INVESTOR FINANCIAL SUPPLEMENT

JANUARY 9, 2008

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTOR FINANCIAL SUPPLEMENT
TABLE OF CONTENTS

	Basis of Presentation	i, ii
CONSOLIDATED	Operating Results by Segment
	Nine months ended September 30, 2007		C-1a
	Year ended December 31, 2006		C-1b
	Analysis of Operating Results by Segment
	Nine months ended September 30, 2007		C-2a
	Year ended December 31, 2006		C-2b
LIFE	Financial Highlights
	Nine months ended September 30, 2007		L-1a
	Year ended December 31, 2006		L-1b
	Operating Results
	Nine months ended September 30, 2007		L-2a
	Year ended December 31, 2006		L-2b
	Retail Products Group
	Income Statements
	Individual Annuity
	Nine months ended September 30, 2007		L-3a
	Year ended December 31, 2006		L-3b
	Other
	Nine months ended September 30, 2007		L-4a
	Year ended December 31, 2006		L-4b
	Retirement Plans
	Income Statements
	Nine months ended September 30, 2007		L-5a
	Year ended December 31, 2006		L-5b
	Institutional Solutions Group
	Income Statements
	Nine months ended September 30, 2007		L-6a
	Year ended December 31, 2006		L-6b
	Individual Life
	Income Statements
	Nine months ended September 30, 2007		L-7a
	Year ended December 31, 2006		L-7b
	Group Benefits
	Income Statements
	Nine months ended September 30, 2007		L-8a
	Year ended December 31, 2006		L-8b
	International
	Japan
	Income Statememts
	Nine months ended September 30, 2007		L-9a
	Year ended December 31, 2006		L-9b

PROPERTY &	Ongoing Operations
CASUALTY	Underwriting Results
	Nine months ended September 30, 2007	PC-1a
	Year ended December 31, 2006	PC-1b
	Personal Lines
	Underwriting Results
	Nine months ended September 30, 2007	PC-2a
	Year ended December 31, 2006	PC-2b
	Written and Earned Premiums
	Nine months ended September 30, 2007	PC-3a
	Year ended December 31, 2006	PC-3b
	Small Commercial
	Underwriting Results
	Nine months ended September 30, 2007	PC-4a
	Year ended December 31, 2006	PC-4b
	Middle Market
	Underwriting Results
	Nine months ended September 30, 2007	PC-5a
	Year ended December 31, 2006	PC-5b
	Specialty Commercial
	Underwriting Results
	Nine months ended September 30, 2007	PC-6a
	Year ended December 31, 2006	PC-6b
	Written and Earned Premiums
	Nine months ended September 30, 2007	PC-7a
	Year ended December 31, 2006	PC-7b
	Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
	Nine months ended September 30, 2007	PC-8
	Year ended December 31, 2006	PC-9
	Year ended December 31, 2005	PC-10

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; 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, losses and loss adjustment expenses because 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. In 2007, Ongoing Operations realigned its underwriting segments to include Personal Lines, Small Commercial, Middle Market 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 Personal Lines, Small Commercial, Middle Market 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 the Company’s debt financing and related interest expense, as well as certain capital raising and purchase accounting adjustment activities.
•	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 losses and loss 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.
•	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.
•	Certain reclassifications have been made to the prior periods to conform to the September 30, 2007 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.

i 

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

	DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES
•	The Hartford uses non-GAAP and other financial measures in this Investor Financial Supplement to assist investors in analyzing the Company’s operating performance for the periods presented herein. Because The Hartford’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford’s non-GAAP and other financial measures to those of other companies.
•	The Hartford uses the non-GAAP financial measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that the measure core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by the net effect of certain realized capital gains and losses. Some realized capital gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses (net of tax and the effects of deferred policy acquisition costs (“DAC”)) that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so 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. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Core earnings is also used by management to assess our operating performance and is one of the measures considered in determining incentive compensation for our managers. Net income is the most directly comparable GAAP measure. Core earnings should not be considered as a substitute for net income and does not reflect the overall profitability of our business. Therefore, The Hartford believes that it is useful for investors to evaluate both net income and core earnings when reviewing the Company’s performance. A reconciliation of net income to core earnings for the periods presented herein is set forth on page C-1a and C-1b.
•	Core earnings per share is calculated based on the non-GAAP financial measure core earnings. The Hartford believes that the measure core earnings per share provides investors with a valuable measure of the Company’s operating performance for many of the same reasons applicable to its underlying measure, core earnings. Net income per share is the most directly comparable GAAP measure. Core earnings per share should not be considered as a substitute for net income per share and does not reflect the overall profitability of our business. Therefore, the Hartford believes that it is useful for investors to evaluate both net income per share and core earnings per share when reviewing our performance. The Hartford’s reconciliation of core earnings per share to net income per share for the periods presented herein have been provided in previously published quarterly Investor Financial Supplements.
•	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 and casualty operations. Because written premiums represents the amount of premium charged for policies issued, net of reinsurance, during a fiscal period, The Hartford believes it is useful to investors because it reflects current trends in The Hartford’s sale of property and 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 on pages PC-1a and PC-1b.
•	The Hartford’s management evaluates profitability of the Personal Lines, Small Commercial, Middle Market and Specialty Commercial underwriting segments primarily on the basis of underwriting results. Underwriting results is a before-tax measure that represents earned premiums less incurred losses, loss 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. The Hartford’s reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations for the periods presented herein have been provided in previously published quarterly Investor Financial Supplements.
•	A catastrophe is a severe loss, resulting from natural or manmade events, including risks such as fire, earthquake, windstorm, explosion, terrorist attack and 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 losses and loss adjustment expense 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 periods presented herein are set forth on page C-2a and C-2b.

ii 

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

(A reconciliation of core earnings to net income for each of the segments is set forth on the respective segment pages contained in this supplement or in previously published quarterly supplements.)

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
LIFE
Retail Products Group
Individual Annuity	$	177		$	184		$	365		$	484		$	726			50	%
Other Retail		15			16			17			41			48			17	%
Total Retail Products Group		192			200			382			525			774			47	%
Retirement Plans		23			26			18			63			67			6	%
Institutional Solutions Group		35			32			38			78			105			35	%
Individual Life		46			46			64			137			156			14	%
Group Benefits		68			86			92			219			246			12	%
International		55			59			79			146			193			32	%
Other [1]		(1	)		(14	)		9			43			(6	)	NM
Total Life core earnings [2]		418			435			682			1,211			1,535			27	%
PROPERTY & CASUALTY
Ongoing Operations
Ongoing Operations Underwriting Results
Personal Lines		130			84			78			321			292			(9	%)
Small Commercial		84			101			119			289			304			5	%
Middle Market		33			34			22			170			89			(48	%)
Specialty Commercial		46			(2	)		6			40			50			25	%
Total Ongoing Operations underwriting results		293			217			225			820			735			(10	%)
Net servicing income		11			14			16			45			41			(9	%)
Net investment income		351			385			346			886			1,082			22	%
Periodic net coupon settlements on credit derivatives, before-tax		3			3			5			2			11		NM
Other expenses		(60	)		(56	)		(63	)		(168	)		(179	)		(7	%)
Income tax expense		(178	)		(165	)		(138	)		(470	)		(481	)		(2	%)
Ongoing Operations core earnings [1]		420			398			391			1,115			1,209			8	%
Other Operations core earnings [3]		28			(36	)		14			(88	)		6		NM
Total Property & Casualty core earnings		448			362			405			1,027			1,215			18	%
CORPORATE
Total Corporate core earnings [2]		(23	)		(33	)		(27	)		(141	)		(83	)		41	%
CONSOLIDATED
Core earnings		843			764			1,060			2,097			2,667			27	%
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [2]		33			(137	)		(209	)		(135	)		(313	)		(132	%)
Net income	$	876		$	627		$	851		$	1,962		$	2,354			20	%
PER SHARE DATA
Diluted earnings per share
Core earnings	$	2.61		$	2.39		$	3.33		$	6.68		$	8.33			25	%
Net income	$	2.71		$	1.96		$	2.68		$	6.25		$	7.35			18	%

[1]	Included in the nine months ended September 30, 2006 in Life core earnings is a charge of $7, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Life core earnings is a charge of $21, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Ongoing Operations core earnings is a charge of $9, after-tax, to reserve for regulatory matters.
[2]	Included in the three months ended September 30, 2007 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs.
[3]	The nine months ended September 30, 2006 included a charge of $158, after-tax, as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities. The three months ended June 30, 2007 included a charge of $64, after-tax, principally as a result of an adverse arbitration decision.

C-1a 

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

(A reconciliation of core earnings to net income for each of the segments is set forth on the respective segment pages contained in this supplement or in previously published quarterly supplements.)

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
LIFE
Retail Products Group
Individual Annuity	$	162		$	152		$	170		$	86		$	617		$	570			(8	%)
Other Retail [1]		17			11			13			16			6			57		NM
Total Retail Products Group		179			163			183			102			623			627			1	%
Retirement Plans		25			18			20			45			76			108			42	%
Institutional Solutions Group		23			30			25			25			92			103			12	%
Individual Life		41			50			46			29			162			166			2	%
Group Benefits		68			77			74			88			273			307			12	%
International		46			52			48			101			96			247			157	%
Other [2] [3] [4]		36			(4	)		11			4			(122	)		47		NM
Total Life core earnings [5]		418			386			407			394			1,200			1,605			34	%
PROPERTY & CASUALTY
Ongoing Operations
Ongoing Operations Underwriting Results
Personal Lines		106			126			89			108			460			429			(7	%)
Small Commercial		85			112			92			133			232			422			82	%
Middle Market		46			79			45			37			163			207			27	%
Specialty Commercial		50			(37	)		27			13			(164	)		53		NM
Total Ongoing Operations underwriting results		287			280			253			291			691			1,111			61	%
Net servicing income		18			12			15			8			49			53			8	%
Net investment income		291			296			299			339			1,082			1,225			13	%
Periodic net coupon settlements on credit derivatives, before-tax		—			1			1			2			—			4		NM
Other expenses		(53	)		(75	)		(40	)		(54	)		(202	)		(222	)		(10	%)
Income tax expense		(157	)		(153	)		(160	)		(174	)		(467	)		(644	)		(38	%)
Ongoing Operations core earnings		386			361			368			412			1,153			1,527			32	%
Other Operations core earnings [6]		35			(126	)		3			36			54			(52	)	NM
Total Property & Casualty core earnings		421			235			371			448			1,207			1,475			22	%
CORPORATE
Total Corporate core earnings [5]		(42	)		(48	)		(51	)		(74	)		(165	)		(215	)		(30	%)
CONSOLIDATED
Core earnings		797			573			727			768			2,242			2,865			28	%
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [5]		(69	)		(97	)		31			15			32			(120	)	NM
Net income	$	728		$	476		$	758		$	783		$	2,274		$	2,745			21	%
PER SHARE DATA
Diluted earnings per share
Core earnings	$	2.56		$	1.83		$	2.30		$	2.37		$	7.34		$	9.07			24	%
Net income	$	2.34		$	1.52		$	2.39		$	2.42		$	7.44		$	8.69			17	%

[1]	Included in the year ended December 31, 2005 is an expense of $46, after-tax, for the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds of which $22, after-tax, was included as an expense in the three months ended December 31, 2005 representing the final settlement of this matter.
[2]	Includes charges of (i) $102, after-tax, for the year ended December 31, 2005, of which $36, after-tax, was included in the three months ended December 31, 2005, and (ii) $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.
[3]	Included in the year 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 benefit, after-tax, 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]	Included in Life core earnings, Corporate core earnings and net realized gain (losses), after tax, is $(17), $(13), and $(46) related to the effect of the unlock of deferred acquisition costs.
[6]	The three months ended June 30, 2006 included a charge of $158, after-tax, as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.

