to policyholders		2			(3	)		6			3		3			50	%			—			4		6			50	%
Underwriting results	$	141		$	125		$	12		$	134	$	197			40	%			47	%	$	259	$	331			28	%
UNDERWRITING RATIOS																		��
Loss and loss adjustment expenses
Current year		60.2			60.9			65.1			60.8		61.3			(1.1	)			(0.5	)		60.1		61.0			(0.9	)
Prior year [2] [4]		(0.6	)		(1.2	)		2.9			0.8		(2.8	)		2.2				3.6			—		(1.0	)		1.0
Total loss and loss adjustment expenses		59.6			59.7			68.1			61.5		58.5			1.1				3.0			60.2		60.0			0.2
Expenses		28.4			30.1			30.5			27.7		25.7			2.7				2.0			28.6		26.7			1.9
Policyholder dividends		0.2			(0.2	)		0.5			0.2		0.3			(0.1	)			(0.1	)		0.2		0.2			—
Combined ratio		88.2			89.5			99.0			89.4		84.5			3.7				4.9			89.0		86.9			2.1
Catastrophes
Current year		0.6			1.7			4.2			1.2		1.9			(1.3	)			(0.7	)		0.7		1.5			(0.8	)
Prior year		—			(0.2	)		(0.1	)		0.5		(0.3	)		0.3				0.8			0.4		0.1			0.3
Catastrophe ratio [3]		0.6			1.5			4.1			1.7		1.6			(1.0	)			0.1			1.1		1.6			(0.5	)
Combined ratio before catastrophes		87.6			88.0			94.9			87.7		82.9			4.7				4.8			87.9		85.3			2.6
Combined ratio before catastrophes and prior year development [4]		88.2			89.0			91.9			87.4		85.4			2.8				2.0			88.3		86.4			1.9

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $14 in the third quarter of 2005 and $2 in the fourth quarter of 2005.
[2]	The three months ended June 30, 2006 included a net reserve release of $38 related to allocated loss adjustment expense reserves on workers’ compensation and package business.
[3]	Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.
[4]	Included in the prior year loss and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
BUSINESS INSURANCE
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential					SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		3 Month			3 Month			JUNE 30,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
WRITTEN PREMIUMS [1]
Small Commercial	$	642	$	607	$	638	$	721	$	684		7	%		(5	%)	$	1,300	$	1,405		8	%
Middle Market		605		616		655		581		592		(2	%)		2	%		1,185		1,173		(1	%)
Total	$	1,247	$	1,223	$	1,293	$	1,302	$	1,276		2	%		(2	%)	$	2,485	$	2,578		4	%
EARNED PREMIUMS [1]
Small Commercial	$	609	$	606	$	634	$	643	$	656		8	%		2	%	$	1,181	$	1,299		10	%
Middle Market		588		588		610		620		612		4	%		(1	%)		1,166		1,232		6	%
Total	$	1,197	$	1,194	$	1,244	$	1,263	$	1,268		6	%		—		$	2,347	$	2,531		8	%

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

PC-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	975		$	936		$	901		$	901		$	1,013			4	%		12	%	$	1,839		$	1,914			4	%
Change in unearned premium reserve		61			46			(16	)		(18	)		74			21	%	NM				36			56			56	%
Earned premiums [1]		914			890			917			919			939			3	%		2	%		1,803			1,858			3	%
Loss and loss adjustment expenses
Current year		603			623			586			589			650			8	%		10	%		1,180			1,239			5	%
Prior year [2]		(94	)		(5	)		15			14			(37	)		61	%	NM				(105	)		(23	)		78	%
Total loss and loss adjustment expenses [3]		509			618			601			603			613			20	%		2	%		1,075			1,216			13	%
Underwriting expenses		217			201			242			210			200			(8	%)		(5	%)		413			410			(1	%)
Underwriting results	$	188		$	71		$	74		$	106		$	126			(33	%)		19	%	$	315		$	232			(26	%)
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		65.9			69.9			64.0			64.0			69.4			(3.5	)		(5.4	)		65.4			66.7			(1.3	)
Prior year [2] [4]		(10.3	)		(0.5	)		1.6			1.5			(4.0	)		(6.3	)		5.5			(5.8	)		(1.3	)		(4.5	)
Total loss and loss adjustment expenses		55.6			69.3			65.7			65.6			65.4			(9.8	)		0.2			59.6			65.5			(5.9	)
Expenses		23.8			22.7			26.2			22.9			21.2			2.6			1.7			22.9			22.0			0.9
Combined ratio		79.4			92.0			91.9			88.5			86.6			(7.2	)		1.9			82.5			87.5			(5.0	)
Catastrophes
Current year		2.2			5.9			0.8			2.6			4.8			(2.6	)		(2.2	)		2.1			3.7			(1.6	)
Prior year		0.1			—			0.1			0.6			(1.2	)		1.3			1.8			0.3			(0.3	)		0.6
Catastrophe ratio [3]		2.4			5.8			0.9			3.2			3.6			(1.2	)		(0.4	)		2.4			3.4			(1.0	)
Combined ratio before catastrophes		77.0			86.2			91.0			85.3			83.0			(6.0	)		2.3			80.1			84.1			(4.0	)
Combined ratio before catastrophes and prior year development [4]		87.5			86.7			89.4			84.4			85.7			1.8			(1.3	)		86.2			85.0			1.2
COMBINED RATIO
Automobile		81.5			92.4			99.3			93.2			92.2			(10.7	)		1.0			85.5			92.7			(7.2	)
Homeowners		73.1			90.9			69.8			74.5			70.4			2.7			4.1			73.4			72.4			1.0
Total		79.4			92.0			91.9			88.5			86.6			(7.2	)		1.9			82.5			87.5			(5.0	)

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $28 in the third quarter of 2005 and $3 in the fourth quarter of 2005.
[2]	The three months ended June 30, 2005 included 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, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.
[4]	Included in the prior year loss and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		3 Month			3 Month			JUNE 30,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	635	$	608	$	580	$	589	$	678		7	%		15	%	$	1,185	$	1,267		7	%
Other Affinity		28		26		26		25		22		(21	%)		(12	%)		57		47		(18	%)
Agency		267		261		260		250		283		6	%		13	%		499		533		7	%
Omni		45		41		35		37		30		(33	%)		(19	%)		98		67		(32	%)
Total	$	975	$	936	$	901	$	901	$	1,013		4	%		12	%	$	1,839	$	1,914		4	%
EARNED PREMIUMS [1]
AARP	$	579	$	568	$	589	$	595	$	612		6	%		3	%	$	1,139	$	1,207		6	%
Other Affinity		31		28		28		27		25		(19	%)		(7	%)		62		52		(16	%)
Agency		252		246		257		258		266		6	%		3	%		494		524		6	%
Omni		52		48		43		39		36		(31	%)		(8	%)		108		75		(31	%)
Total	$	914	$	890	$	917	$	919	$	939		3	%		2	%	$	1,803	$	1,858		3	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	720	$	695	$	666	$	690	$	735		2	%		7	%	$	1,392	$	1,425		2	%
Homeowners		255		241		235		211		278		9	%		32	%		447		489		9	%
Total	$	975	$	936	$	901	$	901	$	1,013		4	%		12	%	$	1,839	$	1,914		4	%
EARNED PREMIUMS [1]
Automobile	$	684	$	684	$	686	$	686	$	695		2	%		1	%	$	1,358	$	1,381		2	%
Homeowners		230		206		231		233		244		6	%		5	%		445		477		7	%
Total	$	914	$	890	$	917	$	919	$	939		3	%		2	%	$	1,803	$	1,858		3	%

