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

EXHIBIT 99.1

INVESTOR FINANCIAL SUPPLEMENT

JUNE 30, 2009

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:
One Hartford Plaza
Hartford, CT 06155

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

Contacts:

Rick Costello
Senior Vice President
Investor Relations
Phone (860) 547-8480

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

As of July 22, 2009	A.M. Best	Fitch	Standard & Poor’s	Moody’s
Insurance Financial Strength Ratings:
Hartford Fire Insurance Company	A	A+	A	A2
Hartford Life Insurance Company	A	A-	A	A3
Hartford Life and Accident Insurance Company	A	A-	A	A3
Hartford Life and Annuity Insurance Company	A	A-	A	A3
Hartford Life Insurance KK (Japan)	—	—	A	—
Hartford Life Limited (Ireland)	—	—	A	—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt	bbb+	BBB-	BBB	Baa3
Commercial paper	AMB-2	F2	A-2	P-3
Junior subordinated debentures	bbb-	BB	BB+	Ba1
Hartford Life, Inc.:
Senior debt	bbb+	BBB-	BBB	Baa3
Hartford Life Insurance Company:
Short term rating	—	—	A-1	P-2
Consumer notes	a	BBB+	A	Baa1

TRANSFER AGENT
The Bank of New York Mellon
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310
1 (877) 272-7740

COMMON STOCK

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

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

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

Basis of Presentation	i, ii, iii
CONSOLIDATED
Consolidated Financial Results		C-1
Operating Results by Segment		C-2
Analysis of Operating Results by Segment		C-2a
Consolidating Statements of Operations
Three Months Ended June 30, 2008 and 2009		C-3
Six Months Ended June 30, 2008 and 2009		C-4
Consolidating Balance Sheets
As of December 31, 2008 and June 30, 2009		C-5
Capital Structure		C-6
Accumulated Other Comprehensive Loss		C-7
Computation of Basic and Diluted Earnings (Losses) Per Share		C-8
Analysis of Net Realized Capital Losses
Three Months Ended June 30, 2008 and 2009 After Tax and DAC		C-9
Six Months Ended June 30, 2008 and 2009 After Tax and DAC		C-10
Computation of Return-on-Equity Measures		C-11
LIFE
Financial Highlights		L-1
Financial Highlights Excluding Impacts of the Unlock		L-1a
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, 2009		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
Individual Life
Income Statements		L-15
Supplemental Data		L-16
Account Value Rollforward		L-17
Group Benefits
Income Statements		L-18
Supplemental Data		L-19
Retirement Plans
Income Statements		L-20
Supplemental Data
Deposits		L-21
Assets Under Management and Administration		L-22
Account Value and Asset Rollforward		L-23
International
Highlights		L-24
Japan
Income Statements		L-25
Supplemental Data — Account Value Rollforward in Dollars		L-26
Supplemental Data — Account Value Rollforward in Yen		L-27
Institutional Solutions Group
Income Statements		L-28
Supplemental Data
Deposits		L-29
Assets Under Management		L-30
Account Value and Asset Rollforward		L-31
PROPERTY & CASUALTY
Financial Highlights	PC-1
Operating Results	PC-2
Ongoing Operations Operating Results	PC-3
Ongoing Operations Consolidating Underwriting Results
Three Months Ended June 30, 2009	PC-4
Six Months Ended June 30, 2009	PC-5
Ongoing Operations Underwriting Results	PC-6
Personal Lines Underwriting Results	PC-7
Personal Lines Written and Earned Premiums	PC-8
Small Commercial Underwriting Results	PC-9
Middle Market Underwriting Results	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 Asbestos 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 June 30, 2009	PC-17
Six Months Ended June 30, 2009	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
Net Realized Capital Gains (Losses), After-tax/DAC
Three Months Ended June 30, 2009 and 2008		I-5
Six Months Ended June 30, 2009 and 2008		I-6
Composition of Invested Assets
Consolidated		I-7
Life		I-8
Property & Casualty		I-9
Corporate		I-10
Unrealized Loss Aging
Consolidated		I-11
Life		I-12
Property & Casualty		I-13
Invested Asset Exposures
As of June 30, 2009		I-14

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 four groups which are comprised of six reporting segments: The Retail Products Group (“Retail”) and Individual Life segments make up the Individual Markets Group. The Retirement Plans and Group Benefits segments make up the Employer Markets Group. The Institutional Solutions Group (“Institutional”) and International segments each make up their own group. 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; the mark-to-market adjustment for the equity securities, 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 inter-segment eliminations.

• Property & Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of Personal Lines, Small Commercial, Middle Market 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 Personal Lines, Small Commercial, Middle Market 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 primarily based on core earnings.

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

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

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

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

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

• Noncontrolling interest (“NCI”) represents the minority interest portion of the equity of a subsidiary that is not attributable, directly or indirectly, to The Hartford.

• Assets under management is a measure used by the Company because a significant portion of the Company’s revenues are based upon asset values. These revenues increase or decrease with a rise or fall in the amount of assets under management whether caused by changes in the market or through net flow.

• Assets under administration represents the client asset base of the Company’s recordkeeping business for which revenues are predominately based on the number of plan participants. Unlike assets under management, increases or decreases in assets under administration do not have a direct corresponding increase or decrease to the Company’s revenues.

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

• Certain reclassifications have been made to the prior periods to conform to the June 30, 2009 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 (“DAC”)) that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives and net periodic settlements on the Japan fixed annuity cross-currency swap. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Core earnings is also used by management to assess our operating performance and is one of the measures considered in determining incentive compensation for 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-2.

• Core earnings per share is calculated based on the non-GAAP financial measure core earnings. The Hartford believes that the measure core earnings per share provides investors with a valuable measure of the Company’s operating performance for many of the same reasons applicable to its underlying measure, core earnings. Net income per share is the most directly comparable GAAP measure. Core earnings per share should not be considered as a substitute for net income per share and does not reflect the overall profitability of 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 Personal Lines, Small Commercial, Middle Market 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 plus assumed conversion of preferred shares to common. 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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
HIGHLIGHTS
Net income (loss)	$	543		$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	NM				99	%	$	688		$	(1,224	)	NM
Core earnings (losses)	$	696		$	(422	)	$	(208	)	$	(1,175	)	$	622			(11	%)	NM			$	1,488		$	(553	)	NM
Total revenues [1]	$	7,503		$	(393	)	$	565		$	5,394		$	7,637			2	%		42	%	$	9,047		$	13,031			44	%
Total assets	$	333,840		$	311,485		$	287,583		$	276,168		$	289,700			(13	%)		5	%
Total assets under management [2]	$	416,269		$	384,981		$	345,451		$	330,187		$	352,074			(15	%)		7	%
PER SHARE AND SHARES DATA [3]
Basic earnings per share
Net income (loss) available to common shareholders	$	1.74		$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	NM				99	%	$	2.20		$	(3.80	)	NM
Core earnings (losses) available to common shareholders	$	2.23		$	(1.40	)	$	(0.72	)	$	(3.66	)	$	1.90			(15	%)	NM			$	4.76		$	(1.72	)	NM
Diluted earnings (losses) per share
Net income (loss) available to common shareholders	$	1.73		$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	NM				99	%	$	2.19		$	(3.80	)	NM
Core earnings (losses) available to common shareholders	$	2.22		$	(1.40	)	$	(0.72	)	$	(3.66	)	$	1.90			(14	%)	NM			$	4.73		$	(1.72	)	NM
Weighted average common shares outstanding (basic)		311.7			301.1			300.2			320.8			325.4		13.7		sh	4.6		sh		312.7			323.1		10.4		sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		313.1			302.1			320.9			321.5			326.6		13.5		sh	5.1		sh		314.4			324.0		9.6		sh
Common shares outstanding assuming conversion of outstanding convertible preferred shares to common		303.1			300.4			324.8			325.4			326.7		23.6		sh	1.3		sh		303.1			326.7		23.6		sh
Book value per share	$	55.51		$	41.80		$	28.53		$	24.15		$	32.20			(42	%)		33	%
Per share impact of AOCI	$	(9.17	)	$	(13.83	)	$	(23.16	)	$	(23.98	)	$	(20.24	)		(121	%)		16	%
Book value per share (excluding AOCI)	$	64.68		$	55.63		$	51.69		$	48.13		$	52.44			(19	%)		9	%
FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [4]		12.0	%		(8.6	%)		(19.3	%)		(31.9	%)		(34.2	%)		(46.2	)		(2.3	)
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [4]		17.4	%		10.5	%		4.7	%		(6.2	%)		(6.5	%)		(23.9	)		(0.3	)
Debt to capitalization including AOCI		26.2	%		30.6	%		40.2	%		44.0	%		30.3	%		4.1			(13.7	)
Annualized investment yield, after-tax		3.6	%		3.2	%		2.2	%		2.6	%		2.9	%		(0.7	)		0.3			3.6	%		2.7	%		(0.9	)
Ongoing Property & Casualty GAAP combined ratio		95.8			101.7			77.6			89.9			93.7			2.1			(3.8	)		91.8			91.8			—

[1]	Total revenues of The Hartford are impacted by net investment income and mark-to-market effects of equity securities held for trading supporting the international variable annuity business, which have corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses. See pages C-3 and C-4 for the impact to total revenues along with the corresponding amounts in benefits, losses and loss adjustment expenses in the three months and six months ended June 30, 2008 and 2009.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-7).
[3]	See page C-8 for computation of basic and diluted earnings (losses) per share.
[4]	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 (losses) to net income (loss) for each of the segments is set forth on the respective segment pages contained in this supplement.)

																Year over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
LIFE
Retail Products Group
Individual Annuity	$	189		$	(552	)	$	(198	)	$	(924	)	$	307			62	%	NM			$	363		$	(617	)	NM
Other Retail		14			13			(2	)		1			5			(64	%)	NM				27			6			(78	%)
Total Retail Products Group		203			(539	)		(200	)		(923	)		312			54	%	NM				390			(611	)	NM
Individual Life		43			8			26			—			43			—		NM				84			43			(49	%)
Total Individual Markets Group		246			(531	)		(174	)		(923	)		355			44	%	NM				474			(568	)	NM
Group Benefits		85			100			90			66			41			(52	%)		(38	%)		155			107			(31	%)
Retirement Plans		33			(36	)		(3	)		(54	)		6			(82	%)	NM				50			(48	)	NM
Total Employer Markets Group		118			64			87			12			47			(60	%)	NM				205			59			(71	%)
International Markets Group		64			(75	)		(110	)		(455	)		142			122	%	NM				131			(313	)	NM
Institutional Solutions Group		27			1			(40	)		(20	)		(5	)	NM				75	%		49			(25	)	NM
Other [1]		(5	)		—			(24	)		5			(46	)	NM			NM				(16	)		(41	)		(156	%)
Total Life core earnings (losses) [1][2][3]		450			(541	)		(261	)		(1,381	)		493			10	%	NM				843			(888	)	NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results
Personal Lines		18			(45	)		202			75			(10	)	NM			NM				123			65			(47	%)
Small Commercial		69			82			167			87			74			7	%		(15	%)		188			161			(14	%)
Middle Market		3			(37	)		148			69			56		NM				(19	%)		58			125			116	%
Specialty Commercial		18			(44	)		58			23			36			100	%		57	%		57			59			4	%
Total Ongoing Operations underwriting results		108			(44	)		575			254			156			44	%		(39	%)		426			410			(4	%)
Net servicing income		8			14			10			8			7			(13	%)		(13	%)		7			15			114	%
Net investment income		334			285			127			185			239			(28	%)		29	%		644			424			(34	%)
Periodic net coupon settlements on credit derivatives, before-tax		1			2			(3	)		(3	)		(4	)	NM				(33	%)		3			(7	)	NM
Other expenses		(65	)		(58	)		(39	)		(50	)		(48	)		26	%		4	%		(122	)		(98	)		20	%
Income tax expense		(105	)		(39	)		(236	)		(97	)		(87	)		17	%		10	%		(277	)		(184	)		34	%
Ongoing Operations core earnings		281			160			434			297			263			(6	%)		(11	%)		681			560			(18	%)
Other Operations core earnings (losses) [4]		2			(4	)		18			24			(51	)	NM			NM				28			(27	)	NM
Total Property & Casualty core earnings		283			156			452			321			212			(25	%)		(34	%)		709			533			(25	%)
Total Corporate core losses [3]		(37	)		(37	)		(399	)		(115	)		(83	)		(124	%)		28	%		(64	)		(198	)	NM
CONSOLIDATED
Core earnings (losses)		696			(422	)		(208	)		(1,175	)		622			(11	%)	NM				1,488			(553	)	NM
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [5]		(153	)		(2,209	)		(598	)		(34	)		(637	)	NM			NM				(800	)		(671	)		16	%
Net income (loss)	$	543		$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	NM				99	%	$	688		$	(1,224	)	NM
PER SHARE DATA [6]
Diluted earnings (losses) per share
Core earnings (losses) available to common shareholders	$	2.22		$	(1.40	)	$	(0.72	)	$	(3.66	)	$	1.90			(14	%)	NM			$	4.73		$	(1.72	)	NM
Net income (loss) available to common shareholders	$	1.73		$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	NM				99	%	$	2.19		$	(3.80	)	NM

[1]	Included in the three months and six months ended June 30, 2009 are restructuring charges of $54, after-tax.
[2]	Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 for the effect of the triggering of the guaranteed minimum income benefit for the 3Win product on amortization of deferred policy acquisition costs and policyholder benefits and additional 3Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.
[3]	As a result of goodwill testing performed during the three months ended December 31, 2008, the Company wrote off goodwill of $274 and $323, after-tax, in Life and Corporate, respectively. Goodwill testing during the three months ended March 31, 2009 resulted in a goodwill impairment of $32 in Corporate.
[4]	The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax. The three months ended September 30, 2008 included an environmental reserve increase of $34, after-tax. The three months ended June 30, 2009 included net asbestos reserve strengthening of $90, after-tax, partially offset by a decrease in the allowance for uncollectible reinsurance of $13, after-tax.
[5]	Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.
[6]	See page C-8 for reconciliation of net income (loss) per share to core earnings (losses) per share.

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF OPERATING RESULTS BY SEGMENT

(A reconciliation of core earnings (losses) to net income (loss) for each of the segments is set forth on the respective segment pages contained in this supplement.)

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
LIFE
Retail Products Group
Individual Annuity	$	189		$	169		$	(198	)	$	65		$	61			(68	%)		(6	%)	$	363		$	126			(65	%)
Other Retail		14			14			(2	)		1			5			(64	%)	NM				27			6			(78	%)
Total Retail Products Group		203			183			(200	)		66			66			(67	%)		—			390			132			(66	%)
Individual Life		43			45			26			26			41			(5	%)		58	%		84			67			(20	%)
Total Individual Markets Group		246			228			(174	)		92			107			(57	%)		16	%		474			199			(58	%)
Group Benefits		85			100			90			66			41			(52	%)		(38	%)		155			107			(31	%)
Retirement Plans		33			12			(3	)		—			6			(82	%)	NM				50			6			(88	%)
Total Employer Markets Group		118			112			87			66			47			(60	%)		(29	%)		205			113			(45	%)
International Markets Group		64			50			(110	)		(31	)		32			(50	%)	NM				131			1			(99	%)
Institutional Solutions Group		27			1			(40	)		(20	)		(5	)	NM				75	%		49			(25	)	NM
Other [1]		(5	)		—			(24	)		5			(46	)	NM			NM				(16	)		(41	)		(156	%)
Total Life core earnings (losses) excluding DAC-unlock [1][2][3]		450			391			(261	)		112			135			(70	%)		21	%		843			247			(71	%)
DAC Unlock		—			(932	)		—			(1,493	)		358		NM			NM				—			(1,135	)		—
Total Life core earnings (losses) [1][2][3]		450			(541	)		(261	)		(1,381	)		493			10	%	NM				843			(888	)	NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		116			126			130			127			100			(14	%)		(21	%)		243			227			(7	%)
Small Commercial		102			93			157			98			107			5	%		9	%		228			205			(10	%)
Middle Market		15			12			79			27			42			180	%		56	%		63			69			10	%
Specialty Commercial		7			4			11			(1	)		(10	)	NM			NM				23			(11	)	NM
Total Ongoing Operations underwriting results before catastrophes and prior year development		240			235			377			251			239			—			(5	%)		557			490			(12	%)
Catastrophes, excluding prior year development [4]		(171	)		(356	)		3			(65	)		(142	)		17	%		(118	%)		(221	)		(207	)		6	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		1			11			6			(5	)		3		NM			NM				12			(2	)	NM
Other loss and loss adjustment expenses		38			66			189			73			56			47	%		(23	%)		78			129			65	%
Total Ongoing Operations underwriting results		108			(44	)		575			254			156			44	%		(39	%)		426			410			(4	%)
Net servicing income		8			14			10			8			7			(13	%)		(13	%)		7			15			114	%
Net investment income		334			285			127			185			239			(28	%)		29	%		644			424			(34	%)
Periodic net coupon settlements on credit derivatives, before-tax		1			2			(3	)		(3	)		(4	)	NM				(33	%)		3			(7	)	NM
Other expenses		(65	)		(58	)		(39	)		(50	)		(48	)		26	%		4	%		(122	)		(98	)		20	%
Income tax expense		(105	)		(39	)		(236	)		(97	)		(87	)		17	%		10	%		(277	)		(184	)		34	%
Ongoing Operations core earnings		281			160			434			297			263			(6	%)		(11	%)		681			560			(18	%)
Other Operations core earnings (losses) [5]		2			(4	)		18			24			(51	)	NM			NM				28			(27	)	NM
Total Property & Casualty core earnings		283			156			452			321			212			(25	%)		(34	%)		709			533			(25	%)
CORPORATE
Total Corporate core losses [3]		(37	)		(37	)		(399	)		(115	)		(83	)		(124	%)		28	%		(64	)		(198	)	NM
CONSOLIDATED
Core earnings (losses)		696			(422	)		(208	)		(1,175	)		622			(11	%)	NM				1,488			(553	)	NM
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [6]		(153	)		(2,209	)		(598	)		(34	)		(637	)	NM			NM				(800	)		(671	)		16	%
Net income (loss)	$	543		$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	NM				99	%	$	688		$	(1,224	)	NM

[1]	Included in the three months and six months ended June 30, 2009 are restructuring charges of $54, after-tax.
[2]	Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 for the effect of the triggering of the guaranteed minimum income benefit for the 3Win product on amortization of deferred policy acquisition costs and policyholder benefits and additional 3Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.
[3]	As a result of goodwill testing performed during the three months ended December 31, 2008, the Company wrote off goodwill of $274 and $323, after-tax, in Life and Corporate, respectively. Goodwill testing during the three months ended March 31, 2009 resulted in a goodwill impairment of $32 in Corporate.
[4]	The three months ended September 30, 2008 included catastrophe treaty reinstatement premium, catastrophe losses, and assessments from the Texas Windstorm Insurance Association, totaling $277, primarily related to hurricane Ike.
[5]	The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax. The three months ended September 30, 2008 included an environmental reserve increase of $34, after-tax. The three months ended June 30, 2009 included an asbestos reserve increase of $90, after-tax, partially offset by a decrease in the allowance for uncollectible reinsurance of $13, after-tax.
[6]	Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	1,305		$	1,114			(15	%)	$	2,586		$	2,478			(4	%)	$	—		$	—			—		$	3,891		$	3,592			(8	%)
Fee income		1,381			1,059			(23	%)		—			—			—			5			3			(40	%)		1,386			1,062			(23	%)
Net investment income:
Securities available-for-sale and other		829			739			(11	%)		391			280			(28	%)		10			2			(80	%)		1,230			1,021			(17	%)
Equity securities held for trading [1]		1,153			2,523			119	%		—			—			—			—			—			—			1,153			2,523			119	%
Total net investment income		1,982			3,262			65	%		391			280			(28	%)		10			2			(80	%)		2,383			3,544			49	%
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(124	)		(449	)	NM				(40	)		(113	)		(183	%)		—			—			—			(164	)		(562	)	NM
OTTI losses transferred to other comprehensive income		—			183		NM				—			65		NM				—			—			—			—			248		NM
Net OTTI losses recognized in earnings		(124	)		(266	)		(115	%)		(40	)		(48	)		(20	%)		—			—			—			(164	)		(314	)		(91	%)
Net realized capital losses, excluding OTTI losses recognized in earnings		(104	)		(63	)		39	%		(11	)		(30	)		(173	%)		(3	)		(274	)	NM				(118	)		(367	)	NM
Total net realized capital losses		(228	)		(329	)		(44	%)		(51	)		(78	)		(53	%)		(3	)		(274	)	NM				(282	)		(681	)		(141	%)
Other revenues		—			—			—			125			120			(4	%)		—			—			—			125			120			(4	%)
Total revenues		4,440			5,106			15	%		3,051			2,800			(8	%)		12			(269	)	NM				7,503			7,637			2	%
Benefits, losses and loss adjustment expenses		1,760			1,354			(23	%)		1,826			1,738			(5	%)		—			—			—			3,586			3,092			(14	%)
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		1,153			2,523			119	%		—			—			—			—			—			—			1,153			2,523			119	%
Amortization of deferred policy acquisition costs and present value of future profits		285			156			(45	%)		521			518			(1	%)		—			—			—			806			674			(16	%)
Insurance operating costs and expenses		858			769			(10	%)		189			190			1	%		—			—			—			1,047			959			(8	%)
Interest expense		1			—			(100	%)		—			—			—			76			119			57	%		77			119			55	%
Other expenses [2]		4			75		NM				182			163			(10	%)		(4	)		14		NM				182			252			38	%
Total benefits and expenses		4,061			4,877			20	%		2,718			2,609			(4	%)		72			133			85	%		6,851			7,619			11	%
Income (loss) before income taxes		379			229			(40	%)		333			191			(43	%)		(60	)		(402	)	NM				652			18			(97	%)
Income tax expense (benefit)		45			53			18	%		84			18			(79	%)		(20	)		(38	)		(90	%)		109			33			(70	%)
Net income (loss)		334			176			(47	%)		249			173			(31	%)		(40	)		(364	)	NM				543			(15	)	NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(116	)		(317	)		(173	%)		(34	)		(39	)		(15	%)		(3	)		(281	)	NM				(153	)		(637	)	NM
Core earnings (losses)	$	450		$	493			10	%	$	283		$	212			(25	%)	$	(37	)	$	(83	)		(124	%)	$	696		$	622			(11	%)

[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 June 30, 2008 included $4, $11, and $(15) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	2,534		$	2,432			(4	%)	$	5,200		$	4,989			(4	%)	$	—		$	—			—		$	7,734		$	7,421			(4	%)
Fee income		2,713			2,223			(18	%)		—			—			—			10			6			(40	%)		2,723			2,229			(18	%)
Net investment income (loss):
Securities available-for-sale and other		1,648			1,428			(13	%)		756			505			(33	%)		19			8			(58	%)		2,423			1,941			(20	%)
Equity securities held for trading [1]		(2,425	)		1,799		NM				—			—			—			—			—			—			(2,425	)		1,799		NM
Total net investment income (loss)		(777	)		3,227		NM				756			505			(33	%)		19			8			(58	%)		(2	)		3,740		NM
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(355	)		(634	)		(79	%)		(113	)		(149	)		(32	%)		—			(3	)	NM				(468	)		(786	)		(68	%)
OTTI losses transferred to other comprehensive income		—			183		NM				—			65		NM				—			—			—			—			248		NM
Net OTTI losses recognized in earnings		(355	)		(451	)		(27	%)		(113	)		(84	)		26	%		—			(3	)	NM				(468	)		(538	)		(15	%)
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(1,093	)		487		NM				(90	)		(317	)	NM				(2	)		(229	)	NM				(1,185	)		(59	)		95	%
Total net realized capital gains (losses)		(1,448	)		36		NM				(203	)		(401	)		(98	%)		(2	)		(232	)	NM				(1,653	)		(597	)		64	%
Other revenues		—			—			—			245			238			(3	%)		—			—			—			245			238			(3	%)
Total revenues		3,022			7,918			162	%		5,998			5,331			(11	%)		27			(218	)	NM				9,047			13,031			44	%
Benefits, losses and loss adjustment expenses		3,478			4,413			27	%		3,465			3,316			(4	%)		—			—			—			6,943			7,729			11	%
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		(2,425	)		1,799		NM				—			—			—			—			—			—			(2,425	)		1,799		NM
Amortization of deferred policy acquisition costs and present value of future profits		230			1,892		NM				1,044			1,041			—			—			—			—			1,274			2,933			130	%
Insurance operating costs and expenses		1,655			1,506			(9	%)		342			351			3	%		—			—			—			1,997			1,857			(7	%)
Interest expense		2			—			(100	%)		—			—			—			142			239			68	%		144			239			66	%
Goodwill impairment		—			—			—			—			—			—			—			32		NM				—			32		NM
Other expenses [2]		23			90		NM				362			322			(11	%)		(14	)		29		NM				371			441			19	%
Total benefits and expenses		2,963			9,700		NM				5,213			5,030			(4	%)		128			300			134	%		8,304			15,030			81	%
Income (loss) before income taxes		59			(1,782	)	NM				785			301			(62	%)		(101	)		(518	)	NM				743			(1,999	)	NM
Income tax expense (benefit)		(120	)		(700	)	NM				210			16			(92	%)		(35	)		(91	)		(160	%)		55			(775	)	NM
Net income (loss)		179			(1,082	)	NM				575			285			(50	%)		(66	)		(427	)	NM				688			(1,224	)	NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(664	)		(194	)		71	%		(134	)		(248	)		(85	%)		(2	)		(229	)	NM				(800	)		(671	)		16	%
Core earnings (losses)	$	843		$	(888	)	NM			$	709		$	533			(25	%)	$	(64	)	$	(198	)	NM			$	1,488		$	(553	)	NM

[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 six months ended June 30, 2008 included $13, $21, and $(34) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2008 AND JUNE 30, 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	45,182		$	43,980			(3	%)	$	19,775		$	20,773			5	%	$	155		$	115			(26	%)	$	65,112		$	64,868			—
Equity securities, trading, at fair value		30,820			30,813			—			—			—			—			—			—			—			30,820			30,813			—
Equity securities, available-for-sale, at fair value		711			642			(10	%)		674			586			(13	%)		73			80			10	%		1,458			1,308			(10	%)
Policy loans, at outstanding balance		2,208			2,204			—			—			—			—			—			—			—			2,208			2,204			—
Mortgage loans on real estate		5,684			5,503			(3	%)		785			731			(7	%)		—			288		NM				6,469			6,522			1	%
Limited partnerships and other alternative investments		1,129			875			(22	%)		1,166			963			(17	%)		—			—			—			2,295			1,838			(20	%)
Other investments		1,473			954			(35	%)		207			114			(45	%)		43			39			(9	%)		1,723			1,107			(36	%)
Short-term investments		6,937			7,365			6	%		1,597			1,459			(9	%)		1,488			3,877			161	%		10,022			12,701			27	%
Total investments		94,144			92,336			(2	%)		24,204			24,626			2	%		1,759			4,399			150	%		120,107			121,361			1	%
Cash		1,648			2,196			33	%		162			358			121	%		1			4		NM				1,811			2,558			41	%
Premiums receivable and agents’ balances		407			374			(8	%)		3,197			3,136			(2	%)		—			—			—			3,604			3,510			(3	%)
Reinsurance recoverables		2,918			2,549			(13	%)		3,439			3,299			(4	%)		—			—			—			6,357			5,848			(8	%)
Deferred policy acquisition costs and present value of future profits		11,988			10,529			(12	%)		1,260			1,251			(1	%)		—			—			—			13,248			11,780			(11	%)
Deferred income taxes		2,183			2,528			16	%		2,435			2,165			(11	%)		621			628			1	%		5,239			5,321			2	%
Goodwill		462			470			2	%		149			149			—			449			585			30	%		1,060			1,204			14	%
Property and equipment, net		400			355			(11	%)		675			669			(1	%)		—			—			—			1,075			1,024			(5	%)
Other assets		3,557			1,700			(52	%)		1,159			1,273			10	%		182			175			(4	%)		4,898			3,148			(36	%)
Separate account assets		130,184			133,946			3	%		—			—			—			—			—			—			130,184			133,946			3	%
Total assets	$	247,891		$	246,983			—		$	36,680		$	36,926			1	%	$	3,012		$	5,791			92	%	$	287,583		$	289,700			1	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	16,747		$	18,153			8	%	$	21,933		$	21,902			—		$	—		$	—			—		$	38,680		$	40,055			4	%
Other policyholder funds and benefits payable		53,753			49,257			(8	%)		—			—			—			—			—			—			53,753			49,257			(8	%)
Other policyholder funds and benefits payable - International variable annuities		30,799			30,793			—			—			—			—			—			—			—			30,799			30,793			—
Unearned premiums		138			145			5	%		5,244			5,191			(1	%)		(3	)		(3	)		—			5,379			5,333			(1	%)
Debt		92			67			(27	%)		—			—			—			6,129			5,765			(6	%)		6,221			5,832			(6	%)
Consumer notes		1,210			1,199			(1	%)		—			—			—			—			—			—			1,210			1,199			(1	%)
Other liabilities		7,297			5,463			(25	%)		2,914			2,052			(30	%)		1,786			2,308			29	%		11,997			9,823			(18	%)
Separate account liabilities		130,184			133,946			3	%		—			—			—			—			—			—			130,184			133,946			3	%
Total liabilities		240,220			239,023			—			30,091			29,145			(3	%)		7,912			8,070			2	%		278,223			276,238			(1	%)
Equity excluding AOCI, net of tax		12,095			12,112			—			8,675			9,328			8	%		(3,982	)		(1,388	)		65	%		16,788			20,052			19	%
AOCI, net of tax		(4,516	)		(4,172	)		8	%		(2,086	)		(1,547	)		26	%		(918	)		(891	)		3	%		(7,520	)		(6,610	)		12	%
Total stockholders’ equity		7,579			7,940			5	%		6,589			7,781			18	%		(4,900	)		(2,279	)		53	%		9,268			13,442			45	%
Noncontrolling Interest		92			20			(78	%)		—			—			—			—			—			—			92			20			(78	%)
Total equity		7,671			7,960			4	%		6,589			7,781			18	%		(4,900	)		(2,279	)		53	%		9,360			13,462			44	%
Total liabilities and equity	$	247,891		$	246,983			—		$	36,680		$	36,926			1	%	$	3,012		$	5,791			92	%	$	287,583		$	289,700			1	%

