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): April 28, 2014

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 April 28, 2014, The Hartford Financial Services Group, Inc. (the "Company") issued (i) a press release announcing its financial results for the quarterly period ended March 31, 2014, and (ii) its Investor Financial Supplement (“IFS”) relating to its financial results for the quarterly period ended March 31, 2014. 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 April 28, 2014
99.2	Investor Financial Supplement of The Hartford Financial Services Group, Inc. for the quarterly period ended March 31, 2014

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:	April 28, 2014	By:	/s/ Scott R. Lewis
		Name:	Scott R. Lewis
		Title:	Senior Vice President and Controller

EX-99.1

NEWS RELEASE

The Hartford Reports First Quarter 2014 Core Earnings Of $564 Million, Or $1.18 Per Diluted Share, And Net Income Of $495 Million, Or $1.03 Per Diluted Share

• First quarter 2014 core earnings* rose 23% over first quarter 2013; core earnings per diluted share rose 27%

• Net income of $495 million, or $1.03 per diluted share, improved significantly from net loss of $241 million, or $0.58 per diluted share, in first quarter 2013

• Combined ratio improved 1.9 points excluding catastrophes, prior year development and a first quarter 2014 expense benefit for New York workers' compensation

• Group Benefits achieved a 5.1% core earnings margin

• Standard Commercial renewal written pricing increases remained strong at 7%

• Announced agreement to sell Japan annuity company HLIKK to a subsidiary of ORIX Corporation, a Japanese diversified financial services company, for $895 million; sale expected to close in July 2014

• Pro forma March 31, 2014 capital benefit from sale of HLIKK estimated at $1.4 billion; pro forma March 31, 2014 GAAP loss estimated at $675 million, after-tax

HARTFORD, Conn., April 28, 2014 – The Hartford (NYSE:HIG) reported core earnings of $564 million for the three months ended March 31, 2014 (first quarter 2014), up 23% from $457 million in first quarter 2013, reflecting improved results in all of the company's business segments. Core earnings per diluted share rose 27% to $1.18 from $0.93 in first quarter 2013, reflecting the growth in core earnings and the accretive impact of share repurchases over the past 12 months.

First quarter 2014 net income totaled $495 million, or $1.03 per diluted share, compared with a first quarter 2013 net loss of $241 million, or $0.58 per diluted share. First quarter 2014 net income includes $70 million of net realized capital losses, after-tax and deferred acquisition costs (DAC), excluded from core earnings compared with a first quarter 2013 net capital gain of $19 million, after-tax and DAC, excluded from core earnings. First quarter 2013 net loss also included an unlock charge of $541 million, after-tax, and a $138 million after-tax charge for extinguishment of debt.

*Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP).

1

“The Hartford’s first quarter earnings were outstanding, reflecting the strong fundamentals of the P&C, Group Benefits and Mutual Funds businesses,” said The Hartford’s Chairman, President and CEO Liam E. McGee. “Despite the challenging winter weather, each business segment delivered core earnings growth over the prior year. Margins are improving and premiums are growing in P&C, while Group Benefits has achieved a substantial turnaround and Mutual Funds reported positive net flows.

“This morning’s announcement on our agreement to sell the Japan annuity company marks an important turning point for The Hartford. The transaction will materially reduce The Hartford’s risk profile at attractive economics, and positions us to create even greater value for shareholders. We are very pleased with The Hartford’s transformation, and remain focused on continuing to drive profitable growth in our businesses,” added McGee.

CONSOLIDATED FINANCIAL RESULTS

($ in millions except per share data)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change2
Core earnings (loss):
P&C Commercial	$264	$224	18%
Consumer Markets	$101	$73	38%
P&C Other Operations	$21	$21	—%
Property & Casualty (Combined)	$386	$318	21%
Group Benefits	$45	$30	50%
Mutual Funds	$21	$20	5%
Sub-total	$452	$368	23%
Talcott Resolution	$175	$162	8%
Corporate	($63)	($73)	14%
Core earnings	$564	$457	23%
Net income (loss)	$495	($241)	NM
Net income (loss) available to common shareholders per diluted share1	$1.03	$(0.58)	NM
Weighted average diluted common shares outstanding	478.6	493.1	(3)%
Core earnings available to common shareholders per diluted share1	$1.18	$0.93	27%

[1] Includes dilutive potential common shares

[2] 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

First quarter2014 financial results included the following items that had a favorable $58 million, after-tax, or $0.12 per diluted share, impact on both net income and core earnings compared with items that increased net income and core earnings by a total of $27 million, after-tax, or $0.05 per diluted share, in first quarter 2013:

2

• Catastrophe losses in first quarter 2014 were approximately equal to the company's $57 million, after-tax, outlook but were higher than first quarter 2013 catastrophe losses of $21 million, after-tax, which were $36 million lower than the company's outlook;

• Favorable P&C (Combined) prior year loss and loss adjustment expense reserve development (PYD) of $26 million, after-tax, or $0.05 per diluted share, compared with first quarter 2013 unfavorable PYD of $9 million, after-tax, or $0.02 per diluted share; and

• A reduction in the estimated liability for New York State Workers’ Compensation Board assessments (NY Assessments) of $32 million, after-tax, or $0.07 per diluted share, due to a change in legislation effective Jan. 1, 2014.

PROPERTY & CASUALTY (COMBINED)

First Quarter2014 Highlights:

• Written premiums grew 3% over first quarter 2013

• Combined ratio, before catastrophes and PYD, of 87.9

• Core earnings rose 21% to $386 million compared with $318 million in first quarter 2013

PROPERTY & CASUALTY (COMBINED)
($ in millions)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change
Written premiums	$2,597	$2,523	3%
Underwriting gain*	$253	$154	64%
PYD, before tax	$(40)	$14	NM
Current accident year catastrophe losses, before tax	$86	$32	169%
Expense ratio	26.0	28.2	2.2
Combined ratio	89.8	93.6	3.8
Combined ratio before catastrophes and PYD*	87.9	91.8	3.9
Investment income	$326	$312	4%
Core earnings	$386	$318	21%
Net income	$363	$351	3%

Note: Underwriting gain, expense ratio, combined ratio and combined ratio before catastrophes and PYD, core earnings and net income include a $49 million, before tax ($32 million, after-tax), benefit, or 2.0 points on the expense and combined ratios, related to NY Assessments in the three months ended March 31, 2014.

First quarter2014 written premiums increased 3% over the prior year period, comprised of 1% growth in P&C Commercial and 6% growth in Consumer Markets.

First quarter2014 underwriting gain was $253 million, up 64% from an underwriting gain of $154 million in first quarter 2013 as a result of improved current accident year results and favorable PYD, partially offset by higher catastrophe losses. First quarter 2014 underwriting gain also included a $49 million, before tax ($32 million, after-tax), benefit, or 2.0 points on the combined ratio, related to NY Assessments. Including this benefit, the combined ratio for first quarter 2014 improved 3.8 points to 89.8 compared with 93.6 in first quarter 2013.

3

Catastrophe losses totaled $86 million, before tax, in first quarter 2014, approximately equal to the company's $87 million outlook, but increased substantially, largely from prior year catastrophes, from first quarter 2013 catastrophe losses of $32 million, before tax. Favorable PYD totaled $40 million, before tax, in first quarter 2014, compared with an unfavorable $14 million, before tax, in first quarter 2013.

The first quarter 2014 P&C (Combined) combined ratio, before catastrophes, PYD and the 2.0 point benefit related to NY Assessments, improved 1.9 points to 87.9 compared with 91.8 in first quarter 2013. This improvement reflects better results in both P&C Commercial and Consumer Markets.

First quarter2014 P&C (Combined) core earnings were $386 million, an increase of 21% from $318 million in first quarter 2013, largely due to improved underwriting results. First quarter 2014 net income was $363 million compared with $351 million in first quarter 2013, as improved underwriting results were reduced by net realized capital losses not included in core earnings of $23 million, after-tax, in first quarter 2014, compared with net realized capital gains not included in core earnings of $33 million, after-tax, in first quarter 2013.

P&C Commercial

First Quarter2014 Highlights:

• Written premiums grew 1%, driven by growth of 3% in Small Commercial and 4% in Middle Market

• Standard Commercial renewal written pricing increases remained strong, averaging 7% in first quarter2014

• Combined ratio, before catastrophes and PYD, of 87.7

P&C COMMERCIAL
($ in millions)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change
Written premiums	$1,669	$1,645	1%
Underwriting gain	$136	$91	49%
Combined ratio	91.2	94.0	2.8
Combined ratio before catastrophes and PYD	87.7	93.1	5.4
Small Commercial	83.7	89.2	5.5
Middle Market	90.1	95.8	5.7
Specialty	94.7	98.9	4.2
Standard Commercial renewal written pricing increases	7%	8%	(1.0)

Note: Expense ratio includes favorable 3.2 points related to NY Assessments in the three months ended March 31, 2014

4

First quarter 2014 written premiums grew 1% to $1,669 million from $1,645 million in first quarter2013 as a result of 3% growth in Small Commercial and 4% growth in Middle Market, offset by an 8% reduction in Specialty Commercial. Written premium growth resulted from rate increases and higher retention in Small Commercial and Middle Market and stronger new business production in Middle Market. The reduction in Specialty Commercial written premiums was due to 2013 underwriting initiatives in the Programs line, where premiums declined 43% due to the company's exit from transportation programs. Excluding Programs, Specialty Commercial written premiums grew 16% driven by growth in National Accounts.

Renewal written pricing increases in Standard Commercial, which is comprised of Small Commercial and Middle Market, remained strong at 7% and above loss cost inflation trends in first quarter2014 and included price increases in all business lines. Renewal written pricing increases averaged 7% and 6% in Small Commercial and Middle Market, respectively.

New business premium for Small Commercial was essentially flat with first quarter 2013 at $131 million, while Middle Market new business premium rose 14% to $111 million from first quarter2013. Policy count retention in Small Commercial was 83% in first quarter2014, up one point from 82% in first quarter2013. Middle Market policy count retention for first quarter2014 was 81%, up 4 points from 77% in first quarter2013.

P&C Commercial underwriting gain was $136 million in first quarter2014 versus an underwriting gain of $91 million in first quarter2013 due to the NY Assessments expense benefit and improved current accident year results, partially offset by higher catastrophe losses. The first quarter 2014 combined ratio, before catastrophes and PYD, improved 5.4 points to 87.7 in first quarter2014 compared with 93.1 in first quarter2013. The improvement was driven by a 2.2 point improvement in underwriting results driven by Small Commercial and Middle Market and a 3.2 point expense benefit related to NY Assessments.

The first quarter 2014 combined ratio of 91.2 was up slightly over first quarter 2013 excluding the NY Assessments, largely due to increased catastrophes that were partially offset by favorable PYD in first quarter 2014. First quarter2014 catastrophe losses totaled $60 million, before tax, compared with $6 million, before tax, in first quarter2013. Favorable PYD totaled $7 million, before tax, in first quarter 2014 compared with unfavorable PYD of $8 million, before tax, in first quarter 2013.

5

Consumer Markets

First Quarter2014 Highlights:

• Written premiums rose 6% over first quarter2013

• New business premium increased 16% year over year, driven by auto

• Combined ratio improved to 86.5 compared with 92.0 in first quarter2013

CONSUMER MARKETS
($ in millions)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change
Written premiums	$927	$878	6%
Underwriting gain	$125	$72	74%
Combined ratio	86.5	92.0	5.5
Combined ratio before catastrophes and PYD	87.4	88.6	1.2

First quarter2014 written premiums in Consumer Markets rose 6% from first quarter2013 as a result of strong new business premium growth, improved policy retention, and sustained renewal written price increases. New business premium in first quarter 2014 totaled $136 million, 16% higher than first quarter2013 new business premium of $117 million due to strong auto new business growth across all channels, but particularly in AARP Agency and Other Agency. First quarter2014 premium retention for auto improved 1 point to 89% and homeowners increased by 1 point to 93%. First quarter2014 renewal written price increases averaged 5% in auto and 8% in homeowners, compared with 5% and 6%, respectively, in first quarter2013.

Consumer Markets recorded an underwriting gain of $125 million in first quarter2014 compared with an underwriting gain of $72 million in first quarter2013. First quarter 2014 combined ratio was 86.5, 5.5 points better than first quarter 2013 combined ratio of 92.0, primarily due to an improved expense ratio and favorable PYD. Catastrophe losses totaled $26 million, before tax, in first quarter 2014, flat with first quarter 2013. Favorable PYD in first quarter 2014 totaled $34 million, before tax, and was due to favorable development on prior year catastrophes and homeowners, compared with unfavorable PYD of $4 million, before tax, in first quarter 2013.

Before catastrophes and PYD, first quarter2014 combined ratio improved 1.2 points to 87.4 from 88.6 in first quarter 2013 due to a lower expense ratio as a result of higher earned premiums and reduced marketing spending. The first quarter 2014 current accident year loss ratio of 63.6 deteriorated modestly from 63.4 in first quarter 2013, primarily driven by adverse winter weather in January and February.

6

P&C Other Operations

First quarter2014underwriting loss was$8 millioncompared with$9 millioninfirst quarter2013.First quarter2014 results included unfavorablePYD of$1 million, before tax, whilefirst quarter2013 had unfavorable PYD of$2 million, before tax.

