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

Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

SEPTEMBER 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

JR (John) Reilly
Vice President
Investor Relations
Phone (860) 547-9140

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

As of November 3, 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 on Form 10-K and Quarterly Reports on Form 10-Q.

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

Basis of Presentation	i, ii, iii
CONSOLIDATED
Consolidated Financial Results		C-1
Operating Results by Segment		C-2
Analysis of Operating Results by Segment		C-2a
Consolidating Statements of Operations
Three Months Ended September 30, 2008 and 2009		C-3
Nine Months Ended September 30, 2008 and 2009		C-4
Consolidating Balance Sheets
As of December 31, 2008 and September 30, 2009		C-5
Capital Structure		C-6
Accumulated Other Comprehensive Loss		C-7
Computation of Basic and Diluted Earnings (Losses) Per Common Share		C-8
Analysis of Net Realized Capital Gains (Losses) After-tax and DAC
Three Months Ended September 30, 2008 and 2009		C-9
Nine Months Ended September 30, 2008 and 2009		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 September 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 September 30, 2009	PC-4
Nine Months Ended September 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 Environmental Reserves	PC-15
Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-16
Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
Three Months Ended September 30, 2009	PC-17
Nine Months Ended September 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 and Nine Months Ended September 30, 2009 and 2008		I-5
Composition of Invested Assets
Consolidated		I-6
Life		I-7
Property & Casualty		I-8
Corporate		I-9
Unrealized Loss Aging
Consolidated		I-10
Life		I-11
Property & Casualty		I-12
Invested Asset Exposures
As of September 30, 2009		I-13

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.

• Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.

• Certain reclassifications have been made to the prior periods to conform to the September 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 common share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) common stockholders’ equity excluding AOCI, net of tax, by (b) common shares outstanding plus assumed conversion of preferred shares to common. The Hartford provides book value per common share excluding AOCI to enable investors to analyze the amount of the Company’s net worth that is primarily attributable to the Company’s business operations. The Hartford believes book value per common share excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per common share is the most directly comparable GAAP measure. A reconciliation of book value per common share to book value per common share excluding AOCI for the periods presented herein is set forth at page C-1.

• The Hartford provides different measures of the return on common equity (“ROE”) of the Company. ROE (core earnings last twelve months to common equity excluding AOCI), is calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to common equity excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average common stockholders’ equity excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non-GAAP core earnings financial measures for the reasons set forth in the related discussion above. The Hartford excludes AOCI in the calculation of these return-on-equity measures to provide investors with a measure of how effectively the Company is investing the portion of the Company’s net worth that is primarily attributable to the Company’s business operations. ROE (net income last twelve months to common equity including AOCI) is the most directly comparable GAAP measure. A reconciliation of the non-GAAP return-on-equity measures for the periods presented herein to ROE (net income last twelve months to common equity including AOCI) is set forth at page C-11.

iii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
HIGHLIGHTS
Net income (loss)	$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)		92	%	NM			$	(1,943	)	$	(1,444	)		26	%
Core earnings (losses)	$	(422	)	$	(208	)	$	(1,175	)	$	622		$	660		NM				6	%	$	1,066		$	107			(90	%)
Total revenues [1]	$	(393	)	$	565		$	5,394		$	7,637		$	5,230		NM				(32	%)	$	8,654		$	18,261			111	%
Total assets	$	311,485		$	287,583		$	276,168		$	289,700		$	316,720			2	%		9	%
Total assets under management [2]	$	384,981		$	345,451		$	330,187		$	352,074		$	386,996			1	%		10	%
PER SHARE AND SHARES DATA [3]
Basic earnings per common share
Net income (loss) available to common shareholders	$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)		91	%	NM			$	(6.29	)	$	(4.52	)		28	%
Core earnings (losses) available to common shareholders	$	(1.40	)	$	(0.72	)	$	(3.66	)	$	1.90		$	1.68		NM				(12	%)	$	3.45		$	0.13			(96	%)
Diluted earnings (losses) per common share
Net income (loss) available to common shareholders	$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)		91	%	NM			$	(6.29	)	$	(4.52	)		28	%
Core earnings (losses) available to common shareholders	$	(1.40	)	$	(0.72	)	$	(3.66	)	$	1.90		$	1.56		NM				(18	%)	$	3.44		$	0.12			(96	%)
Weighted average common shares outstanding (basic)		301.1			300.2			320.8			325.4			356.1		55.0		sh	30.7		sh		308.8			334.1			25.3	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		302.1			320.9			321.5			326.6			382.5		80.4		sh	55.9		sh		310.3			343.6			33.3	sh
Common shares outstanding assuming conversion of outstanding convertible preferred shares to common		300.4			324.8			325.4			326.7			383.0		82.6		sh	56.3		sh		300.4			383.0			82.6	sh
Book value per common share	$	41.80		$	28.53		$	24.15		$	32.20		$	37.90			(9	%)		18	%
Per common share impact of AOCI	$	(13.83	)	$	(23.16	)	$	(23.98	)	$	(20.24	)	$	(8.40	)		39	%		58	%
Book value per common share (excluding AOCI)	$	55.63		$	51.69		$	48.13		$	52.44		$	46.30			(17	%)		(12	%)
Book value per diluted share													$	34.64
Common shares outstanding and dilutive potential common shares														419.1
FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [4]		(8.6	%)		(19.3	%)		(31.9	%)		(34.2	%)		(17.2	%)		(8.6	)		17.0
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [4]		10.5	%		4.7	%		(6.2	%)		(6.5	%)		(1.0	%)		(11.5	)		5.5
Debt to capitalization including AOCI		30.6	%		40.2	%		44.0	%		30.3	%		25.1	%		(5.5	)		(5.2	)
Annualized investment yield, after-tax		3.2	%		2.2	%		2.6	%		2.9	%		2.9	%		(0.3	)		—			3.5	%		2.8	%		(0.7	)
Ongoing Property & Casualty GAAP combined ratio		101.7			77.6			89.9			93.7			93.0			8.7			0.7			95.1			92.2			2.9

[1]	Total revenues of The Hartford are impacted by net investment income and mark-to-market effects of equity securities, trading, supporting the international variable annuity business, which have corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses. See 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 nine months ended September 30, 2008 and 2009.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-6).
[3]	See page C-8 for computation of basic and diluted earnings (losses) per common 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
LIFE
Retail Products Group
Individual Annuity	$	(552	)	$	(198	)	$	(924	)	$	307		$	313		NM				2	%	$	(189	)	$	(304	)		(61	%)
Other Retail		13			(2	)		1			5			11			(15	%)		120	%		40			17			(58	%)
Total Retail Products Group		(539	)		(200	)		(923	)		312			324		NM				4	%		(149	)		(287	)		(93	%)
Individual Life		8			26			—			43			28		NM				(35	%)		92			71			(23	%)
Total Individual Markets Group		(531	)		(174	)		(923	)		355			352		NM				(1	%)		(57	)		(216	)	NM
Group Benefits		100			90			66			41			85			(15	%)		107	%		255			192			(25	%)
Retirement Plans		(36	)		(3	)		(54	)		6			15		NM				150	%		14			(33	)	NM
Total Employer Markets Group		64			87			12			47			100			56	%		113	%		269			159			(41	%)
International Markets Group		(75	)		(110	)		(455	)		142			81		NM				(43	%)		56			(232	)	NM
Institutional Solutions Group		1			(40	)		(20	)		(5	)		(7	)	NM				(40	%)		50			(32	)	NM
Other [1]		—			(24	)		5			(46	)		(27	)	NM				41	%		(16	)		(68	)	NM
Total Life core earnings (losses) [1][2][3]		(541	)		(261	)		(1,381	)		493			499		NM				1	%		302			(389	)	NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results
Personal Lines		(45	)		202			75			(10	)		(11	)		76	%		(10	%)		78			54			(31	%)
Small Commercial		82			167			87			74			90			10	%		22	%		270			251			(7	%)
Middle Market		(37	)		148			69			56			61		NM				9	%		21			186		NM
Specialty Commercial		(44	)		58			23			36			30		NM				(17	%)		13			89		NM
Total Ongoing Operations underwriting results		(44	)		575			254			156			170		NM				9	%		382			580			52	%
Net servicing income		14			10			8			7			10			(29	%)		43	%		21			25			19	%
Net investment income		285			127			185			239			254			(11	%)		6	%		929			678			(27	%)
Periodic net coupon settlements on credit derivatives, before-tax		2			(3	)		(3	)		(4	)		(3	)	NM				25	%		5			(10	)	NM
Other expenses		(58	)		(39	)		(50	)		(48	)		(47	)		19	%		2	%		(180	)		(145	)		19	%
Income tax expense		(39	)		(236	)		(97	)		(87	)		(106	)		(172	%)		(22	%)		(316	)		(290	)		8	%
Ongoing Operations core earnings		160			434			297			263			278			74	%		6	%		841			838			—
Other Operations core earnings (losses) [4]		(4	)		18			24			(51	)		(32	)	NM				37	%		24			(59	)	NM
Total Property & Casualty core earnings		156			452			321			212			246			58	%		16	%		865			779			(10	%)
Total Corporate core losses [1][3]		(37	)		(399	)		(115	)		(83	)		(85	)		(130	%)		(2	%)		(101	)		(283	)		(180	%)
CONSOLIDATED
Core earnings (losses)		(422	)		(208	)		(1,175	)		622			660		NM				6	%		1,066			107			(90	%)
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [5]		(2,209	)		(598	)		(34	)		(637	)		(880	)		60	%		(38	%)		(3,009	)		(1,551	)		48	%
Net loss	$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)		92	%	NM			$	(1,943	)	$	(1,444	)		26	%
PER SHARE DATA [6]
Diluted earnings (losses) per common share
Core earnings (losses) available to common shareholders	$	(1.40	)	$	(0.72	)	$	(3.66	)	$	1.90		$	1.56		NM				(18	%)	$	3.44		$	0.12			(96	%)
Net income (loss) available to common shareholders	$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)		91	%	NM			$	(6.29	)	$	(4.52	)		28	%

[1]	Included in Life are the after-tax restructuring charges of $54 and $18 recorded in the three months ended June 30, 2009 and September 30, 2009, respectively. Also, included in Corporate is the after-tax restructuring charge of $4 recorded in the three months ended September 30, 2009.
[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 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 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. The three months ended September 30, 2009 included an environmental reserve increase of $49, 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 common share to core earnings (losses) per common 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
LIFE
Retail Products Group
Individual Annuity	$	169		$	(198	)	$	65		$	61		$	89			(47	%)		46	%	$	532		$	215			(60	%)
Other Retail		14			(2	)		1			5			11			(21	%)		120	%		41			17			(59	%)
Total Retail Products Group		183			(200	)		66			66			100			(45	%)		52	%		573			232			(60	%)
Individual Life		45			26			26			41			50			11	%		22	%		129			117			(9	%)
Total Individual Markets Group		228			(174	)		92			107			150			(34	%)		40	%		702			349			(50	%)
Group Benefits		100			90			66			41			85			(15	%)		107	%		255			192			(25	%)
Retirement Plans		12			(3	)		—			6			8			(33	%)		33	%		62			14			(77	%)
Total Employer Markets Group		112			87			66			47			93			(17	%)		98	%		317			206			(35	%)
International Markets Group		50			(110	)		(31	)		32			58			16	%		81	%		181			59			(67	%)
Institutional Solutions Group		1			(40	)		(20	)		(5	)		(6	)	NM				(20	%)		50			(31	)	NM
Other [1]		—			(24	)		5			(46	)		(27	)	NM				41	%		(16	)		(68	)	NM
Total Life core earnings (losses) excluding DAC-unlock [1][2][3]		391			(261	)		112			135			268			(31	%)		99	%		1,234			515			(58	%)
DAC Unlock		(932	)		—			(1,493	)		358			231		NM				(35	%)		(932	)		(904	)		3	%
Total Life core earnings (losses) [1][2][3]		(541	)		(261	)		(1,381	)		493			499		NM				1	%		302			(389	)	NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		126			130			127			100			54			(57	%)		(46	%)		369			281			(24	%)
Small Commercial		93			157			98			107			90			(3	%)		(16	%)		321			295			(8	%)
Middle Market		12			79			27			42			15			25	%		(64	%)		75			84			12	%
Specialty Commercial		4			11			(1	)		(10	)		(9	)	NM				10	%		27			(20	)	NM
Total Ongoing Operations underwriting results before catastrophes and prior year development		235			377			251			239			150			(36	%)		(37	%)		792			640			(19	%)
Catastrophes, excluding prior year development [4]		(356	)		3			(65	)		(142	)		(115	)		68	%		19	%		(577	)		(322	)		44	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		11			6			(5	)		3			9			(18	%)	NM				23			7			(70	%)
Other loss and loss adjustment expenses		66			189			73			56			126			91	%		125	%		144			255			77	%
Total Ongoing Operations underwriting results		(44	)		575			254			156			170		NM				9	%		382			580			52	%
Net servicing income		14			10			8			7			10			(29	%)		43	%		21			25			19	%
Net investment income		285			127			185			239			254			(11	%)		6	%		929			678			(27	%)
Periodic net coupon settlements on credit derivatives, before-tax		2			(3	)		(3	)		(4	)		(3	)	NM				25	%		5			(10	)	NM
Other expenses		(58	)		(39	)		(50	)		(48	)		(47	)		19	%		2	%		(180	)		(145	)		19	%
Income tax expense		(39	)		(236	)		(97	)		(87	)		(106	)		(172	%)		(22	%)		(316	)		(290	)		8	%
Ongoing Operations core earnings		160			434			297			263			278			74	%		6	%		841			838			—
Other Operations core earnings (losses) [5]		(4	)		18			24			(51	)		(32	)	NM				37	%		24			(59	)	NM
Total Property & Casualty core earnings		156			452			321			212			246			58	%		16	%		865			779			(10	%)
CORPORATE
Total Corporate core losses [1][3]		(37	)		(399	)		(115	)		(83	)		(85	)		(130	%)		(2	%)		(101	)		(283	)		(180	%)
CONSOLIDATED
Core earnings (losses)		(422	)		(208	)		(1,175	)		622			660		NM				6	%		1,066			107			(90	%)
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [6]		(2,209	)		(598	)		(34	)		(637	)		(880	)		60	%		(38	%)		(3,009	)		(1,551	)		48	%
Net loss	$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)		92	%	NM			$	(1,943	)	$	(1,444	)		26	%

[1]	Included in Life are the after-tax restructuring charges of $54 and $18 recorded in the three months ended June 30, 2009 and September 30, 2009, respectively. Also, included in Corporate is the after-tax restructuring charge of $4 recorded in the three months ended September 30, 2009.
[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 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 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. The three months ended September 30, 2009 included an environmental reserve increase of $49, 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 SEPTEMBER 30, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	1,335		$	1,068			(20	%)	$	2,568		$	2,431			(5	%)	$	—		$	—			—		$	3,903		$	3,499			(10	%)
Fee income		1,329			1,136			(15	%)		—			—			—			4			4			—			1,333			1,140			(14	%)
Net investment income:
Securities available-for-sale and other		759			748			(1	%)		335			294			(12	%)		9			7			(22	%)		1,103			1,049			(5	%)
Equity securities, trading [1]		(3,415	)		638		NM				—			—			—			—			—			—			(3,415	)		638		NM
Total net investment income		(2,656	)		1,386		NM				335			294			(12	%)		9			7			(22	%)		(2,312	)		1,687		NM
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(1,760	)		(633	)		64	%		(1,312	)		(127	)		90	%		(5	)		—			100	%		(3,077	)		(760	)		75	%
OTTI losses recognized in other comprehensive income		—			180		NM				—			44		NM				—			—			—			—			224		NM
Net OTTI losses recognized in earnings		(1,760	)		(453	)		74	%		(1,312	)		(83	)		94	%		(5	)		—			100	%		(3,077	)		(536	)		83	%
Net realized capital losses, excluding OTTI losses recognized in earnings		(252	)		(673	)		(167	%)		(116	)		(7	)		94	%		(4	)		(3	)		25	%		(372	)		(683	)		(84	%)
Total net realized capital losses		(2,012	)		(1,126	)		44	%		(1,428	)		(90	)		94	%		(9	)		(3	)		67	%		(3,449	)		(1,219	)		65	%
Other revenues		—			—			—			132			123			(7	%)		—			—			—			132			123			(7	%)
Total revenues		(2,004	)		2,464		NM				1,607			2,758			72	%		4			8			100	%		(393	)		5,230		NM
Benefits, losses and loss adjustment expenses		2,045			1,421			(31	%)		1,949			1,649			(15	%)		���			—			—			3,994			3,070			(23	%)
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		(3,415	)		638		NM				—			—			—			—			—			—			(3,415	)		638		NM
Amortization of deferred policy acquisition costs and present value of future profits		1,404			172			(88	%)		523			515			(2	%)		—			—			—			1,927			687			(64	%)
Insurance operating costs and expenses		828			760			(8	%)		201			185			(8	%)		—			—			—			1,029			945			(8	%)
Interest expense		—			—			—			—			—			—			84			118			40	%		84			118			40	%
Other expenses [2]		10			47		NM				175			159			(9	%)		(14	)		23		NM				171			229			34	%
Total benefits and expenses		872			3,038		NM				2,848			2,508			(12	%)		70			141			101	%		3,790			5,687			50	%
Income (loss) before income taxes		(2,876	)		(574	)		80	%		(1,241	)		250		NM				(66	)		(133	)		(102	%)		(4,183	)		(457	)		89	%
Income tax expense (benefit)		(1,061	)		(251	)		76	%		(467	)		60		NM				(24	)		(46	)		(92	%)		(1,552	)		(237	)		85	%
Net income (loss)		(1,815	)		(323	)		82	%		(774	)		190		NM				(42	)		(87	)		(107	%)		(2,631	)		(220	)		92	%
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(1,274	)		(822	)		35	%		(930	)		(56	)		94	%		(5	)		(2	)		60	%		(2,209	)		(880	)		60	%
Core earnings (losses)	$	(541	)	$	499		NM			$	156		$	246			58	%	$	(37	)	$	(85	)		(130	%)	$	(422	)	$	660		NM

[1]	Includes investment income and mark-to-market effects of equity securities, trading, supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The three months ended September 30, 2008 included $(1), $10, and $(9) 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
NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	3,869		$	3,500			(10	%)	$	7,768		$	7,420			(4	%)	$	—		$	—			—		$	11,637		$	10,920			(6	%)
Fee income		4,042			3,359			(17	%)		—			—			—			14			10			(29	%)		4,056			3,369			(17	%)
Net investment income (loss):
Securities available-for-sale and other		2,407			2,176			(10	%)		1,091			799			(27	%)		28			15			(46	%)		3,526			2,990			(15	%)
Equity securities, trading [1]		(5,840	)		2,437		NM				—			—			—			—			—			—			(5,840	)		2,437		NM
Total net investment income (loss)		(3,433	)		4,613		NM				1,091			799			(27	%)		28			15			(46	%)		(2,314	)		5,427		NM
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(2,115	)		(1,267	)		40	%		(1,425	)		(276	)		81	%		(5	)		(3	)		40	%		(3,545	)		(1,546	)		56	%
OTTI losses recognized in other comprehensive income		—			363		NM				—			109		NM				—			—			—			—			472		NM
Net OTTI losses recognized in earnings		(2,115	)		(904	)		57	%		(1,425	)		(167	)		88	%		(5	)		(3	)		40	%		(3,545	)		(1,074	)		70	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(1,345	)		(186	)		86	%		(206	)		(324	)		(57	%)		(6	)		(232	)	NM				(1,557	)		(742	)		52	%
Total net realized capital gains (losses)		(3,460	)		(1,090	)		68	%		(1,631	)		(491	)		70	%		(11	)		(235	)	NM				(5,102	)		(1,816	)		64	%
Other revenues		—			—			—			377			361			(4	%)		—			—			—			377			361			(4	%)
Total revenues		1,018			10,382		NM				7,605			8,089			6	%		31			(210	)	NM				8,654			18,261			111	%
Benefits, losses and loss adjustment expenses		5,523			5,834			6	%		5,414			4,965			(8	%)		—			—			—			10,937			10,799			(1	%)
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		(5,840	)		2,437		NM				—			—			—			—			—			—			(5,840	)		2,437		NM
Amortization of deferred policy acquisition costs and present value of future profits		1,634			2,064			26	%		1,567			1,556			(1	%)		—			—			—			3,201			3,620			13	%
Insurance operating costs and expenses		2,483			2,266			(9	%)		543			536			(1	%)		—			—			—			3,026			2,802			(7	%)
Interest expense		2			—			(100	%)		—			—			—			226			357			58	%		228			357			57	%
Goodwill impairment		—			—			—			—			—			—			—			32		NM				—			32		NM
Other expenses [2]		33			137		NM				537			481			(10	%)		(28	)		52		NM				542			670			24	%
Total benefits and expenses		3,835			12,738		NM				8,061			7,538			(6	%)		198			441			123	%		12,094			20,717			71	%
Income (loss) before income taxes		(2,817	)		(2,356	)		16	%		(456	)		551		NM				(167	)		(651	)	NM				(3,440	)		(2,456	)		29	%
Income tax expense (benefit)		(1,181	)		(951	)		19	%		(257	)		76		NM				(59	)		(137	)		(132	%)		(1,497	)		(1,012	)		32	%
Net income (loss)		(1,636	)		(1,405	)		14	%		(199	)		475		NM				(108	)		(514	)	NM				(1,943	)		(1,444	)		26	%
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(1,938	)		(1,016	)		48	%		(1,064	)		(304	)		71	%		(7	)		(231	)	NM				(3,009	)		(1,551	)		48	%
Core earnings (losses)	$	302		$	(389	)	NM			$	865		$	779			(10	%)	$	(101	)	$	(283	)		(180	%)	$	1,066		$	107			(90	%)

[1]	Includes investment income and mark-to-market effects of equity securities, trading, supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The nine months ended September 30, 2008 included $12, $31, and $(43) 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 SEPTEMBER 30, 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	45,182		$	45,927			2	%	$	19,775		$	22,577			14	%	$	155		$	137			(12	%)	$	65,112		$	68,641			5	%
Equity securities, trading, at fair value		30,820			33,463			9	%		—			—			—			—			—			—			30,820			33,463			9	%
Equity securities, available-for-sale, at fair value		711			690			(3	%)		674			620			(8	%)		73			87			19	%		1,458			1,397			(4	%)
Mortgage loans		5,684			5,365			(6	%)		785			690			(12	%)		—			273		NM				6,469			6,328			(2	%)
Policy loans, at outstanding balance		2,208			2,209			—			—			—			—			—			—			—			2,208			2,209			—
Limited partnerships and other alternative investments		1,129			860			(24	%)		1,166			952			(18	%)		—			—			—			2,295			1,812			(21	%)
Other investments		1,473			1,513			3	%		207			113			(45	%)		43			53			23	%		1,723			1,679			(3	%)
Short-term investments		6,937			7,478			8	%		1,597			1,902			19	%		1,488			4,530		NM				10,022			13,910			39	%
Total investments		94,144			97,505			4	%		24,204			26,854			11	%		1,759			5,080			189	%		120,107			129,439			8	%
Cash		1,648			2,134			29	%		162			279			72	%		1			4		NM				1,811			2,417			33	%
Premiums receivable and agents’ balances		407			365			(10	%)		3,197			3,117			(3	%)		—			—			—			3,604			3,482			(3	%)
Reinsurance recoverables		2,918			2,355			(19	%)		3,439			3,249			(6	%)		—			—			—			6,357			5,604			(12	%)
Deferred policy acquisition costs and present value of future profits		11,988			9,785			(18	%)		1,260			1,255			—			—			—			—			13,248			11,040			(17	%)
Deferred income taxes		2,183			1,637			(25	%)		2,435			1,517			(38	%)		621			666			7	%		5,239			3,820			(27	%)
Goodwill		462			470			2	%		149			149			—			449			585			30	%		1,060			1,204			14	%
Property and equipment, net		400			343			(14	%)		675			670			(1	%)		—			19		NM				1,075			1,032			(4	%)
Other assets		3,557			1,364			(62	%)		1,159			1,228			6	%		182			132			(27	%)		4,898			2,724			(44	%)
Separate account assets		130,184			155,958			20	%		—			—			—			—			—			—			130,184			155,958			20	%
Total assets	$	247,891		$	271,916			10	%	$	36,680		$	38,318			4	%	$	3,012		$	6,486			115	%	$	287,583		$	316,720			10	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	16,747		$	17,950			7	%	$	21,933		$	21,901			—		$	—		$	—			—		$	38,680		$	39,851			3	%
Other policyholder funds and benefits payable		53,753			47,996			(11	%)		—			—			—			—			—			—			53,753			47,996			(11	%)
Other policyholder funds and benefits payable - International variable annuities		30,799			33,439			9	%		—			—			—			—			—			—			30,799			33,439			9	%
Unearned premiums		138			168			22	%		5,244			5,159			(2	%)		(3	)		(3	)		—			5,379			5,324			(1	%)
Debt		92			67			(27	%)		—			—			—			6,129			5,768			(6	%)		6,221			5,835			(6	%)
Consumer notes		1,210			1,193			(1	%)		—			—			—			—			—			—			1,210			1,193			(1	%)
Other liabilities		7,297			5,224			(28	%)		2,914			2,134			(27	%)		1,786			2,285			28	%		11,997			9,643			(20	%)
Separate account liabilities		130,184			155,958			20	%		—			—			—			—			—			—			130,184			155,958			20	%
Total liabilities		240,220			261,995			9	%		30,091			29,194			(3	%)		7,912			8,050			2	%		278,223			299,239			8	%
Common equity excluding AOCI		12,095			11,809			(2	%)		8,675			9,553			10	%		(3,982	)		(3,629	)		9	%		16,788			17,733			6	%
Preferred stock		—			—			—			—			—			—			—			2,940		NM				—			2,940		NM
AOCI, net of tax		(4,516	)		(1,913	)		58	%		(2,086	)		(429	)		79	%		(918	)		(875	)		5	%		(7,520	)		(3,217	)		57	%
Total stockholders’ equity		7,579			9,896			31	%		6,589			9,124			38	%		(4,900	)		(1,564	)		68	%		9,268			17,456			88	%
Noncontrolling Interest		92			25			(73	%)		—			—			—			—			—			—			92			25			(73	%)
Total equity		7,671			9,921			29	%		6,589			9,124			38	%		(4,900	)		(1,564	)		68	%		9,360			17,481			87	%
Total liabilities and equity	$	247,891		$	271,916			10	%	$	36,680		$	38,318			4	%	$	3,012		$	6,486			115	%	$	287,583		$	316,720			10	%

