The Hartford Financial Services Group, Inc. (HIG) 8-K The Hartford Reports Fourth Quarter 2011 Financial Results

Exhibit 99.2

INVESTOR FINANCIAL SUPPLEMENT

DECEMBER 31, 2011

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:

One Hartford Plaza

Hartford, CT 06155

Internet address:

http://www.thehartford.com

Contacts:

Sabra Purtill

Senior Vice President

Investor Relations

Phone (860) 547-8691

Ryan Greenier

Assistant Vice President

Investor Relations

Phone (860) 547-8844

Margaret Mann

Program Assistant

Investor Relations

Phone (860) 547-3800

As of January 27, 2011

	September 30,	September 30,	September 30,	September 30,
	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
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt	bbb+	BBB-	BBB	Baa3
Commercial paper	AMB-2	F2	A-2	P-3

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

	September 30,
Basis of Presentation	i,ii,iii
CONSOLIDATED
Consolidated Financial Results	1
Operating Results by Segment	2
Consolidated Statements of Operations	3
Consolidating Balance Sheets	4
Capital Structure	5
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	6
Accumulated Other Comprehensive Loss	7
Computation of Basic and Diluted Earnings (Losses) Per Common Share	8
Analysis of Net Realized Capital Gains (Losses) After-tax and DAC	9
Computation of Return-on-Equity Measures	10
Components of Net Realized Capital Gains (Losses) After-tax and DAC and Excluded From Core Earnings
Three Months Ended December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011	11
Year Ended December 31, 2010 and 2011	12
Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
Three Months Ended December 31, 2011	13
Year Ended December 31, 2011	14
COMMERCIAL MARKETS
Income Statements	15
Property & Casualty Commercial
Operating Results	16
Underwriting Results	17
Group Benefits
Income Statements	18
Supplemental Data	19
CONSUMER MARKETS
Income Statements	20
Operating Results	21
Underwriting Results	22
Written and Earned Premiums	23
WEALTH MANAGEMENT
Operating Results	24
Financial Highlights Excluding Impact of Unlock	25
Deferred Policy Acquisition Costs and Present Value of Future Profits	26
Annuity Death and Income Benefits	27
Individual Annuity
Income Statements	28
Account Value Rollforward	29
Individual Life
Income Statements	30
Supplemental Data	31
Account Value Rollforward	32
Retirement Plans
Income Statements	33
Supplemental Data
Assets Under Management	34
Account Value and Asset Rollforward	35
Mutual Funds
Income Statements	36
Supplemental Data
Deposits and Assets Under Management	37
Asset Rollforward	38
RUNOFF OPERATIONS
Financial Highlights	39
Supplemental Data
Life Other Operations - Account Value Data	40
Life Other Operations - DAC rollforward	41
International Annuity Death and Income Benefits	42
CORPORATE
Income Statements	43
INVESTMENTS
Investment Earnings Before-tax	44
Composition of Invested Assets
Consolidated	45
Life	46
Property & Casualty	47
Unrealized Loss Aging	48
Invested Asset Exposures
As of December 31, 2011	49

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.

• The Company is organized into three customer-oriented divisions, Commercial Markets, Consumer Markets and Wealth Management, conducting business principally in nine reporting segments. A Runoff Operations division was formed for 2011 segment reporting to reflect the manner in which the Company is currently organized for purposes of making operating decisions and assessing performance. The Runoff Operations division consists of two new reporting segments, Life Other Operations and Property & Casualty Other Operations. Segment data for prior reporting periods has been adjusted accordingly.

• The Commercial Markets division consists of the reporting segments of Property & Casualty Commercial and Group Benefits. Property & Casualty Commercial provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages, primarily throughout the United States (“U.S.”), along with a variety of customized insurance products and risk management services including professional liability, fidelity, surety, and specialty casualty coverages. Group Benefits provides employers, associations, affinity groups and financial institutions with group life, accident and disability coverage, along with other products and services, including voluntary benefits and group retiree health.

• Consumer Markets provides standard automobile, homeowners and home-based business coverages to individuals across the U.S., including a special program designed exclusively for members of AARP. Consumer Markets also operates a member contact center for health insurance products offered through the AARP Health program.

• The Wealth Management division includes the reporting segments of Individual Annuity, Individual Life, Retirement Plans and Mutual Funds. Individual Annuity offers individual variable, fixed market value adjusted, and single premium immediate annuities in the U.S. Individual Life sells a variety of life insurance products, including variable universal life, universal life, and term life. Retirement Plans provides products and services to corporations pursuant to Section 401(k)of the Internal Revenue Code of 1986, as amended (“IRS code”) and products and services to municipalities and not-for-profit organizations under Sections 457 and 403(b) of the IRS code. Mutual Funds offers retail, proprietary and investment-only mutual funds and 529 college savings plans.

• The Runoff Operations division includes the reporting segments of Life Other Operations and Property & Casualty Other Operations. Life Other Operations includes International Annuity, Institutional Annuity, and Private Placement Life Insurance, previously reported in Wealth Management. Property & Casualty Other Operations was previously reported in Corporate and Other.

• The Hartford includes in Corporate the Company’s debt financing and related interest expense, as well as other capital raising activities; banking operations; certain fee inome and commissions expenses associated with sales of non-proprietary products by broker-dealer subsidiaries; and certain purchase accounting adjustments and other charges not allocated to the segments.

• The balance sheet and certain balance sheet measures incorporated herein are presented in the statutory legal entity views for Life and Property & Casualty. Life consists of the Wealth Management division, Life Other Operations, Group Benefits and an Other category. Property & Casualty consists of the of Property & Casualty Commercial, Property & Casualty Other Operations and the Consumer Markets Division. 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, other than temporary impairment losses recognized in AOCI, net gain (loss) on cash-flow hedging instruments, foreign currency translation adjustments and pension and other postretirement adjustments.

• 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 funds assets are not included on the balance sheet.

• Return on assets (“ROA”) is calculated using annualized earnings divided by a two-point average of assets under management.

• Assets under management (“AUM”) 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 capital markets or through net flow.

• Assets under administration (“AUA”) 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 are 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, and consolidated variable interest entity non-controlling interests.

• 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 including the net effect of certain realized capital gains and losses and discontinued operations. 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 the Company’s 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 the Company’s 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 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 the Company’s 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 8.

• Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s Property & Casualty Commercial and Consumer Markets 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 Property & Casualty Commercial and Consumer Markets is set forth at pages 16 and 21, respectively.

• The Hartford’s management evaluates profitability of the Property & Casualty Commercial and Consumer Markets 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. A reconciliation of underwriting results to net income for Property & Casualty Commercial and Consumer Markets is set forth at pages 16 and 21, 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.

• ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, is a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, segment operating performance. ROA is the most directly comparable U.S. GAAP measure. The Hartford believes that the measure ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, provides investors with a valuable measure of the performance of the Company’s on-going businesses because it reveals trends in our businesses that may be obscured by the effect of including net realized gains (losses), net of tax and DAC, excluded from core earnings, and the effect of including discontinued operations. 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 insurance aspects of our businesses. Accordingly, these non-GAAP measures exclude the effect of all realized gains and losses 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 ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, should include net realized gains and losses on 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 statement of operations such as net investment income. ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, should not be considered as a substitute for ROA and does not reflect the overall profitability of our businesses. Therefore, the Company believes it is important for investors to evaluate both ROA, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and excluding discontinued operations, and ROA when reviewing the Company’s performance.

ii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

BASIS OF PRESENTATION (CONTINUED)

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES

• After-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, is a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, segment operating performance. After-tax margin is the most directly comparable U.S. GAAP measure. The Hartford believes that the measure after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, provides investors with a valuable measure of the performance of the Company’s on-going businesses because it reveals trends in our businesses that may be obscured by the effect of including certain realized gains (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 insurance aspects of our businesses. Accordingly, these non-GAAP measures exclude the effect of all realized gains and losses 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 after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, should include net realized gains and losses on net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the statement of operations such as net investment income. After-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, should not be considered as a substitute for after-tax margin and does not reflect the overall profitability of our businesses. Therefore, the Company believes it is important for investors to evaluate both after-tax margin, excluding net realized gains (losses), net of tax and DAC, excluded from core earnings, and after-tax margin when reviewing the Company’s performance.

• Book value per common share excluding 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. 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 1.

• Book value per diluted share, excluding AOCI, is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) total stockholders’ equity, excluding AOCI, net of tax, by (b) common shares outstanding and dilutive potential common shares. The Hartford provides book value per diluted 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 diluted 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 diluted share is the most directly comparable GAAP measure. A reconciliation of book value per diluted share to book value per diluted share, excluding AOCI, for the periods presented herein is set forth at page 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. When calculating ROE, the Mandatory Convertible preferred stock (“MCP”) is included in average common stockholders’ equity and MCP dividends are added back to net income (loss) available to common shareholders and core earnings (losses) available to common shareholders. 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 10.

iii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED FINANCIAL RESULTS

		000000			000000			000000			000000			000000			000000			000000			000000			000000			000000
	THREE MONTHS ENDED															Year Over Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
HIGHLIGHTS
Net income	$	619		$	511		$	24		$	—		$	127			(79	%)		NM		$	1,680		$	662			(61	%)
Core earnings	$	529		$	586		$	12		$	33		$	339			(36	%)		NM		$	1,972		$	970			(51	%)
Total revenues [1]	$	5,930		$	6,300		$	5,401		$	4,520		$	5,638			(5	%)		25	%	$	22,049		$	21,859			(1	%)
Total assets	$	318,346		$	322,538		$	317,469		$	305,598		$	304,064			(4	%)		(1	%)
PER SHARE AND SHARES DATA [2]
Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.37		$	1.13		$	0.03		$	(0.02	)	$	0.26			(81	%)		NM		$	2.70		$	1.40			(48	%)
Core earnings available to common shareholders	$	1.17		$	1.30		$	0.00		$	0.05		$	0.74			(37	%)		NM		$	3.38		$	2.09			(38	%)
Diluted earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.24		$	1.01		$	0.03		$	(0.02	)	$	0.24			(81	%)		NM		$	2.50		$	1.30			(48	%)
Core earnings available to common shareholders	$	1.06		$	1.15		$	0.00		$	0.05		$	0.69			(35	%)		NM		$	3.09		$	1.94			(37	%)
Weighted average common shares outstanding (basic)		444.3			444.6			445.1			445.3			445.1			0.8	sh		(0.2	) sh		431.5			445.0			13.5	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		497.8			508.2			482.4			473.4			489.6			(8.2	) sh		16.2	sh		481.5			478.0			(3.5	) sh
Common shares outstanding		444.5			445.1			445.3			445.5			442.5			(2.0	) sh		(3.0	) sh		444.5			442.5			(2.0	) sh
Book value per common share	$	44.44		$	45.93		$	47.43		$	49.89		$	50.52			14	%		1	%
Per common share impact of AOCI	$	(2.26	)	$	(1.72	)	$	(0.17	)	$	2.39		$	2.62			NM			10	%
Book value per common share (excluding AOCI)	$	46.70		$	47.65		$	47.60		$	47.50		$	47.90			3	%		1	%
Book value per diluted share	$	40.40		$	41.57		$	43.11		$	46.72		$	47.25			17	%		1	%
Per diluted share impact of AOCI	$	(2.00	)	$	(1.52	)	$	(0.15	)	$	2.18		$	2.39			NM			9	%
Book value per diluted share (excluding AOCI)	$	42.40		$	43.09		$	43.26		$	44.54		$	44.86			6	%		1	%
Common shares outstanding and dilutive potential common shares		502.7			505.1			502.8			487.6			484.9			(17.8	) sh		(2.7	) sh
FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [3]		6.8	%		9.6	%		9.0	%		5.3	%		3.1	%		(3.7	)		(2.2	)
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [3]		7.5	%		9.6	%		8.7	%		5.5	%		4.5	%		(3.0	)		(1.0	)
Debt to capitalization, including AOCI		24.5	%		23.9	%		23.4	%		22.5	%		21.3	%		(3.2	)		(1.2	)
Annualized investment yield, after-tax		3.1	%		3.2	%		3.1	%		2.9	%		2.8	%		(0.3	)		(0.1	)		3.1	%		3.0	%		(0.1	)

[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 page 3 for the impact to total revenues along with the corresponding amounts in benefits, losses and loss adjustment expenses in the three months ended December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[2] See page 8 for computation of basic and diluted earnings (losses) per common share.

[3] See page 10 for a computation of ROE measures.

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.)

		00000			00000			00000			00000			00000			00000			00000			00000			00000			00000
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Property & Casualty Commercial	$	201		$	181		$	99		$	86		$	25			(88	%)		(71	%)	$	991		$	391			(61	%)
Group Benefits		30			19			30			20			15			(50	%)		(25	%)		158			84			(47	%)
Commercial Markets core earnings		231			200			129			106			40			(83	%)		(62	%)		1,149			475			(59	%)
Consumer Markets core earnings (losses)		28			113			(179	)		(10	)		83			196	%		NM			145			7			(95	%)
Individual Annuity		179			145			139			(96	)		161			(10	%)		NM			525			349			(34	%)
Individual Life		43			43			50			(19	)		39			(9	%)		NM			208			113			(46	%)
Retirement Plans		14			21			16			(26	)		8			(43	%)		NM			70			19			(73	%)
Mutual Funds		24			27			27			24			20			(17	%)		(17	%)		94			98			4	%
Wealth Management core earnings		260			236			232			(117	)		228			(12	%)		NM			897			579			(35	%)
Life Other Operations		66			93			80			128			42			(36	%)		(67	%)		210			343			63	%
P&C Other Operations		13			23			(167	)		9			16			23	%		78	%		(69	)		(119	)		(72	%)
Runoff operations core earnings		79			116			(87	)		137			58			(27	%)		(58	%)		141			224			59	%
Corporate core losses		(69	)		(79	)		(83	)		(83	)		(70	)		(1	%)		16	%		(360	)		(315	)		12	%
CONSOLIDATED
Core earnings		529			586			12			33			339			(36	%)		NM			1,972			970			(51	%)
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [1][2]		55			(237	)		92			(36	)		(213	)		NM			NM			(228	)		(394	)		(73	%)
Add: Income (loss) from discontinued operations		35			162			(80	)		3			1			(97	%)		(67	%)		(64	)		86			NM
Net income	$	619		$	511		$	24		$	—		$	127			(79	%)		NM		$	1,680		$	662			(61	%)
PER SHARE DATA [3]
Diluted earnings (losses) per common share
Core earnings available to common shareholders	$	1.06		$	1.15		$	0.00		$	0.05		$	0.69			(35	%)		NM		$	3.09		$	1.94			(37	%)
Net income (loss) available to common shareholders	$	1.24		$	1.01		$	0.03		$	(0.02	)	$	0.24			(81	%)		NM		$	2.50		$	1.30			(48	%)
DAC unlock IMPACT ON CORE EARNINGS BY SEGMENT
Individual Annuity	$	83		$	46		$	(5	)	$	(179	)	$	75			(10	%)		NM		$	152		$	(63	)		NM
Individual Life		(1	)		(2	)		(2	)		(65	)		(1	)		—			98	%		23			(70	)		NM
Retirement Plans		3			4			(4	)		(38	)		(1	)		NM			97	%		26			(39	)		NM
Life Other Operations		(36	)		13			(10	)		55			(26	)		28	%		NM			(72	)		32			NM
DAC unlock impact on core earnings		49			61			(21	)		(227	)		47			(4	%)		NM			129			(140	)		NM
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		15			1			(56	)		(289	)		(46	)		NM			84	%		(14	)		(390	)		NM
Add: Income (loss) from discontinued operations		(1	)		—			—			—			—			100	%		—			(4	)		—			100	%
																				—
DAC unlock impact on net income (loss)	$	63		$	62		$	(77	)	$	(516	)	$	1			(98	%)		NM		$	111		$	(530	)		NM

[1] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

[2] Includes those net realized capital losses excluded from core earnings (losses). See page 9 for further analysis.

[3] See page 8 for the reconciliation of net income (loss) per common share to core earnings (losses) per common share.