C-1b

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

(A reconciliation of core earnings to net income for each of the segments is set forth on the respective segment pages contained in this supplement or in previously published quarterly supplements.)

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
LIFE
Retail Products Group
Individual Annuity	$	177		$	184		$	365		$	484		$	726				50	%
Other Retail		15			16			17			41			48				17	%
Total Retail Products Group		192			200			382			525			774				47	%
Retirement Plans		23			26			18			63			67				6	%
Institutional Solutions Group		35			32			38			78			105				35	%
Individual Life		46			46			64			137			156				14	%
Group Benefits		68			86			92			219			246				12	%
International		55			59			79			146			193				32	%
Other [1]		(1	)		(14	)		9			43			(6	)		NM
Total Life core earnings [2]		418			435			682			1,211			1,535				27	%
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		151			120			111			382			382				—
Small Commercial		86			86			78			263			250				(5	%)
Middle Market		56			37			32			217			125				(42	%)
Specialty Commercial		32			14			25			79			71				(10	%)
Total Ongoing Operations underwriting results before catastrophes and prior year development		325			257			246			941			828				(12	%)
Catastrophes, excluding prior year development		(28	)		(52	)		(32	)		(164	)		(112	)			32	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		5			(3	)		(8	)		74			(6	)		NM
Other loss and loss adjustment expenses		(9	)		15			19			(31	)		25			NM
Total Ongoing Operations underwriting results		293			217			225			820			735				(10	%)
Net servicing income		11			14			16			45			41				(9	%)
Net investment income		351			385			346			886			1,082				22	%
Periodic net coupon settlements on credit derivatives, before-tax		3			3			5			2			11			NM
Other expenses		(60	)		(56	)		(63	)		(168	)		(179	)			(7	%)
Income tax expense		(178	)		(165	)		(138	)		(470	)		(481	)			(2	%)
Ongoing Operations core earnings [1]		420			398			391			1,115			1,209				8	%
Other Operations core earnings [3]		28			(36	)		14			(88	)		6			NM
Total Property & Casualty core earnings		448			362			405			1,027			1,215				18	%
CORPORATE
Total Corporate core earnings [2]		(23	)		(33	)		(27	)		(141	)		(83	)			41	%
CONSOLIDATED
Core earnings		843			764			1,060			2,097			2,667				27	%
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [2]		33			(137	)		(209	)		(135	)		(313	)			(132	%)
Net income	$	876		$	627		$	851		$	1,962		$	2,354				20	%

[1]	Included in the nine months ended September 30, 2006 in Life core earnings is a charge of $7, after-tax, to reserve for regulatory matters.
	Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Life core earnings is a charge of $21, after-tax, to reserve for regulatory matters.
	Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 in Ongoing Operations core earnings is a charge of $9, after-tax, to reserve for regulatory matters.
[2]	Included in the three months ended September 30, 2007 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs.
[3]	The nine months ended September 30, 2006 included a charge of $158, after-tax, as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities. The three months ended June 30, 2007 included a charge of $64, after-tax, principally as a result of an adverse arbitration decision.

C-2a

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

(A reconciliation of core earnings to net income for each of the segments is set forth on the respective segment pages contained in this supplement or in previously published quarterly supplements.)

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
LIFE
Retail Products Group
Individual Annuity	$	162		$	152		$	170		$	86		$	617		$	570			(8	%)
Other Retail [1]		17			11			13			16			6			57		NM
Total Retail Products Group		179			163			183			102			623			627			1	%
Retirement Plans		25			18			20			45			76			108			42	%
Institutional Solutions Group		23			30			25			25			92			103			12	%
Individual Life		41			50			46			29			162			166			2	%
Group Benefits		68			77			74			88			273			307			12	%
International		46			52			48			101			96			247			157	%
Other [2] [3] [4]		36			(4	)		11			4			(122	)		47		NM
Total Life core earnings [5]		418			386			407			394			1,200			1,605			34	%
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophe Impacts and Prior Year Development:
Personal Lines		143			135			104			129			494			511			3	%
Small Commercial		86			95			82			118			265			381			44	%
Middle Market		75			94			48			41			261			258			(1	%)
Specialty Commercial		18			20			41			17			131			96			(27	%)
Total Ongoing Operations underwriting results before catastrophe impacts and prior year development		322			344			275			305			1,151			1,246			8	%
Catastrophe impacts, excluding prior year development [6]		(41	)		(73	)		(50	)		(35	)		(424	)		(199	)		53	%
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		18			17			39			(4	)		(14	)		70		NM
Other loss and loss adjustment expenses		(12	)		(8	)		(11	)		25			(22	)		(6	)		73	%
Total Ongoing Operations underwriting results		287			280			253			291			691			1,111			61	%
Net servicing income		18			12			15			8			49			53			8	%
Net investment income		291			296			299			339			1,082			1,225			13	%
Periodic net coupon settlements on credit derivatives, before-tax		—			1			1			2			—			4		NM
Other expenses		(53	)		(75	)		(40	)		(54	)		(202	)		(222	)		(10	%)
Income tax expense		(157	)		(153	)		(160	)		(174	)		(467	)		(644	)		(38	%)
Ongoing Operations core earnings		386			361			368			412			1,153			1,527			32	%
Other Operations core earnings [7]		35			(126	)		3			36			54			(52	)	NM
Total Property & Casualty core earnings		421			235			371			448			1,207			1,475			22	%
CORPORATE
Total Corporate core earnings [5]		(42	)		(48	)		(51	)		(74	)		(165	)		(215	)		(30	%)
CONSOLIDATED
Core earnings		797			573			727			768			2,242			2,865			28	%
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [5]		(69	)		(97	)		31			15			32			(120	)	NM
Net income	$	728		$	476		$	758		$	783		$	2,274		$	2,745			21	%

[1]	Included in the year ended December 31, 2005 is an expense of $46, after-tax, for the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds of which $22, after-tax, was included as an expense in the three months ended December 31, 2005 representing the final settlement of this matter.
[2]	Includes charges of (i) $102, after-tax, for the year ended December 31, 2005, of which $36, after-tax, was included in the year ended December 31, 2005, and (ii) $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.
[3]	Included in the year 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 benefit, after-tax, 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]	Included in Life core earnings, Corporate core earnings and net realized gain (losses), after tax, is $(17), $(13), and $(46) related to the effect of the unlock of deferred acquisition costs.
[6]	Catastrophe impacts included catastrophe treaty reinstatement premium and catastrophe losses. Catastrophe impacts for the year ended December 31, 2005 included reinstatement premium of $73 and losses of $272 from Hurricanes Katrina, Rita and Wilma.
[7]	The three months ended June 30, 2006 included a charge of $158, after-tax, as a result of the agreement with Equitas and the Company’s evaluation of the reinsurance recoverables and allowance for uncollectible reinsurance associated with older, long-term casualty liabilities.

C-2b

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
CORE REVENUES
Retail Products Group
Individual Annuity [1]	$	724		$	768		$	774		$	2,089		$	2,266			8	%
Other Retail		183			200			207			474			590			24	%
Total Retail Products Group		907			968			981			2,563			2,856			11	%
Retirement Plans		144			150			151			398			445			12	%
Institutional Solutions Group		520			552			829			1,319			1,901			44	%
Individual Life [1]		287			292			283			813			862			6	%
Group Benefits		1,203			1,208			1,179			3,402			3,590			6	%
International		207			216			231			559			654			17	%
Other		59			71			51			176			181			3	%
Core revenues before net investment income on equity securities held for trading		3,327			3,457			3,705			9,230			10,489			14	%
Net investment income on equity securities held for trading [2]		210			1,234			(698	)		669			746			12	%
Total core revenues	$	3,537		$	4,691		$	3,007		$	9,899		$	11,235			13	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		34			(208	)		(282	)		(230	)		(456	)		(98	%)
Total Revenues	$	3,571		$	4,483		$	2,725		$	9,669		$	10,779			11	%
CORE EARNINGS BY SEGMENT
Retail Products Group Individual Annuity [3]	$	177		$	184		$	365		$	484		$	726			50	%
Other Retail [3]		15			16			17			41			48			17	%
Total Retail Products Group		192			200			382			525			774			47	%
Retirement Plans [3]		23			26			18			63			67			6	%
Institutional Solutions Group [3]		35			32			38			78			105			35	%
Individual Life [3]		46			46			64			137			156			14	%
Group Benefits		68			86			92			219			246			12	%
International [3]		55			59			79			146			193			32	%
Other [4], [5]		(1	)		(14	)		9			43			(6	)	NM
Core earnings		418			435			682			1,211			1,535			27	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		20			(117	)		(157	)		(129	)		(254	)		(97	%)
Net income	$	438		$	318		$	525		$	1,082		$	1,281			18	%
ROE (core earnings last 12 months to equity excluding AOCI)		18.6	%		18.5	%		21.1	%
Assets under management	$	335,792		$	353,563		$	367,002
DAC capitalization	$	524		$	522		$	524
DAC amortization	$	344		$	309		$	(49	)
DAC and PVFP assets	$	9,158		$	9,516		$	10,275
United States Statutory surplus ($ in billions) [6]	$	4.8		$	4.8		$	4.9

[1]	Includes charges of $5 and $8, after tax, recorded in the three months and nine months ended September 30, 2007 for the unlock of unearned revenue reserves, in Individual Annuity and Individual Life, respectively.
[2]	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.
[3]	Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees, recorded in the three months ended September 30, 2007. The after-tax benefits (charges) recorded in Individual Annuity, Retail Other, Retirement Plans, Institutional Solutions Group, Individual Life and International were $198, ($1), ($9), $1, $16 and $22, respectively. The after-tax (charge) recorded in Net realized gains (losses), net of tax and DAC, excluded from core earnings was ($17).
[4]	Included in the nine months ended September 30, 2006 is a charge of $7, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 and the nine months ended September 30, 2007 is a charge of $21, after-tax, to reserve for regulatory matters.
[5]	Included in the nine months ended September 30, 2006 is a $34 benefit, after-tax, due to a reduction in litigation reserves related to leveraged corporate owned life insurance products.
[6]	Estimated United States statutory surplus at September 30, 2007.