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month
	2008			2008			2008			2009			2009			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	1,353		$	927		$	398		$	419		$	342			(75	%)		(18	%)
Capital lease obligations		67			68			68			—			—			(100	%)		—
Senior notes		4,051			4,052			4,052			4,052			3,778			(7	%)		(7	%)
Junior subordinated debentures		500			500			1,703			1,705			1,712		NM				—
Total debt [1]	$	5,971		$	5,547		$	6,221		$	6,176		$	5,832			(2	%)		(6	%)
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	19,604		$	16,712		$	16,788		$	15,661		$	20,052			2	%		28	%
AOCI, net of tax		(2,780	)		(4,155	)		(7,520	)		(7,801	)		(6,610	)		(138	%)		15	%
Total stockholders’ equity	$	16,824		$	12,557		$	9,268		$	7,860		$	13,442			(20	%)		71	%
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	22,795		$	18,104		$	15,489		$	14,036		$	19,274			(15	%)		37	%
Total capitalization excluding AOCI, net of tax	$	25,575		$	22,259		$	23,009		$	21,837		$	25,884			1	%		19	%
DEBT TO CAPITALIZATION RATIOS [1]
Ratio Including AOCI
Total debt to capitalization		26.2	%		30.6	%		40.2	%		44.0	%		30.3	%		4.1			(13.7	)
Ratios Excluding AOCI
Total debt to capitalization		23.3	%		24.9	%		27.0	%		28.3	%		22.5	%		(0.8	)		(5.8	)
Total adjusted debt to capitalization [2] [3] [4] [5] [6]		25.0	%		27.0	%		27.7	%		28.8	%		32.7	%		7.7			3.9

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $1,113, $1,225, $1,210, $1,202, and $1,199 as of June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009, and June 30, 2009, respectively.
[2]	Reflects a rating agency assignment in the leverage calculation of an estimate of the adjusted unfunded pension liability of the Company’s defined benefit plans and six times the Company’s rental expense on operating leases for total adjustments of $0.9 billion, $1.0 billion, $1.5 billion, $1.4 billion, and $1.4 billion for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009, and June 30, 2009, respectively.
[3]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the junior subordinated debentures.
[4]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the discount value of the Allianz transaction.
[5]	Reflects the assignment by certain rating agencies in the leverage calculation of 25% equity credit related to the preferred stock of the CPP transaction.
[6]	Reflects a rating agency assignment to adjust equity for pension related amounts that are included in AOCI.

C-6

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

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of June 30, 2009
Fixed maturities net unrealized loss	$	(4,364	)	$	(1,558	)	$	—		$	(5,922	)
Equities net unrealized gain (loss)		(155	)		18			1			(136	)
Other-than-temporary impairment losses transferred to AOCI		(83	)		(42	)		—			(125	)
Net deferred gain on cash-flow hedging instruments		264			11			1			276
Total net unrealized gain (loss) [1]		(4,338	)		(1,571	)		2			(5,907	)
Foreign currency translation adjustments		166			11			—			177
Pension and other postretirement adjustment		—			13			(893	)		(880	)
Total accumulated other comprehensive loss	$	(4,172	)	$	(1,547	)	$	(891	)	$	(6,610	)
As of December 31, 2008
Fixed maturities net unrealized loss	$	(5,196	)	$	(2,221	)	$	(2	)	$	(7,419	)
Equities net unrealized gain (loss)		(148	)		85			(4	)		(67	)
Net deferred gain on cash-flow hedging instruments		611			31			2			644
Total net unrealized loss		(4,733	)		(2,105	)		(4	)		(6,842	)
Foreign currency translation adjustments		217			5			—			222
Pension and other postretirement adjustment		—			14			(914	)		(900	)
Total accumulated other comprehensive loss	$	(4,516	)	$	(2,086	)	$	(918	)	$	(7,520	)

[1] Includes FSP FAS 115-2 impact of $(579), $(333), and $(912) in Life, P&C, and Consolidated, respectively.

C-7

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

	THREE MONTHS ENDED															SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			JUNE 30,
	2008			2008			2008			2009			2009			2008			2009
Numerator:
Net income (loss)	$	543		$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	$	688		$	(1,224	)
Less: preferred dividends		—			—			8			—			3			—			3
Net income (loss) available to common shareholders		543			(2,631	)		(814	)		(1,209	)		(18	)		688			(1,227	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(153	)		(2,209	)		(598	)		(34	)		(637	)		(800	)		(671	)
Core earnings (losses) available to common shareholders		696			(422	)		(216	)		(1,175	)		619			1,488			(556	)
Denominator:
Weighted average common shares outstanding (basic)		311.7			301.1			300.2			320.8			325.4			312.7			323.1
Add: Weighted average common shares assuming conversion of outstanding preferred shares to common		—			—			20.1			—			—			—			—
Weighted average common assuming conversion of outstanding preferred shares to common (Core basic)		311.7			301.1			320.3			320.8			325.4			312.7			323.1
Dilutive effect of stock compensation		1.4			1.0			0.6			0.7			0.7			1.7			0.7
Dilutive effect of CPP Warrants [1]		—			—			—			—			0.5			—			0.2
Dilutive effect of Allianz warrants [2]		—			—			—			—			—			—			—
Weighted average common shares outstanding and dilutive potential common shares (diluted)		313.1			302.1			320.9			321.5			326.6			314.4			324.0
Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.74		$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	2.20		$	(3.80	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(0.49	)		(7.34	)		(1.99	)		(0.11	)		(1.96	)		(2.56	)		(2.08	)
Core earnings (losses) available to common shareholders [3]		2.23			(1.40	)		(0.72	)		(3.66	)		1.90			4.76			(1.72	)
Diluted earnings (losses) per common share [4]
Net income (loss) available to common shareholders	$	1.73		$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	2.19		$	(3.80	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(0.49	)		(7.34	)		(1.99	)		(0.11	)		(1.96	)		(2.54	)		(2.08	)
Core earnings (losses) available to common shareholders		2.22			(1.40	)		(0.72	)		(3.66	)		1.90			4.73			(1.72	)

[1]	The Hartford issued 52.1 million warrants to purchase The Hartford Common Stock to the U.S. Department of the Treasury on June 26, 2009 at a strike price of $9.79.
[2]	The Hartford issued 69.1 million warrants to purchase The Hartford Common Stock to Allianz on October 17, 2008 at a strike price of $25.32. There is no dilutive effect as the warrants were not in-the-money for the periods presented.
[3]	Due to the core loss for the quarter ended December 31, 2008, weighted average common shares outstanding of 300.2 are used in the calculation of Core-Basic loss per share, since the preferred shareholders do not have a contractual obligation to fund the net losses of the Company.
[4]	As a result of anti-dilutive impact, in periods of a loss, weighted average common shares outstanding are used in the calculation of diluted earnings per share.

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER TAX AND DAC
THREE MONTHS ENDED JUNE 30, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change		2008			2009			Change
Net Realized Capital Gains (Losses), After Tax and DAC
Gains/losses on sales, net	$	4		$	(78	)	NM			$	12		$	22			83	%	$	—		$	—			—	$	16		$	(56	)	NM
Impairments		(62	)		(176	)		(184	%)		(26	)		(31	)		(19	%)		—			—			—		(88	)		(207	)		(135	%)
Japanese fixed annuity contract hedges, net [1]		(6	)		(4	)		33	%		—			—			—			—			—			—		(6	)		(4	)		33	%
Results of variable annuity hedge program
GMWB derivatives, net [2]		(6	)		323		NM				—			—			—			—			—			—		(6	)		323		NM
Macro hedge		—			(333	)	NM				—			—			—			—			—			—		—			(333	)	NM
Total results of variable annuity hedge program		(6	)		(10	)		(67	%)		—			—			—			—			—			—		(6	)		(10	)		(67	%)
Other net gain (loss) [3]		(50	)		(59	)		(18	%)		(19	)		(32	)		(68	%)		(3	)		(281	)	NM			(72	)		(372	)	NM
Total net realized capital gains (losses), after tax and DAC		(120	)		(327	)		(173	%)		(33	)		(41	)		(24	%)		(3	)		(281	)	NM			(156	)		(649	)	NM
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After Tax and DAC
Total net realized capital gains (losses)	$	(120	)	$	(327	)		(173	%)	$	(33	)	$	(41	)		(24	%)	$	(3	)	$	(281	)	NM		$	(156	)	$	(649	)	NM
Less: total net realized capital losses included in core earnings (losses)		(4	)		(10	)		(150	%)		1			(2	)	NM				—			—			—		(3	)		(12	)	NM
Total net realized capital gains (losses), after tax and DAC, excluded from core earnings (losses)	$	(116	)	$	(317	)		(173	%)	$	(34	)	$	(39	)		(15	%)	$	(3	)	$	(281	)	NM		$	(153	)	$	(637	)	NM

[1]	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 $33 and loss of $3 would have been recognized as an adjustment to this amount in the three months ended June 30, 2008 and 2009, respectively.
[2]	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.
[3]	Other net gain (loss) includes approximately $300 in losses related to contingent obligations associated with the Allianz transaction, recorded in Corporate for the three months ended June 30, 2009. Other net gain (loss) also includes changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business which is offset in AOCI, valuation allowances for impaired mortgage loans and other investment gains and losses recorded in Life, P&C, and Corporate for the three months ended June 30, 2009.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER TAX AND DAC
SIX MONTHS ENDED JUNE 30, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Net Realized Capital Gains (Losses), After Tax and DAC
Gains/losses on sales, net	$	(40	)	$	(207	)	NM			$	(20	)	$	(147	)	NM			$	(1	)	$	—			100	%	$	(61	)	$	(354	)	NM
Impairments		(206	)		(291	)		(41	%)		(73	)		(55	)		25	%		—			(2	)	NM				(279	)		(348	)		(25	%)
Japanese fixed annuity contract hedges, net [1]		(15	)		23		NM				—			—			—			—			—			—			(15	)		23		NM
SFAS 157 transition impact [2]		(220	)		—			100	%		—			—			—			—			—			—			(220	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [3]		(47	)		557		NM				—			—			—			—			—			—			(47	)		557		NM
Macro hedge		—			(228	)	NM				—			—			—			—			—			—			—			(228	)	NM
Total results of variable annuity hedge program		(47	)		329		NM				—			—			—			—			—			—			(47	)		329		NM
Other net gain (loss) [4]		(142	)		(68	)		52	%		(39	)		(50	)		(28	%)		(1	)		(227	)	NM				(182	)		(345	)		(90	%)
Total net realized capital gains (losses), after tax and DAC		(670	)		(214	)		68	%		(132	)		(252	)		(91	%)		(2	)		(229	)	NM				(804	)		(695	)		14	%
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After Tax and DAC
Total net realized capital gains (losses)	$	(670	)	$	(214	)		68	%	$	(132	)	$	(252	)		(91	%)	$	(2	)	$	(229	)	NM			$	(804	)	$	(695	)		14	%
Less: total net realized capital losses included in core earnings (losses)		(6	)		(20	)	NM				2			(4	)	NM				—			—			—			(4	)		(24	)	NM
Total net realized capital gains (losses), after tax and DAC, excluded from core earnings (losses)	$	(664	)	$	(194	)		71	%	$	(134	)	$	(248	)		(85	%)	$	(2	)	$	(229	)	NM			$	(800	)	$	(671	)		16	%

[1]	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 $25 and $1 would have been recognized as an adjustment to this amount in the six months ended June 30, 2008 and 2009, respectively.
[2]	Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[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]	Other net gain (loss) includes approximately $300 in losses related to contingent obligations associated with the Allianz transaction, recorded in Corporate for the three months ended June 30, 2009. Other net gain (loss) also includes changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business which is offset in AOCI, valuation allowances for impaired mortgage loans and other investment gains and losses recorded in Life, P&C, and Corporate for the three months ended June 30, 2009.

C-10

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

	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,
	2008			2008			2008			2009			2009
Numerator [1]:
Net income (loss) available to common shareholders — last 12 months	$	2,134		$	(1,348	)	$	(2,749	)	$	(4,103	)	$	(4,672	)
Core earnings (losses) available to common shareholders — last 12 months	$	3,388		$	1,906		$	858		$	(1,109	)	$	(1,194	)
Denominator [2]:
Average common stockholder equity, including AOCI		17,736.0			15,753.5			14,236.0			12,848.0			13,672.5
Less: Average AOCI		(1,690.5	)		(2,410.5	)		(4,189.0	)		(5,013.0	)		(4,695.0	)
Average common stockholder equity, excluding AOCI		19,426.5			18,164.0			18,425.0			17,861.0			18,367.5
ROE (net income (loss) last 12 months to common stockholder equity including AOCI)		12.0	%		(8.6	%)		(19.3	%)		(31.9	%)		(34.2	%)
ROE (core earnings (losses) last 12 months to common stockholder equity excluding AOCI)		17.4	%		10.5	%		4.7	%		(6.2	%)		(6.5	%)

[1]	For a reconciliation of net income to core earnings, see page C-2.
[2]	Average equity is calculated by taking the sum of common stockholder equity at the beginning of the twelve month period and common stockholder 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			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
REVENUES
Retail Products Group
Individual Annuity [1]	$	721		$	714		$	548		$	581		$	496			(31	%)		(15	%)	$	1,443		$	1,077			(25	%)
Other Retail		222			205			154			138			156			(30	%)		13	%		435			294			(32	%)
Total Retail Products Group		943			919			702			719			652			(31	%)		(9	%)		1,878			1,371			(27	%)
Individual Life [1]		310			288			275			352			303			(2	%)		(14	%)		601			655			9	%
Total Individual Markets Group		1,253			1,207			977			1,071			955			(24	%)		(11	%)		2,479			2,026			(18	%)
Group Benefits		1,213			1,219			1,197			1,228			1,176			(3	%)		(4	%)		2,393			2,404			—
Retirement Plans		188			182			149			148			158			(16	%)		7	%		345			306			(11	%)
Total Employer Markets Group		1,401			1,401			1,346			1,376			1,334			(5	%)		(3	%)		2,738			2,710			(1	%)
International Markets Group [1]		264			249			267			219			249			(6	%)		14	%		522			468			(10	%)
Institutional Solutions Group		559			522			441			440			330			(41	%)		(25	%)		1,082			770			(29	%)
Other		38			39			(24	)		37			35			(8	%)		(5	%)		78			72			(8	%)
																														��
Core revenues before net investment income (loss) on equity securities held for trading		3,515			3,418			3,007			3,143			2,903			(17	%)		(8	%)		6,899			6,046			(12	%)
Net investment income (loss) on equity securities held for trading [2]		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Total core revenues	$	4,668		$	3		$	(1,493	)	$	2,419		$	5,426			16	%		124	%	$	4,474		$	7,845			75	%
Net realized gains (losses), before tax and DAC, excluded from core revenues [1]		(228	)		(2,007	)		(675	)		393			(320	)		(40	%)	NM				(1,452	)		73		NM
Total revenues	$	4,440		$	(2,004	)	$	(2,168	)	$	2,812		$	5,106			15	%		82	%	$	3,022		$	7,918			162	%
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [3] [4]	$	189		$	(552	)	$	(198	)	$	(924	)	$	307			62	%	NM			$	363		$	(617	)	NM
Other Retail [3]		14			13			(2	)		1			5			(64	%)	NM				27			6			(78	%)
Total Retail Products Group		203			(539	)		(200	)		(923	)		312			54	%	NM				390			(611	)	NM
Individual Life [3]		43			8			26			—			43			—			—			84			43			(49	%)
Total Individual Markets Group		246			(531	)		(174	)		(923	)		355			44	%	NM				474			(568	)	NM
Group Benefits		85			100			90			66			41			(52	%)		(38	%)		155			107			(31	%)
Retirement Plans [3]		33			(36	)		(3	)		(54	)		6			(82	%)	NM				50			(48	)	NM
Total Employer Markets Group		118			64			87			12			47			(60	%)	NM				205			59			(71	%)
International Markets Group [3] [5] [6]		64			(75	)		(110	)		(455	)		142			122	%	NM				131			(313	)	NM
Institutional Solutions Group [3]		27			1			(40	)		(20	)		(5	)	NM				75	%		49			(25	)	NM
Other [7]		(5	)		—			(24	)		5			(46	)	NM			NM				(16	)		(41	)		(156	%)
Core earnings		450			(541	)		(261	)		(1,381	)		493			10	%	NM				843			(888	)	NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(116	)		(1,274	)		(546	)		123			(317	)		(173	%)	NM				(664	)		(194	)		71	%
Net income (loss)	$	334		$	(1,815	)	$	(807	)	$	(1,258	)	$	176			(47	%)	NM			$	179		$	(1,082	)	NM
Stockholders’ ROE (core earnings last 12 months to equity excluding AOCI) [8]		20.6	%		7.5	%		(0.6	%)		(21.2	%)		(19.0	%)		(39.6	)		2.2
Assets under management	$	362,509		$	333,305		$	298,017		$	283,442		$	301,672			(17	%)		6	%
DAC capitalization	$	413		$	397		$	310		$	222		$	196						(12	%)
DAC amortization	$	285		$	1,404		$	542		$	1,736		$	156						(91	%)
DAC and PVFP assets	$	11,706		$	11,012		$	11,988		$	10,828		$	10,529						(3	%)
United States Statutory surplus ($ in billions) [9]	$	5.4		$	4.7		$	6.0		$	5.6		$	6.1

[1]	See table on page L-5 that summarizes the DAC unlock impacts on core revenues and total revenues for the three months ended September 31, 2008, March 31, 2009 and June 30, 2009.
[2]	These revenues will fluctuate principally due to the investment income and the mark-to-market adjustment of the trading investment portfolio supporting the variable annuity business in International, principally in Japan. An equal and offsetting amount is recorded in benefits, losses and loss adjustment expenses, and as such has no impact on core earnings or net income.
[3]	See table on page L-5 that summarizes the DAC unlock impacts on core earnings and net income for the three months ended September 31, 2008, March 31, 2009 and June 30, 2009.
[4]	As a result of the goodwill testing performed during the three months ended, December 31, 2008, Individual Annuity wrote-off goodwill of $274, after-tax.
[5]	Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 for the effect of the triggering of the guaranteed minimum income benefit for the 3 Win product on amortization of deferred policy acquisition costs and policyholder benefits.
[6]	Included an additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3 Win Trigger.
[7]	Includes the after-tax charge of $54 recorded in the three months ended June 30, 2009 for restructuring.
[8]	Core earnings return on equity is calculated using equity attributed to Life using the Company’s capital attribution methodology.
[9]	Estimated United States statutory surplus at June 30, 2009.

L-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS EXCLUDING IMPACTS OF DAC UNLOCKS [1]

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
REVENUES
Retail Products Group
Individual Annuity	$	721		$	685		$	548		$	509		$	532			(26	%)		5	%	$	1,443		$	1,041			(28	%)
Other Retail		222			205			154			138			156			(30	%)		13	%		435			294			(32	%)
Total Retail Products Group		943			890			702			647			688			(27	%)		6	%		1,878			1,335			(29	%)
Individual Life		310			314			275			289			305			(2	%)		6	%		601			594			(1	%)
Total Individual Markets Group		1,253			1,204			977			936			993			(21	%)		6	%		2,479			1,929			(22	%)
Group Benefits	$	1,213		$	1,219		$	1,197		$	1,228		$	1,176			(3	%)		(4	%)	$	2,393		$	2,404			—
Retirement Plans		188			182			149			148			158			(16	%)		7	%		345			306			(11	%)
Total Employer Markets Group		1,401			1,401			1,346			1,376			1,334			(5	%)		(3	%)		2,738			2,710			(1	%)
International Markets Group		264			256			267			220			243			(8	%)		10	%		522			463			(11	%)
Institutional Solutions Group		559			522			441			440			330			(41	%)		(25	%)		1,082			770			(29	%)
Other		38			39			(24	)		37			35			(8	%)		(5	%)		78			72			(8	%)
Core revenues before net investment income (loss) on equity securities held for trading		3,515			3,422			3,007			3,009			2,935			(17	%)		(2	%)		6,899			5,944			(14	%)
Net investment income (loss) and other on equity securities held for trading		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Total core revenues, excluding impacts of DAC unlock	$	4,668		$	7		$	(1,493	)	$	2,285			5,458			17	%		139	%	$	4,474			7,743			73	%
DAC unlock impacts on revenues		—			8			—			150			(36	)		—		NM				—			114			—
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(228	)		(2,019	)		(675	)		377			(316	)		(39	%)	NM				(1,452	)		61		NM
Total revenues	$	4,440		$	(2,004	)	$	(2,168	)	$	2,812		$	5,106			15	%		82	%	$	3,022		$	7,918			162	%
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	189		$	169		$	(198	)	$	65		$	61			(68	%)		(6	%)		363		$	126			(65	%)
Other Retail		14			14			(2	)		1			5			(64	%)	NM				27			6			(78	%)
Total Retail Products Group		203			183			(200	)		66			66			(67	%)		—			390			132			(66	%)
Individual Life		43			45			26			26			41			(5	%)		58	%		84			67			(20	%)
Total Individual Markets Group		246			228			(174	)		92			107			(57	%)		16	%		474			199			(58	%)
Group Benefits	$	85		$	100		$	90		$	66		$	41			(52	%)		(38	%)		155		$	107			(31	%)
Retirement Plans		33			12			(3	)		—			6			(82	%)		—			50			6			(88	%)
Total Employer Markets Group		118			112			87			66			47			(60	%)		(29	%)		205			113			(45	%)
International Markets Group		64			50			(110	)		(31	)		32			(50	%)	NM				131			1			(99	%)
Institutional Solutions Group		27			1			(40	)		(20	)		(5	)	NM				75	%		49			(25	)	NM
Other		(5	)		—			(24	)		5			(46	)	NM			NM				(16	)		(41	)		(156	%)
Core earnings, excluding impacts of DAC unlock		450			391			(261	)		112			135			(70	%)		21	%		843			247			(71	%)
DAC unlock impacts		—			(941	)		—			(1,490	)		360			—		NM				—			(1,130	)		—
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(116	)		(1,265	)		(546	)		120			(319	)		(175	%)	NM				(664	)		(199	)		70	%
Net income (loss)	$	334		$	(1,815	)	$	(807	)	$	(1,258	)	$	176			(47	%)	NM			$	179		$	(1,082	)	NM

[1] This page represents financial results as reported on page L-1 excluding the impacts of the unlocks recorded in the three months ended September 30, 2008, March 31, 2009 and June 30, 2009.

L-1a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
REVENUES
Earned premiums [3]	$	1,305		$	1,335		$	1,296		$	1,318		$	1,114			(15	%)		(15	%)	$	2,534		$	2,432			(4	%)
Fee income [3]		1,390			1,332			1,081			1,148			1,060			(24	%)		(8	%)		2,729			2,208			(19	%)
Net investment income (loss)
Securities available-for-sale and other		829			759			638			689			739			(11	%)		7	%		1,648			1,428			(13	%)
Equity securities held for trading [1]		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Total net investment income (loss)		1,982			(2,656	)		(3,862	)		(35	)		3,262			65	%	NM				(777	)		3,227		NM
Net realized capital losses — core		(9	)		(8	)		(8	)		(12	)		(10	)		(11	%)		17	%		(12	)		(22	)		(83	%)
Total core revenues		4,668			3			(1,493	)		2,419			5,426			16	%		124	%		4,474			7,845			75	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(228	)		(2,007	)		(675	)		393			(320	)		(40	%)	NM				(1,452	)		73		NM
Total revenues		4,440			(2,004	)		(2,168	)		2,812			5,106			15	%		82	%		3,022			7,918			162	%
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [3]		1,771			2,095			1,829			3,033			1,342			(24	%)		(56	%)		3,500			4,375			25	%
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Amortization of deferred policy acquisition costs and present value of future profits [3]		321			1,408			424			1,554			(12	)	NM			NM				638			1,542			142	%
Goodwill impairment [2]		—			—			422			—			—			—			—			—			—			—
Insurance operating costs and other expenses [4]		863			838			782			755			850			(2	%)		13	%		1,680			1,605			(4	%)
Total benefits and expenses		4,108			926			(1,043	)		4,618			4,703			14	%		2	%		3,393			9,321			175	%
CORE EARNINGS
Core earnings before income taxes		560			(923	)		(450	)		(2,199	)		723			29	%	NM				1,081			(1,476	)	NM
Income tax expense (benefit) [3]		110			(382	)		(189	)		(818	)		230			109	%	NM				238			(588	)	NM
Core earnings		450			(541	)		(261	)		(1,381	)		493			10	%	NM				843			(888	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3]		(116	)		(1,274	)		(546	)		123			(317	)		(173	%)	NM				(664	)		(194	)		71	%
Net income (loss)		334			(1,815	)		(807	)		(1,258	)		176			(47	%)	NM				179			(1,082	)	NM

[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 interest credited.
[2]	As a result of the goodwill testing performed during the three months ended December 31, 2008, the Company wrote-off goodwill of $274, after-tax.
[3]	The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $932 and $941, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $1,493 and $1,490, respectively. The DAC unlock recorded in the three months ended June 30, 2009 increased core earnings and net income by $358 and $360, respectively. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009			June 30, 2009
Fee Income	$	(9	)	$	128		$	(25	)
Earned Premiums	$	5		$	6		$	(7	)
Benefits, losses and loss adjustment expense	$	325		$	1,099		$	(345	)
Amortization of deferred policy acquisition costs	$	1,106		$	1,330		$	(272	)
Income tax expense (benefit)	$	(503	)	$	(802	)	$	227
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings	$	(9	)	$	3		$	2

[4] Includes the before-tax charge of $72 recorded in the three months ended June 30, 2009 for restructuring.