2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

		xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Earned premiums	$	3,509		$	3,519		$	3,545		$	3,518		$	3,506			—			—		$	14,055		$	14,088			—
Fee income		1,218			1,209			1,219			1,192			1,130			(7	%)		(5	%)		4,748			4,750			—
Net investment income (loss):
Securities available-for-sale and other		1,089			1,108			1,104			1,062			998			(8	%)		(6	%)		4,364			4,272			(2	%)
Equity securities, trading [1]		131			803			(597	)		(1,890	)		325			148	%		NM			(774	)		(1,359	)		(76	%)
Total net investment income (loss)		1,220			1,911			507			(828	)		1,323			8	%		NM			3,590			2,913			(19	%)
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(74	)		(119	)		(31	)		(71	)		(42	)		43	%		41	%		(852	)		(263	)		69	%
OTTI losses recognized in other comprehensive income		15			64			8			11			6			(60	%)		(45	%)		418			89			(79	%)
Net OTTI losses recognized in earnings		(59	)		(55	)		(23	)		(60	)		(36	)		39	%		40	%		(434	)		(174	)		60	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(30	)		(348	)		92			635			(350	)		NM			NM			(177	)		29			NM
Total net realized capital gains (losses)		(89	)		(403	)		69			575			(386	)		NM			NM			(611	)		(145	)		76	%
Other revenues		72			64			61			63			65			(10	%)		3	%		267			253			(5	%)
Total revenues		5,930			6,300			5,401			4,520			5,638			(5	%)		25	%		22,049			21,859			(1	%)
Benefits, losses and loss adjustment expenses		3,263			3,178			3,976			4,006			3,465			6	%		(14	%)		13,025			14,625			12	%
Benefits, losses and loss adjustment expenses—returns credited on International variable annuities [1]		131			803			(597	)		(1,889	)		324			147	%		NM			(774	)		(1,359	)		(76	%)
Amortization of deferred policy acquisition costs and present value of future profits		514			664			835			1,320			608			18	%		(54	%)		2,527			3,427			36	%
Insurance operating costs and expenses		1,135			1,120			1,224			1,059			995			(12	%)		(6	%)		4,407			4,398			—
Interest expense		128			128			128			128			124			(3	%)		(3	%)		508			508			—
Goodwill impairment		—			—			—			—			30			NM			NM			—			30			NM
Total benefits and expenses		5,171			5,893			5,566			4,624			5,546			7	%		20	%		19,693			21,629			10	%
Income (loss) from continuing operations before income taxes		759			407			(165	)		(104	)		92			(88	%)		NM			2,356			230			(90	%)
Income tax expense (benefit)		175			58			(269	)		(101	)		(34	)		NM			66	%		612			(346	)		NM
Income (loss) from continuing operations		584			349			104			(3	)		126			(78	%)		NM			1,744			576			(67	%)
Income (loss) from discontinued operations, net of tax		35			162			(80	)		3			1			(97	%)		(67	%)		(64	)		86			NM
Net income		619			511			24			—			127			(79	%)		NM			1,680			662			(61	%)
Less: Income (loss) from discontinued operations, net of tax		35			162			(80	)		3			1			(97	%)		(67	%)		(64	)		86			NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [2]		55			(237	)		92			(36	)		(213	)		NM			NM			(228	)		(394	)		(73	%)
Core earnings	$	529		$	586		$	12		$	33		$	339			(36	%)		NM		$	1,972		$	970			(51	%)

[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] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

AS OF DECEMBER 31, 2010 AND DECEMBER 31, 2011

		September 30,		September 30,			September 30,			September 30,			September 30,		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,		September 30,
	LIFE [1]								PROPERTY & CASUALTY [1]								CORPORATE [1]									CONSOLIDATED
	Dec. 31,		Dec. 31,						Dec. 31,			Dec. 31,					Dec. 31,			Dec. 31,						Dec. 31,			Dec. 31,
	2010		2011			Change			2010			2011		Change			2010			2011			Change			2010			2011		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	52,429	$	55,633			6	%	$	25,114		$	26,023		4	%	$	277		$	153			(45	%)	$	77,820		$	81,809		5	%
Fixed maturities, at fair value using the fair value option		639		1,317			106	%		10			11		10	%		—			—			—			649			1,328		105	%
Equity securities, trading, at fair value		32,820		30,499			(7	%)		—			—		—			—			—			—			32,820			30,499		(7	%)
Equity securities, available-for-sale, at fair value		502		515			3	%		374			302		(19	%)		97			104			7	%		973			921		(5	%)
Mortgage loans		3,915		4,979			27	%		372			749		101	%		202			—			(100	%)		4,489			5,728		28	%
Policy loans, at outstanding balance		2,181		2,001			(8	%)		—			—		—			—			—			—			2,181			2,001		(8	%)
Limited partnerships and other alternative investments		957		1,318			38	%		961			1,214		26	%		—			—			—			1,918			2,532		32	%
Other investments		1,486		2,244			51	%		83			121		46	%		48			29			(40	%)		1,617			2,394		48	%
Short-term investments		5,631		5,641			—			1,117			658		(41	%)		1,780			1,437			(19	%)		8,528			7,736		(9	%)
Total investments		100,560		104,147			4	%		28,031			29,078		4	%		2,404			1,723			(28	%)		130,995			134,948		3	%
Cash		1,809		2,377			31	%		250			203		(19	%)		3			1			(67	%)		2,062			2,581		25	%
Premiums receivable and agents’ balances		362		344			(5	%)		2,911			3,102		7	%		—			—			—			3,273			3,446		5	%
Reinsurance recoverables		1,991		2,022			2	%		2,871			2,746		(4	%)		—			—			—			4,862			4,768		(2	%)
Deferred policy acquisition costs and present value of future profits		8,594		7,483			(13	%)		1,263			1,261		—			—			—			—			9,857			8,744		(11	%)
Deferred income taxes		1,786		(312	)		NM			966			553		(43	%)		973			1,157			19	%		3,725			1,398		(62	%)
Goodwill		470		470			—			149			119		(20	%)		432			417			(3	%)		1,051			1,006		(4	%)
Property and equipment, net		398		388			(3	%)		729			632		(13	%)		23			9			(61	%)		1,150			1,029		(11	%)
Other assets		573		1,070			87	%		952			1,205		27	%		104			(1	)		NM			1,629			2,274		40	%
Separate account assets		159,742		143,870			(10	%)		—			—		—			—			—			—			159,742			143,870		(10	%)
Total assets	$	276,285	$	261,859			(5	%)	$	38,122		$	38,899		2	%	$	3,939		$	3,306			(16	%)	$	318,346		$	304,064		(4	%)
Future policy benefits, unpaid losses and loss adjustment expenses		18,573		19,466			5	%		21,025			21,550		2	%		—			—			—		$	39,598		$	41,016		4	%
Other policyholder funds and benefits payable		44,550		45,612			2	%		—			—		—			—			—			—			44,550			45,612		2	%
Other policyholder funds and benefits payable—International variable annuities		32,793		30,461			(7	%)		—			—		—			—			—			—			32,793			30,461		(7	%)
Unearned premiums		173		182			5	%		5,005			5,041		1	%		(2	)		(1	)		50	%		5,176			5,222		1	%
Debt		—		—			—			—			—		—			6,607			6,216			(6	%)		6,607			6,216		(6	%)
Consumer notes		382		314			(18	%)		—			—		—			—			—			—			382			314		(18	%)
Other liabilities		5,604		5,183			(8	%)		1,756			1,831		4	%		1,827			1,429			(22	%)		9,187			8,443		(8	%)
Separate account liabilities		159,742		143,870			(10	%)		—			—		—			—			—			—			159,742			143,870		(10	%)
Total liabilities		261,817		245,088			(6	%)		27,786			28,422		2	%		8,432			7,644			(9	%)		298,035			281,154		(6	%)
Common equity, excluding AOCI		14,247		15,003			5	%		10,379			9,851		(5	%)		(3,870	)		(3,657	)		6	%		20,756			21,197		2	%
Preferred stock		—		—			—			—			—		—			556			556			—			556			556		—
AOCI, net of tax		221		1,768			NM			(43	)		626		NM			(1,179	)		(1,237	)		(5	%)		(1,001	)		1,157		NM
Total stockholders’ equity		14,468		16,771			16	%		10,336			10,477		1	%		(4,493	)		(4,338	)		3	%		20,311			22,910		13	%
Total liabilities and equity	$	276,285	$	261,859			(5	%)	$	38,122		$	38,899		2	%	$	3,939		$	3,306			(16	%)	$	318,346		$	304,064		(4	%)

[1] Please refer to the basis of presentation on page i for a description of Life, Property & Casualty and Corporate.

4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CAPITAL STRUCTURE

		xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx
	THREE MONTHS ENDED															Year Over Year 3 Month Change			Sequential 3 Month Change
	Dec. 31, 2010			Mar. 31, 2011			Jun. 30, 2011			Sept. 30, 2011			Dec. 31, 2011
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease  obligations)	$	400		$	400		$	400		$	400		$	—			(100	%)		(100	%)
Senior notes		4,480			4,480			4,480			4,480			4,481			—			—
Junior subordinated debentures		1,727			1,730			1,734			1,737			1,735			—			—
Total debt [1]	$	6,607		$	6,610		$	6,614		$	6,617		$	6,216			(6	%)		(6	%)
STOCKHOLDERS’ EQUITY
Common stockholders’ equity, excluding AOCI, net of tax	$	20,756		$	21,207		$	21,196		$	21,160		$	21,197			2	%		—
Preferred stock		556			556			556			556			556			—			—
AOCI, net of tax		(1,001	)		(764	)		(77	)		1,065			1,157			NM			9	%
Total stockholders’ equity	$	20,311		$	20,999		$	21,675		$	22,781		$	22,910			13	%		1	%
CAPITALIZATION
Total capitalization, including AOCI, net of tax	$	26,918		$	27,609		$	28,289		$	29,398		$	29,126			8	%		(1	%)
Total capitalization, excluding AOCI, net of tax	$	27,919		$	28,373		$	28,365		$	28,333		$	27,969			—			(1	%)
DEBT TO CAPITALIZATION RATIOS [1]
Total debt to capitalization, including AOCI		24.5	%		23.9	%		23.4	%		22.5	%		21.3	%		(3.2	)		(1.2	)
Total debt to capitalization, excluding AOCI		23.7	%		23.3	%		23.3	%		23.4	%		22.2	%		(1.5	)		(1.2	)
Total rating agency adjusted debt to capitalization [2] [3]		28.5	%		27.9	%		27.2	%		26.2	%		25.2	%		(3.3	)		(1.0	)

[1] The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $382, $382, $368, $349 and $314 as of December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, 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 $1.5 billion, $1.6 billion, $1.5 billion, $1.5 billion and $1.6 billion for the three months ended December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[3] Reflects 25% equity credit for the junior subordinated debentures and the discount value of the Allianz transaction. Reflects 100% equity credit for the MCP stock.

5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

		September 30,			September 30,
	December 31, 2011			December 31, 2010
P&C U.S. Statutory Capital and Surplus [1]	$	7,412		$	7,721
GAAP Adjustments
Deferred policy acquisition costs		1,261			1,263
Benefit reserves		(59	)		(70	)
GAAP unrealized losses on investments, net of tax		641			(57	)
Goodwill		119			149
Non-admitted assets		1,081			1,247
Other, net		22			83
P&C GAAP Stockholders’ Equity	$	10,477		$	10,336
Life U.S. Statutory Capital and Surplus [1]	$	7,388		$	7,731
GAAP Adjustments
Investment in subsidiaries		3,748			2,699
Deferred policy acquisition costs		7,483			8,594
Deferred taxes		(2,059	)		(777	)
Benefit reserves		(2,991	)		(4,097	)
Unrealized losses on investments, net of impairments		2,472			306
Asset valuation reserve and interest maintenance reserve		816			420
Goodwill		470			461
Other, net		(556	)		(869	)
Life GAAP Stockholders’ Equity	$	16,771		$	14,468

[1] Please refer to the basis of presentation on page i for a description of Life and Property & Casualty.

6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

		xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx
	THREE MONTHS ENDED															Year Over Year 3 Month Change			Sequential 3 Month Change
	Dec. 31, 2010			Mar. 31, 2011			Jun. 30, 2011			Sept. 30, 2011			Dec. 31, 2011
Fixed maturities net unrealized gain (loss)	$	(562	)	$	(306	)	$	251		$	1,197		$	1,479			NM			24	%
Equities net unrealized gain (loss)		(26	)		28			7			(68	)		(88	)		NM			(29	%)
Other-than-temporary impairment losses recognized in AOCI		(108	)		(103	)		(107	)		(97	)		(99	)		8	%		(2	%)
Net deferred gain on cash-flow hedging instruments		385			317			388			542			516			34	%		(5	%)
Total net unrealized gain (loss)		(311	)		(64	)		539			1,574			1,808			NM			15	%
Foreign currency translation adjustments		488			456			514			597			600			23	%		1	%
Pension and other postretirement adjustment		(1,178	)		(1,156	)		(1,130	)		(1,106	)		(1,251	)		(6	%)		(13	%)
Total accumulated other comprehensive income (loss)	$	(1,001	)	$	(764	)	$	(77	)	$	1,065		$	1,157			NM			9	%

7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSSES) PER COMMON SHARE

		000000			000000			000000			000000			000000			000000			000000
	THREE MONTHS ENDED															YEAR  ENDED DECEMBER 31,
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011			2010			2011
Net income	$	619		$	511		$	24		$	—		$	127		$	1,680		$	662
Less: MCP dividends		11			10			11			10			11			33			42
Less: Capital Purchase Program (“CPP”) preferred dividends and accretion of discount		—			—			—			—			—			482			—
Net income (loss) available to common shareholders		608			501			13			(10	)		116			1,165			620
Add: Impact of assumed conversion of preferred shares to common [4]		11			10			—			—			—			33			—
Net income (loss) available to common shareholders and assumed conversion of preferred shares		619			511			13			(10	)		116			1,198			620
Net income (loss) available to common shareholders		608			501			13			(10	)		116			1,165			620
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [1]		55			(237	)		92			(36	)		(213	)		(228	)		(394	)
Less: Income (loss) from discontinued operations		35			162			(80	)		3			1			(64	)		86
Core earnings available to common shareholders		518			576			1			23			328			1,457			928
Add: Impact of assumed conversion of preferred shares to common [4]		11			10			—			—			11			33			—
Core earnings available to common shareholders and assumed conversion of preferred shares	$	529		$	586		$	1		$	23		$	339		$	1,490		$	928
Weighted average common shares outstanding (basic)		444.3			444.6			445.1			445.3			445.1			431.5			445.0
Dilutive effect of stock compensation		1.3			1.8			1.0			0.7			0.7			1.3			1.1
Dilutive effect of CPP Warrants [2]		31.4			34.0			32.9			27.4			23.1			31.3			29.3
Dilutive effect of Allianz warrants [3]		—			7.1			3.4			—			—			1.0			2.6
Weighted average common shares outstanding and dilutive potential common shares (diluted), before assumed conversion of preferred shares		477.0			487.5			482.4			473.4			468.9			465.1			478.0
Dilutive effect of assumed conversion of MCP [4]		20.8			20.7			—			—			20.7			16.4			—
Weighted average common shares outstanding and dilutive potential common shares (diluted) and assumed conversion of preferred shares		497.8			508.2			482.4			473.4			489.6			481.5			478.0
Net income (loss) available to common shareholders	$	1.37		$	1.13		$	0.03		$	(0.02	)	$	0.26		$	2.70		$	1.40
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		0.12			(0.53	)		0.21			(0.08	)		(0.48	)		(0.54	)		(0.88	)
Less: Income (loss) from discontinued operations		0.08			0.36			(0.18	)		0.01			—			(0.15	)		0.19
Core earnings available to common shareholders	$	1.17		$	1.30		$	0.00		$	0.05		$	0.74		$	3.38		$	2.09
Net income (loss) available to common shareholders	$	1.27		$	1.03		$	0.03		$	(0.02	)	$	0.25		$	2.50		$	1.30
Add: Impact of assumed conversion of preferred shares to common [4]		(0.03	)		(0.02	)		—			—			(0.01	)		(0.07	)		—
Net income (loss) available to common shareholders and assumed conversion of preferred shares	$	1.24		$	1.01		$	0.03		$	(0.02	)	$	0.24		$	2.58		$	1.30
Net income (loss) available to common shareholders	$	1.27		$	1.03		$	0.03		$	(0.02	)	$	0.25		$	2.50		$	1.30
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		0.11			(0.47	)		0.19			(0.08	)		(0.45	)		(0.49	)		(0.82	)
Less: Income (loss) from discontinued operations		0.07			0.32			(0.16	)		0.01			0.00			(0.14	)		0.18
Core earnings available to common shareholders		1.09			1.18			0.00			0.05			0.70			3.13			1.94
Add: Impact of assumed conversion of preferred shares to common [4]		(0.03	)		(0.03	)		—			—			(0.01	)		(0.04	)		—
Core earnings available to common shareholders and assumed conversion of preferred shares	$	1.06		$	1.15		$	0.00		$	0.05			0.69		$	3.09		$	1.94

8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC

		000000			000000			000000			000000			000000			000000			000000			000000			000000			000000
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR  ENDED DECEMBER 31,
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Net Realized Capital Gains (Losses), After-Tax and DAC
Gains/losses on sales, net	$	(29	)	$	(49	)	$	151		$	73		$	60			NM			(18	%)	$	180		$	235			31	%
Net impairment (gains) losses		(38	)		(29	)		(1	)		(42	)		(38	)		—			10	%		(320	)		(110	)		66	%
Japanese fixed annuity contract hedges, net		4			(11	)		15			(5	)		4			—			NM			18			3			(83	%)
Results of variable annuity hedge program																										—
U.S. GMWB derivatives, net		100			20			(72	)		(104	)		(75	)		NM			28	%		83			(231	)		NM
U.S. macro hedge		(60	)		(24	)		(11	)		(52	)		(60	)		—			(15	%)		(90	)		(147	)		(63	%)
Total U.S. Program		40			(4	)		(83	)		(156	)		(135	)		NM			13	%		(7	)		(378	)		NM
International program		9			(159	)		69			340			(91	)		NM			NM			(33	)		159			NM
Total results of variable annuity hedge program		49			(163	)		(14	)		184			(226	)		NM			NM			(40	)		(219	)		NM
Other net gain (loss) [1]		78			20			(59	)		(242	)		(10	)		NM			96	%		(57	)		(291	)		NM
Total net realized capital gains (losses), after-tax and DAC	$	64		$	(232	)	$	92		$	(32	)	$	(210	)		NM			NM		$	(219	)	$	(382	)		(74	%)
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	$	64		$	(232	)	$	92		$	(32	)	$	(210	)		NM			NM		$	(219	)	$	(382	)		(74	%)
Less: total net realized capital gains (losses) included in core earnings (losses)		9			5			—			4			3			(67	%)		(25	%)		9			12			33	%
Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	55		$	(237	)	$	92		$	(36	)	$	(213	)		NM			NM		$	(228	)	$	(394	)		(73	%)

[1] Other net gain (loss) primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.

9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPUTATION OF RETURN-ON-EQUITY MEASURES

		September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011
Numerator [1]:
Net income available to common shareholders —last 12 months	$	1,198		$	1,872		$	1,820		$	1,154		$	662
Core earnings available to common shareholders—last 12 months	$	1,490		$	2,013		$	1,832		$	1,160		$	970
Denominator [2]:
Average common stockholders’ equity, including AOCI		17,608.0			19,419.5			20,283.0			21,845.0			21,611.0
Less: Average AOCI		(1,511.5	)		(2,156.5	)		(1,570.5	)		(728.0	)		78.0
Average common stockholders’ equity, excluding AOCI		19,764.5			20,990.0			21,011.0			21,216.0			21,533.0
ROE (net income last 12 months to common stockholders’ equity, including AOCI) [3]		6.8	%		9.6	%		9.0	%		5.3	%		3.1	%
ROE (core earnings last 12 months to common stockholders’ equity, excluding AOCI) [3]		7.5	%		9.6	%		8.7	%		5.5	%		4.5	%

[1] For a reconciliation of net income to core earnings, see page 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.

[3] When calculating return-on-equity, the MCP preferred stock is included in average common stockholders’ equity and MCP preferred dividends are added back to net income available to common shareholders and core earnings available to common shareholders.

