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Schedule II Condensed Financial Information of The Hartford Financial Services Group, Inc. (Registrant)
 12 Months Ended
Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of The Hartford Financial Services Group, Inc. Registrant
CONDENSED FINANCIAL INFORMATION OF THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(Registrant)
(In millions)
 
As of December 31,
Condensed Balance Sheets
2012
2011
Assets
 
 
Fixed maturities, available-for-sale, at fair value
$
542

$
152

Other investments
23

28

Short-term investments
825

1,425

Investment in affiliates
28,104

26,151

Deferred income taxes
1,317

1,109

Unamortized Issue Costs
60

51

Other assets
30

31

Total assets
$
30,901

$
28,947

Liabilities and Stockholders’ Equity
 

 

Net payable to affiliates
$
267

$
283

Short-term debt (includes current maturities of long-term debt)
320

—

Long-term debt
6,566

5,975

Other liabilities
1,301

1,203

Total liabilities
8,454

7,461

Total stockholders’ equity
22,447

21,486

Total liabilities and stockholders’ equity
$
30,901

$
28,947

 
For the years ended December 31,
Condensed Statements of Operations and Comprehensive Income
2012
2011
2010
Net investment income
$
3

$
2

$
5

Net realized capital losses
(6
)
(5
)
(5
)
Total revenues
(3
)
(3
)
—

Interest expense
439

490

489

Other expenses
926

(41
)
11

Total expenses
1,365

449

500

Loss before income taxes and earnings of subsidiaries
(1,368
)
(452
)
(500
)
Income tax benefit
(482
)
(154
)
(170
)
Loss before earnings of subsidiaries
(886
)
(298
)
(330
)
Earnings of subsidiaries
848

1,010

1,966

Net income (loss)
(38
)
712

1,636

Other comprehensive income (loss) - parent company:
 
 
 
Change in net unrealized gain/loss on securities
1

—

1

Change in pension and other postretirement plan adjustments
(172
)
(57
)
(118
)
Other comprehensive loss, net of taxes before other comprehensive income of subsidiaries
(171
)
(57
)
(117
)
Other comprehensive income of subsidiaries
1,763

2,298

2,402

Total other comprehensive income
1,592

2,241

2,285

Total comprehensive income
$
1,554

$
2,953

$
3,921

The condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF THE HARTFORD FINANCIAL SERVICES GROUP, INC. (continued)
(Registrant)
(In millions)
 
For the years ended December 31,
Condensed Statements of Cash Flows
2012
2011
2010
Operating Activities
 
 
 
Net income
$
(38
)
$
712

$
1,636

Loss on extinguishment of debt
910

—

—

Undistributed earnings of subsidiaries
(847
)
(1,011
)
(960
)
Change in operating assets and liabilities
770

625

(21
)
Cash provided by operating activities
795

326

655

Investing Activities
 
 
 
Net sales of short-term investments
213

432

233

Capital contributions to subsidiaries
(334
)
(126
)
(311
)
Cash provided by (used for) investing activities
(121
)
306

(78
)
Financing Activities
 
 
 
Proceeds from issuance of long-term debt
2,123

—

1,090

Repurchase of warrants
(300
)
—

—

Repayments of long-term debt
(2,133
)
(400
)
(275
)
Net proceeds from issuance of mandatory convertible preferred stock
—

—

556

Net proceeds from issuance of common shares under public offering
—

—

1,600

Redemption of preferred stock issued to the U.S. Treasury
—

—

(3,400
)
Treasury stock acquired
(154
)
(46
)
—

Proceeds from net issuances of common shares under incentive and stock compensation plans and excess tax benefits
7

9

22

Dividends paid — Preferred shares
(42
)
(42
)
(85
)
Dividends paid — Common Shares
(175
)
(153
)
(85
)
Cash used for financing activities
(674
)
(632
)
(577
)
Net change in cash
—

—

—

Cash — beginning of year
—

—

—

Cash — end of year
$
—

$
—

$
—

Supplemental Disclosure of Cash Flow Information
 
 
 
Interest Paid
$
443

$
483

$
465

Dividends Received from Subsidiaries
$
1,026

$
976

$
1,006

The condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto.