EX-99.1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

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

As of April 26, 2006


	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

TRANSFER AGENT
The Bank of New York
Shareholder Relations Department — 12E
P.O. Box 11258
Church Street Station
New York, NY 10286
1 (800) 254-2823

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.

BASIS OF PRESENTATION

		DEFINITIONS AND PRESENTATION

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

•		Life is organized into six reportable operating segments: Retail Products Group, Retirement Plans, Institutional Solutions Group, Individual Life, Group Benefits and International. Life also includes in an Other category its leveraged PPLI product line of business; corporate items not directly allocated to any of its reportable operating segments; net realized capital gains and losses on fixed maturity sales generated from movements in interest rates, less amortization of those gains or losses back to the reportable segments; net realized capital gains and losses generated from credit related events, less a credit risk fee charged to the reportable segments; net realized capital gains and losses from non-qualifying derivative strategies (including embedded derivatives) other than the net periodic coupon settlements on credit derivatives and the net periodic coupon settlements on the cross currency swap used to economically hedge currency and interest rate risk generated from sales of the Life’s yen based fixed annuity, which are allocated to the reportable segments; the mark-to-market adjustment for the equity securities held for trading reported in net investment income and the related change in interest credited reported as a component of benefits, claims and claim adjustment expenses since these items are not considered by Life’s chief operating decision maker in evaluating the International results of operations; and intersegment eliminations.

•		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. The profitability of the Business Insurance, Personal Lines and Specialty Commercial segments are evaluated primarily based on underwriting results. The Company allocates income and expense items not directly attributed to the underwriting segments, such as net investment income, net realized capital gains and losses, other expenses and income taxes, to Ongoing Operations and Other Operations, respectively. The profitability of Ongoing Operations and the Other Operations segment is evaluated based on net income.

•		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, net flows, 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 March 31, 2006 presentation.

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

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 core earnings as an important measure of the Company’s operating performance. The Company believes the measure core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because core earnings excludes the cumulative effect of accounting changes and the effect of all realized gains and losses (net of tax and the effects of deferred policy acquisition costs) that tend to be highly variable from period to period based on capital market conditions. Core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives and net periodic settlements on the Japan fixed annuity cross-currency swap because these net realized gains and losses are directly related to an offsetting item included in the income statement, such as net investment income. Net income is the most directly comparable GAAP measure. A reconciliation of net income to core earnings for the periods presented herein is set forth on page C-7. Core earnings 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 core earnings per share for the periods presented herein is set forth on page C-7.

•		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. A reconciliation of written premiums to earned premiums for the periods presented herein is set forth at page PC-2.

•		The profitability of the Business Insurance, Personal Lines and Specialty Commercial 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. Net income is the most directly comparable GAAP measure. 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. The Hartford believes that underwriting results provides investors with a valuable measure of before-tax profitability derived from underwriting activities, which are managed separately from the Company’s investing activities. Underwriting results is also presented for Ongoing Operations, Other Operations and total Property & Casualty. A reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations is set forth on pages PC-2, PC-3 and PC-13, respectively.

•		A catastrophe is a severe loss, resulting from natural or 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 (core earnings last twelve months to equity excluding AOCI) and ROE (core earnings, before tax related items, last twelve months to equity excluding AOCI), are calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. ROE (core earnings, before tax related items, last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings, 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 core earnings 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.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED FINANCIAL RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			June 30,			Sept 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
HIGHLIGHTS
Net income	$	666		$	602		$	539		$	467		$	728			9	%		56	%
Core earnings	$	582		$	606		$	556		$	498		$	797			37	%		60	%
Total revenues	$	6,002		$	6,064		$	7,307		$	7,710		$	6,543			9	%		(15	%)
Total assets	$	261,420		$	268,382		$	280,465		$	285,557		$	295,375			13	%		3	%
Total assets under management [1]	$	293,311		$	302,625		$	315,871		$	322,972		$	336,484			15	%		4	%



PER SHARE AND SHARES DATA
Basic earnings per share
Net income	$	2.26		$	2.03		$	1.80		$	1.55		$	2.41			7	%		55	%
Core earnings	$	1.97		$	2.04		$	1.86		$	1.66		$	2.64			34	%		59	%
Diluted earnings per share
Net income	$	2.21		$	1.98		$	1.76		$	1.51		$	2.34			6	%		55	%
Core earnings	$	1.93		$	1.99		$	1.81		$	1.61		$	2.56			33	%		59	%
Weighted average common shares outstanding (basic)		294.8			297.1			299.2			300.7			302.2			7.4	sh		1.5	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		301.3			303.9			307.0			310.0			310.9			9.6	sh		0.9	sh
Common shares outstanding		296.5			298.7			300.1			302.2			303.0			6.5	sh		0.8	sh
Book value per share	$	47.93		$	52.19		$	51.02		$	50.71		$	50.86			6	%		—
Per share impact of AOCI	$	2.33		$	4.75		$	1.98		$	0.30		$	(1.51	)	NM			NM
Book value per share (excluding AOCI)	$	45.60		$	47.44		$	49.04		$	50.41		$	52.37			15	%		4	%



FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [2]		16.0	%		17.1	%		16.8	%		15.4	%		15.8	%		(0.2	)		0.4
ROE (core earnings last 12 months to equity excluding AOCI) [2]		16.5	%		17.4	%		17.4	%		16.0	%		16.7	%		0.2			0.7
ROE (core earnings, before tax related items, last 12 months to equity excluding AOCI) [2]		14.8	%		15.7	%		17.4	%		16.0	%		16.7	%		1.9			0.7
Debt to capitalization including AOCI		25.7	%		23.1	%		23.4	%		23.7	%		23.6	%		(2.1	)		(0.1	)
Investment yield, after-tax		3.9	%		3.8	%		4.0	%		3.9	%		3.9	%		—			—
Ongoing Property & Casualty GAAP combined ratio		88.6			87.0			97.9			99.2			88.8			(0.2	)		10.4


[1]		Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-5).

[2]		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
	Mar. 31,			June 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
LIFE
Retail Products Group
Individual Annuity	$	136		$	141		$	158		$	183		$	160			18	%		(13	%)
Other Retail [1]		12			(14	)		14			(8	)		16			33	%	NM

Total Retail Products Group		148			127			172			175			176			19	%		1	%
Retirement Plans		17			17			20			21			21			24	%		—
Institutional Solutions Group		21			21			24			22			22			5	%		—
Individual Life		39			39			45			43			45			15	%		5	%
Group Benefits		59			64			68			81			68			15	%		(16	%)
International		14			21			28			33			46		NM				39	%
Other [2] [3] [4]		(61	)		(9	)		7			(56	)		40		NM			NM

Total Life core earnings	$	237		$	280		$	364		$	319		$	418			76	%		31	%

PROPERTY & CASUALTY
Ongoing Operations
Ongoing Operations Underwriting Results
Business Insurance	$	118		$	141		$	125		$	12		$	134			14	%	NM
Personal Lines		127			188			71			74			106			(17	%)		43	%
Specialty Commercial		40			5			(143	)		(67	)		47			18	%	NM

Total Ongoing Operations underwriting results		285			334			53			19			287			1	%	NM
Net servicing income		13			15			12			9			18			38	%		100	%
Net investment income		260			258			279			285			291			12	%		2	%
Other expenses		(59	)		(37	)		(50	)		(56	)		(53	)		10	%		5	%
Income tax expense		(149	)		(178	)		(77	)		(63	)		(157	)		(5	%)		(149	%)

Ongoing Operations core earnings	$	350		$	392		$	217		$	194		$	386			10	%		99	%

Other Operations core earnings	$	36		$	(23	)	$	15		$	26		$	35			(3	%)		35	%

Total Property & Casualty core earnings	$	386		$	369		$	232		$	220		$	421			9	%		91	%

CORPORATE
Total Corporate core earnings	$	(41	)	$	(43	)	$	(40	)	$	(41	)	$	(42	)		(2	%)		(2	%)


CONSOLIDATED
Core earnings	$	582		$	606		$	556		$	498		$	797			37	%		60	%
Add: Net realized capital gains (losses), after-tax [5]		84			(4	)		(17	)		(31	)		(69	)	NM				(123	%)

Net income	$	666		$	602		$	539		$	467		$	728			9	%		56	%


PER SHARE DATA [6]
Diluted earnings per share
Core earnings	$	1.93		$	1.99		$	1.81		$	1.61		$	2.56			33	%		59	%
Net income	$	2.21		$	1.98		$	1.76		$	1.51		$	2.34			6	%		55	%


[1]		Included in the three months ended June 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 mutual fund distribution partner. In addition, the three months ended December 31, 2005 included an expense of $22, after-tax, representing the final settlement of this matter.

[2]		Includes charges of (i) $66, after-tax, for the three months ended March 31, 2005, (ii) $36, after-tax, for the three months ended December 31, 2005, and (iii) $7, after-tax, for the three months ended March 31, 2006, to reserve for investigations by the SEC and New York Attorney General’s Office related to market timing, by the SEC related to directed brokerage, and by the New York Attorney General’s Office and the Connecticut Attorney General’s Office related to single premium group annuities.

[3]		Included in the three months ended December 31, 2005 is an expense of $18, after-tax, which is related to settlement of certain annuity contracts.

[4]		Included in the three months ended March 31, 2006 is a $34, after-tax, benefit due to a reduction in reserves related to leveraged corporate owned life insurance products following the favorable outcome of several cases during the first quarter of 2006.

[5]		Includes those net realized capital gains not included in core earnings. See page C-8 for further analysis.

[6]		See page C-7 for reconciliation of net income to core earnings.

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ANALYSIS OF OPERATING RESULTS BY SEGMENT


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			June 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
LIFE
Retail Products Group
Individual Annuity	$	136		$	141		$	158		$	183		$	160			18	%		(13	%)
Other Retail [1]		12			(14	)		14			(8	)		16			33	%	NM

Total Retail Products Group		148			127			172			175			176			19	%		1	%
Retirement Plans		17			17			20			21			21			24	%		—
Institutional Solutions Group		21			21			24			22			22			5	%		—
Individual Life		39			39			45			43			45			15	%		5	%
Group Benefits		59			64			68			81			68			15	%		(16	%)
International		14			21			28			33			46		NM				39	%
Other [2] [3] [4]		(61	)		(9	)		7			(56	)		40		NM			NM

Total Life core earnings	$	237		$	280		$	364		$	319		$	418			76	%		31	%

PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophe Impacts and Prior Year Development:
Business Insurance		135			140			147			101			159			18	%		57	%
Personal Lines		134			115			146			99			143			7	%		44	%
Specialty Commercial		55			42			25			12			20			(64	%)		67	%

Total Ongoing Operations underwriting results before catastrophe impacts and prior year development [5]		324			297			318			212			322			(1	%)		52	%
Catastrophe impacts, excluding prior year development [6]		(33	)		(37	)		(222	)		(132	)		(41	)		(24	%)		69	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		(13	)		(8	)		7			—			18		NM			NM
Other loss and loss adjustment expenses		7			82			(50	)		(61	)		(12	)	NM				80	%

Total Ongoing Operations underwriting results		285			334			53			19			287			1	%	NM
Net servicing income		13			15			12			9			18			38	%		100	%
Net investment income		260			258			279			285			291			12	%		2	%
Other expenses		(59	)		(37	)		(50	)		(56	)		(53	)		10	%		5	%
Income tax expense		(149	)		(178	)		(77	)		(63	)		(157	)		(5	%)		(149	%)

Ongoing Operations core earnings	$	350		$	392		$	217		$	194		$	386			10	%		99	%

Other Operations core earnings	$	36		$	(23	)	$	15		$	26		$	35			(3	%)		35	%

Total Property & Casualty core earnings	$	386		$	369		$	232		$	220		$	421			9	%		91	%

CORPORATE
Total Corporate core earnings	$	(41	)	$	(43	)	$	(40	)	$	(41	)	$	(42	)		(2	%)		(2	%)


CONSOLIDATED
Core earnings	$	582		$	606		$	556		$	498		$	797			37	%		60	%
Add: Net realized capital gains (losses), after-tax [7]		84			(4	)		(17	)		(31	)		(69	)	NM				(123	%)

Net income	$	666		$	602		$	539		$	467		$	728			9	%		56	%


[1]		Included in the three months ended June 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 mutual fund distribution partner. In addition, the three months ended December 31, 2005 included an expense of $22, after-tax, representing the final settlement of this matter.

[2]		Includes charges of (i) $66, after-tax, for the three months ended March 31, 2005, (ii) $36, after-tax, for the three months ended December 31, 2005, and (iii) $7, after-tax, for the three months ended March 31, 2006, to reserve for investigations by the SEC and New York Attorney General’s Office related to market timing, by the SEC related to directed brokerage, and by the New York Attorney General’s Office and the Connecticut Attorney General’s Office related to single premium group annuities.

[3]		Included in the three months ended December 31, 2005 is an expense of $18, after-tax, which is related to settlement of certain annuity contracts.

[4]		Included in the three months ended March 31, 2006 is a $34, after-tax, benefit due to a reduction in reserves related to leveraged corporate owned life insurance products following the favorable outcome of several cases during the first quarter of 2006.

[5]		The three months ended June 30, 2005 included a Citizens’ assessment of $15 ($8 in Business Insurance and $7 in Personal Lines) related to the third quarter 2004 hurricanes. The three months ended December 31, 2005 included a Citizens’ assessment of $49 ($25 in Business Insurance and $24 in Personal Lines) related to the third and fourth quarter 2005 hurricanes.

[6]		Catastrophe impacts included catastrophe losses and catastrophe treaty reinstatement premium. Catastrophe impacts for the three months ended September 30, 2005 included reinstatement premium of $60 and losses of $140 from Hurricanes Katrina and Rita. Catastrophe impacts for the three months ended December 31, 2005 included reinstatement premium of $13 and losses of $132 from Hurricane Wilma.