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

PC-10

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

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005		2005			2005			2006			2006			Change			Change			2005		2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	500	$	457		$	372		$	426		$	418			(16	%)		(2	%)	$	977	$	844			(14	%)
Change in unearned premium reserve		32		26			(21	)		43			19			(41	%)		(56	%)		44		62			41	%
Earned premiums [1]		468		431			393			383			399			(15	%)		4	%		933		782			(16	%)
Loss and loss adjustment expenses
Current year		330		398			335			272			277			(16	%)		2	%		644		549			(15	%)
Prior year [2]		28		62			10			(30	)		64			129	%	NM				37		34			(8	%)
Total loss and loss adjustment expenses [3]		358		460			345			242			341			(5	%)		41	%		681		583			(14	%)
Underwriting expenses		103		112			113			93			100			(3	%)		8	%		203		193			(5	%)
Dividends to policyholders		2		2			2			1			1			(50	%)		—			4		2			(50	%)
Underwriting results	$	5	$	(143	)	$	(67	)	$	47		$	(43	)		NM		NM			$	45	$	4			(91	%)
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		70.9		92.8			84.6			70.9			69.4			1.5			1.5			69.0		70.2			(1.2	)
Prior year [2] [4]		5.8		14.6			2.7			(7.4	)		15.9			(10.1	)		(23.3	)		3.9		4.5			(0.6	)
Total loss and loss adjustment expenses		76.7		107.4			87.3			63.6			85.3			(8.6	)		(21.7	)		72.9		74.6			(1.7	)
Expenses		21.7		25.4			29.1			23.7			25.8			(4.1	)		(2.1	)		21.8		24.8			(3.0	)
Policyholder dividends		0.4		0.5			0.7			0.4			(0.1	)		0.5			0.5			0.4		0.2			0.2
Combined ratio		98.8		133.3			117.0			87.7			111.0			(12.2	)		(23.3	)		95.1		99.6			(4.5	)
Catastrophes
Current year		2.0		20.5			15.1			0.5			1.0			1.0			(0.5	)		1.7		0.8			0.9
Prior year		1.3		(0.9	)		—			(7.6	)		(0.4	)		1.7			(7.2	)		0.7		(4.0	)		4.7
Catastrophe ratio [3]		3.3		19.7			15.1			(7.1	)		0.6			2.7			(7.7	)		2.4		(3.2	)		5.6
Combined ratio before catastrophes		95.5		113.6			101.9			94.8			110.4			(14.9	)		(15.6	)		92.7		102.7			(10.0	)
Combined ratio before catastrophes and prior year development [4]		91.0		98.2			99.2			94.6			94.0			(3.0	)		0.6			89.5		94.3			(4.8	)

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $18 in the third quarter of 2005 and $8 in the fourth quarter of 2005.
[2]	The three months ended September 30, 2005 included workers compensation reserve strengthening of $70. The three months ended June 30, 2006 included an increase of $45 for construction defect claims.
[3]	Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.
[4]	Included in the prior year loss and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		3 Month			3 Month			JUNE 30,
	2005		2005		2005		2006		2006		Change			Change			2005		2006		Change
WRITTEN PREMIUMS [1]
Property	$	75	$	38	$	32	$	43	$	69		(8	%)		60	%	$	141	$	112		(21	%)
Casualty		239		202		132		189		139		(42	%)		(26	%)		481		328		(32	%)
Bond		59		59		58		56		63		7	%		13	%		111		119		7	%
Professional Liability		89		109		111		101		111		25	%		10	%		165		212		28	%
Other		38		49		39		37		36		(5	%)		(3	%)		79		73		(8	%)
Total	$	500	$	457	$	372	$	426	$	418		(16	%)		(2	%)	$	977	$	844		(14	%)
EARNED PREMIUMS [1]
Property	$	72	$	40	$	57	$	55	$	54		(25	%)		(2	%)	$	148	$	109		(26	%)
Casualty		221		201		151		142		147		(33	%)		4	%		435		289		(34	%)
Bond		52		54		55		57		58		12	%		2	%		101		115		14	%
Professional Liability		84		89		90		97		102		21	%		5	%		166		199		20	%
Other		39		47		40		32		38		(3	%)		19	%		83		70		(16	%)
Total	$	468	$	431	$	393	$	383	$	399		(15	%)		4	%	$	933	$	782		(16	%)

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

PC-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

	THREE MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,
	2005			2005			2005			2006			2006
Written Price Increases
Business Insurance		(1	%)		(3	%)		(3	%)		(2	%)		(1	%)
Personal Lines Automobile		(1	%)		(1	%)		(1	%)		—			—
Personal Lines Homeowners		8	%		8	%		5	%		4	%		4	%
Premium Retention
Business Insurance		84	%		83	%		86	%		85	%		84	%
Personal Lines Automobile		87	%		86	%		88	%		86	%		87	%
Personal Lines Homeowners		94	%		93	%		97	%		94	%		95	%
New Business % to Net Written Premium
Business Insurance		24	%		24	%		23	%		20	%		19	%
Personal Lines Automobile		15	%		16	%		15	%		16	%		15	%
Personal Lines Homeowners		13	%		16	%		15	%		15	%		16	%

PC-13

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
UNDERWRITING RESULTS
Written premiums	$	—		$	2		$	—		$	—		$	2		NM			NM			$	2		$	2			—
Change in unearned premium reserve		1			—			—			(1	)		1			—		NM				—			—			—
Earned premiums		(1	)		2			—			1			1		NM				—			2			2			—
Loss and loss adjustment expenses
Current year		—			—			—			—			—			—			—			—			—			—
Prior year [1]		107			51			26			19			267			150	%	NM				135			286			112	%
Total loss and loss adjustment expenses		107			51			26			19			267			150	%	NM				135			286			112	%
Underwriting expenses		2			4			9			3			—			(100	%)		(100	%)		5			3			(40	%)
Underwriting results	$	(110	)	$	(53	)	$	(35	)	$	(21	)	$	(266	)		(142	%)	NM			$	(138	)	$	(287	)		(108	%)
Net investment income		70			70			66			66			69			(1	%)		5	%		147			135			(8	%)
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			—			—			—			—			—			—
Other (expenses) income		(2	)		(3	)		5			1			(1	)		50	%	NM				(3	)		—			100	%
Income tax benefit (expense)		19			1			(10	)		(11	)		72		NM			NM				7			61		NM
Core earnings		(23	)		15			26			35			(126	)	NM			NM				13			(91	)	NM
Add: Net realized capital gains, after-tax		4			—			—			—			2			(50	%)	NM				17			2			(88	%)
Net (loss) income	$	(19	)	$	15		$	26		$	35		$	(124	)	NM			NM			$	30		$	(89	)	NM

[1] The three months ended June 30, 2005 included assumed reinsurance reserve strengthening of $73. The three months ended September 30, 2005 included environmental reserve strengthening of $37. The three months ended June 30, 2006 included a $243 charge as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.