L - 1a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
CORE REVENUES
Retail Products Group
Individual Annuity [6]	$	696		$	704		$	689		$	713		$	2,719		$	2,802			3	%
Other Retail		153			163			158			177			497			651			31	%
Total Retail Products Group		849			867			847			890			3,216			3,453			7	%
Retirement Plans		137			130			131			140			473			538			14	%
Institutional Solutions Group		520			368			431			417			1,426			1,736			22	%
Individual Life [6]		269			274			270			342			1,073			1,155			8	%
Group Benefits		1,133			1,132			1,137			1,163			4,209			4,565			8	%
International		180			185			194			202			524			761			45	%
Other		54			64			58			67			247			243			(2	%)
Core revenues before net investment income on equity securities held for trading		3,142			3,020			3,068			3,221			11,168			12,451			11	%
Net investment income on equity securities held for trading [1]		454			(970	)		1,185			1,155			3,847			1,824			(53	%)
Total core revenues	$	3,596		$	2,050		$	4,253		$	4,376		$	15,015		$	14,275			(5	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		(111	)		(142	)		23			19			8			(211	)	NM
Total Revenues	$	3,485		$	1,908		$	4,276		$	4,395		$	15,023		$	14,064			(6	%)
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [7]	$	162		$	152		$	170		$	86		$	617		$	570			(8	%)
Other Retail [2]		17			11			13			16			6			57		NM
Total Retail Products Group		179			163			183			102			623			627			1	%
Retirement Plans [7]		25			18			20			45			76			108			42	%
Institutional Solutions Group		23			30			25			25			92			103			12	%
Individual Life [7]		41			50			46			29			162			166			2	%
Group Benefits		68			77			74			88			273			307			12	%
International [7]		46			52			48			101			96			247			157	%
Other [3], [4], [5]		36			(4	)		11			4			(122	)		47		NM
Core earnings		418			386			407			394			1,200			1,605			34	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [7]		(72	)		(78	)		21			(35	)		4			(164	)	NM
Net income	$	346		$	308		$	428		$	359		$	1,204		$	1,441			20	%
ROE (core earnings last 12 months to equity excluding AOCI)		16.9	%		17.9	%		17.7	%		18.0	%
Assets under management	$	290,409		$	290,804		$	302,312		$	327,480
DAC capitalization	$	506		$	473		$	441		$	503
DAC amortization	$	299		$	306		$	308		$	539
DAC and PVFP assets	$	9,048		$	9,362		$	9,125		$	9,070
United States Statutory surplus ($ in billions)	$	4.4		$	4.3		$	4.6		$	4.7

[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 year ended December 31, 2005 is an expense of $46, after-tax, for the termination value of a provision of an agreement with a distribution partner of the Company’s retail mutual funds.
[3]	Includes charges of (i) $102, after-tax, for the twelve months ended December 31, 2005 and (ii) $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 year 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]	Includes benefits of $7 and $31, after tax, recorded in the three months ended December 31, 2006 for the unlock of unearned revenue reserves and reinsurance premiums, in Individual Annuity and Individual Life, respectively.
[7]	Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees, recorded in the three months ended December 31, 2006. The after-tax benefits (charges) recorded in Individual Annuity, Retirement Plans, Individual Life and International were ($72), $20, ($18) and $53, respectively. The after-tax (charge) recorded in and Net realized gains (losses), net of tax and DAC, excluded from core earnings was ($46).

L - 1b

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
REVENUES
Earned premiums	$	1,208		$	1,245		$	1,434		$	3,483		$	3,887			12	%
Fee income		1,278			1,341			1,394			3,423			4,013			17	%
Net investment income
Securities available-for-sale and other		852			884			883			2,359			2,619			11	%
Equity securities held for trading [1]		210			1,234			(698	)		669			746			12	%
Total net investment income		1,062			2,118			185			3,028			3,365			11	%
Net realized capital gains (losses) — core		(11	)		(13	)		(6	)		(35	)		(30	)		14	%
Total core revenues		3,537			4,691			3,007			9,899			11,235			13	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		34			(208	)		(282	)		(230	)		(456	)		(98	%)
Total revenues		3,571			4,483			2,725			9,669			10,779			11	%
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [1]		1,868			2,958			1,213			5,384			6,039			12	%
Amortization of deferred policy acquisition costs and present value of future profits		342			336			(10	)		942			668			(29	%)
Insurance operating costs and other expenses		767			801			811			1,975			2,379			20	%
Total benefits and expenses		2,977			4,095			2,014			8,301			9,086			9	%
CORE EARNINGS
Core earnings before income taxes		560			596			993			1,598			2,149			34	%
Income tax expense		142			161			311			387			614			59	%
Core Earnings		418			435			682			1,211			1,535			27	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		20			(117	)		(157	)		(129	)		(254	)		(97	%)
Net Income	$	438		$	318		$	525		$	1,082		$	1,281			18	%

[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, losses and loss adjustment expenses.

L - 2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

OPERATING RESULTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
REVENUES
Earned premiums	$	1,273		$	1,081		$	1,129		$	1,107		$	4,203		$	4,590			9	%
Fee income		1,118			1,156			1,149			1,303			4,000			4,726			18	%
Net investment income Securities available-for-sale and other		766			791			802			825			2,998			3,184			6	%
Equity securities held for trading [1]		454			(970	)		1,185			1,155			3,847			1,824			(53	%)
Total net investment income		1,220			(179	)		1,987			1,980			6,845			5,008			(27	%)
Net realized capital gains (losses) — core		(15	)		(8	)		(12	)		(14	)		(33	)		(49	)		(48	%)
Total core revenues		3,596			2,050			4,253			4,376			15,015			14,275			(5	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues		(111	)		(142	)		23			19			8			(211	)	NM
Total revenues		3,485			1,908			4,276			4,395			15,023			14,064			(6	%)
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [1]		2,138			508			2,738			2,656			9,809			8,040			(18	%)
Amortization of deferred policy acquisition costs and present value of future profits		299			326			317			469			1,172			1,411			20	%
Insurance operating costs and other expenses		593			701			681			733			2,522			2,708			7	%
Total benefits and expenses		3,030			1,535			3,736			3,858			13,503			12,159			(10	%)
CORE EARNINGS
Core earnings before income taxes		566			515			517			518			1,512			2,116			40	%
Income tax expense		148			129			110			124			312			511			64	%
Core Earnings		418			386			407			394			1,200			1,605			34	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(72	)		(78	)		21			(35	)		4			(164	)	NM
Net Income	$	346		$	308		$	428		$	359		$	1,204		$	1,441			20	%

[1]  Includes dividend income and mark-to-market effects of trading securities supporting the international variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.

L-2b

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY

INCOME STATEMENTS

	THREE MONTHS ENDED
										NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	507		$	542		$	548		$	1,410		$	1,597			13	%
Mutual fund and other fees [2]		37			36			28			95			101			6	%
Total fee income		544			578			576			1,505			1,698			13	%
Direct premiums		14			21			24			49			59			20	%
Reinsurance premiums [2]		(35	)		(35	)		(37	)		(107	)		(107	)		—
Net premiums		(21	)		(14	)		(13	)		(58	)		(48	)		17	%
Total premiums and other considerations		523			564			563			1,447			1,650			14	%
Net investment income
Net investment income on G/A assets		227			229			237			695			693			—
Net investment income on assigned capital		11			12			12			47			35			(26	%)
Charge for invested capital		(38	)		(38	)		(39	)		(105	)		(115	)		(10	%)
Total net investment income		200			203			210			637			613			(4	%)
Net realized capital gains (losses) — core		1			1			1			5			3			(40	%)
Total core revenues		724			768			774			2,089			2,266			8	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		16			(147	)		(175	)		(87	)		(306	)	NM
Total revenues		740			621			599			2,002			1,960			(2	%)
Benefits and Expenses
Benefits and losses
Death benefits [2]		12			10			16			27			38			41	%
Other contract benefits		15			15			18			60			48			(20	%)
Change in reserve		2			13			18			8			33		NM
Sales inducements [2]		13			16			2			35			31			(11	%)
Interest credited on G/A assets		154			149			156			481			459			(5	%)
Total benefits and losses		196			203			210			611			609			—
Other insurance expenses
Commissions & wholesaling expenses		296			316			304			802			916			14	%
Operating expenses		51			60			55			150			166			11	%
Premium taxes and other expenses		4			5			1			12			10			(17	%)
Subtotal — expenses before deferral		351			381			360			964			1,092			13	%
Deferred policy acquisition costs		(217	)		(225	)		(212	)		(602	)		(654	)		(9	%)
Total other insurance expense		134			156			148			362			438			21	%
Amortization of deferred policy acquisition costs [2]		184			186			(110	)		563			260			(54	%)
Total benefits and expenses		514			545			248			1,536			1,307			(15	%)
Core earnings before income taxes		210			223			526			553			959			73	%
Income tax expense [1] [2]		33			39			161			69			233		NM
Core Earnings [2]	$	177		$	184		$	365		$	484		$	726			50	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		8			(78	)		(88	)		(40	)		(158	)	NM
Net Income [2]	$	185		$	106		$	277		$	444		$	568			28	%

[1]	The nine months ended September 30, 2006 includes an additonal $14 of tax benefits related to DRD and foreign tax credit. The three and nine months ended September 30, 2007 includes a $12 tax charge related to DRD.
[2]	The DAC unlock recorded in the three months ended September 30, 2007 increased core earnings and net income by $198 and $181, respectively. The effect on each income statement line item is as follows:

	September 30, 2007
Mutual Fund and Other Fees	$	(8	)
Reinsurance Premiums		—
Death Benefits		6
Sales Inducements		(14	)
Amortization of deferred policy acquisition costs		(305	)
Income tax expense (benefit)		107
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(17	)

[3] Included in the three months ended March 31, June 30, and September 30, 2007 are guaranteed minimum withdrawal benefit (“GMWB”) net realized gains (losses), net of tax and DAC, excluded from core earnings, of $11, $(65), and $(68), respectively. Included in the nine months ended September 30, 2006 and 2007 are GMWB net realized gains (losses), net of tax and DAC, excluded from core earnings, of $(12) and $(122), respectively.

L-3a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY

INCOME STATEMENTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
Revenues	2006			2006			2006			2006			2005			2006			Change
Premiums and other considerations
Variable annuity fees	$	462		$	473		$	475		$	503		$	1,714		$	1,913			12	%
Mutual fund and other fees [2]		32			34			29			36			117			131			12	%
Total fee income		494			507			504			539			1,831			2,044			12	%
Direct premiums		19			18			12			5			80			54			(33	%)
Reinsurance premiums [2]		(36	)		(36	)		(35	)		(33	)		(132	)		(140	)		(6	%)
Net premiums		(17	)		(18	)		(23	)		(28	)		(52	)		(86	)		(65	%)
Total premiums and other considerations		477			489			481			511			1,779			1,958			10	%
Net investment income
Net investment income on G/A assets		234			235			226			222			1,020			917			(10	%)
Net investment income on assigned capital		16			15			16			16			68			63			(7	%)
Charge for invested capital		(33	)		(37	)		(35	)		(38	)		(159	)		(143	)		10	%
Total net investment income		217			213			207			200			929			837			(10	%)
Net realized capital gains (losses) — core		2			2			1			2			11			7			(36	%)
Total core revenues		696			704			689			713			2,719			2,802			3	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(27	)		(58	)		(2	)		(5	)		(50	)		(92	)		(84	%)
Total revenues		669			646			687			708			2,669			2,710			2	%
Benefits and Expenses
Benefits and losses
Death benefits [2]		10			8			9			30			36			57			58	%
Other contract benefits		22			23			15			15			85			75			(12	%)
Change in reserve		3			2			3			(6	)		18			2			(89	%)
Sales inducements [2]		9			14			12			10			39			45			15	%
Interest credited on G/A assets		163			160			158			159			717			640			(11	%)
Total benefits and losses		207			207			197			208			895			819			(8	%)
Other insurance expenses
Commissions & wholesaling expenses		265			280			257			284			956			1,086			14	%
Operating expenses		45			52			53			56			203			206			1	%
Premium taxes and other expenses		4			6			2			(2	)		15			10			(33	%)
Subtotal — expenses before deferral		314			338			312			338			1,174			1,302			11	%
Deferred policy acquisition costs		(202	)		(213	)		(187	)		(206	)		(742	)		(808	)		(9	%)
Total other insurance expense		112			125			125			132			432			494			14	%
Amortization of deferred policy acquisition costs [2]		182			196			185			302			690			865			25	%
Total benefits and expenses		501			528			507			642			2,017			2,178			8	%
Core earnings before income taxes		195			176			182			71			702			624			(11	%)
Income tax expense (benefit) [1] [2]		33			24			12			(15	)		85			54			(36	%)
Core earnings [2]	$	162		$	152		$	170		$	86		$	617		$	570			(8	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(18	)		(26	)		4			(51	)		(29	)		(91	)	NM
Net Income [2]	$	144		$	126		$	174		$	35		$	588		$	479			(19	%)