[7]		Includes those net realized capital gains not included in core earnings. See page C-8 for further analysis.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2006 AND 2005


	LIFE								PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	2006			2005		Change			2006		2005		Change			2006			2005			Change			2006			2005		Change
Earned premiums	$	1,273		$	999		27	%	$	2,566	$	2,507		2	%	$	—		$	—			—		$	3,839		$	3,506		9	%
Fee income		1,118			950		18	%		—		—		—			3			2			50	%		1,121			952		18	%
Net investment income
Securities available-for-sale and other		766			729		5	%		357		337		6	%		4			6			(33	%)		1,127			1,072		5	%
Equity securities held for trading [1]		454			221		105	%		—		—		—			—			—			—			454			221		105	%

Total net investment income		1,220			950		28	%		357		337		6	%		4			6			(33	%)		1,581			1,293		22	%
Other revenues		—			—		—			123		112		10	%		—			—			—			123			112		10	%
Net realized capital gains (losses)		(126	)		92	NM				5		48		(90	%)		—			(1	)		100	%		(121	)		139	NM

Total revenues		3,485			2,991		17	%		3,051		3,004		2	%		7			7			—			6,543			6,002		9	%

Benefits, claims and claim adjustment expenses [1]		2,138			1,739		23	%		1,641		1,614		2	%		—			2			(100	%)		3,779			3,355		13	%
Amortization of deferred policy acquisition costs and present value of future profits		299			291		3	%		518		492		5	%		—			—			—			817			783		4	%
Insurance operating costs and expenses		586			571		3	%		141		144		(2	%)		—			—			—			727			715		2	%
Interest expense		—			—		—			—		—		—			66			63			5	%		66			63		5	%
Other expenses		7			6		17	%		157		159		(1	%)		6			7			(14	%)		170			172		(1	%)

Total benefits and expenses		3,030			2,607		16	%		2,457		2,409		2	%		72			72			—			5,559			5,088		9	%

Income (loss) before income taxes		455			384		18	%		594		595		—			(65	)		(65	)		—			984			914		8	%

Income tax expense (benefit)		109			93		17	%		170		178		(4	%)		(23	)		(23	)		—			256			248		3	%

Net income (loss)		346			291		19	%		424		417		2	%		(42	)		(42	)		—			728			666		9	%

Less: Net realized capital gains (losses), after-tax		(72	)		54	NM				3		31		(90	%)		—			(1	)		100	%		(69	)		84	NM


Core earnings	$	418		$	237		76	%	$	421	$	386		9	%	$	(42	)	$	(41	)		(2	%)	$	797		$	582		37	%


[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.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

AS OF MARCH 31, 2006 AND DECEMBER 31, 2005


	LIFE									PROPERTY & CASUALTY							CORPORATE									CONSOLIDATED
	Mar. 31,			Dec. 31,						Mar. 31,		Dec. 31,					Mar. 31,			Dec. 31,						Mar. 31,			Dec. 31,
	2006			2005			Change			2006		2005		Change			2006			2005			Change			2006			2005		Change
Investments
Fixed maturities, available-for-sale, at fair value	$	50,571		$	50,812			—		$	24,984	$	25,330		(1	%)	$	164		$	298			(45	%)	$	75,719		$	76,440		(1	%)
Equity securities, trading, at fair value		26,057			24,034			8	%		—		—		—			—			—			—			26,057			24,034		8	%
Equity securities, available-for-sale, at fair value		820			800			3	%		719		661		9	%		—			—			—			1,539			1,461		5	%
Policy loans, at outstanding balance		2,007			2,016			—			—		—		—			—			—			—			2,007			2,016		—
Mortgage loans on real estate		1,920			1,513			27	%		225		218		3	%		—			—			—			2,145			1,731		24	%
Other investments		640			609			5	%		712		644		11	%		—			—			—			1,352			1,253		8	%

Total investments		82,015			79,784			3	%		26,640		26,853		(1	%)		164			298			(45	%)		108,819			106,935		2	%
Cash		1,104			1,001			10	%		290		272		7	%		—			—			—			1,394			1,273		10	%
Premiums receivable and agents’ balances		408			426			(4	%)		3,321		3,308		—			—			—			—			3,729			3,734		—
Reinsurance recoverables		805			800			1	%		5,261		5,560		(5	%)		—			—			—			6,066			6,360		(5	%)
Deferred policy acquisition costs and present value of future profits		9,048			8,567			6	%		1,150		1,134		1	%		1			1			—			10,199			9,702		5	%
Deferred income taxes		(414	)		(559	)		26	%		984		904		9	%		314			330			(5	%)		884			675		31	%
Goodwill		796			796			—			152		152		—			772			772			—			1,720			1,720		—
Property and equipment, net		206			198			4	%		485		485		—			—			—			—			691			683		1	%
Other assets		1,762			1,932			(9	%)		1,624		1,614		1	%		68			54			26	%		3,454			3,600		(4	%)
Separate account assets		158,419			150,875			5	%		—		—		—			—			—			—			158,419			150,875		5	%


Total assets	$	254,149		$	243,820			4	%	$	39,907	$	40,282		(1	%)	$	1,319		$	1,455			(9	%)	$	295,375		$	285,557		3	%

Future policy benefits, unpaid claims and claim adjustment expenses	$	13,163		$	12,987			1	%	$	21,974	$	22,266		(1	%)	$	—		$	—			—		$	35,137		$	35,253		—
Other policyholder funds and benefits payable		66,602			64,452			3	%		—		—		—			—			—			—			66,602			64,452		3	%
Unearned premiums		70			69			1	%		5,607		5,502		2	%		(5	)		(5	)		—			5,672			5,566		2	%
Debt [1]		—			—			—			—		—		—			4,766			4,767			—			4,766			4,767		—
Other liabilities		5,641			5,165			9	%		3,492		3,865		(10	%)		236			289			(18	%)		9,369			9,319		1	%
Separate account liabilities		158,419			150,875			5	%		—		—		—			—			—			—			158,419			150,875		5	%

Total liabilities		243,895			233,548			4	%		31,073		31,633		(2	%)		4,997			5,051			(1	%)		279,965			270,232		4	%


Equity excluding AOCI, net of tax		10,175			9,879			3	%		8,816		8,398		5	%		(3,124	)		(3,042	)		(3	%)		15,867			15,235		4	%
AOCI, net of tax		79			393			(80	%)		18		251		(93	%)		(554	)		(554	)		—			(457	)		90	NM

Total stockholders’ equity		10,254			10,272			—			8,834		8,649		2	%		(3,678	)		(3,596	)		(2	%)		15,410			15,325		1	%


Total liabilities and stockholders’ equity	$	254,149		$	243,820			4	%	$	39,907	$	40,282		(1	%)	$	1,319		$	1,455			(9	%)	$	295,375		$	285,557		3	%


[1]		Includes junior subordinated debentures.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CAPITAL STRUCTURE


																Year Over
																Year			Sequential
	Mar. 31,			June 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt)	$	622		$	620		$	620		$	719		$	721			16	%		—
Senior notes		2,581			2,336			2,336			2,337			2,337			(9	%)		—

Subtotal		3,203			2,956			2,956			3,056			3,058			(5	%)		—

Equity unit notes		1,020			1,020			1,020			1,020			1,020			—			—
Junior subordinated debentures		699			705			697			691			688			(2	%)		—


Total debt	$	4,922		$	4,681		$	4,673		$	4,767		$	4,766			(3	%)		—


STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	13,521		$	14,171		$	14,717		$	15,235		$	15,867			17	%		4	%
AOCI, net of tax		690			1,419			593			90			(457	)	NM			NM


Total stockholders’ equity	$	14,211		$	15,590		$	15,310		$	15,325		$	15,410			8	%		1	%


CAPITALIZATION
Total capitalization including AOCI, net of tax	$	19,133		$	20,271		$	19,983		$	20,092		$	20,176			5	%		—

Total capitalization excluding AOCI, net of tax	$	18,443		$	18,852		$	19,390		$	20,002		$	20,633			12	%		3	%

DEBT TO CAPITALIZATION RATIOS
Ratios Including AOCI
Total debt to capitalization		25.7	%		23.1	%		23.4	%		23.7	%		23.6	%		(2.1	)		(0.1	)

Debt (excluding 75% of equity unit notes) to capitalization [1]		21.7	%		19.3	%		19.6	%		19.9	%		19.8	%		(1.9	)		(0.1	)
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization		16.7	%		14.6	%		14.8	%		15.2	%		15.2	%		(1.5	)		—
Ratios Excluding AOCI
Total debt to capitalization		26.7	%		24.8	%		24.1	%		23.8	%		23.1	%		(3.6	)		(0.7	)
Debt (excluding 75% of equity unit notes) to capitalization [1]		22.5	%		20.8	%		20.2	%		20.0	%		19.4	%		(3.1	)		(0.6	)
Debt (excluding equity unit notes and junior subordinated debentures) to capitalization		17.4	%		15.7	%		15.2	%		15.3	%		14.8	%		(2.6	)		(0.5	)


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

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ANALYSIS OF NET REALIZED CAPITAL GAINS AND LOSSES

THREE MONTHS ENDED MARCH 31, 2006 AND 2005


	LIFE							PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2006			2005			Change	2006			2005			Change			2006		2005			Change			2006			2005			Change
Net Realized Capital Gains (Losses) Excluded from Core Earnings, Before Tax and DAC
Net gains (losses) on sales	$	(18	)	$	50		NM	$	3		$	43			(93	%)	$	—	$	—			—		$	(15	)	$	93		NM
Impairments		(9	)		(1	)	NM		(14	)		—		NM				—		—			—			(23	)		(1	)	NM
Japanese fixed annuity, net [1]		(44	)		36		NM		—			—			—			—		—			—			(44	)		36		NM
GMWB derivatives, net [2]		(13	)		7		NM		—			—			—			—		—			—			(13	)		7		NM
Other		(28	)		4		NM		16			5		NM				—		(1	)		100	%		(12	)		8		NM

Total net realized capital gains (losses) excluded from core earnings, before tax and DAC		(112	)		96		NM		5			48			(90	%)		—		(1	)		100	%		(107	)		143		NM

Impacts of tax and deferred policy acquisition costs (“DAC”)		40			(42	)	NM		(2	)		(17	)		88	%		—		—			—			38			(59	)	NM

Total net realized capital gains (losses) excluded from core earnings, after tax and DAC	$	(72	)	$	54		NM	$	3		$	31			(90	%)	$	—	$	(1	)		100	%	$	(69	)	$	84		NM


Reconciliation of Net Realized Capital Gains (Losses) Excluded from Core Earnings to Total Net Realized Capital Gains (Losses) — Before-Tax
Total net realized capital gains (losses) excluded from core earnings	$	(112	)	$	96		NM	$	5		$	48			(90	%)	$	—	$	(1	)		100	%	$	(107	)	$	143		NM
Total net realized capital gains (losses) included in core earnings		(14	)		(4	)	NM		—			—			—			—		—			—			(14	)		(4	)	NM

Total net realized capital gains (losses)	$	(126	)	$	92		NM	$	5		$	48			(90	%)	$	—	$	(1	)		100	%	$	(121	)	$	139		NM


[1]		Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized gain of $48 would have been recognized as an offset to this amount in the three months ended March 31, 2006.

[2]		Item represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

WEIGHTED AVERAGE SHARE ANALYSIS


			Three Months Ended						Twelve Months Ended						Twelve Months Ended
			March 31, 2006						December 31, 2006						December 31, 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			1.2		0.9		304.3		1.2		0.9		309.6		1.2		—		321.3
$	65.00			1.5		2.2		305.9		1.5		1.8		310.8		1.5		—		321.6
$	70.00			2.0		3.3		307.4		2.0		2.5		312.0		2.0		—		322.1
$	75.00			2.4		4.3		308.9		2.4		3.2		313.1		2.4		—		322.5
$	80.00			2.8		5.1		310.1		2.8		3.8		314.1		2.8		—		322.9
$	83.60	[3]		3.1		5.7		310.9		3.1		4.1		314.7		3.1		—		323.2
$	85.00			3.2		5.9		311.2		3.2		4.3		315.0		3.2		—		323.3
$	90.00			3.5		6.5		312.2		3.5		4.7		315.7		3.5		—		323.6
$	95.00			3.8		7.1		313.1		3.8		5.1		316.4		3.8		—		323.9
$	100.00			4.0		7.7		313.9		4.0		5.5		317.0		4.0		—		324.1


[1]		Based on weighted average common shares outstanding (basic) at March 31, 2006 of 302.2 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 March 31, 2006 average share price.

C-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

FINANCIAL HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
REVENUES
Retail Products Group
Individual Annuity	$	672		$	681		$	682		$	683		$	697			4	%		2	%
Other Retail		118			118			128			133			153			30	%		15	%

Total Retail Products Group		790			799			810			816			850			8	%		4	%
Retirement Plans		113			117			118			122			137			21	%		12	%
Institutional Solutions Group		299			340			358			423			518			73	%		22	%
Individual Life		262			259			278			280			271			3	%		(3	%)
Group Benefits		1,046			1,048			1,049			1,066			1,132			8	%		6	%
International		104			111			141			168			180			73	%		7	%
Other		156			57			62			(16	)		(57	)	NM			NM

Total revenues before net investment income on equity securities held for trading		2,770			2,731			2,816			2,859			3,031			9	%		6	%

Net investment income on equity securities held for trading [1]		221			303			1,500			1,823			454			105	%		(75	%)

Total revenues	$	2,991		$	3,034		$	4,316		$	4,682		$	3,485			17	%		(26	%)


CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	136		$	141		$	158		$	183		$	160			18	%		(13	%)
Other Retail [2]		12			(14	)		14			(8	)		16			33	%	NM

Total Retail Products Group		148			127			172			175			176			19	%		1	%

Retirement Plans		17			17			20			21			21			24	%		—
Institutional Solutions Group		21			21			24			22			22			5	%		—
Individual Life		39			39			45			43			45			15	%		5	%
Group Benefits		59			64			68			81			68			15	%		(16	%)
International		14			21			28			33			46		NM				39	%
Other [3], [4], [5]		(61	)		(9	)		7			(56	)		40		NM			NM

Core earnings		237			280			364			319			418			76	%		31	%
Net realized gains (losses), net of tax, included in net income of Other		54			(4	)		(18	)		(28	)		(72	)	NM				(157	%)

Net income	$	291		$	276		$	346		$	291		$	346			19	%		19	%

Core earnings ROE (last 12 months to equity excluding AOCI)		18.9	%		18.5	%		15.7	%		15.3	%		16.9	%		(2.0	)		1.6
Core earnings ROE (last 12 months to equity excluding AOCI), before tax related items		15.9	%		15.7	%		15.7	%		15.3	%		16.9	%		1.0			1.6
Assets under management	$	250,038		$	258,097		$	270,689		$	276,525		$	290,409			16	%		5	%
DAC capitalization	$	556		$	497		$	511		$	507		$	506						—
DAC amortization	$	291		$	275		$	321		$	285		$	299						5	%
DAC and PVFP assets	$	7,908		$	7,842		$	8,250		$	8,567		$	9,048						6	%
United States Statutory surplus ($ in billions) [6]	$	5.1		$	5.1		$	4.4		$	4.3		$	4.4


[1]		These revenues will fluctuate principally due to the investment income and the mark-to-market adjustment of the trading investment portfolio supporting the variable annuities business in the international operations, principally in Japan.

[2]		Included in the three months ended June 30, 2005 is an expense of $24, after-tax, which has an estimate of the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds. In addition, the three months ended December 31, 2005 included an expense of $22, after tax, representing the final settlement of this matter.

[3]		Includes charges of (i) $66, after-tax, for the three months ended March 31, 2005, (ii) $36, after-tax, for the three months ended December 31, 2005, and (iii) $7, after-tax, for the three months ended March 31, 2006, to reserve for investigations by the SEC and the New York Attorney General’s Office related to market timing, by the SEC related to directed brokerage, and by the New York Attorney General’s Office and the Connecticut Attorney General’s Office related to single premium group annuities.

[4]		Included in the three months ended December 31, 2005 is an expense of $18, after-tax, which is related to settlement of certain annuity contracts.

[5]		Included in the three months ended March 31, 2006 is a $34 benefit, after-tax, due to a reduction in litigation reserves related to leveraged corporate owned life insurance products following the favorable outcome of several cases during the first quarter of 2006.

[6]		Estimated United States statutory surplus at March 31, 2006. United States 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
	March 31,		June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005		2005			2005			2005			2006			Change			Change
REVENUES
Earned premiums	$	999	$	1,047		$	1,045		$	1,112		$	1,273			27	%		14	%
Fee income		950		960			1,026			1,064			1,118			18	%		5	%
Net investment income
Securities available-for-sale and other		729		733			771			765			766			5	%		—
Equity securities held for trading [1]		221		303			1,500			1,823			454			105	%		(75	%)

Total net investment income		950		1,036			2,271			2,588			1,220			28	%		(53	%)
Net realized capital gains (losses)		92		(9	)		(26	)		(82	)		(126	)	NM				(54	%)

Total revenues		2,991		3,034			4,316			4,682			3,485			17	%		(26	%)


BENEFITS AND EXPENSES
Benefits, claims and claim adjustment expenses [1]		1,739		1,756			2,926			3,388			2,138			23	%		(37	%)
Amortization of deferred policy acquisition costs and present value of future profits		291		275			321			285			299			3	%		5	%
Insurance operating costs and other expenses		577		639			621			685			593			3	%		(13	%)

Total benefits and expenses		2,607		2,670			3,868			4,358			3,030			16	%		(30	%)


NET INCOME
Income before income taxes		384		364			448			324			455			18	%		40	%
Income tax expense		93		88			102			33			109			17	%	NM

Net income		291		276			346			291			346			19	%		19	%


Less: net realized gains (losses), net of tax, included in income of Other		54		(4	)		(18	)		(28	)		(72	)	NM				(157	%)

Core earnings	$	237	$	280		$	364		$	319		$	418			76	%		31	%


[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.

