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): November 3, 2005

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. Hartford Plaza Hartford, Connecticut	06115-1900
(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EX-99.1: INVESTOR FINANCIAL SUPPLEMENT

Item 2.02 Results of Operations and Financial Condition

On November 3, 2005, The Hartford Financial Services Group, Inc. issued its Investor Financial Supplement (“IFS”) relating to its financial results for the three months ended September 30, 2005. A copy of the IFS is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit No.
99.1	Investor Financial Supplement of The Hartford Financial Services Group, Inc. for the three months ended September 30, 2005

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.

	THE HARTFORD FINANCIAL SERVICES GROUP, INC.
Date: November 4, 2005	By:	/s/ Robert J. Price
	Name:		Robert J. Price
	Title:		Senior Vice President and Controller

EX-99.1

INVESTOR FINANCIAL SUPPLEMENT

SEPTEMBER 30, 2005

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

As of October 31, 2005

	A.M. Best	Fitch	Standard & Poor’s	Moody’s
Insurance Financial Strength Ratings:
Hartford Fire Insurance Company	A+	AA	AA-	Aa3
Hartford Life Insurance Company	A+	AA	AA-	Aa3
Hartford Life & Accident	A+	AA	AA-	Aa3
Hartford Life Group Insurance Company	A+	AA	—	—
Hartford Life & Annuity	A+	AA	AA-	Aa3
Hartford Life Insurance KK	—	—	AA-	—
Hartford Life Limited (IRL)	—	—	AA-	—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt	a-	A	A-	A3
Commercial paper	AMB-2	F1	A-2	P-2
Hartford Life, Inc.:
Senior debt	a-	A	A-	A3
Commercial paper	AMB-1	F1	A-2	P-2

Address:
690 Asylum Avenue
Hartford, CT 06105

Internet address:
http://www.thehartford.com

Contacts:
Kimberly Johnson
Vice President
Investor Relations
Phone (860) 547-6781

Greg Schroeter
Assistant Vice President
Investor Relations
Phone (860) 547-9140

Margaret Mann
Program Assistant
Investor Relations
Phone (860) 547-3800

TRANSFER AGENT
The Bank of New York
Shareholder Relations Department — 12E
P.O. Box 11258
Church Street Station
New York, NY 10286
1 (800) 524-4458

COMMON STOCK

Common stock of The Hartford Financial Services Group, Inc. is traded on the New York Stock Exchange under the symbol “HIG”.

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 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

	Basis of Presentation	i, ii
CONSOLIDATED	Consolidated Financial Results		C-1
	Operating Results by Segment		C-2
	Analysis of Operating Results by Segment		C-2a
	Consolidating Statements of Operations
	Three Months Ended September 30, 2005 and 2004		C-3
	Nine Months Ended September 30, 2005 and 2004		C-4
	Consolidating Balance Sheets
	As of September 30, 2005 and December 31, 2004		C-5
	Capital Structure		C-6
	Accumulated Other Comprehensive Income		C-7
	Computation of Basic and Diluted Earnings Per Share		C-8
	Computation of Return-on-Equity Measures		C-9
	Weighted Average Share Analysis		C-10
LIFE	Financial Highlights		L-1
	Operating Results		L-2
	Total Assets Under Management		L-3
	Consolidated Balance Sheets		L-4
	Deferred Policy Acquisition Costs and Present Value of Future Profits		L-5
	Supplemental Data — Annuity Death and Income Benefits		L-6
	Reinsurance Recoverable Analysis
	As of June 30, 2005		L-7
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation		L-8
	Retail Products Group
	Income Statements
	Individual Annuity		L-9
	Other		L-10
	Supplemental Data
	Sales/Other Deposits		L-11
	Assets Under Management		L-12
	Individual Annuity — Account Value Rollforward		L-13
	Other — Account Value Rollforward		L-14
	Institutional Solutions Group
	Income Statements		L-15
	Supplemental Data
	Sales/Other Deposits		L-16
	Assets Under Management		L-17
	Account Value and Asset Rollforward		L-18
	Individual Life
	Income Statements		L-19
	Supplemental Data		L-20
	Account Value Rollforward		L-21
	Group Benefits
	Income Statements		L-22
	Supplemental Data		L-23
	International — Japan Supplemental Data		L-24
PROPERTY &	Financial Highlights	PC-1
CASUALTY	Operating Results	PC-2
	Consolidating Underwriting Results
	Three Months Ended September 30, 2005	PC-3
	Nine Months Ended September 30, 2005	PC-4
	Ongoing Property & Casualty Underwriting Results	PC-5
	Business Insurance Underwriting Results	PC-6
	Business Insurance Written and Earned Premiums	PC-7
	Personal Lines Underwriting Results	PC-8
	Personal Lines Written and Earned Premiums	PC-9
	Specialty Commercial Underwriting Results	PC-10
	Specialty Commercial Written and Earned Premiums	PC-11
	Statistical Premium Information (Year over Year)	PC-12
	Other Operations Underwriting Results	PC-13
	Other Operations Claims and Claim Adjustment Expenses	PC-14
	Summary of Gross Environmental Reserves	PC-15
	Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-16
	Unpaid Claims and Claim Adjustment Expense Reserve Rollforward
	Three Months Ended September 30, 2005 and 2004	PC-17
	Nine Months Ended September 30, 2005 and 2004	PC-18
	Reinsurance Recoverable Analysis	PC-19
	Consolidated Income Statements	PC-20
	Consolidated Balance Sheets	PC-21
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-22
INVESTMENTS	General Account — Investment Earnings Before-tax
	Consolidated		I-1
	Life		I-2
	Property & Casualty		I-3
	Corporate		I-4
	Composition of Invested Assets
	Consolidated		I-5
	Life		I-6
	Property & Casualty		I-7
	Unrealized Loss Aging
	Consolidated		I-8
	Life		I-9
	Property & Casualty		I-10
	Invested Asset Exposures
	As of September 30, 2005		I-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION

     DEFINITIONS AND PRESENTATION

• All amounts are in millions, except for per share and ratio information.

• Life is organized into four reportable operating segments: Retail Products Group, Institutional Solutions Group, Individual Life and Group Benefits. Life also includes in an Other category its international operations, which are located primarily in Japan and Brazil; net realized capital gains and losses other than net realized capital gains and losses related to guaranteed minimum withdrawal benefits; corporate items not directly allocated to any of its reportable operating segments; and intersegment eliminations. Net realized capital gains and losses related to guaranteed minimum withdrawal benefits are reflected in each applicable segment in net realized capital gains and losses.

• Property & Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of the Business Insurance, Personal Lines and Specialty Commercial segments. Other Operations includes the underwriting results of certain property and casualty insurance operations that have discontinued writing new business and substantially all of the Company’s asbestos and environmental exposures. Property & Casualty includes the underwriting results of Ongoing Operations and Other Operations along with income and expense items not directly allocated to the Company’s property and casualty segments, such as net investment income, net servicing income, net realized capital gains and losses, other expenses and income taxes.

• Corporate primarily includes all of the Company’s debt financing and related interest expense, as well as certain capital raising and certain purchase accounting adjustment activities.

• Certain operating and statistical measures have been incorporated herein to provide supplemental data that indicate trends in The Hartford’s current business. These measures include sales, account value, insurance in-force and premium renewal retention. Premium renewal retention is defined as renewal premium written in the current period divided by total premium written in the prior period.

• The Hartford, 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 claims and claim 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 Hartford, 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, claims and claim 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.

• Accumulated other comprehensive income (“AOCI”) represents net of tax unrealized gain (loss) on available-for-sale securities; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and minimum pension liability adjustment.

• Assets under management is an internal performance measure used by the Company because a significant portion of the Company’s revenues are based upon asset values. These revenues increase or decrease with a rise or fall, correspondingly, in the level of assets under management.

• Investment yield, before- or after-tax, is calculated by dividing before- or after-tax, respectively, annualized net investment income (excluding net realized capital gains (losses) and change in fair value of trading securities) by average invested assets at cost (fixed maturities at amortized cost, excluding trading securities).

• Certain reclassifications have been made to the prior periods to conform to the September 30, 2005 presentation. Specifically, the Company reclassified amounts assessed against certain contractholder balances during 2004 from net investment income to fee income.

• NM — Not meaningful means increases or decreases greater than 200%, or changes from a net gain to a net loss position, or vice versa.

i

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION (CONTINUED)

     DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES

• The Hartford 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 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 and other financial measures to those of other companies.

• The Hartford uses the non-GAAP financial measure operating income as an important measure of the Company’s operating performance. Operating income is net income, before the after-tax effect of net realized capital gains and losses and the cumulative effect of accounting changes. The Company believes operating income provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it excludes the effect of realized capital gains and losses, which tend to be highly variable from period to period and are primarily based on market conditions unrelated to the Company’s insurance operations. Net income is the most directly comparable GAAP measure. A reconciliation of net income to operating income for the periods presented herein is set forth at page C-8. Operating income per share is calculated based on a non-GAAP financial measure. Net income per share is the most directly comparable GAAP measure. A reconciliation of net income per share to operating income per share for the periods presented herein is set forth at page C-8.

• The Hartford uses the non-GAAP financial measure operating income, before tax related items, to further enhance investor understanding of the Company’s ongoing businesses by eliminating the effects of tax related items because these items are highly variable from period to period. Net income is the most directly comparable GAAP measure. A reconciliation of net income to operating income, before tax related items, for the periods presented herein is set forth at page C-8. Operating income, before tax related items, per share is calculated based on a non-GAAP financial measure. Net income per share is the most directly comparable GAAP measure. A reconciliation of net income per share to operating income, before tax related items, per share for the periods presented herein is set forth at page C-8.

• Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s property-casualty operations. Because written premiums represents the amount of premium charged for policies issued during a fiscal period, The Hartford believes it is useful to investors because it reflects current trends in The Hartford’s sale of property-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.

• The profitability of Property & Casualty underwriting segments is evaluated by The Hartford’s management primarily based upon underwriting results. Underwriting results is a before-tax measure that represents earned premiums less incurred claims, claim adjustment expenses and underwriting expenses. Underwriting results are 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, 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. In addition to underwriting results for each segment, net income for Property & Casualty includes income from servicing businesses, net investment income, other expenses, net realized capital gains (losses) and income taxes.

• A catastrophe is a severe loss, resulting from natural and manmade events, including risks such as fire, earthquake, windstorm, explosion, terrorism or other 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 claims and claim adjustment reserves prior to occurrence. The Hartford believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings.

• Underwriting results before catastrophes and prior year development is a non-GAAP financial measure because it excludes the effects of catastrophes, prior year development and the reduction in earned premiums relating to retrospectively rated policies. The Company believes that this measure is useful to investors as an additional measure of Property & Casualty’s current operations, because it excludes the effect of items relating to prior periods. Net income is the most directly comparable GAAP measure. A reconciliation of the adjusted underwriting results to underwriting results and net income for the period presented herein is set forth on page C-2a.

• Book value per share excluding AOCI is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) stockholders’ equity excluding AOCI, net of tax, by (b) common shares outstanding. The Hartford provides book value per 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. The Hartford believes book value per share excluding AOCI is useful to investors because it eliminates the effect of items which typically fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per share is the most directly comparable GAAP measure. A reconciliation of book value per share to book value per share excluding AOCI for the periods presented herein is set forth at page C-1.

• The Hartford provides several different measures of the return on equity (“ROE”) of the Company. Two return-on-equity measures, ROE (operating income last twelve months to equity excluding AOCI) and ROE (operating income, before tax related items, last twelve months to equity excluding AOCI), are calculated based on non-GAAP financial measures. ROE (operating income last twelve months to equity excluding AOCI) is calculated by dividing (a) operating income for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. ROE (operating income, before tax related items, last twelve months to equity excluding AOCI) is calculated by dividing (a) operating income, before tax related items, for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non-GAAP operating income financial measures for the reasons set forth in the related discussion above. The Hartford 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 equity including AOCI) is the most directly comparable GAAP measure. A reconciliation of the non-GAAP return-on-equity measures for the periods presented herein to ROE (net income last twelve months to equity including AOCI) is set forth at page C-9.

ii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS

																Year Over
	THREE MONTHS ENDED															Year				Sequential				NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			June 30,			Sept 30,			3 Month				3 Month				SEPTEMBER 30,
HIGHLIGHTS	2004			2004			2005			2005			2005			Change				Change				2004			2005			Change
Net income	$	494		$	620		$	666		$	602		$	539			9	%			(10	%)		$	1,495		$	1,807			21	%
Operating income [1]	$	468		$	596		$	583		$	613		$	560			20	%			(9	%)		$	1,372		$	1,756			28	%
Operating income, before tax related items [1]	$	252		$	596		$	583		$	613		$	560			122	%			(9	%)		$	1,156		$	1,756			52	%
Total revenues	$	5,416		$	6,101		$	5,991		$	6,057		$	7,298			35	%			20	%		$	16,592		$	19,346			17	%
Total assets	$	246,489		$	259,735		$	261,420		$	268,382		$	280,465			14	%			5	%
Total assets under management [2]	$	274,961		$	291,696		$	293,311		$	302,625		$	315,871			15	%			4	%
PER SHARE AND SHARES DATA
Basic earnings per share
Net income	$	1.68		$	2.11		$	2.26		$	2.03		$	1.80			7	%			(11	%)		$	5.12		$	6.08			19	%
Operating income [1]	$	1.60		$	2.03		$	1.98		$	2.06		$	1.87			17	%			(9	%)		$	4.70		$	5.91			26	%
Operating income, before tax related items [1]	$	0.86		$	2.03		$	1.98		$	2.06		$	1.87			117	%			(9	%)		$	3.96		$	5.91			49	%
Diluted earnings per share
Net income	$	1.66		$	2.08		$	2.21		$	1.98		$	1.76			6	%			(11	%)		$	5.04		$	5.94			18	%
Operating income [1]	$	1.57		$	2.00		$	1.93		$	2.02		$	1.82			16	%			(10	%)		$	4.63		$	5.77			25	%
Operating income, before tax related items [1]	$	0.85		$	2.00		$	1.93		$	2.02		$	1.82			114	%			(10	%)		$	3.90		$	5.77			48	%
Weighted average common shares outstanding (basic)		293.2			293.8			294.8			297.1			299.2			6.0		sh		2.1		sh		291.8			297.1			5.3		sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		297.5			298.1			301.3			303.9			307.0			9.5		sh		3.1		sh		296.6			304.1			7.5		sh
Common shares outstanding		293.5			294.2			296.5			298.7			300.1			6.6		sh		1.4		sh		293.5			300.1			6.6		sh
Book value per share	$	46.51		$	48.40		$	47.93		$	52.19		$	51.02			10	%			(2	%)
Per share impact of AOCI	$	4.81		$	4.85		$	2.33		$	4.75		$	1.98			(59	%)			(58	%)
Book value per share (excluding AOCI)	$	41.70		$	43.55		$	45.60		$	47.44		$	49.04			18	%			3	%
FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [3]		15.6	%		16.3	%		16.0	%		17.1	%		16.8	%		1.2				(0.3	)
ROE (operating income last 12 months to equity excluding AOCI)[3]		16.2	%		17.0	%		16.5	%		17.4	%		17.5	%		1.3				0.1
ROE (operating income, before tax related items, last 12 months to equity excluding AOCI) [3]		14.3	%		15.1	%		14.7	%		15.7	%		17.5	%		3.2				1.8
Debt to capitalization including AOCI		26.5	%		25.7	%		25.7	%		23.1	%		23.4	%		(3.1	)			0.3
Investment yield, after-tax		3.9	%		3.9	%		3.9	%		3.8	%		4.0	%		0.1				0.2				3.9	%		3.9	%		—
Ongoing Property & Casualty GAAP combined ratio		108.9			90.2			88.6			87.0			97.9			11.0				(10.9	)			97.1			91.2			5.9

[1]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax. See page C-8 for reconciliation of net income to operating income and to operating income, before tax related items.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-5).
[3]	See page C-9 for a computation of return-on-equity measures.

C-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
OPERATING RESULTS BY SEGMENT

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Life
Retail Products Group
Individual Annuity	$	127		$	132		$	134		$	141		$	158			24	%		12	%	$	351		$	433			23	%
Other Retail [1]		13			17			18			(6	)		23			77	%	NM				42			35			(17	%)
Total Retail Products Group		140			149			152			135			181			29	%		34	%		393			468			19	%
Institutional Solutions Group		33			35			40			32			38			15	%		19	%		90			110			22	%
Individual Life		44			39			39			39			45			2	%		15	%		115			123			7	%
Group Benefits		70			64			59			64			68			(3	%)		6	%		165			191			16	%
Other [2]		19			20			(52	)		17			36			89	%		112	%		52			1			(98	%)
Life operating income, before tax related items [3]		306			307			238			287			368			20	%		28	%		815			893			10	%
Tax related items		190			—			—			—			—			(100	%)		—			190			—			(100	%)
Total Life operating income [3]		496			307			238			287			368			(26	%)		28	%		1,005			893			(11	%)
Property & Casualty
Ongoing Operations Underwriting Results
Business Insurance		(25	)		63			118			141			125		NM				(11	%)		297			384			29	%
Personal Lines		(137	)		94			127			188			71		NM				(62	%)		44			386		NM
Specialty Commercial		(58	)		86			40			5			(143	)		(147	%)	NM				(139	)		(98	)		29	%
Total Ongoing Operations underwriting results		(220	)		243			285			334			53		NM				(84	%)		202			672		NM
Other Operations underwriting results [4]		(110	)		(59	)		(28	)		(110	)		(53	)		52	%		52	%		(389	)		(191	)		51	%
Total Property & Casualty underwriting results		(330	)		184			257			224			—			100	%		(100	%)		(187	)		481		NM
Net investment income		309			333			337			328			349			13	%		6	%		915			1,014			11	%
Periodic net coupon settlements on non-qualifying derivatives, before-tax [3]		1			1			—			—			—			(100	%)		—			8			—			(100	%)
Net servicing and other income		10			2			13			15			12			20	%		(20	%)		40			40			—
Other expenses		(53	)		(54	)		(60	)		(39	)		(53	)		—			(36	%)		(181	)		(152	)		16	%
Income tax (expense) benefit		50			(135	)		(161	)		(159	)		(76	)	NM				52	%		(123	)		(396	)	NM
Property & Casualty operating income (loss), before tax related items [3]		(13	)		331			386			369			232		NM				(37	%)		472			987			109	%
Tax related items		26			—			—			—			—			(100	%)		—			26			—			(100	%)
Total Property & Casualty operating income [3]		13			331			386			369			232		NM				(37	%)		498			987			98	%
Interest and Other Corporate		(41	)		(42	)		(41	)		(43	)		(40	)		2	%		7	%		(131	)		(124	)		5	%
Operating income, before tax related items [3]		252			596			583			613			560			122	%		(9	%)		1,156			1,756			52	%
Tax related items		216			—			—			—			—			(100	%)		—			216			—			(100	%)
Operating income [3]		468			596			583			613			560			20	%		(9	%)		1,372			1,756			28	%
Add: Net realized capital gains (losses), after-tax [3]		26			24			83			(11	)		(21	)	NM				(91	%)		146			51			(65	%)
Add: Cumulative effect of accounting change, after-tax		—			—			—			—			—			—			—			(23	)		—			100	%
Net income	$	494		$	620		$	666		$	602		$	539			9	%		(10	%)	$	1,495		$	1,807			21	%
PER SHARE DATA [5]
Diluted earnings per share
Operating income, before tax related items	$	0.85		$	2.00		$	1.93		$	2.02		$	1.82			114	%		(10	%)	$	3.90		$	5.77			48	%
Operating income	$	1.57		$	2.00		$	1.93		$	2.02		$	1.82			16	%		(10	%)	$	4.63		$	5.77			25	%
Net income	$	1.66		$	2.08		$	2.21		$	1.98		$	1.76			6	%		(11	%)	$	5.04		$	5.94			18	%

[1]	Included in the three months ended June 30, 2005 and nine months ended September 30, 2005 is an expense of $24, after-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[2]	Included in the three months ended March 31, 2005 and nine months ended September 30, 2005 is a charge of $66 to reserve for investigations related to market timing by the SEC and New York Attorney General’s Office and directed brokerage by the SEC.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.
[4]	The nine months ended September 30, 2004 includes a net reserve release of $97 related to September 11, an increase of $130 for assumed casualty reinsurance reserves and a provision of $181 associated with the evaluation of the reinsurance recoverable asset. The three and nine months ended September 30, 2004 includes $75 of environmental reserve strengthening. The three months ended December 31, 2004 includes an increase of $40 for assumed casualty reinsurance reserves. The three months ended June 30, 2005 and nine months ended September 30, 2005 include assumed reinsurance reserve strengthening of $73. The three and nine months ended September 30, 2005 includes environmental reserve strengthening of $37.
[5]	See page C-8 for reconciliation of net income to operating income and to operating income, before tax related items.