[1]	The three months ended September 30, 2006 includes an additonal $14 of tax benefits related to DRD and foreign tax credit.
[2]	The DAC unlock recorded in the three months ended December 31, 2006 decreased core earnings and net income by $72 and $118, respectively. The effect on each income statement line item is as follows:

Mutual Fund and Other Fees	$	8
Reinsurance Premiums		3
Death Benefits		18
Sales Inducements		(4	)
Amortization of deferred policy acquisition costs		108
Income tax expense (benefit)		(39	)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(46	)

[3] Included in the three months ended March 31, June 30, September 30, and December 31, 2006 are guaranteed minimum withdrawal benefit (“GMWB”) net realized gains (losses), net of tax and DAC, excluded from core earnings, of $(6), $(10), $4, and $0, respectively. Included in the years ended December 31, 2005 and 2006 are GMWB net realized gains (losses), net of tax and DAC, excluded from core earnings, of $(17) and $(12), respectively.

L-3b

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETAIL PRODUCTS GROUP — OTHER

INCOME STATEMENTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
Revenues	2007			2007			2007			2006			2007			Change
Premiums and other considerations
Variable annuity fees	$	3		$	4		$	4		$	7		$	11			57	%
Mutual fund and other fees		183			199			208			467			590			26	%
Total fee income		186			203			212			474			601			27	%
Net investment income
Net investment income on G/A assets		—			—			(3	)		2			(3	)	NM
Net investment income on assigned capital		(3	)		(3	)		(2	)		—			(8	)		—
Total net investment income		(3	)		(3	)		(5	)		2			(11	)	NM
Net realized capital gains (losses) — core		—			—			—			(2	)		—			100	%
Total core revenues		183			200			207			474			590			24	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		—			—			—			—			—			—
Total revenues		183			200			207			474			590			24	%
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		133			146			143			336			422			26	%
Operating expenses		29			33			34			78			96			23	%
Premium taxes and other expenses		4			3			2			15			9			(40	%)
Subtotal — expenses before deferral		166			182			179			429			527			23	%
Deferred policy acquisition costs		(27	)		(27	)		(22	)		(62	)		(76	)		(23	%)
Total other insurance expense		139			155			157			367			451			23	%
Amortization of deferred policy acquisition costs [1]		21			21			23			44			65			48	%
Total benefits and expenses		160			176			180			411			516			26	%
Core earnings before income taxes		23			24			27			63			74			17	%
Income tax expense [1]		8			8			10			22			26			18	%
Core Earnings [1]	$	15		$	16		$	17		$	41		$	48			17	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			—			—			—			—			—
Net Income [1]	$	15		$	16		$	17		$	41		$	48			17	%

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased amortization of deferred policy acquisition costs by $1, after-tax.

L-4a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETAIL PRODUCTS GROUP — OTHER

INCOME STATEMENTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
Revenues	2006			2006			2006			2006			2005			2006			Change
Premiums and other considerations
Variable annuity fees	$	3		$	3		$	1		$	3		$	9		$	10			11	%
Mutual fund and other fees		151			160			156			174			484			641			32	%
Total fee income		154			163			157			177			493			651			32	%
Net investment income
Net investment income on G/A assets		(1	)		2			1			—			4			2			(50	%)
Total net investment income		(1	)		2			1			—			4			2			(50	%)
Net realized capital gains (losses) — core		—			(2	)		—			—			—			(2	)		—
Total core revenues		153			163			158			177			497			651			31	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		—			—			—			—			1			—			(100	%)
Total revenues		153			163			158			177			498			651			31	%
Other insurance expenses
Commissions & wholesaling expenses		109			120			107			125			315			461			46	%
Operating expenses		24			28			26			29			93			107			15	%
Premium taxes and other expenses [1]		4			6			5			3			84			18			(79	%)
Subtotal — expenses before deferral		137			154			138			157			492			586			19	%
Deferred policy acquisition costs		(21	)		(23	)		(18	)		(24	)		(57	)		(86	)		(51	%)
Total other insurance expense		116			131			120			133			435			500			15	%
Amortization of deferred policy acquisition costs		11			16			17			19			54			63			17	%
Total benefits and expenses		127			147			137			152			489			563			15	%
Core earnings before income taxes		26			16			21			25			8			88		NM
Income tax expense		9			5			8			9			2			31		NM
Core earnings	$	17		$	11		$	13		$	16		$	6		$	57		NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			—			—			—			1			—			(100	%)
Net Income	$	17		$	11		$	13		$	16		$	7		$	57		NM

[1] Included in the year ended December 31, 2005 the Company recorded $70, pre-tax, in association with the termination of a provision of an agreement with a distribution partner of the Company’s mutual funds.

L-4b

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETIREMENT PLANS

INCOME STATEMENTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
Revenues	2007			2007			2007			2006			2007			Change
Premiums and other considerations
Variable annuity fees	$	50		$	56		$	58		$	129		$	164			27	%
Mutual fund and other fees		4			3			4			10			11			10	%
Total fee income		54			59			62			139			175			26	%
Direct premiums		2			1			—			17			3			(82	%)
Total premiums and other considerations		56			60			62			156			178			14	%
Net investment income
Net investment income on G/A assets		85			88			85			236			258			9	%
Net investment income on assigned capital		3			3			4			7			10			43	%
Charge for invested capital		—			(1	)		—			(1	)		(1	)		—
Total net investment income		88			90			89			242			267			10	%
Net realized capital gains (losses) — core		—			—			—			—			—			—
Total core revenues		144			150			151			398			445			12	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(3	)		5			(21	)		(14	)		(19	)		(36	%)
Total revenues		141			155			130			384			426			11	%
Benefits and Expenses
Benefits and losses
Death benefits		—			(1	)		—			1			(1	)	NM
Other contract benefits		12			12			12			39			36			(8	%)
Change in reserve		(6	)		(5	)		(6	)		(5	)		(17	)	NM
Interest credited on G/A assets		56			56			56			154			168			9	%
Total benefits and losses		62			62			62			189			186			(2	%)
Other insurance expenses
Commissions & wholesaling expenses		23			24			24			59			71			20	%
Operating expenses		49			54			50			130			153			18	%
Premium taxes and other expenses		1			—			—			—			1			—
Subtotal — expenses before deferral		73			78			74			189			225			19	%
Deferred policy acquisition costs		(33	)		(33	)		(34	)		(86	)		(100	)		(16	%)
Total other insurance expense		40			45			40			103			125			21	%
Amortization of deferred policy acquisition costs [1]		11			7			25			21			43			105	%
Total benefits and expenses		113			114			127			313			354			13	%
Core earnings before income taxes		31			36			24			85			91			7	%
Income tax expense [1]		8			10			6			22			24			9	%
Core Earnings [1]	$	23		$	26		$	18		$	63		$	67			6	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(1	)		2			(14	)		(6	)		(13	)		(117	%)
Net income [1]	$	22		$	28		$	4		$	57		$	54			(5	%)

[1] The DAC unlock recorded in the three months ended September 30, 2007 decreased both core earnings and net income by $9. The effect on each income statement line item is as follows:

	September 30, 2007
Amortization of deferred policy acquisition costs	$	14
Income tax expense		(5	)

L-5a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

RETIREMENT PLANS

INCOME STATEMENTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
Revenues	2006			2006			2006			2006			2005			2006			Change
Premiums and other considerations
Variable annuity fees	$	40		$	45		$	44		$	49		$	140		$	178			27	%
Mutual fund and other fees		3			3			4			5			12			15			25	%
Total fee income		43			48			48			54			152			193			27	%
Direct premiums		14			2			1			2			10			19			90	%
Total premiums and other considerations		57			50			49			56			162			212			31	%
Net investment income
Net investment income on G/A assets		78			78			80			82			303			318			5	%
Net investment income on assigned capital		2			3			2			3			10			10			—
Charge for invested capital		—			(1	)		—			(1	)		(2	)		(2	)		—
Total net investment income		80			80			82			84			311			326			5	%
Net realized capital gains (losses) — core		—			—			—			—			—			—			—
Total core revenues		137			130			131			140			473			538			14	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(6	)		(6	)		(2	)		(2	)		14			(16	)	NM
Total revenues		131			124			129			138			487			522			7	%
Benefits and Expenses
Benefits and losses
Death benefits		1			(1	)		1			(1	)		1			—			(100	%)
Other contract benefits		13			13			13			13			54			52			(4	%)
Change in reserve		5			(5	)		(5	)		(5	)		(21	)		(10	)		52	%
Interest credited on G/A assets		50			52			52			54			197			208			6	%
Total benefits and losses		69			59			61			61			231			250			8	%
Other insurance expenses
Commissions & wholesaling expenses		20			19			20			20			64			79			23	%
Operating expenses		38			44			48			55			160			185			16	%
Premium taxes and other expenses		—			1			(1	)		(3	)		(1	)		(3	)	NM
Subtotal — expenses before deferral		58			64			67			72			223			261			17	%
Deferred policy acquisition costs		(27	)		(29	)		(30	)		(39	)		(106	)		(125	)		(18	%)
Total other insurance expense		31			35			37			33			117			136			16	%
Amortization of deferred policy acquisition costs [1]		1			14			6			(20	)		26			1			(96	%)
Total benefits and expenses		101			108			104			74			374			387			3	%
Core earnings before income taxes		36			22			27			66			99			151			53	%
Income tax expense [1]		11			4			7			21			23			43			87	%
Core earnings [1]	$	25		$	18		$	20		$	45		$	76		$	108			42	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(4	)		(2	)		—			(1	)		6			(7	)	NM
Net Income [1]	$	21		$	16		$	20		$	44		$	82		$	101			23	%

[1] The DAC unlock recorded in the three months ended December 31, 2006 increased both core earnings and net income by $20. The effect on each income statement line item is as follows:

	December 31, 2006
Amortization of deferred policy acquisition costs	$	(31	)
Income tax expense		11