L-2

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2008		2008		2008		2009		2009		Change			Change
TOTAL ASSETS UNDER MANAGEMENT
Assets
General account	$	118,455	$	114,838	$	117,707	$	112,237	$	113,037		(5	%)		1	%
Separate account		170,841		154,029		130,184		124,738		133,946		(22	%)		7	%
Total assets		289,296		268,867		247,891		236,975		246,983		(15	%)		4	%
Mutual fund assets		73,213		64,438		50,126		46,467		54,689		(25	%)		18	%
Total assets under management	$	362,509	$	333,305	$	298,017	$	283,442	$	301,672		(17	%)		6	%

L-3

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

																Year Over
																Year			Sequential
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month
	2008			2008			2008			2009			2009			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	49,683		$	46,292		$	45,182		$	42,428		$	43,980			(11	%)		4	%
Equity securities, trading, at fair value		36,853			33,655			30,820			27,813			30,813			(16	%)		11	%
Equity securities, available-for-sale, at fair value		1,194			908			711			525			642			(46	%)		22	%
Policy loans, at outstanding balance		2,146			2,159			2,208			2,197			2,204			3	%		—
Mortgage loans on real estate		5,135			5,460			5,684			5,633			5,503			7	%		(2	%)
Limited partnerships and other alternative investments		1,407			1,410			1,129			955			875			(38	%)		(8	%)
Other investments		894			1,308			1,473			2,909			954			7	%		(67	%)
Short term Investments		2,756			3,793			6,937			8,580			7,365			167	%		(14	%)
Total investments		100,068			94,985			94,144			91,040			92,336			(8	%)		1	%
Cash		1,842			1,683			1,648			1,604			2,196			19	%		37	%
Premiums receivable and agents’ balances		392			390			407			407			374			(5	%)		(8	%)
Reinsurance recoverables		1,535			2,103			2,918			3,177			2,549			66	%		(20	%)
Deferred policy acquisition costs and present value of future profits		11,706			11,012			11,988			10,828			10,529			(10	%)		(3	%)
Deferred income taxes		(135	)		1,324			2,183			3,201			2,528		NM				(21	%)
Goodwill		867			880			462			470			470			(46	%)		—
Property and equipment, net		383			380			400			394			355			(7	%)		(10	%)
Other assets		1,797			2,081			3,557			1,116			1,700			(5	%)		52	%
Separate account assets		170,841			154,029			130,184			124,738			133,946			(22	%)		7	%
Total assets	$	289,296		$	268,867		$	247,891		$	236,975		$	246,983			(15	%)		4	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	15,772		$	16,602		$	16,747		$	18,562		$	18,153			15	%		(2	%)
Other policyholder funds and benefits payable		46,563			47,208			53,753			52,952			49,257			6	%		(7	%)
Other policyholder funds payable — International variable annuities		36,822			33,629			30,799			27,793			30,793			(16	%)		11	%
Unearned premiums		161			163			138			138			145			(10	%)		5	%
Consumer Notes		1,113			1,225			1,210			1,202			1,199			8	%		—
Debt		91			92			92			66			67			(26	%)		2	%
Other liabilities		7,585			7,691			7,297			5,561			5,463			(28	%)		(2	%)
Separate account liabilities		170,841			154,029			130,184			124,738			133,946			(22	%)		7	%
Total liabilities		278,948			260,639			240,220			231,012			239,023			(14	%)		3	%
Equity excluding AOCI, net of tax		11,888			10,752			12,095			10,839			12,112			2	%		12	%
AOCI, net of tax		(1,667	)		(2,649	)		(4,516	)		(4,904	)		(4,172	)		(150	%)		15	%
Total stockholders’ equity		10,221			8,103			7,579			5,935			7,940			(22	%)		34	%
Noncontrolling Interest		127			125			92			28			20			(84	%)		(29	%)
Total equity		10,348			8,228			7,671			5,963			7,960			(23	%)		33	%
Total liabilities and equity	$	289,296		$	268,867		$	247,891		$	236,975		$	246,983			(15	%)		4	%

L-4

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

																			Institutional
	Individual			Other			Individual			Group			Retirement						Solutions
	Annuity			Retail			Life			Benefits			Plans			International			Group			Total
YEAR-TO-DATE
Balance, December 31, 2008	$	5,693		$	108		$	3,027		$	81		$	877		$	2,046		$	156		$	11,988
Adjustments to unrealized gains and losses on securities available — for — sale and other		(1,277	)		(42	)		(420	)		(1	)		(209	)		46			—			(1,903	)
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,416			66			2,607			80			668			2,092			156			10,085
Cumulative effect of accounting changes (Pre-tax) [1]		(4	)		—			(19	)		—			(31	)		(24	)		—			(78	)
Capitalization		120			21			130			31			60			51			5			418
Amortization — Deferred Policy Acquisition Costs		(206	)		(27	)		(82	)		(29	)		(11	)		(113	)		(7	)		(475	)
Amortization — Present Value of Future Profits		1			—			(11	)		—			—			—			—			(10	)
Amortization — Realized Capital Gains / Losses		(347	)		—			11			—			16			(19	)		—			(339	)
Amortization — Unlock — Core		(770	)		—			(98	)		—			(79	)		(111	)		—			(1,058	)
Amortization — Unlock — Non-core		(4	)		—			—			—			(4	)		(2	)		—			(10	)
Effect of Currency Translation Adjustment		—			—			—			—			—			(99	)		—			(99	)
Balance, June 30, 2009		3,206			60			2,538			82			619			1,775			154			8,434
Adjustments to unrealized gains and losses on securities available — for — sale and other [1]		1,364			—			301			—			387			43			—			2,095
Balance, June 30, 2009 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,570		$	60		$	2,839		$	82		$	1,006		$	1,818		$	154		$	10,529

[1] Includes the cumulative effect adjustments as a result of the adoption of FSP FAS 115-2. The effect of SFAS 115-2 is offset within the adjustments to unrealized gains and losses on securities, available-for-sale and other.

	THREE MONTHS ENDED,
	Sept. 30,			March 31,			June 30,
	2008			2009			2009
DAC UNLOCK IMPACT ON REVENUES
Individual Annuity	$	29		$	72		$	(36	)
Individual Life		(26	)		63			(2	)
International Markets Group		(7	)		(1	)		6
Total DAC unlock impact on core revenues	$	(4	)	$	134		$	(32	)
DAC unlock impact on net realized gains (losses), before tax and DAC, excluded from core		12			16			(4	)
Total DAC unlock impact on revenues	$	8		$	150		$	(36	)
DAC UNLOCK IMPACT ON CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	(721	)	$	(989	)	$	246
Other Retail		(1	)		—			—
Total Retail Products Group		(722	)		(989	)		246
Individual Life		(37	)		(26	)		2
Total Individual Markets Group		(759	)		(1,015	)		248
Retirement Plans		(48	)		(54	)		—
Total Employer Markets Group		(48	)		(54	)		—
International Markets Group		(125	)		(424	)		110
DAC unlock impact on core earnings		(932	)		(1,493	)		358
DAC unlock impact on net realized gains (losses), net of tax and DAC, excluded from core earnings		(9	)		3			2
Net income (loss)	$	(941	)	$	(1,490	)	$	360

L-5

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

	As of June 30, 2009
			NET AMT AT		% of NAR
	ACCOUNT VALUE		RISK [9]		REINSURED			RETAINED NAR [9]
BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE
Maximum anniversary value (MAV) [1]
MAV only	$	25,259	$	12,600		67	%	$	4,164
with 5% rollup [2]		1,835		1,016		59	%		413
with Earnings Protection Benefit Rider (EPB) [3]		5,280		2,091		90	%		217
with 5% rollup & EPB		729		346		80	%		68
Total MAV		33,103		16,053		70	%		4,862
Asset Protection Benefit (APB) [4]		25,761		8,334		35	%		5,432
Lifetime Income Benefit (LIB) [5]		1,164		407		—	%		407
Reset [6] (5-7 years)		3,402		943		—	%		942
Return of Premium [7]/Other		18,434		3,124		7	%		2,915
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS [10]	$	81,864	$	28,861		50	%	$	14,558
Less: General Account Value Subject to U.S. Guaranteed Minimum Death Benefits		6,961
SUBTOTAL SEPARATE ACCOUNT LIABILITIES SUBJECT TO U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	74,903
Separate Account Liabilities Not Subject to U.S. Guaranteed Minimum Death Benefits		59,043
TOTAL SEPARATE ACCOUNT LIABILITIES	$	133,946
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		29,272		6,904		17	%		5,765

	As of		As of		As of		As of		As of
	June 30,		September 30,		December 31,		March 31,		June 30,
	2008		2008		2008		2009		2009
OTHER DATA
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,280.00		1,164.74		903.25		797.87		919.32
Total Account Value	$	112,786	$	99,118	$	81,128	$	74,453	$	81,864
Retained net amount of risk		4,067		8,565		17,149		18,726		14,558
GMDB net GAAP liability [11]		208		304		275		749		578
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	35,910	$	32,706	$	29,726	$	26,567	$	29,272
Retained net amount of risk		1,706		3,716		7,761		7,619		5,765
GMDB/GMIB net GAAP liability [11]		37		178		198		679		525

[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, net premiums paid, or for certain contracts 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 $28.1 billion and $30.6 billion as of June 30, 2009 and December 31, 2008, respectively.
[9]	Net amount at risk is defined as the guaranteed benefit in excess of the current account value. Retained net amount at risk is net amount at risk reduced by that amount which has been reinsured to third parties. Net amount at risk and retained net amount at risk are highly sensitive to equity markets movements for example, as equity market declines, net amount at risk and retained net amount at risk will generally increase.
[10]	Account Value includes the contractholder’s investment in the separate account and the general account.
[11]	For the three months ended September 30, 2008 there was an increase to GMDB/GMIB liability, as a result of the unlock, for U.S. and Japan variable annuity business of $116 and $139, respectively. For the three months ended March 31, 2009 the amounts were $511 and $509, respectively. For the three months ended June 30, 2009 the amounts were $(158) and $(180), respectively.

L-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of June 30, 2009

Statutory Reserve Credit and Amounts Recoverable
Gross statutory reinsurance reserve credit	$	2,666
Liability for reinsurance in unauthorized companies		(2	)
Net statutory reinsurance reserve credit	$	2,664
Statutory amounts recoverable from reinsurers	$	121

The top ten reinsurers represent $2,586 or 97% of the total statutory reserve credit and amounts recoverable.

• 20% of this amount is with reinsurers rated “A+” by A.M. Best at July 23, 2009.

• 42% of this amount is with reinsurers rated “A” by A.M. Best at July 23, 2009.

• 32% of this amount is with reinsurers rated “A-” by A.M. Best at July 23, 2009.

• 6% of this amount is with reinsurers rated “B++” by A.M. Best at July 23, 2009.

L-7

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

	June 30, 2009			December 31, 2008
Statutory Capital and Surplus	$	6,068		$	6,046
GAAP Adjustments
Investment in subsidiaries		700			2,960
Deferred policy acquisition costs		10,529			11,988
Deferred taxes		1,994			1,461
Benefit reserves		(4,906	)		(7,224	)
Unrealized losses on investments, net of impairments		(6,982	)		(8,465	)
Asset valuation reserve and interest maintenance reserve		172			177
Goodwill		403			376
Other, net		(18	)		260
GAAP Stockholders’ Equity	$	7,960		$	7,579

Certain Reclassifications have been made to prior year financial information to conform to current year presentation.

L-8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	495		$	454		$	335		$	302		$	325			(34	%)		8	%	$	992		$	627			(37	%)
Other fees [2]		34			59			31			93			(4	)	NM			NM				67			89			33	%
Total fee income		529			513			366			395			321			(39	%)		(19	%)		1,059			716			(32	%)
Direct premiums		24			29			22			18			26			8	%		44	%		48			44			(8	%)
Reinsurance premiums [2]		(31	)		(18	)		(24	)		(16	)		(30	)		3	%		(88	%)		(61	)		(46	)		25	%
Net premiums		(7	)		11			(2	)		2			(4	)		43	%	NM				(13	)		(2	)		85	%
Total premiums and other considerations		522			524			364			397			317			(39	%)		(20	%)		1,046			714			(32	%)
Net investment income
Net investment income on G/A assets		210			198			162			169			181			(14	%)		7	%		419			350			(16	%)
Net investment income on assigned capital		20			22			31			13			19			(5	%)		46	%		39			32			(18	%)
Charge for invested capital		(32	)		(30	)		(7	)		2			(16	)		50	%	NM				(65	)		(14	)		78	%
Total net investment income		198			190			186			184			184			(7	%)		—			393			368			(6	%)
Net realized capital gains (losses) — core		1			—			(2	)		—			(5	)	NM				—			4			(5	)	NM
Total core revenues		721			714			548			581			496			(31	%)		(15	%)		1,443			1,077			(25	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(71	)		(483	)		(595	)		486			(5	)		93	%	NM				(830	)		481		NM
Total revenues		650			231			(47	)		1,067			491			(24	%)		(54	%)		613			1,558			154	%
Benefits and Expenses
Benefits and losses
Death benefits [2]		13			131			35			555			(116	)	NM			NM				26			439		NM
Other contract benefits		18			24			27			22			15			(17	%)		(32	%)		36			37			3	%
Change in reserve		13			14			11			4			12			(8	%)	NM				27			16			(41	%)
Sales inducements [2]		12			73			2			80			(5	)	NM			NM				25			75		NM
Interest credited on G/A assets		148			159			162			169			171			16	%		1	%		298			340			14	%
Total benefits and losses		204			401			237			830			77			(62	%)		(91	%)		412			907			120	%
Other insurance expenses
Commissions & wholesaling expenses		242			214			175			135			126			(48	%)		(7	%)		495			261			(47	%)
Operating expenses		62			56			56			49			49			(21	%)		—			114			98			(14	%)
Premium taxes and other expenses		2			3			5			4			4			100	%		—			5			8			60	%
Subtotal — expenses before deferral		306			273			236			188			179			(42	%)		(5	%)		614			367			(40	%)
Deferred policy acquisition costs		(157	)		(144	)		(109	)		(65	)		(55	)		65	%		15	%		(324	)		(120	)		63	%
Total other insurance expense		149			129			127			123			124			(17	%)		1	%		290			247			(15	%)
Amortization of deferred policy acquisition costs [2]		157			1,096			86			1,100			(125	)	NM			NM				321			975		NM
Goodwill impairment [4]		—			—			422			—			—			—			—			—			—			—
Total benefits and expenses		510			1,626			872			2,053			76			(85	%)		(96	%)		1,023			2,129			108	%
Core earnings (loss) before income taxes		211			(912	)		(324	)		(1,472	)		420			99	%	NM				420			(1,052	)	NM
Income tax expense (benefit) [1] [2]		22			(360	)		(126	)		(548	)		113		NM			NM				57			(435	)	NM
Core earnings (loss) [2]		189			(552	)		(198	)		(924	)		307			62	%	NM				363			(617	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [2] [3]		(33	)		(282	)		(470	)		178			(119	)	NM			NM				(297	)		59		NM
Net income (loss) [2]	$	156		$	(834	)	$	(668	)	$	(746	)	$	188			21	%	NM			$	66		$	(558	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		64.7			(202.0	)		(83.9	)		(445.9	)		146.6			127	%	NM				59.3			(142.3	)	NM
Net income (loss)		53.4			(305.1	)		(283.1	)		(360.0	)		89.8			68	%	NM				10.8			(128.7	)	NM

[1]

The three months ended June 30, 2008 includes a tax benefit of $16 related to DRD and FTC.

[2]

The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $721 and $731, respectively. The DAC unlock recorded in the three months ended ended March 31, 2009 decreased core earnings and net income by $989 and $985, respectively. The DAC unlock recorded in the three months ended June 30, 2009 increased core earnings and net income by $246 and $253, respectively. The effect on each income statement line item is as follows:

	Sept. 30, 2008			March 31, 2009			June 30, 2009
Other Fees	$	24		$	66		$	(29	)
Reinsurance Premiums	$	5		$	6		$	(7	)
Death Benefits	$	116		$	511		$	(158	)
Sales Inducements	$	62		$	71		$	(15	)
Amortization of deferred policy acquisition costs	$	959		$	1,011		$	(241	)
Income tax expense (benefit)	$	(387	)	$	(532	)	$	132
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings	$	(10	)	$	4		$	7

[3]	Included in the three months ended June 30, September 30, and December 31, 2008 and March 31 and June 30, 2009 are guaranteed minimum withdrawal benefit (“GMWB”), net realized gains (losses), net of tax and DAC, excluded from core earnings of $(7), ($45), ($254), $237 and $304, respectively.
[4]	As a result of the goodwill testing performed during the three months ended, December 31, 2008, Individual Annuity wrote-off goodwill of $274, after-tax.

L-9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	4		$	3		$	2		$	—		$	—			(100	%)		—		$	8		$	—			(100	%)
Mutual fund and other fees		224			208			158			142			162			(28	%)		14	%		437			304			(30	%)
Total fee income		228			211			160			142			162			(29	%)		14	%		445			304			(32	%)
Net investment loss
Net investment loss on G/A assets		(3	)		(3	)		(4	)		(3	)		(4	)		(33	%)		(33	%)		(4	)		(7	)		(75	%)
Net investment loss on assigned capital		(3	)		(3	)		(2	)		(1	)		(2	)		33	%		(100	%)		(6	)		(3	)		50	%
Total net investment loss		(6	)		(6	)		(6	)		(4	)		(6	)		—			(50	%)		(10	)		(10	)		—
Total core revenues		222			205			154			138			156			(30	%)		13	%		435			294			(32	%)
Net realized losses, before tax and DAC, excluded from core revenues		—			(1	)		—			—			—			—			—			—			—			—
Total revenues		222			204			154			138			156			(30	%)		13	%		435			294			(32	%)
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		158			143			103			97			116			(27	%)		20	%		307			213			(31	%)
Operating expenses		40			34			30			29			26			(35	%)		(10	%)		80			55			(31	%)
Premium taxes and other expenses		3			5			6			5			6			100	%		20	%		7			11			57	%
Subtotal — expenses before deferral		201			182			139			131			148			(26	%)		13	%		394			279			(29	%)
Deferred policy acquisition costs		(23	)		(17	)		(12	)		(9	)		(12	)		48	%		(33	%)		(45	)		(21	)		53	%
Total other insurance expense		178			165			127			122			136			(24	%)		11	%		349			258			(26	%)
Amortization of deferred policy acquisition costs		22			22			30			14			13			(41	%)		(7	%)		44			27			(39	%)
Total benefits and expenses		200			187			157			136			149			(26	%)		10	%		393			285			(27	%)
Core earnings (loss) before income taxes		22			18			(3	)		2			7			(68	%)		NM			42			9			(79	%)
Income tax expense (benefit)		8			5			(1	)		1			2			(75	%)		100	%		15			3			(80	%)
Core earnings (loss)		14			13			(2	)		1			5			(64	%)		NM			27			6			(78	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			(1	)		—			1			(1	)		—		NM				—			—			—
Net income (loss)	$	14		$	12		$	(2	)	$	2		$	4			(71	%)		100	%	$	27		$	6			(78	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		11.5			11.1			(2.1	)		1.3			6.1			(47	%)	NM				10.7			3.5			(67	%)
Net income		11.5			10.3			(2.1	)		2.6			4.9			(57	%)		88	%		10.7			3.5			(67	%)

L-10

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2008		2008		2008		2009		2009		Change			Change			2008		2009		Change
Individual Annuity
Broker-dealer	$	1,574	$	1,502	$	1,266	$	949	$	564		(64	%)		(41	%)	$	3,251	$	1,513		(53	%)
Banks		982		832		742		386		418		(57	%)		8	%		1,920		804		(58	%)
Total deposits by distribution		2,556		2,334		2,008		1,335		982		(62	%)		(26	%)		5,171		2,317		(55	%)
Variable		2,233		1,948		1,160		702		701		(69	%)		—			4,779		1,403		(71	%)
Fixed MVA/other		323		386		848		633		281		(13	%)		(56	%)		392		914		133	%
Total deposits by product		2,556		2,334		2,008		1,335		982		(62	%)		(26	%)		5,171		2,317		(55	%)
Retail Mutual Funds		3,967		3,614		2,565		2,250		3,075		(22	%)		37	%		7,933		5,325		(33	%)
529 College Savings Plan/Specialty Products/Other [1]		153		141		80		57		42		(73	%)		(26	%)		336		99		(71	%)
Total Retail Products Group	$	6,676	$	6,089	$	4,653	$	3,642	$	4,099		(39	%)		13	%	$	13,440	$	7,741		(42	%)

[1] The Specialty products / Other business was transferred to International, effective January 1, 2009 on a prospective basis.

L-11

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2008		2008		2008		2009		2009		Change			Change
INDIVIDUAL ANNUITY
General account	$	15,275	$	15,650	$	16,051	$	16,499	$	16,516		8	%		—
Non-guaranteed separate account		100,436		87,287		69,805		63,414		71,046		(29	%)		12	%
Total Individual Annuity	$	115,711	$	102,937	$	85,856	$	79,913	$	87,562		(24	%)		10	%
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	5,039	$	5,081	$	4,866	$	4,839	$	4,670		(7	%)		(3	%)
Non-guaranteed separate account		100,306		87,169		69,712		63,327		70,943		(29	%)		12	%
Total individual variable annuities		105,345		92,250		74,578		68,166		75,613		(28	%)		11	%
Fixed MVA & other individual annuities		10,366		10,687		11,278		11,747		11,949		15	%		2	%
Total Individual Annuity		115,711		102,937		85,856		79,913		87,562		(24	%)		10	%
Specialty Products/Other — Segregated Assets [1]		578		500		398		—		—		(100	%)		—
Mutual Fund Assets
Retail mutual fund assets		47,239		40,903		31,032		28,706		34,708		(27	%)		21	%
Specialty Product/Other mutual fund assets [1]		1,126		1,071		826		—		—		(100	%)		—
529 College Savings Plan assets		1,150		1,013		852		837		985		(14	%)		18	%
Total Mutual Fund Assets		49,515		42,987		32,710		29,543		35,693		(28	%)		21	%
Total Retail Products Group Assets Under Management	$	165,804	$	146,424	$	118,964	$	109,456	$	123,255		(26	%)		13	%

[1] The Specialty products / Other business was transferred to International, effective January 1, 2009 on a prospective basis.

L-12

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
VARIABLE ANNUITIES
Beginning balance	$	107,920		$	105,345		$	92,250		$	74,578		$	68,166
Deposits		2,233			1,948			1,160			702			701
Surrenders		(3,331	)		(3,058	)		(2,671	)		(2,288	)		(1,929	)
Death benefits/annuity payouts		(460	)		(404	)		(342	)		(349	)		(351	)
Transfers [2]		(20	)		(26	)		(25	)		(29	)		(17	)
Net Flows		(1,578	)		(1,540	)		(1,878	)		(1,964	)		(1,596	)
Change in market value/change in reserve/interest credited		(1,016	)		(11,544	)		(15,778	)		(4,443	)		9,048
Other [3]		19			(11	)		(16	)		(5	)		(5	)
Ending balance	$	105,345		$	92,250		$	74,578		$	68,166		$	75,613
FIXED MVA AND OTHER
Beginning balance	$	10,130		$	10,366		$	10,687		$	11,278		$	11,747
Deposits		323			386			848			633			281
Surrenders		(175	)		(131	)		(308	)		(238	)		(164	)
Death benefits/annuity payouts		(102	)		(101	)		(112	)		(113	)		(110	)
Transfers [2]		71			57			55			55			41
Net Flows		117			211			483			337			48
Change in market value/change in reserve/interest credited		119			110			108			132			154
Ending balance	$	10,366		$	10,687		$	11,278		$	11,747		$	11,949
TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	118,050		$	115,711		$	102,937		$	85,856		$	79,913
Deposits		2,556			2,334			2,008			1,335			982
Surrenders		(3,506	)		(3,189	)		(2,979	)		(2,526	)		(2,093	)
Death benefits/annuity payouts		(562	)		(505	)		(454	)		(462	)		(461	)
Transfers [2]		51			31			30			26			24
Net Flows		(1,461	)		(1,329	)		(1,395	)		(1,627	)		(1,548	)
Change in market value/change in reserve/interest credited		(897	)		(11,434	)		(15,670	)		(4,311	)		9,202
Other [3]		19			(11	)		(16	)		(5	)		(5	)
Ending balance	$	115,711		$	102,937		$	85,856		$	79,913		$	87,562

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.
[3]	Includes a bonus on certain products, front end loads on A share products and annual maintenance fees. The three months ended June 30, 2008 also includes the crediting of policyholder account balances associated with the settlement of the New York Attorney General’s investigation related to market timing.