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
OPERATING RESULTS BY SEGMENT

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Life
Retail Products Group
Individual Annuity	$	127		$	132		$	134		$	141		$	158			24	%		12	%	$	351		$	433			23	%
Other Retail [1]		13			17			18			(6	)		23			77	%	NM				42			35			(17	%)
Total Retail Products Group		140			149			152			135			181			29	%		34	%		393			468			19	%
Institutional Solutions Group		33			35			40			32			38			15	%		19	%		90			110			22	%
Individual Life		44			39			39			39			45			2	%		15	%		115			123			7	%
Group Benefits		70			64			59			64			68			(3	%)		6	%		165			191			16	%
Other [2]		19			20			(52	)		17			36			89	%		112	%		52			1			(98	%)
Life operating income, before tax related items [3]		306			307			238			287			368			20	%		28	%		815			893			10	%
Tax related items		190			—			—			—			—			(100	%)		—			190			—			(100	%)
Total Life operating income [3]		496			307			238			287			368			(26	%)		28	%		1,005			893			(11	%)
Property & Casualty
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development [4]:
Business Insurance		108			115			135			140			147			36	%		5	%		331			422			27	%
Personal Lines		99			87			134			115			146			47	%		27	%		325			395			22	%
Specialty Commercial		48			104			55			42			25			(48	%)		(40	%)		117			122			4	%
Total Ongoing Operations underwriting results before catastrophes and prior year development		255			306			324			297			318			25	%		7	%		773			939			21	%
Catastrophe impacts, excluding prior year development [5]		(422	)		(28	)		(33	)		(37	)		(222	)		47	%	NM				(511	)		(292	)		43	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		17			—			(13	)		(8	)		7			(59	%)	NM				314			(14	)	NM
Other loss and loss adjustment expenses		(70	)		(35	)		7			82			(50	)		29	%	NM				(284	)		39		NM
Prior year earned premium adjustment on retrospectively rated policies		—			—			—			—			—			—			—			(90	)		—			100	%
Total Ongoing Operations underwriting results		(220	)		243			285			334			53		NM				(84	%)		202			672		NM
Other Operations underwriting results [6]		(110	)		(59	)		(28	)		(110	)		(53	)		52	%		52	%		(389	)		(191	)		51	%
Total Property & Casualty underwriting results		(330	)		184			257			224			—			100	%		(100	%)		(187	)		481		NM
Net investment income		309			333			337			328			349			13	%		6	%		915			1,014			11	%
Periodic net coupon settlements on non-qualifying derivatives, before-tax [3]		1			1			—			—			—			(100	%)		—			8			—			(100	%)
Net servicing and other income		10			2			13			15			12			20	%		(20	%)		40			40			—
Other expenses		(53	)		(54	)		(60	)		(39	)		(53	)		—			(36	%)		(181	)		(152	)		16	%
Income tax (expense) benefit		50			(135	)		(161	)		(159	)		(76	)	NM				52	%		(123	)		(396	)	NM
Property & Casualty operating income (loss), before tax related items [3]		(13	)		331			386			369			232		NM				(37	%)		472			987			109	%
Tax related items		26			—			—			—			—			(100	%)		—			26			—			(100	%)
Total Property & Casualty operating income [3]		13			331			386			369			232		NM				(37	%)		498			987			98	%
Interest and Other Corporate		(41	)		(42	)		(41	)		(43	)		(40	)		2	%		7	%		(131	)		(124	)		5	%
Operating income, before tax related items [3]		252			596			583			613			560			122	%		(9	%)		1,156			1,756			52	%
Tax related items		216			—			—			—			—			(100	%)		—			216			—			(100	%)
Operating income [3]		468			596			583			613			560			20	%		(9	%)		1,372			1,756			28	%
Add: Net realized capital gains (losses), after-tax [3]		26			24			83			(11	)		(21	)	NM				(91	%)		146			51			(65	%)
Add: Cumulative effect of accounting change, after-tax		—			—			—			—			—			—			—			(23	)		—			100	%
Net income	$	494		$	620		$	666		$	602		$	539			9	%		(10	%)	$	1,495		$	1,807			21	%

[1]	Included in the three months ended June 30, 2005 and nine months ended September 30, 2005 is an expense of $24, after-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[2]	Included in the three months ended March 31, 2005 and nine months ended September 30, 2005 is a charge of $66 to reserve for investigations related to market timing by the SEC and New York Attorney General’s Office and directed brokerage by the SEC.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.
[4]	Adjusted to exclude catastrophe losses, prior year loss development and, for the nine months ended September 30, 2004, a decrease in estimated earned premiums on retrospectively-rated policies. Underwriting results before catastrophes and prior year development is a non-GAAP financial measure because it excludes the effects of catastrophes, prior year development and the reduction in earned premiums relating to retrospectively-rated policies. The Company has included this item as an additional measure of the performance of the Company’s Property & Casualty current operations, because it excludes the effect of items relating to prior periods. A reconciliation of the adjusted underwriting results to the Company’s GAAP underwriting results is set forth above.
[5]	Catastrophe impacts include reinstatement premium of $17. Catastrophe impacts for the three months ended September 30, 2004 include $133 from Hurricane Charley, $113 from Hurricane Frances, $65 from Hurricane Ivan, and $100 from Hurricane Jeanne. Catastrophe impacts for the three months ended September 30, 2005 include reinstatement premium of $60 and losses of $90 from Hurricane Katrina and losses of $50 from Hurricane Rita.
[6]	The nine months ended September 30, 2004 includes a net reserve release of $97 related to September 11, an increase of $130 for assumed casualty reinsurance reserves and a provision of $181 associated with the evaluation of the reinsurance recoverable asset. The three and nine months ended September 30, 2004 includes $75 of environmental reserve strengthening. The three months ended December 31, 2004 includes an increase of $40 for assumed casualty reinsurance reserves. The three months ended June 30, 2005 and nine months ended September 30, 2005 include assumed reinsurance reserve strengthening of $73. The three and nine months ended September 30, 2005 includes environmental reserve strengthening of $37.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

	LIFE									PROPERTY & CASUALTY								CORPORATE									CONSOLIDATED
	2005			2004			Change			2005		2004			Change			2005			2004			Change			2005			2004			Change
Earned premiums	$	1,045		$	1,058			(1	%)	$	2,517	$	2,474			2	%	$	—		$	—			—		$	3,562		$	3,532			1	%
Fee income		1,026			864			19	%		—		—			—			3			3			—			1,029			867			19	%
Net investment income
Securities available-for-sale and other		771			726			6	%		349		309			13	%		4			5			(20	%)		1,124			1,040			8	%
Equity securities held for trading		1,500			(174	)	NM				—		—			—			—			—			—			1,500			(174	)	NM
Total net investment income [1]		2,271			552		NM				349		309			13	%		4			5			(20	%)		2,624			866		NM
Other revenues		—			—			—			115		107			7	%		1			—		NM				116			107			8	%
Net realized capital gains (losses)		(35	)		28		NM				2		18			(89	%)		—			(2	)		100	%		(33	)		44		NM
Total revenues		4,307			2,502			72	%		2,983		2,908			3	%		8			6			33	%		7,298			5,416			35	%
Benefits, claims and claim adjustment expenses [1]		2,926			1,325			121	%		1,843		2,140			(14	%)		—			2			(100	%)		4,769			3,467			38	%
Amortization of deferred policy acquisition costs and present value of future profits		312			236			32	%		500		471			6	%		—			—			—			812			707			15	%
Insurance operating costs and expenses		612			526			16	%		174		193			(10	%)		—			—			—			786			719			9	%
Interest expense		—			—			—			—		—			—			62			61			2	%		62			61			2	%
Other expenses		9			(1	)	NM				156		150			4	%		8			6			33	%		173			155			12	%
Total benefits and expenses		3,859			2,086			85	%		2,673		2,954			(10	%)		70			69			1	%		6,602			5,109			29	%
Income (loss) before income taxes		448			416			8	%		310		(46	)	NM				(62	)		(63	)		2	%		696			307			127	%
Income tax expense (benefit) [2]		102			(96	)	NM				77		(70	)	NM				(22	)		(21	)		(5	%)		157			(187	)	NM
Net income (loss)		346			512			(32	%)		233		24		NM				(40	)		(42	)		5	%		539			494			9	%
Less: Net realized capital gains (losses), after-tax		(22	)		16		NM				1		11			(91	%)		—			(1	)		100	%		(21	)		26		NM
Operating income (loss) [3]	$	368		$	496			(26	%)	$	232	$	13		NM			$	(40	)	$	(41	)		2	%	$	560		$	468			20	%

[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, claims and claim adjustment expenses.
[2]	Life includes $190 and Property and Casualty includes $26 in 2004 of tax benefit related to tax years prior to 2004.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

	LIFE								PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	2005		2004			Change			2005		2004		Change			2005			2004			Change			2005		2004			Change
Earned premiums	$	3,091	$	3,023			2	%	$	7,602	$	7,013		8	%	$	—		$	—			—		$	10,693	$	10,036			7	%
Fee income		2,936		2,527			16	%		—		—		—			8			6			33	%		2,944		2,533			16	%
Net investment income
Securities available-for-sale and other		2,233		2,141			4	%		1,014		915		11	%		16			15			7	%		3,263		3,071			6	%
Equity securities held for trading		2,024		383		NM				—		—		—			—			—			—			2,024		383		NM
Total net investment income [1]		4,257		2,524			69	%		1,014		915		11	%		16			15			7	%		5,287		3,454			53	%
Other revenues		—		—			—			342		328		4	%		2			1			100	%		344		329			5	%
Net realized capital gains (losses)		30		130			(77	%)		50		116		(57	%)		(2	)		(6	)		67	%		78		240			(68	%)
Total revenues		10,314		8,204			26	%		9,008		8,372		8	%		24			16			50	%		19,346		16,592			17	%
Benefits, claims and claim adjustment expenses [1]		6,421		4,733			36	%		5,145		5,314		(3	%)		4			5			(20	%)		11,570		10,052			15	%
Amortization of deferred policy acquisition costs and present value of future profits		860		702			23	%		1,490		1,372		9	%		—			—			—			2,350		2,074			13	%
Insurance operating costs and expenses		1,815		1,563			16	%		486		514		(5	%)		—			—			—			2,301		2,077			11	%
Interest expense		—		—			—			—		—		—			189			189			—			189		189			—
Other expenses		22		3		NM				454		469		(3	%)		23			26			(12	%)		499		498			—
Total benefits and expenses		9,118		7,001			30	%		7,575		7,669		(1	%)		216			220			(2	%)		16,909		14,890			14	%
Income (loss) before income taxes and cumulative effect of accounting change		1,196		1,203			(1	%)		1,433		703		104	%		(192	)		(204	)		6	%		2,437		1,702			43	%
Income tax expense (benefit) [2]		283		118			140	%		414		135	NM				(67	)		(69	)		3	%		630		184		NM
Income (loss) before cumulative effect of accounting change		913		1,085			(16	%)		1,019		568		79	%		(125	)		(135	)		7	%		1,807		1,518			19	%
Cumulative effect of accounting change, after-tax [3]		—		(23	)		100	%		—		—		—			—			—			—			—		(23	)		—
Net income (loss)		913		1,062			(14	%)		1,019		568		79	%		(125	)		(135	)		7	%		1,807		1,495			21	%
Less: Net realized capital gains (losses), after-tax		20		80			(75	%)		32		70		(54	%)		(1	)		(4	)		75	%		51		146			(65	%)
Less: Cumulative effect of accounting change, after-tax		—		(23	)		100	%		—		—		—			—			—			—			—		(23	)		100	%
Operating income (loss) [4]	$	893	$	1,005			(11	%)	$	987	$	498		98	%	$	(124	)	$	(131	)		5	%	$	1,756	$	1,372			28	%

[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, claims and claim adjustment expenses.
[2]	Life includes $190 and Property and Casualty includes $26 in 2004 of tax benefit related to tax years prior to 2004.
[3]	Represents the cumulative effect of the Company’s adoption of SOP 03-1.
[4]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

AS OF SEPTEMBER 30, 2005 AND DECEMBER 31, 2004

	LIFE									PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	Sept. 30,			Dec. 31,						Sept. 30,		Dec. 31,					Sept. 30,			Dec. 31,						Sept. 30,		Dec. 31,
	2005			2004			Change			2005		2004		Change			2005			2004			Change			2005		2004		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	51,115		$	50,531			1	%	$	24,994	$	24,410		2	%	$	352		$	159			121	%	$	76,461	$	75,100		2	%
Equity securities, trading, at fair value		21,247			13,634			56	%		—		—		—			—			—			—			21,247		13,634		56	%
Equity securities, available-for-sale, at fair value		797			525			52	%		604		307		97	%		—			—			—			1,401		832		68	%
Policy loans, at outstanding balance		2,009			2,662			(25	%)		—		—		—			—			—			—			2,009		2,662		(25	%)
Other investments		1,728			1,364			27	%		769		809		(5	%)		2			7			(71	%)		2,499		2,180		15	%
Total investments		76,896			68,716			12	%		26,367		25,526		3	%		354			166			113	%		103,617		94,408		10	%
Cash		1,223			933			31	%		258		215		20	%		—			—			—			1,481		1,148		29	%
Premiums receivable and agents’ balances		417			391			7	%		2,801		2,844		(2	%)		—			—			—			3,218		3,235		(1	%)
Reinsurance recoverables		722			993			(27	%)		5,306		5,185		2	%		—			—			—			6,028		6,178		(2	%)
Deferred policy acquisition costs and present value of future profits		8,250			7,437			11	%		1,113		1,071		4	%		1			1			—			9,364		8,509		10	%
Deferred income taxes		(706	)		(747	)		5	%		858		879		(2	%)		307			287			7	%		459		419		10	%
Goodwill		796			796			—			152		152		—			772			772			—			1,720		1,720		—
Property and equipment, net		200			182			10	%		475		461		3	%		—			—			—			675		643		5	%
Other assets		1,784			1,711			4	%		1,713		1,685		2	%		65			56			16	%		3,562		3,452		3	%
Separate account assets		150,341			140,023			7	%		—		—		—			—			—			—			150,341		140,023		7	%
Total assets	$	239,923		$	220,435			9	%	$	39,043	$	38,018		3	%	$	1,499		$	1,282			17	%	$	280,465	$	259,735		8	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	12,591		$	12,250			3	%	$	21,791	$	21,329		2	%	$	—		$	(4	)		100	%	$	34,382	$	33,575		2	%
Other policyholder funds and benefits payable		61,535			52,833			16	%		—		—		—			—			—			—			61,535		52,833		16	%
Unearned premiums		67			50			34	%		5,049		4,763		6	%		(5	)		(6	)		17	%		5,111		4,807		6	%
Debt [1]		—			—			—			—		—		—			4,673			4,929			(5	%)		4,673		4,929		(5	%)
Other liabilities		5,036			5,057			—			3,707		3,730		(1	%)		370			543			(32	%)		9,113		9,330		(2	%)
Separate account liabilities		150,341			140,023			7	%		—		—		—			—			—			—			150,341		140,023		7	%
Total liabilities		229,570			210,213			9	%		30,547		29,822		2	%		5,038			5,462			(8	%)		265,155		245,497		8	%
Equity excluding AOCI, net of tax		9,643			9,027			7	%		8,183		7,542		8	%		(3,109	)		(3,756	)		17	%		14,717		12,813		15	%
AOCI, net of tax		710			1,195			(41	%)		313		654		(52	%)		(430	)		(424	)		(1	%)		593		1,425		(58	%)
Total stockholders’ equity		10,353			10,222			1	%		8,496		8,196		4	%		(3,539	)		(4,180	)		15	%		15,310		14,238		8	%
Total liabilities and stockholders’ equity	$	239,923		$	220,435			9	%	$	39,043	$	38,018		3	%	$	1,499		$	1,282			17	%	$	280,465	$	259,735		8	%

[1]  Includes junior subordinated debentures.

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			Mar. 31,			June 30,			Sept. 30,			3 Month			3 Month
	2004			2004			2005			2005			2005			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt)	$	621		$	621		$	622		$	620		$	620			—			—
Senior notes		2,586			2,584			2,581			2,336			2,336			(10	%)		—
Subtotal		3,207			3,205			3,203			2,956			2,956			(8	%)		—
Equity unit notes		1,020			1,020			1,020			1,020			1,020			—			—
Junior subordinated debentures		706			704			699			705			697			(1	%)		(1	%)
Total debt	$	4,933		$	4,929		$	4,922		$	4,681		$	4,673			(5	%)		—
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	12,240		$	12,813		$	13,521		$	14,171		$	14,717			20	%		4	%
AOCI, net of tax		1,410			1,425			690			1,419			593			(58	%)		(58	%)
Total stockholders’ equity	$	13,650		$	14,238		$	14,211		$	15,590		$	15,310			12	%		(2	%)
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	18,583		$	19,167		$	19,133		$	20,271		$	19,983			8	%		(1	%)
Total capitalization excluding AOCI, net of tax	$	17,173		$	17,742		$	18,443		$	18,852		$	19,390			13	%		3	%
DEBT TO CAPITALIZATION RATIOS
Ratios Including AOCI
Total debt to capitalization		26.5	%		25.7	%		25.7	%		23.1	%		23.4	%		(3.1	)		0.3
Debt (excluding 75% of equity unit notes) to capitalization [1]		22.4	%		21.7	%		21.7	%		19.3	%		19.6	%		(2.8	)		0.3
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization		17.3	%		16.7	%		16.7	%		14.6	%		14.8	%		(2.5	)		0.2
Ratios Excluding AOCI
Total debt to capitalization		28.7	%		27.8	%		26.7	%		24.8	%		24.1	%		(4.6	)		(0.7	)
Debt (excluding 75% of equity unit notes) to capitalization [1]		24.3	%		23.5	%		22.5	%		20.8	%		20.2	%		(4.1	)		(0.6	)
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization		18.7	%		18.1	%		17.4	%		15.7	%		15.2	%		(3.5	)		(0.5	)

[1] Reflects the treatment of equity units by certain rating agencies in the leverage calculation.

C-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ACCUMULATED OTHER COMPREHENSIVE INCOME

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of September 30, 2005
Fixed maturities unrealized gain	$	832		$	406		$	—		$	1,238
Equities unrealized gain		12			50			—			62
Net deferred loss on cash-flow hedging instruments		(104	)		(14	)		—			(118	)
Total unrealized gain		740			442			—			1,182
Foreign currency translation adjustments		(30	)		(79	)		—			(109	)
Minimum pension liability adjustment		—			(50	)		(430	)		(480	)
Total accumulated other comprehensive income (loss)	$	710		$	313		$	(430	)	$	593
As of December 31, 2004
Fixed maturities unrealized gain	$	1,336		$	759		$	6		$	2,101
Equities unrealized gain		13			48			—			61
Net deferred loss on cash-flow hedging instruments		(170	)		(45	)		—			(215	)
Total unrealized gain		1,179			762			6			1,947
Foreign currency translation adjustments		16			(58	)		—			(42	)
Minimum pension liability adjustment		—			(50	)		(430	)		(480	)
Total accumulated other comprehensive income (loss)	$	1,195		$	654		$	(424	)	$	1,425

C-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE

	THREE MONTHS ENDED												NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		June 30,			Sept. 30,			SEPTEMBER 30,
	2004		2004		2005		2005			2005			2004			2005
Numerator:
Net income	$	494	$	620	$	666	$	602		$	539		$	1,495		$	1,807
Less: Net realized capital gains (losses), after-tax		26		24		83		(11	)		(21	)		146			51
Less: Cumulative effect of accounting change, after-tax		—		—		—		—			—			(23	)		—
Operating income		468		596		583		613			560			1,372			1,756
Less: Impact of tax related items		216		—		—		—			—			216			—
Operating income, before tax related items	$	252	$	596	$	583	$	613		$	560		$	1,156		$	1,756
Denominator:
Weighted average common shares outstanding (basic)		293.2		293.8		294.8		297.1			299.2			291.8			297.1
Dilutive effect of equity units		1.7		1.7		3.2		3.7			4.6			1.9			3.8
Dilutive effect of stock compensation		2.6		2.6		3.3		3.1			3.2			2.9			3.2
Weighted average common shares outstanding and dilutive potential common shares (diluted)		297.5		298.1		301.3		303.9			307.0			296.6			304.1
Basic earnings per share
Net income	$	1.68	$	2.11	$	2.26	$	2.03		$	1.80		$	5.12		$	6.08
Less: Net realized capital gains (losses), after-tax		0.08		0.08		0.28		(0.03	)		(0.07	)		0.50			0.17
Less: Cumulative effect of accounting change, after-tax		—		—		—		—			—			(0.08	)		—
Operating income		1.60		2.03		1.98		2.06			1.87			4.70			5.91
Less: Impact of tax related items		0.74		—		—		—			—			0.74			—
Operating income, before tax related items	$	0.86	$	2.03	$	1.98	$	2.06		$	1.87		$	3.96		$	5.91
Diluted earnings per share
Net income	$	1.66	$	2.08	$	2.21	$	1.98		$	1.76		$	5.04		$	5.94
Less: Net realized capital gains (losses), after-tax		0.09		0.08		0.28		(0.04	)		(0.06	)		0.49			0.17
Less: Cumulative effect of accounting change, after-tax		—		—		—		—			—			(0.08	)		—
Operating income		1.57		2.00		1.93		2.02			1.82			4.63			5.77
Less: Impact of tax related items		0.72		—		—		—			—			0.73			—
Operating income, before tax related items	$	0.85	$	2.00	$	1.93	$	2.02		$	1.82		$	3.90		$	5.77

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF RETURN-ON-EQUITY MEASURES

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			June 30,			Sept. 30,
	2004			2004			2005			2005			2005
Numerator [1]:
Net income — last 12 months	$	1,949		$	2,115		$	2,213		$	2,382		$	2,427
Operating income — last 12 months	$	1,805		$	1,968		$	2,050		$	2,260		$	2,352
Operating income, before tax related items — last 12 months	$	1,589		$	1,752		$	1,834		$	2,044		$	2,352
Denominator [2]:
Average equity, including AOCI		12,497.0			12,938.5			13,874.0			13,932.5			14,480.0
Less: Average AOCI		1,383.5			1,335.5			1,429.0			949.5			1,001.5
Average equity, excluding AOCI		11,113.5			11,603.0			12,445.0			12,983.0			13,478.5
ROE (net income — last 12 months to equity including AOCI)		15.6	%		16.3	%		16.0	%		17.1	%		16.8	%
ROE (operating income — last 12 months to equity excluding AOCI)		16.2	%		17.0	%		16.5	%		17.4	%		17.5	%
ROE (operating income, before tax related items — last 12 months to equity excluding AOCI) [1]		14.3	%		15.1	%		14.7	%		15.7	%		17.5	%

[1]	For a reconciliation of net income to operating income and of net income to operating income, before tax related items, see page C-8.
[2]	Average equity is calculated by taking the sum of equity at the beginning of the twelve month period and equity at the end of the twelve month period and dividing by 2.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEIGHTED AVERAGE SHARE ANALYSIS

	Three Months Ended						Twelve Months Ended								Twelve Months Ended
	September 30, 2005						2006								2007
	Stock				Diluted weighted		Stock				Diluted weighted		Stock				Diluted weighted
Average share	compensation		Equity units		average common		compensation		Equity units		average common		compensation		Equity units		average common
price	dilution		dilution		shares [1]		dilution		dilution		shares [1,2]		dilution		dilution		shares [1,2]
$60.00		1.6		0.9		301.7		1.6		0.6		306.7		1.6		—		318.7
$65.00		2.0		2.2		303.4		2.0		1.4		307.9		2.0		—		319.1
$70.00		2.6		3.3		305.1		2.6		2.2		309.3		2.6		—		319.7
$75.00		3.1		4.3		306.6		3.1		2.9		310.5		3.1		—		320.2
$76.80 [3]		3.2		4.6		307.0		3.2		3.2		310.9		3.2		—		320.3
$80.00		3.5		5.1		307.8		3.5		3.6		311.6		3.5		—		320.6
$85.00		3.9		5.9		309.0		3.9		4.0		312.4		3.9		—		321.0
$90.00		4.3		6.5		310.0		4.3		4.5		313.3		4.3		—		321.4

[1]	Based on weighted average common shares outstanding (basic) at September 30, 2005 of 299.2 million.
[2]	Reflects mandatory exercise of the purchase contracts which, combined with the equity unit notes, constitute the equity units. The purchase contracts obligate the holders to purchase 17.9 million common shares of The Hartford (12.13 million and 5.73 million in August and November 2006, respectively). All other items held constant.
[3]	Represents the three months ended September 30, 2005 average share price.