10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX AND DAC, EXCLUDED FROM CORE EARNINGS (LOSSES) [1]

		xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx
	Property & Casualty Commercial			Group Benefits			Total Commercial Markets			Total Consumer Markets			Individual Annuity			Individual Life			Retirement Plans			Mutual Funds			Total Wealth Management			Life Other Operations			Property & Casualty Other Operations			Total Runoff			Corporate			Consolidated
Three months ended December 31, 2010
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	16		$	16		$	32		$	3		$	(79	)	$	(22	)	$	(7	)	$	—		$	(108	)	$	(63	)	$	1		$	(62	)	$	36		$	(99	)
Less: Impacts of DAC		—			—			—			—			(164	)		(2	)		1			—			(165	)		(28	)		—			(28	)		2			(191	)
Less: Impacts of tax		5			6			11			1			29			(8	)		(3	)		(1	)		17			(8	)		—			(8	)		16			37
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	11		$	10		$	21		$	2		$	56		$	(12	)	$	(5	)	$	1		$	40		$	(27	)	$	1		$	(26	)	$	18		$	55
Three months ended March 31, 2011
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(21	)	$	(13	)	$	(34	)	$	(4	)	$	(32	)	$	(31	)	$	(9	)	$	1		$	(71	)	$	(281	)	$	(3	)	$	(284	)	$	(12	)	$	(405	)
Less: Impacts of DAC		—			—			—			—			(22	)		(3	)		(1	)		—			(26	)		(12	)		—			(12	)		1			(37	)
Less: Impacts of tax		(7	)		(5	)		(12	)		(1	)		(4	)		(10	)		(2	)		—			(16	)		(97	)		(1	)		(98	)		(4	)		(131	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(14	)	$	(8	)	$	(22	)	$	(3	)	$	(6	)	$	(18	)	$	(6	)	$	1		$	(29	)	$	(172	)	$	(2	)	$	(174	)	$	(9	)	$	(237	)
Three months ended June 30, 2011
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	14		$	10		$	24		$	3		$	(13	)	$	8		$	11		$	—		$	6		$	28		$	4		$	32		$	8		$	73
Less: Impacts of DAC		—			—			—			—			106			9			6			—			121			(55	)		—			(55	)		1			67
Less: Impacts of tax		(11	)		(1	)		(12	)		(2	)		(47	)		(5	)		(9	)		—			(61	)		(10	)		1			(9	)		(2	)		(86	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	25		$	11		$	36		$	5		$	(72	)	$	4		$	14		$	—		$	(54	)	$	93		$	3		$	96		$	9		$	92
Three months ended September 30, 2011
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(49	)	$	7		$	(42	)	$	(10	)	$	(238	)	$	31		$	(2	)	$	—		$	(209	)	$	890		$	(5	)	$	885		$	(50	)	$	574
Less: Impacts of DAC		—			—			—			—			(1	)		16			7			—			22			592			—			592			(6	)		608
Less: Impacts of tax		(17	)		2			(15	)		(4	)		(85	)		5			(3	)		—			(83	)		123			(4	)		119			(15	)		2
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(32	)	$	5		$	(27	)	$	(6	)	$	(152	)	$	10		$	(6	)	$	—		$	(148	)	$	175		$	(1	)	$	174		$	(29	)	$	(36	)
Three months ended December 31, 2011
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	11		$	(4	)	$	6		$	2		$	(315	)	$	22		$	(10	)	$	1		$	(302	)	$	(65	)	$	3		$	(62	)	$	(42	)	$	(397	)
Less: Impacts of DAC		—			—			—			—			(111	)		(14	)		(1	)		—			(126	)		43			—			43			—			(83	)
Less: Impacts of tax		3			(2	)		—			—			(71	)		12			(3	)		2			(60	)		(27	)		1			(26	)		(16	)		(101	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	8		$	(2	)	$	6		$	2		$	(133	)	$	24		$	(6	)	$	(1	)	$	(116	)	$	(81	)	$	2		$	(79	)	$	(26	)	$	(213	)

[1] The above tables show the components of net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses). The impacts of DAC are calculated consistent with the Company’s accounting policy on amortization of DAC.

The impacts of tax are calculated at an effective tax rate of 35% as applicable. Impacts of tax also includes any increase in the deferred tax asset valuation allowance.

11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX AND DAC, EXCLUDED FROM CORE EARNINGS (LOSSES) [1]

		xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx
	Property & Casualty Commercial			Group Benefits			Total Commercial Markets			Total Consumer Markets			Individual Annuity			Individual Life			Retirement Plans			Mutual Funds			Total Wealth Management			Life Other Operations			Property & Casualty  Other Operations			Total Runoff			Corporate			Consolidated
Year ended December 31, 2010
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	12		$	49		$	61		$	2		$	(353	)	$	23		$	(12	)	$	—		$	(342	)	$	(428	)	$	24		$	(404	)	$	68		$	(615	)
Less: Impacts of DAC		—			—			—			—			(365	)		(17	)		8			—			(374	)		(37	)		—			(37	)		6			(405	)
Less: Impacts of tax		20			22			42			4			10			19			3			(1	)		31			(97	)		8			(89	)		30			18
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(8	)	$	27		$	19		$	(2	)	$	2		$	21		$	(23	)	$	1		$	1		$	(294	)	$	16		$	(278	)	$	32		$	(228	)
Year ended December 31, 2011
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)	$	(45	)	$	—		$	(45	)	$	(9	)	$	(598	)	$	30		$	(10	)	$	2		$	(576	)	$	572		$	(1	)	$	571		$	(96	)	$	(155	)
Less: Impacts of DAC		—			—			—			—			(28	)		8			11			—			(9	)		568			—			568			(4	)		555
Less: Impacts of tax		(32	)		(6	)		(38	)		(7	)		(207	)		2			(17	)		2			(220	)		(11	)		(3	)		(14	)		(37	)		(316	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(13	)	$	6		$	(7	)	$	(2	)	$	(363	)	$	20		$	(4	)	$	—		$	(347	)	$	15		$	2		$	17		$	(55	)	$	(394	)

[1] The above tables show the components of net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses). The impacts of DAC are calculated consistent with the Company’s accounting policy on amortization of DAC.

The impacts of tax are calculated at an effective tax rate of 35%, as applicable. Impacts of tax also includes any increase in the deferred tax asset valuation allowance.

12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Property and Casualty Insurance Product

UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

		xxxx			xxxx			xxxx			xxxx
	For the three months ended December 31, 2011
	Property and Casualty Commercial			Consumer Markets			PC Other Ops			Total PC
Beginning liabilities for unpaid losses and loss adjustment expenses, gross		15,286			2,152			4,179			21,617
Reinsurance and other recoverables		2,428			9			730			3,167
Beginning liabilities for unpaid losses and loss adjustment expenses, net		12,858			2,143			3,449			18,450
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		1,142			634			—			1,776
Current accident year catastrophes		15			(1	)		—			14
Prior accident years		109			(17	)		6			98
Total provision for unpaid losses and loss adjustment expenses		1,266			616			6			1,888
Payments		(1,030	)		(707	)		(84	)		(1,821	)
Ending liabilities for unpaid losses and loss adjustment expenses, net		13,094			2,052			3,371			18,517
Reinsurance and other recoverables		2,343			9			681			3,033
Ending liabilities for unpaid losses and loss adjustment expenses, gross		15,437			2,061			4,052			21,550

13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Property and Casualty Insurance Product

UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

		xxxx			xxxx			xxxx			xxxx
	For the year ended December 31, 2011
	Property and Casualty Commercial			Consumer Markets			PC Other Ops			Total PC
Beginning liabilities for unpaid losses and loss adjustment expenses, gross		14,727			2,177			4,121			21,025
Reinsurance and other recoverables		2,361			17			699			3,077
Beginning liabilities for unpaid losses and loss adjustment expenses, net		12,366			2,160			3,422			17,948
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		4,139			2,536			—			6,675
Current accident year catastrophes		320			425			—			745
Prior accident years		125			(75	)		317			367
Total provision for unpaid losses and loss adjustment expenses		4,584			2,886			317			7,787
Payments		(3,856	)		(2,994	)		(368	)		(7,218	)
Ending liabilities for unpaid losses and loss adjustment expenses, net		13,094			2,052			3,371			18,517
Reinsurance and other recoverables		2,343			9			681			3,033
Ending liabilities for unpaid losses and loss adjustment expenses, gross		15,437			2,061			4,052			21,550

14

COMMERCIAL MARKETS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

INCOME STATEMENTS

		000000		000000			000000			000000			000000			000000			000000			000000		000000			000000
															Year Over
	THREE MONTHS ENDED														Year			Sequential			YEAR  ENDED DECEMBER 31,
	Dec. 31,		Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2010		2011			2011			2011			2011			Change			Change			2010		2011			Change
Earned premiums	$	2,496	$	2,526		$	2,579		$	2,553		$	2,554			2	%		—		$	9,968	$	10,212			2	%
Fee income		14		16			14			16			16			14	%		—			54		62			15	%
Net investment income		347		346			345			319			311			(10	%)		(3	%)		1,364		1,321			(3	%)
Other revenues		24		23			26			28			20			(17	%)		(29	%)		96		97			1	%
Net realized capital gains (losses)		29		(37	)		23			(45	)		6			(79	%)		NM			49		(53	)		NM
Total revenues		2,910		2,874			2,987			2,871			2,907			—			1	%		11,531		11,639			1	%
Losses and loss adjustment expenses		1,767		1,830			1,997			1,983			2,080			18	%		5	%		6,701		7,890			18	%
Amortization of deferred policy acquisition costs		350		350			353			354			354			1	%		—			1,414		1,411			—
Insurance operating costs and other expenses		454		472			461			451			416			(8	%)		(8	%)		1,776		1,800			1	%
Goodwill impairment		—		—			—			—			30			—			—			—		30			—
Total benefits and expenses		2,571		2,652			2,811			2,788			2,880			12	%		3	%		9,891		11,131			13	%
Income from continuing operations before income taxes		339		222			176			83			27			(92	%)		(67	%)		1,640		508			(69	%)
Income tax expense (benefit) [1]		87		44			11			4			(19	)		NM			NM			472		40			(92	%)
Income from continuing operations		252		178			165			79			46			(82	%)		(42	%)		1,168		468			(60	%)
Income (loss) from discontinued operations, net of tax		1		160			(3	)		(2	)		(5	)		NM			(150	%)		12		150			NM
Net income		253		338			162			77			41			(84	%)		(47	%)		1,180		618			(48	%)
Less: Income (loss) from discontinued operations, net of tax		1		160			(3	)		(2	)		(5	)		NM			(150	%)		12		150			NM
Less: Net realized capital gains (losses), after-tax, excluded from core earnings [1][2]		21		(22	)		36			(27	)		6			(71	%)		NM			19		(7	)		NM
Core earnings	$	231	$	200		$	129		$	106		$	40			(83	%)		(62	%)	$	1,149	$	475			(59	%)

[1] The three months ended June 30, 2011 includes a benefit of $21, related to the release of a tax valuation allowance.

[2] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

PROPERTY & CASUALTY COMMERCIAL

OPERATING RESULTS

		000000			000000			000000			000000			000000			000000			000000			000000			000000			000000
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR  ENDED DECEMBER 31,
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	1,449		$	1,645		$	1,498		$	1,551		$	1,482			2	%		(4	%)	$	5,796		$	6,176			7	%
Change in unearned premium reserve		(17	)		147			(19	)		(2	)		(77	)		NM			NM			52			49			(6	%)
Earned premiums		1,466			1,498			1,517			1,553			1,559			6	%		—			5,744			6,127			7	%
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		945			962			950			1,085			1,142			21	%		5	%		3,579			4,139			16	%
Current accident year catastrophes		18			46			166			93			15			(17	%)		(84	%)		152			320			111	%
Prior accident years [2]		(22	)		(6	)		31			(9	)		109			NM			NM			(361	)		125			NM
Total losses and loss adjustment expenses		941			1,002			1,147			1,169			1,266			35	%		8	%		3,370			4,584			36	%
Underwriting expenses [3]		443			455			455			454			435			(2	%)		(4	%)		1,779			1,799			1	%
Dividends to policyholders [4]		5			4			4			5			5			—			—			5			18			NM
Underwriting results		77			37			(89	)		(75	)		(147	)		NM			(96	%)		590			(274	)		NM
Net investment income		242			242			239			217			212			(12	%)		(2	%)		935			910			(3	%)
Periodic net coupon settlements on credit derivatives, before-tax		(2	)		(2	)		(1	)		(2	)		—			100	%		100	%		(9	)		(5	)		44	%
Other expenses		(45	)		(40	)		(34	)		(35	)		(29	)		36	%		17	%		(138	)		(138	)		—
Goodwill impairment		—			—			—			—			(30	)		—			—			—			(30	)		—
Income tax (expense) benefit		(71	)		(56	)		(16	)		(19	)		19			NM			NM			(387	)		(72	)		81	%
Core earnings		201			181			99			86			25			(88	%)		(71	%)		991			391			(61	%)
Add: Net realized capital gains (losses), after-tax [5]		11			(14	)		25			(32	)		8			(27	%)		NM			(8	)		(13	)		(63	%)
Income from continuing operations, net of tax		212			167			124			54			33			(84	%)		(39	%)		983			378			(62	%)
Add: Income (loss) from discontinued operations, net of tax		1			160			(3	)		(2	)		(5	)		NM			(150	%)		12			150			NM
Net Income	$	213		$	327		$	121		$	52		$	28			(87	%)		(46	%)	$	995		$	528			(47	%)

[1] The three months ended December 31, 2010 included current accident year reserve strengthening of $44 primarily driven by workers compensation and programs business. The three months ended September 30, 2011 included current accident year reserve strengthening of $47 predominantly related to workers compensation business. The three months ended December 31, 2011 included current accident year reserve strengthening of $87 predominantly related to workers compensation business.

[2] Included within prior accident years development were the following reserve strengthenings (releases):

		000000			000000			000000			000000			000000			000000			000000
	THREE MONTHS ENDED															YEAR  ENDED DECEMBER 31,
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011			2010			2011
Auto liability		(3	)		(1	)		—			(4	)		1			(54	)		(4	)
Workers’ compensation		(17	)		(1	)		4			7			161			(70	)		171
Package business		1			(7	)		3			(42	)		(30	)		(19	)		(76	)
General liability		(14	)		6			6			(8	)		(44	)		(108	)		(40	)
Professional liability		(1	)		(9	)		2			29			7			(88	)		29
Fidelity & Surety		4			—			(2	)		(7	)		2			(5	)		(7	)
Commercial Property		(3	)		2			(7	)		1			—			(16	)		(4	)
Uncollectible reinsurance		—			—			—			—			—			(30	)		—
Discount accretion on workers’ compensation		6			7			10			15			6			26			38
Catastrophes		—			(5	)		10			2			5			1			12
Other reserve re-estimates, net		5			2			5			(2	)		1			2			6
Total prior accident years development		(22	)		(6	)		31			(9	)		109			(361	)		125

[3] The year ended December 31, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes. The year ended December 31, 2011 included taxes, licenses and fees reserve releases of $12.

[4] The year ended December 31, 2010 included a decrease in prior year dividends of $12.

[5] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

PROPERTY & CASUALTY COMMERCIAL

UNDERWRITING RESULTS

		000000			000000			000000			000000			000000			000000			000000			000000			000000			000000
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR  ENDED DECEMBER 31,
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	1,449		$	1,645		$	1,498		$	1,551		$	1,482			2	%		(4	%)	$	5,796		$	6,176			7	%
Change in unearned premium reserve		(17	)		147			(19	)		(2	)		(77	)		NM			NM			52			49			(6	%)
Earned premiums		1,466			1,498			1,517			1,553			1,559			6	%		—			5,744			6,127			7	%
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		945			962			950			1,085			1,142			21	%		5	%		3,579			4,139			16	%
Current accident year catastrophes		18			46			166			93			15			(17	%)		(84	%)		152			320			111	%
Prior accident years [2]		(22	)		(6	)		31			(9	)		109			NM			NM			(361	)		125			NM
Total losses and loss adjustment expenses		941			1,002			1,147			1,169			1,266			35	%		8	%		3,370			4,584			36	%
Underwriting expenses [3]		443			455			455			454			435			(2	%)		(4	%)		1,779			1,799			1	%
Dividends to policyholders [4]		5			4			4			5			5			—			—			5			18			NM
Underwriting results		77			37			(89	)		(75	)		(147	)		NM			(96	%)		590			(274	)		NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses					.
Current accident year before catastrophes [1]		64.4			64.3			62.6			69.9			73.3			(8.9	)		(3.4	)		62.3			67.6			(5.3	)
Current accident year catastrophes		1.2			3.1			11.0			6.0			1.0			0.2			5.0			2.7			5.2			(2.5	)
Prior accident years [2]		(1.5	)		(0.4	)		2.1			(0.6	)		7.0			(8.5	)		(7.6	)		(6.3	)		2.0			(8.3	)
Total losses and loss adjustment expenses		64.2			66.9			75.6			75.3			81.2			(17.0	)		(5.9	)		58.7			74.8			(16.1	)
Expenses		30.2			30.4			30.0			29.2			27.9			2.3			1.3			31.0			29.4			1.6
Policyholder dividends		0.3			0.3			0.3			0.3			0.3			—			—			0.1			0.3			(0.2	)
Combined ratio		94.7			97.5			105.8			104.8			109.4			(14.7	)		(4.6	)		89.7			104.5			(14.8	)
Catastrophes
Current year		1.2			3.0			11.0			6.0			1.0			0.2			5.0			2.7			5.2			(2.5	)
Prior year		—			(0.3	)		0.7			0.1			0.3			(0.3	)		(0.2	)		—			0.2			(0.2	)
Catastrophe ratio		1.3			2.7			11.6			6.1			1.3			—			4.8			2.7			5.4			(2.7	)
Combined ratio before catastrophes		93.5			94.8			94.2			98.7			108.1			(14.6	)		(9.4	)		87.1			99.1			(12.0	)
Combined ratio before catastrophes and prior year development		95.0			94.9			92.8			99.4			101.5			(6.5	)		(2.1	)		93.4			97.2			(3.8	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Standard Commercial Lines Renewal Written Price Increases [5]		1	%		3	%		3	%		4	%		5	%		4	%		1	%		1	%		4	%		3	%
Standard Commercial Lines Policy Count Retention [5]		83	%		83	%		82	%		82	%		83	%		—			1	%		84	%		82	%		(2	%)
New Business Premium $	$	270		$	303		$	286		$	271		$	237			(12	%)		(13	%)	$	1,122		$	1,097			(2	%)
Standard Commercial Lines Policies in Force [5]		1,211,047			1,229,758			1,250,152			1,256,229			1,252,820			3	%		—

[1] The three months ended December 31, 2010 included current accident year reserve strengthening of $44, or 3.0 points, primarily driven by workers compensation and programs business. The three months ended September 30, 2011 included current accident year reserve strengthening of $47, or 3.0 points, predominantly related to workers compensation business. The three months ended December 31, 2011 included current accident year reserve strengthening of $87, or 5.6 points, predominantly related to workers compensation business.

[2] Refer to footnote 2 on page 16 for a summary of reserve strengthenings (releases) that are included within prior accident years development.

[3] The year ended December 31, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes. The year ended December 31, 2011 included taxes, licenses and fees reserve releases of $12.

[4] The year ended December 31, 2010 included a decrease in prior year dividends of $12.

[5] Standard commercial lines consist of The Hartford’s small commercial and middle market lines of business.