L-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — OTHER RETAIL — ASSET ROLLFORWARD

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
RETAIL MUTUAL FUNDS
Beginning balance	$	44,617		$	47,239		$	40,903		$	31,032		$	28,706
Deposits		3,967			3,614			2,565			2,250			3,075
Redemptions		(2,066	)		(2,798	)		(3,563	)		(2,750	)		(1,948	)
Net Sales		1,901			816			(998	)		(500	)		1,127
Change in market value		761			(7,117	)		(8,852	)		(1,807	)		4,901
Other [1]		(40	)		(35	)		(21	)		(19	)		(26	)
Ending balance	$	47,239		$	40,903		$	31,032		$	28,706		$	34,708

[1] Includes front end loads on A share products

L-14

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

																Year Over
																Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable life fees	$	19		$	16		$	12		$	11		$	12			(37	%)		9	%	$	37		$	23			(38	%)
Cost of insurance charges		143			145			150			152			153			7	%		1	%		283			305			8	%
Other fees [1]		75			59			59			130			75			—			(42	%)		138			205			49	%
Total fee income		237			220			221			293			240			1	%		(18	%)		458			533			16	%
Direct premiums		30			31			32			31			33			10	%		6	%		58			64			10	%
Reinsurance premiums		(49	)		(46	)		(51	)		(50	)		(53	)		(8	%)		(6	%)		(95	)		(103	)		(8	%)
Net premiums		(19	)		(15	)		(19	)		(19	)		(20	)		(5	%)		(5	%)		(37	)		(39	)		(5	%)
Total premiums and other considerations		218			205			202			274			220			1	%		(20	%)		421			494			17	%
Net investment income
Net investment income on G/A assets		95			87			77			82			89			(6	%)		9	%		187			171			(9	%)
Net investment income on assigned capital		4			5			3			2			1			(75	%)		(50	%)		8			3			(63	%)
Charge for invested capital		(7	)		(8	)		(6	)		(5	)		(6	)		14	%		(20	%)		(15	)		(11	)		27	%
Total net investment income		92			84			74			79			84			(9	%)		6	%		180			163			(9	%)
Net realized capital losses — core		—			(1	)		(1	)		(1	)		(1	)		—			—			—			(2	)		—
Total core revenues		310			288			275			352			303			(2	%)		(14	%)		601			655			9	%
Net realized losses and other, before tax and DAC, excluded from core revenues		(25	)		(169	)		(21	)		(33	)		(48	)		(92	%)		(45	%)		(60	)		(81	)		(35	%)
Total revenues		285			119			254			319			255			(11	%)		(20	%)		541			574			6	%
Benefits and Expenses
Benefits and losses
Death benefits		88			86			94			94			78			(11	%)		(17	%)		179			172			(4	%)
Other contract benefits		5			5			5			5			6			20	%		20	%		10			11			10	%
Change in reserve [1]		(3	)		4			(3	)		2			(1	)		67	%	NM				(7	)		1		NM
Sales inducements		—			—			—			1			—			—			(100	%)		—			1			—
Interest credited on G/A assets		63			64			65			62			64			2	%		3	%		125			126			1	%
Total benefits and losses		153			159			161			164			147			(4	%)		(10	%)		307			311			1	%
Other insurance expenses
Commissions & wholesaling expenses		57			60			67			39			41			(28	%)		5	%		116			80			(31	%)
Operating expenses		70			66			69			61			60			(14	%)		(2	%)		134			121			(10	%)
Premium taxes and other expenses		13			14			13			12			11			(15	%)		(8	%)		25			23			(8	%)
Subtotal — expenses before deferral		140			140			149			112			112			(20	%)		—			275			224			(19	%)
Deferred policy acquisition costs		(89	)		(91	)		(94	)		(64	)		(66	)		26	%		(3	%)		(177	)		(130	)		27	%
Total other insurance expense		51			49			55			48			46			(10	%)		(4	%)		98			94			(4	%)
Amortization of deferred policy acquisition costs and present value of future profits [1]		44			74			21			143			48			9	%		(66	%)		76			191			151	%
Total benefits and expenses		248			282			237			355			241			(3	%)		(32	%)		481			596			24	%
Core earnings (loss) before income taxes		62			6			38			(3	)		62			—		NM				120			59			(51	%)
Income tax expense (benefit) [1]		19			(2	)		12			(3	)		19			—		NM				36			16			(56	%)
Core earnings [1]		43			8			26			—			43			—			—			84			43			(49	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings [1]		(13	)		(110	)		(17	)		(18	)		(27	)		(108	%)		(50	%)		(34	)		(45	)		(32	%)
Net income (loss) [1]	$	30		$	(102	)	$	9		$	(18	)	$	16			(47	%)	NM			$	50		$	(2	)	NM
Earnings Margin (After-tax)
Core earnings		13.9	%		2.8	%		9.5	%		0.0	%		14.2	%		0.3			14.2			14.0	%		6.6	%		(7.4	)
Net income		10.5	%		(85.7	%)		3.5	%		(5.6	%)		6.3	%		(4.2	)		11.9			9.2	%		(0.3	%)		(9.5	)

[1] The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $37 and $44, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased both core earnings and net income by $26. The DAC unlock recorded in the three months ended June 30, 2009 increased both core earnings and net income by $2. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009			June 30, 2009
Other Fees	$	(26	)	$	63		$	(2	)
Change in reserve		5			—			—
Amortization of deferred policy acquisition costs		26			103			(5	)
Income tax expense (benefit)		(20	)		(14	)		1
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(7	)		—			—

L-15

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2008		2008		2008		2009		2009		Change			Change			2008		2009		Change
SALES BY DISTRIBUTION
Wirehouse	$	25	$	24	$	22	$	13	$	12		(52	%)		(8	%)	$	49	$	25		(49	%)
Banks		9		9		8		5		8		(11	%)		60	%		18		13		(28	%)
Independent		32		31		36		16		20		(38	%)		25	%		61		36		(41	%)
Other		4		5		4		3		5		25	%		67	%		7		8		14	%
Total sales by distribution	$	70	$	69	$	70	$	37	$	45		(36	%)		22	%	$	135	$	82		(39	%)
SALES BY PRODUCT
Variable Life		23		22		18		8		9		(61	%)		13	%	$	51	$	17		(67	%)
Universal life/whole life		40		41		45		23		31		(23	%)		35	%		72		54		(25	%)
Term life/other		7		6		7		6		5		(29	%)		(17	%)		12		11		(8	%)
Total sales by product	$	70	$	69	$	70	$	37	$	45		(36	%)		22	%	$	135	$	82		(39	%)
ACCOUNT VALUE
General account	$	5,768	$	5,863	$	5,926	$	5,983	$	6,054		5	%		1	%
Separate account		6,090		5,308		4,256		3,998		4,505		(26	%)		13	%
Total account value	$	11,858	$	11,171	$	10,182	$	9,981	$	10,559		(11	%)		6	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	6,625	$	5,848	$	4,802	$	4,550	$	5,049		(24	%)		11	%
Universal life/interest sensitive whole life		4,569		4,663		4,727		4,788		4,876		7	%		2	%
Modified guaranteed life		542		537		529		522		515		(5	%)		(1	%)
Other		122		123		124		121		119		(2	%)		(2	%)
Total account value by product	$	11,858	$	11,171	$	10,182	$	9,981	$	10,559		(11	%)		6	%
LIFE INSURANCE IN-FORCE
Variable life	$	78,557	$	78,809	$	78,853	$	77,913	$	76,946		(2	%)		(1	%)
Universal life/interest sensitive whole life		50,298		51,355		52,356		52,711		53,213		6	%		1	%
Term life		57,371		60,261		63,334		65,318		66,955		17	%		3	%
Modified guaranteed life		648		637		624		612		602		(7	%)		(2	%)
Other		299		299		297		299		324		8	%		8	%
Total life insurance in-force	$	187,173	$	191,361	$	195,464	$	196,853	$	198,040		6	%		1	%

L-16

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
VARIABLE LIFE
Beginning balance	$	6,620		$	6,625		$	5,848		$	4,802		$	4,550
First year & single premiums		74			63			63			30			24
Renewal premiums		140			139			149			130			128
Premiums and deposits		214			202			212			160			152
Surrenders		(99	)		(76	)		(79	)		(67	)		(77	)
Death benefits		(20	)		(20	)		(13	)		(13	)		(11	)
Net Flows		95			106			120			80			64
Policy fees		(123	)		(128	)		(137	)		(123	)		(123	)
Change in market value/interest credited		33			(755	)		(1,029	)		(209	)		558
Ending balance	$	6,625		$	5,848		$	4,802		$	4,550		$	5,049
OTHER [1]
Beginning balance	$	5,159		$	5,233		$	5,323		$	5,380		$	5,431
First year & single premiums		108			125			145			99			118
Renewal premiums		120			123			136			128			131
Premiums and deposits		228			248			281			227			249
Surrenders		(54	)		(53	)		(76	)		(67	)		(58	)
Death benefits		(24	)		(22	)		(55	)		(27	)		(24	)
Net Flows		150			173			150			133			167
Policy fees		(133	)		(139	)		(152	)		(138	)		(145	)
Change in market value/interest credited		57			56			59			56			57
Ending balance	$	5,233		$	5,323		$	5,380		$	5,431		$	5,510
TOTAL INDIVIDUAL LIFE
Beginning balance	$	11,779		$	11,858		$	11,171		$	10,182		$	9,981
First year & single premiums		182			188			208			129			142
Renewal premiums		260			262			285			258			259
Premiums and deposits		442			450			493			387			401
Surrenders		(153	)		(129	)		(155	)		(134	)		(135	)
Death benefits		(44	)		(42	)		(68	)		(40	)		(35	)
Net Flows		245			279			270			213			231
Policy fees		(256	)		(267	)		(289	)		(261	)		(268	)
Change in market value/interest credited		90			(699	)		(970	)		(153	)		615
Ending balance	$	11,858		$	11,171		$	10,182		$	9,981		$	10,559

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

L-17

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

																Year Over
																Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
ASO fees	$	9		$	9		$	9		$	11		$	9			—			(18	%)	$	18		$	20			11	%
Other fees		1			—			(1	)		1			(1	)	NM			NM				—			—			—
Total fee income		10			9			8			12			8			(20	%)		(33	%)		18			20			11	%
Direct premiums		1,060			1,061			1,055			1,103			1,053			(1	%)		(5	%)		2,091			2,156			3	%
Reinsurance premiums		30			39			45			23			13			(57	%)		(43	%)		65			36			(45	%)
Net premiums		1,090			1,100			1,100			1,126			1,066			(2	%)		(5	%)		2,156			2,192			2	%
Total premiums and other considerations		1,100			1,109			1,108			1,138			1,074			(2	%)		(6	%)		2,174			2,212			2	%
Net investment income
Net investment income on G/A assets		95			92			71			83			91			(4	%)		10	%		183			174			(5	%)
Net investment income on assigned capital		18			19			18			8			11			(39	%)		38	%		36			19			(47	%)
Total net investment income		113			111			89			91			102			(10	%)		12	%		219			193			(12	%)
Net realized capital losses — core		—			(1	)		—			(1	)		—			—			100	%		—			(1	)		—
Total core revenues		1,213			1,219			1,197			1,228			1,176			(3	%)		(4	%)		2,393			2,404			—
Net realized gains (losses), before tax and DAC, excluded from core revenues		(37	)		(440	)		(26	)		4			(41	)		(11	%)	NM				(73	)		(37	)		49	%
Total revenues		1,176			779			1,171			1,232			1,135			(3	%)		(8	%)		2,320			2,367			2	%
Benefits and Expenses
Benefits and losses
Death benefits		316			321			284			335			326			3	%		(3	%)		606			661			9	%
Other contract benefits		469			463			460			457			456			(3	%)		—			944			913			(3	%)
Change in reserve		26			(4	)		21			68			40			54	%		(41	%)		49			108			120	%
Total benefits and losses		811			780			765			860			822			1	%		(4	%)		1,599			1,682			5	%
Other insurance expenses
Commissions & wholesaling expenses		128			144			146			125			143			12	%		14	%		276			268			(3	%)
Operating expenses		145			134			145			134			144			(1	%)		7	%		280			278			(1	%)
Premium taxes and other expenses		12			21			20			22			14			17	%		(36	%)		31			36			16	%
Subtotal — expenses before deferral		285			299			311			281			301			6	%		7	%		587			582			(1	%)
Deferred policy acquisition costs		(15	)		(16	)		(21	)		(17	)		(14	)		7	%		18	%		(32	)		(31	)		3	%
Total other insurance expense		270			283			290			264			287			6	%		9	%		555			551			(1	%)
Amortization of deferred policy acquisition costs		14			15			15			14			15			7	%		7	%		27			29			7	%
Total benefits and expenses		1,095			1,078			1,070			1,138			1,124			3	%		(1	%)		2,181			2,262			4	%
Core earnings before income taxes		118			141			127			90			52			(56	%)		(42	%)		212			142			(33	%)
Income tax expense		33			41			37			24			11			(67	%)		(54	%)		57			35			(39	%)
Core earnings		85			100			90			66			41			(52	%)		(38	%)		155			107			(31	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(23	)		(286	)		(18	)		3			(27	)		(17	%)	NM				(47	)		(24	)		49	%
Net income (loss)	$	62		$	(186	)	$	72		$	69		$	14			(77	%)		(80	%)	$	108		$	83			(23	%)
After-Tax Profit as % of Revenues
Core earnings		7.0	%		8.2	%		7.5	%		5.4	%		3.5	%		(3.5	)		(1.9	)		6.5	%		4.5	%		(2.0	)
Net income		5.3	%		-23.9	%		6.1	%		5.6	%		1.2	%		(4.1	)		(4.4	)		4.7	%		3.5	%		(1.2	)

L-18

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	497		$	490		$	517		$	518		$	476			(4	%)		(8	%)	$	977		$	994			2	%
Group life		526			534			516			543			529			1	%		(3	%)		1,034			1,072			4	%
Other		67			75			67			65			61			(9	%)		(6	%)		145			126			(13	%)
Total fully insured — ongoing premiums		1,090			1,099			1,100			1,126			1,066			(2	%)		(5	%)		2,156			2,192			2	%
Total buyouts [1]		—			1			—			—			—			—			—			—			—			—
Total premiums		1,090			1,100			1,100			1,126			1,066			(2	%)		(5	%)		2,156			2,192			2	%
Group disability — premium equivalents [2]		85			85			83			92			104			22	%		13	%		170			196			15	%
Total premiums and premium equivalent	$	1,175		$	1,185		$	1,183		$	1,218		$	1,170			—			(4	%)	$	2,326		$	2,388			3	%
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	54		$	66		$	65		$	204		$	37			(31	%)		(82	%)	$	244		$	241			(1	%)
Group life		76			87			75			188			48			(37	%)		(74	%)		262			236			(10	%)
Other		5			5			6			8			4			(20	%)		(50	%)		10			12			20	%
Total fully insured — ongoing sales		135			158			146			400			89			(34	%)		(78	%)		516			489			(5	%)
Total buyouts [1]		—			1			—			—			—			—			—			—			—			—
Total sales		135			159			146			400			89			(34	%)		(78	%)		516			489			(5	%)
Group disability premium equivalents [2]		6			7			24			62			25		NM				(60	%)		101			87			(14	%)
Total sales and premium equivalents	$	141		$	166		$	170		$	462		$	114			(19	%)		(75	%)	$	617		$	576			(7	%)
RATIOS [3]
Loss Ratio		73.7	%		70.3	%		69.0	%		75.6	%		76.5	%		2.8			0.9			73.6	%		76.0	%		2.4
Expense Ratio		25.8	%		26.9	%		27.5	%		24.4	%		28.1	%		2.3			3.7			26.8	%		26.2	%		(0.6	)
GAAP RESERVES [4]
Group disability	$	4,699		$	4,717		$	4,727		$	4,771		$	4,823			3	%		1	%
Group life		1,331			1,319			1,333			1,336			1,337			—			—
Other		112			98			100			92			88			(21	%)		(4	%)
Total GAAP reserves	$	6,142		$	6,134		$	6,160		$	6,199		$	6,248			2	%		1	%

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	Reserve balances for the three months ended June 30, September 30, and December 31, 2008 and March 31 and June 30, 2009 are net of reinsurance recoverables of $ 241, $243, $231, $193 and $200, respectively.

L-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
RETIREMENT PLANS
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	57		$	55		$	41		$	40		$	44			(23	%)		10	%	$	113		$	84			(26	%)
Mutual fund and other fees		40			39			34			32			35			(13	%)		9	%		52			67			29	%
Total fee income		97			94			75			72			79			(19	%)		10	%		165			151			(8	%)
Direct premiums		1			1			1			1			1			—			—			2			2			—
Total premiums and other considerations		98			95			76			73			80			(18	%)		10	%		167			153			(8	%)
Net investment income
Net investment income on G/A assets		88			83			72			76			78			(11	%)		3	%		173			154			(11	%)
Net investment income on assigned capital		4			4			3			1			2			(50	%)		100	%		8			3			(63	%)
Charge for invested capital		(1	)		—			—			—			—			100	%		—			(1	)		—			100	%
Total net investment income		91			87			75			77			80			(12	%)		4	%		180			157			(13	%)
Net realized losses — core		(1	)		—			(2	)		(2	)		(2	)		(100	%)		—			(2	)		(4	)		(100	%)
Total core revenues		188			182			149			148			158			(16	%)		7	%		345			306			(11	%)
Net realized losses, before tax and DAC, excluded from core revenues		(18	)		(181	)		(34	)		(57	)		(78	)		NM			(37	%)		(53	)		(135	)		(155	%)
Total revenues		170			1			115			91			80			(53	%)		(12	%)		292			171			(41	%)
Benefits and Expenses
Benefits and losses
Death benefits [1]		—			1			—			4			(2	)		—			NM			—			2			—
Other contract benefits		12			11			11			11			11			(8	%)		—			23			22			(4	%)
Change in reserve		(5	)		(6	)		(5	)		(5	)		(5	)		—			—			(10	)		(10	)		—
Sales inducements [1]		—			2			(1	)		1			1			—			—			—			2			—
Interest credited on G/A assets		59			62			66			63			63			7	%		—			118			126			7	%
Total benefits and losses		66			70			71			74			68			3	%		(8	%)		131			142			8	%
Other insurance expenses
Commissions & wholesaling expenses		36			34			31			34			33			(8	%)		(3	%)		66			67			2	%
Operating expenses		88			89			82			70			71			(19	%)		1	%		156			141			(10	%)
Premium taxes and other expenses		6			7			5			6			6			—			—			7			12			71	%
Subtotal — expenses before deferral		130			130			118			110			110			(15	%)		—			229			220			(4	%)
Deferred policy acquisition costs		(38	)		(35	)		(31	)		(31	)		(29	)		24	%		6	%		(76	)		(60	)		21	%
Total other insurance expense		92			95			87			79			81			(12	%)		3	%		153			160			5	%
Amortization of deferred policy acquisition costs [1]		7			83			1			84			6			(14	%)		(93	%)		16			90			NM
Total benefits and expenses		165			248			159			237			155			(6	%)		(35	%)		300			392			31	%
Core earnings (loss) before income taxes		23			(66	)		(10	)		(89	)		3			(87	%)	NM				45			(86	)		NM
Income tax (benefit) [2]		(10	)		(30	)		(7	)		(35	)		(3	)		70	%		91	%		(5	)		(38	)	NM
Core earnings (loss) [1]		33			(36	)		(3	)		(54	)		6			(82	%)	NM				50			(48	)	NM
Net realized losses, net of tax and DAC, excluded from core earnings [1]		(2	)		(124	)		(20	)		(34	)		(46	)	NM				(35	%)		(24	)		(80	)	NM
Net income (loss) [1]	$	31		$	(160	)	$	(23	)	$	(88	)	$	(40	)	NM				55	%	$	26		$	(128	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		28.3			(31.9	)		(3.0	)		(59.2	)		6.4			(77	%)	NM				26.5			(25.3	)	NM
Net income (loss)		26.6			(141.9	)		(22.9	)		(96.4	)		(42.8	)	NM				56	%		13.8			(67.5	)	NM

[1] The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $48 and $49, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $54 and $57, respectively. The DAC unlock recorded in the three months ended June 30, 2009 increased net income by $1.

The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009			June 30, 2009
Death Benefits	$	1		$	3		$	(1	)
Sales Inducements		1			2			—
Amortization of deferred policy acquisition costs		75			78			1
Income tax expense (benefit)		(29	)		(29	)		—
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		(1	)		(3	)		1

[2] The three months ended June 30, 2008 includes a tax benefit related to DRD of $15.

L -20

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2008		2008		2008		2009		2009		Change			Change			2008		2009		Change
401(k)
Annuity — plan/participant rollovers	$	506	$	487	$	418	$	530	$	316		(38	%)		(40	%)	$	1,245	$	846		(32	%)
Annuity — ongoing contributions		569		579		555		623		531		(7	%)		(15	%)		1,212		1,154		(5	%)
Total 401(k) Annuity		1,075		1,066		973		1,153		847		(21	%)		(27	%)		2,457		2,000		(19	%)
Mutual funds		836		862		687		684		572		(32	%)		(16	%)		1,277		1,256		(2	%)
Total 401(k)		1,911		1,928		1,660		1,837		1,419		(26	%)		(23	%)		3,734		3,256		(13	%)
403(b)/457
Annuity — plan/participant rollovers		57		79		38		57		60		5	%		5	%		200		117		(42	%)
Annuity — ongoing contributions		339		314		285		300		267		(21	%)		(11	%)		596		567		(5	%)
Total 403(b)/457 Annuity		396		393		323		357		327		(17	%)		(8	%)		796		684		(14	%)
Mutual funds		43		13		13		35		23		(47	%)		(34	%)		69		58		(16	%)
Total 403(b)/457		439		406		336		392		350		(20	%)		(11	%)		865		742		(14	%)
Total Retirement
401(k) Annuity		1,075		1,066		973		1,153		847		(21	%)		(27	%)		2,457		2,000		(19	%)
403(b)/457 Annuity		396		393		323		357		327		(17	%)		(8	%)		796		684		(14	%)
Total Retirememt Plans Annuity deposits		1,471		1,459		1,296		1,510		1,174		(20	%)		(22	%)		3,253		2,684		(17	%)
Mutual funds		879		875		700		719		595		(32	%)		(17	%)		1,346		1,314		(2	%)
Total Retirement Plans Deposits		2,350		2,334		1,996		2,229		1,769		(25	%)		(21	%)		4,599		3,998		(13	%)

L-21

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2008		2008		2008		2009		2009		Change			Change
401(k)
General account	$	1,365	$	1,446	$	1,499	$	1,538	$	1,530		12	%		(1	%)
Non-guaranteed separate account		13,467		12,290		10,457		10,310		12,005		(11	%)		16	%
Total 401(k) — Annuity account value	$	14,832	$	13,736	$	11,956	$	11,848	$	13,535		(9	%)		14	%
Mutual fund assets [1]		19,748		18,022		14,739		14,017		15,177		(23	%)		8	%
Total 401(k) Assets Under Management	$	34,580	$	31,758	$	26,695	$	25,865	$	28,712		(17	%)		11	%
403(b)/457
General account	$	5,022	$	5,238	$	5,292	$	5,456	$	4,855		(3	%)		(11	%)
Non-guaranteed separate account		7,175		6,194		4,950		4,548		5,100		(29	%)		12	%
Total 403(b)/457 — Annuity account value	$	12,197	$	11,432	$	10,242	$	10,004	$	9,955		(18	%)		—
Mutual fund assets		106		104		99		127		165		56	%		30	%
Total 403(b)/457 Assets Under Management	$	12,303	$	11,536	$	10,341	$	10,131	$	10,120		(18	%)		—
TOTAL RETIREMENT
General account	$	6,387	$	6,684	$	6,791	$	6,994	$	6,385		—			(9	%)
Non-guaranteed separate account		20,642		18,484		15,407		14,858		17,105		(17	%)		15	%
Total Retirement Plans account value	$	27,029	$	25,168	$	22,198	$	21,852	$	23,490		(13	%)		7	%
Mutual fund assets		19,854		18,126		14,838		14,144		15,342		(23	%)		8	%
Total Retirement Plans Assets Under Management	$	46,883	$	43,294	$	37,036	$	35,996	$	38,832		(17	%)		8	%
RECORDKEEPING ONLY BUSINESS
Assets Under Administration [1]	$	6,282	$	5,853	$	5,122	$	5,024	$	5,372		(14	%)		7	%
Number of Participants [2]		155,618		155,373		155,914		165,038		162,610		4	%		(1	%)

[1]	Assets under administration are not included when calculating return on assets measures for the Retirement Plans segment and are not included in Retirement Plans Assets Under Management.
[2]	Earnings for assets under administration are predominantly driven by participant count. The participant count represents the actual number of participants.

L-22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1] [2]

	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
401(k) GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	14,413		$	14,832		$	13,736		$	11,956		$	11,848
Deposits		1,075			1,066			973			1,153			847
Surrenders		(591	)		(610	)		(625	)		(635	)		(587	)
Death benefits/annuity payouts		(11	)		(10	)		(9	)		(8	)		(3	)
Net Flows		473			446			339			510			257
Change in market value/change in reserve/interest credited		(54	)		(1,542	)		(2,119	)		(618	)		1,430
Endig balance	$	14,832		$	13,736		$	11,956		$	11,848		$	13,535
403(b)/457 GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	11,926		$	12,197		$	11,432		$	10,242		$	10,004
Deposits		396			393			323			357			327
Surrenders		(245	)		(240	)		(330	)		(225	)		(1,158	)
Death benefits/annuity payouts		(13	)		(12	)		(12	)		(11	)		(11	)
Net Flows		138			141			(19	)		121			(842	)
Change in market value/change in reserve/interest credited		133			(906	)		(1,171	)		(359	)		793
Ending balance	$	12,197		$	11,432		$	10,242		$	10,004		$	9,955
MUTUAL FUND ASSETS [2] [3]
Beginning balance	$	20,071		$	19,854		$	18,126		$	14,838		$	14,144
Deposits		879			875			700			719			595
Surrenders		(1,109	)		(836	)		(1,077	)		(662	)		(1,292	)
Net Flows		(230	)		39			(377	)		57			(697	)
Acquisitions		—			—			—			—			—
Change in market value/change in reserve/interest credited		13			(1,767	)		(2,911	)		(751	)		1,895
Ending balance	$	19,854		$	18,126		$	14,838		$	14,144		$	15,342
TOTAL RETIREMENT
Beginning balance	$	46,410		$	46,883		$	43,294		$	37,036		$	35,996
Deposits		2,350			2,334			1,996			2,229			1,769
Surrenders		(1,945	)		(1,686	)		(2,032	)		(1,522	)		(3,037	)
Death benefits/annuity payouts		(24	)		(22	)		(21	)		(19	)		(14	)
Net Flows		381			626			(57	)		688			(1,282	)
Acquisitions		—			—			—			—			—
Change in market value/change in reserve/interest credited		92			(4,215	)		(6,201	)		(1,728	)		4,118
Ending balance	$	46,883		$	43,294		$	37,036		$	35,996		$	38,832

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Excludes Assets Under Administration.
[3]	Mutual Fund assets are an internal measure of assets under management used by the Company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.

L-23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,			Dec. 31,			March 31,			June 30,			3 Months			3 Months			JUNE 30,
	2008		2008			2008			2009			2009			Change			Change			2008			2009			Change
CORE EARNINGS
Japan operations	$	64	$	(59	)	$	(111	)	$	(430	)	$	213		NM			NM			$	134		$	(217	)	NM
Other international operations		—		(16	)		1			(25	)		(71	)		—			(184	%)		(3	)		(96	)	NM
Core earnings (loss)	$	64	$	(75	)	$	(110	)	$	(455	)	$	142			122	%		NM		$	131		$	(313	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		8		(32	)		(188	)		162			(23	)	NM			NM				(51	)		139		NM
Net income (loss)	$	72	$	(107	)	$	(298	)	$	(293	)	$	119			65	%		NM		$	80		$	(174	)	NM
JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	863	$	868		$	291		$	202		$	100			(88	%)		(50	%)	$	1,807		$	302			(83	%)
Fixed MVA and other		149		231			43			21			2			(99	%)		(90	%)		321			23			(93	%)
Total deposits by product	$	1,012	$	1,099		$	334		$	223		$	102			(90	%)		(54	%)	$	2,128		$	325			(85	%)
JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	90,334	¥	93,342		¥	28,200		¥	18,924		¥	9,808			(89	%)		(48	%)	¥	189,474		¥	28,732			(85	%)
Fixed MVA and other		15,609		24,985			4,016			1,973			202			(99	%)		(90	%)		33,167			2,175			(93	%)
Total deposits by product	¥	105,943	¥	118,327		¥	32,216		¥	20,897		¥	10,010			(91	%)		(52	%)	¥	222,641		¥	30,907			(86	%)
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	469	$	383		$	(3,087	)	$	(80	)	$	(161	)	NM				(101	%)	$	989		$	(241	)	NM
Fixed MVA and other		128		196			1,962			(49	)		(67	)	NM				(37	%)		271			(116	)	NM
Total net flows by product	$	597	$	579		$	(1,125	)	$	(129	)	$	(228	)		NM			(77	%)	$	1,260		$	(357	)	NM
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	49,111	¥	41,213		¥	(309,214	)	¥	(7,485	)	¥	(15,543	)	NM				(108	%)	¥	103,558		¥	(23,028	)	NM
Fixed MVA and other		13,396		21,193			177,526			(4,631	)		(6,467	)	NM				(40	%)		27,976			(11,098	)	NM
Total net flows by product	¥	62,507	¥	62,406		¥	(131,688	)	¥	(12,116	)	¥	(22,010	)		NM			(82	%)	¥	131,534		¥	(34,126	)	NM
JAPAN AUM — Dollars
Individual Annuity
Variable	$	35,910	$	32,706		$	29,726		$	26,567		$	29,272			(18	%)		10	%
Fixed MVA and other [1]		2,212		2,416			4,769			4,379			4,437			101	%		1	%
Total AUM by product	$	38,122	$	35,122		$	34,495		$	30,946		$	33,709			(12	%)		9	%
JAPAN AUM — Yen
Individual Annuity
Variable	¥	3,806,639	¥	3,472,208		¥	2,694,696		¥	2,624,041		¥	2,824,321			(26	%)		8	%
Fixed MVA and other [1]		234,442		256,542			432,267			432,525			428,035			83	%		(1	%)
Total AUM by product	¥	4,041,081	¥	3,728,750		¥	3,126,963		¥	3,056,566		¥	3,252,356			(20	%)		6	%

[1] Of the total ending fixed MVA and other balance as of June 30, 2009 of $4.4 billion and ¥428.0 billion, approximately $1.9 billion and ¥180.4 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L-24

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	214		$	205		$	170		$	159		$	165			(23	%)		4	%	$	423		$	324			(23	%)
Other fees		16			10			25			12			12			(25	%)		—			34			24			(29	%)
Total fee income		230			215			195			171			177			(23	%)		4	%		457			348			(24	%)
Reinsurance premiums		(3	)		(2	)		(2	)		(2	)		(1	)		67	%		50	%		(5	)		(3	)		40	%
Total premiums and other considerations		227			213			193			169			176			(22	%)		4	%		452			345			(24	%)
Net investment income
Net investment income on G/A assets		24			27			30			29			39			63	%		34	%		49			68			39	%
Net investment income on assigned capital		1			2			21			12			8		NM				(33	%)		2			20		NM
Total net investment income		25			29			51			41			47			88	%		15	%		51			88			73	%
Net realized capital gains (losses) — core		(11	)		(8	)		(2	)		(5	)		2		NM			NM				(18	)		(3	)		83	%
Total core revenues		241			234			242			205			225			(7	%)		10	%		485			430			(11	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		3			(43	)		(218	)		260			(55	)	NM			NM				(105	)		205		NM
Total revenues		244			191			24			465			170			(30	%)		(63	%)		380			635			67	%
Benefits and Expenses
Benefits and losses
Death and other benefits [1]		6			146			70			554			(133	)	NM			NM				14			421		NM
Change in reserve		—			—			—			58			—			—			(100	%)		—			58			—
Sales inducements		—			1			—			(1	)		1			—		NM				—			—			—
Interest credited on G/A assets		8			9			11			12			11			38	%		(8	%)		16			23			44	%
Total benefits and losses		14			156			81			623			(121	)		NM			NM			30			502			NM
Other insurance expenses
Commissions & wholesaling expenses		70			73			32			27			20			(71	%)		(26	%)		143			47			(67	%)
Operating expenses		46			43			49			39			37			(20	%)		(5	%)		86			76			(12	%)
Premium taxes and other expenses		5			11			7			5			4			(20	%)		(20	%)		14			9			(36	%)
Subtotal — expenses before deferral		121			127			88			71			61			(50	%)		(14	%)		243			132			(46	%)
Deferred policy acquisition costs		(63	)		(67	)		(22	)		(14	)		(7	)		89	%		50	%		(132	)		(21	)		84	%
Total other insurance expense		58			60			66			57			54			(7	%)		(5	%)		111			111			—
Amortization of deferred policy acquisition costs [1]		70			109			265			187			(36	)	NM			NM				138			151			9	%
Total benefits and expenses		142			325			412			867			(103	)		NM			NM			279			764			174	%
Core earnings (loss) before income taxes		99			(91	)		(170	)		(662	)		328			NM			NM			206			(334	)		NM
Income tax expense (benefit) [1]		35			(32	)		(59	)		(232	)		115		NM			NM				72			(117	)	NM
Core earnings (loss) [1] [2]		64			(59	)		(111	)		(430	)		213			NM			NM			134			(217	)		NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		5			(22	)		(154	)		167			(41	)	NM			NM				(51	)		126		NM
Net Income (loss) [1]	$	69		$	(81	)	$	(265	)	$	(263	)	$	172			149	%		NM		$	83		$	(91	)		NM
RETURN ON ASSETS (After-tax bps)
Core earnings [3]		66.4			(64.4	)		(127.6	)		(525.7	)		263.6		NM			NM				70.8			(127.3	)	NM
Net income [3]		71.6			(88.5	)		(304.5	)		(321.5	)		212.8			197	%	NM				43.8			(53.4	)	NM

[1] The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $123 and $115, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $420 and $417, respectively. The DAC unlock recorded in the three months ended June 30, 2009 increased core earnings and net income by $173 and $176 , respectively. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009			June 30, 2009
Other Fees	$	(7	)	$	—		$	—
Death and other benefits		139			509			(179	)
Sales Inducements		1			1			(0	)
Amortization of deferred policy acquisition costs		42			135			(86	)
Income tax expense (benefit)		(66	)		(224	)		92
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		8			2			3

[2] Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 for the effect of the triggering of the guaranteed minimum income benefit for the 3 Win product on amortization of deferred policy acquisition costs and policyholder benefits and additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.