C-10

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005		Change
REVENUES
Retail Products Group
Individual Annuity	$	705		$	666		$	677		$	683		$	684			(3	%)		—		$	1,959		$	2,044		4	%
Other Retail		137			147			160			165			174			27	%		5	%		410			499		22	%
Total Retail Products Group		842			813			837			848			858			2	%		1	%		2,369			2,543		7	%
Institutional Solutions Group		448			522			424			465			480			7	%		3	%		1,324			1,369		3	%
Individual Life		263			279			262			260			277			5	%		7	%		769			799		4	%
Group Benefits		1,009			1,015			1,046			1,048			1,049			4	%		—			3,013			3,143		4	%
Other		114			111			190			103			143			25	%		39	%		346			436		26	%
Total segment revenues		2,676			2,740			2,759			2,724			2,807			5	%		3	%		7,821			8,290		6	%
Income (loss) on equity securities held for trading [1]		(174	)		416			221			303			1,500		NM			NM				383			2,024	NM
Total revenues	$	2,502		$	3,156		$	2,980		$	3,027		$	4,307			72	%		42	%	$	8,204		$	10,314		26	%
OPERATING RESULTS BY SEGMENT
Retail Products Group
Individual Annuity	$	127		$	132		$	134		$	141		$	158			24	%		12	%	$	351		$	433		23	%
Other Retail [2]		13			17			18			(6	)		23			77	%	NM				42			35		(17	%)
Total Retail Products Group		140			149			152			135			181			29	%		34	%		393			468		19	%
Institutional Solutions Group		33			35			40			32			38			15	%		19	%		90			110		22	%
Individual Life		44			39			39			39			45			2	%		15	%		115			123		7	%
Group Benefits		70			64			59			64			68			(3	%)		6	%		165			191		16	%
Other [3]		19			20			(52	)		17			36			89	%		112	%		52			1		(98	%)
Operating income, before tax related items [4]		306			307			238			287			368			20	%		28	%		815			893		10	%
Tax related items		190			—			—			—			—			(100	%)		—			190			—		(100	%)
Operating income [4]		496			307			238			287			368			(26	%)		28	%		1,005			893		(11	%)
Add: Net realized capital gains (losses), after-tax		16			13			53			(11	)		(22	)	NM				(100	%)		80			20		(75	%)
Income before cumulative effect of accounting change, net of tax		512			320			291			276			346			(32	%)		25	%		1,085			913		(16	%)
Add: Cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(23	)		—		100	%
Net income	$	512		$	320		$	291		$	276		$	346			(32	%)		25	%	$	1,062		$	913		(14	%)
Operating income ROE (last 12 months to equity excluding AOCI)		20.4	%		20.2	%		18.8	%		18.6	%		15.9	%		(4.5	)		(2.7	)
Operating income ROE (last 12 months to equity excluding AOCI), before tax related items		17.1	%		17.1	%		15.8	%		15.8	%		15.9	%		(1.2	)		0.1
Assets under management	$	232,800		$	248,503		$	250,038		$	258,097		$	270,689			16	%		5	%
DAC capitalization	$	492		$	505		$	556		$	497		$	511						3	%
DAC amortization	$	236		$	276		$	280		$	268		$	312						16	%
DAC and PVFP assets	$	7,146		$	7,437		$	7,908		$	7,842		$	8,250						5	%
Statutory surplus ($ in billions) [5]	$	4.7		$	5.1		$	5.1		$	5.1		$	4.4

[1]	Management does not include dividend income and the mark-to-market effects on the international operations’ trading securities portfolio in its segment revenues.
[2]	Included in the nine months ended September 30, 2005 is an expense of $24, after-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[3]	Included in the nine months ended September 30, 2005 is a charge of $66 to reserve for investigations related to market timing by the SEC and New York Attorney General and directed brokerage by the SEC.
[4]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after-tax.
[5]	Estimated statutory surplus at September 30, 2005. Statutory surplus declined at September 30, 2005 on a sequential quarter basis due to a change in ownership of the Company’s Japanese life insurance operations, effective September 1, 2005.

L-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

														Year Over
	THREE MONTHS ENDED													Year			Sequential				NINE MONTHS ENDED
	Sept. 30,			Dec. 31,		March 31,		June 30,			Sept. 30,			3 Month			3 Month				SEPTEMBER 30,
	2004			2004		2005		2005			2005			Change			Change				2004			2005			Change
REVENUES
Earned premiums	$	1,058		$	1,049	$	999	$	1,047		$	1,045			(1	%)		—			$	3,023		$	3,091			2	%
Fee income		864			937		950		960			1,026			19	%		7	%			2,527			2,936			16	%
Net investment income
Securities available-for-sale and other		726			735		729		733			771			6	%		5	%			2,141			2,233			4	%
Equity securities held for trading [1]		(174	)		416		221		303			1,500		NM			NM					383			2,024		NM
Total net investment income		552			1,151		950		1,036			2,271		NM				119	%			2,524			4,257			69	%
Net realized capital gains (losses)		28			19		81		(16	)		(35	)	NM				(119	%)			130			30			(77	%)
Total revenues		2,502			3,156		2,980		3,027			4,307			72	%		42	%			8,204			10,314			26	%
BENEFITS AND EXPENSES
Benefits, claims and claim adjustment expenses [1]		1,325			1,897		1,739		1,756			2,926			121	%		67	%			4,733			6,421			36	%
Amortization of deferred policy acquisition costs and present value of future profits		236			276		280		268			312			32	%		16	%			702			860			23	%
Insurance operating costs and other expenses		525			579		577		639			621			18	%		(3	%)			1,566			1,837			17	%
Total benefits and expenses		2,086			2,752		2,596		2,663			3,859			85	%		45	%			7,001			9,118			30	%
NET INCOME
Income before income taxes		416			404		384		364			448			8	%		23	%			1,203			1,196			(1	%)
Income tax expense (benefit) [2]		(96	)		84		93		88			102		NM				16	%			118			283			140	%
Income before cumulative effect of accounting change, net of tax		512			320		291		276			346			(32	%)		25	%			1,085			913			(16	%)
Cumulative effect of accounting change, net of tax		—			—		—		—			—			—			—				(23	)		—			100	%
Net income		512			320		291		276			346			(32	%)		25	%			1,062			913			(14	%)
Less: Net realized capital gains (losses), after-tax		16			13		53		(11	)		(22	)		NM				(100	%)			80			20			(75	%)
Less: Cumulative effect of accounting change, net of tax		—			—		—		—			—			—			—				(23	)		—			100	%
Operating income [2]	$	496		$	307	$	238	$	287		$	368			(26	%)		28	%		$	1,005		$	893			(11	%)

[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, claims and claim adjustment expenses.
[2]	The three and nine months ended September 30, 2004 includes a $190 tax benefit related to the favorable treatment of certain tax items for tax years prior to 2004.

L - 2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
TOTAL ASSETS UNDER MANAGEMENT

											Year Over Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
TOTAL ASSETS UNDER MANAGEMENT	2004		2004		2005		2005		2005		Change			Change
Assets
General account	$	75,947	$	80,412	$	83,573	$	85,912	$	89,582		18	%		4	%
Separate account		131,655		140,023		138,502		142,774		150,341		14	%		5	%
Total assets		207,602		220,435		222,075		228,686		239,923		16	%		5	%
Mutual fund assets		25,198		28,068		27,963		29,411		30,766		22	%		5	%
Total assets under management	$	232,800	$	248,503	$	250,038	$	258,097	$	270,689		16	%		5	%

L - 3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
CONSOLIDATED BALANCE SHEETS

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month
	2004			2004			2005			2005			2005			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	50,200		$	50,531		$	50,877		$	51,723		$	51,115			2	%		(1	%)
Equity securities, trading, at fair value		10,685			13,634			15,855			17,955			21,247			99	%		18	%
Equity securities, available-for-sale, at fair value		449			525			662			793			797			78	%		1	%
Policy loans, at outstanding balance		2,665			2,662			2,119			2,140			2,009			(25	%)		(6	%)
Other investments		1,287			1,364			1,459			1,775			1,728			34	%		(3	%)
Total investments		65,286			68,716			70,972			74,386			76,896			18	%		3	%
Cash		625			933			1,198			771			1,223			96	%		59	%
Premiums receivable and agents’ balances		412			391			386			418			417			1	%		—
Reinsurance recoverables		713			993			767			752			722			1	%		(4	%)
Deferred policy acquisition costs and present value of future profits		7,146			7,437			7,908			7,842			8,250			15	%		5	%
Deferred income taxes		(763	)		(747	)		(654	)		(979	)		(706	)		7	%		28	%
Goodwill		796			796			796			796			796			—			—
Property and equipment, net		161			182			194			191			200			24	%		5	%
Other assets		1,571			1,711			2,006			1,735			1,784			14	%		3	%
Separate account assets		131,655			140,023			138,502			142,774			150,341			14	%		5	%
Total assets	$	207,602		$	220,435		$	222,075		$	228,686		$	239,923			16	%		5	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	11,805		$	12,250		$	12,375		$	12,467		$	12,591			7	%		1	%
Other policyholder funds and benefits payable		49,347			52,833			55,459			57,481			61,535			25	%		7	%
Unearned premiums		52			50			63			57			67			29	%		18	%
Other liabilities		4,878			5,057			5,602			5,268			5,036			3	%		(4	%)
Separate account liabilities		131,655			140,023			138,502			142,774			150,341			14	%		5	%
Total liabilities		197,737			210,213			212,001			218,047			229,570			16	%		5	%
Equity excluding AOCI, net of tax		8,744			9,027			9,305			9,366			9,643			10	%		3	%
AOCI, net of tax		1,121			1,195			769			1,273			710			(37	%)		(44	%)
Total stockholders’ equity		9,865			10,222			10,074			10,639			10,353			5	%		(3	%)
Total liabilities and stockholders’ equity	$	207,602		$	220,435		$	222,075		$	228,686		$	239,923			16	%		5	%
Hartford Life and Accident Insurance Company NAIC RBC					263	%
Hartford Life Insurance Company NAIC RBC					403	%
Hartford Life and Annuity Insurance Company NAIC RBC					620	%

L - 4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS

				Other			Institutional
	Individual			Retail Products			Solutions			Individual			Group						Other
	Annuity			Group			Group			Life			Benefits			Japan			Life			Total
YEAR-TO-DATE
Balance, December 31, 2004	$	4,307		$	257		$	159		$	1,813		$	70		$	821		$	10		$	7,437
Adjustments to unrealized gains and losses on securities available — for — sale and other		303			21			47			121			—			—			—			492
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,610			278			206			1,934			70			821			10			7,929
Capitalization		572			96			59			226			38			574			(1	)		1,564
Amortization — Deferred Policy Acquisition Costs		(496	)		(51	)		(30	)		(126	)		(22	)		(105	)		—			(830	)
Amortization — Present Value of Future Profits		(12	)		—			—			(18	)		—			—			—			(30	)
Amortization — Realized Capital Gains		(9	)		—			—			—			—			—			(18	)		(27	)
Effect of Currency Translation Adjustment		—			—			—			—			—			(103	)		—			(103	)
Balance, September 30, 2005		4,665			323			235			2,016			86			1,187			(9	)		8,503
Adjustments to unrealized gains and losses on securities available — for — sale and other		(134	)		(6	)		(16	)		(92	)		—			(5	)		—			(253	)
Balance, September 30, 2005 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,531		$	317		$	219		$	1,924		$	86		$	1,182		$	(9	)	$	8,250

L - 5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
SUPPLEMENTAL DATA — ANNUITY DEATH AND INCOME BENEFITS

	As of September 30, 2005
	ACCOUNT		NET AMT AT		% of NAR			RETAINED
BREAKDOWN OF VARIABLE ANNUITY ACCOUNT VALUE BY BENEFIT TYPE	VALUE		RISK		REINSURED			NAR
Maximum anniversary value (MAV) [1]
MAV only	$	58,306	$	5,469		90	%	$	560
with 5% rollup [2]		4,056		533		82	%		98
with Earnings Protection Benefit Rider (EPB) [3]		5,297		277		81	%		52
with 5% rollup & EPB		1,453		129		82	%		23
Total MAV		69,112		6,408		89	%		733
Asset Protection Benefit (APB) [4]		24,534		17		47	%		9
Ratchet [5] (5 years)		33		2		100	%		—
Reset [6] (5-7 years)		7,572		490		0	%		490
Return of Premium [7]/Other		9,162		70		0	%		70
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	110,413	$	6,987		81	%	$	1,302
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [9]		21,892		15		—			15
TOTAL	$	132,305	$	7,002		81	%	$	1,317

	As of		As of		As of		As of		As of
	September 30,		December 31,		March 31,		June 30,		September 30,
OTHER DATA	2004		2004		2005		2005		2005
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,114.58		1,211.92		1,180.59		1,191.33		1,228.81
Total Account Value	$	98,338	$	106,250	$	104,204	$	106,015	$	110,413
Retained net amount at risk		2,240		1,537		1,772		1,561		1,302
GMDB net GAAP liability [8]		111		109		112		115		118
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	11,118	$	14,129	$	16,495	$	18,440	$	21,892
Retained net amount at risk		161		99		76		63		15
GMDB/GMIB net GAAP liability [8]		21		28		33		39		46

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 or 100% of adjusted premiums.
[3]	EPB: The death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	Ratchet: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any specified anniversary before age 85 (adjusted for withdrawals).
[6]	Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).
[7]	Return of premium: the death benefit is the greater of current account value and net premiums paid.
[8]	This reserve was established for GAAP in 2004 with the adoption of SOP 03-1.
[9]	Benefits include a Return of Premium and MAV (before age 75) death benefit and a guarantee to return initial investment, adjusted for earnings liquidity, through a fixed annuity, after a minimum deferral period of 10, 15 or 20 years.

L - 6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of June 30, 2005

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	1,627
Liability for reinsurance in unauthorized companies		(5	)
Net statutory reinsurance reserve credit	$	1,622
Statutory amounts recoverable from reinsurers	$	157

The top ten reinsurers represent $1,569 or 88% of the total statutory reserve credit and amounts recoverable.

• 5% of this amount is with reinsurers rated “A++” by A.M. Best at October 12, 2005.

• 51% of this amount is with reinsurers rated “A+” by A.M. Best at October 12, 2005.

• 4% of this amount is with reinsurers rated “A” by A.M. Best at October 12, 2005.

• 35% of this amount is with reinsurers rated “A-” by A.M. Best at October 12, 2005.

• 5% of this amount is with reinsurers rated “B++” by A.M. Best at October 12, 2005.

L - 7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	June 30, 2005			December 31, 2004
Statutory Capital and Surplus	$	5,130		$	5,118
GAAP Adjustments
Investment in subsidiaries		(1,142	)		(883	)
Deferred policy acquisition costs		7,842			7,437
Deferred taxes		(1,230	)		(964	)
Benefit reserves		(3,183	)		(3,354	)
Unrealized gains on investments, net of impairments		2,245			2,158
Asset valuation reserve and interest maintenance reserve		700			688
Goodwill		425			387
Other, net		(148	)		(365	)
GAAP Stockholders’ Equity	$	10,639		$	10,222

L - 8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	376		$	404		$	410		$	416		$	440			17	%		6	%	$	1,104		$	1,266			15	%
Mutual fund and other fees		26			28			30			32			28			8	%		(13	%)		78			90			15	%
Total fee income		402			432			440			448			468			16	%		4	%		1,182			1,356			15	%
Direct premiums		87			22			19			28			18			(79	%)		(36	%)		124			65			(48	%)
Reinsurance premiums		(38	)		(36	)		(34	)		(33	)		(33	)		13	%		—			(106	)		(100	)		6	%
Total premiums and other considerations		451			418			425			443			453			—			2	%		1,200			1,321			10	%
Net investment income
Net investment income on G/A assets		276			272			271			260			253			(8	%)		(3	%)		822			784			(5	%)
Net investment income on assigned capital		18			19			17			17			17			(6	%)		—			52			51			(2	%)
Charge for invested capital		(39	)		(43	)		(42	)		(39	)		(40	)		(3	%)		(3	%)		(115	)		(121	)		(5	%)
Total net investment income		255			248			246			238			230			(10	%)		(3	%)		759			714			(6	%)
Net realized capital gains (losses)		(1	)		—			6			2			1		NM				(50	%)		—			9			—
Total revenues		705			666			677			683			684			(3	%)		—			1,959			2,044			4	%
Benefits and Expenses
Benefits and claims
Death benefits		14			8			8			13			6			(57	%)		(54	%)		26			27			4	%
Other contract benefits		19			19			19			20			24			26	%		20	%		53			63			19	%
Change in reserve		73			9			10			13			1			(99	%)		(92	%)		88			24			(73	%)
Sales inducements		7			11			9			10			10			43	%		—			19			29			53	%
Interest credited on G/A assets		211			208			189			180			177			(16	%)		(2	%)		633			546			(14	%)
Total benefits and claims		324			255			235			236			218			(33	%)		(8	%)		819			689			(16	%)
Other insurance expenses
Commissions & wholesaling expenses		264			248			246			248			232			(12	%)		(6	%)		879			726			(17	%)
Operating expenses		50			48			49			53			47			(6	%)		(11	%)		143			149			4	%
Premium taxes and other expenses		4			7			5			5			4			—			(20	%)		13			14			8	%
Subtotal — expenses before deferral		318			303			300			306			283			(11	%)		(8	%)		1,035			889			(14	%)
Deferred policy acquisition costs		(218	)		(197	)		(198	)		(198	)		(176	)		19	%		11	%		(753	)		(572	)		24	%
Total other insurance expense		100			106			102			108			107			7	%		(1	%)		282			317			12	%
Amortization of deferred policy acquisition costs		142			157			170			164			174			23	%		6	%		434			508			17	%
Total benefits and expenses		566			518			507			508			499			(12	%)		(2	%)		1,535			1,514			(1	%)
Income before income tax expense		139			148			170			175			185			33	%		6	%		424			530			25	%
Income tax expense [2]		12			14			32			33			26			117	%		(21	%)		72			91			26	%
Income before cumulative effect of accounting change		127			134			138			142			159			25	%		12	%		352			439			25	%
Cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(19	)		—			100	%
Net income		127			134			138			142			159			25	%		12	%		333			439			32	%
Less: cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(19	)		—			100	%
Less: net realized gains, net of tax [1]		—			2			4			1			1			—			—			1			6		NM
Operating income		127			132			134			141			158			24	%		12	%		351			433			23	%
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	127		$	132		$	134		$	141		$	158			24	%		12	%	$	351		$	433			23	%

[1]	Net gains (losses) on derivatives used as economic hedges of certain policyholder liabilities.
[2]	The quarters ended December 31, 2004 and September 30, 2004 includes $12 and $18, respectively of additional tax benefits related to the change in estimate of 2004 DRD benefits.

L - 9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — OTHER
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	18		$	20		$	22		$	25		$	29			61	%		16	%	$	50		$	76			52	%
Mutual fund and other fees		101			106			118			119			125			24	%		5	%		308			362			18	%
Total fee income		119			126			140			144			154			29	%		7	%		358			438			22	%
Direct premiums		1			2			1			3			—			(100	%)		(100	%)		1			4		NM
Reinsurance premiums		—			—			—			—			—			—			—			—			—			—
Total premiums and other considerations		120			128			141			147			154			28	%		5	%		359			442			23	%
Net investment income
Net investment income on G/A assets		17			18			18			18			19			12	%		6	%		50			55			10	%
Net investment income on assigned capital		—			1			1			—			1			—			—			1			2			100	%
Charge for invested capital		—			—			—			—			—			—			—			—			—			—
Total net investment income		17			19			19			18			20			18	%		11	%		51			57			12	%
Net realized capital gains		—			—			—			—			—			—			—			—			—			—
Total revenues		137			147			160			165			174			27	%		5	%		410			499			22	%
Benefits and Expenses
Benefits and claims
Death benefits		—			—			—			1			(1	)		—		NM				—			—			—
Other contract benefits		1			2			2			1			2			100	%		100	%		5			5			—
Change in reserve		—			1			—			2			—			—			(100	%)		(2	)		2		NM
Sales inducements		1			(1	)		—			—			—			(100	%)		—			1			—			(100	%)
Interest credited on G/A assets		10			10			10			10			10			—			—			29			30			3	%
Total benefits and claims		12			12			12			14			11			(8	%)		(21	%)		33			37			12	%
Other insurance expenses
Commissions & wholesaling expenses		71			77			89			86			91			28	%		6	%		225			266			18	%
Operating expenses		44			49			44			47			46			5	%		(2	%)		118			137			16	%
Premium taxes and other expenses [1]		3			3			4			41			8			167	%		(80	%)		8			53		NM
Subtotal — expenses before deferral		118			129			137			174			145			23	%		(17	%)		351			456			30	%
Deferred policy acquisition costs		(29	)		(36	)		(33	)		(30	)		(33	)		(14	%)		(10	%)		(89	)		(96	)		(8	%)
Total other insurance expense		89			93			104			144			112			26	%		(22	%)		262			360			37	%
Amortization of deferred policy acquisition costs		17			18			17			17			17			—			—			52			51			(2	%)
Total benefits and expenses		118			123			133			175			140			19	%		(20	%)		347			448			29	%
Income before income tax expense		19			24			27			(10	)		34			79	%	NM				63			51			(19	%)
Income tax expense		6			7			9			(4	)		11			83	%	NM				21			16			(24	%)
Net income		13			17			18			(6	)		23			77	%	NM				42			35			(17	%)
Less: Non operating net realized gains (losses), net of tax		—			—			—			—			—			—			—			—			—			—
Operating income		13			17			18			(6	)		23			77	%	NM				42			35			(17	%)
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	13		$	17		$	18		$	(6	)	$	23			77	%	NM			$	42		$	35			(17	%)

[1] During the second quarter of 2005 the Company recorded an expense of $37, pre-tax, which is an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.

