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

INVESTOR FINANCIAL SUPPLEMENT

SEPTEMBER 30, 2007

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

As of October 23, 2007        

	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 and Accident Insurance Company	A+	AA	AA-	Aa3
Hartford Life and 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	A2
Commercial paper	AMB-1	F1	A-1	P-1
Hartford Life, Inc.:
Senior debt	a	A	A	A2
Hartford Life Insurance Company:
Short term rating	—	—	A-1+	P-1
Consumer notes	a+	AA-	AA-	A1

Address:
One Hartford Plaza
Hartford, CT 06155

 
Internet address:
http://www.thehartford.com
 
 
Contacts:
Kimberly Johnson
Senior Vice President
Investor Relations
Phone (860) 547-6781
 
JR (John) Reilly
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 September 30, 2007 and 2006	C-3
	Nine Months Ended September 30, 2007 and 2006	C-4
	Consolidating Balance Sheets
	As of September 30, 2007 and December 31, 2006	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 September 30, 2007 and 2006	C-9
	Nine Months Ended September 30, 2007 and 2006	C-10
	Computation of Return-on-Equity Measures	C-11
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 June 30, 2007	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
	Deposits	L-11
	Assets Under Management	L-12
	Individual Annuity — Account Value
	Rollforward	L-13
	Other Retail — Asset Rollforward	L-14
	Retirement Plans
	Income Statements	L-15
	Supplemental Data
	Deposits	L-16
	Assets Under Management	L-17
	Account Value Rollforward	L-18
	Institutional Solutions Group
	Income Statements	L-19
	Supplemental Data
	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
LIFE (CONT.)	Group Benefits
	Income Statements	L-26
	Supplemental Data	L-27
	International	L-28
	Highlights
	Japan
	Income Statements	L-29
	Supplemental Data — Account Value Rollforward in Dollars	L-30
	Supplemental Data — Account Value Rollforward in Yen	L-31
PROPERTY &	Financial Highlights	PC-1
CASUALTY	Operating Results	PC-2
	Ongoing Operations Operating Results	PC-3
	Ongoing Operations Consolidating Underwriting Results
	Three Months Ended September 30, 2007	PC-4
	Nine Months Ended September 30, 2007	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
	Other Operations Operating Results	PC-13
	Other Operations Losses and Loss Adjustment Expenses	PC-14
	Summary of Gross Environmental Reserves	PC-15
	Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-16
	Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
	Three Months Ended September 30, 2007	PC-17
	Nine Months Ended September 30, 2007	PC-18
	Reinsurance Recoverable Analysis	PC-19
	Consolidated Income Statements	PC-20
	Consolidated Balance Sheets	PC-21
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-22
INVESTMENTS	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 September 30, 2007	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 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, losses and loss adjustment expenses because these items are not considered by Life’s chief operating decision maker in evaluating the International results of operations; and 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 the Company’s debt financing and related interest expense, as well as certain capital raising and purchase accounting adjustment activities.

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

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

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

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

• 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 September 30, 2007 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 the Company’s 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 Company’s operating performance for many of the same reasons applicable to its underlying measure, core earnings. Net income per share is the most directly comparable GAAP measure. Core earnings per share should not be considered as a substitute for net income per share and does not reflect the overall profitability of our business. Therefore, the Hartford believes that it is useful for investors to evaluate both net income per share and core earnings per share when reviewing our performance. A reconciliation of net income per share to core earnings per share for the periods presented herein is set forth on page C-8.

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

• The Hartford’s management evaluates profitability of the Business Insurance, Personal Lines and Specialty Commercial underwriting segments primarily on the basis of underwriting results. Underwriting results is a before-tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income is the most directly comparable GAAP measure. Underwriting results are influenced significantly by earned premium growth and the adequacy of The Hartford’s pricing. Underwriting profitability over time is also greatly influenced by The Hartford’s underwriting discipline, which seeks to manage exposure to loss through favorable risk selection and diversification, its management of claims, its use of reinsurance and its ability to manage its expense ratio, which it accomplishes through economies of scale and its management of acquisition costs and other underwriting expenses. The Hartford believes that underwriting results provides investors with a valuable measure of before-tax profitability derived from underwriting activities, which are managed separately from the Company’s investing activities. Underwriting results is also presented for Ongoing Operations, Other Operations and total Property & Casualty. A reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations is set forth on pages PC-2, PC-3 and PC-13, respectively.

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

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

 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 accumulated other comprehensive income (“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 that can 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 different measures of the return on equity (“ROE”) of the Company. ROE (core earnings last twelve months to equity excluding AOCI), is 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. 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

	THREE MONTHS ENDED															Year Over			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Year			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
HIGHLIGHTS
Net income	$	758		$	783		$	876		$	627		$	851			12	%		36	%	$	1,962		$	2,354			20	%
Core earnings	$	727		$	768		$	843		$	764		$	1,060			46	%		39	%	$	2,097		$	2,667			27	%
Total revenues	$	7,407		$	7,579		$	6,759		$	7,660		$	5,823			(21	%)		(24	%)	$	18,921		$	20,242			7	%
Total assets	$	304,794		$	326,710		$	332,711		$	345,646		$	356,455			17	%		3	%
Total assets under management [1]	$	350,896		$	377,599		$	386,793		$	405,801		$	419,520			20	%		3	%
PER SHARE AND SHARES DATA
Basic earnings per share
Net income	$	2.45		$	2.45		$	2.74		$	1.98		$	2.70			10	%		36	%	$	6.41		$	7.42			16	%
Core earnings	$	2.35		$	2.40		$	2.64		$	2.41		$	3.36			43	%		39	%	$	6.85		$	8.41			23	%
Diluted earnings per share
Net income	$	2.39		$	2.42		$	2.71		$	1.96		$	2.68			12	%		37	%	$	6.25		$	7.35			18	%
Core earnings	$	2.30		$	2.37		$	2.61		$	2.39		$	3.33			45	%		39	%	$	6.68		$	8.33			25	%
Weighted average common shares outstanding (basic)		310.0			319.7			319.6			316.8			315.4		5.4		sh	(1.4)		sh		306.0			317.3		11.3		sh
Weighted average common shares outstanding
and dilutive potential common shares (diluted)		316.7			323.9			322.7			319.6			318.0		1.3		sh	(1.6)		sh		314.1			320.1		6.0		sh
Common shares outstanding		316.6			323.3			316.4			317.6			313.7		(2.9)		sh	(3.9)		sh		316.6			313.7		(2.9)		sh
Book value per share	$	56.01		$	58.39		$	59.58		$	58.72		$	60.41			8	%		3	%
Per share impact of AOCI	$	0.20		$	0.56		$	0.56		$	(1.89	)	$	(2.12	)	NM				(12	%)
Book value per share (excluding AOCI)	$	55.81		$	57.83		$	59.02		$	60.61		$	62.53			12	%		3	%
FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [2]		14.7	%		16.1	%		16.9	%		17.9	%		17.1	%		2.4			(0.8	)
ROE (core earnings last 12 months to equity excluding AOCI) [2]		16.0	%		16.9	%		16.9	%		17.4	%		18.4	%		2.4			1.0
Debt to capitalization including AOCI		18.7	%		17.9	%		19.2	%		19.5	%		19.2	%		0.5			(0.3	)
Investment yield, after-tax		3.9	%		4.0	%		4.1	%		4.2	%		4.0	%		0.1			(0.2	)		3.9	%		4.1	%		0.2
Ongoing Property & Casualty GAAP combined ratio		90.4			88.9			88.8			91.7			91.4			(1.0	)		0.3			89.5			90.7			(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.)

	THREE MONTHS ENDED															Year over			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30			Sept. 30			Year			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
LIFE
Retail Products Group
Individual Annuity	$	170		$	86		$	174		$	184		$	364			114	%		98	%	$	485		$	722			49	%
Other Retail		14			16			15			15			18			29	%		20	%		41			48			17	%
Total Retail Products Group		184			102			189			199			382			108	%		92	%		526			770			46	%
Retirement Plans		21			45			23			26			19			(10	%)		(27	%)		64			68			6	%
Institutional Solutions Group		24			24			33			29			39			63	%		34	%		75			101			35	%
Individual Life		46			31			46			44			63			37	%		43	%		139			153			10	%
Group Benefits		74			87			66			87			90			22	%		3	%		216			243			13	%
International		47			101			54			59			79			68	%		34	%		145			192			32	%
Other [1]		11			4			7			(9	)		10			(9	%)	NM				46			8			(83	%)
Total Life core earnings [2]	$	407		$	394		$	418		$	435		$	682			68	%		57	%	$	1,211		$	1,535			27	%
PROPERTY & CASUALTY
Ongoing Operations
Ongoing Operations Underwriting Results
Business Insurance	$	123		$	164		$	124		$	134		$	130			6	%		(3	%)	$	454		$	388			(15	%)
Personal Lines		89			108			130			84			78			(12	%)		(7	%)		321			292			(9	%)
Specialty Commercial		41			19			39			(1	)		17			(59	%)	NM				45			55			22	%
Total Ongoing Operations underwriting results		253			291			293			217			225			(11	%)		4	%		820			735			(10	%)
Net servicing income		15			8			11			14			16			7	%		14	%		45			41			(9	%)
Net investment income		299			339			351			385			346			16	%		(10	%)		886			1,082			22	%
Periodic net coupon settlements on credit derivatives, before-tax		1			2			3			3			5		NM				67	%		2			11		NM
Other expenses		(40	)		(54	)		(60	)		(56	)		(63	)		(58	%)		(13	%)		(168	)		(179	)		(7	%)
Income tax expense		(160	)		(174	)		(178	)		(165	)		(138	)		14	%		16	%		(470	)		(481	)		(2	%)
Ongoing Operations core earnings [1]	$	368		$	412		$	420		$	398		$	391			6	%		(2	%)	$	1,115		$	1,209			8	%
Other Operations core earnings [3]	$	3		$	36		$	28		$	(36	)	$	14		NM			NM			$	(88	)	$	6		NM
Total Property & Casualty core earnings	$	371		$	448		$	448		$	362		$	405			9	%		12	%	$	1,027		$	1,215			18	%
CORPORATE
Total Corporate core earnings [2]	$	(51	)	$	(74	)	$	(23	)	$	(33	)	$	(27	)		47	%		18	%	$	(141	)	$	(83	)		41	%
CONSOLIDATED
Core earnings	$	727		$	768		$	843		$	764		$	1,060			46	%		39	%	$	2,097		$	2,667			27	%
Add: Net realized capital gains (losses), after-tax [2], [4]		31			15			33			(137	)		(209	)	NM				(53	%)		(135	)		(313	)		(132	%)
Net income	$	758		$	783		$	876		$	627		$	851			12	%		36	%	$	1,962		$	2,354			20	%
PER SHARE DATA [5]
Diluted earnings per share
Core earnings	$	2.30		$	2.37		$	2.61		$	2.39		$	3.33			45	%		39	%	$	6.68		$	8.33			25	%
Net income	$	2.39		$	2.42		$	2.71		$	1.96		$	2.68			12	%		37	%	$	6.25		$	7.35			18	%

[1]	Included in the nine months ended September 30, 2006 in Life Core Earnings is a charge of $7, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Life Core Earnings is a charge of $21, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Ongoing Operations Core Earnings is a charge of $9, after-tax, to reserve for regulatory matters.
[2]	Included in the three months ended December 31, 2006 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $(17), $(13), and $(46), respectively, related to the effect of the unlock of deferred acquisition costs. Included in the three months ended September 30, 2007 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs. See L-1 for further details by Life segment.
[3]	The nine months ended September 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. The three months ended June 30, 2007 included a charge of $64, after-tax, principally as a result of an adverse arbitration decision. The three months ended September 30, 2007 included an environmental reserve increase of $16, after-tax.
[4]	Includes those net realized capital gains (losses) not included in core earnings. See pages C-9 and C-10 for further analysis.
[5]	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.)

	THREE MONTHS ENDED															Year Over			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Year			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
LIFE
Retail Products Group
Individual Annuity	$	170		$	86		$	174		$	184		$	364			114	%		98	%	$	485		$	722			49	%
Other Retail		14			16			15			15			18			29	%		20	%		41			48			17	%
Total Retail Products Group		184			102			189			199			382			108	%		92	%		526			770			46	%
Retirement Plans		21			45			23			26			19			(10	%)		(27	%)		64			68			6	%
Institutional Solutions Group		24			24			33			29			39			63	%		34	%		75			101			35	%
Individual Life		46			31			46			44			63			37	%		43	%		139			153			10	%
Group Benefits		74			87			66			87			90			22	%		3	%		216			243			13	%
International		47			101			54			59			79			68	%		34	%		145			192			32	%
Other [1]		11			4			7			(9	)		10			(9	%)	NM				46			8			(83	%)
Total Life core earnings [2]	$	407		$	394		$	418		$	435		$	682			68	%		57	%	$	1,211		$	1,535			27	%
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Business Insurance		128			156			142			122			109			(15	%)		(11	%)		472			373			(21	%)
Personal Lines		104			129			151			120			111			7	%		(8	%)		382			382			—
Specialty Commercial		43			20			32	��		15			26			(40	%)		73	%		87			73			(16	%)
Total Ongoing Operations underwriting results before catastrophes and prior year development		275			305			325			257			246			(11	%)		(4	%)		941			828			(12	%)
Catastrophes, excluding prior year development		(50	)		(35	)		(28	)		(52	)		(32	)		36	%		38	%		(164	)		(112	)		32	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		39			(4	)		5			(3	)		(8	)	NM				(167	%)		74			(6	)	NM
Other loss and loss adjustment expenses		(11	)		25			(9	)		15			19		NM				27	%		(31	)		25		NM
Total Ongoing Operations underwriting results		253			291			293			217			225			(11	%)		4	%		820			735			(10	%)
Net servicing income		15			8			11			14			16			7	%		14	%		45			41			(9	%)
Net investment income		299			339			351			385			346			16	%		(10	%)		886			1,082			22	%
Periodic net coupon settlements on credit derivatives, before-tax		1			2			3			3			5		NM				67	%		2			11		NM
Other expenses		(40	)		(54	)		(60	)		(56	)		(63	)		(58	%)		(13	%)		(168	)		(179	)		(7	%)
Income tax expense		(160	)		(174	)		(178	)		(165	)		(138	)		14	%		16	%		(470	)		(481	)		(2	%)
Ongoing Operations core earnings [1]	$	368		$	412		$	420		$	398		$	391			6	%		(2	%)	$	1,115		$	1,209			8	%
Other Operations core earnings [3]	$	3		$	36		$	28		$	(36	)	$	14		NM			NM			$	(88	)	$	6		NM
Total Property & Casualty core earnings	$	371		$	448		$	448		$	362		$	405			9	%		12	%	$	1,027		$	1,215			18	%
CORPORATE
Total Corporate core earnings [2]	$	(51	)	$	(74	)	$	(23	)	$	(33	)	$	(27	)		47	%		18	%	$	(141	)	$	(83	)		41	%
CONSOLIDATED
Core earnings	$	727		$	768		$	843		$	764		$	1,060			46	%		39	%	$	2,097		$	2,667			27	%
Add: Net realized capital gains (losses),   after-tax [2], [4]		31			15			33			(137	)		(209	)	NM				(53	%)		(135	)		(313	)		(132	%)
Net income	$	758		$	783		$	876		$	627		$	851			12	%		36	%	$	1,962		$	2,354			20	%

[1]	Included in the nine months ended September 30, 2006 in Life Core Earnings is a charge of $7, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Life Core Earnings is a charge of $21, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Ongoing Operations Core Earnings is a charge of $9, after-tax, to reserve for regulatory matters.
[2]	Included in the three months ended December 31, 2006 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $(17), $(13), and $(46), respectively, related to the effect of the unlock of deferred acquisition costs. Included in the three months ended September 30, 2007 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs. See L-1 for further details by Life segment.
[3]	The nine months ended September 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. The three months ended June 30, 2007 included a charge of $64, after-tax, principally as a result of an adverse arbitration decision. The three months ended September 30, 2007 included an environmental reserve increase of $16, after-tax.
[4]	Includes those net realized capital gains (losses) 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 SEPTEMBER 30, 2007 AND 2006

	LIFE								PROPERTY & CASUALTY								CORPORATE									CONSOLIDATED
	2007			2006		Change			2007			2006		Change			2007			2006			Change			2007			2006		Change
Earned premiums	$	1,434		$	1,129		27	%	$	2,628		$	2,632		—		$	—		$	—			—		$	4,062		$	3,761		8	%
Fee income		1,394			1,149		21	%		—			—		—			4			3			33	%		1,398			1,152		21	%
Net investment income
Securities available-for-sale and other		883			802		10	%		407			359		13	%		8			3			167	%		1,298			1,164		12	%
Equity securities held for trading [1]		(698	)		1,185	NM				—			—		—			—			—			—			(698	)		1,185	NM
Total net investment income		185			1,987		(91	%)		407			359		13	%		8			3			167	%		600			2,349		(74	%)
Other revenues		—			—		—			126			118		7	%		—			—			—			126			118		7	%
Net realized capital gains (losses)		(288	)		11	NM				(75	)		16	NM				—			—			—			(363	)		27	NM
Total revenues		2,725			4,276		(36	%)		3,086			3,125		(1	%)		12			6			100	%		5,823			7,407		(21	%)
Benefits, losses and loss adjustment expenses [1]		1,213			2,738		(56	%)		1,755			1,753		—			—			—			—			2,968			4,491		(34	%)
Amortization of deferred policy acquisition costs and present value of future profits		(49	)		308	NM				525			531		(1	%)		—			—			—			476			839		(43	%)
Insurance operating costs and expenses		807			675		20	%		166			157		6	%		—			—			—			973			832		17	%
Interest expense		1			—	NM				—			—		—			66			70			(6	%)		67			70		(4	%)
Other expenses [2]		3			6		(50	%)		174			143		22	%		(13	)		15		NM				164			164		—
Total benefits and expenses		1,975			3,727		(47	%)		2,620			2,584		1	%		53			85			(38	%)		4,648			6,396		(27	%)
Income (loss) before income taxes		750			549		37	%		466			541		(14	%)		(41	)		(79	)		48	%		1,175			1,011		16	%
Income tax expense (benefit)		225			121		86	%		113			160		(29	%)		(14	)		(28	)		50	%		324			253		28	%
Net income (loss)		525			428		23	%		353			381		(7	%)		(27	)		(51	)		47	%		851			758		12	%
Less: Net realized capital gains (losses), after-tax		(157	)		21	NM				(52	)		10	NM				—			—			—			(209	)		31	NM
Core earnings	$	682		$	407		68	%	$	405		$	371		9	%	$	(27	)	$	(51	)		47	%	$	1,060		$	727		46	%

[1]	Includes investment income and mark-to-market effects of equity securities held for trading supporting the international variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The three months ended September 30, 2007 included $5, $12 and $(17) in Life, Property and Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property and Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property and Casualty operations.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2006			Change			2007			2006			Change			2007			2006			Change			2007			2006			Change
Earned premiums	$	3,887		$	3,483			12	%	$	7,873		$	7,805			1	%	$	—		$	—			—		$	11,760		$	11,288			4	%
Fee income		4,013			3,423			17	%		—			—			—			13			9			44	%		4,026			3,432			17	%
Net investment income
Securities available-for-sale and other		2,619			2,359			11	%		1,266			1,081			17	%		22			9			144	%		3,907			3,449			13	%
Equity securities held for trading [1]		746			669			12	%		—			—			—			—			—			—			746			669			12	%
Total net investment income		3,365			3,028			11	%		1,266			1,081			17	%		22			9			144	%		4,653			4,118			13	%
Other revenues		—			—			—			368			355			4	%		—			1			(100	%)		368			356			3	%
Net realized capital losses		(486	)		(265	)		(83	%)		(76	)		(8	)	NM				(3	)		—		NM				(565	)		(273	)		(107	%)
Total revenues		10,779			9,669			11	%		9,431			9,233			2	%		32			19			68	%		20,242			18,921			7	%
Benefits, losses and loss adjustment expenses [1]		6,039			5,384			12	%		5,250			5,357			(2	%)		—			—			—			11,289			10,741			5	%
Amortization of deferred policy acquisition costs and present value of future profits		604			913			(34	%)		1,581			1,572			1	%		—			—			—			2,185			2,485			(12	%)
Insurance operating costs and expenses		2,332			1,953			19	%		494			405			22	%		—			—			—			2,826			2,358			20	%
Interest expense		2			—		NM				—			—			—			194			207			(6	%)		196			207			(5	%)
Other expenses		45			22			105	%		509			478			6	%		(32	)		30		NM				522			530			(2	%)
Total benefits and expenses		9,022			8,272			9	%		7,834			7,812			—			162			237			(32	%)		17,018			16,321			4	%
Income (loss) before income taxes		1,757			1,397			26	%		1,597			1,421			12	%		(130	)		(218	)		40	%		3,224			2,600			24	%
Income tax expense (benefit)		476			315			51	%		439			400			10	%		(45	)		(77	)		42	%		870			638			36	%
Net income (loss)		1,281			1,082			18	%		1,158			1,021			13	%		(85	)		(141	)		40	%		2,354			1,962			20	%
Less: Net realized capital losses, after-tax		(254	)		(129	)		(97	%)		(57	)		(6	)	NM				(2	)		—		NM				(313	)		(135	)		(132	%)
Core earnings	$	1,535		$	1,211			27	%	$	1,215		$	1,027			18	%	$	(83	)	$	(141	)		41	%	$	2,667		$	2,097			27	%

[1]	Includes investment income and mark-to-market effects of equity securities held for trading supporting the international variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The nine months ended September 30, 2007 included $23, $38 and $(61) in Life, Property and Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property and Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property and Casualty operations.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF SEPTEMBER 30, 2007 AND DECEMBER 31, 2006

