Segment Information

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company currently conducts business principally in six reporting segments, as well as a Corporate category. Starting in the fourth quarter of 2012, financial results for the former Individual Life and Retirement Plans segments have been reported in the Talcott Resolution reporting segment. Segment data for prior reporting periods has been adjusted accordingly.

The Company’s reporting segments, as well as the Corporate category, are as follows:

Property & Casualty Commercial

Property & Casualty Commercial provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States (“U.S.”), along with a variety of customized insurance products and risk management services including professional liability, fidelity, surety, and specialty casualty coverages.

Consumer Markets

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.

Property & Casualty Other Operations

Property & Casualty 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

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

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

Talcott Resolution (formerly Life Other Operations) is comprised of runoff business from the Company's U.S. annuity, international (primarily in Japan and Europe) annuity, and institutional and private-placement life insurance businesses, as well as the Retirement Plans and Individual Life businesses that were sold in January 2013 (see Note 2 for information regarding the sale of these businesses).

Corporate

The Company includes in the Corporate category the Company’s debt financing and related interest expense, as well as other capital raising activities; and certain purchase accounting adjustments and other charges not allocated to the segments.

Financial Measures and Other Segment Information

Certain transactions between segments occur during the year that primarily relate to tax settlements, insurance coverage, expense reimbursements, services provided, security transfers and capital contributions. Also, one segment may purchase group annuity contracts from another to fund pension costs and annuities to settle casualty claims. In addition, certain inter-segment transactions occur that relate to interest income on allocated surplus. Consolidated net investment income is unaffected by such transactions.

The following table presents net income (loss) for each reporting segment, as well as the Corporate category.

	For the years ended December 31,
Net income (loss)	2012			2011			2010
Property & Casualty Commercial	$	547		$	526		$	1,007
Consumer Markets	166			7			125
Property & Casualty Other Operations	57			(117		)	(53		)
Group Benefits	129			92			188
Mutual Funds	71			98			132
Talcott Resolution	1			540			672
Corporate	(1,009		)	(434		)	(435		)
Net income (loss)	$	(38	)	$	712		$	1,636

The following table presents revenues by product line for each reporting segment, as well as the Corporate category.

	For the years ended December 31,
Revenues	2012			2011			2010
Earned premiums, fees, and other considerations
Property & Casualty Commercial
Workers’ compensation	$	2,987		$	2,809		$	2,387
Property	505			528			547
Automobile	587			583			598
Package business	1,160			1,145			1,124
Liability	562			540			540
Fidelity and surety	205			215			224
Professional liability	253			307			324
Total Property & Casualty Commercial	6,259			6,127			5,744
Consumer Markets
Automobile	2,526			2,619			2,806
Homeowners	1,110			1,128			1,141
Total Consumer Markets [1]	3,636			3,747			3,947
Property & Casualty Other Operations	(2		)	—			1
Group Benefits
Group disability	1,735			1,929			2,004
Group life	1,881			2,024			2,052
Other	194			194			222
Total Group Benefits	3,810			4,147			4,278
Mutual Funds
Retail	487			541			561
Annuity and other	112			108			103
Total Mutual Funds	599			649			664
Talcott Resolution	3,594			3,959			3,980
Corporate	167			209			189
Total earned premiums, fees, and other considerations	18,063			18,838			18,803
Net investment income (loss):
Securities available-for-sale and other	4,237			4,272			4,364
Equity securities, trading	4,565			(1,359		)	(774		)
Total net investment income	8,802			2,913			3,590
Net realized capital losses	(711		)	(145		)	(611		)
Other revenues	258			253			267
Total revenues	$	26,412		$	21,859		$	22,049

[1] For 2012, 2011 and 2010, AARP members accounted for earned premiums of $2.8 billion, $2.8 billion and $2.9 billion, respectively.

Geographical Revenue Information	For the years ended December 31,
Revenues	2012		2011		2010
United States of America	$	21,814	$	21,561	$	22,140
Japan	4,363		135		(329		)
Other	235		163		238
Total revenues	$	26,412	$	21,859	$	22,049

	For the years ended December 31,
Amortization of deferred policy acquisition costs and present value of future profits	2012		2011		2010
Property & Casualty Commercial	$	927	$	917	$	905
Consumer Markets	332		337		371
Group Benefits	33		35		40
Mutual Funds	35		47		51
Talcott Resolution	661		1,108		325
Total amortization of deferred policy acquisition costs and present value of future profits	$	1,988	$	2,444	$	1,692

	For the years ended December 31,
Income tax expense (benefit)	2012			2011			2010
Property & Casualty Commercial	$	159		$	37		$	414
Consumer Markets	65			(22		)	43
Property & Casualty Other Operations	14			(74		)	(40		)
Group Benefits	31			1			66
Mutual Funds	38			54			52
Talcott Resolution	(284		)	(120		)	205
Corporate	(517		)	(201		)	(168		)
Total income tax expense (benefit)	$	(494	)	$	(325	)	$	572

	As of December 31,
Assets	2012		2011
Property & Casualty Commercial	$	25,595	$	24,566
Consumer Markets	6,024		6,181
Property & Casualty Other Operations	4,509		4,639
Group Benefits	9,545		9,473
Mutual Funds	325		307
Talcott Resolution	243,836		250,817
Corporate	8,679		6,626
Total assets	$	298,513	$	302,609