8-K

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): February 4, 2013

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-13958	13-3317783
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
The Hartford Financial Services Group, Inc. One Hartford Plaza Hartford, Connecticut		06155
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (860) 547-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On February 4, 2013, The Hartford Financial Services Group, Inc. (the "Company") issued (i) a press release announcing its financial results for the fiscal year and quarter ended December 31, 2012, and (ii) its Investor Financial Supplement (“IFS”) relating to its financial results for the fiscal year and quarter ended December 31, 2012. Copies of the press release and the IFS are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

Exhibit No.
99.1	Press Release of The Hartford Financial Services Group, Inc. dated	February 4, 2013
99.2	Investor Financial Supplement of The Hartford Financial Services Group, Inc. for the fiscal year and quarter ended December 31, 2012

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.

Date:	February 4, 2013	By:	/s/ Robert H. Bateman
		Name:	Robert H. Bateman
		Title:	Senior Vice President and Controller

EX-99.1

NEWS RELEASE

The Hartford Reports Fourth Quarter 2012 Financial Results; Announces 2013 Outlook And Capital Management Plan

• Fourth quarter 2012 core earnings* of $265 million, or $0.54 per diluted share, including $218 million of catastrophe losses, after tax

• Fourth quarter2012 net loss of $46 million, or $0.13 per diluted share

• Property & Casualty Standard Commercial renewal written price increases averaged 9% in the fourth quarter of 2012 and 8% for full year 2012

• Fourth quarter 2012 Property & Casualty combined ratio, excluding catastrophes and prior year development*, was 95.4 compared with 98.2 in the fourth quarter 2011

• Closed sales of Woodbury Financial and U.S. Annuity new business capabilities in 2012; closed sales of Retirement Plans and Individual Life in early January 2013

• 2013 core earnings outlook of $1.375 billion to $1.475 billion

• Capital management plan to repurchase $500 million of common stock and to reduce debt by $1.0 billion

HARTFORD, Conn., Feb. 4, 2013 – The Hartford (NYSE:HIG) reported a net loss of $46 million, or $0.13 per diluted share, for the three months ended Dec. 31, 2012 (fourth quarter2012) compared with net income of $118 million, or $0.23 per diluted share, for the quarter ended Dec. 31, 2011 (fourth quarter2011). The decline in net income compared to the prior year quarter was due to higher catastrophe losses, largely from Storm Sandy, restructuring and other costs, hedging losses on runoff annuity blocks, and increased net realized capital losses due to the sales of the Retirement Plans and Individual Life businesses.

Fourth quarter 2012 core earnings** declined to $265 million, or $0.54 per diluted share, from $301 million, or $0.61per diluted share, in the fourth quarter of 2011. The decrease in fourth quarter 2012 results was due to higher catastrophe losses as a result of Storm Sandy in the company's Property & Casualty (P&C) operations which were offset by improved results in Group Benefits, Corporate and Talcott Resolution, which is comprised of the company's legacy Wealth Management runoff businesses, as well as the Individual Life and Retirement Plans businesses that were sold in January, 2013.

The company also announced that it has reviewed with the Connecticut Insurance Department its capital management plans and that it has received approval from the Department for a $1.2 billion extraordinary dividend from its Connecticut domiciled life insurance companies. In addition, it expects to dissolve the company's Vermont life reinsurance captive and return approximately $300 million of surplus to the holding company. These actions are expected to be completed by the end of the first quarter of 2013.

*Denotes financial measures not calculated based on generally accepted accounting principles (“non-GAAP").

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**The company changed the calculation of core earnings in the fourth quarter of 2012. Please see the Discussion of Non-GAAP Financial Measures section below for the current definition of core earnings and reconciliations to net income.

The company also announced that it expects to reduce debt by approximately $1 billion, including the

repayment of the 2013 and 2014 debt maturities totaling $520 million. In addition, The Hartford's Board of Directors has authorized a $500 million share repurchase program, expiring at Dec. 31, 2014.

“The Hartford had a strong finish to 2012 and the fourth quarter concluded a year of strategic accomplishments for the company,” said The Hartford's Chairman, President and Chief Executive Officer Liam E. McGee. “Following the successful close of the sales of the life businesses, we enter 2013 with a sharper focus on the P&C, Group Benefits and Mutual Funds businesses. We are also very pleased to share our capital management plans, which will be accretive to shareholders and effectively balance a number of critical goals for The Hartford, including paying down debt, returning capital to shareholders and further strengthening our financial flexibility to take actions to reduce risk in the legacy annuity liabilities.”

“In the fourth quarter, pricing continued to improve across our P&C and Group Benefits businesses, with P&C Standard Commercial renewal written price increases of 9%. Group Benefits core earnings were up significantly in the fourth quarter. Consumer Markets achieved a combined ratio improvement of 2.4 points, excluding catastrophes and prior year development. I also want to express my appreciation for the professionalism and dedication demonstrated by my Hartford colleagues in response to Storm Sandy,” added McGee.

The company also reported net income for the year ended Dec. 31, 2012 of $350 million, or $0.66 per diluted share, compared with 2011 net income of $712 million, or $1.40 per diluted share. The decline in net income was largely due to the second quarter $587 million loss on extinguishment of debt incurred as a result of the debt refinancing and increases in 2012 for net realized capital losses due to hedging of the company's runoff annuity blocks and for restructuring and other costs associated with the sales of the Retirement Plans, Individual Life and other businesses.

2012 core earnings totaled $1.4 billion, or $2.88 per diluted share, compared with $1.1 billion, or $2.24 per diluted share, in 2011. The increase in 2012 core earnings was principally due to a significant reduction in unfavorable prior year loss and loss adjustment expense reserve development (prior year development or PYD) in the company's P&C operations compared with 2011.

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CONSOLIDATED FINANCIAL RESULTS

($ in millions except per share data)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change3	Dec. 31 2012	Dec. 31 2011	Change
Net income (loss)	($46)	$118	NM	$350	$712	(51)%
Net income (loss) available to common shareholders per diluted share	$(0.13)	$0.23	NM	$0.66	$1.40	(53)%
Core earnings (losses):
Property & Casualty	$54	$130	(58)%	$714	$279	156%
Group Benefits	39	17	129%	101	86	17%
Mutual Funds	16	20	(20)%	74	98	(24)%
Talcott Resolution	211	197	7%	827	952	(13)%
Corporate	(55)	(63)	13%	(313)	(299)	(5)%
Core earnings	$265	$301	(12)%	$1,403	$1,116	26%
Weighted average diluted common shares outstanding	488.9	489.6	—%	486.8	498.7	(2)%
Core earnings available to common shareholders per diluted share2	$0.54	$0.61	(11)%	$2.88	$2.24	29%
Book value per diluted share	$46.59	$44.31	5%
Book value per diluted share (ex. AOCI)¹	$40.79	$41.73	(2)%

[1] Accumulated other comprehensive income (AOCI)

[2] Includes dilutive potential common shares and assumed conversion of preferred shares

[3] The Hartford defines increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa, as "NM" or not meaningful.

Net income and core earnings included the following items which totaled $190 million, after tax, in 2012 and $163 million, after tax, in the fourth quarter of 2012:

2012:

• 2012 catastrophe losses of $706 million, before tax ($459 million, after tax), which was approximately $210 million, after tax, or $0.43 per diluted share on a core basis, higher than the company's 2012 catastrophe forecast;

• Favorable prior year development of $4 million, before tax ($3 million, after tax), or $0.01 per diluted share on a core basis; and

• A $17 million tax benefit in the fourth quarter, or $0.03 per diluted share on a core basis, associated with retiree prescription drug benefits.

Fourth Quarter 2012:

• 2012 catastrophe losses totaled $335 million, before tax ($218 million, after tax), which was approximately $174 million, after tax, or $0.36 per diluted share on a core basis, higher than the company's fourth quarter 2012 catastrophe forecast;

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• Unfavorable prior year development of $9 million, before tax ($6 million, after tax), or $0.01 per diluted share on a core basis; and

• A $17 million tax benefit in the fourth quarter, or $0.03 per diluted share on a core basis, associated with retiree prescription drug benefits.

2013 OUTLOOK

The Hartford currently expects 2013 full year core earnings of between $1.375 billion and $1.475 billion, compared with $1.403 billion in 2012.

This outlook is a management estimate based on business, competitive, capital market, catastrophe loads and other assumptions. Key business and market assumptions included in this outlook are set forth in the table below. This outlook is subject to change for many reasons, including unusual or unpredictable items, such as catastrophe losses, tax benefits or charges, prior year development, investment results, and other items. The company has frequently experienced unusual or unpredictable benefits and charges that were not anticipated in previously provided guidance.

2013 OUTLOOK
($ in millions)
	2013 Outlook	2012
Core earnings	$1,375 - $1,475	$1,403
Key business drivers and market assumptions:
P&C Commercial combined ratio, excl. catastrophes and PYD1	92.5-95.5	96.6
Consumer Markets combined ratio, excl. catastrophes and PYD2	89.5-92.5	90.8
Catastrophe loss ratio	4.8%	7.1%
Group Benefits loss ratio	77.0-80.0	79.5
Group Benefits core earnings	mid-high teens growth	$101
Talcott Resolution core earnings	$260-$280 million decline	$827
Annualized investment yield3	4.1%	4.3%
S&P 500 annualized return, incl. dividends	9.0%	15.8%
10 Year Treasury yield	2.10%	1.78%
Yen/$	90.0	86.5

[1] Catastrophe budget of 2.5% included in 2013 outlook; 2012 actual catastrophes were 5.2% of earned premium in P&C Commercial.

[2] Catastrophe budget of 8.6% included in 2013 outlook; 2012 actual catastrophes were 10.5% of earned premium in Consumer Markets.

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[3] 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, repurchase agreement and dollar roll collateral, and consolidated variable interest entity non-controlling interests.

Investors should consider the risks and uncertainties that may cause the company's actual results to materially differ from the 2013 outlook set forth above, including, but not limited to, those set forth in the discussion of forward looking statements at the end of this release and the risk factors included in the company's quarterly report on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012, and Sept. 30, 2012, and annual report on Form 10-K for the year ended Dec. 31, 2011.

PROPERTY & CASUALTY (CONSOLIDATED)

Highlights:

• Fourth quarter 2012 core earnings declined 58% to $54 million compared with the prior year quarter due to Storm Sandy

• 2012 P&C core earnings were $714 million, up 156% over 2011

• Fourth quarter 2012 combined ratio, excluding catastrophes and prior year development, improved to 95.4 from 98.2 in the fourth quarter of 2011

• 2012 combined ratio, excluding catastrophes and prior year development, improved to 94.8 from 95.5 in 2011

• P&C investment income declined 1% in 2012 compared with 2011 driven by a decrease in new money investment rates due to a decline in market yields and credit spreads

PROPERTY & CASUALTY
($ in millions)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	December 31, 2012	December 31, 2011	Change
Written premiums	$2,314	$2,340	(1)%	$9,847	$9,852	—%
Underwriting loss*	$(229)	$(67)	NM	$(189)	$(671)	72%
Investment income	$301	$292	3%	$1,232	$1,248	(1)%
Core earnings	$54	$130	(58)%	$714	$279	156%
Net income	$80	$137	(42)%	$770	$416	85%
Combined ratio	109.2	102.7	(6.5)	101.9	106.8	4.9
Combined ratio, excl. PYD and catastrophes	95.4	98.2	2.8	94.8	95.5	0.7
PYD, before tax	$9	$98	91%	$(4)	$367	NM
Catastrophe losses, before tax	$335	$14	NM	$706	$745	5%

Property & Casualty (Consolidated) includes the financial results of the company's three P&C segments: P&C Commercial, Consumer Markets and P&C Other Operations.

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Fourth Quarter 2012 Results

Fourth quarter2012 Property & Casualty net income was $80 million and core earnings were $54 million, down 42% and 58%, respectively, over the fourth quarter of 2011. The decline was largely driven by higher catastrophe losses, which were partially offset by lower unfavorable prior year development. 2012 accident year catastrophe losses in the fourth quarter of 2012 totaled $335 million, before tax, which was $174 million, after tax, above the company's fourth quarter 2012 catastrophe forecast. Catastrophe losses in the fourth quarter of 2012 were almost entirely due to Storm Sandy. The company incurred gross losses of $370 million from Storm Sandy and net losses of $350 million, after reinsurance. Current accident year catastrophes in the fourth quarter of 2011 were $14 million, before tax. Unfavorable prior year development totaled $9 million, before tax, in the fourth quarter of 2012 compared with an unfavorable $98 million, before tax, in the fourth quarter of 2011.

Excluding catastrophes and prior year development, the P&C combined ratio in the fourth quarter of 2012 was 95.4 compared with 98.2 in the fourth quarter of 2011, reflecting improved underwriting margins in P&C Commercial and Consumer Markets. Underwriting margins improved as a result of lower non-catastrophe property losses and the effect of the company's pricing and underwriting initiatives.

Fourth quarter2012 written premiums declined 1% over the prior year period, driven by P&C Commercial Markets as efforts to rebalance the portfolio through pricing initiatives continued.

2012 Full Year Results

2012 P&C net income was $770 million and core earnings were $714 million, up 85% and 156%, respectively, over 2011 principally due to a reduction in unfavorable prior year development in 2012 compared with 2011. 2012 accident year catastrophe losses totaled $706 million, before tax ($459 million, after tax), $210 million, after tax, above the company's forecast of 2012 catastrophe losses, compared with 2011 accident year catastrophe losses of $745 million, before tax ($484 million, after tax). Prior year development was favorable by $4 million, before tax, in 2012 compared with unfavorable prior year development of $367 million, before tax, in 2011.

Excluding catastrophes and prior year development, the P&C consolidated combined ratio was 94.8 in 2012 compared with 95.5 in 2011, reflecting improved underwriting margins in P&C Commercial and Consumer Markets. Underwriting margins improved as a result of pricing initiatives and lower non-catastrophe property losses in P&C Commercial and Consumer Markets, and the company's underwriting efforts in P&C Commercial.

Written premiums in 2012 were essentially flat with 2011, reflecting a slight increase in P&C Commercial that was offset by a decline in Consumer Markets.

P&C Commercial

Highlights:

• Fourth quarter 2012 underwriting losses were $193 million compared with $141 million in the fourth quarter of 2011 driven by higher catastrophes, partially offset by lower unfavorable prior year development

• Continued pricing and underwriting initiatives and lower unfavorable prior year development resulted in improved P&C Commercial underwriting losses of $182 million in 2012 compared with $279 million in 2011

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• Standard Commercial renewal written price increases rose to 9% in the fourth quarter2012 compared with 5% in the prior year quarter; 2012 rose to 8% compared with 4% in 2011

• Renewal written price increases in Middle Market workers’ compensation were 15% and 14% in the fourth quarter 2012 and full year 2012, respectively

P&C COMMERCIAL
($ in millions)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	Dec. 31 2012	Dec. 31 2011	Change
Underwriting loss	$(193)	$(141)	(37)%	$(182)	$(279)	35%
Combined ratio	112.3	109.0	(3.3)	102.9	104.6	1.7
Combined ratio, excl. catastrophes and PYD	97.8	101.1	3.3	96.6	97.3	0.7
Written premiums	$1,454	$1,482	(2)%	6,209	6,176	1%

Fourth Quarter 2012 Results

P&C Commercial underwriting loss was $193 million in the fourth quarter of 2012, a 37% deterioration from an underwriting loss of $141 million in the fourth quarter of 2011. The higher underwriting loss was primarily due to fourth quarter 2012 catastrophe losses which were partially offset by lower unfavorable prior year development and favorable non-catastrophe property results compared with the prior year quarter. Current year catastrophe losses were $209 million, before tax, in the fourth quarter of 2012, largely due to Storm Sandy, an increase compared with $15 million, before tax, in the fourth quarter of 2011. Unfavorable prior year development was $18 million, before tax, in the fourth quarter of 2012 compared with unfavorable prior year development of $109 million, before tax, in the fourth quarter of 2011, which were largely associated with the company's 2010 accident year workers' compensation reserves.

The combined ratio, excluding catastrophes and prior year development, improved to 97.8 in the fourth quarter of 2012 compared with 101.1 in the fourth quarter of 2011, reflecting improved underwriting margins in workers' compensation and lower non-catastrophe property losses. The fourth quarter2012 and fourth quarter 2011 combined ratio included 1.8 points and 5.6 points, respectively, of unfavorable current accident year loss reserve development related to the first nine months of the year, principally for workers' compensation.

P&C Commercial continued to achieve strong renewal written pricing increases in all business lines in the fourth quarter of 2012. Standard Commercial, which is comprised of Small Commercial and Middle Market, renewal written pricing increases averaged 9%, a 4 point increase over the fourth quarter of 2011. Middle Market pricing increased 11%, while Middle Market workers’ compensation pricing increased 15% in the quarter. Policy count retention remained strong in Small Commercial at 83% in the fourth quarter of 2012, flat with the fourth quarter of 2011. Middle Market policy count retention for the fourth quarter of 2012 was 79%, an improvement compared with 77% in the fourth quarter of 2011.

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2012 Full Year Results

2012 P&C Commercial underwriting loss totaled $182 million, a 35% improvement compared with 2011 due to lower unfavorable prior year development. Unfavorable prior year development declined from $125 million, before tax, in 2011 to $72 million, before tax, in 2012, principally due to reduced prior year development on workers' compensation reserves for the 2010 and 2011 accident years. Catastrophe losses totaled $325 million, before tax, in 2012, almost equal to 2011's catastrophe losses of $320 million, before tax.

The 2012 P&C Commercial combined ratio, excluding catastrophes and prior year development, improved to 96.6 compared with 97.3 in 2011. The improvement in the combined ratio reflects higher pricing and the related margin expansion in Middle Market and Specialty in 2012 compared with 2011.

2012 written premiums were slightly higher than 2011 at $6.2 billion, as rate increases were largely offset by lower new business written and essentially flat policy count retention, consistent with the company's rate and underwriting strategies during 2012.

P&C Commercial continued to achieve strong renewal written pricing increases in all business lines in 2012. Standard Commercial renewal written pricing increases averaged 8%, a 4 point increase over 2011. Middle Market pricing increased 11%, largely due to a 14% increase in Middle Market workers’ compensation pricing in 2012. Policy count retention remained strong in Small Commercial, at 83% in 2012, flat to 2011, while Middle Market policy count retention for 2012 was down slightly to 77% compared with 78% in 2011.

Consumer Markets

Highlights:

• 2012 new auto and homeowners business premium rose 15% compared with 2011, due to growth in AARP Agency and AARP Direct

• 2012 combined ratio, excluding catastrophes and prior year development, improved to 90.0 in the fourth quarter of 2012 compared with 92.4 in the fourth quarter of 2011.

• 2012 combined ratio, excluding catastrophes and prior year development, improved to 90.8 compared with 91.9 in 2011

• Auto and homeowners fourth quarter 2012 policy count retention improved 3 points and 4 points, respectively, compared with the fourth quarter of 2011; policy count retention improved 2 points to 85% and 86%, respectively, for the full year in 2012 compared with 2011

Consumer Markets
($ in millions)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	December 31, 2012	December 31, 2011	Change
Underwriting gain (loss)	$(21)	$88	NM	$93	$(48)	NM
Combined ratio	102.3	90.5	(11.8)	97.4	101.3	3.9
Combined ratio, excl. catastrophes and PYD	90.0	92.4	2.4	90.8	91.9	1.1
Written premiums	$859	$858	—%	$3,630	$3,675	(1)%

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Fourth Quarter 2012 Results

Consumer Markets reported an underwriting loss of $21 million in the fourth quarter of 2012, principally due to catastrophe losses from Storm Sandy, compared with an underwriting gain of $88 million in the fourth quarter of 2011. Fourth quarter2012 underwriting results included current year catastrophe losses of $126 million, before tax. Favorable prior year development totaled $14 million, before tax, in the fourth quarter of 2012 compared with $17 million, before tax, in the fourth quarter of 2011.

Consumer Markets combined ratio, excluding catastrophes and prior year development, was 90.0 in the fourth quarter of 2012, down from 92.4 in the fourth quarter of 2011. The improvement reflected an approximately 8 point improvement in the homeowners' combined ratio, excluding catastrophes and prior year development, due primarily to earned pricing increases, lower frequency of non-catastrophe weather claims and lower severity. The auto combined ratio, excluding catastrophes and prior year development, improved 1 point driven by earned pricing increases.

