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Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information
4. SEGMENT INFORMATION
The Company currently conducts business principally in five reporting segments including Commercial Lines, Personal Lines,
Property & Casualty Other Operations, Group Benefits and Hartford Funds, as well as a Corporate category.
Net Income
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
2019
 
2020
2019
Commercial Lines
$
(66
)
$
191

 
$
55

$
554

Personal Lines
371

62

 
469

158

Property & Casualty Other Operations
5

11

 
10

34

Group Benefits
101

113

 
205

231

Hartford Funds
39

38

 
75

68

Corporate
18

(43
)
 
(73
)
(43
)
Net income
468

372

 
741

1,002

Preferred stock dividends
5


 
10

5

Net income available to common stockholders
$
463

$
372

 
$
731

$
997


Revenues
 
Three Months Ended June 30,
 
Six Months Ended June 30,

2020
2019
 
2020
2019
Earned premiums and fee income:


 


Commercial Lines


 


Workers’ compensation
$
720

$
832

 
$
1,536

$
1,656

Liability
337

233

 
680

401

Marine
67

27

 
132

27

Package business
383

365

 
760

717

Property
185

175

 
390

331

Professional liability
149

98

 
292

166

Bond
68

65

 
138

125

Assumed reinsurance
72

29

 
138

29

Automobile
181

172

 
369

330

Total Commercial Lines
2,162

1,996

 
4,435

3,782

Personal Lines




 




Automobile
462

565

 
1,005

1,126

Homeowners
241

246

 
481

493

Total Personal Lines [1]
703

811

 
1,486

1,619

Group Benefits




 




Group disability
719

723

 
1,445

1,427

Group life
632

638

 
1,239

1,281

Other
72

61

 
130

123

Total Group Benefits
1,423

1,422

 
2,814

2,831

Hartford Funds




 




Mutual fund and Exchange-Traded Products ("ETP")
207

227

 
432

443

Talcott Resolution life and annuity separate accounts [2]
20

24

 
42

46

Total Hartford Funds
227

251

 
474

489

Corporate
17

12

 
34

25

Total earned premiums and fee income
4,532

4,492

 
9,243

8,746

Net investment income
339

488

 
798

958

Net realized capital gains (losses)
109

80

 
(122
)
243

Other revenues
88

32

 
105

85

Total revenues
$
5,068

$
5,092

 
$
10,024

$
10,032


[1]
For the three months ended June 30, 2020 and 2019, AARP members accounted for earned premiums of $633 and $726, respectively. For the six months ended June 30, 2020 and 2019, AARP members accounted for earned premiums of $1.3 billion and $1.4 billion, 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 June 30,
 
Six Months Ended June 30,
 
Revenue Line Item
2020
2019
 
2020
2019
Commercial Lines
 
 
 
 




Installment billing fees
Fee income
$
5

$
9

 
$
13

$
18

Personal Lines
 




 




Installment billing fees
Fee income
9

10

 
18

19

Insurance servicing revenues
Other revenues
21

23

 
40

42

Group Benefits
 




 




Administrative services
Fee income
45

45

 
88

90

Hartford Funds
 




 




Advisor, distribution and other management fees
Fee income
207

228

 
431

446

Other fees
Fee income
20

22

 
43

43

Corporate
 




 




Investment management and other fees
Fee income
12

11

 
25

24

Transition service revenues
Other revenues

6

 
2

12

Total non-insurance revenues with customers
 
$
319

$
354

 
$
660

$
694