PC-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS CLAIMS AND CLAIM ADJUSTMENT EXPENSES

For the Three Months Ended June 30, 2006	Asbestos			Environmental			All Other [1][5]			Total
Beginning liability — net [2] [3]	$	2,224		$	345		$	2,178		$	4,747
Claims and claim adjustment expenses incurred		265			17			(15	)		267
Claims and claim adjustment expenses paid		(162	)		(50	)		—			(212	)
Ending liability – net [2] [3]	$	2,327	[4]	$	312		$	2,163		$	4,802

For the Six Months Ended June 30, 2006	Asbestos			Environmental			All Other [1][5]			Total
Beginning liability — net [2] [3]	$	2,291		$	360		$	2,240		$	4,891
Claims and claim adjustment expenses incurred		267			17			2			286
Claims and claim adjustment expenses paid		(231	)		(65	)		(79	)		(375	)
Ending liability – net [2] [3]	$	2,327	[4]	$	312		$	2,163		$	4,802

[1]	“All Other” also includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.
[2]	Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $8 and $7, respectively, as of June 30, 2006, $8 and $6, respectively, as of March 31, 2006, and $10 and $6, respectively, as of December 31, 2005. Total net claim and claim adjustment expenses incurred in Ongoing Operations for the three and six months ended June 30, 2006 includes $4 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, 2006 includes $3 and $6, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $3,491 and $378, respectively, as of June 30, 2006, $3,665 and $411, respectively, as of March 31, 2006, and $3,845 and $432, respectively, as of December 31, 2005.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $323 and $575, respectively, resulting in a one year net survival ratio of 7.2 and a three year net survival ratio of 4.1 (10.1 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.
[5]	The Company includes its allowance for uncollectible reinsurance in the “All Other” category of reserves. When the Company commutes a ceded reinsurance contract or settles a ceded reinsurance dispute, the portion of the allowance for uncollectible reinsurance attributable to that commutation or settlement, if any, is reclassified to the appropriate cause of loss. Virtually all of the asbestos and environmental incurred loss activity for the three and six months ended June 30, 2006 is related to the Equitas settlement.

PC-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SUMMARY OF GROSS ASBESTOS RESERVES
AS OF JUNE 30, 2006

							% of					3 Year Gross
	Number of		All Time		Total		Asbestos			All Time		Survival Ratio
	Accounts [1]		Paid [2]		Reserves		Reserves			Ultimate [2]		[3] [4]
												(in years)
Major Asbestos Defendants [5]
Structured settlements (includes 4 Wellington accounts)		7	$	386	$	418		12	%	$	804		6.9
Wellington (direct only)		29		692		130		4	%		822		5.3
Other major asbestos defendants		29		459		154		4	%		613		2.4
No known policies (includes 3 Wellington accounts)		5		—		—		—			—		—
Accounts with future exposure > $2.5		88		663		959		27	%		1,622		7.5
Accounts with future exposure < $2.5		1,015		198		129		4	%		327		3.8
Unallocated [6]				1,418		696		20	%		2,114		—
Total direct			$	3,816	$	2,486		71	%	$	6,302		3.4
Assumed reinsurance				833		647		19	%		1,480		6.7
London market				495		358		10	%		853		7.1
Total as of June 30, 2006			$	5,144	$	3,491		100	%	$	8,635		4.0
Total as of June 30, 2006, excluding MacArthur Settlement [7]			$	3,994									7.1

[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 2006.
[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, 2006 is computed based on total paid losses of $2,626 for the period from July 1, 2003 to June 30, 2006.
[4]	As of June 30, 2006, the one year gross paid amount for total asbestos claims is $556, resulting in a one year gross survival ratio of 6.3.
[5]	Includes 28 open accounts at June 30, 2006. Included 32 open accounts at June 30, 2005.
[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-16

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, 2006	Loss & LAE			Loss & LAE			Loss & LAE		Loss & LAE
Gross
Direct	$	61		$	(3	)	$	3	$	—
Assumed — Domestic		84			4			28		—
London Market		30			—			2		—
Total		175			1			33		—
Ceded		(13	)		264			17		17
Net	$	162		$	265		$	50	$	17

	Asbestos [1]					Environmental [1]
	Paid			Incurred		Paid		Incurred
For the Six Months Ended June 30, 2006	Loss & LAE			Loss & LAE		Loss & LAE		Loss & LAE
Gross
Direct	$	198		$	—	$	12	$	—
Assumed — Domestic		120			4		36		—
London Market		39			—		5		—
Total		357			4		53		—
Ceded		(126	)		263		12		17
Net	$	231		$	267	$	65	$	17

[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, 2006 includes $3 and $4, 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, 2006 includes $3 and $6, respectively, related to asbestos and environmental claims.

PC-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Three Months Ended June 30, 2006
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 3/31/06 - gross	$	7,136		$	2,070		$	6,213		$	15,419		$	6,555		$	21,974
Reinsurance and other recoverables		615			263			2,313			3,191			1,808			4,999
Liabilities for unpaid claims and claim adjustment expenses at 3/31/06 - net		6,521			1,807			3,900			12,228			4,747			16,975
Provision for unpaid claims and claim adjustment expenses
Current year		778			650			277			1,705			—			1,705
Prior year		(36	)		(37	)		64			(9	)		267			258
Total provision for unpaid claims and claim adjustment expenses		742			613			341			1,696			267			1,963
Payments		(543	)		(558	)		(176	)		(1,277	)		(212	)		(1,489	)
Liabilities for unpaid claims and claim adjustment expenses at 6/30/06 - net		6,720			1,862			4,065			12,647			4,802			17,449
Reinsurance and other recoverables		590			209			2,061			2,860			1,461			4,321
Liabilities for unpaid claims and claim adjustment expenses at 6/30/06 - gross	$	7,310		$	2,071		$	6,126		$	15,507		$	6,263		$	21,770
Earned premiums	$	1,268		$	939		$	399		$	2,606		$	1		$	2,607
Loss and loss expense paid ratio		42.9			59.4			43.8			49.0
Loss and loss expense incurred ratio		58.5			65.4			85.3			65.1
Prior accident year development (pts.)		(2.8	)		(4.0	)		15.9			(0.4	)

PC-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Six Months Ended June 30, 2006
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 1/1/06 - gross	$	7,066		$	2,152		$	6,202		$	15,420		$	6,846		$	22,266
Reinsurance and other recoverables		709			385			2,354			3,448			1,955			5,403
Liabilities for unpaid claims and claim adjustment expenses at 1/1/06 - net		6,357			1,767			3,848			11,972			4,891			16,863
Provision for unpaid claims and claim adjustment expenses
Current year		1,545			1,239			549			3,333			—			3,333
Prior year		(26	)		(23	)		34			(15	)		286			271
Total provision for unpaid claims and claim adjustment expenses		1,519			1,216			583			3,318			286			3,604
Payments		(1,156	)		(1,121	)		(366	)		(2,643	)		(375	)		(3,018	)
Liabilities for unpaid claims and claim adjustment expenses at 6/30/06 - net		6,720			1,862			4,065			12,647			4,802			17,449
Reinsurance and other recoverables		590			209			2,061			2,860			1,461			4,321
Liabilities for unpaid claims and claim adjustment expenses at 6/30/06 - gross	$	7,310		$	2,071		$	6,126		$	15,507		$	6,263		$	21,770
Earned premiums	$	2,531		$	1,858		$	782		$	5,171		$	2		$	5,173
Loss and loss expense paid ratio		45.7			60.3			46.9			51.1
Loss and loss expense incurred ratio		60.0			65.5			74.6			64.2
Prior accident year development (pts.)		(1.0	)		(1.3	)		4.5			(0.3	)

PC-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
REINSURANCE RECOVERABLE ANALYSIS

	June 30,			December 31,
	2006			2005
Gross Reinsurance Recoverable [1]
Paid Loss and Loss Adjustment Expense	$	522		$	580
Unpaid Loss and Loss Adjustment Expense		4,398			5,393
Subtotal Gross Reinsurance Recoverable		4,920			5,973
Less: Allowance for Uncollectable Reinsurance		(435	)		(413	)
Net Property & Casualty Reinsurance Recoverable	$	4,485		$	5,560

Distribution of Net Reinsurance Recoverables as of December 31, 2005 [2]

				% of			% of Rated
	Amount			Total			Companies
Net Property & Casualty Reinsurance Recoverables	$	5,560
Less: Mandatory (Assigned Risk) Pools		(495	)
Net P&C Reinsurance Recoverable Excluding Mandatory Pools	$	5,065
Rated A- (Excellent) or better by A.M. Best [3]	$	3,491			68.9	%		94.4	%
Other Rated by A.M. Best [3]		207			4.1	%		5.6	%
Total Rated Companies		3,698			73.0	%		100.0	%
Voluntary Pools		291			5.7	%
Captives		188			3.7	%
Other Not Rated Companies		888			17.6	%
Total	$	5,065			100.0	%

[1]	Net of commutations, settlements, and known insolvencies.
[2]	Excludes the impact of the 2nd Quarter 2006 settlement with Equitas.
[3]	Based on A.M. Best ratings as of 12/31/05.