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month
	2008			2008			2009			2009			2009			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	927		$	398		$	419		$	342		$	342			(63	%)		—
Capital lease obligations		68			68			—			—			—			(100	%)		—
Senior notes		4,052			4,052			4,052			3,778			3,778			(7	%)		—
Junior subordinated debentures		500			1,703			1,705			1,712			1,715		NM				—
Total debt [1]	$	5,547		$	6,221		$	6,176		$	5,832		$	5,835			5	%		—
STOCKHOLDERS’ EQUITY
Common stockholders’ equity excluding AOCI, net of tax	$	16,712		$	16,788		$	15,661		$	17,131		$	17,733			6	%		4	%
Preferred stock		—			—			—			2,921			2,940		NM				1	%
AOCI, net of tax		(4,155	)		(7,520	)		(7,801	)		(6,610	)		(3,217	)		23	%		51	%
Total stockholders’ equity	$	12,557		$	9,268		$	7,860		$	13,442		$	17,456			39	%		30	%
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	18,104		$	15,489		$	14,036		$	19,274		$	23,291			29	%		21	%
Total capitalization excluding AOCI, net of tax	$	22,259		$	23,009		$	21,837		$	25,884		$	26,508			19	%		2	%
DEBT TO CAPITALIZATION RATIOS [1]
Ratio Including AOCI
Total debt to capitalization		30.6	%		40.2	%		44.0	%		30.3	%		25.1	%		(5.5	)		(5.2	)
Ratios Excluding AOCI
Total debt to capitalization		24.9	%		27.0	%		28.3	%		22.5	%		22.0	%		(2.9	)		(0.5	)
Total adjusted debt to capitalization [2] [3] [4] [5] [6]		27.0	%		27.7	%		28.8	%		32.7	%		31.9	%		4.9			(0.8	)

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $1,225, $1,210, $1,202, $1,199, and $1,193 as of September 30, 2008, December 31, 2008, March 31, 2009, June 30, 2009, and September 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 $1.0 billion, $1.5 billion, $1.4 billion, $1.4 billion, and $1.4 billion for the three months ended September 30, 2008, December 31, 2008, March 31, 2009, June 30, 2009, and September 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 September 30, 2009
Fixed maturities net unrealized loss [1]	$	(2,354	)	$	(469	)	$	—		$	(2,823	)
Equities net unrealized gain (loss)		(66	)		57			6			(3	)
Other-than-temporary impairment losses recognized in AOCI		(124	)		(52	)		—			(176	)
Net deferred gain on cash-flow hedging instruments		352			22			1			375
Total net unrealized gain (loss) [1]		(2,192	)		(442	)		7			(2,627	)
Foreign currency translation adjustments		279			—			—			279
Pension and other postretirement adjustment		—			13			(882	)		(869	)
Total accumulated other comprehensive loss	$	(1,913	)	$	(429	)	$	(875	)	$	(3,217	)
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															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2008			2008			2009			2009			2009			2008			2009
Numerator:
Net loss	$	(2,631	)	$	(806	)	$	(1,209	)	$	(15	)	$	(220	)	$	(1,943	)	$	(1,444	)
Less: preferred dividends and accretion of discount		—			8			—			3			62			—			65
Net loss available to common shareholders		(2,631	)		(814	)		(1,209	)		(18	)		(282	)		(1,943	)		(1,509	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(2,209	)		(598	)		(34	)		(637	)		(880	)		(3,009	)		(1,551	)
Core earnings (losses) available to common shareholders		(422	)		(216	)		(1,175	)		619			598			1,066			42
Denominator:
Weighted average common shares outstanding (basic)		301.1			300.2			320.8			325.4			356.1			308.8			334.1
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)		301.1			320.3			320.8			325.4			356.1			308.8			334.1
Dilutive effect of stock compensation		1.0			0.6			0.7			0.7			1.1			1.5			0.8
Dilutive effect of CPP Warrants [1]		—			—			—			0.5			25.3			—			8.7
Dilutive effect of Allianz warrants [2]		—			—			—			—			—			—			—
Weighted average common shares outstanding and dilutive potential common shares (diluted)		302.1			320.9			321.5			326.6			382.5			310.3			343.6
Basic earnings (losses) per common share
Net loss available to common shareholders	$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	(6.29	)	$	(4.52	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(7.34	)		(1.99	)		(0.11	)		(1.96	)		(2.47	)		(9.74	)		(4.65	)
Core earnings (losses) available to common shareholders [3]		(1.40	)		(0.72	)		(3.66	)		1.90			1.68			3.45			0.13
Diluted earnings (losses) per common share [4]
Net loss available to common shareholders	$	(8.74	)	$	(2.71	)	$	(3.77	)	$	(0.06	)	$	(0.79	)	$	(6.29	)	$	(4.52	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(7.34	)		(1.99	)		(0.11	)		(1.96	)		(2.35	)		(9.73	)		(4.64	)
Core earnings (losses) available to common shareholders		(1.40	)		(0.72	)		(3.66	)		1.90			1.56			3.44			0.12

[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 69.3 million warrants to purchase The Hartford Common Stock to Allianz on October 17, 2008 at a strike price of $25.25. 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 SEPTEMBER 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	$	(33	)	$	35		NM			$	(46	)	$	25		NM			$	(1	)	$	(1	)		—		$	(80	)	$	59		NM
Net impairment losses		(1,135	)		(282	)		75	%		(853	)		(54	)		94	%		(3	)		—			100	%		(1,991	)		(336	)		83	%
Japanese fixed annuity contract hedges, net [1]		23			(5	)	NM				—			—			—			—			—			—			23			(5	)	NM
Results of variable annuity hedge program
GMWB derivatives, net [2]		(57	)		(132	)		(132	%)		—			—			—			—			—			—			(57	)		(132	)		(132	%)
Macro hedge program		19			(303	)	NM				—			—			—			—			—			—			19			(303	)	NM
Total results of variable annuity hedge program		(38	)		(435	)	NM				—			—			—			—			—			—			(38	)		(435	)	NM
Other net gain (loss) [3]		(94	)		(138	)		(47	%)		(30	)		(29	)		3	%		(1	)		(1	)		—			(125	)		(168	)		(34	%)
Total net realized capital gains (losses), after-tax and DAC	$	(1,277	)	$	(825	)		35	%	$	(929	)	$	(58	)		94	%	$	(5	)	$	(2	)		60	%	$	(2,211	)	$	(885	)		60	%
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After-Tax and DAC
Total net realized capital losses	$	(1,277	)	$	(825	)		35	%	$	(929	)	$	(58	)		94	%	$	(5	)	$	(2	)		60	%	$	(2,211	)	$	(885	)		60	%
Less: total net realized capital gains (losses) included in core earnings (losses)		(3	)		(3	)		—			1			(2	)	NM				—			—			—			(2	)		(5	)		(150	%)
Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(1,274	)	$	(822	)		35	%	$	(930	)	$	(56	)		94	%	$	(5	)	$	(2	)		60	%	$	(2,209	)	$	(880	)		60	%

[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 loss of $16 and $2 would have been recognized as an adjustment to this amount in the three months ended September 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) also includes changes in fair value on non-qualifying derivatives, hedge ineffectiveness on 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 and other investment gains and losses recorded in Life, P&C, and Corporate for the three months ended September 30, 2009.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC
NINE MONTHS ENDED SEPTEMBER 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	$	(73	)	$	(172	)		(136	%)	$	(66	)	$	(122	)		(85	%)	$	(2	)	$	(1	)		50	%	$	(141	)	$	(295	)		(109	%)
Net impairment losses		(1,341	)		(573	)		57	%		(926	)		(109	)		88	%		(3	)		(2	)		33	%		(2,270	)		(684	)		70	%
Japanese fixed annuity contract hedges, net [1]		8			18			125	%		—			—			—			—			—			—			8			18			125	%
SFAS 157 transition impact [2]		(220	)		—			100	%		—			—			—			—			—			—			(220	)		—			100	%
Results of variable annuity hedge programs
GMWB derivatives, net [3]		(104	)		425		NM				���			—			—			—			—			—			(104	)		425		NM
Macro hedge program		19			(531	)	NM				—			—			—			—			—			—			19			(531	)	NM
Total results of variable annuity hedge programs		(85	)		(106	)		(25	%)		—			—			—			—			—			—			(85	)		(106	)		(25	%)
Other net gain (loss) [4]		(236	)		(206	)		13	%		(69	)		(79	)		(14	%)		(2	)		(228	)	NM				(307	)		(513	)		(67	%)
Total net realized capital losses, after-tax and DAC	$	(1,947	)	$	(1,039	)		47	%	$	(1,061	)	$	(310	)		71	%	$	(7	)	$	(231	)	NM			$	(3,015	)	$	(1,580	)		48	%
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)	$	(1,947	)	$	(1,039	)		47	%	$	(1,061	)	$	(310	)		71	%	$	(7	)	$	(231	)	NM			$	(3,015	)	$	(1,580	)		48	%
Less: total net realized capital losses included in core earnings (losses)		(9	)		(23	)		(156	%)		3			(6	)	NM				—			—			—			(6	)		(29	)	NM
Total net realized capital gains (losses), after-tax and DAC, excluded from core earnings (losses)	$	(1,938	)	$	(1,016	)		48	%	$	(1,064	)	$	(304	)		71	%	$	(7	)	$	(231	)	NM			$	(3,009	)	$	(1,551	)		48	%

[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 $9 and loss of $1 would have been recognized as an adjustment to this amount in the nine months ended September 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 a contingent obligation 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, hedge ineffectiveness on qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, changes in fair value on warrants associated with the Allianz transaction, valuation allowances loans and other investment gains and losses recorded in Life, P&C, and Corporate for the nine months ended September 30, 2009.

C-10

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

	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,
	2008			2008			2009			2009			2009
Numerator [1]:
Net loss available to common shareholders — last 12 months	$	(1,348	)	$	(2,749	)	$	(4,103	)	$	(4,672	)	$	(2,323	)
Core earnings (losses) available to common shareholders — last 12 months	$	1,906		$	858		$	(1,109	)	$	(1,194	)	$	(174	)
Denominator [2]:
Average common stockholders’ equity, including AOCI		15,753.5			14,236.0			12,848.0			13,672.5			13,536.5
Less: Average AOCI		(2,410.5	)		(4,189.0	)		(5,013.0	)		(4,695.0	)		(3,686.0	)
Average common stockholders’ equity, excluding AOCI		18,164.0			18,425.0			17,861.0			18,367.5			17,222.5
ROE (net loss last 12 months to common stockholders’ equity including AOCI)		(8.6	%)		(19.3	%)		(31.9	%)		(34.2	%)		(17.2	%)
ROE (core earnings (losses) last 12 months to common stockholders’ equity excluding AOCI)		10.5	%		4.7	%		(6.2	%)		(6.5	%)		(1.0	%)

[1]	For a reconciliation of net income to core earnings, see page C-8.
[2]	Average equity is calculated by taking the sum of common stockholders’ equity at the beginning of the twelve month period and common stockholders’ equity at the end of the twelve month period and dividing by 2.

C-11

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
REVENUES
Retail Products Group
Individual Annuity [1]	$	714		$	548		$	581		$	496		$	561			(21	%)		13	%	$	2,157		$	1,638			(24	%)
Other Retail		205			154			138			156			170			(17	%)		9	%		640			464			(28	%)
Total Retail Products Group		919			702			719			652			731			(20	%)		12	%		2,797			2,102			(25	%)
Individual Life [1]		288			275			352			303			309			7	%		2	%		889			964			8	%
Total Individual Markets Group		1,207			977			1,071			955			1,040			(14	%)		9	%		3,686			3,066			(17	%)
Group Benefits		1,219			1,197			1,228			1,176			1,173			(4	%)		—			3,612			3,577			(1	%)
Retirement Plans		182			149			148			158			163			(10	%)		3	%		527			469			(11	%)
Total Employer Markets Group		1,401			1,346			1,376			1,334			1,336			(5	%)		—			4,139			4,046			(2	%)
International Markets Group [1]		249			267			219			249			269			8	%		8	%		771			737			(4	%)
Institutional Solutions Group		522			441			440			330			274			(48	%)		(17	%)		1,604			1,044			(35	%)
Other		39			(24	)		37			35			32			(18	%)		(9	%)		117			104			(11	%)
Core revenues before net investment income (loss) on equity securities held for trading		3,418			3,007			3,143			2,903			2,951			(14	%)		2	%		10,317			8,997			(13	%)
Net investment income (loss) on equity securities held for trading [2]		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Total core revenues	$	3		$	(1,493	)	$	2,419		$	5,426		$	3,589		NM				(34	%)	$	4,477		$	11,434			155	%
Net realized gains (losses), before tax and DAC, excluded from core revenues[1]		(2,007	)		(675	)		393			(320	)		(1,125	)		44	%	NM				(3,459	)		(1,052	)		70	%
Total revenues	$	(2,004	)	$	(2,168	)	$	2,812		$	5,106		$	2,464		NM				(52	%)	$	1,018		$	10,382		NM
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [3] [4]	$	(552	)	$	(198	)	$	(924	)	$	307		$	313		NM				2	%	$	(189	)	$	(304	)		(61	%)
Other Retail [3]		13			(2	)		1			5			11			(15	%)		120	%		40			17			(58	%)
Total Retail Products Group		(539	)		(200	)		(923	)		312			324		NM				4	%		(149	)		(287	)		(93	%)
Individual Life [3]		8			26			—			43			28		NM				(35	%)		92			71			(23	%)
Total Individual Markets Group		(531	)		(174	)		(923	)		355			352		NM				(1	%)		(57	)		(216	)	NM
Group Benefits		100			90			66			41			85			(15	%)		107	%		255			192			(25	%)
Retirement Plans [3]		(36	)		(3	)		(54	)		6			15		NM				150	%		14			(33	)	NM
Total Employer Markets Group		64			87			12			47			100			56	%		113	%		269			159			(41	%)
International Markets Group [3] [5] [6]		(75	)		(110	)		(455	)		142			81		NM				(43	%)		56			(232	)	NM
Institutional Solutions Group [3]		1			(40	)		(20	)		(5	)		(7	)	NM				(40	%)		50			(32	)	NM
Other [7]		—			(24	)		5			(46	)		(27	)		—			41	%		(16	)		(68	)	NM
Core earnings		(541	)		(261	)		(1,381	)		493			499		NM				1	%		302			(389	)	NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(1,274	)		(546	)		123			(317	)		(822	)		35	%		(159	%)		(1,938	)		(1,016	)		48	%
Net income (loss)	$	(1,815	)	$	(807	)	$	(1,258	)	$	176		$	(323	)		82	%	NM			$	(1,636	)	$	(1,405	)		14	%
Stockholders’ ROE (core earnings last 12 months to equity excluding AOCI) [8]		7.5	%		(0.6	%)		(21.2	%)		(19.0	%)		(8.6	%)		(16.1	)		10.4
Assets under management	$	333,305		$	298,017		$	283,442		$	301,672		$	334,267			—			11	%
DAC capitalization	$	397		$	310		$	222		$	196		$	186						(5	%)
DAC amortization	$	1,404		$	542		$	1,736		$	156		$	172						10	%
DAC and PVFP assets	$	11,012		$	11,988		$	10,828		$	10,529		$	9,785						(7	%)
United States Statutory surplus ($ in billions) [9]	$	4.7		$	6.0		$	5.6		$	6.1		$	6.0

[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 30, 2008, March 31, 2009, June 30, 2009, and September 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 30, 2008, March 31, 2009, June 30, 2009, and September 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 and $18 recorded in the three months ended June 30, 2009 and September 30, 2009, respectively, 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 September 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
REVENUES
Retail Products Group
Individual Annuity	$	685		$	548		$	509		$	532		$	576			(16	%)		8	%	$	2,128		$	1,617			(24	%)
Other Retail		205			154			138			156			170			(17	%)		9	%		640			464			(28	%)
Total Retail Products Group		890			702			647			688			746			(16	%)		8	%		2,768			2,081			(25	%)
Individual Life		314			275			289			305			301			(4	%)		(1	%)		915			895			(2	%)
Total Individual Markets Group		1,204			977			936			993			1,047			(13	%)		5	%		3,683			2,976			(19	%)
Group Benefits		1,219			1,197			1,228			1,176			1,173			(4	%)		—			3,612			3,577			(1	%)
Retirement Plans		182			149			148			158			163			(10	%)		3	%		527			469			(11	%)
Total Employer Markets Group		1,401			1,346			1,376			1,334			1,336			(5	%)		—			4,139			4,046			(2	%)
International Markets Group		256			267			220			243			270			5	%		11	%		778			733			(6	%)
Institutional Solutions Group		522			441			440			330			274			(48	%)		(17	%)		1,604			1,044			(35	%)
Other		39			(24	)		37			35			32			(18	%)		(9	%)		117			104			(11	%)
Core revenues before net investment income (loss) on equity securities held for trading		3,422			3,007			3,009			2,935			2,959			(14	%)		1	%		10,321			8,903			(14	%)
Net investment income (loss) and other on equity securities held for trading		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Total core revenues, excluding impacts of DAC unlock	$	7		$	(1,493	)	$	2,285		$	5,458			3,597		NM				(34	%)	$	4,481			11,340			153	%
DAC unlock impacts on total revenues		8			—			150			(36	)		(10	)	NM				72	%		8			104		NM
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(2,019	)		(675	)		377			(316	)		(1,123	)		44	%	NM				(3,471	)		(1,062	)		69	%
Total revenues	$	(2,004	)	$	(2,168	)	$	2,812		$	5,106		$	2,464		NM				(52	%)	$	1,018		$	10,382		NM
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	169		$	(198	)	$	65		$	61		$	89			(47	%)		46	%	$	532		$	215			(60	%)
Other Retail		14			(2	)		1			5			11			(21	%)		120	%		41			17			(59	%)
Total Retail Products Group		183			(200	)		66			66			100			(45	%)		52	%		573			232			(60	%)
Individual Life		45			26			26			41			50			11	%		22	%		129			117			(9	%)
Total Individual Markets Group		228			(174	)		92			107			150			(34	%)		40	%		702			349			(50	%)
Group Benefits		100			90			66			41			85			(15	%)		107	%		255			192			(25	%)
Retirement Plans		12			(3	)		—			6			8			(33	%)		33	%		62			14			(77	%)
Total Employer Markets Group		112			87			66			47			93			(17	%)		98	%		317			206			(35	%)
International Markets Group		50			(110	)		(31	)		32			58			16	%		81	%		181			59			(67	%)
Institutional Solutions Group		1			(40	)		(20	)		(5	)		(6	)	NM				(20	%)		50			(31	)	NM
Other		—			(24	)		5			(46	)		(27	)		—			41	%		(16	)		(68	)	NM
Core earnings, excluding impacts of DAC unlock		391			(261	)		112			135			268			(31	%)		99	%		1,234			515			(58	%)
DAC unlock impacts on net income		(941	)		—			(1,490	)		360			62		NM				(83	%)		(941	)		(1,068	)		(13	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(1,265	)		(546	)		120			(319	)		(653	)		48	%		(105	%)		(1,929	)		(852	)		56	%
Net income (loss)	$	(1,815	)	$	(807	)	$	(1,258	)	$	176		$	(323	)		82	%	NM			$	(1,636	)	$	(1,405	)		14	%

[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, June 30, 2009 and September 30, 2009.

L-1a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
REVENUES
Earned premiums [3]	$	1,335		$	1,296		$	1,318		$	1,114		$	1,068			(20	%)		(4	%)	$	3,869		$	3,500			(10	%)
Fee income [3]		1,332			1,081			1,148			1,060			1,137			(15	%)		7	%		4,061			3,345			(18	%)
Net investment income (loss)
Securities available-for-sale and other		759			638			689			739			748			(1	%)		1	%		2,407			2,176			(10	%)
Equity securities held for trading [1]		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Total net investment income (loss)		(2,656	)		(3,862	)		(35	)		3,262			1,386		NM				(58	%)		(3,433	)		4,613		NM
Net realized capital losses — core		(8	)		(8	)		(12	)		(10	)		(2	)		75	%		80	%		(20	)		(24	)		(20	%)
Total core revenues		3			(1,493	)		2,419			5,426			3,589		NM				(34	%)		4,477			11,434			155	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(2,007	)		(675	)		393			(320	)		(1,125	)		44	%	NM				(3,459	)		(1,052	)		70	%
Total revenues		(2,004	)		(2,168	)		2,812			5,106			2,464		NM				(52	%)		1,018			10,382		NM
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [3]		2,095			1,829			3,033			1,342			1,400			(33	%)		4	%		5,595			5,775			3	%
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Amortization of deferred policy acquisition costs and present value of future profits [3]		1,408			424			1,554			(12	)		43			(97	%)	NM				2,046			1,585			(23	%)
Goodwill impairment [2]		—			422			—			—			—			—			—			—			—			—
Insurance operating costs and other expenses [4]		838			782			755			850			812			(3	%)		(4	%)		2,518			2,417			(4	%)
Total benefits and expenses		926			(1,043	)		4,618			4,703			2,893		NM				(38	%)		4,319			12,214			183	%
CORE EARNINGS
Core earnings before income taxes		(923	)		(450	)		(2,199	)		723			696		NM				(4	%)		158			(780	)	NM
Income tax expense (benefit) [3]		(382	)		(189	)		(818	)		230			197		NM				(14	%)		(144	)		(391	)		(172	%)
Core earnings		(541	)		(261	)		(1,381	)		493			499		NM				1	%		302			(389	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3]		(1,274	)		(546	)		123			(317	)		(822	)		35	%		(159	%)		(1,938	)		(1,016	)		48	%
Net income (loss)		(1,815	)		(807	)		(1,258	)		176			(323	)		82	%	NM				(1,636	)		(1,405	)		14	%

L-2

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
TOTAL ASSETS UNDER MANAGEMENT	2008		2008		2009		2009		2009		Change			Change
Assets
General account	$	114,838	$	117,707	$	112,237	$	113,037	$	115,958		1	%		3	%
Separate account		154,029		130,184		124,738		133,946		155,958		1	%		16	%
Total assets		268,867		247,891		236,975		246,983		271,916		1	%		10	%
Mutual fund assets		64,438		50,126		46,467		54,689		62,351		(3	%)		14	%
Total assets under management	$	333,305	$	298,017	$	283,442	$	301,672	$	334,267		—			11	%

L-3

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

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month
	2008			2008			2009			2009			2009			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	46,292		$	45,182		$	42,428		$	43,980		$	45,927			(1	%)		4	%
Equity securities, trading, at fair value		33,655			30,820			27,813			30,813			33,463			(1	%)		9	%
Equity securities, available-for-sale, at fair value		908			711			525			642			690			(24	%)		7	%
Mortgage loans		5,460			5,684			5,633			5,503			5,365			(2	%)		(3	%)
Policy loans, at outstanding balance		2,159			2,208			2,197			2,204			2,209			2	%		—
Limited partnerships and other alternative investments		1,410			1,129			955			875			860			(39	%)		(2	%)
Other investments		1,308			1,473			2,909			954			1,513			16	%		59	%
Short term Investments		3,793			6,937			8,580			7,365			7,478			97	%		2	%
Total investments		94,985			94,144			91,040			92,336			97,505			3	%		6	%
Cash		1,683			1,648			1,604			2,196			2,134			27	%		(3	%)
Premiums receivable and agents’ balances		390			407			407			374			365			(6	%)		(2	%)
Reinsurance recoverables		2,103			2,918			3,177			2,549			2,355			12	%		(8	%)
Deferred policy acquisition costs and present value of future profits		11,012			11,988			10,828			10,529			9,785			(11	%)		(7	%)
Deferred income taxes		1,324			2,183			3,201			2,528			1,637			24	%		(35	%)
Goodwill		880			462			470			470			470			(47	%)		—
Property and equipment, net		380			400			394			355			343			(10	%)		(3	%)
Other assets		2,081			3,557			1,116			1,700			1,364			(34	%)		(20	%)
Separate account assets		154,029			130,184			124,738			133,946			155,958			1	%		16	%
Total assets	$	268,867		$	247,891		$	236,975		$	246,983		$	271,916			1	%		10	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	16,602		$	16,747		$	18,562		$	18,153		$	17,950			8	%		(1	%)
Other policyholder funds and benefits payable		47,208			53,753			52,952			49,257			47,996			2	%		(3	%)
Other policyholder funds payable — International variable annuities		33,629			30,799			27,793			30,793			33,439			(1	%)		9	%
Unearned premiums		163			138			138			145			168			3	%		16	%
Consumer Notes		1,225			1,210			1,202			1,199			1,193			(3	%)		(1	%)
Debt		92			92			66			67			67			(27	%)		—
Other liabilities		7,691			7,297			5,561			5,463			5,224			(32	%)		(4	%)
Separate account liabilities		154,029			130,184			124,738			133,946			155,958			1	%		16	%
Total liabilities		260,639			240,220			231,012			239,023			261,995			1	%		10	%
Equity excluding AOCI, net of tax		10,752			12,095			10,839			12,112			11,809			10	%		(3	%)
AOCI, net of tax		(2,649	)		(4,516	)		(4,904	)		(4,172	)		(1,913	)		28	%		54	%
Total stockholders’ equity		8,103			7,579			5,935			7,940			9,896			22	%		25	%
Noncontrolling Interest		125			92			28			20			25			(80	%)		25	%
Total equity		8,228			7,671			5,963			7,960			9,921			21	%		25	%
Total liabilities and equity	$	268,867		$	247,891		$	236,975		$	246,983		$	271,916			1	%		10	%