L - 10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — SALES/DEPOSITS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004		2004		2005		2005		2005		Change			Change			2004		2005		Change
Individual Annuity
Broker-dealer	$	2,216	$	1,969	$	1,892	$	1,818	$	1,676		(24	%)		(8	%)	$	7,880	$	5,386		(32	%)
Banks		1,325		1,300		1,281		1,140		1,127		(15	%)		(1	%)		4,546		3,548		(22	%)
Total sales/deposits by distribution		3,541		3,269		3,173		2,958		2,803		(21	%)		(5	%)		12,426		8,934		(28	%)
Variable		3,341		3,174		3,103		2,886		2,748		(18	%)		(5	%)		11,860		8,737		(26	%)
Fixed MVA/other		200		95		70		72		55		(73	%)		(24	%)		566		197		(65	%)
Total sales/deposits by product		3,541		3,269		3,173		2,958		2,803		(21	%)		(5	%)		12,426		8,934		(28	%)
Retail Mutual Funds		1,258		1,255		1,446		1,321		1,307		4	%		(1	%)		4,609		4,074		(12	%)
401K
Annuity — plan/participant rollovers		295		281		529		287		391		33	%		36	%		943		1,207		28	%
Annuity — ongoing contributions		262		270		365		330		346		32	%		5	%		770		1,041		35	%
Total 401K Annuity		557		551		894		617		737		32	%		19	%		1,713		2,248		31	%
Mutual funds		38		61		62		46		54		42	%		17	%		156		162		4	%
Total 401K		595		612		956		663		791		33	%		19	%		1,869		2,410		29	%
529 College Savings Plan/Specialty Products/Other		79		105		118		97		129		63	%		33	%		265		344		30	%
Total Retail Products Group	$	5,473	$	5,241	$	5,693	$	5,039	$	5,030		(8	%)		—		$	19,169	$	15,762		(18	%)

L - 11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2004		2004		2005		2005		2005		Change			Change
INDIVIDUAL ANNUITY
General account	$	19,322	$	18,984	$	18,327	$	17,852	$	17,324		(10	%)		(3	%)
Non-guaranteed separate account		84,228		92,017		90,690		92,448		96,591		15	%		4	%
Total Individual Annuity	$	103,550	$	111,001	$	109,017	$	110,300	$	113,915		10	%		3	%
401K
General account	$	1,132	$	1,113	$	1,171	$	1,194	$	1,247		10	%		4	%
Non-guaranteed separate account		4,659		5,418		5,893		6,344		7,056		51	%		11	%
Total 401K	$	5,791	$	6,531	$	7,064	$	7,538	$	8,303		43	%		10	%
TOTAL RETAIL PRODUCTS GROUP
General account	$	20,454	$	20,097	$	19,498	$	19,046	$	18,571		(9	%)		(2	%)
Non-guaranteed separate account		88,887		97,435		96,583		98,792		103,647		17	%		5	%
Total Retail Products Group account value	$	109,341	$	117,532	$	116,081	$	117,838	$	122,218		12	%		4	%
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	7,958	$	7,715	$	7,494	$	7,415	$	7,120		(11	%)		(4	%)
Non-guaranteed separate account		84,121		91,902		90,577		92,332		96,472		15	%		4	%
Total individual variable annuities		92,079		99,617		98,071		99,747		103,592		13	%		4	%
Fixed MVA & other individual annuities		11,471		11,384		10,946		10,553		10,323		(10	%)		(2	%)
Total Individual Annuity		103,550		111,001		109,017		110,300		113,915		10	%		3	%
401K — Annuity		5,791		6,531		7,064		7,538		8,303		43	%		10	%
Total Retail Products Group account value		109,341		117,532		116,081		117,838		122,218		12	%		4	%
Specialty Products/Other — Segregated Assets		135		182		216		243		286		112	%		18	%
Mutual Fund Assets
Retail mutual fund assets		22,694		25,240		24,949		25,958		27,522		21	%		6	%
401K mutual fund assets		662		755		767		808		872		32	%		8	%
Specialty Product/Other mutual fund assets		144		164		185		218		293		103	%		34	%
529 College Savings Plan assets		398		477		509		553		608		53	%		10	%
Total Mutual Fund Assets		23,898		26,636		26,410		27,537		29,295		23	%		6	%
Total Retail Products Group Assets Under Management	$	133,374	$	144,350	$	142,707	$	145,618	$	151,799		14	%		4	%

L - 12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — INDIVIDUAL ANNUITY — ACCOUNT VALUE ROLLFORWARD [1]

			THREE MONTHS ENDED
			Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
			2004			2004			2005			2005			2005
VARIABLE ANNUITIES		Beginning balance	$	92,504		$	92,079		$	99,617		$	98,071		$	99,747
	Sales/Deposits			3,341			3,174			3,103			2,886			2,748
	Surrenders			(2,100	)		(2,311	)		(2,367	)		(2,577	)		(2,745	)
	Death benefits/annuity payouts			(310	)		(337	)		(381	)		(388	)		(364	)
	Transfers [2]			22			93			51			20			13
	Net Flows			953			619			406			(59	)		(348	)
	Change in market value/change in reserve/interest credited			(1,388)			6,911			(1,958)			1,729			4,186
	Other [3]			10			8			6			6			7
		Ending balance	$	92,079		$	99,617		$	98,071		$	99,747		$	103,592
FIXED MVA AND OTHER		Beginning balance	$	11,372		$	11,471		$	11,384		$	10,946		$	10,553
	Sales/Deposits			200			95			70			72			55
	Acquisitions			176			547			—			—			—
	Surrenders			(329	)		(728	)		(510	)		(452	)		(297	)
	Death benefits/annuity payouts			(110	)		(134	)		(115	)		(136	)		(122	)
	Transfers [2]			6			(57	)		(20	)		(12	)		3
	Net Flows			(57	)		(277	)		(575	)		(528	)		(361	)
	Change in market value/change in reserve/interest credited			156			164			137			135			131
	Other [4]			—			26			—			—			—
		Ending balance	$	11,471		$	11,384		$	10,946		$	10,553		$	10,323
TOTAL INDIVIDUAL ANNUITY		Beginning balance	$	103,876		$	103,550		$	111,001		$	109,017		$	110,300
	Sales/Deposits			3,541			3,269			3,173			2,958			2,803
	Acquisitions			176			547			—			—			—
	Surrenders			(2,429	)		(3,039	)		(2,877	)		(3,029	)		(3,042	)
	Death benefits/annuity payouts			(420	)		(471	)		(496	)		(524	)		(486	)
	Transfers [2]			28			36			31			8			16
	Net Flows			896			342			(169	)		(587	)		(709	)
	Change in market value/change in reserve/interest credited			(1,232)			7,075			(1,821)			1,864			4,317
	Other [3,4]			10			34			6			6			7
		Ending balance	$	103,550		$	111,001		$	109,017		$	110,300		$	113,915

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.
[3]	Includes a bonus on certain products, front end loads on A share products and annual maintenance fees.
[4]	Includes special bonus on block of business acquired in 2004.

L - 13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — OTHER RETAIL — ACCOUNT VALUE ROLLFORWARD [1]

			THREE MONTHS ENDED
			Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
			2004			2004			2005			2005			2005
401K	Account Value Rollforward
(EXCLUDING ALL MUTUAL FUNDS)		Beginning balance	$	5,485		$	5,791		$	6,531		$	7,064		$	7,538
	Sales/Deposits			557			551			894			617			737
	Surrenders			(207	)		(238	)		(252	)		(271	)		(268	)
	Death benefits/annuity payouts			(4	)		(5	)		(5	)		(4	)		(6	)
	Net Flows			346			308			637			342			463
	Change in market value/change in reserve/interest credited			(40	)		432			(104	)		132			302
		Ending balance	$	5,791		$	6,531		$	7,064		$	7,538		$	8,303
RETAIL MUTUAL FUNDS	Asset Rollforward
		Beginning balance	$	22,734		$	22,694		$	25,240		$	24,949		$	25,958
	Sales/Deposits			1,258			1,255			1,446			1,321			1,307
	Redemptions			(819	)		(868	)		(1,065	)		(999	)		(1,234	)
	Net Sales			439			387			381			322			73
	Change in market value			(459	)		2,179			(652	)		705			1,509
	Other [2]			(20	)		(20	)		(20	)		(18	)		(18	)
		Ending balance	$	22,694		$	25,240		$	24,949		$	25,958		$	27,522

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes front end loads on A share products

L - 14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	23		$	24		$	25		$	24		$	25			9	%		4	%	$	71		$	74			4	%
Cost of insurance charges		48			50			40			36			25			(48	%)		(31	%)		145			101			(30	%)
Mutual fund and other fees		6			6			2			7			7			17	%		—			11			16			45	%
Total fee income		77			80			67			67			57			(26	%)		(15	%)		227			191			(16	%)
Direct premiums		100			167			84			116			127			27	%		9	%		304			327			8	%
Total premiums and other considerations		177			247			151			183			184			4	%		1	%		531			518			(2	%)
Net investment income
Net investment income on G/A assets		262			265			266			275			290			11	%		5	%		766			831			8	%
Net investment income on assigned capital		7			7			7			7			7			—			—			20			21			5	%
Charge for invested capital		—			1			—			—			(1	)		—			—			2			(1	)	NM
Total net investment income		269			273			273			282			296			10	%		5	%		788			851			8	%
Net realized capital gains		2			2			—			—			—			(100	%)		—			5			—			(100	%)
Total revenues		448			522			424			465			480			7	%		3	%		1,324			1,369			3	%
Benefits and Expenses
Benefits and claims
Death benefits		38			44			33			26			17			(55	%)		(35	%)		121			76			(37	%)
Other contract benefits		87			83			86			84			86			(1	%)		2	%		250			256			2	%
Change in reserve		92			157			50			109			110			20	%		1	%		271			269			(1	%)
Interest credited on G/A assets		146			154			147			157			162			11	%		3	%		433			466			8	%
Total benefits and claims		363			438			316			376			375			3	%		—			1,075			1,067			(1	%)
Other insurance expenses
Commissions & wholesaling expenses		10			10			15			15			15			50	%		—			29			45			55	%
Operating expenses		29			32			29			31			33			14	%		6	%		85			93			9	%
Dividends to policyholders		2			5			17			3			13		NM			NM				22			33			50	%
Premium taxes and other expenses		4			7			1			3			5			25	%		67	%		8			9			13	%
Subtotal — expenses before deferral		45			54			62			52			66			47	%		27	%		144			180			25	%
Deferred policy acquisition costs		(16	)		(20	)		(19	)		(18	)		(22	)		(38	%)		(22	%)		(51	)		(59	)		(16	%)
Total other insurance expense		29			34			43			34			44			52	%		29	%		93			121			30	%
Amortization of deferred policy acquisition costs		9			9			9			10			11			22	%		10	%		28			30			7	%
Total benefits and expenses		401			481			368			420			430			7	%		2	%		1,196			1,218			2	%
Income before income tax expense		47			41			56			45			50			6	%		11	%		128			151			18	%
Income tax expense		14			6			16			13			12			(14	%)		(8	%)		38			41			8	%
Income before cumulative effect of accounting changes		33			35			40			32			38			15	%		19	%		90			110			22	%
Cumulative effect of accounting changes, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Net income		33			35			40			32			38			15	%		19	%		89			110			24	%
Less: cumulative effect of accounting changes, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Operating income		33			35			40			32			38			15	%		19	%		90			110			22	%
Less: Tax related items																	—			—						—			—
Operating income, before tax related items	$	33		$	35		$	40		$	32		$	38			15	%		19	%	$	90		$	110			22	%

L - 15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — SALES/DEPOSITS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004		2004		2005		2005		2005		Change			Change			2004		2005		Change
Institutional
Structured settlements	$	156	$	172	$	138	$	163	$	187		20	%		15	%	$	539	$	488		(9	%)
Institutional annuities		22		78		16		6		9		(59	%)		50	%		40		31		(23	%)
GIC/Funding agreements		546		613		907		338		1,099		101	%	NM				883		2,344		165	%
Other		4		6		—		204		7		75	%		(97	%)		324		211		(35	%)
Subtotal		728		869		1,061		711		1,302		79	%		83	%		1,786		3,074		72	%
Mutual funds		82		62		190		307		134		63	%		(56	%)		216		631		192	%
Total Institutional		810		931		1,251		1,018		1,436		77	%		41	%		2,002		3,705		85	%
Governmental
Annuity — plan/participant rollovers		28		22		61		25		58		107	%		132	%		178		144		(19	%)
Annuity — ongoing contributions		225		177		243		234		263		17	%		12	%		736		740		1	%
Total Annuity		253		199		304		259		321		27	%		24	%		914		884		(3	%)
Mutual funds		8		9		14		8		41	NM			NM				26		63		142	%
Total Governmental		261		208		318		267		362		39	%		36	%		940		947		1	%
Private Placement Life Insurance
Corporate owned		137		262		69		172		247		80	%		44	%		443		488		10	%
High net worth		5		8		44		11		4		(20	%)		(64	%)		69		59		(14	%)
Total Private Placement Life Insurance		142		270		113		183		251		77	%		37	%		512		547		7	%
Total Institutional Solutions Group	$	1,213	$	1,409	$	1,682	$	1,468	$	2,049		69	%		40	%	$	3,454	$	5,199		51	%

L -16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2004		2004		2005		2005		2005		Change			Change
INSTITUTIONAL
General account	$	10,919	$	11,337	$	12,319	$	12,590	$	13,680		25	%		9	%
Guaranteed separate account		352		355		353		373		358		2	%		(4	%)
Non-guaranteed separate account		2,740		2,907		2,825		3,113		3,136		14	%		1	%
Total Institutional	$	14,011	$	14,599	$	15,497	$	16,076	$	17,174		23	%		7	%
GOVERNMENTAL
General account	$	3,994	$	4,048	$	4,121	$	4,201	$	4,284		7	%		2	%
Non-guaranteed separate account		5,443		5,914		5,761		5,853		5,878		8	%		—
Total Governmental	$	9,437	$	9,962	$	9,882	$	10,054	$	10,162		8	%		1	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	2,409	$	2,412	$	1,888	$	1,886	$	1,746		(28	%)		(7	%)
Non-guaranteed separate account		22,000		22,615		22,710		23,123		23,605		7	%		2	%
Total Private Placement Life Insurance	$	24,409	$	25,027	$	24,598	$	25,009	$	25,351		4	%		1	%
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	17,322	$	17,797	$	18,328	$	18,677	$	19,710		14	%		6	%
Guaranteed separate account		352		355		353		373		358		2	%		(4	%)
Non-guaranteed separate account		30,183		31,436		31,296		32,089		32,619		8	%		2	%
Total Institutional Solutions Group account value	$	47,857	$	49,588	$	49,977	$	51,139	$	52,687		10	%		3	%
BY PRODUCT
Institutional
Structured settlements	$	3,828	$	4,006	$	4,145	$	4,307	$	4,492		17	%		4	%
Institutional annuities		2,418		2,492		2,488		2,504		2,491		3	%		(1	%)
GIC/Funding agreements/registered notes		5,129		5,297		6,139		6,254		7,163		40	%		15	%
Other		2,636		2,804		2,725		3,011		3,028		15	%		1	%
Total Institutional		14,011		14,599		15,497		16,076		17,174		23	%		7	%
Governmental — Annuity		9,437		9,962		9,882		10,054		10,162		8	%		1	%
Private Placement Life Insurance
Variable		21,889		22,498		22,641		23,056		23,537		8	%		2	%
Leveraged		2,520		2,529		1,957		1,953		1,814		(28	%)		(7	%)
Total Private Placement Life Insurance		24,409		25,027		24,598		25,009		25,351		4	%		1	%
Total Institutional Solutions Group account value		47,857		49,588		49,977		51,139		52,687		10	%		3	%
Mutual Fund Assets
Institutional mutual fund assets		569		676		815		1,146		1,324		133	%		16	%
Governmental mutual fund assets		731		756		738		728		147		(80	%)		(80	%)
Total Mutual Fund Assets		1,300		1,432		1,553		1,874		1,471		13	%		(22	%)
Total Institutional Solutions Group Assets Under Management	$	49,157	$	51,020	$	51,530	$	53,013	$	54,158		10	%		2	%

L - 17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

INSTITUTIONAL SOLUTIONS GROUP

SUPPLEMENTAL DATA - ACCOUNT VALUE AND ASSET ROLLFORWARD [1]

			THREE MONTHS ENDED
			Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
			2004			2004			2005			2005			2005
INSTITUTIONAL (EXCLUDING ALL MUTUAL FUNDS)	Account Value Rollforward
		Beginning balance	$	13,377		$	14,011		$	14,599		$	15,497		$	16,076
	Sales/Deposits			728			869			1,061			711			1,302
	Surrenders			(197	)		(537	)		(155	)		(323	)		(296	)
	Death benefits/annuity payouts			(104	)		(103	)		(114	)		(118	)		(119	)
	Net Flows			427			229			792			270			887
	Change in market value/change in reserve/interest credited			207			359			106			309			211
		Ending balance	$	14,011		$	14,599		$	15,497		$	16,076		$	17,174
GOVERNMENTAL (EXCLUDING ALL MUTUAL FUNDS)	Account Value Rollforward
		Beginning balance	$	9,445		$	9,437		$	9,962		$	9,882		$	10,054
	Sales/Deposits			253			199			304			259			321
	Surrenders			(169	)		(233	)		(250	)		(234	)		(570	)
	Death benefits/annuity payouts			(14	)		(16	)		(13	)		(18	)		(14	)
	Net Flows			70			(50	)		41			7			(263	)
	Change in market value/change in reserve/interest credited			(78	)		575			(121	)		165			371
		Ending balance	$	9,437		$	9,962		$	9,882		$	10,054		$	10,162
PRIVATE PLACEMENT LIFE INSURANCE	Account Value Rollforward
		Beginning balance	$	24,100		$	24,409		$	25,027		$	24,598		$	25,009
	Sales/Deposits			142			270			113			183			251
	Surrenders			(3	)		(26	)		(627	)		(5	)		(160	)
	Death benefits/annuity payouts			(22	)		(23	)		(19	)		(19	)		(23	)
	Net Flows			117			221			(533	)		159			68
	Change in market value/change in reserve/interest credited			264			447			173			329			336
	Other [2]			(72	)		(50	)		(69	)		(77	)		(62	)
		Ending balance	$	24,409		$	25,027		$	24,598		$	25,009		$	25,351

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Primarily consists of cost of insurance and M&E charges.

L -18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

INDIVIDUAL LIFE

INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
Variable life fees	$	13		$	15		$	14		$	15		$	15			15	%		—		$	38		$	44			16	%
Cost of insurance charges		113			113			114			116			118			4	%		2	%		333			348			5	%
Other fees		64			82			67			60			74			16	%		23	%		186			201			8	%
Total fee income		190			210			195			191			207			9	%		8	%		557			593			6	%
Direct premiums		17			20			19			19			21			24	%		11	%		51			59			16	%
Reinsurance premiums		(23	)		(25	)		(27	)		(26	)		(29	)		(26	%)		(12	%)		(67	)		(82	)		(22	%)
Net premiums		(6	)		(5	)		(8	)		(7	)		(8	)		(33	%)		(14	%)		(16	)		(23	)		(44	%)
Total premiums and other considerations		184			205			187			184			199			8	%		8	%		541			570			5	%
Net investment income
Net investment income on G/A assets		84			82			81			82			84			—			2	%		246			247			—
Net investment income on assigned capital		3			3			3			3			3			—			—			10			9			(10	%)
Charge for invested capital		(9	)		(10	)		(9	)		(9	)		(9	)		—			—			(29	)		(27	)		7	%
Total net investment income		78			75			75			76			78			—			3	%		227			229			1	%
Net realized capital gains (losses)		1			(1	)		—			—			—			(100	%)		—			1			—			(100	%)
Total revenues		263			279			262			260			277			5	%		7	%		769			799			4	%
Benefits and Expenses
Benefits and claims
Death benefits		60			57			66			63			54			(10	%)		(14	%)		188			183			(3	%)
Other contract benefits		5			6			4			6			5			—			(17	%)		16			15			(6	%)
Change in reserve		(3	)		—			(5	)		(4	)		(4	)		(33	%)		—			(3	)		(13	)	NM
Interest credited on G/A assets		53			57			55			55			57			8	%		4	%		159			167			5	%
Total benefits and claims		115			120			120			120			112			(3	%)		(7	%)		360			352			(2	%)
Other insurance expenses
Commissions & wholesaling expenses		47			63			52			47			58			23	%		23	%		137			157			15	%
Operating expenses		52			62			52			56			57			10	%		2	%		150			165			10	%
Dividends to policyholders		1			—			1			—			1			—			—			2			2			—
Premium taxes and other expenses		8			8			9			10			8			—			(20	%)		25			27			8	%
Subtotal — expenses before deferral		108			133			114			113			124			15	%		10	%		314			351			12	%
Deferred policy acquisition costs		(67	)		(89	)		(74	)		(71	)		(81	)		(21	%)		(14	%)		(194	)		(226	)		(16	%)
Total other insurance expense		41			44			40			42			43			5	%		2	%		120			125			4	%
Amortization of deferred policy acquisition costs and present value of future profits		43			58			45			41			58			35	%		41	%		122			144			18	%
Total benefits and expenses		199			222			205			203			213			7	%		5	%		602			621			3	%
Income before income tax expense		64			57			57			57			64			—			12	%		167			178			7	%
Income tax expense		20			18			18			18			19			(5	%)		6	%		52			55			6	%
Income before cumulative effect of accounting changes		44			39			39			39			45			2	%		15	%		115			123			7	%
Cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Net income		44			39			39			39			45			2	%		15	%		114			123			8	%
Less: cumulative effect of accounting change, net of tax		—			—			—			—			—			—			—			(1	)		—			100	%
Operating income		44			39			39			39			45			2	%		15	%		115			123			7	%
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	44		$	39		$	39		$	39		$	45			2	%		15	%	$	115		$	123			7	%