PC-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Earned premiums	$	2,578		$	2,517		$	2,554		$	2,566		$	2,607			1	%		2	%	$	5,085		$	5,173			2	%
Net investment income		328			349			351			357			365			11	%		2	%		665			722			9	%
Other revenues		115			115			121			123			114			(1	%)		(7	%)		227			237			4	%
Net realized capital gains (losses)		—			2			(6	)		5			(29	)	NM			NM				48			(24	)	NM
Total revenues		3,021			2,983			3,020			3,051			3,057			1	%		—			6,025			6,108			1	%
Benefits, claims and claim adjustment expenses [1]		1,688			1,843			1,818			1,641			1,963			16	%		20	%		3,302			3,604			9	%
Amortization of deferred policy acquisition costs		498			500			507			518			523			5	%		1	%		990			1,041			5	%
Insurance operating costs and expenses		168			174			245			141			107			(36	%)		(24	%)		312			248			(21	%)
Other expenses		139			156			163			157			178			28	%		13	%		298			335			12	%
Total benefits and expenses		2,493			2,673			2,733			2,457			2,771			11	%		13	%		4,902			5,228			7	%
Income before income taxes		528			310			287			594			286			(46	%)		(52	%)		1,123			880			(22	%)
Income tax expense		159			77			70			170			70			(56	%)		(59	%)		337			240			(29	%)
Net income		369			233			217			424			216			(41	%)		(49	%)		786			640			(19	%)
Less: Net realized capital gains (losses), after-tax		—			1			(3	)		3			(19	)	NM			NM				31			(16	)	NM
Core earnings	$	369		$	232		$	220		$	421		$	235			(36	%)		(44	%)	$	755		$	656			(13	%)
Total Property & Casualty effective tax rate — net income		30.0	%		25.0	%		24.4	%		28.6	%		24.4	%		(5.6	)		(4.2	)		30.0	%		27.3	%		(2.7	)
Total Property & Casualty effective tax rate — core earnings		30.0	%		24.9	%		24.7	%		28.6	%		25.4	%		(4.6	)		(3.2	)		29.7	%		27.5	%		(2.2	)

[1] The three months ended June 30, 2005 included assumed reinsurance reserve strengthening of $73 and a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims. The three months ended June 30, 2006 included a $243 charge as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.

PC-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED BALANCE SHEETS

	AS OF												Year Over
	Jun. 30,		Sept. 30,		Dec. 31,			Mar. 31,		Jun. 30,			Year			Sequential
	2005		2005		2005			2006		2006			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	24,550	$	24,994	$	25,330		$	24,984	$	25,377			3	%		2	%
Equity securities, available for sale, at fair value		589		604		661			719		796			35	%		11	%
Mortgage loans		193		175		218			225		286			48	%		27	%
Other investments		618		594		644			712		797			29	%		12	%
Total investments		25,950		26,367		26,853			26,640		27,256			5	%		2	%
Cash		256		258		272			290		193			(25	%)		(33	%)
Premiums receivable and agents’ balances		2,916		2,801		3,308			3,321		3,312			14	%		—
Reinsurance recoverables		4,943		5,306		5,560			5,261		4,485			(9	%)		(15	%)
Deferred policy acquisition costs		1,095		1,113		1,134			1,150		1,176			7	%		2	%
Deferred income tax		738		858		904			984		1,061			44	%		8	%
Goodwill		152		152		152			152		152			—			—
Property and equipment, net		466		475		485			485		504			8	%		4	%
Other assets		1,755		1,713		1,614			1,624		1,552			(12	%)		(4	%)
Total assets	$	38,271	$	39,043	$	40,282		$	39,907	$	39,691			4	%		(1	%)
Future policy benefits, unpaid claims and claim adjustment expenses	$	21,104	$	21,791	$	22,266		$	21,974	$	21,770			3	%		(1	%)
Unearned premiums		4,987		5,049		5,502			5,607		5,580			12	%		—
Other liabilities		3,524		3,707		3,865			3,492		3,562			1	%		2	%
Total liabilities		29,615		30,547		31,633			31,073		30,912			4	%		(1	%)
Equity, x-AOCI, net of tax		8,080		8,183		8,398			8,816		8,949			11	%		2	%
AOCI, net of tax		576		313		251			18		(170	)	NM			NM
Total stockholders’ equity		8,656		8,496		8,649			8,834		8,779			1	%		(1	%)
Total liabilities and stockholders’ equity	$	38,271	$	39,043	$	40,282		$	39,907	$	39,691			4	%		(1	%)
Hartford Fire NAIC RBC						509	%

PC-22

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

	Mar. 31, 2006			Dec. 31, 2005
Statutory Capital and Surplus	$	7,286		$	6,980
GAAP Adjustments
Deferred policy acquisition costs		1,150			1,134
Deferred taxes		(273	)		(355	)
Benefit reserves		(163	)		(165	)
Unrealized gains on investments		144			324
Goodwill		108			104
Non-admitted assets		1,020			745
Other, net		(438	)		(118	)
GAAP Stockholders’ Equity	$	8,834		$	8,649