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		177			31			198			45			93			54			6			604
Amortization — Deferred Policy Acquisition Costs		(326	)		(38	)		(116	)		(45	)		(17	)		(171	)		(12	)		(725	)
Amortization — Present Value of Future Profits		—			—			(18	)		—			—			—			—			(18	)
Amortization — Realized Capital Gains / Losses		(257	)		—			15			—			38			(28	)		—			(232	)
Amortization — Unlock — Core		(538	)		—			(134	)		—			(69	)		(100	)		(1	)		(842	)
Amortization — Unlock — Non-core		(214	)		—			(7	)		—			(15	)		(11	)		—			(247	)
Effect of Currency Translation Adjustment		—			—			—			—			—			27			—			27
Balance, September 30, 2009		3,254			59			2,526			80			667			1,839			149			8,574
Adjustments to unrealized gains and losses on securities available — for — sale and other [1]		770			—			95			—			300			46			—			1,211
Balance, September 30, 2009 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,024		$	59		$	2,621		$	80		$	967		$	1,885		$	149		$	9,785

[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,
	March 31,			June 30,			Sept. 30,
	2009			2009			2009
DAC UNLOCK IMPACT ON REVENUES
Individual Annuity	$	72		$	(36	)	$	(15	)
Individual Life		63			(2	)		8
International Markets Group		(1	)		6			(1	)
Total DAC unlock impact on core revenues	$	134		$	(32	)	$	(8	)
DAC unlock impact on net realized gains (losses), before tax and DAC, excluded from core		16			(4	)		(2	)
Total DAC unlock impact on revenues	$	150		$	(36	)	$	(10	)
DAC UNLOCK IMPACT ON CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	(989	)	$	246		$	224
Other Retail		—			—			—
Total Retail Products Group		(989	)		246			224
Individual Life		(26	)		2			(22	)
Total Individual Markets Group		(1,015	)		248			202
Retirement Plans		(54	)		—			7
Total Employer Markets Group		(54	)		—			7
International Markets Group		(424	)		110			23
Institutional Solutions Group		—			—			(1	)
DAC unlock impact on core earnings		(1,493	)		358			231
DAC unlock impact on net realized gains (losses), net of tax and DAC, excluded from core earnings		3			2			(169	)
Net income (loss)	$	(1,490	)	$	360		$	62

L-5

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

	As of September 30, 2009
BREAKDOWN OF INDIVIDUAL VARIABLE AND			NET AMT AT		% of NAR
GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE	ACCOUNT VALUE		RISK [9]		REINSURED			RETAINED NAR [9]
Maximum anniversary value (MAV) [1]
MAV only	$	27,380	$	9,565		69	%	$	2,929
with 5% rollup [2]		1,991		802		62	%		306
with Earnings Protection Benefit Rider (EPB) [3]		5,880		1,490		89	%		159
with 5% rollup & EPB		784		257		80	%		51
Total MAV		36,035		12,114		72	%		3,445
Asset Protection Benefit (APB) [4]		28,303		6,480		36	%		4,158
Lifetime Income Benefit (LIB) [5]		1,299		260		—	%		260
Reset [6] (5-7 years)		3,715		604		—	%		604
Return of Premium [7]/Other		20,724		1,898		8	%		1,751
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS [10]	$	90,076	$	21,356		52	%	$	10,218
Less: General Account Value Subject to U.S. Guaranteed Minimum Death Benefits		6,858
SUBTOTAL SEPARATE ACCOUNT LIABILITIES SUBJECT TO U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	83,218
Separate Account Liabilities Not Subject to U.S. Guaranteed Minimum Death Benefits		72,740
TOTAL SEPARATE ACCOUNT LIABILITIES	$	155,958
JAPAN GUARANTEED MINIMUM DEATH AND LIVING BENEFITS [8]		31,698		6,995		17	%		5,804

	As of		As of		As of		As of		As of
	September 30,		December 31,		March 31,		June 30,		September 30,
OTHER DATA	2008		2008		2009		2009		2009
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,164.74		903.25		797.87		919.32		1,057.08
Total Account Value	$	99,118	$	81,128	$	74,453	$	81,864	$	90,076
Retained net amount of risk		8,565		17,149		18,726		14,558		10,218
GMDB net GAAP liability [11]		304		275		749		578		444
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	32,706	$	29,726	$	26,567	$	29,272	$	31,698
Retained net amount of risk		3,716		7,761		7,619		5,765		5,804
GMDB/GMIB net GAAP liability [11]		178		198		679		525		549

[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. An accumulation benefit is a guarantee to return initial investment, along with a premium based on an agreed upon interest rate, paid through a fixes annuity or lump sum, after a deferral period of 10 years. A withdrawal benefit allows for an agreed upon percentage of the investment to be withdrawn each year until the investment value is reached. Guaranteed income, accumulation, and withdrawal benefits are considered living benefits. The guaranteed remaining balance related to the Japan GMIB was $30.0 billion and $30.6 billion as of September 30, 2009 and December 31, 2008, respectively. The guaranteed remaining balance related to the Japan GMAB and GMWB was $680.3 million and $567.1 million as of September 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. For the three months ended September 30, 2009 the amounts were $(117) and $(23), respectively.

L-6

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

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	2,424
Liability for reinsurance in unauthorized companies		(6	)
Net statutory reinsurance reserve credit	$	2,418
Statutory amounts recoverable from reinsurers	$	169

The top ten reinsurers represent $2,430 or 94% of the total statutory reserve credit and amounts recoverable.

• 18% of this amount is with reinsurers rated “A+” by A.M. Best at October 28, 2009.

• 47% of this amount is with reinsurers rated “A” by A.M. Best at October 28, 2009.

• 30% of this amount is with reinsurers rated “A-” by A.M. Best at October 28, 2009.

• 5% of this amount is with reinsurers rated “B++” by A.M. Best at October 28, 2009.

L-7

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

	September 30, 2009			December 31, 2008
Statutory Capital and Surplus	$	5,976		$	6,046
GAAP Adjustments
Investment in subsidiaries		1,374			2,960
Deferred policy acquisition costs		9,785			11,988
Deferred taxes		1,070			1,461
Benefit reserves		(5,744	)		(7,224	)
Unrealized losses on investments, net of impairments		(3,352	)		(8,465	)
Asset valuation reserve and interest maintenance reserve		237			177
Goodwill		413			376
Other, net		162			260
GAAP Stockholders’ Equity	$	9,921		$	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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	454		$	335		$	302		$	325		$	352			(22	%)		8	%	$	1,446		$	979			(32	%)
Other fees [1]		59			31			93			(4	)		6			(90	%)	NM				126			95			(25	%)
Total fee income		513			366			395			321			358			(30	%)		12	%		1,572			1,074			(32	%)
Direct premiums		29			22			18			26			24			(17	%)		(8	%)		77			68			(12	%)
Reinsurance premiums [1]		(18	)		(24	)		(16	)		(30	)		(22	)		(22	%)		27	%		(79	)		(68	)		14	%
Net premiums		11			(2	)		2			(4	)		2			(82	%)	NM				(2	)		—			100	%
Total premiums and other considerations		524			364			397			317			360			(31	%)		14	%		1,570			1,074			(32	%)
Net investment income
Net investment income on G/A assets		198			162			169			181			203			3	%		12	%		617			553			(10	%)
Net investment income on assigned capital		22			31			13			19			20			(9	%)		5	%		61			52			(15	%)
Charge for invested capital		(30	)		(7	)		2			(16	)		(20	)		33	%		(25	%)		(95	)		(34	)		64	%
Total net investment income		190			186			184			184			203			7	%		10	%		583			571			(2	%)
Net realized capital gains (losses) — core		—			(2	)		—			(5	)		(2	)		—			60	%		4			(7	)	NM
Total core revenues		714			548			581			496			561			(21	%)		13	%		2,157			1,638			(24	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(483	)		(595	)		486			(5	)		(622	)		(29	%)	NM				(1,313	)		(141	)		89	%
Total revenues		231			(47	)		1,067			491			(61	)	NM			NM				844			1,497			77	%
Benefits and Expenses
Benefits and losses
Death benefits [1]		131			35			555			(116	)		(88	)	NM				24	%		157			351			124	%
Other contract benefits		24			27			22			15			17			(29	%)		13	%		60			54			(10	%)
Change in reserve		14			11			4			12			9			(36	%)		(25	%)		41			25			(39	%)
Sales inducements [1]		73			2			80			(5	)		(1	)	NM				80	%		98			74			(24	%)
Interest credited on G/A assets		159			162			169			171			174			9	%		2	%		457			514			12	%
Total benefits and losses		401			237			830			77			111			(72	%)		44	%		813			1,018			25	%
Other insurance expenses
Commissions & wholesaling expenses		214			175			135			126			129			(40	%)		2	%		709			390			(45	%)
Operating expenses		56			56			49			49			45			(20	%)		(8	%)		170			143			(16	%)
Premium taxes and other expenses		3			5			4			4			5			67	%		25	%		8			13			63	%
Subtotal — expenses before deferral		273			236			188			179			179			(34	%)		—			887			546			(38	%)
Deferred policy acquisition costs		(144	)		(109	)		(65	)		(55	)		(57	)		60	%		(4	%)		(468	)		(177	)		62	%
Total other insurance expense		129			127			123			124			122			(5	%)		(2	%)		419			369			(12	%)
Amortization of deferred policy acquisition costs [1]		1,096			86			1,100			(125	)		(111	)	NM				11	%		1,417			864			(39	%)
Goodwill impairment [3]		—			422			—			—			—			—			—			—			—			—
Total benefits and expenses		1,626			872			2,053			76			122			(92	%)		61	%		2,649			2,251			(15	%)
Core earnings (loss) before income taxes		(912	)		(324	)		(1,472	)		420			439		NM				5	%		(492	)		(613	)		(25	%)
Income tax expense (benefit) [1]		(360	)		(126	)		(548	)		113			126		NM				12	%		(303	)		(309	)		(2	%)
Core earnings (loss) [1]		(552	)		(198	)		(924	)		307			313		NM				2	%		(189	)		(304	)		(61	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1] [2]		(282	)		(470	)		178			(119	)		(496	)		(76	%)	NM				(579	)		(437	)		25	%
Net income (loss) [1]	$	(834	)	$	(668	)	$	(746	)	$	188		$	(183	)		78	%	NM			$	(768	)	$	(741	)		4	%
RETURN ON ASSETS (After-tax bps)
Core earnings		(202.0	)		(83.9	)		(445.9	)		146.6			136.9		NM				(7	%)		(21.7	)		(44.7	)		(106	%)
Net income (loss)		(305.1	)		(283.1	)		(360.0	)		89.8			(80.0	)		74	%	NM				(88.2	)		(109.0	)		(24	%)

[1] The DAC unlock recorded in the three months ended September 30, 2008, March 31, 2009, June 30, 2009, and September 30, 2009 effected each income statement line item as follows:

	Sept. 30, 2008			March 31, 2009			June 30, 2009			Sept. 30, 2009
Other Fees	$	24		$	66			($29	)	$	(16	)
Reinsurance Premiums		5			6			(7	)		1
Death Benefits		116			511			(158	)		(117	)
Sales Inducements		62			71			(15	)		(11	)
Amortization of deferred policy acquisition costs		959			1,011			(241	)		(232	)
Income tax expense (benefit)		(387	)		(532	)		132			121
Core earnings (loss)		(721	)		(989	)		246			224
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(10	)		4			7			(155	)
Net income (loss)		(731	)		(985	)		253			69

[2]	Included in the three months ended September 30, and December 31, 2008 and March 31, June 30, and September 30, 2009 are guaranteed minimum withdrawal benefit (“GMWB”), net realized gains (losses), net of tax and DAC, excluded from core earnings of ($45), ($254), $237, $304, and $(138) respectively.
[3]	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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	3		$	2		$	—		$	—		$	—			(100	%)		—		$	11		$	—			(100	%)
Mutual fund and other fees		208			158			142			162			175			(16	%)		8	%		645			479			(26	%)
Total fee income		211			160			142			162			175			(17	%)		8	%		656			479			(27	%)
Net investment loss
Net investment loss on G/A assets		(3	)		(4	)		(3	)		(4	)		(3	)		—			25	%		(7	)		(10	)		(43	%)
Net investment loss on assigned capital		(3	)		(2	)		(1	)		(2	)		(2	)		33	%		—			(9	)		(5	)		44	%
Total net investment loss		(6	)		(6	)		(4	)		(6	)		(5	)		17	%		17	%		(16	)		(15	)		6	%
Total core revenues		205			154			138			156			170			(17	%)		9	%		640			464			(28	%)
Net realized losses, before tax and DAC, excluded from core revenues		(1	)		—			—			—			—			100	%		—			(1	)		—			100	%
Total revenues		204			154			138			156			170			(17	%)		9	%		639			464			(27	%)
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		143			103			97			116			120			(16	%)		3	%		450			333			(26	%)
Operating expenses		34			30			29			26			28			(18	%)		8	%		114			83			(27	%)
Premium taxes and other expenses		5			6			5			6			3			(40	%)		(50	%)		12			14			17	%
Subtotal — expenses before deferral		182			139			131			148			151			(17	%)		2	%		576			430			(25	%)
Deferred policy acquisition costs		(17	)		(12	)		(9	)		(12	)		(10	)		41	%		17	%		(62	)		(31	)		50	%
Total other insurance expense		165			127			122			136			141			(15	%)		4	%		514			399			(22	%)
Amortization of deferred policy acquisition costs		22			30			14			13			11			(50	%)		(15	%)		66			38			(42	%)
Total benefits and expenses		187			157			136			149			152			(19	%)		2	%		580			437			(25	%)
Core earnings (loss) before income taxes		18			(3	)		2			7			18			—			157	%		60			27			(55	%)
Income tax expense (benefit)		5			(1	)		1			2			7			40	%	NM				20			10			(50	%)
Core earnings (loss)		13			(2	)		1			5			11			(15	%)		120	%		40			17			(58	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(1	)		—			1			(1	)		—			100	%		100	%		(1	)		—			100	%
Net income (loss)	$	12		$	(2	)	$	2		$	4		$	11			(8	%)		175	%	$	39		$	17			(56	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		11.1			(2.1	)		1.3			6.1			11.4			3	%		87	%		11.3			6.1			(46	%)
Net income		10.3			(2.1	)		2.6			4.9			11.4			11	%		133	%		11.0			6.1			(45	%)

L-10

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2008		2008		2009		2009		2009		Change			Change			2008		2009		Change
Individual Annuity
Broker-dealer	$	1,502	$	1,266	$	949	$	564	$	448		(70	%)		(21	%)	$	4,753	$	1,961		(59	%)
Banks		832		742		386		418		388		(53	%)		(7	%)		2,752		1,192		(57	%)
Total deposits by distribution		2,334		2,008		1,335		982		836		(64	%)		(15	%)		7,505		3,153		(58	%)
Variable		1,948		1,160		702		701		622		(68	%)		(11	%)		6,727		2,025		(70	%)
Fixed MVA/other		386		848		633		281		214		(45	%)		(24	%)		778		1,128		45	%
Total deposits by product		2,334		2,008		1,335		982		836		(64	%)		(15	%)		7,505		3,153		(58	%)
Retail Mutual Funds		3,614		2,565		2,250		3,075		3,111		(14	%)		1	%		11,547		8,436		(27	%)
529 College Savings Plan/Specialty Products/Other [1]		141		80		57		42		43		(70	%)		2	%		477		142		(70	%)
Total Retail Products Group	$	6,089	$	4,653	$	3,642	$	4,099	$	3,990		(34	%)		(3	%)	$	19,529	$	11,731		(40	%)

[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
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2008		2008		2009		2009		2009		Change			Change
INDIVIDUAL ANNUITY
General account	$	15,650	$	16,051	$	16,499	$	16,516	$	16,526		6	%		—
Non-guaranteed separate account		87,287		69,805		63,414		71,046		78,873		(10	%)		11	%
Total Individual Annuity	$	102,937	$	85,856	$	79,913	$	87,562	$	95,399		(7	%)		9	%
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	5,081	$	4,866	$	4,839	$	4,670	$	4,560		(10	%)		(2	%)
Non-guaranteed separate account		87,169		69,712		63,327		70,943		78,755		(10	%)		11	%
Total individual variable annuities		92,250		74,578		68,166		75,613		83,315		(10	%)		10	%
Fixed MVA & other individual annuities		10,687		11,278		11,747		11,949		12,084		13	%		1	%
Total Individual Annuity		102,937		85,856		79,913		87,562		95,399		(7	%)		9	%
Specialty Products/Other — Segregated Assets [1]		500		398		—		—		—		(100	%)		—
Mutual Fund Assets
Retail mutual fund assets		40,903		31,032		28,706		34,708		40,127		(2	%)		16	%
Specialty Product/Other mutual fund assets [1]		1,071		826		—		—		—		(100	%)		—
529 College Savings Plan assets		1,013		852		837		985		1,123		11	%		14	%
Total Mutual Fund Assets		42,987		32,710		29,543		35,693		41,250		(4	%)		16	%
Total Retail Products Group Assets Under Management	$	146,424	$	118,964	$	109,456	$	123,255	$	136,649		(7	%)		11	%

[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
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
VARIABLE ANNUITIES
Beginning balance	$	105,345		$	92,250		$	74,578		$	68,166		$	75,613
Deposits		1,948			1,160			702			701			622
Surrenders		(3,058	)		(2,671	)		(2,288	)		(1,929	)		(1,954	)
Death benefits/annuity payouts		(404	)		(342	)		(349	)		(351	)		(340	)
Transfers [2]		(26	)		(25	)		(29	)		(17	)		(11	)
Net Flows		(1,540	)		(1,878	)		(1,964	)		(1,596	)		(1,683	)
Change in market value/change in reserve/interest credited		(11,544	)		(15,778	)		(4,443	)		9,048			9,389
Other [3]		(11	)		(16	)		(5	)		(5	)		(4	)
Ending balance	$	92,250		$	74,578		$	68,166		$	75,613		$	83,315
FIXED MVA AND OTHER
Beginning balance	$	10,366		$	10,687		$	11,278		$	11,747		$	11,949
Deposits		386			848			633			281			214
Surrenders		(131	)		(308	)		(238	)		(164	)		(171	)
Death benefits/annuity payouts		(101	)		(112	)		(113	)		(110	)		(110	)
Transfers [2]		57			55			55			41			46
Net Flows		211			483			337			48			(21	)
Change in market value/change in reserve/interest credited		110			108			132			154			156
Ending balance	$	10,687		$	11,278		$	11,747		$	11,949		$	12,084
(e)TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	115,711		$	102,937		$	85,856		$	79,913		$	87,562
Deposits		2,334			2,008			1,335			982			836
Surrenders		(3,189	)		(2,979	)		(2,526	)		(2,093	)		(2,125	)
Death benefits/annuity payouts		(505	)		(454	)		(462	)		(461	)		(450	)
Transfers [2]		31			30			26			24			35
Net Flows		(1,329	)		(1,395	)		(1,627	)		(1,548	)		(1,704	)
Change in market value/change in reserve/interest credited		(11,434	)		(15,670	)		(4,311	)		9,202			9,545
Other [3]		(11	)		(16	)		(5	)		(5	)		(4	)
Ending balance	$	102,937		$	85,856		$	79,913		$	87,562		$	95,399

[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 September 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
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
RETAIL MUTUAL FUNDS
Beginning balance	$	47,239		$	40,903		$	31,032		$	28,706		$	34,708
Deposits		3,614			2,565			2,250			3,075			3,111
Redemptions		(2,798	)		(3,563	)		(2,750	)		(1,948	)		(2,332	)
Net Sales		816			(998	)		(500	)		1,127			779
Change in market value		(7,117	)		(8,852	)		(1,807	)		4,901			4,667
Other [1]		(35	)		(21	)		(19	)		(26	)		(27	)
Ending balance	$	40,903		$	31,032		$	28,706		$	34,708		$	40,127

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable life fees	$	16		$	12		$	11		$	12		$	12			(25	%)		—		$	53		$	35			(34	%)
Cost of insurance charges		145			150			152			153			154			6	%		1	%		428			459			7	%
Other fees [1]		59			59			130			75			80			36	%		7	%		197			285			45	%
Total fee income		220			221			293			240			246			12	%		3	%		678			779			15	%
																	—			—									—
Direct premiums		31			32			31			33			33			6	%		—			89			97			9	%
Reinsurance premiums		(46	)		(51	)		(50	)		(53	)		(55	)		(20	%)		(4	%)		(141	)		(158	)		(12	%)
Net premiums		(15	)		(19	)		(19	)		(20	)		(22	)		(47	%)		(10	%)		(52	)		(61	)		(17	%)
Total premiums and other considerations		205			202			274			220			224			9	%		2	%		626			718			15	%
Net investment income
Net investment income on G/A assets		87			77			82			89			90			3	%		1	%		274			261			(5	%)
Net investment income on assigned capital		5			3			2			1			2			(60	%)		100	%		13			5			(62	%)
Charge for invested capital		(8	)		(6	)		(5	)		(6	)		(6	)		25	%		—			(23	)		(17	)		26	%
Total net investment income		84			74			79			84			86			2	%		2	%		264			249			(6	%)
Net realized capital losses — core		(1	)		(1	)		(1	)		(1	)		(1	)		—			—			(1	)		(3	)	NM
Total core revenues		288			275			352			303			309			7	%		2	%		889			964			8	%
Net realized losses and other, before tax and DAC, excluded from core revenues		(169	)		(21	)		(33	)		(48	)		(33	)		80	%		31	%		(229	)		(114	)		50	%
Total revenues		119			254			319			255			276			132	%		8	%		660			850			29	%
Benefits and Expenses
Benefits and losses
Death benefits		86			94			94			78			86			—			10	%		265			258			(3	%)
Other contract benefits		5			5			5			6			3			(40	%)		(50	%)		15			14			(7	%)
Change in reserve [1]		4			(3	)		2			(1	)		14		NM			NM				(3	)		15		NM
Sales inducements		—			—			1			—			—			—			—			—			1			—
Interest credited on G/A assets		64			65			62			64			62			(3	%)		(3	%)		189			188			(1	%)
Total benefits and losses		159			161			164			147			165			4	%		12	%		466			476			2	%
Other insurance expenses
Commissions & wholesaling expenses		60			67			39			41			42			(30	%)		2	%		176			122			(31	%)
Operating expenses		66			69			61			60			59			(11	%)		(2	%)		200			180			(10	%)
Premium taxes and other expenses		14			13			12			11			11			(21	%)		—			39			34			(13	%)
Subtotal — expenses before deferral		140			149			112			112			112			(20	%)		—			415			336			(19	%)
Deferred policy acquisition costs		(91	)		(94	)		(64	)		(66	)		(68	)		25	%		(3	%)		(268	)		(198	)		26	%
Total other insurance expense		49			55			48			46			44			(10	%)		(4	%)		147			138			(6	%)
Amortization of deferred policy acquisition costs and present value of future profits [1]		74			21			143			48			78			5	%		63	%		150			269			79	%
Total benefits and expenses		282			237			355			241			287			2	%		19	%		763			883			16	%
Core earnings (loss) before income taxes		6			38			(3	)		62			22		NM				(65	%)		126			81			(36	%)
Income tax expense (benefit) [1]		(2	)		12			(3	)		19			(6	)	NM			NM				34			10			(71	%)
Core earnings [1]		8			26			—			43			28		NM				(35	%)		92			71			(23	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings [1]		(110	)		(17	)		(18	)		(27	)		(24	)		78	%		11	%		(144	)		(69	)		52	%
Net income (loss) [1]	$	(102	)	$	9		$	(18	)	$	16		$	4		NM				(75	%)	$	(52	)	$	2		NM
Earnings Margin (After-tax)
Core earnings		2.8	%		9.5	%		0.0	%		14.2	%		9.1	%		6.3			(5.1	)		10.4	%		7.4	%		(3.0	)
Net income		(85.7	%)		3.5	%		(5.6	%)		6.3	%		1.4	%		87.1			(4.9	)		(7.9	%)		0.2	%		8.1

[1] The DAC unlock recorded in the three months ended September 30, 2008, March 31, 2009, June 30, 2009, and September 30, 2009 effected each income statement line item as follows:

	September 30, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Other Fees	$	(26	)	$	63		$	(2	)	$	8
Change in reserve		5			—			—			6
Amortization of deferred policy acquisition costs		26			103			(5	)		36
Income tax expense (benefit)		(20	)		(14	)		1			(12	)
Core earnings (loss)		(37	)		(26	)		2			(22	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(7	)		—			—			(2	)
Net income (loss)		(44	)		(26	)		2			(24	)

