Segment Information

3 Months Ended

Mar. 31, 2019

3. SEGMENT INFORMATION

The Company currently conducts business principally in five reporting segments including Commercial Lines, Personal Lines, Property & Casualty ("P&C") Other Operations, Group Benefits and Hartford Funds, as well as a Corporate category. The Company includes in the Corporate category discontinued operations related to the life and annuity business sold in May 2018, reserves for run-off structured settlement and terminal funding agreement liabilities, capital raising activities (including debt financing and related interest expense), certain purchase accounting adjustments related to goodwill and other expenses not allocated to the reporting segments. Corporate also includes investment management fees and expenses related to managing third party business, including management of the invested assets of Talcott Resolution Life, Inc. and its subsidiaries ("Talcott Resolution"). Talcott Resolution is the new holding company of the life and annuity business the Company sold in May 2018. In addition, Corporate includes a 9.7% ownership interest in the legal entity that acquired the sold life and annuity business. For further discussion of continued involvement in the life and annuity business sold in May 2018, see Note 16 - Business Disposition and Discontinued Operations of Notes to Condensed Consolidated Financial Statements.

The Company's revenues are generated primarily in the United States ("U.S."). Any foreign sourced revenue is immaterial.

Net Income



	Three Months Ended March 31,
	2019		2018
Commercial Lines	$	363	$	298
Personal Lines	96		89
Property & Casualty Other Operations	23		17
Group Benefits	118		54
Hartford Funds	30		34
Corporate	—		105
Net income	630		597
Preferred stock dividends	5		—
Net income available to common stockholders	$	625	$	597

Revenues



	Three Months Ended March 31,
	2019		2018
Earned premiums and fee income:
Commercial Lines
Workers’ compensation	$	825	$	818
Liability	168		151
Package business	352		332
Automobile	157		149
Professional liability	68		62
Bond	60		58
Property	156		150
Total Commercial Lines	1,786		1,720
Personal Lines
Automobile	561		607
Homeowners	247		262
Total Personal Lines [1]	808		869
Group Benefits
Group disability	704		677
Group life	643		664
Other	62		60
Total Group Benefits	1,409		1,401
Hartford Funds
Mutual fund and Exchange-Traded Products ("ETP")	216		232
Talcott Resolution life and annuity separate accounts [2]	22		26
Total Hartford Funds	238		258
Corporate	13		2
Total earned premiums and fee income	4,254		4,250
Net investment income	470		451
Net realized capital gains (losses)	163		(30		)
Other revenues	53		20
Total revenues	$	4,940	$	4,691


[1]	For the three months ended March 31, 2019 and 2018, AARP members accounted for earned premiums of $722 and $758, respectively.


[2]	Represents revenues earned for investment advisory services on the life and annuity separate account AUM sold in May 2018 that is still managed by the Company's Hartford Funds segment.

Revenue from Non-Insurance Contracts with Customers



		Three months ended March 31,
	Revenue Line Item	2019		2018
Commercial Lines
Installment billing fees	Fee income	$	9	$	9
Personal Lines
Installment billing fees	Fee income	9		10
Insurance servicing revenues	Other revenues	19		19
Group Benefits
Administrative services	Fee income	45		44
Hartford Funds
Advisor, distribution and other management fees	Fee income	217		238
Other fees	Fee income	21		20
Corporate
Investment management and other fees	Fee income	13		2
Transition service revenues	Other revenues	6		—
Total non-insurance revenues with customers		$	339	$	342