PC-23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
CONSOLIDATED

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	850		$	865		$	885		$	897		$	911			7	%		2	%	$	1,676		$	1,808			8	%
Tax-exempt		131			130			137			135			133			2	%		(1	%)		259			268			3	%
Total fixed maturities		981			995			1,022			1,032			1,044			6	%		1	%		1,935			2,076			7	%
Equities
Available-for-sale		11			16			19			23			21			91	%		(9	%)		23			44			91	%
Held for trading		303			1,500			1,823			454			(970	)	NM			NM				524			(516	)	NM
Total equities		314			1,516			1,842			477			(949	)	NM			NM				547			(472	)	NM
Mortgage loans		19			22			26			31			36			89	%		16	%		36			67			86	%
Policy loans		36			36			36			33			36			—			9	%		72			69			(4	%)
Limited partnerships		19			47			21			6			35			84	%	NM				37			41			11	%
Other		17			22			17			24			3			(82	%)		(88	%)		65			27			(58	%)
Subtotal		1,386			2,638			2,964			1,603			205			(85	%)		(87	%)		2,692			1,808			(33	%)
Less: Investment expense		16			14			20			22			17			6	%		(23	%)		29			39			34	%
Total net investment income	$	1,370		$	2,624		$	2,944		$	1,581		$	188			(86	%)		(88	%)	$	2,663		$	1,769			(34	%)
Less: Securities held for trading		303			1,500			1,823			454			(970	)	NM			NM				524			(516	)	NM
Total net investment income excluding trading securities	$	1,067		$	1,124		$	1,121		$	1,127		$	1,158			9	%		3	%	$	2,139		$	2,285			7	%
Investment yield, before-tax [2]		5.6	%		5.8	%		5.6	%		5.6	%		5.7	%		0.1			0.1			5.6	%		5.7	%		0.1
Investment yield, after-tax [2]		3.8	%		4.0	%		3.9	%		3.9	%		3.9	%		0.1			—			3.8	%		3.9	%		0.1
Net Realized Capital Gains (Losses)
Gross gains on sale	$	163		$	123		$	63		$	91		$	89			(45	%)		(2	%)	$	323		$	180			(44	%)
Gross losses on sale		(118	)		(98	)		(81	)		(106	)		(124	)		(5	%)		(17	%)		(185	)		(230	)		(24	%)
Impairments
Credit related		(10	)		(15	)		(16	)		—			—			100	%		—			(10	)		—			100	%
Other [3]		—			(5	)		—			(23	)		(66	)		—			(187	%)		(1	)		(89	)	NM
Total impairments		(10	)		(20	)		(16	)		(23	)		(66	)	NM				(187	%)		(11	)		(89	)	NM
Japanese fixed annuity contract hedges, net [4]		(40	)		(32	)		—			(44	)		(14	)		65	%		68	%		(4	)		(58	)	NM
Periodic net coupon settlements on credit derivatives/Japan [5]		(9	)		(8	)		(11	)		(14	)		(7	)		22	%		50	%		(13	)		(21	)		(62	%)
GMWB derivatives, net		1			(1	)		(53	)		(13	)		(22	)	NM				(69	%)		8			(35	)	NM
Other net gain (loss) [6]		3			12			10			(12	)		(35	)	NM				(192	%)		11			(47	)	NM
Total net realized capital gains (losses)	$	(10	)	$	(24	)	$	(88	)	$	(121	)	$	(179	)	NM				(48	%)	$	129		$	(300	)	NM

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes equity securities held for trading, collateral received associated with the securities lending program and reverse repurchase agreements as well as consolidated variable interest entity minority interests.
[3]	Primarily relates to fixed maturity impairments for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow for a recovery to amortized cost. These impairments do not relate to security issuers’ for which the Company has current concerns regarding their ability to pay future interest and principal amounts based upon the securities contractual terms.
[4]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[5]	Included in core earnings.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments.

I-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
LIFE

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	635		$	641		$	657		$	663		$	673			6	%		2	%	$	1,247		$	1,336			7	%
Tax-exempt		28			29			30			29			30			7	%		3	%		55			59			7	%
Total fixed maturities		663			670			687			692			703			6	%		2	%		1,302			1,395			7	%
Equities
Available-for-sale		8			10			13			15			13			63	%		(13	%)		17			28			65	%
Held for trading		303			1,500			1,823			454			(970	)	NM			NM				524			(516	)	NM
Total equities		311			1,510			1,836			469			(957	)	NM			NM				541			(488	)	NM
Mortgage loans		16			20			23			28			32			100	%		14	%		30			60			100	%
Policy loans		36			36			36			33			36			—			9	%		72			69			(4	%)
Limited partnerships		5			36			11			9			23		NM				156	%		12			32			167	%
Other		16			10			10			5			(4	)	NM			NM				49			1			(98	%)
Subtotal		1,047			2,282			2,603			1,236			(167	)	NM			NM				2,006			1,069			(47	%)
Less: Investment expense		11			11			15			16			12			9	%		(25	%)		20			28			40	%
Total net investment income (loss)	$	1,036		$	2,271		$	2,588		$	1,220		$	(179	)	NM			NM			$	1,986		$	1,041			(48	%)
Less: Securities held for trading		303			1,500			1,823			454			(970	)	NM			NM				524			(516	)	NM
Total net investment income excluding trading securities	$	733		$	771		$	765		$	766		$	791			8	%		3	%	$	1,462		$	1,557			6	%
Investment yield, before-tax [2]		5.6	%		5.8	%		5.7	%		5.7	%		5.8	%		0.2			0.1			5.6	%		5.7	%		0.1
Investment yield, after-tax [2]		3.7	%		3.9	%		3.8	%		3.8	%		3.8	%		0.1			—			3.7	%		3.8	%		0.1
Net Realized Capital Gains (Losses)
Gross gains on sale	$	123		$	89		$	36		$	41		$	48			(61	%)		17	%	$	221		$	89			(60	%)
Gross losses on sale		(84	)		(72	)		(50	)		(59	)		(82	)		2	%		(39	%)		(132	)		(141	)		(7	%)
Impairments
Credit related		(5	)		(12	)		(15	)		—			—			100	%		—			(5	)		—			100	%
Other [3]		—			(4	)		—			(9	)		(43	)		—		NM				(1	)		(52	)	NM
Total impairments		(5	)		(16	)		(15	)		(9	)		(43	)	NM			NM				(6	)		(52	)	NM
Japanese fixed annuity contract hedges, net [4]		(40	)		(32	)		—			(44	)		(14	)		65	%		68	%		(4	)		(58	)	NM
Periodic net coupon settlements on credit derivatives/Japan [5]		(9	)		(8	)		(11	)		(14	)		(8	)		11	%		43	%		(13	)		(22	)		(69	%)
GMWB derivatives, net		1			(1	)		(53	)		(13	)		(22	)	NM				(69	%)		8			(35	)	NM
Other net gain (loss) [6]		5			14			11			(28	)		(29	)	NM				(4	%)		9			(57	)	NM
Total net realized capital gains (losses)	$	(9	)	$	(26	)	$	(82	)	$	(126	)	$	(150	)	NM				(19	%)	$	83		$	(276	)	NM

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes equity securities held for trading, collateral received associated with the securities lending program and reverse repurchase agreements as well as consolidated variable interest entity minority interests.
[3]	Primarily relates to fixed maturity impairments for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow for a recovery to amortized cost. These impairments do not relate to security issuers’ for which the Company has current concerns regarding their ability to pay future interest and principal amounts based upon the securities contractual terms.
[4]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[5]	Included in core earnings.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments.

I-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
PROPERTY & CASUALTY

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2005			2005			2005			2006			2006			Change			Change			2005			2006			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	213		$	220		$	223		$	230		$	236			11	%		3	%	$	425		$	466			10	%
Tax-exempt		103			101			107			106			103			—			(3	%)		204			209			2	%
Total fixed maturities		316			321			330			336			339			7	%		1	%		629			675			7	%
Equities — available-for-sale		3			6			6			8			8			167	%		—			6			16			167	%
Mortgage loans		3			2			3			3			4			33	%		33	%		6			7			17	%
Limited partnerships		14			11			10			(3	)		12			(14	%)	NM				25			9			(64	%)
Other		(3	)		12			7			19			7		NM				(63	%)		8			26		NM
Subtotal		333			352			356			363			370			11	%		2	%		674			733			9	%
Less: Investment expense		5			3			5			6			5			—			(17	%)		9			11			22	%
Total net investment income	$	328		$	349		$	351		$	357		$	365			11	%		2	%	$	665		$	722			9	%
Investment yield, before-tax [2]		5.4	%		5.6	%		5.5	%		5.5	%		5.5	%		0.1			—			5.5	%		5.5	%		—
Investment yield, after-tax [2]		4.0	%		4.2	%		4.1	%		4.1	%		4.1	%		0.1			—			4.1	%		4.1	%		—
Net Realized Capital Gains (Losses)
Gross gains on sale	$	40		$	34		$	27		$	50		$	41			3	%		(18	%)	$	102		$	91			(11	%)
Gross losses on sale		(34	)		(26	)		(31	)		(47	)		(42	)		(24	%)		11	%		(53	)		(89	)		(68	%)
Impairments
Credit related		(5	)		(3	)		(1	)		—			—			100	%		—			(5	)		—			100	%
Other [3]		—			(1	)		—			(14	)		(23	)		—			(64	%)		—			(37	)		—
Total impairments		(5	)		(4	)		(1	)		(14	)		(23	)	NM				(64	%)		(5	)		(37	)	NM
Periodic net coupon settlements on credit derivatives [4]		—			—			—			—			1			—			—			—			1			—
Other net gain (loss) [5]		(1	)		(2	)		(1	)		16			(6	)	NM			NM				4			10			150	%
Total net realized capital gains (losses)	$	—		$	2		$	(6	)	$	5		$	(29	)		—		NM			$	48		$	(24	)	NM

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes the collateral received associated with the securities lending program and reverse repurchase agreements.
[3]	Primarily relates to fixed maturity impairments for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow for a recovery to amortized cost. These impairments do not relate to security issuers’ for which the Company has current concerns regarding their ability to pay future interest and principal amounts based upon the securities contractual terms.
[4]	Included in core earnings.
[5]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains.