	LIFE									PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	Sept. 30,			Dec. 31,						Sept. 30,		Dec. 31,					Sept. 30,			Dec. 31,						Sept. 30,			Dec. 31,
	2007			2006			Change			2007		2006		Change			2007			2006			Change			2007			2006		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	53,917		$	53,173			1	%	$	27,417	$	27,178		1	%	$	484		$	404			20	%	$	81,818		$	80,755		1	%
Equity securities, trading, at fair value		34,901			29,393			19	%		—		—		—			—			—			—			34,901			29,393		19	%
Equity securities, available-for-sale, at fair value		1,307			811			61	%		1,071		873		23	%		71			55			29	%		2,449			1,739		41	%
Policy loans, at outstanding balance		2,050			2,051			—			—		—		—			—			—			—			2,050			2,051		—
Mortgage loans on real estate		4,551			2,909			56	%		685		409		67	%		—			—			—			5,236			3,318		58	%
Other investments		1,483			1,077			38	%		1,217		840		45	%		38			—		NM				2,738			1,917		43	%
Total investments		98,209			89,414			10	%		30,390		29,300		4	%		593			459			29	%		129,192			119,173		8	%
Cash		1,769			1,199			48	%		183		225		(19	%)		—			—			—			1,952			1,424		37	%
Premiums receivable and agents’ balances		403			424			(5	%)		3,363		3,251		3	%		—			—			—			3,766			3,675		2	%
Reinsurance recoverables		1,235			1,106			12	%		3,928		4,465		(12	%)		—			—			—			5,163			5,571		(7	%)
Deferred policy acquisition costs and present value of future profits		10,275			9,070			13	%		1,223		1,197		2	%		1			1			—			11,499			10,268		12	%
Deferred income taxes		(724	)		(717	)		(1	%)		633		608		4	%		370			393			(6	%)		279			284		(2	%)
Goodwill		805			796			1	%		149		149		—			772			772			—			1,726			1,717		1	%
Property and equipment, net		372			248			50	%		569		543		5	%		—			—			—			941			791		19	%
Other assets		2,150			1,724			25	%		1,462		1,281		14	%		448			318			41	%		4,060			3,323		22	%
Separate account assets		197,877			180,484			10	%		—		—		—			—			—			—			197,877			180,484		10	%
Total assets	$	312,371		$	283,748			10	%	$	41,900	$	41,019		2	%	$	2,184		$	1,943			12	%	$	356,455		$	326,710		9	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	15,007		$	14,016			7	%	$	22,197	$	21,991		1	%	$	—		$	—			—		$	37,204		$	36,007		3	%
Other policyholder funds and benefits payable		78,925			71,311			11	%		—		—		—			—			—			—			78,925			71,311		11	%
Unearned premiums		141			103			37	%		5,540		5,522		—			(4	)		(5	)		20	%		5,677			5,620		1	%
Debt		114			—		NM				—		—		—			4,378			4,103			7	%		4,492			4,103		9	%
Consumer notes		723			258			180	%		—		—		—			—			—			—			723			258		180	%
Other liabilities		8,195			6,012			36	%		4,883		3,321		47	%		(471	)		718		NM				12,607			10,051		25	%
Separate account liabilities		197,877			180,484			10	%		—		—		—			—			—			—			197,877			180,484		10	%
Total liabilities		300,982			272,184			11	%		32,620		30,834		6	%		3,903			4,816			(19	%)		337,505			307,834		10	%
Equity excluding AOCI, net of tax		11,619			11,177			4	%		9,214		9,851		(6	%)		(1,217	)		(2,330	)		48	%		19,616			18,698		5	%
AOCI, net of tax		(230	)		387		NM				66		334		(80	%)		(502	)		(543	)		8	%		(666	)		178	NM
Total stockholders’ equity		11,389			11,564			(2	%)		9,280		10,185		(9	%)		(1,719	)		(2,873	)		40	%		18,950			18,876		—
Total liabilities and stockholders’ equity	$	312,371		$	283,748			10	%	$	41,900	$	41,019		2	%	$	2,184		$	1,943			12	%	$	356,455		$	326,710		9	%

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over			Sequential
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Year			3 Month
	2006			2006			2007			2007			2007			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligation)	$	995		$	599		$	468		$	423		$	822			(17	%)		94	%
Capital lease obligation		—			—			—			90			90
Senior notes		2,263			3,504			4,004			4,005			3,580			58	%		(11	%)
Subtotal		3,258			4,103			4,472			4,518			4,492			38	%		(1	%)
Equity unit notes		330			—			—			—			—			(100	%)		—
Junior subordinated debentures		488			—			—			—			—			(100	%)		—
Total debt [1]	$	4,076		$	4,103		$	4,472		$	4,518		$	4,492			10	%		(1	%)
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	17,669		$	18,698		$	18,674		$	19,249		$	19,616			11	%		2	%
AOCI, net of tax		64			178			177			(601	)		(666	)	NM				(11	%)
Total stockholders’ equity	$	17,733		$	18,876		$	18,851		$	18,648		$	18,950			7	%		2	%
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	21,809		$	22,979		$	23,323		$	23,166		$	23,442			7	%		1	%
Total capitalization excluding AOCI, net of tax	$	21,745		$	22,801		$	23,146		$	23,767		$	24,108			11	%		1	%
DEBT TO CAPITALIZATION RATIOS
Ratios Including AOCI
Total debt to capitalization		18.7	%		17.9	%		19.2	%		19.5	%		19.2	%		0.5			(0.3	)
Ratios Excluding AOCI
Total debt to capitalization		18.7	%		18.0	%		19.3	%		19.0	%		18.6	%		(0.1	)		(0.4	)
Debt (including the adjusted unfunded pension liability, six times rental expense on     operating leases and 75% equity credit on equity units) to capitalization [2] [3]		22.7	%		22.1	%		23.3	%		22.6	%		22.2	%		(0.5	)		(0.4	)

[1]	The Hartford began issuing consumer notes in September 2006, which have been excluded from total debt for capital structure analysis. Consumer notes were $41, $258, $435, $588, and $723 as of September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007, and September 30, 2007, respectively.
[2]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit to the forward purchase contracts of $330 underlying equity units as of September 30, 2006.
[3]	Reflects a rating agency assignment in the leverage calculation of an estimate of the adjusted unfunded pension liability of the Company’s defined benefit plans and six times the Company’s rental expense on operating leases for total adjustments of $1.4 billion, $1.2 billion, $1.2 billion, $1.1 billion and $1.1 billion for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007, and September 30, 2007, respectively.

C-6

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

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of September 30, 2007
Fixed maturities unrealized gain	$	(22	)	$	(3	)	$	1		$	(24	)
Equities unrealized gain		13			89			10			112
Net deferred loss on cash—flow hedging instruments		(228	)		(26	)		—			(254	)
Total unrealized gain		(237	)		60			11			(166	)
Foreign currency translation adjustments		7			(16	)		—			(9	)
Pension and other postretirement adjustment		—			22			(513	)		(491	)
Total accumulated other comprehensive income (loss)	$	(230	)	$	66		$	(502	)	$	(666	)
As of December 31, 2006
Fixed maturities unrealized gain	$	613		$	313		$	—		$	926
Equities unrealized gain		20			105			7			132
Net deferred loss on cash—flow hedging instruments		(208	)		(26	)		—			(234	)
Total unrealized gain		425			392			7			824
Foreign currency translation adjustments		(38	)		(82	)		—			(120	)
Pension and other postretirement adjustment		—			24			(550	)		(526	)
Total accumulated other comprehensive income (loss)	$	387		$	334		$	(543	)	$	178

C-7

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

	THREE MONTHS ENDED												NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,			Sept. 30,			September 30,
	2006		2006		2007		2007			2007			2006			2007
Numerator:
Net income	$	758	$	783	$	876	$	627		$	851		$	1,962		$	2,354
Less: Net realized capital gains (losses), after—tax		31		15		33		(137	)		(209	)		(135	)		(313	)
Core earnings		727		768		843		764			1,060			2,097			2,667
Denominator:
Weighted average common shares outstanding (basic)		310.0		319.7		319.6		316.8			315.4			306.0			317.3
Dilutive effect of equity units		3.8		1.0		—		—			—			5.2			—
Dilutive effect of stock compensation		2.9		3.2		3.1		2.8			2.6			2.9			2.8
Weighted average common shares outstanding and dilutive potential common shares (diluted)		316.7		323.9		322.7		319.6			318.0			314.1			320.1
Basic earnings per share
Net income	$	2.45	$	2.45	$	2.74	$	1.98		$	2.70		$	6.41		$	7.42
Less: Net realized capital gains (losses), after—tax		0.10		0.05		0.10		(0.43	)		(0.66	)		(0.44	)		(0.99	)
Core earnings		2.35		2.40		2.64		2.41			3.36			6.85			8.41
Diluted earnings per share
Net income	$	2.39	$	2.42		2.71		1.96			2.68		$	6.25		$	7.35
Less: Net realized capital gains (losses), after—tax		0.09		0.05		0.10		(0.43	)		(0.65	)		(0.43	)		(0.98	)
Core earnings		2.30		2.37		2.61		2.39			3.33			6.68			8.33

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS AND LOSSES
THREE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

THREE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

	LIFE									PROPERTY & CASUALTY								CORPORATE						CONSOLIDATED
	2007			2006			Change			2007			2006			Change		2007		2006		Change		2007			2006			Change
Net Realized Capital Gains (Losses) Excluded from Core Earnings, Before Tax and DAC
Net gains (losses) on sales	$	(20	)	$	(5	)	NM			$	(5	)	$	1		NM		$	—	$	—		—	$	(25	)	$	(4	)	NM
Impairments
Credit Related		(31	)		(3	)	NM				(11	)		—		NM			—		—		—		(42	)		(3	)	NM
Other [1]		(44	)		(14	)	NM				(24	)		(4	)	NM			—		—		—		(68	)		(18	)	NM
Total impairments		(75	)		(17	)	NM				(35	)		(4	)	NM			—		—		—		(110	)		(21	)	NM
Japanese fixed annuity, net [2]		15			38			(61	%)		—			—			—		—		—		—		15			38			(61	%)
GMWB derivatives, net [3]		(139	)		9		NM				—			—			—		—		—		—		(139	)		9		NM
Other [4]		(60	)		(2	)	NM				(40	)		18		NM			—		—		—		(100	)		16		NM
Total net realized capital gains (losses) excluded from core earnings,before tax and DAC		(279	)		23		NM				(80	)		15		NM			—		—		—		(359	)		38		NM
Impacts of tax and deferred policy acquisition costs (“DAC”)		122			(2	)	NM				28			(5	)	NM			—		—		—		150			(7	)	NM
Total net realized capital gains (losses) excluded from core earnings,after tax and DAC	$	(157	)	$	21		NM			$	(52	)	$	10		NM		$	—	$	—		—	$	(209	)	$	31		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	$	(279	)	$	23		NM			$	(80	)	$	15		NM		$	—	$	—		—	$	(359	)	$	38		NM
Total net realized capital gains (losses) included in core earnings		(9	)		(12	)		25	%		5			1		NM			—		—		—		(4	)		(11	)		64	%
Total net realized capital gains (losses)	$	(288	)	$	11		NM			$	(75	)	$	16		NM		$	—	$	—		—	$	(363	)	$	27		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 loss of $25 would have been recognized as an offset to this amount in the three months ended September 30, 2007.
[3]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[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
NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006

	LIFE									PROPERTY & CASUALTY									CORPORATE							CONSOLIDATED
	2007			2006			Change			2007			2006			Change			2007			2006		Change		2007			2006			Change
Net Realized Capital Gains (Losses) Excluded from Core Earnings, Before Tax and DAC
Net gains (losses) on sales	$	(4	)	$	(57	)		93	%	$	23		$	3		NM			$	—		$	—		—	$	19		$	(54	)	NM
Impairments
Credit Related		(43	)		(3	)	NM				(21	)		—		NM				—			—		—		(64	)		(3	)	NM
Other [1]		(66	)		(66	)		—			(35	)		(41	)		15	%		—			—		—		(101	)		(107	)		6	%
Total impairments		(109	)		(69	)		(58	%)		(56	)		(41	)		(37	%)		—			—		—		(165	)		(110	)		(50	%)
Japanese fixed annuity, net [2]		3			(20	)	NM				—			—			—			—			—		—		3			(20	)	NM
GMWB derivatives, net [3]		(250	)		(26	)	NM				—			—			—			—			—		—		(250	)		(26	)	NM
Other [4]		(92	)		(59	)		(56	%)		(54	)		28		NM				(3	)		—	NM			(149	)		(31	)	NM
Total net realized capital gains (losses) excluded from core earnings, before tax and DAC		(452	)		(231	)		(96	%)		(87	)		(10	)	NM				(3	)		—	NM			(542	)		(241	)		(125	%)
Impacts of tax and deferred policy acquisition costs (“DAC”)		198			102			94	%		30			4		NM				1			—	NM			229			106			116	%
Total net realized capital gains (losses) excluded from core earnings, after tax and DAC	$	(254	)	$	(129	)		(97	%)	$	(57	)	$	(6	)	NM			$	(2	)	$	—	NM		$	(313	)	$	(135	)		(132	%)
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	$	(452	)	$	(231	)		(96	%)	$	(87	)	$	(10	)	NM			$	(3	)	$	—	NM		$	(542	)	$	(241	)		(125	%)
Total net realized capital gains (losses) included in core earnings		(34	)		(34	)		—			11			2		NM				—			—		—		(23	)		(32	)		28	%
Total net realized capital gains (losses)	$	(486	)	$	(265	)		(83	%)	$	(76	)	$	(8	)	NM			$	(3	)	$	—	NM		$	(565	)	$	(273	)		(107	%)

[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 $3 would have been recognized as an offset to this amount in the nine months ended September 30, 2007.
[3]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[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

	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,
	2006			2006			2007			2007			2007
Numerator [1]:
Net income — last 12 months	$	2,429		$	2,745		$	2,893		$	3,044		$	3,137
Core earnings — last 12 months	$	2,595		$	2,865		$	2,911		$	3,102		$	3,435
Denominator [2]:
Average equity, including AOCI		16,521.5			17,100.5			17,130.5			17,015.5			18,341.5
Less: Average AOCI		328.5			134.0			(140.0	)		(762.5	)		(301.0	)
Average equity, excluding AOCI		16,193.0			16,966.5			17,270.5			17,778.0			18,642.5
ROE (net income last 12 months to equity including AOCI)		14.7	%		16.1	%		16.9	%		17.9	%		17.1	%
ROE (core earnings last 12 months to equity excluding AOCI)		16.0	%		16.9	%		16.9	%		17.4	%		18.4	%

[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.

C-11

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
REVENUES
Retail Products Group
Individual Annuity [1], [2]	$	691		$	714		$	721		$	765		$	773			12	%		1	%	$	2,091		$	2,259			8	%
Other Retail		158			177			183			200			207			31	%		4	%		475			590			24	%
Total Retail Products Group		849			891			904			965			980			15	%		2	%		2,566			2,849			11	%
Retirement Plans		131			139			143			150			151			15	%		1	%		399			444			11	%
Institutional Solutions Group		429			415			517			548			829			93	%		51	%		1,314			1,894			44	%
Individual Life [1], [2]		271			342			285			289			282			4	%		(2	%)		817			856			5	%
Group Benefits		1,137			1,161			1,201			1,207			1,178			4	%		(2	%)		3,398			3,586			6	%
International		194			201			206			216			229			18	%		6	%		558			651			17	%
Other		80			91			105			(126	)		(226	)	NM				(79	%)		(52	)		(247	)	NM
Total revenues before net investment income on equity securities held for trading		3,091			3,240			3,361			3,249			3,423			11	%		5	%		9,000			10,033			11	%
Net investment income on equity securities held for trading [3]		1,185			1,155			210			1,234			(698	)	NM			NM				669			746			12	%
Total revenues	$	4,276		$	4,395		$	3,571		$	4,483		$	2,725			(36	%)		(39	%)	$	9,669		$	10,779			11	%
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [4], [5]	$	170		$	86		$	174		$	184		$	364			114	%		98	%	$	485		$	722			49	%
Other Retail		14			16			15			15			18			29	%		20	%		41			48			17	%
Total Retail Products Group		184			102			189			199			382			108	%		92	%		526			770			46	%
Retirement Plans [4], [5]		21			45			23			26			19			(10	%)		(27	%)		64			68			6	%
Institutional Solutions Group		24			24			33			29			39			63	%		34	%		75			101			35	%
Individual Life [4], [5]		46			31			46			44			63			37	%		43	%		139			153			10	%
Group Benefits		74			87			66			87			90			22	%		3	%		216			243			13	%
International [4], [5]		47			101			54			59			79			68	%		34	%		145			192			32	%
Other [6], [7]		11			4			7			(9	)		10			(9	%)	NM				46			8			(83	%)
Core earnings		407			394			418			435			682			68	%		57	%		1,211			1,535			27	%
Net realized gains (losses), net of tax, included in net income of Other [4], [5]		21			(35	)		20			(117	)		(157	)	NM				(34	%)		(129	)		(254	)		(97	%)
Net income	$	428		$	359		$	438		$	318		$	525			23	%		65	%	$	1,082		$	1,281			18	%
ROE (core earnings last 12 months to equity excluding AOCI)		17.7	%		18.0	%		18.6	%		18.5	%		21.1	%		3.4			2.6
Assets under management	$	302,312		$	327,480		$	335,792		$	353,563		$	367,002			21	%		4	%
DAC capitalization	$	441		$	503		$	524		$	522		$	524						—
DAC amortization	$	308		$	539		$	344		$	309		$	(49	)				NM
DAC and PVFP assets	$	9,125		$	9,070		$	9,158		$	9,516		$	10,275						8	%
United States Statutory surplus ($ in billions) [8]	$	4.6		$	4.7		$	4.8		$	4.8		$	4.9

[1]	Includes benefits of $7 and $31, after tax, recorded in the three months ended December 31, 2006 for the unlock of unearned revenue reserves and reinsurance premiums, in Individual Annuity and Individual Life, respectively.
[2]	Includes charges of $5 and $8, after tax, recorded in the three months and nine months ended September 30, 2007 for the unlock of unearned revenue reserves, in Individual Annuity and Individual Life, respectively.
[3]	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.
[4]	Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees, recorded in the three months ended December 31, 2006. The after-tax benefits (charges) recorded in Individual Annuity, Retirement Plans, Individual Life, International and Net realized gains (losses) were ($72), $20, ($18), $53 and ($46), respectively.
[5]	Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees, recorded in the three months ended September 30, 2007. The after-tax benefits (charges) recorded in Individual Annuity, Retail Other, Retirement Plans, Instituional Solutions Group, Individual Life, International and Net realized gains (losses) were $198, ($1), ($9), $1, $16, $22 and ($17), respectively.
[6]	Included in the nine months ended September 30, 2006 is a charge of $7, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 is a charge of $21, after-tax, to reserve for regulatory matters.
[7]	Included in the nine months ended September 30, 2006 is a $34 benefit, after-tax, due to a reduction in litigation reserves related to leveraged corporate owned life insurance products.
[8]	Estimated United States statutory surplus at September 30, 2007 .

L - 1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

														Year Over
	THREE MONTHS ENDED													Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,			March 31,		June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006		2006			2007		2007			2007			Change			Change			2006			2007			Change
REVENUES
Earned premiums	$	1,129	$	1,107		$	1,208	$	1,245		$	1,434			27	%		15	%	$	3,483		$	3,887			12	%
Fee income		1,149		1,303			1,278		1,341			1,394			21	%		4	%		3,423			4,013			17	%
Net investment income
Securities available-for-sale and other		802		825			852		884			883			10	%		—			2,359			2,619			11	%
Equity securities held for trading [1]		1,185		1,155			210		1,234			(698	)	NM			NM				669			746			12	%
Total net investment income		1,987		1,980			1,062		2,118			185			(91	%)		(91	%)		3,028			3,365			11	%
Net realized capital gains (losses)		11		5			23		(221	)		(288	)	NM				(30	%)		(265	)		(486	)		(83	%)
Total revenues		4,276		4,395			3,571		4,483			2,725			(36	%)		(39	%)		9,669			10,779			11	%
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [1]		2,738		2,656			1,868		2,958			1,213			(56	%)		(59	%)		5,384			6,039			12	%
Amortization of deferred policy acquisition costs and present value of future profits		308		539			344		309			(49	)	NM			NM				913			604			(34	%)
Insurance operating costs and other expenses		681		733			767		801			811			19	%		1	%		1,975			2,379			20	%
Total benefits and expenses		3,727		3,928			2,979		4,068			1,975			(47	%)		(51	%)		8,272			9,022			9	%
NET INCOME
Income before income taxes		549		467			592		415			750			37	%		81	%		1,397			1,757			26	%
Income tax expense		121		108			154		97			225			86	%		132	%		315			476			51	%
Net income		428		359			438		318			525			23	%		65	%		1,082			1,281			18	%
Less: net realized gains (losses), net of tax, included in income of Other		21		(35	)		20		(117	)		(157	)	NM				(34	%)		(129	)		(254	)		(97	%)
Core earnings	$	407	$	394		$	418	$	435		$	682			68	%		57	%		1,211			1,535			27	%

[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, losses and loss adjustment expenses.

L - 2

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

												Year Over
												Year			Sequential
	Sept. 30,			Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
TOTAL ASSETS UNDER MANAGEMENT	2006			2006		2007		2007		2007		Change			Change
Assets
General account	$	100,137		$	103,264	$	107,638	$	109,937	$	114,494		14	%		4	%
Separate account		162,901			180,484		181,726		191,814		197,877		21	%		3	%
Total assets		263,038			283,748		289,364		301,751		312,371		19	%		4	%
Mutual fund assets		39,274			43,732		46,428		51,812		54,631		39	%		5	%
Total assets under management	$	302,312	��	$	327,480	$	335,792	$	353,563	$	367,002		21	%		4	%

L - 3

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

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month
	2006			2006			2007			2007			2007			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	51,869		$	53,173		$	53,942		$	53,782		$	53,917			4	%		—
Equity securities, trading, at fair value		27,863			29,393			30,805			31,843			34,901			25	%		10	%
Equity securities, available-for-sale, at fair value		771			811			1,298			1,387			1,307			70	%		(6	%)
Policy loans, at outstanding balance		2,057			2,051			2,099			2,052			2,050			—			—
Mortgage loans on real estate		2,451			2,909			3,509			4,236			4,551			86	%		7	%
Other investments		920			1,077			1,263			1,330			1,483			61	%		12	%
Total investments		85,931			89,414			92,916			94,630			98,209			14	%		4	%
Cash		1,198			1,199			1,561			1,434			1,769			48	%		23	%
Premiums receivable and agents’ balances		378			424			455			413			403			7	%		(2	%)
Reinsurance recoverables		805			1,106			1,112			1,165			1,235			53	%		6	%
Deferred policy acquisition costs and present value of future profits		9,125			9,070			9,158			9,516			10,275			13	%		8	%
Deferred income taxes		(685	)		(717	)		(763	)		(510	)		(724	)		(6	%)		(42	%)
Goodwill		796			796			805			805			805			1	%		—
Property and equipment, net		230			248			257			358			372			62	%		4	%
Other assets		2,359			1,724			2,137			2,126			2,150			(9	%)		1	%
Separate account assets		162,901			180,484			181,726			191,814			197,877			21	%		3	%
Total assets	$	263,038		$	283,748		$	289,364		$	301,751		$	312,371			19	%		4	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	13,662		$	14,016		$	14,255		$	14,630		$	15,007			10	%		3	%
Other policyholder funds and benefits payable		69,296			71,311			73,465			74,796			78,925			14	%		6	%
Unearned premiums		86			103			124			132			141			64	%		7	%
Consumer Notes		41			258			435			588			723		NM				23	%
Debt		0			0			0			114			114			—			—
Other liabilities		5,823			6,012			8,499			8,774			8,195			41	%		(7	%)
Separate account liabilities		162,901			180,484			181,726			191,814			197,877			21	%		3	%
Total liabilities		251,809			272,184			278,504			290,848			300,982			20	%		3	%
Equity excluding AOCI, net of tax		10,847			11,177			10,483			11,025			11,619			7	%		5	%
AOCI, net of tax		382			387			377			(122	)		(230	)	NM				(89	%)
Total stockholders’ equity		11,229			11,564			10,860			10,903			11,389			1	%		4	%
Total liabilities and stockholders’ equity	$	263,038		$	283,748		$	289,364		$	301,751		$	312,371			19	%		4	%
Hartford Life and Accident Insurance Company NAIC RBC					387	%
Hartford Life Insurance Company NAIC RBC					463	%
Hartford Life and Annuity Insurance Company NAIC RBC					1108	%

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, 2006	$	4,586		$	120		$	538		$	111		$	2,113		$	118		$	1,509		$	(25	)	$	9,070
Adjustments to unrealized gains and losses on securities available — for — sale and other		17			—			(2	)		—			47			—			3			—			65
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,603			120			536			111			2,160			118			1,512			(25	)		9,135
Cumulative effect of accounting changes (SOP 05-1) (Pre-tax)		(16	)		—			(4	)		—			—			(59	)		—			—			(79	)
Capitalization		654			76			100			41			262			52			385			—			1,570
Amortization — Deferred Policy Acquisition Costs		(564	)		(63	)		(28	)		(21	)		(112	)		(48	)		(178	)		—			(1,014	)
Amortization — Present Value of Future Profits		1			—			—			—			(3	)		—			—			—			(2	)
Amortization — Realized Capital Gains		—			—			—			—			—			—			—			85			85
Amortization — Unlock		305			(2	)		(14	)		2			37			—			25			(26	)		327
Effect of Currency Translation Adjustment		—			—			—			—			—			—			61						61
Balance, September 30, 2007		4,983			131			590			133			2,344			63			1,805			34			10,083
Adjustments to unrealized gains and losses on   securities available — for — sale and other		68			4			31			5			12			—			72			—			192
Balance, September 30, 2007 including adjustments to unrealized   gains and losses on securities available-for-sale and other	$	5,051		$	135		$	621		$	138		$	2,356		$	63		$	1,877		$	34		$	10,275

				Other						Institutional
	Individual			Retail Products			Retirement			Solutions			Individual			Group					Other						HFSG			Total
Effect of Unlock [2] — September 30, 2007	Annuity			Group			Plans			Group			Life			Benefits		International			Life			Total Life			Corporate [1]			Company
Mutual Fund and Other Fees	$	(8	)	$	—		$	—		$	—		$	(13	)	$	—	$	—		$	—		$	(21	)	$	—		$	(21	)
Reinsurance Premiums		—			—			—			—			—			—		—			—			—			—			—
Death Benefits		6			—			—			—			—			—		(9	)		—			(3	)		—			(3	)
Sales Inducements		(14	)		—			—			—			—			—		—			—			(14	)		—			(14	)
Amortization of deferred policy acquisition costs and present value of future profits		(305	)		2			14			(2	)		(37	)		—		(25	)		26			(327	)		—			(327	)
Other Expenses		—			—			—			—			—			—		—			—			—			(5	)		(5	)
Effect of Unlock on Income before income taxes		305			(2	)		(14	)		2			24			—		34			(26	)		323			5			328
Income tax expense (benefit)		107			(1	)		(5	)		1			8			—		12			(9	)		113			2			115
Effect of Unlock on Net Income		198			(1	)		(9	)		1			16			—		22			(17	)		210			3			213
Less; net realized gains (losses), net of tax, included in net income of Other		—			—			—			—			—			—		—			(17	)		(17	)		—			(17	)
Effect of Unlock on Core Earnings	$	198		$	(1	)	$	(9	)	$	1		$	16		$	—	$	22		$	—		$	227		$	3		$	230

[1]	In HFSG Corporate, revisions to estimated gross profits affect the purchase accounting adjustments made in connection with the buyback of Hartford Life, Inc. shares in 2000.
[2]	For purposes of this schedule increases to revenue amounts are positive; increases to expense amounts are positive; and increases to income before taxes, net income and core earnings are positive.

