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Exhibit 99.1
[THE HARTFORD LOGO] News Release
Hartford Plaza o Hartford, CT 06115
<Table>
Date: July 8, 2003
For Release: Upon Receipt
Contact: Media Investors
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Joyce Willis Hans Miller
860/547-4951 860/547-2751
jwillis@thehartford.com hmiller@thehartford.com
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Cynthia Michener Mike Lesperance
860/547-5624 860/547-6781
cynthia.michener@thehartford.com michael.lesperance@thehartford.com
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The Hartford Sells Senior Notes
HARTFORD, Conn. - The Hartford Financial Services Group, Inc. (NYSE: HIG) today
announced that it has sold $320 million aggregate principal amount of its 4.625
percent senior notes due July 15, 2013, in an offering pursuant to Rule 144A and
Regulation S under the Securities Act of 1933. The Hartford intends to use the
net proceeds from the offering, plus available cash, to redeem the remaining
$320 million of its outstanding 7.70 percent trust preferred securities on
September 30, 2003.
This notice does not constitute an offer to sell, or the solicitation of an
offer to buy, the notes or any other securities. The notes are only offered to
qualified institutional buyers pursuant to Rule 144A under the Securities Act or
to investors outside the United States pursuant to Regulation S under the
Securities Act. The notes have not been registered under the Securities Act and
may not be offered or sold in the United States without registration or an
applicable exemption from the registration requirements of the Securities Act.
The Hartford is one of the nation's largest investment and insurance
companies, with 2002 revenues of $16.4 billion. The company is a leading
provider of investment products, life insurance and group benefits; automobile
and homeowners products; and business property and casualty insurance.
The Hartford's Internet address is www.thehartford.com.
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Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of 1995.
We caution investors that these forward-looking statements are not guarantees of
future performance, and actual results may differ materially. Investors should
consider the important risks and uncertainties that may cause actual results to
differ. These important risks and uncertainties include those discussed in our
Quarterly Reports on Form 10-Q, our 2002 Annual Report on Form 10-K and the
other filings we make with the Securities and Exchange Commission. We assume no
obligation to update this release, which speaks as of the date issued.