I-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
CORPORATE

												Year Over
	THREE MONTHS ENDED											Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		3 Month			3 Month			JUNE 30,
	2005			2005		2005		2006		2006		Change			Change			2005			2006		Change
Net Investment Income
Fixed maturities [1]
Taxable	$	2		$	4	$	5	$	4	$	2		—			(50	%)	$	4		$	6		50	%
Total fixed maturities		2			4		5		4		2		—			(50	%)		4			6		50	%
Other [2]		4			—		—		—		—		(100	%)		—			8			—		(100	%)
Total net investment income	$	6		$	4	$	5	$	4	$	2		(67	%)		(50	%)	$	12		$	6		(50	%)
Net Realized Capital Gains (Losses)
Other net gain (loss) [3]	$	(1	)	$	—	$	—	$	—	$	—		100	%		—			(2	)		—		100	%

[1]	Includes income on short-term 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. The amortization period concluded on June 30, 2005.
[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,
	2005					2005					2005					2006					2006
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	76,554		76.1	%	$	76,461		73.8	%	$	76,440		71.5	%	$	75,719		69.6	%	$	76,054		68.6	%
Equity securities, at fair value
Available-for-sale		1,382		1.4	%		1,401		1.4	%		1,461		1.4	%		1,539		1.4	%		1,568		1.4	%
Held for trading		17,955		17.8	%		21,247		20.5	%		24,034		22.5	%		26,057		23.9	%		26,916		24.3	%
Total equity securities, at fair value		19,337		19.2	%		22,648		21.9	%		25,495		23.9	%		27,596		25.3	%		28,484		25.7	%
Policy loans, at outstanding balance		2,140		2.1	%		2,009		1.9	%		2,016		1.9	%		2,007		1.9	%		2,110		1.9	%
Mortgage loans, at cost		1,341		1.4	%		1,353		1.3	%		1,731		1.6	%		2,145		2.0	%		2,555		2.3	%
Limited partnerships, at fair value		524		0.5	%		564		0.5	%		668		0.6	%		774		0.7	%		946		0.9	%
Other investments [2]		728		0.7	%		582		0.6	%		585		0.5	%		578		0.5	%		682		0.6	%
Total investments	$	100,624		100.0	%	$	103,617		100.0	%	$	106,935		100.0	%	$	108,819		100.0	%	$	110,831		100.0	%
Less: Equity securities held for trading		17,955		17.8	%		21,247		20.5	%		24,034		22.5	%		26,057		23.9	%		26,916		24.3	%
Total investments excluding trading securities	$	82,669		82.2	%	$	82,370		79.5	%	$	82,901		77.5	%	$	82,762		76.1	%	$	83,915		75.7	%
HIMCO managed third party accounts	$	4,832				$	4,640				$	4,710				$	4,849				$	5,283
Asset-backed securities (“ABS”)	$	7,906		10.3	%	$	8,029		10.5	%	$	7,878		10.3	%	$	7,867		10.4	%	$	8,008		10.5	%
Commercial mortgage-backed securities (“CMBS”)		12,299		16.1	%		12,641		16.5	%		13,002		17.0	%		13,224		17.5	%		13,588		17.9	%
Collateralized mortgage obligation (“CMO”)		1,118		1.5	%		1,079		1.4	%		990		1.3	%		1,003		1.3	%		1,227		1.6	%
Corporate		35,426		46.3	%		34,388		45.0	%		34,018		44.5	%		34,012		44.9	%		33,828		44.5	%
Government/Government agencies — Foreign		1,483		1.9	%		1,468		1.9	%		1,467		1.9	%		1,429		1.9	%		1,240		1.6	%
Government/Government agencies — U.S.		848		1.1	%		1,071		1.4	%		898		1.2	%		1,014		1.3	%		1,583		2.1	%
Mortgage-backed securities (“MBS”) — agency		3,525		4.6	%		3,480		4.5	%		3,861		5.0	%		2,963		3.9	%		2,849		3.8	%
Municipal — taxable		1,188		1.5	%		1,199		1.6	%		1,199		1.6	%		1,139		1.5	%		1,147		1.5	%
Municipal — tax-exempt		10,436		13.6	%		11,081		14.5	%		11,019		14.4	%		10,841		14.3	%		10,550		13.9	%
Redeemable preferred stock		42		0.1	%		41		0.1	%		45		0.1	%		41		0.1	%		38		—
Short-term		2,283		3.0	%		1,984		2.6	%		2,063		2.7	%		2,186		2.9	%		1,996		2.6	%
Total fixed maturities [1]	$	76,554		100.0	%	$	76,461		100.0	%	$	76,440		100.0	%	$	75,719		100.0	%	$	76,054		100.0	%
AAA	$	18,965		24.8	%	$	20,346		26.6	%	$	19,837		26.0	%	$	20,197		26.7	%	$	21,098		27.7	%
AA		10,207		13.3	%		9,728		12.7	%		10,143		13.3	%		10,299		13.6	%		10,556		13.9	%
A		18,693		24.4	%		19,216		25.1	%		18,914		24.7	%		18,544		24.5	%		18,196		23.9	%
BBB		18,175		23.7	%		17,102		22.4	%		16,892		22.1	%		16,575		21.9	%		15,605		20.5	%
U.S. Government/Government agencies		5,413		7.1	%		5,199		6.8	%		5,686		7.4	%		4,926		6.5	%		5,597		7.4	%
BB & below		2,818		3.7	%		2,886		3.8	%		2,905		3.8	%		2,992		3.9	%		3,006		4.0	%
Short-term		2,283		3.0	%		1,984		2.6	%		2,063		2.7	%		2,186		2.9	%		1,996		2.6	%
Total fixed maturities [1]	$	76,554		100.0	%	$	76,461		100.0	%	$	76,440		100.0	%	$	75,719		100.0	%	$	76,054		100.0	%

[1]	Includes $281, $352, $298, $164 and $224 in Corporate at June 30, 2005, September 30, 2005, December 31, 2005, March 31, 2006 and June 30, 2006, respectively, of which $130, $114, $89, $97 and $150, respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	Includes $7, $2, $0, $0 and $0 in Corporate at June 30, 2005, September 30, 2005, December 31, 2005, March 31, 2006 and June 30, 2006, respectively.