Fourth quarter2012 written premiums were flat compared with the fourth quarter of 2011 while earned premiums declined 1%, as higher new business was offset by the loss of renewal premium despite higher policy count retention compared with the prior year period. New business written premium rose 7% to $107 million due to strong production in AARP Agency. Auto new business premiums were flat while homeowners increased 30%. Fourth quarter2012 policy count retention for auto and homeowners increased 3 and 4 points to 86% and 88%, respectively, from the fourth quarter of 2011.

2012 Full Year Results

Consumer Markets reported a 2012 underwriting gain of $93 million compared with an underwriting loss of $48 million in 2011 as a result of more favorable prior year development, lower catastrophe losses, and expanded current accident year margins before catastrophes. 2012 underwriting results included current year catastrophe losses of $381 million, before tax, compared with 2011 catastrophe losses of $425 million, before tax. Favorable prior year development totaled $141 million, before tax, in 2012 compared with $75 million, before tax, in 2011, as a result of more favorable prior year development in homeowners' and catastrophes losses.

Consumer Markets combined ratio, excluding catastrophes and prior year development, was 90.8 in 2012, an improvement from 91.9 in 2011. The improvement was driven by the homeowners' combined ratio, excluding catastrophes and prior year development, decreasing from 80.9 in 2011 to 75.4 in 2012, primarily as a result of earned pricing increases and lower frequency of non-catastrophe weather claims. This experience was partially offset by the auto combined ratio, excluding catastrophes and prior year development, rising from 96.9 in 2011 to 97.6 in 2012, largely due to higher physical damage severity trends in 2012.

2012 written premiums were down 1% compared with 2011 and earned premiums declined 3% as the loss of renewal business was not entirely offset by new business. New business written premium rose 15% to $449 million due to strong production in AARP Agency and AARP Direct. Auto new business premiums rose 11% while homeowners increased 29%. Renewal business retention trends improved, as 2012 policy count retention for auto and homeowners each increased 2 points to 85% and 86%, respectively, from 2011.

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P&C Other Operations

Highlights:

• Fourth quarter2012 underwriting loss was $15 million compared to a loss of $14 million in the fourth quarter of 2011

• 2012 underwriting loss was $100 million compared with a loss of $344 million in 2011

Fourth Quarter 2012 Results

Fourth quarter 2012 underwriting loss was $15 million compared with $14 million in the fourth quarter of 2011. Fourth quarter2012 results included unfavorable prior year development of approximately $5 million, before tax, while fourth quarter of 2011 included unfavorable prior year development of $6 million, before tax. Loss development in both quarters was primarily driven by environmental reserve strengthening as a result of the quarterly actuarial environmental reserve evaluation.

2012 Full Year Results

2012 underwriting loss for P&C Other Operations totaled $100 million compared with $344 million in 2011. The principal reason for the improvement in 2012 financial results was lower unfavorable prior year development compared with 2011. Unfavorable prior year development in 2012 totaled $65 million, before tax, compared with 2011 unfavorable prior year development of $317 million, before tax, both periods principally due to unfavorable development on asbestos liabilities. Unfavorable prior year development for asbestos totaled $48 million in 2012 compared with $294 million in 2011.

GROUP BENEFITS

Highlights:

• Fully insured premiums declined 8% and7% in the fourth quarter of 2012 and full year 2012, respectively, reflecting competition and the impact of the company's pricing initiatives on persistency

• Fourth quarter 2012 core earnings were $39 million, up 129% from the fourth quarter of 2011, reflecting improved group long-term disability results that were slightly offset by less favorable group life mortality results compared with the fourth quarter of 2011

• 2012 core earnings were $101 million, up 17% from 2011, as a result of more favorable group long-term disability experience

GROUP BENEFITS
($ in millions)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	Dec. 31 2012	Dec. 31 2011	Change
Fully insured premiums¹	$915	$995	(8%)	$3,745	$4,036	(7%)
Loss ratio	77.0%	80.5%	3.5	79.5%	79.5%	—
Core earnings	$39	$17	129%	$101	$86	17%

[1] Fully insured ongoing premiums excludes buyout premiums and premium equivalents

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Fourth Quarter 2012 Results

Group Benefits fourth quarter net income rose to $46 million compared with $15 million in the fourth quarter of 2011 due to realized capital gains and improved core earnings. Core earnings in the fourth quarter of 2012 were $39 million, up 129% compared with $17 million in the fourth quarter of 2011, reflecting improved group long-term disability results.

The loss ratio improved to 77.0% compared with 80.5% in the fourth quarter of 2011 due to continued improving group long-term disability claim trends. Long-term disability claims incidence was stable compared with the prior year quarter, but remains elevated when compared to historical levels.

In the fourth quarter of 2012, fully insured premium in Group Benefits were $915 million, down 8% compared with $995 million in the fourth quarter of 2011.

2012 Full Year Results

2012 Group Benefits net income was $129 million, a 40% increase compared with $92 million in 2011. 2012 Group Benefits core earnings were $101 million, up 17% compared with $86 million in 2011, reflecting an improvement in the expense ratio that was partially offset by a reduction in net premiums earned.

The 2012 loss ratio was flat at 79.5% compared with 2011. Group Benefits loss experience in 2012 reflects stable incidence trends during the year, although elevated when compared to historical levels, and a continuation of the slightly improving claim trends in group long-term disability that emerged in mid-2012. Group life claims experience deteriorated modestly compared with 2011 but remained more favorable than group long-term disability.

2012 fully insured premium in Group Benefits declined 7% to $3,745 million compared with 2011 due to lower persistency resulting from the company’s targeted pricing initiatives as well as the competitive market environment.

MUTUAL FUNDS

Highlights:

• Fourth quarter 2012 Mutual Funds core earnings were $16 million, down 20% from $20 million in the fourth quarter of 2011 due primarily to higher sales related expenses

• 2012 Mutual Funds net income was $71 million, down 28% from 2011, as a result of lower average assets under management

• Retail net flows improved in 2012 to a negative $2.4 billion from a negative $5.6 billion in 2011, as a result of reduced redemptions

• Assets under management in retail mutual funds totaled $43.1 billion at Dec. 31, 2012, up 7% from $40.2 billion at Dec. 31, 2011

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MUTUAL FUNDS
($ in millions)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	Dec. 31 2012	Dec. 31 2011	Change
Core earnings	$16	$20	(20%)	$74	$98	(24%)
Average assets under management	$87,884	$84,170	4%	$86,593	$93,012	(7%)
Assets under management	$87,647	$85,538	2%

Fourth Quarter 2012 Results

Fourth quarter2012 net income for Mutual Funds totaled $15 million, down 21% compared with $19 million in the fourth quarter of 2011. Mutual Funds fourth quarter2012 core earnings were $16 million, down 20% compared with $20 million in the fourth quarter of 2011. The reduction in net income and core earnings was principally due to higher sales related expenses compared to the fourth quarter of 2011.

2012 Full Year Results

2012 Mutual Funds net income was $71 million compared with $98 million in 2011. 2012 core earnings were $74 million, down 24% compared with $98 million in 2011. The reduction in net income and core earnings was principally due to lower fee income as a result of a 7% decrease in average assets under management and higher sales related expenses compared with 2011.

Total assets under management were $87.6 billion at Dec. 31, 2012, up 2% compared with $85.5 billion at Dec. 31, 2011, reflecting market appreciation that was largely offset by negative net flows.

TALCOTT RESOLUTION

• Fourth quarter 2012 core earnings of $211 million were up 7% compared with $197 million in the fourth quarter of 2011 due to lower expenses

• 2012 core earnings of $827 million declined 13% primarily due to the decrease in account values and lower tax benefits compared with 2011

• Net outflows in the U.S. and International variable annuity blocks of business totaled $11.4 billion and $2.2 billion, respectively in 2012; fourth quarter 2012 net outflows were $2.8 billion and $0.6 billion, respectively

Talcott Resolution
($ in millions)	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	Dec. 31 2012	Dec. 31 2011	Change
Core earnings	$211	$197	7%	$827	$952	(13%)
Net income	$(148)	$37	NM	$271	$540	(50%)
Account values	228,143	235,310	(3%)
U.S. VA full surrender rate1	10.6%	7.5%	3.1%	10.9%	9.3%	1.6%
Japan VA full surrender rate1	3.7%	2.8%	0.9%	3.4%	2.6%	0.8%

[1] Full surrender rate represents full contract liquidation; excludes partial withdrawals

12

Talcott Resolution consists of the company's run-off annuity businesses, including U.S. Annuity, International Annuity and Institutional, and other legacy Wealth Management businesses which are in run-off, such as private placement life insurance (PPLI), or have been sold, such as the company's Individual Life and Retirement Plans businesses.

Fourth Quarter 2012 Results

Talcott Resolution fourth quarter2012 net loss was $148 million compared with net income of $37 million in the fourth quarter of 2011. Talcott Resolution net income for the fourth quarter of 2012 included a DAC unlock benefit for market performance and assumption changes of $42 million, after tax, compared with a benefit of $5 million, after tax, in the fourth quarter of 2011. In addition, fourth quarter 2012 net income includes restructuring and other costs of $14 million, after tax; there were no restructuring charges in the fourth quarter of 2011.

Fourth quarter 2012 net realized capital losses, after tax and deferred acquisition costs (DAC), were $387 million compared with losses of $165 million in the fourth quarter of 2011, principally as a result of the company's international variable annuity hedging programs due to the weakening of the Japanese yen.

Talcott Resolution fourth quarter2012 core earnings were $211 million, a 7% increase compared with $197 million in the fourth quarter of 2011 principally due to lower expenses.

During the fourth quarter of 2012, U.S. variable annuity account values declined by 3% to $64.8 billion at Dec. 31, 2012 from $66.7 billion at Sept. 30, 2012 due to net outflows of $2.8 billion during the quarter. International variable annuity account values declined by 4% to $29.5 billion at Dec. 31, 2012 from $30.6 billion at Sept. 30, 2012 due to net outflows of $0.6 billion during the quarter. Annualized full surrender rate increased in the fourth quarter of 2012 to 10.6% on U.S. variable annuities and 3.7% on Japan variable annuities compared with 7.5% and 2.8%, respectively, in the fourth quarter of 2011.

2012 Full Year Results

Talcott Resolution 2012 net income was $271 million compared with net income of $540 million in 2011. Talcott Resolution net income for 2012 included a DAC unlock benefit for market performance and assumption changes of $31 million, after tax, compared with a charge of $473 million, after tax, in 2011 and restructuring and other costs of $44 million, after tax, compared with $0 million, in 2011. 2011 also included a tax benefit of $52 million related to the resolution of a tax matter with the IRS for the computation of dividends received deductions for years 1998, 2000 and 2001.

2012 net income also included net realized capital losses, after tax and DAC, of $543 million compared with gains of $61 million in 2011, principally as a result of losses in the company's international variable annuity hedging programs and impairments and investment losses relating to the sales of the Retirement Plans and Individual Life businesses. 2012 net realized capital losses from annuity hedging programs and assumption changes were $742 million, after tax and DAC, primarily due to the weakening of the Japanese yen and favorable market performance, compared with gains of $155 million, after tax and DAC, in 2011 driven by unfavorable market performance in that period. Total net realized gains on investments not related to hedging were $199 million.

Talcott Resolution 2012 core earnings were $827 million, down 13% compared with $952 million in 2011 due to lower account values, lower tax benefits compared with 2011 and an $18 million, after tax, 2011 premium deficiency reserve release on the Japan annuity block.

13

Account values for Talcott Resolution totaled $228.1 billion at Dec. 31, 2012, down 3% from $235.3 billion at Dec. 31, 2011, reflecting $11.4 billion of net outflows over the past twelve months in the U.S. variable annuity block, largely offset by the impact of higher capital market levels. During 2012, U.S. variable annuity account values declined by 6% to $64.8 billion at Dec. 31, 2012 from $68.8 billion at Dec. 31, 2011. The annualized full surrender rate on U.S. variable annuities rose to 10.9% in 2012 compared with 9.3% in 2011. International variable annuity account values declined 5% to $29.5 billion at Dec. 31, 2012 from $31.2 billion at Dec. 31, 2011 due to net outflows of $2.2 billion. The annualized full surrender rate on Japan variable annuities also rose during the year from 2.6% in 2011 to 3.4% in 2012.

CORPORATE

Fourth Quarter 2012 Results

Net loss in Corporate totaled $39 million in the fourth quarter of 2012 compared with a net loss of $90 million in the fourth quarter of 2011. Restructuring and other costs totaled $43 million, after tax, in the fourth quarter of 2012 compared with $7 million in the fourth quarter of 2011.

Core losses in Corporate were $55 million in the fourth quarter of 2012, a 13% decrease from core losses of $63 million in the fourth quarter of 2011due to higher investment income and lower interest expense as a result of the second quarter 2012 debt refinancing. Interest expenses totaled $109 million, before tax, in the quarter, a decrease of 12% from $124 million in the fourth quarter of 2011.

2012 Full Year Results

2012 net loss in Corporate totaled $891 million, versus a net loss of $434 million in 2011. 2012 results included $587 million of losses due to the extinguishment of debt and $78 million of restructuring and other costs, for a total of $665 million, after tax, compared with restructuring and other costs of $16 million, after tax, in 2011.

2012 core losses in Corporate of $313 million increased slightly compared with core losses of $299 million in 2011due to lower fee income and higher operating costs in Woodbury Financial, which was sold in November 2012. Interest expenses totaled $457 million, before tax, in 2012, a decrease of 10% from 2011 due principally to the second quarter 2012 debt refinancing.

INVESTMENTS

Highlights:

• Fourth quarter 2012 annualized investment yield of 4.3% compared with 4.0% in the fourth quarter of 2011

• 2012 annualized investment yield of 4.3% compared with 4.4% in 2011

• Excluding limited partnerships and other alternative investments, fourth quarter 2012 annualized investment yields were 4.2% compared to 4.1% in the fourth quarter of 2011 and 4.3% for the full year 2012 compared to 4.2% in 2011

• Fourth quarter 2012 net impairment losses, which are not included in core earnings, were $172 million compared with $35 million in 2011 and included intent-to-sell impairments of $177 million

14

INVESTMENTS
($ in millions)	Three Months Ended			For The Years Ended
Amounts presented before tax	December 31, 2012	December 31, 2011	Change	Dec. 31 2012	Dec. 31 2011	Change
Net investment income, excluding trading securities	$1,040	$998	4%	$4,237	$4,272	(1%)
Intent-to-sell impairments related to sales of Retirement Plans and Individual Life businesses	$(177)	$—	NM	$(177)	$—	NM
Net impairment gains (losses) including mortgage loan loss reserves1	$5	$(35)	NM	$(158)	$(150)	(5	)%
Annualized investment yield2	4.3%	4.0%	0.3	4.3%	4.4%	(0.1)
Annualized investment yield, excluding limited partnerships and other alternative investments	4.2%	4.1%	0.1	4.3%	4.2%	0.1

[1] Excludes intent-to-sell impairments

[2] 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, repurchase agreement and dollar roll collateral, and consolidated variable interest entity non-controlling interests.

Fourth Quarter 2012 Results

Fourth quarter2012 net investment income, excluding trading securities associated with the company's runoff Japan variable annuity block, was $1.0 billion, before tax, a 4% increase compared with the fourth quarter of 2011 due to higher returns on limited partnerships and other alternative investments. Annualized investment yield, before tax, was 4.3% in the fourth quarter of 2012 compared with 4.0% in the fourth quarter of 2011 due to higher returns on limited partnerships and other alternative investments. Annualized returns on limited partnerships and other alternative investments were approximately 6.0% in the fourth quarter of 2012, compared with 0% in the fourth quarter of 2011.

Annualized investment yield, excluding limited partnerships and other alternative investments, was up slightly to 4.2% in the fourth quarter of 2012 compared to 4.1% in the fourth quarter of 2011 due to modest duration extension of the portfolio and a slight increase in higher yielding asset classes in the company's general account offset by reinvestment at lower interest rates.

Total impairment losses for the fourth quarter 2012 include intent-to-sell impairments of $177 million, before tax, related to the sales of the Retirement Plans and Individual Life businesses. Net impairment losses and changes to the mortgage loan loss reserves, excluding the intent-to-sell impairments, resulted in a net gain of $5 million, before tax, compared with net losses of $35 million, before tax, in the fourth quarter of 2011. The fourth quarter 2012 net impairment losses and changes to the mortgage loan loss reserve were driven by improvement in the underlying valuation and performance of the collateral of a commercial mortgage loan.

15

2012 Full Year Results

2012 net investment income, excluding trading securities associated with the company's runoff Japan variable annuity block, declined 1% to $4.2 billion, before tax, in 2012 compared with 2011, primarily due to lower returns on limited partnerships and other alternative investments. Annualized investment yield, before tax, was 4.3% in 2012 compared with 4.4% in 2011 due to lower returns on limited partnerships and other alternative investments as well as continued low reinvestment rates. Annualized returns on limited partnerships and other alternative investments were approximately 7.1% in 2012 compared with 12.0% in 2011.

2012 annualized investment yield, excluding limited partnerships and other alternative investments, was 4.3% in 2012 compared with 4.2% in 2011, resulting from modest duration extension of the portfolio and a slight increase in higher yielding asset classes in the company's general account partially offset by reinvestment at lower interest rates.

The Company recorded impairment losses of $335 million, before tax and DAC, including $177 million of intent-to-sell impairments related to the sales of the Retirement Plans and Individual Life businesses. 2012 net impairment losses and changes to the mortgage loan loss reserves, excluding the intent-to-sell impairments, were $158 million, before tax, slightly higher than impairment losses of $150 million, before tax, in 2011.

Total invested assets, excluding trading securities, were $105.3 billion as of Dec. 31, 2012 compared with $104.4 billion at Dec. 31, 2011

STOCKHOLDERS’ EQUITY

The Hartford’s stockholders’ equity was $22.8 billion on December 31,
2012, a 6% increase over stockholders’ equity of $21.5 billion on December 31,
2011, reflecting 2012 net income of $350 million, share and warrant share repurchases totaling $449 million, common and preferred dividends of $217 million as well as an increase in AOCI from $1.3 billion at December 31,
2011 to $2.8 billion at December 31,
2012.

Book value per diluted common share, which includes the dilutive effect of the company’s common stock warrants and mandatory convertible preferred stock, was $46.59 at December 31,
2012, an increase of 5% compared with $44.31 at December 31,
2011. Excluding AOCI, book value per diluted common share* declined 2% to $40.79 on December 31,
2012, compared with $41.73 on December 31,
2011.

CONFERENCE CALL

The Hartford will discuss its fourth quarter and full year 2012 financial results in a conference call on Tuesday, Feb. 5, 2013 at 9 a.m. EST. The call, along with a slide presentation, can be accessed live or as a replay through the investor relations section of The Hartford's website at http://ir.thehartford.com. The slide presentation will be posted on The Hartford’s website at approximately 8:30 a.m. EST on Feb. 5, 2013.

More detailed financial information can be found in The Hartford's Investor Financial Supplement for Dec. 31, 2012 which is available at http://thehartford.com.

16

ABOUT THE HARTFORD

With more than 200 years of expertise, The Hartford (NYSE:HIG) is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com.