L-25

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
VARIABLE ANNUITIES
Beginning balance	$	36,777		$	35,910		$	32,706		$	29,726		$	26,567
Deposits/Premiums/other		863			868			291			202			100
Surrenders		(272	)		(370	)		(297	)		(127	)		(164	)
Death benefits/annuitizations/other [1]		(122	)		(115	)		(910	)		(136	)		(97	)
Transfers — 3 Win [1]		—			—			(2,171	)		(19	)		—
Net Flows		469			383			(3,087	)		(80	)		(161	)
Change in market value/currency/change in reserve/interest credited		976			(3,508	)		(4,662	)		(774	)		2,209
Effect of currency translation		(2,312	)		(79	)		4,769			(2,305	)		657
Ending balance	$	35,910		$	32,706		$	29,726		$	26,567		$	29,272
FIXED MVA AND OTHER [2]
Beginning balance	$	2,198		$	2,212		$	2,416		$	4,769		$	4,379
Deposits/Premiums/other		149			231			43			21			2
Surrenders		(7	)		(17	)		(62	)		(38	)		(42	)
Death benefits/annuitizations/other [1]		(14	)		(18	)		(190	)		(51	)		(27	)
Transfers — 3 Win [1]		—			—			2,171			19			—
Net Flows		128			196			1,962			(49	)		(67	)
Change in market value/currency/change in reserve/interest credited		21			9			(18	)		52			21
Effect of currency translation		(135	)		(1	)		409			(393	)		104
Ending balance	$	2,212		$	2,416		$	4,769		$	4,379		$	4,437
TOTAL JAPAN
Beginning balance	$	38,975		$	38,122		$	35,122		$	34,495		$	30,946
Deposits/Premiums/other		1,012			1,099			334			223			102
Surrenders		(279	)		(387	)		(359	)		(165	)		(206	)
Death benefits/annuitizations/other [1]		(136	)		(133	)		(1,100	)		(187	)		(124	)
Net Flows		597			579			(1,125	)		(129	)		(228	)
Change in market value/change in reserve/interest credited		997			(3,499	)		(4,680	)		(722	)		2,230
Effect of currency translation		(2,447	)		(80	)		5,178			(2,698	)		761
Ending balance	$	38,122		$	35,122		$	34,495		$	30,946		$	33,709

[1]

The three months ended June 30, 2009 includes the effect of the triggering of a portion of the remaining guaranteed minimum income benefit (“GMIB”) for the 3 Win product. This GMIB requires the policyholder to elect one of two options; either (1) receive 80% of their initial deposit without surrender penalty or (2) receive 100% of the initial deposit via a 15 year pay out annuity. Additionally the current period payments were $(20) and interest credited of $16 associated with option (2) are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited.

[2]

Of the total ending fixed MVA and other balance as of June 30, 2009 of $4.4 billion, approximately $1.9 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L-26

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
VARIABLE ANNUITIES
Beginning balance	¥	3,660,549		¥	3,806,639		¥	3,472,208		¥	2,694,696		¥	2,624,041
Deposits/Premiums/other		90,334			93,342			28,200			18,924			9,808
Surrenders		(28,471	)		(39,753	)		(28,757	)		(11,891	)		(15,849	)
Death benefits/annuitizations/other [1]		(12,752	)		(12,376	)		(111,840	)		(12,708	)		(9,502	)
Transfers — 3 Win [1]		—			—			(196,817	)		(1,810	)		—
Net Flows		49,111			41,213			(309,214	)		(7,485	)		(15,543	)
Change in market value/change in reserve/interest credited		96,979			(375,644	)		(468,298	)		(63,170	)		215,823
Ending balance		3,806,639			3,472,208			2,694,696			2,624,041			2,824,321
FIXED MVA AND OTHER [2]
Beginning balance		218,854			234,442			256,542			432,267			432,525
Deposits/Premiums/other		15,609			24,985			4,016			1,973			202
Surrenders		(744	)		(1,845	)		(5,921	)		(3,626	)		(4,063	)
Death benefits/annuitizations/other [1]		(1,469	)		(1,947	)		(17,386	)		(4,788	)		(2,606	)
Transfers — 3 Win [1]		—			—			196,817			1,810			—
Net Flows		13,396			21,193			177,526			(4,631	)		(6,467	)
Change in market value/change in reserve/interest credited		884			1,011			725			2,648			2,646
Effect of currency translation on USD Fixed Annuity products		1,308			(104	)		(2,526	)		2,241			(669	)
Ending balance		234,442			256,542			432,267			432,525			428,035
TOTAL JAPAN
Beginning balance		3,879,403			4,041,081			3,728,750			3,126,963			3,056,566
Deposits/Premiums/other		105,943			118,327			32,216			20,897			10,010
Surrenders		(29,215	)		(41,598	)		(34,678	)		(15,517	)		(19,912	)
Death benefits/annuitizations/other [1]		(14,221	)		(14,323	)		(129,226	)		(17,496	)		(12,108	)
Net Flows		62,507			62,406			(131,688	)		(12,116	)		(22,010	)
Change in market value/change in reserve/interest credited		97,863			(374,633	)		(467,573	)		(60,522	)		218,469
Effect of currency translation on USD Fixed Annuity products		1,308			(104	)		(2,526	)		2,241			(669	)
Ending balance	¥	4,041,081		¥	3,728,750		¥	3,126,963		¥	3,056,566		¥	3,252,356

[1]

The three months ended June 30, 2009 includes the effect of the triggering of a portion of the remaining guaranteed minium income benefit (“GMIB”) for the 3 Win product. The GMIB requires the policyholder to elect one of the two options; either (1) receive 80% of their initial deposit without surrender penalty or (2) receive 100% of the initial deposit via a 15 year pay out annuity. Additionally, the current period payments were ¥(1.9) billion and interest credited of ¥1.6 billion associated with option (2) are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited.

[2]

Of the total ending fixed MVA and other balance as of June 30, 2009 of ¥428.0 billion, approximately ¥180.4 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L-27

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	20		$	18		$	13		$	15		$	16			(20	%)		7	%	$	39		$	31			(21	%)
Cost of insurance charges		16			13			16			20			19			19	%		(5	%)		33			39			18	%
Mutual fund and other fees		2			9			4			5			3			50	%		(40	%)		7			8			14	%
Total fee income		38			40			33			40			38			—			(5	%)		79			78			(1	%)
Direct premiums		242			241			218			208			74			(69	%)		(64	%)		430			282			(34	%)
Total premiums and other considerations		280			281			251			248			112			(60	%)		(55	%)		509			360			(29	%)
Net investment income
Net investment income on G/A assets		269			231			180			187			212			(21	%)		13	%		553			399			(28	%)
Net investment income on assigned capital		9			8			9			5			6			(33	%)		20	%		18			11			(39	%)
Charge for invested capital		1			1			2			2			2			100	%		—			2			4			100	%
Total net investment income		279			240			191			194			220			(21	%)		13	%		573			414			(28	%)
Net realized capital gains (losses) — core		—			1			(1	)		(2	)		(2	)		—			—			—			(4	)		—
Total core revenues		559			522			441			440			330			(41	%)		(25	%)		1,082			770			(29	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		(87	)		(606	)		123			(237	)		(93	)		(7	%)		61	%		(306	)		(330	)		(8	%)
Total revenues		472			(84	)		564			203			237			(50	%)		17	%		776			440			(43	%)
Benefits and Expenses
Benefits and losses
Death benefits		13			12			15			20			19			46	%		(5	%)		30			39			30	%
Other contract benefits		120			120			130			126			133			11	%		6	%		233			259			11	%
Change in reserve		220			221			198			189			61			(72	%)		(68	%)		397			250			(37	%)
Interest credited on G/A assets		135			132			133			112			110			(19	%)		(2	%)		286			222			(22	%)
Total benefits and losses		488			485			476			447			323			(34	%)		(28	%)		946			770			(19	%)
Other insurance expenses
Commissions & wholesaling expenses		15			19			11			13			1			(93	%)		(92	%)		29			14			(52	%)
Operating expenses		25			22			18			16			16			(36	%)		—			45			32			(29	%)
Premium taxes and other expenses		(1	)		2			3			2			1		NM				(50	%)		2			3			50	%
Subtotal — expenses before deferral		39			43			32			31			18			(54	%)		(42	%)		76			49			(36	%)
Deferred policy acquisition costs		(9	)		(8	)		(5	)		(4	)		(1	)		89	%		75	%		(18	)		(5	)		72	%
Total other insurance expense		30			35			27			27			17			(43	%)		(37	%)		58			44			(24	%)
Amortization of deferred policy acquisition costs		5			5			3			5			2			(60	%)		(60	%)		11			7			(36	%)
Total benefits and expenses		523			525			506			479			342			(35	%)		(29	%)		1,015			821			(19	%)
Core earnings (loss) before income taxes		36			(3	)		(65	)		(39	)		(12	)	NM				69	%		67			(51	)	NM
Income tax expense (benefit)		9			(4	)		(25	)		(19	)		(7	)	NM				63	%		18			(26	)	NM
Core earnings (loss)		27			1			(40	)		(20	)		(5	)	NM				75	%		49			(25	)	NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(57	)		(394	)		81			(154	)		(61	)		(7	%)		60	%		(199	)		(215	)		(8	%)
Net income (loss)	$	(30	)	$	(393	)	$	41		$	(174	)	$	(66	)		(120	%)		62	%	$	(150	)	$	(240	)		(60	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		17.4			0.7			(26.7	)		(13.5	)		(3.3	)	NM				76	%		15.8			(8.4	)	NM
Net income (loss)		(19.4	)		(255.6	)		27.4			(117.3	)		(44.1	)		(127	%)		62	%		(48.5	)		(80.5	)		(66	%)

L-28

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2008		2008		2008		2009		2009		Change			Change			2008		2009		Change
Institutional
Structured settlements		200	$	231	$	170	$	243	$	101		(50	%)		(58	%)		411	$	344		(16	%)
Institutional annuities		38		25		10		5		1		(97	%)		(80	%)		61		6		(90	%)
Guaranteed interest products		552		168		254		3		7		(99	%)		133	%		1,273		10		(99	%)
Other		119		111		127		58		41		(66	%)		(29	%)		172		99		(42	%)
Subtotal		909		535		561		309		150		(83	%)		(51	%)		1,917		459		(76	%)
Mutual funds		383		282		309		342		702		83	%		105	%		966		1,044		8	%
Total Institutional		1,292		817		870		651		852		(34	%)		31	%		2,883		1,503		(48	%)
Private Placement Life Insurance
Corporate owned		64		17		45		7		55		(14	%)	NM				121		62		(49	%)
Private clients		22		16		13		22		70	NM			NM				35		92		163	%
Total Private Placement Life Insurance		86		33		58		29		125		45	%	NM				156		154		(1	%)
Total Institutional Solutions Group	$	1,378	$	850	$	928	$	680	$	977		(29	%)		44	%	$	3,039	$	1,657		(45	%)

L-29

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2008		2008		2008		2009		2009		Change			Change
INSTITUTIONAL
General account [1]	$	20,593	$	19,923	$	19,771	$	21,007	$	20,129		(2	%)		(4	%)
Guaranteed separate account		402		384		393		371		386		(4	%)		4	%
Non-guaranteed separate account		4,551		4,189		3,917		3,576		3,413		(25	%)		(5	%)
Total Institutional account value		25,546		24,496		24,081		24,954	$	23,928		(6	%)		(4	%)
Mutual fund assets		3,844		3,325		2,578		2,416		3,654		(5	%)		51	%
Total Institutional Assets Under Management	$	29,390	$	27,821	$	26,659	$	27,370	$	27,582		(6	%)		1	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	5	$	6	$	46	$	45	$	44	NM				(2	%)
Non-guaranteed separate account		32,939		32,860		32,413		32,109		32,550		(1	%)		1	%
Total Private Placement Life Insurance account value		32,944		32,866		32,459		32,154		32,594		(1	%)		1	%
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account [1]	$	20,598	$	19,929	$	19,817	$	21,052	$	20,173		(2	%)		(4	%)
Guaranteed separate account		402		384		393		371		386		(4	%)		4	%
Non-guaranteed separate account		37,490		37,049		36,330		35,685		35,963		(4	%)		1	%
Total Institutional Solutions Group account value		58,490		57,362		56,540		57,108		56,522		(3	%)		(1	%)
Mutual fund assets		3,844		3,325		2,578		2,416		3,654		(5	%)		51	%
Total Institutional Solutions Group Assets Under Management	$	62,334	$	60,687	$	59,118	$	59,524	$	60,176		(3	%)		1	%
BY PRODUCT
Institutional
Structured settlements	$	6,729	$	6,962	$	7,137	$	7,373	$	7,472		11	%		1	%
Institutional annuities		3,118		3,089		3,067		3,030		3,037		(3	%)		—
Guaranteed interest products [1]		10,741		9,760		9,353		10,338		9,376		(13	%)		(9	%)
Other		4,958		4,685		4,524		4,213		4,043		(18	%)		(4	%)
Total Institutional		25,546		24,496		24,081		24,954		23,928		(6	%)		(4	%)
Private Placement Life Insurance		32,944		32,866		32,459		32,154		32,594		(1	%)		1	%
Total Institutional Solutions Group account value		58,490		57,362		56,540		57,108		56,522		(3	%)		(1	%)
Institutional Mutual Fund Assets		3,844		3,325		2,578		2,416		3,654		(5	%)		51	%
Total Institutional Solutions Group Assets Under Management	$	62,334	$	60,687	$	59,118	$	59,524	$	60,176		(3	%)		1	%

[1] The March 31, 2009 balance includes approximately $1.5 billion related to an intrasegment funding agreement which is eliminated in consolidation.

L-30

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	25,284		$	25,546		$	24,496		$	24,081		$	24,954
Deposits		909			535			561			309			150
Surrenders		(626	)		(1,294	)		(810	)		(631	)		(1,113	)
Death benefits/annuity payouts		(171	)		(201	)		(193	)		(192	)		(182	)
Transfers [5]		—			—			—			—			(318	)
Other Flows [4]		—			—			—			1,469			—
Net Flows		112			(960	)		(442	)		955			(1,463	)
Change in market value/change in reserve/interest credited		150			(90	)		27			(82	)		437
Ending balance	$	25,546		$	24,496		$	24,081		$	24,954		$	23,928
INSTITUTIONAL MUTUAL FUND ASSETS [2]
Beginning balance	$	3,489		$	3,844		$	3,325		$	2,578		$	2,416
Deposits		383			282			309			342			702
Surrenders		(201	)		(228	)		(243	)		(237	)		(272	)
Transfers [5]		—			—			—			—			318
Net Flows		182			54			66			105			748
Change in market value/change in reserve/interest credited		173			(573	)		(813	)		(267	)		490
Ending balance	$	3,844		$	3,325		$	2,578		$	2,416		$	3,654
PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]
Beginning balance	$	32,784		$	32,944		$	32,866		$	32,459		$	32,154
Deposits		86			33			58			29			125
Surrenders		(20	)		(27	)		(2	)		(283	)		(2	)
Death benefits/annuity payouts		(47	)		(16	)		(17	)		(46	)		(36	)
Net Flows		19			(10	)		39			(300	)		87
Change in market value/change in reserve/interest credited		197			(42	)		(419	)		52			408
Other [3]		(56	)		(26	)		(27	)		(57	)		(55	)
Ending balance	$	32,944		$	32,866		$	32,459		$	32,154		$	32,594
INSTITUTIONAL SOLUTIONS GROUP
Beginning balance	$	61,557		$	62,334		$	60,687		$	59,118		$	59,524
Deposits		1,378			850			928			680			977
Surrenders		(847	)		(1,549	)		(1,055	)		(1,151	)		(1,387	)
Death benefits/annuity payouts		(218	)		(217	)		(210	)		(238	)		(218	)
Other Flows [4]		—			—			—			1,469			—
Net Flows		313			(916	)		(337	)		760			(628	)
Change in market value/change in reserve/interest credited		520			(705	)		(1,205	)		(297	)		1,335
Other [3]		(56	)		(26	)		(27	)		(57	)		(55	)
Ending balance	$	62,334		$	60,687		$	59,118		$	59,524		$	60,176

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Mutual Fund assets are an internal measure used by the company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.
[3]	Primarily consists of cost of insurance and M&E charges.
[4]	This flow is related to an intrasegment funding agreement which is eliminated in consolidation.
[5]	In the three months ended June 30, 2009 there was a transfer of funds related to one case from Institutional Investment Products to Institutional Mutual Funds.

L-31

PROPERTY & CASUALTY

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,585		$	2,593		$	2,467		$	2,459		$	2,463			(5	%)		—		$	5,171		$	4,922			(5	%)
Earned premiums		2,586			2,568			2,570			2,511			2,478			(4	%)		(1	%)		5,200			4,989			(4	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		18			(45	)		202			75			(10	)	NM			NM				123			65			(47	%)
Small Commercial		69			82			167			87			74			7	%		(15	%)		188			161			(14	%)
Middle Market		3			(37	)		148			69			56		NM				(19	%)		58			125			116	%
Specialty Commercial		18			(44	)		58			23			36			100	%		57	%		57			59			4	%
Ongoing Operations underwriting results		108			(44	)		575			254			156			44	%		(39	%)		426			410			(4	%)
Other Operations [1]		(58	)		(61	)		(7	)		(5	)		(124	)		(114	%)	NM				(77	)		(129	)		(68	%)
Total Property & Casualty underwriting results	$	50		$	(105	)	$	568		$	249		$	32			(36	%)		(87	%)	$	349		$	281			(19	%)
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		63.4			63.8			58.0			63.0			61.9			1.5			1.1			62.8			62.5			0.3
Current accident year catastrophes [3]		6.6			12.7			(0.1	)		2.6			5.8			0.8			(3.2	)		4.2			4.2			—
Prior accident years [4]		(1.5	)		(2.8	)		(7.6	)		(2.7	)		(2.4	)		0.9			(0.3	)		(1.7	)		(2.6	)		0.9
Total losses and loss adjustment expenses		68.5			73.7			50.3			62.8			65.3			3.2			(2.5	)		65.3			64.0			1.3
Expenses [5]		26.5			27.3			27.1			26.8			28.2			(1.7	)		(1.4	)		26.0			27.5			(1.5	)
Policyholder dividends [6]		0.8			0.7			0.2			0.2			0.2			0.6			—			0.5			0.2			0.3
Combined ratio		95.8			101.7			77.6			89.9			93.7			2.1			(3.8	)		91.8			91.8			—
Catastrophes
Current year		6.6			12.7			(0.1	)		2.6			5.8			0.8			(3.2	)		4.2			4.2			—
Prior year		—			(0.2	)		(0.2	)		0.2			(0.2	)		0.2			0.4			(0.2	)		—			(0.2	)
Catastrophe ratio		6.6			12.5			(0.4	)		2.8			5.6			1.0			(2.8	)		4.0			4.2			(0.2	)
Combined ratio before catastrophes		89.2			89.2			78.0			87.1			88.1			1.1			(1.0	)		87.8			87.6			0.2
Combined ratio before catastrophes and prior year development		90.7			91.8			85.3			90.0			90.4			0.3			(0.4	)		89.3			90.2			(0.9	)
Total Property & Casualty Income and ROE
Net income (loss)	$	249		$	(774	)	$	291		$	112		$	173			(31	%)		54	%	$	575		$	285			(50	%)
Core earnings	$	283		$	156		$	452		$	321		$	212			(25	%)		(34	%)	$	709		$	533			(25	%)
Core earnings ROE (rolling 12 months income)
Ongoing Operations		20.0	%		18.1	%		17.1	%		16.0	%		14.9	%		(5.1	)		(1.1	)
Other Operations		10.7	%		7.9	%		5.7	%		6.1	%		(4.3	%)		(15.0	)		(10.4	)
Total Property & Casualty		19.2	%		17.2	%		16.2	%		15.2	%		13.8	%		(5.4	)		(1.4	)

	PROPERTY & CASUALTY
	Dec. 31,		Jun. 30,
	2008		2009		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	6.0	$	6.4	$	0.4
Total Property and Casualty premium to adjusted surplus ratio		1.7		1.6		(0.1	)

[1]	The three months ended June 30, 2008 included net asbestos reserve strengthening of $50. The three months ended September 30, 2008 included environmental reserve strengthening of $53. The three months ended June 30, 2009 included net asbestos reserve strengthening of $138.
[2]	The three months ended June 30, 2008 included current accident year reserve strengthening, totaling 0.3 points, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release, totaling 0.4 points, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release, totaling 3.7 points, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[3]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[5]	The three months ended September 30, 2008 included an assessment from the Texas Windstorm Insurance Association (TWIA) totaling 0.8 points, primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment totaling 0.6 points. The three months ended June 30, 2009 included an increase in taxes, licenses and fees due to an increase in the assessment for a second injury fund and reserve strengthening for other state funds and taxes totaling 0.9 points.
[6]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of 0.6 points and 0.4 points, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.

PC-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,585		$	2,593		$	2,467		$	2,459		$	2,463			(5	%)		—		$	5,171		$	4,922			(5	%)
Change in unearned premium reserve		(1	)		25			(103	)		(52	)		(15	)	NM				71	%		(29	)		(67	)		(131	%)
Earned premiums		2,586			2,568			2,570			2,511			2,478			(4	%)		(1	%)		5,200			4,989			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,639			1,638			1,488			1,581			1,534			(6	%)		(3	%)		3,264			3,115			(5	%)
Current accident year catastrophes [2]		171			325			(3	)		65			142			(17	%)		118	%		221			207			(6	%)
Prior accident years [3]		16			(14	)		(192	)		(68	)		62		NM			NM				(20	)		(6	)		70	%
Total losses and loss adjustment expenses		1,826			1,949			1,293			1,578			1,738			(5	%)		10	%		3,465			3,316			(4	%)
Underwriting expenses [4]		690			707			704			679			703			2	%		4	%		1,361			1,382			2	%
Dividends to policyholders [5]		20			17			5			5			5			(75	%)		—			25			10			(60	%)
Underwriting results		50			(105	)		568			249			32			(36	%)		(87	%)		349			281			(19	%)
Net servicing income		8			14			10			8			7			(13	%)		(13	%)		7			15			114	%
Net investment income [6]		391			335			162			225			280			(28	%)		24	%		756			505			(33	%)
Periodic net coupon settlements on credit derivatives, before-tax		1			2			(3	)		(3	)		(4	)	NM				(33	%)		3			(7	)	NM
Other expenses		(65	)		(57	)		(41	)		(49	)		(50	)		23	%		(2	%)		(124	)		(99	)		20	%
Income tax expense		(102	)		(33	)		(244	)		(109	)		(53	)		48	%		51	%		(282	)		(162	)		43	%
																														��
Core earnings		283			156			452			321			212			(25	%)		(34	%)		709			533			(25	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(34	)		(930	)		(161	)		(209	)		(39	)		(15	%)		81	%		(134	)		(248	)		(85	%)
Net income (loss)	$	249		$	(774	)	$	291		$	112		$	173			(31	%)		54	%	$	575		$	285			(50	%)
Total Property & Casualty effective tax rate — net income		25.1	%		37.6	%		35.7	%		(2.1	%)		9.8	%		(15.3	)		11.9			26.7	%		5.5	%		(21.2	)
Total Property & Casualty effective tax rate — core earnings		26.4	%		17.6	%		35.1	%		25.2	%		20.5	%		(5.9	)		(4.7	)		28.4	%		23.4	%		(5.0	)

[1]	The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims. The three months ended June 30, 2009 included $138 of net asbestos reserve strengthening, partially offset by a $40 reduction in the allowance for uncollectible reinsurance, $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	The decrease in net investment income for the three months ended December 31, 2008, March 31, 2009 and June 30, 2009 was primarily driven by losses on limited partnerships and other alternative investments, and lower asset levels on taxable fixed maturities, and for the three months ended March 31, 2009 and June 30, 2009 only, lower yields on taxable fixed maturities.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,583		$	2,592		$	2,465		$	2,458		$	2,462			(5	%)		—		$	5,167		$	4,920			(5	%)
Change in unearned premium reserve		(1	)		25			(102	)		(53	)		(15	)	NM				72	%		(30	)		(68	)		(127	%)
Earned premiums		2,584			2,567			2,567			2,511			2,477			(4	%)		(1	%)		5,197			4,988			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,639			1,638			1,488			1,581			1,534			(6	%)		(3	%)		3,264			3,115			(5	%)
Current accident year catastrophes [2]		171			325			(3	)		65			142			(17	%)		118	%		221			207			(6	%)
Prior accident years [3]		(39	)		(70	)		(195	)		(68	)		(59	)		(51	%)		13	%		(90	)		(127	)		(41	%)
Total losses and loss adjustment expenses		1,771			1,893			1,290			1,578			1,617			(9	%)		2	%		3,395			3,195			(6	%)
Underwriting expenses [4]		685			701			697			674			699			2	%		4	%		1,351			1,373			2	%
Dividends to policyholders [5]		20			17			5			5			5			(75	%)		—			25			10			(60	%)
Underwriting results		108			(44	)		575			254			156			44	%		(39	%)		426			410			(4	%)
Net servicing income		8			14			10			8			7			(13	%)		(13	%)		7			15			114	%
Net investment income [6]		334			285			127			185			239			(28	%)		29	%		644			424			(34	%)
Periodic net coupon settlements on credit derivatives, before-tax		1			2			(3	)		(3	)		(4	)	NM				(33	%)		3			(7	)	NM
Other expenses		(65	)		(58	)		(39	)		(50	)		(48	)		26	%		4	%		(122	)		(98	)		20	%
Income tax expense		(105	)		(39	)		(236	)		(97	)		(87	)		17	%		10	%		(277	)		(184	)		34	%
Core earnings		281			160			434			297			263			(6	%)		(11	%)		681			560			(18	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(35	)		(826	)		(137	)		(186	)		(41	)		(17	%)		78	%		(123	)		(227	)		(85	%)
Net income (loss)	$	246		$	(666	)	$	297		$	111		$	222			(10	%)		100	%	$	558		$	333			(40	%)
Ongoing Operations effective tax rate — net income		26.0	%		37.8	%		35.4	%		(2.5	%)		18.8	%		(7.2	)		21.3			27.4	%		12.8	%		(14.6	)
Ongoing Operations effective tax rate — core earnings		27.3	%		19.8	%		35.3	%		24.8	%		24.7	%		(2.6	)		(0.1	)		28.9	%		24.7	%		(4.2	)