L - 2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

CONSOLIDATED BALANCE SHEETS


																Year Over
																Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	50,877		$	51,723		$	51,115		$	50,812		$	50,571			(1	%)		—
Equity securities, trading, at fair value		15,855			17,955			21,247			24,034			26,057			64	%		8	%
Equity securities, available-for-sale, at fair value		662			793			797			800			820			24	%		3	%
Policy loans, at outstanding balance		2,119			2,140			2,009			2,016			2,007			(5	%)		—
Mortgage loans on real estate		979			1,148			1,178			1,513			1,920			96	%		27	%
Other investments		480			627			550			609			640			33	%		5	%

Total investments		70,972			74,386			76,896			79,784			82,015			16	%		3	%

Cash		1,198			771			1,223			1,001			1,104			(8	%)		10	%
Premiums receivable and agents’ balances		386			418			417			426			408			6	%		(4	%)
Reinsurance recoverables		767			752			722			800			805			5	%		1	%
Deferred policy acquisition costs and present value of future profits		7,908			7,842			8,250			8,567			9,048			14	%		6	%
Deferred income taxes		(654	)		(979	)		(706	)		(559	)		(414	)		37	%		26	%
Goodwill		796			796			796			796			796			—			—
Property and equipment, net		194			191			200			198			206			6	%		4	%
Other assets		2,006			1,735			1,784			1,932			1,762			(12	%)		(9	%)
Separate account assets		138,502			142,774			150,341			150,875			158,419			14	%		5	%

Total assets	$	222,075		$	228,686		$	239,923		$	243,820		$	254,149			14	%		4	%


Future policy benefits, unpaid claims and claim adjustment expenses	$	12,375		$	12,467		$	12,591		$	12,987		$	13,163			6	%		1	%
Other policyholder funds and benefits payable		55,459			57,481			61,535			64,452			66,602			20	%		3	%
Unearned premiums		63			57			67			69			70			11	%		1	%
Other liabilities		5,602			5,268			5,036			5,165			5,641			1	%		9	%
Separate account liabilities		138,502			142,774			150,341			150,875			158,419			14	%		5	%

Total liabilities		212,001			218,047			229,570			233,548			243,895			15	%		4	%

Equity excluding AOCI, net of tax		9,305			9,366			9,643			9,879			10,175			9	%		3	%
AOCI, net of tax		769			1,273			710			393			79			(90	%)		(80	%)

Total stockholders’ equity		10,074			10,639			10,353			10,272			10,254			2	%		—

Total liabilities and stockholders’ equity	$	222,075		$	228,686		$	239,923		$	243,820		$	254,149			14	%		4	%


Hartford Life and Accident Insurance Company NAIC RBC											368	%
Hartford Life Insurance Company NAIC RBC											455	%
Hartford Life and Annuity Insurance Company NAIC RBC											1110	%

L - 4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS


				Other						Institutional
	Individual			Retail Products			Retirement			Solutions			Individual			Group						Other
	Annuity			Group			Plans			Group			Life			Benefits			International			Life		Total
YEAR-TO-DATE
Balance, December 31, 2005	$	4,617		$	97		$	405		$	81		$	1,975		$	95		$	1,281		$	16	$	8,567
Adjustments to unrealized gains and losses on securities available — for — sale and other		45			—			7			—			70			—			(10	)		—		112

Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,662			97			412			81			2,045			95			1,271			16		8,679
Capitalization		202			21			27			13			79			12			150			—		504
Amortization — Deferred Policy Acquisition Costs		(185	)		(11	)		(8	)		(8	)		(26	)		(10	)		(49	)		—		(297	)
Amortization — Present Value of Future Profits		(2	)		—			—			—			(6	)		—			—			—		(8	)
Amortization — Realized Capital Gains		—			—			—			—			—			—			—			6		6
Effect of Currency Translation Adjustment		—			—			—			—			—			—			—			—		—

Balance, March 31, 2006		4,677			107			431			86			2,092			97			1,372			22		8,884
Adjustments to unrealized gains and losses on securities available — for — sale and other		105			—			23			—			(3	)		—			39			—		164

Balance, March 31, 2006 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,782		$	107		$	454		$	86		$	2,089		$	97		$	1,411		$	22	$	9,048

L - 5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

SUPPLEMENT DATA — ANNUITY DEATH AND INCOME BENEFITS


	As of March 31, 2006
	ACCOUNT		NET AMT AT		% of NAR			RETAINED
	VALUE		RISK		REINSURED			NAR
BREAKDOWN OF VARIABLE ANNUITY ACCOUNT VALUE BY BENEFIT TYPE
Maximum anniversary value (MAV) [1]
MAV only	$	57,174	$	4,488		90	%	$	440
with 5% rollup [2]		4,040		436		81	%		81
with Earnings Protection Benefit Rider (EPB) [3]		5,499		379		81	%		72
with 5% rollup & EPB		1,453		140		78	%		31

Total MAV		68,166		5,443		89	%		624
Asset Protection Benefit (APB) [4]		29,845		27		44	%		15
Lifetime Income Benefit (LIB) [5]		924		1		—	%		1
Reset [6] (5-7 years)		7,326		365		—	%		365
Return of Premium [7]/Other		9,438		35		3	%		34

SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	115,699	$	5,871		82	%	$	1,039


JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		26,696		12		—	%		12

TOTAL	$	142,395	$	5,883		82	%	$	1,051


	As of		As of		As of		As of		As of
	March 31,		June 30,		September 30,		December 31,		March 31,
	2005		2005		2005		2005		2006
OTHER DATA
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,180.59		1,191.33		1,228.81		1,248.29		1,294.83
Total Account Value	$	104,204	$	106,015	$	110,413	$	112,065	$	115,699
Retained net amount of risk		1,772		1,561		1,302		1,162		1,039
GMDB net GAAP liability		112		115		118		118		125
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	16,495	$	18,440	$	21,892	$	24,641	$	26,696
Retained net amount of risk		76		63		15		9		12
GMDB/GMIB net GAAP liability		33		39		46		50		59


[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]		LIB: The death benefit is the greatest of the current account value, net premiums paid, or a benefit amount that rachets over time, generally based on market performance.

[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]		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

RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year				Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month				3 Month
	2005			2005			2005			2005			2006			Change				Change
Revenues
Premiums and other considerations
Variable annuity fees	$	410		$	416		$	440		$	448		$	462			13	%			3	%
Mutual fund and other fees		30			32			28			28			32			7	%			14	%

Total fee income		440			448			468			476			494			12	%			4	%

Direct premiums		19			28			18			15			19			—				27	%
Reinsurance premiums		(34	)		(33	)		(33	)		(32	)		(36	)		(6	%)			(13	%)

Net premiums		(15	)		(5	)		(15	)		(17	)		(17	)		(13	%)			—

Total premiums and other considerations		425			443			453			459			477			12	%			4	%

Net investment income
Net investment income on G/A assets		268			258			250			244			234			(13	%)			(4	%)
Net investment income on assigned capital		17			17			17			17			16			(6	%)			(6	%)
Charge for invested capital		(42	)		(39	)		(40	)		(38	)		(33	)		21	%			13	%

Total net investment income		243			236			227			223			217			(11	%)			(3	%)
Net realized capital gains		4			2			2			1			3			(25	%)		NM

Total revenues		672			681			682			683			697			4	%			2	%

Benefits and Expenses
Benefits and claims
Death benefits		8			13			6			9			10			25	%			11	%
Other contract benefits		19			20			24			22			22			16	%			—
Change in reserve		10			13			1			(6	)		3			(70	%)		NM
Sales inducements		9			10			10			10			9			—				(10	%)
Interest credited on G/A assets		189			180			177			171			163			(14	%)			(5	%)

Total benefits and claims		235			236			218			206			207			(12	%)			—

Other insurance expenses
Commissions & wholesaling expenses		246			248			232			230			265			8	%			15	%
Operating expenses		49			53			47			54			45			(8	%)			(17	%)
Premium taxes and other expenses		5			5			4			—			3			(40	%)			—

Subtotal — expenses before deferral		300			306			283			284			313			4	%			10	%
Deferred policy acquisition costs		(198	)		(198	)		(176	)		(170	)		(202	)		(2	%)			(19	%)

Total other insurance expense		102			108			107			114			111			9	%			(3	%)
Amortization of deferred policy acquisition costs		168			164			173			185			187			11	%			1	%

Total benefits and expenses		505			508			498			505			505			—				—
Income before income taxes		167			173			184			178			192			15	%			8	%
Income tax expense (benefit) [1]		31			32			26			(5	)		32			3	%		NM

Net income [2]	$	136		$	141		$	158		$	183		$	160				18	%			(13	%)


[1]		The three months ended September 30, 2005 and December 31, 2005 includes $9 and $40, respectively, of additional tax benefits related to a change in DRD estimates.

[2]		Net income is defined as core earnings.

L - 9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETAIL PRODUCTS GROUP — OTHER

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	1		$	2		$	3		$	3		$	3		NM				—
Mutual fund and other fees		116			116			123			129			151			30	%		17	%

Total fee income		117			118			126			132			154			32	%		17	%

Net investment income
Net investment income on G/A assets		1			—			2			1			(1	)	NM			NM

Total net investment income		1			—			2			1			(1	)	NM			NM

Net realized capital gains		—			—			—			—			—			—			—

Total revenues		118			118			128			133			153			30	%		15	%


Benefits and Expenses

Other insurance expenses
Commissions & wholesaling expenses		74			74			78			89			109			47	%		22	%
Operating expenses		23			23			21			26			24			4	%		(8	%)
Premium taxes and other expenses [1]		4			41			7			35			5			25	%		(86	%)

Subtotal — expenses before deferral		101			138			106			150			138			37	%		(8	%)
Deferred policy acquisition costs		(14	)		(13	)		(14	)		(16	)		(21	)		(50	%)		(31	%)

Total other insurance expense		87			125			92			134			117			34	%		(13	%)
Amortization of deferred policy acquisition costs		13			14			14			13			11			(15	%)		(15	%)

Total benefits and expenses		100			139			106			147			128			28	%		(13	%)
Income (loss) before income taxes		18			(21	)		22			(14	)		25			39	%	NM
Income tax expense (benefit)		6			(7	)		8			(6	)		9			50	%	NM

Net income (loss) [2]	$	12		$	(14	)	$	14		$	(8	)	$	16			33	%	NM


[1]		Included in the three months ended June 30, 2005 and December 31, 2005 the Company recorded amounts of $37 and $33, pre-tax, in association with the termination of a provision of an agreement with a distribution partner of the Company’s mutual funds.

[2]		Net income is defined as core earnings.

L - 10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP

SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT


											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2005		2005		2005		2005		2006		Change			Change
INDIVIDUAL ANNUITY
General account	$	18,327	$	17,852	$	17,324	$	16,872	$	16,460		(10	%)		(2	%)
Non-guaranteed separate account		90,690		92,448		96,591		98,664		102,304		13	%		4	%

Total Individual Annuity	$	109,017	$	110,300	$	113,915	$	115,536	$	118,764		9	%		3	%


BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	7,494	$	7,415	$	7,120	$	6,771	$	6,517		(13	%)		(4	%)
Non-guaranteed separate account		90,577		92,332		96,472		98,543		102,178		13	%		4	%

Total individual variable annuities		98,071		99,747		103,592		105,314		108,695		11	%		3	%

Fixed MVA & other individual annuities		10,946		10,553		10,323		10,222		10,069		(8	%)		(1	%)

Total Individual Annuity		109,017		110,300		113,915		115,536		118,764		9	%		3	%


Specialty Products/Other — Segregated Assets		216		243		286		336		386		79	%		15	%

Mutual Fund Assets
Retail mutual fund assets		24,949		25,958		27,522		29,063		31,988		28	%		10	%
Specialty Product/Other mutual fund assets		185		218		293		335		396		114	%		18	%
529 College Savings Plan assets		509		553		608		669		744		46	%		11	%

Total Mutual Fund Assets		25,643		26,729		28,423		30,067		33,128		29	%		10	%


Total Retail Products Group Assets Under Management	$	134,876	$	137,272	$	142,624	$	145,939	$	152,278		13	%		4	%

L - 12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP

SUPPLEMENTAL DATA — INDIVIDUAL ANNUITY — ACCOUNT VALUE ROLLFORWARD [1]


		THREE MONTHS ENDED
		March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
		2005			2005			2005			2005			2006
VARIABLE ANNUITIES	Beginning balance	$	99,617		$	98,071		$	99,747		$	103,592		$	105,314
	Sales/Deposits		3,103			2,886			2,748			2,497			3,091
	Surrenders		(2,367	)		(2,577	)		(2,745	)		(3,021	)		(3,505	)
	Death benefits/annuity payouts		(381	)		(388	)		(364	)		(365	)		(413	)
	Transfers [2]		51			20			13			9			(1	)

	Net Flows		406			(59	)		(348	)		(880	)		(828	)
	Change in market value/change in reserve/interest credited		(1,958	)		1,729			4,186			2,599			4,204
	Other [3]		6			6			7			3			5

	Ending balance	$	98,071		$	99,747		$	103,592		$	105,314		$	108,695


FIXED MVA AND OTHER	Beginning balance	$	11,384		$	10,946		$	10,553		$	10,323		$	10,222
	Sales/Deposits		70			72			55			86			87
	Surrenders		(510	)		(452	)		(297	)		(197	)		(246	)
	Death benefits/annuity payouts		(115	)		(136	)		(122	)		(120	)		(127	)
	Transfers [2]		(20	)		(12	)		3			9			11

	Net Flows		(575	)		(528	)		(361	)		(222	)		(275	)
	Change in market value/change in reserve/interest credited		137			135			131			121			122

	Ending balance	$	10,946		$	10,553		$	10,323		$	10,222		$	10,069


TOTAL INDIVIDUAL ANNUITY	Beginning balance	$	111,001		$	109,017		$	110,300		$	113,915		$	115,536
	Sales/Deposits		3,173			2,958			2,803			2,583			3,178
	Surrenders		(2,877	)		(3,029	)		(3,042	)		(3,218	)		(3,751	)
	Death benefits/annuity payouts		(496	)		(524	)		(486	)		(485	)		(540	)
	Transfers [2]		31			8			16			18			10

	Net Flows		(169	)		(587	)		(709	)		(1,102	)		(1,103	)
	Change in market value/change in reserve/interest credited		(1,821	)		1,864			4,317			2,720			4,326
	Other [3]		6			6			7			3			5

	Ending balance	$	109,017		$	110,300		$	113,915		$	115,536		$	118,764


[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.

L - 13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETIREMENT PLANS

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	32		$	34		$	36		$	38		$	40			25	%		5	%
Mutual fund and other fees		2			3			4			3			3			50	%		—

Total fee income		34			37			40			41			43			26	%		5	%

Direct premiums		3			4			1			2			14		NM			NM

Total premiums and other considerations		37			41			41			43			57			54	%		33	%

Net investment income
Net investment income on G/A assets		73			76			75			79			78			7	%		(1	%)
Net investment income on assigned capital		3			2			3			2			2			(33	%)		—
Charge for invested capital		—			(1	)		—			(1	)		—			—			100	%

Total net investment income		76			77			78			80			80			5	%		—
Net realized capital (losses)		—			(1	)		(1	)		(1	)		—			—			100	%

Total revenues		113			117			118			122			137			21	%		12	%

Benefits and Expenses
Benefits and claims
Death benefits		—			1			—			—			1			—			—
Other contract benefits		14			13			13			14			13			(7	%)		(7	%)
Change in reserve		(5	)		(4	)		(6	)		(6	)		5		NM			NM
Interest credited on G/A assets		47			49			50			51			50			6	%		(2	%)

Total benefits and claims		56			59			57			59			69			23	%		17	%

Other insurance expenses
Commissions & wholesaling expenses		17			14			15			18			20			18	%		11	%
Operating expenses		34			39			40			47			38			12	%		(19	%)
Premium taxes and other expenses		—			(1	)		1			(3	)		—			—			100	%

Subtotal — expenses before deferral		51			52			56			62			58			14	%		(6	%)

Deferred policy acquisition costs		(24	)		(23	)		(24	)		(35	)		(27	)		(13	%)		23	%

Total other insurance expense		27			29			32			27			31			15	%		15	%
Amortization of deferred policy acquisition costs		7			5			5			9			8			14	%		(11	%)

Total benefits and expenses		90			93			94			95			108			20	%		14	%

Income before income taxes		23			24			24			27			29			26	%		7	%
Income tax expense		6			7			4			6			8			33	%		33	%


Net income [1]	$	17		$	17		$	20		$	21		$	21			24	%		—


[1]		Net income is defined as core earnings.