7

GROUP BENEFITS

First Quarter2014 Highlights:

• Core earnings of $45 million, up 50% from first quarter 2013, due primarily to improved group long-term disability results

• After-tax core earnings margin improved to 5.1% compared with 3.2% in first quarter 2013

• Loss ratio improved 2.9 points from first quarter 2013 to 74.5%

GROUP BENEFITS
($ in millions)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change
Fully insured premiums¹	$776	$812	(4%)
Loss ratio	74.5%	77.4%	2.9
Core earnings	$45	$30	50%
After-tax core earnings margin	5.1%	3.2%	1.9

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

First quarter2014 Group Benefits core earnings totaled $45 million, a 50% increase from $30 million in first quarter 2013, primarily due to improved group long-term disability resulting from improved long-term disability incidence trends, continued strong long-term disability recoveries and improved pricing. Net income in first quarter 2014 totaled $51 million, up 21% from $42 million in first quarter 2013, reflecting higher core earnings, partially offset by lower net realized capital gains excluded from core earnings of $6 million, after-tax, in first quarter 2014 compared with $12 million, after-tax, in first quarter 2013.

The loss ratio of 74.5% in first quarter 2014 improved by 2.9 points from 77.4% in first quarter 2013 due to improved group long-term disability results. The group disability loss ratio, which combines both short-term and long-term disability results, improved by 7.5 points to 82.4% from 89.9% in first quarter 2013. As a result of improved loss trends, the after-tax core earnings margin rose to 5.1% from 3.2% in first quarter 2013.

In first quarter 2014, fully insured ongoing premiums were $776 million, down 4% from first quarter 2013. The reduction in premiums was primarily due to continued management actions related to the Association-Financial Institutions block of business. Excluding this block of business, fully insured Group Benefits premiums declined 1% from first quarter 2013.

8

MUTUAL FUNDS

First Quarter2014 Highlights:

• Retail and retirement mutual fund (Mutual Funds) net flows of $18 million were positive for the first time since first quarter 2011

•Core earnings were $21 million, up 5% from first quarter2013

• Total Mutual Funds assets under management (AUM) of $73.3 billion at March 31, 2014, an 11% increase from March 31, 2013

MUTUAL FUNDS
($ in millions)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change
Core earnings	$21	$20	5%
Total Mutual Funds sales	$3,692	$4,104	(10%)
Total Mutual Funds net flows	$18	$(498)	NM
Total Mutual Funds AUM	$73,346	$65,808	11%
Average Mutual Funds AUM	$72,132	$63,710	13%
Annuity AUM	$24,957	$26,628	(6%)
Total AUM	$98,303	$92,436	6%
Average AUM	$97,519	$90,042	8%

First quarter2014 Mutual Funds net flows totaled $18 million, the first positive quarter since first quarter 2011, compared with net outflows of $498 million in first quarter 2013. The improvement in net flows reflects a 9 point improvement in the annualized redemption rate (gross redemptions divided by beginning of period AUM) from 30% in first quarter 2013 to 21% in first quarter 2014. Mutual Funds sales totaled $3.7 billion, down 10% from first quarter 2013, due to lower sales of fixed income retail mutual funds.

Total core earnings for the Mutual Funds segment rose 5% to $21 million in first quarter 2014 compared with $20 million in first quarter 2013. First quarter 2014 net income was $21 million, up 17% from $18 million in first quarter 2013. Core earnings and net income grew as a result of increased revenue from higher average AUM reflecting improved net flows and higher equity capital market levels. Core earnings for Mutual Funds increased, partially offset by lower core earnings from annuity mutual funds (Annuity) that are associated with the company's run-off U.S. VA block.

Total AUM rose 6% to $98.3 billion at March 31, 2014 from $92.4 billion at March 31, 2013 due to 11% growth in Mutual Funds AUM during that time period, partially offset by a 6% decline in Annuity AUM, reflecting the run-off of that block of business.

9

TALCOTT RESOLUTION

First Quarter2014 Highlights:

• Announced agreement to sell Japan annuity business for $895 million; expected to close in July 2014

• Transaction will permanently eliminate The Hartford's Japan variable annuity (VA) risk

• U.S. VA policy counts declined 3% from Dec. 31, 2013 while annualized full surrender rate was 12% during first quarter 2014

TALCOTT RESOLUTION
($ in millions)	Three Months Ended
	Mar. 31 2014	Mar. 31 2013	Change
Core earnings	$175	$162	8%
Net income (loss)	$145	$(294)	NM
U.S. VA annualized full surrender rate1	12.3%	14.5%	(2.2)
Japan VA annualized full surrender rate1	38.1%	9.6%	28.5
U.S. VA account value	$59,547	$65,500	(9%)
Japan VA account value	$17,800	$26,934	(34%)

[1] Full surrender rate represents full contract liquidation; excludes partial withdrawals and lump sum elections at annuitization

First Quarter 2014 Results

Talcott Resolution first quarter 2014 core earnings were $175 million, an 8% increase over $162 million in first quarter 2013 due to higher limited partnerships and other alternative investment income, lower DAC amortization and lower costs from the Enhanced Surrender Value (ESV) program that, in total, more than offset the decline in fee income due to VA surrender activity over the past 12 months. First quarter 2013 core earnings included $25 million, after-tax, of costs for the company's ESV program, while first quarter 2014 results did not include material ESV program costs.

Net income for Talcott Resolution in first quarter 2014 totaled $145 million compared with a net loss of $294 million in first quarter 2013, which included a $541 million, after-tax, charge, primarily driven by the write-off of Japan VA DAC as a result of expanded hedging programs during that quarter. First quarter 2014 net income included net realized capital losses excluded from core earnings of $44 million, after-tax and DAC, partially offset by an unlock benefit of $14 million, after-tax. First quarter 2013 net loss included a DAC unlock charge of $541 million, after-tax, net realized capital gains excluded from core earnings of $43 million, after-tax, and a net reinsurance gain on disposition of $44 million, after-tax, related to the sale of the Retirement Plans business in January 2013.

10

Primarily as a result of surrender activity, U.S. VA account values declined 4% to $59.5 billion from $61.8 billion at Dec. 31, 2013. U.S. VA policy counts as of March 31, 2014 declined 3% from Dec. 31, 2013, a permanent reduction in risk. In first quarter 2014, the U.S. VA annualized full surrender rate was 12.3%, including 1.1 points from the ESV program, compared with 14.5% in first quarter 2013, which included 3.5 points from the ESV program. Surrenders, excluding the impact of the ESV program, were up slightly from first quarter 2013 due to the moneyness and aging of the U.S. VA block. At March 31, 2014, only 6% of contracts with living benefit guarantees were in-the-money; the average moneyness of these contracts was 12% as of March 31, 2014.

Due largely to first quarter 2014 surrenders and lump sum annuitization withdrawals, Japan VA account values declined by 12% to $17.8 billion at March 31, 2014 from $20.1 billion at Dec. 31, 2013, while Japan VA policy counts as of March 31, 2014 declined 11% from Dec. 31, 2013, a permanent reduction in risk. The Japan VA annualized full surrender rate, which does not include lump sum withdrawals by policyholders that have reached annuitization eligibility,

was 38.1% in first quarter 2014, up from 9.6% in first quarter 2013. The increase in the Japan VA surrender rate was due both to the improved moneyness level and the aging of the block. At March 31, 2014 approximately 26% of the contracts with living benefit guarantees, including guaranteed minimum income benefits, were in-the-money; the average moneyness of these contracts was only 4% at March 31, 2014.

Announcement of Agreement to Sell Japan Annuity Business

Earlier today, The Hartford announced that the agreement to sell Hartford Life Insurance K.K. (HLIKK), its Japan annuity company, for $895 million to a subsidiary of ORIX Corporation (NYSE: IX), a diversified Japanese financial services company. Closing of the sale which is expected in July, is subject to satisfaction or waiver of customary conditions, including regulatory approvals from the Japan Financial Services Agency and other regulators and other terms and conditions, as described in the purchase agreement in the company's 8-K filing with the SEC.

Concurrent with closing, all reinsurance agreements between HLIKK and The Hartford's U.S. life insurance subsidiaries will terminate, with the exception of an agreement covering about $1.1 billion of fixed payout annuities related to the 3Win product written by HLIKK.

The Company estimates that the March 31, 2014 pro forma effect of the sale is a GAAP loss of approximately $675 million, after-tax, and a statutory surplus loss of approximately $275 million, after-tax, in its U.S. life subsidiaries. The expected loss on sale and the results of operations of HLIKK prior to closing of the transaction will be reported as discontinued operations beginning in the second quarter of 2014. As discontinued operations, the results of operations of HLIKK will be excluded from income from continuing operations and from core earnings for all periods presented in the financial statements.

The Company estimates a March 31, 2014 pro forma capital benefit from the transaction of approximately $1.4 billion, including the net sales proceeds of approximately $860 million, after-tax, and an estimated reduction in capital required in the Company’s U.S. life insurance subsidiaries of approximately $540 million due to the termination of certain reinsurance agreements with those subsidiaries supporting the Japan annuity business.

The purchase price is subject to potential upward or downward adjustment at the closing based on changes in the adjusted net worth of HLIKK and changes in the value of the in-force variable annuity business of HLIKK from a reference date of Dec. 31, 2013 through the date of closing.

11

The estimated March 31, 2014 GAAP loss, statutory surplus loss and total capital benefit from the sale will be impacted by any adjustments to the purchase price, offset by any gains or losses in the Company’s Japan VA hedging program. While the Company’s Japan VA hedging program is designed to largely offset the effect of the purchase price adjustment on the estimated capital benefit, gains or losses from the hedging program could differ materially from the purchase price adjustment. Under such circumstances, the total capital benefit of the transaction at closing and the estimated GAAP loss and statutory surplus loss could differ materially from the estimates set forth above.

12

CORPORATE

First quarter2014Corporate core losses totaled$63 million, versus core losses of$73 millioninfirst quarter2013. The Corporate net loss totaled$85 million infirst quarter2014compared with a net loss of$358 millioninfirst quarter2013. The net loss in first quarter 2013 included a $138 million charge, after-tax, for the early extinguishment of debt and a $69 million loss on disposition, after-tax, due to a reduction in goodwill related to the sale of the Retirement Plans business in January 2013. The improvement in core losses was principally due to lower interest expense as a result of debt repayments during 2013. Interest expense decreased from $107 million, before tax, in first quarter 2013 to $95 million, before tax, in first quarter 2014.

13

INVESTMENTS

First Quarter2014 Highlights:

• Annualized investment yield of 4.4%, before tax, higher than first quarter 2013

• Annualized investment yield, excluding limited partnerships and other alternative investments, before tax, was 4.0%, down from 4.1% in first quarter 2013

• Net impairment losses, including mortgage loan loss reserves, totaled $22 million, before tax

INVESTMENTS
($ in millions)	Three Months Ended
Amounts presented before tax	Mar. 31 2014			Mar. 31 2013			Change
Net investment income, excluding trading securities		$836			$856		(2	%)
Net impairment losses including mortgage loan loss reserves		($22	)		($21	)	(5	%)
Annualized investment yield1	4.4		%	4.3		%	0.1
Annualized investment yield on limited partnership and other alternative investments	13.0		%	8.8		%	4.2
Annualized investment yield, excluding limited partnerships and other alternative investments	4.0		%	4.1		%	(0.1	)

[1] Yields, before tax, 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 repurchase agreement collateral.

First quarter 2014 net investment income, excluding trading securities associated with the company's Japan VA business, totaled $836 million, before tax, a 2% decrease from first quarter 2013. The decrease in net investment income was largely due to a reduced level of invested assets, primarily in Talcott Resolution, and lower income from repurchase agreements, compared with first quarter 2013.

Annualized investment yield, before tax, including investment income on limited partnerships and other alternative investments, was 4.4% in first quarter 2014, slightly higher than first quarter 2013. Limited partnerships and other alternative investments generated income of $97 million, before tax, for an annualized return of 13% in first quarter 2014 compared with first quarter 2013 investment income of $66 million, before tax, or 9%. First quarter 2014 annualized investment yield, before tax, excluding limited partnerships and other alternative investments, decreased to 4.0%, compared with 4.1% in first quarter 2013. The reduction in annualized investment yield from first quarter 2013 was primarily due to reduced income from repurchase agreements compared with first quarter 2013.

First quarter 2014 new money yields of 3.9% approximated the yield on securities that matured or were sold during the quarter. The duration of the general account portfolio, excluding certain assets related to hedging the VA business, was 5.0 years at March 31, 2014, shorter than the duration of 5.3 years at Dec. 31, 2013.

The credit performance of the company's general account assets remains strong. Net impairment losses in first quarter 2014, including the change in mortgage loan loss reserves, totaled $22 million, before tax, compared with $21 million, before tax, in first quarter 2013.

14

The fair value of total invested assets, excluding trading securities associated with the company's Japan VA business, was $79.7 billion as of March 31, 2014 compared with $78.7 billion at Dec. 31, 2013, a slight increase principally due to lower market interest rates and credit spread tightening as of March 31, 2014 compared with Dec. 31, 2013. This also impacted net unrealized gains on available-for-sale securities, which rose to $2.9 billion, before tax, as of March 31, 2014, up from $1.7 billion, before tax, as of Dec. 31, 2013.