L-15

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2008		2008		2009		2009		2009		Change			Change			2008		2009		Change
SALES BY DISTRIBUTION
Wirehouse	$	24	$	22	$	13	$	12	$	15		(38	%)		25	%	$	73	$	40		(45	%)
Banks		9		8		5		8		7		(22	%)		(13	%)		27		20		(26	%)
Independent		31		36		16		20		19		(39	%)		(5	%)		92		55		(40	%)
Other		5		4		3		5		4		(20	%)		(20	%)		12		12		—
Total sales by distribution	$	69	$	70	$	37	$	45	$	45		(35	%)		—		$	204	$	127		(38	%)
SALES BY PRODUCT
Variable Life		22		18		8		9		8		(64	%)		(11	%)	$	73	$	25		(66	%)
Universal life/whole life		41		45		23		31		32		(22	%)		3	%		113		86		(24	%)
Term life/other		6		7		6		5		5		(17	%)		—			18		16		(11	%)
Total sales by product	$	69	$	70	$	37	$	45	$	45		(35	%)		—		$	204	$	127		(38	%)
ACCOUNT VALUE
General account	$	5,863	$	5,926	$	5,983	$	6,054	$	6,137		5	%		1	%
Separate account		5,308		4,256		3,998		4,505		5,006		(6	%)		11	%
Total account value	$	11,171	$	10,182	$	9,981	$	10,559	$	11,143		—			6	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	5,848	$	4,802	$	4,550	$	5,049	$	5,552		(5	%)		10	%
Universal life/interest sensitive whole life		4,663		4,727		4,788		4,876		4,965		6	%		2	%
Modified guaranteed life		537		529		522		515		508		(5	%)		(1	%)
Other		123		124		121		119		118		(4	%)		(1	%)
Total account value by product	$	11,171	$	10,182	$	9,981	$	10,559	$	11,143		—			6	%
LIFE INSURANCE IN-FORCE
Variable life	$	78,809	$	78,853	$	77,913	$	76,946	$	75,667		(4	%)		(2	%)
Universal life/interest sensitive whole life		51,355		52,356		52,711		53,213		53,906		5	%		1	%
Term life		60,261		63,334		65,318		66,955		68,388		13	%		2	%
Modified guaranteed life		637		624		612		602		591		(7	%)		(2	%)
Other		299		297		299		324		337		13	%		4	%
Total life insurance in-force	$	191,361	$	195,464	$	196,853	$	198,040	$	198,889		4	%		—

L-16

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

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
VARIABLE LIFE
Beginning balance	$	6,625		$	5,848		$	4,802		$	4,550		$	5,049
First year & single premiums		63			63			30			24			23
Renewal premiums		139			149			130			128			126
Premiums and deposits		202			212			160			152			149
Surrenders		(76	)		(79	)		(67	)		(77	)		(104	)
Death benefits		(20	)		(13	)		(13	)		(11	)		(17	)
Net Flows		106			120			80			64			28
Policy fees		(128	)		(137	)		(123	)		(123	)		(123	)
Change in market value/interest credited		(755	)		(1,029	)		(209	)		558			598
Ending balance	$	5,848		$	4,802		$	4,550		$	5,049		$	5,552
OTHER [1]
Beginning balance	$	5,233		$	5,323		$	5,380		$	5,431		$	5,510
First year & single premiums		125			145			99			118			109
Renewal premiums		123			136			128			131			130
Premiums and deposits		248			281			227			249			239
Surrenders		(53	)		(76	)		(67	)		(58	)		(45	)
Death benefits		(22	)		(55	)		(27	)		(24	)		(23	)
Net Flows		173			150			133			167			171
Policy fees		(139	)		(152	)		(138	)		(145	)		(146	)
Change in market value/interest credited		56			59			56			57			56
Ending balance	$	5,323		$	5,380		$	5,431		$	5,510		$	5,591
TOTAL INDIVIDUAL LIFE
Beginning balance	$	11,858		$	11,171		$	10,182		$	9,981		$	10,559
First year & single premiums		188			208			129			142			132
Renewal premiums		262			285			258			259			256
Premiums and deposits		450			493			387			401			388
Surrenders		(129	)		(155	)		(134	)		(135	)		(149	)
Death benefits		(42	)		(68	)		(40	)		(35	)		(40	)
Net Flows		279			270			213			231			199
Policy fees		(267	)		(289	)		(261	)		(268	)		(269	)
Change in market value/interest credited		(699	)		(970	)		(153	)		615			654
Ending balance	$	11,171		$	10,182		$	9,981		$	10,559		$	11,143

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
ASO fees	$	9		$	9		$	11		$	9		$	10			11	%		11	%	$	27		$	30			11	%
Other fees		—			(1	)		1			(1	)		—			—			100	%		—			—			—
Total fee income		9			8			12			8			10			11	%		25	%		27			30			11	%
Direct premiums		1,061			1,055			1,103			1,053			1,046			(1	%)		(1	%)		3,152			3,202			2	%
Reinsurance premiums		39			45			23			13			13			(67	%)		—			104			49			(53	%)
Net premiums		1,100			1,100			1,126			1,066			1,059			(4	%)		(1	%)		3,256			3,251			—
Total premiums and other considerations		1,109			1,108			1,138			1,074			1,069			(4	%)		—			3,283			3,281			—
Net investment income
Net investment income on G/A assets		92			71			83			91			95			3	%		4	%		275			269			(2	%)
Net investment income on assigned capital		19			18			8			11			10			(47	%)		(9	%)		55			29			(47	%)
Total net investment income		111			89			91			102			105			(5	%)		3	%		330			298			(10	%)
Net realized capital losses — core		(1	)		—			(1	)		—			(1	)		—			—			(1	)		(2	)		(100	%)
Total core revenues		1,219			1,197			1,228			1,176			1,173			(4	%)		—			3,612			3,577			(1	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		(440	)		(26	)		4			(41	)		(31	)		93	%		24	%		(513	)		(68	)		87	%
Total revenues		779			1,171			1,232			1,135			1,142			47	%		1	%		3,099			3,509			13	%
Benefits and Expenses
Benefits and losses
Death benefits		321			284			335			326			310			(3	%)		(5	%)		927			971			5	%
Other contract benefits		463			460			457			456			456			(2	%)		—			1,407			1,369			(3	%)
Change in reserve		(4	)		21			68			40			(24	)	NM			NM				45			84			87	%
Total benefits and losses		780			765			860			822			742			(5	%)		(10	%)		2,379			2,424			2	%
Other insurance expenses
Commissions & wholesaling expenses		144			146			125			143			159			10	%		11	%		420			427			2	%
Operating expenses		134			145			134			144			131			(2	%)		(9	%)		414			409			(1	%)
Premium taxes and other expenses		21			20			22			14			19			(10	%)		36	%		52			55			6	%
Subtotal — expenses before deferral		299			311			281			301			309			3	%		3	%		886			891			1	%
Deferred policy acquisition costs		(16	)		(21	)		(17	)		(14	)		(14	)		13	%		—			(48	)		(45	)		6	%
Total other insurance expense		283			290			264			287			295			4	%		3	%		838			846			1	%
Amortization of deferred policy acquisition costs		15			15			14			15			16			7	%		7	%		42			45			7	%
Total benefits and expenses		1,078			1,070			1,138			1,124			1,053			(2	%)		(6	%)		3,259			3,315			2	%
Core earnings before income taxes		141			127			90			52			120			(15	%)		131	%		353			262			(26	%)
Income tax expense		41			37			24			11			35			(15	%)	NM				98			70			(29	%)
Core earnings		100			90			66			41			85			(15	%)		107	%		255			192			(25	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(286	)		(18	)		3			(27	)		(20	)		93	%		26	%		(333	)		(44	)		87	%
Net income (loss)	$	(186	)	$	72		$	69		$	14		$	65		NM			NM			$	(78	)	$	148		NM
After-Tax Profit as % of Revenues
Core earnings		8.2	%		7.5	%		5.4	%		3.5	%		7.2	%		(1.0	)		3.7			7.1	%		5.4	%		(1.7	)
Net income		(23.9	%)		6.1	%		5.6	%		1.2	%		5.7	%		29.6			4.5			(2.5	%)		4.2	%		6.7

L-18

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	490		$	517		$	518		$	476		$	469			(4	%)		(1	%)	$	1,467		$	1,463			—
Group life		534			516			543			529			528			(1	%)		—			1,568			1,600			2	%
Other		75			67			65			61			62			(17	%)		2	%		220			188			(15	%)
																		��
Total fully insured — ongoing premiums		1,099			1,100			1,126			1,066			1,059			(4	%)		(1	%)		3,255			3,251			—
Total buyouts [1]		1			—			—			—			—			(100	%)		—			1			—			(100	%)
Total premiums		1,100			1,100			1,126			1,066			1,059			(4	%)		(1	%)		3,256			3,251			—
Group disability — premium equivalents [2]		85			83			92			104			102			20	%		(2	%)		255			298			17	%
Total premiums and premium equivalent	$	1,185		$	1,183		$	1,218		$	1,170		$	1,161			(2	%)		(1	%)	$	3,511		$	3,549			1	%
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	66		$	65		$	204		$	37		$	56			(15	%)		51	%	$	310		$	297			(4	%)
Group life		87			75			188			48			62			(29	%)		29	%		349			298			(15	%)
Other		5			6			8			4			4			(20	%)		—			15			16			7	%
Total fully insured — ongoing sales		158			146			400			89			122			(23	%)		37	%		674			611			(9	%)
Total buyouts [1]		1			—			—			—			1			—			—			1			1			—
Total sales		159			146			400			89			123			(23	%)		38	%		675			612			(9	%)
Group disability premium equivalents [2]		7			24			62			25			7			—			(72	%)		108			94			(13	%)
Total sales and premium equivalents	$	166		$	170		$	462		$	114		$	130			(22	%)		14	%	$	783		$	706			(10	%)
RATIOS [3]
Loss Ratio		70.3	%		69.0	%		75.6	%		76.5	%		69.4	%		(0.9	)		(7.1	)		72.5	%		73.9	%		1.4
Expense Ratio		26.9	%		27.5	%		24.4	%		28.1	%		29.1	%		2.2			1.0			26.8	%		27.2	%		0.4
GAAP RESERVES [4]
Group disability	$	4,717		$	4,727		$	4,771		$	4,823		$	4,818			2	%		—
Group life		1,319			1,333			1,336			1,337			1,314			—			(2	%)
Other		98			100			92			88			86			(12	%)		(2	%)
Total GAAP reserves	$	6,134		$	6,160		$	6,199		$	6,248		$	6,218			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 September 30, and December 31, 2008 and March 31, June 30, and September 30, 2009 are net of reinsurance recoverables of $243, $231, $193, $200, and $209, respectively.

L-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	55		$	41		$	40		$	44		$	50			(9	%)		14	%	$	168		$	134			(20	%)
Mutual fund and other fees		39			34			32			35			33			(15	%)		(6	%)		91			100			10	%
Total fee income		94			75			72			79			83			(12	%)		5	%		259			234			(10	%)
Direct premiums		1			1			1			1			1			—			—			3			3			—
Net investment income
Net investment income on G/A assets		83			72			76			78			79			(5	%)		1	%		256			233			(9	%)
Net investment income on assigned capital		4			3			1			2			2			(50	%)		—			12			5			(58	%)
Charge for invested capital		—			—			—			—			(1	)		—			—			(1	)		(1	)		—
Total net investment income		87			75			77			80			80			(8	%)		—			267			237			(11	%)
Net realized losses — core		—			(2	)		(2	)		(2	)		(1	)		—			50	%		(2	)		(5	)		(150	%)
Total core revenues		182			149			148			158			163			(10	%)		3	%		527			469			(11	%)
Net realized losses, before tax and DAC, excluded from core revenues		(181	)		(34	)		(57	)		(78	)		(88	)		51	%		(13	%)		(234	)		(223	)		5	%
Total revenues		1			115			91			80			75		NM				(6	%)		293			246			(16	%)
Benefits and Expenses
Benefits and losses
Death benefits [1]		1			—			4			(2	)		—			(100	%)		100	%		1			2			100	%
Other contract benefits		11			11			11			11			10			(9	%)		(9	%)		34			32			(6	%)
Change in reserve		(6	)		(5	)		(5	)		(5	)		(5	)		17	%		—			(16	)		(15	)		6	%
Sales inducements [1]		2			(1	)		1			1			—			(100	%)		(100	%)		2			2			—
Interest credited on G/A assets		62			66			63			63			58			(6	%)		(8	%)		180			184			2	%
Total benefits and losses		70			71			74			68			63			(10	%)		(7	%)		201			205			2	%
Other insurance expenses
Commissions & wholesaling expenses		34			31			34			33			36			6	%		9	%		100			103			3	%
Operating expenses		89			82			70			71			71			(20	%)		—			245			212			(13	%)
Premium taxes and other expenses		7			5			6			6			7			—			17	%		14			19			36	%
Subtotal — expenses before deferral		130			118			110			110			114			(12	%)		4	%		359			334			(7	%)
Deferred policy acquisition costs		(35	)		(31	)		(31	)		(29	)		(33	)		6	%		(14	%)		(111	)		(93	)		16	%
Total other insurance expense		95			87			79			81			81			(15	%)		—			248			241			(3	%)
Amortization of deferred policy acquisition costs [1]		83			1			84			6			(4	)	NM			NM				99			86			(13	%)
Total benefits and expenses		248			159			237			155			140			(44	%)		(10	%)		548			532			(3	%)
Core earnings (loss) before income taxes		(66	)		(10	)		(89	)		3			23		NM			NM				(21	)		(63	)	NM
Income tax expense (benefit) [1]		(30	)		(7	)		(35	)		(3	)		8		NM			NM				(35	)		(30	)		14	%
Core earnings (loss) [1]		(36	)		(3	)		(54	)		6			15		NM				150	%		14			(33	)	NM
Net realized losses, net of tax and DAC, excluded from core earnings [1]		(124	)		(20	)		(34	)		(46	)		(49	)		60	%		(7	%)		(148	)		(129	)		13	%
Net (loss)	$	(160	)	$	(23	)	$	(88	)	$	(40	)	$	(34	)		79	%		15	%	$	(134	)	$	(162	)		(21	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		(31.9	)		(3.0	)		(59.2	)		6.4			14.7		NM				130	%		5.2			(11.0	)	NM
Net income (loss)		(141.9	)		(22.9	)		(96.4	)		(42.8	)		(33.3	)		77	%		22	%		(49.7	)		(54.1	)		(9	%)

[1] The DAC unlock recorded in the three months ended September 30, 2008, March 31, 2009, June 30, 2009, and September 30, 2009 effected each income statement line item as follows:

	September 30, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Death Benefits	$	1		$	3		$	(1	)	$	(1	)
Sales Inducements		1			2			—			—
Amortization of deferred policy acquisition costs		75			78			1			(10	)
Income tax expense (benefit)		(29	)		(29	)		—			4
Core earnings (loss)		(48	)		(54	)		—			7
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		(1	)		(3	)		1			(7	)
Net income (loss)		(49	)		(57	)		1			—

L-20

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2008		2008		2009		2009		2009		Change			Change			2008		2009		Change
401(k)
Annuity — plan/participant rollovers	$	487	$	418	$	530	$	316		444		(9	%)		41	%	$	1,732	$	1,290		(26	%)
Annuity — ongoing contributions		579		555		623		531		543		(6	%)		2	%		1,791		1,697		(5	%)
Total 401(k) Annuity		1,066		973		1,153		847		987		(7	%)		17	%		3,523		2,987		(15	%)
Mutual funds		862		687		684		572		518		(40	%)		(9	%)		2,139		1,774		(17	%)
Total 401(k)		1,928		1,660		1,837		1,419		1,505		(22	%)		6	%		5,662		4,761		(16	%)
403(b)/457
Annuity — plan/participant rollovers		79		38		57		60		43		(46	%)		(28	%)		279		160		(43	%)
Annuity — ongoing contributions		314		285		300		267		237		(25	%)		(11	%)		910		804		(12	%)
Total 403(b)/457 Annuity		393		323		357		327		280		(29	%)		(14	%)		1,189		964		(19	%)
Mutual funds		13		13		35		23		17		31	%		(26	%)		82		75		(9	%)
Total 403(b)/457		406		336		392		350		297		(27	%)		(15	%)		1,271		1,039		(18	%)
Total Retirement
401(k) Annuity		1,066		973		1,153		847		987		(7	%)		17	%		3,523		2,987		(15	%)
403(b)/457 Annuity		393		323		357		327		280		(29	%)		(14	%)		1,189		964		(19	%)
Total Retirememt Plans Annuity deposits		1,459		1,296		1,510		1,174		1,267		(13	%)		8	%		4,712		3,951		(16	%)
Mutual funds		875		700		719		595		535		(39	%)		(10	%)		2,221		1,849		(17	%)
Total Retirement Plans Deposits		2,334		1,996		2,229		1,769		1,802		(23	%)		2	%		6,933		5,800		(16	%)

L-21

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2008		2008		2009		2009		2009		Change			Change
401(k)
General account	$	1,446	$	1,499	$	1,538	$	1,530	$	1,533		6	%		—
Non-guaranteed separate account		12,290		10,457		10,310		12,005		13,806		12	%		15	%
Total 401(k) — Annuity account value	$	13,736	$	11,956	$	11,848	$	13,535	$	15,339		12	%		13	%
Mutual fund assets		18,022		14,739		14,017		15,177		16,441		(9	%)		8	%
Total 401(k) Assets Under Management	$	31,758	$	26,695	$	25,865	$	28,712	$	31,780		—			11	%
403(b)/457
General account	$	5,238	$	5,292	$	5,456	$	4,855	$	4,839		(8	%)		—
Non-guaranteed separate account		6,194		4,950		4,548		5,100		5,921		(4	%)		16	%
Total 403(b)/457 — Annuity account value	$	11,432	$	10,242	$	10,004	$	9,955	$	10,760		(6	%)		8	%
Mutual fund assets		104		99		127		165		207		99	%		25	%
Total 403(b)/457 Assets Under Management	$	11,536	$	10,341	$	10,131	$	10,120	$	10,967		(5	%)		8	%
TOTAL RETIREMENT
General account	$	6,684	$	6,791	$	6,994	$	6,385	$	6,372		(5	%)		—
Non-guaranteed separate account		18,484		15,407		14,858		17,105		19,727		7	%		15	%
Total Retirement Plans account value	$	25,168	$	22,198	$	21,852	$	23,490	$	26,099		4	%		11	%
Mutual fund assets		18,126		14,838		14,144		15,342		16,648		(8	%)		9	%
Total Retirement Plans Assets Under Management	$	43,294	$	37,036	$	35,996	$	38,832	$	42,747		(1	%)		10	%
RECORDKEEPING ONLY BUSINESS
Assets Under Administration [1]	$	5,853	$	5,122	$	5,024	$	5,372	$	5,867		—			9	%
Number of Participants [2]		155,373		155,914		165,038		162,610		157,867		2	%		(3	%)

[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]

	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
401(k) GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	14,832		$	13,736		$	11,956		$	11,848		$	13,535
Deposits		1,066			973			1,153			847			987
Surrenders		(610	)		(625	)		(635	)		(587	)		(723	)
Death benefits/annuity payouts		(10	)		(9	)		(8	)		(3	)		(13	)
Net Flows		446			339			510			257			251
Change in market value/change in reserve/interest credited		(1,542	)		(2,119	)		(618	)		1,430			1,553
Ending balance	$	13,736		$	11,956		$	11,848		$	13,535		$	15,339
403(b)/457 GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	12,197		$	11,432		$	10,242		$	10,004		$	9,955
Deposits		393			323			357			327			280
Surrenders		(240	)		(330	)		(225	)		(1,158	)		(263	)
Death benefits/annuity payouts		(12	)		(12	)		(11	)		(11	)		(9	)
Net Flows		141			(19	)		121			(842	)		8
Change in market value/change in reserve/interest credited		(906	)		(1,171	)		(359	)		793			797
Ending balance	$	11,432		$	10,242		$	10,004		$	9,955		$	10,760
MUTUAL FUND ASSETS [2][3]
Beginning balance	$	19,854		$	18,126		$	14,838		$	14,144		$	15,342
Deposits		875			700			719			595			535
Surrenders		(836	)		(1,077	)		(662	)		(1,292	)		(1,283	)
Net Flows		39			(377	)		57			(697	)		(748	)
Change in market value/change in reserve/interest credited		(1,767	)		(2,911	)		(751	)		1,895			2,054
Ending balance	$	18,126		$	14,838		$	14,144		$	15,342		$	16,648
TOTAL RETIREMENT
Beginning balance	$	46,883		$	43,294		$	37,036		$	35,996		$	38,832
Deposits		2,334			1,996			2,229			1,769			1,802
Surrenders		(1,686	)		(2,032	)		(1,522	)		(3,037	)		(2,269	)
Death benefits/annuity payouts		(22	)		(21	)		(19	)		(14	)		(22	)
Net Flows		626			(57	)		688			(1,282	)		(489	)
Change in market value/change in reserve/interest credited		(4,215	)		(6,201	)		(1,728	)		4,118			4,404
Ending balance	$	43,294		$	37,036		$	35,996		$	38,832		$	42,747

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Months			3 Months			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
CORE EARNINGS
Japan operations	$	(59	)	$	(111	)	$	(430	)	$	213		$	78		NM				(63	%)	$	75		$	(139	)	NM
Other international operations		(16	)		1			(25	)		(71	)		3		NM			NM				(19	)		(93	)	NM
Core earnings (loss)	$	(75	)	$	(110	)	$	(455	)	$	142		$	81		NM				(43	%)	$	56		$	(232	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(32	)		(188	)		162			(23	)		(113	)	NM			NM				(83	)		26		NM
Net income (loss)	$	(107	)	$	(298	)	$	(293	)	$	119		$	(32	)		70	%	NM			$	(27	)	$	(206	)	NM
JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	868		$	291		$	202		$	100		$	17			(98	%)		(83	%)	$	2,675		$	319			(88	%)
Fixed MVA and other		231			43			21			2			—			(100	%)		(100	%)		552			23			(96	%)
Total deposits by product	$	1,099		$	334		$	223		$	102		$	17			(98	%)		(83	%)	$	3,227		$	342			(89	%)
JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	93,342		¥	28,200		¥	18,924		¥	9,808		¥	1,570			(98	%)		(84	%)	¥	282,816		¥	30,302			(89	%)
Fixed MVA and other		24,985			4,016			1,973			202			4			(100	%)		(98	%)		58,152			2,179			(96	%)
Total deposits by product	¥	118,327		¥	32,216		¥	20,897		¥	10,010		¥	1,574			(99	%)		(84	%)	¥	340,968		¥	32,481			(90	%)
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	383		$	(3,087	)	$	(80	)	$	(161	)	$	(249	)	NM				(55	%)	$	1,372		$	(490	)	NM
Fixed MVA and other		196			1,962			(49	)		(67	)		(55	)	NM				18	%		467			(171	)	NM
Total net flows by product	$	579		$	(1,125	)	$	(129	)	$	(228	)	$	(304	)	NM				(33	%)	$	1,839		$	(661	)	NM
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	41,213		¥	(309,214	)	¥	(7,485	)	¥	(15,543	)	¥	(23,338	)	NM				(50	%)	¥	144,771		¥	(46,366	)	NM
Fixed MVA and other		21,193			177,526			(4,631	)		(6,467	)		(5,160	)	NM				20	%		49,169			(16,258	)	NM
Total net flows by product	¥	62,406		¥	(131,688	)	¥	(12,116	)	¥	(22,010	)	¥	(28,498	)	NM				(29	%)	¥	193,940		¥	(62,624	)	NM
JAPAN AUM — Dollars
Individual Annuity
Variable	$	32,706		$	29,726		$	26,567		$	29,272		$	31,698			(3	%)		8	%
Fixed MVA and other [1]		2,416			4,769			4,379			4,437			4,732			96	%		7	%
Total AUM by product	$	35,122		$	34,495		$	30,946		$	33,709		$	36,430			4	%		8	%
JAPAN AUM — Yen
Individual Annuity
Variable	¥	3,472,208		¥	2,694,696		¥	2,624,041		¥	2,824,321		¥	2,838,078			(18	%)		—
Fixed MVA and other [1]		256,542			432,267			432,525			428,035			423,675			65	%		(1	%)
Total AUM by product	¥	3,728,750		¥	3,126,963		¥	3,056,566		¥	3,252,356		¥	3,261,753			(13	%)		—

[1] Of the total ending fixed MVA and other balance as of September 30, 2009 of $4.7 billion and ¥424.0 billion, approximately $2.0 billion and ¥180.5 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	205		$	170		$	159		$	165		$	179			(13	%)		8	%	$	628		$	503			(20	%)
Other fees		10			25			12			12			13			30	%		8	%		44			37			(16	%)
Total fee income		215			195			171			177			192			(11	%)		8	%		672			540			(20	%)
Reinsurance premiums		(2	)		(2	)		(2	)		(1	)		(2	)		—			(100	%)		(7	)		(5	)		29	%
Total premiums and other considerations		213			193			169			176			190			(11	%)		8	%		665			535			(20	%)
Net investment income
Net investment income on G/A assets		27			30			29			39			37			37	%		(5	%)		76			105			38	%
Net investment income on assigned capital		2			21			12			8			11		NM				38	%		4			31		NM
Charge for invested capital		—			—			—			—			(2	)		—			—			—			(2	)		—
Total net investment income		29			51			41			47			46			59	%		(2	%)		80			134			68	%
Net realized capital gains (losses) — core		(8	)		(2	)		(5	)		2			8		NM			NM				(26	)		5		NM
Total core revenues		234			242			205			225			244			4	%		8	%		719			674			(6	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(43	)		(218	)		260			(55	)		(173	)	NM			NM				(148	)		32		NM
Total revenues		191			24			465			170			71			(63	%)		(58	%)		571			706			24	%
Benefits and Expenses
Benefits and losses
Death and other benefits [1]		146			70			554			(133	)		16			(89	%)	NM				160			437			173	%
Change in reserve		—			—			58			—			(2	)		—			—			—			56			—
Sales inducements		1			—			(1	)		1			3		NM			NM				1			3		NM
Interest credited on G/A assets		9			11			12			11			11			22	%		—			25			34			36	%
Total benefits and losses		156			81			623			(121	)		28			(82	%)	NM				186			530			185	%
Other insurance expenses
Commissions & wholesaling expenses		73			32			27			20			10			(86	%)		(50	%)		216			57			(74	%)
Operating expenses		43			49			39			37			33			(23	%)		(11	%)		129			109			(16	%)
Premium taxes and other expenses		11			7			5			4			4			(64	%)		—			25			13			(48	%)
Subtotal — expenses before deferral		127			88			71			61			47			(63	%)		(23	%)		370			179			(52	%)
Deferred policy acquisition costs		(67	)		(22	)		(14	)		(7	)		(1	)		99	%		86	%		(199	)		(22	)		89	%
Total other insurance expense		60			66			57			54			46			(23	%)		(15	%)		171			157			(8	%)
Amortization of deferred policy acquisition costs [1]		109			265			187			(36	)		50			(54	%)	NM				247			201			(19	%)
Total benefits and expenses		325			412			867			(103	)		124			(62	%)	NM				604			888			47	%
Core earnings (loss) before income taxes		(91	)		(170	)		(662	)		328			120		NM				(63	%)		115			(214	)	NM
Income tax expense (benefit) [1]		(32	)		(59	)		(232	)		115			42		NM				(63	%)		40			(75	)	NM
Core earnings (loss) [1] [2]		(59	)		(111	)		(430	)		213			78		NM				(63	%)		75			(139	)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(22	)		(154	)		167			(41	)		(121	)	NM				(195	%)		(73	)		5		NM
Net Income (loss) [1]	$	(81	)	$	(265	)	$	(263	)	$	172		$	(43	)		47	%	NM			$	2		$	(134	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings [3]		(64.4	)		(127.6	)		(525.7	)		263.6			89.0		NM				(66	%)		27.5			(52.3	)	NM
Net income [3]		(88.5	)		(304.5	)		(321.5	)		212.8			(49.0	)		45	%	NM				0.7			(50.4	)	NM

[1] The DAC unlock recorded in the three months ended September 30, 2008, March 31, 2009, June 30, 2009, and September 30, 2009 effected each income statement line item as follows:

	September 30, 2008			March 31, 2009			June 30, 2009			September 30, 2009
Other Fees	$	(7	)	$	—		$	—		$	—
Death and other benefits		139			509			(179	)		(22	)
Sales Inducements		1			1			—			2
Amortization of deferred policy acquisition costs		42			135			(86	)		(6	)
Income tax expense (benefit)		(66	)		(225	)		92			9
Core earnings (loss)		(123	)		(420	)		173			17
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		8			2			3			(6	)
Net income (loss)		(115	)		(418	)		176			11

[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
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
VARIABLE ANNUITIES
Beginning balance	$	35,910		$	32,706		$	29,726		$	26,567		$	29,272
Deposits/Premiums/other		868			291			202			100			17
Surrenders		(370	)		(297	)		(127	)		(164	)		(166	)
Death benefits/annuitizations/other [1]		(115	)		(910	)		(136	)		(97	)		(100	)
Transfers - 3 Win [1]		—			(2,171	)		(19	)		—			—
Net Flows		383			(3,087	)		(80	)		(161	)		(249	)
Change in market value/currency/change in reserve/interest credited		(3,508	)		(4,662	)		(774	)		2,209			381
Effect of currency translation		(79	)		4,769			(2,305	)		657			2,294
Ending balance	$	32,706		$	29,726		$	26,567		$	29,272		$	31,698
FIXED MVA AND OTHER [2]
Beginning balance	$	2,212		$	2,416		$	4,769		$	4,379		$	4,437
Deposits/Premiums/other		231			43			21			2			—
Surrenders		(17	)		(62	)		(38	)		(42	)		(28	)
Death benefits/annuitizations/other [1]		(18	)		(190	)		(51	)		(27	)		(27	)
Transfers - 3 Win [1]		—			2,171			19			—			—
Net Flows		196			1,962			(49	)		(67	)		(55	)
Change in market value/currency/change in reserve/interest credited		9			(18	)		52			21			8
Effect of currency translation		(1	)		409			(393	)		104			342
Ending balance	$	2,416		$	4,769		$	4,379		$	4,437		$	4,732
TOTAL JAPAN
Beginning balance	$	38,122		$	35,122		$	34,495		$	30,946		$	33,709
Deposits/Premiums/other		1,099			334			223			102			17
Surrenders		(387	)		(359	)		(165	)		(206	)		(194	)
Death benefits/annuitizations/other [1]		(133	)		(1,100	)		(187	)		(124	)		(127	)
Net Flows		579			(1,125	)		(129	)		(228	)		(304	)
Change in market value/change in reserve/interest credited		(3,499	)		(4,680	)		(722	)		2,230			389
Effect of currency translation		(80	)		5,178			(2,698	)		761			2,636
Ending balance	$	35,122		$	34,495		$	30,946		$	33,709		$	36,430

[1]

The three months ended September 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 $15 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 September 30, 2009 of $4.7 billion, approximately $2.0 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
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
VARIABLE ANNUITIES
Beginning balance	¥	3,806,639		¥	3,472,208		¥	2,694,696		¥	2,624,041		¥	2,824,321
Deposits/Premiums/other		93,342			28,200			18,924			9,808			1,570
Surrenders		(39,753	)		(28,757	)		(11,891	)		(15,849	)		(15,556	)
Death benefits/annuitizations/other [1]		(12,376	)		(111,840	)		(12,708	)		(9,502	)		(9,352	)
Transfers - 3 Win [1]		—			(196,817	)		(1,810	)		—			—
Net Flows		41,213			(309,214	)		(7,485	)		(15,543	)		(23,338	)
Change in market value/change in reserve/interest credited		(375,644	)		(468,298	)		(63,170	)		215,823			37,095
Ending balance		3,472,208			2,694,696			2,624,041			2,824,321			2,838,078
FIXED MVA AND OTHER [2]
Beginning balance		234,442			256,542			432,267			432,525			428,035
Deposits/Premiums/other		24,985			4,016			1,973			202			4
Surrenders		(1,845	)		(5,921	)		(3,626	)		(4,063	)		(2,606	)
Death benefits/annuitizations/other [1]		(1,947	)		(17,386	)		(4,788	)		(2,606	)		(2,558	)
Transfers - 3 Win [1]		—			196,817			1,810			—			—
Net Flows		21,193			177,526			(4,631	)		(6,467	)		(5,160	)
Change in market value/change in reserve/interest credited		1,011			725			2,648			2,646			2,586
Effect of currency translation on USD Fixed Annuity products		(104	)		(2,526	)		2,241			(669	)		(1,786	)
Ending balance		256,542			432,267			432,525			428,035			423,675
TOTAL JAPAN
Beginning balance		4,041,081			3,728,750			3,126,963			3,056,566			3,252,356
Deposits/Premiums/other		118,327			32,216			20,897			10,010			1,574
Surrenders		(41,598	)		(34,678	)		(15,517	)		(19,912	)		(18,162	)
Death benefits/annuitizations/other [1]		(14,323	)		(129,226	)		(17,496	)		(12,108	)		(11,910	)
Net Flows		62,406			(131,688	)		(12,116	)		(22,010	)		(28,498	)
Change in market value/change in reserve/interest credited		(374,633	)		(467,573	)		(60,522	)		218,469			39,681
Effect of currency translation on USD Fixed Annuity products		(104	)		(2,526	)		2,241			(669	)		(1,786	)
Ending balance	¥	3,728,750		¥	3,126,963		¥	3,056,566		¥	3,252,356		¥	3,261,753

[1]

The three months ended September 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 ¥1.4 billion and interest credited of ¥1.5 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 September 30, 2009 of ¥424.0 billion, approximately ¥180.5 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

	THREE MONTHS ENDED															Year Over Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
Revenues	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Premiums and other considerations
Variable annuity fees	$	18		$	13		$	15		$	16		$	16			(11	%)		—		$	57		$	47			(18	%)
Cost of insurance charges		13			16			20			19			8			(38	%)		(58	%)		46			47			2	%
Mutual fund and other fees		9			4			5			3			4			(56	%)		33	%		16			12			(25	%)
Total fee income		40			33			40			38			28			(30	%)		(26	%)		119			106			(11	%)
Direct premiums		241			218			208			74			31			(87	%)		(58	%)		671			313			(53	%)
Total premiums and other considerations		281			251			248			112			59			(79	%)		(47	%)		790			419			(47	%)
Net investment income
Net investment income on G/A assets		231			180			187			212			209			(10	%)		(1	%)		784			608			(22	%)
Net investment income on assigned capital		8			9			5			6			6			(25	%)		—			26			17			(35	%)
Charge for invested capital		1			2			2			2			1			—			(50	%)		3			5			67	%
Total net investment income		240			191			194			220			216			(10	%)		(2	%)		813			630			(23	%)
Net realized capital gains (losses) — core		1			(1	)		(2	)		(2	)		(1	)	NM				50	%		1			(5	)	NM
Total core revenues		522			441			440			330			274			(48	%)		(17	%)		1,604			1,044			(35	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		(606	)		123			(237	)		(93	)		(144	)		76	%		(55	%)		(912	)		(474	)		48	%
Total revenues		(84	)		564			203			237			130		NM				(45	%)		692			570			(18	%)
Benefits and Expenses
Benefits and losses
Death benefits		12			15			20			19			8			(33	%)		(58	%)		42			47			12	%
Other contract benefits		120			130			126			133			134			12	%		1	%		353			393			11	%
Change in reserve		221			198			189			61			13			(94	%)		(79	%)		618			263			(57	%)
Interest credited on G/A assets		132			133			112			110			107			(19	%)		(3	%)		418			329			(21	%)
Total benefits and losses		485			476			447			323			262			(46	%)		(19	%)		1,431			1,032			(28	%)
Other insurance expenses
Commissions & wholesaling expenses		19			11			13			1			5			(74	%)	NM				48			19			(60	%)
Operating expenses		22			18			16			16			17			(23	%)		6	%		67			49			(27	%)
Premium taxes and other expenses		2			3			2			1			(2	)	NM			NM				4			1			(75	%)
Subtotal — expenses before deferral		43			32			31			18			20			(53	%)		11	%		119			69			(42	%)
Deferred policy acquisition costs		(8	)		(5	)		(4	)		(1	)		(1	)		88	%		—			(26	)		(6	)		77	%
Total other insurance expense		35			27			27			17			19			(46	%)		12	%		93			63			(32	%)
Amortization of deferred policy acquisition costs		5			3			5			2			6			20	%	NM				16			13			(19	%)
Total benefits and expenses		525			506			479			342			287			(45	%)		(16	%)		1,540			1,108			(28	%)
Core earnings (loss) before income taxes		(3	)		(65	)		(39	)		(12	)		(13	)	NM				(8	%)		64			(64	)	NM
Income tax expense (benefit)		(4	)		(25	)		(19	)		(7	)		(6	)		(50	%)		14	%		14			(32	)	NM
Core earnings (loss) [1]		1			(40	)		(20	)		(5	)		(7	)	NM				(40	%)		50			(32	)	NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(394	)		81			(154	)		(61	)		(94	)		76	%		(54	%)		(593	)		(309	)		48	%
Net income (loss) [1]	$	(393	)	$	41		$	(174	)	$	(66	)	$	(101	)		74	%		(53	%)	$	(543	)	$	(341	)		37	%
RETURN ON ASSETS (After-tax bps)
Core earnings		0.7			(26.7	)		(13.5	)		(3.3	)		(4.6	)	NM				(39	%)		10.9			(7.1	)	NM
Net income (loss)		(255.6	)		27.4			(117.3	)		(44.1	)		(66.8	)		74	%		(51	%)		(118.5	)		(75.8	)		36	%

[1] The DAC unlock recorded in the three months ended September 30, 2009 decreased both core earnings and net income by $1.

L-28

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

	THREE MONTHS ENDED										Year Over Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2008		2008		2009		2009		2009		Change			Change			2008		2009		Change
Institutional
Structured settlements		231	$	170	$	243	$	101	$	66		(71	%)		(35	%)		642	$	410		(36	%)
Institutional annuities		25		10		5		1		5		(80	%)	NM				86		11		(87	%)
Guaranteed interest products		168		254		3		7		—		(100	%)		(100	%)		1,441		10		(99	%)
Other		111		127		58		41		139		25	%	NM				283		238		(16	%)
Subtotal		535		561		309		150		210		(61	%)		40	%		2,452		669		(73	%)
Mutual funds		282		309		342		702		387		37	%		(45	%)		1,248		1,431		15	%
Total Institutional		817		870		651		852		597		(27	%)		(30	%)		3,700		2,100		(43	%)
Private Placement Life Insurance
Corporate owned		17		45		7		55		16		(6	%)		(71	%)		138		78		(43	%)
Private clients		16		13		22		70		10		(38	%)		(86	%)		51		102		100	%
Total Private Placement Life Insurance		33		58		29		125		26		(21	%)		(79	%)		189		180		(5	%)
Total Institutional Solutions Group	$	850	$	928	$	680	$	977	$	623		(27	%)		(36	%)	$	3,889	$	2,280		(41	%)

L-29

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2008		2008		2009		2009		2009		Change			Change
INSTITUTIONAL
General account [1]	$	19,923	$	19,771	$	21,007	$	20,129	$	18,845		(5	%)		(6	%)
Guaranteed separate account		384		393		371		386		417		9	%		8	%
Non-guaranteed separate account		4,189		3,917		3,576		3,413		3,866		(8	%)		13	%
Total Institutional account value		24,496		24,081		24,954		23,928	$	23,128		(6	%)		(3	%)
Mutual fund assets		3,325		2,578		2,416		3,654		4,453		34	%		22	%
Total Institutional Assets Under Management	$	27,821	$	26,659	$	27,370	$	27,582	$	27,581		(1	%)		—
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	6	$	46	$	45	$	44	$	44	NM				—
Non-guaranteed separate account		32,860		32,413		32,109		32,550		33,153		1	%		2	%
Total Private Placement Life Insurance account value		32,866		32,459		32,154		32,594		33,197		1	%		2	%
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account [1]	$	19,929	$	19,817	$	21,052	$	20,173	$	18,889		(5	%)		(6	%)
Guaranteed separate account		384		393		371		386		417		9	%		8	%
Non-guaranteed separate account		37,049		36,330		35,685		35,963		37,019		—			3	%
Total Institutional Solutions Group account value		57,362		56,540		57,108		56,522		56,325		(2	%)		—
Mutual fund assets		3,325		2,578		2,416		3,654		4,453		34	%		22	%
Total Institutional Solutions Group Assets Under Management	$	60,687	$	59,118	$	59,524	$	60,176	$	60,778		—			1	%
BY PRODUCT
Institutional
Structured settlements	$	6,962	$	7,137	$	7,373	$	7,472	$	7,531		8	%		1	%
Institutional annuities		3,089		3,067		3,030		3,037		3,064		(1	%)		1	%
Guaranteed interest products [1]		9,760		9,353		10,338		9,376		8,047		(18	%)		(14	%)
Other		4,685		4,524		4,213		4,043		4,486		(4	%)		11	%
Total Institutional		24,496		24,081		24,954		23,928		23,128		(6	%)		(3	%)
Private Placement Life Insurance		32,866		32,459		32,154		32,594		33,197		1	%		2	%
Total Institutional Solutions Group account value		57,362		56,540		57,108		56,522		56,325		(2	%)		—
Institutional Mutual Fund Assets		3,325		2,578		2,416		3,654		4,453		34	%		22	%
Total Institutional Solutions Group Assets Under Management	$	60,687	$	59,118	$	59,524	$	60,176	$	60,778		—			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
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2008			2008			2009			2009			2009
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	25,546		$	24,496		$	24,081		$	24,954		$	23,928
Deposits		535			561			309			150			210
Surrenders		(1,294	)		(810	)		(631	)		(1,113	)		(1,457	)
Death benefits/annuity payouts		(201	)		(193	)		(192	)		(182	)		(186	)
Transfers [5]		—			—			—			(318	)		—
Other Flows [4]		—			—			1,469			—			—
Net Flows		(960	)		(442	)		955			(1,463	)		(1,433	)
Change in market value/change in reserve/interest credited		(90	)		27			(82	)		437			633
Ending balance	$	24,496		$	24,081		$	24,954		$	23,928		$	23,128
INSTITUTIONAL MUTUAL FUND ASSETS [2]
Beginning balance	$	3,844		$	3,325		$	2,578		$	2,416		$	3,654
Deposits		282			309			342			702			387
Surrenders		(228	)		(243	)		(237	)		(272	)		(257	)
Transfers [5]		—			—			—			318			—
Net Flows		54			66			105			748			130
Change in market value/change in reserve/interest credited		(573	)		(813	)		(267	)		490			669
Ending balance	$	3,325		$	2,578		$	2,416		$	3,654		$	4,453
PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]
Beginning balance	$	32,944		$	32,866		$	32,459		$	32,154		$	32,594
Deposits		33			58			29			125			26
Surrenders		(27	)		(2	)		(283	)		(2	)		(2	)
Death benefits/annuity payouts		(16	)		(17	)		(46	)		(36	)		(17	)
Net Flows		(10	)		39			(300	)		87			7
Change in market value/change in reserve/interest credited		(42	)		(419	)		52			408			624
Other [3]		(26	)		(27	)		(57	)		(55	)		(28	)
Ending balance	$	32,866		$	32,459		$	32,154		$	32,594		$	33,197
INSTITUTIONAL SOLUTIONS GROUP
Beginning balance	$	62,334		$	60,687		$	59,118		$	59,524		$	60,176
Deposits		850			928			680			977			623
Surrenders		(1,549	)		(1,055	)		(1,151	)		(1,387	)		(1,716	)
Death benefits/annuity payouts		(217	)		(210	)		(238	)		(218	)		(203	)
Other Flows [4]		—			—			1,469			—			—
Net Flows		(916	)		(337	)		760			(628	)		(1,296	)
Change in market value/change in reserve/interest credited		(705	)		(1,205	)		(297	)		1,335			1,926
Other [3]		(26	)		(27	)		(57	)		(55	)		(28	)
Ending balance	$	60,687		$	59,118		$	59,524		$	60,176		$	60,778

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,593		$	2,467		$	2,459		$	2,463		$	2,436			(6	%)		(1	%)	$	7,764		$	7,358			(5	%)
Earned premiums		2,568			2,570			2,511			2,478			2,431			(5	%)		(2	%)		7,768			7,420			(4	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		(45	)		202			75			(10	)		(11	)		76	%		(10	%)		78			54			(31	%)
Small Commercial		82			167			87			74			90			10	%		22	%		270			251			(7	%)
Middle Market		(37	)		148			69			56			61		NM				9	%		21			186		NM
Specialty Commercial		(44	)		58			23			36			30		NM				(17	%)		13			89		NM
Ongoing Operations underwriting results		(44	)		575			254			156			170		NM				9	%		382			580			52	%
Other Operations [1]		(61	)		(7	)		(5	)		(124	)		(88	)		(44	%)		29	%		(138	)		(217	)		(57	%)
Total Property & Casualty underwriting results	$	(105	)	$	568		$	249		$	32		$	82		NM				156	%	$	244		$	363			49	%
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		63.8			58.0			63.0			61.9			65.2			(1.4	)		(3.3	)		63.1			63.4			(0.3	)
Current accident year catastrophes [3]		12.7			(0.1	)		2.6			5.8			4.7			8.0			1.1			7.0			4.3			2.7
Prior accident years [4]		(2.8	)		(7.6	)		(2.7	)		(2.4	)		(5.5	)		2.7			3.1			(2.1	)		(3.5	)		1.4
Total losses and loss adjustment expenses		73.7			50.3			62.8			65.3			64.4			9.3			0.9			68.1			64.2			3.9
Expenses [5]		27.3			27.1			26.8			28.2			28.4			(1.1	)		(0.2	)		26.4			27.8			(1.4	)
Policyholder dividends [6]		0.7			0.2			0.2			0.2			0.2			0.5			—			0.5			0.2			0.3
Combined ratio		101.7			77.6			89.9			93.7			93.0			8.7			0.7			95.1			92.2			2.9
Catastrophes
Current year		12.7			(0.1	)		2.6			5.8			4.7			8.0			1.1			7.0			4.3			2.7
Prior year		(0.2	)		(0.2	)		0.2			(0.2	)		(0.4	)		0.2			0.2			(0.2	)		(0.1	)		(0.1	)
Catastrophe ratio		12.5			(0.4	)		2.8			5.6			4.4			8.1			1.2			6.8			4.3			2.5
Combined ratio before catastrophes		89.2			78.0			87.1			88.1			88.6			0.6			(0.5	)		88.2			87.9			0.3
Combined ratio before catastrophes and prior year development		91.8			85.3			90.0			90.4			93.8			(2.0	)		(3.4	)		90.1			91.4			(1.3	)
Total Property & Casualty Income and ROE
Net (loss) income	$	(774	)	$	291		$	112		$	173		$	190		NM				10	%	$	(199	)	$	475		NM
Core earnings	$	156		$	452		$	321		$	212		$	246			58	%		16	%	$	865		$	779			(10	%)
Core earnings ROE (rolling 12 months income)
Ongoing Operations		18.1	%		17.1	%		16.0	%		14.9	%		17.5	%		(0.6	)		2.6
Other Operations		7.9	%		5.7	%		6.1	%		(4.3	%)		(10.7	%)		(18.6	)		(6.4	)
Total Property & Casualty		17.2	%		16.2	%		15.2	%		13.8	%		15.8	%		(1.4	)		2.0

	PROPERTY & CASUALTY
	Dec. 31,		Sept. 30,
	2008		2009		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	6.0	$	6.8	$	0.8
Total Property and Casualty premium to adjusted surplus ratio		1.7		1.5		(0.2	)

[1]	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. The three months ended September 30, 2009 included environmental reserve strengthening of $75.
[2]	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. The three months ended September 30, 2009 included current accident year reserve strengthening, totaling 0.3 points, primarily related to Personal Lines auto liability 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 and nine months ended September 30, 2008 were increases of 0.4 points and 0.3 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,593		$	2,467		$	2,459		$	2,463		$	2,436			(6	%)		(1	%)	$	7,764		$	7,358			(5	%)
Change in unearned premium reserve		25			(103	)		(52	)		(15	)		5			(80	%)	NM				(4	)		(62	)	NM
Earned premiums		2,568			2,570			2,511			2,478			2,431			(5	%)		(2	%)		7,768			7,420			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,638			1,488			1,581			1,534			1,586			(3	%)		3	%		4,902			4,701			(4	%)
Current accident year catastrophes [2]		325			(3	)		65			142			115			(65	%)		(19	%)		546			322			(41	%)
Prior accident years [3]		(14	)		(192	)		(68	)		62			(52	)	NM			NM				(34	)		(58	)		(71	%)
Total losses and loss adjustment expenses		1,949			1,293			1,578			1,738			1,649			(15	%)		(5	%)		5,414			4,965			(8	%)
Underwriting expenses [4]		707			704			679			703			695			(2	%)		(1	%)		2,068			2,077			—
Dividends to policyholders [5]		17			5			5			5			5			(71	%)		—			42			15			(64	%)
Underwriting results		(105	)		568			249			32			82		NM				156	%		244			363			49	%
Net servicing income		14			10			8			7			10			(29	%)		43	%		21			25			19	%
Net investment income [6]		335			162			225			280			294			(12	%)		5	%		1,091			799			(27	%)
Periodic net coupon settlements on credit derivatives, before-tax		2			(3	)		(3	)		(4	)		(3	)	NM				25	%		5			(10	)	NM
Other expenses		(57	)		(41	)		(49	)		(50	)		(46	)		19	%		8	%		(181	)		(145	)		20	%
Income tax expense		(33	)		(244	)		(109	)		(53	)		(91	)		(176	%)		(72	%)		(315	)		(253	)		20	%
Core earnings		156			452			321			212			246			58	%		16	%		865			779			(10	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(930	)		(161	)		(209	)		(39	)		(56	)		94	%		(44	%)		(1,064	)		(304	)		71	%
Net (loss) income	$	(774	)	$	291		$	112		$	173		$	190		NM				10	%	$	(199	)	$	475		NM
Total Property & Casualty effective tax rate — net income		37.6	%		35.7	%		(2.1	%)		9.8	%		23.9	%		(13.7	)		14.1			56.3	%		13.8	%		(42.5	)
Total Property & Casualty effective tax rate — core earnings		17.6	%		35.1	%		25.2	%		20.5	%		26.8	%		9.2			6.3			26.7	%		24.5	%		(2.2	)

[1]	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. The three months ended September 30, 2009 included current accident year reserve strengthening of $8, primarily related to Personal Lines auto liability 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. The three months ended September 30, 2009 included $45 or reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general liability claims, partially offset by $75 of environmental reserve strengthening.
[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 and nine months ended September 30, 2008 were increases of $11 and $26, 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. The decrease in net investment income for the three months ended September 30, 2009 was primarily driven by lower asset levels and yields on taxable fixed maturities, partially offset by lower losses on limited partnerships and other alternative investments.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,592		$	2,465		$	2,458		$	2,462		$	2,436			(6	%)		(1	%)	$	7,759		$	7,356			(5	%)
Change in unearned premium reserve		25			(102	)		(53	)		(15	)		5			(80	%)	NM				(5	)		(63	)	NM
Earned premiums		2,567			2,567			2,511			2,477			2,431			(5	%)		(2	%)		7,764			7,419			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,638			1,488			1,581			1,534			1,586			(3	%)		3	%		4,902			4,701			(4	%)
Current accident year catastrophes [2]		325			(3	)		65			142			115			(65	%)		(19	%)		546			322			(41	%)
Prior accident years [3]		(70	)		(195	)		(68	)		(59	)		(135	)		(93	%)		(129	%)		(160	)		(262	)		(64	%)
Total losses and loss adjustment expenses		1,893			1,290			1,578			1,617			1,566			(17	%)		(3	%)		5,288			4,761			(10	%)
Underwriting expenses [4]		701			697			674			699			690			(2	%)		(1	%)		2,052			2,063			1	%
Dividends to policyholders [5]		17			5			5			5			5			(71	%)		—			42			15			(64	%)
Underwriting results		(44	)		575			254			156			170		NM				9	%		382			580			52	%
Net servicing income		14			10			8			7			10			(29	%)		43	%		21			25			19	%
Net investment income [6]		285			127			185			239			254			(11	%)		6	%		929			678			(27	%)
Periodic net coupon settlements on credit derivatives, before-tax		2			(3	)		(3	)		(4	)		(3	)	NM				25	%		5			(10	)	NM
Other expenses		(58	)		(39	)		(50	)		(48	)		(47	)		19	%		2	%		(180	)		(145	)		19	%
Income tax expense		(39	)		(236	)		(97	)		(87	)		(106	)		(172	%)		(22	%)		(316	)		(290	)		8	%
Core earnings		160			434			297			263			278			74	%		6	%		841			838			—
Add: Net realized capital losses, after-tax, excluded from core earnings		(826	)		(137	)		(186	)		(41	)		(49	)		94	%		(20	%)		(949	)		(276	)		71	%
Net (loss) income	$	(666	)	$	297		$	111		$	222		$	229		NM				3	%	$	(108	)	$	562		NM
Ongoing Operations effective tax rate — net incom		37.8	%		35.4	%		(2.5	%)		18.8	%		25.8	%		(12.0	)		7.0			64.4	%		18.6	%		(45.8	)
Ongoing Operations effective tax rate — core earnings		19.8	%		35.3	%		24.8	%		24.7	%		27.6	%		7.8			2.9			27.3	%		25.7	%		(1.6	)

[1]	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. The three months ended September 30, 2009 included current accident year reserve strengthening of $8, primarily related to Personal Lines auto liability 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. The three months ended September 30, 2009 included $45 or reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general 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 and nine months ended September 30, 2008 were increases of $11 and $26, 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. The decrease in net investment income for the three months ended September 30, 2009 was primarily driven by lower asset levels and yields on taxable fixed maturities, partially offset by lower losses on limited partnerships and other alternative investments.