HIG-F

Media Contact                    Investor Contact

Shannon Lapierre                    Sabra Purtill, CFA

860-547-5624                        860-547-8691

shannon.lapierre@thehartford.com            sabra.purtill@thehartford.com

Thomas Hambrick                    Sean Rourke

860-547-9746                        860-547-5688

thomas.hambrick@thehartford.com            sean.rourke@thehartford.com

17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
($ in millions)
Three Months Ended Dec. 31, 2012
	Property & Casualty	Group Benefits	Mutual Funds	Talcott Resolution	Corporate	Consolidated
Earned premiums	$2,479	$915	$—	$(6)	$—	$3,388
Fee income	—	16	152	873	25	1,066
Net investment income (loss)
Securities available-for-sale and other	301	101	(1)	613	26	1,040
Equity securities held for trading [1]	—	—	—	2,676	—	2,676
Total net investment income (loss)	301	101	(1)	3,289	26	3,716
Other revenues	73	—	—	—	1	74
Net realized capital gains (losses)	40	9	—	(642)	84	(509)
Total revenues	2,893	1,041	151	3,514	136	7,735
Benefits, losses, and loss adjustment expenses	2,004	717	—	599	—	3,320
Benefits, losses, and loss adjustment expenses – returns credited on International variable annuities [1]	—	—	—	2,676	—	2,676
Amortization of deferred policy acquisition costs	317	8	9	213	—	547
Insurance operating costs and other expenses	493	256	118	337	48	1,252
Interest expense	—	—	—	—	109	109
Restructuring and other costs	—	—	1	21	67	89
Total benefits and expenses	2,814	981	128	3,846	224	7,993
Income (loss) from continuing operations before income taxes	79	60	23	(332)	(88)	(258)
Income tax expense (benefit)	(2)	14	8	(184)	(49)	(213)
Income (loss) from continuing operations	81	46	15	(148)	(39)	(45)
Add: Loss from discontinued operations, after tax	(1)	—	—	—	—	(1)
Net income (loss)	80	46	15	(148)	(39)	(46)
Less: DAC unlock impact on net income (loss), after tax	—	—	—	42	—	42
Less: Restructuring and other costs, after  tax	—	—	(1)	(14)	(43)	(58)
Less: Income (loss) from discontinued operations, after tax	(1)	—	—	—	—	(1)
Less: Net realized gains (losses), after tax and DAC, excluded from core earnings	27	7	—	(387)	59	(294)
Core earnings (losses)	$54	$39	$16	$211	$(55)	$265

[1] Includes dividend income and mark-to-market effects of trading securities supporting the international variable annuity business, which are classified in net investment

income with corresponding amounts credited to policyholders within interest credited

18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
($ in millions)
Three Months Ended Dec. 31, 2011
	Property & Casualty	Group Benefits	Mutual Funds	Talcott Resolution	Corporate	Consolidated
Earned premiums	$2,481	$995	$—	$30	$—	$3,506
Fee income	—	16	143	923	48	1,130
Net investment income (loss)
Securities available-for-sale and other	292	99	(1)	615	(7)	998
Equity securities held for trading [1]	—	—	—	325	—	325
Total net investment income (loss)	292	99	(1)	940	(7)	1,323
Other revenues	65	—	—	—	—	65
Net realized capital gains (losses)	15	(5)	—	(356)	(40)	(386)
Total revenues	2,853	1,105	142	1,537	1	5,638
Benefits, losses, and loss adjustment expenses	1,888	814	—	762	1	3,465
Benefits, losses, and loss adjustment expenses – returns credited on International variable annuities [1]	—	—	—	324	—	324
Amortization of deferred policy acquisition costs	313	8	11	65	—	397
Insurance operating costs and other expenses	441	270	100	386	9	1,206
Interest expense	—	—	—	—	124	124
Goodwill impairment	30	—	—	—	—	30
Restructuring and other costs	—	—	—	—	11	11
Total benefits and expenses	2,672	1,092	111	1,537	145	5,557
Income (loss) from continuing operations before income taxes	181	13	31	—	(144)	81
Income tax expense (benefit)	39	(2)	12	(37)	(48)	(36)
Income (loss) from continuing operations	142	15	19	37	(96)	117
Add: Income (loss) from discontinued operations, after tax	(5)	—	—	—	6	1
Net income (loss)	137	15	19	37	(90)	118
Less: DAC unlock impact on net income (loss), after tax	—	—	—	5	—	5
Less: Restructuring and other costs, after tax	—	—	—	—	(7)	(7)
Less: Income (loss) from discontinued operations, after tax	(5)	—	—	—	6	1
Less: Net realized gains (losses), after tax and DAC, excluded from core earnings	12	(2)	(1)	(165)	(26)	(182)
Core earnings (losses)	$130	$17	$20	$197	$(63)	$301

19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
($ in millions)
Twelve Months Ended Dec. 31, 2012
	Property & Casualty	Group Benefits	Mutual Funds	Talcott Resolution	Corporate	Consolidated
Earned premiums	$9,893	$3,748	$—	$(10)	$—	$13,631
Fee income	—	62	599	3,604	167	4,432
Net investment income (loss)
Securities available-for-sale and other	1,232	405	(3)	2,572	31	4,237
Equity securities held for trading [1]	—	—	—	4,565	—	4,565
Total net investment income (loss)	1,232	405	(3)	7,137	31	8,802
Other revenues	257	—	—	—	1	258
Net realized capital gains (losses)	96	40	—	(972)	125	(711)
Total revenues	11,478	4,255	596	9,759	324	26,412
Benefits, losses, and loss adjustment expenses	7,270	3,029	—	2,951	—	13,250
Benefits, losses, and loss adjustment expenses – returns credited on International variable annuities [1]	—	—	—	4,564	—	4,564
Amortization of deferred policy acquisition costs	1,259	33	35	661	—	1,988
Insurance operating costs and other expenses	1,930	1,032	449	1,383	244	5,038
Loss on extinguishment of debt	—	—	—	—	910	910
Interest expense	—	—	—	—	457	457
Restructuring and other costs	6	1	3	68	121	199
Total benefits and expenses	10,465	4,095	487	9,627	1,732	26,406
Income (loss) from continuing operations before income taxes	1,013	160	109	132	(1,408)	6
Income tax expense (benefit)	238	31	38	(139)	(517)	(349)
Income (loss) from continuing operations	775	129	71	271	(891)	355
Add: Loss from discontinued operations, after tax	(5)	—	—	—	—	(5)
Net income (loss)	770	129	71	271	(891)	350
Less: DAC unlock impact on net income (loss) after tax	—	—	—	31	—	31
Less: Restructuring and other costs, after tax	(4)	—	(3)	(44)	(78)	(129)
Less: Income (loss) from discontinued operations, after tax	(5)	—	—	—	—	(5)
Less: Loss on extinguishment of debt, after tax	—	—	—	—	(587)	(587)
Less: Net realized gains (losses), after tax and DAC, excluded from core earnings	65	28	—	(543)	87	(363)
Core earnings (losses)	$714	$101	$74	$827	$(313)	$1,403

20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
($ in millions)
Twelve Months Ended Dec. 31, 2011
	Property & Casualty	Group Benefits	Mutual Funds	Talcott Resolution	Corporate	Consolidated
Earned premiums	$9,874	$4,085	$—	$129	$—	$14,088
Fee income	—	62	649	3,830	209	4,750
Net investment income (loss)
Securities available-for-sale and other	1,248	411	(3)	2,593	23	4,272
Equity securities held for trading [1]	—	—	—	(1,359)	—	(1,359)
Total net investment income (loss)	1,248	411	(3)	1,234	23	2,913
Other revenues	253	—	—	—	—	253
Net realized capital gains (losses)	(62)	(3)	1	15	(96)	(145)
Total revenues	11,313	4,555	647	5,208	136	21,859
Benefits, losses, and loss adjustment expenses	7,787	3,306	—	3,535	(3)	14,625
Benefits, losses, and loss adjustment expenses – returns credited on International variable annuities [1]	—	—	—	(1,359)	—	(1,359)
Amortization of deferred policy acquisition costs	1,254	35	47	1,108	—	2,444
Insurance operating costs and other expenses	2,035	1,121	448	1,504	177	5,285
Loss on extinguishment of debt	—	—	—	—	—	—
Interest expense	—	—	—	—	508	508
Goodwill impairment	30	—	—	—	—	30
Restructuring and other costs	—	—	—	—	25	25
Total benefits and expenses	11,106	4,462	495	4,788	707	21,558
Income (loss) from continuing operations before income taxes	207	93	152	420	(571)	301
Income tax expense (benefit)	(59)	1	54	(120)	(201)	(325)
Income (loss) from continuing operations	266	92	98	540	(370)	626
Add: Income (loss) from discontinued operations, after tax	150	—	—	—	(64)	86
Net income (loss)	416	92	98	540	(434)	712
Less: DAC unlock impact on net income (loss) after tax	—	—	—	(473)	—	(473)
Less: Restructuring and other costs, after tax	—	—	—	—	(16)	(16)
Less: Income (loss) from discontinued operations, after tax	150	—	—	—	(64)	86
Less: Loss on extinguishment of debt, after tax	—	—	—	—	—	—
Less: Net realized gains (losses), after tax and DAC, excluded from core earnings	(13)	6	—	61	(55)	(1)
Core earnings (losses)	$279	$86	$98	$952	$(299)	$1,116

21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
RESULTS BY SEGMENT
($ in millions, except per share data)
	Three Months Ended			For The Years Ended
	December 31, 2012	December 31, 2011	Change	December 31, 2012	December 31, 2011	Change
Property & Casualty Commercial	26	29	(10)%	511	389	31%
Consumer Markets	11	85	(87)%	159	9	NM
P&C Other Operations	17	16	6%	44	(119)	NM
Total P&C core earnings (losses)	54	130	(58)%	714	279	156%
Group Benefits core earnings	39	17	129%	101	86	17%
Mutual Funds core earnings	16	20	(20)%	74	98	(24)%
Talcott Resolution core earnings	211	197	7%	827	952	(13)%
Corporate core losses	(55)	(63)	(13)%	(313)	(299)	5%
CONSOLIDATED	265	301	(12)%	1,403	1,116	26%
Core earnings
Add: DAC unlock impact on net income (loss) after tax	42	5	NM	31	(473)	NM
Add: Restructuring and other costs, after tax	(58)	(7)	NM	(129)	(16)	NM
Add: Income (loss) from discontinued operations after tax	(1)	1	NM	(5)	86	NM
Add: Loss on extinguishment of debt, after tax	—	—	—%	(587)	—	—%
Add: Net realized capital gains (losses), after tax and DAC, excluded from core earnings [1]	(294)	(182)	62%	(363)	(1)	NM
Net income (loss)	(46)	118	NM	350	712	(51)%
PER SHARE DATA
Diluted earnings (losses) per common share
Core earnings available to common shareholders and assumed conversion of preferred shares	$0.54	$0.61	(11)%	$2.88	$2.24	29%
Less: Difference arising from shares used for the denominator between net loss and core earnings	0.01	—	—%	—	—	—%
Add: DAC unlock impact on net income (loss) after tax	0.09	0.01	NM	0.07	(0.99)	NM
Add: Restructuring and other costs, after tax	(0.12)	(0.01)	NM	(0.28)	(0.03)	NM
Add: Income (loss) from discontinued operations	—	—	—%	(0.01)	0.18	NM
Add: Loss on extinguishment of debt, after tax	—	—	—%	(1.26)	—	—%
Add: Net realized capital gains (losses), after tax and DAC, excluded from core earnings [1]	(0.63)	(0.39)	62%	(0.78)	(0.01)	NM
Less: Assumed conversion of preferred dividends	—	(0.01)	(100)%	(0.04)	(0.01)	NM
Net income (loss) available to common shareholders	(0.13)	0.23	NM	0.66	1.40	(53)%
Talcott Resolution DAC unlock impact on net income (loss)	42	5	NM	31	(473)	NM

[1] NM: The Hartford defines increases or decreases greater than or equal to 200% or changes from a net

gain to a net loss position, or vice versa, as “NM” or “not meaningful.”

22

DISCUSSION OF NON-GAAP FINANCIAL MEASURES

The Hartford uses non-GAAP financial measures in this press release 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 financial measures to those of other companies. Definitions and calculations of other financial measures used in this press release can be found below and in The Hartford's Investor Financial Supplement for the fourth quarter of 2012, which is available on The Hartford's website, http://ir.thehartford.com.

Book value per diluted common share excluding accumulated other comprehensive income ("AOCI”): Book value per diluted common share excluding AOCI is a non-GAAP financial measure based on a GAAP financial measure. It is calculated by dividing (a) common stockholders' equity excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. The Hartford provides book value per diluted common share excluding AOCI to enable investors to analyze the company’s stockholders’ equity excluding the effect of changes in the value of the company’s investment portfolio and other assets due to interest rates, currency and other factors. The Hartford believes book value per diluted 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 market value. Stockholders’ equity per diluted common share is the most directly comparable GAAP measure. A reconciliation of stockholders’ equity per diluted common share to book value per diluted common share excluding AOCI as of December 31,
2012 and December 31,
2011, is set forth below.

	As of
	December 31, 2012	December 31, 2011	Change
Stockholders’ equity per diluted common share, including AOCI	$46.59	$44.31	5%
Less: Per share impact of AOCI	5.80	2.58	125%
Book value per diluted common share, excluding AOCI	$40.79	$41.73	(2)%

Combined ratio before catastrophes and prior year development: Combined ratio before catastrophes and prior year development is a non-GAAP financial measure. Combined ratio is the most directly comparable GAAP measure. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. This ratio measures the cost of losses and expenses for every $100 of earned premiums. A combined ratio below 100% demonstrates a positive underwriting result. A combined ratio above 100% indicates a negative underwriting result*. The combined ratio before catastrophes and prior year development represents the combined ratio for the current accident year, excluding the impact of catastrophes and prior year development. The company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve. A reconciliation of the combined ratio to the combined ratio before catastrophes and prior year development is provided in the table below.

23

	Three Months Ended				For The Years Ended
	December 31, 2012		December 31, 2011		December 31, 2012		December 31, 2011
P&C Commercial
Combined ratio	112.3		109.0		102.9		104.6
Catastrophe ratio	13.4		1.3		4.6		5.4
Non-catastrophe prior year development	1.1		6.7		1.7		1.8
Combined ratio before PYD & catastrophes	97.8		101.1		96.6		97.3
Consumer Markets
Combined ratio	102.3		90.5		97.4		101.3
Catastrophe ratio	13.8		(0.4	)	9.7		12.0
Non-catastrophe prior year development	(1.5	)	(1.5	)	(3.1	)	(2.7	)
Combined ratio before PYD & catastrophes	90.0		92.4		90.8		91.9

Core Earnings: The Hartford uses the non-GAAP financial measure core earnings as an important measure of the Company's operating performance. The Hartford believes that core earnings provides investors with a measure of the performance of the company's operating insurance and financial services businesses before the net effect of certain realized capital gains and losses, discontinued operations, DAC unlock, restructuring and other expenses and loss from the extinguishment of debt, which better enables investors to see fundamental trends in the operating businesses.In the fourth quarter of 2012, the company changed the definition of core earnings to also excludeadditional items that may obscure trends in our businesses, including restructuring charges and the impact of Unlocks to deferred policy acquisition costs (“DAC”), sales inducement assets ("SIA"), unearned revenue reserve ("URR") and death and other insurance benefit reserve balances. 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 (after tax and the effects of 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. 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 core earnings to net income as of December 31,
2012 and December 31,
2011, is included in this press release. A reconciliation of core earnings to net income for individual reporting segments can be found in The Hartford's Investor Financial Supplement for the fourth quarter of 2012.

Core earnings available to shareholders per diluted share: Core earnings available to common shareholders per diluted share is calculated based on the non-GAAP financial measure core earnings. It is calculated by dividing (a) core earnings, by (b) diluted shares outstanding. The Hartford believes that the measure core earnings per diluted share provides investors with a

24

valuable measure of the company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income per diluted common share is the most directly comparable GAAP measure. Core earnings available to shareholders per diluted share should not be considered as a substitute for net income per diluted 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 diluted share and core earnings available to shareholders per share when reviewing the company's performance. A reconciliation of core earnings available to common shareholders per diluted share to net income per diluted common share as of December 31,
2012 and December 31,
2011 is included in this press release under the heading “The Hartford Financial Services Group, Inc. Results By Segment.”

Underwriting gain (loss): The Hartford's management evaluates profitability of the P&C Commercial and Consumer Markets segments primarily on the basis of underwriting gain or loss. Underwriting gain (loss) is a before-tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income (loss) is the most directly comparable GAAP measure. Underwriting gain (loss) is 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, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that the measure underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the company's investing activities. A reconciliation of underwriting results to net income as of December 31,
2012 and December 31,
2011, is set forth below.

25

	Three Months Ended		For The Years Ended
	December 31, 2012	December 31, 2011	December 31, 2012	December 31, 2011
P&C Commercial
Net income	$45	$32	$547	$526
Less: Income (loss) from discontinued operations, after tax	(1)	(5)	(5)	150
Less: Net realized capital gains (losses)	30	11	67	(50)
Add: Income tax expense	(9)	(13)	159	37
Less: Net servicing income	4	7	17	13
Less: Goodwill impairment	—	(30)	—	(30)
Less: Other expenses	(32)	(35)	(115)	(151)
Less: Net investment income	228	212	924	910
Underwriting gain (loss)	$(193)	$(141)	$(182)	$(279)
Consumer Markets
Net income	$14	$87	$166	$7
Less: Net realized capital gains (losses)	5	1	12	(11)
Add: Income tax expense	1	41	65	(22)
Less: Net servicing income	11	6	23	19
Less: Other expenses	(17)	(9)	(56)	(162)
Less: Net investment income	37	42	159	187
Underwriting gain (loss)	$(21)	$88	$93	$(48)

SAFE HARBOR STATEMENT

Some of the statements in this release should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “projects” and similar references to the future. Examples of forward-looking statements include, but are not limited to, statements the company makes regarding future results of operations. The Hartford cautions 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: challenges related to the company's current operating environment, including continuing uncertainty about the strength and speed of the recovery in the United States and other key economies and the impact of governmental stimulus and austerity initiatives, sovereign credit concerns, a sustained low interest rate environment, higher tax rates and other potentially adverse developments on financial, commodity and credit markets and consumer and business spending and investment and the effect of these events on our returns in investment portfolios and our hedging costs associated with our variable annuities business; the risks, challenges and uncertainties associated with our strategic realignment to focus on our property and casualty, group benefits and mutual fund businesses, place our Individual Annuity business into run-off and sell the Individual Life, Woodbury Financial Services and the Retirement Plans businesses, including potential constraints on our ability to deploy capital as and when planned; execution risk related to the continued repositioning of our investment portfolios and refinement of our hedge program for our run-off annuity block; market

26

risks associated with our business, including changes in interest rates, credit spreads, equity prices, market volatility and foreign exchange rates, and implied volatility levels, as well as continuing uncertainty in key sectors such as the global real estate market; the possibility of unfavorable loss development including with respect to long-tailed exposures; the possibility of a pandemic, earthquake, or other natural or man-made disaster that may adversely affect our businesses; weather and other natural physical events, including the severity and frequency of storms, hail, winter storms, hurricanes and tropical storms, as well as climate change and its potential impact on weather patterns; risk associated with the use analytical models in making decisions in key areas such as underwriting, capital, reserving, and catastrophe risk management; the uncertain effects of emerging claim and coverage issues; the Company's ability to effectively price its property and casualty policies, including its ability to obtain regulatory consents to pricing actions or to non-renewal or withdrawal of certain product lines; the impact on our statutory capital of various factors, including many that are outside the Company's control, which can in turn affect our credit and financial strength ratings, cost of capital, regulatory compliance and other aspects of our business and results; risks to our business, financial position, prospects and results associated with negative rating actions or downgrades in the Company's financial strength and credit ratings or negative rating actions or downgrades relating to our investments; the impact on our investment portfolio if our investment portfolio is concentrated in any particular segment of the economy; volatility in our earnings and potential material changes to our results resulting from our adjustment of our risk management program to emphasize protection of economic value; the potential for differing interpretations of the methodologies, estimations and assumptions that underlie the valuation of the Company's financial instruments that could result in changes to investment valuations; the subjective determinations that underlie the Company's evaluation of other-than-temporary impairments on available-for-sale securities; losses due to nonperformance or defaults by others; the potential for further acceleration of deferred policy acquisition cost amortization; the potential for further impairments of our goodwill or the potential for changes in valuation allowances against deferred tax assets; the possible occurrence of terrorist attacks and the Company's ability to contain its exposure, including the effect of the absence or insufficiency of applicable terrorism legislation on coverage; the difficulty in predicting the Company's potential exposure for asbestos and environmental claims; the response of reinsurance companies under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the Company against losses; actions by our competitors, many of which are larger or have greater financial resources than we do; the Company's ability to distribute its products through distribution channels, both current and future; the cost and other effects of increased regulation as a result of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which, among other effects, vests a Financial Services Oversight Council with the power to designate “systemically important” institutions, will require central clearing of, and/or impose new margin and capital requirements on, derivatives transactions, and created a new “Federal Insurance Office” within the U.S. Department of the Treasury; unfavorable judicial or legislative developments; the potential effect of other domestic and foreign regulatory developments, including those that could adversely impact the demand for the Company's products, operating costs and required capital levels; regulatory limitations on the ability of the Company and certain of its subsidiaries to declare and pay dividends; the Company's ability to maintain the availability of its systems and safeguard the security of its data in the event of a disaster, cyber or other information security incident or other unanticipated event; the risk that our framework for managing operational risks may not be effective in mitigating material risk and loss to the Company; the potential for difficulties arising from outsourcing relationships; the impact of changes in federal or state tax laws; regulatory requirements that could delay, deter or prevent a takeover attempt that shareholders might consider in their best interests; the impact of potential changes in accounting principles and related financial reporting requirements; the Company's ability to protect its intellectual property and defend against claims of infringement; and other

27

factors described in such forward-looking statements and other factors described in The Hartford's 2011 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and Sept. 30, 2012, and other filings The Hartford makes with the Securities and Exchange Commission.