15

STOCKHOLDERS’ EQUITY

($ in millions)	As of
	Mar. 31 2014	Dec. 31 2013
Stockholders' equity	$19,774	$18,905
Stockholders' equity (ex. AOCI)¹	$19,115	$18,984
Book value per diluted share	$41.56	$39.14
Book value per diluted share (ex. AOCI)*	$40.17	$39.30

[1] Accumulated other comprehensive income (AOCI)

The Hartford’s stockholders’ equity was $19.8 billion as of March 31, 2014, an increase of $0.9 billion, or 5%, from $18.9 billion as of Dec. 31, 2013, principally due to first quarter 2014 net income of $495 million and the impact of lower interest rates at March 31, 2014 on AOCI. March 31, 2014 shareholders' equity includes first quarter 2014 share repurchases totaling $300 million and common dividends of $67 million.

Duringfirst quarter2014, the company repurchased8.8 million common shares, which contributed to the reduction inoutstanding and dilutive potential common shares from 483.0 millionat Dec. 31, 2013 to 475.8 million at March 31, 2014. Under the capital management plan announced in February 2014, the company has$2 billionof equity repurchase authorization through Dec. 31, 2015. As of April 23, 2014, the company hasrepurchased equity totaling $600 million under this program, including $300 million in first quarter 2014 and $300 million since April 1, 2014.

Book value per diluted common share was $41.56 as of March 31, 2014, an increase of 6% compared with $39.14 as of Dec. 31, 2013. Excluding AOCI, book value per diluted common share* increased 2% to $40.17 as of March 31, 2014, compared with $39.30 as of Dec. 31, 2013.

CONFERENCE CALL

The Hartford will discuss itsfirst quarter2014financial results in a webcast on Tuesday, April 29, 2014 at 9 a.m. EDT. The webcast, 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. EDT on April 29, 2014.

More detailed financial information can be found in The Hartford's Investor Financial Supplement for March 31, 2014, which is available at http://ir.thehartford.com.

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 service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com.

16

From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at http://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at http://ir.thehartford.com.

HIG-F

Media Contacts                    Investor Contacts

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 Mar. 31, 2014
	Property & Casualty			Group Benefits		Mutual Funds		Talcott Resolution			Corporate			Consolidated
Earned premiums	$	2,469		$	784	$	—	$	48		$	—		$	3,301
Fee income	—			15		174		429			3			621
Net investment income (loss)
Securities available-for-sale and other	326			96		—		412			2			836
Equity securities, trading [1]	—			—		—		(236		)	—			(236		)
Total net investment income	326			96		—		176			2			600
Other revenues	25			—		—		—			—			25
Net realized capital gains (losses)	(37		)	8		—		(48		)	(9		)	(86		)
Total revenues	2,783			903		174		605			(4		)	4,461
Benefits, losses, and loss adjustment expenses	1,570			597		—		437			—			2,604
Benefits, losses, and loss adjustment expenses – returns credited on international variable annuities [1]	—			—		—		(236		)	—			(236		)
Amortization of deferred policy acquisition costs	311			9		9		67			—			396
Insurance operating costs and other expenses	396			228		132		159			12			927
Interest expense	—			—		—		—			95			95
Restructuring and other costs	—			—		—		—			20			20
Total benefits and expenses	2,277			834		141		427			127			3,806
Income (loss) before income taxes	506			69		33		178			(131		)	655
Income tax expense (benefit)	143			18		12		33			(46		)	160
Net income (loss)	363			51		21		145			(85		)	495
Less: Unlock benefit, after-tax	—			—		—		14			—			14
Less: Restructuring and other costs, after-tax	—			—		—		—			(13		)	(13		)
Less: Net realized capital gains (losses), after-tax and DAC, excluded from core earnings	(23		)	6		—		(44		)	(9		)	(70		)
Core earnings (losses)	$	386		$	45	$	21	$	175		$	(63	)	$	564

[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 benefits, losses and loss adjustment expenses.

18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
($ in millions)
Three Months Ended Mar. 31, 2013
	Property & Casualty		Group Benefits		Mutual Funds			Talcott Resolution			Corporate			Consolidated
Earned premiums	$	2,425	$	812	$	—		$	15		$	—		$	3,252
Fee income	—		14		160			503			3			680
Net investment income (loss)
Securities available-for-sale and other	312		97		—			434			13			856
Equity securities, trading [1]	—		—		—			2,562			—			2,562
Total net investment income (loss)	312		97		—			2,996			13			3,418
Other revenues	68		—		—			—			—			68
Net realized capital gains	51		18		—			1,633			(96		)	1,606
Total revenues	2,856		941		160			5,147			(80		)	9,024
Benefits, losses, and loss adjustment expenses	1,582		639		—			443			—			2,664
Benefits, losses, and loss adjustment expenses – returns credited on international variable annuities [1]	—		—		—			2,562			—			2,562
Amortization of deferred policy acquisition costs	310		8		9			1,009			—			1,336
Insurance operating costs and other expenses	471		240		122			128			26			987
Loss on extinguishment of debt	—		—		—			—			213			213
Reinsurance loss on dispositions	—		—		—			1,505			69			1,574
Interest expense	—		—		—			—			107			107
Restructuring and other costs	—		—		1			1			16			18
Total benefits and expenses	2,363		887		132			5,648			431			9,461
Income (loss) from continuing operations before income taxes	493		54		28			(501		)	(511		)	(437		)
Income tax expense (benefit)	142		12		10			(208		)	(153		)	(197		)
Income (loss) from continuing operations	351		42		18			(293		)	(358		)	(240		)
Loss from discontinued operations, after-tax	—		—		—			(1		)	—			(1		)
Net income (loss)	351		42		18			(294		)	(358		)	(241		)
Less: Unlock benefit, after-tax	—		—		—			(541		)	—			(541		)
Less: Restructuring and other costs, after-tax	—		—		(1		)	(1		)	(10		)	(12		)
Less: Loss from discontinued operations, after-tax	—		—		—			(1		)	—			(1		)
Less: Loss on extinguishment of debt, after-tax	—		—		—			—			(138		)	(138		)
Less: Net reinsurance loss on dispositions, after-tax								44			(69		)	(25		)
Less: Net realized capital gains (losses) and other, after-tax and DAC, excluded from core earnings	33		12		(1		)	43			(68		)	19
Core earnings (losses)	$	318	$	30	$	20		$	162		$	(73	)	$	457

[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 benefits, losses and loss adjustment expenses.

19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
RESULTS BY SEGMENT
($ in millions, except per share data)
	Three Months Ended
	Mar. 31 2014			Mar. 31 2013			Change
Core earnings (losses):
P&C Commercial	$	264		$	224		18%
Consumer Markets	101			73			38%
P&C Other Operations	21			21			—%
Property & Casualty Combined	386			318			21%
Group Benefits	45			30			50%
Mutual Funds	21			20			5%
Sub-total	452			368			23%
Talcott Resolution	175			162			8%
Corporate	(63		)	(73		)	(14)%
CONSOLIDATED CORE EARNINGS	564			457			23%
Add: Unlock benefit (charge), after-tax	14			(541		)	NM
Add: Restructuring and other costs, after-tax	(13		)	(12		)	8%
Add: Income (loss) from discontinued operations, after-tax	—			(1		)	100%
Add: Loss on extinguishment of debt, after-tax	—			(138		)	100%
Add: Net reinsurance loss on dispositions, after-tax	—			(25		)	100%
Add: Net realized capital losses, after-tax and DAC, excluded from core earnings	(70		)	19			NM
Net income (loss)	$	495		$	(241	)	NM
PER SHARE DATA
Diluted earnings (losses) per common share
Core earnings available to common shareholders and assumed conversion of preferred shares	$	1.18		$	0.93		27%
Add: Unlock benefit (charge), after-tax	0.03			(1.15		)	NM
Add: Restructuring and other costs, after-tax	(0.03		)	(0.03		)	—%
Add: Income (loss) from discontinued operations, after-tax	—			(0.01		)	100%
Add: Loss on extinguishment of debt, after-tax	—			(0.29		)	100%
Add: Net reinsurance loss on dispositions, after-tax	—			(0.05		)	100%
Add: Net realized capital losses, after-tax and DAC, excluded from core earnings	(0.15		)	—			100%
Less: Assumed conversion of preferred dividends	—			(0.02		)	100%
Net income (loss) available to common shareholders	$	1.03		$	(0.58	)	NM

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.”

20

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 first quarter2014, which is available on The Hartford's website, http://ir.thehartford.com.

Book valueper 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 believesbook 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. Book value per diluted common share is the most directly comparable GAAP measure. A reconciliation of book value per diluted common share, including AOCI to book value per diluted common share, excluding AOCI is set forth below.

	As of
	Mar. 31 2014	Dec. 31 2013	Change
Book value per diluted common share, including AOCI	$41.56	$39.14	6%
Less: Per diluted share impact of AOCI	$1.39	$(0.16)	NM
Book value per diluted common share, excluding AOCI	$40.17	$39.30	2%

Combined ratio before catastrophes and prior year development: Combined ratio before catastrophes and prior year development (PYD) 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 PYD represents the combined ratio for the current accident year, excluding the impact of current accident year catastrophes. 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 PYD is provided in the table below.

21

	Three Months Ended
	Mar. 31 2014	Mar. 31 2013
P&C Commercial
Combined ratio	91.2	94.0
Catastrophe ratio	3.1	0.4
Non-catastrophe PYD	0.3	0.5
Combined ratio, excl. catastrophes and PYD	87.7	93.1
Consumer Markets
Combined ratio	86.5	92.0
Catastrophe ratio	0.5	3.1
Non-catastrophe PYD	(1.4)	0.2
Combined ratio, excl. catastrophes and PYD	87.4	88.6

Core Earnings: The Hartford uses thenon-GAAP measure core earnings as an important measure of the company’s operating performance. The Hartford believes 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, gains and losses on business disposition transactions, certain restructuring charges and the impact of Unlocks to deferred policy acquisition costs ("DAC"), sales inducement assets ("SIA"), unearned revenue reserves ("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 (net of 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 (loss) is the most directly comparable U.S. GAAP measure. Core earnings should not be considered as a substitute for net income (loss) 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 (loss) and core earnings when reviewing the company’s performance.

A reconciliation of core earnings to net income (loss) for the quarterly periods ended March 31, 2014 and 2013, is included in this press release. A reconciliation of core earnings to net income (loss) for individual reporting segments can be found in this press release under the heading "The Hartford Financial Services Group, Inc. Consolidating Income Statements" and in The Hartford's Investor Financial Supplement for the quarter ended March 31, 2014.

22

Core earnings available to common 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 common shares outstanding. The Hartford believes that the measure core earnings available to common shareholders per diluted share provides investors with a valuable measure of the company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) per diluted common share is the most directly comparable GAAP measure. Core earnings available to common shareholders per diluted share should not be considered as a substitute for net income (loss) 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 (loss)per diluted share and core earnings available to common shareholders per diluted share when reviewing the company's performance. A reconciliation of core earnings available to common shareholders per diluted share to net income (loss) per diluted common share for thequarterly periods ended March 31, 2014 and 2013 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 for thequarterly periods ended March 31, 2014 and 2013,is set forth below.

23

	Three Months Ended
	Mar. 31 2014	Mar. 31 2013
P&C Commercial
Net income	$242	$253
Less: Net realized capital gains (losses)	(32)	43
Add: Income tax expense	90	99
Less: Net servicing income	3	6
Less: Other income	(31)	(28)
Less: Net investment income	256	240
Underwriting gain	$136	$91
Consumer Markets
Net income	$99	$77
Less: Net realized capital gains	(5)	7
Add: Income tax expense	48	36
Less: Net servicing income	—	9
Less: Other income	(8)	(12)
Less: Net investment income	35	37
Underwriting gain	$125	$72

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: risks that the total capital benefit of the Hartford Life Insurance KK transaction and the U.S. GAAP after-tax loss and statutory surplus loss at closing could differ materially from estimates; challenges related to the company's current operating environment, including global political, economic and market conditions, and the effect of financial market disruptions, economic downturns or other potentially adverse macroeconomic developments on the attractiveness of our products, the returns in our investment portfolios and the hedging costs associated with our variable annuities business; the risks, challenges and uncertainties associated with the strategic realignment of our business to focus on our property and casualty, group benefits and mutual fund businesses; the risks, challenges and uncertainties associated with our capital management plan, expense reduction initiatives and other actions, which may include acquisitions, divestitures or restructurings; execution risk related to the continued reinvestment of our investment portfolios and refinement of our hedge program for our run-off annuity block; market 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

24

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 of analytical models in making decisions in key areas such as underwriting, capital, hedging, 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 statutory and U.S. GAAP 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 implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and 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; unfavorable judicial or legislative developments; 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 and similar third-party 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 factors described in such forward-looking statements or in The Hartford's 2013 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings The Hartford makes with the Securities and Exchange Commission.

25

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.