L - 15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS

SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT


											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2005		2005		2005		2005		2006		Change			Change
401K
General account	$	1,171	$	1,194	$	1,247	$	1,230	$	1,287		10	%		5	%
Non-guaranteed separate account		5,893		6,344		7,056		7,612		8,751		48	%		15	%

Total 401K	$	7,064	$	7,538	$	8,303	$	8,842	$	10,038		42	%		14	%


GOVERNMENTAL
General account	$	4,121	$	4,201	$	4,284	$	4,323	$	4,336		5	%		—
Non-guaranteed separate account		5,761		5,853		5,878		6,152		6,091		6	%		(1	%)

Total Governmental	$	9,882	$	10,054	$	10,162	$	10,475	$	10,427		6	%		—


TOTAL RETIREMENT
General account	$	5,292	$	5,395	$	5,531	$	5,553	$	5,623		6	%		1	%
Non-guaranteed separate account		11,654		12,197		12,934		13,764		14,842		27	%		8	%

Total Retirement Plans account value	$	16,946	$	17,592	$	18,465	$	19,317	$	20,465		21	%		6	%


BY PRODUCT
401K — Annuity	$	7,064	$	7,538	$	8,303	$	8,842	$	10,038		42	%		14	%
Governmental — Annuity		9,882		10,054		10,162		10,475		10,427		6	%		—

Total Retirement Plans account value		16,946		17,592		18,465		19,317		20,465		21	%		6	%

Mutual Fund Assets
401K mutual fund assets		767		808		872		947		1,032		35	%		9	%
Governmental mutual fund assets [1]		738		728		147		163		—		(100	%)		(100	%)

Total Mutual Fund Assets		1,505		1,536		1,019		1,110		1,032		(31	%)		(7	%)

Total Retirement Plans Assets Under Management	$	18,451	$	19,128	$	19,484	$	20,427	$	21,497		17	%		5	%


[1]		Internal transfer from Retirement Plans Governmental business to Institutional Solutions Group.

L - 17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

INSTITUTIONAL SOLUTIONS GROUP

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	14		$	13		$	15		$	16		$	15			7	%		(6	%)
Cost of insurance charges		21			13			6			7			9			(57	%)		29	%
Mutual fund and other fees		2			7			5			—			3			50	%		—

Total fee income		37			33			26			23			27			(27	%)		17	%
Direct premiums		82			115			126			181			267		NM				48	%

Total premiums and other considerations		119			148			152			204			294			147	%		44	%

Net investment income
Net investment income on G/A assets		176			187			203			215			220			25	%		2	%
Net investment income on assigned capital		5			5			5			5			5			—			—
Charge for invested capital		—			1			(1	)		1			—			—			(100	%)

Total net investment income		181			193			207			221			225			24	%		2	%
Net realized capital (losses)		(1	)		(1	)		(1	)		(2	)		(1	)		—			50	%

Total revenues		299			340			358			423			518			73	%		22	%

Benefits and Expenses
Benefits and claims
Death benefits		23			13			5			11			10			(57	%)		(9	%)
Other contract benefits		73			71			75			73			78			7	%		7	%
Change in reserve		75			112			121			177			260		NM				47	%
Interest credited on G/A assets		83			91			99			110			115			39	%		5	%

Total benefits and claims		254			287			300			371			463			82	%		25	%

Other insurance expenses
Commissions & wholesaling expenses		8			10			12			10			11			38	%		10	%
Operating expenses		14			14			16			18			15			7	%		(17	%)
Premium taxes and other expenses		2			5			4			(1	)		3			50	%	NM

Subtotal — expenses before deferral		24			29			32			27			29			21	%		7	%
Deferred policy acquisition costs		(14	)		(12	)		(17	)		(13	)		(13	)		7	%		—

Total other insurance expense		10			17			15			14			16			60	%		14	%
Amortization of deferred policy acquisition costs		6			8			9			9			8			33	%		(11	%)

Total benefits and expenses		270			312			324			394			487			80	%		24	%

Income before income taxes		29			28			34			29			31			7	%		7	%
Income tax expense		8			7			10			7			9			13	%		29	%

Net income [1]	$	21		$	21		$	24		$	22		$	22			5	%		—


[1]		Net income is defined as core earnings.

L - 19

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

SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT


											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2005		2005		2005		2005		2006		Change			Change
INSTITUTIONAL
General account	$	12,319	$	12,590	$	13,680	$	14,034	$	14,695		19	%		5	%
Guaranteed separate account		353		373		358		417		397		12	%		(5	%)
Non-guaranteed separate account		2,825		3,113		3,136		3,466		3,925		39	%		13	%

Total Institutional	$	15,497	$	16,076	$	17,174	$	17,917	$	19,017		23	%		6	%


PRIVATE PLACEMENT LIFE INSURANCE
General account	$	10	$	10	$	10	$	7	$	7		(30	%)		—
Non-guaranteed separate account		22,631		23,047		23,528		23,829		24,209		7	%		2	%

Total Private Placement Life Insurance	$	22,641	$	23,057	$	23,538	$	23,836	$	24,216		7	%		2	%


TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	12,329	$	12,600	$	13,690	$	14,041	$	14,702		19	%		5	%
Guaranteed separate account		353		373		358		417		397		12	%		(5	%)
Non-guaranteed separate account		25,456		26,160		26,664		27,295		28,134		11	%		3	%

Total Institutional Solutions Group account value	$	38,138	$	39,133	$	40,712	$	41,753	$	43,233		13	%		4	%


BY PRODUCT

Institutional
Structured settlements	$	4,145	$	4,307	$	4,492	$	4,652	$	4,856		17	%		4	%
Institutional annuities		2,488		2,504		2,491		2,637		2,733		10	%		4	%
GIC/Funding agreements/registered notes		6,139		6,254		7,163		7,275		7,610		24	%		5	%
Other		2,725		3,011		3,028		3,353		3,818		40	%		14	%

Total Institutional		15,497		16,076		17,174		17,917		19,017		23	%		6	%


Private Placement Life Insurance		22,641		23,057		23,538		23,836		24,216		7	%		2	%

Total Institutional Solutions Group account value		38,138		39,133		40,712		41,753		43,233		13	%		4	%

Institutional Mutual Fund Assets		815		1,146		1,324		1,528		2,100		158	%		37	%

Total Institutional Solutions Group Assets Under Management	$	38,953	$	40,279	$	42,036	$	43,281	$	45,333		16	%		5	%

L - 21

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

SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1]


		THREE MONTHS ENDED
		March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
		2005			2005			2005			2005			2006
INSTITUTIONAL
(EXCLUDING ALL MUTUAL FUNDS)	Beginning balance	$	14,599		$	15,497		$	16,076		$	17,174		$	17,917
	Sales/Deposits		1,061			711			1,302			919			926
	Surrenders		(155	)		(323	)		(296	)		(316	)		(374	)
	Death benefits/annuity payouts		(114	)		(118	)		(119	)		(118	)		(126	)

	Net Flows		792			270			887			485			426
	Change in market value/change in reserve/interest credited		106			309			211			258			261
	Transfers [2]		—			—			—			—			413

	Ending balance	$	15,497		$	16,076		$	17,174		$	17,917		$	19,017

PRIVATE PLACEMENT LIFE INSURANCE
	Beginning balance	$	22,498		$	22,641		$	23,057		$	23,538		$	23,836
	Sales/Deposits		109			180			245			31			106
	Surrenders		(48	)		(2	)		(16	)		(4	)		(10	)
	Death benefits/annuity payouts		(10	)		(9	)		(17	)		(16	)		(12	)

	Net Flows		51			169			212			11			84
	Change in market value/change in reserve/interest credited		144			301			311			286			347
	Other [3]		(52	)		(54	)		(42	)		1			(51	)

	Ending balance	$	22,641		$	23,057		$	23,538		$	23,836		$	24,216


[1]		Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.

[2]		Internal transfer from Retirement Plans Governmental business to Institutional Solutions Group.

[3]		Primarily consists of cost of insurance and M&E charges.

L - 22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

INDIVIDUAL LIFE

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Revenues
Premiums and other considerations
Variable life fees	$	14		$	15		$	15		$	15		$	16			14	%		7	%
Cost of insurance charges		114			116			118			120			122			7	%		2	%
Other fees		67			60			74			74			65			(3	%)		(12	%)

Total fee income		195			191			207			209			203			4	%		(3	%)

Direct premiums		19			19			21			21			22			16	%		5	%
Reinsurance premiums		(27	)		(26	)		(29	)		(31	)		(34	)		(26	%)		(10	%)

Net premiums		(8	)		(7	)		(8	)		(10	)		(12	)		(50	%)		(20	%)

Total premiums and other considerations		187			184			199			199			191			2	%		(4	%)

Net investment income
Net investment income on G/A assets		80			81			83			84			83			4	%		(1	%)
Net investment income on assigned capital		3			3			3			4			3			—			(25	%)
Charge for invested capital		(9	)		(9	)		(9	)		(9	)		(7	)		22	%		22	%

Total net investment income		74			75			77			79			79			7	%		—
Net realized capital gains		1			—			2			2			1			—			(50	%)

Total revenues		262			259			278			280			271			3	%		(3	%)

Benefits and Expenses
Benefits and claims
Death benefits		66			63			54			58			69			5	%		19	%
Other contract benefits		4			6			5			6			7			75	%		17	%
Change in reserve		(5	)		(4	)		(4	)		(5	)		(5	)		—			—
Interest credited on G/A assets		55			55			57			58			60			9	%		3	%

Total benefits and claims		120			120			112			117			131			9	%		12	%

Other insurance expenses
Commissions & wholesaling expenses		52			47			58			65			54			4	%		(17	%)
Operating expenses		52			56			57			64			56			8	%		(13	%)
Dividends to policyholders		1			—			1			1			1			—			—
Premium taxes and other expenses		9			10			8			8			10			11	%		25	%

Subtotal — expenses before deferral		114			113			124			138			121			6	%		(12	%)
Deferred policy acquisition costs		(74	)		(71	)		(81	)		(96	)		(79	)		(7	%)		18	%

Total other insurance expense		40			42			43			42			42			5	%		—
Amortization of deferred policy acquisition costs and present value of future profits		45			40			59			61			32			(29	%)		(48	%)

Total benefits and expenses		205			202			214			220			205			—			(7	%)

Income before income taxes		57			57			64			60			66			16	%		10	%
Income tax expense		18			18			19			17			21			17	%		24	%

Net income [1]	$	39		$	39		$	45		$	43		$	45			15	%		5	%


[1]		Net income is defined as core earnings.

L - 23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE

SUPPLEMENTAL DATA


											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2005		2005		2005		2005		2006		Change			Change
SALES BY DISTRIBUTION
Wirehouse/regional broker-dealer/banks	$	23	$	31	$	30	$	36	$	25		9	%		(31	%)
Independent broker-dealer/WFS		11		13		16		25		17		55	%		(32	%)
Life professional/other		12		13		16		24		18		50	%		(25	%)

Total sales by distribution	$	46	$	57	$	62	$	85	$	60		30	%		(29	%)


SALES BY PRODUCT
Variable life	$	21	$	29	$	28	$	35	$	25		19	%		(29	%)
Universal life/whole life		22		24		30		46		31		41	%		(33	%)
Term life/other		3		4		4		4		4		33	%		—

Total sales by product	$	46	$	57	$	62	$	85	$	60		30	%		(29	%)


ACCOUNT VALUE
General account	$	4,591	$	4,635	$	4,758	$	4,868	$	4,950		8	%		2	%
Separate account		4,838		5,006		5,257		5,446		5,728		18	%		5	%

Total account value	$	9,429	$	9,641	$	10,015	$	10,314	$	10,678		13	%		4	%


ACCOUNT VALUE BY PRODUCT
Variable life	$	5,249	$	5,433	$	5,700	$	5,902	$	6,191		18	%		5	%
Universal life/interest sensitive whole life		3,452		3,485		3,599		3,696		3,775		9	%		2	%
Modified guaranteed life		631		626		617		611		604		(4	%)		(1	%)
Other		97		97		99		105		108		11	%		3	%

Total account value by product	$	9,429	$	9,641	$	10,015	$	10,314	$	10,678		13	%		4	%


LIFE INSURANCE IN FORCE
Variable life	$	69,442	$	69,979	$	70,569	$	71,365	$	71,852		3	%		1	%
Universal life/interest sensitive whole life		39,349		39,777		40,694		41,714		42,372		8	%		2	%
Term life		31,837		33,285		34,915		36,627		38,137		20	%		4	%
Modified guaranteed life		815		805		787		776		764		(6	%)		(2	%)
Other		296		305		313		319		320		8	%		—

Total life insurance in force	$	141,739	$	144,151	$	147,278	$	150,801	$	153,445		8	%		2	%

L - 24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE

ACCOUNT VALUE ROLLFORWARD


		THREE MONTHS ENDED
		March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
		2005			2005			2005			2005			2006
VARIABLE LIFE	Beginning balance	$	5,356		$	5,249		$	5,433		$	5,700		$	5,902
	First year & single premiums		67			72			69			76			68
	Renewal premiums		138			142			145			146			148

	Premiums and deposits		205			214			214			222			216
	Surrenders		(78	)		(66	)		(73	)		(84	)		(90	)
	Death benefits/policy fees		(111	)		(123	)		(129	)		(129	)		(129	)

	Net Flows		16			25			12			9			(3	)
	Change in market value/interest credited		(123	)		159			255			193			292


	Ending balance	$	5,249		$	5,433		$	5,700		$	5,902		$	6,191


OTHER [1]	Beginning balance	$	4,131		$	4,180		$	4,208		$	4,315		$	4,412

	First year & single premiums		61			63			92			112			90
	Renewal premiums		91			90			98			108			107

	Premiums and deposits		152			153			190			220			197
	Acquisitions [2]		—			—			45			—			—
	Surrenders		(49	)		(54	)		(58	)		(47	)		(46	)
	Death benefits/policy fees		(102	)		(119	)		(124	)		(130	)		(130	)

	Net Flows		1			(20	)		53			43			21
	Change in market value/interest credited		48			48			54			54			54


	Ending balance	$	4,180		$	4,208		$	4,315		$	4,412		$	4,487



TOTAL INDIVIDUAL LIFE	Beginning balance	$	9,487		$	9,429		$	9,641		$	10,015		$	10,314
	First year & single premiums		128			135			161			188			158
	Renewal premiums		229			232			243			254			255

	Premiums and deposits		357			367			404			442			413
	Acquisitions [2]		—			—			45			—			—
	Surrenders		(127	)		(120	)		(131	)		(131	)		(136	)
	Death benefits/policy fees		(213	)		(242	)		(253	)		(259	)		(259	)

	Net Flows		17			5			65			52			18
	Change in market value/interest credited		(75	)		207			309			247			346


	Ending balance	$	9,429		$	9,641		$	10,015		$	10,314		$	10,678


[1]		Includes Universal Life, Interest Sensitive Whole Life, Modified Guaranteed Life Insurance and other.

[2]		Acquired block account value is 100% coinsured.

L - 25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS

INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Revenues
Premiums and other considerations
ASO fees	$	11		$	7		$	9		$	9		$	10			(9	%)		11	%
Other fees		—			1			—			(1	)		1			—		NM

Total fee income		11			8			9			8			11			—			38	%

Direct premiums		824			848			853			888			944			15	%		6	%
Reinsurance premiums		113			92			88			68			77			(32	%)		13	%

Net premiums		937			940			941			956			1,021			9	%		7	%


Total premiums and other considerations		948			948			950			964			1,032			9	%		7	%

Net investment income
Net investment income on G/A assets		86			87			87			88			89			3	%		1	%
Net investment income on assigned capital		12			13			12			13			12			—			(8	%)


Total net investment income		98			100			99			101			101			3	%		—
Net realized capital gains (losses)		—			—			—			1			(1	)		—		NM

Total revenues		1,046			1,048			1,049			1,066			1,132			8	%		6	%
Benefits and Expenses
Benefits and claims
Death benefits		239			238			227			194			268			12	%		38	%
Other contract benefits		414			416			423			427			442			7	%		4	%
Change in reserve		69			42			38			67			57			(17	%)		(15	%)

Total benefits and claims		722			696			688			688			767			6	%		11	%

Other insurance expenses
Commissions & wholesaling expenses		119			122			128			131			132			11	%		1	%
Operating expenses		114			129			129			136			120			5	%		(12	%)
Premium taxes and other expenses		16			18			15			21			21			31	%		—

Subtotal — expenses before deferral		249			269			272			288			273			10	%		(5	%)
Deferred policy acquisition costs		(12	)		(12	)		(14	)		(18	)		(12	)		—			33	%

Total other insurance expense		237			257			258			270			261			10	%		(3	%)
Amortization of deferred policy acquisition costs		7			7			8			9			10			43	%		11	%

Total benefits and expenses		966			960			954			967			1,038			7	%		7	%

Income before income taxes		80			88			95			99			94			18	%		(5	%)

Income tax expense [1]		21			24			27			18			26			24	%		44	%

Net income [2]	$	59		$	64		$	68		$	81		$	68			15	%		(16	%)


[1]		The three months ended December 31, 2005 includes a $9 tax benefit related to the purchase of the CNA business in 2003.