L - 5

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

	As of September 30, 2007
	ACCOUNT		NET AMT AT		% of NAR
BREAKDOWN OF VARIABLE ANNUITY ACCOUNT VALUE BY BENEFIT TYPE	VALUE		RISK		REINSURED			RETAINED NAR
Maximum anniversary value (MAV) [1]
MAV only	$	50,944	$	3,138		91	%	$	280
with 5% rollup [2]		3,626		249		80	%		51
with Earnings Protection Benefit Rider (EPB) [3]		5,765		603		84	%		95
with 5% rollup & EPB		1,408		170		81	%		33
Total MAV		61,743		4,160		89	%		459
Asset Protection Benefit (APB) [4]		43,053		135		48	%		70
Lifetime Income Benefit (LIB) — Death Benefit [5]		9,034		27		—	%		27
Reset [6] (5-7 years)		6,541		87		—	%		87
Return of Premium [7]/Other		10,572		28		4	%		27
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	130,943	$	4,437		85	%	$	670
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		34,888		207		37	%		130
TOTAL	$	165,831	$	4,644		83	%	$	800

	As of		As of		As of		As of		As of
	September 30,		December 31,		March 31,		June 30,		September 30,
OTHER DATA	2006		2006		2007		2007		2007
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,335.85		1,418.30		1,420.86		1,503.35		1,526.75
Total Account Value	$	115,610	$	121,807	$	122,858	$	129,260	$	130,943
Retained net amount of risk		985		824		782		701		670
GMDB net GAAP liability [9]		134		159		166		175		191
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	28,265	$	29,653	$	31,148	$	32,050	$	34,888
Retained net amount of risk		53		19		35		14		130
GMDB/GMIB net GAAP liability [9]		70		31		34		35		30

[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 age 80 or 100% of adjusted premiums.
[3]	EPB: the death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB: the death benefit is the greatest of current account value 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 80) paid in a single lump sum. The income benefit is a guarantee to return initial investment, which is adjusted for earnings liquidity, paid through a fixed annuity after a minimum deferral period of 10, 15 or 20 years. The guaranteed remaining balance related to the Japan GMIB was $25.2 billion and $22.6 billion as of September 30, 2007 and December 31, 2006 respectively.
[9]	Includes the increase (decrease) to GMDB/GMIB liability as a result of the unlock recorded in the three months ended December 31, 2006 for U.S. and Japan variable annuity business of $18 and ($41), respectively. Includes the increase (decrease) to GMDB/GMIB liability as a result of the unlock recorded in the three months ended September 30, 2007 for U.S. and Japan variable annuity business of $6 and ($9), respectively.

L - 6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of June 30, 2007

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	1,899
Liability for reinsurance in unauthorized companies		(9	)
Net statutory reinsurance reserve credit	$	1,890
Statutory amounts recoverable from reinsurers	$	139

The top ten reinsurers represent $1,857 or 98% of the total statutory reserve credit and amounts recoverable.

• 4% of this amount is with reinsurers rated “A++” by A.M. Best at October 16, 2007.

• 63% of this amount is with reinsurers rated “A+” by A.M. Best at October 16, 2007.

• 31% of this amount is with reinsurers rated “A-” by A.M. Best at October 16, 2007.

• 2% of this amount is with reinsurers rated “B++” by A.M. Best at October 16, 2007.

L - 7

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

	June 30, 2007			December 31, 2006
Statutory Capital and Surplus	$	4,780		$	4,734
GAAP Adjustments
Investment in subsidiaries		(53	)		(265	)
Deferred policy acquisition costs		9,516			9,070
Deferred taxes		(738	)		(936	)
Benefit reserves		(3,520	)		(3,425	)
Unrealized gains on investments, net of impairments		521			1,214
Asset valuation reserve and interest maintenance reserve		636			686
Goodwill		629			585
Other, net		(868	)		(99	)
GAAP Stockholders’ Equity	$	10,903		$	11,564

L - 8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
Revenues	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Premiums and other considerations
Variable annuity fees	$	475		$	503		$	507		$	542		$	548			15	%		1	%	$	1,410		$	1,597			13	%
Mutual fund and other fees [3]		31			36			37			36			28			(10	%)		(22	%)		96			101			5	%
Total fee income		506			539			544			578			576			14	%		—			1,506			1,698			13	%
Direct premiums		12			5			14			21			24			100	%		14	%		49			59			20	%
Reinsurance premiums [3]		(35	)		(33	)		(35	)		(35	)		(37	)		(6	%)		(6	%)		(107	)		(107	)		—
Net premiums		(23	)		(28	)		(21	)		(14	)		(13	)		43	%		7	%		(58	)		(48	)		17	%
Total premiums and other considerations		483			511			523			564			563			17	%		—			1,448			1,650			14	%
Net investment income
Net investment income on G/A assets		226			222			227			229			237			5	%		3	%		695			693			—
Net investment income on assigned capital		16			16			11			12			12			(25	%)		—			47			35			(26	%)
Charge for invested capital		(35	)		(38	)		(38	)		(38	)		(39	)		(11	%)		(3	%)		(105	)		(115	)		(10	%)
Total net investment income		207			200			200			203			210			1	%		3	%		637			613			(4	%)
Net realized capital gains (losses)		1			3			(2	)		(2	)		—			(100	%)		100	%		6			(4	)	NM
Total revenues		691			714			721			765			773			12	%		1	%		2,091			2,259			8	%
Benefits and Expenses
Benefits and losses
Death benefits [3]		9			30			12			10			16			78	%		60	%		27			38			41	%
Other contract benefits		15			15			15			15			18			20	%		20	%		60			48			(20	%)
Change in reserve		3			(6	)		2			13			18		NM				38	%		8			33		NM
Sales inducements [3]		12			10			13			16			2			(83	%)		(88	%)		35			31			(11	%)
Interest credited on G/A assets		158			159			154			149			156			(1	%)		5	%		481			459			(5	%)
Total benefits and losses		197			208			196			203			210			7	%		3	%		611			609			—
Other insurance expenses
Commissions & wholesaling expenses		257			284			296			316			304			18	%		(4	%)		802			916			14	%
Operating expenses		53			56			51			60			55			4	%		(8	%)		150			166			11	%
Premium taxes and other expenses		4			(2	)		5			4			2			(50	%)		(50	%)		12			11			(8	%)
Subtotal — expenses before deferral		314			338			352			380			361			15	%		(5	%)		964			1,093			13	%
Deferred policy acquisition costs		(187	)		(206	)		(217	)		(225	)		(212	)		(13	%)		6	%		(602	)		(654	)		(9	%)
Total other insurance expense		127			132			135			155			149			17	%		(4	%)		362			439			21	%
Amortization of deferred policy acquisition costs [3]		184			304			183			186			(111	)	NM			NM				563			258			(54	%)
Total benefits and expenses		508			644			514			544			248			(51	%)		(54	%)		1,536			1,306			(15	%)
Income before income taxes		183			70			207			221			525			187	%		138	%		555			953			72	%
Income tax expense (benefit) [1] [3]		13			(16	)		33			37			161		NM			NM				70			231		NM
Net income [2] [3]	$	170		$	86		$	174		$	184		$	364			114	%		98	%	$	485		$	722			49	%

[1]	The three and nine months ended September 30, 2006 includes an additonal $14 of tax benefits related to DRD and foreign tax credit. The three months ended September 30, 2007 includes a $12 tax charge related to DRD.
[2]	Net income equals core earnings for this segment.
[3]	The DAC unlock recorded in the three months ended December 31, 2006 and September 30, 2007 (decreased)/increased net income by $(72) and $198, respectively. The effect on each income statement line item is as follows:

	December 31, 2006			September 30, 2007
Mutual Fund and Other Fees	$	8		$	(8	)
Reinsurance Premiums		3			—
Death Benefits		18			6
Sales Inducements		(4	)		(14	)
Amortization of deferred policy acquisition costs		108			(305	)
Income tax expense (benefit)		(39	)		107

L - 9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
Revenues	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Premiums and other considerations
Variable annuity fees	$	1		$	3		$	3		$	4		$	4		NM				—		$	7		$	11			57	%
Mutual fund and other fees		156			174			183			199			208			33	%		5	%		468			590			26	%
Total fee income		157			177			186			203			212			35	%		4	%		475			601			27	%
Net investment income
Net investment income on G/A assets		1			—			—			—			(3	)	NM				—			2			(3	)	NM
Net investment income on assigned capital		—			—			(3	)		(3	)		(2	)		—			33	%		—			(8	)		—
Total net investment income		1			—			(3	)		(3	)		(5	)	NM				(67	%)		2			(11	)	NM
Net realized capital (losses)		—			—			—			—			—			—			—			(2	)		—			100	%
Total revenues		158			177			183			200			207			31	%		4	%		475			590			24	%
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		107			125			133			146			143			34	%		(2	%)		336			422			26	%
Operating expenses		26		��	29			29			33			34			31	%		3	%		78			96			23	%
Premium taxes and other expenses		3			4			4			3			2			(33	%)		(33	%)		15			9			(40	%)
Subtotal — expenses before deferral		136			158			166			182			179			32	%		(2	%)		429			527			23	%
Deferred policy acquisition costs		(18	)		(24	)		(27	)		(27	)		(22	)		(22	%)		19	%		(62	)		(76	)		(23	%)
Total other insurance expense		118			134			139			155			157			33	%		1	%		367			451			23	%
Amortization of deferred policy acquisition costs [2]		17			19			21			21			23			35	%		10	%		44			65			48	%
Total benefits and expenses		135			153			160			176			180			33	%		2	%		411			516			26	%
Income before income taxes		23			24			23			24			27			17	%		13	%		64			74			16	%
Income tax expense		9			8			8			9			9			—			—			23			26			13	%
Net income [1], [2]	$	14		$	16		$	15		$	15		$	18			29	%		20	%	$	41		$	48			17	%

[1]	Net income equals core earnings for this segment.
[2]	The DAC unlock recorded in the three months ended September 30, 2007 increased amortization of deferred policy acquisition costs by $1, after-tax.

L - 10

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2006		2006		2007		2007		2007		Change			Change			2006		2007		Change
Individual Annuity
Broker-dealer	$	1,943	$	2,055	$	2,029	$	2,152	$	2,282		17	%		6	%	$	5,958	$	6,463		8	%
Banks		1,196		1,332		1,430		1,664		1,513		27	%		(9	%)		3,792		4,607		21	%
Total deposits by distribution		3,139		3,387		3,459		3,816		3,795		21	%		(1	%)		9,750		11,070		14	%
Variable		2,681		3,134		3,256		3,537		3,278		22	%		(7	%)		9,000		10,071		12	%
Fixed MVA/other		458		253		203		279		517		13	%		85	%		750		999		33	%
Total deposits by product		3,139		3,387		3,459		3,816		3,795		21	%		(1	%)		9,750		11,070		14	%
Retail Mutual Funds		2,560		3,111		3,647		3,791		3,369		32	%		(11	%)		8,031		10,807		35	%
529 College Savings Plan/Specialty Products/Other		131		179		192		197		152		16	%		(23	%)		420		541		29	%
Total Retail Products Group	$	5,830	$	6,677	$	7,298	$	7,804	$	7,316		25	%		(6	%)	$	18,201	$	22,418		23	%

L - 11

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2006		2006		2007		2007		2007		Change			Change
INDIVIDUAL ANNUITY
General account	$	15,708	$	15,430	$	15,218	$	15,100	$	15,191		(3	%)		1	%
Non-guaranteed separate account		102,669		108,872		110,007		116,320		118,123		15	%		2	%
Total Individual Annuity	$	118,377	$	124,302	$	125,225	$	131,420	$	133,314		13	%		1	%
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	5,949	$	5,630	$	5,461	$	5,354	$	5,075		(15	%)		(5	%)
Non-guaranteed separate account		102,540		108,735		109,869		116,175		117,976		15	%		2	%
Total individual variable annuities		108,489		114,365		115,330		121,529		123,051		13	%		1	%
Fixed MVA & other individual annuities [1]		9,888		9,937		9,895		9,891		10,263		4	%		4	%
Total Individual Annuity		118,377		124,302		125,225		131,420		133,314		13	%		1	%
Specialty Products/Other — Segregated Assets		454		525		569		639		671		48	%		5	%
Mutual Fund Assets
Retail mutual fund assets		34,720		38,536		40,921		45,644		47,785		38	%		5	%
Specialty Product/Other mutual fund assets		503		579		663		789		892		77	%		13	%
529 College Savings Plan assets		811		910		966		1,094		1,147		41	%		5	%
Total Mutual Fund Assets		36,034		40,025		42,550		47,527		49,824		38	%		5	%
Total Retail Products Group Assets Under Management	$	154,865	$	164,852	$	168,344	$	179,586	$	183,809		19	%		2	%

[1] Internal transfer of single premium immediate annuity business from Fixed Annuities business to Institutional Solutions Group in the three months ended September 30, 2006.

L - 12

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

		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2006			2006			2007			2007			2007
VARIABLE ANNUITIES	Beginning balance	$106,224			$108,489			$114,365			$115,330			$121,529
	Deposits		2,681			3,134			3,256			3,537			3,278
	Surrenders		(3,279	)		(3,444	)		(3,394	)		(3,529	)		(3,471	)
	Death benefits/annuity payouts		(373	)		(392	)		(443	)		(434	)		(419	)
	Transfers [2]		(17	)		6			(2	)		7			(21	)
	Net Flows		(988	)		(696	)		(583	)		(419	)		(633	)
	Change in market value/change in reserve/interest credited		3,249			6,568			1,542			6,618			2,155
	Other [4]		4			4			6			—			—
	Ending balance	$	108,489		$	114,365		$	115,330		$	121,529		$	123,051
FIXED MVA AND OTHER	Beginning balance	$	10,036		$	9,888		$	9,937		$	9,895		$	9,891
	Deposits		458			253			203			279			517
	Surrenders		(311	)		(258	)		(281	)		(321	)		(227	)
	Death benefits/annuity payouts		(104	)		(103	)		(115	)		(111	)		(96	)
	Transfers [2]		39			33			36			27			53
	Net Flows		82			(75	)		(157	)		(126	)		247
	Change in market value/change in reserve/interest credited		120			124			115			122			125
	Other [3]		(350	)		—			—			—			—
	Ending balance	$	9,888		$	9,937		$	9,895		$	9,891		$	10,263
TOTAL INDIVIDUAL ANNUITY	Beginning balance	$	116,260		$	118,377		$	124,302		$	125,225		$	131,420
	Deposits		3,139			3,387			3,459			3,816			3,795
	Surrenders		(3,590	)		(3,702	)		(3,675	)		(3,850	)		(3,698	)
	Death benefits/annuity payouts		(477	)		(495	)		(558	)		(545	)		(515	)
	Transfers [2]		22			39			34			34			32
	Net Flows		(906	)		(771	)		(740	)		(545	)		(386	)
	Change in market value/change in reserve/interest credited		3,369			6,692			1,657			6,740			2,280
	Other [3][4]		(346	)		4			6			—			—
	Ending balance	$	118,377		$	124,302		$	125,225		$	131,420		$	133,314

[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]	Internal transfer of single premium immediate annuity business from Individual Annuity to Institutional in the three months ended September 30, 2006.
[4]	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

		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2006			2006			2007			2007			2007
RETAIL MUTUAL FUNDS
	Beginning balance	$	32,611		$	34,720		$	38,536		$	40,921		$	45,644
	Deposits		2,560			3,111			3,647			3,791			3,369
	Redemptions		(1,365	)		(1,564	)		(1,762	)		(2,042	)		(2,718	)
	Net Sales		1,195			1,547			1,885			1,749			651
	Change in market value		939			2,296			530			3,004			1,517
	Other [1]		(25	)		(27	)		(30	)		(30	)		(27	)
	Ending balance	$	34,720		$	38,536		$	40,921		$	45,644		$	47,785

[1] 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
Revenues	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Premiums and other considerations
Variable annuity fees	$	44		$	49		$	50		$	56		$	58			32	%		4	%	$	129		$	164			27	%
Mutual fund and other fees		4			4			4			3			3			(25	%)		—			10			10			—
Total fee income		48			53			54			59			61			27	%		3	%		139			174			25	%
Direct premiums		1			2			2			1			—			(100	%)		(100	%)		17			3			(82	%)
Total premiums and other considerations		49			55			56			60			61			24	%		2	%		156			177			13	%
Net investment income
Net investment income on G/A assets		80			82			85			88			85			6	%		(3	%)		236			258			9	%
Net investment income on assigned capital		2			3			3			3			4			100	%		33	%		7			10			43	%
Charge for invested capital		—			(1	)		—			(1	)		—			—			100	%		(1	)		(1	)		—
Total net investment income		82			84			88			90			89			9	%		(1	%)		242			267			10	%
Net realized capital gains (losses)		—			—			(1	)		—			1			—			—			1			—			(100	%)
Total revenues		131			139			143			150			151			15	%		1	%		399			444			11	%
Benefits and Expenses
Benefits and losses
Death benefits		1			(1	)		—			(1	)		—			(100	%)		100	%		1			(1	)	NM
Other contract benefits		13			13			12			12			12			(8	%)		—			39			36			(8	%)
Change in reserve		(5	)		(5	)		(6	)		(5	)		(6	)		(20	%)		(20	%)		(5	)		(17	)	NM
Interest credited on G/A assets		52			54			56			56			56			8	%		—			154			168			9	%
Total benefits and losses		61			61			62			62			62			2	%		—			189			186			(2	%)
Other insurance expenses
Commissions & wholesaling expenses		20			20			23			24			24			20	%		—			59			71			20	%
Operating expenses		48			55			49			54			50			4	%		(7	%)		130			153			18	%
Premium taxes and other expenses		(2	)		(3	)		1			(1	)		—			100	%		100	%		(1	)		—			100	%
Subtotal — expenses before deferral		66			72			73			77			74			12	%		(4	%)		188			224			19	%
Deferred policy acquisition costs		(30	)		(39	)		(33	)		(33	)		(34	)		(13	%)		(3	%)		(86	)		(100	)		(16	%)
Total other insurance expense		36			33			40			44			40			11	%		(9	%)		102			124			22	%
Amortization of deferred policy acquisition costs [2]		6			(21	)		9			8			25		NM			NM				22			42			91	%
Total benefits and expenses		103			73			111			114			127			23	%		11	%		313			352			12	%
Income before income taxes		28			66			32			36			24			(14	%)		(33	%)		86			92			7	%
Income tax expense [2]		7			21			9			10			5			(29	%)		(50	%)		22			24			9	%
Net income [1] [2]	$	21		$	45		$	23		$	26		$	19			(10	%)		(27	%)	$	64		$	68			6	%

[1]	Net income equals core earnings for this segment.
[2]	The DAC unlock recorded in the three months ended December 31, 2006 and September 30, 2007 (decreased)/increased net income by $20 and $(9), respectively. The effect on each income statement line item is as follows:

	December 31, 2006			September 30, 2007
Amortization of deferred policy acquisition costs	$	(31	)	$	14
Income tax expense		11			(5	)

L - 15

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

											Year Over
	THREE MONTHS ENDED										Sequential			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2006		2006		2007		2007		2007		Change			Change			2006		2007		Change
401(k)
Annuity — plan/participant rollovers	$	428	$	430	$	786	$	421	$	467		9	%		11	%	$	1,558	$	1,674		7	%
Annuity — ongoing contributions		408		427		497		553		504		24	%		(9	%)		1,250		1,554		24	%
Total 401(k) Annuity		836		857		1,283		974		971		16	%		—			2,808		3,228		15	%
Mutual funds		120		86		120		96		94		(22	%)		(2	%)		308		310		1	%
Total 401(k)		956		943		1,403		1,070		1,065		11	%		—			3,116		3,538		14	%
403(b)/457
Annuity — plan/participant rollovers		76		359		89		72		79		4	%		10	%		312		240		(23	%)
Annuity — ongoing contributions		215		222		236		222		247		15	%		11	%		659		705		7	%
Total 403(b)/457 Annuity		291		581		325		294		326		12	%		11	%		971		945		(3	%)
Mutual funds		—		—		—		6		6		—			—			—		12		—
Total 403(b)/457		291		581		325		300		332		14	%		11	%		971		957		(1	%)
Total Retirement Plans	$	1,247	$	1,524	$	1,728	$	1,370	$	1,397		12	%		2	%	$	4,087	$	4,495		10	%

L - 16

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2006		2006		2007		2007		2007		Change			Change
401(k)
General account	$	1,313	$	1,317	$	1,351	$	1,303	$	1,314		—			1	%
Non-guaranteed separate account		9,691		10,718		11,628		12,755		13,371		38	%		5	%
Total 401(k) — Annuity account value		11,004		12,035		12,979		14,058		14,685		33	%		4	%
Mutual fund assets [1]		1,036		1,140		1,209		1,320		1,389		34	%		5	%
Total 401(k) Assets Under Management	$	12,040	$	13,175	$	14,188	$	15,378	$	16,074		34	%		5	%
403(b)/457
General account	$	4,431	$	4,577	$	4,586	$	4,564	$	4,610		4	%		1	%
Non-guaranteed separate account		6,260		6,963		7,167		7,633		7,876		26	%		3	%
Total 403(b)/457 - Annuity account value		10,691		11,540		11,753		12,197		12,486		17	%		2	%
Mutual fund assets		—		—		—		9		20		—			122	%
Total 403(b)/457 Assets Under Management	$	10,691	$	11,540	$	11,753	$	12,206	$	12,506		17	%		2	%
TOTAL RETIREMENT
General account	$	5,744	$	5,894	$	5,937	$	5,867	$	5,924		3	%		1	%
Non-guaranteed separate account		15,951		17,681		18,795		20,388		21,247		33	%		4	%
Total Retirement Plans account value		21,695		23,575		24,732		26,255		27,171		25	%		3	%
Mutual fund assets		1,036		1,140		1,209		1,329		1,409		36	%		6	%
Total Retirement Plans Assets Under Management	$	22,731	$	24,715	$	25,941	$	27,584	$	28,580		26	%		4	%

[1] 401(k) mutual fund assets are predominantly comprised of The Hartford’s 401(k) plan.