L - 19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

INDIVIDUAL LIFE

SUPPLEMENTAL DATA

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month				SEPTEMBER 30,
	2004		2004		2005		2005		2005		Change			Change				2004		2005		Change
SALES BY DISTRIBUTION
Wirehouse/regional broker-dealer/banks	$	26	$	36	$	23	$	31	$	30		15	%		(3	%)		$	70	$	84		20	%
Independent broker-dealer/WFS		17		20		11		13		16		(6	%)		23	%			47		40		(15	%)
Life professional/other		13		23		12		13		16		23	%		23	%			37		41		11	%
Total sales by distribution	$	56	$	79	$	46	$	57	$	62		11	%		9	%		$	154	$	165		7	%
SALES BY PRODUCT
Variable life	$	31	$	37	$	21	$	29	$	28		(10	%)		(3	%)		$	79	$	78		(1	%)
Universal life/whole life		21		38		22		24		30		43	%		25	%			64		76		19	%
Term life/other		4		4		3		4		4		—			—				11		11		—
Total sales by product	$	56	$	79	$	46	$	57	$	62		11	%		9	%		$	154	$	165		7	%
ACCOUNT VALUE
General account	$	4,465	$	4,538	$	4,591	$	4,635	$	4,758		7	%		3	%
Separate account		4,478		4,949		4,838		5,006		5,257		17	%		5	%
Total account value	$	8,943	$	9,487	$	9,429	$	9,641	$	10,015		12	%		4	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	4,860	$	5,356	$	5,249	$	5,433	$	5,700		17	%		5	%
Universal life/interest sensitive whole life		3,350		3,402		3,452		3,485		3,599		7	%		3	%
Modified guaranteed life		641		636		631		626		617		(4	%)		(1	%)
Other		92		93		97		97		99		8	%		2	%
Total account value by product	$	8,943	$	9,487	$	9,429	$	9,641	$	10,015		12	%		4	%
LIFE INSURANCE IN FORCE
Variable life	$	68,051	$	69,089	$	69,442	$	69,979	$	70,569		4	%		1	%
Universal life/interest sensitive whole life		38,717		39,109		39,349		39,777		40,694		5	%		2	%
Term life		28,795		30,577		31,837		33,285		34,915		21	%		5	%
Modified guaranteed life		843		827		815		805		787		(7	%)		(2	%)
Other		280		287		296		305		313		12	%		3	%
Total life insurance in force	$	136,686	$	139,889	$	141,739	$	144,151	$	147,278		8	%		2	%

L - 20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
ACCOUNT VALUE ROLLFORWARD

		THREE MONTHS ENDED
		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2004			2004			2005			2005			2005
VARIABLE LIFE	Beginning balance	$	4,934		$	4,860		$	5,356		$	5,249		$	5,433
	First year & single premiums		78			107			67			72			69
	Renewal premiums		128			151			138			142			145
	Premiums and deposits		206			258			205			214			214
	Change in market value/interest credited		(97	)		445			(123	)		159			255
	Surrenders		(75	)		(76	)		(78	)		(66	)		(73	)
	Death benefits/policy fees		(108	)		(131	)		(111	)		(123	)		(129	)
	Ending balance	$	4,860		$	5,356		$	5,249		$	5,433		$	5,700
OTHER [1]	Beginning balance	$	4,058		$	4,083		$	4,131		$	4,180		$	4,208
	First year & single premiums		54			65			61			63			92
	Renewal premiums		87			105			91			90			98
	Premiums and deposits		141			170			152			153			190
	Acquisitions [2]		—			—			—			—			45
	Change in market value/interest credited		48			53			48			48			54
	Surrenders		(60	)		(59	)		(49	)		(54	)		(58	)
	Death benefits/policy fees		(104	)		(116	)		(102	)		(119	)		(124	)
	Ending balance	$	4,083		$	4,131		$	4,180		$	4,208		$	4,315
TOTAL INDIVIDUAL LIFE	Beginning balance	$	8,992		$	8,943		$	9,487		$	9,429		$	9,641
	First year & single premiums		132			172			128			135			161
	Renewal premiums		215			256			229			232			243
	Premiums and deposits		347			428			357			367			404
	Acquisitions		—			—			—			—			45
	Change in market value/interest credited		(49	)		498			(75	)		207			309
	Surrenders		(135	)		(135	)		(127	)		(120	)		(131	)
	Death benefits/policy fees		(212	)		(247	)		(213	)		(242	)		(253	)
	Ending balance	$	8,943		$	9,487		$	9,429		$	9,641		$	10,015

[1]	Includes Universal Life, Interest Sensitive Whole Life, Modified Guaranteed Life Insurance and other.
[2]	Acquired block account value is 100% coinsured.

L - 21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Revenues
Premiums and other considerations
ASO fees	$	9		$	9		$	11		$	7		$	9			—			29	%	$	26		$	27			4	%
Other fees		—			—			—			1			—			—			(100	%)		2			1			(50	%)
Total fee income		9			9			11			8			9			—			13	%		28			28			—
Direct premiums		746			745			824			848			853			14	%		1	%		2,192			2,525			15	%
Reinsurance premiums		159			163			113			92			88			(45	%)		(4	%)		515			293			(43	%)
Total premiums and other considerations		914			917			948			948			950			4	%		—			2,735			2,846			4	%
Net investment income
Net investment income on G/A assets		82			85			86			87			87			6	%		—			239			260			9	%
Net investment income on assigned capital		13			13			12			13			12			(8	%)		(8	%)		38			37			(3	%)
Total net investment income		95			98			98			100			99			4	%		(1	%)		277			297			7	%
Net realized capital gains (losses)		—			—			—			—			—			—			—			1			—			(100	%)
Total revenues		1,009			1,015			1,046			1,048			1,049			4	%		—			3,013			3,143			4	%
Benefits and Expenses
Benefits and claims
Death benefits		217			211			239			238			227			5	%		(5	%)		708			704			(1	%)
Other contract benefits		394			397			414			416			423			7	%		2	%		1,177			1,253			6	%
Change in reserve		60			50			69			42			38			(37	%)		(10	%)		160			149			(7	%)
Total benefits and claims		671			658			722			696			688			3	%		(1	%)		2,045			2,106			3	%
Other insurance expenses
Commissions & wholesaling expenses		117			132			119			122			128			9	%		5	%		369			369			—
Operating expenses		112			129			114			129			129			15	%		—			334			372			11	%
Premium taxes and other expenses		16			17			16			18			15			(6	%)		(17	%)		52			49			(6	%)
Subtotal — expenses before deferral		245			278			249			269			272			11	%		1	%		755			790			5	%
Deferred policy acquisition costs		(11	)		(15	)		(12	)		(12	)		(14	)		(27	%)		(17	%)		(29	)		(38	)		(31	%)
Total other insurance expense		234			263			237			257			258			10	%		—			726			752			4	%
Amortization of deferred policy acquisition costs		7			5			7			7			8			14	%		14	%		18			22			22	%
Total benefits and expenses		912			926			966			960			954			5	%		(1	%)		2,789			2,880			3	%
Income before income tax expense		97			89			80			88			95			(2	%)		8	%		224			263			17	%
Income tax expense		27			25			21			24			27			—			13	%		59			72			22	%
Net income		70			64			59			64			68			(3	%)		6	%		165			191			16	%
Less: Non operating net realized gains (losses), net of tax		—			—			—			—			—			—			—			—			—			—
Operating income		70			64			59			64			68			(3	%)		6	%		165			191			16	%
Less: Tax related items		—			—			—			—			—			—			—			—			—			—
Operating income, before tax related items	$	70		$	64		$	59		$	64		$	68			(3	%)		6	%	$	165		$	191			16	%

L - 22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
GROUP BENEFITS
SUPPLEMENTAL DATA

																	Year Over
		THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
		2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
PREMIUMS	Fully Insured — Ongoing Premiums
	Group disability	$	393		$	393		$	413		$	428		$	418			6	%		(2	%)	$	1,169		$	1,259			8	%
	Group life		411			417			396			406			419			2	%		3	%		1,238			1,221			(1	%)
	Other		100			95			103			106			103			3	%		(3	%)		299			312			4	%
	Total fully insured — ongoing premiums		904			905			912			940			940			4	%		—			2,706			2,792			3	%
	Total buyouts [1]		1			3			25			—			1			—			—			1			26		NM
	Total premiums		905			908			937			940			941			4	%		—			2,707			2,818			4	%
	Group disability — premium equivalents [2]		71			65			63			73			69			(3	%)		(5	%)		205			205			—
	Total premiums and premium equivalents	$	976		$	973		$	1,000		$	1,013		$	1,010			3	%		—		$	2,912		$	3,023			4	%
SALES (GROSS ANNUALIZED NEW PREMIUMS)	Fully Insured — Ongoing Sales
	Group disability	$	39		$	24		$	198		$	42		$	54			38	%		29	%	$	213		$	294			38	%
	Group life [4]		51			40			132			46			85			67	%		85	%		261			263			1	%
	Other		17			16			46			22			18			6	%		(18	%)		78			86			10	%
	Total fully insured — ongoing sales		107			80			376			110			157			47	%		43	%		552			643			16	%
	Total buyouts [1]		3			3			26			—			1			(67	%)		—			3			27		NM
	Total sales		110			83			402			110			158			44	%		44	%		555			670			21	%
	Group disability premium equivalents [2]		33			7			47			14			8			(76	%)		(43	%)		78			69			(12	%)
	Total sales and premium equivalents	$	143		$	90		$	449		$	124		$	166			16	%		34	%	$	633		$	739			17	%
RATIOS [3]	Loss Ratio		73.4	%		71.7	%		75.5	%		73.4	%		72.4	%		(1	%)		(1	%)		74.8	%		73.8	%		(1	%)
	Expense Ratio		26.4	%		29.3	%		26.4	%		27.8	%		28.0	%		6	%		1	%		27.2	%		27.4	%		1	%
GAAP RESERVES [5]	Group disability	$	4,116		$	4,163		$	4,237		$	4,290		$	4,349			6	%		1	%
	Group life		1,273			1,240			1,247			1,245			1,243			(2	%)		—
	Other		184			179			170			170			159			(14	%)		(6	%)
	Total GAAP reserves	$	5,573		$	5,582		$	5,654		$	5,705		$	5,751			3	%		1	%

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	During the three months ended March 31,2005 the Company acquired fully insured ongoing premiums of $22 from a third party for $23 in cash.
[5]	Reserve balances are net of reinsurance recoverables of $225, $311, $318, $306 and $250 as of 3Q 2004, 4Q 2004, 1Q 2005 2Q 2005, and 3Q 2005 respectively.

L-23

THE HARTFORD FINANCIAL SERVICES GROUP

LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA

											Year Over
			THREE MONTHS ENDED								Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004		2004		2005		2005		2005		Change			Change			2004		2005		Change
SALES — Dollars
Individual Annuity
Variable	$	2,286	$	1,943	$	3,072	$	2,494	$	2,809		23	%		13	%	$	5,321	$	8,375		57	%
Fixed MVA		9		512		688		222		158	NM				(29	%)		9		1,068	NM
Total sales by product	$	2,295	$	2,455	$	3,760	$	2,716	$	2,967		29	%		9	%	$	5,330	$	9,443		77	%
SALES — Yen
Individual Annuity
Variable	¥	251,303	¥	203,251	¥	321,911	¥	267,333	¥	312,311		24	%		17	%	¥	578,936	¥	901,555		56	%
Fixed MVA		1,005		53,299		72,017		23,795		17,619	NM				(26	%)		1,005		113,431	NM
Total sales by product	¥	252,308	¥	256,550	¥	393,928	¥	291,128	¥	329,930		31	%		13	%	¥	579,941	¥	1,014,986		75	%
NET FLOWS — Dollars
Individual Annuity
Variable	$	2,173	$	1,844	$	2,892	$	2,365	$	2,558		18	%		8	%	$	4,910	$	7,815		59	%
Fixed MVA		9		486		651		203		146	NM				(28	%)		9		1,000	NM
Total net flows by product	$	2,182	$	2,330	$	3,543	$	2,568	$	2,704		24	%		5	%	$	4,919	$	8,815		79	%
NET FLOWS — Yen
Individual Annuity
Variable	¥	238,935	¥	192,866	¥	302,976	¥	253,416	¥	284,656		19	%		12	%	¥	534,436	¥	841,048		57	%
Fixed MVA		954		50,601		68,072		21,811		16,198	NM				(26	%)		954		106,081	NM
Total net flows by product	¥	239,889	¥	243,467	¥	371,048	¥	275,227	¥	300,854		25	%		9	%	¥	535,390	¥	947,129		77	%
AUM — Dollars
Individual Annuity
Variable	$	11,118	$	14,129	$	16,495	$	18,440	$	21,892		97	%		19	%
Fixed MVA		9		502		1,120		1,286		1,407	NM				9	%
Total AUM by product	$	11,127	$	14,631	$	17,615	$	19,726	$	23,299		109	%		18	%
AUM — Yen
Individual Annuity
Variable	¥	1,223,484	¥	1,450,025	¥	1,767,250	¥	2,042,998	¥	2,481,209		103	%		21	%
Fixed MVA		951		51,503		120,011		142,472		159,391	NM				12	%
Total AUM by product	¥	1,224,435	¥	1,501,528	¥	1,887,261	¥	2,185,470	¥	2,640,600		116	%		21	%
OPERATING INCOME — Dollars [1]					$	20	$	33	$	38	NM				15	%

[1] Included in realized capital gains (losses) are $(3), $(7) and $(5), after tax, for the three months ended March 31, 2005, June 30, 2005 and September 30, 2005, respectively, that are attributable to our Japanese fixed annuity product which is a portion of the realized gains and losses associated with this product. These amounts represent the net periodic accruals on currency rate swaps used in the risk management of this product and are considered to be an integral part of the operating performance.

L-24

PROPERTY & CASUALTY

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,575		$	2,374		$	2,581		$	2,722		$	2,598			1	%		(5	%)	$	7,520		$	7,901			5	%
Earned premiums [1]		2,474			2,481			2,507			2,578			2,517			2	%		(2	%)		7,013			7,602			8	%
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Business Insurance		(25	)		63			118			141			125		NM				(11	%)		297			384			29	%
Personal Lines		(137	)		94			127			188			71		NM				(62	%)		44			386		NM
Specialty Commercial		(58	)		86			40			5			(143	)		(147	%)	NM				(139	)		(98	)		29	%
Ongoing Operations underwriting results [2]		(220	)		243			285			334			53		NM				(84	%)		202			672		NM
Other Operations [3]		(110	)		(59	)		(28	)		(110	)		(53	)		52	%		52	%		(389	)		(191	)		51	%
Total Property & Casualty underwriting results	$	(330	)	$	184		$	257		$	224		$	—			100	%		(100	%)	$	(187	)	$	481		NM
ONGOING OPERATIONS UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		80.4			63.9			63.1			64.2			69.6			10.8			(5.4	)		71.1			65.6			5.5
Prior year [1] [2] [4]		2.1			1.4			0.2			(2.9	)		1.7			0.4			(4.6	)		(0.4	)		(0.3	)		(0.1	)
Total loss and loss adjustment expenses		82.5			65.4			63.3			61.3			71.3			11.2			(10.0	)		70.6			65.3			5.3
Expenses		26.1			24.8			25.1			25.6			26.7			(0.6	)		(1.1	)		26.3			25.8			0.5
Policyholder dividends		0.3			—			0.2			0.2			—			0.3			0.2			0.2			0.1			0.1
Combined ratio		108.9			90.2			88.6			87.0			97.9			11.0			(10.9	)		97.1			91.2			5.9
Catastrophe ratio [4] [5]		15.6			1.2			1.9			1.7			6.2			9.4			(4.5	)		2.6			3.2			(0.6	)
Combined ratio before catastrophes		93.3			89.0			86.8			85.3			91.7			1.6			(6.4	)		94.5			87.9			6.6
Combined ratio before catastrophes and prior year development		90.5			87.6			87.1			88.5			89.8			0.7			(1.3	)		90.5			88.4			2.1
Total Property & Casualty Income and ROE
Net income	$	24		$	342		$	417		$	369		$	233		NM				(37	%)	$	568		$	1,019			79	%
Operating income [6] [7]		13			331			386			369			232		NM				(37	%)		498			987			98	%
Impact of tax related items		26			—			—			—			—			(100	%)		—			26			—			(100	%)
Operating income (loss) before tax related items [7]	$	(13	)	$	331		$	386		$	369		$	232		NM				(37	%)	$	472		$	987			109	%
Operating income ROE (last 12 months income-equity x-AOCI) [7]		12.4	%		14.2	%		14.7	%		17.2	%		20.6	%		8.2			3.4
Operating income ROE (last 12 months income-equity x-AOCI) before tax related items [7]		11.9	%		13.7	%		14.3	%		16.7	%		20.6	%		8.7			3.9
																						PROPERTY & CASUALTY
																						Dec. 31,			Sept. 30,
																						2004			2005			Change
Selected Financial Data
Hartford Fire adjusted statutory surplus ($ in billions)																						$	6.4		$	6.9			0.5
Hartford Fire premium to adjusted surplus ratio																							1.5			1.4			(0.1	)

[1]	Earned premiums for the nine months ended September 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. Earned premiums for the three months ended September 30, 2004 and 2005, are net of catastrophe treaty reinstatement premium of $17 and $60, respectively.
[2]	Ongoing Operations prior year loss and loss adjustment expenses for the nine months ended September 30, 2004 included a net reserve release of $298 related to September 11 and an increase in reserves of $190 for construction defects claims. Ongoing Operations prior year loss and loss adjustment expenses for the three months ended June 30, 2005 included a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.
[3]	During the nine months ended September 30, 2004, the Company reduced the net reinsurance recoverable asset associated with older, long-term casualty liabilities reported in the Other Operations segment by $181. Additionally, the nine months ended September 30, 2004 includes a net reserve release of $97 related to September 11, an increase of $130 for assumed casualty reinsurance reserves and, in the three months ended September 30, 2004, environmental reserve strengthening of $75. The three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the nine months ended September 30, 2004, the net reserve release related to September 11.
[5]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. Catastrophe losses for the three months ended September 30, 2005 include losses from Hurricane Katrina and Hurricane Rita.
[6]	Operating income for Property & Casualty before the impact of the $90 decrease in estimated earned premiums on retrospectively-rated policies and prior year development is $761 for the nine months ended September 30, 2004.
[7]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after tax.

PC-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,575		$	2,374		$	2,581		$	2,722		$	2,598			1	%		(5	%)	$	7,520		$	7,901			5	%
Change in reserve		101			(107	)		74			144			81			(20	%)		(44	%)		507			299			(41	%)
Earned premiums [1]		2,474			2,481			2,507			2,578			2,517			2	%		(2	%)		7,013			7,602			8	%
Loss and loss adjustment expenses
Current year		1,996			1,590			1,580			1,655			1,749			(12	%)		6	%		5,000			4,984			—
Prior year [2]		144			100			34			33			94			(35	%)		185	%		314			161			(49	%)
Total loss and loss adjustment expenses [3]		2,140			1,690			1,614			1,688			1,843			(14	%)		9	%		5,314			5,145			(3	%)
Underwriting expenses		657			608			632			662			675			3	%		2	%		1,873			1,969			5	%
Dividends to policyholders		7			(1	)		4			4			(1	)	NM			NM				13			7			(46	%)
Underwriting results		(330	)		184			257			224			—			100	%		(100	%)		(187	)		481		NM
Net servicing income		10			2			13			15			12			20	%		(20	%)		40			40			—
Net investment income		309			333			337			328			349			13	%		6	%		915			1,014			11	%
Periodic net coupon settlements on non-qualifying derivatives, before-tax [4]		1			1			—			—			—			(100	%)		—			8			—			(100	%)
Other expenses		(53	)		(54	)		(60	)		(39	)		(53	)		—			(36	%)		(181	)		(152	)		16	%
Income tax expense		50			(135	)		(161	)		(159	)		(76	)	NM				52	%		(123	)		(396	)	NM
Operating income (loss), before tax related items		(13	)		331			386			369			232		NM				(37	%)		472			987			109	%
Tax related items [5]		26			—			—			—			—			(100	%)		—			26			—			(100	%)
Operating income		13			331			386			369			232		NM				(37	%)		498			987			98	%
Add: Net realized capital gains, after-tax [4]		11			11			31			—			1			(91	%)	NM				70			32			(54	%)
Net income	$	24		$	342		$	417		$	369		$	233		NM				(37	%)	$	568		$	1,019			79	%
Total Property & Casualty effective tax rate — net income	NM				29.0	%		29.9	%		30.0	%		25.0	%	NM				(5.0	)		19.2	%		28.9	%		9.7
Total Property & Casualty effective tax rate — operating income [4]	NM				28.8	%		29.5	%		30.0	%		24.9	%	NM				(5.1	)		16.4	%		28.6	%		12.2

[1]	Earned premiums for the nine months ended September 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. Earned premiums for the three months ended September 30, 2004 and 2005, are net of catastrophe treaty reinstatement premium of $17 and $60, respectively.
[2]	The nine months ended September 30, 2004 includes a net reserve release of $395 related to September 11, an increase in reserves of $190 for construction defects claims, an increase in reserves of $130 for assumed casualty reinsurance, a reduction in net reinsurance recoverables of $181, and in the three months ended September 30, 2004, environmental reserve strengthening of $75. The three months ended June 30, 2005 includes a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims. Additionally, the three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73.
[3]	The three months ended September 30, 2004 include catastrophe losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. The three months ended September 30, 2005 include catastrophe losses from Hurricane Katrina and Hurricane Rita.
[4]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after tax.
[5]	Tax benefit related to the audit settlement of tax years prior to 2004.