[2]		Net income is defined as core earnings.

L - 26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS

SUPPLEMENTAL DATA


																	Year Over
		THREE MONTHS ENDED															Year			Sequential
		March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
		2005			2005			2005			2005			2006			Change			Change
PREMIUMS	Fully Insured — Ongoing Premiums
	Group disability	$	413		$	428		$	418		$	427		$	449			9	%		5	%
	Group life		396			406			419			422			451			14	%		7	%
	Other		103			106			103			106			117			14	%		10	%

	Total fully insured — ongoing premiums		912			940			940			955			1,017			12	%		6	%


	Total buyouts [1]		25			—			1			1			4			(84	%)	NM

	Total premiums		937			940			941			956			1,021			9	%		7	%
	Group disability — premium equivalents [2]		63			73			69			70			79			25	%		13	%

	Total premiums and premium equivalents	$	1,000		$	1,013		$	1,010		$	1,026		$	1,100			10	%		7	%


SALES (GROSS	Fully Insured — Ongoing Sales
ANNUALIZED	Group disability	$	198		$	42		$	54		$	58		$	185			(7	%)	NM
NEW PREMIUMS)	Group life [3]		132			46			85			65			201			52	%	NM
	Other		46			22			18			13			55			20	%	NM

	Total fully insured — ongoing sales		376			110			157			136			441			17	%	NM


	Total buyouts [1]		26			—			1			1			2			(92	%)		100	%

	Total sales		402			110			158			137			443			10	%	NM
	Group disability premium equivalents [2]		47			14			8			7			52			11	%	NM

	Total sales and premium equivalents	$	449		$	124		$	166		$	144		$	495			10	%	NM


RATIOS [4]	Loss Ratio		75.5	%		73.4	%		72.4	%		71.3	%		74.2	%		(2	%)		4	%
	Expense Ratio		26.4	%		27.8	%		28.0	%		29.0	%		26.4	%		—			(9	%)


GAAP RESERVES [5]	Group disability	$	4,237		$	4,290		$	4,349		$	4,368		$	4,413			4	%		1	%
	Group life		1,247			1,245			1,243			1,272			1,266			2	%		—
	Other		170			170			159			167			176			4	%		5	%

	Total GAAP reserves	$	5,654		$	5,705		$	5,751		$	5,807		$	5,855			4	%		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]		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.

[4]		Ratios calculated excluding the effects of buyout premiums.

[5]		Reserve balances are net of reinsurance recoverables of $318, $306, $250, $238, and $247 as of 1Q 2005, 2Q 2005, 3Q 2005, 4Q 2005, and 1Q 2006 respectively.

L - 27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL

HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Months			3 Months
	2005			2005			2005			2005			2006			Change			Change
CORE EARNINGS
Japan operations	$	17		$	26		$	33		$	44		$	48			182	%		9	%
Other international operations [1]		(3	)		(5	)		(5	)		(11	)		(2	)		33	%		82	%

Core earnings [2]	$	14		$	21		$	28		$	33		$	46		NM				39	%

JAPAN SALES — Dollars
Individual Annuity
Variable	$	3,072		$	2,494		$	2,809		$	2,367		$	2,256			(27	%)		(5	%)
Fixed MVA		688			222			158			122			93			(86	%)		(24	%)

Total sales by product	$	3,760		$	2,716		$	2,967		$	2,489		$	2,349			(38	%)		(6	%)


JAPAN SALES — Yen
Individual Annuity
Variable	¥	321,911		¥	267,333		¥	312,311		¥	278,077		¥	263,934			(18	%)		(5	%)
Fixed MVA		72,017			23,795			17,619			14,316			10,908			(85	%)		(24	%)

Total sales by product	¥	393,928		¥	291,128		¥	329,930		¥	292,393		¥	274,842			(30	%)		(6	%)


JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	2,892		$	2,365		$	2,558		$	1,938		$	1,769			(39	%)		(9	%)
Fixed MVA		651			203			146			104			77			(88	%)		(26	%)

Total net flows by product	$	3,543		$	2,568		$	2,704		$	2,042		$	1,846			(48	%)		(10	%)


JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	302,976		¥	253,416		¥	284,656		¥	227,625		¥	206,954			(32	%)		(9	%)
Fixed MVA		68,072			21,811			16,198			12,927			9,579			(86	%)		(26	%)

Total net flows by product	¥	371,048		¥	275,227		¥	300,854		¥	240,552		¥	216,533			(42	%)		(10	%)


JAPAN AUM — Dollars
Individual Annuity
Variable	$	16,495		$	18,440		$	21,892		$	24,641		$	26,696			62	%		8	%
Fixed MVA		1,120			1,286			1,407			1,463			1,545			38	%		6	%

Total AUM by product	$	17,615		$	19,726		$	23,299		$	26,104		$	28,241			60	%		8	%


JAPAN AUM — Yen
Individual Annuity
Variable	¥	1,767,250		¥	2,042,998		¥	2,481,209		¥	2,908,416		¥	3,149,872			78	%		8	%
Fixed MVA		120,011			142,472			159,391			172,596			182,193			52	%		6	%

Total AUM by product	¥	1,887,261		¥	2,185,470		¥	2,640,600		¥	3,081,012		¥	3,332,065			77	%		8	%


[1]		The three months ended December 31, 2005 includes an $8, after tax, change to establish a valuation allowance for deferred tax balances.

[2]		Core earnings is defined as net income.

L - 28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

INTERNATIONAL — JAPAN

INCOME STATEMENTS


																	Year Over
						THREE MONTHS ENDED										Year				Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,				3 Month				3 Month
	2005			2005			2005			2005			2006				Change				Change
Revenues
Premiums and other considerations
Variable annuity fees	$	86		$	102		$	118		$	134		$	148				72	%			10	%
Other fees		11			1			12			19			18				64	%			(5	%)

Total fee income		97			103			130			153			166				71	%			8	%

Net investment income
Net investment income on G/A assets		9			16			16			20			23				156	%			15	%

Total net investment income		9			16			16			20			23				156	%			15	%
Net realized capital (losses)		(5	)		(10	)		(8	)		(11	)		(14	)			(180	%)			(27	%)


Total revenues		101			109			138			162			175				73	%			8	%

Benefits and Expenses
Benefits and claims
Death and other benefits		10			4			9			4			7				(30	%)			75	%
Interest credited on G/A assets		3			4			3			4			5				67	%			25	%

Total benefits and claims		13			8			12			8			12				(8	%)			50	%

Other insurance expenses
Commissions & wholesaling expenses		204			156			173			162			140				(31	%)			(14	%)
Operating expenses		31			32			33			43			34				10	%			(21	%)
Premium taxes and other expenses		14			10			12			10			10				(29	%)			—

Subtotal — expenses before deferral		249			198			218			215			184				(26	%)			(14	%)
Deferred policy acquisition costs		(220	)		(169	)		(185	)		(158	)		(147	)			33	%			7	%

Total other insurance expense		29			29			33			57			37				28	%			(35	%)
Amortization of deferred policy acquisition costs [1]		32			30			43			28			49				53	%			75	%

Total benefits and expenses		74			67			88			93			98				32	%			5	%

Income before income taxes		27			42			50			69			77				185	%			12	%

Income tax expense		10			16			17			25			29				190	%			16	%


Net income [2]	$	17		$	26		$	33		$	44		$	48				182	%			9	%


[1]		Included in the three months ended December 31, 2005 is a $15, pre-tax, adjustment to DAC amortization.

[2]		Net income is defined as core earnings.

L - 29

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN

SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD


		THREE MONTHS ENDED
		March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
		2005			2005			2005			2005			2006
VARIABLE ANNUITIES	Beginning balance	$	14,129		$	16,495		$	18,440		$	21,892		$	24,641
	Sales/premiums/other deposits		3,072			2,494			2,809			2,367			2,256
	Surrenders		(125	)		(78	)		(200	)		(367	)		(388	)
	Death benefits/annuitizations/other		(55	)		(51	)		(51	)		(62	)		(99	)

	Net Flows		2,892			2,365			2,558			1,938			1,769
	Change in market value/currency/change in reserve/interest credited		136			201			1,380			1,690			303
	Effect of currency translation		(662	)		(621	)		(486	)		(879	)		(17	)

	Ending balance	$	16,495		$	18,440		$	21,892		$	24,641		$	26,696

FIXED MVA AND OTHER	Beginning balance	$	502		$	1,120		$	1,286		$	1,407		$	1,463

	Sales/premiums/other deposits		688			222			158			122			93
	Surrenders		(3	)		(6	)		(2	)		(5	)		(4	)
	Death benefits/annuitizations/other		(34	)		(13	)		(10	)		(13	)		(12	)

	Net Flows		651			203			146			104			77
	Change in market value/currency/change in reserve/interest credited		2			4			4			9			5
	Effect of currency translation		(35	)		(41	)		(29	)		(57	)		—

	Ending balance	$	1,120		$	1,286		$	1,407		$	1,463		$	1,545

TOTAL INDIVIDUAL ANNUITY	Beginning balance	$	14,631		$	17,615		$	19,726		$	23,299		$	26,104

	Sales/premiums/other deposits		3,760			2,716			2,967			2,489			2,349
	Surrenders		(128	)		(84	)		(202	)		(372	)		(392	)
	Death benefits/annuitizations/other		(89	)		(64	)		(61	)		(75	)		(111	)

	Net Flows		3,543			2,568			2,704			2,042			1,846
	Change in market value/change in reserve/interest credited		138			205			1,384			1,699			308
	Effect of currency translation		(697	)		(662	)		(515	)		(936	)		(17	)

	Ending balance	$	17,615		$	19,726		$	23,299		$	26,104		$	28,241

L - 30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

FINANCIAL HIGHLIGHTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,581		$	2,722		$	2,618		$	2,566		$	2,629			2	%		2	%
Earned premiums [1]		2,507			2,578			2,517			2,554			2,566			2	%		—
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Business Insurance		118			141			125			12			134			14	%	NM
Personal Lines		127			188			71			74			106			(17	%)		43	%
Specialty Commercial		40			5			(143	)		(67	)		47			18	%	NM


Ongoing Operations underwriting results [2]		285			334			53			19			287			1	%	NM
Other Operations [3]		(28	)		(110	)		(53	)		(35	)		(21	)		25	%		40	%

Total Property & Casualty underwriting results	$	257		$	224		$	—		$	(16	)	$	266			4	%	NM

ONGOING OPERATIONS UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		63.1			64.2			69.6			67.7			63.4			(0.3	)		4.3
Prior year [1] [2] [4]		0.2			(2.9	)		1.7			2.4			(0.2	)		0.4			2.6

Total loss and loss adjustment expenses		63.3			61.3			71.3			70.2			63.3			—			6.9

Expenses		25.1			25.6			26.7			28.7			25.4			(0.3	)		3.3
Policyholder dividends		0.2			0.2			—			0.3			0.2			—			0.1


Combined ratio		88.6			87.0			97.9			99.2			88.8			(0.2	)		10.4

Catastrophe ratio [4] [5]		1.9			1.7			6.2			4.7			0.9			1.0			3.8

Combined ratio before catastrophes		86.8			85.3			91.7			94.6			87.9			(1.1	)		6.7
Combined ratio before catastrophes and prior year development [4]		87.1			88.5			89.8			92.1			87.4			(0.3	)		4.7


Total Property & Casualty Income and ROE
Net income	$	417		$	369		$	233		$	217		$	424			2	%		95	%
Core earnings		386			369			232			220			421			9	%		91	%
Core earnings ROE (last 12 months income-equity x-AOCI)		14.7	%		17.2	%		20.6	%		18.1	%		17.7	%		3.0			(0.4	)
Core earnings ROE (last 12 months income-equity x-AOCI) before tax related item [6]		14.3	%		16.7	%		20.6	%		18.1	%		17.7	%		3.4			(0.4	)


	PROPERTY & CASUALTY
	Dec. 31,		Mar. 31,
	2005		2006		Change
Selected Financial Data
Hartford Fire adjusted statutory surplus ($ in billions) [7]	$	7.1	$	7.3	$	0.2
Hartford Fire premium to adjusted surplus ratio		1.5		1.4		(0.1	)


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.

[2]		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]		The three months ended June 30, 2005 included 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.

[5]		Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.

[6]		The three months ended September 30, 2004 included a $26 tax benefit related to the audit settlement of tax years prior to 2004.

[7]		Estimated statutory surplus as of March 31, 2006.

PC-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,581		$	2,722		$	2,618		$	2,566		$	2,629			2	%		2	%
Change in unearned premium reserve		74			144			101			12			63			(15	%)	NM

Earned premiums [1]		2,507			2,578			2,517			2,554			2,566			2	%		—

Loss and loss adjustment expenses
Current year		1,580			1,655			1,749			1,731			1,628			3	%		(6	%)
Prior year [2]		34			33			94			87			13			(62	%)		(85	%)

Total loss and loss adjustment expenses [3]		1,614			1,688			1,843			1,818			1,641			2	%		(10	%)

Underwriting expenses		632			662			675			744			655			4	%		(12	%)
Dividends to policyholders		4			4			(1	)		8			4			—			(50	%)

Underwriting results		257			224			—			(16	)		266			4	%	NM

Net servicing income		13			15			12			9			18			38	%		100	%
Net investment income		337			328			349			351			357			6	%		2	%
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			—			—			—
Other expenses		(60	)		(39	)		(53	)		(51	)		(52	)		13	%		(2	%)
Income tax expense		(161	)		(159	)		(76	)		(73	)		(168	)		(4	%)		(130	%)

Core earnings		386			369			232			220			421			9	%		91	%

Add: Net realized capital gains (losses), after-tax		31			—			1			(3	)		3			(90	%)	NM


Net income	$	417		$	369		$	233		$	217		$	424			2	%		95	%

Total Property & Casualty effective tax rate — net income		29.9	%		30.0	%		25.0	%		24.4	%		28.6	%		(1.3	)		4.2
Total Property & Casualty effective tax rate — core earnings		29.5	%		30.0	%		24.9	%		24.7	%		28.6	%		(0.9	)		3.9


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.

[2]		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, and assumed reinsurance reserve strengthening of $73.

[3]		The three months ended September 30, 2005 included catastrophe losses from Hurricane Katrina and Hurricane Rita. The three months ended December 31, 2005 included catastrophe losses from Hurricane Wilma.

PC-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

ONGOING OPERATIONS
OPERATING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,579		$	2,722		$	2,616		$	2,566		$	2,629			2	%		2	%
Change in unearned premium reserve		75			143			101			12			64			(15	%)	NM

Earned premiums [1]		2,504			2,579			2,515			2,554			2,565			2	%		—

Loss and loss adjustment expenses
Current year		1,580			1,655			1,749			1,731			1,628			3	%		(6	%)
Prior year [2]		6			(74	)		43			61			(6	)	NM			NM

Total loss and loss adjustment expenses [3]		1,586			1,581			1,792			1,792			1,622			2	%		(9	%)

Underwriting expenses		629			660			671			735			652			4	%		(11	%)
Dividends to policyholders		4			4			(1	)		8			4			—			(50	%)

Underwriting results		285			334			53			19			287			1	%	NM

Net servicing income		13			15			12			9			18			38	%		100	%
Net investment income		260			258			279			285			291			12	%		2	%
Periodic net coupon settlements on credit derivatives, before-tax		—			—			—			—			—			—			—
Other expenses		(59	)		(37	)		(50	)		(56	)		(53	)		10	%		5	%
Income tax expense		(149	)		(178	)		(77	)		(63	)		(157	)		(5	%)		(149	%)


Core earnings		350			392			217			194			386			10	%		99	%

Add: Net realized capital gains (losses), after-tax		18			(4	)		1			(3	)		3			(83	%)	NM

Net income		368		$	388		$	218		$	191		$	389			6	%		104	%

Ongoing Operations effective tax rate — net income		30.2	%		31.1	%		26.1	%		24.7	%		29.0	%		(1.2	)		4.3
Ongoing Operations effective tax rate — core earnings		30.0	%		31.1	%		26.0	%		24.9	%		28.9	%		(1.1	)		4.0


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.