17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

GROUP BENEFITS

INCOME STATEMENTS

		000000			000000			000000			000000			000000			000000			000000			000000			000000			000000
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR  ENDED DECEMBER 31,
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Direct premiums	$	1,025		$	1,024		$	1,058		$	996		$	995			(3	%)		—		$	4,200		$	4,073			(3	%)
Reinsurance premiums		5			4			4			4			—			(100	%)		(100	%)		24			12			(50	%)
Net premiums		1,030			1,028			1,062			1,000			995			(3	%)		—			4,224			4,085			(3	%)
Administrative Services Only (“ASO”) fees		10			11			11			11			11			10	%		—			39			44			13	%
Other fees		4			5			3			5			5			25	%		—			15			18			20	%
Total fee income		14			16			14			16			16			14	%		—			54			62			15	%
Total premiums and other considerations		1,044			1,044			1,076			1,016			1,011			(3	%)		—			4,278			4,147			(3	%)
Net investment income		105			104			106			102			99			(6	%)		(3	%)		429			411			(4	%)
Net realized capital losses - core		(1	)		(1	)		—			(1	)		(1	)		—			—			(3	)		(3	)		—
Total core revenues		1,148			1,147			1,182			1,117			1,109			(3	%)		(1	%)		4,704			4,555			(3	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		16			(13	)		10			7			(4	)		NM			NM			49			—			(100	%)
Total revenues		1,164			1,134			1,192			1,124			1,105			(5	%)		(2	%)		4,753			4,555			(4	%)
Benefits and Expenses
Benefits and losses
Death benefits		286			340			319			300			283			(1	%)		(6	%)		1,217			1,242			2	%
Other contract benefits		481			488			478			486			485			1	%		—			1,865			1,937			4	%
Change in reserve		59			—			53			28			46			(22	%)		64	%		249			127			(49	%)
Total benefits and losses		826			828			850			814			814			(1	%)		—			3,331			3,306			(1	%)
Other insurance expenses
Commissions & wholesaling expenses		125			136			136			125			121			(3	%)		(3	%)		546			518			(5	%)
Operating expenses		133			133			135			135			131			(2	%)		(3	%)		522			534			2	%
Premium taxes and other expenses [1]		25			31			23			21			25			—			19	%		93			100			8	%
Subtotal - expenses before deferral		283			300			294			281			277			(2	%)		(1	%)		1,161			1,152			(1	%)
Deferred policy acquisition costs		(11	)		(14	)		(13	)		(13	)		(8	)		27	%		38	%		(50	)		(48	)		4	%
Total other insurance expense		272			286			281			268			269			(1	%)		—			1,111			1,104			(1	%)
Amortization of deferred policy acquisition costs		15			14			14			14			13			(13	%)		(7	%)		61			55			(10	%)
Total benefits and expenses		1,113			1,128			1,145			1,096			1,096			(2	%)		—			4,503			4,465			(1	%)
Core earnings before income taxes		35			19			37			21			13			(63	%)		(38	%)		201			90			(55	%)
Income tax expense		5			—			7			1			(2	)		NM			NM			43			6			(86	%)
Core earnings		30			19			30			20			15			(50	%)		(25	%)		158			84			(47	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [2]		10			(8	)		11			5			(2	)		NM			NM			27			6			(78	%)
Net income		40			11			41			25			13			(67	%)		(48	%)		185			90			(51	%)
After-Tax Profit as % of Revenues
Core earnings		2.6	%		1.7	%		2.6	%		1.8	%		1.4	%		(1.2	)		(0.4	)		3.4	%		1.9	%		(1.5	)
Net income		3.4	%		1.0	%		3.6	%		2.2	%		1.2	%		(2.2	)		(1.0	)		3.9	%		2.0	%		(1.9	)

[1] The three months ended March 31, 2011 includes a one-time payment to a third-party administrator of $8, before-tax.

[2] See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL MARKETS

GROUP BENEFITS

SUPPLEMENTAL DATA

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED															Year Over Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
PREMIUMS
Fully Insured - Ongoing Premiums
Group disability	$	470		$	462		$	452		$	452		$	452			(4	%)		—		$	1,892		$	1,818			(4	%)
Group life		513			516			512			501			495			(4	%)		(1	%)		2,052			2,024			(1	%)
Other		47			50			49			47			48			2	%		2	%		222			194			(13	%)
Total fully insured - ongoing premiums	$	1,030		$	1,028		$	1,013		$	1,000		$	995			(3	%)		—		$	4,166		$	4,036			(3	%)
Total buyouts [1]		—			—			49			—			—			—			—			58			49			(16	%)
Total premiums		1,030			1,028			1,062			1,000		$	995			(3	%)		(1	%)		4,224			4,085			(3	%)
Group disability - premium equivalents [2]		99			105			107			109			111			12	%		2	%		394			432			10	%
Total premiums and premium equivalent	$	1,129		$	1,133		$	1,169		$	1,109		$	1,106			(2	%)		—		$	4,618		$	4,517			(2	%)
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured - Ongoing Sales
Group disability	$	37		$	109		$	41		$	36		$	33			(11	%)		(8	%)	$	237		$	219			(8	%)
Group life		47			128			48			53			40			(15	%)		(25	%)		332			269			(19	%)
Other		2			7			3			2			5			150	%		150	%		14			17			21	%
Total fully insured - ongoing sales		86			244			92			91			78			(9	%)		(14	%)		583			505			(13	%)
Total buyouts [1]		—			—			49			(1	)		—			—			100	%		58			48			(17	%)
Total sales		86			244			141			90			78			(9	%)		(13	%)		641			553			(14	%)
Group disability premium equivalents [2]		8			47			22			23			14			75	%		(39	%)		92			106			15	%
Total sales and premium equivalents	$	94		$	291		$	163		$	113		$	92			(2	%)		(19	%)	$	733		$	659			(10	%)
RATIOS [3]
Loss Ratio		79.1	%		79.3	%		78.0	%		80.1	%		80.5	%		1.4			0.4			77.6	%		79.5	%		1.9
Expense Ratio [4]		27.5	%		28.7	%		28.7	%		27.8	%		27.9	%		0.4			0.1			27.8	%		28.3	%		0.5
GAAP RESERVES [5]
Group disability	$	5,127		$	5,164		$	5,225		$	5,259			5,307			4	%		1	%
Group life		1,250			1,217			1,210			1,206			1,202			(4	%)		—
Other		79			76			75			75			77			(3	%)		3	%
Total GAAP reserves	$	6,456		$	6,457		$	6,510		$	6,540		$	6,586			2	%		1	%

[1] Takeover of open claim liabilities and other non-recurring premium amounts.

[2] ASO fees and claims under claim management agreements.

[3] Ratios calculated excluding the effects of buyout premiums.

[4] The three months ended March 31, 2011 includes a one-time payment to a third-party administrator totaling 0.7 points.

[5] Reserve balances for the three months ended December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011 are net of reinsurance recoverables of $209, $212, $219, $225, and $233, respectively.

19

CONSUMER MARKETS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

INCOME STATEMENTS

		September 30,		September 30,			September 30,			September 30,			September 30,		September 30,			September 30,			September 30,			September 30,			September 30,
														Year Over
	THREE MONTHS ENDED													Year			Sequential			YEAR ENDED
	Dec. 31,		Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2010		2011			2011			2011			2011		Change			Change			2010			2011			Change
Earned premiums	$	971	$	956		$	939		$	930		$	922		(5	%)		(1	%)	$	3,947		$	3,747			(5	%)
Net investment income		48		50			49			46			42		(13	%)		(9	%)		187			187			—
Other revenues		49		40			36			35			45		(8	%)		29	%		172			156			(9	%)
Net realized capital gains (losses)		2		(4	)		2			(10	)		1		(50	%)		NM			—			(11	)		—
Total revenues		1,070		1,042			1,026			1,001			1,010		(6	%)		1	%		4,306			4,079			(5	%)
Losses and loss adjustment expenses		739		599			904			767			616		(17	%)		(20	%)		2,951			2,886			(2	%)
Amortization of deferred policy acquisition costs		164		161			160			159			159		(3	%)		—			667			639			(4	%)
Insurance operating costs and other expenses [1]		128		120			240			106			112		(13	%)		6	%		493			578			17	%
Total benefits and expenses		1,031		880			1,304			1,032			887		(14	%)		(14	%)		4,111			4,103			—
Income (loss) before income taxes		39		162			(278	)		(31	)		123		NM			NM			195			(24	)		NM
Income tax expense (benefit)		9		52			(104	)		(15	)		38		NM			NM			52			(29	)		NM
Net income (loss)		30		110			(174	)		(16	)		85		183	%		NM			143			5			(97	%)
Less: Net realized capital gains (losses), after-tax, excluded from core earnings (losses) [2]		2		(3	)		5			(6	)		2		—			NM			(2	)		(2	)		—
Core earnings (losses)	$	28	$	113		$	(179	)	$	(10	)	$	83		196	%		NM		$	145		$	7			(95	%)

[1] The three months ended June 30, 2011 includes a charge of $113, before-tax, related to a discontinued software program.

[2] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

OPERATING RESULTS

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	896		$	884		$	969		$	964		$	858			(4	%)		(11	%)	$	3,886		$	3,675			(5	%)
Change in unearned premium reserve		(75	)		(72	)		30			34			(64	)		15	%		NM			(61	)		(72	)		(18	%)
Earned premiums		971			956			939			930			922			(5	%)		(1	%)		3,947			3,747			(5	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		703			616			623			663			634			(10	%)		(4	%)		2,737			2,536			(7	%)
Current accident year catastrophes		71			32			281			113			(1	)		NM			NM			300			425			42	%
Prior accident years [1]		(35	)		(49	)		—			(9	)		(17	)		51	%		(89	%)		(86	)		(75	)		13	%
Total losses and loss adjustment expenses		739			599			904			767			616			(17	%)		(20	%)		2,951			2,886			(2	%)
Underwriting expenses		237			233			236			226			223			(6	%)		(1	%)		957			918			(4	%)
Underwriting results		(5	)		124			(201	)		(63	)		83			NM			NM			39			(57	)		NM
Net investment income		48			50			49			46			42			(13	%)		(9	%)		187			187			—
Periodic net coupon settlements on credit derivatives, before-tax		(1	)		—			(1	)		—			(1	)		—			—			(2	)		(2	)		—
Other expenses [2]		(6	)		(8	)		(128	)		(4	)		(3	)		50	%		25	%		(31	)		(143	)		NM
Income tax benefit (expense)		(8	)		(53	)		102			11			(38	)		NM			NM			(48	)		22			NM
Core earnings (losses)		28			113			(179	)		(10	)		83			196	%		NM			145			7			(95	%)
Add: Net realized capital gains (losses), after-tax [3]		2			(3	)		5			(6	)		2			—			NM			(2	)		(2	)		—
Net income (loss)	$	30		$	110		$	(174	)	$	(16	)	$	85			183	%		NM		$	143		$	5			(97	%)

[1] Included within prior accident years development were the following reserve strengthenings (releases):

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED															YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2010			2011			2011			2011			2011			2010			2011
Auto liability	$	(33	)	$	(55	)	$	(9	)	$	(19	)	$	(10	)	$	(115	)	$	(93	)
Homeowners		(4	)		(14	)		1			14			(2	)		23			(1	)
Catastrophes		(1	)		19			9			—			(3	)		10			25
Other reserve re-estimates, net		3			1			(1	)		(4	)		(2	)		(4	)		(6	)
Total prior accident years development	$	(35	)	$	(49	)	$	—		$	(9	)	$	(17	)	$	(86	)	$	(75	)

[2] The three months ended June 30, 2011 includes a charge of $113, before-tax, related to a discontinued software program.

[3] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

UNDERWRITING RESULTS

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
UNDERWRITING RESULTS
Written premiums	$	896		$	884		$	969		$	964		$	858			(4	%)		(11	%)	$	3,886		$	3,675			(5	%)
Change in unearned premium reserve		(75	)		(72	)		30			34			(64	)		15	%		NM			(61	)		(72	)		(18	%)
Earned premiums		971			956			939			930			922			(5	%)		(1	%)		3,947			3,747			(5	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		703			616			623			663			634			(10	%)		(4	%)		2,737			2,536			(7	%)
Current accident year catastrophes		71			32			281			113			(1	)		NM			NM			300			425			42	%
Prior accident years [1]		(35	)		(49	)		—			(9	)		(17	)		51	%		(89	%)		(86	)		(75	)		13	%
Total losses and loss adjustment expenses		739			599			904			767			616			(17	%)		(20	%)		2,951			2,886			(2	%)
Underwriting expenses		237			233			236			226			223			(6	%)		(1	%)		957			918			(4	%)
Underwriting results		(5	)		124			(201	)		(63	)		83			NM			NM			39			(57	)		NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		72.4			64.3			66.5			71.3			68.8			3.6			2.5			69.4			67.7			1.7
Current accident year catastrophes		7.3			3.4			29.9			12.2			(0.1	)		7.4			12.3			7.6			11.3			(3.7	)
Prior accident years [1]		(3.6	)		(5.1	)		(0.0	)		(1.0	)		(1.8	)		(1.8	)		0.8			(2.2	)		(2.0	)		(0.2	)
Total losses and loss adjustment expenses		76.0			62.6			96.4			82.5			66.8			9.2			15.7			74.8			77.0			(2.2	)
Expenses		24.4			24.4			25.1			24.3			24.2			0.2			0.1			24.2			24.5			(0.3	)
Combined ratio		100.4			87.0			121.5			106.8			91.0			9.4			15.8			99.0			101.5			(2.5	)
Catastrophes
Current year		7.3			3.4			29.9			12.2			(0.1	)		7.4			12.3			7.6			11.3			(3.7	)
Prior year		—			2.0			1.0			—			(0.3	)		0.3			0.3			0.3			0.7			(0.4	)
Catastrophe ratio		7.2			5.4			30.8			12.2			(0.4	)		7.6			12.6			7.8			12.0			(4.2	)
Combined ratio before catastrophes		93.2			81.6			90.6			94.6			91.4			1.8			3.2			91.2			89.5			1.7
Combined ratio before catastrophes and prior year development		96.8			88.7			91.6			95.6			93.0			3.8			2.6			93.6			92.2			1.4
PRODUCT
Automobile		103.1			85.7			99.5			100.3			100.3			2.8			—			97.1			96.4			0.7
Homeowners		94.1			89.2			172.8			122.1			71.0			23.1			51.1			104.0			113.7			(9.7	)
Total		100.4			87.0			121.5			106.8			91.0			9.4			15.8			99.0			101.5			(2.5	)

[1] Refer to footnote 1 on page 21 for a summary of reserve strengthenings (releases) that are included within prior accident years development.

22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

WRITTEN AND EARNED PREMIUMS

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec, 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	653		$	647		$	724		$	717		$	630			(4	%)		(12	%)	$	2,819		$	2,718			(4	%)
Agency		231			224			233			232			216			(6	%)		(7	%)		1,014			905			(11	%)
Other		12			13			12			15			12			—			(20	%)		53			52			(2	%)
Total	$	896		$	884		$	969		$	964		$	858			(4	%)		(11	%)	$	3,886		$	3,675			(5	%)
EARNED PREMIUMS [1]
AARP	$	707		$	698		$	694		$	687		$	685			(3	%)		—		$	2,850		$	2,764			(3	%)
Agency		251			243			234			229			224			(11	%)		(2	%)		1,040			930			(11	%)
Other		13			15			11			14			13			—			(7	%)		57			53			(7	%)
Total	$	971		$	956		$	939		$	930		$	922			(5	%)		(1	%)	$	3,947		$	3,747			(5	%)
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	630		$	641		$	665		$	657		$	599			(5	%)		(9	%)	$	2,745		$	2,562			(7	%)
Homeowners		266			243			304			307			259			(3	%)		(16	%)		1,141			1,113			(2	%)
Total	$	896		$	884		$	969		$	964		$	858			(4	%)		(11	%)	$	3,886		$	3,675			(5	%)
EARNED PREMIUMS [1]
Automobile	$	684		$	672		$	657		$	649		$	641			(6	%)		(1	%)	$	2,806		$	2,619			(7	%)
Homeowners		287			284			282			281			281			(2	%)		—			1,141			1,128			(1	%)
Total	$	971		$	956		$	939		$	930		$	922			(5	%)		(1	%)	$	3,947		$	3,747			(5	%)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price Increases
Automobile		7	%		7	%		6	%		4	%		3	%		(4	%)		(1	%)		6	%		5	%		(1	%)
Homeowners		10	%		9	%		9	%		8	%		6	%		(4	%)		(2	%)		10	%		8	%		(2	%)
Policy Count Retention
Automobile		81	%		82	%		82	%		83	%		83	%		2	%		—			83	%		83	%		—
Homeowners		84	%		83	%		84	%		84	%		84	%		—			—			85	%		84	%		(1	%)
New Business Premium $
Automobile	$	62		$	66		$	75		$	80		$	77			24	%		(4	%)	$	311		$	298			(4	%)
Homeowners	$	20		$	19		$	23		$	26		$	23			15	%		(12	%)	$	106		$	91			(14	%)
Policies in force
Automobile		2,226,351			2,178,719			2,137,351			2,106,385			2,080,535			(7	%)		(1	%)
Homeowners		1,426,107			1,402,264			1,380,301			1,358,162			1,338,676			(6	%)		(1	%)

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

23

WEALTH MANAGEMENT

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

OPERATING RESULTS

		xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx
																Year  Over Year 3 Month Change			Sequential 3 Month Change
	THREE MONTHS ENDED																					YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,									DECEMBER 31,
	2010			2011			2011			2011			2011									2010			2011			Change
REVENUES
Earned premiums [1]	$	45		$	44		$	33		$	42		$	35			(22	%)		(17	%)	$	134		$	154			15	%
Fee income [1]		892			883			886			855			812			(9	%)		(5	%)		3,473			3,436			(1	%)
Net investment income		391			406			410			406			395			1	%		(3	%)		1,570			1,617			3	%
Net realized capital gains losses - core		2			2			—			2			—			(100	%)		(100	%)		(3	)		4			NM
Total core revenues		1,330			1,335			1,329			1,305			1,242			(7	%)		(5	%)		5,174			5,211			1	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(108	)		(71	)		6			(209	)		(302	)		(180	%)		(44	%)		(342	)		(576	)		(68	%)
Total revenues		1,222			1,264			1,335			1,096			940			(23	%)		(14	%)		4,832			4,635			(4	%)
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [1][2]		482			508			519			729			479			(1	%)		(34	%)		2,013			2,235			11	%
Amortization of deferred policy acquisition costs and present value of future profits [1]		107			124			197			459			110			3	%		(76	%)		478			890			86	%
Insurance operating costs and other expenses		395			397			395			360			370			(6	%)		3	%		1,521			1,522			—
Total benefits and expenses		984			1,029			1,111			1,548			959			(3	%)		(38	%)		4,012			4,647			16	%
CORE EARNINGS
Core earnings before income taxes		346			306			218			(243	)		283			(18	%)		NM			1,162			564			(51	%)
Income tax expense (benefit) [1][2][3]		86			70			(14	)		(126	)		55			(36	%)		NM			265			(15	)		NM
Core earnings		260			236			232			(117	)		228			(12	%)		NM			897			579			(35	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1][3][4]		40			(29	)		(54	)		(148	)		(116	)		NM			22	%		1			(347	)		NM
Income (loss) from discontinued operations		40			—			—			—			—			(100	%)		—			37			—			(100	%)
Net income	$	340		$	207		$	178		$	(265	)	$	112			(67	%)		NM		$	935		$	232			(75	%)

[1] The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED															YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2010			2011			2011			2011			2011			2010			2011
Earned Premiums	$	—		$	—		$	1		$	(3	)	$	1		$	(6	)	$	(1	)
Fee Income		—			(1	)		2			22			12			8			35
Benefits, losses and loss adjustment expense		(46	)		(28	)		(8	)		166			(61	)		(70	)		69
Amortization of deferred policy acquisition costs		(83	)		(46	)		26			288			(38	)		(237	)		230
Income tax expense (benefit)		44			25			(4	)		(153	)		39			108			(93	)
Core earnings (loss)		85			48			(11	)		(282	)		73			201			(172	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		13			2			(56	)		(15	)		(45	)		(12	)		(114	)
Net income (loss)	$	98		$	50		$	(67	)	$	(297	)	$	28		$	189		$	(286	)

[2] The three months ended June 30, 2011 includes a tax benefit of $52 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[3] The three months ended June 30, 2011 includes a benefit of $22 related to the release of a deferred tax valuation allowance.