PC-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2005

																Total
	Business			Personal			Specialty			Ongoing			Other			Property &
	Insurance			Lines			Commercial			Operations			Operations			Casualty
UNDERWRITING RESULTS
Written premiums	$	1,223		$	936		$	437		$	2,596		$	2		$	2,598
Change in reserve		29			46			6			81			—			81
Earned premiums [1]		1,194			890			431			2,515			2			2,517
Loss and loss adjustment expenses
Current year		728			623			398			1,749			—			1,749
Prior year [2]		(14	)		(5	)		62			43			51			94
Total loss and loss adjustment expenses [3]		714			618			460			1,792			51			1,843
Underwriting expenses		358			201			112			671			4			675
Dividends to policyholders		(3	)		—			2			(1	)		—			(1	)
Underwriting results	$	125		$	71		$	(143	)	$	53		$	(53	)	$	—
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		60.9			69.9			92.8			69.6
Prior year [2] [4]		(1.2	)		(0.5	)		14.6			1.7
Total loss and loss adjustment expenses		59.7			69.3			107.4			71.3
Expenses		30.1			22.7			25.4			26.7
Policyholder dividends		(0.2	)		—			0.5			—
Combined ratio		89.5			92.0			133.3			97.9
Catastrophe ratio [3] [4]		1.5			5.8			19.7			6.2
Combined ratio before catastrophes		88.0			86.2			113.6			91.7
Combined ratio before catastrophes and prior year development [4]		89.0			86.7			98.2			89.8

[1]	Ongoing Operations earned premiums for the three months ended September 30, 2005 are net of catastrophe treaty reinstatement premium of $60. Refer to the respective segment underwriting pages for catastrophe treaty reinstatement premium by segment.
[2]	Specialty Commercial includes workers compensation reserve strengthening of $70. Other Operations includes environmental reserve strengthening of $37.
[3]	Catastrophe losses for the three months ended September 30, 2005 include losses from Hurricane Katrina and Hurricane Rita.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATING UNDERWRITING RESULTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005

																Total
	Business			Personal			Specialty			Ongoing			Other			Property &
	Insurance			Lines			Commercial			Operations			Operations			Casualty
UNDERWRITING RESULTS
Written premiums	$	3,708		$	2,775		$	1,414		$	7,897		$	4		$	7,901
Change in reserve		167			82			50			299			—			299
Earned premiums [1]		3,541			2,693			1,364			7,598			4			7,602
Loss and loss adjustment expenses
Current year		2,139			1,803			1,042			4,984			—			4,984
Prior year [2]		(14	)		(110	)		99			(25	)		186			161
Total loss and loss adjustment expenses [3]		2,125			1,693			1,141			4,959			186			5,145
Underwriting expenses		1,031			614			315			1,960			9			1,969
Dividends to policyholders		1			—			6			7			—			7
Underwriting results	$	384		$	386		$	(98	)	$	672		$	(191	)	$	481
UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		60.4			66.9			76.6			65.6
Prior year [2] [4]		(0.4	)		(4.1	)		7.2			(0.3	)
Total loss and loss adjustment expenses		60.0			62.8			83.8			65.3
Expenses		29.1			22.9			22.9			25.8
Policyholder dividends		—			—			0.4			0.1
Combined ratio		89.2			85.7			107.2			91.2
Catastrophe ratio [3] [4]		1.2			3.5			7.8			3.2
Combined ratio before catastrophes		87.9			82.1			99.3			87.9
Combined ratio before catastrophes and prior year development [4]		88.5			86.4			92.3			88.4

[1]	Ongoing Operations earned premiums are net of catastrophe treaty reinstatement premium of $60, recorded in the third quarter. Refer to the respective segment underwriting pages for catastrophe treaty reinstatement premium by segment.
[2]	Includes a net reserve release of $95 in Personal Lines, predominantly related to allocated loss adjustment expenses on auto liability claims and assumed reinsurance reserve strengthening of $73 in Other Operations, recorded in the second quarter. Includes workers compensation reserve strengthening of $70 in Specialty Commercial and environmental reserve strengthening of $37 in Other Operations, recorded in the third quarter.
[3]	Includes catastrophe losses from Hurricane Katrina and Hurricane Rita, recorded in the third quarter.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses.

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS
UNDERWRITING RESULTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,		Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005		2005			2005			Change			Change			2004			2005			Change
UNDERWRITING RESULTS
Written premiums	$	2,581		$	2,373		$	2,579	$	2,722		$	2,596			1	%		(5	%)	$	7,531		$	7,897			5	%
Change in reserve		103			(106	)		75		143			81			(21	%)		(43	%)		540			299			(45	%)
Earned premiums [1] [2]		2,478			2,479			2,504		2,579			2,515			1	%		(2	%)		6,991			7,598			9	%
Loss and loss adjustment expenses
Current year		1,991			1,587			1,580		1,655			1,749			(12	%)		6	%		4,967			4,984			—
Prior year [3]		53			35			6		(74	)		43			(19	%)	NM				(30	)		(25	)		17	%
Total loss and loss adjustment expenses [4]		2,044			1,622			1,586		1,581			1,792			(12	%)		13	%		4,937			4,959			—
Underwriting expenses		647			615			629		660			671			4	%		2	%		1,839			1,960			7	%
Dividends to policyholders		7			(1	)		4		4			(1	)	NM			NM				13			7			(46	%)
Underwriting results	$	(220	)	$	243		$	285	$	334		$	53		NM				(84	%)	$	202		$	672		NM
UNDERWRITING RATIOS [1]
Loss and loss adjustment expenses
Current year		80.4			63.9			63.1		64.2			69.6			10.8			(5.4	)		71.1			65.6			5.5
Prior year [3] [5]		2.1			1.4			0.2		(2.9	)		1.7			0.4			(4.6	)		(0.4	)		(0.3	)		(0.1	)
Total loss and loss adjustment expenses		82.5			65.4			63.3		61.3			71.3			11.2			(10.0	)		70.6			65.3			5.3
Expenses		26.1			24.8			25.1		25.6			26.7			(0.6	)		(1.1	)		26.3			25.8			0.5
Policyholder dividends		0.3			—			0.2		0.2			—			0.3			0.2			0.2			0.1			0.1
Combined ratio		108.9			90.2			88.6		87.0			97.9			11.0			(10.9	)		97.1			91.2			5.9
Catastrophe ratio [4] [5]		15.6			1.2			1.9		1.7			6.2			9.4			(4.5	)		2.6			3.2			(0.6	)
Combined ratio before catastrophes		93.3			89.0			86.8		85.3			91.7			1.6			(6.4	)		94.5			87.9			6.6
Combined ratio before catastrophes and prior year development [2] [4]		90.5			87.6			87.1		88.5			89.8			0.7			(1.3	)		90.5			88.4			2.1

[1] Ongoing Operations earned premiums for the nine months ended September 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. The nine months ended September 30, 2004 also included a net reserve release of $298 related to September 11 and an increase in reserves of $190 for construction defects claims. Other prior year loss development for the nine months ended September 30, 2004 includes an increase in reserves of $78. The following table shows underwriting ratios for the nine months ended September 30, 2004 before giving effect of these items:

Loss and loss adjustment expenses
Current year	70.2
Prior year	—
Total loss and loss adjustment expenses	70.2
Expenses	26.0
Policyholder dividends	0.2
Combined ratio	96.3
Catastrophe ratio	7.0
Combined ratio before catastrophes	89.3
Combined ratio before catastrophes and prior year development	89.3

[2]	Earned premiums for the three months ended September 30, 2004 and 2005, are net of catastrophe treaty reinstatement premium of $17 and $60, respectively.
[3]	The nine months ended September 30, 2004 includes a net reserve release of $298 related to September 11 and an increase in reserves of $190 for construction defects claims. The three months ended June 30, 2005 includes a net reserve release of $95 in Personal Lines, predominately related to allocated loss adjustment expenses on auto liability claims.
[4]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. Catastrophe losses for the three months ended September 30, 2005 include losses from Hurricane Katrina and Hurricane Rita.
[5]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the nine months ended September 30, 2004, the net reserve release related to September 11.

PC-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
BUSINESS INSURANCE
UNDERWRITING RESULTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,		Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005		2005			2005			Change			Change			2004			2005			Change
UNDERWRITING RESULTS
Written premiums	$	1,148		$	1,157		$	1,238	$	1,247		$	1,223			7	%		(2	%)	$	3,418		$	3,708			8	%
Change in reserve		53			32			88		50			29			(45	%)		(42	%)		244			167			(32	%)
Earned premiums [1] [2]		1,095			1,125			1,150		1,197			1,194			9	%		—			3,174			3,541			12	%
Loss and loss adjustment expenses
Current year		753			687			689		722			728			(3	%)		1	%		2,013			2,139			6	%
Prior year		30			41			8		(8	)		(14	)	NM				(75	%)		(108	)		(14	)		87	%
Total loss and loss adjustment expenses [3]		783			728			697		714			714			(9	%)		—			1,905			2,125			12	%
Underwriting expenses		333			337			333		340			358			8	%		5	%		959			1,031			8	%
Dividends to policyholders		4			(3	)		2		2			(3	)	NM			NM				13			1			(92	%)
Underwriting results	$	(25	)	$	63		$	118	$	141		$	125		NM				(11	%)	$	297		$	384			29	%
Loss and loss adjustment expenses
Current year		68.8			61.0			60.0		60.2			60.9			7.9			(0.7	)		63.4			60.4			3.0
Prior year [4]		2.8			3.7			0.7		(0.6	)		(1.2	)		4.0			0.6			(3.4	)		(0.4	)		(3.0	)
Total loss and loss adjustment expenses		71.6			64.7			60.7		59.6			59.7			11.9			(0.1	)		60.0			60.0			—
Expenses		30.3			29.9			28.9		28.4			30.1			0.2			(1.7	)		30.2			29.1			1.1
Policyholder dividends		0.4			(0.2	)		0.2		0.2			(0.2	)		0.6			0.4			0.4			—			0.4
Combined ratio		102.3			94.4			89.8		88.2			89.5			12.8			(1.3	)		90.6			89.2			1.4
Catastrophe ratio [3] [4]		8.1			1.0			1.5		0.6			1.5			6.6			(0.9	)		(1.6	)		1.2			(2.8	)
Combined ratio before catastrophes		94.2			93.4			88.2		87.6			88.0			6.2			(0.4	)		92.2			87.9			4.3
Combined ratio before catastrophes and prior year development		90.7			89.7			88.3		88.2			89.0			1.7			(0.8	)		89.8			88.5			1.3

[1]	The nine months ended September 30, 2004 includes a net reserve release of $175 related to September 11 and an increase in reserves of $23 for construction defects claims.
[2]	Earned premiums for the three months ended September 30, 2004 and 2005, are net of catastrophe treaty reinstatement premium of $6 and $14, respectively.
[3]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. Catastrophe losses for the three months ended September 30, 2005 include losses from Hurricane Katrina and Hurricane Rita.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the nine months ended September 30, 2004, the net reserve release related to September 11.

PC-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
BUSINESS INSURANCE
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004		2004		2005		2005		2005		Change			Change			2004		2005		Change
WRITTEN PREMIUMS [1]
Small Commercial	$	549	$	569	$	658	$	642	$	607		11	%		(5	%)	$	1,686	$	1,907		13	%
Middle Market		599		588		580		605		616		3	%		2	%		1,732		1,801		4	%
Total	$	1,148	$	1,157	$	1,238	$	1,247	$	1,223		7	%		(2	%)	$	3,418	$	3,708		8	%
EARNED PREMIUMS [1]
Small Commercial	$	526	$	549	$	572	$	609	$	606		15	%		—		$	1,528	$	1,787		17	%
Middle Market		569		576		578		588		588		3	%		—			1,646		1,754		7	%
Total	$	1,095	$	1,125	$	1,150	$	1,197	$	1,194		9	%		—		$	3,174	$	3,541		12	%

[1] The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

PC-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004		2005			Change
UNDERWRITING RESULTS
Written premiums	$	920		$	856		$	864		$	975		$	936			2	%		(4	%)	$	2,701	$	2,775			3	%
Change in reserve		53			(26	)		(25	)		61			46			(13	%)		(25	%)		138		82			(41	%)
Earned premiums [1]		867			882			889			914			890			3	%		(3	%)		2,563		2,693			5	%
Loss and loss adjustment expenses
Current year		797			591			577			603			623			(22	%)		3	%		1,918		1,803			(6	%)
Prior year [2]		2			(4	)		(11	)		(94	)		(5	)	NM				95	%		7		(110	)	NM
Total loss and loss adjustment expenses [3]		799			587			566			509			618			(23	%)		21	%		1,925		1,693			(12	%)
Underwriting expenses		205			201			196			217			201			(2	%)		(7	%)		594		614			3	%
Underwriting results	$	(137	)	$	94		$	127		$	188		$	71		NM				(62	%)	$	44	$	386		NM
Loss and loss adjustment expenses
Current year		91.9			67.1			65.0			65.9			69.9			22.0			(4.0	)		74.8		66.9			7.9
Prior year [2] [4]		0.2			(0.4	)		(1.2	)		(10.3	)		(0.5	)		0.7			(9.8	)		0.3		(4.1	)		4.4
Total loss and loss adjustment expenses		92.1			66.7			63.7			55.6			69.3			22.8			(13.7	)		75.1		62.8			12.3
Expenses		23.7			22.6			22.0			23.8			22.7			1.0			1.1			23.2		22.9			0.3
Combined ratio		115.8			89.3			85.8			79.4			92.0			23.8			(12.6	)		98.3		85.7			12.6
Catastrophe ratio [3] [4]		25.1			(0.3	)		2.5			2.4			5.8			19.3			(3.4	)		10.0		3.5			6.5
Combined ratio before catastrophes		90.6			89.6			83.3			77.0			86.2			4.4			(9.2	)		88.3		82.1			6.2
Combined ratio before catastrophes and prior year development		89.4			90.0			85.0			87.5			86.7			2.7			0.8			87.6		86.4			1.2
Automobile		98.9			98.5			89.6			81.5			92.4			6.5			(10.9	)		94.8		87.8			7.0
Homeowners		171.5			60.2			73.7			73.1			90.9			80.6			(17.8	)		109.4		78.9			30.5
Total		115.8			89.3			85.8			79.4			92.0			23.8			(12.6	)		98.3		85.7			12.6

[1]	Earned premiums for the three months ended September 30, 2004 and 2005, are net of catastrophe treaty reinstatement premium of $7 and $28, respectively.
[2]	The nine months ended September 30, 2004 includes a net reserve release of $7 related to September 11. The three months ended June 30, 2005 includes a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.
[3]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. Catastrophe losses for the three months ended September 30, 2005 include losses from Hurricane Katrina and Hurricane Rita.
[4]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the nine months ended September 30, 2004, the net reserve release related to September 11.

PC-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004		2004		2005		2005		2005		Change			Change			2004		2005		Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	583	$	534	$	550	$	635	$	608		4	%		(4	%)	$	1,710	$	1,793		5	%
Other Affinity		30		31		29		28		26		(13	%)		(7	%)		97		83		(14	%)
Agency		248		241		232		267		261		5	%		(2	%)		701		760		8	%
Omni		59		50		53		45		41		(31	%)		(9	%)		193		139		(28	%)
Total	$	920	$	856	$	864	$	975	$	936		2	%		(4	%)	$	2,701	$	2,775		3	%
EARNED PREMIUMS [1]
AARP	$	540	$	550	$	560	$	579	$	568		5	%		(2	%)	$	1,596	$	1,707		7	%
Other Affinity		34		33		31		31		28		(18	%)		(10	%)		105		90		(14	%)
Agency		229		238		242		252		246		7	%		(2	%)		669		740		11	%
Omni		64		61		56		52		48		(25	%)		(8	%)		193		156		(19	%)
Total	$	867	$	882	$	889	$	914	$	890		3	%		(3	%)	$	2,563	$	2,693		5	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	685	$	645	$	672	$	720	$	695		1	%		(3	%)	$	2,040	$	2,087		2	%
Homeowners		235		211		192		255		241		3	%		(5	%)		661		688		4	%
Total	$	920	$	856	$	864	$	975	$	936		2	%		(4	%)	$	2,701	$	2,775		3	%
EARNED PREMIUMS [1]
Automobile	$	665	$	671	$	674	$	684	$	684		3	%		—		$	1,951	$	2,042		5	%
Homeowners		202		211		215		230		206		2	%		(10	%)		612		651		6	%
Total	$	867	$	882	$	889	$	914	$	890		3	%		(3	%)	$	2,563	$	2,693		5	%

[1] The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

PC-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
UNDERWRITING RESULTS

														Year Over
	THREE MONTHS ENDED													Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,		Jun. 30,		Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005		2005		2005			Change			Change			2004			2005			Change
UNDERWRITING RESULTS
Written premiums	$	513		$	360		$	477	$	500	$	437			(15	%)		(13	%)	$	1,412		$	1,414			—
Change in reserve		(3	)		(112	)		12		32		6		NM				(81	%)		158			50			(68	%)
Earned premiums [1] [2]		516			472			465		468		431			(16	%)		(8	%)		1,254			1,364			9	%
Loss and loss adjustment expenses
Current year		441			309			314		330		398			(10	%)		21	%		1,036			1,042			1	%
Prior year [3]		21			(2	)		9		28		62			195	%		121	%		71			99			39	%
Total loss and loss adjustment expenses [4]		462			307			323		358		460			—			28	%		1,107			1,141			3	%
Underwriting expenses		109			77			100		103		112			3	%		9	%		286			315			10	%
Dividends to policyholders		3			2			2		2		2			(33	%)		—			—			6		NM
Underwriting results	$	(58	)	$	86		$	40	$	5	$	(143	)		(147	%)	NM			$	(139	)	$	(98	)		29	%
Loss and loss adjustment expenses
Current year		85.9			64.9			67.1		70.9		92.8			(6.9	)		(21.9	)		82.8			76.6			6.2
Prior year [5]		3.9			(0.4	)		1.9		5.8		14.6			(10.7	)		(8.8	)		5.6			7.2			(1.6	)
Total loss and loss adjustment expenses		89.8			64.5			69.1		76.7		107.4			(17.6	)		(30.7	)		88.4			83.8			4.6
Expenses		21.3			16.9			21.9		21.7		25.4			(4.1	)		(3.7	)		22.7			22.9			(0.2	)
Policyholder dividends		0.4			0.5			0.4		0.4		0.5			(0.1	)		(0.1	)		—			0.4			(0.4	)
Combined ratio		111.4			81.8			91.3		98.8		133.3			(21.9	)		(34.5	)		111.1			107.2			3.9
Catastrophe ratio [4] [5]		15.7			4.2			1.5		3.3		19.7			(4.0	)		(16.4	)		(2.1	)		7.8			(9.9	)
Combined ratio before catastrophes		95.7			77.6			89.8		95.5		113.6			(17.9	)		(18.1	)		113.2			99.3			13.9
Combined ratio before catastrophes and prior year development		91.9			78.0			88.0		91.0		98.2			(6.3	)		(7.2	)		98.4			92.3			6.1

[1] Specialty Commercial earned premiums for the nine months ended September 30, 2004 were reduced by $90 reflecting a decrease in estimated earned premiums on retrospectively-rated policies. The nine months ended September 30, 2004 also include a net reserve release of $116 related to September 11 and an increase in reserves of $167 for construction defects claims. Other prior year loss development for the nine months ended September 30, 2004 includes an increase in reserves of $20. The following table shows underwriting ratios for the nine months ended September 30, 2004 before giving effect of these items:

Loss and loss adjustment expenses
Current year	77.2
Prior year	—
Total loss and loss adjustment expenses	77.2
Expenses	21.2
Policyholder dividends	—
Combined ratio	98.4
Catastrophe ratio	6.7
Combined ratio before catastrophes	91.8
Combined ratio before catastrophes and prior year development	91.8

[2]	Earned premiums for the three months ended September 30, 2004 and 2005 are net of catastrophe treaty reinstatement premium of $4 and $18, respectively.
[3]	The three months ended September 30, 2005 includes workers compensation reserve strengthening of $70.
[4]	Catastrophe losses for the three months ended September 30, 2004 include losses from Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. Catastrophe losses for the three months ended September 30, 2005 include losses from Hurricane Katrina and Hurricane Rita.
[5]	Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses including, for the nine months ended September 30, 2004, the net reserve release related to September 11.

PC-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
WRITTEN AND EARNED PREMIUMS

												Year Over
	THREE MONTHS ENDED											Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,			Mar. 31,		Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004		2004			2005		2005		2005		Change			Change			2004		2005		Change
WRITTEN PREMIUMS [1]
Property	$	166	$	72		$	66	$	75	$	38		(77	%)		(49	%)	$	371	$	179		(52	%)
Casualty		197		172			242		239		202		3	%		(15	%)		571		683		20	%
Bond		51		48			52		59		59		16	%		—			149		170		14	%
Professional Liability		86		93			76		89		109		27	%		22	%		249		274		10	%
Other		13		(25	)		41		38		29		123	%		(24	%)		72		108		50	%
Total	$	513	$	360		$	477	$	500	$	437		(15	%)		(13	%)	$	1,412	$	1,414		—
EARNED PREMIUMS [1]
Property	$	157	$	118		$	76	$	72	$	40		(75	%)		(44	%)	$	343	$	188		(45	%)
Casualty [2]		193		198			214		221		201		4	%		(9	%)		437		636		46	%
Bond		47		48			49		52		54		15	%		4	%		140		155		11	%
Professional Liability		84		87			82		84		89		6	%		6	%		248		255		3	%
Other		35		21			44		39		47		34	%		21	%		86		130		51	%
Total	$	516	$	472		$	465	$	468	$	431		(16	%)		(8	%)	$	1,254	$	1,364		9	%

[1]	The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.
[2]	Earned premiums for the nine months ended September 30, 2004 were reduced by $90 to reflect a decrease in estimated earned premiums on retrospectively-rated policies.

PC-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,
	2004			2004			2005			2005			2005
Written Price Increases
Business Insurance		1	%		2	%		—			(1	%)		(3	%)
Personal Lines Automobile		3	%		3	%		—			(1	%)		(1	%)
Personal Lines Homeowners		8	%		8	%		5	%		8	%		8	%
Premium Retention
Business Insurance		86	%		85	%		84	%		84	%		83	%
Personal Lines Automobile		90	%		89	%		87	%		87	%		86	%
Personal Lines Homeowners		101	%		96	%		94	%		94	%		93	%
New Business % to Net Written Premium
Business Insurance		25	%		26	%		24	%		24	%		24	%
Personal Lines Automobile		18	%		16	%		16	%		15	%		16	%
Personal Lines Homeowners		14	%		14	%		14	%		13	%		16	%

PC-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
UNDERWRITING RESULTS
Written premiums	$	(6	)	$	1		$	2		$	—		$	2		NM				—		$	(11	)	$	4		NM
Change in reserve		(2	)		(1	)		(1	)		1			—			100	%		(100	%)		(33	)		—			100	%
Earned premiums		(4	)		2			3			(1	)		2		NM			NM				22			4			(82	%)
Loss and loss adjustment expenses
Current year		5			3			—			—			—			(100	%)		—			33			—			(100	%)
Prior year [1]		91			65			28			107			51			(44	%)		(52	%)		344			186			(46	%)
Total loss and loss adjustment expenses		96			68			28			107			51			(47	%)		(52	%)		377			186			(51	%)
Underwriting expenses		10			(7	)		3			2			4			(60	%)		100	%		34			9			(74	%)
Underwriting results	$	(110	)	$	(59	)	$	(28	)	$	(110	)	$	(53	)		52	%		52	%	$	(389	)	$	(191	)		51	%

[1] The nine months ended September 30, 2004 includes a net reserve release of $97 related to September 11, an increase of $130 for assumed casualty reinsurance reserves, a provision of $181 associated with the evaluation of the reinsurance recoverable asset and, in the three months ended September 30, 2004, $75 of environmental reserve strengthening. The three months ended December 31, 2004 includes an increase of $40 for assumed casualty reinsurance reserves. The three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73. The three months ended September 30, 2005 includes environmental reserve strengthening of $37.