[2]		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]		The three months ended September 30, 2005 included catastrophe losses from Hurricane Katrina and Hurricane Rita. The three months ended December 31, 2005 included catastrophe losses from Hurricane Wilma.

PC-3

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

UNDERWRITING RESULTS


	THREE MONTHS ENDED													Year Over Year			Sequential
	Mar. 31,		Jun. 30,			Sept. 30,			Dec. 31,		Mar. 31,			3 Month			3 Month
	2005		2005			2005			2005		2006			Change			Change
UNDERWRITING RESULTS
Written premiums	$	2,579	$	2,722		$	2,616		$	2,566	$	2,629			2	%		2	%
Change in unearned premium reserve		75		143			101			12		64			(15	%)	NM

Earned premiums [1]		2,504		2,579			2,515			2,554		2,565			2	%		—

Loss and loss adjustment expenses
Current year		1,580		1,655			1,749			1,731		1,628			3	%		(6	%)
Prior year [2]		6		(74	)		43			61		(6	)	NM			NM

Total loss and loss adjustment expenses [3]		1,586		1,581			1,792			1,792		1,622			2	%		(9	%)

Underwriting expenses		629		660			671			735		652			4	%		(11	%)
Dividends to policyholders		4		4			(1	)		8		4			—			(50	%)

Underwriting results	$	285	$	334		$	53		$	19	$	287			1	%	NM


UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		63.1		64.2			69.6			67.7		63.4			(0.3	)		4.3
Prior year [2] [4]		0.2		(2.9	)		1.7			2.4		(0.2	)		0.4			2.6

Total loss and loss adjustment expenses		63.3		61.3			71.3			70.2		63.3			—			6.9

Expenses		25.1		25.6			26.7			28.7		25.4			(0.3	)		3.3
Policyholder dividends		0.2		0.2			—			0.3		0.2			—			0.1


Combined ratio		88.6		87.0			97.9			99.2		88.8			(0.2	)		10.4


Catastrophe ratio [3] [4]		1.9		1.7			6.2			4.7		0.9			1.0			3.8


Combined ratio before catastrophes		86.8		85.3			91.7			94.6		87.9			(1.1	)		6.7

Combined ratio before catastrophes and prior year development [4]		87.1		88.5			89.8			92.1		87.4			(0.3	)		4.7


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $60 in the third quarter of 2005 and $13 in the fourth quarter of 2005.

[2]		The three months ended June 30, 2005 included a net reserve release of $95 in Personal Lines, predominately related to allocated loss adjustment expenses on auto liability claims.

[3]		Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.

[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-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

BUSINESS INSURANCE
UNDERWRITING RESULTS


													Year Over
	THREE MONTHS ENDED												Year			Sequential
	Mar. 31,		Jun. 30,			Sept. 30,			Dec. 31,		Mar. 31,		3 Month			3 Month
	2005		2005			2005			2005		2006		Change			Change
UNDERWRITING RESULTS
Written premiums	$	1,238	$	1,247		$	1,223		$	1,293	$	1,302		5	%		1	%
Change in unearned premium reserve		88		50			29			49		39		(56	%)		(20	%)

Earned premiums [1]		1,150		1,197			1,194			1,244		1,263		10	%		2	%

Loss and loss adjustment expenses
Current year		689		722			728			810		767		11	%		(5	%)
Prior year		8		(8	)		(14	)		36		10		25	%		(72	%)

Total loss and loss adjustment expenses [2]		697		714			714			846		777		11	%		(8	%)

Underwriting expenses		333		340			358			380		349		5	%		(8	%)

Dividends to policyholders		2		2			(3	)		6		3		50	%		(50	%)

Underwriting results	$	118	$	141		$	125		$	12	$	134		14	%	NM


UNDERWRITING RATIOS

Loss and loss adjustment expenses
Current year		60.0		60.2			60.9			65.1		60.8		(0.8	)		4.3
Prior year [3]		0.7		(0.6	)		(1.2	)		2.9		0.8		(0.1	)		2.1

Total loss and loss adjustment expenses		60.7		59.6			59.7			68.1		61.5		(0.8	)		6.6

Expenses		28.9		28.4			30.1			30.5		27.7		1.2			2.8
Policyholder dividends		0.2		0.2			(0.2	)		0.5		0.2		—			0.3


Combined ratio		89.8		88.2			89.5			99.0		89.4		0.4			9.6

Catastrophe ratio [2] [3]		1.5		0.6			1.5			4.1		1.7		(0.2	)		2.4

Combined ratio before catastrophes		88.2		87.6			88.0			94.9		87.7		0.5			7.2

Combined ratio before catastrophes and prior year development [3]		88.3		88.2			89.0			91.9		87.4		0.9			4.5


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $14 in the third quarter of 2005 and $2 in the fourth quarter of 2005.

[2]		Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.

[3]		Included in both the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses.

PC-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

PERSONAL LINES
UNDERWRITING RESULTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
UNDERWRITING RESULTS
Written premiums	$	864		$	975		$	936		$	901		$	901			4	%		—
Change in unearned premium reserve		(25	)		61			46			(16	)		(18	)		28	%		(13	%)

Earned premiums [1]		889			914			890			917			919			3	%		—
Loss and loss adjustment expenses
Current year		577			603			623			586			589			2	%		1	%
Prior year [2]		(11	)		(94	)		(5	)		15			14		NM				(7	%)

Total loss and loss adjustment expenses [3]		566			509			618			601			603			7	%		—

Underwriting expenses		196			217			201			242			210			7	%		(13	%)

Underwriting results	$	127		$	188		$	71		$	74		$	106			(17	%)		43	%


UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		65.0			65.9			69.9			64.0			64.0			1.0			—
Prior year [2] [4]		(1.2	)		(10.3	)		(0.5	)		1.6			1.5			(2.7	)		0.1

Total loss and loss adjustment expenses		63.7			55.6			69.3			65.7			65.6			(1.9	)		0.1

Expenses		22.0			23.8			22.7			26.2			22.9			(0.9	)		3.3

Combined ratio		85.8			79.4			92.0			91.9			88.5			(2.7	)		3.4

Catastrophe ratio [3] [4]		2.5			2.4			5.8			0.9			3.2			(0.7	)		(2.3	)

Combined ratio before catastrophes		83.3			77.0			86.2			91.0			85.3			(2.0	)		5.7

Combined ratio before catastrophes and prior year development [4]		85.0			87.5			86.7			89.4			84.4			0.6			5.0


COMBINED RATIO
Automobile		89.6			81.5			92.4			99.3			93.2			(3.6	)		6.1
Homeowners		73.7			73.1			90.9			69.8			74.5			(0.8	)		(4.7	)

Total		85.8			79.4			92.0			91.9			88.5			(2.7	)		3.4


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $28 in the third quarter of 2005 and $3 in the fourth quarter of 2005.

[2]		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]		Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.

[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-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

SPECIALTY COMMERCIAL
UNDERWRITING RESULTS


														Year Over
	THREE MONTHS ENDED													Year			Sequential
	Mar. 31,		Jun. 30,		Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005		2005		2005			2005			2006			Change			Change
UNDERWRITING RESULTS
Written premiums	$	477	$	500	$	457		$	372		$	426			(11	%)		15	%
Change in unearned premium reserve		12		32		26			(21	)		43		NM			NM

Earned premiums [1]		465		468		431			393			383			(18	%)		(3	%)

Loss and loss adjustment expenses
Current year		314		330		398			335			272			(13	%)		(19	%)
Prior year [2]		9		28		62			10			(30	)	NM			NM

Total loss and loss adjustment expenses [3]		323		358		460			345			242			(25	%)		(30	%)

Underwriting expenses		100		103		112			113			93			(7	%)		(18	%)
Dividends to policyholders		2		2		2			2			1			(50	%)		(50	%)

Underwriting results	$	40	$	5	$	(143	)	$	(67	)	$	47			18	%	NM


UNDERWRITING RATIOS
Loss and loss adjustment expenses
Current year		67.1		70.9		92.8			84.6			70.9			(3.8	)		13.7
Prior year [2] [4]		1.9		5.8		14.6			2.7			(7.4	)		9.3			10.1

Total loss and loss adjustment expenses		69.1		76.7		107.4			87.3			63.6			5.5			23.7

Expenses		21.9		21.7		25.4			29.1			23.7			(1.8	)		5.4
Policyholder dividends		0.4		0.4		0.5			0.7			0.4			—			0.3


Combined ratio		91.3		98.8		133.3			117.0			87.7			3.6			29.3


Catastrophe ratio [3] [4]		1.5		3.3		19.7			15.1			(7.1	)		8.6			22.2


Combined ratio before catastrophes		89.8		95.5		113.6			101.9			94.8			(5.0	)		7.1

Combined ratio before catastrophes and prior year development [4]		88.0		91.0		98.2			99.2			94.6			(6.6	)		4.6


[1]		Earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $18 in the third quarter of 2005 and $8 in the fourth quarter of 2005.

[2]		The three months ended September 30, 2005 included workers compensation reserve strengthening of $70.

[3]		Catastrophe losses for the three months ended September 30, 2005 included losses from Hurricane Katrina and Hurricane Rita. Catastrophe losses for the three months ended December 31, 2005 included losses from Hurricane Wilma.

[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-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

OTHER OPERATIONS CLAIMS AND CLAIM ADJUSTMENT EXPENSES


For the Three Months Ended March 31, 2006	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	2,291		$	360		$	2,240		$	4,891
Claims and claim adjustment expenses incurred		2			—			17			19
Claims and claim adjustment expenses paid		(69	)		(15	)		(79	)		(163	)

Ending liability — net [2] [3]	$	2,224	[4]	$	345		$	2,178		$	4,747


[1]		“All Other” also includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.

[2]		Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $8 and $6, respectively, as of March 31, 2006, and $10 and $6, respectively, as of December 31, 2005. Total net claim and claim adjustment expenses incurred in Ongoing Operations for the three months ended March 31, 2006 includes $1 related to asbestos and environmental claims. Total net claim and claim adjustment expenses paid in Ongoing Operations for the three months ended March 31, 2006 includes $3 related to asbestos and environmental claims.

[3]		Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $3,665 and $411, respectively, as of March 31, 2006 and $3,845 and $432, respectively, as of December 31, 2005.

[4]		The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $189 and $537, respectively, resulting in a one year net survival ratio of 11.8 and a three year net survival ratio of 4.2 (11.6 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

UNPAID CLAIMS AND CLAIM ADJUSTMENT EXPENSE RESERVE ROLLFORWARD


	For the Three Months Ended March 31, 2006
	Business			Personal			Specialty			Ongoing			Other			Total
	Insurance			Lines			Commercial			Operations			Operations			P&C
Liabilities for unpaid claims and claim adjustment expenses at 1/1/06 — gross	$	7,066		$	2,152		$	6,202		$	15,420		$	6,846		$	22,266
Reinsurance and other recoverables		709			385			2,354			3,448			1,955			5,403


Liabilities for unpaid claims and claim adjustment expenses at 1/1/06 — net		6,357			1,767			3,848			11,972			4,891			16,863

Provision for unpaid claims and claim adjustment expenses Current year		767			589			272			1,628			—			1,628
Prior year		10			14			(30	)		(6	)		19			13

Total provision for unpaid claims and claim adjustment expenses		777			603			242			1,622			19			1,641


Payments		(613	)		(563	)		(190	)		(1,366	)		(163	)		(1,529	)


Liabilities for unpaid claims and claim adjustment expenses at 3/31/06 — net		6,521			1,807			3,900			12,228			4,747			16,975
Reinsurance and other recoverables		615			263			2,313			3,191			1,808			4,999


Liabilities for unpaid claims and claim adjustment expenses at 3/31/06 — gross	$	7,136		$	2,070		$	6,213		$	15,419		$	6,555		$	21,974



Earned premiums	$	1,263		$	919		$	383		$	2,565		$	1		$	2,566
Loss and loss expense paid ratio		48.5			61.3			50.1			53.3
Loss and loss expense incurred ratio		61.5			65.6			63.6			63.3
Prior accident year development (pts.)		0.8			1.5			(7.4	)		(0.2	)

PC-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

CONSOLIDATED INCOME STATEMENTS


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Earned premiums	$	2,507		$	2,578		$	2,517		$	2,554		$	2,566			2	%		—
Net investment income		337			328			349			351			357			6	%		2	%
Other revenues		112			115			115			121			123			10	%		2	%
Net realized capital gains (losses)		48			—			2			(6	)		5			(90	%)	NM

Total revenues		3,004			3,021			2,983			3,020			3,051			2	%		1	%

Benefits, claims and claim adjustment expenses [1]		1,614			1,688			1,843			1,818			1,641			2	%		(10	%)
Amortization of deferred policy acquisition costs		492			498			500			507			518			5	%		2	%
Insurance operating costs and expenses		144			168			174			245			141			(2	%)		(42	%)
Other expenses		159			139			156			163			157			(1	%)		(4	%)

Total benefits and expenses		2,409			2,493			2,673			2,733			2,457			2	%		(10	%)

Income before income taxes		595			528			310			287			594			—			107	%

Income tax expense		178			159			77			70			170			(4	%)		143	%


Net income		417			369			233			217			424			2	%		95	%

Less: Net realized capital gains (losses), after-tax		31			—			1			(3	)		3			(90	%)	NM

Core earnings	$	386		$	369		$	232		$	220		$	421			9	%		91	%

Total Property & Casualty effective tax rate — net income		29.9	%		30.0	%		25.0	%		24.4	%		28.6	%		(1.3	)		4.2
Total Property & Casualty effective tax rate — core earnings		29.5	%		30.0	%		24.9	%		24.7	%		28.6	%		(0.9	)		3.9


[1]		The three months ended June 30, 2005 included assumed reinsurance reserve strengthening of $73 and a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims.

