Segment Information Level 1 (Notes)

9 Months Ended

Sep. 30, 2015

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 U.S., along with a variety of customized insurance products and risk management services including professional liability, bond, surety 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, 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 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 a portion of the runoff of the mutual funds which supports the Company's variable annuity products.

Talcott Resolution

Talcott Resolution is comprised of runoff business from the Company's individual annuity, institutional, and private-placement life insurance businesses. The Company's individual annuity business consists of annuity products for individuals, which include variable, fixed, and payout annuity products. In addition, Talcott Resolution includes the retained Japan fixed payout annuity liabilities, as well as the Company's discontinued Japan annuity business prior to its sale in 2014.

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 annuity contracts from another to fund pension costs and to settle certain group life claims. In addition, certain inter-segment transactions occur that relate to interest income on allocated surplus. Consolidated net investment income is unaffected by such transactions.

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

	Three Months Ended September 30,						Nine Months Ended September 30,
Net Income (Loss)	2015			2014			2015			2014
Commercial Lines	$	211		$	280		$	710		$	721
Personal Lines	19			73			136			142
Property & Casualty Other Operations	16			14			(72		)	(108		)
Group Benefits	42			37			150			143
Mutual Funds	22			22			66			64
Talcott Resolution	74			28			402			(331		)
Corporate	(3		)	(66		)	(131		)	(215		)
Net income	$	381		$	388		$	1,261		$	416

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

	Three Months Ended September 30,					Nine Months Ended September 30,
Revenues	2015			2014		2015			2014
Earned premiums and fee income
Commercial Lines
Workers’ compensation	$	769		$	738	$	2,273		$	2,204
Property	158			142		474			415
Automobile	156			149		456			438
Package business	305			294		896			866
Liability	146			144		423			435
Bond	55			55		163			158
Professional liability	58			56		168			162
Total Commercial Lines	1,647			1,578		4,853			4,678
Personal Lines
Automobile	674			662		1,994			1,948
Homeowners	303			302		901			890
Total Personal Lines [1]	977			964		2,895			2,838
Property & Casualty Other Operations	1			—		1			—
Group Benefits
Group disability	361			357		1,106			1,091
Group life	365			354		1,106			1,113
Other	43			42		133			125
Total Group Benefits	769			753		2,345			2,329
Mutual Funds
Mutual Fund	154			150		457			436
Talcott	28			35		88			106
Total Mutual Funds	182			185		545			542
Talcott Resolution	275			379		848			1,084
Corporate	1			2		6			9
Total earned premiums and fee income	3,852			3,861		11,493			11,480
Net investment income	730			810		2,335			2,402
Net realized capital gains (losses)	(44		)	69		(30		)	30
Other revenues	24			29		66			85
Total revenues	$	4,562		$	4,769	$	13,864		$	13,997

[1] For the three months endedSeptember 30, 2015 and 2014, AARP members accounted for earned premiums of $797 and $772, respectively. For the nine months ended September 30,2015 and 2014, AARP members accounted for earned premiums of $2.3 billion.