Any forward-looking statement made by the company in this release speaks only as of the date of this release. Factors or events that could cause the company's actual results to differ may emerge from time to time, and it is not possible for the company to predict all of them. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

28

EX-99.2

INVESTOR FINANCIAL SUPPLEMENT

December 31, 2012

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

	As of February 1, 2013
Address:
One Hartford Plaza		A.M. Best	Fitch	Standard & Poor’s	Moody’s
Hartford, CT 06155	Insurance Financial Strength Ratings:
	Hartford Fire Insurance Company	A	A+	A	A2
	Hartford Life Insurance Company	A	A-	A-	A3
Internet address:	Hartford Life and Accident Insurance Company	A	A-	A-	A3
http://www.thehartford.com	Hartford Life and Annuity Insurance Company	A	A-	BBB+	A3
	Other Ratings:
	The Hartford Financial Services Group, Inc.:
Contacts:	Senior debt	bbb+	BBB	BBB	Baa3
Sabra Purtill	Commercial paper	AMB-2	F2	A-2	P-3
Senior Vice President
Investor Relations
Phone (860) 547-8691
Sean Rourke	TRANSFER AGENT
Assistant Vice President	Shareholder correspondence should be mailed to:	Overnight correspondence should be mailed to:
Investor Relations	Computershare	Computershare
Phone (860) 547-5688	P.O. Box 43006	250 Royall Street
	Providence, RI 02940-3006	Canton, MA 02021
	Phone (877) 272-7740

COMMON STOCK

Common stock and warrants of The Hartford Financial Services Group, Inc. are traded on the New York Stock Exchange under the symbols “HIG” and "HIG/WS", respectively.

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, without limitation, the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTOR FINANCIAL SUPPLEMENT

TABLE OF CONTENTS

	Basis of Presentation	i
CONSOLIDATED	Consolidated Financial Results	1	MUTUAL FUNDS	Income Statements	21
	Operating Results by Segment	2		Supplemental Data	22
	Consolidated Statements of Operations	3		Supplemental Data - Asset Value Rollforward	23
	Consolidating Balance Sheets	4
	Capital Structure	5
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	6
	Accumulated Other Comprehensive Loss	7
	Deferred Policy Acquisition Costs and Present Value of Future Profits	8	TALCOTT RESOLUTION	Financial Highlights	24
	Unpaid Loss And Loss Adjustment Expense Reserve Rollforward	9		Supplemental Data	25
				U.S. Annuity
				Supplemental Data - Account Value Rollforward	26
				International Annuity
PROPERTY & CASUALTY	Income Statements	10		Supplemental Data - Account Value Rollforward	27
	Underwriting Ratios	11		Supplemental Data - Annuity Death and Income Benefits	28
	Property & Casualty Commercial			Variable Annuity Guaranteed Benefits	29
	Underwriting Results	12
	Underwriting Ratios	13
	Supplemental Data	14
	Consumer Markets		CORPORATE	Income Statements	30
	Underwriting Results	15
	Underwriting Ratios	16
	Written and Earned Premiums	17
	P&C Other Operations		CONSOLIDATED INVESTMENTS	Investment Earnings Before-tax	31
	Underwriting Results	18		Net Investment Income by Segment	32
				Analysis of Net Realized Capital Gains (Losses) after tax and DAC	33
				Composition of Invested Assets	34
GROUP BENEFITS	Income Statements	19		Invested Asset Exposures	35
	Supplemental Data	20

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.

In 2012, The Hartford Financial Services Group, Inc (the “Company”, “we”, or “our”) concluded an evaluation of its strategy and business portfolio. The Company currently conducts business principally in six reporting segments, Property & Casualty Commercial, Consumer Markets, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution, as well as a Corporate category. Starting in the fourth quarter of 2012, financial results for the former Individual Life and Retirement Plans segments are reported in the Talcott Resolution segment (formerly Life Other Operations).

Property & Casualty ("P&C") is organized into three reporting segments; P&C Commercial, Consumer Markets and P&C Other Operations. P&C Commercial provides workers' compensation, property, automobile, liability and umbrella coverages under several different products, primarily throughout the United States (“U.S.”), within its standard commercial lines, which consists of the Company's small commercial and middle market lines of business. Additionally, a variety of customized insurance products and risk management services including workers' compensation, automobile, general liability, professional liability, fidelity, surety, livestock and specialty casualty coverages are offered through the segment's specialty lines. 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. P&C Other Operations includes certain property and casualty operations, currently managed by the Company, that have discontinued writing new business and substantially all of the Company's asbestos and environmental exposures.

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.

Mutual Funds offers mutual funds for retail accounts such as retirement plans and 529 college savings plans and provides investment-management and administrative services such as product design, implementation and oversight.

Talcott Resolution includes U.S. Annuity, International Annuity, Institutional, Private Placement Life Insurance and the former Individual Life and Retirement Plans businesses, previously reported in Wealth Management.

The Company includes in Corporate the Company's debt financing and related interest expense, as well as other capital raising activities; banking operations; 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 P&C. Life consists of the Mutual Funds, Group Benefits, Talcott Resolution, and an Other category. P&C consists of the P&C Commercial, Consumer Markets and P&C Other Operations. 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 Company's business. These measures include sales, deposits, net flows, account value, insurance in-force, premium retention, renewal written price increases and policy count retention. Premium retention is defined as renewal premium written in the current period divided by total premium written in the prior period. Renewal written price increases represents the combined effect of rate changes and amount of insurance per unit of exposure since the prior year. It does not include other factors that affect average premium per unit of exposure such as changes in the mix of business by state, territory, class plan and tier of risk. Policy count retention represents the ratio of the number of policies renewed during the period divided by the number of policies from the previous policy term period.

The Company, 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 Company, 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 after 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.

i

Assets under management (“AUM”) include account values and mutual funds assets. 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 account value whether caused by changes in capital markets or through net flows.

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.

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES

The Company 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 Company's calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing the Company's non-GAAP and other financial measures to those of other companies.

The Company uses the non-GAAP financial measure core earnings as an important measure of the Company's operating performance. We believe 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, discontinued operations, loss on extinguishment of debt. In the fourth quarter of 2012, the Company changed the definition of core earnings to also exclude additional items that may obscure trends in our businesses, including restructuring charges and the impact of Unlocks to deferred policy acquisition costs (“DAC”), sales inducement assets ("SIA"), unearned revenue reserve ("URR") and death and other insurance benefit reserve balances. 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 (after tax and the effects of DAC) that tend to be highly variable from period to period based on capital market conditions. We believe, 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. 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, we believe 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. We believe 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, we believe that it is useful for investors to evaluate both net income per share and core earnings per share when reviewing our performance.

Written premiums is a statutory accounting financial measure used by the Company as an important indicator of the operating performance of the Company's P&C 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 Company believes it is useful to investors because it reflects current trends in the Company'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 P&C Commercial and Consumer Markets is set forth at pages 12 and 15, respectively.

The Company's management evaluates profitability of the P&C businesses primarily on the basis of underwriting gain (loss). Underwriting gain (loss) 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 gain (loss) is influenced significantly by earned premium growth and the adequacy of the Company's pricing. Underwriting profitability over time is also greatly influenced by the Company'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. We believe that underwriting gain (loss) 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 gain (loss) to net income for the P&C businesses is set forth at page 10.

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 Company believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings.

ROA, core earnings is a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, certain of the segment's operating performance. ROA is the most directly comparable U.S. GAAP measure. We believes that the measure ROA, core earnings, provides investors with a valuable measure of the performance of certain of the Company's on-going businesses because it reveals trends in our businesses that may be obscured by the effect of realized gains (losses). ROA, core earnings, should not be considered as a substitute for ROA and does not reflect the overall profitability of our businesses. Therefore, we believe it is important for investors to evaluate both ROA, core earnings, and ROA when reviewing the Company's performance.

ii

After-tax margin, excluding buyouts and realized gains (losses), is a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, the Group Benefits segment's operating performance. after-tax margin is the most directly comparable U.S. GAAP measure. We believe that the measure after-tax margin, excluding buyouts and realized gains (losses), provides investors with a valuable measure of the performance of certain of the Company's on-going businesses because it reveals trends in those businesses that may be obscured by the effect of realized gains (losses). After-tax margin, excluding buyouts and realized gains (losses), should not be considered as a substitute for after-tax margin and does not reflect the overall profitability of our businesses. Therefore, we believe it is important for investors to evaluate both after-tax margin, excluding buyouts and realized gains (losses), and after-tax margin when reviewing the Company's performance. After-tax margin, excluding buyouts and realized gains (losses) is calculated by dividing core earnings excluding buyouts and realized gains (losses) by total core revenues excluding buyouts and realized gains (losses).

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, after tax, by (b) common shares outstanding. The Company 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. We believe 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, after tax, by (b) common shares outstanding and dilutive potential common shares. The Company 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. We believe 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 Company provides different measures of the return on common equity (“ROE”). 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 Company 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 Company 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.

iii

CONSOLIDATED

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED FINANCIAL RESULTS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
HIGHLIGHTS
Net income (loss) [1]	$	(46	)	$	401		$	(101	)	$	96		$	118		$	60		$	33		$	501		$	350		$	712
Core earnings	$	265		$	435		$	277		$	426		$	301		$	266		$	31		$	518		$	1,403		$	1,116
Total revenues [2]	$	7,735		$	6,442		$	4,574		$	7,661		$	5,638		$	4,520		$	5,401		$	6,300		$	26,412		$	21,859
Total assets	$	298,710		$	308,918		$	303,977		$	310,548		$	302,609		$	304,188		$	315,957		$	320,987
PER SHARE AND SHARES DATA
Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	(0.13	)	$	0.90		$	(0.26	)	$	0.20		$	0.24		$	0.11		$	0.05		$	1.10		$	0.70		$	1.51
Core earnings available to common shareholders	$	0.58		$	0.98		$	0.61		$	0.94		$	0.65		$	0.57		$	0.04		$	1.14		$	3.11		$	2.41
Diluted earnings (losses) per common share [3]
Net income (loss) available to common shareholders [4]	$	(0.13	)	$	0.83		$	(0.26	)	$	0.18		$	0.23		$	0.11		$	0.05		$	0.99		$	0.66		$	1.40
Core earnings available to common shareholders	$	0.54		$	0.90		$	0.57		$	0.87		$	0.61		$	0.54		$	0.04		$	1.02		$	2.88		$	2.24
Weighted average common shares outstanding (basic)	436.2			435.8			438.2			440.7			445.1			445.3			445.1			444.6			437.7			445.0
Dilutive effect of stock compensation	3.0			2.1			1.5			1.9			0.7			0.7			1.0			1.8			2.2			1.1
Dilutive effect of warrants	28.7			23.8			25.1			26.4			23.1			27.4			36.3			41.1			26.0			31.9
Weighted average common shares outstanding and dilutive potential common shares (diluted), before assumed conversion of preferred shares	467.9			461.7			464.8			469.0			468.9			473.4			482.4			487.5			465.9			478.0
Dilutive effect of assumed conversion of preferred shares [4]	21.0			21.0			21.0			20.9			20.7			20.7			—			20.7			20.9			20.7
Weighted average common shares outstanding and dilutive potential common shares (diluted) and assumed conversion of preferred shares	488.9			482.7			485.8			489.9			489.6			494.1			482.4			508.2			486.8			498.7
Common shares outstanding	436.3			436.1			435.6			440.9			442.5			445.5			445.3			445.1			436.3			442.5
Book value per common share	$	51.06		$	52.31		$	49.14		$	46.99		$	47.30		$	46.70		$	44.02		$	42.44
Per common share impact of accumulated other comprehensive income ("AOCI")	$	6.51		$	7.55		$	5.18		$	3.01		$	2.83		$	2.59		$	(0.06	)	$	(1.66	)
Book value per common share (excluding AOCI)	$	44.55		$	44.76		$	43.96		$	43.98		$	44.47		$	44.11		$	44.08		$	44.10
Book value per diluted share	$	46.59		$	48.13		$	45.59		$	43.25		$	44.31		$	43.81		$	40.09		$	38.50
Per diluted share impact of AOCI	$	5.80		$	6.78		$	4.68		$	2.70		$	2.58		$	2.37		$	(0.05	)	$	(1.46	)
Book value per diluted share (excluding AOCI)	$	40.79		$	41.35		$	40.91		$	40.55		$	41.73		$	41.44		$	40.14		$	39.96
Common shares outstanding and dilutive potential common shares	490.1			485.5			481.7			491.9			484.9			487.6			502.8			505.1
FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI)	1.6		%	2.3		%	0.8		%	1.5		%	3.5		%	5.9		%	9.8		%	10.3		%
ROE (core earnings last 12 months to common stockholder equity excluding AOCI)	7.0		%	7.1		%	6.4		%	5.1		%	5.6		%	6.7		%	8.5		%	9.9		%
Debt to capitalization, including AOCI	23.8		%	23.4		%	24.5		%	22.6		%	22.4		%	23.6		%	24.7		%	25.4		%
Annualized investment yield, after tax	2.9		%	2.9		%	3.1		%	3.0		%	2.8		%	2.9		%	3.1		%	3.2		%	3.0		%	3.0		%

[1] Includes a loss on extinguishment of debt of $587, after tax, recognized in the second quarter of 2012 related to the repurchase of all outstanding 10% fixed-to-floating rate junior subordinated debentures due 2068 with a $1.75 billion aggregate principal amount held by Allianz. The loss consisted of the premium associated with repurchasing the 10% Debentures at an amount greater than the face amount, the write-off of the unamortized discount and debt issuance costs related to the 10% Debentures and other costs related to the repurchase transaction.

[2] 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.

[3] As a result of anti-dilutive impact, in periods of a loss, weighted average common shares outstanding (basic) are used in the calculation of diluted earnings per share.

[4] The impact of applying the "if-converted" method to the The Hartford's mandatory convertible preferred stock was anti-dilutive to net income available to common shareholders and therefore these shares were excluded from the calculation for the three months ended March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011 and the years ended December 31, 2012 and 2011.

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.)

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
P&C Commercial	$	26		$	161		$	162		$	162		$	29		$	87		$	96		$	177		$	511		$	389
Consumer Markets	11			93			(47		)	102			85			(10		)	(177		)	111			159			9
P&C Other Operations	17			21			(14		)	20			16			9			(167		)	23			44			(119		)
Total Property & Casualty core earnings (losses)	$	54		$	275		$	101		$	284		$	130		$	86		$	(248	)	$	311		$	714		$	279
Group Benefits core earnings	39			23			34			5			17			20			30			19			101			86
Mutual Funds core earnings	16			19			19			20			20			24			27			27			74			98
Talcott Resolution core earnings	211			194			203			219			197			210			305			240			827			952
Corporate core losses	(55		)	(76		)	(80		)	(102		)	(63		)	(74		)	(83		)	(79		)	(313		)	(299		)
CONSOLIDATED CORE EARNINGS	$	265		$	435		$	277		$	426		$	301		$	266		$	31		$	518		$	1,403		$	1,116
Add: Unlock impact on net income (loss)	$	42		$	(79	)	$	(146	)	$	214		$	5		$	(469	)	$	(66	)	$	57		$	31		$	(473	)
Add: Restructuring and other costs, after tax	(58		)	(34		)	(31		)	(6		)	(7		)	(9		)	—			—			(129		)	(16		)
Add: Income (loss) from discontinued operations	(1		)	(2		)	(1		)	(1		)	1			3			(80		)	162			(5		)	86
Add: Loss on extinguishment of debt, after tax	—			—			(587		)	—			—			—			—			—			(587		)	—
Less: Net realized capital gains (losses), after tax and DAC, excluded from core earnings	(294		)	81			387			(537		)	(182		)	269			148			(236		)	(363		)	(1		)
Net income (loss)	$	(46	)	$	401		$	(101	)	$	96		$	118		$	60		$	33		$	501		$	350		$	712
PER SHARE DATA
Diluted earnings (losses) per common share
Core earnings available to common shareholders	$	0.54		$	0.90		$	0.57		$	0.87		$	0.61		$	0.54		$	0.04		$	1.02		$	2.88		$	2.24
Net income (loss) available to common shareholders	$	(0.13	)	$	0.83		$	(0.26	)	$	0.18		$	0.23		$	0.11		$	0.05		$	0.99		$	0.66		$	1.40

[1] Includes net realized capital gains (losses) excluded from core earnings. See page 33 for further analysis.

2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Earned premiums	$	3,388		$	3,401		$	3,400		$	3,442		$	3,506		$	3,518		$	3,545		$	3,519		$	13,631		$	14,088
Fee income	1,066			1,118			1,114			1,134			1,130			1,192			1,219			1,209			4,432			4,750
Net investment income (loss):
Securities available-for-sale and other	1,040			1,030			1,097			1,070			998			1,062			1,104			1,108			4,237			4,272
Equity securities, trading [1]	2,676			710			(1,687		)	2,866			325			(1,890		)	(597		)	803			4,565			(1,359		)
Total net investment income (loss)	$	3,716		$	1,740		$	(590	)	$	3,936		$	1,323		$	(828	)	$	507		$	1,911		$	8,802		$	2,913
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses [2]	(188		)	(59		)	(106		)	(36		)	(42		)	(71		)	(31		)	(119		)	(389		)	(263		)
OTTI losses recognized in other comprehensive income	3			22			8			7			6			11			8			64			40			89
Net OTTI losses recognized in earnings	$	(185	)	$	(37	)	$	(98	)	$	(29	)	$	(36	)	$	(60	)	$	(23	)	$	(55	)	$	(349	)	$	(174	)
Net realized capital gains (losses), excluding OTTI losses recognized in earnings	(324		)	156			687			(881		)	(350		)	635			92			(348		)	(362		)	29
Total net realized capital gains (losses)	$	(509	)	$	119		$	589		$	(910	)	$	(386	)	$	575		$	69		$	(403	)	$	(711	)	$	(145	)
Other revenues	74			64			61			59			65			63			61			64			258			253
Total revenues	$	7,735		$	6,442		$	4,574		$	7,661		$	5,638		$	4,520		$	5,401		$	6,300		$	26,412		$	21,859
Benefits, losses and loss adjustment expenses	3,320			3,271			3,621			3,038			3,465			4,006			3,976			3,178			13,250			14,625
Benefits, losses and loss adjustment expenses—returns credited on international variable annuities [1]	2,676			710			(1,686		)	2,864			324			(1,889		)	(597		)	803			4,564			(1,359		)
Amortization of DAC	547			566			554			321			397			1,005			592			450			1,988			2,444
Insurance operating costs and other expenses	1,252			1,222			1,261			1,303			1,206			1,273			1,452			1,354			5,038			5,285
Loss on extinguishment of debt	—			—			910			—			—			—			—			—			910			—
Interest expense	109			109			115			124			124			128			128			128			457			508
Goodwill impairment	—			—			—			—			30			—			—			—			—			30
Restructuring and other costs [3]	89			53			48			9			11			14			—			—			199			25
Total benefits and expenses	$	7,993		$	5,931		$	4,823		$	7,659		$	5,557		$	4,537		$	5,551		$	5,913		$	26,406		$	21,558
Income (loss) from continuing operations before income taxes	(258		)	511			(249		)	2			81			(17		)	(150		)	387			6			301
Income tax expense (benefit)	(213		)	108			(149		)	(95		)	(36		)	(74		)	(263		)	48			(349		)	(325		)
Income (loss) from continuing operations, after tax	$	(45	)	$	403		$	(100	)	$	97		$	117		$	57		$	113		$	339		$	355		$	626
Income (loss) from discontinued operations, after tax	(1		)	(2		)	(1		)	(1		)	1			3			(80		)	162			(5		)	86
Net income (loss)	$	(46	)	$	401		$	(101	)	$	96		$	118		$	60		$	33		$	501		$	350		$	712
Less: Unlock impacts on net income (loss) [4]	42			(79		)	(146		)	214			5			(469		)	(66		)	57			31			(473		)
Less: Restructuring and other costs, after tax	(58		)	(34		)	(31		)	(6		)	(7		)	(9		)	—			—			(129		)	(16		)
Less: Income (loss) from discontinued operations, after tax	(1		)	(2		)	(1		)	(1		)	1			3			(80		)	162			(5		)	86
Less: Loss on extinguishment of debt, after tax	—			—			(587		)	—			—			—			—			—			(587		)	—
Less: Net realized capital gains (losses), after tax and DAC, excluded from core earnings	(294		)	81			387			(537		)	(182		)	269			148			(236		)	(363		)	(1		)
Core earnings	$	265		$	435		$	277		$	426		$	301		$	266		$	31		$	518		$	1,403		$	1,116

[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] Includes $177 of intent-to-sell impairment losses relating to the sales of the Retirement Plans and Individual Life businesses for the three months and year ended December 31, 2012.