26

EX-99.2

INVESTOR FINANCIAL SUPPLEMENT

March 31, 2014

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

	As of April 23, 2014
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-	BBB+	BBB+	Baa2
Internet address:	Hartford Life and Accident Insurance Company	A	A	A	A3
http://www.thehartford.com	Hartford Life and Annuity Insurance Company	A-	BBB+	BBB+	Baa2
	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 30170	211 Quality Circle, Suite 210
	College Station, TX 77842-3170	College Station, TX 77845
	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

CONSOLIDATED	Consolidated Financial Results	1
	Operating Results by Segment	2
	Consolidated Statements of Operations	3
	Consolidating Balance Sheets	4
	Capital Structure	5
	Statutory Capital and Surplus to GAAP Stockholders’ Equity Reconciliation	6
	Accumulated Other Comprehensive Income (Loss)	7
	Deferred Policy Acquisition Costs and Present Value of Future Profits	8
PROPERTY & CASUALTY	Property & Casualty Combined Income Statements	9
	Property & Casualty Combined Underwriting Ratios	10
	P&C Commercial Underwriting Results	11
	P&C Commercial Underwriting Ratios	12
	P&C Commercial Supplemental Data	13
	Consumer Markets Underwriting Results	14
	Consumer Markets Underwriting Ratios	15
	Consumer Markets Supplemental Data	16
	P&C Other Operations Underwriting Results	17
GROUP BENEFITS	Income Statements	18
	Supplemental Data	19
MUTUAL FUNDS	Income Statements	20
	Asset Value Rollforward - Assets Under Management By Distribution Channel	21
	Asset Value Rollforward - Assets Under Management By Asset Class	22
TALCOTT RESOLUTION	Financial Highlights	23
	Supplemental Data	24
	U.S. Annuity Account Value Rollforward	25
	Japan Annuity Account Value Rollforward	26
	Annuity Death and Living Benefits	27
	Variable Annuity Guaranteed Benefits	28
CORPORATE	Income Statements	29
INVESTMENTS	Investment Earnings Before Tax - Consolidated	30
	Investment Earnings Before Tax - Property & Casualty Combined	31
	Net Investment Income by Segment	32
	Components of Net Realized Capital Gains (Losses)	33
	Composition of Invested Assets	34
	Invested Asset Exposures	35
APPENDIX	Basis of Presentation and Definitions	36
	Discussion of Non-GAAP and Other Financial Measures	36

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED FINANCIAL RESULTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
HIGHLIGHTS
Net income (loss)	$	495		$	314		$	293		$	(190	)	$	(241	)
Core earnings	$	564		$	456		$	505		$	324		$	457
Total revenues	$	4,461		$	6,073		$	5,623		$	5,444		$	9,024
Total assets	$	272,923		$	277,884		$	283,947		$	294,833		$	297,021
PER SHARE AND SHARES DATA
Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	1.10		$	0.70		$	0.65		$	(0.42	)	$	(0.58	)
Core earnings available to common shareholders	$	1.25		$	1.01		$	1.12		$	0.72		$	1.02
Diluted earnings (losses) per common share [1]
Net income (loss) available to common shareholders	$	1.03		$	0.65		$	0.60		$	(0.42	)	$	(0.58	)
Core earnings available to common shareholders	$	1.18		$	0.94		$	1.03		$	0.66		$	0.93
Weighted average common shares outstanding (basic)	449.8			451.1			452.1			451.4			436.3
Dilutive effect of stock compensation	6.2			5.1			4.6			4.2			3.9
Dilutive effect of warrants	22.6			29.9			33.9			33.4			31.7
Weighted average common shares outstanding and dilutive potential common shares (diluted), before assumed conversion of preferred shares	478.6			486.1			490.6			489.0			471.9
Dilutive effect of assumed conversion of preferred shares [2]	—			—			—			—			21.2
Weighted average common shares outstanding and dilutive potential common shares (diluted) and assumed conversion of preferred shares	478.6			486.1			490.6			489.0			493.1
Common shares outstanding	452.5			453.3			448.5			453.9			435.3
Book value per common share	$	43.70		$	41.71		$	42.20		$	41.89		$	46.78
Per common share impact of accumulated other comprehensive income [3]	$	1.46		$	(0.17	)	$	(0.04	)	$	0.16		$	3.79
Book value per common share (excluding AOCI)	$	42.24		$	41.88		$	42.24		$	41.73		$	42.99
Book value per diluted share	$	41.56		$	39.14		$	38.87		$	38.59		$	42.43
Per diluted share impact of AOCI	$	1.39		$	(0.16	)	$	(0.04	)	$	0.15		$	3.34
Book value per diluted share (excluding AOCI)	$	40.17		$	39.30		$	38.91		$	38.44		$	39.09
Common shares outstanding and dilutive potential common shares	475.8			483.0			486.9			492.7			493.0
FINANCIAL RATIOS
ROE (net income (loss) last 12 months to stockholders' equity including AOCI)	4.5		%	0.9		%	(0.9		)%	(2.3		)%	(1.8		)%
ROE (core earnings last 12 months to stockholders' equity excluding AOCI)	9.6		%	9.0		%	8.0		%	7.6		%	7.2		%
Debt to capitalization, including AOCI	24.3		%	25.7		%	25.0		%	25.8		%	23.2		%
Annualized investment yield, after-tax	3.1		%	3.0		%	2.9		%	3.1		%	3.0		%

[1] 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.

[2] The preferred shares converted to 21.2 million common shares in April 2013.

[3] 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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

OPERATING RESULTS BY SEGMENT

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Core earnings (losses):
P&C Commercial	$	264		$	229		$	176		$	198		$	224
Consumer Markets	101			49			68			15			73
P&C Other Operations	21			22			19			(73		)	21
Property & Casualty Combined	$	386		$	300		$	263		$	140		$	318
Group Benefits	45			55			36			37			30
Mutual Funds	21			20			18			20			20
Sub-total	452			375			317			197			368
Talcott Resolution	175			173			204			196			162
Corporate	(63		)	(92		)	(16		)	(69		)	(73		)
CONSOLIDATED CORE EARNINGS	$	564		$	456		$	505		$	324		$	457
Add: Unlock benefit (charge), after-tax [1]	$	14		$	47		$	(67	)	$	36		$	(541	)
Add: Restructuring and other costs, after-tax	(13		)	(10		)	(10		)	(12		)	(12		)
Add: Income (loss) from discontinued operations, after-tax	—			(2		)	(5		)	(126		)	(1		)
Add: Loss on extinguishment of debt, after-tax	—			—			—			—			(138		)
Add: Net reinsurance gain (loss) on dispositions, after-tax	—			—			—			1			(25		)
Add: Net realized capital gains (losses), after-tax and DAC, excluded from core earnings	(70		)	(177		)	(130		)	(413		)	19
Net income (loss)	$	495		$	314		$	293		$	(190	)	$	(241	)
PER SHARE DATA
Diluted earnings (losses) per common share:
Core earnings available to common shareholders	$	1.18		$	0.94		$	1.03		$	0.66		$	0.93
Net income (loss) available to common shareholders	$	1.03		$	0.65		$	0.60		$	(0.42	)	$	(0.58	)

[1]The Unlock benefit (charge) recorded in the periods presented affected each income statement line item as follows:

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Earned premiums	$	—		$	(2	)	$	—		$	(1	)	$	(1	)
Fee income	—			1			12			1			2
Benefits, losses and loss adjustment expenses	(10		)	(71		)	(54		)	(72		)	(71		)
Amortization of DAC	(12		)	(5		)	170			17			904
Income tax expense (benefit)	8			28			(37		)	19			(291		)
Unlock benefit (charge), after-tax [a.]	$	14		$	47		$	(67	)	$	36		$	(541	)

[a.] The Unlock charge for the three months ended March 31, 2013 relates primarily to costs associated with expanding the

Japan variable annuity hedging program in the Talcott Resolution - International Annuity segment resulting in the

elimination of estimated future gross profits on the Japan annuity block.    

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Earned premiums	$	3,301		$	3,344		$	3,337		$	3,293		$	3,252
Fee income [1]	621			685			690			678			680
Net investment income (loss):
Securities available-for-sale and other	836			827			812			867			856
Equity securities, trading [2]	(236		)	1,432			878			1,189			2,562
Total net investment income	600			2,259			1,690			2,056			3,418
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses	(23		)	(15		)	(28		)	(17		)	(33		)
OTTI losses recognized in other comprehensive income	1			1			2			5			12
Net OTTI losses recognized in earnings	(22		)	(14		)	(26		)	(12		)	(21		)
Net realized capital gains on business dispositions [3]	—			—			—			1			1,574
Other net realized capital gains (losses)	(64		)	(275		)	(136		)	(637		)	53
Total net realized capital gains (losses)	(86		)	(289		)	(162		)	(648		)	1,606
Other revenues	25			74			68			65			68
Total revenues [1]	4,461			6,073			5,623			5,444			9,024
Benefits, losses and loss adjustment expenses	2,604			2,659			2,739			2,886			2,664
Benefits, losses and loss adjustment expenses—returns credited on international variable annuities [2]	(236		)	1,432			878			1,188			2,562
Amortization of DAC	396			380			594			391			1,336
Insurance operating costs and other expenses [1]	947			1,129			975			1,099			1,005
Loss on extinguishment of debt	—			—			—			—			213
Reinsurance loss on dispositions [3]	—			—			—			—			1,574
Interest expense	95			96			94			100			107
Total benefits and expenses [1]	3,806			5,696			5,280			5,664			9,461
Income (loss) from continuing operations before income taxes	655			377			343			(220		)	(437		)
Income tax expense (benefit)	160			61			45			(156		)	(197		)
Income (loss) from continuing operations, after-tax	495			316			298			(64		)	(240		)
Loss from discontinued operations, after-tax [4]	—			(2		)	(5		)	(126		)	(1		)
Net income (loss)	$	495		$	314		$	293		$	(190	)	$	(241	)

[1] Reflects change in presentation of Mutual Funds revenues and expenses for all periods presented as described in footnote [1] on page 20.

[2] 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.

[3] All amounts pertain to the sales of the Retirement Plans and Individual Life businesses.

[4] For further information related to the discontinued operations of the U.K. variable annuity business, refer to Talcott Resolution Financial Highlights on page 23.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

	LIFE [1]				PROPERTY & CASUALTY [1]				CORPORATE [1]						CONSOLIDATED
	Mar. 31 2014		Dec. 31 2013		Mar. 31 2014		Dec. 31 2013		Mar. 31 2014			Dec. 31 2013			Mar. 31 2014		Dec. 31 2013
Investments
Fixed maturities, available-for-sale, at fair value	$	37,006	$	36,608	$	25,336	$	24,684	$	997		$	1,065		$	63,339	$	62,357
Fixed maturities, at fair value using the fair value option	952		824		57		20		—			—			1,009		844
Equity securities, trading, at fair value	17,418		19,745		—		—		—			—			17,418		19,745
Equity securities, available-for-sale, at fair value	405		450		245		292		129			126			779		868
Mortgage loans	4,155		4,172		1,552		1,426		—			—			5,707		5,598
Policy loans, at outstanding balance	1,429		1,420		—		—		—			—			1,429		1,420
Limited partnerships and other alternative investments	1,449		1,447		1,572		1,593		—			—			3,021		3,040
Other investments	226		383		99		121		15			17			340		521
Short-term investments	2,612		2,211		1,008		984		422			813			4,042		4,008
Total investments	$	65,652	$	67,260	$	29,869	$	29,120	$	1,563		$	2,021		$	97,084	$	98,401
Cash	1,106		1,237		176		189		3			2			1,285		1,428
Premiums receivable and agents’ balances	275		279		3,191		3,186		—			—			3,466		3,465
Reinsurance recoverables	20,407		20,595		2,732		2,735		—			—			23,139		23,330
DAC	1,528		1,612		564		549		—			—			2,092		2,161
Deferred income taxes	1,315		1,642		532		818		1,364			1,380			3,211		3,840
Goodwill	149		149		119		119		230			230			498		498
Property and equipment, net	234		247		627		621		9			9			870		877
Other assets	1,542		1,703		1,027		1,090		217			205			2,786		2,998
Separate account assets [2]	138,492		140,886		—		—		—			—			138,492		140,886
Total assets	$	230,700	$	235,610	$	38,837	$	38,427	$	3,386		$	3,847		$	272,923	$	277,884
Future policy benefits, unpaid losses and loss adjustment expenses	19,809		19,669		21,652		21,704		—			—			$	41,461	$	41,373
Other policyholder funds and benefits payable	38,430		39,029		—		—		—			—			38,430		39,029
Other policyholder funds and benefits payable— International variable annuities	17,406		19,734		—		—		—			—			17,406		19,734
Unearned premiums	163		177		5,164		5,049		(1		)	(1		)	5,326		5,225
Debt	386		238		—		—		5,964			6,306			6,350		6,544
Other liabilities	2,523		3,006		1,410		1,550		1,751			1,632			5,684		6,188
Separate account liabilities	138,492		140,886		—		—		—			—			138,492		140,886
Total liabilities	$	217,209	$	222,739	$	28,226	$	28,303	$	7,714		$	7,937		$	253,149	$	258,979
Common equity, excluding AOCI	12,244		12,053		9,910		9,721		(3,039		)	(2,790		)	19,115		18,984
AOCI, after-tax	1,247		818		701		403		(1,289		)	(1,300		)	659		(79		)
Total stockholders’ equity	13,491		12,871		10,611		10,124		(4,328		)	(4,090		)	19,774		18,905
Total liabilities and equity	$	230,700	$	235,610	$	38,837	$	38,427	$	3,386		$	3,847		$	272,923	$	277,884

[1] For a description of Life, Property & Casualty and Corporate, refer to the Appendix - Basis of Presentation and Definitions.