PC-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS CLAIMS AND CLAIM ADJUSTMENT EXPENSES

For the Three Months Ended September 30, 2005	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	2,362		$	338		$	2,382		$	5,082
Claims and claim adjustment expenses incurred		6			37			8			51
Claims and claim adjustment expenses paid		(42	)		(4	)		(97	)		(143	)
Ending liability — net [2] [3]	$	2,326	[4]	$	371		$	2,293		$	4,990

For the Nine Months Ended September 30, 2005	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	2,471		$	385		$	2,514		$	5,370
Claims and claim adjustment expenses incurred		19			51			116			186
Claims and claim adjustment expenses paid		(164	)		(65	)		(337	)		(566	)
Ending liability — net [2] [3]	$	2,326	[4]	$	371		$	2,293		$	4,990

[1]	“All Other” includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.
[2]	Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $10 and $7, respectively, as of September 30, 2005, $10 and $8, respectively, as of June 30, 2005, and $13 and $9, respectively, as of December 31, 2004. Total net claim and claim adjustment expenses incurred in Ongoing Operations for the three and nine months ended September 30, 2005 includes $4 and $9, respectively, related to asbestos and environmental claims. Total net claim and claim adjustment expenses paid in Ongoing Operations for the three and nine months ended September 30, 2005 includes $5 and $14, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $3,944 and $451, respectively, as of September 30, 2005, $4,033 and $446, respectively, as of June 30, 2005, and $4,322 and $501, respectively, as of December 31, 2004.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $199 and $526, respectively, resulting in a one year net survival ratio of 11.7 and a three year net survival ratio of 4.4 (12.9 excluding the MacArthur payments). Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SUMMARY OF GROSS ENVIRONMENTAL RESERVES

	As of September 30, 2005
					% of			3 Year Gross
	Number of		Total		Environmental			Survival
	Accounts [1]		Reserves		Reserves			Ratio [3]
Accounts with future exposure >$2.5		13	$	78		17	%
Accounts with future exposure <$2.5		562		108		24	%
Other Direct [2]		—		24		5	%
Total		575		210		46	%		2.2
Assumed Reinsurance				179		40	%		8.7
London Market				62		14	%		3.7
Total Gross Environmental Reserves			$	451		100	%		3.4

[1]	Number of accounts by category established as of June 2005.
[2]	Includes unallocated IBNR.
[3]	The one year gross paid amount for total environmental claims is $101, resulting in a one year gross survival ratio of 4.4.

PC-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PAID AND INCURRED LOSS AND LOSS ADJUSTMENT EXPENSE (“LAE”)
DEVELOPMENT — ASBESTOS AND ENVIRONMENTAL

	Asbestos [1]					Environmental [1]
	Paid			Incurred		Paid			Incurred
For the Three Months Ended September 30, 2005	Loss & LAE			Loss & LAE		Loss & LAE			Loss & LAE
Gross
Direct	$	57		$	3	$	2		$	14
Assumed — Domestic		24			—		4			—
London Market		11			—		2			—
Total		92			3		8			14
Ceded		(50	)		3		(4	)		23
Net	$	42		$	6	$	4		$	37

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid		Incurred
For the Nine Months Ended September 30, 2005	Loss & LAE			Loss & LAE			Loss & LAE		Loss & LAE
Gross
Direct	$	282		$	8		$	39	$	15
Assumed — Domestic		51			(4	)		16		(1	)
London Market		46			—			7		—
Total		379			4			62		14
Ceded		(215	)		15			3		37
Net	$	164		$	19		$	65	$	51

[1] Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three and nine months ended September 30, 2005 includes $4 and $15, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and nine months ended September 30, 2005 includes $4 and $19, respectively, related to asbestos and environmental claims.

PC-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Three Months Ended September 30, 2005
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 7/1/05 - gross	$	6,399		$	1,931		$	5,544		$	13,874		$	7,230		$	21,104
Reinsurance and other recoverables		476			142			2,017			2,635			2,148			4,783
Liabilities for unpaid claims and claim adjustment expenses at 7/1/05 - net		5,923			1,789			3,527			11,239			5,082			16,321
Provision for unpaid claims and claim adjustment expenses
Current year		728			623			398			1,749			—			1,749
Prior year		(14	)		(5	)		62			43			51			94
Total provision for unpaid claims and claim adjustment expenses		714			618			460			1,792			51			1,843
Payments		(551	)		(556	)		(242	)		(1,349	)		(143	)		(1,492	)
Liabilities for unpaid claims and claim adjustment expenses at 9/30/05 - net		6,086			1,851			3,745			11,682			4,990			16,672
Reinsurance and other recoverables		536			201			2,321			3,058			2,061			5,119
Liabilities for unpaid claims and claim adjustment expenses at 9/30/05 - gross	$	6,622		$	2,052		$	6,066		$	14,740		$	7,051		$	21,791
Earned premiums	$	1,194		$	890		$	431		$	2,515		$	2		$	2,517
Loss and loss expense paid ratio		46.1			62.3			56.8			53.7
Loss and loss expense incurred ratio		59.7			69.3			107.4			71.3
Prior accident year development (pts.)		(1.2	)		(0.5	)		14.6			1.7

PC-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Nine Months Ended September 30, 2005
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 1/1/05 - gross	$	6,057		$	2,000		$	5,519		$	13,576		$	7,753		$	21,329
Reinsurance and other recoverables		474			190			2,091			2,755			2,383			5,138
Liabilities for unpaid claims and claim adjustment expenses at 1/1/05 - net		5,583			1,810			3,428			10,821			5,370			16,191
Provision for unpaid claims and claim adjustment expenses
Current year		2,139			1,803			1,042			4,984			—			4,984
Prior year		(14	)		(110	)		99			(25	)		186			161
Total provision for unpaid claims and claim adjustment expenses		2,125			1,693			1,141			4,959			186			5,145
Payments		(1,622	)		(1,652	)		(824	)		(4,098	)		(566	)		(4,664	)
Liabilities for unpaid claims and claim adjustment expenses at 9/30/05 - net		6,086			1,851			3,745			11,682			4,990			16,672
Reinsurance and other recoverables		536			201			2,321			3,058			2,061			5,119
Liabilities for unpaid claims and claim adjustment expenses at 9/30/05 - gross	$	6,622		$	2,052		$	6,066		$	14,740		$	7,051		$	21,791
Earned premiums	$	3,541		$	2,693		$	1,364		$	7,598		$	4		$	7,602
Loss and loss expense paid ratio		45.7			61.3			60.5			53.9
Loss and loss expense incurred ratio		60.0			62.8			83.8			65.3
Prior accident year development (pts.)		(0.4	)		(4.1	)		7.2			(0.3	)

PC-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
REINSURANCE RECOVERABLE ANALYSIS

	September 30,			December 31,
	2005			2004
Gross Reinsurance Recoverable [1]
Paid Loss and Loss Adjustment Expense	$	628		$	646
Unpaid Loss and Loss Adjustment Expense		5,060			4,913
Subtotal Gross Reinsurance Recoverable		5,688			5,559
Less: Allowance for Uncollectible Reinsurance		(382	)		(374	)
Net Property & Casualty Reinsurance Recoverable	$	5,306		$	5,185

	% of			% of Rated			% of Rated
Distribution of Net Recoverable as of December 31, 2004	Amount			Total			Companies
Net Property & Casualty Reinsurance Recoverables	$	5,185
Less: Mandatory (Assigned Risk) Pools		(433	)
Net P&C Reinsurance Recoverable Excluding Mandatory Pools	$	4,752
Rated A- (Excellent) or better by A.M. Best [2]	$	3,134			66.0	%		93.1	%
Other Rated by A.M. Best [2]		231			4.9	%		6.9	%
Total Rated Companies		3,365			70.9	%		100.0	%
Voluntary Pools		227			4.8	%
Captives		150			3.2	%
Other Not Rated Companies		1,010			21.1	%
Total	$	4,752			100.0	%

[1]	Net of commutations, settlements and known insolvencies.
[2]	Based on A.M. Best ratings as of 12/31/04.

PC-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Earned premiums	$	2,474		$	2,481		$	2,507		$	2,578		$	2,517			2	%		(2	%)	$	7,013		$	7,602			8	%
Net investment income		309			333			337			328			349			13	%		6	%		915			1,014			11	%
Other revenues		107			108			112			115			115			7	%		—			328			342			4	%
Net realized capital gains		18			17			48			—			2			(89	%)	NM				116			50			(57	%)
Total revenues		2,908			2,939			3,004			3,021			2,983			3	%		(1	%)		8,372			9,008			8	%
Benefits, claims and claim adjustment expenses [1]		2,140			1,690			1,614			1,688			1,843			(14	%)		9	%		5,314			5,145			(3	%)
Amortization of deferred policy acquisition costs		471			478			492			498			500			6	%		—			1,372			1,490			9	%
Insurance operating costs and expenses		193			129			144			168			174			(10	%)		4	%		514			486			(5	%)
Other expenses		150			160			159			139			156			4	%		12	%		469			454			(3	%)
Total benefits and expenses		2,954			2,457			2,409			2,493			2,673			(10	%)		7	%		7,669			7,575			(1	%)
Income (loss) before income taxes		(46	)		482			595			528			310		NM				(41	%)		703			1,433			104	%
Income tax expense (benefit) [2]		(70	)		140			178			159			77		NM				(52	%)		135			414		NM
Net income		24			342			417			369			233		NM				(37	%)		568			1,019			79	%
Less: Net realized capital gains, after-tax [3]		11			11			31			—			1			(91	%)	NM				70			32			(54	%)
Operating income [3]	$	13		$	331		$	386		$	369		$	232		NM				(37	%)	$	498		$	987			98	%
Total Property & Casualty effective tax rate — net income	NM				29.0	%		29.9	%		30.0	%		25.0	%	NM				(5.0	)		19.2	%		28.9	%		9.7
Total Property & Casualty effective tax rate — operating income [3]	NM				28.8	%		29.5	%		30.0	%		24.9	%	NM				(5.1	)		16.4	%		28.6	%		12.2

[1]	The nine months ended September 30, 2004 includes a net reserve release of $395 related to September 11, an increase in reserves of $190 for construction defects claims, an increase in reserves of $130 for assumed casualty reinsurance, a $181 reduction in the reinsurance recoverable asset associated with older long-term casualty liabilities and, in the three months ended September 30, 2004, a $75 increase in environmental reserves. The three months ended June 30, 2005 includes assumed reinsurance reserve strengthening of $73 and a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.
[2]	The three months ended September 30, 2004 include a $26 tax benefit related to the audit settlement of tax years prior to 2004.
[3]	For periods prior to January 1, 2005, operating income includes the effect of periodic net coupon settlements on non-qualifying derivatives, after tax.

PC-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED BALANCE SHEETS

	AS OF											Year Over
	Sept. 30,		Dec. 31,			Mar. 31,		Jun. 30,		Sept. 30,		Year			Sequential
	2004		2004			2005		2005		2005		Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	23,932	$	24,410		$	24,130	$	24,550	$	24,994		4	%		2	%
Equity securities, available for sale, at fair value		201		307			427		589		604	NM				3	%
Other investments		799		809			770		811		769		(4	%)		(5	%)
Total investments		24,932		25,526			25,327		25,950		26,367		6	%		2	%
Cash		194		215			241		256		258		33	%		1	%
Premiums receivable and agents’ balances		3,009		2,844			2,910		2,916		2,801		(7	%)		(4	%)
Reinsurance recoverables		5,139		5,185			5,186		4,943		5,306		3	%		7	%
Deferred policy acquisition costs		1,046		1,071			1,080		1,095		1,113		6	%		2	%
Deferred income tax		995		879			914		738		858		(14	%)		16	%
Goodwill		152		152			152		152		152		—			—
Property and equipment, net		444		461			464		466		475		7	%		2	%
Other assets		1,738		1,685			1,728		1,755		1,713		(1	%)		(2	%)
Total assets	$	37,649	$	38,018		$	38,002	$	38,271	$	39,043		4	%		2	%
Future policy benefits, unpaid claims and claim adjustment expenses	$	21,314	$	21,329		$	21,301	$	21,104	$	21,791		2	%		3	%
Unearned premiums		4,865		4,763			4,886		4,987		5,049		4	%		1	%
Other liabilities		3,531		3,730			3,591		3,524		3,707		5	%		5	%
Total liabilities		29,710		29,822			29,778		29,615		30,547		3	%		3	%
Equity, x-AOCI, net of tax		7,320		7,542			7,876		8,080		8,183		12	%		1	%
AOCI, net of tax		619		654			348		576		313		(49	%)		(46	%)
Total stockholders’ equity		7,939		8,196			8,224		8,656		8,496		7	%		(2	%)
Total liabilities and stockholders’ equity	$	37,649	$	38,018		$	38,002	$	38,271	$	39,043		4	%		2	%
Hartford Fire NAIC RBC				447	%

PC-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	Jun. 30, 2005			Dec. 31, 2004
Statutory Capital and Surplus	$	6,639		$	6,335
GAAP Adjustments
Deferred policy acquisition costs		1,095			1,071
Deferred taxes		(568	)		(468	)
Benefit reserves		(247	)		(216	)
Unrealized gains on investments		689			776
Goodwill		95			85
Non-admitted assets		837			824
Other, net		116			(211	)
GAAP Stockholders’ Equity	$	8,656		$	8,196

PC-22

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
CONSOLIDATED

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	813		$	818		$	826		$	850		$	865			6	%		2	%	$	2,383		$	2,541			7	%
Tax-exempt		122			124			128			131			130			7	%		(1	%)		364			389			7	%
Total fixed maturities		935			942			954			981			995			6	%		1	%		2,747			2,930			7	%
Equities
Available-for-sale		11			9			12			11			16			45	%		45	%		29			39			34	%
Trading securities		(174	)		416			221			303			1,500		NM			NM				383			2,024		NM
Total equities		(163	)		425			233			314			1,516		NM			NM				412			2,063		NM
Mortgage loans		16			16			17			19			22			38	%		16	%		43			58			35	%
Real estate		1			4			—			2			—			(100	%)		(100	%)		2			2			—
Policy loans		46			48			36			36			36			(22	%)		—			138			108			(22	%)
Limited partnerships		7			22			18			19			47		NM				147	%		20			84		NM
Other		37			50			48			15			22			(41	%)		47	%		129			85			(34	%)
Subtotal		879			1,507			1,306			1,386			2,638		NM				90	%		3,491			5,330			53	%
Less: Investment expense		13			18			13			16			14			8	%		(13	%)		37			43			16	%
Total net investment income	$	866		$	1,489		$	1,293		$	1,370		$	2,624		NM				92	%	$	3,454		$	5,287			53	%
Less: Trading securities		(174	)		416			221			303			1,500		NM			NM				383			2,024		NM
Total net investment income excluding trading securities	$	1,040		$	1,073		$	1,072		$	1,067		$	1,124			8	%		5	%	$	3,071		$	3,263			6	%
Investment yield, before-tax [2]		5.7	%		5.7	%		5.6	%		5.6	%		5.8	%		0.1			0.2			5.7	%		5.7	%		—
Investment yield, after-tax [2]		3.9	%		3.9	%		3.9	%		3.8	%		4.0	%		0.1			0.2			3.9	%		3.9	%		—
Net Realized Capital Gains (Losses)
Fixed maturities	$	64		$	79		$	92		$	35		$	6			(91	%)		(83	%)	$	218		$	133			(39	%)
Equities		—			(7	)		—			—			(1	)		—			—			10			(1	)	NM
GMWB derivatives, net		—			4			7			1			(1	)		—		NM				4			7			75	%
Other [3]		(20	)		(40	)		29			(53	)		(37	)		(85	%)		30	%		8			(61	)	NM
Total net realized capital gains (losses)	$	44		$	36		$	128		$	(17	)	$	(33	)	NM				(94	%)	$	240		$	78			(68	%)
Gross gains on sale	$	104		$	160		$	160		$	163		$	123			18	%		(25	%)	$	409		$	446			9	%
Gross losses on sale		(34	)		(76	)		(67	)		(118	)		(98	)		(188	%)		17	%		(154	)		(283	)		(84	%)
Impairments		(6	)		(14	)		(1	)		(10	)		(20	)	NM				(100	%)		(24	)		(31	)		(29	%)
GMWB derivatives, net		—			4			7			1			(1	)		—		NM				4			7			75	%
Other net gain (loss) [3]		(20	)		(38	)		29			(53	)		(37	)		(85	%)		30	%		5			(61	)	NM
Total net realized capital gains (losses)	$	44		$	36		$	128		$	(17	)	$	(33	)	NM				(94	%)	$	240		$	78			(68	%)

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes trading securities, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments, foreign currency transaction of deferred acquisition costs associated with realized capital gains.

I-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
LIFE

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	608		$	608		$	612		$	635		$	641			5	%		1	%	$	1,779		$	1,888			6	%
Tax-exempt		27			27			27			28			29			7	%		4	%		79			84			6	%
Total fixed maturities		635			635			639			663			670			6	%		1	%		1,858			1,972			6	%
Equities
Available-for-sale		9			7			9			8			10			11	%		25	%		23			27			17	%
Trading securities		(174	)		416			221			303			1,500		NM			NM				383			2,024		NM
Total equities		(165	)		423			230			311			1,510		NM			NM				406			2,051		NM
Mortgage loans		12			13			14			16			20			67	%		25	%		32			50			56	%
Policy loans		46			48			36			36			36			(22	%)		—			138			108			(22	%)
Limited partnerships		1			11			7			5			36		NM			NM				9			48		NM
Other		31			33			33			16			10			(68	%)		(38	%)		104			59			(43	%)
Subtotal		560			1,163			959			1,047			2,282		NM				118	%		2,547			4,288			68	%
Less: Investment expense		8			12			9			11			11			38	%		—			23			31			35	%
Total net investment income	$	552		$	1,151		$	950		$	1,036		$	2,271		NM				119	%	$	2,524		$	4,257			69	%
Less: Trading securities		(174	)		416			221			303			1,500		NM			NM				383			2,024		NM
Total net investment income excluding trading securities	$	726		$	735		$	729		$	733		$	771			6	%		5	%	$	2,141		$	2,233			4	%
Investment yield, before-tax [2]		5.8	%		5.7	%		5.6	%		5.6	%		5.8	%		—			0.2			5.8	%		5.7	%		(0.1	)
Investment yield, after-tax [2]		3.9	%		3.8	%		3.7	%		3.7	%		3.9	%		—			0.2			3.8	%		3.8	%		—
Net Realized Capital Gains (Losses)
Fixed maturities	$	45		$	57		$	49		$	34		$	1			(98	%)		(97	%)	$	124		$	84			(32	%)
Equities		—			(3	)		—			—			—			—			—			8			—			(100	%)
GMWB derivatives, net		—			4			7			1			(1	)		—		NM				4			7			75	%
Other [3]		(17	)		(39	)		25			(51	)		(35	)		(106	%)		31	%		(6	)		(61	)	NM
Total net realized capital gains (losses)	$	28		$	19		$	81		$	(16	)	$	(35	)	NM				(119	%)	$	130		$	30			(77	%)
Gross gains on sale	$	74		$	101		$	98		$	123		$	89			20	%		(28	%)	$	258		$	310			20	%
Gross losses on sale		(24	)		(35	)		(48	)		(84	)		(72	)	NM				14	%		(112	)		(204	)		(82	%)
Impairments		(4	)		(9	)		(1	)		(5	)		(16	)	NM			NM				(16	)		(22	)		(38	%)
GMWB derivatives, net		—			4			7			1			(1	)		—		NM				4			7			75	%
Other net gain (loss) [3]		(18	)		(42	)		25			(51	)		(35	)		(94	%)		31	%		(4	)		(61	)	NM
Total net realized capital gains (losses)	$	28		$	19		$	81		$	(16	)	$	(35	)	NM				(119	%)	$	130		$	30			(77	%)

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes trading securities, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments, foreign currency transaction of deferred acquisition costs associated with realized capital gains.

I-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
PROPERTY & CASUALTY

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2004			2004			2005			2005			2005			Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	204		$	210		$	212		$	213		$	220			8	%		3	%	$	603		$	645			7	%
Tax-exempt		95			97			101			103			101			6	%		(2	%)		285			305			7	%
Total fixed maturities		299			307			313			316			321			7	%		2	%		888			950			7	%
Equities		2			2			3			3			6		NM				100	%		6			12			100	%
Mortgage loans		4			3			3			3			2			(50	%)		(33	%)		11			8			(27	%)
Real estate		1			4			—			2			—			(100	%)		(100	%)		2			2			—
Limited partnerships		6			11			11			14			11			83	%		(21	%)		11			36		NM
Other		2			12			11			(5	)		12		NM			NM				11			18			64	%
Subtotal		314			339			341			333			352			12	%		6	%		929			1,026			10	%
Less: Investment expense		5			6			4			5			3			(40	%)		(40	%)		14			12			(14	%)
Total net investment income	$	309		$	333		$	337		$	328		$	349			13	%		6	%	$	915		$	1,014			11	%
Investment yield, before-tax [2]		5.4	%		5.7	%		5.6	%		5.4	%		5.6	%		0.2			0.2			5.4	%		5.5	%		0.1
Investment yield, after-tax [2]		4.0	%		4.2	%		4.2	%		4.0	%		4.2	%		0.2			0.2			4.0	%		4.1	%		0.1
Net Realized Capital Gains (Losses)
Fixed maturities	$	19		$	22		$	43		$	1		$	5			(74	%)	NM			$	94		$	49			(48	%)
Equities		—			(4	)		—			—			(1	)		—			—			2			(1	)	NM
Other [3]		(1	)		(1	)		5			(1	)		(2	)		(100	%)		(100	%)		20			2			(90	%)
Total net realized capital gains (losses)	$	18		$	17		$	48		$	—		$	2			(89	%)		—		$	116		$	50			(57	%)
Gross gains on sale	$	30		$	59		$	62		$	40		$	34			13	%		(15	%)	$	151		$	136			(10	%)
Gross losses on sale		(10	)		(41	)		(19	)		(34	)		(26	)		(160	%)		24	%		(42	)		(79	)		(88	%)
Impairments		(2	)		(5	)		—			(5	)		(4	)		(100	%)		20	%		(8	)		(9	)		(13	%)
Other net gain (loss) [3]		—			4			5			(1	)		(2	)		—			(100	%)		15			2			(87	%)
Total net realized capital gains (losses)	$	18		$	17		$	48		$	—		$	2			(89	%)		—		$	116		$	50			(57	%)

[1]	Includes income on short-term bonds.
[2]	The investment yield calculation excludes the collateral received associated with the securities lending program.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments and foreign currency transaction remeasurements.