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS
LIFE

	June 30,					September 30,					December 31,					March 31,					June 30,
	2005					2005					2005					2006					2006
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	51,723		69.5	%	$	51,115		66.5	%	$	50,812		63.7	%	$	50,571		61.7	%	$	50,453		60.6	%
Equity securities, at fair value
Available-for-sale		793		1.1	%		797		1.1	%		800		1.0	%		820		1.0	%		772		0.9	%
Held for trading		17,955		24.1	%		21,247		27.6	%		24,034		30.1	%		26,057		31.8	%		26,916		32.3	%
Total equity securities, at fair value		18,748		25.2	%		22,044		28.7	%		24,834		31.1	%		26,877		32.8	%		27,688		33.2	%
Policy loans, at outstanding balance		2,140		2.9	%		2,009		2.6	%		2,016		2.5	%		2,007		2.4	%		2,110		2.5	%
Mortgage loans, at cost		1,148		1.6	%		1,178		1.5	%		1,513		1.9	%		1,920		2.3	%		2,269		2.7	%
Limited partnerships, at fair value		309		0.4	%		369		0.5	%		431		0.6	%		491		0.6	%		581		0.7	%
Other investments		318		0.4	%		181		0.2	%		178		0.2	%		149		0.2	%		250		0.3	%
Total investments	$	74,386		100.0	%	$	76,896		100.0	%	$	79,784		100.0	%	$	82,015		100.0	%	$	83,351		100.0	%
Less: Equity securities held for trading		17,955		24.1	%		21,247		27.6	%		24,034		30.1	%		26,057		31.8	%		26,916		32.3	%
Total investments excluding trading securities	$	56,431		75.9	%	$	55,649		72.4	%	$	55,750		69.9	%	$	55,958		68.2	%	$	56,435		67.7	%
ABS	$	6,772		13.1	%	$	6,983		13.7	%	$	6,792		13.4	%	$	6,784		13.4	%	$	6,929		13.7	%
CMBS		8,930		17.3	%		9,187		18.0	%		9,367		18.4	%		9,552		18.9	%		9,745		19.3	%
CMO		996		1.9	%		941		1.8	%		862		1.7	%		870		1.7	%		983		2.0	%
Corporate		26,038		50.3	%		25,042		49.0	%		24,812		48.8	%		24,648		48.7	%		24,235		48.0	%
Government/Government agencies — Foreign		729		1.4	%		753		1.5	%		765		1.5	%		746		1.5	%		579		1.2	%
Government/Government agencies — U.S.		700		1.4	%		834		1.6	%		649		1.3	%		806		1.6	%		1,226		2.4	%
MBS — agency		2,481		4.8	%		2,413		4.7	%		2,757		5.4	%		2,147		4.2	%		2,080		4.1	%
Municipal — taxable		965		1.9	%		990		1.9	%		991		2.0	%		942		1.9	%		955		1.9	%
Municipal — tax-exempt		2,478		4.8	%		2,486		4.9	%		2,466		4.9	%		2,407		4.8	%		2,346		4.7	%
Redeemable preferred stock		14		—			13		—			17		—			16		—			15		—
Short-term		1,620		3.1	%		1,473		2.9	%		1,334		2.6	%		1,653		3.3	%		1,360		2.7	%
Total fixed maturities	$	51,723		100.0	%	$	51,115		100.0	%	$	50,812		100.0	%	$	50,571		100.0	%	$	50,453		100.0	%
AAA	$	10,596		20.5	%	$	11,311		22.1	%	$	10,746		21.1	%	$	11,010		21.8	%	$	11,707		23.2	%
AA		6,565		12.7	%		6,156		12.1	%		6,490		12.8	%		6,714		13.3	%		6,914		13.7	%
A		13,543		26.2	%		13,924		27.2	%		13,865		27.3	%		13,568		26.8	%		13,235		26.2	%
BBB		13,616		26.3	%		12,710		24.9	%		12,490		24.6	%		12,180		24.1	%		11,336		22.5	%
U.S. Government/Government agencies		4,130		8.0	%		3,887		7.6	%		4,232		8.3	%		3,797		7.5	%		4,252		8.4	%
BB & below		1,653		3.2	%		1,654		3.2	%		1,655		3.3	%		1,649		3.2	%		1,649		3.3	%
Short-term		1,620		3.1	%		1,473		2.9	%		1,334		2.6	%		1,653		3.3	%		1,360		2.7	%
Total fixed maturities	$	51,723		100.0	%	$	51,115		100.0	%	$	50,812		100.0	%	$	50,571		100.0	%	$	50,453		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,
	2005					2005					2005					2006					2006
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	24,550		94.6	%	$	24,994		94.8	%	$	25,330		94.3	%	$	24,984		93.8	%	$	25,377		93.1	%
Equity securities, available-for-sale, at fair value		589		2.3	%		604		2.3	%		661		2.5	%		719		2.7	%		796		2.9	%
Mortgage loans, at cost		193		0.7	%		175		0.7	%		218		0.8	%		225		0.8	%		286		1.1	%
Limited partnerships, at fair value		215		0.8	%		195		0.7	%		237		0.9	%		283		1.1	%		365		1.3	%
Other investments		403		1.6	%		399		1.5	%		407		1.5	%		429		1.6	%		432		1.6	%
Total investments	$	25,950		100.0	%	$	26,367		100.0	%	$	26,853		100.0	%	$	26,640		100.0	%	$	27,256		100.0	%
ABS	$	1,134		4.6	%	$	1,046		4.2	%	$	1,086		4.3	%	$	1,083		4.4	%	$	1,079		4.3	%
CMBS		3,369		13.7	%		3,454		13.8	%		3,635		14.3	%		3,672		14.7	%		3,843		15.1	%
CMO		122		0.5	%		138		0.6	%		128		0.5	%		133		0.5	%		244		1.0	%
Corporate		9,189		37.4	%		9,085		36.3	%		9,026		35.6	%		9,250		37.0	%		9,480		37.4	%
Government/Government agencies — Foreign		754		3.1	%		715		2.9	%		702		2.8	%		683		2.7	%		661		2.6	%
Government/Government agencies — U.S.		148		0.6	%		237		0.9	%		249		1.0	%		208		0.8	%		357		1.4	%
MBS — agency		1,044		4.3	%		1,067		4.3	%		1,104		4.4	%		816		3.3	%		769		3.0	%
Municipal — taxable		223		0.9	%		209		0.8	%		208		0.8	%		197		0.8	%		192		0.8	%
Municipal — tax-exempt		7,958		32.4	%		8,595		34.4	%		8,553		33.8	%		8,434		33.8	%		8,204		32.3	%
Redeemable preferred stock		28		0.1	%		28		0.1	%		28		0.1	%		25		0.1	%		23		—
Short-term		581		2.4	%		420		1.7	%		611		2.4	%		483		1.9	%		525		2.1	%
Total fixed maturities	$	24,550		100.0	%	$	24,994		100.0	%	$	25,330		100.0	%	$	24,984		100.0	%	$	25,377		100.0	%
AAA	$	8,354		34.0	%	$	9,018		36.1	%	$	9,080		35.9	%	$	9,181		36.8	%	$	9,385		37.0	%
AA		3,549		14.5	%		3,452		13.8	%		3,563		14.1	%		3,528		14.1	%		3,584		14.1	%
A		5,060		20.6	%		5,179		20.7	%		4,974		19.6	%		4,926		19.7	%		4,914		19.4	%
BBB		4,558		18.6	%		4,381		17.5	%		4,398		17.4	%		4,394		17.6	%		4,267		16.8	%
U.S. Government/Government agencies		1,283		5.2	%		1,312		5.3	%		1,454		5.7	%		1,129		4.5	%		1,345		5.3	%
BB & below		1,165		4.7	%		1,232		4.9	%		1,250		4.9	%		1,343		5.4	%		1,357		5.3	%
Short-term		581		2.4	%		420		1.7	%		611		2.4	%		483		1.9	%		525		2.1	%
Total fixed maturities	$	24,550		100.0	%	$	24,994		100.0	%	$	25,330		100.0	%	$	24,984		100.0	%	$	25,377		100.0	%