[1]	The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims. The three months ended June 30, 2009 included $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	The decrease in net investment income for the three months ended December 31, 2008, March 31, 2009 and June 30, 2009 was primarily driven by losses on limited partnerships and other alternative investments, and lower asset levels on taxable fixed maturities, and for the three months ended March 31, 2009 and June 30, 2009 only, lower yields on taxable fixed maturities.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED JUNE 30, 2009

	Personal			Small			Middle			Specialty			Ongoing
	Lines			Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,045		$	643		$	482		$	292		$	2,462
Change in unearned premium reserve		60			—			(56	)		(19	)		(15	)
Earned premiums		985			643			538			311			2,477
Losses and loss adjustment expenses
Current accident year before catastrophes		649			340			331			214			1,534
Current accident year catastrophes		110			23			8			1			142
Prior accident years		—			10			(22	)		(47	)		(59	)
Total losses and loss adjustment expenses		759			373			317			168			1,617
Underwriting expenses		236			195			161			107			699
Dividends to policyholders		—			1			4			—			5
Underwriting results	$	(10	)	$	74		$	56		$	36		$	156
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		65.9			52.8			61.6			68.7			61.9
Current accident year catastrophes		11.2			3.6			1.6			0.3			5.8
Prior accident years [1]		—			1.5			(4.2	)		(15.0	)		(2.4	)
Total losses and loss adjustment expenses		77.0			58.0			59.1			54.0			65.3
Expenses		24.0			30.4			29.8			34.5			28.2
Policyholder dividends		—			0.2			0.6			0.1			0.2
Combined ratio		101.0			88.6			89.5			88.7			93.7
Catastrophes
Current year		11.2			3.6			1.6			0.3			5.8
Prior year		0.8			(0.3	)		(0.8	)		(1.7	)		(0.2	)
Catastrophe ratio		12.0			3.3			0.8			(1.4	)		5.6
Combined ratio before catastrophes		89.0			85.3			88.7			90.1			88.1
Combined ratio before catastrophes and prior year development		89.8			83.4			92.1			103.4			90.4

[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 SIX MONTHS ENDED JUNE 30, 2009

	Personal		Small			Middle			Specialty			Ongoing
	Lines		Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,989	$	1,336		$	1,008		$	587		$	4,920
Change in unearned premium reserve		25		41			(78	)		(56	)		(68	)
Earned premiums		1,964		1,295			1,086			643			4,988
Losses and loss adjustment expenses
Current accident year before catastrophes		1,276		702			690			447			3,115
Current accident year catastrophes		152		29			24			2			207
Prior accident years		10		15			(80	)		(72	)		(127	)
Total losses and loss adjustment expenses		1,438		746			634			377			3,195
Underwriting expenses		461		386			321			205			1,373
Dividends to policyholders		—		2			6			2			10
Underwriting results	$	65	$	161		$	125		$	59		$	410
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		65.0		54.2			63.6			69.5			62.5
Current accident year catastrophes		7.7		2.3			2.2			0.2			4.2
Prior accident years [1]		0.5		1.2			(7.4	)		(11.3	)		(2.6	)
Total losses and loss adjustment expenses		73.2		57.6			58.4			58.4			64.0
Expenses		23.5		29.8			29.5			31.9			27.5
Policyholder dividends		—		0.1			0.5			0.4			0.2
Combined ratio		96.7		87.6			88.5			90.8			91.8
Catastrophes
Current year		7.7		2.3			2.2			0.2			4.2
Prior year		1.0		(0.1	)		(0.9	)		(1.0	)		—
Catastrophe ratio		8.7		2.2			1.3			(0.7	)		4.2
Combined ratio before catastrophes		88.0		85.4			87.2			91.5			87.6
Combined ratio before catastrophes and prior year development		88.4		84.1			93.7			101.9			90.2

[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			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	2,583		$	2,592		$	2,465		$	2,458		$	2,462			(5	%)		—		$	5,167		$	4,920			(5	%)
Change in unearned premium reserve		(1	)		25			(102	)		(53	)		(15	)	NM				72	%		(30	)		(68	)		(127	%)
Earned premiums		2,584			2,567			2,567			2,511			2,477			(4	%)		(1	%)		5,197			4,988			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,639			1,638			1,488			1,581			1,534			(6	%)		(3	%)		3,264			3,115			(5	%)
Current accident year catastrophes [2]		171			325			(3	)		65			142			(17	%)		118	%		221			207			(6	%)
Prior accident years [3]		(39	)		(70	)		(195	)		(68	)		(59	)		(51	%)		13	%		(90	)		(127	)		(41	%)
Total losses and loss adjustment expenses		1,771			1,893			1,290			1,578			1,617			(9	%)		2	%		3,395			3,195			(6	%)
Underwriting expenses [4]		685			701			697			674			699			2	%		4	%		1,351			1,373			2	%
Dividends to policyholders [5]		20			17			5			5			5			(75	%)		—			25			10			(60	%)
Underwriting results	$	108		$	(44	)	$	575		$	254		$	156			44	%		(39	%)	$	426		$	410			(4	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		63.4			63.8			58.0			63.0			61.9			1.5			1.1			62.8			62.5			0.3
Current accident year catastrophes [2]		6.6			12.7			(0.1	)		2.6			5.8			0.8			(3.2	)		4.2			4.2			—
Prior accident years [3] [6]		(1.5	)		(2.8	)		(7.6	)		(2.7	)		(2.4	)		0.9			(0.3	)		(1.7	)		(2.6	)		0.9
Total losses and loss adjustment expenses		68.5			73.7			50.3			62.8			65.3			3.2			(2.5	)		65.3			64.0			1.3
Expenses		26.5			27.3			27.1			26.8			28.2			(1.7	)		(1.4	)		26.0			27.5			(1.5	)
Policyholder dividends		0.8			0.7			0.2			0.2			0.2			0.6			—			0.5			0.2			0.3
Combined ratio		95.8			101.7			77.6			89.9			93.7			2.1			(3.8	)		91.8			91.8			—
Catastrophes
Current year		6.6			12.7			(0.1	)		2.6			5.8			0.8			(3.2	)		4.2			4.2			—
Prior year		—			(0.2	)		(0.2	)		0.2			(0.2	)		0.2			0.4			(0.2	)		—			(0.2	)
Catastrophe ratio		6.6			12.5			(0.4	)		2.8			5.6			1.0			(2.8	)		4.0			4.2			(0.2	)
Combined ratio before catastrophes		89.2			89.2			78.0			87.1			88.1			1.1			(1.0	)		87.8			87.6			0.2
Combined ratio before catastrophes and prior year development		90.7			91.8			85.3			90.0			90.4			0.3			(0.4	)		89.3			90.2			(0.9	)

[1]	The three months ended June 30, 2008 included a current accident year reserve strengthening, totaling $7, or 0.3 points, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release, totaling $9, or 0.4 points, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release, totaling $95, or 3.7 points, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims. The three months ended June 30, 2009 included $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	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
PERSONAL LINES
UNDERWRITING RESULTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008		2008			2008			2009			2009			Change			Change			2008			2009		Change
UNDERWRITING RESULTS
Written premiums	$	1,029	$	1,024		$	936		$	944		$	1,045			2	%		11	%	$	1,965		$	1,989		1	%
Change in unearned premium reserve		49		46			(49	)		(35	)		60			22	%	NM				2			25	NM
Earned premiums		980		978			985			979			985			1	%		1	%		1,963			1,964		—
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		645		634			628			627			649			1	%		4	%		1,280			1,276		—
Current accident year catastrophes [2]		97		168			(37	)		42			110			13	%		162	%		127			152		20	%
Prior accident years [3]		1		(9	)		(35	)		10			—			(100	%)		(100	%)		(7	)		10	NM
Total losses and loss adjustment expenses		743		793			556			679			759			2	%		12	%		1,400			1,438		3	%
Underwriting expenses [4]		219		230			227			225			236			8	%		5	%		440			461		5	%
Underwriting results	$	18	$	(45	)	$	202		$	75		$	(10	)	NM			NM			$	123		$	65		(47	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		65.9		64.7			63.8			64.1			65.9			—			(1.8	)		65.3			65.0		0.3
Current accident year catastrophes [2]		9.8		17.2			(3.8	)		4.3			11.2			(1.4	)		(6.9	)		6.4			7.7		(1.3	)
Prior accident years [3] [5]		—		(0.9	)		(3.5	)		1.1			—			—			1.1			(0.4	)		0.5		(0.9	)
Total losses and loss adjustment expenses		75.8		81.1			56.5			69.4			77.0			(1.2	)		(7.6	)		71.3			73.2		(1.9	)
Expenses		22.4		23.5			23.0			23.0			24.0			(1.6	)		(1.0	)		22.4			23.5		(1.1	)
Combined ratio		98.1		104.6			79.5			92.4			101.0			(2.9	)		(8.6	)		93.7			96.7		(3.0	)
Catastrophes
Current year		9.8		17.2			(3.8	)		4.3			11.2			(1.4	)		(6.9	)		6.4			7.7		(1.3	)
Prior year		0.3		0.8			0.3			1.1			0.8			(0.5	)		0.3			(0.2	)		1.0		(1.2	)
Catastrophe ratio		10.1		18.1			(3.5	)		5.4			12.0			(1.9	)		(6.6	)		6.3			8.7		(2.4	)
Combined ratio before catastrophes		88.0		86.5			82.9			87.0			89.0			(1.0	)		(2.0	)		87.5			88.0		(0.5	)
Combined ratio before catastrophes and prior year development		88.3		88.3			86.8			87.0			89.8			(1.5	)		(2.8	)		87.7			88.4		(0.7	)
COMBINED RATIO
Automobile		94.3		90.5			86.5			89.3			95.6			(1.3	)		(6.3	)		93.5			92.4		1.1
Homeowners		107.9		141.2			61.7			100.3			114.9			(7.0	)		(14.6	)		94.4			107.6		(13.2	)
Total		98.1		104.6			79.5			92.4			101.0			(2.9	)		(8.6	)		93.7			96.7		(3.0	)

[1]	The three months ended September 30, 2008 included a current accident year reserve release of $9, or 1.0 point, related to auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $33, or 3.4 points, primarily related to auto liability claims. The three months ended June 30, 2009 included current accident year reserve strengthening of $2, or 0.2 points, related to auto liability claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike. The estimate of hurricane Ike losses was reduced by $42 during the fourth quarter of 2008.
[3]	The three months ended December 31, 2008 included $38 of reserve releases related to auto liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $10 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $7.
[5]	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
PERSONAL LINES
WRITTEN AND EARNED PREMIUMS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	741		$	741		$	669		$	681		$	763			3	%		12	%	$	1,403		$	1,444			3	%
Agency		271			269			252			249			268			(1	%)		8	%		529			517			(2	%)
Other		17			14			15			14			14			(18	%)		—			33			28			(15	%)
Total	$	1,029		$	1,024		$	936		$	944		$	1,045			2	%		11	%	$	1,965		$	1,989			1	%
EARNED PREMIUMS [1]
AARP	$	691		$	695		$	705		$	703		$	709			3	%		1	%	$	1,378		$	1,412			2	%
Agency		273			266			264			261			261			(4	%)		—			550			522			(5	%)
Other		16			17			16			15			15			(6	%)		—			35			30			(14	%)
Total	$	980		$	978		$	985		$	979		$	985			1	%		1	%	$	1,963		$	1,964			—
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	729		$	726		$	676		$	707		$	742			2	%		5	%	$	1,427		$	1,449			2	%
Homeowners		300			298			260			237			303			1	%		28	%		538			540			—
Total	$	1,029		$	1,024		$	936		$	944		$	1,045			2	%		11	%	$	1,965		$	1,989			1	%
EARNED PREMIUMS [1]
Automobile	$	707		$	707		$	704		$	704		$	711			1	%		1	%	$	1,413		$	1,415			—
Homeowners		273			271			281			275			274			—			—			550			549			—
Total	$	980		$	978		$	985		$	979		$	985			1	%		1	%	$	1,963		$	1,964			—
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases) [2]
Automobile		4	%		4	%		3	%		3	%		3	%		(1	%)		—			4	%		3	%		(1	%)
Homeowners		6	%		6	%		6	%		6	%		5	%		(1	%)		(1	%)		6	%		5	%		(1	%)
Premium Retention
Automobile		87	%		86	%		86	%		85	%		85	%		(2	%)		—			88	%		85	%		(3	%)
Homeowners		91	%		90	%		88	%		88	%		87	%		(4	%)		(1	%)		90	%		88	%		(2	%)
New Business Premium $
Automobile	$	87		$	97		$	96		$	115		$	124			43	%		8	%	$	171		$	239			40	%
Homeowners	$	27		$	29		$	26		$	31		$	40			48	%		29	%	$	51		$	71			39	%
Policies in force
Automobile		2,326,188			2,324,124			2,323,882			2,347,967			2,375,240			2	%		1	%
Homeowners		1,471,920			1,465,907			1,455,954			1,460,172			1,471,287			—			1	%

[1]	The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.
[2]	For all periods presented, the written pricing metric was changed in the first quarter of 2009 to exclude the impact of changes in business mix on average policy premium.

PC-8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	679		$	652		$	622		$	693		$	643			(5	%)		(7	%)	$	1,422		$	1,336			(6	%)
Change in unearned premium reserve		(4	)		(26	)		(54	)		41			—			100	%		(100	%)		52			41			(21	%)
Earned premiums		683			678			676			652			643			(6	%)		(1	%)		1,370			1,295			(5	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		380			380			317			362			340			(11	%)		(6	%)		750			702			(6	%)
Current accident year catastrophes [2]		35			49			29			6			23			(34	%)	NM				44			29			(34	%)
Prior accident years [3]		(2	)		(46	)		(39	)		5			10		NM				100	%		(4	)		15		NM
Total losses and loss adjustment expenses		413			383			307			373			373			(10	%)		—			790			746			(6	%)
Underwriting expenses [4]		198			204			201			191			195			(2	%)		2	%		388			386			(1	%)
Dividends to policyholders [5]		3			9			1			1			1			(67	%)		—			4			2			(50	%)
Underwriting results	$	69		$	82		$	167		$	87		$	74			7	%		(15	%)	$	188		$	161			(14	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		55.5			56.3			46.8			55.5			52.8			2.7			2.7			54.6			54.2			0.4
Current accident year catastrophes [2]		5.2			7.0			4.4			1.0			3.6			1.6			(2.6	)		3.2			2.3			0.9
Prior accident years [3] [6]		(0.3	)		(6.8	)		(5.8	)		0.8			1.5			(1.8	)		(0.7	)		(0.3	)		1.2			(1.5	)
Total losses and loss adjustment expenses		60.4			56.5			45.4			57.3			58.0			2.4			(0.7	)		57.6			57.6			—
Expenses		29.0			30.1			29.7			29.3			30.4			(1.4	)		(1.1	)		28.3			29.8			(1.5	)
Policyholder dividends		0.5			1.3			0.2			0.1			0.2			0.3			(0.1	)		0.3			0.1			0.2
Combined ratio		89.8			87.9			75.4			86.6			88.6			1.2			(2.0	)		86.2			87.6			(1.4	)
Catastrophes
Current year		5.2			7.0			4.4			1.0			3.6			1.6			(2.6	)		3.2			2.3			0.9
Prior year		0.1			(0.5	)		—			0.1			(0.3	)		0.4			0.4			0.1			(0.1	)		0.2
Catastrophe ratio		5.3			6.5			4.4			1.1			3.3			2.0			(2.2	)		3.3			2.2			1.1
Combined ratio before catastrophes		84.5			81.4			71.0			85.5			85.3			(0.8	)		0.2			82.9			85.4			(2.5	)
Combined ratio before catastrophes and prior year development		84.9			87.7			76.8			84.8			83.4			1.5			1.4			83.3			84.1			(0.8	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(3	%)		(2	%)		1	%		—			—			3	%		—			(3	%)		—			3	%
Premium Retention		81	%		83	%		81	%		79	%		78	%		(3	%)		(1	%)		82	%		78	%		(4	%)
New Business Premium $	$	117		$	105		$	97		$	119		$	120			3	%		1	%	$	244		$	239			(2	%)
Policies in force		1,057,058			1,062,291			1,055,463			1,053,568			1,060,482			—			1	%

[1]	The three months ended June 30, 2008 included current accident year reserve strengthening, totaling $7, or 1.0 point, primarily related to liability claims under package business. The three months ended December 31, 2008 included a current accident year reserve release, totaling $30, or 4.4 points, primarily related to workers’ compensation business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike. The estimate of hurricane Ike losses was increased by $31 during the fourth quarter of 2008.
[3]	The three months ended September 30, 2008 and December 31, 2008 included reserve releases of $33 and $20, respectively, related to workers’ compensation business.
[4]	The three months ended September 30, 2008 included an assessment of $7 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $5.
[5]	Included in policyholder dividends for the three months ended September 30, 2008 was a $6 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
MIDDLE MARKET
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	529		$	571		$	577		$	526		$	482			(9	%)		(8	%)	$	1,094		$	1,008			(8	%)
Change in unearned premium reserve		(46	)		2			15			(22	)		(56	)		(22	%)		(155	%)		(74	)		(78	)		(5	%)
Earned premiums		575			569			562			548			538			(6	%)		(2	%)		1,168			1,086			(7	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		377			389			314			359			331			(12	%)		(8	%)		757			690			(9	%)
Current accident year catastrophes [2]		33			64			10			16			8			(76	%)		(50	%)		42			24			(43	%)
Prior accident years [3]		(21	)		(18	)		(79	)		(58	)		(22	)		(5	%)		62	%		(37	)		(80	)		(116	%)
Total losses and loss adjustment expenses		389			435			245			317			317			(19	%)		—			762			634			(17	%)
Underwriting expenses [4]		170			167			167			160			161			(5	%)		1	%		333			321			(4	%)
Dividends to policyholders [5]		13			4			2			2			4			(69	%)		100	%		15			6			(60	%)
Underwriting results	$	3		$	(37	)	$	148		$	69		$	56		NM				(19	%)	$	58		$	125			116	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		65.7			68.1			56.0			65.5			61.6			4.1			3.9			64.9			63.6			1.3
Current accident year catastrophes [2]		5.7			11.2			1.8			2.8			1.6			4.1			1.2			3.6			2.2			1.4
Prior accident years [3] [6]		(3.7	)		(3.2	)		(14.1	)		(10.5	)		(4.2	)		0.5			(6.3	)		(3.2	)		(7.4	)		4.2
Total losses and loss adjustment expenses		67.7			76.1			43.7			57.8			59.1			8.6			(1.3	)		65.3			58.4			6.9
Expenses		29.4			29.6			29.7			29.3			29.8			(0.4	)		(0.5	)		28.5			29.5			(1.0	)
Policyholder dividends		2.3			0.7			0.3			0.4			0.6			1.7			(0.2	)		1.3			0.5			0.8
Combined ratio		99.4			106.4			73.7			87.5			89.5			9.9			(2.0	)		95.0			88.5			6.5
Catastrophes
Current year		5.7			11.2			1.8			2.8			1.6			4.1			1.2			3.6			2.2			1.4
Prior year		(0.4	)		(1.1	)		(0.8	)		(1.0	)		(0.8	)		0.4			(0.2	)		(0.1	)		(0.9	)		0.8
Catastrophe ratio		5.3			10.1			1.1			1.8			0.8			4.5			1.0			3.5			1.3			2.2
Combined ratio before catastrophes		94.1			96.3			72.7			85.7			88.7			5.4			(3.0	)		91.5			87.2			4.3
Combined ratio before catastrophes and prior year development		97.4			98.4			86.0			95.2			92.1			5.3			3.1			94.6			93.7			0.9
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(7	%)		(5	%)		(3	%)		(2	%)		(1	%)		6	%		1	%		(6	%)		(2	%)		4	%
Premium Retention		77	%		78	%		77	%		75	%		71	%		(6	%)		(4	%)		78	%		73	%		(5	%)
New Business Premium $	$	101		$	111		$	103		$	115		$	106			5	%		(8	%)	$	206		$	221			7	%
Policies in force [7]		96,602			97,388			97,308			97,176			96,574			—			(1	%)

[1]	The three months ended December 31, 2008 included a current accident year reserve release, totaling $28, or 5.1 points, primarily related to workers’ compensation business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included net reserve releases of $48 related to general liability claims and reserve releases of $30 related to workers’ compensation business. The three months ended March 31, 2009 and June 30, 2009 included reserve releases of $38 and $33, respectively, related to general liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $3 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $2.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 was an $11 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[7]	During the fourth quarter of 2008, the livestock business was resegmented from Specialty Commercial to Middle Market. As such, policies in force for all prior periods presented have been restated to fully reflect the resegmentation.

PC-10

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums [1]	$	346		$	345		$	330		$	295		$	292			(16	%)		(1	%)	$	686		$	587			(14	%)
Change in unearned premium reserve		—			3			(14	)		(37	)		(19	)		—			49	%		(10	)		(56	)	NM
Earned premiums		346			342			344			332			311			(10	%)		(6	%)		696			643			(8	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		237			235			229			233			214			(10	%)		(8	%)		477			447			(6	%)
Current accident year catastrophes [3]		6			44			(5	)		1			1			(83	%)		—			8			2			(75	%)
Prior accident years [4]		(17	)		3			(42	)		(25	)		(47	)		(176	%)		(88	%)		(42	)		(72	)		(71	%)
Total losses and loss adjustment expenses		226			282			182			209			168			(26	%)		(20	%)		443			377			(15	%)
Underwriting expenses [5]		98			100			102			98			107			9	%		9	%		190			205			8	%
Dividends to policyholders		4			4			2			2			—			(100	%)		(100	%)		6			2			(67	%)
Underwriting results	$	18		$	(44	)	$	58		$	23		$	36			100	%		57	%	$	57		$	59			4	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		68.4			68.7			66.4			70.3			68.7			(0.3	)		1.6			68.6			69.5			(0.9	)
Current accident year catastrophes [3]		1.9			13.2			(1.7	)		0.1			0.3			1.6			(0.2	)		1.1			0.2			0.9
Prior accident years [4] [6]		(4.6	)		0.6			(12.0	)		(7.9	)		(15.0	)		10.4			7.1			(5.9	)		(11.3	)		5.4
Total losses and loss adjustment expenses		65.7			82.5			52.7			62.6			54.0			11.7			8.6			63.7			58.4			5.3
Expenses		28.4			29.0			29.7			29.5			34.5			(6.1	)		(5.0	)		27.4			31.9			(4.5	)
Policyholder dividends		1.1			1.3			0.5			0.7			0.1			1.0			0.6			0.8			0.4			0.4
Combined ratio		95.2			112.8			83.0			92.8			88.7			6.5			4.1			91.9			90.8			1.1
Catastrophes
Current year		1.9			13.2			(1.7	)		0.1			0.3			1.6			(0.2	)		1.1			0.2			0.9
Prior year		(0.5	)		(0.8	)		(1.5	)		(0.2	)		(1.7	)		1.2			1.5			(1.2	)		(1.0	)		(0.2	)
Catastrophe ratio		1.4			12.4			(3.2	)		(0.1	)		(1.4	)		2.8			1.3			(0.1	)		(0.7	)		0.6
Combined ratio before catastrophes		93.8			100.4			86.1			92.9			90.1			3.7			2.8			92.0			91.5			0.5
Combined ratio before catastrophes and prior year development		97.9			99.0			96.7			100.5			103.4			(5.5	)		(2.9	)		96.7			101.9			(5.2	)

[1]	Concurrent with the sale of the Company’s core excess and surplus lines of business in March, 2009, the Company ceded $26 of unearned premium to the buyer, reflected as a reduction of written premium in the three months ended March 31, 2009.
[2]	The three months ended December 31, 2008 included a current accident year reserve release, totaling $3, or 0.9 points, primarily related to programs business. The three months ended June 30, 2009 included a current accident year reserve release, totaling $2, or 0.7 points, related to workers’ compensation business.
[3]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[4]	The three months ended December 31, 2008 and March 31, 2009 included reserve releases of $30 and $20, respectively, related to professional liability claims. The three months ended June 30, 2009 included a reserve release of $30 related to professional liability claims and a $20 reduction in the allowance for uncollectible reinsurance.
[5]	The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund, and $17 reserve strengthening for other state funds and taxes.
[6]	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			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,			Jun. 30,		3 Month			3 Month			JUNE 30,
	2008		2008		2008		2009			2009		Change			Change			2008		2009			Change
WRITTEN PREMIUMS [1]
Property [2]	$	14	$	14	$	15	$	(16	)	$	—		(100	%)		100	%	$	21	$	(16	)	NM
Casualty		135		134		110		150			128		(5	%)		(15	%)		294		278			(5	%)
Professional Liability, Fidelity and Surety		176		178		185		143			148		(16	%)		3	%		328		291			(11	%)
Other		21		19		20		18			16		(24	%)		(11	%)		43		34			(21	%)
Total	$	346	$	345	$	330	$	295		$	292		(16	%)		(1	%)	$	686	$	587			(14	%)
EARNED PREMIUMS [1]
Property	$	24	$	19	$	17	$	13		$	3		(88	%)		(77	%)	$	51	$	16			(69	%)
Casualty		132		131		131		130			124		(6	%)		(5	%)		264		254			(4	%)
Professional Liability, Fidelity and Surety		169		173		173		171			165		(2	%)		(4	%)		339		336			(1	%)
Other		21		19		23		18			19		(10	%)		6	%		42		37			(12	%)
Total	$	346	$	342	$	344	$	332		$	311		(10	%)		(6	%)	$	696	$	643			(8	%)

[1]	The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.
[2]	Concurrent with the sale of the Company’s core excess and surplus lines of business in March, 2009, the Company ceded $26 of unearned premium to the buyer, reflected as a reduction of written premium in the three months ended March 31, 2009.

PC-12

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	2		$	1		$	2		$	1		$	1			(50	%)		—		$	4		$	2			(50	%)
Change in unearned premium reserve		—			—			(1	)		1			—			—			(100	%)		1			1			—
Earned premiums		2			1			3			—			1			(50	%)		—			3			1			(67	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—			—			—			—
Prior accident years [1]		55			56			3			—			121			120	%		—			70			121			73	%
Total losses and loss adjustment expenses		55			56			3			—			121			120	%		—			70			121			73	%
Underwriting expenses		5			6			7			5			4			(20	%)		(20	%)		10			9			(10	%)
Underwriting results	$	(58	)	$	(61	)	$	(7	)	$	(5	)	$	(124	)		(114	%)	NM			$	(77	)	$	(129	)		(68	%)
Net investment income		57			50			35			40			41			(28	%)		2	%		112			81			(28	%)
Other expenses		—			1			(2	)		1			(2	)		—		NM				(2	)		(1	)		50	%
Income tax benefit (expense)		3			6			(8	)		(12	)		34		NM			NM				(5	)		22		NM
Core earnings		2			(4	)		18			24			(51	)	NM			NM				28			(27	)	NM
Add: Net realized capital gains (losses), after-tax		1			(104	)		(24	)		(23	)		2			100	%	NM				(11	)		(21	)		(91	%)
Net income (loss)	$	3		$	(108	)	$	(6	)	$	1		$	(49	)	NM			NM			$	17		$	(48	)	NM

[1] The three months ended June 30, 2008 included net asbestos reserve strengthening of $50. The three months ended September 30, 2008 included environmental reserve strengthening of $53. The three months ended June 30, 2009 included net asbestos reserve strengthening of $138 partially offset by a $20 reduction in the allowance for uncollectible reinsurance.