[4] See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

FINANCIAL HIGHLIGHTS EXCLUDING IMPACTS OF DAC unlock

		00000			00000			00000			00000			00000			00000			00000			00000			00000			00000
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
CORE EARNINGS BY SEGMENT
Individual Annuity	$	96		$	99		$	144		$	83		$	86			(10	%)		4	%	$	373		$	412			10	%
Individual Life		44			45			52			46			40			(9	%)		(13	%)		185			183			(1	%)
Retirement Plans		11			17			20			12			9			(18	%)		(25	%)		44			58			32	%
Mutual Funds		24			27			27			24			20			(17	%)		(17	%)		94			98			4	%
Wealth Management core earnings, excluding DAC unlock		175			188			243			165			155			(11	%)		(6	%)		696			751			8	%
DAC unlock impacts on net income		98			50			(67	)		(297	)		28			(71	%)		NM			189			(286	)		NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		27			(31	)		2			(133	)		(71	)		NM			47	%		13			(233	)		NM
Income (loss) from discontinued operations		40			—			—			—			—			(100	%)		—			37			—			(100	%)
Wealth Management net income		340			207			178			(265	)		112			(67	%)		NM			935			232			(75	%)
DAC unlock IMPACT ON REVENUES
Individual Annuity		(2	)		(1	)		2			—			—			100	%		—			(8	)		1			NM
Individual Life		2			—			1			19			13			NM			(32	%)		10			33			NM
Total DAC unlock impact on core revenues		—			(1	)		3			19			13			NM			(32	%)		2			34			NM
DAC unlock impact on net realized gains (losses), before tax and DAC, excluded from core earnings		—			—			3			—			2			NM			NM			—			5			—
Total DAC unlock impact on revenues		—			(1	)		6			19			15			NM			(21	%)		2			39			NM
DAC unlock IMPACT ON CORE EARNINGS (LOSSES) BY SEGMENT
Individual Annuity		83			46			(5	)		(179	)		75			(10	%)		NM			152			(63	)		NM
Individual Life		(1	)		(2	)		(2	)		(65	)		(1	)		—			98	%		23			(70	)		NM
Retirement Plans		3			4			(4	)		(38	)		(1	)		NM			97	%		26			(39	)		NM
DAC unlock impact on core earnings (losses) [1]		85			48			(11	)		(282	)		73			(14	%)		NM			201			(172	)		NM
DAC unlock impact on net realized gains (losses), net of tax and DAC, excluded from core earnings [2] [3]		13			2			(56	)		(15	)		(45	)		NM			NM			(12	)		(114	)		NM
DAC unlock impact from discontinued operations		—			—			—			—			—			—			—			—			—			—
DAC unlock impact on net income (loss)	$	98		$	50		$	(67	)	$	(297	)	$	28			(71	%)		NM		$	189		$	(286	)		NM

[1] Included in the year ended December 31, 2010 are the impacts of assumption updates of $(15), $28 and $18 for Individual Annuity, Individual Life and Retirement Plans, respectively. Included in the year ended December 31, 2011 are the impacts of assumption updates of $(26), $(63) and $(36) for Individual Annuity, Individual Life and Retirement Plans, respectively.

[2] Included in the three months ended December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011 are income tax expense (benefits) of $19, $(1), $(29), $(6), and $(27), respectively. Included in the year ended December 31, 2010 and 2011 are income tax benefits of $(5) and $(63), respectively.

[3] Included in the year ended December 31, 2010 are the impacts of assumption updates of $35, $1 and $(5) for Individual Annuity, Individual Life and Retirement Plans, respectively. Included in the three months ended September 30, 2011 are the impacts of assumption updates of $(6) and $(1) for Individual Annuity and Retirement Plans, respectively.

25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)

		September 30,			September 30,			September 30,			September 30,			September 30,
													Total
	U.S.			Individual			Retirement			Mutual			Wealth
	Annuity			Life			Plans			Funds			Management
YEAR-TO-DATE
Balance, December 31, 2010	$	3,216		$	2,626		$	842		$	43		$	6,727
Adjustments to unrealized gains and losses on securities available - for - sale and other		240			99			(25	)		—			314
Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other		3,456			2,725			817			43			7,041
Capitalization		65			342			127			31			565
Amortization - Deferred Policy Acquisition Costs		(411	)		(117	)		(65	)		(47	)		(640	)
Amortization - Present Value of Future Profits		(4	)		(17	)		—			—			(21	)
Amortization - Realized Capital Gains / Losses		181			(10	)		(1	)		—			170
Effect of Currency Translation Adjustment		—			—			—			—			—
Balance, December 31, 2011		3,038			2,846			810			27			6,721
Adjustments to unrealized gains and losses on securities available - for - sale and other		(236	)		(288	)		(96	)		—			(620	)
Balance, December 31, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	2,802		$	2,558		$	714		$	27		$	6,101

26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

SUPPLEMENTAL DATA—ANNUITY DEATH AND LIVING BENEFITS

		September 30,			September 30,			September 30,			September 30,			September 30,
	As of			As of			As of			As of			As of
	December 31,			March 31,			June 30,			September 30,			December 31,
	2010			2011			2011			2011			2011
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,257.64			1,325.83			1,320.64			1,131.42			1,257.60
Total Account Value with Guaranteed Minimum Death Benefits (“GMDB”)	$	90,831		$	90,968		$	87,303		$	73,831		$	76,239
GMDB Gross net amount of risk		10,746			8,616			8,598			15,934			12,070
% of GMDB NAR reinsured		60	%		63	%		64	%		54	%		57	%
GMDB Retained net amount of risk		4,331			3,152			3,136			7,306			5,136
GMDB net GAAP liability [1]		367			348			347			441			380
Total Account Value with Guaranteed Minimum Withdrawal Benefits (“GMWB”)		44,803			44,616			42,501			35,566			36,604
GMWB Gross net amount of risk		1,296			744			745			3,025			1,888
% of GMWB NAR reinsured		17	%		20	%		21	%		16	%		16	%
GMWB Retained net amount of risk		1,080			595			592			2,533			1,587
GMWB Net GAAP Liability [2]		1,330			1,074			1,176			2,276			2,082

[1] For the three months ended December 31, 2010, there was a decrease to the GMDB/GMIB liability as a result of the unlock, for U.S. variable annuity business of $(51). For the three months ended March 31, 2011 the amount was $(25). For the three months ended June 30, 2011, the amount was $(10). For the three months ended September 30, 2011, the amount was $89. For the three months ended December 31, 2011, the amount was $(54).

[2] Policies with a guaranteed living benefit (a GMWB in the US) also have a guaranteed death benefit. The net amount at risk (“NAR”) for each benefit is shown, however these benefits are not additive. When a policy terminates due to death, any NAR related to GMWB is released. Similarly, when a policy goes into benefit status on a GMWB or, by contract, the GMDB NAR is reduced to $0.

27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL ANNUITY

INCOME STATEMENTS

		XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	361		$	358		$	352		$	322		$	303			(16	%)		(6	%)	$	1,419		$	1,335			(6	%)
Other fees [1]		19			19			25			21			13			(32	%)		(38	%)		83			78			(6	%)
Total fee income		380			377			377			343			316			(17	%)		(8	%)		1,502			1,413			(6	%)
Direct premiums		90			85			76			86			80			(11	%)		(7	%)		314			327			4	%
Reinsurance premiums [1]		(21	)		(20	)		(20	)		(20	)		(18	)		14	%		10	%		(91	)		(78	)		14	%
Net premiums		69			65			56			66			62			(10	%)		(6	%)		223			249			12	%
Total premiums and other considerations		449			442			433			409			378			(16	%)		(8	%)		1,725			1,662			(4	%)
Net investment income
Net investment income on G/A assets		172			178			179			168			153			(11	%)		(9	%)		751			678			(10	%)
Other net investment income		23			19			17			23			31			35	%		35	%		63			90			43	%
Total net investment income		195			197			196			191			184			(6	%)		(4	%)		814			768			(6	%)
Net realized capital gains - core		4			2			—			3			—			(100	%)		(100	%)		5			5			—
Total core revenues		648			641			629			603			562			(13	%)		(7	%)		2,544			2,435			(4	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(79	)		(32	)		(13	)		(238	)		(315	)		NM			(32	%)		(353	)		(598	)		(69	%)
Total revenues		569			609			616			365			247			(57	%)		(32	%)		2,191			1,837			(16	%)
Benefits and Expenses
Benefits and losses
Death benefits [1]		(14	)		—			15			119			(34	)		(143	%)		NM			46			100			117	%
Other contract benefits		43			41			39			44			43			—			(2	%)		151			167			11	%
Change in reserve		62			57			47			63			48			(23	%)		(24	%)		207			215			4	%
Sales inducements [1]		3			8			12			20			4			33	%		(80	%)		37			44			19	%
Interest credited on G/A assets		156			148			151			143			143			(8	%)		—			649			585			(10	%)
Total benefits and losses		250			254			264			389			204			(18	%)		(48	%)		1,090			1,111			2	%
Other insurance expenses
Commissions & wholesaling expenses		103			109			107			96			108			5	%		13	%		433			420			(3	%)
Operating expenses		53			44			45			43			46			(13	%)		7	%		188			178			(5	%)
Premium taxes and other expenses		—			2			2			2			(2	)		—			NM			17			4			(76	%)
Subtotal - expenses before deferral		156			155			154			141			152			(3	%)		8	%		638			602			(6	%)
Deferred policy acquisition costs		(18	)		(15	)		(16	)		(16	)		(18	)		—			(13	%)		(96	)		(65	)		32	%
Total other insurance expense		138			140			138			125			134			(3	%)		7	%		542			537			(1	%)
Amortization of deferred policy acquisition costs [1]		30			68			128			281			30			—			(89	%)		273			507			86	%
Total benefits and expenses		418			462			530			795			368			(12	%)		(54	%)		1,905			2,155			13	%
Core earnings (loss) before income taxes		230			179			99			(192	)		194			(16	%)		NM			639			280			(56	%)
Income tax expense (benefit) [1] [2]		51			34			(40	)		(96	)		33			(35	%)		NM			114			(69	)		NM
Core earnings (loss) [1]		179			145			139			(96	)		161			(10	%)		NM			525			349			(34	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3]		56			(6	)		(72	)		(152	)		(133	)		NM			13	%		2			(363	)		NM
Net income (loss) [1]	$	235		$	139		$	67		$	(248	)	$	28			(88	%)		NM		$	527		$	(14	)		NM
RETURN ON ASSETS (After-tax bps)
Core earnings		76.2			60.9			59.6			(45.2	)		81.1			6	%		NM			54.5			39.7			(27	%)
Net income (loss)		100.0			58.4			28.7			(116.9	)		14.1			(86	%)		NM			54.7			(1.6	)		NM

[1] The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTH ENDED															YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2010			2011			2011			2011			2011			2010			2011
Other Fees	$	(2	)	$	(1	)	$	1		$	3		$	(1	)	$	(2	)	$	2
Reinsurance Premiums		—			—			1			(3	)		1			(6	)		(1	)
Death Benefits		(41	)		(25	)		(10	)		88			(54	)		(67	)		(1	)
Sales Inducements		(5	)		(3	)		2			10			(2	)		(2	)		7
Amortization of deferred policy acquisition costs		(82	)		(43	)		16			178			(59	)		(172	)		92
Income tax expense (benefit)		43			24			(1	)		(97	)		40			81			(34	)
Core earnings (loss)		83			46			(5	)		(179	)		75			152			(63	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		13			1			(55	)		(9	)		(46	)		(9	)		(109	)
Net income (loss)		96			47			(60	)		(188	)		29			143			(172	)

[2] The three months ended June 30, 2011 include a tax benefit of $45 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[3] See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL ANNUITY

SUPPLEMENTAL DATA—ACCOUNT VALUE ROLL FORWARD

		September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011
VARIABLE ANNUITIES
Beginning balance	$	80,357		$	83,013		$	82,977		$	79,347		$	66,716
Deposits		286			250			227			192			216
Surrenders		(2,723	)		(2,963	)		(3,141	)		(2,445	)		(2,207	)
Death benefits/annuitizations/annuity payouts [1]		(398	)		(419	)		(392	)		(344	)		(346	)
Transfers		(3	)		(47	)		(44	)		(45	)		(44	)
Net Flows		(2,838	)		(3,179	)		(3,350	)		(2,642	)		(2,381	)
Change in market value/change in reserve/interest credited		5,498			3,142			(281	)		(9,989	)		4,425
Other [2]		(4	)		1			1			—			—
Ending balance	$	83,013		$	82,977		$	79,347		$	66,716		$	68,760
FIXED MARKET VALUE ADJUSTED (“MVA”) AND OTHER
Beginning balance	$	12,397		$	12,223		$	12,136		$	11,978		$	11,727
Deposits		19			13			20			36			42
Surrenders		(241	)		(173	)		(203	)		(301	)		(175	)
Death benefits/annuitizations/annuity payouts [1]		(150	)		(152	)		(167	)		(165	)		(163	)
Transfers		51			66			68			73			62
Net Flows		(321	)		(246	)		(282	)		(357	)		(234	)
Change in market value/change in reserve/interest credited		147			159			124			106			138
Ending balance	$	12,223		$	12,136		$	11,978		$	11,727		$	11,631
TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	92,754		$	95,236		$	95,113		$	91,325		$	78,443
Deposits		305			263			247			228			258
Surrenders		(2,964	)		(3,136	)		(3,344	)		(2,746	)		(2,382	)
Death benefits/annuitizations/annuity payouts [1]		(548	)		(571	)		(559	)		(509	)		(509	)
Transfers		48			19			24			28			18
Net Flows		(3,159	)		(3,425	)		(3,632	)		(2,999	)		(2,615	)
Change in market value/change in reserve/interest credited		5,645			3,301			(157	)		(9,883	)		4,563
Other [2]		(4	)		1			1			—			—
Ending balance	$	95,236		$	95,113		$	91,325		$	78,443		$	80,391

[1] Includes transfers from the accumulation phase to the annuitization phase.

[2] Includes a bonus on certain products, front end loads on A share products and annual maintenance fees.

29

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL LIFE

INCOME STATEMENTS

		xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx
																Year Over Year 3 Month Change			Sequential 3 Month Change			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,									DECEMBER 31,
	2010			2011			2011			2011			2011									2010			2011			Change
Revenues
Premiums and other considerations
Variable life fees	$	14		$	13		$	14		$	12		$	12			(14	%)		—		$	52		$	51			(2	%)
Cost of insurance charges		161			163			165			169			172			7	%		2	%		635			669			5	%
Other fees [1]		74			58			56			86			81			9	%		(6	%)		268			281			5	%
Total fee income		249			234			235			267			265			6	%		(1	%)		955			1,001			5	%
Direct premiums		37			35			38			38			38			3	%		—			140			149			6	%
Reinsurance premiums		(63	)		(59	)		(63	)		(63	)		(66	)		(5	%)		(5	%)		(236	)		(251	)		(6	%)
Net premiums		(26	)		(24	)		(25	)		(25	)		(28	)		(8	%)		(12	%)		(96	)		(102	)		(6	%)
Total premiums and other considerations		223			210			210			242			237			6	%		(2	%)		859			899			5	%
Net investment income
Net investment income on G/A assets		98			106			106			107			107			9	%		—			400			426			7	%
Other net investment income (loss)		3			5			9			8			8			167	%		—			—			30			—
Total net investment income		101			111			115			115			115			14	%		—			400			456			14	%
Net realized capital gains (losses) - core		(1	)		—			—			(1	)		1			NM			NM			(2	)		—			100	%
Total core revenues		323			321			325			356			353			9	%		(1	%)		1,257			1,355			8	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(22	)		(31	)		8			31			22			NM			(29	%)		23			30			30	%
Total revenues		301			290			333			387			375			25	%		(3	%)		1,280			1,385			8	%
Benefits and Expenses
Benefits and losses
Death benefits		87			105			102			108			108			24	%		—			362			423			17	%
Other contract benefits		5			6			8			8			7			40	%		(13	%)		25			29			16	%
Change in reserve [1]		2			6			6			77			11			NM			(86	%)		1			100			NM
Sales inducements		1			—			1			—			1			—			—			4			2			(50	%)
Interest credited on G/A assets		62			65			63			66			68			10	%		3	%		253			262			4	%
Total benefits and losses		157			182			180			259			195			24	%		(25	%)		645			816			27	%
Other insurance expenses
Commissions & wholesaling expenses		50			43			47			55			66			32	%		20	%		176			211			20	%
Operating expenses		71			59			63			66			70			(1	%)		6	%		252			258			2	%
Premium taxes and other expenses		15			12			14			12			18			20	%		50	%		48			56			17	%
Subtotal - expenses before deferral		136			114			124			133			154			13	%		16	%		476			525			10	%
Deferred policy acquisition costs		(84	)		(70	)		(77	)		(91	)		(104	)		(24	%)		(14	%)		(295	)		(342	)		(16	%)
Total other insurance expense		52			44			47			42			50			(4	%)		19	%		181			183			1	%
Amortization of deferred policy acquisition costs and present value of future profits [1]		52			34			33			92			54			4	%		(41	%)		135			213			58	%
Total benefits and expenses		261			260			260			393			299			15	%		(24	%)		961			1,212			26	%
Core earnings before income taxes		62			61			65			(37	)		54			(13	%)		NM			296			143			(52	%)
Income tax expense (benefit) [1] [2]		19			18			15			(18	)		15			(21	%)		NM			88			30			(66	%)
Core earnings (loss) [1]		43			43			50			(19	)		39			(9	%)		NM			208			113			(46	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(12	)		(18	)		4			10			24			NM			140	%		21			20			(5	%)
Net income (loss) [1]	$	31		$	25		$	54		$	(9	)	$	63			103	%		NM		$	229		$	133			(42	%)
Earnings Margin (After-tax)
Core earnings		13.3	%		13.4	%		15.4	%		(5.3	%)		11.0	%		(2.3	)		16.3			16.6	%		8.3	%		(8.3	)
Net income		10.3	%		8.6	%		16.2	%		(2.3	%)		16.8	%		6.5			19.1			17.9	%		9.6	%		(8.3	)

