Segment Information Level 1 (Notes)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

The Company currently conducts business principally in six reporting segments, as well as a Corporate category. The Company's revenues from continuing operations are generated primarily in the United States ("U.S."). Any foreign sourced revenue in continuing operations is immaterial.

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

Commercial Lines

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

Personal Lines

Personal Lines provides standard automobile, homeowners and personal umbrella coverages to individuals across the U.S., including a special program designed exclusively for members of AARP.

Property & Casualty Other Operations

Property & Casualty Other Operations includes certain property and casualty operations, currently managed by the Company, that have discontinued writing new business and including substantially all of the Company’s asbestos and environmental exposures.

Group Benefits

Group Benefits provides employers, associations, affinity groups and financial institutions with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health.

Mutual Funds

Mutual Funds offers investment products for retail and retirement accounts and provides investment management and administrative services such as product design, implementation and oversight. This business also includes the runoff of the mutual funds supporting the Company's variable annuity products.

Talcott Resolution

Talcott Resolution is comprised of runoff business from the Company's individual annuity, the retained Japan fixed payout annuity liabilities, institutional and private-placement life insurance businesses. The Company's individual annuity business consist of U.S. annuity products for individuals, which include variable, fixed, and payout annuity products. In addition, Talcott Resolution includes the Retirement Plans and Individual Life businesses sold in 2013 and the Company's discontinued Japan and U.K. annuity businesses. For further information regarding the sale of these businesses, see Note 2 - Business Dispositions and Note 19 - Discontinued Operations of Notes to Consolidated Financial Statements.

Corporate

The Company includes in the Corporate category 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.

Financial Measures and Other Segment Information

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

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

	For the years ended December 31,
Revenues	2014		2013		2012
Earned premiums, fees, and other considerations
Commercial Lines
Workers’ compensation	$	2,971	$	2,975	$	2,987
Property	559		521		505
Automobile	591		579		587
Package business	1,163		1,139		1,160
Liability	582		566		562
Bond	210		201		205
Professional liability	213		222		253
Total Commercial Lines	6,289		6,203		6,259
Personal Lines
Automobile	2,613		2,522		2,526
Homeowners	1,193		1,138		1,110
Total Personal Lines [1]	3,806		3,660		3,636
Property & Casualty Other Operations	1		1		(2		)
Group Benefits
Group disability	1,450		1,452		1,735
Group life	1,478		1,717		1,881
Other	167		161		194
Total Group Benefits	3,095		3,330		3,810
Mutual Funds
Mutual Fund	586		520		419
Talcott	137		148		207
Total Mutual Funds	723		668		626
Talcott Resolution	1,407		1,463		2,708
Corporate	11		11		167
Total earned premiums, fees, and other considerations	15,332		15,336		17,204
Net investment income:
Securities available-for-sale and other	3,153		3,263		4,126
Equity securities, trading	1		1		1
Total net investment income	3,154		3,264		4,127
Net realized capital gains	16		1,798		497
Other revenues	112		275		258
Total revenues	$	18,614	$	20,673	$	22,086

[1] For 2014, 2013 and 2012, AARP members accounted for earned premiums of $3.0 billion, $2.9 billion and $2.8 billion, respectively.

	For the years ended December 31,
Net income (loss)	2014			2013			2012
Commercial Lines	$	983		$	870		$	547
Personal Lines	207			229			166
Property & Casualty Other Operations	(108		)	(2		)	57
Group Benefits	191			192			129
Mutual Funds	87			76			71
Talcott Resolution	(187		)	(634		)	1
Corporate	(375		)	(555		)	(1,009		)
Net income (loss)	$	798		$	176		$	(38	)

	For the years ended December 31,
Amortization of deferred policy acquisition costs and present value of future profits	2014		2013		2012
Commercial Lines	$	919	$	905	$	927
Personal Lines	348		332		332
Group Benefits	32		33		33
Mutual Funds	28		39		35
Talcott Resolution	402		485		663
Total amortization of deferred policy acquisition costs and present value of future profits	$	1,729	$	1,794	$	1,990

	For the years ended December 31,
Income tax expense (benefit)	2014			2013			2012
Commercial Lines	$	385		$	320		$	159
Personal Lines	92			100			65
Property & Casualty Other Operations	(51		)	(20		)	14
Group Benefits	63			63			31
Mutual Funds	49			42			38
Talcott Resolution	16			(7		)	(99		)
Corporate	(204		)	(252		)	(517		)
Total income tax expense (benefit)	$	350		$	246		$	(309	)

	As of December 31,
Assets	2014		2013
Commercial Lines	$	28,451	$	27,119
Personal Lines	5,983		5,873
Property & Casualty Other Operations	4,328		4,331
Group Benefits	9,686		8,882
Mutual Funds	443		307
Talcott Resolution	191,801		222,269
Corporate [1]	4,321		9,103
Total assets	$	245,013	$	277,884

[1] In 2014, the Company prospectively changed its methodology for allocating assets and liabilities to align with the legal entity capital of Property and Casualty, Group Benefits, Mutual Funds and Talcott Resolution and, within Property and Casualty, align assets and liabilities following the Company's internal capital allocation models. This resulted in a reallocation of assets and liabilities from Corporate to the segments.