PC-3

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

	Personal			Small			Middle			Specialty			Ongoing
	Lines			Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,048		$	626		$	496		$	266		$	2,436
Change in unearned premium reserve		60			(14	)		(14	)		(27	)		5
Earned premiums		988			640			510			293			2,431
Losses and loss adjustment expenses
Current accident year before catastrophes		695			349			333			209			1,586
Current accident year catastrophes		90			19			6			—			115
Prior accident years		(25	)		(19	)		(52	)		(39	)		(135	)
Total losses and loss adjustment expenses		760			349			287			170			1,566
Underwriting expenses		239			200			160			91			690
Dividends to policyholders		—			1			2			2			5
Underwriting results	$	(11	)	$	90		$	61		$	30		$	170
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		70.3			54.7			65.1			71.1			65.2
Current accident year catastrophes		9.1			2.9			1.2			0.2			4.7
Prior accident years [1]		(2.5	)		(3.1	)		(10.1	)		(13.0	)		(5.5	)
Total losses and loss adjustment expenses		76.9			54.5			56.2			58.3			64.4
Expenses		24.2			31.2			31.4			31.0			28.4
Policyholder dividends		—			0.2			0.4			0.5			0.2
Combined ratio		101.1			85.9			88.0			89.8			93.0
Catastrophes
Current year		9.1			2.9			1.2			0.2			4.7
Prior year		(1.0	)		(0.1	)		0.2			0.2			(0.4	)
Catastrophe ratio		8.1			2.9			1.4			0.4			4.4
Combined ratio before catastrophes		93.0			83.0			86.6			89.4			88.6
Combined ratio before catastrophes and prior year development		94.5			86.0			97.0			102.6			93.8

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

PC-4

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

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009

	Personal			Small			Middle			Specialty			Ongoing
	Lines			Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	3,037		$	1,962		$	1,504		$	853		$	7,356
Change in unearned premium reserve		85			27			(92	)		(83	)		(63	)
Earned premiums		2,952			1,935			1,596			936			7,419
Losses and loss adjustment expenses
Current accident year before catastrophes		1,971			1,051			1,023			656			4,701
Current accident year catastrophes		242			48			30			2			322
Prior accident years		(15	)		(4	)		(132	)		(111	)		(262	)
Total losses and loss adjustment expenses		2,198			1,095			921			547			4,761
Underwriting expenses		700			586			481			296			2,063
Dividends to policyholders		—			3			8			4			15
Underwriting results	$	54		$	251		$	186		$	89		$	580
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		66.8			54.3			64.1			70.0			63.4
Current accident year catastrophes		8.2			2.5			1.9			0.2			4.3
Prior accident years [1]		(0.5	)		(0.2	)		(8.3	)		(11.9	)		(3.5	)
Total losses and loss adjustment expenses		74.5			56.6			57.7			58.4			64.2
Expenses		23.7			30.3			30.1			31.6			27.8
Policyholder dividends		—			0.2			0.5			0.5			0.2
Combined ratio		98.2			87.0			88.3			90.5			92.2
Catastrophes
Current year		8.2			2.5			1.9			0.2			4.3
Prior year		0.3			(0.1	)		(0.6	)		(0.6	)		(0.1	)
Catastrophe ratio		8.5			2.4			1.3			(0.4	)		4.3
Combined ratio before catastrophes		89.7			84.6			87.0			90.9			87.9
Combined ratio before catastrophes and prior year development		90.5			84.8			94.7			102.1			91.4

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

PC-5

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	2,592		$	2,465		$	2,458		$	2,462		$	2,436			(6	%)		(1	%)	$	7,759		$	7,356			(5	%)
Change in unearned premium reserve		25			(102	)		(53	)		(15	)		5			(80	%)	NM				(5	)		(63	)	NM
Earned premiums		2,567			2,567			2,511			2,477			2,431			(5	%)		(2	%)		7,764			7,419			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,638			1,488			1,581			1,534			1,586			(3	%)		3	%		4,902			4,701			(4	%)
Current accident year catastrophes [2]		325			(3	)		65			142			115			(65	%)		(19	%)		546			322			(41	%)
Prior accident years [3]		(70	)		(195	)		(68	)		(59	)		(135	)		(93	%)		(129	%)		(160	)		(262	)		(64	%)
Total losses and loss adjustment expenses		1,893			1,290			1,578			1,617			1,566			(17	%)		(3	%)		5,288			4,761			(10	%)
Underwriting expenses [4]		701			697			674			699			690			(2	%)		(1	%)		2,052			2,063			1	%
Dividends to policyholders [5]		17			5			5			5			5			(71	%)		—			42			15			(64	%)
Underwriting results	$	(44	)	$	575		$	254		$	156		$	170		NM				9	%	$	382		$	580			52	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		63.8			58.0			63.0			61.9			65.2			(1.4	)		(3.3	)		63.1			63.4			(0.3	)
Current accident year catastrophes [2]		12.7			(0.1	)		2.6			5.8			4.7			8.0			1.1			7.0			4.3			2.7
Prior accident years [3] [6]		(2.8	)		(7.6	)		(2.7	)		(2.4	)		(5.5	)		2.7			3.1			(2.1	)		(3.5	)		1.4
Total losses and loss adjustment expenses		73.7			50.3			62.8			65.3			64.4			9.3			0.9			68.1			64.2			3.9
Expenses		27.3			27.1			26.8			28.2			28.4			(1.1	)		(0.2	)		26.4			27.8			(1.4	)
Policyholder dividends		0.7			0.2			0.2			0.2			0.2			0.5			—			0.5			0.2			0.3
Combined ratio		101.7			77.6			89.9			93.7			93.0			8.7			0.7			95.1			92.2			2.9
Catastrophes
Current year		12.7			(0.1	)		2.6			5.8			4.7			8.0			1.1			7.0			4.3			2.7
Prior year		(0.2	)		(0.2	)		0.2			(0.2	)		(0.4	)		0.2			0.2			(0.2	)		(0.1	)		(0.1	)
Catastrophe ratio		12.5			(0.4	)		2.8			5.6			4.4			8.1			1.2			6.8			4.3			2.5
Combined ratio before catastrophes		89.2			78.0			87.1			88.1			88.6			0.6			(0.5	)		88.2			87.9			0.3
Combined ratio before catastrophes and prior year development		91.8			85.3			90.0			90.4			93.8			(2.0	)		(3.4	)		90.1			91.4			(1.3	)

[1]	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. The three months ended September 30, 2009 included current accident year reserve strengthening, totaling $8, or 0.3 points, primarily related to Personal Lines auto liability 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. The three months ended September 30, 2009 included $45 or reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general 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 and nine months ended September 30, 2008 were increases of $11 and $26, 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	1,024		$	936		$	944		$	1,045		$	1,048			2	%		—		$	2,989		$	3,037			2	%
Change in unearned premium reserve		46			(49	)		(35	)		60			60			30	%		—			48			85			77	%
Earned premiums		978			985			979			985			988			1	%		—			2,941			2,952			—
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		634			628			627			649			695			10	%		7	%		1,914			1,971			3	%
Current accident year catastrophes [2]		168			(37	)		42			110			90			(46	%)		(18	%)		295			242			(18	%)
Prior accident years [3]		(9	)		(35	)		10			—			(25	)		(178	%)		—			(16	)		(15	)		6	%
Total losses and loss adjustment expenses		793			556			679			759			760			(4	%)		—			2,193			2,198			—
Underwriting expenses [4]		230			227			225			236			239			4	%		1	%		670			700			4	%
Underwriting results	$	(45	)	$	202		$	75		$	(10	)	$	(11	)		76	%		(10	%)	$	78		$	54			(31	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		64.7			63.8			64.1			65.9			70.3			(5.6	)		(4.4	)		65.1			66.8			(1.7	)
Current accident year catastrophes [2]		17.2			(3.8	)		4.3			11.2			9.1			8.1			2.1			10.0			8.2			1.8
Prior accident years [3] [5]		(0.9	)		(3.5	)		1.1			—			(2.5	)		1.6			2.5			(0.6	)		(0.5	)		(0.1	)
Total losses and loss adjustment expenses		81.1			56.5			69.4			77.0			76.9			4.2			0.1			74.6			74.5			0.1
Expenses		23.5			23.0			23.0			24.0			24.2			(0.7	)		(0.2	)		22.8			23.7			(0.9	)
Combined ratio		104.6			79.5			92.4			101.0			101.1			3.5			(0.1	)		97.3			98.2			(0.9	)
Catastrophes
Current year		17.2			(3.8	)		4.3			11.2			9.1			8.1			2.1			10.0			8.2			1.8
Prior year		0.8			0.3			1.1			0.8			(1.0	)		1.8			1.8			0.2			0.3			(0.1	)
Catastrophe ratio		18.1			(3.5	)		5.4			12.0			8.1			10.0			3.9			10.2			8.5			1.7
Combined ratio before catastrophes		86.5			82.9			87.0			89.0			93.0			(6.5	)		(4.0	)		87.2			89.7			(2.5	)
Combined ratio before catastrophes and prior year development		88.3			86.8			87.0			89.8			94.5			(6.2	)		(4.7	)		87.9			90.5			(2.6	)
COMBINED RATIO
Automobile		90.5			86.5			89.3			95.6			98.1			(7.6	)		(2.5	)		92.5			94.3			(1.8	)
Homeowners		141.2			61.7			100.3			114.9			109.2			32.0			5.7			109.9			108.2			1.7
Total		104.6			79.5			92.4			101.0			101.1			3.5			(0.1	)		97.3			98.2			(0.9	)

[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. The three months ended September 30, 2009 included current accident year reserve strengthening of $10, or 1.0 points, related to Personal Lines 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. The three months ended September 30, 2009 included $20 of reserve releases related to Personal Lines 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	741		$	669		$	681		$	763		$	755			2	%		(1	%)	$	2,144		$	2,199			3	%
Agency		269			252			249			268			280			4	%		4	%		798			797			—
Other		14			15			14			14			13			(7	%)		(7	%)		47			41			(13	%)
Total	$	1,024		$	936		$	944		$	1,045		$	1,048			2	%		—		$	2,989		$	3,037			2	%
EARNED PREMIUMS [1]
AARP	$	695		$	705		$	703		$	709		$	712			2	%		—		$	2,073		$	2,124			2	%
Agency		266			264			261			261			261			(2	%)		—			816			783			(4	%)
Other		17			16			15			15			15			(12	%)		—			52			45			(13	%)
Total	$	978		$	985		$	979		$	985		$	988			1	%		—		$	2,941		$	2,952			—
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	726		$	676		$	707		$	742		$	741			2	%		—		$	2,153		$	2,190			2	%
Homeowners		298			260			237			303			307			3	%		1	%		836			847			1	%
Total	$	1,024		$	936		$	944		$	1,045		$	1,048			2	%		—		$	2,989		$	3,037			2	%
EARNED PREMIUMS [1]
Automobile	$	707		$	704		$	704		$	711		$	716			1	%		1	%	$	2,120		$	2,131			1	%
Homeowners		271			281			275			274			272			—			(1	%)		821			821			—
Total	$	978		$	985		$	979		$	985		$	988			1	%		—		$	2,941		$	2,952			—
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases) [2]
Automobile		4	%		3	%		3	%		3	%		3	%		(1	%)		—			4	%		3	%		(1	%)
Homeowners		6	%		6	%		6	%		5	%		5	%		(1	%)		—			6	%		5	%		(1	%)
																											��
Premium Retention
Automobile		86	%		86	%		85	%		85	%		86	%		—			1	%		87	%		85	%		(2	%)
Homeowners		90	%		88	%		88	%		87	%		90	%		—			3	%		90	%		88	%		(2	%)
New Business Premium $
Automobile	$	97		$	96		$	115		$	124		$	117			21	%		(6	%)	$	268		$	356			33	%
Homeowners	$	29		$	26		$	31		$	40		$	42			45	%		5	%	$	80		$	113			41	%
Policies in force
Automobile		2,324,124			2,323,882			2,347,967			2,375,240			2,394,043			3	%		1	%
Homeowners		1,465,907			1,455,954			1,460,172			1,471,287			1,483,795			1	%		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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	652		$	622		$	693		$	643		$	626			(4	%)		(3	%)	$	2,074		$	1,962			(5	%)
Change in unearned premium reserve		(26	)		(54	)		41			—			(14	)		46	%		—			26			27			4	%
Earned premiums		678			676			652			643			640			(6	%)		—			2,048			1,935			(6	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		380			317			362			340			349			(8	%)		3	%		1,130			1,051			(7	%)
Current accident year catastrophes [2]		49			29			6			23			19			(61	%)		(17	%)		93			48			(48	%)
Prior accident years [3]		(46	)		(39	)		5			10			(19	)		59	%	NM				(50	)		(4	)		92	%
Total losses and loss adjustment expenses		383			307			373			373			349			(9	%)		(6	%)		1,173			1,095			(7	%)
Underwriting expenses [4]		204			201			191			195			200			(2	%)		3	%		592			586			(1	%)
Dividends to policyholders [5]		9			1			1			1			1			(89	%)		—			13			3			(77	%)
Underwriting results	$	82		$	167		$	87		$	74		$	90			10	%		22	%	$	270		$	251			(7	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		56.3			46.8			55.5			52.8			54.7			1.6			(1.9	)		55.2			54.3			0.9
Current accident year catastrophes [2]		7.0			4.4			1.0			3.6			2.9			4.1			0.7			4.5			2.5			2.0
Prior accident years [3] [6]		(6.8	)		(5.8	)		0.8			1.5			(3.1	)		(3.7	)		4.6			(2.4	)		(0.2	)		(2.2	)
Total losses and loss adjustment expenses		56.5			45.4			57.3			58.0			54.5			2.0			3.5			57.2			56.6			0.6
Expenses		30.1			29.7			29.3			30.4			31.2			(1.1	)		(0.8	)		28.9			30.3			(1.4	)
Policyholder dividends		1.3			0.2			0.1			0.2			0.2			1.1			—			0.6			0.2			0.4
Combined ratio		87.9			75.4			86.6			88.6			85.9			2.0			2.7			86.8			87.0			(0.2	)
Catastrophes
Current year		7.0			4.4			1.0			3.6			2.9			4.1			0.7			4.5			2.5			2.0
Prior year		(0.5	)		—			0.1			(0.3	)		(0.1	)		(0.4	)		(0.2	)		(0.1	)		(0.1	)		—
Catastrophe ratio		6.5			4.4			1.1			3.3			2.9			3.6			0.4			4.4			2.4			2.0
Combined ratio before catastrophes		81.4			71.0			85.5			85.3			83.0			(1.6	)		2.3			82.4			84.6			(2.2	)
Combined ratio before catastrophes and prior year development		87.7			76.8			84.8			83.4			86.0			1.7			(2.6	)		84.7			84.8			(0.1	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(2	%)		1	%		—			—			(1	%)		1	%		(1	%)		(2	%)		(1	%)		1	%
Premium Retention		83	%		81	%		79	%		78	%		78	%		(5	%)		—			82	%		78	%		(4	%)
New Business Premium $	$	105		$	97		$	119		$	120		$	126			20	%		5	%	$	349		$	365			5	%
Policies in force		1,062,291			1,055,463			1,053,568			1,060,482			1,069,157			1	%		1	%

[1]	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, December 31, 2008 and September 30, 2009 included reserve releases of $33, $20 and $13, 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 and nine months ended September 30, 2008 were increases of $6 and $8, 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-9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	571		$	577		$	526		$	482		$	496			(13	%)		3	%	$	1,665		$	1,504			(10	%)
Change in unearned premium reserve		2			15			(22	)		(56	)		(14	)	NM				75	%		(72	)		(92	)		(28	%)
Earned premiums		569			562			548			538			510			(10	%)		(5	%)		1,737			1,596			(8	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		389			314			359			331			333			(14	%)		1	%		1,146			1,023			(11	%)
Current accident year catastrophes [2]		64			10			16			8			6			(91	%)		(25	%)		106			30			(72	%)
Prior accident years [3]		(18	)		(79	)		(58	)		(22	)		(52	)		(189	%)		(136	%)		(55	)		(132	)		(140	%)
Total losses and loss adjustment expenses		435			245			317			317			287			(34	%)		(9	%)		1,197			921			(23	%)
Underwriting expenses [4]		167			167			160			161			160			(4	%)		(1	%)		500			481			(4	%)
Dividends to policyholders [5]		4			2			2			4			2			(50	%)		(50	%)		19			8			(58	%)
Underwriting results	$	(37	)	$	148		$	69		$	56		$	61		NM				9	%	$	21		$	186		NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		68.1			56.0			65.5			61.6			65.1			3.0			(3.5	)		65.9			64.1			1.8
Current accident year catastrophes [2]		11.2			1.8			2.8			1.6			1.2			10.0			0.4			6.1			1.9			4.2
Prior accident years [3] [6]		(3.2	)		(14.1	)		(10.5	)		(4.2	)		(10.1	)		6.9			5.9			(3.2	)		(8.3	)		5.1
Total losses and loss adjustment expenses		76.1			43.7			57.8			59.1			56.2			19.9			2.9			68.8			57.7			11.1
Expenses		29.6			29.7			29.3			29.8			31.4			(1.8	)		(1.6	)		28.8			30.1			(1.3	)
Policyholder dividends		0.7			0.3			0.4			0.6			0.4			0.3			0.2			1.1			0.5			0.6
Combined ratio		106.4			73.7			87.5			89.5			88.0			18.4			1.5			98.8			88.3			10.5
Catastrophes
Current year		11.2			1.8			2.8			1.6			1.2			10.0			0.4			6.1			1.9			4.2
Prior year		(1.1	)		(0.8	)		(1.0	)		(0.8	)		0.2			(1.3	)		(1.0	)		(0.4	)		(0.6	)		0.2
Catastrophe ratio		10.1			1.1			1.8			0.8			1.4			8.7			(0.6	)		5.7			1.3			4.4
Combined ratio before catastrophes		96.3			72.7			85.7			88.7			86.6			9.7			2.1			93.1			87.0			6.1
Combined ratio before catastrophes and prior year development		98.4			86.0			95.2			92.1			97.0			1.4			(4.9	)		95.8			94.7			1.1
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(5	%)		(3	%)		(2	%)		(1	%)		(1	%)		4	%		—			(6	%)		(2	%)		4	%
Premium Retention		78	%		77	%		75	%		71	%		71	%		(7	%)		—			78	%		73	%		(5	%)
New Business Premium $	$	111		$	103		$	115		$	106		$	103			(7	%)		(3	%)	$	317		$	324			2	%
Policies in force [7]		97,388			97,308			97,176			96,574			95,966			(1	%)		(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. The three months ended September 30, 2009 included a current accident year reserve release, totaling $2, or 0.4 points, primarily related to general liability 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 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, June 30, 2009 and September 30, 2009 included reserve releases of $38, $33 and $14, respectively, related to general liability claims. The three months ended September 30, 2009 included $32 of reserve releases related to workers’ compensation 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 nine months ended September 30, 2008 was a $14 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums [1]	$	345		$	330		$	295		$	292		$	266			(23	%)		(9	%)	$	1,031		$	853			(17	%)
Change in unearned premium reserve		3			(14	)		(37	)		(19	)		(27	)	NM				(42	%)		(7	)		(83	)	NM
Earned premiums		342			344			332			311			293			(14	%)		(6	%)		1,038			936			(10	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		235			229			233			214			209			(11	%)		(2	%)		712			656			(8	%)
Current accident year catastrophes [3]		44			(5	)		1			1			—			(100	%)		(100	%)		52			2			(96	%)
Prior accident years [4]		3			(42	)		(25	)		(47	)		(39	)	NM				17	%		(39	)		(111	)		(185	%)
Total losses and loss adjustment expenses		282			182			209			168			170			(40	%)		1	%		725			547			(25	%)
Underwriting expenses [5]		100			102			98			107			91			(9	%)		(15	%)		290			296			2	%
Dividends to policyholders [6]		4			2			2			—			2			(50	%)		—			10			4			(60	%)
Underwriting results	$	(44	)	$	58		$	23		$	36		$	30		NM				(17	%)	$	13		$	89		NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		68.7			66.4			70.3			68.7			71.1			(2.4	)		(2.4	)		68.6			70.0			(1.4	)
Current accident year catastrophes [3]		13.2			(1.7	)		0.1			0.3			0.2			13.0			0.1			5.1			0.2			4.9
Prior accident years [4] [7]		0.6			(12.0	)		(7.9	)		(15.0	)		(13.0	)		13.6			(2.0	)		(3.8	)		(11.9	)		8.1
Total losses and loss adjustment expenses		82.5			52.7			62.6			54.0			58.3			24.2			(4.3	)		69.9			58.4			11.5
Expenses		29.0			29.7			29.5			34.5			31.0			(2.0	)		3.5			27.9			31.6			(3.7	)
Policyholder dividends		1.3			0.5			0.7			0.1			0.5			0.8			(0.4	)		1.0			0.5			0.5
Combined ratio		112.8			83.0			92.8			88.7			89.8			23.0			(1.1	)		98.8			90.5			8.3
Catastrophes
Current year		13.2			(1.7	)		0.1			0.3			0.2			13.0			0.1			5.1			0.2			4.9
Prior year		(0.8	)		(1.5	)		(0.2	)		(1.7	)		0.2			(1.0	)		(1.9	)		(1.0	)		(0.6	)		(0.4	)
Catastrophe ratio		12.4			(3.2	)		(0.1	)		(1.4	)		0.4			12.0			(1.8	)		4.0			(0.4	)		4.4
Combined ratio before catastrophes		100.4			86.1			92.9			90.1			89.4			11.0			0.7			94.7			90.9			3.8
																														��
Combined ratio before catastrophes and prior year development		99.0			96.7			100.5			103.4			102.6			(3.6	)		0.8			97.4			102.1			(4.7	)

[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, March 31, 2009 and September 30, 2009 included reserve releases of $30, $20 and $24, 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 policyholder dividends for the nine months ended September, 30, 2008 was a $5 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[7]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-11

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

												Year Over
	THREE MONTHS ENDED											Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,			Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2008		2008		2009			2009		2009		Change			Change			2008		2009			Change
WRITTEN PREMIUMS [1]
Property [2]	$	14	$	15	$	(16	)	$	—	$	—		(100	%)		—		$	35	$	(16	)	NM
Casualty		134		110		150			128		109		(19	%)		(15	%)		428		387			(10	%)
Professional Liability, Fidelity and Surety		178		185		143			148		140		(21	%)		(5	%)		506		431			(15	%)
Other		19		20		18			16		17		(11	%)		6	%		62		51			(18	%)
Total	$	345	$	330	$	295		$	292	$	266		(23	%)		(9	%)	$	1,031	$	853			(17	%)
EARNED PREMIUMS [1]
Property	$	19	$	17	$	13		$	3	$	3		(84	%)		—		$	70	$	19			(73	%)
Casualty		131		131		130			124		116		(11	%)		(6	%)		395		370			(6	%)
Professional Liability, Fidelity and Surety		173		173		171			165		158		(9	%)		(4	%)		512		494			(4	%)
Other		19		23		18			19		16		(16	%)		(16	%)		61		53			(13	%)
Total	$	342	$	344	$	332		$	311	$	293		(14	%)		(6	%)	$	1,038	$	936			(10	%)

[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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
UNDERWRITING RESULTS
Written premiums	$	1		$	2		$	1		$	1		$	—			(100	%)		(100	%)	$	5		$	2			(60	%)
Change in unearned premium reserve		—			(1	)		1			—			—			—			—			1			1			—
Earned premiums		1			3			—			1			—			(100	%)		(100	%)		4			1			(75	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—			—			—			—
Prior accident years [1]		56			3			—			121			83			48	%		(31	%)		126			204			62	%
Total losses and loss adjustment expenses		56			3			—			121			83			48	%		(31	%)		126			204			62	%
Underwriting expenses		6			7			5			4			5			(17	%)		25	%		16			14			(13	%)
Underwriting results	$	(61	)	$	(7	)	$	(5	)	$	(124	)	$	(88	)		(44	%)		29	%	$	(138	)	$	(217	)		(57	%)
Net investment income		50			35			40			41			40			(20	%)		(2	%)		162			121			(25	%)
Other expenses		1			(2	)		1			(2	)		1			—		NM				(1	)		—			100	%
Income tax benefit (expense)		6			(8	)		(12	)		34			15			150	%		(56	%)		1			37		NM
Core earnings		(4	)		18			24			(51	)		(32	)	NM				37	%		24			(59	)	NM
Add: Net realized capital (losses) gains, after-tax		(104	)		(24	)		(23	)		2			(7	)		93	%	NM				(115	)		(28	)		76	%
Net (loss) income	$	(108	)	$	(6	)	$	1		$	(49	)	$	(39	)		64	%		20	%	$	(91	)	$	(87	)		4	%

[1] 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. The three months ended September 30, 2009 included environmental reserve strengthening of $75.