[1] The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTH ENDED															YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2010			2011			2011			2011			2011			2010			2011
Other Fees	$	2		$	—		$	1		$	19		$	13		$	10		$	33
Change in reserve		—			—			—			66			(4	)		(2	)		62
Amortization of deferred policy acquisition costs		3			3			4			53			19			(26	)		79
Income tax expense (benefit)		—			(1	)		(1	)		(35	)		(1	)		13			(38	)
Core earnings (loss)		(1	)		(2	)		(2	)		(65	)		(1	)		23			(70	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings (losses)		—			1			—			(1	)		1			5			1
Net income (loss)		(1	)		(1	)		(2	)		(66	)		—			28			(69	)

[2] The three months ended June 30, 2011 include a tax benefit of $3 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[3] See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL LIFE

SUPPLEMENTAL DATA

		00000		00000		00000		00000		00000		00000			00000			00000		00000		00000
											Year Over
	THREE MONTHS ENDED										Year			Sequential			YEAR ENDED
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2010		2011		2011		2011		2011		Change			Change			2010		2011		Change
SALES BY DISTRIBUTION
National Accounts	$	26	$	22	$	28	$	29	$	39		48	%		32	%	$	98	$	118		20	%
Independent		25		28		25		31		36		45	%		18	%		97		120		23	%
Other		3		4		3		2		2		(19	%)		10	%		12		11		(6	%)
Total sales by distribution	$	54	$	54	$	56	$	62	$	77		43	%		24	%	$	207	$	249		20	%
SALES BY PRODUCT
Variable Life	$	7	$	7	$	8	$	6	$	6		(14	%)		—		$	31	$	27		(13	%)
Universal life		43		43		43		52		67		56	%		29	%		159		205		29	%
Term/other life		4		4		5		4		4		—			—			17		17		—
Total sales by product	$	54	$	54	$	56	$	62	$	77		43	%		24	%	$	207	$	249		20	%
PREMIUMS & DEPOSITS
Variable life	$	148	$	127	$	130	$	134	$	126		(15	%)		(6	%)	$	557	$	517		(7	%)
Universal life/other life		329		288		318		378		419		27	%		11	%		1,143		1,403		23	%
Term/other		42		37		39		43		42		—			(2	%)		152		161		6	%
Total Premiums & Deposits	$	519	$	452	$	487	$	555	$	587		13	%		6	%	$	1,852	$	2,081		12	%
ACCOUNT VALUE
General account	$	6,690	$	6,808	$	6,954	$	7,126	$	7,337		10	%		3	%
Separate account		5,553		5,662		5,412		4,682		4,963		(11	%)		6	%
Total account value	$	12,243	$	12,470	$	12,366	$	11,808	$	12,300		—			4	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	6,115	$	6,235	$	5,993	$	5,259	$	5,535		(9	%)		5	%
Universal life/other life		6,128		6,235		6,373		6,549		6,765		10	%		3	%
Total account value by product	$	12,243	$	12,470	$	12,366	$	11,808	$	12,300		—			4	%
LIFE INSURANCE IN-FORCE
Variable life	$	74,044	$	72,946	$	71,977	$	70,926	$	69,716		(6	%)		(2	%)
Universal life		58,789		59,613		60,759		62,052		64,006		9	%		3	%
Term		75,797		77,138		78,714		80,249		81,494		8	%		2	%
Total life insurance in-force	$	208,630	$	209,697	$	211,450	$	213,227	$	215,216		3	%		1	%

31

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

INDIVIDUAL LIFE

SUPPLEMENTAL DATA—ACCOUNT VALUE ROLL FORWARD

		September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011
VARIABLE LIFE
Beginning balance	$	5,757		$	6,115		$	6,235		$	5,993		$	5,259
First year & single premiums		15			13			16			15			12
Renewal premiums		133			114			114			119			114
Premiums and deposits		148			127			130			134			126
Surrenders		(106	)		(98	)		(102	)		(91	)		(100	)
Death benefits		(14	)		(19	)		(17	)		(20	)		(15	)
Net Flows		28			10			11			23			11
Policy fees		(123	)		(108	)		(111	)		(120	)		(109	)
Change in market value/interest credited		453			218			(142	)		(637	)		374
Ending balance	$	6,115		$	6,235		$	5,993		$	5,259		$	5,535
UNIVERSAL LIFE [1]
Beginning balance	$	5,995		$	6,128		$	6,235		$	6,373		$	6,549
First year & single premiums		165			143			165			210			251
Renewal premiums		164			145			153			168			168
Premiums and deposits		329			288			318			378			419
Surrenders		(49	)		(43	)		(36	)		(44	)		(44	)
Death benefits		(30	)		(35	)		(29	)		(29	)		(26	)
Net Flows		250			210			253			305			349
Policy fees		(177	)		(160	)		(173	)		(193	)		(194	)
Change in market value/interest credited		60			57			58			64			61
Ending balance	$	6,128		$	6,235		$	6,373		$	6,549		$	6,765
INDIVIDUAL LIFE
Beginning balance	$	11,752		$	12,243		$	12,470		$	12,366		$	11,808
First year & single premiums		180			156			181			225			263
Renewal premiums		297			259			267			287			282
Premiums and deposits		477			415			448			512			545
Surrenders		(155	)		(141	)		(138	)		(135	)		(144	)
Death benefits		(44	)		(54	)		(46	)		(49	)		(41	)
Net Flows		278			220			264			328			360
Policy fees		(300	)		(268	)		(284	)		(313	)		(303	)
Change in market value/interest credited		513			275			(84	)		(573	)		435
Ending balance	$	12,243		$	12,470		$	12,366		$	11,808		$	12,300

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

32

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

RETIREMENT PLANS

INCOME STATEMENTS

		xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx			xxx
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	63		$	65		$	67		$	63		$	60			(5	%)		(5	%)	$	230		$	255			11	%
Mutual fund and other fees		29			29			32			29			28			(3	%)		(3	%)		122			118			(3	%)
Total fee income		92			94			99			92			88			(4	%)		(4	%)		352			373			6	%
Direct premiums		2			3			2			1			1			(50	%)		—			7			7			—
Total premiums and other considerations		94			97			101			93			89			(5	%)		(4	%)		359			380			6	%
Net investment income
Net investment income on G/A assets		94			96			96			97			94			—			(3	%)		356			383			8	%
Other net investment income		3			3			4			3			3			—			—			8			13			63	%
Total net investment income		97			99			100			100			97			—			(3	%)		364			396			9	%
Net realized losses - core		(1	)		(0	)		—			—			—			100	%		—			(6	)		—			100	%
Total core revenues		190			196			201			193			186			(2	%)		(4	%)		717			776			8	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(7	)		(9	)		11			(2	)		(10	)		(43	%)		NM			(12	)		(10	)		17	%
Total revenues		183			187			212			191			176			(4	%)		(8	%)		705			766			9	%
Benefits and Expenses
Benefits and losses
Death benefits [1]		—			1			(2	)		2			(1	)		—			NM			(0	)		0			—
Other contract benefits		15			16			15			15			13			(13	%)		(13	%)		60			59			(2	%)
Change in reserve		(5	)		(7	)		(5	)		(7	)		(5	)		—			29	%		(28	)		(24	)		14	%
Sales inducements [1]		—			—			1			1			1			—			—			(0	)		3			—
Interest credited on G/A assets		64			62			66			70			72			13	%		3	%		246			270			10	%
Total benefits and losses		74			72			75			81			80			8	%		(1	%)		278			308			11	%
Other insurance expenses
Commissions & wholesaling expenses		48			49			46			46			46			(4	%)		—			177			187			6	%
Operating expenses		72			70			68			68			66			(8	%)		(3	%)		278			272			(2	%)
Premium taxes and other expenses		6			7			6			5			4			(33	%)		(20	%)		22			22			—
Subtotal - expenses before deferral		126			126			120			119			116			(8	%)		(3	%)		477			481			1	%
Deferred policy acquisition costs		(36	)		(36	)		(30	)		(31	)		(30	)		17	%		3	%		(137	)		(127	)		7	%
Total other insurance expense		90			90			90			88			86			(4	%)		(2	%)		340			354			4	%
Amortization of deferred policy acquisition costs [1]		12			10			24			74			15			25	%		(80	%)		19			123			NM
Total benefits and expenses		176			172			189			243			181			3	%		(26	%)		637			785			23	%
Core earnings (loss) before income taxes		14			24			12			(50	)		5			(64	%)		NM			80			(9	)		NM
Income tax expense (benefit) [1] [2]		—			3			(4	)		(24	)		(3	)		—			88	%		10			(28	)		NM
Core earnings (loss) [2]		14			21			16			(26	)		8			(43	%)		NM			70			19			(73	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(5	)		(6	)		14			(6	)		(6	)		(20	%)		—			(23	)		(4	)		83	%
Net income (loss) [1]	$	9		$	15		$	30		$	(32	)	$	2			(78	%)		NM		$	47		$	15			(68	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		10.9			15.5			11.5			(19.7	)		6.3			(42	%)		NM			14.5			3.6			(75	%)
Net income (loss)		7.0			11.1			21.6			(24.3	)		1.6			(77	%)		NM			9.7			2.9			(70	%)

[1] The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTH ENDED															YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2010			2011			2011			2011			2011			2010			2011
Death Benefits	$	—		$	—		$	—		$	1		$	(1	)	$	—		$	—
Sales Inducements		—			—			—			1			—			(1	)		1
Amortization of deferred policy acquisition costs		(4	)		(6	)		6			57			2			(39	)		59
Income tax expense (benefit)		1			2			(2	)		(21	)		—			14			(21	)
Core earnings (loss)		3			4			(4	)		(38	)		(1	)		26			(39	)
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			—			(1	)		(5	)		—			(8	)		(6	)
Net income (loss)		3			4			(5	)		(43	)		(1	)		18			(45	)

[2] The three months ended June 30, 2011 include a tax benefit of $4 related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

[3] See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

33

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

RETIREMENT PLANS

SUPPLEMENTAL DATA—ASSETS UNDER MANAGEMENT

		xxxxxx		xxxxxx		xxxxxx		xxxxxx		xxxxxx		xxxxxx			xxxxxx
											Year Over
											Year			Sequential
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month
	2010		2011		2011		2011		2011		Change			Change
RETIREMENT PLANS TOTAL
General account	$	7,280	$	7,502	$	7,638	$	8,042	$	8,374		15	%		4	%
Guaranteed separate account		6		—		—		—		—		(100	%)		—
Non-guaranteed separate account		25,654		27,522		27,443		23,799		25,525		(1	%)		7	%
Total Retirement Plans account value	$	32,940	$	35,024	$	35,081	$	31,841	$	33,899		3	%		6	%
401(k)/403(b)/457 mutual funds		19,578		20,324		20,474		17,844		18,403		(6	%)		3	%
Total Retirement Plans Assets Under Management	$	52,518	$	55,348	$	55,555	$	49,685	$	52,302		—			5	%

34

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

RETIREMENT PLANS

SUPPLEMENTAL DATA—ACCOUNT VALUE AND ASSET ROLL FORWARD

		XXXX			XXXX			XXXX			XXXX			XXXX
	THREE MONTHS ENDED,
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011
401(k) GROUP ANNUITY
ACCOUNT VALUE
Beginning balance	$	18,764		$	20,291		$	21,891		$	21,963		$	19,769
Deposits		1,211			1,807			1,194			1,425			1,239
Surrenders		(874	)		(921	)		(1,049	)		(911	)		(1,150	)
Death benefits/annuity payouts		(18	)		(18	)		(20	)		(19	)		(17	)
Transfers [1]		—			(26	)		1			11			47
Net Flows		319			842			126			506			119
Change in market value/change in reserve/interest credited		1,209			758			(54	)		(2,700	)		1,236
Other		(1	)		—			—			—			—
Ending balance	$	20,291		$	21,891		$	21,963		$	19,769		$	21,124
403(b)/457 GROUP ANNUITY
ACCOUNT VALUE
Beginning balance	$	11,874		$	12,649		$	13,133		$	13,118		$	12,072
Deposits		369			359			326			330			336
Surrenders		(239	)		(255	)		(347	)		(259	)		(216	)
Death benefits/annuity payouts		(12	)		(12	)		(12	)		(12	)		(11	)
Transfers [1]		—			(0	)		0			3			2
Net Flows		118			92			(33	)		62			111
Change in market value/change in reserve/interest credited		658			392			18			(1,108	)		592
Other		(1	)		—			—			—			—
Ending balance	$	12,649		$	13,133		$	13,118		$	12,072		$	12,775
401(k)/403(b)/457 MUTUAL FUNDS ASSETS
Beginning balance	$	18,602		$	19,578		$	20,324		$	20,474		$	17,844
Reclassificiation of AUA to AUM [2]		—			—			267			—			—
Deposits		491			697			549			715			459
Surrenders		(825	)		(995	)		(814	)		(511	)		(1,127	)
Death benefits/annuity payouts		—			—			(2	)		2			1
Transfers [1]		—			26			(1	)		(14	)		(49	)
Net Flows		(334	)		(272	)		(268	)		192			(716	)
Change in market value/change in reserve/interest credited		1,308			1,018			151			(2,822	)		1,275
Other		2			—			—			—			—
Ending balance	$	19,578		$	20,324		$	20,474		$	17,844		$	18,403
TOTAL RETIREMENT
Beginning balance	$	49,240		$	52,518		$	55,348		$	55,555		$	49,685
Reclassificiation of AUA to AUM [2]		—			—			267			—			—
Deposits		2,071			2,863			2,069			2,470			2,034
Surrenders		(1,938	)		(2,171	)		(2,210	)		(1,681	)		(2,493	)
Death benefits/annuity payouts		(30	)		(30	)		(34	)		(29	)		(27	)
Net Flows		103			662			(175	)		760			(486	)
Change in market value/change in reserve/interest credited		3,175			2,168			115			(6,630	)		3,103
Ending balance	$	52,518		$	55,348		$	55,555		$	49,685		$	52,302

[1] Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefit remaining on deposit.

[2] Specific plans were identified that required reclassification from AUA to AUM.

35

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

MUTUAL FUNDS

INCOME STATEMENTS

		XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX			XXXXXX
	THREE MONTHS ENDED															Year Over Year 3 Month Change			Sequential 3 Month Change			YEAR ENDED DECEMBER 31,
	Dec.  31, 2010			March  31, 2011			June  30, 2011			Sept.  30, 2011			Dec.  31, 2011
																						2010			2011			Change
Revenues
Fee income	$	171		$	178		$	175		$	153		$	143			(16	%)		(7	%)	$	664		$	649			(2	%)
Net investment income		(2	)		(1	)		(1	)		—			(1	)		50	%		—			(8	)		(3	)		63	%
Total core revenues		169			177			174			153			141			(17	%)		(8	%)		656			645			(2	%)
Net realized gains, before tax and DAC, excluded from core revenues		—			1			—			—			1			—			—			—			2			—
Total revenues		169			178			174			153			142			(16	%)		(7	%)		656			647			(1	%)
Benefits and Expenses
Benefits and claims		1			—			—			—			—			(100	%)		—			—			—			—
Other insurance expenses
Commissions & wholesaling expenses		95			101			94			75			71			(25	%)		(5	%)		356			341			(4	%)
Operating expenses		31			29			31			31			30			(3	%)		(3	%)		118			121			3	%
Premium taxes and other expenses		(1	)		4			4			5			4			NM			(20	%)		21			17			(19	%)
Subtotal - expenses before deferral		125			134			129			111			105			(16	%)		(5	%)		495			479			(3	%)
Deferred policy acquisition costs		(10	)		(11	)		(9	)		(6	)		(5	)		50	%		17	%		(37	)		(31	)		16	%
Total other insurance expense		115			123			120			105			100			(13	%)		(5	%)		458			448			(2	%)
Amortization of deferred policy acquisition costs		13			12			12			12			11			(15	%)		(8	%)		51			47			(8	%)
Total benefits and expenses		129			135			132			117			111			(14	%)		(5	%)		509			495			(3	%)
Core earnings before income taxes		40			42			42			36			30			(25	%)		(17	%)		147			150			2	%
Income tax expense		16			15			15			12			10			(38	%)		(17	%)		53			52			(2	%)
Core earnings		24			27			27			24			20			(17	%)		(17	%)		94			98			4	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [1]		1			1			—			—			(1	)		NM			—			1			—			(100	%)
Income (Loss) from discontinued operations [2]		40			—			—			—			—			(100	%)		—			37			—			(100	%)
Net income	$	65		$	28		$	27		$	24		$	19			(71	%)		(21	%)	$	132		$	98			(26	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		9.9			10.6			10.6			10.5			9.5			(4	%)		(10	%)		9.8			10.5			7	%
Net income		26.6			11.0			10.6			10.5			9.0			(66	%)		(14	%)		13.7			10.5			(23	%)

[1] See pages 11 and 12 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

[2] Included in the three months ended December 31, 2010 is a gain of $41, after-tax, from the sale of the Canadian mutual funds business.