[2] Excludes Mutual Funds assets under management ("AUM") owned by the shareholders of those funds and not by the Company.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CAPITAL STRUCTURE

	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
DEBT
Short-term debt	$	532		$	438		$	200		$	520		$	520
Senior notes	4,718			5,006			5,006			5,005			4,707
Junior subordinated debentures	1,100			1,100			1,100			1,100			1,100
Total debt	$	6,350		$	6,544		$	6,306		$	6,625		$	6,327
STOCKHOLDERS’ EQUITY
Common stockholders' equity, excluding AOCI	$	19,115		$	18,984		$	18,945		$	18,939		$	18,715
Preferred stock	—			—			—			—			556
AOCI	659			(79		)	(17		)	74			1,649
Total stockholders’ equity	$	19,774		$	18,905		$	18,928		$	19,013		$	20,920
CAPITALIZATION
Total capitalization, including AOCI, after tax	$	26,124		$	25,449		$	25,234		$	25,638		$	27,247
Total capitalization, excluding AOCI, after tax	$	25,465		$	25,528		$	25,251		$	25,564		$	25,598
DEBT TO CAPITALIZATION RATIOS
Total debt to capitalization, including AOCI	24.3		%	25.7		%	25.0		%	25.8		%	23.2		%
Total debt to capitalization, excluding AOCI	24.9		%	25.6		%	25.0		%	25.9		%	24.7		%
Total rating agency adjusted debt to capitalization [1] [2]	26.9		%	28.4		%	28.5		%	29.3		%	26.6		%

[1] The leverage calculation reflects adjustments related to the Company’s defined benefit plans unfunded pension liability and the Company's rental expense on operating leases for total adjustments of $1.3 billion, $1.4 billion, $1.6 billion, $1.6 billion, and $1.6 billion for the three months ended March 31, 2014, December 31, 2013, September 30, 2013, June 30, 2013, and March 31 2013, respectively.

[2] Reflects 25% equity credit for the junior subordinated debentures. Reflects 100% equity credit for preferred stock which converted to common equity on April 1, 2013.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

STATUTORY CAPITAL AND SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	Mar. 31 2014			[3]	Dec. 31 2013			[3]
U.S. statutory net income
Property & Casualty [1]	$	504			$	1,217
Life [1] [2]	$	(122	)		$	2,144
U.S. statutory capital and surplus - Property & Casualty	$	8,294			$	8,022
U.S. GAAP adjustments:
DAC	564				549
Benefit reserves	(48		)		(48		)
Unrealized gains on investments, after tax	621				313
Goodwill	119				119
Non-admitted assets	884				973
Other, net	177				196
U.S. GAAP stockholders’ equity - Property & Casualty	$	10,611			$	10,124
U.S. statutory capital and surplus - Life	$	7,016			$	6,639
U.S. GAAP adjustments:
DAC	1,528				1,612
Deferred taxes	204				573
Benefit reserves	(576		)		(20		)
Unrealized gains on investments, after tax	1,645				937
Asset valuation reserve and interest maintenance reserve	837				787
Goodwill	149				149
Other, net	373				136
Investment in foreign and non-insurance subsidiaries	2,315				2,058
U.S. GAAP stockholders’ equity - Life	$	13,491			$	12,871

[1] For a description of Property & Casualty and Life, refer to the Appendix - Basis of Presentation and Definitions on page 36.

[2] Statutory net income does not include capital gains and losses on the mark to market effects of hedging programs that may be accounted for as realized capital gains (losses) under U.S. GAAP.

[3] Statutory net income is for the three months ended March 31, 2014 and the year ended December 31, 2013.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Fixed maturities net unrealized gain	$	1,663		$	975		$	976		$	1,141		$	2,484
Equities net unrealized gain	23			12			12			21			45
OTTI losses recognized in AOCI	(10		)	(12		)	(20		)	(23		)	(32		)
Net deferred gain on cash flow hedging instruments	121			108			167			188			320
Total net unrealized gain	$	1,797		$	1,083		$	1,135		$	1,327		$	2,817
Foreign currency translation adjustments	108			91			184			92			186
Pension and other postretirement adjustment	(1,246		)	(1,253		)	(1,336		)	(1,345		)	(1,354		)
Total AOCI	$	659		$	(79	)	$	(17	)	$	74		$	1,649

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

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

	THREE MONTHS ENDED MAR. 31 2014
										Talcott Resolution
	Property and Casualty			Group Benefits			Mutual Funds			U.S. Annuity			Institutional			Consolidated
Balance, beginning of period	$	549		$	41		$	19		$	1,505		$	47		$	2,161
Deferred costs	326			10			5			8			1			350
Amortization — DAC	(311		)	(9		)	(9		)	(78		)	(1		)	(408		)
Amortization — DAC unlock benefit, before tax	—			—			—			12			—			12
Adjustments to unrealized gains/losses on securities available-for-sale and other	—			1			—			(23		)	(1		)	(23		)
Balance, end of period	$	564		$	43		$	15		$	1,424		$	46		$	2,092

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY COMBINED

INCOME STATEMENTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
UNDERWRITING RESULTS
Written premiums	$	2,597		$	2,349		$	2,556		$	2,501		$	2,523
Change in unearned premium reserve	128			(149		)	68			48			98
Earned premiums	2,469			2,498			2,488			2,453			2,425
Losses and loss adjustment expenses
Current accident year before catastrophes	1,524			1,615			1,607			1,551			1,536
Current accident year catastrophes	86			28			66			186			32
Prior year development	(40		)	15			17			146			14
Total losses and loss adjustment expenses	1,570			1,658			1,690			1,883			1,582
Amortization of DAC	311			310			308			309			310
Underwriting expenses [1]	331			398			391			389			375
Dividends to policyholders	4			4			4			4			4
Underwriting gain (loss)	253			128			95			(132		)	154
Net investment income	326			324			296			338			312
Net realized capital gains (losses)	(37		)	72			2			(7		)	51
Other expense	(36		)	(45		)	(32		)	(34		)	(24		)
Income from continuing operations before income taxes	506			479			361			165			493
Income tax expense	143			133			98			27			142
Income from continuing operations, after tax	363			346			263			138			351
Income (loss) from discontinued operations, after tax	—			—			1			(2		)	—
Net income	363			346			264			136			351
Less: Restructuring and other costs, after tax	—			—			(1		)	—			—
Less: Income (loss) from discontinued operations, after tax	—			—			1			(2		)	—
Less: Net realized capital gains (losses), after tax and DAC, excluded from core earnings	(23		)	46			1			(2		)	33
Core earnings	$	386		$	300		$	263		$	140		$	318

[1] The three months ended March 31, 2014 includes a $49 before tax reduction for New York (NY) State Workers' Compensation Board assessments.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY COMBINED

UNDERWRITING RATIOS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013		Sept. 30 2013		Jun. 30 2013			Mar. 31 2013
UNDERWRITING GAIN (LOSS)	$	253		$	128	$	95	$	(132	)	$	154
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes	61.7			64.7		64.6		63.2			63.3
Current accident year catastrophes	3.5			1.1		2.7		7.6			1.3
Prior year development	(1.6		)	0.6		0.7		6.0			0.6
Total losses and loss adjustment expenses	63.6			66.4		67.9		76.8			65.2
Expenses [1]	26.0			28.3		28.1		28.5			28.2
Policyholder dividends	0.2			0.2		0.2		0.2			0.2
Combined ratio	89.8			94.9		96.2		105.4			93.6
Current accident year catastrophes and prior year development	1.9			1.7		3.4		13.6			1.9
Combined ratio before catastrophes and prior year development	87.9			93.2		92.8		91.8			91.8

[1] Includes 2.0 point favorable impact related to a reduction in NY State Workers' Compensation Board assessments in the three months ended March 31, 2014.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C COMMERCIAL

UNDERWRITING RESULTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013		Jun. 30 2013			Mar. 31 2013
UNDERWRITING RESULTS
Written premiums	$	1,669		$	1,463		$	1,567	$	1,533		$	1,645
Change in unearned premium reserve	128			(103		)	4		(12		)	116
Earned premiums	1,541			1,566			1,563		1,545			1,529
Losses and loss adjustment expenses
Current accident year before catastrophes	934			972			991		966			968
Current accident year catastrophes	60			7			48		44			6
Prior year development [2]	(7		)	12			26		37			8
Total losses and loss adjustment expenses	987			991			1,065		1,047			982
Amortization of DAC	226			226			226		226			227
Underwriting expenses [1]	188			247			238		243			225
Dividends to policyholders	4			4			4		4			4
Underwriting gain	$	136		$	98		$	30	$	25		$	91

[1] The three months ended March 31, 2014 includes a $49 before tax reduction for NY State Workers' Compensation Board assessments. Small Commercial, Middle Market and Specialty

Commercial represent $25, $14 and $10, respectively, of the reduction.

[2] Prior year development includes the following (favorable) unfavorable prior year loss reserve development:

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Auto liability	$	5		$	—		$	86		$	40		$	15
Professional liability	(8		)	—			—			(30		)	1
Package business	(3		)	16			—			(3		)	(11		)
General liability	—			(1		)	(45		)	(10		)	(19		)
Fidelity and surety	—			(3		)	—			—			(5		)
Commercial property	(3		)	—			(1		)	(2		)	(4		)
Uncollectible reinsurance	—			—			—			(25		)	—
Workers’ compensation	—			(11		)	(10		)	1			18
Workers’ compensation - NY 25a Fund for Reopened Cases	—			—			—			80			—
Change in workers' compensation discount, including accretion	8			7			8			7			8
Catastrophes	(12		)	(3		)	(12		)	(9		)	—
Other reserve re-estimates, net	6			7			—			(12		)	5
Total prior year development	$	(7	)	$	12		$	26		$	37		$	8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C COMMERCIAL

UNDERWRITING RATIOS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013		Sept. 30 2013		Jun. 30 2013		Mar. 31 2013
UNDERWRITING GAIN	$	136		$	98	$	30	$	25	$	91
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes	60.6			62.1		63.4		62.5		63.3
Current accident year catastrophes	3.9			0.4		3.1		2.8		0.4
Prior year development [1]	(0.5		)	0.8		1.7		2.4		0.5
Total losses and loss adjustment expenses	64.0			63.3		68.1		67.8		64.2
Expenses [2]	26.9			30.2		29.7		30.4		29.6
Policyholder dividends	0.3			0.3		0.3		0.3		0.3
Combined ratio	91.2			93.7		98.1		98.4		94.0
Current accident year catastrophes and prior year development	3.4			1.2		4.8		5.2		0.9
Combined ratio before catastrophes and prior year development	87.7			92.5		93.3		93.1		93.1
COMBINED RATIOS BY LINE OF BUSINESS [3]
SMALL COMMERCIAL
Combined ratio	85.7			85.8		92.4		94.5		89.9
Combined ratio before catastrophes	83.3			85.4		89.9		91.8		88.2
Combined ratio before catastrophes and prior year development	83.7			85.9		87.1		87.6		89.2
MIDDLE MARKET
Combined ratio	96.1			97.1		102.7		101.7		91.6
Combined ratio before catastrophes	90.6			96.9		99.7		99.3		93.2
Combined ratio before catastrophes and prior year development	90.1			94.8		95.9		95.2		95.8
SPECIALTY COMMERCIAL
Combined ratio	97.3			102.4		111.0		113.8		112.6
Combined ratio before catastrophes	97.2			102.5		110.9		113.4		111.8
Combined ratio before catastrophes and prior year development	94.7			100.6		103.0		105.7		98.9

[1]For a summary of prior year loss reserve development, refer to footnote [2] on page 11.

[2]The expense ratio includes 3.2 point favorable impact related to a reduction in NY State Workers' Compensation Board assessments in the three months ended March 31, 2014.