[3] Restructuring and other costs is comprised of severance benefits and related costs, professional fees, asset impairment charges and other contract termination charges.

[4] The Unlock recorded in the periods presented affected each income statement line item as follows:

Earned premiums	$	(5	)	$	(3	)	$	1		$	—		$	1		$	(3	)	$	1		$	—		$	(7	)	$	(1	)
Fee income	7			14			7			(2		)	14			22			5			(1		)	26			40
Benefits, losses and loss adjustment expenses	(163		)	56			143			(208		)	(22		)	409			16			(49		)	(172		)	354
Amortization of DAC and present value of future profits	100			79			89			(124		)	32			336			89			(38		)	144			419
Income tax expense (benefit)	23			(45		)	(78		)	116			—			(257		)	(33		)	29			16			(261		)
Net income (loss)	$	42		$	(79	)	$	(146	)	$	214		$	5		$	(469	)	$	(66	)	$	57		$	31		$	(473	)

3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

AS OF DECEMBER 31, 2012 AND 2011

	LIFE [1]					PROPERTY & CASUALTY [1]				CORPORATE [1]						CONSOLIDATED
	Dec. 31, 2012			Dec. 31, 2011		Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2012			Dec. 31, 2011			Dec. 31, 2012		Dec. 31, 2011
Investments
Fixed maturities, available-for-sale, at fair value	$	58,889		$	55,633	$	26,491	$	26,023	$	542		$	153		$	85,922	$	81,809
Fixed maturities, at fair value using the fair value option	1,075			1,317		12		11		—			—			1,087		1,328
Equity securities, trading, at fair value	28,933			30,499		—		—		—			—			28,933		30,499
Equity securities, available-for-sale, at fair value	512			515		263		302		115			104			890		921
Mortgage loans	5,661			4,979		1,050		749		—			—			6,711		5,728
Policy loans, at outstanding balance	1,997			2,001		—		—		—			—			1,997		2,001
Limited partnerships and other alternative investments	1,452			1,318		1,563		1,214		—			—			3,015		2,532
Other investments	961			2,244		130		121		23			29			1,114		2,394
Short-term investments	2,947			5,641		802		658		832			1,437			4,581		7,736
Total investments	$	102,427		$	104,147	$	30,311	$	29,078	$	1,512		$	1,723		$	134,250	$	134,948
Cash	2,231			2,377		190		203		—			1			2,421		2,581
Premiums receivable and agents’ balances	344			344		3,198		3,102		—			—			3,542		3,446
Reinsurance recoverables	1,912			2,022		2,754		2,746		—			—			4,666		4,768
DAC	5,177			6,000		548		556		—			—			5,725		6,556
Deferred income taxes	(90		)	174		395		800		1,492			1,157			1,797		2,131
Goodwill	460			470		119		119		417			417			996		1,006
Property and equipment, net	348			388		620		632		9			9			977		1,029
Other assets	1,600			1,070		967		1,205		200			(1		)	2,767		2,274
Separate account assets	141,569			143,870		—		—		—			—			141,569		143,870
Total assets	$	255,978		$	260,862	$	39,102	$	38,441	$	3,630		$	3,306		$	298,710	$	302,609
Future policy benefits, unpaid losses and loss adjustment expenses	19,276			19,466		21,716		21,550		—			—			$	40,992	$	41,016
Other policyholder funds and benefits payable	41,979			45,612		—		—		—			—			41,979		45,612
Other policyholder funds and benefits payable— International variable annuities	28,922			30,461		—		—		—			—			28,922		30,461
Unearned premiums	174			182		4,972		5,041		(1		)	(1		)	5,145		5,222
Debt	—			—		—		—		7,126			6,216			7,126		6,216
Consumer notes	161			314		—		—		—			—			161		314
Other liabilities	6,609			5,152		1,675		1,831		1,697			1,429			9,981		8,412
Separate account liabilities	141,569			143,870		—		—		—			—			141,569		143,870
Total liabilities	$	238,690		$	245,057	$	28,363	$	28,422	$	8,822		$	7,644		$	275,875	$	281,123
Common equity, excluding AOCI	14,446			13,943		9,332		9,393		(4,342		)	(3,657		)	19,436		19,679
Preferred stock	—			—		—		—		556			556			556		556
AOCI, after tax	2,842			1,862		1,407		626		(1,406		)	(1,237		)	2,843		1,251
Total stockholders’ equity	17,288			15,805		10,739		10,019		(5,192		)	(4,338		)	22,835		21,486
Total liabilities and equity	$	255,978		$	260,862	$	39,102	$	38,441	$	3,630		$	3,306		$	298,710	$	302,609

[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

	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011
DEBT
Short-term debt	$	320		$	320		$	—		$	—		$	—		$	400		$	400		$	400
Senior notes	5,706			5,706			6,025			4,481			4,481			4,480			4,480			4,480
Junior subordinated debentures	1,100			1,100			1,100			1,739			1,735			1,737			1,734			1,730
Total debt [1][2]	$	7,126		$	7,126		$	7,125		$	6,220		$	6,216		$	6,617		$	6,614		$	6,610
STOCKHOLDERS’ EQUITY
Common stockholders' equity, excluding AOCI	$	19,436		$	19,519		$	19,149		$	19,390		$	19,679		$	19,651		$	19,627		$	19,629
Preferred stock	556			556			556			556			556			556			556			556
AOCI	2,843			3,295			2,256			1,328			1,251			1,155			(25		)	(738		)
Total stockholders’ equity	$	22,835		$	23,370		$	21,961		$	21,274		$	21,486		$	21,362		$	20,158		$	19,447
CAPITALIZATION
Total capitalization, including AOCI, after tax	$	29,961		$	30,496		$	29,086		$	27,494		$	27,702		$	27,979		$	26,772		$	26,057
Total capitalization, excluding AOCI, after tax	$	27,118		$	27,201		$	26,830		$	26,166		$	26,451		$	26,824		$	26,797		$	26,795
DEBT TO CAPITALIZATION RATIOS [2]
Total debt to capitalization, including AOCI	23.8		%	23.4		%	24.5		%	22.6		%	22.4		%	23.6		%	24.7		%	25.4		%
Total debt to capitalization, excluding AOCI	26.3		%	26.2		%	26.6		%	23.8		%	23.5		%	24.7		%	24.7		%	24.7		%
Total rating agency adjusted debt to capitalization [3] [4]	27.1		%	26.0		%	27.3		%	26.5		%	26.5		%	27.4		%	28.6		%	29.5		%

[1] On April 5, 2012, the Company issued $1.55 billion aggregate principal amount of senior notes and $600 of junior subordinated debentures. The Company used the proceeds from these debt issuances to repurchase all of the outstanding 10% fixed to floating rate junior subordinated debentures due 2068 with a $1.75 billion aggregate principal amount held by Allianz SE for $2.125 billion.

[2] The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $161, $190, $254, $310, $314, $349, $368 and $382 as of December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively.

[3] 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 $1.7 billion, $1.5 billion, $1.5 billion, $1.5 billion, $1.6 billion, $1.5 billion, $1.5 and $1.6 billion for the three months ended December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively.

[4] Reflects 25% equity credit for the junior subordinated debentures and the discount value of the debentures issued in October 2008. Reflects 100% equity credit for the MCP stock.

5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	Dec. 31, 2012			Dec. 31, 2011
Property & Casualty U.S. statutory net income [1]	$	883		$	514
Life U.S. statutory net income (loss) [1]  [2]	$	592		$	(1,272	)
Property & Casualty U.S. statutory capital and surplus [1]	$	7,645		$	7,412
GAAP adjustments
DAC	548			556
Benefit reserves	(53		)	(59		)
GAAP unrealized losses on investments, after tax	1,314			641
Goodwill	119			119
Non-admitted assets	914			1,081
Other, net	252			269
Property & Casualty GAAP stockholders’ equity	$	10,739		$	10,019
Life U.S. statutory capital and surplus [1] [3]	$	6,410		$	7,388
GAAP adjustments
Investment in subsidiaries	3,045			3,748
DAC	5,177			6,000
Deferred taxes	(1,755		)	(1,542		)
Benefit reserves	(1,014		)	(2,991		)
Unrealized losses on investments, net of impairments	4,071			2,472
Asset valuation reserve and interest maintenance reserve	934			816
Goodwill	460			470
Other, net	(41		)	(556		)
Life GAAP stockholders’ equity	$	17,288		$	15,805

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

[2] Net income (loss) does not include capital gains and losses on hedging programs that may be accounted for as realized capital gains (losses) under GAAP.

[3] U.S. life statutory surplus as of December 31, 2012 declined from September 30, 2012 by $1.2 billion due to several items which will be offset by a $1.7 billion statutory net gain as a result of the sale of the Retirement Plans and Individual Life businesses ("the transactions") in January 2013. The items that had a negative impact on fourth quarter 2012 U.S. life company statutory surplus are: a $0.2 billion decrease due to the transfer of the Mutual Funds business from the U.S. life insurance companies to the life holding company; a $0.4 billion decrease associated with the transactions; a $0.4 billion decrease due to VA related impacts including the impact of expense factor changes and variable annuity hedging losses; and $0.2 billion for other items, including deferred tax assets. As a result of the January 2013 statutory gain from the transactions, the Company's pro forma January 2, 2013 U.S. life statutory surplus was estimated to be $8.1 billion before approximately $1.5 billion in extraordinary dividends and return of surplus to the holding company.

6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	THREE MONTHS ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011
Fixed maturities net unrealized gain (loss)	$	3,402		$	3,373		$	2,507		$	1,793		$	1,599		$	1,313		$	324		$	(262	)
Equities net unrealized gain (loss)	16			8			(8		)	(41		)	(88		)	(68		)	7			28
Other-than-temporary impairment losses recognized in AOCI	(47		)	(59		)	(94		)	(107		)	(99		)	(97		)	(107		)	(103		)
Net deferred gain on cash-flow hedging instruments	428			543			544			463			516			542			388			317
Total net unrealized gain	$	3,799		$	3,865		$	2,949		$	2,108		$	1,928		$	1,690		$	612		$	(20	)
Foreign currency translation adjustments	406			582			494			438			574			571			493			438
Pension and other postretirement adjustment	(1,362		)	(1,152		)	(1,187		)	(1,218		)	(1,251		)	(1,106		)	(1,130		)	(1,156		)
Total accumulated other comprehensive income (loss)	$	2,843		$	3,295		$	2,256		$	1,328		$	1,251		$	1,155		$	(25	)	$	(738	)

7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

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

	THREE MONTHS ENDED DECEMBER 31, 2012
										Talcott Resolution
	Property and Casualty			Group Benefits			Mutual Funds			U.S. Annuity			International Annuity			Institutional			Other [1]			Consolidated
Balance, beginning of period	$	564		$	43		$	23		$	1,983		$	1,072		$	52		$	2,210		$	5,947
Deferred costs	301			8			9			6			—			—			64			388
Amortization—DAC	(317		)	(8		)	(9		)	(79		)	(21		)	(1		)	(12		)	(447		)
Amortization—DAC unlock benefit (charge), before tax	—			—			—			(136		)	49			—			(13		)	(100		)
Adjustments to unrealized gains and losses on securities available-for-sale and other	—			—			(1		)	49			—			—			(4		)	44
Effect of currency translation adjustment	—			—			—			—			(107		)	—			—			(107		)
Balance, end of period	$	548		$	43		$	22		$	1,823		$	993		$	51		$	2,245		$	5,725

	YEAR ENDED DECEMBER 31, 2012
										Talcott Resolution
	Property and Casualty			Group Benefits			Mutual Funds			U.S. Annuity			International Annuity			Institutional			Other [1]			Consolidated
Balance, beginning of period	$	556		$	42		$	27		$	2,412		$	1,125		$	55		$	2,339		$	6,556
Deferred costs	1,248			34			31			53			—			—			273			1,639
Amortization—DAC	(1,259		)	(33		)	(35		)	(320		)	(70		)	(4		)	(123		)	(1,844		)
Amortization—DAC unlock benefit (charge), before tax	—			—			—			(205		)	72			—			(11		)	(144		)
Adjustments to unrealized gains and losses on securities available-for-sale and other [2]	3			—			(1		)	(117		)	(16		)	—			(233		)	(364		)
Effect of currency translation adjustment	—			—			—			—			(118		)	—			—			(118		)
Balance, end of period	$	548		$	43		$	22		$	1,823		$	993		$	51		$	2,245		$	5,725

[1] Talcott Resolution Other includes DAC balances and activity related to the private placement life insurance ("PPLI"), Individual Life and Retirement Plans businesses.

[2] Other adjustments include a $16 reduction of the DAC asset as a result of the disposition of the PPLI servicing business in 2012.

8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	THREE MONTHS ENDED DECEMBER 31, 2012
	P&C Commercial		Consumer Markets			P&C Other Operations		Total Property & Casualty
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	15,719	$	1,938		$	3,875	$	21,532
Reinsurance and other recoverables	2,345		10			678		3,033
Beginning liabilities for unpaid losses and loss adjustment expenses, net	13,374		1,928			3,197		18,499
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes	1,067		593			—		1,660
Current accident year catastrophes	209		126			—		335
Prior year development	18		(14		)	5		9
Total provision for unpaid losses and loss adjustment expenses	1,294		705			5		2,004
Less: Payments	1,013		723			78		1,814
Ending liabilities for unpaid losses and loss adjustment expenses, net	13,655		1,910			3,124		18,689
Reinsurance and other recoverables	2,365		16			646		3,027
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	16,020	$	1,926		$	3,770	$	21,716

	YEAR ENDED DECEMBER 31, 2012
	P&C Commercial		Consumer Markets			P&C Other Operations		Total Property & Casualty
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	15,437	$	2,061		$	4,052	$	21,550
Reinsurance and other recoverables	2,343		9			681		3,033
Beginning liabilities for unpaid losses and loss adjustment expenses, net	13,094		2,052			3,371		18,517
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes	4,178		2,390			—		6,568
Current accident year catastrophes	325		381			—		706
Prior year development	72		(141		)	65		(4		)
Total provision for unpaid losses and loss adjustment expenses	4,575		2,630			65		7,270
Less: Payments	4,014		2,772			312		7,098
Ending liabilities for unpaid losses and loss adjustment expenses, net	13,655		1,910			3,124		18,689
Reinsurance and other recoverables	2,365		16			646		3,027
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	16,020	$	1,926		$	3,770	$	21,716

9

PROPERTY & CASUALTY

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

INCOME STATEMENTS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
UNDERWRITING RESULTS
Written premiums	$	2,314		$	2,512		$	2,472		$	2,549		$	2,340		$	2,515		$	2,468		$	2,529		$	9,847		$	9,852
Change in unearned premium reserve	(165		)	18			18			83			(141		)	32			12			75			(46		)	(22		)
Earned premiums	2,479			2,494			2,454			2,466			2,481			2,483			2,456			2,454			9,893			9,874
Losses and loss adjustment expenses
Current accident year before catastrophes	1,660			1,717			1,590			1,601			1,776			1,748			1,573			1,578			6,568			6,675
Current accident year catastrophes	335			10			290			71			14			206			447			78			706			745
Prior year development	9			(33		)	49			(29		)	98			3			317			(51		)	(4		)	367
Total losses and loss adjustment expenses	2,004			1,694			1,929			1,643			1,888			1,957			2,337			1,605			7,270			7,787
Amortization of DAC	317			313			315			314			313			313			315			313			1,259			1,254
Underwriting expenses	381			367			388			403			342			371			384			389			1,539			1,486
Dividends to policyholders	6			5			5			(2		)	5			5			4			4			14			18
Underwriting gain (loss)	(229		)	115			(183		)	108			(67		)	(163		)	(584		)	143			(189		)	(671		)
Net investment income	301			295			319			317			292			300			325			331			1,232			1,248
Net realized capital gains (losses)	40			16			(21		)	61			15			(66		)	19			(30		)	96			(62		)
Goodwill impairment	—			—			—			—			(30		)	—			—			—			—			(30		)
Other expense [1]	(33		)	(35		)	(17		)	(35		)	(29		)	(39		)	(162		)	(48		)	(120		)	(278		)
Restructuring and other costs	—			(1		)	(5		)	—			—			—			—			—			(6		)	—
Income from continuing operations before income taxes	79			390			93			451			181			32			(402		)	396			1,013			207
Income tax expense (benefit)	(2		)	106			8			126			39			(15		)	(187		)	104			238			(59		)
Income from continuing operations, after tax	81			284			85			325			142			47			(215		)	292			775			266
Income (loss) from discontinued operations, after tax	(1		)	(2		)	(1		)	(1		)	(5		)	(2		)	(3		)	160			(5		)	150
Net income (loss)	80			282			84			324			137			45			(218		)	452			770			416
Less: Restructuring and other costs, after tax	—			(1		)	(3		)	—			—			—			—			—			(4		)	—
Less: Income (loss) from discontinued operations, after tax	(1		)	(2		)	(1		)	(1		)	(5		)	(2		)	(3		)	160			(5		)	150
Less: Net realized capital gains (losses) after tax and DAC, excluded from core	27			10			(13		)	41			12			(39		)	33			(19		)	65			(13		)
Core earnings (losses)	$	54		$	275		$	101		$	284		$	130		$	86		$	(248	)	$	311		$	714		$	279

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

10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

UNDERWRITING RATIOS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
UNDERWRITING GAIN (LOSS)	$	(229	)	$	115		$	(183	)	$	108		$	(67	)	$	(163	)	$	(584	)	$	143		$	(189	)	$	(671	)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes	67.0			68.8			64.8			64.9			71.6			70.4			64.1			64.3			66.4			67.6
Current accident year catastrophes	13.5			0.4			11.8			2.9			0.6			8.3			18.2			3.2			7.1			7.5
Prior year development	0.4			(1.3		)	2.0			(1.2		)	4.0			0.1			12.9			(2.1		)	—			3.7
Total losses and loss adjustment expenses	80.8			67.9			78.6			66.6			76.1			78.8			95.2			65.4			73.5			78.9
Expenses	28.2			27.3			28.6			29.1			26.4			27.5			28.4			28.7			28.3			27.7
Policyholder dividends	0.2			0.2			0.2			(0.1		)	0.2			0.2			0.2			0.2			0.1			0.2
Combined ratio	109.2			95.4			107.5			95.6			102.7			106.6			123.8			94.2			101.9			106.8
Catastrophes
Current year	13.5			0.4			11.8			2.9			0.6			8.3			18.2			3.2			7.1			7.5
Prior year	—			(0.3		)	(2.0		)	(0.4		)	0.1			0.1			0.8			0.6			(0.7		)	0.4
Catastrophe ratio	13.6			0.1			9.9			2.4			0.6			8.4			19			3.7			6.5			7.9
Combined ratio before catastrophes	95.7			95.3			97.6			93.2			102.1			98.2			104.8			90.5			95.4			98.9
Combined ratio before catastrophes and prior year development	95.4			96.3			93.6			93.9			98.2			98.1			92.7			93.1			94.8			95.5

11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C COMMERCIAL

UNDERWRITING RESULTS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
UNDERWRITING RESULTS
Written premiums	$	1,454		$	1,552		$	1,516		$	1,687		$	1,482		$	1,551		$	1,498		$	1,645		$	6,209		$	6,176
Change in unearned premium reserve	(114		)	(30		)	(36		)	130			(77		)	(2		)	(19		)	147			(50		)	49
Earned premiums	1,568			1,582			1,552			1,557			1,559			1,553			1,517			1,498			6,259			6,127
Losses and loss adjustment expenses
Current accident year before catastrophes [1]	1,067			1,089			995			1,027			1,142			1,085			950			962			4,178			4,139
Current accident year catastrophes [2]	209			10			74			32			15			93			166			46			325			320
Prior year development [3] [4]	18			15			19			20			109			(9		)	31			(6		)	72			125
Total losses and loss adjustment expenses	1,294			1,114			1,088			1,079			1,266			1,169			1,147			1,002			4,575			4,584
Amortization of DAC	234			231			231			231			230			229			230			228			927			917
Underwriting expenses [5]	227			218			235			245			199			224			230			234			925			887
Dividends to policyholders [6]	6			5			5			(2		)	5			5			4			4			14			18
Underwriting gain (loss)	$	(193	)	$	14		$	(7	)	$	4		$	(141	)	$	(74	)	$	(94	)	$	30		$	(182	)	$	(279	)

[1] The three months ended December 31, 2012 included current accident year reserve strengthening of $28 predominantly related to workers' compensation business. The three months ended September 30, 2012 included current accident year reserve strengthening of $39 predominantly related to workers' compensation business and auto liability claims. The three months ended December 31, 2011 included current accident year reserve strengthening of $87 predominantly related to workers' compensation business. The three months ended September 30, 2011 included current accident year reserve strengthening of $47 predominantly related to workers' compensation business.