PC-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY

CONSOLIDATED BALANCE SHEETS


	AS OF											Year Over
	Mar. 31,		Jun. 30,		Sept. 30,		Dec. 31,			Mar. 31,		Year			Sequential
	2005		2005		2005		2005			2006		Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	24,130	$	24,550	$	24,994	$	25,330		$	24,984		4	%		(1	%)
Equity securities, available for sale, at fair value		427		589		604		661			719		68	%		9	%
Mortgage loans		196		193		175		218			225		15	%		3	%
Other investments		574		618		594		644			712		24	%		11	%

Total investments		25,327		25,950		26,367		26,853			26,640		5	%		(1	%)

Cash		241		256		258		272			290		20	%		7	%
Premiums receivable and agents’ balances		2,910		2,916		2,801		3,308			3,321		14	%		—
Reinsurance recoverables		5,186		4,943		5,306		5,560			5,261		1	%		(5	%)
Deferred policy acquisition costs		1,080		1,095		1,113		1,134			1,150		6	%		1	%
Deferred income tax		914		738		858		904			984		8	%		9	%
Goodwill		152		152		152		152			152		—			—
Property and equipment, net		464		466		475		485			485		5	%		—
Other assets		1,728		1,755		1,713		1,614			1,624		(6	%)		1	%

Total assets	$	38,002	$	38,271	$	39,043	$	40,282		$	39,907		5	%		(1	%)


Future policy benefits, unpaid claims and claim adjustment expenses	$	21,301	$	21,104	$	21,791	$	22,266		$	21,974		3	%		(1	%)
Unearned premiums		4,886		4,987		5,049		5,502			5,607		15	%		2	%
Other liabilities		3,591		3,524		3,707		3,865			3,492		(3	%)		(10	%)

Total liabilities		29,778		29,615		30,547		31,633			31,073		4	%		(2	%)


Equity, x-AOCI, net of tax		7,876		8,080		8,183		8,398			8,816		12	%		5	%
AOCI, net of tax		348		576		313		251			18		(95	%)		(93	%)

Total stockholders’ equity		8,224		8,656		8,496		8,649			8,834		7	%		2	%


Total liabilities and stockholders’ equity	$	38,002	$	38,271	$	39,043	$	40,282		$	39,907		5	%		(1	%)



Hartford Fire NAIC RBC								509	%

PC-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX
CONSOLIDATED


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	826		$	850		$	865		$	885		$	897			9	%		1	%
Tax-exempt		128			131			130			137			135			5	%		(1	%)

Total fixed maturities		954			981			995			1,022			1,032			8	%		1	%
Equities
Available-for-sale		12			11			16			19			23			92	%		21	%
Held for trading		221			303			1,500			1,823			454			105	%		(75	%)

Total equities		233			314			1,516			1,842			477			105	%		(74	%)
Mortgage loans		17			19			22			26			31			82	%		19	%
Policy loans		36			36			36			36			33			(8	%)		(8	%)
Limited partnerships		18			19			47			21			6			(67	%)		(71	%)
Other		48			17			22			17			24			(50	%)		41	%

Subtotal		1,306			1,386			2,638			2,964			1,603			23	%		(46	%)
Less: Investment expense		13			16			14			20			22			69	%		10	%

Total net investment income	$	1,293		$	1,370		$	2,624		$	2,944		$	1,581			22	%		(46	%)
Less: Securities held for trading		221			303			1,500			1,823			454			105	%		(75	%)

Total net investment income excluding trading securities	$	1,072		$	1,067		$	1,124		$	1,121		$	1,127			5	%		1	%


Investment yield, before-tax [2]		5.6	%		5.6	%		5.8	%		5.6	%		5.6	%		—			—
Investment yield, after-tax [2]		3.9	%		3.8	%		4.0	%		3.9	%		3.9	%		—			—

Net Realized Capital Gains (Losses)
Gross gains on sale	$	160		$	163		$	123		$	63		$	91			(43	%)		44	%
Gross losses on sale		(67	)		(118	)		(98	)		(81	)		(106	)		(58	%)		(31	%)
Impairments		(1	)		(10	)		(20	)		(16	)		(23	)	NM				(44	%)
Japanese fixed annuity contract hedges, net [3]		36			(40	)		(32	)		—			(44	)	NM				—
Periodic net coupon settlements on credit derivatives/Japan [4]		(4	)		(9	)		(8	)		(11	)		(14	)	NM				(27	%)
GMWB derivatives, net		7			1			(1	)		(53	)		(13	)	NM				75	%
Other net gain (loss) [5]		8			3			12			10			(12	)	NM			NM


Total net realized capital gains (losses)	$	139		$	(10	)	$	(24	)	$	(88	)	$	(121	)	NM				(38	%)


[1]		Includes income on short-term bonds.

[2]		The investment yield calculation excludes equity securities held for trading, collateral received associated with the securities lending program and reverse repurchase agreements as well as consolidated variable interest entity minority interests.

[3]		Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).

[4]		Included in core earnings.

[5]		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.

I-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX

LIFE


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	612		$	635		$	641		$	657		$	663			8	%		1	%
Tax-exempt		27			28			29			30			29			7	%		(3	%)

Total fixed maturities		639			663			670			687			692			8	%		1	%
Equities
Available-for-sale		9			8			10			13			15			67	%		15	%
Held for trading		221			303			1,500			1,823			454			105	%		(75	%)

Total equities		230			311			1,510			1,836			469			104	%		(74	%)
Mortgage loans		14			16			20			23			28			100	%		22	%
Policy loans		36			36			36			36			33			(8	%)		(8	%)
Limited partnerships		7			5			36			11			9			29	%		(18	%)
Other		33			16			10			10			5			(85	%)		(50	%)

Subtotal		959			1,047			2,282			2,603			1,236			29	%		(53	%)
Less: Investment expense		9			11			11			15			16			78	%		7	%

Total net investment income	$	950		$	1,036		$	2,271		$	2,588		$	1,220			28	%		(53	%)
Less: Securities held for trading		221			303			1,500			1,823			454			105	%		(75	%)

Total net investment income excluding trading securities	$	729		$	733		$	771		$	765		$	766			5	%		—

Investment yield, before-tax [2]		5.6	%		5.6	%		5.8	%		5.7	%		5.7	%		0.1			—
Investment yield, after-tax [2]		3.7	%		3.7	%		3.9	%		3.8	%		3.8	%		0.1			—
Net Realized Capital Gains (Losses)
Gross gains on sale	$	98		$	123		$	89		$	36		$	41			(58	%)		14	%
Gross losses on sale		(48	)		(84	)		(72	)		(50	)		(59	)		(23	%)		(18	%)
Impairments		(1	)		(5	)		(16	)		(15	)		(9	)	NM				40	%
Japanese fixed annuity contract hedges, net [3]		36			(40	)		(32	)		—			(44	)	NM				—
Periodic net coupon settlements on credit derivatives/Japan [4]		(4	)		(9	)		(8	)		(11	)		(14	)	NM				(27	%)
GMWB derivatives, net		7			1			(1	)		(53	)		(13	)	NM				75	%
Other net gain (loss) [5]		4			5			14			11			(28	)	NM			NM


Total net realized capital gains (losses)	$	92		$	(9	)	$	(26	)	$	(82	)	$	(126	)	NM				(54	%)


[1]		Includes income on short-term bonds.

[2]		The investment yield calculation excludes equity securities held for trading, collateral received associated with the securities lending program and reverse repurchase agreements as well as consolidated variable interest entity minority interests.

[3]		Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).

[4]		Included in core earnings.

[5]		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.

I-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT EARNINGS BEFORE-TAX

PROPERTY & CASUALTY


																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2005			2005			2005			2005			2006			Change			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	212		$	213		$	220		$	223		$	230			8	%		3	%
Tax-exempt		101			103			101			107			106			5	%		(1	%)

Total fixed maturities		313			316			321			330			336			7	%		2	%
Equities — available-for-sale		3			3			6			6			8			167	%		33	%
Mortgage loans		3			3			2			3			3			—			—
Limited partnerships		11			14			11			10			(3	)	NM			NM
Other		11			(3	)		12			7			19			73	%		171	%

Subtotal		341			333			352			356			363			6	%		2	%
Less: Investment expense		4			5			3			5			6			50	%		20	%

Total net investment income	$	337		$	328		$	349		$	351		$	357			6	%		2	%

Investment yield, before-tax [2]		5.6	%		5.4	%		5.6	%		5.5	%		5.5	%		(0.1	)		—
Investment yield, after-tax [2]		4.2	%		4.0	%		4.2	%		4.1	%		4.1	%		(0.1	)		—
Net Realized Capital Gains (Losses)
Gross gains on sale	$	62		$	40		$	34		$	27		$	50			(19	%)		85	%
Gross losses on sale		(19	)		(34	)		(26	)		(31	)		(47	)		(147	%)		(52	%)
Impairments		—			(5	)		(4	)		(1	)		(14	)		—		NM
Other net gain (loss) [4]		5			(1	)		(2	)		(1	)		16		NM			NM

Total net realized capital gains (losses)	$	48		$	—		$	2		$	(6	)	$	5			(90	%)	NM


[1]		Includes income on short-term bonds.

[2]		The investment yield calculation excludes the collateral received associated with the securities lending program and reverse repurchase agreements.

[3]		Included in core earnings.

[4]		Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments.

I-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

CONSOLIDATED


	March 31,					June 30,					September 30,					December 31,					March 31,
	2005					2005					2005					2005					2006
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	75,215		77.9	%	$	76,554		76.1	%	$	76,461		73.8	%	$	76,440		71.5	%	$	75,719		69.6	%
Equity securities, at fair value
Available-for-sale		1,089		1.1	%		1,382		1.4	%		1,401		1.4	%		1,461		1.4	%		1,539		1.4	%
Held for trading		15,855		16.5	%		17,955		17.8	%		21,247		20.5	%		24,034		22.5	%		26,057		23.9	%

Total equity securities, at fair value		16,944		17.6	%		19,337		19.2	%		22,648		21.9	%		25,495		23.9	%		27,596		25.3	%
Policy loans, at outstanding balance		2,119		2.2	%		2,140		2.1	%		2,009		1.9	%		2,016		1.9	%		2,007		1.9	%
Mortgage loans, at cost		1,175		1.2	%		1,341		1.4	%		1,353		1.3	%		1,731		1.6	%		2,145		2.0	%
Limited partnerships, at fair value		459		0.5	%		524		0.5	%		564		0.5	%		668		0.6	%		774		0.7	%
Other investments [2]		596		0.6	%		728		0.7	%		582		0.6	%		585		0.5	%		578		0.5	%

Total investments	$	96,508		100.0	%	$	100,624		100.0	%	$	103,617		100.0	%	$	106,935		100.0	%	$	108,819		100.0	%
Less: Securities held for trading		15,855		16.5	%		17,955		17.8	%		21,247		20.5	%		24,034		22.5	%		26,057		23.9	%

Total investments excluding trading securities	$	80,653		83.5	%	$	82,669		82.2	%	$	82,370		79.5	%	$	82,901		77.5	%	$	82,762		76.1	%

HIMCO managed third party accounts	$	3,928				$	4,832				$	4,640				$	4,710				$	4,849

Asset-backed securities (“ABS”)	$	7,438		9.9	%	$	7,906		10.3	%	$	8,029		10.5	%	$	7,878		10.3	%	$	7,867		10.4	%
Commercial mortgage-backed securities (“CMBS”)		11,640		15.5	%		12,299		16.1	%		12,641		16.5	%		13,002		17.0	%		13,224		17.5	%
Collateralized mortgage obligation (“CMO”)		1,155		1.5	%		1,118		1.5	%		1,079		1.4	%		990		1.3	%		1,003		1.3	%
Corporate		34,743		46.2	%		35,426		46.3	%		34,388		45.0	%		34,018		44.5	%		34,012		44.9	%
Government/Government agencies — Foreign		1,596		2.1	%		1,483		1.9	%		1,468		1.9	%		1,467		1.9	%		1,429		1.9	%
Government/Government agencies — U.S.		1,142		1.5	%		848		1.1	%		1,071		1.4	%		898		1.2	%		1,014		1.3	%
Mortgage-backed securities (“MBS”) — agency		3,292		4.4	%		3,525		4.6	%		3,480		4.5	%		3,861		5.0	%		2,963		3.9	%
Municipal — taxable		1,022		1.4	%		1,188		1.5	%		1,199		1.6	%		1,199		1.6	%		1,139		1.5	%
Municipal — tax-exempt		10,237		13.6	%		10,436		13.6	%		11,081		14.5	%		11,019		14.4	%		10,841		14.3	%
Redeemable preferred stock		37		—			42		0.1	%		41		0.1	%		45		0.1	%		41		0.1	%
Short-term		2,913		3.9	%		2,283		3.0	%		1,984		2.6	%		2,063		2.7	%		2,186		2.9	%

Total fixed maturities [1]	$	75,215		100.0	%	$	76,554		100.0	%	$	76,461		100.0	%	$	76,440		100.0	%	$	75,719		100.0	%

AAA	$	18,246		24.3	%	$	18,965		24.8	%	$	20,346		26.6	%	$	19,837		26.0	%	$	20,197		26.7	%
AA		9,281		12.3	%		10,207		13.3	%		9,728		12.7	%		10,143		13.3	%		10,299		13.6	%
A		17,937		23.8	%		18,693		24.4	%		19,216		25.1	%		18,914		24.7	%		18,544		24.5	%
BBB		18,492		24.6	%		18,175		23.7	%		17,102		22.4	%		16,892		22.1	%		16,575		21.9	%
U.S. Government/Government agencies		5,465		7.3	%		5,413		7.1	%		5,199		6.8	%		5,686		7.4	%		4,926		6.5	%
BB & below		2,881		3.8	%		2,818		3.7	%		2,886		3.8	%		2,905		3.8	%		2,992		3.9	%
Short-term		2,913		3.9	%		2,283		3.0	%		1,984		2.6	%		2,063		2.7	%		2,186		2.9	%

Total fixed maturities [1]	$	75,215		100.0	%	$	76,554		100.0	%	$	76,461		100.0	%	$	76,440		100.0	%	$	75,719		100.0	%


[1]		Includes $208, $281, $352, $298 and $164 in Corporate at March 31, 2005, June 30, 2005, September 30, 2005, December 31, 2005 and March 31, 2006, respectively, of which $201, $130, $114, $89 and $97, respectively, were investments held by The Hartford Financial Services Group, Inc.

[2]		Includes $1, $7, $2, $0 and $0 in Corporate at March 31, 2005, June 30, 2005, September 30, 2005, December 31, 2005 and March 31, 2006, respectively.

I-5

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

LIFE


	March 31,					June 30,					September 30,					December 31,					March 31,
	2005					2005					2005					2005					2006
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	50,877		71.7	%	$	51,723		69.5	%	$	51,115		66.5	%	$	50,812		63.7	%	$	50,571		61.7	%
Equity securities, at fair value
Available-for-sale		662		0.9	%		793		1.1	%		797		1.1	%		800		1.0	%		820		1.0	%
Held for trading		15,855		22.3	%		17,955		24.1	%		21,247		27.6	%		24,034		30.1	%		26,057		31.8	%

Total equity securities, at fair value		16,517		23.2	%		18,748		25.2	%		22,044		28.7	%		24,834		31.1	%		26,877		32.8	%
Policy loans, at outstanding balance		2,119		3.0	%		2,140		2.9	%		2,009		2.6	%		2,016		2.5	%		2,007		2.4	%
Mortgage loans, at cost		979		1.4	%		1,148		1.6	%		1,178		1.5	%		1,513		1.9	%		1,920		2.3	%
Limited partnerships, at fair value		273		0.4	%		309		0.4	%		369		0.5	%		431		0.6	%		491		0.6	%
Other investments		207		0.3	%		318		0.4	%		181		0.2	%		178		0.2	%		149		0.2	%


Total investments	$	70,972		100.0	%	$	74,386		100.0	%	$	76,896		100.0	%	$	79,784		100.0	%	$	82,015		100.0	%
Less: Securities held for trading		15,855		22.3	%		17,955		24.1	%		21,247		27.6	%		24,034		30.1	%		26,057		31.8	%


Total investments excluding trading securities	$	55,117		77.7	%	$	56,431		75.9	%	$	55,649		72.4	%	$	55,750		69.9	%	$	55,958		68.2	%


ABS	$	6,426		12.6	%	$	6,772		13.1	%	$	6,983		13.7	%	$	6,792		13.4	%	$	6,784		13.4	%
CMBS		8,588		16.9	%		8,930		17.3	%		9,187		18.0	%		9,367		18.4	%		9,552		18.9	%
CMO		1,027		2.0	%		996		1.9	%		941		1.8	%		862		1.7	%		870		1.7	%
Corporate		25,932		51.0	%		26,038		50.3	%		25,042		49.0	%		24,812		48.8	%		24,648		48.7	%
Government/Government agencies — Foreign		775		1.5	%		729		1.4	%		753		1.5	%		765		1.5	%		746		1.5	%
Government/Government agencies — U.S.		927		1.8	%		700		1.4	%		834		1.6	%		649		1.3	%		806		1.6	%
MBS — agency		2,250		4.4	%		2,481		4.8	%		2,413		4.7	%		2,757		5.4	%		2,147		4.2	%
Municipal — taxable		808		1.6	%		965		1.9	%		990		1.9	%		991		2.0	%		942		1.9	%
Municipal — tax-exempt		2,260		4.5	%		2,478		4.8	%		2,486		4.9	%		2,466		4.9	%		2,407		4.8	%
Redeemable preferred stock		12		—			14		—			13		—			17		—			16		—
Short-term		1,872		3.7	%		1,620		3.1	%		1,473		2.9	%		1,334		2.6	%		1,653		3.3	%

Total fixed maturities	$	50,877		100.0	%	$	51,723		100.0	%	$	51,115		100.0	%	$	50,812		100.0	%	$	50,571		100.0	%