L - 17

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

		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2006			2006			2007			2007			2007
401(k)
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	10,282		$	11,004		$	12,035		$	12,979		$	14,058
	Deposits		836			857			1,283			974			971
	Surrenders		(382	)		(475	)		(531	)		(550	)		(599	)
	Death benefits/annuity payouts		(7	)		(7	)		(13	)		(7	)		(10	)
	Net Flows		447			375			739			417			362
	Change in market value/change in reserve/interest credited		275			656			205			662			265
	Ending balance	$	11,004		$	12,035		$	12,979		$	14,058		$	14,685
403(b)/457
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	10,458		$	10,691		$	11,540		$	11,753		$	12,197
	Deposits		291			581			325			294			326
	Surrenders		(283	)		(231	)		(272	)		(399	)		(306	)
	Death benefits/annuity payouts		(13	)		(17	)		(15	)		(12	)		(12	)
	Net Flows		(5	)		333			38			(117	)		8
	Change in market value/change in reserve/interest credited		238			516			175			561			281
	Ending balance	$	10,691		$	11,540		$	11,753		$	12,197		$	12,486

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

L - 18

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	16		$	18		$	19		$	13		$	20			25	%		54	%	$	47		$	52			11	%
Cost of insurance charges		10			12			12			20			20			100	%		—			25			52			108	%
Mutual fund and other fees		6			7			30			20			57		NM				185	%		15			107		NM
Total fee income		32			37			61			53			97		NM				83	%		87			211			143	%
Direct premiums		143			105			168			191			411			187	%		115	%		502			770			53	%
Total premiums and other considerations		175			142			229			244			508			190	%		108	%		589			981			67	%
Net investment income
Net investment income on G/A assets		251			270			284			299			311			24	%		4	%		714			894			25	%
Net investment income on assigned capital		5			5			7			9			9			80	%		—			15			25			67	%
Charge for invested capital		—			(1	)		—			—			—			—			—			—			—			—
Total net investment income		256			274			291			308			320			25	%		4	%		729			919			26	%
Net realized capital gains (losses)		(2	)		(1	)		(3	)		(4	)		1		NM			NM				(4	)		(6	)		(50	%)
Total revenues		429			415			517			548			829			93	%		51	%		1,314			1,894			44	%
Benefits and Expenses
Benefits and losses
Death benefits		11			13			12			26			22			100	%		(15	%)		28			60			114	%
Other contract benefits		92			93			97			103			107			16	%		4	%		252			307			22	%
Change in reserve		137			96			154			174			396			189	%		128	%		480			724			51	%
Interest credited on G/A assets		135			145			154			171			167			24	%		(2	%)		377			492			31	%
Total benefits and losses		375			347			417			474			692			85	%		46	%		1,137			1,583			39	%
Other insurance expenses
Commissions & wholesaling expenses		10			15			15			18			15			50	%		(17	%)		31			48			55	%
Operating expenses		16			20			18			19			19			19	%		—			49			56			14	%
Premium taxes and other expenses		6			12			24			6			56		NM			NM				13			86		NM
Subtotal — expenses before deferral		32			47			57			43			90			181	%		109	%		93			190			104	%
Deferred policy acquisition costs		(14	)		(22	)		(19	)		(13	)		(9	)		36	%		31	%		(40	)		(41	)		(3	%)
Total other insurance expense		18			25			38			30			81		NM				170	%		53			149			181	%
Amortization of deferred policy acquisition costs [2]		6			10			15			2			2			(67	%)		—			22			19			(14	%)
Total benefits and expenses		399			382			470			506			775			94	%		53	%		1,212			1,751			44	%
Income before income taxes		30			33			47			42			54			80	%		29	%		102			143			40	%
Income tax expense		6			9			14			13			15			150	%		15	%		27			42			56	%
Net income [1], [2]	$	24		$	24		$	33		$	29		$	39			63	%		34	%	$	75		$	101			35	%

[1]	Net income equals core earnings for this segment.
[2]	The DAC unlock recorded in the three months ended September 30, 2007 decreased amortization of deferred policy acquisition costs by $1, after-tax.

L - 19

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

								��
											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2006		2006		2007		2007		2007		Change			Change			2006		2007		Change
Institutional
Structured settlements	$	119	$	162	$	278	$	286	$	235		97	%		(18	%)	$	461	$	799		73	%
Institutional annuities		97		27		5		43		257		165	%	NM				246		305		24	%
Guaranteed interest products		623		874		855		784		831		33	%		6	%		1,900		2,470		30	%
Other		108		235		51		158		58		(46	%)		(63	%)		268		267		—
Subtotal		947		1,298		1,189		1,271		1,381		46	%		9	%		2,875		3,841		34	%
Mutual funds		166		286		309		298		571	NM				92	%		866		1,178		36	%
Total Institutional		1,113		1,584		1,498		1,569		1,952		75	%		24	%		3,741		5,019		34	%
Private Placement Life Insurance
Corporate owned		131		549		1,390		786		2,569	NM			NM				457		4,745	NM
Private clients		11		10		7		3		10		(9	%)	NM				35		20		(43	%)
Total Private Placement Life Insurance		142		559		1,397		789		2,579	NM			NM				492		4,765	NM
Total Institutional Solutions Group	$	1,255	$	2,143	$	2,895	$	2,358	$	4,531	NM				92	%	$	4,233	$	9,784		131	%

L - 20

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2006		2006		2007		2007		2007		Change			Change
INSTITUTIONAL
General account	$	16,429	$	17,249	$	18,166	$	18,899	$	19,701		20	%		4	%
Guaranteed separate account		416		417		416		407		413		(1	%)		1	%
Non-guaranteed separate account		4,165		4,548		4,577		4,821		4,927		18	%		2	%
Total Institutional account value		21,010		22,214		23,159		24,127		25,041		19	%		4	%
Mutual fund assets		2,204		2,567		2,669		2,956		3,398		54	%		15	%
Total Institutional Assets Under Management	$	23,214	$	24,781	$	25,828	$	27,083	$	28,439		23	%		5	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	7	$	7	$	59	$	3	$	2		(71	%)		(33	%)
Non-guaranteed separate account		25,118		26,124		27,780		29,050		32,039		28	%		10	%
Total Private Placement Life Insurance account value		25,125		26,131		27,839		29,053		32,041		28	%		10	%
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	16,436	$	17,256	$	18,225	$	18,902	$	19,703		20	%		4	%
Guaranteed separate account		416		417		416		407		413		(1	%)		1	%
Non-guaranteed separate account		29,283		30,672		32,357		33,871		36,966		26	%		9	%
Total Institutional Solutions Group account value		46,135		48,345		50,998		53,180		57,082		24	%		7	%
Mutual fund assets		2,204		2,567		2,669		2,956		3,398		54	%		15	%
Total Institutional Solutions Group Assets Under Management	$	48,339	$	50,912	$	53,667	$	56,136	$	60,480		25	%		8	%
BY PRODUCT
Institutional
Structured settlements	$	5,108	$	5,267	$	5,543	$	5,827	$	6,063		19	%		4	%
Institutional annuities		2,828		2,849		2,838		2,866		3,114		10	%		9	%
Guaranteed interest products		8,671		9,308		9,946		10,363		10,676		23	%		3	%
Other		4,403		4,790		4,832		5,071		5,188		18	%		2	%
Total Institutional account value		21,010		22,214		23,159		24,127		25,041		19	%		4	%
Private Placement Life Insurance		25,125		26,131		27,839		29,053		32,041		28	%		10	%
Total Institutional Solutions Group account value		46,135		48,345		50,998		53,180		57,082		24	%		7	%
Institutional Mutual Fund Assets		2,204		2,567		2,669		2,956		3,398		54	%		15	%
Total Institutional Solutions Group Assets Under Management	$	48,339	$	50,912	$	53,667	$	56,136	$	60,480		25	%		8	%

L - 21

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

		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2006			2006			2007			2007			2007
INSTITUTIONAL
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	19,730		$	21,010		$	22,214		$	23,159		$	24,127
	Deposits		947			1,298			1,189			1,271			1,381
	Surrenders		(327	)		(420	)		(411	)		(562	)		(730	)
	Death benefits/annuity payouts		(145	)		(140	)		(151	)		(147	)		(150	)
	Net Flows		475			738			627			562			501
	Change in market value/change in reserve/interest credited		455			466			318			406			413
	Transfers [2]		350			—			—			—			—
	Ending balance	$	21,010		$	22,214		$	23,159		$	24,127		$	25,041
PRIVATE PLACEMENT LIFE INSURANCE
	Beginning balance	$	24,629		$	25,125		$	26,131		$	27,839		$	29,053
	Deposits		142			559			1,397			789			2,579
	Surrenders		(1	)		(4	)		(3	)		(1	)		(2	)
	Death benefits/annuity payouts		(9	)		(14	)		(27	)		(18	)		(11	)
	Net Flows		132			541			1,367			770			2,566
	Change in market value/change in reserve/interest credited		397			469			398			495			462
	Other [3]		(33	)		(4	)		(57	)		(51	)		(40	)
	Ending balance	$	25,125		$	26,131		$	27,839		$	29,053		$	32,041

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	3Q06 internal transfer of single premium immediate annuity business from Individual Annuity to Institutional.
[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
																Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Revenues
Premiums and other considerations
Variable life fees	$	16		$	17		$	17		$	19		$	19			19	%		—		$	49		$	55			12	%
Cost of insurance charges		125			128			130			132			134			7	%		2	%		370			396			7	%
Other fees [2]		59			128			68			65			53			(10	%)		(18	%)		191			186			(3	%)
Total fee income		200			273			215			216			206			3	%		(5	%)		610			637			4	%
Direct premiums		25			26			25			28			28			12	%		—			69			81			17	%
Reinsurance premiums		(36	)		(43	)		(40	)		(41	)		(42	)		(17	%)		(2	%)		(105	)		(123	)		(17	%)
Net premiums		(11	)		(17	)		(15	)		(13	)		(14	)		(27	%)		(8	%)		(36	)		(42	)		(17	%)
Total premiums and other considerations		189			256			200			203			192			2	%		(5	%)		574			595			4	%
Net investment income
Net investment income on G/A assets		85			87			89			91			92			8	%		1	%		254			272			7	%
Net investment income on assigned capital		3			3			3			3			3			—			—			8			9			13	%
Charge for invested capital		(7	)		(6	)		(5	)		(5	)		(4	)		43	%		20	%		(22	)		(14	)		36	%
Total net investment income		81			84			87			89			91			12	%		2	%		240			267			11	%
Net realized capital gains (losses)		1			2			(2	)		(3	)		(1	)	NM				67	%		3			(6	)	NM
Total revenues		271			342			285			289			282			4	%		(2	%)		817			856			5	%
Benefits and Expenses
Benefits and losses
Death benefits		62			57			70			74			78			26	%		5	%		194			222			14	%
Other contract benefits		6			7			6			6			6			—			—			20			18			(10	%)
Change in reserve		(3	)		(4	)		(3	)		(5	)		(4	)		(33	%)		20	%		(14	)		(12	)		14	%
Interest credited on G/A assets		59			62			63			61			63			7	%		3	%		175			187			7	%
Total benefits and losses		124			122			136			136			143			15	%		5	%		375			415			11	%
Other insurance expenses
Commissions & wholesaling expenses		57			66			59			59			58			2	%		(2	%)		173			176			2	%
Operating expenses		64			69			63			64			65			2	%		2	%		182			192			5	%
Dividends to policyholders		—			1			1			—			1			—			—			2			2			—
Premium taxes and other expenses		11			10			11			14			8			(27	%)		(43	%)		32			33			3	%
Subtotal — expenses before deferral		132			146			134			137			132			—			(4	%)		389			403			4	%
Deferred policy acquisition costs		(88	)		(99	)		(87	)		(87	)		(88	)		—			(1	%)		(257	)		(262	)		(2	%)
Total other insurance expense		44			47			47			50			44			—			(12	%)		132			141			7	%
Amortization of deferred policy acquisition costs and present value of future profits [2]		38			131			36			41			1			(97	%)		(98	%)		110			78			(29	%)
Total benefits and expenses		206			300			219			227			188			(9	%)		(17	%)		617			634			3	%
Income before income taxes		65			42			66			62			94			45	%		52	%		200			222			11	%
Income tax expense [2]		19			11			20			18			31			63	%		72	%		61			69			13	%
Net income [1]	$	46		$	31		$	46		$	44		$	63			37	%		43	%	$	139		$	153			10	%

[1]	Net income equals core earnings for this segment.
[2]	The DAC unlock recorded in the three months ended December 31, 2006 and September 30, 2007 (decreased)/increased net income by $(18) and $16, respectively. The effect on each income statement line item is as follows:

	December 31, 2006			September 30, 2007
Other Fees	$	48		$	(13	)
Amortization of deferred policy acquisition costs		76			(37	)
Income tax expense (benefit)		(10	)		8

L - 23

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2006		2006		2007		2007		2007		Change			Change			2006		2007		Change
SALES BY DISTRIBUTION
Wirehouse/regional broker-dealer	$	22	$	28	$	20	$	27	$	26		18	%		(4	%)	$	58	$	73		26	%
Banks		10		14		10		10		11		10	%		10	%		27		31		15	%
Independent broker-dealer/WFS		15		24		14		17		17		13	%		—			50		48		(4	%)
Life professional/other		21		23		16		14		15		(29	%)		7	%		60		45		(25	%)
Total sales by distribution	$	68	$	89	$	60	$	68	$	69		1	%		1	%	$	195	$	197		1	%
SALES BY PRODUCT
Variable life	$	27	$	36	$	26	$	33	$	33		22	%		—		$	79	$	92		16	%
Universal life/whole life		36		47		30		29		31		(14	%)		7	%		103		90		(13	%)
Term life/other		5		6		4		6		5		—			(17	%)		13		15		15	%
Total sales by product	$	68	$	89	$	60	$	68	$	69		1	%		1	%	$	195	$	197		1	%
ACCOUNT VALUE
General account	$	5,123	$	5,233	$	5,334	$	5,413	$	5,486		7	%		1	%
Separate account		5,754		6,138		6,244		6,692		6,884		20	%		3	%
Total account value	$	10,877	$	11,371	$	11,578	$	12,105	$	12,370		14	%		2	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	6,242	$	6,637	$	6,754	$	7,206	$	7,402		19	%		3	%
Universal life/interest sensitive whole life		3,932		4,035		4,126		4,208		4,285		9	%		2	%
Modified guaranteed life		591		584		580		573		564		(5	%)		(2	%)
Other		112		115		118		118		119		6	%		1	%
Total account value by product	$	10,877	$	11,371	$	11,578	$	12,105	$	12,370		14	%		2	%
LIFE INSURANCE IN FORCE
Variable life	$	73,126	$	73,770	$	74,439	$	75,496	$	76,498		5	%		1	%
Universal life/interest sensitive whole life		44,069		45,230		46,013		46,750		47,581		8	%		2	%
Term life		41,751		44,175		46,053		48,536		50,641		21	%		4	%
Modified guaranteed life		740		727		718		702		687		(7	%)		(2	%)
Other		324		325		323		319		316		(2	%)		(1	%)
Total life insurance in force	$	160,010	$	164,227	$	167,546	$	171,803	$	175,723		10	%		2	%

L - 24

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

		THREE MONTHS ENDED
		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2006			2006			2007			2007			2007
VARIABLE LIFE	Beginning balance	$	6,053		$	6,242		$	6,637		$	6,754		$	7,206
	First year & single premiums		72			86			77			87			92
	Renewal premiums		134			143			156			140			134
	Premiums and deposits		206			229			233			227			226
	Surrenders		(92	)		(114	)		(86	)		(89	)		(77	)
	Death benefits		(11	)		(10	)		(24	)		(14	)		(18	)
	Net Flows		103			105			123			124			131
	Policy fees		(119	)		(121	)		(124	)		(125	)		(127	)
	Change in market value/interest credited		205			411			118			453			192
	Ending balance	$	6,242		$	6,637		$	6,754		$	7,206		$	7,402
OTHER [1]	Beginning balance	$	4,557		$	4,635		$	4,734		$	4,824		$	4,899
	First year & single premiums		106			126			111			105			97
	Renewal premiums		100			114			119			109			115
	Premiums and deposits		206			240			230			214			212
	Surrenders		(41	)		(59	)		(53	)		(52	)		(54	)
	Death benefits		(25	)		(19	)		(23	)		(21	)		(20	)
	Net Flows		140			162			154			141			138
	Policy fees		(115	)		(117	)		(120	)		(122	)		(125	)
	Change in market value/interest credited		53			54			56			56			56
	Ending balance	$	4,635		$	4,734		$	4,824		$	4,899		$	4,968
TOTAL INDIVIDUAL LIFE	Beginning balance	$	10,610		$	10,877		$	11,371		$	11,578		$	12,105
	First year & single premiums		178			212			188			192			189
	Renewal premiums		234			257			275			249			249
	Premiums and deposits		412			469			463			441			438
	Surrenders		(133	)		(173	)		(139	)		(141	)		(131	)
	Death benefits		(36	)		(29	)		(47	)		(35	)		(38	)
	Net Flows		243			267			277			265			269
	Policy fees		(234	)		(238	)		(244	)		(247	)		(252	)
	Change in market value/interest credited		258			465			174			509			248
	Ending balance	$	10,877		$	11,371		$	11,578		$	12,105		$	12,370

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

L - 25

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

																Year Over
																Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change				2006		2007			Change
Revenues
Premiums and other considerations
ASO fees	$	10		$	9		$	8		$	9		$	8			(20	%)		(11	%)	$	28		$	25			(11	%)
Other fees		—			1			—			—			—			—			—			—			—			—
Total fee income		10			10			8			9			8			(20	%)		(11	%)		28			25			(11	%)
Direct premiums		969			993			1,027			1,030			996			3	%		(3	%)		2,876			3,053			6	%
Reinsurance premiums		53			55			49			53			57			8	%		8	%		188			159			(15	%)
Net premiums		1,022			1,048			1,076			1,083			1,053			3	%		(3	%)		3,064			3,212			5	%
Total premiums and other considerations		1,032			1,058			1,084			1,092			1,061			3	%		(3	%)		3,092			3,237			5	%
Net investment income
Net investment income on G/A assets		93			92			99			98			96			3	%		(2	%)		273			293			7	%
Net investment income on assigned capital		13			13			19			19			19			46	%		—			37			57			54	%
Total net investment income		106			105			118			117			115			8	%		(2	%)		310			350			13	%
Net realized capital gains (losses)		(1	)		(2	)		(1	)		(2	)		2		NM			NM				(4	)		(1	)		75	%
Total revenues		1,137			1,161			1,201			1,207			1,178			4	%		(2	%)		3,398			3,586			6	%
Benefits and Expenses
Benefits and losses
Death benefits		252			268			266			267			265			5	%		(1	%)		767			798			4	%
Other contract benefits		452			470			479			479			475			5	%		(1	%)		1,334			1,433			7	%
Change in reserve		41			12			61			47			25			(39	%)		(47	%)		151			133			(12	%)
Total benefits and losses		745			750			806			793			765			3	%		(4	%)		2,252			2,364			5	%
Other insurance expenses
Commissions & wholesaling expenses		147			142			156			147			135			(8	%)		(8	%)		419			438			5	%
Operating expenses		128			144			133			129			137			7	%		6	%		382			399			4	%
Premium taxes and other expenses		20			19			19			10			23			15	%		130	%		60			52			(13	%)
Subtotal — expenses before deferral		295			305			308			286			295			—			3	%		861			889			3	%
Deferred policy acquisition costs		(14	)		(22	)		(20	)		(11	)		(21	)		(50	%)		(91	%)		(42	)		(52	)		(24	%)
Total other insurance expense		281			283			288			275			274			(2	%)		—			819			837			2	%
Amortization of deferred policy acquisition costs		10			11			17			18			13			30	%		(28	%)		30			48			60	%
Total benefits and expenses		1,036			1,044			1,111			1,086			1,052			2	%		(3	%)		3,101			3,249			5	%
Income before income taxes		101			117			90			121			126			25	%		4	%		297			337			13	%
Income tax expense		27			30			24			34			36			33	%		6	%		81			94			16	%
Net income [1]	$	74		$	87		$	66		$	87		$	90			22	%		3	%	$	216		$	243			13	%

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

L - 26

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

																			Year Over
																			Year			Sequential			NINE MONTHS ENDED
				Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
				2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
PREMIUMS	Fully Insured — Ongoing Premiums
		Group disability		$	446		$	457		$	470		$	463		$	459			3	%		(1	%)	$	1,343		$	1,392			4	%
		Group life			465			458			473			483			482			4	%		-			1,372			1,438			5	%
		Other			111			126			122			122			112			1	%		(8	%)		344			356			3	%
			Total fully insured - - ongoing premiums		1,022			1,041			1,065			1,068			1,053			3	%		(1	%)		3,059			3,186			4	%
			Total buyouts [1]		—			7			11			15			—			—			(100	%)		5			26		NM
			Total premiums		1,022			1,048			1,076			1,083			1,053			3	%		(3	%)		3,064			3,212			5	%
			Group disability - premium equivalents [2]		84			90			85			84			85			1	%		1	%		244			254			4	%
			Total premiums and premium equivalents	$	1,106		$	1,138		$	1,161		$	1,167		$	1,138			3	%		(2	%)	$	3,308		$	3,466			5	%
SALES (GROSS	Fully Insured — Ongoing Sales
ANNUALIZED		Group disability		$	61		$	39		$	177		$	40		$	54			(11	%)		35	%	$	277		$	271			(2	%)
NEW PREMIUMS)		Group life [3]			89			55			156			66			67			(25	%)		2	%		374			289			(23	%)
		Other			25			17			53			13			4			(84	%)		(69	%)		99			70			(29	%)
			Total fully insured - - ongoing sales		175			111			386			119			125			(29	%)		5	%		750			630			(16	%)
			Total buyouts [1]		—			—			2			24			—			—			(100	%)		5			26		NM
			Total sales		175			111			388			143			125			(29	%)		(13	%)		755			656			(13	%)
			Group disability premium equivalents [2]		44			6			54			13			22			(50	%)		69	%		104			89			(14	%)
			Total sales and premium equivalents	$	219		$	117		$	442		$	156		$	147			(33	%)		(6	%)	$	859		$	745			(13	%)
RATIOS [3]		Loss Ratio			72.2	%		70.7	%		74.1	%		72.2	%		72.1	%		(0.1	)		(0.1	)		72.8	%		72.8	%		—
		Expense Ratio			28.2	%		28.0	%		28.4	%		27.2	%		27.0	%		(1.2	)		(0.2	)		27.5	%		27.6	%		0.1
GAAP RESERVES [4]		Group disability		$	4,524		$	4,535		$	4,590		$	4,652		$	4,667			3	%		—
		Group life			1,267			1,269			1,276			1,269			1,281			1	%		1	%
		Other			162			173			178			168			168			4	%		—
			Total GAAP reserves	$	5,953		$	5,977		$	6,044		$	6,089		$	6,116			3	%		—

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	Reserve balances are net of reinsurance recoverables of $239, $236, $230, $219, and $221 as of 3Q 2006, 4Q 2006, 1Q 2007, 2Q 2007, and 3Q 2007 respectively.