[2] Included within current accident year catastrophes in the three months ended December 31, 2012 was $207 related to Storm Sandy.

[3] Included within prior year development was the following (favorable) unfavorable prior year loss reserve development:

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Auto liability	$	11		$	14		$	19		$	12		$	1		$	(4	)	$	—		$	(1	)	$	56		$	(4	)
Professional liability	—			22			9			9			7			29			2			(9		)	40			29
Package business	14			(2		)	(16		)	(16		)	(30		)	(42		)	3			(7		)	(20		)	(76		)
Workers’ compensation	9			18			43			8			161			7			4			(1		)	78			171
General liability	(11		)	(36		)	(24		)	(16		)	(44		)	(8		)	6			6			(87		)	(40		)
Fidelity and surety	(12		)	(8		)	10			1			2			(7		)	(2		)	—			(9		)	(7		)
Commercial property	(3		)	1			4			(10		)	—			1			(7		)	2			(8		)	(4		)
Change in workers' compensation discount, including accretion	7			8			8			29			6			15			10			7			52			38
Catastrophes [4]	1			(2		)	(39		)	3			5			2			10			(5		)	(37		)	12
Other reserve re-estimates, net	2			—			5			—			1			(2		)	5			2			7			6
Total prior year development	$	18		$	15		$	19		$	20		$	109		$	(9	)	$	31		$	(6	)	$	72		$	125

[4] The three months ended June 30, 2012 includes one time reserve releases on certain prior year catastrophes primarily related to 2001 World Trade Center workers’ compensation claims.

[5] The three months ended December 31, 2011 included taxes, licenses and fees reserve releases of $12.

[6] The three months ended March 31, 2012 included a decrease in prior dividends of $8.

12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C COMMERCIAL

UNDERWRITING RATIOS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
UNDERWRITING GAIN (LOSS)	$	(193	)	$	14		$	(7	)	$	4		$	(141	)	$	(74	)	$	(94	)	$	30		$	(182	)	$	(279	)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]	68.0			68.8			64.1			66.0			73.3			69.9			62.6			64.3			66.8			67.6
Current accident year catastrophes [2]	13.3			0.6			4.8			2.1			1.0			6.0			11.0			3.0			5.2			5.2
Prior year development [3]	1.1			0.9			1.2			1.3			7.0			(0.6		)	2.1			(0.4		)	1.2			2.0
Total losses and loss adjustment expenses	82.5			70.4			70.1			69.3			81.2			75.3			75.6			66.9			73.1			74.8
Expenses	29.4			28.4			30.0			30.6			27.5			29.2			30.3			30.8			29.6			29.4
Policyholder dividends	0.4			0.3			0.3			(0.1		)	0.3			0.3			0.3			0.3			0.2			0.3
Combined ratio	112.3			99.1			100.5			99.7			109.0			104.8			106.2			97.9			102.9			104.6
Catastrophes
Current year [2]	13.3			0.6			4.8			2.1			1.0			6.0			11.0			3.0			5.2			5.2
Prior year	0.1			(0.1		)	(2.5		)	0.2			0.3			0.1			0.7			(0.3		)	(0.6		)	0.2
Catastrophe ratio	13.4			0.5			2.3			2.2			1.3			6.1			11.6			2.7			4.6			5.4
Combined ratio before catastrophes	98.9			98.6			98.2			97.5			107.8			98.6			94.5			95.2			98.3			99.1
Combined ratio before catastrophes and prior year development	97.8			97.5			94.5			96.4			101.1			99.4			93.1			95.3			96.6			97.3

[1] The three months ended December 31, 2012 included current accident year reserve strengthening of 1.8 points, predominantly related to workers’ compensation business. The three months ended September 30, 2012 included current accident year reserve strengthening of 2.5 points, predominantly related to workers' compensation business and auto liability claims. The three months ended December 31, 2011 included current accident year reserve strengthening of 5.6 points, predominantly related to workers’ compensation business. The three months ended September 30, 2011 included current accident year reserve strengthening of 3.0 points, predominantly related to workers' compensation business.

[2] Included in current accident year catastrophes in the three months ended December 31, 2012 was reserve strengthening of 13.2 points related to Storm Sandy.

[3] Refer to footnote 3 on page 12 for a summary of (favorable) unfavorable prior year loss reserve development.

13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C COMMERCIAL

SUPPLEMENTAL DATA

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
WRITTEN PREMIUMS [1]
Small Commercial	$	705		$	728		$	769		$	815		$	688		$	719		$	725		$	755		$	3,017		$	2,887
Middle Market	545			557			512			581			569			572			537			602			2,195			2,280
Specialty	195			259			227			283			217			255			224			277			964			973
Other	9			8			8			8			8			5			12			11			33			36
Total	$	1,454		$	1,552		$	1,516		$	1,687		$	1,482		$	1,551		$	1,498		$	1,645		$	6,209		$	6,176
EARNED PREMIUMS [1]
Small Commercial	$	760		$	755		$	738		$	726		$	719		$	715		$	692		$	679		$	2,979		$	2,805
Middle Market	559			565			562			577			584			587			576			574			2,263			2,321
Specialty	243			253			244			245			247			244			238			234			985			963
Other	6			9			8			9			9			7			11			11			32			38
Total	$	1,568		$	1,582		$	1,552		$	1,557		$	1,559		$	1,553		$	1,517		$	1,498		$	6,259		$	6,127
SMALL COMMERCIAL
Combined ratio	111.2			93.6			94.8			97.3			101.1			96.2			104.1			91.2			99.3			98.2
Combined ratio before catastrophes	96.5			93.0			88.7			93.1			99.5			89.8			85.1			87.1			92.9			90.5
Combined ratio before catastrophes and prior year development	92.8			92.6			87.1			91.8			92.9			92.5			84.4			87.7			91.1			89.5
MIDDLE MARKET
Combined ratio	117.1			103.5			104.1			98.8			121.0			109.4			105.8			103.9			105.8			110.1
Combined ratio before catastrophes	99.6			103.7			102.5			97.6			119.2			101.3			99.2			101.7			100.8			105.4
Combined ratio before catastrophes and prior year development	99.0			100.7			98.4			99.2			108.9			103.7			98.2			100.9			99.3			102.9
SPECIALTY
Combined ratio	104.9			117.4			107.9			108.2			110.3			121.3			111.4			102.3			109.7			111.4
Combined ratio before catastrophes	104.4			116.1			115.1			108.8			110.6			120.7			109.2			102.4			111.2			110.8
Combined ratio before catastrophes and prior year development	111.2			105.0			106.5			102.9			112.4			109.9			104.9			103.5			106.4			107.7
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price Increases
Standard Commercial Lines	9		%	8		%	7		%	7		%	5		%	4		%	3		%	3		%	8		%	4		%
Policy Count Retention
Small Commercial	83		%	84		%	82		%	84		%	83		%	82		%	83		%	83		%	83		%	83		%
Middle Market	79		%	78		%	73		%	79		%	77		%	77		%	79		%	80		%	77		%	78		%
New Business Premium $
Small Commercial	$	109		$	109		$	135		$	145		$	119		$	135		$	146		$	143		$	498		$	543
Middle Market	$	80		$	86		$	78		$	91		$	86		$	105		$	107		$	125		$	335		$	423
Policies in Force
Small Commercial	1,187,472			1,191,451			1,188,147			1,179,995			1,170,947			1,172,591			1,165,123			1,145,053
Middle Market	75,871			77,372			78,676			81,159			82,695			84,421			85,809			85,442

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

14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

UNDERWRITING RESULTS

	THREE MONTHS ENDED																								YEAR ENDED
UNDERWRITING RESULTS	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Written premiums	$	859		$	960		$	950		$	861		$	858		$	964		$	969		$	884		$	3,630		$	3,675
Change in unearned premium reserve	(52		)	48			46			(48		)	(64		)	34			30			(72		)	(6		)	(72		)
Earned premiums	911			912			904			909			922			930			939			956			3,636			3,747
Losses and loss adjustment expenses
Current accident year before catastrophes	593			628			595			574			634			663			623			616			2,390			2,536
Current accident year catastrophes [1]	126			—			216			39			(1		)	113			281			32			381			425
Prior year development [2]	(14		)	(49		)	(23		)	(55		)	(17		)	(9		)	—			(49		)	(141		)	(75		)
Total losses and loss adjustment expenses	705			579			788			558			616			767			904			599			2,630			2,886
Amortization of DAC	83			82			84			83			83			84			85			85			332			337
Underwriting expenses	144			141			146			150			135			141			147			149			581			572
Underwriting gain (loss)	$	(21	)	$	110		$	(114	)	$	118		$	88		$	(62	)	$	(197	)	$	123		$	93		$	(48	)

[1] Included within current accident year catastrophes in the three months ended December 31, 2012 was $143 related to Storm Sandy.

[2] Included within prior year development was the following (favorable) unfavorable prior year loss reserve development:

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Auto liability	$	(2	)	$	(38	)	$	(11	)	$	(30	)	$	(10	)	$	(19	)	$	(9	)	$	(55	)	$	(81	)	$	(93	)
Homeowners	(22		)	(4		)	(1		)	(5		)	(2		)	14			1			(14		)	(32		)	(1		)
Catastrophes	—			(6		)	(9		)	(14		)	(3		)	—			9			19			(29		)	25
Other reserve re-estimates, net	10			(1		)	(2		)	(6		)	(2		)	(4		)	(1		)	1			1			(6		)
Total prior year development	$	(14	)	$	(49	)	$	(23	)	$	(55	)	$	(17	)	$	(9	)	$	—		$	(49	)	$	(141	)	$	(75	)

15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

UNDERWRITING RATIOS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
UNDERWRITING GAIN (LOSS)	$	(21	)	$	110		$	(114	)	$	118		$	88		$	(62	)	$	(197	)	$	123		$	93		$	(48	)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes	65.1			68.9			65.8			63.1			68.8			71.3			66.5			64.3			65.7			67.7
Current accident year catastrophes [1]	13.8			—			23.9			4.3			(0.1		)	12.2			29.9			3.4			10.5			11.3
Prior year development [2]	(1.5		)	(5.4		)	(2.5		)	(6.1		)	(1.8		)	(1.0		)	—			(5.1		)	(3.9		)	(2.0		)
Total losses and loss adjustment expenses	77.4			63.5			87.2			61.4			66.8			82.5			96.4			62.6			72.3			77.0
Expenses	24.9			24.5			25.4			25.6			23.6			24.2			24.7			24.7			25.1			24.3
Combined ratio	102.3			87.9			112.6			87.0			90.5			106.7			121.1			87.3			97.4			101.3
Catastrophes
Current year [1]	13.8			—			23.9			4.3			(0.1		)	12.2			29.9			3.4			10.5			11.3
Prior year	—			(0.7		)	(1.0		)	(1.5		)	(0.3		)	—			1.0			2.0			(0.8		)	0.7
Catastrophe ratio	13.8			(0.7		)	22.9			2.8			(0.4		)	12.2			30.8			5.4			9.7			12.0
Combined ratio before catastrophes	88.5			88.6			89.7			84.3			90.9			94.5			90.2			81.9			87.8			89.3
Combined ratio before catastrophes and prior year development	90.0			93.3			91.3			88.8			92.4			95.5			91.2			89.0			90.8			91.9
PRODUCT
Automobile
Combined ratio	109.4			93.9			98.8			88.4			99.0			99.4			98.0			85.2			97.6			95.3
Combined ratio before catastrophes and prior year development	100.5			100.1			96.0			93.8			101.5			99.7			94.0			92.8			97.6			96.9
Homeowners
Combined ratio	86.1			74.5			144.1			83.8			72.5			124.1			175.0			91.5			97.0			115.8
Combined ratio before catastrophes and prior year development	65.7			78.2			80.2			77.4			73.4			85.5			84.7			80.0			75.4			80.9

[1] Included in current accident year catastrophes in the three months ended December 31, 2012 was reserve strengthening of 15.7 points related to Storm Sandy.

[2] Refer to footnote 2 on page 15 for a summary of (favorable) unfavorable prior year loss reserve development.

16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

WRITTEN AND EARNED PREMIUMS

	THREE MONTHS ENDED																									YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011				Dec. 31 2012			Dec. 31 2011
DISTRIBUTION
WRITTEN PREMIUMS [1]
AARP Direct	$	623		$	714		$	710		$	633		$	630		$	717		$	724		$	647			$	2,680		$	2,718
AARP Agency	40			37			32			27			22			19			17			14				136			72
Other Agency	181			196			194			186			194			213			216			210				757			833
Other	15			13			14			15			12			15			12			13				57			52
Total	$	859		$	960		$	950		$	861		$	858		$	964		$	969		$	884			$	3,630		$	3,675
EARNED PREMIUMS [1]
AARP Direct	$	674		$	679		$	671		$	676		$	685		$	687		$	694		$	698			$	2,700		$	2,764
AARP Agency	32			27			23			19			16			14			12			10				101			52
Other Agency	188			194			195			201			208			215			222			233				778			878
Other	17			12			15			13			13			14			11			15				57			53
Total	$	911		$	912		$	904		$	909		$	922		$	930		$	939		$	956			$	3,636		$	3,747
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	595		$	650		$	649		$	620		$	599		$	657		$	665		$	641			$	2,514		$	2,562
Homeowners	264			310			301			241			259			307			304			243				1,116			1,113
Total	$	859		$	960		$	950		$	861		$	858		$	964		$	969		$	884			$	3,630		$	3,675
EARNED PREMIUMS [1]
Automobile	$	632		$	632		$	630		$	632		$	641		$	649		$	657		$	672			$	2,526		$	2,619
Homeowners	279			280			274			277			281			281			282			284				1,110			1,128
Total	$	911		$	912		$	904		$	909		$	922		$	930		$	939		$	956			$	3,636		$	3,747
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price Increases
Automobile	5		%	4		%	4		%	4		%	3		%	4		%	6		%	7		%		4		%	5		%
Homeowners	6		%	6		%	6		%	6		%	6		%	8		%	9		%	9		%		6		%	8		%
Policy Count Retention
Automobile	86		%	85		%	84		%	84		%	83		%	83		%	82		%	82		%		85		%	83		%
Homeowners	88		%	87		%	86		%	85		%	84		%	84		%	84		%	83		%		86		%	84		%
Premium Retention
Automobile	87		%	87		%	86		%	84		%	84		%	84		%	84		%	84		%	0.86	86		%	84		%
Homeowners	91		%	91		%	90		%	89		%	90		%	91		%	90		%	90		%	0.9	90		%	90		%
New Business Premium $
Automobile	$	77		$	84		$	85		$	86		$	77		$	80		$	75		$	66			$	332		$	298
Homeowners	$	30		$	32		$	30		$	25		$	23		$	26		$	23		$	19			$	117		$	91
Policies in Force
Automobile	2,015,323			2,029,078			2,044,874			2,065,317			2,080,535			2,106,385			2,137,351			2,178,719
Homeowners	1,319,101			1,321,149			1,323,557			1,330,117			1,338,676			1,358,162			1,380,301			1,402,264

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

17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

P&C OTHER OPERATIONS

UNDERWRITING RESULTS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
UNDERWRITING RESULTS
Written premiums	$	1		$	—		$	6		$	1		$	—		$	—		$	1		$	—		$	8		$	1
Change in unearned premium reserve	1			—			8			1			—			—			1			—			10			1
Earned premiums	—			—			(2		)	—			—			—			—			—			(2		)	—
Losses and loss adjustment expenses
Prior year development [1]	5			1			53			6			6			21			286			4			65			317
Total losses and loss adjustment expenses	5			1			53			6			6			21			286			4			65			317
Underwriting expenses	10			8			7			8			8			6			7			6			33			27
Underwriting gain (loss)	$	(15	)	$	(9	)	$	(62	)	$	(14	)	$	(14	)	$	(27	)	$	(293	)	$	(10	)	$	(100	)	$	(344	)

[1] Included within prior year development was the following (favorable) unfavorable prior year loss reserve development:

	THREE MONTHS ENDED																		YEAR ENDED
	Dec. 31 2012		Sept. 30 2012		Jun. 30 2012		Mar. 31 2012		Dec. 31 2011			Sept. 30 2011		Jun. 30 2011			Mar. 31 2011		Dec. 31 2012		Dec. 31 2011
Asbestos	$	—	$	—	$	48	$	—	$	4		$	—	$	290		$	—	$	48	$	294
Environmental	2		—		3		5		5			19		—			2		10		26
Other reserve re-estimates, net	3		1		2		1		(3		)	2		(4		)	2		7		(3		)
Total prior year development	$	5	$	1	$	53	$	6	$	6		$	21	$	286		$	4	$	65	$	317

18

GROUP BENEFITS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROUP BENEFITS

INCOME STATEMENTS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Earned premiums	$	915		$	926		$	950		$	957		$	995		$	1,000		$	1,062		$	1,028		$	3,748		$	4,085
Fee income	16			15			16			15			16			16			14			16			62			62
Net investment income	101			98			107			99			99			102			106			104			405			411
Net realized capital gains (losses)	9			11			—			20			(5		)	6			10			(14		)	40			(3		)
Total revenues	1,041			1,050			1,073			1,091			1,105			1,124			1,192			1,134			4,255			4,555
Benefits, losses and loss adjustment expenses	717			746			759			807			814			814			850			828			3,029			3,306
Amortization of DAC	8			9			8			8			8			9			9			9			33			35
Insurance operating costs and other expenses [1]	256			257			261			258			270			274			286			291			1,032			1,121
Restructuring and other costs	—			1			—			—			—			—			—			—			1			—
Total benefits and expenses	981			1,013			1,028			1,073			1,092			1,097			1,145			1,128			4,095			4,462
Income from continuing operations before income taxes	60			37			45			18			13			27			47			6			160			93
Income tax expense (benefit)	14			7			10			—			(2		)	2			6			(5		)	31			1
Net income	46			30			35			18			15			25			41			11			129			92
Less: Net realized capital gains (losses), after tax, excluded from core earnings	7			7			1			13			(2		)	5			11			(8		)	28			6
Core earnings	$	39		$	23		$	34		$	5		$	17		$	20		$	30		$	19		$	101		$	86
After-tax margin
Net income	4.4		%	2.9		%	3.3		%	1.7		%	1.4		%	2.2		%	3.6		%	1.0		%	3.0		%	2.0		%
Core earnings	3.8		%	2.2		%	3.2		%	0.5		%	1.5		%	1.8		%	2.6		%	1.7		%	2.4		%	1.9		%