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 September 30, 2009
Beginning liability — net [2] [3]	$	1,997		$	257		$	1,467		$	3,721
Losses and loss adjustment expenses incurred		—			75			8			83
Losses and loss adjustment expenses paid		(57	)		(13	)		(25	)		(95	)
Ending liability — net [2] [3]	$	1,940	[5]	$	319		$	1,450		$	3,709

	Asbestos			Environmental			All Other [1]			Total
For the Nine Months Ended September 30, 2009
Beginning liability — net [2] [3]	$	1,884		$	269		$	1,628			$	3,781
Losses and loss adjustment expenses incurred		138			75			(9	)			204
Losses and loss adjustment expenses paid		(133	)		(28	)		(115	)			(276	)
Reclassification of asbestos and environmental liabilities [4]		51			3			(54	)			—
Ending liability — net [2] [3]	$	1,940	[5]	$	319		$	1,450			$	3,709

[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 September 30, 2009. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three and nine months ended September 30, 2009 includes $4 and $12, respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three and nine months ended September 30, 2009 includes $3 and $13, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,550 and $384, respectively, as of September 30, 2009.
[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 $204 and $225, respectively, resulting in a one year net survival ratio of 9.6 and a three year net survival ratio of 8.7. Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

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

	As of September 30, 2009
	Number of
	Accounts [1]		Total Reserves
Accounts with future exposure > $2.5		8	$	43
Accounts with future exposure < $2.5		562		109
Other Direct [2]		—		115
Total		570	$	267
Assumed Reinsurance				56
London Market				61
Total Gross Environmental Reserves [3] [4]			$	384

[1]	Number of accounts established as of June 2009
[2]	Includes unallocated IBNR.
[3]	The one-year gross paid amount for total environmental claims is $54, resulting in a one-year gross survival ratio of 7.1.
[4]	The three-year average annual gross paid amount for total environmental claims is $78, resulting in a three-year gross survival ratio of 4.9.

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
	Losses & LAE			Losses & LAE		Losses & LAE		Losses & LAE
For the Three Months Ended September 30, 2009
Gross
Direct	$	52		$	—	$	9	$	92
Assumed Reinsurance		16			—		1		—
London Market		5			—		2		12
Total		73			—		12		104
Ceded		(16	)		—		1		(29	)
Net	$	57		$	—	$	13	$	75

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
For the Nine Months Ended September 30, 2009
Gross
Direct	$	121		$	117		$	22		$	92
Assumed Reinsurance		33			52			5			—
London Market		14			—			4			12
Total		168			169			31			104
Ceded		(35	)		(31	)		(3	)		(29	)
Net prior to reclassification	$	133		$	138		$	28		$	75
Reclassification of asbestos and environmental liabilities [2]		—			51			—			3
Net	$	133		$	189		$	28		$	78

[1]

Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three and nine months ended September 30, 2009 includes $4 and $12, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and nine months ended September 30, 2009 includes $3 and $13, 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 September 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 7/1/09 — gross	$	2,077		$	3,626		$	4,704		$	6,939		$	17,346		$	4,556		$	21,902
Reinsurance and other recoverables		54			168			447			2,001			2,670			835			3,505
Liabilities for unpaid losses and loss adjustment expenses at 7/1/09 — net		2,023			3,458			4,257			4,938			14,676			3,721			18,397
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		695			349			333			209			1,586			—			1,586
Current accident year catastrophes		90			19			6			—			115			—			115
Prior accident years		(25	)		(19	)		(52	)		(39	)		(135	)		83			(52	)
Total provision for unpaid losses and loss adjustment expenses		760			349			287			170			1,566			83			1,649
Payments		(746	)		(317	)		(328	)		(149	)		(1,540	)		(95	)		(1,635	)
Liabilities for unpaid losses and loss adjustment expenses at 9/30/09 — net		2,037			3,490			4,216			4,959			14,702			3,709			18,411
Reinsurance and other recoverables		53			165			404			2,012			2,634			856			3,490
Liabilities for unpaid losses and loss adjustment expenses at 9/30/09 — gross	$	2,090		$	3,655		$	4,620		$	6,971		$	17,336		$	4,565		$	21,901
Earned premiums	$	988		$	640		$	510		$	293		$	2,431		$	—		$	2,431
Loss and loss expense paid ratio		75.5			49.6			64.2			51.4			63.4
Loss and loss expense incurred ratio		76.9			54.5			56.2			58.3			64.4
Prior accident year development (pts.)		(2.5	)		(3.1	)		(10.1	)		(13.0	)		(5.5	)

PC-17

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

	For the Nine Months Ended September 30, 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		1,971			1,051			1,023			656			4,701			—			4,701
Current accident year catastrophes		242			48			30			2			322			—			322
Prior accident years		(15	)		(4	)		(132	)		(111	)		(262	)		204			(58	)
Total provision for unpaid losses and loss adjustment expenses		2,198			1,095			921			547			4,761			204			4,965
Payments		(2,153	)		(1,001	)		(1,012	)		(459	)		(4,625	)		(276	)		(4,901	)
Liabilities for unpaid losses and loss adjustment expenses at 9/30/09 — net		2,037			3,490			4,216			4,959			14,702			3,709			18,411
Reinsurance and other recoverables		53			165			404			2,012			2,634			856			3,490
Liabilities for unpaid losses and loss adjustment expenses at 9/30/09 — gross	$	2,090		$	3,655		$	4,620		$	6,971		$	17,336		$	4,565		$	21,901
Earned premiums	$	2,952		$	1,935		$	1,596		$	936		$	7,419		$	1		$	7,420
Loss and loss expense paid ratio		72.9			51.8			63.5			49.1			62.4
Loss and loss expense incurred ratio		74.5			56.6			57.7			58.4			64.2
Prior accident year development (pts.)		(0.5	)		(0.2	)		(8.3	)		(11.9	)		(3.5	)

PC-18

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

	September 30,			December 31,
	2009			2008
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	221		$	326
Unpaid Loss and Loss Adjustment Expenses		3,364			3,492
Subtotal Gross Reinsurance Recoverables		3,585			3,818
Less: Allowance for Uncollectible Reinsurance		(336	)		(379	)
Net Reinsurance Recoverables	$	3,249		$	3,439

	As of December 31, 2008
	Amount			% of Total
Distribution of Gross Reinsurance Recoverables
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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Earned premiums	$	2,568		$	2,570		$	2,511		$	2,478		$	2,431			(5	%)		(2	%)	$	7,768		$	7,420			(4	%)
Net investment income [1]		335			162			225			280			294			(12	%)		5	%		1,091			799			(27	%)
Other revenues		132			127			118			120			123			(7	%)		2	%		377			361			(4	%)
Net realized capital losses		(1,428	)		(246	)		(323	)		(78	)		(90	)		94	%		(15	%)		(1,631	)		(491	)		70	%
Total revenues		1,607			2,613			2,531			2,800			2,758			72	%		(2	%)		7,605			8,089			6	%
Losses and loss adjustment expenses [2]		1,949			1,293			1,578			1,738			1,649			(15	%)		(5	%)		5,414			4,965			(8	%)
Amortization of deferred policy acquisition costs		523			528			523			518			515			(2	%)		(1	%)		1,567			1,556			(1	%)
Insurance operating costs and expenses [3]		201			181			161			190			185			(8	%)		(3	%)		543			536			(1	%)
Other expenses		175			158			159			163			159			(9	%)		(2	%)		537			481			(10	%)
Total benefits and expenses		2,848			2,160			2,421			2,609			2,508			(12	%)		(4	%)		8,061			7,538			(6	%)
(Loss) income before income taxes		(1,241	)		453			110			191			250		NM				31	%		(456	)		551		NM
Income tax (benefit) expense		(467	)		162			(2	)		18			60		NM			NM				(257	)		76		NM
Net (loss) income		(774	)		291			112			173			190		NM				10	%		(199	)		475		NM
Less: Net realized capital losses, after-tax, excluded from core earnings		(930	)		(161	)		(209	)		(39	)		(56	)		94	%		(44	%)		(1,064	)		(304	)		71	%
Core earnings	$	156		$	452		$	321		$	212		$	246			58	%		16	%	$	865		$	779			(10	%)
Total Property & Casualty effective tax rate — net income		37.6	%		35.7	%		(2.1	%)		9.8	%		23.9	%		(13.7	)		14.1			56.3	%		13.8	%		(42.5	)
Total Property & Casualty effective tax rate — core earnings		17.6	%		35.1	%		25.2	%		20.5	%		26.8	%		9.2			6.3			26.7	%		24.5	%		(2.2	)

[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. The decrease in net investment income for the three months ended September 30, 2009 was primarily driven by lower asset levels and yields on taxable fixed maturities, partially offset by lower losses on limited partnerships and other alternative investments.
[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. The three months ended September 30, 2009 included $45 or reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general liability claims, partially offset by $75 of environmental reserve strengthening.
[3]	Included in insurance operating costs and expenses for the three and nine months ended September 30, 2008 were increases of $11 and $26, 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
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Year			Sequential
	2008			2008			2009			2009			2009			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	23,727		$	19,775		$	20,040		$	20,773		$	22,577			(5	%)		9	%
Equity securities, available for sale, at fair value		741			674			482			586			620			(16	%)		6	%
Mortgage loans		762			785			756			731			690			(9	%)		(6	%)
Limited partnerships and other alternative investments [1]		1,407			1,166			1,026			963			952			(32	%)		(1	%)
Other investments [2]		62			207			173			114			113			82	%		(1	%)
Short term investments		827			1,597			1,266			1,459			1,902			130	%		30	%
Total investments		27,526			24,204			23,743			24,626			26,854			(2	%)		9	%
Cash		278			162			247			358			279			—			(22	%)
Premiums receivable and agents’ balances		3,237			3,197			3,161			3,136			3,117			(4	%)		(1	%)
Reinsurance recoverables		3,572			3,439			3,337			3,299			3,249			(9	%)		(2	%)
Deferred policy acquisition costs		1,260			1,260			1,249			1,251			1,255			—			—
Deferred income tax		1,819			2,435			2,495			2,165			1,517			(17	%)		(30	%)
Goodwill		149			149			149			149			149			—			—
Property and equipment, net		658			675			668			669			670			2	%		—
Other assets		1,460			1,159			1,454			1,273			1,228			(16	%)		(4	%)
Total assets	$	39,959		$	36,680		$	36,503		$	36,926		$	38,318			(4	%)		4	%
Unpaid losses and loss adjustment expenses	$	22,605		$	21,933		$	21,804		$	21,902		$	21,901			(3	%)		—
Unearned premiums		5,363			5,244			5,231			5,191			5,159			(4	%)		(1	%)
Other liabilities		4,729			2,914			2,573			2,052			2,134			(55	%)		4	%
Total liabilities		32,697			30,091			29,608			29,145			29,194			(11	%)		—
Equity, x-AOCI, net of tax		8,364			8,675			8,887			9,328			9,553			14	%		2	%
AOCI, net of tax		(1,102	)		(2,086	)		(1,991	)		(1,547	)		(429	)		61	%		72	%
The Hartford’s Property & Casualty stockholders’ equity		7,262			6,589			6,896			7,781			9,124			26	%		17	%
Noncontrolling interest		—			—			(1	)		—			—			—			—
Total Property & Casualty stockholders’ equity		7,262			6,589			6,895			7,781			9,124			26	%		17	%
Total liabilities and stockholders’ equity	$	39,959		$	36,680		$	36,503		$	36,926		$	38,318			(4	%)		4	%

[1]	Other alternative investments include real estate joint ventures and hedge fund investments outside limited partnerships.
[2]	Primarily relates to derivative instruments.

PC-21

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

	Sept. 30, 2009			Dec. 31, 2008
Adjusted Statutory Capital and Surplus	$	6,772		$	6,012
GAAP Adjustments Deferred policy acquisition costs		1,255			1,260
Benefit reserves		(83	)		(90	)
GAAP unrealized losses on investments, net of tax		(442	)		(2,136	)
Goodwill		149			149
Non-admitted assets		1,597			1,754
Other, net		(124	)		(360	)
GAAP Stockholders’ Equity	$	9,124		$	6,589

PC-22

INVESTMENTS

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	949		$	878		$	828		$	800		$	758			(20	%)		(5	%)	$	2,877		$	2,386			(17	%)
Tax-exempt		141			131			125			129			125			(11	%)		(3	%)		424			379			(11	%)
Total fixed maturities		1,090			1,009			953			929			883			(19	%)		(5	%)		3,301			2,765			(16	%)
Equity securities, trading		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Equity securities, available-for-sale		34			36			27			25			24			(29	%)		(4	%)		131			76			(42	%)
Mortgage loans		82			89			79			79			82			—			4	%		244			240			(2	%)
Policy loans		34			38			36			36			36			6	%		—			101			108			7	%
Limited partnerships and other alternative investments [2]		(101	)		(333	)		(209	)		(93	)		(32	)		68	%		66	%		(112	)		(334	)		(198	%)
Other [3]		(10	)		(6	)		58			70			89		NM				27	%		(66	)		217		NM
Subtotal		(2,286	)		(3,667	)		220			3,569			1,720		NM				(52	%)		(2,241	)		5,509		NM
Less: Investment expense		26			24			24			25			33			27	%		32	%		73			82			12	%
Total net investment income (loss)	$	(2,312	)	$	(3,691	)	$	196		$	3,544		$	1,687		NM				(52	%)	$	(2,314	)	$	5,427		NM
Less: Equity securities, trading		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Total net investment income excluding trading securities	$	1,103		$	809		$	920		$	1,021		$	1,049			(5	%)		3	%	$	3,526		$	2,990			(15	%)
Annualized investment yield, before-tax [4]		4.7	%		3.3	%		3.7	%		4.2	%		4.2	%		(0.5	)		—			5.1	%		4.0	%		(1.1	)
Annualized investment yield, after-tax [4]		3.2	%		2.2	%		2.6	%		2.9	%		2.9	%		(0.3	)		—			3.5	%		2.8	%		(0.7	)
Net Realized Capital Gains (Losses)																				��
Gross gains on sales	$	58		$	381		$	208		$	157		$	205		NM				31	%	$	226		$	570			152	%
Gross losses on sales		(175	)		(411	)		(720	)		(189	)		(104	)		41	%		45	%		(445	)		(1,013	)		(128	%)
Net impairment losses		(3,077	)		(419	)		(224	)		(314	)		(536	)		83	%		(71	%)		(3,545	)		(1,074	)		70	%
Japanese fixed annuity contract hedges, net [5]		36			51			41			(6	)		(7	)	NM				(17	%)		13			28			115	%
Periodic net coupon settlements on credit derivatives/Japan [6]		(6	)		(12	)		(19	)		(13	)		(7	)		(17	%)		46	%		(21	)		(39	)		(86	%)
Fair value measurement transition impact		—			—			—			—			—			—			—			(650	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [7]		(133	)		(457	)		589			671			(190	)		(43	%)	NM				(256	)		1,070		NM
Macro hedge		24			45			204			(568	)		(328	)	NM				42	%		29			(692	)	NM
Total results of variable annuity hedge program		(109	)		(412	)		793			103			(518	)	NM			NM				(227	)		378		NM
Other net gain (loss) [8]		(176	)		6			5			(419	)		(252	)		(43	%)		40	%		(453	)		(666	)		(47	%)
Total net realized capital gains (losses)	$	(3,449	)	$	(816	)	$	84		$	(681	)	$	(1,219	)		65	%		(79	%)	$	(5,102	)	$	(1,816	)		64	%

[1]	Includes income on short-term bonds.
[2]	Includes income on real estate joint ventures and hedge fund investments outside of limited partnerships.
[3]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.
[5]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[6]	Included in core earnings.
[7]	The net loss on GMWB related derivatives for the three months ended September 30, 2009 was primarily due to liability model assumption updates, changes in the credit markets, and a decrease in interest rates, partially offset by the relative outperformance of the underlying actively managed funds as compared to their respective indices. The net gain for the nine months ended September 30, 2009 was primarily due to the relative outperformance of the underlying actively managed funds as compared to their respective indices, liability model assumption updates for withdrawals, lapses, and credit standing, and a decrease in equity market volatility, partially offset by an increase in the equity markets.
[8]	Primarily consists of: a) changes in fair value on non-qualifying derivatives, b) hedge ineffectiveness on qualifying derivatives, c) foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, d) changes in fair value on warrants associated with the Allianz transaction, e) valuation allowances and f) other investment gains and losses. Included in the losses for the nine months ended September 30, 2009 was 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	686		$	644		$	615		$	592		$	564			(18	%)		(5	%)	$	2,088		$	1,771			(15	%)
Tax-exempt		32			30			30			30			30			(6	%)		—			96			90			(6	%)
Total fixed maturities		718			674			645			622			594			(17	%)		(5	%)		2,184			1,861			(15	%)
Equity securities, trading		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Equity securities, available-for-sale		17			23			15			16			17			—			6	%		73			48			(34	%)
Mortgage loans		71			79			70			70			68			(4	%)		(3	%)		214			208			(3	%)
Policy loans		34			38			36			36			36			6	%		—			101			108			7	%
Limited partnerships and other alternative investments [2]		(59	)		(166	)		(115	)		(51	)		(20	)		66	%		61	%		(67	)		(186	)		(178	%)
Other [3]		(3	)		8			56			64			78		NM				22	%		(44	)		198		NM
Subtotal		(2,637	)		(3,844	)		(17	)		3,280			1,411		NM				(57	%)		(3,379	)		4,674		NM
Less: Investment expense		19			18			18			18			25			32	%		39	%		54			61			13	%
Total net investment income (loss)	$	(2,656	)	$	(3,862	)	$	(35	)	$	3,262		$	1,386		NM				(58	%)	$	(3,433	)	$	4,613		NM
Less: Equity securities, trading		(3,415	)		(4,500	)		(724	)		2,523			638		NM				(75	%)		(5,840	)		2,437		NM
Total net investment income excluding trading securities	$	759		$	638		$	689		$	739		$	748			(1	%)		1	%	$	2,407		$	2,176			(10	%)
Annualized investment yield, before-tax [4]		4.8	%		3.8	%		3.9	%		4.3	%		4.4	%		(0.4	)		0.1			5.2	%		4.2	%		(1.0	)
Annualized investment yield, after-tax [4]		3.2	%		2.5	%		2.6	%		2.8	%		2.9	%		(0.3	)		0.1			3.4	%		2.8	%		(0.6	)
Net Realized Capital Gains (Losses)
Gross gains on sales	$	44		$	294		$	136		$	83		$	130			195	%		57	%	$	128		$	349			173	%
Gross losses on sales		(89	)		(155	)		(389	)		(148	)		(67	)		25	%		55	%		(244	)		(604	)		(148	%)
Net impairment losses		(1,760	)		(309	)		(185	)		(266	)		(453	)		74	%		(70	%)		(2,115	)		(904	)		57	%
Japanese fixed annuity contract hedges, net [5]		36			51			41			(6	)		(7	)	NM				(17	%)		13			28			115	%
Periodic net coupon settlements on credit derivatives/Japan [6]		(8	)		(9	)		(16	)		(9	)		(4	)		50	%		56	%		(26	)		(29	)		(12	%)
Fair value measurement transition impact		—			—			—			—			—			—			—			(650	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net [7]		(133	)		(457	)		589			671			(190	)		(43	%)	NM				(256	)		1,070		NM
Macro hedge		24			45			204			(568	)		(328	)	NM				42	%		29			(692	)	NM
Total results of variable annuity hedge program		(109	)		(412	)		793			103			(518	)	NM			NM				(227	)		378		NM
Other net gain (loss) [8]		(126	)		(138	)		(15	)		(86	)		(207	)		(64	%)		(141	%)		(339	)		(308	)		9	%
Total net realized capital gains (losses)	$	(2,012	)	$	(678	)	$	365		$	(329	)	$	(1,126	)		44	%	NM			$	(3,460	)	$	(1,090	)		68	%

[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 and hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, collateral received associated with the securities lending program and consolidated variable interest entity non-controlling interests.
[5]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[6]	Included in core earnings.
[7]	The net loss on GMWB related derivatives for the three months ended September 30, 2009 was primarily due to liability model assumption updates, changes in the credit markets, and a decrease in interest rates, partially offset by the relative outperformance of the underlying actively managed funds as compared to their respective indices. The net gain for the nine months ended September 30, 2009 was primarily due to the relative outperformance of the underlying actively managed funds as compared to their respective indices, liability model assumption updates for withdrawals, lapses, and credit standing, and a decrease in equity market volatility, partially offset by an increase in the equity markets.
[8]	Primarily consists of: a) changes in fair value on non-qualifying derivatives, b) hedge ineffectiveness on qualifying derivatives, c) foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, d) valuation allowances and e) 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	255		$	225		$	209		$	207		$	193			(24	%)		(7	%)	$	764		$	609			(20	%)
Tax-exempt		109			101			95			99			95			(13	%)		(4	%)		328			289			(12	%)
Total fixed maturities		364			326			304			306			288			(21	%)		(6	%)		1,092			898			(18	%)
Equity securities, available-for-sale		17			12			11			8			6			(65	%)		(25	%)		56			25			(55	%)
Mortgage loans		11			10			9			9			9			(18	%)		—			30			27			(10	%)
Limited partnerships and other alternative investments [2]		(42	)		(167	)		(94	)		(42	)		(12	)		71	%		71	%		(45	)		(148	)	NM
Other [3]		(8	)		(13	)		1			6			11		NM				83	%		(23	)		18		NM
Subtotal		342			168			231			287			302			(12	%)		5	%		1,110			820			(26	%)
Less: Investment expense		7			6			6			7			8			14	%		14	%		19			21			11	%
Total net investment income (loss)	$	335		$	162		$	225		$	280		$	294			(12	%)		5	%	$	1,091		$	799			(27	%)
Annualized investment yield, before-tax [4]		4.6	%		2.4	%		3.4	%		4.2	%		4.3	%		(0.3	)		0.1			4.9	%		4.0	%		(0.9	)
Annualized investment yield, after-tax [4]		3.4	%		1.6	%		2.6	%		3.3	%		3.3	%		(0.1	)		—			3.7	%		3.1	%		(0.6	)
Net Realized Capital Gains (Losses)
Gross gains on sales	$	12		$	85		$	71		$	74		$	74		NM				—		$	95		$	219			131	%
Gross losses on sales		(82	)		(253	)		(330	)		(40	)		(36	)		56	%		10	%		(195	)		(406	)		(108	%)
Net impairment losses		(1,312	)		(108	)		(36	)		(48	)		(83	)		94	%		(73	%)		(1,425	)		(167	)		88	%
Periodic net coupon settlements on credit derivatives [5]		2			(3	)		(3	)		(4	)		(3	)	NM				25	%		5			(10	)	NM
Other net gain (loss) [6]		(48	)		33			(25	)		(60	)		(42	)		13	%		30	%		(111	)		(127	)		(14	%)
Total net realized capital gains (losses)	$	(1,428	)	$	(246	)	$	(323	)	$	(78	)	$	(90	)		94	%		(15	%)	$	(1,631	)	$	(491	)		70	%

[1]	Includes income on short-term bonds.
[2]	Includes income on real estate joint ventures and hedge fund investments outside of limited partnerships.
[3]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using annualized net investment income divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding collateral received associated with the securities lending program.
[5]	Included in core earnings.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives, valuation allowances 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			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2008			2008			2009			2009			2009			Change			Change			2008			2009			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	8		$	9		$	4		$	1		$	1			(88	%)		—		$	25		$	6			(76	%)
Total fixed maturities		8			9			4			1			1			(88	%)		—			25			6			(76	%)
Equity securities, available-for-sale		—			1			1			1			1			—			—			2			3			50	%
Mortgage loans [2]		—			—			—			—			5			—			—			—			5			—
Other		1			(1	)		1			—			—			(100	%)		—			1			1			—
Total net investment income	$	9		$	9		$	6		$	2		$	7			(22	%)	NM			$	28		$	15			(46	%)
Net Realized Capital Gains (Losses)
Gross gains on sales	$	2		$	2		$	1		$	—			1			(50	%)		—		$	3		$	2			(33	%)
Gross losses on sales		(4	)		(3	)		(1	)		(1	)		(1	)		75	%		—			(6	)		(3	)		50	%
Net impairment losses		(5	)		(2	)		(3	)		—			—			100	%		—			(5	)		(3	)		40	%
Other net gain (loss) [3]		(2	)		111			45			(273	)		(3	)		(50	%)		99	%		(3	)		(231	)	NM
Total net realized capital gains (losses)	$	(9	)	$	108		$	42		$	(274	)	$	(3	)		67	%		99	%	$	(11	)	$	(235	)	NM

[1]	Includes income on short-term bonds.
[2]	Represents income on mortgage loans held at Federal Trust Corporation, a company The Hartford acquired in June 2009.
[3]	Primarily consists of changes in the fair value on warrants associated with the Allianz transaction for the three months ended December 31, 2008 and March 31, 2009 and losses of $300 related to Allianz contingent obligations for the nine months ended September 30, 2009.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC

	THREE MONTHS ENDED SEPTEMBER 30,
	Life									P&C									Corporate									Consolidated
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Gross gains/losses on sales, net	$	(33	)	$	35		NM			$	(46	)	$	25		NM			$	(1	)	$	(1	)		—		$	(80	)	$	59		NM
Net impairment losses		(1,135	)		(282	)		75	%		(853	)		(54	)		94	%		(3	)		—			100	%		(1,991	)		(336	)		83	%
Japanese fixed annuity contract hedges, net		23			(5	)	NM				—			—			—			—			—			—			23			(5	)	NM
Periodic net coupon settlements on credit derivatives/Japan		(5	)		(2	)		60	%		1			(2	)	NM				—			—			—			(4	)		(4	)		—
Results of variable annuity hedge program
GMWB derivatives, net		(57	)		(132	)		(132	%)		—			—			—			—			—			—			(57	)		(132	)		(132	%)
Macro hedge		19			(303	)	NM				—			—			—			—			—			—			19			(303	)	NM
Total results of variable annuity hedge program		(38	)		(435	)	NM				—			—			—			—			—			—			(38	)		(435	)	NM
Other net gain (loss)		(89	)		(136	)		(53	%)		(31	)		(27	)		13	%		(1	)		(1	)		—			(121	)		(164	)		(36	%)
Total net realized capital gains (losses)	$	(1,277	)	$	(825	)		35	%	$	(929	)	$	(58	)		94	%	$	(5	)	$	(2	)		60	%	$	(2,211	)	$	(885	)		60	%

	NINE MONTHS ENDED SEPTEMBER 30,
	Life									P&C									Corporate									Consolidated
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Gross gains/losses on sales net	$	(73	)	$	(172	)		(136	%)	$	(66	)	$	(122	)		(85	%)	$	(2	)	$	(1	)		50	%	$	(141	)	$	(295	)		(109	%)
Net impairment losses		(1,341	)		(573	)		57	%		(926	)		(109	)		88	%		(3	)		(2	)		33	%		(2,270	)		(684	)		70	%
Japanese fixed annuity contract hedges, net		8			18			125	%		—			—			—			—			—			—			8			18			125	%
Periodic net coupon settlements on credit derivatives/Japan		(17	)		(19	)		(12	%)		3			(7	)	NM				—			—			—			(14	)		(26	)		(86	%)
Fair value measurement transition impact		(220	)		—			100	%		—			—			—									—			(220	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net		(104	)		425		NM				—			—			—			—			—			—			(104	)		425		NM
Macro hedge		19			(531	)	NM				—			—			—			—			—			—			19			(531	)	NM
Total results of variable annuity hedge program		(85	)		(106	)		(25	%)		—			—			—			—			—			—			(85	)		(106	)		(25	%)
Other net gain (loss)		(219	)		(187	)		15	%		(72	)		(72	)		—			(2	)		(228	)	NM				(293	)		(487	)		(66	%)
Total net realized capital gains (losses)	$	(1,947	)	$	(1,039	)		47	%	$	(1,061	)	$	(310	)		71	%	$	(7	)	$	(231	)	NM			$	(3,015	)	$	(1,580	)		48	%

I-5

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

	September 30,					December 31,					March 31,					June 30,					September 30,
	2008					2008					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	70,091		56.8	%	$	65,112		54.2	%	$	62,563		53.8	%	$	64,868		53.5	%	$	68,641		53.0	%
Equity securities, trading, at fair value [1]		33,655		27.3	%		30,820		25.7	%		27,813		23.9	%		30,813		25.4	%		33,463		25.9	%
Equity securities, available-for-sale, at fair value		1,730		1.4	%		1,458		1.2	%		1,080		0.9	%		1,308		1.1	%		1,397		1.1	%
Mortgage loans		6,222		5.0	%		6,469		5.4	%		6,389		5.5	%		6,522		5.4	%		6,328		4.9	%
Policy loans, at outstanding balance		2,159		1.7	%		2,208		1.8	%		2,197		1.9	%		2,204		1.8	%		2,209		1.7	%
Limited partnerships and other alternative investments [2]		2,817		2.3	%		2,295		1.9	%		1,981		1.7	%		1,838		1.5	%		1,812		1.4	%
Other investments [3]		1,410		1.2	%		1,723		1.4	%		3,121		2.7	%		1,107		0.9	%		1,679		1.3	%
Short-term investments		5,353		4.3	%		10,022		8.4	%		11,189		9.6	%		12,701		10.4	%		13,910		10.7	%
Total investments	$	123,437		100.0	%	$	120,107		100.0	%	$	116,333		100.0	%	$	121,361		100.0	%	$	129,439		100.0	%
Less: Equity securities, trading		33,655		27.3	%		30,820		25.7	%		27,813		23.9	%		30,813		25.4	%		33,463		25.9	%
Total investments excluding trading securities	$	89,782		72.7	%	$	89,287		74.3	%	$	88,520		76.1	%	$	90,548		74.6	%	$	95,976		74.1	%
HIMCO managed third party accounts	$	9,058				$	7,742				$	7,552				$	7,685				$	7,925
Asset-backed securities (“ABS”)	$	3,132		4.5	%	$	2,466		3.8	%	$	2,273		3.6	%	$	2,450		3.8	%	$	2,540		3.7	%
Collateralized debt obligations (“CDOs”)		3,390		4.8	%		2,612		4.0	%		2,423		3.9	%		2,563		4.0	%		2,818		4.1	%
Commercial mortgage-backed securities (“CMBS”)		11,385		16.3	%		8,313		12.8	%		7,948		12.7	%		8,290		12.8	%		9,002		13.1	%
Corporate		31,532		45.0	%		27,181		41.7	%		27,351		43.7	%		30,835		47.5	%		34,011		49.5	%
Foreign government/government agencies		875		1.2	%		2,821		4.3	%		853		1.4	%		1,031		1.6	%		1,071		1.6	%
Municipal — taxable		1,029		1.5	%		894		1.4	%		895		1.4	%		893		1.4	%		1,003		1.5	%
Municipal — tax-exempt		10,940		15.6	%		9,761		15.0	%		10,358		16.6	%		10,060		15.5	%		10,812		15.8	%
Residential mortgage-backed securities (“RMBS”)		5,956		8.5	%		5,108		7.8	%		4,772		7.6	%		4,506		6.9	%		4,821		7.0	%
U.S. Treasuries		1,852		2.6	%		5,956		9.2	%		5,690		9.1	%		4,240		6.5	%		2,563		3.7	%
Total fixed maturities	$	70,091		100.0	%	$	65,112		100.0	%	$	62,563		100.0	%	$	64,868		100.0	%	$	68,641		100.0	%
U.S. government/government agencies	$	5,785		8.3	%	$	9,568		14.7	%	$	9,306		14.9	%	$	7,801		12.0	%	$	6,231		9.1	%
AAA		17,613		25.1	%		13,489		20.7	%		13,297		21.2	%		11,797		18.2	%		11,227		16.3	%
AA		12,410		17.7	%		11,646		17.9	%		9,806		15.7	%		11,044		17.0	%		13,019		19.0	%
A		17,069		24.3	%		15,831		24.4	%		15,238		24.4	%		16,985		26.2	%		18,505		27.0	%
BBB		13,794		19.7	%		12,794		19.6	%		12,902		20.6	%		14,687		22.7	%		16,566		24.1	%
BB & below		3,420		4.9	%		1,784		2.7	%		2,014		3.2	%		2,554		3.9	%		3,093		4.5	%
Total fixed maturities	$	70,091		100.0	%	$	65,112		100.0	%	$	62,563		100.0	%	$	64,868		100.0	%	$	68,641		100.0	%

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

I-6

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

	September 30,					December 31,					March 31,					June 30,					September 30,
	2008					2008					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	46,292		48.7	%	$	45,182		48.0	%	$	42,428		46.6	%	$	43,980		47.6	%	$	45,927		47.1	%
Equity securities, trading, at fair value [1]		33,655		35.4	%		30,820		32.7	%		27,813		30.6	%		30,813		33.4	%		33,463		34.3	%
Equity securities, available-for-sale, at fair value		908		1.0	%		711		0.8	%		525		0.6	%		642		0.7	%		690		0.7	%
Mortgage loans		5,460		5.7	%		5,684		6.0	%		5,633		6.2	%		5,503		6.0	%		5,365		5.5	%
Policy loans, at outstanding balance		2,159		2.3	%		2,208		2.3	%		2,197		2.4	%		2,204		2.4	%		2,209		2.3	%
Limited partnerships and other alternative investments [2]		1,410		1.5	%		1,129		1.2	%		955		1.0	%		875		0.9	%		860		0.9	%
Other investments [3]		1,308		1.4	%		1,473		1.6	%		2,909		3.2	%		954		1.0	%		1,513		1.5	%
Short-term investments		3,793		4.0	%		6,937		7.4	%		8,580		9.4	%		7,365		8.0	%		7,478		7.7	%
Total investments	$	94,985		100.0	%	$	94,144		100.0	%	$	91,040		100.0	%	$	92,336		100.0	%	$	97,505		100.0	%
Less: Equity securities, trading		33,655		35.4	%		30,820		32.7	%		27,813		30.6	%		30,813		33.4	%		33,463		34.3	%
Total investments excluding trading securities	$	61,330		64.6	%	$	63,324		67.3	%	$	63,227		69.4	%	$	61,523		66.6	%	$	64,042		65.7	%
ABS	$	2,721		5.9	%	$	2,167		4.8	%	$	1,997		4.8	%	$	2,154		4.9	%	$	2,200		4.8	%
CDOs		2,689		5.8	%		2,139		4.7	%		1,981		4.7	%		2,094		4.8	%		2,301		5.0	%
CMBS		7,884		17.0	%		5,844		13.0	%		5,525		13.0	%		5,697		12.9	%		6,212		13.5	%
Corporate		23,292		50.3	%		20,630		45.6	%		20,878		49.2	%		23,537		53.5	%		25,675		55.9	%
Foreign government/government agencies		493		1.1	%		2,236		4.9	%		482		1.1	%		608		1.4	%		640		1.4	%
Municipal — taxable		890		1.9	%		758		1.7	%		760		1.8	%		757		1.7	%		853		1.8	%
Municipal — tax-exempt		2,353		5.1	%		2,336		5.2	%		2,379		5.6	%		2,348		5.3	%		2,467		5.4	%
RMBS		4,504		9.7	%		3,916		8.7	%		3,492		8.2	%		3,279		7.5	%		3,569		7.8	%
U.S. Treasuries		1,466		3.2	%		5,156		11.4	%		4,934		11.6	%		3,506		8.0	%		2,010		4.4	%
Total fixed maturities	$	46,292		100.0	%	$	45,182		100.0	%	$	42,428		100.0	%	$	43,980		100.0	%	$	45,927		100.0	%
U.S. government/government agencies	$	4,036		8.7	%	$	7,614		16.9	%	$	7,245		17.1	%	$	5,795		13.2	%	$	4,535		9.9	%
AAA		11,242		24.3	%		8,533		18.8	%		8,168		19.2	%		7,818		17.8	%		7,117		15.5	%
AA		6,663		14.4	%		7,231		16.0	%		5,350		12.6	%		5,805		13.2	%		7,092		15.4	%
A		11,992		25.9	%		11,018		24.4	%		10,595		25.0	%		11,686		26.6	%		12,678		27.6	%
BBB		10,245		22.1	%		9,401		20.8	%		9,469		22.3	%		10,841		24.6	%		11,992		26.1	%
BB & below		2,114		4.6	%		1,385		3.1	%		1,601		3.8	%		2,035		4.6	%		2,513		5.5	%
Total fixed maturities	$	46,292		100.0	%	$	45,182		100.0	%	$	42,428		100.0	%	$	43,980		100.0	%	$	45,927		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.

I-7

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

	September 30,					December 31,					March 31,					June 30,					September 30,
	2008					2008					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	23,727		86.2	%	$	19,775		81.7	%	$	20,040		84.5	%	$	20,773		84.3	%	$	22,577		84.1	%
Equity securities, available-for-sale, at fair value		741		2.7	%		674		2.8	%		482		2.0	%		586		2.4	%		620		2.3	%
Mortgage loans		762		2.8	%		785		3.2	%		756		3.2	%		731		3.0	%		690		2.6	%
Limited partnerships and other alternative investments [1]		1,407		5.1	%		1,166		4.8	%		1,026		4.3	%		963		3.9	%		952		3.5	%
Other investments [2]		62		0.2	%		207		0.9	%		173		0.7	%		114		0.5	%		113		0.4	%
Short-term investments		827		3.0	%		1,597		6.6	%		1,266		5.3	%		1,459		5.9	%		1,902		7.1	%
Total investments	$	27,526		100.0	%	$	24,204		100.0	%	$	23,743		100.0	%	$	24,626		100.0	%	$	26,854		100.0	%
ABS	$	411		1.7	%	$	299		1.5	%	$	276		1.3	%	$	296		1.4	%	$	340		1.5	%
CDOs		701		2.9	%		473		2.4	%		442		2.2	%		468		2.3	%		517		2.3	%
CMBS		3,501		14.8	%		2,469		12.5	%		2,423		12.1	%		2,593		12.5	%		2,790		12.4	%
Corporate		8,168		34.5	%		6,396		32.3	%		6,382		31.9	%		7,215		34.7	%		8,230		36.4	%
Foreign government/government agencies		382		1.6	%		585		3.0	%		367		1.8	%		417		2.0	%		421		1.9	%
Municipal — taxable		139		0.6	%		136		0.7	%		135		0.7	%		136		0.7	%		150		0.7	%
Municipal — tax-exempt		8,587		36.2	%		7,425		37.5	%		7,979		39.8	%		7,706		37.1	%		8,338		36.9	%
RMBS		1,452		6.1	%		1,192		6.1	%		1,280		6.4	%		1,212		5.8	%		1,240		5.5	%
U.S. Treasuries		386		1.6	%		800		4.0	%		756		3.8	%		730		3.5	%		551		2.4	%
Total fixed maturities	$	23,727		100.0	%	$	19,775		100.0	%	$	20,040		100.0	%	$	20,773		100.0	%	$	22,577		100.0	%
U.S. government/government agencies	$	1,749		7.4	%	$	1,954		9.9	%	$	2,061		10.3	%	$	1,989		9.6	%	$	1,683		7.5	%
AAA		6,366		26.8	%		4,939		25.0	%		5,114		25.5	%		3,963		19.1	%		4,085		18.1	%
AA		5,701		24.0	%		4,346		22.0	%		4,411		22.0	%		5,198		25.0	%		5,875		26.0	%
A		5,057		21.3	%		4,747		24.0	%		4,608		23.0	%		5,264		25.3	%		5,783		25.6	%
BBB		3,548		15.0	%		3,390		17.1	%		3,433		17.1	%		3,842		18.5	%		4,571		20.2	%
BB & below		1,306		5.5	%		399		2.0	%		413		2.1	%		517		2.5	%		580		2.6	%
Total fixed maturities	$	23,727		100.0	%	$	19,775		100.0	%	$	20,040		100.0	%	$	20,773		100.0	%	$	22,577		100.0	%

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

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS
CORPORATE

	September 30,					December 31,					March 31,					June 30,					September 30,
	2008					2008					2009					2009					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	72		7.8	%	$	155		8.8	%	$	95		6.1	%	$	115		2.6	%	$	137		2.7	%
Equity securities, available-for-sale, at fair value		81		8.7	%		73		4.2	%		73		4.7	%		80		1.8	%		87		1.7	%
Mortgage loans [2]		—		—			—		—			—		—			288		6.6	%		273		5.4	%
Other investments [3]		40		4.3	%		43		2.4	%		39		2.5	%		39		0.9	%		53		1.0	%
Short-term investments [4]		733		79.2	%		1,488		84.6	%		1,343		86.7	%		3,877		88.1	%		4,530		89.2	%
Total investments	$	926		100.0	%	$	1,759		100.0	%	$	1,550		100.0	%	$	4,399		100.0	%	$	5,080		100.0	%
CDOs	$	—		—		$	—		—		$	—		—		$	1		0.9	%	$	—		—
Corporate		72		100.0	%		155		100.0	%		91		95.8	%		83		72.2	%		106		77.4	%
Foreign government/government agencies		—		—			—		—			4		4.2	%		6		5.2	%		10		7.3	%
Municipal — tax-exempt		—		—			—		—			—		—			6		5.2	%		7		5.1	%
RMBS		—		—			—		—			—		—			15		13.0	%		12		8.7	%
U.S. Treasuries		—		—			—		—			—		—			4		3.5	%		2		1.5	%
Total fixed maturities	$	72		100.0	%	$	155		100.0	%	$	95		100.0	%	$	115		100.0	%	$	137		100.0	%
U.S. government/government agencies	$	—		—		$	—		—		$	—		—		$	17		14.8	%	$	13		9.5	%
AAA		5		6.9	%		17		11.0	%		15		15.8	%		16		13.9	%		25		18.2	%
AA		46		63.9	%		69		44.5	%		45		47.4	%		41		35.7	%		52		38.0	%
A		20		27.8	%		66		42.6	%		35		36.8	%		35		30.4	%		44		32.1	%
BBB		1		1.4	%		3		1.9	%		—		—			4		3.5	%		3		2.2	%
BB & below		—		—			—		—			—		—			2		1.7	%		—		—
Total fixed maturities	$	72		100.0	%	$	155		100.0	%	$	95		100.0	%	$	115		100.0	%	$	137		100.0	%

[1]	Includes $51, $149, $95, $83 and $113 as of September 30, 2008, December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $27 and $21 as of June 30, 2009 and September 30, 2009, respectively, held at Federal Trust Corporation.
[2]	Represents mortgage loans held at Federal Trust Corporation.
[3]	Relates to a put option agreement for the Company’s contingent capital facility.
[4]	Includes $692, $1,484, $1,335, $3,598 and $4,341 as of September 30, 2008, December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $211 and $151 as of June 30, 2009 and September 30, 2009, respectively, held at Federal Trust Corporation. As of 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. As of September 30, 2009, the increase is attributable to the Company’s discretionary equity issuance program.

I-9

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

	September 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	$	1,253	$	1,204	$	(49	)	$	16,425	$	14,992	$	(1,433	)
Greater than three months to six months		3,596		2,954		(642	)		6,533		5,247		(1,286	)
Greater than six months to nine months		2,629		2,053		(576	)		7,053		5,873		(1,180	)
Greater than nine months to twelve months		2,830		2,264		(566	)		6,459		4,957		(1,502	)
Greater than twelve months		24,698		17,939		(6,759	)		25,279		16,071		(9,208	)
Total	$	35,006	$	26,414	$	(8,592	)	$	61,749	$	47,140	$	(14,609	)
BIG [5] and Equity AFS [4] Securities
Three months or less	$	75	$	64	$	(11	)	$	1,106	$	852	$	(254	)
Greater than three months to six months		573		428		(145	)		307		214		(93	)
Greater than six months to nine months		251		148		(103	)		349		260		(89	)
Greater than nine months to twelve months		788		572		(216	)		204		145		(59	)
Greater than twelve months [6]		3,244		1,760		(1,484	)		1,044		609		(435	)
Total	$	4,931	$	2,972	$	(1,959	)	$	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 an accounting change related to other-than-temporary impairments.
[3]	As of September 30, 2009, fixed maturities represented $8,318, 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 September 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-10

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

	September 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	$	855	$	820	$	(35	)	$	12,857	$	11,776	$	(1,081	)
Greater than three months to six months		1,727		1,466		(261	)		4,100		3,235		(865	)
Greater than six months to nine months		2,394		1,844	��	(550	)		5,292		4,356		(936	)
Greater than nine months to twelve months		2,306		1,854		(452	)		3,503		2,504		(999	)
Greater than twelve months		18,417		12,841		(5,576	)		18,034		11,149		(6,885	)
Total	$	25,699	$	18,825	$	(6,874	)	$	43,786	$	33,020	$	(10,766	)
BIG and Equity AFS Securities
Three months or less	$	75	$	64	$	(11	)	$	749	$	564	$	(185	)
Greater than three months to six months		295		219		(76	)		218		144		(74	)
Greater than six months to nine months		194		105		(89	)		238		164		(74	)
Greater than nine months to twelve months		556		413		(143	)		148		105		(43	)
Greater than twelve months [3]		2,686		1,385		(1,301	)		757		413		(344	)
Total	$	3,806	$	2,186	$	(1,620	)	$	2,110	$	1,390	$	(720	)

[1]	Includes the cumulative effect adjustment of approximately $900 as a result of an accounting change related to other-than-temporary impairments.
[2]	As of September 30, 2009, fixed maturities represented $6,715, or 98%, 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 September 30, 2009 and December 31, 2008.
[3]	Since December 31, 2008, the increase was primarily attributable to rating agency downgrades.

I-11

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

	September 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	$	398	$	384	$	(14	)	$	3,541	$	3,191	$	(350	)
Greater than three months to six months		1,869		1,488		(381	)		2,396		1,980		(416	)
Greater than six months to nine months		235		209		(26	)		1,757		1,513		(244	)
Greater than nine months to twelve months		523		409		(114	)		2,953		2,451		(502	)
Greater than twelve months		6,238		5,057		(1,181	)		7,243		4,920		(2,323	)
Total	$	9,263	$	7,547	$	(1,716	)	$	17,890	$	14,055	$	(3,835	)
BIG and Equity AFS Securities
Three months or less	$	—	$	—	$	—		$	330	$	263	$	(67	)
Greater than three months to six months		278		209		(69	)		52		38		(14	)
Greater than six months to nine months		57		43		(14	)		107		92		(15	)
Greater than nine months to twelve months		231		158		(73	)		53		38		(15	)
Greater than twelve months [3]		515		334		(181	)		285		194		(91	)
Total	$	1,081	$	744	$	(337	)	$	827	$	625	$	(202	)

[1]	Includes the cumulative effect adjustment of approximately $500 as a result of an accounting change related to other-than-temporary impairments.
[2]	As of September 30, 2009, fixed maturities represented $1,603, or 93%, 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 September 30, 2009 and December 31, 2008.
[3]	Since December 31, 2008, the increase is primarily attributable to rating agency downgrades.

I-12

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

	LIFE
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
TOP TEN EXPOSURES BY SECTOR [1]
Financial services	$	6,277	$	5,426		8.5	%
Utilities		4,284		4,482		7.0	%
Consumer non-cyclical		3,443		3,665		5.7	%
Technology and communications		2,822		2,940		4.6	%
Energy		2,214		2,349		3.7	%
Capital goods		2,195		2,261		3.5	%
Basic industry		2,035		2,070		3.3	%
Consumer cyclical		1,621		1,621		2.5	%
Other		1,141		1,023		1.6	%
Transportation		541		528		0.8	%
Total	$	26,573	$	26,365		41.2	%
TOP TEN EXPOSURES BY ISSUER [4]
JPMorgan Chase & Co.	$	373	$	334		0.5	%
Bank of America Corp.		439		317		0.5	%
General Electric Co.		307		260		0.4	%
Credit Suisse Group AG		275		252		0.4	%
Wells Fargo & Co.		306		250		0.4	%
Citigroup Inc.		299		243		0.4	%
AT&T Inc.		230		239		0.4	%
Barclays PLC		229		202		0.3	%
Verizon Communication Inc.		181		192		0.3	%
ConocoPhilips		163		185		0.3	%
Total	$	2,802	$	2,474		3.9	%

	P&C
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets
Financial services	$	2,579	$	2,210		8.2	%
Utilities		1,514		1,546		5.8	%
Consumer non-cyclical		1,109		1,179		4.4	%
Technology and communications		923		945		3.5	%
Basic industry		533		731		2.7	%
Capital goods		661		677		2.5	%
Energy		580		606		2.3	%
Consumer cyclical		436		441		1.6	%
Other		418		395		1.5	%
Transportation		116		120		0.5	%
Total	$	8,869	$	8,850		33.0	%
State of Georgia	$	213	$	228		0.8	%
State of California		203		205		0.8	%
Insurance Services Office, Inc.		—		171		0.6	%
New York, NY		157		167		0.6	%
State of Louisiana		139		147		0.6	%
State of Illinois		135		139		0.5	%
JPMorgan Chase & Co.		133		131		0.5	%
Goldman Sachs Group Inc.		149		123		0.5	%
State of Washington		110		117		0.4	%
Government of Japan		110		111		0.4	%
Total	$	1,349	$	1,539		5.7	%

	CONSOLIDATED [3]
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
Financial services	$	8,936	$	7,716		8.0	%
Utilities		5,800		6,030		6.3	%
Consumer non-cyclical		4,561		4,853		5.1	%
Technology and communications		3,750		3,890		4.0	%
Energy		2,794		2,955		3.1	%
Capital goods		2,860		2,942		3.1	%
Basic industry		2,647		2,888		3.0	%
Consumer cyclical		2,057		2,062		2.1	%
Other		1,565		1,424		1.5	%
Transportation		657		648		0.7	%
Total	$	35,627	$	35,408		36.9	%
JPMorgan Chase & Co.	$	515	$	474		0.5	%
Bank of America Corp.		489		366		0.4	%
General Electric Co.		423		357		0.4	%
State of California		338		347		0.3	%
Wells Fargo & Co.		394		330		0.3	%
Citigroup Inc.		370		312		0.3	%
AT&T Inc.		296		308		0.3	%
Credit Suisse Group AG		297		274		0.3	%
Barclays PLC		297		256		0.3	%
Berkshire Hathaway Inc.		235		255		0.3	%
Total	$	3,654	$	3,279		3.4	%

[1]	Includes corporate fixed maturities and equity securities, available-for-sale.
[2]	Excludes equity securities, trading.
[3]	Includes investments held in Corporate.
[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 equity securities, trading.

I-13