AAA	$	10,008		19.6	%	$	10,596		20.5	%	$	11,311		22.1	%	$	10,746		21.1	%	$	11,010		21.8	%
AA		5,986		11.8	%		6,565		12.7	%		6,156		12.1	%		6,490		12.8	%		6,714		13.3	%
A		13,242		26.0	%		13,543		26.2	%		13,924		27.2	%		13,865		27.3	%		13,568		26.8	%
BBB		13,945		27.4	%		13,616		26.3	%		12,710		24.9	%		12,490		24.6	%		12,180		24.1	%
U.S. Government/Government agencies		4,111		8.1	%		4,130		8.0	%		3,887		7.6	%		4,232		8.3	%		3,797		7.5	%
BB & below		1,713		3.4	%		1,653		3.2	%		1,654		3.2	%		1,655		3.3	%		1,649		3.2	%
Short-term		1,872		3.7	%		1,620		3.1	%		1,473		2.9	%		1,334		2.6	%		1,653		3.3	%


Total fixed maturities	$	50,877		100.0	%	$	51,723		100.0	%	$	51,115		100.0	%	$	50,812		100.0	%	$	50,571		100.0	%

I-6

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

PROPERTY & CASUALTY


	March 31,					June 30,					September 30,					December 31,					March 31,
	2005					2005					2005					2005					2006
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	24,130		95.3	%	$	24,550		94.6	%	$	24,994		94.8	%	$	25,330		94.3	%	$	24,984		93.8	%
Equity securities, available-for-sale, at fair value		427		1.7	%		589		2.3	%		604		2.3	%		661		2.5	%		719		2.7	%
Mortgage loans, at cost		196		0.8	%		193		0.7	%		175		0.7	%		218		0.8	%		225		0.8	%
Limited partnerships, at fair value		186		0.7	%		215		0.8	%		195		0.7	%		237		0.9	%		283		1.1	%
Other investments		388		1.5	%		403		1.6	%		399		1.5	%		407		1.5	%		429		1.6	%

Total investments	$	25,327		100.0	%	$	25,950		100.0	%	$	26,367		100.0	%	$	26,853		100.0	%	$	26,640		100.0	%


ABS	$	1,012		4.2	%	$	1,134		4.6	%	$	1,046		4.2	%	$	1,086		4.3	%	$	1,083		4.4	%
CMBS		3,052		12.6	%		3,369		13.7	%		3,454		13.8	%		3,635		14.3	%		3,672		14.7	%
CMO		128		0.5	%		122		0.5	%		138		0.6	%		128		0.5	%		133		0.5	%
Corporate		8,811		36.5	%		9,189		37.4	%		9,085		36.3	%		9,026		35.6	%		9,250		37.0	%
Government/Government agencies — Foreign		821		3.4	%		754		3.1	%		715		2.9	%		702		2.8	%		683		2.7	%
Government/Government agencies — U.S.		215		0.9	%		148		0.6	%		237		0.9	%		249		1.0	%		208		0.8	%
MBS — agency		1,042		4.3	%		1,044		4.3	%		1,067		4.3	%		1,104		4.4	%		816		3.3	%
Municipal — taxable		214		0.9	%		223		0.9	%		209		0.8	%		208		0.8	%		197		0.8	%
Municipal — tax-exempt		7,977		33.1	%		7,958		32.4	%		8,595		34.4	%		8,553		33.8	%		8,434		33.8	%
Redeemable preferred stock		25		0.1	%		28		0.1	%		28		0.1	%		28		0.1	%		25		0.1	%
Short-term		833		3.5	%		581		2.4	%		420		1.7	%		611		2.4	%		483		1.9	%

Total fixed maturities	$	24,130		100.0	%	$	24,550		100.0	%	$	24,994		100.0	%	$	25,330		100.0	%	$	24,984		100.0	%


AAA	$	8,238		34.1	%	$	8,354		34.0	%	$	9,018		36.1	%	$	9,080		35.9	%	$	9,181		36.8	%
AA		3,295		13.7	%		3,549		14.5	%		3,452		13.8	%		3,563		14.1	%		3,528		14.1	%
A		4,695		19.5	%		5,060		20.6	%		5,179		20.7	%		4,974		19.6	%		4,926		19.7	%
BBB		4,547		18.8	%		4,558		18.6	%		4,381		17.5	%		4,398		17.4	%		4,394		17.6	%
U.S. Government/Government agencies		1,354		5.6	%		1,283		5.2	%		1,312		5.3	%		1,454		5.7	%		1,129		4.5	%
BB & below		1,168		4.8	%		1,165		4.7	%		1,232		4.9	%		1,250		4.9	%		1,343		5.4	%
Short-term		833		3.5	%		581		2.4	%		420		1.7	%		611		2.4	%		483		1.9	%


Total fixed maturities	$	24,130		100.0	%	$	24,550		100.0	%	$	24,994		100.0	%	$	25,330		100.0	%	$	24,984		100.0	%

I-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING

CONSOLIDATED [1] [2]


	March 31, 2006							December 31, 2005
	Amortized		Fair Value		Unrealized			Amortized		Fair Value		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	15,767	$	15,495	$	(272	)	$	17,986	$	17,704	$	(282	)
Greater than three months to six months		13,604		13,072		(532	)		5,143		5,013		(130	)
Greater than six months to nine months		4,242		4,068		(174	)		1,061		1,036		(25	)
Greater than nine months to twelve months		726		707		(19	)		3,001		2,907		(94	)
Greater than twelve months		7,049		6,698		(351	)		5,053		4,826		(227	)

Total	$	41,388	$	40,040	$	(1,348	)	$	32,244	$	31,486	$	(758	)


BIG [4] and Equity AFS [3] Securities

Three months or less	$	882	$	863	$	(19	)	$	686	$	657	$	(29	)
Greater than three months to six months		377		357		(20	)		252		242		(10	)
Greater than six months to nine months		206		199		(7	)		170		165		(5	)
Greater than nine months to twelve months		99		94		(5	)		89		85		(4	)
Greater than twelve months		403		348		(55	)		353		309		(44	)

Total	$	1,967	$	1,861	$	(106	)	$	1,550	$	1,458	$	(92	)


[1]		As of March 31, 2006, fixed maturities represented $1,335, or 99%, of the Company’s total unrealized loss of available-for-sale securities. There were no fixed maturities as of March 31, 2006 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 March 31, 2006 and December 31, 2005, 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 “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2005 Form 10-K Annual Report.

[2]		Includes investments held in Corporate.

[3]		Represents available-for-sale (“AFS”) securities.

[4]		Represents below investment grade (“BIG”) securities.

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES

AS OF MARCH 31, 2006


	LIFE
			Percent of
			Total
	Fair		Invested
	Value		Assets
TOP TEN CORPORATE
FIXED MATURITY
EXPOSURES BY SECTOR
Financial services	$	7,108		8.7	%
Technology and communications		3,082		3.8	%
Utilities		2,882		3.5	%
Consumer non cyclical		2,341		2.9	%
Basic industry		2,211		2.7	%
Consumer cyclical		2,163		2.6	%
Capital goods		1,703		2.1	%
Energy		1,181		1.4	%
Other		1,320		1.6	%
Transportation		657		0.8	%


Total	$	24,648		30.1	%

TOP TEN EXPOSURES
BY ISSUER [2]
JPMorgan Chase & Co.	$	295		0.4	%
AT&T Inc.		254		0.3	%
BNP Paribas		253		0.3	%
HSBC Holdings PLC		244		0.3	%
Bank of America Corp.		241		0.3	%
Royal Bank of Scotland Group PLC		230		0.3	%
ABN AMRO Holding N.V.		213		0.3	%
ConocoPhillips		201		0.2	%
Credit Suisse Group		195		0.2	%
Barclays Bank PLC		186		0.2	%


Total	$	2,312		2.8	%


	P&C
			Percent of
			Total
	Fair		Invested
	Value		Assets
Financial services	$	2,534		9.5	%
Technology and communications		1,321		5.0	%
Utilities		1,270		4.8	%
Consumer non cyclical		917		3.4	%
Basic industry		797		3.0	%
Consumer cyclical		717		2.7	%
Capital goods		600		2.3	%
Energy		521		1.9	%
Other		359		1.3	%
Transportation		214		0.8	%


Total	$	9,250		34.7	%

State of California	$	268		1.0	%
New York City, NY		224		0.8	%
State of Georgia		209		0.8	%
State of Illinios		205		0.8	%
State of Massachusetts		197		0.7	%
The Goldman Sachs Group, Inc.		165		0.6	%
SLM Corporation		129		0.5	%
Merrill Lynch & Co., Inc.		127		0.5	%
Puerto Rico Public Buildings Authority		117		0.4	%
Deutsche Bank AG		95		0.4	%

Total	$	1,736		6.5	%


	CONSOLIDATED [1]
			Percent of
			Total
	Fair		Invested
	Value		Assets
Financial services	$	9,730		8.9	%
Technology and communications		4,407		4.1	%
Utilities		4,152		3.8	%
Consumer non cyclical		3,260		3.0	%
Basic industry		3,015		2.8	%
Consumer cyclical		2,887		2.7	%
Capital goods		2,309		2.1	%
Energy		1,702		1.6	%
Other		1,679		1.5	%
Transportation		871		0.8	%

Total	$	34,012		31.3	%


State of California	$	428		0.4	%
JPMorgan Chase & Co.		369		0.3	%
AT&T Inc.		347		0.3	%
The Goldman Sachs Group, Inc.		337		0.3	%
State of Massachusetts		321		0.3	%
HSBC Holdings PLC		321		0.3	%
State of Illinios		317		0.3	%
BNP Paribas		310		0.3	%
Merrill Lynch & Co., Inc.		290		0.3	%
Bank of America Corp.		285		0.3	%


Total	$	3,325		3.1	%


[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


	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 March 31, 2006 and 2005	C-3
	Consolidating Balance Sheets As of March 31, 2006 and December 31, 2005	C-4
	Capital Structure	C-5
	Accumulated Other Comprehensive Income	C-6
	Computation of Basic and Diluted Earnings Per Share	C-7
	Analysis of Net Realized Capital Gains and Losses Three Months Ended March 31, 2006 and 2005	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 December 31, 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/Deposits	L-11
	Assets Under Management	L-12
	Individual Annuity — Account Value Rollforward	L-13
	Other Retail — Account Value Rollforward	L-14
	Retirement Plans
	Income Statements	L-15
	Supplemental Data
	Sales/Deposits	L-16
	Assets Under Management	L-17
	Account Value Rollforward	L-18
	Institutional Solutions Group
	Income Statements	L-19
	Supplemental Data
	Sales/Deposits	L-20
	Assets Under Management	L-21
	Account Value and Asset Rollforward	L-22
	Individual Life
	Income Statements	L-23
	Supplemental Data	L-24
	Account Value Rollforward	L-25
LIFE (CONT.)	Group Benefits
	Income Statements	L-26
	Supplemental Data	L-27
	International
	Highlights	L-28
	Japan
	Income Statements	L-29
	Supplemental Data — Account Value Rollforward	L-30
PROPERTY &	Financial Highlights	PC-1
CASUALTY	Operating Results	PC-2
	Ongoing Operations Operating Results	PC-3
	Ongoing Operations Consolidating Underwriting Results Three Months Ended March 31, 2006	PC-4
	Ongoing Operations 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 Operating Results	PC-13
	Other Operations Claims and Claim Adjustment Expenses	PC-14
	Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-15
	Unpaid Claims and Claim Adjustment Expense Reserve Rollforward Three Months Ended March 31, 2006	PC-16
	Reinsurance Recoverable Analysis	PC-17
	Consolidated Income Statements	PC-18
	Consolidated Balance Sheets	PC-19
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-20
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 March 31, 2006	I-11


	Mar. 31,			June 30,			Sept. 30,			Dec. 31,			Mar. 31,
	2005			2005			2005			2005			2006
Numerator [1]:
Net income — last 12 months	$	2,213		$	2,382		$	2,427		$	2,274		$	2,336
Core earnings — last 12 months	$	2,054		$	2,253		$	2,341		$	2,242		$	2,457
Core earnings, before tax related items — last 12 months	$	1,838		$	2,037		$	2,341		$	2,242		$	2,457

Denominator [2]:
Average equity, including AOCI		13,874.0			13,932.5			14,480.0			14,781.5			14,810.5
Less: Average AOCI		1,429.0			949.5			1,001.5			757.5			116.5

Average equity, excluding AOCI		12,445.0			12,983.0			13,478.5			14,024.0			14,694.0

ROE (net income last 12 months to equity including AOCI)		16.0	%		17.1	%		16.8	%		15.4	%		15.8	%
ROE (core earnings last 12 months to equity excluding AOCI)		16.5	%		17.4	%		17.4	%		16.0	%		16.7	%
ROE (core earnings, before tax related items last 12 months to equity excluding AOCI) [1]		14.8	%		15.7	%		17.4	%		16.0	%		16.7	%


Gross statutory reinsurance reserve credit	$	1,816
Liability for reinsurance in unauthorized companies		(9	)

Net statutory reinsurance reserve credit	$	1,807


Statutory amounts recoverable from reinsurers	$	164


	December 31, 2005			December 31, 2004
Statutory Capital and Surplus	$	4,348		$	5,118
GAAP Adjustments Investment in subsidiaries		(469	)		(883	)
Deferred policy acquisition costs		8,567			7,437
Deferred taxes		(847	)		(964	)
Benefit reserves		(3,268	)		(3,354	)
Unrealized gains on investments, net of impairments		1,193			2,158
Asset valuation reserve and interest maintenance reserve		531			688
Goodwill		463			387
Other, net		(246	)		(365	)

GAAP Stockholders’ Equity	$	10,272		$	10,222


[1]		For a reconciliation of net income to core earnings, see page C-7.

[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.

	•		53% of this amount is with reinsurers rated “A+” by A.M. Best at April 13, 2006.

	•		4% of this amount is with reinsurers rated “A” by A.M. Best at April 13, 2006.

	•		37% of this amount is with reinsurers rated “A-” by A.M. Best at April 13, 2006.

	•		6% of this amount is with reinsurers rated “B++” by A.M. Best at April 13, 2006.


[1]		Assets includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.

[2]		Includes front end loads on A share products


[1]		Included in the prior year loss and loss adjustment expenses ratio and catastrophe ratio is prior accident year development on catastrophe losses.


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


	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Three Months Ended March 31, 2006	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
Gross
Direct	$	137		$	3		$	9		$	—
Assumed — Domestic		36			—			8			—
London Market		9			—			3			—

Total		182			3			20			—
Ceded		(113	)		(1	)		(5	)		—

Net	$	69		$	2		$	15		$	—


[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 months ended March 31, 2006 includes $1 related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three months ended March 31, 2006 includes $3 related to asbestos and environmental claims.


	March 31,			December 31,
	2006			2005
Gross Reinsurance Recoverable [1]
Paid Loss and Loss Adjustment Expense	$	678		$	580
Unpaid Loss and Loss Adjustment Expense		5,007			5,393

Subtotal Gross Reinsurance Recoverable		5,685			5,973

Less: Allowance for Uncollectible Reinsurance		(424	)		(413	)


Net Property & Casualty Reinsurance Recoverable	$	5,261		$	5,560

Distribution of Net Reinsurance Recoverable as of December 31, 2005


	% of			% of Rated			% of Rated
	Amount			Total			Companies

Net Property & Casualty Reinsurance Recoverables	$	5,560

Less: Mandatory (Assigned Risk) Pools		(495	)


Net P&C Reinsurance Recoverable Excluding Mandatory Pools	$	5,065


Rated A- (Excellent) or better by A.M. Best [2]	$	3,491			68.9	%		94.4	%
Other Rated by A.M. Best [2]		207			4.1	%		5.6	%

Total Rated Companies		3,698			73.0	%		100.0	%

Voluntary Pools		291			5.7	%
Captives		188			3.7	%
Other Not Rated Companies		888			17.6	%

Total	$	5,065			100.0	%


[1]		Net of commutations, settlements and known insolvencies.

[2]		Based on A.M. Best ratings as of 12/31/05


	Dec. 31, 2005			Dec. 31, 2004
Statutory Capital and Surplus	$	6,980		$	6,335
GAAP Adjustments
Deferred policy acquisition costs		1,134			1,071
Deferred taxes		(355	)		(468	)
Benefit reserves		(165	)		(216	)
Unrealized gains on investments		324			776
Goodwill		104			85
Non-admitted assets		745			824
Other, net		(118	)		(211	)

GAAP Stockholders’ Equity	$	8,649		$	8,196


[1]		Includes income on short-term 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.