EX-99.02 5 higex99022012revisedselect.htm REVISED SELECTED FINANCIAL DATA HIG Ex 99.02 2012 Revised Selected Financial Data


EXHIBIT 99.02
Item 6.
SELECTED FINANCIAL DATA
(In millions, except for per share data and combined ratios)
 
2012
2011
2010
2009
2008
Income Statement Data
 
 
 
 
 
Earned premiums
$
13,631

$
14,088

$
14,055

$
14,424

$
15,503

Fee income
4,386

4,700

4,697

4,493

5,066

Net investment income (loss):
 
 
 
 
 
Securities available-for-sale and other
4,227

4,263

4,354

4,018

4,319

Equity securities, trading
4,364

(1,345
)
(1,012
)
2,845

(10,094
)
Total net investment income (loss)
8,591

2,918

3,342

6,863

(5,775
)
Net realized capital losses:
 
 
 
 
 
Total other-than-temporary impairment (“OTTI”) losses
(389
)
(263
)
(852
)
(2,191
)
(3,964
)
OTTI losses recognized in other comprehensive income
40

89

418

683


Net OTTI losses recognized in earnings
(349
)
(174
)
(434
)
(1,508
)
(3,964
)
Net realized capital gains (losses), excluding net OTTI losses recognized in earnings
(395
)
(52
)
(157
)
(529
)
(1,883
)
Total net realized capital losses
(744
)
(226
)
(591
)
(2,037
)
(5,847
)
Other revenues
258

253

267

261

249

Total revenues
26,122

21,733

21,770

24,004

9,196

Benefits, losses and loss adjustment expenses
13,248

14,627

13,018

13,806

14,085

Benefits, losses and loss adjustment expenses — returns credited on international variable annuities
4,363

(1,345
)
(1,012
)
2,845

(10,094
)
Amortization of deferred policy acquisition costs and present value of future profits
1,988

2,444

1,692

3,125

3,049

Insurance operating costs and other expenses
5,204

5,269

5,292

5,235

5,516

Loss on extinguishment of debt
910





Reinsurance loss on disposition, including goodwill impairment of $342
533





Interest expense
457

508

508

476

343

Goodwill impairment

30


32

745

Total benefits, losses and expenses
26,703

21,533

19,498

25,519

13,644

Income (loss) from continuing operations before income taxes
(581
)
200

2,272

(1,515
)
(4,448
)
Income tax expense (benefit)
(481
)
(373
)
568

(805
)
(1,815
)
Income (loss) from continuing operations, net of tax
(100
)
573

1,704

(710
)
(2,633
)
Income (loss) from discontinued operations, net of tax
62

139

(68
)
(59
)
(131
)
Net income (loss)
(38
)
712

1,636

(769
)
(2,764
)
Preferred stock dividends and accretion of discount
42

42

515

127

8

Net income (loss) available to common shareholders
$
(80
)
$
670

$
1,121

$
(896
)
$
(2,772
)
Balance Sheet Data
 
 
 
 
 
Separate account assets
$
141,569

$
143,870

$
159,742

$
150,394

$
130,184

Total assets
298,513

302,609

316,789

306,035

285,665

Total debt (including capital lease obligations)
7,126

6,216

6,607

5,839

6,221

Separate account liabilities
141,569

143,870

159,742

150,394

130,184

Common equity, excluding AOCI
19,048

19,679

19,188

16,696

15,135

Preferred Stock
556

556

556

2,960


AOCI, net of tax
2,843

1,251

(990
)
(3,472
)
(7,785
)
Total stockholders’ equity
22,447

21,486

18,754

16,184

7,350

Income (loss) from continuing operations, net of tax, available to common shareholders per common share
 
 
 
 
 
Basic
$
(0.32
)
$
1.19

$
2.76

$
(2.42
)
$
(8.61
)
Diluted
(0.32
)
1.11

2.54

(2.42
)
(8.61
)
Net income (loss) available to common shareholders per common share
 
 
 
 
 
Basic
$
(0.18
)
$
1.51

$
2.60

$
(2.59
)
$
(9.04
)
Diluted
(0.18
)
1.40

2.40

(2.59
)
(9.04
)
Cash dividends declared per common share
0.40

0.40

0.20

0.20

1.91

Other Data
 
 
 
 
 
Total revenues, excluding net investment income on equity securities, trading
$
21,758

$
23,078

$
22,782

$
21,159

$
19,290

Unlock benefit (charge), after-tax
$
31

$
(473
)
$
93

$
(846
)
$
(795
)
Total investments, excluding equity securities, trading
$
105,317

$
104,449

$
98,175

$
93,235

$
89,287


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