36

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

MUTUAL FUNDS

SUPPLEMENTAL DATA [1]

		xxxx		xxxx		xxxx		xxxx		xxxx		xxxx			xxxx			xxxx		xxxx		xxxx
											Year Over
	THREE MONTHS ENDED										Year			Sequential			YEAR ENDED
	Dec. 31,		March 31,		June 30,		Sept. 30,		Dec. 31,		3 Month			3 Month			DECEMBER 31,
	2010		2011		2011		2011		2011		Change			Change			2010		2011		Change
NON-PROPRIETARY MUTUAL FUNDS DEPOSITS
Retail Mutual Funds	$	3,355	$	3,934	$	3,131	$	2,051	$	1,760		(48	%)		(14	%)	$	12,732	$	10,876		(15	%)
Investment Only Mutual Funds		604		807		676		2,228		493		(18	%)		(78	%)		2,506		4,204		68	%
529 College Savings Plan		71		80		65		59		65		(8	%)		10	%		213		269		26	%
Total Non-Proprietary Mutual Funds Deposits	$	4,030	$	4,821	$	3,872	$	4,338	$	2,318		(42	%)		(47	%)	$	15,451	$	15,349		(1	%)
ASSETS UNDER MANAGEMENT
Retail mutual fund assets	$	48,753	$	51,064	$	49,584	$	39,258	$	40,228		(17	%)		2	%
Investment Only mutual fund assets		6,659		7,298		6,954		6,625		6,983		5	%		5	%
Proprietary mutual fund assets [2]		43,602		44,044		42,204		35,494		36,770		(16	%)		4	%
529 College Savings Plan assets		1,472		1,583		1,612		1,424		1,557		6	%		9	%
Total Mutual Fund Assets	$	100,486	$	103,989	$	100,354	$	82,801	$	85,538		(15	%)		3	%

[1] Supplemental data related to the Canadian business was removed from this schedule for all periods presented herein as a result of the sale of this business which occurred in the three months ended, December 31, 2010. Approximately $1.8 billion of AUM were transferred out to a third party as a result of the sale.

[2] Includes Company sponsored mutual fund assets that are held in separate accounts supporting variable insurance and investment products.

37

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEALTH MANAGEMENT

MUTUAL FUNDS

SUPPLEMENTAL DATA —ASSET ROLL FORWARD

		September 30,			September 30,			September 30,			September 30,			September 30,
	THREE MONTHS ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,
	2010			2011			2011			2011			2011
NON-PROPRIETARY MUTUAL FUNDS
Beginning balance	$	51,686		$	56,884		$	59,945		$	58,150		$	47,307
Deposits		4,030			4,821			3,872			4,338			2,318
Redemptions		(3,471	)		(3,827	)		(5,054	)		(6,734	)		(4,112	)
Net Flows		559			994			(1,182	)		(2,396	)		(1,794	)
Change in market value		4,749			2,095			(635	)		(8,430	)		3,271
Other [1]		(110	)		(28	)		22			(17	)		(16	)
Ending balance	$	56,884		$	59,945		$	58,150		$	47,307		$	48,768
PROPRIETARY MUTUAL FUNDS [2]
Beginning balance	$	41,778		$	43,602		$	44,044		$	42,204		$	35,494
Net Flows		(1,571	)		(1,507	)		(1,604	)		(1,244	)		(1,442	)
Change in market value		3,395			1,949			(236	)		(5,466	)		2,718
Ending balance	$	43,602		$	44,044		$	42,204		$	35,494		$	36,770

[1] Includes front end loads on A share products.

[2] Includes Company sponsored mutual fund assets that are held in separate accounts supporting variable insurance and investment products.

38

RUNOFF OPERATIONS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RUNOFF OPERATIONS

FINANCIAL HIGHLIGHTS

		xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
CORE EARNINGS BY SEGMENT
International Annuity	$	34		$	72		$	63		$	126		$	41			21	%		(67	%)	$	180		$	302			68	%
Institutional Annuity		25			11			7			(9	)		(9	)		NM			—			(5	)		—			100	%
Private Placement Life Insurance		7			10			10			11			10			43	%		(9	%)		35			41			17	%
Life Other Operations core earnings		66			93			80			128			42			(36	%)		(67	%)		210			343			63	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1]		(27	)		(172	)		93			175			(81	)		NM			NM			(294	)		15			NM
Income (loss) from discontinued operations		(4	)		—			—			—			—			100	%		—			(6	)		—			100	%
Life Other Operations net income (loss)	$	35		$	(79	)	$	173		$	303		$	(39	)		NM			NM		$	(90	)	$	358			NM
Property & Casualty Other Operations core earnings [2]		13			23			(167	)		9			16			23	%		78	%		(69	)		(119	)		(72	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1]		1			(2	)		3			(1	)		2			100	%		NM			16			2			(88	%)
Property & Casualty Other Operations net income (loss)	$	14		$	21		$	(164	)	$	8		$	18			29	%		125	%	$	(53	)	$	(117	)		(121	%)
Runoff operations core earnings (loss)		79			116			(87	)		137			58			(27	%)		(58	%)		141			224			59	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [1]		(26	)		(174	)		96			174			(79	)		NM			NM			(278	)		17			NM
Income (loss) from discontinued operations		(4	)		—			—			—			—			100	%		—			(6	)		—			100	%
Runoff operations net income (loss)	$	49		$	(58	)	$	9		$	311		$	(21	)		NM			NM		$	(143	)	$	241			NM
LIFE OTHER OPERATIONS SUPPLEMENTAL DATA
Return on Assets (After-tax bps)
Core earnings		28.6			40.4			34.8			56.1			18.6			(34	%)		(66	%)		22.4			37.5			73	%
Net income (loss)		15.2			(34.3	)		75.2			132.7			(17.3	)		NM			NM			(9.6	)		39.2			NM
DAC unlock impact on core earnings by segment
International Annuity	$	(35	)	$	13		$	(10	)	$	59		$	(27	)		23	%		NM		$	(70	)	$	35			NM
Institutional Annuity		(1	)		—			—			(4	)		1			NM			NM			(2	)		(3	)		(50	%)
Life Other Operations	$	(36	)	$	13		$	(10	)	$	55		$	(26	)		28	%		NM		$	(72	)	$	32			NM
Other supplemental data
International Annuity Net Income	$	60		$	(107	)	$	103		$	350		$	(49	)		NM			NM		$	(17	)	$	297			NM

[1] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

[2] The year ended December 31, 2010 included net asbestos reserve strengthening and net environmental reserve strengthening of $169 and $62, respectively. The three months ended June 30, 2011 included net asbestos reserve strengthening of $290. The three months ended September 30, 2011 included net environmental reserve strengthening of $19.

39

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RUNOFF OPERATIONS

LIFE OTHER OPERATIONS

SUPPLEMENTAL DATA—ACCOUNT VALUE DATA

		xxx			xxx			xxx			xxx			xxx			xxx			xxx
	THREE MONTHS ENDED															Year Over
																Year			Sequential
	Dec. 31,			March 31,			June 30,			Sept. 30,			Dec. 31,			3 Month			3 Month
	2010			2011			2011			2011			2011			Change			Change
ACCOUNT VALUE BY SEGMENT
Variable Annuity	$	33,507		$	33,027		$	32,981		$	31,438		$	31,162			(7	%)		(1	%)
Fixed and other annuity		4,596			4,463			4,824			5,013			4,786			4	%		(5	%)
Total International Annuity account value	$	38,103		$	37,490		$	37,805		$	36,451		$	35,948			(6	%)		(1	%)
Institutional Annuity account value [1]	$	19,674		$	19,326		$	19,230		$	19,477		$	19,330			(2	%)		(1	%)
Private Placement Life Insurance account value	$	36,042		$	36,424		$	36,700		$	35,989		$	36,335			1	%		1	%
INTERNATIONAL ANNUITY ACCOUNT VALUE ROLL FORWARD
VARIABLE ANNUITIES
Beginning balance	$	33,177		$	33,507		$	33,027		$	32,981		$	31,438
Deposits/Premiums/other		1			1			1			—			—
Surrenders		(363	)		(285	)		(291	)		(296	)		(291	)
Death benefits/annuitizations/other [2]		(159	)		(192	)		(166	)		(165	)		(164	)
Net Flows		(521	)		(476	)		(456	)		(461	)		(455	)
Change in market value/currency/change in reserve/interest credited		(57	)		610			(404	)		(2,477	)		141
Effect of currency translation		908			(614	)		814			1,395			38
Ending balance	$	33,507		$	33,027		$	32,981		$	31,438		$	31,162
FIXED MVA AND OTHER [3]
Beginning balance	$	4,703		$	4,596		$	4,463		$	4,824		$	5,013
Surrenders		(58	)		(43	)		(31	)		(44	)		(59	)
Death benefits/annuitizations/other [2]		(209	)		(23	)		246			(16	)		(204	)
Net Flows		(267	)		(66	)		215			(60	)		(263	)
Change in market value/currency/change in reserve/interest credited		23			31			22			19			28
Effect of currency translation		137			(98	)		124			230			8
Ending balance	$	4,596		$	4,463		$	4,824		$	5,013		$	4,786
TOTAL INTERNATIONAL ANNUITY
Beginning balance	$	37,880		$	38,103		$	37,490		$	37,805		$	36,451
Deposits/Premiums/other		1			1			1			—			—
Surrenders		(421	)		(328	)		(322	)		(340	)		(350	)
Death benefits/annuitizations/other [2]		(368	)		(215	)		80			(181	)		(368	)
Net Flows		(788	)		(542	)		(241	)		(521	)		(718	)
Change in market value/change in reserve/interest credited		(34	)		641			(382	)		(2,458	)		169
Effect of currency translation		1,045			(712	)		938			1,625			46
Ending balance	$	38,103		$	37,490		$	37,805		$	36,451		$	35,948

[1] Included in the balance is approximately $1.4 billion for the three months ended December 31, 2010 and March 31, 2011, approximately $1.5 billion for the three months ended June 30, 2011 and September 30, 2011 and approximately $1.3 billion for the three months ended December 31, 2011 related to an intrasegment funding agreement which is eliminated in consolidation.

[2] Included in the three months ended December 31, 2011 are current period payments of $201 and interest credited of $14.6 related to 3 Win “GMIB” policies that triggered in fourth quarter 2008 and first quarter 2009 for option (2), which are included in the fixed MVA and other—death benefits/annuitizations/other and change in market value/change in reserve/interest credited. The 3 Win guaranteed minimum benefit “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.

[3] Of the total ending fixed MVA and other balance as of December 31, 2011 of $4.8 billion, approximately $2.6billion 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.

40

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RUNOFF OPERATIONS

LIFE OTHER OPERATIONS

DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)

		September 30,			September 30,			September 30,			September 30,
										Life
	International			Institutional						Other
	Annuity			Annuity			PPLI			Operations
YEAR-TO-DATE
Balance, December 31, 2010	$	1,680		$	85		$	34		$	1,799
Adjustments to unrealized gains and losses on securities available - for - sale and other		(63	)		1			—			(62	)
Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other		1,617			86			34			1,737
Capitalization		—			—			1			1
Amortization - Deferred Policy Acquisition Costs		(226	)		(8	)		(2	)		(236	)
Amortization - Present Value of Future Profits		—			—			—			—
Amortization - Realized Capital Gains / Losses		(143	)		—			—			(143	)
Amortization - Unlock - Core		316			(4	)		—			312
Amortization - Unlock - Non-core		(425	)		—			—			(425	)
Effect of Currency Translation Adjustment		83			—			—			83
Balance, December 31, 2011		1,222			74			33			1,329
Adjustments to unrealized gains and losses on securities available - for - sale and other		(7	)		(1	)		—			(8	)
Balance, December 31, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	1,215		$	73		$	33		$	1,321

41

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE OTHER OPERATIONS

SUPPLEMENTAL DATA—ANNUITY DEATH AND INCOME BENEFITS

		September 30,			September 30,			September 30,			September 30,			September 30,
	As of			As of			As of			As of			As of
	December 31,			March 31,			June 30,			September 30,			December 31,
	2010			2011			2011			2011			2011
JAPAN VARIABLE ANNUITY BUSINESS
Yen / $		81.1			82.9			80.8			77.1			76.9
Total Account Value with GMDB	$	31,249		$	30,778		$	30,785		$	29,522		$	29,234
GMDB Gross net amount of risk		8,847			7,962			8,469			11,035			10,857
% of GMDB NAR reinsured		14	%		15	%		15	%		13	%		13	%
GMDB Retained net amount of risk		7,593			6,750			7,233			9,583			9,413
Total Account Value with Guaranteed Minimum Income Benefits (“GMIB”)		26,731			28,655			28,835			27,471			27,282
GMIB Retained net amount of risk [2]		5,846			5,410			5,777			7,662			7,502
GMDB/GMIB net GAAP liability [1]		652			607			635			907			930

[1] For the three months ended December 31, 2010, there was a decrease to the GMDB/GMIB liability as a result of the unlock, for the Japan variable annuity business $(46). For the three months ended March 31, 2011 the amount was $(21). For the three months ended June 30, 2011, the amount was $17. For the three months ended September 30, 2011, the amount was $249. For the three months ended December 31, 2011 the amount was $33.

[2] Policies with a guaranteed living benefit (a GMIB in Japan) also have a guaranteed death benefit. The net amount at risk (“NAR”) for each benefit is shown, however these benefits are not additive. When a policy terminates due to death, any NAR related to GMIB is released. Similarly, when a policy goes into benefit status on a GMIB, its GMDB NAR is released.

42

CORPORATE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CORPORATE

INCOME STATEMENTS

		xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx
																Year Over
	THREE MONTHS ENDED															Year			Sequential			YEAR ENDED
	Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			3 Month			3 Month			DECEMBER 31,
	2010			2011			2011			2011			2011			Change			Change			2010			2011			Change
Earned premiums	$	3		$	(1	)	$	1		$	—		$	—			(100	%)		—		$	2		$	—			(100	%)
Fee income		44			53			53			55			48			9	%		(13	%)		187			209			12	%
Net investment income		14			16			13			1			(7	)		NM			NM			81			23			(72	%)
Net realized capital gains (losses)		38			(11	)		6			(51	)		(40	)		NM			22	%		66			(96	)		NM
Other revenues		(1	)		—			—			—			—			100	%		—			(1	)		—			100	%
Total revenues		98			57			73			5			1			(99	%)		(80	%)		335			136			(59	%)
Benefits, losses and loss adjustment expenses		(2	)		1			1			(6	)		1			NM			NM			(2	)		(3	)		(50	%)
Insurance operating costs and other expenses [1]		74			60			65			57			20			(73	%)		(65	%)		325			202			(38	%)
Interest expense		128			128			128			128			124			(3	%)		(3	%)		508			508			—
Total benefits and expenses		200			189			194			179			145			(27	%)		(19	%)		831			707			(15	%)
Loss from continuing operations before income taxes		(102	)		(132	)		(121	)		(174	)		(144	)		(41	%)		17	%		(496	)		(571	)		(15	%)
Income tax benefit [2] [3]		(51	)		(44	)		(47	)		(62	)		(48	)		6	%		23	%		(168	)		(201	)		(20	%)
Loss from continuing operations		(51	)		(88	)		(74	)		(112	)		(96	)		(88	%)		14	%		(328	)		(370	)		(13	%)
Add: Income (loss) from discontinued operations [4]		(2	)		2			(77	)		5			6			NM			20	%		(107	)		(64	)		40	%
Net Loss		(53	)		(86	)		(151	)		(107	)		(90	)		(70	%)		16	%		(435	)		(434	)		—
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core losses [5]		18			(9	)		9			(29	)		(26	)		NM			10	%		32			(55	)		NM
Less: Income (loss) from discontinued operations [4]		(2	)		2			(77	)		5			6			NM			20	%		(107	)		(64	)		40	%
Core losses	$	(69	)	$	(79	)	$	(83	)	$	(83	)	$	(70	)		(1	%)		16	%	$	(360	)	$	(315	)		12	%

[1] Includes a before-tax charge of $73 for a litigation settlement in the year ended December 31, 2010.

[2] The year ended December 31, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree health care costs beginning in 2013.

[3] The three months ended December 31, 2010 includes an income tax benefit of $18 related to tax adjustments for prior years.

[4] The year ended December 31, 2010 includes a goodwill impairment of $101, after-tax, related to the purchase of the Federal Trust Corporation. Additionally, the three months ended June 30, 2011 includes an after-tax charge of $74 related to the disposition of Federal Trust Corporation.

[5] See pages 11 and 12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

43

CONSOLIDATED

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX

		xxxx			xxxx			xxxx				xxxx			xxxx			xxxx			xxxx			xxxx			xxxx			xxxx
																	Year Over
	Three Months Ended																Year			Sequential			Year Ended
	Dec. 31,			Mar. 31,			Jun. 30,				Sept. 30,			Dec. 31,			3 Month			3 Month			December 31,
	2010			2011			2011				2011			2011			Change			Change			2010			2011			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	736		$	719		$	744			$	711		$	723			(2	%)		2	%	$	2,972		$	2,897			(3	%)
Tax-exempt		125			127			126				125			121			(3	%)		(3	%)		517			499			(3	%)
Total fixed maturities		861			846			870				836			844			(2	%)		1	%		3,489			3,396			(3	%)
Equity securities, trading		131			803			(597	)			(1,890	)		325			148	%		NM			(774	)		(1,359	)		(76	%)
Equity securities, available-for-sale		14			11			8				8			9			(36	%)		13	%		53			36			(32	%)
Mortgage loans		67			63			67				75			76			13	%		1	%		260			281			8	%
Policy loans		31			33			34				32			32			3	%		—			132			131			(1	%)
Limited partnerships and other alternative investments [2]		75			100			78				67			(2	)		NM			NM			216			243			13	%
Other [3]		78			81			77				73			70			(10	%)		(4	%)		329			301			(9	%)
Subtotal		1,257			1,937			537				(799	)		1,354			8	%		NM			3,705			3,029			(18	%)
Less: Investment expense		37			26			30		��		29			31			(16	%)		7	%		115			116			1	%
Total net investment income	$	1,220		$	1,911		$	507			$	(828	)	$	1,323			8	%		NM		$	3,590		$	2,913			(19	%)
Less: Equity securities, trading		131			803			(597	)			(1,890	)		325			148	%		NM			(774	)		(1,359	)		(76	%)
Total net investment income excluding trading securities	$	1,089		$	1,108		$	1,104			$	1,062		$	998			(8	%)		(6	%)	$	4,364		$	4,272			(2	%)
Annualized investment yield, before-tax [4]		4.5	%		4.6	%		4.6	%			4.3	%		4.0	%		(0.5	)		(0.3	)		4.5	%		4.4	%		(0.1	)
Annualized investment yield, after-tax [4]		3.1	%		3.2	%		3.1	%			2.9	%		2.8	%		(0.3	)		(0.1	)		3.1	%		3.0	%		(0.1	)
Net Realized Capital Gains (Losses)
Gross gains on sales	$	182		$	61		$	261			$	197		$	174			(4	%)		(12	%)	$	836		$	693			(17	%)
Gross losses on sales		(229	)		(133	)		(98	)			(63	)		(90	)		61	%		(43	%)		(522	)		(384	)		26	%
Net impairment losses		(59	)		(55	)		(23	)			(60	)		(36	)		39	%		40	%		(434	)		(174	)		60	%
Valuation allowances on mortgage loans		2			(3	)		26				—			1			(50	%)		—			(154	)		24			NM
Japanese fixed annuity contract hedges, net [5]		5			(17	)		6				9			5			—			(44	%)		27			3			(89	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(2	)		(7	)		(2	)			1			(2	)		—			NM			(17	)		(10	)		41	%
Results of variable annuity hedge program
U.S. GMWB derivatives, net		208			56			(33	)			(323	)		(97	)		NM			70	%		89			(397	)		NM
U.S. macro hedge		(303	)		(84	)		(17	)			106			(221	)		27	%		NM			(445	)		(216	)		51	%
Total U.S. program		(95	)		(28	)		(50	)			(217	)		(318	)		NM			(47	%)		(356	)		(613	)		(72	%)
International program		27			(319	)		52				1,132			(90	)		NM			NM			11			775			NM
Total results of variable annuity hedge program		(68	)		(347	)		2				915			(408	)		NM			NM			(345	)		162			NM
Other net gain (loss) [7]		80			98			(103	)			(424	)		(30	)		NM			93	%		(2	)		(459	)		NM
Total net realized capital gains (losses)	$	(89	)	$	(403	)	$	69			$	575		$	(386	)		NM			NM		$	(611	)	$	(145	)		76	%

[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.