PC-13

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

	Asbestos			Environmental			All Other [1]			Total
For the Three Months Ended June 30, 2009
Beginning liability — net [2] [3]	$	1,845		$	261		$	1,565		$	3,671
Losses and loss adjustment expenses incurred		138			—			(17	)		121
Losses and loss adjustment expenses paid		(37	)		(7	)		(27	)		(71	)
Reclassification of asbestos and environmental liabilities [4]		51			3			(54	)		—
Ending liability — net [2] [3]	$	1,997	[5]	$	257		$	1,467		$	3,721

	Asbestos			Environmental			All Other [1]			Total
For the Six Months Ended June 30, 2009
Beginning liability — net [2] [3]	$	1,884		$	269		$	1,628		$	3,781
Losses and loss adjustment expenses incurred		138			—			(17	)		121
Losses and loss adjustment expenses paid		(76	)		(15	)		(90	)		(181	)
Reclassification of asbestos and environmental liabilities [4]		51			3			(54	)		—
Ending liability — net [2] [3]	$	1,997	[5]	$	257		$	1,467		$	3,721

[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 $11 and $5, respectively, as of June 30, 2009, $12 and $6, respectively, as of March 31, 2009 and $12 and $6, respectively, as of December 31, 2008. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three and six months ended June 30, 2009 includes $2 and $8, respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three and six months ended June 30, 2009 includes $4 and $10, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,622 and $292, respectively, as of June 30, 2009, $2,453 and $301, respectively, as of March 31, 2009, and $2,498 and $309, respectively, as of December 31, 2008.
[4]	During the three months ended June 30, 2009, the Company reclassified liabilities of $54 that were previously classified as “All Other” to “Asbestos” and “Environmental”.
[5]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $182 and $232, respectively, resulting in a one year net survival ratio of 11.0 and a three year net survival ratio of 8.6. Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SUMMARY OF GROSS ASBESTOS RESERVES
AS OF JUNE 30, 2009

	Number of		All Time		Total		All Time
	Accounts [1]		Paid [2]		Reserves		Ultimate [2]
Major Asbestos Defendants [4]
Structured settlements (includes 4 Wellington accounts) [5]		7	$	270	$	475	$	745
Wellington (direct only)		29		904		43		947
Other major asbestos defendants		29		474		168		642
No known policies (includes 3 Wellington accounts)		5		—		—		—
Accounts with future exposure > $2.5		73		744		547		1,291
Accounts with future exposure < $2.5		1,104		424		119		543
Unallocated [6]				1,687		366		2,053
Total direct			$	4,503	$	1,718	$	6,221
Assumed reinsurance				1,110		557		1,667
London market				581		347		928
Total as of June 30, 2009 [3]			$	6,194	$	2,622	$	8,816

[1]	An account may move between categories from one evaluation to the next. Reclassifications were made as a result of the reserve evaluation completed in the second quarter of 2009.
[2]	“All Time Paid” represents the total payments with respect to the indicated claim type that have already been made by the Company as of the indicated balance sheet date. “All Time Ultimate” represents the Company’s estimate, as of the indicated balance sheet date, of the total payments that are ultimately expected to be made to fully settle the indicated payment type. The amount is the sum of the amounts already paid (e.g., “All Time Paid”) and the estimated future payments (e.g., the amount shown in the column labeled “Total Reserves”).
[3]	Survival ratio is a commonly used industry ratio for comparing reserve levels between companies. While the method is commonly used, it is not a predictive technique. Survival ratios may vary over time for numerous reasons such as large payments due to the final resolution of certain asbestos liabilities, or reserve re-estimates. The survival ratio is computed by dividing the recorded reserves by the average of the past three years of payments. The ratio is the calculated number of years the recorded reserves would survive if future annual payments were equal to the average annual payments for the past three years. The 3-year gross survival ratio of 7.5 as of June 30, 2009 is computed based on total paid losses of $1,051 for the period from July 1, 2006 to June 30, 2009. As of June 30, 2009, the one year gross paid amount for total asbestos claims is $284, resulting in a one year gross survival ratio of 9.2.
[4]	Includes 25 open accounts at June 30, 2009. Included 25 open accounts at June 30, 2008.
[5]	Structured settlements include the Company’s reserves related to PPG Industries, Inc. (“PPG”). In January 2009, the Company, along with approximately three dozen other insurers, entered into a modified agreement in principle with PPG to resolve the Company’s coverage obligations for all of its PPG asbestos liabilities, including principally those arising out of its 50% stock ownership of Pittsburgh Corning Corporation (“PCC”), a joint venture with Corning, Inc. The agreement is contingent on the fulfillment of certain conditions, including the confirmation of a PCC plan of reorganization under Section 524(g) of the Bankruptcy Code, which have not yet been met.
[6]	Includes closed accounts (exclusive of Major Asbestos Defendants) and unallocated IBNR.

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 June 30, 2009	Losses & LAE			Losses & LAE			Losses & LAE			Losses & LAE
Gross
Direct	$	33		$	117		$	6		$	—
Assumed Reinsurance		13			52			3			—
London Market		4			—			1			—
Total		50			169			10			—
Ceded		(13	)		(31	)		(3	)		—
Net prior to reclassification	$	37		$	138		$	7		$	—
Reclassification of asbestos and environmental liabilities [2]		—			51			—			3
Net	$	37		$	189		$	7		$	3

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Six Months Ended June 30, 2009	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
Gross
Direct	$	69		$	117		$	13		$	—
Assumed Reinsurance		17			52			4			—
London Market		9			—			2			—
Total		95			169			19			—
Ceded		(19	)		(31	)		(4	)		—
Net prior to reclassification	$	76		$	138		$	15		$	—
Reclassification of asbestos and environmental liabilities [2]		—			51			—			3
Net	$	76		$	189		$	15		$	3

[1]

Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three and six months ended June 30, 2009 includes $2 and $8, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and six months ended June 30, 2009 includes $5 and $10, respectively, related to asbestos and environmental claims.

[2]

During the three months ended June 30, 2009, the Company reclassified liabilities of $54 that were previously classified as “All Other” to “Asbestos” and “Environmental”.

PC-16

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

	For the Three Months Ended June 30, 2009
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 4/1/09 - gross	$	2,024		$	3,590		$	4,739		$	6,987		$	17,340		$	4,464		$	21,804
Reinsurance and other recoverables		58			170			458			2,063			2,749			793			3,542
Liabilities for unpaid losses and loss adjustment expenses at 4/1/09 - net		1,966			3,420			4,281			4,924			14,591			3,671			18,262
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		649			340			331			214			1,534			—			1,534
Current accident year catastrophes		110			23			8			1			142			—			142
Prior accident years		—			10			(22	)		(47	)		(59	)		121			62
Total provision for unpaid losses and loss adjustment expenses		759			373			317			168			1,617			121			1,738
Payments		(702	)		(335	)		(341	)		(154	)		(1,532	)		(71	)		(1,603	)
Liabilities for unpaid losses and loss adjustment expenses at 6/30/09 - net		2,023			3,458			4,257			4,938			14,676			3,721			18,397
Reinsurance and other recoverables		54			168			447			2,001			2,670			835			3,505
Liabilities for unpaid losses and loss adjustment expenses at 6/30/09 - gross	$	2,077		$	3,626		$	4,704		$	6,939		$	17,346		$	4,556		$	21,902
Earned premiums	$	985		$	643		$	538		$	311		$	2,477		$	1		$	2,478
Loss and loss expense paid ratio		71.2			52.1			63.6			49.9			61.9
Loss and loss expense incurred ratio		77.0			58.0			59.1			54.0			65.3
Prior accident year development (pts.)		—			1.5			(4.2	)		(15.0	)		(2.4	)

PC-17

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

	For the Six Months Ended June 30, 2009
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 - gross	$	2,052		$	3,572		$	4,744		$	6,981		$	17,349		$	4,584		$	21,933
Reinsurance and other recoverables		60			176			437			2,110			2,783			803			3,586
Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 - net		1,992			3,396			4,307			4,871			14,566			3,781			18,347
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		1,276			702			690			447			3,115			—			3,115
Current accident year catastrophes		152			29			24			2			207			—			207
Prior accident years		10			15			(80	)		(72	)		(127	)		121			(6	)
Total provision for unpaid losses and loss adjustment expenses		1,438			746			634			377			3,195			121			3,316
Payments		(1,407	)		(684	)		(684	)		(310	)		(3,085	)		(181	)		(3,266	)
Liabilities for unpaid losses and loss adjustment expenses at 6/30/09 - net		2,023			3,458			4,257			4,938			14,676			3,721			18,397
Reinsurance and other recoverables		54			168			447			2,001			2,670			835			3,505
Liabilities for unpaid losses and loss adjustment expenses at 6/30/09 - gross	$	2,077		$	3,626		$	4,704		$	6,939		$	17,346		$	4,556		$	21,902
Earned premiums	$	1,964		$	1,295		$	1,086		$	643		$	4,988		$	1		$	4,989
Loss and loss expense paid ratio		71.7			52.8			63.1			48.0			61.9
Loss and loss expense incurred ratio		73.2			57.6			58.4			58.4			64.0
Prior accident year development (pts.)		0.5			1.2			(7.4	)		(11.3	)		(2.6	)

PC-18

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

	June 30,			December 31,
	2009			2008
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	224		$	326
Unpaid Loss and Loss Adjustment Expenses		3,408			3,492
Subtotal Gross Reinsurance Recoverables		3,632			3,818
Less: Allowance for Uncollectible Reinsurance		(333	)		(379	)
Net Reinsurance Recoverables	$	3,299		$	3,439

	As of December 31, 2008
Distribution of Gross Reinsurance Recoverables	Amount			% of Total
Gross Reinsurance Recoverables	$	3,818
Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(638	)
Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	3,180
Rated A- (Excellent) or better by A.M. Best [1]	$	2,426			76.3	%
Other Rated by A.M. Best		52			1.6	%
Total Rated Companies		2,478			77.9	%
Voluntary Pools		181			5.7	%
Captives		220			6.9	%
Other Not Rated Companies		301			9.5	%
Total	$	3,180			100.0	%

[1] Based on A.M. Best ratings as of December 31, 2008.

PC-19

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Earned premiums	$	2,586		$	2,568		$	2,570		$	2,511		$	2,478			(4	%)		(1	%)	$	5,200		$	4,989			(4	%)
Net investment income [1]		391			335			162			225			280			(28	%)		24	%		756			505			(33	%)
Other revenues		125			132			127			118			120			(4	%)		2	%		245			238			(3	%)
Net realized capital losses		(51	)		(1,428	)		(246	)		(323	)		(78	)		(53	%)		76	%		(203	)		(401	)		(98	%)
Total revenues		3,051			1,607			2,613			2,531			2,800			(8	%)		11	%		5,998			5,331			(11	%)
Losses and loss adjustment expenses [2]		1,826			1,949			1,293			1,578			1,738			(5	%)		10	%		3,465			3,316			(4	%)
Amortization of deferred policy acquisition costs		521			523			528			523			518			(1	%)		(1	%)		1,044			1,041			—
Insurance operating costs and expenses [3]		189			201			181			161			190			1	%		18	%		342			351			3	%
Other expenses		182			175			158			159			163			(10	%)		3	%		362			322			(11	%)
Total benefits and expenses		2,718			2,848			2,160			2,421			2,609			(4	%)		8	%		5,213			5,030			(4	%)
Income (loss) before income taxes		333			(1,241	)		453			110			191			(43	%)		74	%		785			301			(62	%)
Income tax expense (benefit)		84			(467	)		162			(2	)		18			(79	%)	NM				210			16			(92	%)
Net income (loss)		249			(774	)		291			112			173			(31	%)		54	%		575			285			(50	%)
Less: Net realized capital losses, after-tax, excluded from core earnings		(34	)		(930	)		(161	)		(209	)		(39	)		(15	%)		81	%		(134	)		(248	)		(85	%)
Core earnings	$	283		$	156		$	452		$	321		$	212			(25	%)		(34	%)	$	709		$	533			(25	%)
Total Property & Casualty effective tax rate — net income		25.1	%		37.6	%		35.7	%		(2.1	%)		9.8	%		(15.3	)		11.9			26.7	%		5.5	%		(21.2	)
Total Property & Casualty effective tax rate — core earnings		26.4	%		17.6	%		35.1	%		25.2	%		20.5	%		(5.9	)		(4.7	)		28.4	%		23.4	%		(5.0	)

[1]	The decrease in net investment income for the three months ended December 31, 2008, March 31, 2009 and June 30, 2009 was primarily driven by losses on limited partnerships and other alternative investments, and lower asset levels on taxable fixed maturities, and for the three months ended March 31, 2009 and June 30, 2009 only, lower yields on taxable fixed maturities.
[2]	The three months ended September 30, 2008 included catastophe losses from hurricane Ike. The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims. The three months ended June 30, 2009 included $138 of net asbestos reserve strengthening, partially offset by a $40 reduction in the allowance for uncollectible reinsurance, $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims.
[3]	Included in insurance operating costs and expenses for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14. The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes.

PC-20

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

	AS OF															Year Over
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Year			Sequential
	2008			2008			2008			2009			2009			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	25,234		$	23,727		$	19,775		$	20,040		$	20,773			(18	%)		4	%
Equity securities, available for sale, at fair value		1,327			741			674			482			586			(56	%)		22	%
Mortgage loans		747			762			785			756			731			(2	%)		(3	%)
Limited partnerships and other alternative investments [1]		1,398			1,407			1,166			1,026			963			(31	%)		(6	%)
Other investments		58			62			207			173			114			97	%		(34	%)
Short term investments		1,073			827			1,597			1,266			1,459			36	%		15	%
Total investments		29,837			27,526			24,204			23,743			24,626			(17	%)		4	%
Cash		241			278			162			247			358			49	%		45	%
Premiums receivable and agents’ balances		3,233			3,237			3,197			3,161			3,136			(3	%)		(1	%)
Reinsurance recoverables		3,613			3,572			3,439			3,337			3,299			(9	%)		(1	%)
Deferred policy acquisition costs		1,246			1,260			1,260			1,249			1,251			—			—
Deferred income tax		1,013			1,819			2,435			2,495			2,165			114	%		(13	%)
Goodwill		149			149			149			149			149			—			—
Property and equipment, net		639			658			675			668			669			5	%		—
Other assets		1,194			1,460			1,159			1,454			1,273			7	%		(12	%)
Total assets	$	41,165		$	39,959		$	36,680		$	36,503		$	36,926			(10	%)		1	%
Unpaid losses and loss adjustment expenses	$	22,315		$	22,605		$	21,933		$	21,804		$	21,902			(2	%)		—
Unearned premiums		5,372			5,363			5,244			5,231			5,191			(3	%)		(1	%)
Other liabilities		4,647			4,729			2,914			2,573			2,052			(56	%)		(20	%)
Total liabilities		32,334			32,697			30,091			29,608			29,145			(10	%)		(2	%)
Equity, x-AOCI, net of tax		9,536			8,364			8,675			8,887			9,328			(2	%)		5	%
AOCI, net of tax		(705	)		(1,102	)		(2,086	)		(1,991	)		(1,547	)		(119	%)		22	%
The Hartford’s Property & Casualty stockholders’ equity		8,831			7,262			6,589			6,896			7,781			(12	%)		13	%
Noncontrolling interest		—			—			—			(1	)		—			—			100	%
Total Property & Casualty stockholders’ equity		8,831			7,262			6,589			6,895			7,781			(12	%)		13	%
Total liabilities and stockholders’ equity	$	41,165		$	39,959		$	36,680		$	36,503		$	36,926			(10	%)		1	%

[1] Other alternative investments include hedge fund investments outside limited partnerships and real estate joint ventures.

PC-21

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

	Jun. 30, 2009			Dec. 31, 2008
Adjusted Statutory Capital and Surplus	$	6,362		$	6,012
GAAP Adjustments
Deferred policy acquisition costs		1,251			1,260
Benefit reserves		(85	)		(90	)
GAAP unrealized losses on investments, net of tax		(1,571	)		(2,136	)
Goodwill		149			149
Non-admitted assets		1,770			1,754
Other, net		(95	)		(360	)
GAAP Stockholders’ Equity	$	7,781		$	6,589

PC-22

INVESTMENTS

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	936		$	949		$	878		$	828		$	800			(15	%)		(3	%)	$	1,928		$	1,628			(16	%)
Tax-exempt		141			141			131			125			129			(9	%)		3	%		283			254			(10	%)
Total fixed maturities		1,077			1,090			1,009			953			929			(14	%)		(3	%)		2,211			1,882			(15	%)
Equity securities, trading		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Equity securities, available-for-sale		51			34			36			27			25			(51	%)		(7	%)		97			52			(46	%)
Mortgage loans		83			82			89			79			79			(5	%)		—			162			158			(2	%)
Policy loans		34			34			38			36			36			6	%		—			67			72			7	%
Limited partnerships and other alternative investments [2]		25			(101	)		(333	)		(209	)		(93	)	NM				56	%		(11	)		(302	)	NM
Other [3]		(12	)		(10	)		(6	)		58			70		NM				21	%		(56	)		128		NM
Subtotal		2,411			(2,286	)		(3,667	)		220			3,569			48	%	NM				45			3,789		NM
Less: Investment expense		28			26			24			24			25			(11	%)		4	%		47			49			4	%
Total net investment income (loss)	$	2,383		$	(2,312	)	$	(3,691	)	$	196		$	3,544			49	%	NM			$	(2	)	$	3,740		NM
Less: Equity securities, trading		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Total net investment income excluding trading securities	$	1,230		$	1,103		$	809		$	920		$	1,021			(17	%)		11	%	$	2,423		$	1,941			(20	%)
Annualized investment yield, before-tax [4]		5.3	%		4.7	%		3.3	%		3.7	%		4.2	%		(1.1	)		0.9			5.2	%		3.9	%		(1.3	)
Annualized investment yield, after-tax [4]		3.6	%		3.2	%		2.2	%		2.6	%		2.9	%		(0.7	)		0.7			3.6	%		2.7	%		(0.9	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	73		$	58		$	381		$	208		$	157			115	%		(25	%)	$	168		$	365			117	%
Gross losses on sale		(59	)		(175	)		(411	)		(720	)		(189	)	NM				74	%		(270	)		(909	)	NM
Impairments [5]		(164	)		(3,077	)		(419	)		(224	)		(314	)		(91	%)		(40	%)		(468	)		(538	)		(15	%)
Japanese fixed annuity contract hedges, net [6]		(9	)		36			51			41			(6	)		33	%	NM				(23	)		35		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(10	)		(6	)		(12	)		(19	)		(13	)		(30	%)		32	%		(15	)		(32	)		(113	%)
SFAS 157 transition impact		—			—			—			—			—			—			—			(650	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [8]		(13	)		(133	)		(457	)		589			671		NM				14	%		(123	)		1,260		NM
Macro hedge		(4	)		24			45			204			(568	)	NM			NM				5			(364	)	NM
Total results of variable annuity hedge program		(17	)		(109	)		(412	)		793			103		NM				(87	%)		(118	)		896
Other net gain (loss) [9]		(96	)		(176	)		6			5			(419	)	NM			NM				(277	)		(414	)		(49	%)
Total net realized capital gains (losses)	$	(282	)	$	(3,449	)	$	(816	)	$	84		$	(681	)		(141	%)	NM			$	(1,653	)	$	(597	)		64	%

[1]	Includes income on short-term bonds.
[2]	Includes income on hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily represents income from derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using net investment income (excluding income related to equity securities, trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.
[5]	Effective with the adoption of FSP FAS 115-2 for the interim reporting period ending on June 30, 2009, represents credit impairments and impairments associated with securities which the Company intends to sell and equity securities.
[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 gain on GMWB derivatives for the three and six months ended June 30, 2009 was primarily due to a decline in equity volatility levels, an increase in interest rates and liability model assumption updates for withdrawals, lapses, and credit standing.
[9]	Primarily consists of changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, valuation allowances for impaired mortgage loans and other investment gains and losses. The losses for the three and six months ended June 30, 2009 primarily consist of losses of approximately $300 related to contingent obligations associated with the Allianz transaction.

I-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	679		$	686		$	644		$	615		$	592			(13	%)		(4	%)	$	1,402		$	1,207			(14	%)
Tax-exempt		32			32			30			30			30			(6	%)		—			64			60			(6	%)
Total fixed maturities		711			718			674			645			622			(13	%)		(4	%)		1,466			1,267			(14	%)
Equity securities, trading		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Equity securities, available-for-sale		31			17			23			15			16			(48	%)		7	%		56			31			(45	%)
Mortgage loans		74			71			79			70			70			(5	%)		—			143			140			(2	%)
Policy loans		34			34			38			36			36			6	%		—			67			72			7	%
Limited partnerships and other alternative investments [2]		9			(59	)		(166	)		(115	)		(51	)	NM				56	%		(8	)		(166	)	NM
Other [3]		(9	)		(3	)		8			56			64		NM				14	%		(41	)		120		NM
Subtotal		2,003			(2,637	)		(3,844	)		(17	)		3,280			64	%	NM				(742	)		3,263		NM
Less: Investment expense		21			19			18			18			18			(14	%)		—			35			36			3	%
Total net investment income (loss)	$	1,982		$	(2,656	)	$	(3,862	)	$	(35	)	$	3,262			65	%	NM			$	(777	)	$	3,227		NM
Less: Equity securities, trading		1,153			(3,415	)		(4,500	)		(724	)		2,523			119	%	NM				(2,425	)		1,799		NM
Total net investment income excluding trading securities	$	829		$	759		$	638		$	689		$	739			(11	%)		7	%	$	1,648		$	1,428			(13	%)
Annualized investment yield, before-tax [4]		5.3	%		4.8	%		3.8	%		3.9	%		4.3	%		(1.0	)		0.4			5.3	%		4.1	%		(1.2	)
Annualized investment yield, after-tax [4]		3.6	%		3.2	%		2.5	%		2.6	%		2.8	%		(0.8	)		0.2			3.5	%		2.7	%		(0.8	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	41		$	44		$	294		$	136		$	83			102	%		(39	%)	$	84		$	219			161	%
Gross losses on sale		(45	)		(89	)		(155	)		(389	)		(148	)	NM				62	%		(155	)		(537	)	NM
Impairments [5]		(124	)		(1,760	)		(309	)		(185	)		(266	)		(115	%)		(44	%)		(355	)		(451	)		(27	%)
Japanese fixed annuity contract hedges, net [6]		(9	)		36			51			41			(6	)		33	%	NM				(23	)		35		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(11	)		(8	)		(9	)		(16	)		(9	)		18	%		44	%		(18	)		(25	)		(39	%)
SFAS 157 transition impact		—			—			—			—			—			—			—			(650	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [8]		(13	)		(133	)		(457	)		589			671		NM				14	%		(123	)		1,260		NM
Macro hedge		(4	)		24			45			204			(568	)	NM			NM				5			(364	)	NM
Total results of variable annuity hedge program		(17	)		(109	)		(412	)		793			103		NM				(87	%)		(118	)		896		NM
Other net gain (loss) [9]		(63	)		(126	)		(138	)		(15	)		(86	)		(37	%)	NM				(213	)		(101	)		53	%
Total net realized capital gains (losses)	$	(228	)	$	(2,012	)	$	(678	)	$	365		$	(329	)		(44	%)	NM			$	(1,448	)	$	36		NM

[1]	Includes income on short-term bonds.
[2]	Includes income on a real estate joint venture.
[3]	Primarily represents income from derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using net investment income (excluding income related to equity securities, trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.
[5]	Effective with the adoption of FSP FAS 115-2 for the interim reporting period ending on June 30, 2009, represents credit impairments and impairments associated with securities which the Company intends to sell and equity securities.
[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 gain on GMWB derivatives for the three and six months ended June 30, 2009 was primarily due to a decline in equity volatility levels, an increase in interest rates and liability model assumption updates for withdrawals, lapses, and credit standing.
[9]	Primarily consists of changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, valuation allowances for impaired mortgage loans and other investment gains and losses.

I-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]	$	248		$	255		$	225		$	209		$	207			(17	%)		(1	%)	$	509		$	416			(18	%)
Taxable
Tax-exempt		109			109			101			95			99			(9	%)		4	%		219			194			(11	%)
Total fixed maturities		357			364			326			304			306			(14	%)		1	%		728			610			(16	%)
Equity securities, available-for-sale		19			17			12			11			8			(58	%)		(27	%)		39			19			(51	%)
Mortgage loans		9			11			10			9			9			—			—			19			18			(5	%)
Limited partnerships and other alternative investments [2]		16			(42	)		(167	)		(94	)		(42	)	NM				55	%		(3	)		(136	)	NM
Other [3]		(3	)		(8	)		(13	)		1			6		NM			NM				(15	)		7		NM
Subtotal		398			342			168			231			287			(28	%)		24	%		768			518			(33	%)
Less: Investment expense		7			7			6			6			7			—			17	%		12			13			8	%
Total net investment income (loss)	$	391		$	335		$	162		$	225		$	280			(28	%)		24	%	$	756		$	505			(33	%)
Annualized investment yield, before-tax [4]		5.3	%		4.6	%		2.4	%		3.4	%		4.2	%		(1.1	)		0.8			5.1	%		3.8	%		(1.3	)
Annualized investment yield, after-tax [4]		3.9	%		3.4	%		1.6	%		2.6	%		3.3	%		(0.6	)		0.7			3.8	%		3.0	%		(0.8	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	31		$	12		$	85		$	71		$	74			139	%		4	%	$	83		$	145			75	%
Gross losses on sale		(13	)		(82	)		(253	)		(330	)		(40	)	NM				88	%		(113	)		(370	)	NM
Impairments [5]		(40	)		(1,312	)		(108	)		(36	)		(48	)		(20	%)		(33	%)		(113	)		(84	)		26	%
Periodic net coupon settlements on credit derivatives [6]		1			2			(3	)		(3	)		(4	)	NM				(33	%)		3			(7	)	NM
Other net gain (loss) [7]		(30	)		(48	)		33			(25	)		(60	)		(100	%)		(140	%)		(63	)		(85	)		(35	%)
Total net realized capital gains (losses)	$	(51	)	$	(1,428	)	$	(246	)	$	(323	)	$	(78	)		(53	%)		76	%	$	(203	)	$	(401	)		(98	%)

[1]	Includes income on short-term bonds.
[2]	Includes income on hedge fund investments outside of limited partnerships and a real estate joint venture.
[3]	Primarily represents income from derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using net investment income divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding collateral received associated with the securities lending program.
[5]	Effective with the adoption of FSP FAS 115-2 for the interim reporting period ending on June 30, 2009, represents credit impairments and impairments associated with securities which the Company intends to sell and equity securities.
[6]	Included in core earnings.
[7]	Primarily consists of changes in fair value on non-qualifying derivatives, valuation allowances for impaired mortgage loans and other investment gains and losses.