L-5b

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

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
Revenues	2007			2007			2007			2006			2007				Change
Premiums and other considerations
Variable annuity fees	$	19		$	13		$	20		$	47			$	52			11	%
Cost of insurance charges		12			20			20			25				52			108	%
Mutual fund and other fees		30			20			57			15				107		NM
Total fee income		61			53			97			87				211			143	%
Direct premiums		168			191			411			502				770			53	%
Total premiums and other considerations		229			244			508			589				981			67	%
Net investment income
Net investment income on G/A assets		284			299			311			714				894			25	%
Net investment income on assigned capital		7			9			9			15				25			67	%
Total net investment income		291			308			320			729				919			26	%
Net realized capital gains (losses) — core		—			—			1			1				1			—
Total core revenues		520			552			829			1,319				1,901			44	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(3	)		(20	)		(47	)		(65	)			(70	)		(8	%)
Total revenues		517			532			782			1,254				1,831			46	%
Benefits and Expenses
Benefits and losses
Death benefits		12			26			22			28				60			114	%
Other contract benefits		97			103			107			252				307			22	%
Change in reserve		154			174			396			480				724			51	%
Interest credited on G/A assets		154			171			167			377				492			31	%
Total benefits and losses		417			474			692			1,137				1,583			39	%
Other insurance expenses
Commissions & wholesaling expenses		15			18			15			31				48			55	%
Operating expenses		18			19			19			49				56			14	%
Premium taxes and other expenses		24			6			56			13				86		NM
Subtotal — expenses before deferral		57			43			90			93				190			104	%
Deferred policy acquisition costs		(19	)		(13	)		(9	)		(40	)			(41	)		(3	%)
Total other insurance expense		38			30			81			53				149			181	%
Amortization of deferred policy acquisition costs [1]		15			2			2			22				19			(14	%)
Total benefits and expenses		470			506			775			1,212				1,751			44	%
Core earnings before income taxes		50			46			54			107				150			40	%
Income tax expense [1]		15			14			16			29				45			55	%
Core Earnings [1]	$	35		$	32		$	38		$	78			$	105			35	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(2	)		(13	)		(30	)		(42	)			(45	)		(7	%)
Net Income [1]	$	33		$	19		$	8		$	36			$	60			67	%

[1] The DAC unlock recorded in the three months ended September 30, 2007 decreased amortization of deferred policy acquisition costs by $1, after-tax.

L-6a

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

	THREE MONTHS ENDED													YEAR ENDED
	March 31,			June 30,			Sept. 30,				Dec. 31,			DECEMBER 31,
Revenues	2006			2006			2006			2006				2005			2006				Change
Premiums and other considerations
Variable annuity fees	$	15		$	16		$	16			$	18		$	58			$	65			12	%
Cost of insurance charges		9			6			10				12			47				37			(21	%)
Mutual fund and other fees		4			6			5				8			15				23			53	%
Total fee income		28			28			31				38			120				125			4	%
Direct premiums		267			92			143				105			504				607			20	%
Total premiums and other considerations		295			120			174				143			624				732			17	%
Net investment income
Net investment income on G/A assets		220			243			251				270			781				984			26	%
Net investment income on assigned capital		5			5			5				5			20				20			—
Charge for invested capital		—			—			—				(1	)		1				(1	)	NM
Total net investment income		225			248			256				274			802				1,003			25	%
Net realized capital gains (losses) — core		—			—			1				—			—				1			—
Total core revenues		520			368			431				417			1,426				1,736			22	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(31	)		(28	)		(6	)			27			36				(38	)	NM
Total revenues		489			340			425				444			1,462				1,698			16	%
Benefits and Expenses
Benefits and losses
Death benefits		10			7			11				13			52				41			(21	%)
Other contract benefits		78			82			92				93			292				345			18	%
Change in reserve		260			83			137				96			485				576			19	%
Interest credited on G/A assets		115			127			135				145			383				522			36	%
Total benefits and losses		463			299			375				347			1,212				1,484			22	%
Other insurance expenses
Commissions & wholesaling expenses		11			10			10				15			40				46			15	%
Operating expenses		15			18			16				20			62				69			11	%
Premium taxes and other expenses		3			5			5				12			10				25			150	%
Subtotal — expenses before deferral		29			33			31				47			112				140			25	%
Deferred policy acquisition costs		(13	)		(13	)		(14	)			(22	)		(56	)			(62	)		(11	%)
Total other insurance expense		16			20			17				25			56				78			39	%
Amortization of deferred policy acquisition costs		8			8			6				10			32				32			—
Total benefits and expenses		487			327			398				382			1,300				1,594			23	%
Core earnings before income taxes		33			41			33				35			126				142			13	%
Income tax expense		10			11			8				10			34				39			15	%
Core earnings	$	23		$	30		$	25			$	25		$	92			$	103			12	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(20	)		(18	)		(4	)			17			23				(25	)	NM
Net Income	$	3		$	12		$	21			$	42		$	115			$	78			(32	%)

L-6b

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

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
Revenues	2007			2007			2007			2006			2007				Change
Premiums and other considerations
Variable annuity fees	$	17		$	19		$	19		$	49			$	55			12	%
Cost of insurance charges		130			132			134			370				396			7	%
Other fees [1]		68			66			53			190				187			(2	%)
Total fee income		215			217			206			609				638			5	%
Direct premiums		25			28			28			69				81			17	%
Reinsurance premiums		(40	)		(41	)		(42	)		(105	)			(123	)		(17	%)
Net premiums		(15	)		(13	)		(14	)		(36	)			(42	)		(17	%)
Total premiums and other considerations		200			204			192			573				596			4	%
Net investment income
Net investment income on G/A assets		89			91			92			254				272			7	%
Net investment income on assigned capital		3			3			3			8				9			13	%
Charge for invested capital		(5	)		(5	)		(4	)		(22	)			(14	)		36	%
Total net investment income		87			89			91			240				267			11	%
Net realized capital gains (losses) — core		—			(1	)		—			—				(1	)		—
Total core revenues		287			292			283			813				862			6	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		9			(2	)		(16	)		(20	)			(9	)		55	%
Total revenues		296			290			267			793				853			8	%
Benefits and Expenses
Benefits and losses
Death benefits		70			74			78			194				222			14	%
Other contract benefits		6			6			6			20				18			(10	%)
Change in reserve		(3	)		(5	)		(4	)		(14	)			(12	)		14	%
Interest credited on G/A assets		63			61			63			175				187			7	%
Total benefits and losses		136			136			143			375				415			11	%
Other insurance expenses
Commissions & wholesaling expenses		59			59			58			173				176			2	%
Operating expenses		63			64			65			182				192			5	%
Dividends to policyholders		1			—			1			2				2			—
Premium taxes and other expenses		12			13			8			32				33			3	%
Subtotal — expenses before deferral		135			136			132			389				403			4	%
Deferred policy acquisition costs		(87	)		(87	)		(88	)		(257	)			(262	)		(2	%)
Total other insurance expense		48			49			44			132				141			7	%
Amortization of deferred policy acquisition costs [1]		36			42			1			110				79			(28	%)
Total benefits and expenses		220			227			188			617				635			3	%
Core earnings before income taxes		67			65			95			196				227			16	%
Income tax expense [1]		21			19			31			59				71			20	%
Core Earnings [1]	$	46		$	46		$	64		$	137			$	156			14	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		6			(2	)		(9	)		(14	)			(5	)		64	%
Net Income [1]	$	52		$	44		$	55		$	123			$	151			23	%
[1]   The DAC unlock recorded in the three months ended September 30, 2007 increased both core earnings and net income by $16. The effect on each income statement line item is as follows:

	September 30, 2007
Other Fees		$	(13	)
Amortization of deferred policy acquisition costs			(37	)
Income tax expense			8

L-7a

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

	THREE MONTHS ENDED													YEAR ENDED
	March 31,			June 30,			Sept. 30,				Dec. 31,			DECEMBER 31,
Revenues	2006			2006			2006			2006				2005			2006				Change
Premiums and other considerations
Variable annuity fees	$	16		$	17		$	16			$	17		$	59			$	66			12	%
Cost of insurance charges		122			123			125				128			468				498			6	%
Other fees [1]		64			67			59				131			274				321			17	%
Total fee income		202			207			200				276			801				885			10	%
Direct premiums		22			22			25				26			80				95			19	%
Reinsurance premiums		(34	)		(35	)		(36	)			(43	)		(113	)			(148	)		(31	%)
Net premiums		(12	)		(13	)		(11	)			(17	)		(33	)			(53	)		(61	%)
Total premiums and other considerations		190			194			189				259			768				832			8	%
Net investment income
Net investment income on G/A assets		83			86			85				87			328				341			4	%
Net investment income on assigned capital		3			2			3				3			13				11			(15	%)
Charge for invested capital		(7	)		(8	)		(7	)			(6	)		(36	)			(28	)		22	%
Total net investment income		79			80			81				84			305				324			6	%
Net realized capital gains (losses) — core		—			—			—				(1	)		—				(1	)		—
Total core revenues		269			274			270				342			1,073				1,155			8	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(1	)		(22	)		3				(4	)		17				(24	)	NM
Total revenues		268			252			273				338			1,090				1,131			4	%
Benefits and Expenses
Benefits and losses
Death benefits		69			63			62				57			241				251			4	%
Other contract benefits		7			7			6				7			21				27			29	%
Change in reserve		(5	)		(6	)		(3	)			(4	)		(18	)			(18	)		—
Interest credited on G/A assets		60			56			59				62			225				237			5	%
Total benefits and losses		131			120			124				122			469				497			6	%
Other insurance expenses
Commissions & wholesaling expenses		54			62			57				66			222				239			8	%
Operating expenses		56			62			64				69			229				251			10	%
Dividends to policyholders		1			1			—				1			3				3			—
Premium taxes and other expenses		9			12			11				10			34				42			24	%
Subtotal — expenses before deferral		120			137			132				146			488				535			10	%
Deferred policy acquisition costs		(79	)		(90	)		(88	)			(99	)		(322	)			(356	)		(11	%)
Total other insurance expense		41			47			44				47			166				179			8	%
Amortization of deferred policy acquisition costs [1]		37			34			39				132			205				242			18	%
Total benefits and expenses		209			201			207				301			840				918			9	%
Core earnings before income taxes		60			73			63				41			233				237			2	%
Income tax expense [1]		19			23			17				12			71				71			—
Core earnings [1]	$	41		$	50		$	46			$	29		$	162			$	166			2	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			(16	)		2				(2	)		11				(16	)	NM
Net Income [1]	$	41		$	34		$	48			$	27		$	173			$	150			(13	%)

[1]     The DAC unlock recorded in the three months ended December 31, 2006 decreased both core earnings and net income by $18 . The effect on each income statement line item is as follows:

	December 31, 2006
Other Fees		$	48
Amortization of deferred policy acquisition costs			76
Income tax (benefit)			(10	)