[3] Small Commercial, Middle Market and Specialty Commercial include a benefit of 3.3 points, 2.5 points and 4.4 points, respectively, for the NY State Workers' Compensation Board assessments reduction. For additional information, refer to footnote [1] on page 11.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C COMMERCIAL

SUPPLEMENTAL DATA

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
WRITTEN PREMIUMS
Small Commercial	$	865		$	715		$	740		$	787		$	842
Middle Market	566			555			570			518			546
Specialty Commercial	229			186			248			219			248
National Accounts	113			62			90			72			91
Financial Products	55			63			61			60			53
Programs	58			60			93			85			101
Other Specialty	3			1			4			2			3
Other	9			7			9			9			9
Total	$	1,669		$	1,463		$	1,567		$	1,533		$	1,645
EARNED PREMIUMS
Small Commercial	$	769		$	777		$	769		$	763		$	754
Middle Market	541			549			545			540			530
Specialty Commercial	223			234			240			233			236
National Accounts	80			79			83			70			68
Financial Products	59			62			61			64			63
Programs	81			89			92			97			102
Other Specialty	3			4			4			2			3
Other	8			6			9			9			9
Total	$	1,541		$	1,566		$	1,563		$	1,545		$	1,529
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price Increases
Standard Commercial Lines	7		%	8		%	7		%	7		%	8		%
Policy Count Retention
Small Commercial	83		%	82		%	81		%	80		%	82		%
Middle Market	81		%	79		%	80		%	79		%	77		%
New Business Premium
Small Commercial	$	131		$	111		$	115		$	125		$	134
Middle Market	$	111		$	102		$	107		$	116		$	97
Policies in Force (in thousands)
Small Commercial	1,179			1,177			1,181			1,181			1,185
Middle Market	73			73			74			74			75

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

UNDERWRITING RESULTS

	THREE MONTHS ENDED
UNDERWRITING RESULTS	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Written premiums	$	927		$	886		$	988		$	967		$	878
Change in unearned premium reserve	(1		)	(45		)	63			59			(18		)
Earned premiums	928			931			925			908			896
Losses and loss adjustment expenses
Current accident year before catastrophes	590			643			616			585			568
Current accident year catastrophes	26			21			18			142			26
Prior year development [1]	(34		)	—			(11		)	(32		)	4
Total losses and loss adjustment expenses	582			664			623			695			598
Amortization of DAC	85			84			82			83			83
Underwriting expenses	136			144			145			139			143
Underwriting gain (loss)	$	125		$	39		$	75		$	(9	)	$	72

[1] Prior year development includes the following (favorable) unfavorable prior year loss reserve development:

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Auto liability	$	—		$	1		$	—		$	2		$	—
Homeowners	(13		)	3			1			(2		)	(8		)
Catastrophes	(21		)	(2		)	(8		)	(31		)	2
Other reserve re-estimates, net	—			(2		)	(4		)	(1		)	10
Total prior year development	$	(34	)	$	—		$	(11	)	$	(32	)	$	4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

UNDERWRITING RATIOS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013		Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
UNDERWRITING GAIN (LOSS)	$	125		$	39	$	75		$	(9	)	$	72
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]	63.6			69.1		66.6			64.4			63.4
Current accident year catastrophes	2.8			2.3		1.9			15.6			2.9
Prior year development [1]	(3.7		)	—		(1.2		)	(3.5		)	0.4
Total losses and loss adjustment expenses	62.7			71.3		67.4			76.5			66.7
Expenses	23.8			24.5		24.5			24.4			25.2
Combined ratio	86.5			95.8		91.9			101.0			92.0
Current accident year catastrophes and prior year development	(0.9		)	2.3		0.7			12.1			3.3
Combined ratio before catastrophes and prior year development	87.4			93.6		91.1			88.9			88.6
PRODUCT
Automobile
Combined ratio	91.4			102.4		96.3			94.6			96.0
Combined ratio before catastrophes and prior year development	91.6			102.7		96.8			93.8			93.3
Homeowners
Combined ratio	75.3			78.3		81.2			115.0			82.7
Combined ratio before catastrophes and prior year development	77.4			70.6		77.6			77.9			77.9

[1] For a summary of (favorable) unfavorable prior year loss reserve development refer to footnote [1] on page 14.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSUMER MARKETS

SUPPLEMENTAL DATA

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
DISTRIBUTION
WRITTEN PREMIUMS
AARP Direct	$	669		$	632		$	725		$	718		$	647
AARP Agency	71			66			62			52			45
Other Agency	173			175			187			182			173
Other	14			13			14			15			13
Total	$	927		$	886		$	988		$	967		$	878
EARNED PREMIUMS
AARP Direct	$	678		$	684		$	682		$	673		$	662
AARP Agency	58			54			47			41			35
Other Agency	179			181			182			181			184
Other	13			12			14			13			15
Total	$	928		$	931		$	925		$	908		$	896
PRODUCT LINE
WRITTEN PREMIUMS
Automobile	$	660		$	608		$	668		$	657		$	629
Homeowners	267			278			320			310			249
Total	$	927		$	886		$	988		$	967		$	878
EARNED PREMIUMS
Automobile	$	636		$	640		$	637		$	626		$	619
Homeowners	292			291			288			282			277
Total	$	928		$	931		$	925		$	908		$	896
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price Increases
Automobile	5		%	5		%	5		%	5		%	5		%
Homeowners	8		%	8		%	8		%	7		%	6		%
Policy Count Retention
Automobile	87		%	86		%	86		%	86		%	86		%
Homeowners	87		%	86		%	86		%	87		%	87		%
Premium Retention
Automobile	89		%	87		%	88		%	88		%	88		%
Homeowners	93		%	92		%	92		%	92		%	92		%
New Business Premium
Automobile	$	104		$	94		$	100		$	93		$	87
Homeowners	$	32		$	32		$	35		$	34		$	30
Policies in Force (in thousands)
Automobile	2,033			2,019			2,021			2,020			2,019
Homeowners	1,324			1,319			1,321			1,322			1,322

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C OTHER OPERATIONS

UNDERWRITING RESULTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
UNDERWRITING RESULTS
Written premiums	$	1		$	—		$	1		$	1		$	—
Change in unearned premium reserve	1			(1		)	1			1			—
Earned premiums	—			1			—			—			—
Losses and loss adjustment expenses
Prior year development [1]	1			3			2			141			2
Total losses and loss adjustment expenses	1			3			2			141			2
Underwriting expenses	7			7			8			7			7
Underwriting loss	$	(8	)	$	(9	)	$	(10	)	$	(148	)	$	(9	)

[1] Prior year development includes the following (favorable) unfavorable prior year loss reserve development:

	THREE MONTHS ENDED
	Mar. 31 2014		Dec. 31 2013		Sept. 30 2013		Jun. 30 2013		Mar. 31 2013
Asbestos	$	—	$	—	$	—	$	130	$	—
Environmental	—		—		1		10		1
Other reserve re-estimates, net	1		3		1		1		1
Total prior year development	$	1	$	3	$	2	$	141	$	2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROUP BENEFITS

INCOME STATEMENTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Earned premiums	$	784		$	821		$	817		$	823		$	812
Fee income	15			14			14			15			14
Net investment income	96			97			96			100			97
Net realized capital gains (losses)	8			3			(8		)	37			18
Total revenues	903			935			919			975			941
Benefits, losses and loss adjustment expenses	597			607			637			635			639
Amortization of DAC	9			9			8			8			8
Insurance operating costs and other expenses	228			239			237			248			240
Total benefits and expenses	834			855			882			891			887
Income before income taxes	69			80			37			84			54
Income tax expense	18			22			6			23			12
Net income	51			58			31			61			42
Less: Net realized capital gains (losses), after tax, excluded from core earnings	6			3			(5		)	24			12
Core earnings	$	45		$	55		$	36		$	37		$	30
After-tax margin (excluding buyouts)
Net income	5.7		%	6.2		%	3.4		%	6.3		%	4.5		%
Core earnings	5.1		%	5.9		%	3.9		%	3.9		%	3.2		%

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROUP BENEFITS

SUPPLEMENTAL DATA

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
PREMIUMS
Fully insured ongoing premiums
Group disability	$	346		$	352		$	343		$	355		$	345
Group life [1]	388			428			435			427			426
Other	42			41			39			40			41
Total fully insured ongoing premiums	$	776		$	821		$	817		$	822		$	812
Total buyouts [2]	8			—			—			1			—
Total premiums	784			821			817			823			812
Group disability premium equivalents [3]	103			102			104			100			106
Total premiums and premium equivalents	$	887		$	923		$	921		$	923		$	918
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully insured ongoing sales
Group disability	$	88		$	29		$	32		$	46		$	76
Group life	79			26			28			55			88
Other	13			3			3			2			5
Total fully insured ongoing sales	180			58			63			103			169
Total buyouts [2]	8			—			—			1			—
Total sales	188			58			63			104			169
Group disability premium equivalents [3]	25			23			5			18			15
Total sales and premium equivalents	$	213		$	81		$	68		$	122		$	184
RATIOS [4]
Loss ratio
Group disability loss ratio	82.4		%	75.7		%	87.9		%	82.7		%	89.9		%
Group life loss ratio	67.9		%	70.8		%	68.2		%	70.8		%	68.1		%
Total loss ratio	74.5		%	72.7		%	76.7		%	75.7		%	77.4		%
Expense ratio	30.0		%	29.7		%	29.5		%	30.6		%	30.0		%

[1] Association - Financial Institution business represents $44, $65, $68, $71 and $72 for the three months ended March 31, 2014, December 31, 2013, September 30, 2013,

June 30, 2013 and March 31, 2013, respectively.

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

[3] Administrative service only fees and premium equivalent of claims under claim management.

[4] Ratios calculated include fee income and exclude the effects of buyout premiums.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

MUTUAL FUNDS

INCOME STATEMENTS

	THREE MONTHS ENDED
	Mar. 31 2014		Dec. 31 2013			Sept. 30 2013		Jun. 30 2013			Mar. 31 2013
Investment management fees [1]	$	146	$	146		$	139	$	137		$	133
Shareholder servicing fees	19		19			19		20			20
Other revenue	9		10			10		8			7
Total revenues [1]	174		175			168		165			160
Sub-advisory	51		51			48		48			48
Employee compensation and benefits	25		26			24		24			25
Distribution and service [1]	43		43			43		41			41
General, administrative and other	22		25			24		21			18
Total expenses [1]	141		145			139		134			132
Income before income taxes	33		30			29		31			28
Income tax expense	12		11			10		11			10
Net income	21		19			19		20			18
Less: Restructuring and other costs, after-tax	—		—			1		(1		)	(1		)
Less: Net realized capital gains (losses), after-tax, excluded from core earnings	—		(1		)	—		1			(1		)
Core earnings	$	21	$	20		$	18	$	20		$	20
Return on assets (bps, after-tax) [2]
Net income	8.6		8.0			8.4		8.8			8.0
Core earnings	8.6		8.5			8.0		8.8			8.9

[1] Certain investment management fees previously reported as gross revenues are being reported as a net amount in distribution and service expenses for all periods presented. In

addition, sub-advisory fees previously netted against revenues are being reported as distribution and service expenses for all periods presented.

[2] Represents annualized earnings divided by average assets under management.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

MUTUAL FUNDS

ASSET VALUE ROLL FORWARD

ASSETS UNDER MANAGEMENT BY DISTRIBUTION CHANNEL

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
RETAIL MUTUAL FUNDS [1]
Beginning balance	$	53,040		$	49,938		$	47,617		$	48,186		$	45,013
Sales	2,627			2,488			2,864			2,789			3,162
Redemptions	(2,688		)	(2,569		)	(2,901		)	(4,075		)	(3,176		)
Net flows	(61		)	(81		)	(37		)	(1,286		)	(14		)
Change in market value and other [2]	2,009			3,183			2,358			717			3,187
Ending balance	$	54,988		$	53,040		$	49,938		$	47,617		$	48,186
RETIREMENT MUTUAL FUNDS [3]
Beginning balance	$	17,878		$	16,821		$	15,991		$	17,622		$	16,598
Sales	1,065			1,067			923			937			942
Redemptions	(986		)	(1,428		)	(1,531		)	(2,590		)	(1,426		)
Net flows	79			(361		)	(608		)	(1,653		)	(484		)
Change in market value and other	401			1,418			1,438			22			1,508
Ending balance	$	18,358		$	17,878		$	16,821		$	15,991		$	17,622
TOTAL MUTUAL FUNDS
Beginning balance	$	70,918		$	66,759		$	63,608		$	65,808		$	61,611
Sales	3,692			3,555			3,787			3,726			4,104
Redemptions	(3,674		)	(3,997		)	(4,432		)	(6,665		)	(4,602		)
Net flows	18			(442		)	(645		)	(2,939		)	(498		)
Change in market value and other	2,410			4,601			3,796			739			4,695
Ending balance	$	73,346		$	70,918		$	66,759		$	63,608		$	65,808
AVERAGE MUTUAL FUNDS ASSETS UNDER MANAGEMENT	$	72,132		$	68,839		$	65,183		$	64,708		$	63,710
ANNUITY MUTUAL FUND ASSETS [4]	$	24,957		$	25,817		$	25,638		$	25,901		$	26,628
TOTAL ASSETS UNDER MANAGEMENT	$	98,303		$	96,735		$	92,397		$	89,509		$	92,436
AVERAGE ASSETS UNDER MANAGEMENT	$	97,519		$	94,566		$	90,953		$	90,973		$	90,042

[1] Includes mutual funds offered within 529 college savings plans.

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

[3] Consists of mutual funds offered within employee directed retirement plans.

[4] Consists of Company-sponsored mutual fund assets held in separate accounts supporting variable insurance and investment products.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

MUTUAL FUNDS

ASSET VALUE ROLL FORWARD

ASSETS UNDER MANAGEMENT BY ASSET CLASS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
EQUITY
Beginning balance	$	42,426		$	39,057		$	36,186		$	38,453		$	35,843
Sales	1,906			1,678			1,591			1,446			1,559
Redemptions	(1,819		)	(2,043		)	(2,054		)	(4,821		)	(2,951		)
Net flows	87			(365		)	(463		)	(3,375		)	(1,392		)
Change in market value and other	1,976			3,734			3,334			1,108			4,002
Ending balance	$	44,489		$	42,426		$	39,057		$	36,186		$	38,453
FIXED INCOME
Beginning balance	$	14,632		$	14,595		$	14,944		$	15,213		$	14,524
Sales	1,134			1,255			1,507			1,432			1,755
Redemptions	(1,257		)	(1,322		)	(1,802		)	(1,323		)	(1,133		)
Net flows	(123		)	(67		)	(295		)	109			622
Change in market value and other	152			104			(54		)	(378		)	67
Ending balance	$	14,661		$	14,632		$	14,595		$	14,944		$	15,213
MULTI-STRATEGY INVESTMENTS [1]
Beginning balance	$	13,860		$	13,107		$	12,478		$	12,142		$	11,244
Sales	652			622			689			848			790
Redemptions	(598		)	(632		)	(576		)	(521		)	(518		)
Net flows	54			(10		)	113			327			272
Change in market value and other	282			763			516			9			626
Ending balance	$	14,196		$	13,860		$	13,107		$	12,478		$	12,142
TOTAL MUTUAL FUNDS [2]	$	73,346		$	70,918		$	66,759		$	63,608		$	65,808

[1] Includes balanced, allocation, target date and alternatives.