I-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
CONSOLIDATED [1] [2]

	June 30, 2006							December 31, 2005
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	17,434	$	17,044	$	(390	)	$	17,986	$	17,704	$	(282	)
Greater than three months to six months		4,667		4,487		(180	)		5,143		5,013		(130	)
Greater than six months to nine months		11,938		11,299		(639	)		1,061		1,036		(25	)
Greater than nine months to twelve months		3,664		3,476		(188	)		3,001		2,907		(94	)
Greater than twelve months		6,636		6,273		(363	)		5,053		4,826		(227	)
Total	$	44,339	$	42,579	$	(1,760	)	$	32,244	$	31,486	$	(758	)
BIG [4] and Equity AFS [3] Securities
Three months or less	$	1,471	$	1,421	$	(50	)	$	686	$	657	$	(29	)
Greater than three months to six months		289		270		(19	)		252		242		(10	)
Greater than six months to nine months		307		290		(17	)		170		165		(5	)
Greater than nine months to twelve months		122		114		(8	)		89		85		(4	)
Greater than twelve months		408		353		(55	)		353		309		(44	)
Total	$	2,597	$	2,448	$	(149	)	$	1,550	$	1,458	$	(92	)

[1]	As of June 30, 2006, fixed maturities represented $1,738, or 99%, of the Company’s total unrealized loss of available-for-sale securities. There were no fixed maturities as of June 30, 2006 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, 2006 and December 31, 2005, for which management’s best estimate of future cash flows adversely changed during the reporting period for which an impairment has not been recorded. For a detailed discussion of the other than temporary impairment criteria, see “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2005 Form 10-K Annual Report.
[2]	Includes investments held in Corporate.
[3]	Represents available-for-sale (“AFS”) securities.
[4]	Represents below investment grade (“BIG”) securities.

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
LIFE

	June 30, 2006							December 31, 2005
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	10,710	$	10,454	$	(256	)	$	11,416	$	11,234	$	(182	)
Greater than three months to six months		2,912		2,802		(110	)		3,551		3,465		(86	)
Greater than six months to nine months		7,267		6,868		(399	)		861		843		(18	)
Greater than nine months to twelve months		2,476		2,357		(119	)		2,123		2,057		(66	)
Greater than twelve months		4,399		4,168		(231	)		3,236		3,086		(150	)
Total	$	27,764	$	26,649	$	(1,115	)	$	21,187	$	20,685	$	(502	)
BIG and Equity AFS Securities
Three months or less	$	711	$	689	$	(22	)	$	381	$	363	$	(18	)
Greater than three months to six months		159		147		(12	)		127		123		(4	)
Greater than six months to nine months		199		187		(12	)		121		117		(4	)
Greater than nine months to twelve months		46		43		(3	)		71		68		(3	)
Greater than twelve months		322		272		(50	)		270		230		(40	)
Total	$	1,437	$	1,338	$	(99	)	$	970	$	901	$	(69	)

I-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
PROPERTY & CASUALTY

	June 30, 2006							December 31, 2005
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	6,645	$	6,511	$	(134	)	$	6,554	$	6,454	$	(100	)
Greater than three months to six months		1,751		1,681		(70	)		1,580		1,536		(44	)
Greater than six months to nine months		4,666		4,426		(240	)		190		183		(7	)
Greater than nine months to twelve months		1,184		1,115		(69	)		861		833		(28	)
Greater than twelve months		2,232		2,100		(132	)		1,812		1,735		(77	)
Total	$	16,478	$	15,833	$	(645	)	$	10,997	$	10,741	$	(256	)
BIG and Equity AFS Securities
Three months or less	$	760	$	732	$	(28	)	$	305	$	294	$	(11	)
Greater than three months to six months		130		123		(7	)		125		119		(6	)
Greater than six months to nine months		108		103		(5	)		49		48		(1	)
Greater than nine months to twelve months		76		71		(5	)		18		17		(1	)
Greater than twelve months		86		81		(5	)		83		79		(4	)
Total	$	1,160	$	1,110	$	(50	)	$	580	$	557	$	(23	)

I-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF JUNE 30, 2006

	LIFE
			Percent of
TOP TEN CORPORATE			Total
FIXED MATURITY	Fair		Invested
EXPOSURES BY SECTOR	Value		Assets
Financial services	$	7,337		8.8	%
Technology and communications		2,923		3.5	%
Utilities		2,850		3.4	%
Consumer non cyclical		2,260		2.7	%
Consumer cyclical		2,037		2.4	%
Basic industry		2,057		2.5	%
Capital goods		1,668		2.0	%
Other		1,386		1.7	%
Energy		1,089		1.3	%
Transportation		628		0.8	%
Total	$	24,235		29.1	%
TOP TEN EXPOSURES BY ISSUER [2]
HSBC Holdings PLC	$	237		0.3	%
AT&T Inc.		237		0.3	%
General Electric Company		221		0.3	%
The Royal Bank of Scotland Group PLC		213		0.3	%
ABN AMRO Holding N.V.		210		0.3	%
Bank of America Corp.		209		0.2	%
Wachovia Bank Comm. Mortgage		202		0.2	%
Credit Suisse Group		201		0.2	%
ConocoPhillips		193		0.2	%
Deutsche Telekom AG		183		0.2	%
Total	$	2,106		2.5	%

	P&C
			Percent of
			Total
	Fair		Invested
	Value		Assets
Financial services	$	2,766		10.1	%
Technology and communications		1,352		5.0	%
Utilities		1,230		4.5	%
Consumer non cyclical		925		3.4	%
Consumer cyclical		783		2.9	%
Basic industry		739		2.7	%
Capital goods		568		2.1	%
Other		415		1.5	%
Energy		490		1.8	%
Transportation		212		0.8	%
Total	$	9,480		34.8	%
State of California	$	265		1.0	%
New York City, NY		229		0.8	%
State of Illinios		225		0.8	%
State of Georgia		206		0.8	%
State of Massachusetts		194		0.7	%
U.S. Small Business Administration		155		0.6	%
The Goldman Sachs Group, Inc.		155		0.6	%
SLM Corporation		128		0.5	%
Merrill Lynch & Co., Inc.		120		0.4	%
Houston, TX		115		0.4	%
Total	$	1,792		6.6	%

	CONSOLIDATED [1]
			Percent of
			Total
	Fair		Invested
	Value		Assets
Financial services	$	10,194		9.2	%
Technology and communications		4,280		3.9	%
Utilities		4,081		3.7	%
Consumer non cyclical		3,187		2.9	%
Consumer cyclical		2,825		2.5	%
Basic industry		2,800		2.5	%
Capital goods		2,241		2.0	%
Other		1,801		1.6	%
Energy		1,579		1.4	%
Transportation		840		0.8	%
Total	$	33,828		30.5	%
State of California	$	422		0.4	%
State of Illinios		342		0.3	%
U.S. Small Business Administration		334		0.3	%
AT&T Inc.		327		0.3	%
General Electric Company		325		0.3	%
State of Massachusetts		317		0.3	%
HSBC Holdings PLC		314		0.3	%
The Goldman Sachs Group, Inc.		290		0.3	%
Deutsche Telekom AG		278		0.2	%
Merrill Lynch & Co., Inc.		276		0.2	%
Total	$	3,225		2.9	%

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

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