L - 27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Months			3 Months			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
CORE EARNINGS
Japan operations	$	54		$	111		$	61		$	63		$	87			61	%		38	%	$	156		$	211			35	%
Other international operations		(7	)		(10	)		(7	)		(4	)		(8	)		(14	%)		(100	%)		(11	)		(19	)		(73	%)
Core earnings [1]	$	47		$	101		$	54		$	59		$	79			68	%		34	%		145			192			32	%
JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	1,184		$	1,167		$	1,678		$	1,754		$	1,803			52	%		3	%	$	4,666		$	5,235			12	%
Fixed MVA		63			36			28			12			24			(62	%)		100	%		238			64			(73	%)
Total deposits by product	$	1,247		$	1,203		$	1,706		$	1,766		$	1,827			47	%		3	%	$	4,904		$	5,299			8	%
JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	137,767		¥	137,283		¥	199,523		¥	211,961		¥	212,415			54	%		—		¥	542,265		¥	623,899			15	%
Fixed MVA		7,296			4,216			3,391			1,393			2,792			(62	%)		100	%		27,634			7,576			(73	%)
Total deposits by product	¥	145,063		¥	141,499		¥	202,914		¥	213,354		¥	215,207			48	%		1	%	¥	569,899		¥	631,475			11	%
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	824		$	695		$	1,184		$	1,282		$	1,386			68	%		8	%	$	3,474		$	3,852			11	%
Fixed MVA		53			23			13			(3	)		12			(77	%)	NM				201			22			(89	%)
Total net flows by product	$	877		$	718		$	1,197		$	1,279		$	1,398			59	%		9	%	$	3,675		$	3,874			5	%
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	95,938		¥	81,749		¥	140,557		¥	154,811		¥	163,067			70	%		5	%	¥	403,848		¥	458,435			14	%
Fixed MVA		6,100			2,679			1,621			(443	)		1,354			(78	%)	NM				23,841			2,532			(89	%)
Total net flows by product	¥	102,038		¥	84,428		¥	142,178		¥	154,368		¥	164,421			61	%		7	%	¥	427,689		¥	460,967			8	%
JAPAN AUM — Dollars
Individual Annuity
Variable	$	28,265		$	29,653		$	31,148		$	32,050		$	34,888			23	%		9	%
Fixed MVA		1,676			1,690			1,723			1,658			1,785			7	%		8	%
Total AUM by product	$	29,941		$	31,343		$	32,871		$	33,708		$	36,673			22	%		9	%
JAPAN AUM — Yen
Individual Annuity
Variable	¥	3,337,133		¥	3,533,426		¥	3,677,972		¥	3,958,157		¥	4,012,693			20	%		1	%
Fixed MVA		197,811			201,362			203,489			204,729			205,275			4	%		—
Total AUM by product	¥	3,534,944		¥	3,734,788		¥	3,881,461		¥	4,162,886		¥	4,217,968			19	%		1	%

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

L - 28

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

																Year Over
																Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	163		$	171		$	174		$	185		$	197			21	%		6	%	$	470		$	556			18	%
Other fees		18			16			18			15			12			(33	%)		(20	%)		48			45			(6	%)
Total fee income		181			187			192			200			209			15	%		5	%		518			601			16	%
Reinsurance premiums		(3	)		(2	)		(3	)		(2	)		(3	)		—			(50	%)		(6	)		(8	)		(33	%)
Net premiums		(3	)		(2	)		(3	)		(2	)		(3	)		—			(50	%)		(6	)		(8	)		(33	%)
Total premiums and other considerations		178			185			189			198			206			16	%		4	%		512			593			16	%
Net investment income
Net investment income on G/A assets		27			28			28			29			31			15	%		7	%		74			88			19	%
Net investment income on assigned capital		—			—			1			1			—			—			(100	%)		—			2			—
Total net investment income		27			28			29			30			31			15	%		3	%		74			90			22	%
Net realized capital (losses)		(16	)		(18	)		(18	)		(20	)		(16	)		—			20	%		(46	)		(54	)		(17	%)
Total revenues		189			195			200			208			221			17	%		6	%		540			629			16	%
Benefits and Expenses
Benefits and losses
Death and other benefits [2]		5			(37	)		2			2			(6	)	NM			NM				19			(2	)	NM
Sales inducements		—			—			—			—			1			—			—			—			1			—
Interest credited on G/A assets		6			5			6			6			6			—			—			16			18			13	%
Total benefits and losses		11			(32	)		8			8			1			(91	%)		(88	%)		35			17			(51	%)
Other insurance expenses
Commissions & wholesaling expenses		83			84			113			112			120			45	%		7	%		307			345			12	%
Operating expenses		36			37			33			38			46			28	%		21	%		104			117			13	%
Premium taxes and other expenses		8			5			9			9			7			(13	%)		(22	%)		24			25			4	%
Subtotal — expenses before deferral		127			126			155			159			173			36	%		9	%		435			487			12	%
Deferred policy acquisition costs		(84	)		(84	)		(113	)		(115	)		(121	)		(44	%)		(5	%)		(318	)		(349	)		(10	%)
Total other insurance expense		43			42			42			44			52			21	%		18	%		117			138			18	%
Amortization of deferred policy acquisition costs [2]		54			15			56			59			34			(37	%)		(42	%)		151			149			(1	%)
Total benefits and expenses		108			25			106			111			87			(19	%)		(22	%)		303			304			-
Income before income taxes		81			170			94			97			134			65	%		38	%		237			325			37	%
Income tax expense [2]		27			59			33			34			47			74	%		38	%		81			114			41	%
Net income [1] [2]	$	54		$	111		$	61		$	63		$	87			61	%		38	%	$	156		$	211			35	%

[1]	Net income equals core earnings for Japan.
[2]	The DAC unlock recorded in the three months ended December 31, 2006 and September 30, 2007 increased net income by $53 and $22, respectively. The effect on each income statement line item is as follows:

	December 31, 2006			September 30, 2007
Death and other benefits	$	(41	)	$	(9	)
Amortization of deferred policy acquisition costs		(41	)		(25	)
Income tax expense		29			12

L - 29

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

			Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
			2006			2006			2007			2007			2007
VARIABLE ANNUITIES		Beginning balance	$	27,323		$	28,265		$	29,653		$	31,148		$	32,050
	Deposits/Premiums/other			1,184			1,167			1,678			1,754			1,803
	Surrenders			(282	)		(389	)		(394	)		(364	)		(309	)
	Death benefits/annuitizations/other			(78	)		(83	)		(100	)		(108	)		(108	)
	Net Flows			824			695			1,184			1,282			1,386
	Change in market value/currency/change in reserve/interest credited			1,016			975			29			1,045			(893	)
	Effect of currency translation			(898	)		(282	)		282			(1,425	)		2,345
		Ending balance	$	28,265		$	29,653		$	31,148		$	32,050		$	34,888
FIXED MVA AND OTHER		Beginning balance	$	1,667		$	1,676		$	1,690		$	1,723		$	1,658
	Deposits/Premiums/other			63			36			28			12			24
	Surrenders			(4	)		(7	)		(9	)		(8	)		(4	)
	Death benefits/annuitizations/other			(6	)		(6	)		(6	)		(7	)		(8	)
	Net Flows			53			23			13			(3	)		12
	Change in market value/currency/change in reserve/interest credited			10			7			4			14			(7	)
	Effect of currency translation			(54	)		(16	)		16			(76	)		122
		Ending balance	$	1,676		$	1,690		$	1,723		$	1,658		$	1,785
TOTAL JAPAN		Beginning balance	$	28,990		$	29,941		$	31,343		$	32,871		$	33,708
	Deposits/Premiums/other			1,247			1,203			1,706			1,766			1,827
	Surrenders			(286	)		(396	)		(403	)		(372	)		(313	)
	Death benefits/annuitizations/other			(84	)		(89	)		(106	)		(115	)		(116	)
	Net Flows			877			718			1,197			1,279			1,398
	Change in market value/change in reserve/interest credited			1,026			982			33			1,059			(900	)
	Effect of currency translation			(952	)		(298	)		298			(1,501	)		2,467
		Ending balance	$	29,941		$	31,343		$	32,871		$	33,708		$	36,673

L - 30

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

			THREE MONTHS ENDED
			Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
			2006			2006			2007			2007			2007
VARIABLE ANNUITIES		Beginning balance	¥	3,123,427		¥	3,337,133		¥	3,533,426		¥	3,677,972		¥	3,958,157
	Deposits/Premiums/other			137,767			137,283			199,523			211,961			212,415
	Surrenders			(32,806	)		(45,724	)		(47,094	)		(44,092	)		(36,607	)
	Death benefits/annuitizations/other			(9,023	)		(9,810	)		(11,872	)		(13,058	)		(12,741	)
	Net Flows			95,938			81,749			140,557			154,811			163,067
	Change in market value/change in reserve/interest credited			117,768			114,544			3,989			125,374			(108,531	)
		Ending balance		3,337,133			3,533,426			3,677,972			3,958,157			4,012,693
FIXED MVA AND OTHER		Beginning balance		190,520			197,811			201,362			203,489			204,729
	Deposits/Premiums/other			7,296			4,216			3,391			1,393			2,792
	Surrenders			(517	)		(875	)		(1,098	)		(992	)		(529	)
	Death benefits/annuitizations/other			(679	)		(662	)		(672	)		(844	)		(909	)
	Net Flows			6,100			2,679			1,621			(443	)		1,354
	Change in market value/change in reserve/interest credited			646			687			693			723			753
	Effect of currency translation on USD Fixed Annuity products			545			185			(187	)		960			(1,561	)
		Ending balance		197,811			201,362			203,489			204,729			205,275
TOTAL JAPAN		Beginning balance		3,313,947			3,534,944			3,734,788			3,881,461			4,162,886
	Deposits/Premiums/other			145,063			141,499			202,914			213,354			215,207
	Surrenders			(33,323	)		(46,599	)		(48,192	)		(45,084	)		(37,136	)
	Death benefits/annuitizations/other			(9,702	)		(10,472	)		(12,544	)		(13,902	)		(13,650	)
	Net Flows			102,038			84,428			142,178			154,368			164,421
	Change in market value/change in reserve/interest credited			118,414			115,231			4,682			126,097			(107,778	)
	Effect of currency translation on USD Fixed Annuity products			545			185			(187	)		960			(1,561	)
		Ending balance	¥	3,534,944		¥	3,734,788		¥	3,881,461		¥	4,162,886		¥	4,217,968

L - 31

PROPERTY & CASUALTY

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,699		$	2,625		$	2,622		$	2,675		$	2,630			(3	%)		(2	%)	$	8,037		$	7,927			(1	%)
Earned premiums		2,632			2,628			2,623			2,622			2,628			—			—			7,805			7,873			1	%
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Business Insurance		123			164			124			134			130			6	%		(3	%)		454			388			(15	%)
Personal Lines		89			108			130			84			78			(12	%)		(7	%)		321			292			(9	%)
Specialty Commercial		41			19			39			(1	)		17			(59	%)	NM				45			55			22	%
Ongoing Operations underwriting results		253			291			293			217			225			(11	%)		4	%		820			735			(10	%)
Other Operations [1]		(62	)		(17	)		(24	)		(120	)		(43	)		31	%		64	%		(349	)		(187	)		46	%
Total Property & Casualty underwriting results	$	191		$	274		$	269		$	97		$	182			(5	%)		88	%	$	471		$	548			16	%
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year [2]		65.4			62.9			63.0			65.5			65.7			(0.3	)		(0.2	)		64.8			64.8			—
Prior year [3]		(1.1	)		(0.8	)		0.2			(0.5	)		(0.4	)		(0.7	)		(0.1	)		(0.5	)		(0.2	)		(0.3	)
Total losses and loss adjustment expenses		64.4			62.1			63.1			65.1			65.3			(0.9	)		(0.2	)		64.2			64.5			(0.3	)
Expenses		25.7			27.1			25.5			26.3			25.9			(0.2	)		0.4			25.0			25.9			(0.9	)
Policyholder dividends		0.3			(0.3	)		0.2			0.4			0.2			0.1			0.2			0.2			0.2			—
Combined ratio		90.4			88.9			88.8			91.7			91.4			(1.0	)		0.3			89.5			90.7			(1.2	)
Catastrophes
Current year		1.9			1.4			1.1			2.0			1.2			0.7			0.8			2.1			1.4			0.7
Prior year		(1.5	)		0.1			(0.2	)		0.1			0.3			(1.8	)		(0.2	)		(0.9	)		0.1			(1.0	)
Catastrophe ratio		0.4			1.5			0.9			2.1			1.5			(1.1	)		0.6			1.1			1.5			(0.4	)
Combined ratio before catastrophes		90.0			87.4			87.9			89.6			89.9			0.1			(0.3	)		88.3			89.2			(0.9	)
Combined ratio before catastrophes and prior year development [3]		89.6			88.3			87.6			90.2			90.6			(1.0	)		(0.4	)		87.9			89.5			(1.6	)
Total Property & Casualty Income and ROE
Net income	$	381		$	498		$	461		$	344		$	353			(7	%)		3	%	$	1,021		$	1,158			13	%
Core earnings		371			448			448			362			405			9	%		12	%		1,027			1,215			18	%
Core earnings ROE (last 12 months income-equity x-AOCI)
Ongoing Operations								24.3	%		23.4	%		23.7	%					0.3
Other Operations								(9.2	%)		3.4	%		5.2	%					1.8
Total Property & Casualty		16.7	%		19.2	%		20.9	%		21.5	%		21.9	%		5.2			0.4

	PROPERTY & CASUALTY
	Dec. 31,		Sept. 30,
	2006		2007		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	8.2	$	8.4	$	0.2
Total Property and Casualty premium to adjusted surplus ratio		1.3		1.3		—

[1]	The nine months ended Sepember 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. The three months ended June 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision.
[2]	The three months ended December 31, 2006 included a current accident year reserve release totaling 2.2 points, related to Personal Lines auto liability claims and Business Insurance workers’ compensation claims and package business. The three months ended June 30, 2007 included current accident year reserve strengthening, totaling 0.4 points, related to Personal Lines auto liability claims.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,699		$	2,625		$	2,622		$	2,675		$	2,630			(3	%)		(2	%)	$	8,037		$	7,927			(1	%)
Change in unearned premium reserve		67			(3	)		(1	)		53			2			(97	%)		(96	%)		232			54			(77	%)
Earned premiums		2,632			2,628			2,623			2,622			2,628			—			—			7,805			7,873			1	%
Losses and loss adjustment expenses
Current year [1]		1,723			1,650			1,653			1,716			1,727			—			1	%		5,056			5,096			1	%
Prior year [2]		30			(5	)		22			104			28			(7	%)		(73	%)		301			154			(49	%)
Total losses and loss adjustment expenses		1,753			1,645			1,675			1,820			1,755			—			(4	%)		5,357			5,250			(2	%)
Underwriting expenses [3]		680			716			675			695			686			1	%		(1	%)		1,961			2,056			5	%
Dividends to policyholders		8			(7	)		4			10			5			(38	%)		(50	%)		16			19			19	%
Underwriting results		191			274			269			97			182			(5	%)		88	%		471			548			16	%
Net servicing income		15			8			11			14			16			7	%		14	%		45			41			(9	%)
Net investment income		359			405			413			446			407			13	%		(9	%)		1,081			1,266			17	%
Periodic net coupon settlements on credit derivatives, before-tax		1			2			3			3			5		NM				67	%		2			11		NM
Other expenses [4]		(40	)		(55	)		(60	)		(58	)		(64	)		(60	%)		(10	%)		(168	)		(182	)		(8	%)
Income tax expense		(155	)		(186	)		(188	)		(140	)		(141	)		9	%		(1	%)		(404	)		(469	)		(16	%)
Core earnings		371			448			448			362			405			9	%		12	%		1,027			1,215			18	%
Add: Net realized capital gains (losses), after-tax [5] [6]		10			50			13			(18	)		(52	)	NM				(189	%)		(6	)		(57	)	NM
Net income	$	381		$	498		$	461		$	344		$	353			(7	%)		3	%	$	1,021		$	1,158			13	%
Total Property & Casualty effective tax rate - net income		29.7	%		23.3	%		29.7	%		27.6	%		24.2	%		(5.5	)		(3.4	)		28.2	%		27.5	%		(0.7	)
Total Property & Casualty effective tax rate - core earnings		29.5	%		29.4	%		29.5	%		27.9	%		25.8	%		(3.7	)		(2.1	)		28.2	%		27.8	%		(0.4	)

[1]	The three months ended December 31, 2006 included a current accident year reserve release of $58, related to Personal Lines auto liability claims and Business Insurance workers’ compensation claims and package business. The three months ended June 30, 2007 included current accident year reserve strengthening of $10, related to Personal Lines auto liability claims.
[2]	The nine months ended September 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. The three months ended June 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision.
[3]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $41, including $7 for the three months ended September 30, 2006. These assessments and reductions thereto related to 2004 and 2005 hurricanes. Citizens’ assessment recoupments totaled $7 for the nine months ended September 30, 2006 including $4 for the three months ended September 30, 2006. The three months ended December 31, 2006 and March 31, 2007 included Citizens’ assessment recoupments of $4. The three months ended June 30, 2007 and September 30, 2007 included Citizens’ assessment recoupments of $1.
[4]	The three months ended March 31, 2007, June 30, 2007 and September 30, 2007 included $14, $12 and $12 of interest charged by Corporate on the amount of capital held by the Property and Casualty operation in excess of the amount needed to support the capital requirements of the Property and Casualty operation.
[5]	The three months ended December 31, 2006 included a $25 after-tax gain on the sale of Omni.
[6]	Includes those net realized capital gains (losses) not included in core earnings.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,699		$	2,623		$	2,622		$	2,674		$	2,628			(3	%)		(2	%)	$	8,035		$	7,924			(1	%)
Change in unearned premium reserve		67			(2	)		(1	)		53			2			(97	%)		(96	%)		232			54			(77	%)
Earned premiums		2,632			2,625			2,623			2,621			2,626			—			—			7,803			7,870			1	%
Losses and loss adjustment expenses
Current year [1]		1,723			1,650			1,653			1,716			1,727			—			1	%		5,056			5,096			1	%
Prior year [2]		(28	)		(21	)		4			(12	)		(11	)		61	%		8	%		(43	)		(19	)		56	%
Total losses and loss adjustment expenses		1,695			1,629			1,657			1,704			1,716			1	%		1	%		5,013			5,077			1	%
Underwriting expenses [3]		676			712			669			690			680			1	%		(1	%)		1,954			2,039			4	%
Dividends to policyholders		8			(7	)		4			10			5			(38	%)		(50	%)		16			19			19	%
Underwriting results		253			291			293			217			225			(11	%)		4	%		820			735			(10	%)
Net servicing income		15			8			11			14			16			7	%		14	%		45			41			(9	%)
Net investment income		299			339			351			385			346			16	%		(10	%)		886			1,082			22	%
Periodic net coupon settlements on credit derivatives, before-tax		1			2			3			3			5		NM				67	%		2			11		NM
Other expenses [4]		(40	)		(54	)		(60	)		(56	)		(63	)		(58	%)		(13	%)		(168	)		(179	)		(7	%)
Income tax expense		(160	)		(174	)		(178	)		(165	)		(138	)		14	%		16	%		(470	)		(481	)		(2	%)
Core earnings		368			412			420			398			391			6	%		(2	%)		1,115			1,209			8	%
Add: Net realized capital gains (losses), after-tax [5] [6]		7			38			9			(14	)		(50	)	NM			NM				(11	)		(55	)	NM
Net income	$	375		$	450		$	429		$	384		$	341			(9	%)		(11	%)	$	1,104		$	1,154			5	%
Ongoing Operations effective tax rate — net income		30.3	%		22.6	%		29.9	%		29.1	%		24.5	%		(5.8	)		(4.6	)		29.6	%		28.1	%		(1.5	)
Ongoing Operations effective tax rate — core earnings		30.2	%		29.6	%		29.8	%		29.3	%		26.1	%		(4.1	)		(3.2	)		29.7	%		28.5	%		(1.2	)

[1]	The three months ended December 31, 2006 included a current accident year reserve release of $58, related to Personal Lines auto liability claims and Business Insurance workers’ compensation claims and package business. The three months ended June 30, 2007 included current accident year reserve strengthening of $10, related to Personal Lines auto liability claims.
[2]	The three and nine months ended September 30, 2006 included a net release of catastrophe reserves of $39 and $74, respectively, primarily related to the 2004 and 2005 hurricanes. The nine months ended September 30, 2006 included a net reserve release of $38 related to allocated loss adjustment expense reserves on workers’ compensation and package business in Business Insurance and a $45 strengthening of construction defects claim reserves in Specialty Commercial. The three months ended December 31, 2006 included a net reserve release of $20 related to allocated loss adjustment expense reserves on workers’ compensation and package business in Business Insurance.
[3]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $41, including $7 for the three months ended September 30, 2006. These assessments and reductions thereto related to 2004 and 2005 hurricanes. Citizens’ assessment recoupments totaled $7 for the nine months ended September 30, 2006 including $4 for the three months ended September 30, 2006. The three months ended December 31, 2006 and March 31, 2007 included Citizens’ assessment recoupments of $4. The three months ended June 30, 2007 and September 30, 2007 included Citizens’ assessment recoupments of $1.
[4]	The three months ended March 31, 2007, June 30, 2007 and September 30, 2007 included $14, $12 and $12 of interest charged by Corporate on the amount of capital held by the Property and Casualty operation in excess of the amount needed to support the capital requirements of the Property and Casualty operation.
[5]	The three months ended December 31, 2006 included a $25 after-tax gain on the sale of Omni.
[6]	Includes those net realized capital gains (losses) not included in core earnings.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2007

	Business			Personal		Specialty			Ongoing
	Insurance			Lines		Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,242		$	1,035	$	351		$	2,628
Change in unearned premium reserve		(29	)		51		(20	)		2
Earned premiums		1,271			984		371			2,626
Losses and loss adjustment expenses
Current year		801			685		241			1,727
Prior year		(26	)		7		8			(11	)
Total losses and loss adjustment expenses		775			692		249			1,716
Underwriting expenses		363			214		103			680
Dividends to policyholders		3			—		2			5
Underwriting results	$	130		$	78	$	17		$	225
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year		62.9			69.5		65.6			65.7
Prior year [1]		(2.1	)		0.7		2.3			(0.4	)
Total losses and loss adjustment expenses		60.9			70.1		67.9			65.3
Expenses		28.6			21.9		27.4			25.9
Policyholder dividends		0.3			—		0.3			0.2
Combined ratio		89.7			92.0		95.6			91.4
Catastrophes
Current year		0.4			2.6		0.2			1.2
Prior year		—			0.4		1.3			0.3
Catastrophe ratio		0.4			3.0		1.5			1.5
Combined ratio before catastrophes		89.4			89.0		94.2			89.9
Combined ratio before catastrophes and prior year development [1]		91.4			88.7		93.1			90.6