L-7b

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE

GROUP BENEFITS

INCOME STATEMENTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
Revenues	2007			2007			2007			2006			2007				Change
Premiums and other considerations
ASO fees		8			9			8			28				25			(11	%)
Other fees		1			(1	)		—			—				—			—
Total fee income		9			8			8			28				25			(11	%)
Direct premiums		1,027			1,030			996			2,876				3,053			6	%
Reinsurance premiums		49			53			57			188				159			(15	%)
Net premiums		1,076			1,083			1,053			3,064				3,212			5	%
Total premiums and other considerations		1,085			1,091			1,061			3,092				3,237			5	%
Net investment income
Net investment income on G/A assets		99			98			96			273				293			7	%
Net investment income on assigned capital		19			19			19			37				57			54	%
Total net investment income		118			117			115			310				350			13	%
Net realized capital gains (losses) — core		—			—			3			—				3			—
Total core revenues		1,203			1,208			1,179			3,402				3,590			6	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		2			(6	)		(13	)		(14	)			(17	)		(21	%)
Total revenues		1,205			1,202			1,166			3,388				3,573			5	%
Benefits and Expenses
Benefits and losses
Death benefits		266			267			265			767				798			4	%
Other contract benefits		479			479			475			1,334				1,433			7	%
Change in reserve		61			47			25			151				133			(12	%)
Total benefits and losses		806			793			765			2,252				2,364			5	%
Other insurance expenses
Commissions & wholesaling expenses		156			147			135			419				438			5	%
Operating expenses		133			129			137			382				399			4	%
Premium taxes and other expenses		20			9			22			60				51			(15	%)
Subtotal — expenses before deferral		309			285			294			861				888			3	%
Deferred policy acquisition costs		(20	)		(11	)		(21	)		(42	)			(52	)		(24	%)
Total other insurance expense		289			274			273			819				836			2	%
Amortization of deferred policy acquisition costs		17			18			13			30				48			60	%
Total benefits and expenses		1,112			1,085			1,051			3,101				3,248			5	%
Core earnings before income taxes		91			123			128			301				342			14	%
Income tax expense		23			37			36			82				96			17	%
Core Earnings	$	68		$	86		$	92		$	219			$	246			12	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		1			(3	)		(9	)		(9	)			(11	)		(22	%)
Net Income	$	69		$	83		$	83		$	210			$	235			12	%

L-8a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
GROUP BENEFITS

INCOME STATEMENTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
Revenues
Premiums and other considerations
ASO fees		10			8			10			9			36			37			3	%
Other fees		1			—			(1	)		—			1			—			(100	%)
Total fee income		11			8			9			9			37			37			—
Direct premiums		944			963			969			993			3,413			3,869			13	%
Reinsurance premiums		77			58			53			55			361			243			(33	%)
Net premiums		1,021			1,021			1,022			1,048			3,774			4,112			9	%
Total premiums and other considerations		1,032			1,029			1,031			1,057			3,811			4,149			9	%
Net investment income
Net investment income on G/A assets		89			91			93			92			348			365			5	%
Net investment income on assigned capital		12			12			13			13			50			50			—
Charge for invested capital		—			—			—			—			—			—			—
Total net investment income		101			103			106			105			398			415			4	%
Net realized capital gains (losses) — core		—			—			—			1			—			1			—
Total core revenues		1,133			1,132			1,137			1,163			4,209			4,565			8	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(4	)		(9	)		(1	)		—			(10	)		(14	)		(40	%)
Total revenues		1,129			1,123			1,136			1,163			4,199			4,551			8	%
Benefits and Expenses Benefits and losses
Death benefits		268			247			252			268			898			1,035			15	%
Other contract benefits		442			440			452			470			1,680			1,804			7	%
Change in reserve		57			53			41			12			216			163			(25	%)
Total benefits and losses		767			740			745			750			2,794			3,002			7	%
Other insurance expenses
Commissions & wholesaling expenses		132			140			147			142			500			561			12	%
Operating expenses		120			134			128			144			508			526			4	%
Premium taxes and other expenses		21			19			20			18			70			78			11	%
Subtotal — expenses before deferral		273			293			295			304			1,078			1,165			8	%
Deferred policy acquisition costs		(12	)		(16	)		(14	)		(22	)		(56	)		(64	)		(14	%)
Total other insurance expense		261			277			281			282			1,022			1,101			8	%
Amortization of deferred policy acquisition costs		10			10			10			11			31			41			32	%
Total benefits and expenses		1,038			1,027			1,036			1,043			3,847			4,144			8	%
Core earnings before income taxes		95			105			101			120			362			421			16	%
Income tax expense [1]		27			28			27			32			89			114			28	%
Core earnings	$	68		$	77		$	74		$	88		$	273		$	307			12	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(2	)		(7	)		—			—			(7	)		(9	)		(29	%)
Net Income	$	66		$	70		$	74		$	88		$	266		$	298			12	%

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

L-8b

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INTERNATIONAL — JAPAN

INCOME STATEMENTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	174		$	185		$	197		$	470		$	556			18	%
Other fees		18			14			13			48			45			(6	%)
Total fee income		192			199			210			518			601			16	%
Reinsurance premiums		(3	)		(2	)		(3	)		(6	)		(8	)		(33	%)
Total premiums and other considerations		189			197			207			512			593			16	%
Net investment income
Net investment income on G/A assets		28			29			31			74			88			19	%
Net investment income on assigned capital		1			1			—			—			2			—
Total net investment income		29			30			31			74			90			22	%
Net realized capital gains (losses) — core		(17	)		(19	)		(16	)		(45	)		(52	)		(16	%)
Total core revenues		201			208			222			541			631			17	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(3	)		(24	)		17			(26	)		(10	)		62	%
Total revenues		198			184			239			515			621			21	%
Benefits and Expenses Benefits and losses
Death and other benefits [1]		2			2			(6	)		19			(2	)	NM
Sales inducements		—			—			1			—			1			—
Interest credited on G/A assets		6			6			6			16			18			13	%
Total benefits and losses		8			8			1			35			17			(51	%)
Other insurance expenses
Commissions & wholesaling expenses		113			112			120			307			345			12	%
Operating expenses		33			38			46			104			117			13	%
Premium taxes and other expenses		9			9			6			24			24			—
Subtotal — expenses before deferral		155			159			172			435			486			12	%
Deferred policy acquisition costs		(113	)		(115	)		(121	)		(318	)		(349	)		(10	%)
Total other insurance expense		42			44			51			117			137			17	%
Amortization of deferred policy acquisition costs [1]		56			59			34			151			149			(1	%)
Total benefits and expenses		106			111			86			303			303			—
Core earnings before income taxes		95			97			136			238			328			38	%
Income tax expense [1]		33			34			48			81			115			42	%
Core Earnings [1]	$	62		$	63		$	88		$	157		$	213			36	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(2	)		(16	)		10			(17	)		(8	)		53	%
Net Income [1]	$	60		$	47		$	98		$	140		$	205			46	%

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased both core earnings and net income by $22. The effect on each income statement line item is as follows:

	September 30, 2007
Death and other benefits	$	(9	)
Amortization of deferred policy acquisition costs		(25	)
Income tax expense		12

L-9a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

LIFE
INTERNATIONAL — JAPAN

INCOME STATEMENTS

	THREE MONTHS ENDED												YEAR ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	148		$	159		$	163		$	171		$	440		$	641			46	%
Other fees		18			12			18			17			43			65			51	%
Total fee income		166			171			181			188			483			706			46	%
Reinsurance premiums		—			(3	)		(3	)		(2	)		—			(8	)		—
Total premiums and other considerations		166			168			178			186			483			698			45	%
Net investment income
Net investment income on G/A assets		23			24			27			28			61			102			67	%
Total net investment income		23			24			27			28			61			102			67	%
Net realized capital gains (losses) — core		(14	)		(15	)		(16	)		(18	)		(34	)		(63	)		(85	%)
Total core revenues		175			177			189			196			510			737			45	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(47	)		(12	)		33			1			(29	)		(25	)		14	%
Total revenues		128			165			222			197			481			712			48	%
Benefits and Expenses Benefits and losses
Death and other benefits [1]		7			7			5			(37	)		27			(18	)	NM
Interest credited on G/A assets		5			5			6			5			14			21			50	%
Total benefits and losses		12			12			11			(32	)		41			3			(93	%)
Other insurance expenses
Commissions & wholesaling expenses		140			84			83			84			695			391			(44	%)
Operating expenses		34			34			36			37			139			141			1	%
Premium taxes and other expenses		10			6			8			6			46			30			(35	%)
Subtotal — expenses before deferral		184			124			127			127			880			562			(36	%)
Deferred policy acquisition costs		(147	)		(87	)		(84	)		(84	)		(732	)		(402	)		45	%
Total other insurance expense		37			37			43			43			148			160			8	%
Amortization of deferred policy acquisition costs [1]		49			48			54			15			133			166			25	%
Total benefits and expenses		98			97			108			26			322			329			2	%
Core earnings before income taxes		77			80			81			170			188			408			117	%
Income tax expense [1]		29			25			27			59			68			140			106	%
Core earnings	$	48		$	55		$	54		$	111		$	120		$	268			123	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(30	)		(8	)		21			1			(19	)		(16	)		16	%
Net Income [1]	$	18		$	47		$	75		$	112		$	101		$	252			150	%

[1] The DAC unlock recorded in the three months ended December 31, 2006 increased both core earnings and net income by $53. The effect on each income statement line item is as follows:

	December 31, 2006
Death and other benefits	$	(41	)
Amortization of deferred policy acquisition costs		(41	)
Income tax expense		29

L-9b

PROPERTY & CASUALTY

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

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
UNDERWRITING RESULTS
Written premiums	$	2,622		$	2,674		$	2,628		$	8,035		$	7,924			(1	%)
Change in unearned premium reserve		(1	)		53			2			232			54			(77	%)
Earned premiums		2,623			2,621			2,626			7,803			7,870			1	%
Losses and loss adjustment expenses
Current accident year before catastrophes		1,625			1,664			1,695			4,892			4,984			2	%
Current accident year catastrophes		28			52			32			164			112			(32	%)
Prior accident years [1]		4			(12	)		(11	)		(43	)		(19	)		56	%
Total losses and loss adjustment expenses		1,657			1,704			1,716			5,013			5,077			1	%
Underwriting expenses [2]		669			690			680			1,954			2,039			4	%
Dividends to policyholders		4			10			5			16			19			19	%
Underwriting results	$	293		$	217		$	225		$	820		$	735			(10	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [3]		61.9			63.6			64.5			62.7			63.3			(0.6	)
Current accident year catastrophes		1.1			2.0			1.2			2.1			1.4			0.7
Prior accident years [1] [4]		0.2			(0.5	)		(0.4	)		(0.5	)		(0.2	)		(0.3	)
Total losses and loss adjustment expenses		63.1			65.1			65.3			64.2			64.5			(0.3	)
Expenses		25.5			26.3			25.9			25.0			25.9			(0.9	)
Policyholder dividends		0.2			0.4			0.2			0.2			0.2			—
Combined ratio		88.8			91.7			91.4			89.5			90.7			(1.2	)
Catastrophes
Current year		1.1			2.0			1.2			2.1			1.4			0.7
Prior year		(0.2	)		0.1			0.3			(0.9	)		0.1			(1.0	)
Catastrophe ratio		0.9			2.1			1.5			1.1			1.5			(0.4	)
Combined ratio before catastrophes		87.9			89.6			89.9			88.3			89.2			(0.9	)
Combined ratio before catastrophes and prior year development [4]		87.6			90.2			90.6			87.9			89.5			(1.6	)

[1]	The nine months ended September 30, 2006 included a net release of catastrophe reserves of $74, primarily related to the 2004 and 2005 hurricanes. The nine months ended September 30, 2006 included a net reserve release of $38 primarily related to allocated loss adjustment expense reserves on workers’ compensation and package business in Small Commercial and a $45 strengthening of construction defects claim reserves in Specialty Commercial.
[2]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $41. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The nine months ended September 30, 2006 and 2007 included Citizens’ assessment recoupments of $7 and $5, respectively.
[3]	The three months ended June 30, 2007 included current accident year reserve strengthening, totaling 0.4 points, related to Personal Lines auto liability claims.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-1a