[2] Excludes annuity mutual fund assets.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

FINANCIAL HIGHLIGHTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
NET INCOME (LOSS)
U.S. Annuity	$	108		$	41		$	69		$	23		$	63
International Annuity [1]	22			(78		)	(80		)	(407		)	(490		)
Institutional and other [2] [3]	15			22			18			52			133
Talcott Resolution net income (loss)	145			(15		)	7			(332		)	(294		)
Less: Unlock benefit (charge), after tax	14			47			(67		)	36			(541		)
Less: Restructuring and other costs, after tax	—			—			(1		)	1			(1		)
Less: Income (loss) from discontinued operations, after tax [1]	—			(2		)	(6		)	(124		)	(1		)
Less: Net reinsurance gain (loss) on dispositions, after tax	—			—			—			1			44
Less: Net realized gains (losses) and other, after tax and DAC, excluded from core earnings	(44		)	(233		)	(123		)	(442		)	43
Talcott Resolution core earnings	$	175		$	173		$	204		$	196		$	162
CORE EARNINGS (LOSSES)
U.S. Annuity	$	89		$	81		$	89		$	79		$	73
International Annuity	64			72			91			96			69
Institutional and other [2]	22			20			24			21			20
Talcott Resolution core earnings	$	175		$	173		$	204		$	196		$	162

[1] The three months ended June 30, 2013 includes a loss on disposition of $102 and loss from discontinued operations of $22 for the period related to the U.K. variable annuity business.

[2] Other consists of PPLI and residual income or tax benefits associated with the reinsurance of the policyholder and separate account liabilities of the Retirement Plans and Individual Life

businesses. The Retirement Plans and Individual Life businesses were sold in January 2013.

[3] Includes derivative gains of $71 for the three months ended March 31, 2013 primarily associated with previously terminated derivatives associated with fixed rate bonds sold in

connection with the Retirement Plans and Individual Life business dispositions.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

SUPPLEMENTAL DATA

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
CORE EARNINGS - RETURN ON ASSETS (bps, after tax) [1]
U.S. Annuity	50.3			45.0			49.0			42.3			38.4
Japan Annuity	118.6			118.0			135.4			133.1			88.4
FULL SURRENDER RATES [2]
U.S. variable annuity	12.3		%	14.5		%	20.3		%	17.5		%	14.5		%
Japan variable annuity	38.1		%	41.5		%	30.8		%	34.8		%	9.6		%
CONTRACT COUNTS (in thousands)
U.S. variable annuity	747			774			802			839			873
U.S. fixed annuity and other	163			170			176			180			184
Japan variable annuity	270			305			341			368			400
Japan fixed annuity	21			23			24			25			26
ACCOUNT VALUE (end of period)
U.S. variable annuity	$	59,547		$	61,812		$	61,512		$	62,579		$	65,500
U.S. fixed annuity and other	9,917			10,142			10,455			10,670			10,797
Total U.S. Annuity account value	$	69,464		$	71,954		$	71,967		$	73,249		$	76,297
Japan variable annuity	17,800			20,130			22,846			23,921			26,934
Japan fixed annuity and other	3,129			3,061			3,384			3,368			3,553
Total Japan Annuity account value	$	20,929		$	23,191		$	26,230		$	27,289		$	30,487

[1] Represents annualized earnings divided by a two-point average of assets under management.

[2] Represents annualized surrenders (full contract liquidation excluding partial withdrawals) divided by a two-point average of annuity account values.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

U.S. ANNUITY

ACCOUNT VALUE ROLLFORWARD

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
VARIABLE ANNUITIES
Beginning balance	$	61,812		$	61,512		$	62,579		$	65,500		$	64,824
Deposits	66			60			77			180			226
Partial withdrawals	(634		)	(748		)	(647		)	(630		)	(710		)
Full surrenders	(1,860		)	(2,235		)	(3,153		)	(2,805		)	(2,356		)
Death benefits/annuitizations/other [1]	(521		)	(470		)	(445		)	(472		)	(468		)
Transfers	(1		)	—			(2		)	(1		)	1
Net flows	(2,950		)	(3,393		)	(4,170		)	(3,728		)	(3,307		)
Change in market value/change in reserve/interest credited and other	685			3,693			3,103			807			3,983
Ending balance	$	59,547		$	61,812		$	61,512		$	62,579		$	65,500
FIXED MARKET VALUE ADJUSTED (“MVA”) AND OTHER
Beginning balance	$	10,142		$	10,455		$	10,670		$	10,797		$	10,848
Deposits	—			—			—			2			6
Surrenders	(331		)	(381		)	(264		)	(161		)	(103		)
Death benefits/annuitizations/other [1]	7			(58		)	(64		)	(72		)	(74		)
Transfers	1			(2		)	(2		)	(3		)	—
Net flows	(323		)	(441		)	(330		)	(234		)	(171		)
Change in market value/change in reserve/interest credited and other	98			128			115			107			120
Ending balance	$	9,917		$	10,142		$	10,455		$	10,670		$	10,797
TOTAL U.S. ANNUITY
Beginning balance	$	71,954		$	71,967		$	73,249		$	76,297		$	75,672
Deposits	66			60			77			182			232
Surrenders	(2,825		)	(3,364		)	(4,064		)	(3,596		)	(3,169		)
Death benefits/annuitizations/other [1]	(514		)	(528		)	(509		)	(544		)	(542		)
Transfers	—			(2		)	(4		)	(4		)	1
Net flows	(3,273		)	(3,834		)	(4,500		)	(3,962		)	(3,478		)
Change in market value/change in reserve/interest credited and other	783			3,821			3,218			914			4,103
Ending balance	$	69,464		$	71,954		$	71,967		$	73,249		$	76,297

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

JAPAN ANNUITY

ACCOUNT VALUE ROLL FORWARD

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
VARIABLE ANNUITIES
Beginning balance	$	20,130		$	22,846		$	23,921		$	26,934		$	27,716
Surrenders	(1,848		)	(2,273		)	(1,842		)	(2,257		)	(694		)
Annuitizations [1]	(130		)	(92		)	(42		)	(30		)	(31		)
Annuity lump sum [2]	(264		)	(139		)	(57		)	(42		)	(34		)
Death benefits/other	(155		)	(161		)	(159		)	(134		)	(155		)
Net flows	(2,397		)	(2,665		)	(2,100		)	(2,463		)	(914		)
Change in market value/change in reserve/interest credited	(349		)	1,421			736			916			2,402
Effect of currency translation	416			(1,472		)	289			(1,466		)	(2,270		)
Ending balance	$	17,800		$	20,130		$	22,846		$	23,921		$	26,934
FIXED MARKET VALUE ADJUSTED ("MVA") AND OTHER
Beginning balance	$	3,061		$	3,384		$	3,368		$	3,553		$	3,908
Surrenders	(22		)	(28		)	(28		)	(26		)	(41		)
Annuitizations	130			92			42			30			31
Payouts	(101		)	(179		)	(49		)	(34		)	(29		)
Death benefits/other	(16		)	(13		)	(8		)	(14		)	(15		)
Net flows	(9		)	(128		)	(43		)	(44		)	(54		)
Change in market value/change in reserve/interest credited	14			25			18			28			37
Effect of currency translation	63			(220		)	41			(169		)	(338		)
Ending balance	$	3,129		$	3,061		$	3,384		$	3,368		$	3,553
TOTAL JAPAN ANNUITY
Beginning balance	$	23,191		$	26,230		$	27,289		$	30,487		$	31,624
Surrenders	(1,870		)	(2,301		)	(1,870		)	(2,283		)	(735		)
Annuity lump sum/payouts	(365		)	(318		)	(106		)	(76		)	(63		)
Death benefits/other	(171		)	(174		)	(167		)	(148		)	(170		)
Net flows	(2,406		)	(2,793		)	(2,143		)	(2,507		)	(968		)
Change in market value/change in reserve/interest credited	(335		)	1,446			754			944			2,439
Effect of currency translation	479			(1,692		)	330			(1,635		)	(2,608		)
Ending balance	$	20,929		$	23,191		$	26,230		$	27,289		$	30,487

[1] Variable annuitizations reflect policyholders electing, generally at annuity commencement date, to receive their account value with interest over a series of periodic payments.

[2] Annuity lump sum reflects policyholders electing at annuity commencement date to receive their full account value immediately.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

TALCOTT RESOLUTION

ANNUITY DEATH AND LIVING BENEFITS

	AS OF:
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
U.S. Variable Annuity Business
S&P 500 index value at end of period	1,872			1,848			1,682			1,606			1,569
Total account value with guaranteed minimum death benefits (“GMDB”)	$	59,547		$	61,812		$	61,512		$	62,579		$	65,500
GMDB gross net amount of risk ("NAR")	4,192			4,325			4,657			5,195			5,349
% of GMDB NAR reinsured	77		%	76		%	75		%	72		%	72		%
GMDB retained NAR [2]	971			1,026			1,183			1,457			1,498
GMDB net GAAP liability	322			316			301			298			293
Total account value with guaranteed minimum withdrawal benefits (“GMWB”)	$	29,036		$	30,262		$	30,907		$	32,035		$	34,106
GMWB gross NAR	163			167			228			344			361
% of GMWB NAR reinsured	21		%	20		%	18		%	18		%	19		%
GMWB retained NAR [2]	129			134			187			282			293
GMWB net GAAP (asset) liability	(15		)	(3		)	158			513			651
Japan Variable Annuity Business
Yen / $	103.0			105.1			98.1			99.3			94.0
Yen / Euro	141.9			144.8			132.8			129.1			120.7
Total account value with GMDB	$	17,800		$	20,130		$	22,846		$	23,921		$	26,934
GMDB gross NAR	955			779			1,624			2,218			3,091
% of GMDB NAR reinsured	30		%	29		%	23		%	21		%	20		%
GMDB retained NAR	668			552			1,250			1,760			2,467
Total account value with guaranteed minimum income benefits (“GMIB”) [1]	$	16,309		$	18,483		$	21,102		$	22,174		$	25,129
GMIB retained NAR [2]	164			128			509			851			1,280
GMDB/GMIB net GAAP liability	259			249			336			383			468

[1] Total GMIB account value also includes other living benefits.

[2] 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. 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 GMIB, its GMDB NAR is released.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

VARIABLE ANNUITY GUARANTEED BENEFITS

($ in billions)

	As of March 31, 2014
	Account Value		Gross Net Amount at Risk		Retained Net Amount at Risk		% of Contracts In the Money[2]		% In the Money[2][3]
U. S. variable annuity [1]
GMDB	$	59.5	$	4.2	$	1.0	17	%	23	%
GMWB	29.0		0.2		0.1		6	%	12	%
Japan variable annuity [1]
GMDB	17.8		1.0		0.7		36	%	10	%
GMIB	16.3		0.2		0.2		26	%	4	%

	As of December 31, 2013
	Account Value		Gross Net Amount at Risk		Retained Net Amount at Risk		% of Contracts In the Money[2]		% In the Money[2][3]
U. S. variable annuity [1]
GMDB	$	61.8	$	4.3	$	1.0	16	%	26	%
GMWB	30.3		0.2		0.1		5	%	12	%
Japan variable annuity [1]
GMDB	20.1		0.8		0.6		31	%	8	%
GMIB	18.5		0.1		0.1		20	%	3	%

[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 GMIB, its GMDB NAR is released.

[2] Excludes contracts that are fully reinsured.

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

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CORPORATE

INCOME STATEMENTS

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Fee income	$	3		$	4		$	2		$	2		$	3
Net investment income	2			8			6			—			13
Other revenues	—			1			—			—			—
Net realized capital gains (losses)	(9		)	2			(5		)	10			(96		)
Total revenues	(4		)	15			3			12			(80		)
Insurance operating costs and other expenses [1]	12			34			(60		)	14			26
Loss on extinguishment of debt [2]	—			—			—			—			213
Reinsurance loss on dispositions [3]	—			—			—			—			69
Interest expense	95			96			94			100			107
Restructuring and other costs	20			15			14			19			16
Total expenses	127			145			48			133			431
Loss before income taxes	(131		)	(130		)	(45		)	(121		)	(511		)
Income tax benefit	(46		)	(36		)	(17		)	(46		)	(153		)
Net loss	(85		)	(94		)	(28		)	(75		)	(358		)
Less: Restructuring and other costs, after tax	(13		)	(10		)	(9		)	(12		)	(10		)
Less: Loss on extinguishment of debt, after tax [2]	—			—			—			—			(138		)
Less: Net reinsurance loss on dispositions, after tax [3]	—			—			—			—			(69		)
Less: Net realized capital gains (losses), after tax and DAC, excluded from core losses	(9		)	8			(3		)	6			(68		)
Core losses	$	(63	)	$	(92	)	$	(16	)	$	(69	)	$	(73	)

[1] In the three months ended September 30, 2013 insurance operating costs and other expenses include a benefit of $57, before tax, for an insurance recovery from the Company's insurers

for past legal expenses associated with closed litigation and a benefit of $19, before tax, from the resolution of items under the Company's spin-off agreement with its former parent company.