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

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007

	Business			Personal		Specialty		Ongoing
	Insurance			Lines		Commercial		Operations
UNDERWRITING RESULTS
Written premiums	$	3,788		$	3,013	$	1,123	$	7,924
Change in unearned premium reserve		(56	)		109		1		54
Earned premiums		3,844			2,904		1,122		7,870
Losses and loss adjustment expenses
Current year		2,394			1,955		747		5,096
Prior year		(49	)		15		15		(19	)
Total losses and loss adjustment expenses		2,345			1,970		762		5,077
Underwriting expenses		1,097			642		300		2,039
Dividends to policyholders		14			—		5		19
Underwriting results	$	388		$	292	$	55	$	735
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year		62.3			67.3		66.6		64.8
Prior year [1]		(1.3	)		0.5		1.4		(0.2	)
Total losses and loss adjustment expenses		61.0			67.8		68.0		64.5
Expenses		28.5			22.1		26.7		25.9
Policyholder dividends		0.4			—		0.4		0.2
Combined ratio		89.9			89.9		95.1		90.7
Catastrophes
Current year		0.9			2.6		0.3		1.4
Prior year		(0.1	)		0.2		0.1		0.1
Catastrophe ratio		0.8			2.8		0.4		1.5
Combined ratio before catastrophes		89.1			87.1		94.8		89.2
Combined ratio before catastrophes and prior year development [1]		90.3			86.9		93.4		89.5

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

PC-5

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
UNDERWRITING RESULTS
Written premiums	$	2,699		$	2,623		$	2,622		$	2,674		$	2,628			(3	%)		(2	%)	$	8,035		$	7,924			(1	%)
Change in unearned premium reserve		67			(2	)		(1	)		53			2			(97	%)		(96	%)		232			54			(77	%)
Earned premiums		2,632			2,625			2,623			2,621			2,626			—			—			7,803			7,870			1	%
Losses and loss adjustment expenses
Current year		1,723			1,650			1,653			1,716			1,727			—			1	%		5,056			5,096			1	%
Prior year [1]		(28	)		(21	)		4			(12	)		(11	)		61	%		8	%		(43	)		(19	)		56	%
Total losses and loss adjustment expenses		1,695			1,629			1,657			1,704			1,716			1	%		1	%		5,013			5,077			1	%
Underwriting expenses [2]		676			712			669			690			680			1	%		(1	%)		1,954			2,039			4	%
Dividends to policyholders		8			(7	)		4			10			5			(38	%)		(50	%)		16			19			19	%
Underwriting results	$	253		$	291		$	293		$	217		$	225			(11	%)		4	%	$	820		$	735			(10	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year [3]		65.4			62.9			63.0			65.5			65.7			(0.3	)		(0.2	)		64.8			64.8			—
Prior year [1] [4]		(1.1	)		(0.8	)		0.2			(0.5	)		(0.4	)		(0.7	)		(0.1	)		(0.5	)		(0.2	)		(0.3	)
Total losses and loss adjustment expenses		64.4			62.1			63.1			65.1			65.3			(0.9	)		(0.2	)		64.2			64.5			(0.3	)
Expenses		25.7			27.1			25.5			26.3			25.9			(0.2	)		0.4			25.0			25.9			(0.9	)
Policyholder dividends		0.3			(0.3	)		0.2			0.4			0.2			0.1			0.2			0.2			0.2			—
Combined ratio		90.4			88.9			88.8			91.7			91.4			(1.0	)		0.3			89.5			90.7			(1.2	)
Catastrophes
Current year		1.9			1.4			1.1			2.0			1.2			0.7			0.8			2.1			1.4			0.7
Prior year		(1.5	)		0.1			(0.2	)		0.1			0.3			(1.8	)		(0.2	)		(0.9	)		0.1			(1.0	)
Catastrophe ratio		0.4			1.5			0.9			2.1			1.5			(1.1	)		0.6			1.1			1.5			(0.4	)
Combined ratio before catastrophes		90.0			87.4			87.9			89.6			89.9			0.1			(0.3	)		88.3			89.2			(0.9	)
Combined ratio before catastrophes and prior year development [4]		89.6			88.3			87.6			90.2			90.6			(1.0	)		(0.4	)		87.9			89.5			(1.6	)

[1]	The three and nine months ended September 30, 2006 included a net release of catastrophe reserves of $39 and $74, respectively, primarily related to the 2004 and 2005 hurricanes. The nine months ended September 30, 2006 included a net reserve release of $38 related to allocated loss adjustment expense reserves on workers’ compensation and package business in Business Insurance and a $45 strengthening of construction defects claim reserves in Specialty Commercial. The three months ended December 31, 2006 included a net reserve release of $20 related to allocated loss adjustment expense reserves on workers’ compensation and package business in Business Insurance.
[2]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $41, including $7 for the three months ended September 30, 2006. These assessments and reductions thereto related to 2004 and 2005 hurricanes. Citizens’ assessment recoupments totaled $7 for the nine months ended September 30, 2006 including $4 for the three months ended September 30, 2006. The three months ended December 31, 2006 and March 31, 2007 included Citizens’ assessment recoupments of $4. The three months ended June 30, 2007 and September 30, 2007 included Citizens’ assessment recoupments of $1.
[3]	The three months ended December 31, 2006 included a current accident year reserve release totaling 2.2 points, related to Personal Lines auto liability claims and Business Insurance workers’ compensation claims and package business. The three months ended June 30, 2007 included current accident year reserve strengthening, totaling 0.4 points, related to Personal Lines auto liability claims.
[4]	Included in the prior year losses 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
UNDERWRITING RESULTS
Written premiums	$	1,294		$	1,313		$	1,298		$	1,248		$	1,242			(4	%)		—		$	3,872		$	3,788			(2	%)
Change in unearned premium reserve		2			18			6			(33	)		(29	)	NM				12	%		49			(56	)	NM
Earned premiums		1,292			1,295			1,292			1,281			1,271			(2	%)		(1	%)		3,823			3,844			1	%
Losses and loss adjustment expenses
Current year		821			761			793			800			801			(2	%)		—			2,366			2,394			1	%
Prior year [1]		(20	)		(15	)		6			(29	)		(26	)		(30	%)		10	%		(46	)		(49	)		(7	%)
Total losses and loss adjustment expenses		801			746			799			771			775			(3	%)		1	%		2,320			2,345			1	%
Underwriting expenses [2]		361			384			366			368			363			1	%		(1	%)		1,036			1,097			6	%
Dividends to policyholders		7			1			3			8			3			(57	%)		(63	%)		13			14			8	%
Underwriting results	$	123		$	164		$	124		$	134		$	130			6	%		(3	%)	$	454		$	388			(15	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year [3]		63.5			58.9			61.4			62.5			62.9			0.6			(0.4	)		61.9			62.3			(0.4	)
Prior year [1] [4]		(1.5	)		(1.2	)		0.5			(2.3	)		(2.1	)		0.6			(0.2	)		(1.2	)		(1.3	)		0.1
Total losses and loss adjustment expenses		62.0			57.7			61.8			60.3			60.9			1.1			(0.6	)		60.7			61.0			(0.3	)
Expenses		27.9			29.6			28.3			28.7			28.6			(0.7	)		0.1			27.1			28.5			(1.4	)
Policyholder dividends		0.5			0.1			0.2			0.6			0.3			0.2			0.3			0.3			0.4			(0.1	)
Combined ratio		90.4			87.3			90.4			89.6			89.7			0.7			(0.1	)		88.1			89.9			(1.8	)
Catastrophes
Current year		1.9			0.6			0.9			1.4			0.4			1.5			1.0			1.7			0.9			0.8
Prior year		(2.0	)		0.4			(0.1	)		—			—			(2.0	)		—			(0.6	)		(0.1	)		(0.5	)
Catastrophe ratio		(0.1	)		1.0			0.7			1.4			0.4			(0.5	)		1.0			1.0			0.8			0.2
Combined ratio before catastrophes		90.5			86.3			89.6			88.2			89.4			1.1			(1.2	)		87.1			89.1			(2.0	)
Combined ratio before catastrophes and prior year development [4]		90.0			87.9			89.1			90.5			91.4			(1.4	)		(0.9	)		87.7			90.3			(2.6	)

[1]	The nine months ended September 30, 2006 included a net reserve release of $38 related to allocated loss adjustment expense reserves on workers’ compensation and package business. The three months ended September 30, 2006 included a net catastrophe reserve release of $26, primarily related to the 2004 and 2005 hurricanes. The three months ended December 31, 2006 included a net reserve release of $20 related to allocated loss adjustment expense reserves on workers’ compensation and package business. The three months ended June 30, 2007 included a net reserve release of $30, principally related to package business and payroll alliance business. The three months ended September 30, 2007 included a reserve release of $58 on workers’ compensation business for recent accident years, partially offset by reserve strengthening of $40 on workers’ compensation business for older accident years.
[2]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $22, including $4 for the three months ended September 30, 2006. These assessments and reductions thereto related to 2004 and 2005 hurricanes. Citizens’ assessment recoupments totaled $4 for the nine months ended September 30, 2006 including $2 for the three months ended September 30, 2006. The three months ended December 31, 2006 and March 31, 2007 included Citizens’ assessment recoupments of $2. The three months ended September 30, 2007 included Citizens’ assessment recoupments of $1.
[3]	The three months ended December 31, 2006 included a current accident year reserve release totaling 2.2 points, predominantly related to workers’ compensation claims and package business.
[4]	Included in the prior year losses 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
WRITTEN PREMIUMS [1]
Small Commercial	$	657		$	666		$	740		$	694		$	664			1	%		(4	%)	$	2,062		$	2,098			2	%
Middle Market		637			647			558			554			578			(9	%)		4	%		1,810			1,690			(7	%)
Total	$	1,294		$	1,313		$	1,298		$	1,248		$	1,242			(4	%)		—		$	3,872		$	3,788			(2	%)
EARNED PREMIUMS [1]
Small Commercial	$	668		$	685		$	681		$	684		$	683			2	%		—		$	1,967		$	2,048			4	%
Middle Market		624			610			611			597			588			(6	%)		(2	%)		1,856			1,796			(3	%)
Total	$	1,292		$	1,295		$	1,292		$	1,281		$	1,271			(2	%)		(1	%)	$	3,823		$	3,844			1	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)
Small Commercial		1	%		—			(1	%)		(1	%)		(1	%)		(2	%)		—			1	%		(1	%)		(2	%)
Middle Market		(4	%)		(5	%)		(4	%)		(4	%)		(3	%)		1	%		1	%		(4	%)		(4	%)		—
Premium Retention
Small Commercial		88	%		86	%		85	%		84	%		84	%		(4	%)		—			87	%		84	%		(3	%)
Middle Market		84	%		83	%		79	%		78	%		77	%		(7	%)		(1	%)		82	%		78	%		(4	%)
New Business Premium $
Small Commercial	$	125		$	120		$	129		$	126		$	116			(7	%)		(8	%)	$	413		$	371			(10	%)
Middle Market	$	119		$	117		$	106		$	100		$	95			(20	%)		(5	%)	$	341		$	301			(12	%)
Policies in force
Small Commercial		979,655			991,979			1,005,879			1,020,262			1,031,855			5	%		1	%
Middle Market		105,610			106,130			105,641			105,970			105,944			—			—

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007		2007		Change			Change			2006			2007		Change
UNDERWRITING RESULTS
Written premiums [1]	$	1,022		$	941		$	939		$	1,039	$	1,035		1	%		—		$	2,936		$	3,013		3	%
Change in unearned premium reserve		70			(9	)		(14	)		72		51		(27	%)		(29	%)		126			109		(13	%)
Earned premiums [1]		952			950			953			967		984		3	%		2	%		2,810			2,904		3	%
Losses and loss adjustment expenses
Current year		655			622			610			660		685		5	%		4	%		1,894			1,955		3	%
Prior year [2]		(7	)		(8	)		4			4		7	NM				75	%		(30	)		15	NM
Total losses and loss adjustment expenses		648			614			614			664		692		7	%		4	%		1,864			1,970		6	%
Underwriting expenses [3]		215			228			209			219		214		—			(2	%)		625			642		3	%
Underwriting results	$	89		$	108		$	130		$	84	$	78		(12	%)		(7	%)	$	321		$	292		(9	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year [4]		68.6			65.7			64.0			68.4		69.5		(0.9	)		(1.1	)		67.3			67.3		—
Prior year [2] [5]		(0.7	)		(0.9	)		0.5			0.3		0.7		(1.4	)		(0.4	)		(1.1	)		0.5		(1.6	)
Total losses and loss adjustment expenses		67.9			64.8			64.5			68.7		70.1		(2.2	)		(1.4	)		66.3			67.8		(1.5	)
Expenses		22.8			23.8			21.9			22.6		21.9		0.9			0.7			22.3			22.1		0.2
Combined ratio		90.7			88.6			86.4			91.3		92.0		(1.3	)		(0.7	)		88.6			89.9		(1.3	)
Catastrophes		2.3																						2.6
Current year		2.3			3.0			1.8			3.3		2.6		(0.3	)		0.7			3.2			2.6		0.6
Prior year		(1.1	)		0.3			—			0.3		0.4		(1.5	)		(0.1	)		(0.6	)		0.2		(0.8	)
Catastrophe ratio		1.2			3.3			1.8			3.6		3.0		(1.8	)		0.6			2.6			2.8		(0.2	)
Combined ratio before catastrophes		89.5			85.3			84.6			87.7		89.0		0.5			(1.3	)		85.9			87.1		(1.2	)
Combined ratio before catastrophes and prior year development [5] [6]		89.0			86.5			84.1			87.7		88.7		0.3			(1.0	)		86.4			86.9		(0.5	)
COMBINED RATIO
Automobile		96.6			92.5			90.7			95.9		95.9		0.7			—			94.0			94.2		(0.2	)
Homeowners		73.7			77.5			74.8			79.0		81.9		(8.2	)		(2.9	)		72.9			78.6		(5.7	)
Total		90.7			88.6			86.4			91.3		92.0		(1.3	)		(0.7	)		88.6			89.9		(1.3	)

[1]	Written premiums for Omni for the three months ended March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 were $37, $30, $27 and $14, respectively. Earned premiums for Omni for the three months ended March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 were $39, $36, $33 and $19, respectively.
[2]	The three and nine months ended September 30, 2006 included a net release of catastrophe reserves of $11 and $17, respectively, primarily related to the 2004 and 2005 hurricanes.
[3]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $19, including $3 for the three months ended September 30, 2006. These assessments and reductions thereto related to 2004 and 2005 hurricanes. Citizens’ assessment recoupments totaled $3 for the nine months ended September 30, 2006 including $2 for the three months ended September 30, 2006. The three months ended December 31, 2006 and March 31, 2007 included Citizens’ assessment recoupments of $2. The three months ended June 30, 2007 included Citizens’ assessment recoupments of $1.
[4]	The three months ended December 31, 2006 included a current accident year reserve release totaling 3.1 points, predominantly related to auto liability claims. The three months ended June 30, 2007 included current accident year reserve strengthening, totaling 1.1 points, related to auto liability claims.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[6]	Excluding the effect of Omni, the Personal Lines combined ratio before catastrophes and prior accident year development for the three months ended September 30, 2006 and December 31, 2006 was 88.0 and 85.8, respectively, and for the nine months ended September 30, 2006 was 85.2.

PC-9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	683		$	630		$	650		$	727		$	724			6	%		—		$	1,950		$	2,101			8	%
Agency		291			276			269			293			294			1	%		—			824			856			4	%
Other		48			35			20			19			17			(65	%)		(11	%)		162			56			(65	%)
Total	$	1,022		$	941		$	939		$	1,039		$	1,035			1	%		—		$	2,936		$	3,013			3	%
EARNED PREMIUMS [1]
AARP	$	624		$	635		$	653		$	663		$	680			9	%		3	%	$	1,831		$	1,996			9	%
Agency		271			273			277			282			283			4	%		—			795			842			6	%
Other		57			42			23			22			21			(63	%)		(5	%)		184			66			(64	%)
Total	$	952		$	950		$	953		$	967		$	984			3	%		2	%	$	2,810		$	2,904			3	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	737		$	694		$	699		$	739		$	732			(1	%)		(1	%)	$	2,162		$	2,170			—
Homeowners		285			247			240			300			303			6	%		1	%		774			843			9	%
Total	$	1,022		$	941		$	939		$	1,039		$	1,035			1	%		—		$	2,936		$	3,013			3	%
EARNED PREMIUMS [1]
Automobile	$	708		$	703		$	693		$	705		$	712			1	%		1	%	$	2,089		$	2,110			1	%
Homeowners		244			247			260			262			272			11	%		4	%		721			794			10	%
Total	$	952		$	950		$	953		$	967		$	984			3	%		2	%	$	2,810		$	2,904			3	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)
Automobile		(1	%)		(1	%)		—			—			—			1	%		—			(1	%)		—			1	%
Homeowners		4	%		6	%		8	%		6	%		5	%		1	%		(1	%)		4	%		6	%		2	%
Premium Retention
Automobile		87	%		87	%		89	%		88	%		88	%		1	%		—			87	%		88	%		1	%
Homeowners		95	%		93	%		100	%		97	%		94	%		(1	%)		(3	%)		95	%		97	%		2	%
New Business Premium $
Automobile	$	129		$	117		$	117		$	115		$	108			(16	%)		(6	%)	$	352		$	340			(3	%)
Homeowners	$	46		$	39		$	37		$	39		$	36			(22	%)		(8	%)	$	122		$	112			(8	%)
Policies in force
Automobile		2,314,116			2,276,165			2,313,512			2,342,883			2,359,246			2	%		1	%
Homeowners		1,445,973			1,460,679			1,478,797			1,496,354			1,503,681			4	%		—

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007		Change
UNDERWRITING RESULTS
Written premiums	$	383		$	369		$	385		$	387		$	351			(8	%)		(9	%)	$	1,227		$	1,123		(8	%)
Change in unearned premium reserve		(5	)		(11	)		7			14			(20	)	NM			NM				57			1		(98	%)
Earned premiums		388			380			378			373			371			(4	%)		(1	%)		1,170			1,122		(4	%)
Losses and loss adjustment expenses
Current year		247			267			250			256			241			(2	%)		(6	%)		796			747		(6	%)
Prior year [1]		(1	)		2			(6	)		13			8		NM				(38	%)		33			15		(55	%)
Total losses and loss adjustment expenses		246			269			244			269			249			1	%		(7	%)		829			762		(8	%)
Underwriting expenses		100			100			94			103			103			3	%		—			293			300		2	%
Dividends to policyholders		1			(8	)		1			2			2			100	%		—			3			5		67	%
Underwriting results	$	41		$	19		$	39		$	(1	)	$	17			(59	%)	NM			$	45		$	55		22	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current year		64.0			69.7			65.8			68.5			65.6			(1.6	)		2.9			68.1			66.6		1.5
Prior year [1] [2]		(0.5	)		0.7			(1.7	)		3.7			2.3			(2.8	)		1.4			2.8			1.4		1.4
Total losses and loss adjustment expenses		63.5			70.4			64.1			72.2			67.9			(4.4	)		4.3			70.9			68.0		2.9
Expenses		25.4			26.9			25.0			27.6			27.4			(2.0	)		0.2			25.0			26.7		(1.7	)
Policyholder dividends		0.5			(2.1	)		0.4			0.4			0.3			0.2			0.1			0.3			0.4		(0.1	)
Combined ratio		89.4			95.1			89.6			100.3			95.6			(6.2	)		4.7			96.2			95.1		1.1
Catastrophes
Current year		0.7			—			0.1			0.6			0.2			0.5			0.4			0.7			0.3		0.4
Prior year		(0.5	)		(1.2	)		(1.1	)		—			1.3			(1.8	)		(1.3	)		(2.8	)		0.1		(2.9	)
Catastrophe ratio		0.1			(1.3	)		(1.0	)		0.6			1.5			(1.4	)		(0.9	)		(2.1	)		0.4		(2.5	)
Combined ratio before catastrophes		89.2			96.4			90.6			99.7			94.2			(5.0	)		5.5			98.3			94.8		3.5
Combined ratio before catastrophes and prior year development [2]		89.2			94.4			91.2			96.0			93.1			(3.9	)		2.9			92.6			93.4		(0.8	)

[1]	The nine months ended September 30, 2006 included a net catastrophe reserve release of $30, primarily related to the 2004 and 2005 hurricanes and an increase of $45 for construction defects claims.
[2]	Included in the prior year losses 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			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2006		2006		2007		2007		2007		Change			Change			2006		2007		Change
WRITTEN PREMIUMS [1]
Property	$	49	$	51	$	41	$	59	$	44		(10	%)		(25	%)	$	161	$	144		(11	%)
Casualty		130		112		164		129		114		(12	%)		(12	%)		458		407		(11	%)
Professional Liability, Fidelity and Surety		179		187		159		178		173		(3	%)		(3	%)		510		510		—
Other		25		19		21		21		20		(20	%)		(5	%)		98		62		(37	%)
Total	$	383	$	369	$	385	$	387	$	351		(8	%)		(9	%)	$	1,227	$	1,123		(8	%)
EARNED PREMIUMS [1]
Property	$	51	$	53	$	52	$	49	$	52		2	%		6	%	$	160	$	153		(4	%)
Casualty		146		132		135		133		124		(15	%)		(7	%)		435		392		(10	%)
Professional Liability, Fidelity and Surety		171		165		170		168		176		3	%		5	%		485		514		6	%
Other		20		30		21		23		19		(5	%)		(17	%)		90		63		(30	%)
Total	$	388	$	380	$	378	$	373	$	371		(4	%)		(1	%)	$	1,170	$	1,122		(4	%)

[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
OTHER OPERATIONS
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
UNDERWRITING RESULTS
Written premiums	$	—		$	2		$	—		$	1		$	2			—			100	%	$	2		$	3			50	%
Change in unearned premium reserve		—			(1	)		—			—			—			—			—			—			—			—
Earned premiums		—			3			—			1			2			—			100	%		2			3			50	%
Losses and loss adjustment expenses
Current year		—			—			—			—			—			—			—			—			—			—
Prior year [1]		58			16			18			116			39			(33	%)		(66	%)		344			173			(50	%)
Total losses and loss adjustment expenses		58			16			18			116			39			(33	%)		(66	%)		344			173			(50	%)
Underwriting expenses		4			4			6			5			6			50	%		20	%		7			17			143	%
Underwriting results	$	(62	)	$	(17	)	$	(24	)	$	(120	)	$	(43	)		31	%		64	%	$	(349	)	$	(187	)		46	%
Net investment income		60			66			62			61			61			2	%		—			195			184			(6	%)
Other expenses		—			(1	)		—			(2	)		(1	)		—			50	%		—			(3	)		—
Income tax benefit (expense)		5			(12	)		(10	)		25			(3	)	NM			NM				66			12			(82	%)
Core earnings		3			36			28			(36	)		14		NM			NM				(88	)		6		NM
Add: Net realized capital gains (losses), after-tax		3			12			4			(4	)		(2	)	NM				50	%		5			(2	)	NM
Net income (loss)	$	6		$	48		$	32		$	(40	)	$	12			100	%	NM			$	(83	)	$	4		NM

[1] The nine months ended September 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. The three months ended September 30, 2006 included environmental reserve strengthening of $43. The three months ended June 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended September 30, 2007 included environmental reserve strengthening of $25.