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

19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROUP BENEFITS

SUPPLEMENTAL DATA

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
PREMIUMS
Fully insured ongoing premiums
Group disability	$	411		$	411		$	423		$	428		$	452		$	452		$	452		$	462		$	1,673		$	1,818
Group life	456			468			478			476			495			501			512			516			1,878			2,024
Other	48			47			49			50			48			47			49			50			194			194
Total fully insured ongoing premiums	$	915		$	926		$	950		$	954		$	995		$	1,000		$	1,013		$	1,028		$	3,745		$	4,036
Total buyouts [1]	—			—			—			3			—			—			49			—			3			49
Total premiums	915			926			950			957			995			1,000			1,062			1,028			3,748			4,085
Group disability premium equivalents [2]	111			114			111			110			111			109			107			105			446			432
Total premiums and premium equivalents	$	1,026		$	1,040		$	1,061		$	1,067		$	1,106		$	1,109		$	1,169		$	1,133		$	4,194		$	4,517
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully insured ongoing sales
Group disability	$	25		$	25		$	27		$	86		$	33		$	36		$	41		$	109		$	163		$	219
Group life	28			24			37			135			40			53			48			128			224			269
Other	3			6			2			7			5			2			3			7			18			17
Total fully insured ongoing sales	56			55			66			228			78			91			92			244			405			505
Total buyouts [1]	—			—			1			2			—			(1		)	49			—			3			48
Total sales	56			55			67			230			78			90			141			244			408			553
Group disability premium equivalents [2]	8			7			3			31			14			23			22			47			49			106
Total sales and premium equivalents	$	64		$	62		$	70		$	261		$	92		$	113		$	163		$	291		$	457		$	659
RATIOS [3]
Loss ratio
Group disability loss ratio	85.8		%	91.5		%	93.1		%	98.2		%	97.2		%	94.7		%	88.7		%	90.3		%	92.2		%	92.7		%
Group life loss ratio	70.0		%	69.4		%	66.5		%	70.3		%	66.3		%	68.2		%	69.4		%	70.6		%	69.0		%	68.6		%
Total loss ratio	77.0		%	79.3		%	78.6		%	83.0		%	80.5		%	80.1		%	78.0		%	79.3		%	79.5		%	79.5		%
Expense ratio [4]	28.4		%	28.4		%	27.8		%	27.5		%	27.5		%	27.9		%	28.7		%	28.7		%	28.0		%	28.2		%
GAAP RESERVES [5]
Group disability	$	5,321		$	5,346		$	5,348		$	5,342		$	5,307		$	5,259		$	5,225		$	5,164
Group life	1,164			1,151			1,159			1,174			1,202			1,206			1,210			1,217
Other	75			71			73			75			77			75			75			76
Total GAAP reserves	$	6,560		$	6,568		$	6,580		$	6,591		$	6,586		$	6,540		$	6,510		$	6,457

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

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

[3] Ratios calculated include fees and 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, 2012, September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011, and March 31, 2011 net of reinsurance recoverables of $252, $254, $244, $239, $233, $225, $219 and $212, respectively.

20

MUTUAL FUNDS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

MUTUAL FUNDS

INCOME STATEMENTS

	THREE MONTHS ENDED																							YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011		Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Fee income	$	152		$	148		$	148		$	151		$	143		$	153	$	175		$	178		$	599		$	649
Net investment loss	(1		)	(1		)	—			(1		)	(1		)	—		(1		)	(1		)	(3		)	(3		)
Net realized capital gains (losses)	—			1			(2		)	1			—			—		—			1			—			1
Total revenues	151			148			146			151			142			153		174			178			596			647
Amortization of DAC	9			8			9			9			11			12		12			12			35			47
Insurance operating costs and other expenses	118			112			108			111			100			105		120			123			449			448
Restructuring and other costs	1			1			1			—			—			—		—			—			3			—
Total benefits and expenses	128			121			118			120			111			117		132			135			487			495
Income before income taxes	23			27			28			31			31			36		42			43			109			152
Income tax expense	8			9			10			11			12			12		15			15			38			54
Net income	15			18			18			20			19			24		27			28			71			98
Less: Restructuring and other costs, after tax	(1		)	(1		)	(1		)	—			—			—		—			—			(3		)	—
Less: Net realized capital gains (losses), after tax, excluded from core earnings	—			—			—			—			(1		)	—		—			1			—			—
Core earnings	$	16		$	19		$	19		$	20		$	20		$	24	$	27		$	27		$	74		$	98
Return on assets (bps, after tax)
Net income	6.8			8.3			8.1			9.0			9.0			10.5		10.6			11.0			8.2			10.5
Core earnings	7.3			8.7			8.5			9.0			9.5			10.5		10.6			10.6			8.5			10.5

21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

MUTUAL FUNDS

SUPPLEMENTAL DATA

	THREE MONTHS ENDED																YEAR ENDED
	Dec. 31 2012		Sept. 30 2012		Jun. 30 2012		Mar. 31 2012		Dec. 31 2011		Sept. 30 2011		Jun. 30 2011		Mar. 31 2011		Dec. 31 2012		Dec. 31 2011
MUTUAL FUND SALES
Retail mutual funds	$	2,358	$	2,086	$	1,975	$	2,140	$	1,760	$	2,051	$	3,131	$	3,934	$	8,559	$	10,876
Investment only mutual funds [1]	536		423		517		534		493		2,228		676		807		2,010		4,204
Other	75		50		56		70		65		59		65		80		251		269
Total Sales	$	2,969	$	2,559	$	2,548	$	2,744	$	2,318	$	4,338	$	3,872	$	4,821	$	10,820	$	15,349
ASSETS UNDER MANAGEMENT
Retail mutual funds	$	43,149	$	42,475	$	40,942	$	43,575	$	40,228	$	39,258	$	49,584	$	51,064
Investment only mutual funds	16,598		17,015		16,678		17,945		16,140		15,175		17,202		17,788
Other	1,864		1,792		1,723		1,740		1,557		1,424		1,612		1,583
Mutual Funds Assets [2]	61,611		61,282		59,343		63,260		57,925		55,857		68,398		70,435
Annuity mutual fund assets [3]	26,036		26,839		26,888		29,145		27,613		26,944		31,956		33,554
Total Assets Under Management	$	87,647	$	88,121	$	86,231	$	92,405	$	85,538	$	82,801	$	100,354	$	103,989

[1] Investment only mutual funds refers to mutual funds offered as defined contribution investments within employee directed retirements plans.

[2] Mutual Fund assets under management are expected to be impacted by a planned redemption of approximately $1.5 billion in the second quarter of 2013.

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

22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

MUTUAL FUNDS

SUPPLEMENTAL DATA — ASSET ROLL FORWARD

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
RETAIL MUTUAL FUNDS
Beginning balance	$	42,475		$	40,942		$	43,575		$	40,228		$	39,258		$	49,584		$	51,064		$	48,753		$	40,228		$	48,753
Sales	2,358			2,086			1,975			2,140			1,760			2,051			3,131			3,934			8,559			10,876
Redemptions	(2,688		)	(2,384		)	(2,834		)	(3,041		)	(3,404		)	(5,652		)	(4,009		)	(3,366		)	(10,947		)	(16,431		)
Net flows	(330		)	(298		)	(859		)	(901		)	(1,644		)	(3,601		)	(878		)	568			(2,388		)	(5,555		)
Change in market value/currency/change in reserve/interest credited [1]	1,004			1,831			(1,774		)	4,248			2,614			(6,725		)	(602		)	1,743			5,309			(2,970		)
Ending balance	$	43,149		$	42,475		$	40,942		$	43,575		$	40,228		$	39,258		$	49,584		$	51,064		$	43,149		$	40,228

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

23

TALCOTT RESOLUTION

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

FINANCIAL HIGHLIGHTS

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
NET INCOME(LOSS)
U.S. Annuity	$	35		$	188		$	(19	)	$	198		$	18		$	(224	)	$	87		$	143		$	402		$	24
International Annuity	(176		)	(79		)	402			(465		)	(44		)	376			104			(98		)	(318		)	338
Institutional	3			27			13			52			1			(53		)	58			18			95			24
Other [1]	(10		)	13			44			45			62			(26		)	85			33			92			154
Talcott Resolution net income (loss)	(148		)	149			440			(170		)	37			73			334			96			271			540
Less: Net realized gains (losses) and other, after tax and DAC, excluded from core earnings — hedging and assumption changes	(513		)	77			452			(758		)	(201		)	478			37			(159		)	(742		)	155
Less: Net realized gains (losses) and other, after tax and DAC, excluded from core earnings — all other	126			(22		)	(60		)	155			36			(146		)	58			(42		)	199			(94		)
Less: Restructuring and other costs, after tax	(14		)	(21		)	(9		)	—			—			—			—			—			(44		)	—
Less: Unlock impact, excluded from core earnings	42			(79		)	(146		)	214			5			(469		)	(66		)	57			31			(473		)
Talcott Resolution core earnings	$	211		$	194		$	203		$	219		$	197		$	210		$	305		$	240		$	827		$	952
Unlock impact on net income (loss) by segment
U.S. Annuity	$	(90	)	$	(74	)	$	(43	)	$	90		$	29		$	(170	)	$	(52	)	$	43		$	(117	)	$	(150	)
International Annuity	141			3			(100		)	125			(25		)	(212		)	(11		)	14			169			(234		)
Institutional	—			6			—			—			(1		)	(2		)	1			(1		)	6			(3		)
Other [1]	(9		)	(14		)	(3		)	(1		)	2			(85		)	(4		)	1			(27		)	(86		)
Talcott Resolution unlock impact on net income	$	42		$	(79	)	$	(146	)	$	214		$	5		$	(469	)	$	(66	)	$	57		$	31		$	(473	)
Core earnings (losses)
U.S. Annuity	$	96		$	74		$	80		$	96		$	92		$	90		$	154		$	108		$	346		$	444
International Annuity	72			75			68			74			70			73			79			64			289			286
Institutional	(6		)	(7		)	5			4			(10		)	(5		)	7			11			(4		)	3
Other [1] [2]	49			52			50			45			45			52			65			57			196			219
Talcott Resolution core earnings	$	211		$	194		$	203		$	219		$	197		$	210		$	305		$	240		$	827		$	952

[1] Other includes the PPLI, Individual Life and Retirement Plans businesses.

[2] For the three months ended December 31, 2012, core earnings (losses) other includes $6, $36 and $7, respectively, for the PPLI, Individual Life and Retirement Plans businesses.

24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

SUPPLEMENTAL DATA

	THREE MONTHS ENDED																							YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011		Mar. 31 2011			Dec. 31 2012		Dec. 31 2011
RETURN ON ASSETS (bps, after tax)
U.S. Annuity return on assets
Net income (loss)	18.3			96.7			(9.4		)	96.5			9.1			(105.6		)	37.3		60.1			51.5		2.7
Core earnings	50.1			38.1			39.6			46.8			46.3			42.4			66.1		45.4			44.3		50.6
International Annuity return on assets
Net income (loss)	(205.2		)	(91.0		)	458.4			(518.0		)	(48.6		)	405.1			110.5		(103.7		)	(91.6	)	91.3
Core earnings	84.0			86.4			77.5			82.4			77.3			78.6			83.9		67.7			83.3		77.2
Account Value (end of period)
U.S. variable annuity	$	64,825		$	66,708		$	66,538		$	72,235		$	68,760		$	66,716		$	79,347	$	82,977
U.S. fixed annuity and Other	10,847			11,005			11,228			11,507			11,631			11,727			11,978		12,136
Total U.S. Annuity account value	$	75,672		$	77,713		$	77,766		$	83,742		$	80,391		$	78,443		$	91,325	$	95,113
International variable annuity	29,546			30,622			29,831			31,392			31,162			31,438			32,981		33,027
International fixed annuity	3,908			4,536			4,461			4,469			4,786			5,013			4,824		4,463
Total International Annuity account value	$	33,454		$	35,158		$	34,292		$	35,861		$	35,948		$	36,451		$	37,805	$	37,490
Institutional [2]	17,744			18,204			18,233			18,622			19,330			19,477			19,230		19,326
Other account value [1]	102,429			105,594			104,567			106,913			100,937			97,482			104,621		104,242
Total Talcott Resolution account value [2]	$	228,143		$	235,323		$	233,529		$	243,826		$	235,310		$	230,379		$	251,496	$	254,734

[1] As of December 31, 2012, other account value includes $37.4 billion, $13.2 billion and $51.8 billion, respectively, for the PPLI, Individual Life and Retirement Plans businesses.

[2]Institutional account value includes an inter-segment funding agreement which is eliminated in consolidation as follows:

	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011
Institutional account value inter-segment funding	$	(1,156	)	$	(1,346	)	$	(1,329	)	$	(1,312	)	$	(1,296	)	$	(1,474	)	$	(1,485	)	$	(1,437	)

25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

U.S. ANNUITY — SUPPLEMENTAL DATA — ACCOUNT VALUE ROLL FORWARD

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
VARIABLE ANNUITIES
Beginning balance	$	66,708		$	66,538		$	72,235		$	68,760		$	66,716		$	79,347		$	82,977		$	83,013		$	68,760		$	83,013
Deposits	209			130			169			307			216			192			227			250			815			885
Partial withdrawals	(815		)	(711		)	(780		)	(815		)	(912		)	(797		)	(888		)	(968		)	(3,121		)	(3,565		)
Full surrenders	(1,717		)	(1,737		)	(2,251		)	(1,687		)	(1,295		)	(1,648		)	(2,253		)	(1,995		)	(7,392		)	(7,191		)
Death benefits/annuitizations/other [1]	(459		)	(388		)	(397		)	(449		)	(346		)	(344		)	(392		)	(419		)	(1,693		)	(1,501		)
Transfers	(1		)	2			—			3			(44		)	(45		)	(44		)	(47		)	4			(180		)
Net flows	(2,783		)	(2,704		)	(3,259		)	(2,641		)	(2,381		)	(2,642		)	(3,350		)	(3,179		)	(11,387		)	(11,552		)
Change in market value/change in reserve/interest credited	900			2,874			(2,439		)	6,116			4,425			(9,989		)	(281		)	3,142			7,451			(2,703		)
Other	—			—			1			—			—			—			1			1			1			2
Ending balance	$	64,825		$	66,708		$	66,538		$	72,235		$	68,760		$	66,716		$	79,347		$	82,977		$	64,825		$	68,760
FIXED MARKET VALUE ADJUSTED (“MVA”) AND OTHER
Beginning balance	$	11,005		$	11,228		$	11,507		$	11,631		$	11,727		$	11,978		$	12,136		$	12,223		$	11,631		$	12,223
Deposits	7			9			16			46			42			36			20			13			78			111
Surrenders	(167		)	(251		)	(298		)	(204		)	(175		)	(301		)	(203		)	(173		)	(920		)	(852		)
Death benefits/annuitizations/other [1]	(109		)	(105		)	(106		)	(102		)	(163		)	(165		)	(167		)	(152		)	(422		)	(647		)
Transfers	—			1			(4		)	1			62			73			68			66			(2		)	269
Net flows	(269		)	(346		)	(392		)	(259		)	(234		)	(357		)	(282		)	(246		)	(1,266		)	(1,119		)
Change in market value/change in reserve/interest credited	111			123			113			136			138			106			124			159			483			527
Other	—			—			—			(1		)	—			—			—			—			(1		)	—
Ending balance	$	10,847		$	11,005		$	11,228		$	11,507		$	11,631		$	11,727		$	11,978		$	12,136		$	10,847		$	11,631
TOTAL U.S. ANNUITY
Beginning balance	$	77,713		$	77,766		$	83,742		$	80,391		$	78,443		$	91,325		$	95,113		$	95,236		$	80,391		$	95,236
Deposits	216			139			185			353			258			228			247			263			893			996
Surrenders	(2,699		)	(2,699		)	(3,329		)	(2,706		)	(2,382		)	(2,746		)	(3,344		)	(3,136		)	(11,433		)	(11,608		)
Death benefits/annuitizations/other [1]	(568		)	(493		)	(503		)	(551		)	(509		)	(509		)	(559		)	(571		)	(2,115		)	(2,148		)
Transfers	(1		)	3			(4		)	4			18			28			24			19			2			89
Net flows	(3,052		)	(3,050		)	(3,651		)	(2,900		)	(2,615		)	(2,999		)	(3,632		)	(3,425		)	(12,653		)	(12,671		)
Change in market value/change in reserve/interest credited	1,011			2,997			(2,326		)	6,252			4,563			(9,883		)	(157		)	3,301			7,934			(2,176		)
Other	—			—			1			(1		)	—			—			1			1			—			2
Ending balance	$	75,672		$	77,713		$	77,766		$	83,742		$	80,391		$	78,443		$	91,325		$	95,113		$	75,672		$	80,391

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

26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

INTERNATIONAL ANNUITY

SUPPLEMENTAL DATA—ACCOUNT VALUE ROLL FORWARD

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
VARIABLE ANNUITIES
Beginning balance	$	30,622		$	29,831		$	31,392		$	31,162		$	31,438		$	32,981		$	33,027		$	33,507		$	31,162		$	33,507
Surrenders	(395		)	(309		)	(379		)	(311		)	(291		)	(296		)	(291		)	(285		)	(1,394		)	(1,163		)
Death benefits/annuitizations/other [1]	(225		)	(200		)	(194		)	(194		)	(164		)	(165		)	(165		)	(191		)	(813		)	(685		)
Net flows	(620		)	(509		)	(573		)	(505		)	(455		)	(461		)	(456		)	(476		)	(2,207		)	(1,848		)
Change in market value/change in reserve/interest credited	2,500			532			(1,862		)	2,681			141			(2,477		)	(404		)	610			3,851			(2,130		)
Effect of currency translation	(2,956		)	768			874			(1,946		)	38			1,395			814			(614		)	(3,260		)	1,633
Ending balance	$	29,546		$	30,622		$	29,831		$	31,392		$	31,162		$	31,438		$	32,981		$	33,027		$	29,546		$	31,162
FIXED MARKET VALUE ADJUSTED ("MVA") AND OTHER
Beginning balance	$	4,536		$	4,461		$	4,469		$	4,786		$	5,013		$	4,824		$	4,463		$	4,596		$	4,786		$	4,596
Surrenders	(47		)	(57		)	(152		)	(47		)	(59		)	(44		)	(31		)	(43		)	(303		)	(177		)
Death benefits/annuitizations/other [1]	(180		)	(4		)	(18		)	1			(204		)	(16		)	246			(23		)	(201		)	3
Net flows	(227		)	(61		)	(170		)	(46		)	(263		)	(60		)	215			(66		)	(504		)	(174		)
Change in market value/change in reserve/interest credited	42			22			23			40			28			19			22			31			127			100
Effect of currency translation	(443		)	114			139			(311		)	8			230			124			(98		)	(501		)	264
Ending balance	$	3,908		$	4,536		$	4,461		$	4,469		$	4,786		$	5,013		$	4,824		$	4,463		$	3,908		$	4,786
TOTAL INTERNATIONAL ANNUITY
Beginning balance	$	35,158		$	34,292		$	35,861		$	35,948		$	36,451		$	37,805		$	37,490		$	38,103		$	35,948		$	38,103
Surrenders	(442		)	(366		)	(531		)	(358		)	(350		)	(340		)	(322		)	(328		)	(1,697		)	(1,340		)
Death benefits/annuitizations/other [1]	(405		)	(204		)	(212		)	(193		)	(368		)	(181		)	81			(214		)	(1,014		)	(682		)
Net flows	(847		)	(570		)	(743		)	(551		)	(718		)	(521		)	(241		)	(542		)	(2,711		)	(2,022		)
Change in market value/change in reserve/interest credited	2,542			554			(1,839		)	2,721			169			(2,458		)	(382		)	641			3,978			(2,030		)
Effect of currency translation	(3,399		)	882			1,013			(2,257		)	46			1,625			938			(712		)	(3,761		)	1,897
Ending balance	$	33,454		$	35,158		$	34,292		$	35,861		$	35,948		$	36,451		$	37,805		$	37,490		$	33,454		$	35,948