I-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
CORPORATE

														Year Over
	THREE MONTHS ENDED													Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,		March 31,			June 30,			Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2004			2004		2005			2005			2005		Change			Change			2004			2005			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	1		$	—	$	2		$	2		$	4	NM				100	%	$	1		$	8		NM
Total fixed maturities		1			—		2			2			4	NM				100	%		1			8		NM
Other [2]		4			5		4			4			—		(100	%)		(100	%)		14			8			(43	%)
Total net investment income	$	5		$	5	$	6		$	6		$	4		(20	%)		(33	%)	$	15		$	16			7	%
Net Realized Capital Gains (Losses)
Other net gain (loss) [3]	$	(2	)	$	—	$	(1	)	$	(1	)	$	—		100	%		100	%		(6	)		(2	)		67	%

[1]	Includes income on bonds.
[2]	In connection with the HLI Repurchase, the carrying value of the purchased fixed maturity investments was adjusted to fair market value as of the date of the repurchase. The amortization of the adjustment to the fixed maturity investments’ carrying values is reported in Corporate’s net investment income. The amortization period concluded on June 30, 2005.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
CONSOLIDATED

	September 30,					December 31,					March 31,					June 30,					September 30,
	2004					2004					2005					2005					2005
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	74,276		82.2	%	$	75,100		79.6	%	$	75,215		77.9	%	$	76,554		76.1	%	$	76,461		73.8	%
Equity securities, at fair value
Available-for-sale		650		0.7	%		832		0.9	%		1,089		1.1	%		1,382		1.4	%		1,401		1.4	%
Trading securities		10,685		11.8	%		13,634		14.4	%		15,855		16.5	%		17,955		17.8	%		21,247		20.5	%
Total equity securities, at fair value		11,335		12.5	%		14,466		15.3	%		16,944		17.6	%		19,337		19.2	%		22,648		21.9	%
Policy loans, at outstanding balance		2,665		2.9	%		2,662		2.8	%		2,119		2.2	%		2,140		2.1	%		2,009		1.9	%
Real estate/Mortgage loans, at cost		1,052		1.2	%		1,176		1.2	%		1,177		1.2	%		1,343		1.4	%		1,355		1.3	%
Limited partnerships, at fair value		412		0.5	%		433		0.5	%		459		0.5	%		524		0.5	%		564		0.5	%
Other investments [2]		632		0.7	%		571		0.6	%		594		0.6	%		726		0.7	%		580		0.6	%
Total investments	$	90,372		100.0	%	$	94,408		100.0	%	$	96,508		100.0	%	$	100,624		100.0	%	$	103,617		100.0	%
Less: Trading securities		10,685		11.8	%		13,634		14.4	%		15,855		16.5	%		17,955		17.8	%		21,247		20.5	%
Total investments excluding trading securities	$	79,687		88.2	%	$	80,774		85.6	%	$	80,653		83.5	%	$	82,669		82.2	%	$	82,370		79.5	%
HIMCO managed third party accounts	$	3,274				$	3,893				$	3,928				$	4,832				$	4,640
Asset-backed securities (“ABS”)	$	6,961		9.4	%	$	7,469		9.9	%	$	7,438		9.9	%	$	7,906		10.3	%	$	8,029		10.5	%
Commercial mortgage-backed securities (“CMBS”)		11,917		16.0	%		11,748		15.6	%		11,640		15.5	%		12,299		16.1	%		12,641		16.5	%
Collateralized mortgage obligation (“CMO”)		1,124		1.5	%		1,227		1.6	%		1,155		1.5	%		1,118		1.5	%		1,079		1.4	%
Corporate		33,904		45.7	%		34,153		45.6	%		34,743		46.2	%		35,426		46.3	%		34,388		45.0	%
Government/Government agencies — Foreign		1,645		2.2	%		1,796		2.4	%		1,596		2.1	%		1,483		1.9	%		1,468		1.9	%
Government/Government agencies — U.S.		1,115		1.5	%		1,132		1.5	%		1,142		1.5	%		848		1.1	%		1,071		1.4	%
Mortgage-backed securities (“MBS”) — agency		2,476		3.4	%		2,799		3.7	%		3,292		4.4	%		3,525		4.6	%		3,480		4.5	%
Municipal — taxable		897		1.2	%		944		1.3	%		1,022		1.4	%		1,188		1.5	%		1,199		1.6	%
Municipal — tax-exempt		10,307		13.9	%		10,393		13.8	%		10,237		13.6	%		10,436		13.6	%		11,081		14.5	%
Redeemable preferred stock		37		—			39		0.1	%		37		—			42		0.1	%		41		0.1	%
Short-term		3,893		5.2	%		3,400		4.5	%		2,913		3.9	%		2,283		3.0	%		1,984		2.6	%
Total fixed maturities [1]	$	74,276		100.0	%	$	75,100		100.0	%	$	75,215		100.0	%	$	76,554		100.0	%	$	76,461		100.0	%
AAA	$	18,755		25.3	%	$	18,787		25.0	%	$	18,246		24.3	%	$	18,965		24.8	%	$	20,346		26.6	%
AA		8,073		10.9	%		8,546		11.4	%		9,281		12.3	%		10,207		13.3	%		9,728		12.7	%
A		18,147		24.4	%		18,131		24.2	%		17,937		23.8	%		18,693		24.4	%		19,216		25.1	%
BBB		17,668		23.8	%		17,904		23.8	%		18,492		24.6	%		18,175		23.7	%		17,102		22.4	%
Government		4,713		6.3	%		5,160		6.9	%		5,465		7.3	%		5,413		7.1	%		5,199		6.8	%
BB & below		3,027		4.1	%		3,172		4.2	%		2,881		3.8	%		2,818		3.7	%		2,886		3.8	%
Short-term		3,893		5.2	%		3,400		4.5	%		2,913		3.9	%		2,283		3.0	%		1,984		2.6	%
Total fixed maturities [1]	$	74,276		100.0	%	$	75,100		100.0	%	$	75,215		100.0	%	$	76,554		100.0	%	$	76,461		100.0	%

[1]	Includes $144, $159, $208, $281 and $352 in Corporate at September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, respectively, of which $114, $152, $201, $130 and $114, respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	Includes $10, $7, $1, $7 and $2 in Corporate at September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, respectively.

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
LIFE

	September 30,					December 31,					March 31,					June 30,					September 30,
	2004					2004					2005					2005					2005
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	50,200		76.9	%	$	50,531		73.5	%	$	50,877		71.7	%	$	51,723		69.5	%	$	51,115		66.5	%
Equity securities, at fair value Available-for-sale		449		0.7	%		525		0.8	%		662		0.9	%		793		1.1	%		797		1.1	%
Trading securities		10,685		16.4	%		13,634		19.8	%		15,855		22.3	%		17,955		24.1	%		21,247		27.6	%
Total equity securities, at fair value		11,134		17.1	%		14,159		20.6	%		16,517		23.2	%		18,748		25.2	%		22,044		28.7	%
Policy loans, at outstanding balance		2,665		4.0	%		2,662		3.9	%		2,119		3.0	%		2,140		2.9	%		2,009		2.6	%
Real estate/Mortgage loans, at cost		783		1.2	%		923		1.3	%		979		1.4	%		1,148		1.6	%		1,178		1.5	%
Limited partnerships, at fair value		242		0.4	%		256		0.4	%		273		0.4	%		309		0.4	%		369		0.5	%
Other investments		262		0.4	%		185		0.3	%		207		0.3	%		318		0.4	%		181		0.2	%
Total investments	$	65,286		100.0	%	$	68,716		100.0	%	$	70,972		100.0	%	$	74,386		100.0	%	$	76,896		100.0	%
Less: Trading securities		10,685		16.4	%		13,634		19.8	%		15,855		22.3	%		17,955		24.1	%		21,247		27.6	%
Total investments excluding trading securities	$	54,601		83.6	%	$	55,082		80.2	%	$	55,117		77.7	%	$	56,431		75.9	%	$	55,649		72.4	%
ABS	$	5,908		11.8	%	$	6,358		12.6	%	$	6,426		12.6	%	$	6,772		13.1	%	$	6,983		13.7	%
CMBS		9,127		18.2	%		8,806		17.4	%		8,588		16.9	%		8,930		17.3	%		9,187		18.0	%
CMO		982		2.0	%		1,092		2.2	%		1,027		2.0	%		996		1.9	%		941		1.8	%
Corporate		25,392		50.5	%		25,532		50.5	%		25,932		51.0	%		26,038		50.3	%		25,042		49.0	%
Government/Government agencies — Foreign		785		1.6	%		788		1.6	%		775		1.5	%		729		1.4	%		753		1.5	%
Government/Government agencies — U.S.		877		1.7	%		898		1.8	%		927		1.8	%		700		1.4	%		834		1.6	%
MBS — agency		1,633		3.3	%		1,788		3.5	%		2,250		4.4	%		2,481		4.8	%		2,413		4.7	%
Municipal — taxable		680		1.4	%		725		1.4	%		808		1.6	%		965		1.9	%		990		1.9	%
Municipal — tax-exempt		2,264		4.4	%		2,270		4.5	%		2,260		4.5	%		2,478		4.8	%		2,486		4.9	%
Redeemable preferred stock		12		—			13		—			12		—			14		—			13		—
Short-term		2,540		5.1	%		2,261		4.5	%		1,872		3.7	%		1,620		3.1	%		1,473		2.9	%
Total fixed maturities	$	50,200		100.0	%	$	50,531		100.0	%	$	50,877		100.0	%	$	51,723		100.0	%	$	51,115		100.0	%
AAA	$	10,554		21.0	%	$	10,282		20.4	%	$	10,008		19.6	%	$	10,596		20.5	%	$	11,311		22.1	%
AA		4,875		9.7	%		5,275		10.4	%		5,986		11.8	%		6,565		12.7	%		6,156		12.1	%
A		13,529		27.0	%		13,531		26.8	%		13,242		26.0	%		13,543		26.2	%		13,924		27.2	%
BBB		13,300		26.5	%		13,447		26.6	%		13,945		27.4	%		13,616		26.3	%		12,710		24.9	%
Government		3,514		7.0	%		3,803		7.5	%		4,111		8.1	%		4,130		8.0	%		3,887		7.6	%
BB & below		1,888		3.8	%		1,932		3.8	%		1,713		3.4	%		1,653		3.2	%		1,654		3.2	%
Short-term		2,540		5.0	%		2,261		4.5	%		1,872		3.7	%		1,620		3.1	%		1,473		2.9	%
Total fixed maturities	$	50,200		100.0	%	$	50,531		100.0	%	$	50,877		100.0	%	$	51,723		100.0	%	$	51,115		100.0	%

I-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
PROPERTY & CASUALTY

	September 30,					December 31,					March 31,					June 30,					September 30,
	2004					2004					2005					2005					2005
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	23,932		96.0	%	$	24,410		95.6	%	$	24,130		95.3	%	$	24,550		94.6	%	$	24,994		94.8	%
Equity securities, available-for-sale, at fair value		201		0.8	%		307		1.2	%		427		1.7	%		589		2.3	%		604		2.3	%
Real estate/Mortgage loans, at cost		269		1.1	%		253		1.0	%		198		0.8	%		195		0.8	%		177		0.7	%
Limited partnerships, at fair value		170		0.7	%		177		0.7	%		186		0.7	%		215		0.8	%		195		0.7	%
Other investments		360		1.4	%		379		1.5	%		386		1.5	%		401		1.5	%		397		1.5	%
Total investments	$	24,932		100.0	%	$	25,526		100.0	%	$	25,327		100.0	%	$	25,950		100.0	%	$	26,367		100.0	%
ABS	$	1,053		4.4	%	$	1,111		4.5	%	$	1,012		4.2	%	$	1,134		4.6	%	$	1,046		4.2	%
CMBS		2,790		11.7	%		2,942		12.1	%		3,052		12.6	%		3,369		13.7	%		3,454		13.8	%
CMO		142		0.6	%		135		0.6	%		128		0.5	%		122		0.5	%		138		0.6	%
Corporate		8,512		35.5	%		8,621		35.3	%		8,811		36.5	%		9,189		37.4	%		9,085		36.3	%
Government/Government agencies — Foreign		860		3.6	%		1,008		4.1	%		821		3.4	%		754		3.1	%		715		2.9	%
Government/Government agencies — U.S.		238		1.0	%		234		1.0	%		215		0.9	%		148		0.6	%		237		0.9	%
MBS — agency		843		3.5	%		1,011		4.1	%		1,042		4.3	%		1,044		4.3	%		1,067		4.3	%
Municipal — taxable		217		0.9	%		219		0.9	%		214		0.9	%		223		0.9	%		209		0.8	%
Municipal — tax-exempt		8,043		33.6	%		8,123		33.3	%		7,977		33.1	%		7,958		32.4	%		8,595		34.4	%
Redeemable preferred stock		25		0.1	%		26		0.1	%		25		0.1	%		28		0.1	%		28		0.1	%
Short-term		1,209		5.1	%		980		4.0	%		833		3.5	%		581		2.4	%		420		1.7	%
Total fixed maturities	$	23,932		100.0	%	$	24,410		100.0	%	$	24,130		100.0	%	$	24,550		100.0	%	$	24,994		100.0	%
AAA	$	8,201		34.3	%	$	8,505		34.8	%	$	8,238		34.1	%	$	8,354		34.0	%	$	9,018		36.1	%
AA		3,198		13.4	%		3,271		13.4	%		3,295		13.7	%		3,549		14.5	%		3,452		13.8	%
A		4,618		19.2	%		4,600		18.8	%		4,695		19.5	%		5,060		20.6	%		5,179		20.7	%
BBB		4,368		18.2	%		4,457		18.3	%		4,547		18.8	%		4,558		18.6	%		4,381		17.5	%
Government		1,199		5.0	%		1,357		5.6	%		1,354		5.6	%		1,283		5.2	%		1,312		5.3	%
BB & below		1,139		4.8	%		1,240		5.1	%		1,168		4.8	%		1,165		4.7	%		1,232		4.9	%
Short-term		1,209		5.1	%		980		4.0	%		833		3.5	%		581		2.4	%		420		1.7	%
Total fixed maturities	$	23,932		100.0	%	$	24,410		100.0	%	$	24,130		100.0	%	$	24,550		100.0	%	$	24,994		100.0	%

I-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
CONSOLIDATED [1]

	September 30, 2005							December 31, 2004
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS [2] Securities
Three months or less	$	20,132	$	19,866	$	(266	)	$	7,572	$	7,525	$	(47	)
Greater than three months to six months		1,263		1,230		(33	)		573		567		(6	)
Greater than six months to nine months		3,221		3,141		(80	)		3,405		3,342		(63	)
Greater than nine months to twelve months		1,884		1,838		(46	)		462		445		(17	)
Greater than twelve months		3,641		3,461		(180	)		2,417		2,285		(132	)
Total	$	30,141	$	29,536	$	(605	)	$	14,429	$	14,164	$	(265	)
BIG [3] and Equity AFS [2] Securities
Three months or less	$	708	$	693	$	(15	)	$	326	$	322	$	(4	)
Greater than three months to six months		205		196		(9	)		33		32		(1	)
Greater than six months to nine months		54		51		(3	)		174		165		(9	)
Greater than nine months to twelve months		83		77		(6	)		81		75		(6	)
Greater than twelve months		313		268		(45	)		285		240		(45	)
Total	$	1,363	$	1,285	$	(78	)	$	899	$	834	$	(65	)

[1]	As of September 30, 2005, fixed maturities represented $600, or 99%, of the Company’s total unrealized loss of available-for-sale securities. There were no fixed maturities as of September 30, 2005 with a fair value less than 80% of the security’s amortized cost basis for six continuous months other than certain asset-backed and commercial mortgage-backed securities. Other than temporary impairments for certain asset-backed and commercial mortgage-backed securities are recognized if the fair value of the security is less than its carrying amount and there has been a decrease in the present value of the expected cash flows since the last reporting period. There were no asset-backed or commercial mortgage-backed securities included in the tables above, as of September 30, 2005 and December 31, 2004, for which management’s best estimate of future cash flows adversely changed during the reporting period for which an impairment has not been recorded. For a detailed discussion of the other than temporary impairment criteria, see “Valuation of Investments and Derivative Instruments and Evaluation of Other-Than-Temporary Impairments” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2004 Form 10-K Annual Report.
[2]	Represents available-for-sale (“AFS”) securities.
[3]	Represents below investment grade (“BIG”) securities.

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
LIFE

	September 30, 2005							December 31, 2004
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	12,993	$	12,819	$	(174	)	$	5,560	$	5,528	$	(32	)
Greater than three months to six months		1,026		1,003		(23	)		474		470		(4	)
Greater than six months to nine months		2,369		2,313		(56	)		2,277		2,237		(40	)
Greater than nine months to twelve months		1,338		1,305		(33	)		399		383		(16	)
Greater than twelve months		2,279		2,159		(120	)		1,415		1,323		(92	)
Total	$	20,005	$	19,599	$	(406	)	$	10,125	$	9,941	$	(184	)
BIG and Equity AFS Securities
Three months or less	$	381	$	372	$	(9	)	$	206	$	203	$	(3	)
Greater than three months to six months		145		137		(8	)		14		13		(1	)
Greater than six months to nine months		28		26		(2	)		128		120		(8	)
Greater than nine months to twelve months		54		49		(5	)		79		73		(6	)
Greater than twelve months		251		210		(41	)		225		184		(41	)
Total	$	859	$	794	$	(65	)	$	652	$	593	$	(59	)

I-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
PROPERTY & CASUALTY

	September 30, 2005							December 31, 2004
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	7,139	$	7,047	$	(92	)	$	2,012	$	1,997	$	(15	)
Greater than three months to six months		237		227		(10	)		99		97		(2	)
Greater than six months to nine months		852		828		(24	)		1,128		1,105		(23	)
Greater than nine months to twelve months		546		533		(13	)		63		62		(1	)
Greater than twelve months		1,362		1,302		(60	)		1,002		962		(40	)
Total	$	10,136	$	9,937	$	(199	)	$	4,304	$	4,223	$	(81	)
BIG and Equity AFS Securities
Three months or less	$	327	$	321	$	(6	)	$	120	$	119	$	(1	)
Greater than three months to six months		60		59		(1	)		19		19		—
Greater than six months to nine months		26		25		(1	)		46		45		(1	)
Greater than nine months to twelve months		29		28		(1	)		2		2		—
Greater than twelve months		62		58		(4	)		60		56		(4	)
Total	$	504	$	491	$	(13	)	$	247	$	241	$	(6	)

I-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF SEPTEMBER 30, 2005

	LIFE
			Percent of
			Total
	Fair		Invested
	Value		Assets
TOP TEN CORPORATE FIXED MATURITY EXPOSURES BY SECTOR
Financial services	$	7,014		9.1	%
Technology and communications		3,322		4.3	%
Utilities		2,748		3.6	%
Consumer non cyclical		2,484		3.2	%
Basic industry		2,371		3.1	%
Consumer cyclical		2,266		2.9	%
Capital goods		1,821		2.4	%
Energy		1,287		1.7	%
Other		1,071		1.4	%
Transportation		658		0.9	%
Total	$	25,042		32.6	%
TOP TEN EXPOSURES BY ISSUER [2]
JPMorgan Chase & Co.	$	258		0.4	%
Royal Bank of Scotland Group plc		251		0.3	%
SBC Communications Inc.		250		0.3	%
HSBC Holdings plc		247		0.3	%
Bank of America Corp.		204		0.3	%
Barclays Bank PLC		190		0.3	%
Credit Suisse Group		185		0.2	%
Verizon Communications, Inc.		180		0.2	%
Citigroup Inc.		174		0.2	%
BNP Paribas		160		0.2	%
Total	$	2,099		2.7	%

	P&C
			Percent of
			Total
	Fair		Invested
	Value		Assets
TOP TEN CORPORATE FIXED MATURITY EXPOSURES BY SECTOR
Financial services	$	2,473		9.4	%
Technology and communications		1,368		5.2	%
Utilities		1,172		4.4	%
Consumer non cyclical		913		3.5	%
Basic industry		818		3.1	%
Consumer cyclical		726		2.8	%
Capital goods		617		2.3	%
Energy		520		2.0	%
Other		257		1.0	%
Transportation		221		0.8	%
Total	$	9,085		34.5	%
TOP TEN EXPOSURES BY ISSUER [2]
State of California	$	254		1.0	%
State of Massachusetts		212		0.8	%
State of Georgia		202		0.8	%
New York City, NY		197		0.7	%
The Goldman Sachs Group, Inc.		143		0.5	%
SLM Corporation		135		0.5	%
JPMorgan Chase & Co.		126		0.5	%
Puerto Rico Public Buildings Authority		120		0.5	%
Mass. Bay Transportation Authority		117		0.4	%
Chicago, IL		110		0.4	%
Total	$	1,616		6.1	%

	CONSOLIDATED [1]
			Percent of
			Total
	Fair		Invested
	Value		Assets
TOP TEN CORPORATE FIXED MATURITY EXPOSURES BY SECTOR
Financial services	$	9,685		9.4	%
Technology and communications		4,696		4.5	%
Utilities		3,921		3.8	%
Consumer non cyclical		3,397		3.3	%
Basic industry		3,208		3.1	%
Consumer cyclical		3,011		2.9	%
Capital goods		2,456		2.4	%
Energy		1,807		1.7	%
Other		1,328		1.3	%
Transportation		879		0.8	%
Total	$	34,388		33.2	%
TOP TEN EXPOSURES BY ISSUER [2]
State of California	$	403		0.4	%
JPMorgan Chase & Co.		384		0.4	%
SBC Communications Inc.		355		0.3	%
State of Massachusetts		349		0.3	%
HSBC Holdings plc		323		0.3	%
Royal Bank of Scotland Group plc		293		0.3	%
The Goldman Sachs Group, Inc.		284		0.3	%
Barclays Bank PLC		264		0.3	%
New York City, NY		239		0.2	%
News Corp, Inc.		238		0.2	%
Total	$	3,132		3.0	%

[1]	Includes investments held in Corporate.
[2]	Excludes U.S. government and government agency backed securities as well as securities classified as trading securities.

I-11