PC-13

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

For the Three Months Ended September 30, 2007	Asbestos			Environmental			AllOther [1]			Total
Beginning liability — net [2] [3]	$	2,145		$	282		$	1,979		$	4,406
Losses and loss adjustment expenses incurred		3			25			11			39
Losses and loss adjustment expenses paid		(63	)		(17	)		(69	)		(149	)
Ending liability – net [2] [3]	$	2,085	[5]	$	290		$	1,921		$	4,296

For the Nine Months Ended September 30, 2007	Asbestos			Environmental			AllOther [1]			Total
Beginning liability — net [2] [3]	$	2,242		$	316		$	1,858		$	4,416
Losses and loss adjustment expenses incurred		19			25			129			173
Losses and loss adjustment expenses paid		(176	)		(51	)		(191	)		(418	)
Reallocation of reserves for unallocated loss adjustment expenses [4]		—			—			125			125
Ending liability – net [2] [3]	$	2,085	[5]	$	290		$	1,921		$	4,296

[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 $9 and $6, respectively, as of September 30, 2007, $9 and $6, respectively, as of June 30, 2007, and $9 and $6, respectively, as of December 31, 2006. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three and nine months ended September 30, 2007 includes $3 and $6 , respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three and nine months ended September 30, 2007 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 $2,808 and $301, respectively, as of September 30, 2007, $2,867 and $316, respectively, as of June 30, 2007, and $3,242 and $362, respectively, as of December 31, 2006.
[4]	Prior to the second quarter of 2007, the Company evaluated the adequacy of reserves for unallocated loss adjustment expenses on a company-wide basis.During the quarter ended June 30, 2007, the Company refined its analysis of the reserves at a segment level, resulting in the reallocation of reserves among segments, including a reallocation of reserves from Ongoing Operations to Other Operations.
[5]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $235 and $264, respectively, resulting in a one year net survival ratio of 8.9 and a three year net survival ratio of 7.9. Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

THE HARTFORD FINANCIAL SERVICES COMPANY
PROPERTY & CASUALTY
SUMMARY OF GROSS ENVIRONMENTAL RESERVES

	As of September 30, 2007
	Number of Accounts [1]		Total Reserves
Accounts with future exposure > $2.5		8	$	38
Accounts with future exposure < $2.5		520		100
Other Direct [2]		—		29
Total		528	$	167
Assumed Reinsurance				87
London Market				47
Total Gross Environmental Reserves [3] [4]			$	301

[1]	Number of accounts established as of June 2007.
[2]	Includes unallocated IBNR.
[3]	The one-year gross paid amount for total environmental claims is $133, resulting in a one-year gross survival ratio of 2.3.
[4]	The three-year average annual gross paid amount for total environmental claims is $114, resulting in a three-year gross survival ratio of 2.6.

PC-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PAID AND INCURRED LOSSES AND LOSS ADJUSTMENT EXPENSES (“LAE”)
DEVELOPMENT — ASBESTOS AND ENVIRONMENTAL

	Asbestos [1]					Environmental [1]
	Paid			Incurred		Paid			Incurred
For the Three Months Ended September 30, 2007	Losses & LAE			Losses & LAE		Losses & LAE			Losses & LAE
Gross
Direct	$	60		$	2	$	51		$	43
Assumed — Domestic		12			—		5			—
London Market		(10	)		—		3			—
Total		62			2		59			43
Ceded		1			1		(42	)		(18	)
Net	$	63		$	3	$	17		$	25

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Nine Months Ended September 30, 2007	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
Gross
Direct	$	173		$	(291	)	$	84		$	43
Assumed — Domestic		102			72			13			—
London Market		16			76			7			—
Total		291			(143	)		104			43
Ceded		(115	)		162			(53	)		(18	)
Net	$	176		$	19		$	51		$	25

[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 nine months ended September 30, 2007 includes $5 and $7, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and nine months ended September 30, 2007 includes $3 and $7, respectively, related to asbestos and environmental claims.

PC-16

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

	For the Three Months Ended September 30, 2007
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 7/1/07 - gross	$	7,866		$	1,846		$	6,888		$	16,600		$	5,390		$	21,990
Reinsurance and other recoverables		592			76			2,366			3,034			984			4,018
Liabilities for unpaid losses and loss adjustment expenses at 7/1/07 - net		7,274			1,770			4,522			13,566			4,406			17,972
Provision for unpaid losses and loss adjustment expenses
Current year		801			685			241			1,727			—			1,727
Prior year		(26	)		7			8			(11	)		39			28
Total provision for unpaid losses and loss adjustment expenses		775			692			249			1,716			39			1,755
Payments		(590	)		(620	)		(199	)		(1,409	)		(149	)		(1,558	)
Liabilities for unpaid losses and loss adjustment expenses at 9/30/07 - net		7,459			1,842			4,572			13,873			4,296			18,169
Reinsurance and other recoverables		583			56			2,407			3,046			982			4,028
Liabilities for unpaid losses and loss adjustment expenses at 9/30/07 - gross	$	8,042		$	1,898		$	6,979		$	16,919		$	5,278		$	22,197
Earned premiums	$	1,271		$	984		$	371		$	2,626		$	2		$	2,628
Loss and loss expense paid ratio		46.3			62.8			54.4			53.6
Loss and loss expense incurred ratio		60.9			70.1			67.9			65.3
Prior accident year development (pts.)		(2.1	)		0.7			2.3			(0.4	)

PC-17

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

	For the Nine Months Ended September 30, 2007
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/07 - gross	$	7,794		$	1,959		$	6,522		$	16,275		$	5,716		$	21,991
Reinsurance and other recoverables		650			134			2,303			3,087			1,300			4,387
Liabilities for unpaid losses and loss adjustment expenses at 1/1/07 - net		7,144			1,825			4,219			13,188			4,416			17,604
Provision for unpaid losses and loss adjustment expenses
Current year		2,394			1,955			747			5,096			—			5,096
Prior year		(49	)		15			15			(19	)		173			154
Total provision for unpaid losses and loss adjustment expenses		2,345			1,970			762			5,077			173			5,250
Payments		(1,832	)		(1,895	)		(540	)		(4,267	)		(418	)		(4,685	)
Reallocation of reserves for unallocated loss adjustment expenses [1]		(198	)		(58	)		131			(125	)		125			—
Liabilities for unpaid losses and loss adjustment expenses at 9/30/07 - net		7,459			1,842			4,572			13,873			4,296			18,169
Reinsurance and other recoverables		583			56			2,407			3,046			982			4,028
Liabilities for unpaid losses and loss adjustment expenses at 9/30/07 - gross	$	8,042		$	1,898		$	6,979		$	16,919		$	5,278		$	22,197
Earned premiums	$	3,844		$	2,904		$	1,122		$	7,870		$	3		$	7,873
Loss and loss expense paid ratio		47.6			65.2			48.3			54.2
Loss and loss expense incurred ratio		61.0			67.8			68.0			64.5
Prior accident year development (pts.)		(1.3	)		0.5			1.4			(0.2	)

[1] Prior to the second quarter of 2007, the Company evaluated the adequacy of the reserves for unallocated loss adjustment expenses on a company-wide basis. During the quarter ended June 30, 2007, the Company refined its analysis of the reserves at the segment level, resulting in the reallocation of reserves among segments.

PC-18

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

	September 30,			December 31,
	2007			2006
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	442		$	460
Unpaid Loss and Loss Adjustment Expenses		3,907			4,417
Subtotal Gross Reinsurance Recoverables		4,349			4,877
Less: Allowance for Uncollectible Reinsurance		(421	)		(412	)
Net Reinsurance Recoverables	$	3,928		$	4,465

	As of December 31, 2006
Distribution of Gross Reinsurance Recoverables	Amount			% of Total
Gross Reinsurance Recoverables	$	4,877
Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(673	)
Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	4,204
Rated A- (Excellent) or better by A.M. Best [1]	$	3,050			72.5	%
Other Rated by A.M. Best		162			3.9	%
Total Rated Companies		3,212			76.4	%
Voluntary Pools		223			5.3	%
Captives		197			4.7	%
Other Not Rated Companies		572			13.6	%
Total	$	4,204			100.0	%

[1] Based on A.M. Best ratings at December 31, 2006.

PC-19

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Earned premiums	$	2,632		$	2,628		$	2,623		$	2,622		$	2,628			—			—		$	7,805		$	7,873			1	%
Net investment income		359			405			413			446			407			13	%		(9	%)		1,081			1,266			17	%
Other revenues		118			118			118			124			126			7	%		2	%		355			368			4	%
Net realized capital gains (losses)		16			17			23			(24	)		(75	)	NM			NM				(8	)		(76	)	NM
Total revenues		3,125			3,168			3,177			3,168			3,086			(1	%)		(3	%)		9,233			9,431			2	%
Losses and loss adjustment expenses [1]		1,753			1,645			1,675			1,820			1,755			—			(4	%)		5,357			5,250			(2	%)
Amortization of deferred policy acquisition costs		531			534			528			528			525			(1	%)		(1	%)		1,572			1,581			1	%
Insurance operating costs and expenses [2]		157			175			151			177			166			6	%		(6	%)		405			494			22	%
Other expenses		143			165			167			168			174			22	%		4	%		478			509			6	%
Total benefits and expenses		2,584			2,519			2,521			2,693			2,620			1	%		(3	%)		7,812			7,834			—
Income before income taxes		541			649			656			475			466			(14	%)		(2	%)		1,421			1,597			12	%
Income tax expense		160			151			195			131			113			(29	%)		(14	%)		400			439			10	%
Net income		381			498			461			344			353			(7	%)		3	%		1,021			1,158			13	%
Less: Net realized capital gains (losses), after-tax [3] [4]		10			50			13			(18	)		(52	)	NM				(189	%)		(6	)		(57	)	NM
Core earnings	$	371		$	448		$	448		$	362		$	405			9	%		12	%	$	1,027		$	1,215			18	%
Total Property & Casualty effective tax rate — net income		29.7	%		23.3	%		29.7	%		27.6	%		24.2	%		(5.5	)		(3.4	)		28.2	%		27.5	%		(0.7	)
Total Property & Casualty effective tax rate — core earnings		29.5	%		29.4	%		29.5	%		27.9	%		25.8	%		(3.7	)		(2.1	)		28.2	%		27.8	%		(0.4	)

[1]	The nine months ended September 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. The three months ended December 31, 2006 included a current accident year reserve release of $58, predominantly related to Personal Lines auto liability claims and Business Insurance workers’ compensation claims and pa ckage business. The three months ended June 30, 2007 included prior accident year reserve development of $99, principally as a result of an adverse arbitration decision, and current accident year reserve strengthening of $10, related to Personal Lines auto liability claims.
[2]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $41, including $7 for the three months ended September 30, 2006. These assessments and reductions thereto related to 2004 and 2005 hurricanes. Citizens’ assessment recoupments totaled $7 for the nine months ended September 30, 2006 including $4 for the three months ended September 30, 2006. The three months ended December 31, 2006 and March 31, 2007 included Citizens’ assessment recoupments of $4. The three months ended June 30, 2007 and September 30, 2007 included Citizens’ assessment recoupments of $1.
[3]	The three months ended December 31, 2006 included a $25 after-tax gain on the sale of Omni.
[4]	Includes those net realized capital gains (losses) not included in core earnings.

PC-20

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

	AS OF											Year Over
	Sept. 30,		Dec. 31,			Mar. 31,		Jun. 30,		Sept. 30,		Year			Sequential
	2006		2006			2007		2007		2007		Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	26,460	$	27,178		$	27,138	$	27,468	$	27,417		4	%		—
Equity securities, available for sale, at fair value		783		873			861		947		1,071		37	%		13	%
Mortgage loans		291		409			506		655		685		135	%		5	%
Other investments		843		840			938		1,132		1,217		44	%		8	%
Total investments		28,377		29,300			29,443		30,202		30,390		7	%		1	%
Cash		156		225			229		190		183		17	%		(4	%)
Premiums receivable and agents’ balances		3,308		3,251			3,312		3,436		3,363		2	%		(2	%)
Reinsurance recoverables		4,232		4,465			4,373		3,966		3,928		(7	%)		(1	%)
Deferred policy acquisition costs		1,202		1,197			1,201		1,212		1,223		2	%		1	%
Deferred income tax		715		608			520		686		633		(11	%)		(8	%)
Goodwill		152		149			149		149		149		(2	%)		—
Property and equipment, net		523		543			558		552		569		9	%		3	%
Other assets		1,404		1,281			1,475		1,403		1,462		4	%		4	%
Total assets	$	40,069	$	41,019		$	41,260	$	41,796	$	41,900		5	%		—
Unpaid losses and loss adjustment expenses	$	21,849	$	21,991		$	21,987	$	21,990	$	22,197		2	%		1	%
Unearned premiums		5,589		5,522			5,537		5,576		5,540		(1	%)		(1	%)
Other liabilities		2,884		3,321			4,623		4,870		4,883		69	%		—
Total liabilities		30,322		30,834			32,147		32,436		32,620		8	%		1	%
Equity, x-AOCI, net of tax		9,451		9,851			8,781		9,323		9,214		(3	%)		(1	%)
AOCI, net of tax		296		334			332		37		66		(78	%)		78	%
Total stockholders’ equity		9,747		10,185			9,113		9,360		9,280		(5	%)		(1	%)
Total liabilities and stockholders’ equity	$	40,069	$	41,019		$	41,260	$	41,796	$	41,900		5	%		—
Hartford Fire NAIC RBC				588	%

PC-21

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

	Jun. 30, 2007			Dec. 31, 2006
Adjusted Statutory Capital and Surplus	$	8,399		$	8,230
GAAP Adjustments
Deferred policy acquisition costs		1,212			1,197
Deferred taxes		(389	)		(320	)
Benefit reserves		(103	)		(107	)
Unrealized gains on investments		74			418
Goodwill		149			149
Non-admitted assets		1,106			939
Other, net		(1,088	)		(321	)
GAAP Stockholders’ Equity	$	9,360		$	10,185

PC-22

INVESTMENTS

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

																Year Over
	THREE MONTHS ENDED																Year			Sequential		NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month				SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	937		$	988		$	1,002		$	1,004		$	1,048			12	%		4	%	$	2,745		$	3,054			11	%
Tax-exempt		132			133			133			137			137			4	%		—			400			407			2	%
Total fixed maturities		1,069			1,121			1,135			1,141			1,185			11	%		4	%		3,145			3,461			10	%
Equities
Available-for-sale		23			25			28			34			36			57	%		6	%		67			98			46	%
Held for trading		1,185			1,155			210			1,234			(698	)	NM			NM				669			746			12	%
Total equities		1,208			1,180			238			1,268			(662	)	NM			NM				736			844			15	%
Mortgage loans		42			49			57			76			79			88	%		4	%		109			212			94	%
Policy loans		37			36			36			34			32			(14	%)		(6	%)		106			102			(4	%)
Limited partnerships		26			39			51			87			49			88	%		(44	%)		67			187			179	%
Other hedge funds based investments [2]		(7	)		13			15			20			(7	)		—		NM				14			28			100	%
Other [3]		(3	)		(16	)		(27	)		(30	)		(51	)	NM				(70	%)		3			(108	)	NM
Subtotal		2,372			2,422			1,505			2,596			625			(74	%)		(76	%)		4,180			4,726			13	%
Less: Investment expense		23			25			22			26			25			9	%		(4	%)		62			73			18	%
Total net investment income (loss)	$	2,349		$	2,397		$	1,483		$	2,570		$	600			(74	%)		(77	%)	$	4,118		$	4,653			13	%
Less: Securities held for trading		1,185			1,155			210			1,234			(698	)	NM			NM				669			746			12	%
Total net investment income excluding trading securities	$	1,164		$	1,242		$	1,273		$	1,336		$	1,298			12	%		(3	%)	$	3,449		$	3,907			13	%
Annualized investment yield, before-tax [4]		5.6	%		5.9	%		5.9	%		6.1	%		5.8	%		0.2			(0.3	)		5.6	%		6.0	%		0.4
Annualized investment yield, after-tax [4]		3.9	%		4.0	%		4.1	%		4.2	%		4.0	%		0.1			(0.2	)		3.9	%		4.1	%		0.2
Net Realized Capital Gains (Losses)
Gross gains on sale	$	103		$	137		$	124		$	74		$	56			(46	%)		(24	%)	$	283		$	254			(10	%)
Gross losses on sale		(107	)		(84	)		(66	)		(88	)		(81	)		24	%		8	%		(337	)		(235	)		30	%
Impairments
Credit related		(3	)		(7	)		(12	)		(10	)		(42	)	NM			NM				(3	)		(64	)	NM
Other [5]		(18	)		(4	)		(3	)		(30	)		(68	)	NM				(127	%)		(107	)		(101	)		6	%
Total impairments		(21	)		(11	)		(15	)		(40	)		(110	)	NM				(175	%)		(110	)		(165	)		(50	%)
Japanese fixed annuity contract hedges, net [6]		38			3			5			(17	)		15			(61	%)	NM				(20	)		3		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(11	)		(12	)		(9	)		(10	)		(4	)		64	%		60	%		(32	)		(23	)		28	%
GMWB derivatives, net [8]		9			—			22			(133	)		(139	)	NM				(5	%)		(26	)		(250	)	NM
Other net gain (loss) [9]		16			(11	)		(15	)		(34	)		(100	)	NM				(194	%)		(31	)		(149	)	NM
Total net realized capital gains (losses)	$	27		$	22		$	46		$	(248	)	$	(363	)	NM				(46	%)	$	(273	)	$	(565	)		(107	%)

[1]	Includes income on short-term bonds.
[2]	Primarily hedge fund investments outside of limited partnerships.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included to a lesser extent are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost or amortized cost, as applicable, excluding equity securities held for trading and collateral received associated with the securities lending program as well as consolidated variable interest entity minority interests.
[5]	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 impairment 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.
[6]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[7]	Included in core earnings.
[8]	The net losses for 2007 were primarily the result of liability model assumption updates and model refinements. Liability model assumption updates were made during the second and third quarters to reflect newly reliable market inputs for volatility.
[9]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments. In addition, the three months ended December 31, 2006 includes a before-tax benefit of $35 received from the WorldCom security settlement and a before-tax loss of $24 from the sale of Omni.

I-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential				NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month				SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	692		$	714		$	727		$	731		$	762			10	%		4	%	$	2,028		$	2,220			9	%
Tax-exempt		29			30			30			31			32			10	%		3	%		88			93			6	%
Total fixed maturities		721			744			757			762			794			10	%		4	%		2,116			2,313			9	%
Equities
Available-for-sale		13			15			18			22			23			77	%		5	%		41			63			54	%
Held for trading		1,185			1,155			210			1,234			(698	)	NM			NM				669			746			12	%
Total equities		1,198			1,170			228			1,256			(675	)	NM			NM				710			809			14	%
Mortgage loans		38			44			50			66			68			79	%		3	%		98			184			88	%
Policy loans		37			36			36			34			32			(14	%)		(6	%)		106			102			(4	%)
Limited partnerships		14			23			32			46			23			64	%		(50	%)		46			101			120	%
Other [2]		(4	)		(19	)		(24	)		(27	)		(39	)	NM				(44	%)		(3	)		(90	)	NM
Subtotal		2,004			1,998			1,079			2,137			203			(90	%)		(91	%)		3,073			3,419			11	%
Less: Investment expense		17			18			17			19			18			6	%		(5	%)		45			54			20	%
Total net investment income (loss)	$	1,987		$	1,980		$	1,062		$	2,118		$	185			(91	%)		(91	%)	$	3,028		$	3,365			11	%
Less: Securities held for trading		1,185			1,155			210			1,234			(698	)	NM			NM				669			746			12	%
Total net investment income excluding trading securities	$	802		$	825		$	852		$	884		$	883			10	%		—		$	2,359		$	2,619			11	%
Annualized investment yield, before-tax [3]		5.8	%		5.9	%		5.9	%		6.1	%		6.0	%		0.2			(0.1	)		5.7	%		6.0	%		0.3
Annualized investment yield, after-tax [3]		3.8	%		3.9	%		3.9	%		4.0	%		4.0	%		0.2			—			3.8	%		4.0	%		0.2
Net Realized Capital Gains (Losses)
Gross gains on sale	$	61		$	65		$	72		$	36		$	25			(59	%)		(31	%)	$	150		$	133			(11	%)
Gross losses on sale		(66	)		(50	)		(40	)		(52	)		(45	)		32	%		13	%		(207	)		(137	)		34	%
Impairments
Credit related		(3	)		(7	)		(12	)		—			(31	)	NM				—			(3	)		(43	)	NM
Other [4]		(14	)		—			(2	)		(20	)		(44	)	NM				(120	%)		(66	)		(66	)		—
Total impairments		(17	)		(7	)		(14	)		(20	)		(75	)	NM			NM				(69	)		(109	)		(58	%)
Japanese fixed annuity contract hedges, net [5]		38			3			5			(17	)		15			(61	%)	NM				(20	)		3		NM
Periodic net coupon settlements on credit derivatives/Japan [6]		(12	)		(14	)		(12	)		(13	)		(9	)		25	%		31	%		(34	)		(34	)		—
GMWB derivatives, net [7]		9			—			22			(133	)		(139	)	NM				(5	%)		(26	)		(250	)	NM
Other net gain (loss) [8]		(2	)		8			(10	)		(22	)		(60	)	NM				(173	%)		(59	)		(92	)		(56	%)
Total net realized capital gains (losses)	$	11		$	5		$	23		$	(221	)	$	(288	)	NM				(30	%)	$	(265	)	$	(486	)		(83	%)

[1]	Includes income on short-term bonds.
[2]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included to a lesser extent are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[3]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost or amortized cost, as applicable, excluding equity securities held for trading and collateral received associated with the securities lending program as well as consolidated variable interest entity minority interests.
[4]	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 impairment 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.
[5]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[6]	Included in core earnings.
[7]	The net losses for 2007 were primarily the result of liability model assumption updates and model refinements. Liability model assumption updates were made during the second and third quarters to reflect newly reliable market inputs for volatility.
[8]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments. In addition, the three months ended December 31, 2006 includes a before-tax benefit of $25 received from the WorldCom security settlement.