[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, and consolidated variable interest entity non-controlling interests.

[5] Relates to the Japanese fixed annuity product (adjustment of product liability for changes in spot currency exchange rates, related derivative hedging instruments, excluding periodic net coupon settlements, and Japan fair value option securities).

[6] Included in core earnings.

[7] Primarily consists of gains and losses on non-qualifying derivatives and fixed maturities, FVO, Japan 3Win related foreign currency swaps, and other investment gains and losses.

44

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

		0000		0000			0000		0000			0000		0000			0000		0000			0000		0000
	December 31,					March 31,					June 30,					September 30,					December 31,
	2010					2011					2011					2011					2011
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	77,820		59.4	%	$	78,268		60.3	%	$	78,132		59.3	%	$	80,263		59.0	%	$	81,809		60.6	%
Fixed maturities, at fair value using fair value option		649		0.5	%		1,230		0.9	%		1,227		0.9	%		1,323		1.0	%		1,328		1.0	%
Equity securities, trading, at fair value [2]		32,820		25.1	%		32,339		24.9	%		32,278		24.4	%		30,770		22.6	%		30,499		22.6	%
Equity securities, available-for-sale, at fair value [3]		973		0.7	%		993		0.8	%		1,081		0.8	%		989		0.7	%		921		0.7	%
Mortgage loans [4]		4,489		3.4	%		4,736		3.7	%		5,304		4.0	%		5,590		4.1	%		5,728		4.2	%
Policy loans, at outstanding balance		2,181		1.7	%		2,181		1.7	%		2,188		1.7	%		2,176		1.6	%		2,001		1.5	%
Limited partnerships and other alternative investments [5]		1,918		1.5	%		1,972		1.5	%		2,028		1.5	%		2,506		1.8	%		2,532		1.9	%
Other investments [6]		1,617		1.2	%		640		0.5	%		973		0.7	%		2,857		2.1	%		2,394		1.8	%
Short-term investments [7]		8,528		6.5	%		7,330		5.7	%		8,861		6.7	%		9,704		7.1	%		7,736		5.7	%
Total investments	$	130,995		100.0	%	$	129,689		100.0	%	$	132,072		100.0	%	$	136,178		100.0	%	$	134,948		100.0	%
Less: Equity securities, trading		32,820		25.1	%		32,339		24.9	%		32,278		24.4	%		30,770		22.6	%		30,499		22.6	%
Total investments excluding trading securities	$	98,175		74.9	%	$	97,350		75.1	%	$	99,794		75.6	%	$	105,408		77.4	%	$	104,449		77.4	%
Asset-backed securities (“ABS”)	$	2,889		3.7	%	$	3,150		4.0	%	$	3,297		4.2	%	$	3,504		4.4	%	$	3,153		3.9	%
Collateralized debt obligations (“CDOs”)		2,611		3.4	%		2,674		3.4	%		2,575		3.3	%		2,465		3.1	%		2,487		3.0	%
Commercial mortgage-backed securities (“CMBS”)		7,917		10.2	%		7,709		9.8	%		7,277		9.3	%		6,960		8.7	%		6,951		8.5	%
Corporate		39,884		51.2	%		40,913		52.3	%		41,629		53.2	%		43,316		53.9	%		44,011		53.9	%
Foreign government/government agencies		1,683		2.2	%		1,802		2.3	%		1,864		2.4	%		1,944		2.4	%		2,161		2.6	%
Municipal—taxable		1,199		1.5	%		1,237		1.6	%		1,299		1.7	%		1,649		2.1	%		1,757		2.1	%
Municipal—tax-exempt		10,925		14.0	%		11,090		14.2	%		11,482		14.7	%		11,515		14.3	%		11,503		14.1	%
Residential mortgage-backed securities (“RMBS”)		5,683		7.3	%		5,014		6.4	%		5,214		6.7	%		5,336		6.6	%		5,757		7.0	%
U.S. Treasuries		5,029		6.5	%		4,679		6.0	%		3,495		4.5	%		3,574		4.5	%		4,029		4.9	%
Total fixed maturities, AFS [8]	$	77,820		100.0	%	$	78,268		100.0	%	$	78,132		100.0	%	$	80,263		100.0	%	$	81,809		100.0	%
U.S. government/government agencies	$	9,918		12.7	%	$	8,947		11.5	%	$	8,073		10.3	%	$	8,423		10.5	%	$	9,364		11.4	%
AAA		10,174		13.1	%		10,155		13.0	%		9,409		12.0	%		10,497		13.1	%		10,113		12.4	%
AA		15,554		20.0	%		15,518		19.8	%		15,900		20.4	%		15,921		19.8	%		15,844		19.4	%
A		19,460		25.0	%		19,723		25.2	%		20,470		26.2	%		21,584		26.9	%		21,053		25.7	%
BBB		19,153		24.6	%		20,212		25.8	%		20,568		26.3	%		20,626		25.7	%		21,760		26.6	%
BB & below		3,561		4.6	%		3,713		4.7	%		3,712		4.8	%		3,212		4.0	%		3,675		4.5	%
Total fixed maturities, AFS [8]	$	77,820		100.0	%	$	78,268		100.0	%	$	78,132		100.0	%	$	80,263		100.0	%	$	81,809		100.0	%

[1] Includes $277, $275, $25, $1 and $153 in Corporate at December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[2] These assets support the Global Annuity-International variable annuity business. Changes in these balances are also reflected in the respective liabilities.

[3] Includes $97, $100, $100, $96 and $104 in Corporate at December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[4] Includes $202, $194, $138, $128 and $0 in Corporate at December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[5] Includes real estate joint ventures and hedge fund investments outside of limited partnerships.

[6] Primarily relates to derivative instruments. Additionally, includes $48, $49, $27, $27 and $29 in Corporate at December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[7] Includes $1,780, $1,999, $2,274, $2,293 and $1,437 in the Corporate segment at December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, respectively.

[8] Available-for-sale (“AFS”).

45

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

LIFE [1]

		00000		00000			00000		00000			00000		00000			00000		00000			00000		00000
	December 31,					March 31,					June 30,					September 30,					December 31,
	2010					2011					2011					2011					2011
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	52,429		52.1	%	$	52,781		53.3	%	$	52,834		52.3	%	$	54,329		51.9	%	$	55,633		53.3	%
Fixed maturities, at fair value using fair value option		639		0.6	%		1,217		1.2	%		1,214		1.2	%		1,314		1.3	%		1,317		1.3	%
Equity securities, trading, at fair value [2]		32,820		32.6	%		32,339		32.7	%		32,278		31.9	%		30,770		29.4	%		30,499		29.3	%
Equity securities, available-for-sale, at fair value		502		0.5	%		523		0.5	%		603		0.6	%		563		0.5	%		515		0.5	%
Mortgage loans		3,915		3.9	%		4,162		4.2	%		4,578		4.5	%		4,779		4.6	%		4,979		4.8	%
Policy loans, at outstanding balance		2,181		2.2	%		2,181		2.2	%		2,188		2.2	%		2,176		2.1	%		2,001		1.9	%
Limited partnerships and other alternative investments [3]		957		1.0	%		985		1.0	%		1,024		1.0	%		1,320		1.3	%		1,318		1.3	%
Other investments [4]		1,486		1.5	%		450		0.5	%		799		0.8	%		2,717		2.6	%		2,244		2.2	%
Short-term investments		5,631		5.6	%		4,398		4.4	%		5,565		5.5	%		6,619		6.3	%		5,641		5.4	%
Total investments	$	100,560		100.0	%	$	99,036		100.0	%	$	101,083		100.0	%	$	104,587		100.0	%	$	104,147		100.0	%
Less: Equity securities, trading		32,820		32.6	%		32,339		32.7	%		32,278		31.9	%		30,770		29.4	%		30,499		29.3	%
Total investments excluding trading securities	$	67,740		67.4	%	$	66,697		67.3	%	$	68,805		68.1	%	$	73,817		70.6	%	$	73,648		70.7	%
ABS	$	2,442		4.7	%	$	2,655		5.0	%	$	2,732		5.2	%	$	2,778		5.1	%	$	2,491		4.5	%
CDOs		2,087		4.0	%		2,144		4.1	%		2,047		3.9	%		1,949		3.6	%		1,968		3.5	%
CMBS		5,495		10.5	%		5,364		10.2	%		4,967		9.4	%		4,715		8.7	%		4,667		8.4	%
Corporate		30,204		57.6	%		31,218		59.0	%		31,595		59.7	%		33,007		60.7	%		33,719		60.6	%
Foreign government/government agencies		1,160		2.2	%		1,200		2.3	%		1,285		2.4	%		1,409		2.6	%		1,605		2.9	%
Municipal—taxable		1,068		2.0	%		1,110		2.1	%		1,167		2.2	%		1,508		2.8	%		1,603		2.9	%
Municipal—tax-exempt		2,267		4.3	%		2,304		4.4	%		2,417		4.6	%		2,500		4.6	%		2,450		4.4	%
RMBS		4,302		8.2	%		3,779		7.2	%		3,738		7.1	%		3,797		7.0	%		4,000		7.2	%
U.S. Treasuries		3,404		6.5	%		3,007		5.7	%		2,886		5.5	%		2,666		4.9	%		3,130		5.6	%
Total fixed maturities, AFS	$	52,429		100.0	%	$	52,781		100.0	%	$	52,834		100.0	%	$	54,329		100.0	%	$	55,633		100.0	%
U.S. government/government agencies	$	6,809		13.0	%	$	5,939		11.3	%	$	5,869		11.1	%	$	5,806		10.7	%	$	6,509		11.7	%
AAA		6,288		12.0	%		6,174		11.7	%		5,747		10.9	%		6,426		11.8	%		6,212		11.2	%
AA		8,304		15.8	%		8,208		15.6	%		8,152		15.4	%		8,498		15.6	%		8,353		15.0	%
A		14,177		27.1	%		14,551		27.5	%		14,873		28.2	%		15,798		29.1	%		15,528		27.8	%
BBB		13,915		26.5	%		14,854		28.1	%		15,218		28.8	%		15,165		27.9	%		16,108		29.0	%
BB & below		2,936		5.6	%		3,055		5.8	%		2,975		5.6	%		2,636		4.9	%		2,923		5.3	%
Total fixed maturities, AFS	$	52,429		100.0	%	$	52,781		100.0	%	$	52,834		100.0	%	$	54,329		100.0	%	$	55,633		100.0	%

[1] Please refer to the basis of presentation for a description of the statutory legal entity view for Life.

[2] These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.

[3] Includes a real estate joint venture.

[4] Primarily relates to derivative instruments.

46

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

PROPERTY & CASUALTY [1]

		September 30,		September 30,			September 30,		September 30,			September 30,		September 30,			September 30,		September 30,			September 30,		September 30,
	December 31,					March 31,					June 30,					September 30,					December 31,
	2010					2011					2011					2011					2011
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	25,114		89.7	%	$	25,212		90.0	%	$	25,273		88.9	%	$	25,933		89.3	%	$	26,023		89.5	%
Fixed maturities, at fair value using fair value option		10		—			13		—			13		0.1	%		9		—			11		—
Equity securities, available-for-sale, at fair value		374		1.3	%		370		1.3	%		378		1.3	%		330		1.1	%		302		1.0	%
Mortgage loans		372		1.3	%		380		1.4	%		588		2.1	%		683		2.4	%		749		2.6	%
Limited partnerships and other alternative investments [2]		961		3.4	%		987		3.5	%		1,004		3.5	%		1,186		4.1	%		1,214		4.2	%
Other investments [3]		83		0.3	%		141		0.5	%		147		0.5	%		113		0.4	%		121		0.4	%
Short-term investments		1,117		4.0	%		933		3.3	%		1,022		3.6	%		792		2.7	%		658		2.3	%
Total investments	$	28,031		100.0	%	$	28,036		100.0	%	$	28,425		100.0	%	$	29,046		100.0	%	$	29,078		100.0	%
ABS	$	447		1.8	%	$	495		2.0	%	$	565		2.2	%	$	726		2.8	%	$	651		2.5	%
CDOs		524		2.1	%		530		2.1	%		528		2.1	%		516		2.0	%		519		2.0	%
CMBS		2,422		9.6	%		2,345		9.3	%		2,310		9.1	%		2,245		8.7	%		2,284		8.8	%
Corporate		9,680		38.5	%		9,695		38.5	%		10,034		39.7	%		10,309		39.7	%		10,292		39.5	%
Foreign government/government agencies		523		2.1	%		602		2.4	%		579		2.3	%		535		2.1	%		551		2.1	%
Municipal—taxable		131		0.5	%		127		0.5	%		132		0.5	%		141		0.5	%		154		0.6	%
Municipal—tax-exempt		8,654		34.5	%		8,783		34.8	%		9,061		35.9	%		9,015		34.8	%		9,053		34.8	%
RMBS		1,360		5.4	%		1,215		4.8	%		1,456		5.8	%		1,538		5.9	%		1,757		6.8	%
U.S. Treasuries		1,373		5.5	%		1,420		5.6	%		608		2.4	%		908		3.5	%		762		2.9	%
Total fixed maturities, AFS	$	25,114		100.0	%	$	25,212		100.0	%	$	25,273		100.0	%	$	25,933		100.0	%	$	26,023		100.0	%
U.S. government/government agencies	$	2,837		11.3	%	$	2,737		10.9	%	$	2,183		8.6	%	$	2,617		10.1	%	$	2,718		10.4	%
AAA		3,886		15.5	%		3,981		15.8	%		3,662		14.5	%		4,071		15.7	%		3,889		14.9	%
AA		7,248		28.8	%		7,308		28.9	%		7,745		30.7	%		7,423		28.6	%		7,487		28.8	%
A		5,280		21.0	%		5,170		20.5	%		5,596		22.1	%		5,785		22.3	%		5,525		21.3	%
BBB		5,238		20.9	%		5,358		21.3	%		5,350		21.2	%		5,461		21.1	%		5,652		21.7	%
BB & below		625		2.5	%		658		2.6	%		737		2.9	%		576		2.2	%		752		2.9	%
Total fixed maturities, AFS	$	25,114		100.0	%	$	25,212		100.0	%	$	25,273		100.0	%	$	25,933		100.0	%	$	26,023		100.0	%

[1] Please refer to the basis of presentation for a description of the statutory legal entity view for Property & Casualty.

[2] Includes a real estate joint venture and hedge fund investments outside of limited partnerships.

[3] Primarily relates to derivative instruments.

47

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROSS UNREALIZED LOSS AGING

AVAILABLE-FOR-SALE SECURITIES

		September 30,		September 30,		September 30,			September 30,		September 30,		September 30,
	December 31, 2011							December 31, 2010
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss [1] [2]			Cost		Value		Loss [1] [2]
Total AFS Securities
Three months or less	$	3,933	$	3,672	$	(261	)	$	17,431	$	16,783	$	(643	)
Greater than three months to six months		2,617		2,517		(100	)		732		690		(42	)
Greater than six months to nine months		1,181		1,097		(84	)		438		397		(41	)
Greater than nine months to eleven months		106		95		(11	)		185		169		(16	)
Twelve months or more		11,613		9,324		(2,218	)		15,599		12,811		(2,754	)
Total	$	19,450	$	16,705	$	(2,674	)	$	34,385	$	30,850	$	(3,496	)

[1] As of December 31, 2011, fixed maturities, AFS, represented $2,471, or 92%, of the Company’s total unrealized loss on AFS 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 December 31, 2011 and 2010.

[2] Unrealized losses exclude the change in fair value of bifurcated embedded derivative features of certain securities. Subsequent changes in fair value are recorded in net realized capital gains (losses).

48

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTED ASSET EXPOSURES

AS OF DECEMBER 31, 2011

		September 30,		September 30,		September 30,
	Cost or				Percent of Total
	Amortized Cost		Fair Value		Invested Assets [1]
Top Ten Corporate and Equity, AFS, Exposures by Sector
Utilities	$	8,350	$	9,170		8.9	%
Financial services		8,242		7,873		7.6	%
Consumer non-cyclical		5,985		6,616		6.3	%
Technology and communications		4,360		4,742		4.5	%
Basic industry		4,114		4,426		4.2	%
Energy		3,338		3,704		3.5	%
Capital goods		3,330		3,628		3.5	%
Consumer cyclical		2,299		2,497		2.4	%
Transportation		1,285		1,402		1.3	%
Other		914		874		0.8	%
Total	$	42,217	$	44,932		43.0	%
Top Ten Exposures by Issuer [2]
Government of Japan [3]	$	899	$	899		0.8	%
Government of United Kingdom		486		512		0.5	%
AT&T Inc.		341		405		0.4	%
National Grid PLC		332		385		0.4	%
State of California		328		352		0.3	%
State of Massachusetts		309		342		0.3	%
Verizon Communications Inc.		264		305		0.3	%
JPMorgan Chase & Co.		319		278		0.3	%
Berkshire Hathaway Inc.		230		272		0.3	%
Pfizer Inc.		222		262		0.2	%
Total	$	3,730	$	4,012		3.8	%

[1] Excludes equity securities, trading.

[2] Excludes U.S. government and government agency securities, mortgage obligations issued by government sponsored agencies, cash equivalent securities, short-term investments, exposures resulting from derivative transactions and equity securities, trading.

[3] The majority of these investments are included in fixed maturities, at fair value using the fair value option, and changes in the fair value are recorded in net realized capital gains and losses.

49