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

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005		2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	2,629		$	2,707		$	2,699		$	2,623		$	10,483	$	10,658			2	%
Change in unearned premium reserve		64			101			67			(2	)		331		230			(31	%)
Earned premiums [1]		2,565			2,606			2,632			2,625			10,152		10,428			3	%
Losses and loss adjustment expenses
Current accident year before catastrophes		1,587			1,632			1,673			1,615			6,364		6,507			2	%
Current accident year catastrophes		41			73			50			35			351		199			(43	%)
Prior accident years [2]		(6	)		(9	)		(28	)		(21	)		36		(64	)	NM
Total losses and loss adjustment expenses		1,622			1,696			1,695			1,629			6,751		6,642			(2	%)
Underwriting expenses [3]		652			626			676			712			2,695		2,666			(1	%)
Dividends to policyholders		4			4			8			(7	)		15		9			(40	%)
Underwriting results	$	287		$	280		$	253		$	291		$	691	$	1,111			61	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [4]		61.9			62.6			63.6			61.5			62.7		62.4			0.3
Current accident year catastrophes		1.6			2.8			1.9			1.4			3.5		1.9			1.6
Prior accident years [2] [5]		(0.2	)		(0.4	)		(1.1	)		(0.8	)		0.4		(0.6	)		1.0
Total losses and loss adjustment expenses		63.3			65.1			64.4			62.1			66.5		63.7			2.8
Expenses		25.4			24.1			25.7			27.1			26.5		25.6			0.9
Policyholder dividends		0.2			0.1			0.3			(0.3	)		0.1		0.1			—
Combined ratio		88.8			89.3			90.4			88.9			93.2		89.3			3.9
Catastrophes
Current year		1.6			2.8			1.9			1.4			3.5		1.9			1.6
Prior year		(0.7	)		(0.7	)		(1.5	)		0.1			0.1		(0.7	)		0.8
Catastrophe ratio		0.9			2.1			0.4			1.5			3.6		1.2			2.4
Combined ratio before catastrophes		87.9			87.1			90.0			87.4			89.6		88.1			1.5
Combined ratio before catastrophes and prior year development [5]		87.4			86.9			89.6			88.3			89.4		88.0			1.4

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $73 for the year ended December 31, 2005.
[2]	The year ended December 31, 2005 included a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims, strengthening of workers’ compensation reserves in Specialty Commercial of $70 and strengthening of Middle Market general liability reserves of $40. The year ended December 31, 2006 included a $70 net release of catastrophe reserves, primarily related to the 2004 and 2005 hurricanes, a net reserve release of $58 primarily related to allocated loss adjustment expense reserves on workers’ compensation and package business in Small Commercial and a $45 strengthening of construction defects claim reserves in Specialty Commercial.
[3]	The year ended December 31, 2005 included a Citizens’ assessment of $64. The year ended December 31, 2006 included a reduction to the Citizens’ assessment of $41. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The year ended December 31, 2006 included Citizens’ assessment recoupments of $12.
[4]	The three months ended December 31, 2006 included a current accident year reserve release totaling 2.2 points, related to Personal Lines auto liability claims, Small Commercial and Middle Market workers’ compensation claims and Small Commercial package business.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-1b

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

		THREE MONTHS ENDED						NINE MONTHS ENDED
	Mar. 31,			Jun. 30,		Sept. 30,		SEPTEMBER 30,
	2007			2007		2007		2006			2007		Change
UNDERWRITING RESULTS
Written premiums [1]	$	939		$	1,039	$	1,035	$	2,936		$	3,013		3	%
Change in unearned premium reserve		(14	)		72		51		126			109		(13	%)
Earned premiums [1]		953			967		984		2,810			2,904		3	%
Losses and loss adjustment expenses
Current accident year before catastrophes		593			628		659		1,803			1,880		4	%
Current accident year catastrophes		17			32		26		91			75		(18	%)
Prior accident years [2]		4			4		7		(30	)		15	NM
Total losses and loss adjustment expenses		614			664		692		1,864			1,970		6	%
Underwriting expenses [3]		209			219		214		625			642		3	%
Underwriting results	$	130		$	84	$	78	$	321		$	292		(9	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [4]		62.2			65.1		66.9		64.1			64.7		(0.6	)
Current accident year catastrophes		1.8			3.3		2.6		3.2			2.6		0.6
Prior accident years [2] [5]		0.5			0.3		0.7		(1.1	)		0.5		(1.6	)
Total losses and loss adjustment expenses		64.5			68.7		70.1		66.3			67.8		(1.5	)
Expenses		21.9			22.6		21.9		22.3			22.1		0.2
Combined ratio		86.4			91.3		92.0		88.6			89.9		(1.3	)
Catastrophes
Current year		1.8			3.3		2.6		3.2			2.6		0.6
Prior year		—			0.3		0.4		(0.6	)		0.2		(0.8	)
Catastrophe ratio		1.8			3.6		3.0		2.6			2.8		(0.2	)
Combined ratio before catastrophes		84.6			87.7		89.0		85.9			87.1		(1.2	)
Combined ratio before catastrophes and prior year development [5] [6]		84.1			87.7		88.7		86.4			86.9		(0.5	)
COMBINED RATIO
Automobile		90.7			95.9		95.9		94.0			94.2		(0.2	)
Homeowners		74.8			79.0		81.9		72.9			78.6		(5.7	)
Total		86.4			91.3		92.0		88.6			89.9		(1.3	)

[1]	Written and earned premiums for Omni for the nine months ended September 30, 2006 were $94 and $108, respectively.
[2]	The nine months ended September 30, 2006 included a net release of catastrophe reserves of $17, primarily related to the 2004 and 2005 hurricanes.
[3]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $19. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The nine months ended September 30, 2006 and 2007 each included Citizens’ assessment recoupments of $3.
[4]	The three months ended June 30, 2007 included current accident year reserve strengthening, totaling 1.1 points, related to auto liability claims.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[6]	Excluding the effect of Omni, the Personal Lines combined ratio before catastrophes and prior accident year development for the nine months ended September 30, 2006 was 85.2.

PC-2a

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

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	901		$	1,013		$	1,022		$	941		$	3,676		$	3,877			5	%
Change in unearned premium reserve		(18	)		74			70			(9	)		66			117			77	%
Earned premiums [1]		919			939			952			950			3,610			3,760			4	%
Losses and loss adjustment expenses
Current accident year before catastrophes		566			604			633			593			2,291			2,396			5	%
Current accident year catastrophes		23			46			22			29			98			120			22	%
Prior accident years [2]		14			(37	)		(7	)		(8	)		(95	)		(38	)		60	%
Total losses and loss adjustment expenses		603			613			648			614			2,294			2,478			8	%
Underwriting expenses [3]		210			200			215			228			856			853			—
Underwriting results	$	106		$	126		$	89		$	108		$	460		$	429			(7	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [4]		61.5			64.5			66.3			62.7			63.5			63.8			(0.3	)
Current accident year catastrophes		2.6			4.8			2.3			3.0			2.7			3.2			(0.5	)
Prior accident years [2] [5]		1.5			(4.0	)		(0.7	)		(0.9	)		(2.6	)		(1.0	)		(1.6	)
Total losses and loss adjustment expenses		65.6			65.4			67.9			64.8			63.6			65.9			(2.3	)
Expenses		22.9			21.2			22.8			23.8			23.7			22.7			1.0
Combined ratio		88.5			86.6			90.7			88.6			87.3			88.6			(1.3	)
Catastrophes
Current year		2.6			4.8			2.3			3.0			2.7			3.2			(0.5	)
Prior year		0.6			(1.2	)		(1.1	)		0.3			0.2			(0.4	)		0.6
Catastrophe ratio		3.2			3.6			1.2			3.3			2.9			2.8			0.1
Combined ratio before catastrophes		85.3			83.0			89.5			85.3			84.4			85.8			(1.4	)
Combined ratio before catastrophes and prior year development [5]		84.4			85.7			89.0			86.5			87.2			86.4			0.8
COMBINED RATIO
Automobile		93.2			92.2			96.6			92.5			90.7			93.6			(2.9	)
Homeowners		74.5			70.4			73.7			77.5			76.6			74.0			2.6
Total		88.5			86.6			90.7			88.6			87.3			88.6			(1.3	)

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $31 for the year ended December 31, 2005.
[2]	The year ended December 31, 2005 included a net reserve release of $95, predominantly related to allocated loss adjustment expenses on auto liability claims. The year ended December 31, 2006 included a net catastrophe reserve release of $14, primarily related to the 2004 and 2005 hurricanes.
[3]	The year ended December 31, 2005 included a Citizens’ assessment of $30. The year ended December 31, 2006 included a reduction to the Citizens’ assessment of $19. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The year ended December 31, 2006 included Citizens’ assessment recoupments of $5.
[4]	The three months ended December 31, 2006 included a current accident year reserve release totaling 3.1 points, predominantly related to auto liability claims.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-2b

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

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	650		$	727		$	724		$	1,950		$	2,101			8	%
Agency		269			293			294			824			856			4	%
Other		20			19			17			162			56			(65	%)
Total	$	939		$	1,039		$	1,035		$	2,936		$	3,013			3	%
EARNED PREMIUMS [1]
AARP	$	653		$	663		$	680		$	1,831		$	1,996			9	%
Agency		277			282			283			795			842			6	%
Other		23			22			21			184			66			(64	%)
Total	$	953		$	967		$	984		$	2,810		$	2,904			3	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	699		$	739		$	732		$	2,162		$	2,170			—
Homeowners		240			300			303			774			843			9	%
Total	$	939		$	1,039		$	1,035		$	2,936		$	3,013			3	%
EARNED PREMIUMS [1]
Automobile	$	693		$	705		$	712		$	2,089		$	2,110			1	%
Homeowners		260			262			272			721			794			10	%
Total	$	953		$	967		$	984		$	2,810		$	2,904			3	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)
Automobile		—			—			—			(1	%)		—			1	%
Homeowners		8	%		6	%		5	%		4	%		6	%		2	%
Premium Retention
Automobile		89	%		88	%		88	%		87	%		88	%		1	%
Homeowners		100	%		97	%		94	%		95	%		97	%		2	%
New Business Premium $
Automobile	$	117		$	115		$	108		$	352		$	340			(3	%)
Homeowners	$	37		$	39		$	36		$	122		$	112			(8	%)
Policies in force
Automobile		2,313,512			2,342,883			2,359,246			2,314,116			2,359,246			2	%
Homeowners		1,458,485			1,476,340			1,484,157			1,425,984			1,484,157			4	%