I-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential				NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month				SEPTEMBER 30,
	2006			2006			2007			2007			2007			Change			Change			2006			2007			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	242		$	263		$	267		$	267		$	278			15	%		4	%	$	708		$	812			15	%
Tax-exempt		103			103			103			106			105			2	%		(1	%)		312			314			1	%
Total fixed maturities		345			366			370			373			383			11	%		3	%		1,020			1,126			10	%
Equities — available-for-sale		10			9			10			12			12			20	%		—			26			34			31	%
Mortgage loans		4			5			7			10			11			175	%		10	%		11			28			155	%
Limited partnerships		12			16			19			41			26			117	%		(37	%)		21			86		NM
Other hedge funds based investments [2]		(7	)		13			15			20			(7	)		—		NM				14			28			100	%
Other [3]		1			3			(3	)		(3	)		(11	)	NM			NM				6			(17	)	NM
Subtotal		365			412			418			453			414			13	%		(9	%)		1,098			1,285			17	%
Less: Investment expense		6			7			5			7			7			17	%		—			17			19			12	%
Total net investment income (loss)	$	359		$	405		$	413		$	446		$	407			13	%		(9	%)	$	1,081		$	1,266			17	%
Annualized investment yield, before-tax [4]		5.3	%		5.8	%		5.9	%		6.3	%		5.6	%		0.3			(0.7	)		5.4	%		5.9	%		0.5
Annualized investment yield, after-tax [4]		3.9	%		4.3	%		4.4	%		4.7	%		4.1	%		0.2			(0.6	)		4.0	%		4.4	%		0.4
Net Realized Capital Gains (Losses)
Gross gains on sale	$	42		$	72		$	52		$	38		$	31			(26	%)		(18	%)	$	133		$	121			(9	%)
Gross losses on sale		(41	)		(34	)		(26	)		(36	)		(36	)		12	%		—			(130	)		(98	)		25	%
Impairments
Credit related		—			—			—			(10	)		(11	)		—			(10	%)		—			(21	)		—
Other [5]		(4	)		(4	)		(1	)		(10	)		(24	)	NM				(140	%)		(41	)		(35	)		15	%
Total impairments		(4	)		(4	)		(1	)		(20	)		(35	)	NM				(75	%)		(41	)		(56	)		(37	%)
Periodic net coupon settlements on credit derivatives [6]		1			2			3			3			5		NM				67	%		2			11		NM
Other net gain (loss) [7]		18			(19	)		(5	)		(9	)		(40	)	NM			NM				28			(54	)	NM
Total net realized capital gains (losses)	$	16		$	17		$	23		$	(24	)	$	(75	)	NM			NM			$	(8	)		(76	)	NM

[1]	Includes income on short-term bonds.
[2]	Primarily hedge fund investments outside of limited partnerships.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included to a lesser extent are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income divided by the monthly weighted average invested assets at cost or amortized cost, as applicable, excluding the collateral received associated with the securities lending program.
[5]	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 impairment 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.
[6]	Included in core earnings.
[7]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains. In addition, the three months ended December 31, 2006 includes a before-tax benefit of $10 received from the WorldCom security settlement and a before-tax loss of $24 from the sale of Omni.

I-3

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

													Year Over
	THREE MONTHS ENDED												Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2006		2006		2007		2007			2007			Change			Change			2006		2007			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	3	$	11	$	8	$	6		$	8			167	%		33	%	$	9	$	22			144	%
Total fixed maturities		3		11		8		6			8			167	%		33	%		9		22			144	%
Equities — available-for-sale		—		1		—		—			1			—			—			—		1			—
Other		—		—		—		—			(1	)		—			—			—		(1	)		—
Total net investment income	$	3	$	12	$	8	$	6		$	8			167	%		33	%		9		22			144	%
Net Realized Capital Gains (Losses)
Other net gain (loss) [2]	$	—	$	—	$	—	$	(3	)	$	—			—			100	%		—		(3	)		—

[1]	Includes income on short-term bonds.
[2]	Primarily consists of changes in fair value on non-qualifying derivatives.

I-4

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

	September 30,					December 31,					March 31,					June 30,					September 30,
	2006					2006					2007					2007					2007
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	78,705		68.5	%	$	80,755		67.8	%	$	81,566		66.3	%	$	81,636		65.2	%	$	81,818		63.3	%
Equity securities, at fair value
Available-for-sale [2]		1,594		1.4	%		1,739		1.4	%		2,212		1.8	%		2,390		1.9	%		2,449		1.9	%
Held for trading		27,863		24.3	%		29,393		24.7	%		30,805		25.1	%		31,843		25.4	%		34,901		27.0	%
Total equity securities, at fair value		29,457		25.7	%		31,132		26.1	%		33,017		26.9	%		34,233		27.3	%		37,350		28.9	%
Policy loans, at outstanding balance		2,057		1.8	%		2,051		1.7	%		2,099		1.7	%		2,052		1.6	%		2,050		1.6	%
Mortgage loans, at cost		2,742		2.4	%		3,318		2.8	%		4,015		3.3	%		4,891		3.9	%		5,236		4.1	%
Limited partnerships		1,095		1.0	%		1,244		1.0	%		1,500		1.2	%		1,733		1.4	%		1,913		1.5	%
Other hedge funds based investments [3]		339		0.3	%		352		0.3	%		367		0.3	%		387		0.3	%		380		0.3	%
Other investments [4]		329		0.3	%		321		0.3	%		379		0.3	%		385		0.3	%		445		0.3	%
Total investments	$	114,724		100.0	%	$	119,173		100.0	%	$	122,943		100.0	%	$	125,317		100.0	%	$	129,192		100.0	%
Less: Equity securities held for trading		27,863		24.3	%		29,393		24.7	%		30,805		25.1	%		31,843		25.4	%		34,901		27.0	%
Total investments excluding trading securities	$	86,861		75.7	%	$	89,780		75.3	%	$	92,138		74.9	%	$	93,474		74.6	%	$	94,291		73.0	%
HIMCO managed third party accounts	$	6,828				$	7,157				$	7,654				$	8,343				$	8,430
Asset-backed securities (“ABS”)	$	7,620		9.7	%	$	7,925		9.8	%	$	8,991		11.0	%	$	9,641		11.8	%	$	9,348		11.4	%
Commercial mortgage-backed securities (“CMBS”)		15,027		19.1	%		16,666		20.6	%		16,993		20.8	%		17,669		21.6	%		18,079		22.1	%
Collateralized mortgage obligation (“CMO”)		1,295		1.6	%		1,308		1.6	%		1,231		1.5	%		1,514		1.9	%		1,778		2.2	%
Corporate		35,123		44.6	%		35,891		44.6	%		34,736		42.6	%		33,405		41.0	%		34,153		41.7	%
Government/Government agencies — Foreign		1,133		1.4	%		1,294		1.6	%		1,272		1.6	%		1,013		1.2	%		1,039		1.3	%
Government/Government agencies — U.S.		1,352		1.7	%		846		1.0	%		1,055		1.3	%		1,153		1.4	%		950		1.2	%
Mortgage-backed securities (“MBS”) — agency		2,717		3.5	%		2,702		3.3	%		2,509		3.1	%		3,073		3.8	%		2,776		3.4	%
Municipal — taxable		1,268		1.6	%		1,344		1.7	%		1,345		1.6	%		1,310		1.6	%		1,302		1.6	%
Municipal — tax-exempt		11,086		14.1	%		11,062		13.7	%		11,466		14.1	%		11,259		13.8	%		11,528		14.1	%
Redeemable preferred stock		40		0.1	%		36		—			47		0.1	%		9		—			7		—
Short-term		2,044		2.6	%		1,681		2.1	%		1,921		2.3	%		1,590		1.9	%		858		1.0	%
Total fixed maturities [1]	$	78,705		100.0	%	$	80,755		100.0	%	$	81,566		100.0	%	$	81,636		100.0	%	$	81,818		100.0	%
AAA	$	22,421		28.6	%	$	23,629		29.2	%	$	25,500		31.3	%	$	27,177		33.4	%	$	28,781		35.2	%
AA		10,520		13.4	%		10,298		12.8	%		10,911		13.4	%		11,124		13.6	%		11,266		13.8	%
A		18,059		22.9	%		18,251		22.6	%		17,175		21.1	%		16,507		20.2	%		16,498		20.2	%
BBB		16,700		21.2	%		17,655		21.9	%		17,023		20.9	%		15,684		19.2	%		15,501		18.9	%
U.S. Government/Government agencies		5,782		7.3	%		5,507		6.8	%		5,406		6.6	%		6,174		7.6	%		5,383		6.6	%
BB & below		3,179		4.0	%		3,734		4.6	%		3,630		4.4	%		3,380		4.1	%		3,531		4.3	%
Short-term		2,044		2.6	%		1,681		2.1	%		1,921		2.3	%		1,590		1.9	%		858		1.0	%
Total fixed maturities [1]	$	78,705		100.0	%	$	80,755		100.0	%	$	81,566		100.0	%	$	81,636		100.0	%	$	81,818		100.0	%

[1]	Includes $376, $404, $486, $386, and $484 in Corporate at September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007, and September 30, 2007, respectively, of which $271, $381, $461, $349 and $447, respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	Includes $40, $55, $53, $56, and $71 in Corporate at September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007, and September 30, 2007, respectively.
[3]	Primarily hedge fund investments outside of limited partnerships.
[4]	Primarily relates to derivative instruments. Additionally, includes $45, $43, and $38 in Corporate at March 31, 2007, June 30, 2007, and September 30, 2007, respectively.

I-5

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

	September 30,					December 31,					March 31,					June 30,					September 30,
	2006					2006					2007					2007					2007
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	51,869		60.3	%	$	53,173		59.4	%	$	53,942		58.0	%	$	53,782		56.8	%	$	53,917		55.0	%
Equity securities, at fair value
Available-for-sale		771		0.9	%		811		0.9	%		1,298		1.4	%		1,387		1.5	%		1,307		1.3	%
Held for trading		27,863		32.4	%		29,393		32.9	%		30,805		33.2	%		31,843		33.6	%		34,901		35.5	%
Total equity securities, at fair value		28,634		33.3	%		30,204		33.8	%		32,103		34.6	%		33,230		35.1	%		36,208		36.8	%
Policy loans, at outstanding balance		2,057		2.4	%		2,051		2.3	%		2,099		2.3	%		2,052		2.2	%		2,050		2.1	%
Mortgage loans, at cost		2,451		2.9	%		2,909		3.3	%		3,509		3.8	%		4,236		4.5	%		4,551		4.6	%
Limited partnerships		679		0.8	%		794		0.9	%		966		1.0	%		1,034		1.1	%		1,122		1.1	%
Other investments [1]		241		0.3	%		283		0.3	%		297		0.3	%		296		0.3	%		361		0.4	%
Total investments	$	85,931		100.0	%	$	89,414		100.0	%	$	92,916		100.0	%	$	94,630		100.0	%	$	98,209		100.0	%
Less: Equity securities held for trading		27,863		32.4	%		29,393		32.9	%		30,805		33.2	%		31,843		33.6	%		34,901		35.5	%
Total investments excluding trading securities	$	58,068		67.6	%	$	60,021		67.1	%	$	62,111		66.8	%	$	62,787		66.4	%	$	63,308		64.5	%
ABS	$	6,574		12.7	%	$	6,725		12.6	%	$	7,705		14.3	%	$	8,093		15.0	%	$	7,931		14.7	%
CMBS		10,660		20.6	%		11,875		22.3	%		12,150		22.5	%		12,360		23.0	%		12,761		23.6	%
CMO		1,010		1.9	%		1,004		1.9	%		928		1.7	%		1,147		2.1	%		1,401		2.6	%
Corporate		25,166		48.5	%		25,572		48.1	%		24,996		46.4	%		23,958		44.5	%		24,295		45.0	%
Government/Government agencies — Foreign		488		0.9	%		689		1.3	%		648		1.2	%		547		1.0	%		577		1.1	%
Government/Government agencies — U.S.		1,011		1.9	%		661		1.2	%		819		1.5	%		944		1.8	%		733		1.4	%
MBS — agency		1,969		3.8	%		1,903		3.6	%		1,759		3.3	%		2,133		4.0	%		1,869		3.5	%
Municipal — taxable		1,067		2.1	%		1,144		2.2	%		1,144		2.1	%		1,115		2.1	%		1,141		2.1	%
Municipal — tax-exempt		2,476		4.8	%		2,495		4.7	%		2,582		4.8	%		2,522		4.7	%		2,577		4.8	%
Redeemable preferred stock		16		—			13		—			16		—			5		—			3		—
Short-term		1,432		2.8	%		1,092		2.1	%		1,195		2.2	%		958		1.8	%		629		1.2	%
Total fixed maturities	$	51,869		100.0	%	$	53,173		100.0	%	$	53,942		100.0	%	$	53,782		100.0	%	$	53,917		100.0	%
AAA	$	12,362		23.8	%	$	13,301		25.0	%	$	14,908		27.7	%	$	15,901		29.6	%	$	17,058		31.7	%
AA		6,848		13.2	%		6,584		12.4	%		6,901		12.8	%		6,997		13.0	%		7,081		13.1	%
A		13,024		25.1	%		13,193		24.8	%		12,423		23.0	%		11,921		22.2	%		12,042		22.3	%
BBB		12,241		23.6	%		12,909		24.3	%		12,627		23.4	%		11,710		21.8	%		11,432		21.2	%
U.S. Government/Government agencies		4,221		8.1	%		3,947		7.4	%		3,870		7.2	%		4,418		8.2	%		3,791		7.0	%
BB & below		1,741		3.4	%		2,147		4.0	%		2,018		3.7	%		1,877		3.4	%		1,884		3.5	%
Short-term		1,432		2.8	%		1,092		2.1	%		1,195		2.2	%		958		1.8	%		629		1.2	%
Total fixed maturities	$	51,869		100.0	%	$	53,173		100.0	%	$	53,942		100.0	%	$	53,782		100.0	%	$	53,917		100.0	%

[1] Primarily relates to derivative instruments.

I-6

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

	September 30,					December 31,						March 31,					June 30,					September 30,
	2006					2006						2007					2007					2007
	Amount		Percent			Amount		Percent				Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	26,460		93.2	%	$	27,178		92.8	%		$	27,138		92.2	%	$	27,468		90.9	%	$	27,417		90.1	%
Equity securities, available-for-sale, at fair value		783		2.8	%		873		3.0	%			861		2.9	%		947		3.1	%		1,071		3.5	%
Mortgage loans, at cost		291		1.0	%		409		1.4	%			506		1.7	%		655		2.2	%		685		2.3	%
Limited partnerships		416		1.5	%		450		1.5	%			534		1.8	%		699		2.3	%		791		2.6	%
Other hedge funds based investments [1]		339		1.2	%		352		1.2	%			367		1.3	%		387		1.3	%		380		1.3	%
Other investments		88		0.3	%		38		0.1	%			37		0.1	%		46		0.2	%		46		0.2	%
Total investments	$	28,377		100.0	%	$	29,300		100.0	%		$	29,443		100.0	%	$	30,202		100.0	%	$	30,390		100.0	%
ABS	$	1,046		4.0	%	$	1,200		4.4	%		$	1,286		4.7	%	$	1,548		5.6	%	$	1,417		5.2	%
CMBS		4,367		16.5	%		4,791		17.6	%			4,843		17.8	%		5,309		19.3	%		5,318		19.4	%
CMO		285		1.1	%		304		1.1	%			303		1.1	%		367		1.3	%		377		1.4	%
Corporate		9,768		36.9	%		10,060		37.2	%			9,650		35.7	%		9,407		34.4	%		9,433		34.4	%
Government/Government agencies — Foreign		645		2.4	%		605		2.2	%			624		2.3	%		466		1.7	%		462		1.7	%
Government/Government agencies — U.S.		341		1.3	%		185		0.7	%			236		0.9	%		209		0.8	%		217		0.8	%
MBS — agency		748		2.8	%		799		2.9	%			750		2.8	%		940		3.4	%		907		3.3	%
Municipal — taxable		201		0.8	%		200		0.7	%			201		0.7	%		195		0.7	%		161		0.6	%
Municipal — tax-exempt		8,610		32.5	%		8,567		31.5	%			8,884		32.7	%		8,737		31.8	%		8,951		32.6	%
Redeemable preferred stock		24		0.1	%		23		0.1	%			31		0.1	%		4		—			4		—
Short-term		425		1.6	%		444		1.6	%			330		1.2	%		286		1.0	%		170		0.6	%
Total fixed maturities	$	26,460		100.0	%	$	27,178		100.0	%	��	$	27,138		100.0	%	$	27,468		100.0	%	$	27,417		100.0	%
AAA	$	10,054		38.1	%	$	10,321		38.1	%		$	10,588		39.0	%	$	11,273		41.1	%	$	11,696		42.7	%
AA		3,577		13.5	%		3,583		13.2	%			3,965		14.6	%		4,106		14.9	%		3,961		14.5	%
A		4,952		18.7	%		4,950		18.2	%			4,715		17.4	%		4,572		16.6	%		4,318		15.7	%
BBB		4,453		16.8	%		4,733		17.4	%			4,392		16.2	%		3,972		14.5	%		4,058		14.8	%
U.S. Government/Government agencies		1,561		5.9	%		1,560		5.7	%			1,536		5.7	%		1,756		6.4	%		1,592		5.8	%
BB & below		1,438		5.4	%		1,587		5.8	%			1,612		5.9	%		1,503		5.5	%		1,622		5.9	%
Short-term		425		1.6	%		444		1.6	%			330		1.2	%		286		1.0	%		170		0.6	%
Total fixed maturities	$	26,460		100.0	%	$	27,178		100.0	%		$	27,138		100.0	%	$	27,468		100.0	%	$	27,417		100.0	%

[1] Primarily hedge fund investments outside of limited partnerships.

I-7

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

	September 30, 2007							December 31, 2006
	Amortized		Fair Value		Unrealized			Amortized		Fair Value		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	17,696	$	17,097	$	(599	)	$	12,601	$	12,500	$	(101	)
Greater than three months to six months		14,656		14,090		(566	)		1,261		1,242		(19	)
Greater than six months to nine months		3,557		3,395		(162	)		1,239		1,210		(29	)
Greater than nine months to twelve months		383		368		(15	)		1,992		1,959		(33	)
Greater than twelve months		12,881		12,335		(546	)		15,402		14,911		(491	)
Total	$	49,173	$	47,285	$	(1,888	)	$	32,495	$	31,822	$	(673	)
BIG [4] and Equity AFS [3] Securities
Three months or less	$	1,824	$	1,735	$	(89	)	$	631	$	624	$	(7	)
Greater than three months to six months		728		677		(51	)		52		50		(2	)
Greater than six months to nine months		203		193		(10	)		128		122		(6	)
Greater than nine months to twelve months		30		28		(2	)		128		124		(4	)
Greater than twelve months		356		323		(33	)		573		529		(44	)
Total	$	3,141	$	2,956	$	(185	)	$	1,512	$	1,449	$	(63	)

[1]	As of September 30, 2007, fixed maturities represented $1,807 or 96%, of the Company’s total unrealized loss of available-for-sale securities. The Company held no securities of a single issuer that were at an unrealized loss position in excess of 5% of the total unrealized loss amount as of September 30, 2007 and December 31, 2006. 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 2006 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

	September 30, 2007							December 31, 2006
	Amortized		Fair Value		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	12,711	$	12,241	$	(470	)	$	8,462	$	8,392	$	(70	)
Greater than three months to six months		8,930		8,552		(378	)		999		985		(14	)
Greater than six months to nine months		2,599		2,472		(127	)		934		912		(22	)
Greater than nine months to twelve months		258		246		(12	)		1,186		1,166		(20	)
Greater than twelve months		8,405		8,046		(359	)		9,952		9,635		(317	)
Total	$	32,903	$	31,557	$	(1,346	)	$	21,533	$	21,090	$	(443	)
BIG and Equity AFS Securities
Three months or less	$	953	$	903	$	(50	)	$	391	$	387	$	(4	)
Greater than three months to six months		405		378		(27	)		26		25		(1	)
Greater than six months to nine months		151		144		(7	)		57		53		(4	)
Greater than nine months to twelve months		26		24		(2	)		74		71		(3	)
Greater than twelve months		208		184		(24	)		410		371		(39	)
Total	$	1,743	$	1,633	$	(110	)	$	958	$	907	$	(51	)

I-9

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

	September 30, 2007							December 31, 2006
	Amortized		Fair Value		Unrealized			Amortized		Fair Value		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	4,780	$	4,652	$	(128	)	$	3,954	$	3,923	$	(31	)
Greater than three months to six months		5,687		5,500		(187	)		250		245		(5	)
Greater than six months to nine months		947		913		(34	)		305		298		(7	)
Greater than nine months to twelve months		125		122		(3	)		800		787		(13	)
Greater than twelve months		4,473		4,286		(187	)		5,446		5,272		(174	)
Total	$	16,012	$	15,473	$	(539	)	$	10,755	$	10,525	$	(230	)
BIG and Equity AFS Securities
Three months or less	$	862	$	824	$	(38	)	$	232	$	229	$	(3	)
Greater than three months to six months		320		296		(24	)		26		25		(1	)
Greater than six months to nine months		51		48		(3	)		71		69		(2	)
Greater than nine months to twelve months		4		4		—			54		53		(1	)
Greater than twelve months		148		139		(9	)		161		156		(5	)
Total	$	1,385	$	1,311	$	(74	)	$	544	$	532	$	(12	)

I-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF SEPTEMBER 30, 2007

	LIFE						P&C						CONSOLIDATED [1]
			Percent of						Percent of						Percent of
TOP TEN CORPORATE			Total						Total						Total
FIXED MATURITY	Fair		Invested				Fair		Invested				Fair		Invested
EXPOSURES BY SECTOR	Value		Assets				Value		Assets				Value		Assets
Basic industry	$	1,838		1.9	%	Basic industry	$	689		2.3	%	Basic industry	$	2,552		2.0	%
Capital goods		1,726		1.8	%	Capital goods		571		1.9	%	Capital goods		2,297		1.8	%
Consumer cyclical		2,130		2.2	%	Consumer cyclical		811		2.7	%	Consumer cyclical		2,963		2.3	%
Consumer non cyclical		2,099		2.1	%	Consumer non cyclical		805		2.6	%	Consumer non cyclical		2,909		2.2	%
Energy		1,173		1.2	%	Energy		441		1.4	%	Energy		1,618		1.2	%
Financial services		8,090		8.2	%	Financial services		3,193		10.5	%	Financial services		11,652		9.0	%
Technology and communications		2,777		2.8	%	Technology and communications		1,124		3.7	%	Technology and communications		3,901		3.0	%
Transportation		405		0.4	%	Transportation		109		0.3	%	Transportation		514		0.4	%
Utilities		3,091		3.1	%	Utilities		1,396		4.6	%	Utilities		4,487		3.5	%
Other		966		1.0	%	Other		294		1.0	%	Other		1,260		1.0	%
Total	$	24,295		24.7	%	Total	$	9,433		31.0	%	Total	$	34,153		26.4	%
TOP TEN EXPOSURES BY ISSUER [2]
Goldman EOP [3]	$	297		0.3	%	State of California	$	244		0.8	%	Goldman EOP [3]	$	419		0.3	%
General Electric Capital Corp.		255		0.3	%	State of Massachusetts		226		0.7	%	State of California		404		0.3	%
Citigroup/Deutsche Bank Comm. Mrtg.		252		0.2	%	State of Georgia		219		0.7	%	General Electric Capital Corp.		365		0.3	%
Parcs Ltd.		238		0.2	%	New York, NY		215		0.7	%	State of Massachusetts		351		0.3	%
Comm. Mrtg Pass-thru Certificate		217		0.2	%	Insurance Services Office, Inc.		155		0.5	%	Citigroup/Deutsche Bank Comm. Mrtg.		321		0.3	%
Northwoods Capital Ltd		178		0.2	%	Houston TX Airport Systm. Special Facilities		147		0.5	%	Parcs Ltd.		285		0.2	%
Lehman Brothers Holding, Inc.		176		0.2	%	State of Louisiana		144		0.5	%	Merrill Lynch & Co., Inc.		280		0.2	%
Merrill Lynch & Co., Inc.		170		0.2	%	State of Illinois		134		0.5	%	State of Illinois		255		0.2	%
Citibank Credit Card Issuance Trust		166		0.2	%	Goldman Sachs Group, Inc.		123		0.4	%	New York, NY		249		0.2	%
Citigroup Inc.		165		0.2	%	Chicago, IL		122		0.4	%	Barclays Bank PLC		238		0.2	%
Total	$	2,114		2.2	%	Total	$	1,729		5.7	%	Total	$	3,167		2.5	%

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

I-11