UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 2004
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HARTFORD LIFE INSURANCE COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 811-07829 06-0974148
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Hartford Life Insurance Company
200 Hopmeadow Street
Simsbury, Connecticut 06089
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (860) 547-5000
Item 5. Other Events.
Hartford Life Insurance Company (the "Company") is filing this Current Report on
Form 8-K to update certain historical segment information included in its Annual
Report on Form 10-K for the year ended December 31, 2003, to give effect to the
Company's new reportable operating segments, which were disclosed in the
Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2004.
The updated historical segment information is contained in Exhibits 99.1, 99.2
and 99.3 and filed as part of this report.
The updated segment disclosures do not change previously reported consolidated
net income, consolidated total assets or liabilities, or consolidated cash flows
from operating activities, investing activities or financing activities. Except
for financial information and other disclosures relating to the Company's
segments, the Company has not amended or otherwise updated any other information
in its Annual Report on Form 10-K for the year ended December 31, 2003.
As disclosed in the Company's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2004, the Company changed its reportable operating segments from
Investment Products, Individual Life and Corporate Owned Life Insurance ("COLI")
to Retail Products Group ("Retail"), Institutional Solutions Group
("Institutional") and Individual Life. Retail offers individual variable and
fixed annuities, retirement plan products and services to corporations under
Section 401(k) plans and other investment products. Institutional primarily
offers retirement plan products and services to municipalities under Section 457
plans, other institutional investment products and private placement life
insurance (formerly COLI). Individual Life sells a variety of life insurance
products, including variable universal life, universal life, interest sensitive
whole life and term life insurance. The Company also includes in an Other
category net realized capital gains and losses other than periodic net coupon
settlements on non-qualifying derivatives and net realized capital gains and
losses related to guaranteed minimum withdrawal benefits; corporate items not
directly allocable to any of its reportable operating segments, intersegment
eliminations as well as certain group benefit products including group life and
group disability insurance that is directly written by the Company and is
substantially ceded to the Company's parent. Periodic net coupon settlements on
non-qualifying derivatives and net realized capital gains and losses related to
guaranteed minimum withdrawal benefits are reflected in each applicable segment
in net realized capital gains and losses.
The Company began reporting financial information using these new segments in
its Quarterly Report on Form 10-Q for the quarter ended March 31, 2004.
As required by SFAS No. 131, consolidated financial statements published by the
Company in the future will reflect modifications to its reportable segments
resulting from this organizational change, including reclassification of all
comparable prior period segment information.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HARTFORD LIFE INSURANCE COMPANY
Date: May 27, 2004 By: /s/ DAVID A. CARLSON
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Name: David A. Carlson
Title: Senior Vice President and Deputy Chief
Financial Officer
EXHIBIT INDEX
99.1 Amended Business of Hartford Life Insurance Company, comprising Item 1 of
Hartford Life Insurance Company's Annual Report on Form 10-K for the year
ended December 31, 2003.
99.2 Amended Management's Discussion and Analysis of Financial Condition and
Results of Operations, comprising Item 7 of Hartford Life Insurance
Company's Annual Report on Form 10-K for the year ended December 31, 2003.
99.3 Amended Financial Statements and Supplementary Data, comprising Item 8 of
Hartford Life Insurance Company's Annual Report on Form 10-K for the year
ended December 31, 2003.