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

27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

SUPPLEMENTAL DATA—ANNUITY DEATH AND LIVING BENEFITS

	AS OF:
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011
U.S. Variable Annuity Business
S&P 500 index value at end of period	1,426.19			1,440.67			1,362.16			1,408.47			1,257.60			1,131.42			1,320.64			1,325.83
Total account value with guaranteed minimum death benefits (“GMDB”)	$	64,824		$	66,707		$	66,538		$	72,235		$	68,760		$	66,716		$	79,347		$	82,977
GMDB gross net amount of risk ("NAR")	6,610			7,187			8,998			7,698			12,021			15,833			8,566			8,582
% of GMDB NAR reinsured	67		%	66		%	62		%	65		%	58		%	54		%	64		%	64		%
GMDB retained NAR	2,168			2,458			3,461			2,724			5,087			7,205			3,104			3,118
GMDB net GAAP liability	310			308			337			322			380			440			346			347
Total account value with guaranteed minimum withdrawal benefits (“GMWB”)	$	34,218		$	34,836		$	35,127		$	38,312		$	36,604		$	35,566		$	42,501		$	44,616
GMWB gross NAR	650			761			1,198			847			1,888			3,025			745			744
% of GMWB NAR reinsured	17		%	16		%	16		%	16		%	16		%	16		%	21		%	20		%
GMWB retained NAR [1]	540			636			1,009			711			1,587			2,533			592			595
GMWB net GAAP liability	1,022			1,179			1,790			1,355			2,082			2,276			1,176			1,074
Japan Variable Annuity Business
Yen / $	86.5			77.8			79.8			82.3			76.9			77.1			80.8			82.9
Yen / Euro	114.5			100.2			101.0			110.6			99.7			103.4			117.1			117.6
Total account value with GMDB	$	27,716		$	28,725		$	27,977		$	29,396		$	29,234		$	29,522		$	30,785		$	30,778
GMDB gross NAR	5,736			9,107			9,477			7,580			10,857			11,035			8,469			7,962
% of GMDB NAR reinsured	16		%	13		%	13		%	15		%	13		%	13		%	15		%	15		%
GMDB retained NAR	4,831			7,882			8,236			6,469			9,413			9,583			7,233			6,750
Total account value with guaranteed minimum income benefits (“GMIB”)	$	25,960		$	26,917		$	26,119		$	27,350		$	27,282		$	27,471		$	28,526		$	28,495
GMIB retained NAR [1]	3,316			6,092			6,470			4,785			7,502			7,662			5,442			4,991
GMDB/GMIB net GAAP liability	621			874			847			704			930			907			635			607
Unlock impact on GMDB/GMIB Liability
U.S. variable annuity business	(11		)	(39		)	9			(61		)	(54		)	88			(10		)	(25		)
Japan variable annuity business	(167		)	16			130			(152		)	32			244			16			(21		)

[1] Policies with a guaranteed living benefit (a GMWB in the U.S., or 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 GMWB or GMIB is released. Similarly, when a policy goes into benefit status on a GMWB or, by contract, the GMDB NAR is reduced to zero. When a policy goes into benefit status on a GMIB, its GMDB NAR is released.

28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

VARIABLE ANNUITY GUARANTEED BENEFITS

AS OF DECEMBER 31, 2012

($ in billions)

Total Variable Annuity Guarantees
	Account Value		Gross Net Amount at Risk		Retained Net Amount at Risk		% of Contracts In the Money[3]		% In the Money[4]
U. S. variable annuity [1]
GMDB [2]	$	64.8	$	6.6	$	2.2	48	%	13	%
GMWB	34.2		0.7		0.5		23	%	9	%
Japan variable annuity [1]
GMDB	27.7		5.7		4.8		98	%	18	%
GMIB	26.0		3.3		3.3		97	%	12	%
U.K. variable annuity [1]
GMDB	1.9		—		—		100	%	2	%
GMWB	1.7		—		—		24	%	7	%

[1] Policies with a guaranteed living benefit (a GMWB in the U.S. or U.K., or 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 GMWB or GMIB is released. Similarly, when a policy goes into benefit status on a GMWB or, by contract, the GMDB NAR is reduced to zero. When a policy goes into benefit status on a GMIB, its GMDB NAR is released.

[2] Excludes group annuity contracts with GMDB benefits.

[3] Excludes contracts that are fully reinsured.

[4] For all contracts that are “in the money”, this represents the percentage by which the average contract was in the money.

29

CORPORATE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CORPORATE

INCOME STATEMENTS

	THREE MONTHS ENDED																									YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011				Dec. 31 2012			Dec. 31 2011
Earned premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	1		$	(1	)		$	—		$	—
Fee income	25			45			45			52			48			55			53			53				167			209
Net investment income	26			8			3			(6		)	(7		)	1			13			16				31			23
Other revenues	1			—			—			—			—			—			—			—			1	1			—
Net realized capital gains (losses)	84			9			17			15			(40		)	(51		)	6			(11		)		125			(96		)
Total revenues	136			62			65			61			1			5			73			57				324			136
Benefits, losses and loss adjustment expenses	—			1			(1		)	—			1			(6		)	1			1				—			(3		)
Insurance operating costs and other expenses	48			57			63			76			9			43			65			60				244			177
Loss on extinguishment of debt [1]	—			—			910			—			—			—			—			—				910			—
Interest expense	109			109			115			124			124			128			128			128				457			508
Restructuring and other costs	67			17			28			9			11			14			—			—				121			25
Total benefits and expenses	224			184			1,115			209			145			179			194			189				1,732			707
Loss from continuing operations before income taxes	(88		)	(122		)	(1,050		)	(148		)	(144		)	(174		)	(121		)	(132		)		(1,408		)	(571		)
Income tax benefit	(49		)	(44		)	(372		)	(52		)	(48		)	(62		)	(47		)	(44		)		(517		)	(201		)
Loss from continuing operations	(39		)	(78		)	(678		)	(96		)	(96		)	(112		)	(74		)	(88		)		(891		)	(370		)
Add: Income (loss) from discontinued operations [2]	—			—			—			—			6			5			(77		)	2				—			(64		)
Net loss	(39		)	(78		)	(678		)	(96		)	(90		)	(107		)	(151		)	(86		)		(891		)	(434		)
Less: Restructuring and other costs, after tax	(43		)	(11		)	(18		)	(6		)	(7		)	(9		)	—			—				(78		)	(16		)
Less: Net realized capital gains (losses), after tax and DAC, excluded from core losses	59			9			7			12			(26		)	(29		)	9			(9		)		87			(55		)
Less: Loss on extinguishment of debt, after tax	—			—			(587		)	—			—			—			—			—				(587		)	—
Less: Income (loss) from discontinued operations [2]	—			—			—			—			6			5			(77		)	2				—			(64		)
Core losses	$	(55	)	$	(76	)	$	(80	)	$	(102	)	$	(63	)	$	(74	)	$	(83	)	$	(79	)		$	(313	)	$	(299	)

[1] Includes a loss on extinguishment of debt of $587, after tax, recognized in the second quarter of 2012 related to the repurchase of all outstanding 10% fixed-to-floating rate junior subordinated debentures due 2068 with a $1.75 billion aggregate principal amount held by Allianz. The loss consisted of the premium associated with repurchasing the 10% Debentures at an amount greater than the face amount, the write-off of the unamortized discount and debt issuance costs related to the 10% Debentures and other costs related to the repurchase transaction.

[2] The three months ended June 30, 2011 includes charge of $74, after tax, related to the disposition of Federal Trust Corporation.

30

CONSOLIDATED

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX

CONSOLIDATED

	THREE MONTHS ENDED																YEAR ENDED
	Dec. 31 2012		Sept. 30 2012		Jun. 30 2012		Mar. 31 2012		Dec. 31 2011		Sept. 30 2011		Jun. 30 2011		Mar. 31 2011		Dec. 31 2012		Dec. 31 2011
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	710		712		729		738		723		711		744		719		2,889		2,897
Tax-exempt	117		118		119		120		121		125		126		127		474		499
Total fixed maturities	827		830		848		858		844		836		870		846		3,363		3,396
Equity securities, trading	2,676		710		(1,687	)	2,866		325		(1,890	)	(597	)	803		4,565		(1,359	)
Equity securities, available-for-sale	14		5		8		10		9		8		8		11		37		36
Mortgage loans	84		88		86		79		76		75		67		63		337		281
Policy loans	29		30		30		30		32		32		34		33		119		131
Limited partnerships and other alternative investments [2]	44		28		72		52		(2	)	67		78		100		196		243
Other [3]	71		75		81		69		70		73		77		81		296		301
Subtotal	3,745		1,766		(562	)	3,964		1,354		(799	)	537		1,937		8,913		3,029
Investment expense	(29	)	(26	)	(28	)	(28	)	(31	)	(29	)	(30	)	(26	)	(111	)	(116	)
Total net investment income	3,716		1,740		(590	)	3,936		1,323		(828	)	507		1,911		8,802		2,913
Less: Equity securities, trading	2,676		710		(1,687	)	2,866		325		(1,890	)	(597	)	803		4,565		(1,359	)
Total net investment income excluding trading securities	1,040		1,030		1,097		1,070		998		1,062		1,104		1,108		4,237		4,272
Annualized investment yield, before-tax [4]	4.3	%	4.2	%	4.5	%	4.4	%	4.0	%	4.3	%	4.6	%	4.6	%	4.3	%	4.4	%
Annualized investment yield, after tax [4]	2.9	%	2.9	%	3.1	%	3.0	%	2.8	%	2.9	%	3.1	%	3.2	%	3.0	%	3.0	%
Net Realized Capital Gains (Losses)
Gross gains on sales	167		205		246		259		174		197		261		61		877		693
Gross losses on sales	(54	)	(131	)	(159	)	(97	)	(90	)	(63	)	(98	)	(133	)	(441	)	(384	)
Net impairment losses [5]	(185	)	(37	)	(98	)	(29	)	(36	)	(60	)	(23	)	(55	)	(349	)	(174	)
Valuation allowances on mortgage loans	13		—		—		1		1		—		26		(3	)	14		24
Japanese fixed annuity contract hedges, net [6]	6		(24	)	2		(20	)	5		9		6		(17	)	(36	)	3
Periodic net coupon settlements on credit derivatives/Japan [7]	(11	)	2		4		(5	)	(2	)	1		(2	)	(7	)	(10	)	(10	)
Results of variable annuity hedge program
U.S. GMWB derivatives, net	68		381		(115	)	185		(97	)	(323	)	(33	)	56		519		(397	)
U.S. macro hedge	(48	)	(109	)	6		(189	)	(221	)	107		(17	)	(84	)	(340	)	(216	)
Total U.S. program	20		272		(109	)	(4	)	(318	)	(216	)	(50	)	(28	)	179		(613	)
International program	(857	)	(167	)	753		(1,219	)	(90	)	1,132		52		(319	)	(1,490	)	775
Total results of variable annuity hedge program	(837	)	105		644		(1,223	)	(408	)	916		2		(347	)	(1,311	)	162
Other net gain (loss) [8]	392		(1	)	(50	)	204		(30	)	(425	)	(103	)	98		545		(459	)
Total net realized capital gains (losses)	(509	)	119		589		(910	)	(386	)	575		69		(403	)	(711	)	(145	)

[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, repurchase agreement and dollar roll collateral, and consolidated variable interest entity non-controlling interests.

[5] Includes ($177) of intent-to-sell impairments relating to the sales of the Retirement Plans and Individual Life businesses as of the three months and year ended December 31, 2012.

[6] 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 FVO securities).

[7] Included in core earnings.

[8] Primarily consists of non-qualifying derivatives, transactional foreign currency re-valuation associated with the internal reinsurance of the Japan variable annuity business, which is offset in AOCI, and Japan 3Win related foreign currency swaps.

31

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT INCOME BY SEGMENT

CONSOLIDATED

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Net Investment Income (Loss)
Commercial Markets	$	228		$	222		$	239		$	235		$	212		$	217		$	239		$	242		$	924		$	910
Consumer Markets	37			38			41			43			42			46			49			50			159			187
P&C Other Operations	36			35			39			39			38			37			37			39			149			151
Total Property & Casualty	301			295			319			317			292			300			325			331			1,232			1,248
Group Benefits	101			98			107			99			99			102			106			104			405			411
Mutual Funds	(1		)	(1		)	—			(1		)	(1		)	—			(1		)	(1		)	(3		)	(3		)
Talcott Resolution	3,289			1,340			(1,019		)	3,527			940			(1,231		)	64			1,461			7,137			1,234
Corporate	26			8			3			(6		)	(7		)	1			13			16			31			23
Total net investment income	3,716			1,740			(590		)	3,936			1,323			(828		)	507			1,911			8,802			2,913
Less: Equity securities, trading	2,676			710			(1,687		)	2,866			325			(1,890		)	(597		)	803			4,565			(1,359		)
Total net investment income excluding trading securities	$	1,040		$	1,030		$	1,097		$	1,070		$	998		$	1,062		$	1,104		$	1,108		$	4,237		$	4,272

32

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

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

	THREE MONTHS ENDED																								YEAR ENDED
	Dec. 31 2012			Sept. 30 2012			Jun. 30 2012			Mar. 31 2012			Dec. 31 2011			Sept. 30 2011			Jun. 30 2011			Mar. 31 2011			Dec. 31 2012			Dec. 31 2011
Net Realized Capital Gains (Losses), after tax and DAC
Gains/losses on sales, net	$	68		$	49		$	56		$	112		$	69		$	52		$	174		$	(48	)	$	285		$	247
Net impairment losses [1]	(91		)	(24		)	(60		)	(16		)	(34		)	(34		)	(14		)	(30		)	(191		)	(112		)
Japanese fixed annuity contract hedges, net	4			(15		)	1			(13		)	4			5			4			(11		)	(23		)	2
Results of variable annuity hedge program
U.S. GMWB derivatives, net	37			230			(55		)	78			(74		)	(167		)	(19		)	22			290			(238		)
U.S. macro hedge	(23		)	(55		)	(1		)	(76		)	(29		)	24			(11		)	(28		)	(155		)	(44		)
Total U.S. Program	14			175			(56		)	2			(103		)	(143		)	(30		)	(6		)	135			(282		)
International program	(527		)	(98		)	508			(760		)	(98		)	621			67			(152		)	(877		)	438
Total results of variable annuity hedge program	(513		)	77			452			(758		)	(201		)	478			37			(158		)	(742		)	156
Other net gain (loss) [2]	232			—			(56		)	137			(17		)	(228		)	(52		)	11			313			(286		)
Total net realized captial gains (losses), after tax and DAC	$	(300	)	$	87		$	393		$	(538	)	$	(179	)	$	273		$	149		$	(236	)	$	(358	)	$	7
Reconciliation of Net Realized Capital Gains (Losses), after tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — after tax and DAC
Total net realized capital gains (losses)	$	(300	)	$	87		$	393		$	(538	)	$	(179	)	$	273		$	149		$	(236	)	$	(358	)	$	7
Less: total net realized capital gains (losses) included in core earnings (losses)	(6		)	6			6			(1		)	3			4			1			—			5			8
Total net realized capital gains (losses), after tax and DAC, excluded from core earnings (losses)	$	(294	)	$	81		$	387		$	(537	)	$	(182	)	$	269		$	148		$	(236	)	$	(363	)	$	(1	)

[1] Includes ($87) after tax and DAC of intent-to-sell impairments relating to the sales of the Retirement Plans and Individual Life businesses as of the three months and year ended December 31, 2012.

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

33

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

CONSOLIDATED

	December 31, 2012				September 30, 2012				June 30, 2012				March 31, 2012				December 31, 2011
	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Total investments	$	134,250	100.0	%	$	137,168	100.0	%	$	134,935	100.0	%	$	133,600	100.0	%	$	134,948	100.0	%
Less: Equity securities, trading	28,933		21.6	%	29,980		21.9	%	29,215		21.7	%	30,722		23.0	%	30,499		22.6	%
Total investments excluding trading securities	$	105,317	78.4	%	$	107,188	78.1	%	$	105,720	78.3	%	$	102,878	77.0	%	$	104,449	77.4	%
Asset-backed securities (“ABS”)	$	2,763	3.2	%	$	2,758	3.2	%	$	3,002	3.5	%	$	3,087	3.7	%	$	3,153	3.9	%
Collateralized debt obligations (“CDOs”)	3,040		3.5	%	3,072		3.5	%	3,037		3.6	%	3,043		3.7	%	2,487		3.0	%
Commercial mortgage-backed securities (“CMBS”)	6,321		7.4	%	6,273		7.2	%	6,346		7.4	%	6,774		8.1	%	6,951		8.5	%
Corporate	44,049		51.3	%	43,433		50.1	%	42,983		50.5	%	43,329		52.2	%	44,011		53.9	%
Foreign government/government agencies	4,136		4.8	%	4,216		4.9	%	3,598		4.2	%	3,352		4.0	%	2,161		2.6	%
Municipal	14,361		16.7	%	14,291		16.5	%	14,125		16.6	%	13,838		16.6	%	13,260		16.2	%
Residential mortgage-backed securities (“RMBS”)	7,480		8.7	%	7,477		8.6	%	6,981		8.2	%	6,595		7.9	%	5,757		7.0	%
U.S. Treasuries	3,772		4.4	%	5,206		6.0	%	5,155		6.0	%	3,139		3.8	%	4,029		4.9	%
Total fixed maturities, AFS [1]	$	85,922	100.0	%	$	86,726	100.0	%	$	85,227	100.0	%	$	83,157	100.0	%	$	81,809	100.0	%
U.S. government/government agencies	$	10,975	12.8	%	$	12,458	14.4	%	$	11,980	14.1	%	$	9,193	11.1	%	$	9,364	11.4	%
AAA	9,220		10.7	%	9,128		10.5	%	9,002		10.6	%	9,712		11.7	%	10,113		12.4	%
AA	16,104		18.7	%	16,305		18.8	%	16,290		19.1	%	16,463		19.8	%	15,844		19.4	%
A	22,650		26.4	%	21,923		25.3	%	21,207		24.9	%	20,773		25.0	%	21,053		25.7	%
BBB	22,689		26.4	%	22,665		26.1	%	22,528		26.3	%	22,664		27.2	%	21,760		26.6	%
BB & below	4,284		5.0	%	4,247		4.9	%	4,220		5.0	%	4,352		5.2	%	3,675		4.5	%
Total fixed maturities, AFS [1]	$	85,922	100.0	%	$	86,726	100.0	%	$	85,227	100.0	%	$	83,157	100.0	%	$	81,809	100.0	%

[1] Available-for-sale ("AFS").

34

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTED ASSET EXPOSURES

AS OF DECEMBER 31, 2012

	Cost or Amortized Cost		Fair Value		Percent of Total Invested Assets [1]
Top Ten Corporate and Equity, AFS, Exposures by Sector
Utilities	$	7,906	$	8,900	8.5	%
Financial services	7,561		7,927		7.5	%
Consumer non-cyclical	5,931		6,683		6.3	%
Basic industry	4,122		4,512		4.3	%
Technology and communications	3,971		4,481		4.3	%
Energy	3,816		4,312		4.1	%
Capital goods	3,112		3,499		3.3	%
Consumer cyclical	2,444		2,705		2.6	%
Transportation	1,393		1,554		1.5	%
Other	304		366		0.3	%
Total	$	40,560	$	44,939	42.7	%
Top Ten Exposures by Issuer [2]
Government of Japan [3]	$	2,728	$	2,701	2.6	%
State of California	486		544		0.5	%
National Grid PLC	356		413		0.4	%
AT&T Inc.	302		382		0.4	%
State of Illinois	314		334		0.3	%
Commonwealth of Massachusetts	285		327		0.3	%
Goldman Sachs Group Inc.	293		318		0.3	%
Government of the United Kingdom	278		309		0.3	%
Caterpillar Inc.	260		297		0.3	%
General Electric Co.	330		292		0.2	%
Total	$	5,632	$	5,917	5.6	%

[1] Excludes equity securities, trading.  

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

[3] These securities are included in short-term investments, fixed maturities, available-for-sale, and fixed maturities, fair value option on the Company’s Consolidating Balance Sheets.

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