[2] In the three months ended March 31, 2013 the Company repurchased approximately $800 of outstanding senior notes and debentures. Loss on extinguishment of debt consists of the premium

associated with repurchasing the debentures at an amount greater than the face amount, the write-off of the unamortized discount and debt issuance and other costs related to the repurchase

transactions.

[3]In the three months ended March 31, 2013 reinsurance loss on dispositions consists of a reduction in goodwill related to the sale of the Retirement Plans business.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE TAX

CONSOLIDATED

	THREE MONTHS ENDED
	Mar. 31 2014		Dec. 31 2013		Sept. 30 2013		Jun. 30 2013		Mar. 31 2013
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	511		514		540		548		554
Tax-exempt	117		118		117		116		116
Total fixed maturities	628		632		657		664		670
Equity securities, trading	(236	)	1,432		878		1,189		2,562
Equity securities, available-for-sale	7		9		7		8		6
Mortgage loans	66		70		65		62		65
Policy loans	20		21		20		22		20
Limited partnerships and other alternative investments [2]	97		80		46		95		66
Other [3]	47		50		47		45		58
Subtotal	629		2,294		1,720		2,085		3,447
Investment expense	(29	)	(35	)	(30	)	(29	)	(29	)
Total net investment income	600		2,259		1,690		2,056		3,418
Less: Equity securities, trading	(236	)	1,432		878		1,189		2,562
Total net investment income, excluding equity securities, trading	836		827		812		867		856
Annualized investment yield, before tax [4]	4.4	%	4.3	%	4.2	%	4.4	%	4.3	%
Annualized investment yield, after-tax [4]	3.1	%	3.0	%	2.9	%	3.1	%	3.0	%

[1] Includes income on short-term bonds.

[2] Alternative investments include 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 are used to hedge fixed maturities.

[4] Represents 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, consolidated variable interest entity non-controlling interests, and derivatives book value. Yield calculations for the three months ended March 31, 2013 exclude assets transfered due to the sale of the Retirement Plans and Individual Life businesses. Yield calculations for each of the three month periods in 2013 exclude income and assets associated with the disposal of the Hartford Life International Limited business which was sold in December 2013.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE TAX

PROPERTY & CASUALTY COMBINED

	THREE MONTHS ENDED
	Mar. 31 2014		Dec. 31 2013		Sept. 30 2013		Jun. 30 2013		Mar. 31 2013
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	166		165		168		175		172
Tax-exempt	92		92		92		91		92
Total fixed maturities	258		257		260		266		264
Equity securities, available-for-sale	3		4		3		4		2
Mortgage loans	16		16		13		11		12
Limited partnerships and other alternative investments [2]	48		46		20		50		39
Other [3]	10		12		9		16		3
Subtotal	335		335		305		347		320
Investment expense	(9	)	(11	)	(9	)	(9	)	(8	)
Total net investment income	326		324		296		338		312
Annualized investment yield, before tax [4]	4.5	%	4.5	%	4.2	%	4.8	%	4.5	%
Annualized investment yield, after-tax [4]	3.4	%	3.5	%	3.1	%	3.6	%	3.5	%

[1] Includes income on short-term bonds.

[2] Alternative investments include income on real estate joint ventures and hedge fund investments outside of limited partnerships.

[3] Primarily represents income from derivatives that hedge fixed maturities and qualify for hedge accounting.

[4] Represents annualized net investment income divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding repurchase

agreement and dollar roll collateral, consolidated variable interest entity non-controlling interests, and derivatives book value.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NET INVESTMENT INCOME BY SEGMENT

CONSOLIDATED

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013		Sept. 30 2013		Jun. 30 2013		Mar. 31 2013
Net Investment Income (Loss)
Commercial Markets	$	256		$	252	$	230	$	262	$	240
Consumer Markets	35			36		33		39		37
P&C Other Operations	35			36		33		37		35
Total Property & Casualty	326			324		296		338		312
Group Benefits	96			97		96		100		97
Talcott Resolution	412			398		414		429		434
Corporate	2			8		6		—		13
Total net investment income, excluding equity securities, trading	$	836		$	827	$	812	$	867	$	856
Equity securities, trading	(236		)	1,432		878		1,189		2,562
Total net investment income	$	600		$	2,259	$	1,690	$	2,056	$	3,418

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES)

CONSOLIDATED

	THREE MONTHS ENDED
	Mar. 31 2014			Dec. 31 2013			Sept. 30 2013			Jun. 30 2013			Mar. 31 2013
Net Realized Capital Gains (Losses)
Gross gains on sales [1]	$	197		$	353		$	106		$	211		$	1,717
Gross losses on sales	(148		)	(353		)	(139		)	(118		)	(82		)
Net impairment losses	(22		)	(14		)	(26		)	(12		)	(21		)
Valuation allowances on mortgage loans	—			(1		)	—			—			—
Japan fixed annuity contract hedges, net [2]	(9		)	10			(8		)	1			3
Periodic net coupon settlements on credit derivatives/Japan [3]	3			(4		)	3			—			(6		)
Results of variable annuity hedge program
U.S. GMWB derivatives, net	15			43			203			(31		)	47
U.S. macro hedge	(10		)	(52		)	(50		)	(47		)	(85		)
Total U.S. program	5			(9		)	153			(78		)	(38		)
International program	(32		)	(387		)	(286		)	(742		)	(171		)
Total results of variable annuity hedge program	(27		)	(396		)	(133		)	(820		)	(209		)
Other net gain (loss) [4]	(80		)	116			35			90			204
Total net realized capital gains (losses)	$	(86	)	$	(289	)	$	(162	)	$	(648	)	$	1,606
Less: Realized gain on dispositions, before tax	—			—			—			1			1,574
Less: Realized gains (losses), included in core earnings, before tax	4			(3		)	4			2			(5		)
Total net realized capital gains (losses) and other, before tax and DAC, excluded from core earnings (losses)	(90		)	(286		)	(166		)	(651		)	37
Less: Impacts of DAC	16			(10		)	28			(6		)	(6		)
Less: Impacts of tax	(36		)	(99		)	(64		)	(232		)	24
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)	$	(70	)	$	(177	)	$	(130	)	$	(413	)	$	19

[1] Includes $1.5 billion of gains for the three months ended March 31, 2013 relating to the sales of the Retirement Plans and Individual Life businesses.

[2] Relates to the Japan 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).

[3] Included in core earnings.

[4] Primarily consists of changes in value of non-qualifying derivatives, Japan 3Win related foreign currency swaps, and transactional foreign currency re-valuation associated with the internal reinsurance of the Japan variable annuity business, which is offset in AOCI. Includes $71 of derivative gains relating to the sales of the Retirement Plans and Individual

Life businesses for the three months ended March 31, 2013.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

CONSOLIDATED

	Mar. 31 2014				Dec. 31 2013				Sept. 30 2013				Jun. 30 2013				Mar. 31 2013
	Amount [1]		Percent		Amount [1]		Percent		Amount [1]		Percent		Amount [1]		Percent		Amount [1]		Percent
Total investments	$	97,084	100.0	%	$	98,401	100.0	%	$	103,064	100.0	%	$	105,520	100.0	%	$	114,838	100.0	%
Less: Equity securities, trading	17,418		17.9	%	19,745		20.1	%	22,343		21.7	%	23,362		22.1	%	28,099		24.5	%
Total investments excluding trading securities	$	79,666	82.1	%	$	78,656	79.9	%	$	80,721	78.3	%	$	82,158	77.9	%	$	86,739	75.5	%
Asset-backed securities	$	2,252	3.6	%	$	2,365	3.8	%	$	2,362	3.7	%	$	2,453	3.8	%	$	2,422	3.5	%
Collateralized debt obligations	2,394		3.8	%	2,387		3.8	%	2,550		4.0	%	2,623		4.0	%	2,558		3.7	%
Commercial mortgage-backed securities	4,568		7.2	%	4,446		7.1	%	4,489		7.0	%	4,733		7.3	%	5,205		7.5	%
Corporate	29,040		45.8	%	28,490		45.7	%	28,770		45.0	%	29,666		45.7	%	31,468		45.2	%
Foreign government/government agencies	4,050		6.4	%	4,104		6.6	%	3,968		6.2	%	3,825		5.9	%	3,927		5.6	%
Municipal	12,682		20.0	%	12,173		19.5	%	12,543		19.6	%	12,569		19.4	%	13,238		19.0	%
Residential mortgage-backed securities	4,556		7.2	%	4,647		7.5	%	5,086		7.9	%	5,167		8.0	%	6,716		9.6	%
U.S. Treasuries	3,797		6.0	%	3,745		6.0	%	4,255		6.6	%	3,845		5.9	%	4,133		5.9	%
Total fixed maturities, available-for-sale	$	63,339	100.0	%	$	62,357	100.0	%	$	64,023	100.0	%	$	64,881	100.0	%	$	69,667	100.0	%
U.S. government/government agencies	$	8,194	12.9	%	$	8,208	13.2	%	$	8,923	13.9	%	$	8,588	13.2	%	$	10,563	15.2	%
AAA	6,410		10.1	%	6,376		10.2	%	6,377		10.0	%	6,638		10.2	%	7,265		10.4	%
AA	12,930		20.4	%	12,273		19.7	%	12,923		20.2	%	13,273		20.5	%	13,877		19.9	%
A	16,084		25.4	%	15,498		24.9	%	15,412		24.1	%	15,514		23.9	%	17,007		24.4	%
BBB	16,006		25.3	%	16,087		25.7	%	16,187		25.2	%	16,570		25.6	%	17,079		24.5	%
BB & below	3,715		5.9	%	3,915		6.3	%	4,201		6.6	%	4,298		6.6	%	3,876		5.6	%
Total fixed maturities, available-for-sale	$	63,339	100.0	%	$	62,357	100.0	%	$	64,023	100.0	%	$	64,881	100.0	%	$	69,667	100.0	%

[1] Amount represents the value at which the assets are presented on the Consolidating Balance Sheets. Consolidating Balance Sheets are presented on page 4.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTED ASSET EXPOSURES

AS OF MARCH 31, 2014

	Cost or Amortized Cost		Fair Value		Percent of Total Invested Assets [1]
Top Ten Corporate and Equity, Available-for-sale, Exposures by Sector
Utilities	$	5,720	$	6,186	7.7	%
Financial Services	5,485		5,720		7.2	%
Consumer non-cyclical	3,594		3,915		4.9	%
Technology and communications	3,075		3,339		4.2	%
Basic Industry	2,493		2,626		3.3	%
Energy	2,312		2,523		3.2	%
Capital goods	2,086		2,269		2.8	%
Consumer cyclical	1,880		2,020		2.5	%
Transportation	939		1,008		1.3	%
Other	198		214		0.3	%
Total	$	27,782	$	29,820	37.4	%
Top Ten Exposures by Issuer [2]
Government of Japan [3]	$	2,902	$	2,843	3.6	%
Goldman Sachs Group Inc.	316		335		0.4	%
State of Illinois	310		321		0.4	%
State of California	263		288		0.4	%
JP Morgan Chase & Co.	301		286		0.4	%
HSBC Holdings PLC	266		270		0.3	%
National Grid PLC	241		270		0.3	%
Commonwealth of Massachusetts	240		264		0.3	%
Bank of America Corp.	247		250		0.3	%
Verizon Communication Inc.	200		230		0.3	%
Total	$	5,286	$	5,357	6.7	%

[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, AFS, and fixed maturities, fair value option on the Company’s Consolidating Balance Sheets.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

APPENDIX

BASIS OF PRESENTATION AND DEFINITIONS

All amounts are in millions, except for per share and ratio information unless otherwise stated. Amounts presented throughout this document have been rounded for presentation purposes.

The Hartford Financial Services Group, Inc. (the "Company", "we", or "our") 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.

The consolidating balance sheets and certain balance sheet measures incorporated herein are presented as follows: Life consists of Talcott Resolution, Mutual Funds, Group Benefits, and an Other category. Property & Casualty ("P&C") consists of P&C Commercial, Consumer Markets and P&C Other Operations. Corporate consists of the Corporate category.

Property & Casualty is organized into three reporting segments; P&C Commercial, Consumer Markets and P&C Other Operations ("Property & Casualty Combined"). 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. 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 is comprised of runoff business from the Company's U.S. annuity, international (entirely Japan) annuity, and institutional and private-placement life insurance businesses, as well as the Retirement Plans and Individual Life businesses sold in January 2013 and the U.K. variable annuity business sold in December 2013.

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

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 represent the combined effect of rate changes and amount of insurance per unit of exposure since the prior year. 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.

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 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, gains and losses from disposal of businesses, certain 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 core earnings to net income (loss) 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.

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.

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 writtenpremiums 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 herein on 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. 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 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.

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 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).

ROA, core earnings is a non-GAAP financial measure that the Company uses to evaluate the Mutual Funds and Talcott Resolution segments' operating performance. ROA is the most directly comparable U.S. GAAP measure. We believe that ROA, core earnings, provides investors with a valuable measure of the performance of these 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.