I-3

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2008			2008			2008			2009			2009			Change			Change			2008			2009			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	9		$	8		$	9		$	4		$	1			(89	%)		(75	%)	$	17		$	5			(71	%)
Total fixed maturities		9			8			9			4			1			(89	%)		(75	%)		17			5			(71	%)
Equity securities, available-for-sale		1			—			1			1			1			—			—			2			2			—
Other		—			1			(1	)		1			—			—			(100	%)		—			1			—
Total net investment income	$	10		$	9		$	9		$	6		$	2			(80	%)		(67	%)		19		$	8			(58	%)
Net Realized Capital Gains (Losses)
Gross gains on sale		1			2			2			1			—			(100	%)		(100	%)		1			1			—
Gross losses on sale		(1	)		(4	)		(3	)		(1	)		(1	)		—			—			(2	)		(2	)		—
Impairments [2]		—			(5	)		(2	)		(3	)		—			—			100	%		—			(3	)		—
Other net gain (loss) [3]		(3	)		(2	)		111			45			(273	)	NM			NM				(1	)		(228	)	NM
Total net realized capital gains (losses)	$	(3	)	$	(9	)	$	108		$	42		$	(274	)	NM			NM			$	(2	)	$	(232	)	NM

[1]	Includes income on short-term bonds.
[2]	Effective with the adoption of FSP FAS 115-2 for the interim reporting period ending on June 30, 2009, represents credit impairments and impairments associated with securities which the Company intends to sell and equity securities.
[3]	For the three months ended December 31, 2008 and March 31, 2009, primarily consists of change in fair value of warrants associated with the Allianz transaction and for the three months ended June 30, 2009, change in fair value primarily consists of approximately $300 of losses related to Allianz contingent obligations.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
THREE MONTHS ENDED JUNE 30, 2009 AND 2008

	Life									P&C									Corporate								Consolidated
	2008			2009			Change			2008			2009			Change			2008			2009			Change		2008			2009			Change
Gains/losses on sales, net		4			(78	)	NM				12			22			83	%		—			—			—		16			(56	)	NM
Impairments		(62	)		(176	)		(184	%)		(26	)		(31	)		(19	%)		—			—			—		(88	)		(207	)		(135	%)
Japanese fixed annuity contract hedges, net		(6	)		(4	)		33	%		—			—			—			—			—			—		(6	)		(4	)		33	%
Periodic net coupon settlements on credit derivatives/Japan		(7	)		(7	)		—			1			(3	)	NM				—			—			—		(6	)		(10	)		(67	%)
Results of variable annuity hedge program
GMWB derivatives, net		(6	)		323		NM				—			—			—			—			—			—		(6	)		323		NM
Macro hedge		—			(333	)		—			—			—			—			—			—			—		—			(333	)		—
Total results of variable annuity hedge program		(6	)		(10	)		(67	%)		—			—			—			—			—			—		(6	)		(10	)		(67	%)
Other net gain (loss)		(43	)		(52	)		(21	%)		(20	)		(29	)		(45	%)		(3	)		(281	)	NM			(66	)		(362	)	NM
Total net realized capital gains (losses)	$	(120	)	$	(327	)		(173	%)	$	(33	)	$	(41	)		(24	%)	$	(3	)	$	(281	)	NM		$	(156	)	$	(649	)	NM

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
SIX MONTHS ENDED JUNE 30, 2009 AND 2008

	Life									P&C									Corporate									Consolidated
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Gains/losses on sales, net		(40	)		(207	)	NM				(20	)		(147	)	NM				(1	)		—			100	%		(61	)		(354	)	NM
Impairments		(206	)		(291	)		(41	%)		(73	)		(55	)		25	%		—			(2	)		—			(279	)		(348	)		(25	%)
Japanese fixed annuity contract hedges, net		(15	)		23		NM				—			—			—			—			—			—			(15	)		23		NM
Periodic net coupon settlements on credit derivatives/Japan		(12	)		(17	)		(42	%)		2			(5	)	NM				—			—			—			(10	)		(22	)		(120	%)
SFAS 157 transition impact		(220	)					100	%		—			—			—			—			—			—			(220	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net		(47	)		557		NM				—			—			—			—			—			—			(47	)		557		NM
Macro hedge		—			(228	)		—			—			—			—			—			—			—			—			(228	)		—
Total results of variable annuity hedge program		(47	)		329		NM				—			—			—			—			—			—			(47	)		329		NM
Other net gain (loss)		(130	)		(51	)		61	%		(41	)		(45	)		(10	%)		(1	)		(227	)	NM				(172	)		(323	)		(88	%)
Total net realized capital gains (losses)	$	(670	)	$	(214	)		68	%	$	(132	)	$	(252	)		(91	%)	$	(2	)	$	(229	)	NM			$	(804	)	$	(695	)		14	%

I-6

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2008					2008					2008					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	75,068		57.1	%	$	70,091		56.8	%	$	65,112		54.2	%	$	62,563		53.8	%	$	64,868		53.5	%
Equity securities, trading, at fair value [1]		36,853		28.0	%		33,655		27.3	%		30,820		25.7	%		27,813		23.9	%		30,813		25.4	%
Equity securities, available-for-sale, at fair value		2,619		2.0	%		1,730		1.4	%		1,458		1.2	%		1,080		0.9	%		1,308		1.1	%
Mortgage loans on real estate		5,882		4.5	%		6,222		5.0	%		6,469		5.4	%		6,389		5.5	%		6,522		5.4	%
Policy loans, at outstanding balance		2,146		1.6	%		2,159		1.7	%		2,208		1.8	%		2,197		1.9	%		2,204		1.8	%
Limited partnerships and other alternative investments [2]		2,805		2.1	%		2,817		2.3	%		2,295		1.9	%		1,981		1.7	%		1,838		1.5	%
Other investments [3]		993		0.8	%		1,410		1.2	%		1,723		1.4	%		3,121		2.7	%		1,107		0.9	%
Short-term investments		5,127		3.9	%		5,353		4.3	%		10,022		8.4	%		11,189		9.6	%		12,701		10.4	%
Total investments	$	131,493		100.0	%	$	123,437		100.0	%	$	120,107		100.0	%	$	116,333		100.0	%	$	121,361		100.0	%
Less: Equity securities, trading		36,853		28.0	%		33,655		27.3	%		30,820		25.7	%		27,813		23.9	%		30,813		25.4	%
Total investments excluding trading securities	$	94,640		72.0	%	$	89,782		72.7	%	$	89,287		74.3	%	$	88,520		76.1	%	$	90,548		74.6	%
HIMCO managed third party accounts	$	9,216				$	9,058				$	7,742				$	7,552				$	7,685
Asset-backed securities (“ABS”)	$	3,285		4.4	%	$	3,132		4.5	%	$	2,466		3.8	%	$	2,273		3.6	%	$	2,450		3.8	%
Collateralized debt obligations (“CDOs”)		4,132		5.5	%		3,390		4.8	%		2,612		4.0	%		2,423		3.9	%		2,563		4.0	%
Commercial mortgage-backed securities (“CMBS”)		12,647		16.9	%		11,385		16.3	%		8,313		12.8	%		7,948		12.7	%		8,290		12.8	%
Corporate		34,381		45.7	%		31,532		45.0	%		27,181		41.7	%		27,351		43.7	%		30,835		47.5	%
Government/Government agencies — Foreign		979		1.3	%		875		1.2	%		2,821		4.3	%		853		1.4	%		1,031		1.6	%
Government/Government agencies — U.S.		1,383		1.8	%		1,852		2.6	%		5,956		9.2	%		5,690		9.1	%		4,240		6.5	%
Municipal — taxable		1,017		1.4	%		1,029		1.5	%		894		1.4	%		895		1.4	%		893		1.4	%
Municipal — tax-exempt		11,400		15.2	%		10,940		15.6	%		9,761		15.0	%		10,358		16.6	%		10,060		15.5	%
Residential mortgage-backed securities (“RMBS”)		5,844		7.8	%		5,956		8.5	%		5,108		7.8	%		4,772		7.6	%		4,506		6.9	%
Total fixed maturities	$	75,068		100.0	%	$	70,091		100.0	%	$	65,112		100.0	%	$	62,563		100.0	%	$	64,868		100.0	%
Government/Government agencies — U.S.	$	5,005		6.7	%	$	5,785		8.3	%	$	9,568		14.7	%	$	9,306		14.9	%	$	7,801		12.0	%
AAA		19,238		25.6	%		17,613		25.1	%		13,489		20.7	%		13,297		21.2	%		11,797		18.2	%
AA		13,717		18.3	%		12,410		17.7	%		11,646		17.9	%		9,806		15.7	%		11,044		17.0	%
A		18,344		24.4	%		17,069		24.3	%		15,831		24.4	%		15,238		24.4	%		16,985		26.2	%
BBB		14,909		19.9	%		13,794		19.7	%		12,794		19.6	%		12,902		20.6	%		14,687		22.7	%
BB & below		3,855		5.1	%		3,420		4.9	%		1,784		2.7	%		2,014		3.2	%		2,554		3.9	%
Total fixed maturities	$	75,068		100.0	%	$	70,091		100.0	%	$	65,112		100.0	%	$	62,563		100.0	%	$	64,868		100.0	%

[1]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[2]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily relates to derivative instruments.

I-7

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2008					2008					2008					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	49,683		49.7	%	$	46,292		48.7	%	$	45,182		48.0	%	$	42,428		46.6	%	$	43,980		47.6	%
Equity securities, trading, at fair value [1]		36,853		36.8	%		33,655		35.4	%		30,820		32.7	%		27,813		30.6	%		30,813		33.4	%
Equity securities, available-for-sale, at fair value		1,194		1.2	%		908		1.0	%		711		0.8	%		525		0.6	%		642		0.7	%
Mortgage loans on real estate		5,135		5.1	%		5,460		5.7	%		5,684		6.0	%		5,633		6.2	%		5,503		6.0	%
Policy loans, at outstanding balance		2,146		2.1	%		2,159		2.3	%		2,208		2.3	%		2,197		2.4	%		2,204		2.4	%
Limited partnerships and other alternative investments [2]		1,407		1.4	%		1,410		1.5	%		1,129		1.2	%		955		1.0	%		875		0.9	%
Other investments [3]		894		0.9	%		1,308		1.4	%		1,473		1.6	%		2,909		3.2	%		954		1.0	%
Short-term investments [4]		2,756		2.8	%		3,793		4.0	%		6,937		7.4	%		8,580		9.4	%		7,365		8.0	%
Total investments	$	100,068		100.0	%	$	94,985		100.0	%	$	94,144		100.0	%	$	91,040		100.0	%	$	92,336		100.0	%
Less: Equity securities, trading		36,853		36.8	%		33,655		35.4	%		30,820		32.7	%		27,813		30.6	%		30,813		33.4	%
Total investments excluding trading securities	$	63,215		63.2	%	$	61,330		64.6	%	$	63,324		67.3	%	$	63,227		69.4	%	$	61,523		66.6	%
ABS	$	2,851		5.7	%	$	2,721		5.9	%	$	2,167		4.8	%	$	1,997		4.8	%	$	2,154		4.9	%
CDOs		3,306		6.6	%		2,689		5.8	%		2,139		4.7	%		1,981		4.7	%		2,094		4.8	%
CMBS		8,809		17.7	%		7,884		17.0	%		5,844		13.0	%		5,525		13.0	%		5,697		12.9	%
Corporate		25,131		50.6	%		23,292		50.3	%		20,630		45.6	%		20,878		49.2	%		23,537		53.5	%
Government/Government agencies — Foreign		537		1.1	%		493		1.1	%		2,236		4.9	%		482		1.1	%		608		1.4	%
Government/Government agencies — U.S.		1,048		2.1	%		1,466		3.2	%		5,156		11.4	%		4,934		11.6	%		3,506		8.0	%
Municipal — taxable		883		1.8	%		890		1.9	%		758		1.7	%		760		1.8	%		757		1.7	%
Municipal — tax-exempt		2,511		5.1	%		2,353		5.1	%		2,336		5.2	%		2,379		5.6	%		2,348		5.3	%
RMBS		4,607		9.3	%		4,504		9.7	%		3,916		8.7	%		3,492		8.2	%		3,279		7.5	%
Total fixed maturities	$	49,683		100.0	%	$	46,292		100.0	%	$	45,182		100.0	%	$	42,428		100.0	%	$	43,980		100.0	%
Government/Government agencies — U.S.	$	3,533		7.1	%	$	4,036		8.7	%	$	7,614		16.9	%	$	7,245		17.1	%	$	5,795		13.2	%
AAA		12,386		24.9	%		11,242		24.3	%		8,533		18.8	%		8,168		19.2	%		7,818		17.8	%
AA		7,479		15.1	%		6,663		14.4	%		7,231		16.0	%		5,350		12.6	%		5,805		13.2	%
A		12,926		26.0	%		11,992		25.9	%		11,018		24.4	%		10,595		25.0	%		11,686		26.6	%
BBB		11,014		22.2	%		10,245		22.1	%		9,401		20.8	%		9,469		22.3	%		10,841		24.6	%
BB & below		2,345		4.7	%		2,114		4.6	%		1,385		3.1	%		1,601		3.8	%		2,035		4.6	%
Total fixed maturities	$	49,683		100.0	%	$	46,292		100.0	%	$	45,182		100.0	%	$	42,428		100.0	%	$	43,980		100.0	%

[1]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[2]	Includes a real estate joint venture.
[3]	Primarily relates to derivative instruments.
[4]	Includes approximately $500 as of June 30, 2009 of funds contributed to Life after Corporate initially received $3.4 billion from the U.S. Department of Treasury’s Capital Purchase Program.

I-8

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2008					2008					2008					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	25,234		84.6	%	$	23,727		86.2	%	$	19,775		81.7	%	$	20,040		84.5	%	$	20,773		84.3	%
Equity securities, available-for-sale, at fair value		1,327		4.4	%		741		2.7	%		674		2.8	%		482		2.0	%		586		2.4	%
Mortgage loans on real estate		747		2.5	%		762		2.8	%		785		3.2	%		756		3.2	%		731		3.0	%
Limited partnerships and other alternative investments [1]		1,398		4.7	%		1,407		5.1	%		1,166		4.8	%		1,026		4.3	%		963		3.9	%
Other investments [2]		58		0.2	%		62		0.2	%		207		0.9	%		173		0.7	%		114		0.5	%
Short-term investments		1,073		3.6	%		827		3.0	%		1,597		6.6	%		1,266		5.3	%		1,459		5.9	%
Total investments	$	29,837		100.0	%	$	27,526		100.0	%	$	24,204		100.0	%	$	23,743		100.0	%	$	24,626		100.0	%
ABS	$	434		1.7	%	$	411		1.7	%	$	299		1.5	%	$	276		1.3	%	$	296		1.4	%
CDOs		826		3.3	%		701		2.9	%		473		2.4	%		442		2.2	%		468		2.3	%
CMBS		3,838		15.3	%		3,501		14.8	%		2,469		12.5	%		2,423		12.1	%		2,593		12.5	%
Corporate		9,099		36.0	%		8,168		34.5	%		6,396		32.3	%		6,382		31.9	%		7,215		34.7	%
Government/Government agencies — Foreign		442		1.8	%		382		1.6	%		585		3.0	%		367		1.8	%		417		2.0	%
Government/Government agencies — U.S.		335		1.3	%		386		1.6	%		800		4.0	%		756		3.8	%		730		3.5	%
Municipal — taxable		134		0.5	%		139		0.6	%		136		0.7	%		135		0.7	%		136		0.7	%
Municipal — tax-exempt		8,889		35.2	%		8,587		36.2	%		7,425		37.5	%		7,979		39.8	%		7,706		37.1	%
RMBS		1,237		4.9	%		1,452		6.1	%		1,192		6.1	%		1,280		6.4	%		1,212		5.8	%
Total fixed maturities	$	25,234		100.0	%	$	23,727		100.0	%	$	19,775		100.0	%	$	20,040		100.0	%	$	20,773		100.0	%
Government/Government agencies — U.S.	$	1,472		5.8	%	$	1,749		7.4	%	$	1,954		9.9	%	$	2,061		10.3	%	$	1,989		9.6	%
AAA		6,844		27.2	%		6,366		26.8	%		4,939		25.0	%		5,114		25.5	%		3,963		19.1	%
AA		6,144		24.3	%		5,701		24.0	%		4,346		22.0	%		4,411		22.0	%		5,198		25.0	%
A		5,374		21.3	%		5,057		21.3	%		4,747		24.0	%		4,608		23.0	%		5,264		25.3	%
BBB		3,890		15.4	%		3,548		15.0	%		3,390		17.1	%		3,433		17.1	%		3,842		18.5	%
BB & below		1,510		6.0	%		1,306		5.5	%		399		2.0	%		413		2.1	%		517		2.5	%
Total fixed maturities	$	25,234		100.0	%	$	23,727		100.0	%	$	19,775		100.0	%	$	20,040		100.0	%	$	20,773		100.0	%

[1]	Includes hedge fund investments outside of limited partnerships and a real estate joint venture.
[2]	Primarily relates to derivative instruments.

I-9

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2008					2008					2008					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	151		9.5	%	$	72		7.8	%	$	155		8.8	%	$	95		6.1	%	$	115		2.6	%
Equity securities, available-for-sale, at fair value		98		6.2	%		81		8.7	%		73		4.2	%		73		4.7	%		80		1.8	%
Mortgage loans on real estate [2]		—		—			—		—			—		—			—		—			288		6.6	%
Other investments [3]		41		2.6	%		40		4.3	%		43		2.4	%		39		2.5	%		39		0.9	%
Short-term investments [4]		1,298		81.7	%		733		79.2	%		1,488		84.6	%		1,343		86.7	%		3,877		88.1	%
Total investments	$	1,588		100.0	%	$	926		100.0	%	$	1,759		100.0	%	$	1,550		100.0	%	$	4,399		100.0	%
CDOs		—		—			—		—			—		—			—		—			1		0.9	%
Corporate		151		100.0	%		72		100.0	%		155		100.0	%		91		95.8	%		83		72.2	%
Government/Government agencies — Foreign		—		—			—		—			—		—			4		4.2	%		6		5.2	%
Government/Government agencies — U.S.		—		—			—		—			—		—			—		—			4		3.5	%
Municipal — tax-exempt		—		—			—		—			—		—			—		—			6		5.2	%
RMBS		—		—			—		—			—		—			—		—			15		13.0	%
Total fixed maturities	$	151		100.0	%	$	72		100.0	%	$	155		100.0	%	$	95		100.0	%	$	115		100.0	%
Government/Government agencies — U.S.		—		—			—		—			—		—			—		—			17		14.8	%
AAA		8		5.3	%		5		6.9	%		17		11.0	%		15		15.8	%		16		13.9	%
AA		94		62.3	%		46		63.9	%		69		44.5	%		45		47.4	%		41		35.7	%
A		44		29.1	%		20		27.8	%		66		42.6	%		35		36.8	%		35		30.4	%
BBB		5		3.3	%		1		1.4	%		3		1.9	%		—		—			4		3.5	%
BB & below		—		—			—		—			—		—			—		—			2		1.7	%
Total fixed maturities	$	151		100.0	%	$	72		100.0	%	$	155		100.0	%	$	95		100.0	%	$	115		100.0	%

[1]	Includes $126, $51, $149, $95 and $83 as of June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $27 as of June 30, 2009 acquired through the purchase of Federal Trust Corporation.
[2]	Includes $288 as of June 30, 2009 acquired through the purchase of Federal Trust Corporation.
[3]	Relates to a put option agreement for the Company’s contingent capital facility.
[4]	Includes $1,261, $692, $1,484, $1,335 and $3,598 as of June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively, which were investments held by The Hartford Financial Services Group, Inc. For the three months ended June 30, 2009, the increase is attributable to the receipt of $3.4 billion from the U.S. Department of Treasury’s Capital Purchase Program, of which $500 was contributed to Life and $185 was contributed to Federal Trust Corporation. Also, includes $211 as of June 30, 2009 acquired through the purchase of Federal Trust Corporation.

I-10

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

	June 30, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost [2]		Value		Loss [2] [3]			Cost		Value		Loss
Total AFS [4] Securities
Three months or less	$	7,722	$	6,604	$	(1,118	)	$	16,425	$	14,992	$	(1,433	)
Greater than three months to six months		4,007		3,052		(955	)		6,533		5,247		(1,286	)
Greater than six months to nine months		4,585		3,628		(957	)		7,053		5,873		(1,180	)
Greater than nine months to twelve months		4,115		3,509		(606	)		6,459		4,957		(1,502	)
Greater than twelve months	��	32,525		23,250		(9,275	)		25,279		16,071		(9,208	)
Total	$	52,954	$	40,043	$	(12,911	)	$	61,749	$	47,140	$	(14,609	)
BIG [5] and Equity AFS [4] Securities
Three months or less	$	805	$	551	$	(254	)	$	1,106	$	852	$	(254	)
Greater than three months to six months		232		107		(125	)		307		214		(93	)
Greater than six months to nine months		1,064		685		(379	)		349		260		(89	)
Greater than nine months to twelve months		325		260		(65	)		204		145		(59	)
Greater than twelve months [6]		2,705		1,325		(1,380	)		1,044		609		(435	)
Total	$	5,131	$	2,928	$	(2,203	)	$	3,010	$	2,080	$	(930	)

[1]	Includes investments held in Corporate.
[2]	Includes the cumulative effect adjustment of $1.4 billion as a result of the adoption of FSP FAS 115-2.
[3]	As of June 30, 2009, fixed maturities represented $12,468, or 97%, of the Company’s total unrealized loss on available-for-sale securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2009 and December 31, 2008.
[4]	Represents available-for-sale (“AFS”) securities.
[5]	Represents below investment grade (“BIG”) securities.
[6]	Since December 31, 2008, the increase was primarily attributable to rating agency downgrades.

I-11

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

	June 30, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost [1]		Value		Loss [1] [2]			Cost		Value		Loss
Total AFS Securities
Three months or less	$	4,120	$	3,632	$	(488	)	$	12,857	$	11,776	$	(1,081	)
Greater than three months to six months		3,531		2,632		(899	)		4,100		3,235		(865	)
Greater than six months to nine months		3,778		3,006		(772	)		5,292		4,356		(936	)
Greater than nine months to twelve months		2,695		2,330		(365	)		3,503		2,504		(999	)
Greater than twelve months		22,612		15,233		(7,379	)		18,034		11,149		(6,885	)
Total	$	36,736	$	26,833	$	(9,903	)	$	43,786	$	33,020	$	(10,766	)
BIG and Equity AFS Securities
Three months or less	$	471	$	338	$	(133	)	$	749	$	564	$	(185	)
Greater than three months to six months		171		72		(99	)		218		144		(74	)
Greater than six months to nine months		779		502		(277	)		238		164		(74	)
Greater than nine months to twelve months		238		191		(47	)		148		105		(43	)
Greater than twelve months [3]		2,279		1,034		(1,245	)		757		413		(344	)
Total	$	3,938	$	2,137	$	(1,801	)	$	2,110	$	1,390	$	(720	)

[1]	Includes the cumulative effect adjustment of approximately $900 as a result of the adoption of FSP FAS 115-2.
[2]	As of June 30, 2009, fixed maturities represented $9,638, or 97%, of the Company’s total unrealized loss on available-for-sale securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2009 and December 31, 2008.
[3]	Since December 31, 2008, the increase was primarily attributable to rating agency downgrades.

I-12

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

	June 30, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost [1]		Value		Loss [1] [2]			Cost		Value		Loss
Total AFS Securities
Three months or less	$	3,601	$	2,971	$	(630	)	$	3,541	$	3,191	$	(350	)
Greater than three months to six months		475		420		(55	)		2,396		1,980		(416	)
Greater than six months to nine months		805		621		(184	)		1,757		1,513		(244	)
Greater than nine months to twelve months		1,373		1,134		(239	)		2,953		2,451		(502	)
Greater than twelve months		9,905		8,010		(1,895	)		7,243		4,920		(2,323	)
Total	$	16,159	$	13,156	$	(3,003	)	$	17,890	$	14,055	$	(3,835	)
BIG and Equity AFS Securities
Three months or less	$	333	$	212	$	(121	)	$	330	$	263	$	(67	)
Greater than three months to six months		60		35		(25	)		52		38		(14	)
Greater than six months to nine months		283		182		(101	)		107		92		(15	)
Greater than nine months to twelve months		40		24		(16	)		53		38		(15	)
Greater than twelve months [3]		418		284		(134	)		285		194		(91	)
Total	$	1,134	$	737	$	(397	)	$	827	$	625	$	(202	)

[1]	Includes the cumulative effect adjustment of approximately $500 as a result of the adoption of FSP FAS 115-2.
[2]	As of June 30, 2009, fixed maturities represented $2,830, or 94%, of the Company’s total unrealized loss on available-for-sale securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2009 and December 31, 2008.
[3]	Since December 31, 2008, the increase is primarily attributable to rating agency downgrades.

I-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF JUNE 30, 2009

					��
	LIFE								P&C								CONSOLIDATED [1]
					Percent of								Percent of								Percent of
	Cost or				Total				Cost or				Total				Cost or				Total
	Amortized		Fair		Invested				Amortized		Fair		Invested				Amortized		Fair		Invested
	Cost		Value		Assets [2]				Cost		Value		Assets [2]				Cost		Value		Assets [2]
TOP TEN EXPOSURES BY SECTOR [3]
Financial services	$	6,380	$	4,927		8.0	%	Financial services	$	2,519	$	1,926		7.8	%	Financial services	$	8,960	$	6,914		7.6	%
Utilities		4,027		3,928		6.4	%	Utilities		1,400		1,324		5.4	%	Utilities		5,428		5,253		5.8	%
Consumer non-cyclical		3,393		3,425		5.6	%	Consumer non-cyclical		1,045		1,048		4.3	%	Consumer non-cyclical		4,446		4,481		4.9	%
Technology and communications		3,016		2,957		4.8	%	Technology and communications		959		925		3.8	%	Technology and communications		3,979		3,886		4.3	%
Energy		1,970		1,990		3.2	%	Basic industry		497		655		2.7	%	Basic industry		2,615		2,665		3.0	%
Basic industry		2,039		1,930		3.2	%	Capital goods		600		569		2.3	%	Capital goods		2,599		2,459		2.7	%
Capital goods		1,997		1,888		3.1	%	Energy		462		467		1.8	%	Energy		2,432		2,457		2.7	%
Consumer cyclical		1,807		1,679		2.7	%	Consumer cyclical		483		449		1.9	%	Consumer cyclical		2,293		2,131		2.4	%
Other		1,223		1,009		1.6	%	Other		393		349		1.4	%	Other		1,620		1,362		1.5	%
Transportation		506		446		0.7	%	Transportation		94		89		0.3	%	Transportation		600		535		0.6	%
Total	$	26,358	$	24,179		39.3	%	Total	$	8,452	$	7,801		31.7	%	Total	$	34,972	$	32,143		35.5	%
TOP TEN EXPOSURES BY ISSUER [4]
Bank of America Corp.	$	441	$	283		0.5	%	State of Georgia	$	203	$	211		0.9	%	JPMorgan Chase & Co.	$	494	$	411		0.5	%
JPMorgan Chase & Co.		355		280		0.4	%	Insurance Services Office, Inc.		—		179		0.7	%	Wells Fargo & Co.		447		347		0.4	%
Wells Fargo & Co.		352		265		0.4	%	State of California		186		164		0.7	%	General Electric Co.		437		339		0.4	%
General Electric Co.		325		254		0.4	%	New York, NY		159		161		0.7	%	Bank of America Corp.		496		331		0.4	%
Credit Suisse Group AG		275		227		0.4	%	State of Louisiana		141		143		0.6	%	State of California		316		287		0.3	%
AT&T Inc.		220		213		0.3	%	State of Illinois		135		135		0.5	%	AT&T Inc.		287		280		0.3	%
Verizon Communication Inc.		172		174		0.3	%	JPMorgan Chase & Co.		134		126		0.5	%	Credit Suisse Group AG		295		244		0.3	%
ConocoPhilips		163		173		0.3	%	State of Massachusetts		102		108		0.4	%	Verizon Communication Inc.		230		232		0.3	%
Vodafone Group PLC		173		171		0.3	%	State of Mississippi		99		103		0.4	%	State of Massachusetts		217		229		0.2	%
Citigroup Inc.		237		168		0.3	%	Government of Japan		100		102		0.4	%	Berkshire Hathaway Inc.		213		223		0.1	%
Total	$	2,713	$	2,208		3.6	%	Total	$	1,259	$	1,432		5.8	%	Total	$	3,432	$	2,923		3.2	%

[1]	Includes investments held in Corporate.
[2]	Excludes equity securities, trading.
[3]	Includes corporate fixed maturities and equity securities, available-for-sale.
[4]	Excludes U.S. government and government agency securities, mortgage obligations issued by government sponsored agencies, cash equivalent securities, exposures resulting from derivative transactions and equities securities, trading.

I-14