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

PC-3a 

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

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	589		$	678		$	683		$	630		$	2,373		$	2,580			9	%
Agency		250			283			291			276			1,020			1,100			8	%
Other		62			52			48			35			283			197			(30	%)
Total	$	901		$	1,013		$	1,022		$	941		$	3,676		$	3,877			5	%
EARNED PREMIUMS [1]
AARP	$	595		$	612		$	624		$	635		$	2,296		$	2,466			7	%
Agency		258			266			271			273			997			1,068			7	%
Other		66			61			57			42			317			226			(29	%)
Total	$	919		$	939		$	952		$	950		$	3,610		$	3,760			4	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	690		$	735		$	737		$	694		$	2,753		$	2,856			4	%
Homeowners		211			278			285			247			923			1,021			11	%
Total	$	901		$	1,013		$	1,022		$	941		$	3,676		$	3,877			5	%
EARNED PREMIUMS [1]
Automobile	$	686		$	695		$	708		$	703		$	2,728		$	2,792			2	%
Homeowners		233			244			244			247			882			968			10	%
Total	$	919		$	939		$	952		$	950		$	3,610		$	3,760			4	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)
Automobile		—			—			(1	%)		(1	%)		—			(1	%)		(1	%)
Homeowners		4	%		4	%		4	%		6	%		6	%		5	%		(1	%)
Premium Retention
Automobile		86	%		87	%		87	%		87	%		87	%		87	%		—
Homeowners		94	%		95	%		95	%		93	%		94	%		94	%		—
New Business Premium $
Automobile	$	109		$	114		$	129		$	117		$	426		$	469			10	%
Homeowners	$	32		$	44		$	46		$	39		$	131		$	161			23	%
Policies in force
Automobile		2,252,977			2,277,520			2,314,116			2,276,165			2,222,689			2,276,165			2	%
Homeowners		1,377,201			1,401,706			1,425,984			1,440,399			1,365,585			1,440,399			5	%

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

PC-3b 

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

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
UNDERWRITING RESULTS
Written premiums	$	740		$	694		$	664		$	2,062		$	2,098			2	%
Change in unearned premium reserve		59			10			(19	)		95			50			(47	%)
Earned premiums		681			684			683			1,967			2,048			4	%
Losses and loss adjustment expenses
Current accident year before catastrophes		397			399			406			1,144			1,202			5	%
Current accident year catastrophes		7			12			6			29			25			(14	%)
Prior accident years [1]		(5	)		(27	)		(47	)		(55	)		(79	)		(44	%)
Total losses and loss adjustment expenses		399			384			365			1,118			1,148			3	%
Underwriting expenses [2]		197			197			197			553			591			7	%
Dividends to policyholders		1			2			2			7			5			(29	%)
Underwriting results	$	84		$	101		$	119		$	289		$	304			5	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		58.3			58.4			59.4			58.2			58.7			(0.5	)
Current accident year catastrophes		1.0			1.8			0.8			1.5			1.2			0.3
Prior accident years [1] [3]		(0.8	)		(3.9	)		(6.9	)		(2.8	)		(3.9	)		1.1
Total losses and loss adjustment expenses		58.5			56.3			53.3			56.9			56.0			0.9
Expenses		28.9			28.8			28.8			28.1			28.8			(0.7	)
Policyholder dividends		0.2			0.2			0.3			0.3			0.2			0.1
Combined ratio		87.6			85.4			82.4			85.3			85.1			0.2
Catastrophes Current year		1.0			1.8			0.8			1.5			1.2			0.3
Prior year		0.3			0.1			0.1			(1.1	)		0.2			(1.3	)
Catastrophe ratio		1.3			1.9			1.0			0.4			1.4			(1.0	)
Combined ratio before catastrophes		86.3			83.4			81.5			84.9			83.7			1.2
Combined ratio before catastrophes and prior year development [3]		87.4			87.5			88.5			86.6			87.8			(1.2	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(1	%)		(1	%)		(1	%)		1	%		(1	%)		(2	%)
Premium Retention		85	%		84	%		84	%		87	%		84	%		(3	%)
New Business Premium $	$	129		$	126		$	116		$	413		$	371			(10	%)
Policies in force		1,005,879			1,020,262			1,031,855			979,655			1,031,855			5	%

[1]	The nine months ended September 30, 2006 included a net reserve release of $23 related to allocated loss adjustment expense reserves on workers’ compensation and package business and a net catastrophe reserve release of $21, primarily related to the 2004 and 2005 hurricanes. The nine months ended September 30, 2007 included a net reserve release of $75 on workers’ compensation business for recent accident years.
[2]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $10. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The nine months ended September 30, 2006 and 2007 included Citizens’ assessment recoupments of $2 and $1, respectively.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-4a 

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

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	721		$	684		$	657		$	666		$	2,545		$	2,728			7	%
Change in unearned premium reserve		78			28			(11	)		(19	)		124			76			(39	%)
Earned premiums [1]		643			656			668			685			2,421			2,652			10	%
Losses and loss adjustment expenses
Current accident year before catastrophes		371			385			388			365			1,426			1,509			6	%
Current accident year catastrophes		11			10			8			5			50			34			(32	%)
Prior accident years [2]		(10	)		(27	)		(18	)		(20	)		(24	)		(75	)	NM
Total losses and loss adjustment expenses		372			368			378			350			1,452			1,468			1	%
Underwriting expenses [3]		185			174			194			203			733			756			3	%
Dividends to policyholders		1			2			4			(1	)		4			6			50	%
Underwriting results	$	85		$	112		$	92		$	133		$	232		$	422			82	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [4]		57.9			58.6			58.2			52.9			58.9			56.9			2.0
Current accident year catastrophes		1.6			1.6			1.2			0.8			2.1			1.3			0.8
Prior accident years [2] [5]		(1.6	)		(4.1	)		(2.7	)		(3.0	)		(1.0	)		(2.8	)		1.8
Total losses and loss adjustment expenses		57.8			56.2			56.7			50.7			60.0			55.3			4.7
Expenses		28.8			26.5			28.9			29.9			30.2			28.5			1.7
Policyholder dividends		0.2			0.3			0.5			(0.1	)		0.2			0.2			—
Combined ratio		86.8			82.9			86.1			80.5			90.4			84.1			6.3
Catastrophes Current year		1.6			1.6			1.2			0.8			2.1			1.3			0.8
Prior year		(1.3	)		0.5			(2.4	)		0.4			0.4			(0.7	)		1.1
Catastrophe ratio		0.3			2.1			(1.2	)		1.2			2.5			0.6			1.9
Combined ratio before catastrophes		86.6			80.8			87.3			79.3			87.9			83.5			4.4
Combined ratio before catastrophes and prior year development [5]		86.9			85.4			87.6			82.7			89.3			85.6			3.7
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		—			1	%		1	%		—			2	%		1	%		(1	%)
Premium Retention		87	%		87	%		88	%		86	%		88	%		87	%		(1	%)
New Business Premium $	$	149		$	139		$	125		$	120		$	581		$	533			(8	%)
Policies in force		941,265			964,329			979,655			991,979			921,952			991,979			8	%

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $7 for the year ended December 31, 2005.
[2]	The year ended December 31, 2006 included a net reserve release of $33 related to allocated loss adjustment expense reserves on workers’ compensation and package business and a net catastrophe reserve release of $18 primarily related to the 2004 and 2005 hurricanes.
[3]	The year ended December 31, 2005 included a Citizens’ assessment of $16. The year ended December 31, 2006 included a reduction to the Citizens’ assessment of $10. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The year ended December 31, 2006 included Citizens’ assessment recoupments of $3.
[4]	The three months ended December 31, 2006 included a current accident year reserve release totaling 3.1 points, related to workers’ compensation claims and package business.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-4b 

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
MIDDLE MARKET
UNDERWRITING RESULTS

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007			Change
UNDERWRITING RESULTS
Written premiums	$	557		$	536		$	573		$	1,803		$	1,666			(8	%)
Change in unearned premium reserve		(48	)		(56	)		(9	)		(45	)		(113	)		(151	%)
Earned premiums		605			592			582			1,848			1,779			(4	%)
Losses and loss adjustment expenses Current accident year before catastrophes		380			381			384			1,151			1,145			(1	%)
Current accident year catastrophes		5			5			(1	)		34			9			(74	%)
Prior accident years [1]		18			(2	)		11			13			27			108	%
Total losses and loss adjustment expenses		403			384			394			1,198			1,181			(1	%)
Underwriting expenses [2]		167			168			165			476			500			5	%
Dividends to policyholders		2			6			1			4			9			125	%
Underwriting results	$	33		$	34		$	22		$	170		$	89			(48	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		62.9			64.2			66.1			62.1			64.4			(2.3	)
Current accident year catastrophes		0.7			0.9			—			1.8			0.5			1.3
Prior accident years [1] [3]		3.1			(0.5	)		1.8			0.8			1.5			(0.7	)
Total losses and loss adjustment expenses		66.8			64.6			67.9			64.7			66.4			(1.7	)
Expenses		27.6			28.5			28.2			25.9			28.1			(2.2	)
Policyholder dividends		0.2			1.1			0.3			0.2			0.5			(0.3	)
Combined ratio		94.6			94.1			96.3			90.8			95.0			(4.2	)
Catastrophes Current year		0.7			0.9			—			1.8			0.5			1.3
Prior year		(0.6	)		(0.2	)		(0.3	)		(0.1	)		(0.4	)		0.3
Catastrophe ratio		0.1			0.8			(0.3	)		1.7			0.2			1.5
Combined ratio before catastrophes		94.5			93.4			96.6			89.1			94.8			(5.7	)
Combined ratio before catastrophes and prior year development [3]		90.7			93.7			94.5			88.2			93.0			(4.8	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(5	%)		(4	%)		(3	%)		(4	%)		(4	%)		—
Premium Retention		78	%		76	%		77	%		82	%		77	%		(5	%)
New Business Premium $	$	106		$	97		$	93		$	347		$	296			(15	%)
Policies in force		79,244			79,539			79,813			78,502			79,813			2	%

[1]	The nine months ended September 30, 2006 included a net reserve release of $15 primarily related to allocated loss adjustment expense reserves on workers’ compensation business. The nine months ended September 30, 2007 included reserve strengthening of $40 on workers’ compensation business for older accident years.
[2]	The nine months ended September 30, 2006 included a reduction to the Citizens’ assessment of $12. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The nine months ended September 30, 2006 and 2007 included Citizens’ assessment recoupments of $2 and $1, respectively.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-5a 

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
MIDDLE MARKET
UNDERWRITING RESULTS

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	582		$	586		$	635		$	642		$	2,445		$	2,445			—
Change in unearned premium reserve		(36	)		(22	)		13			36			90			(9	)	NM
Earned premiums [1]		618			608			622			606			2,355			2,454			4	%
Losses and loss adjustment expenses
Current accident year before catastrophes		380			362			409			382			1,431			1,533			7	%
Current accident year catastrophes		4			14			16			2			38			36			(5	%)
Prior accident years [2]		25			1			(13	)		2			52			15			(71	%)
Total losses and loss adjustment expenses		409			377			412			386			1,521			1,584			4	%
Underwriting expenses [3]		161			153			162			181			669			657			(2	%)
Dividends to policyholders		2			(1	)		3			2			2			6		NM
Underwriting results	$	46		$	79		$	45		$	37		$	163		$	207			27	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [4]		61.1			60.0			65.1			64.2			60.7			62.6			(1.9	)
Current accident year catastrophes		0.8			2.2			2.6			0.3			1.6			1.5			0.1
Prior accident years [2] [5]		4.1			0.2			(2.0	)		0.1			2.2			0.6			1.6
Total losses and loss adjustment expenses		66.0			62.3			65.7			64.6			64.6			64.7			(0.1	)
Expenses		26.2			24.9			26.6			29.0			28.5			26.7			1.8
Policyholder dividends		0.2			(0.2	)		0.5			0.2			0.1			0.2			(0.1	)
Combined ratio		92.5			87.0			92.9			93.8			93.2			91.6			1.6
Catastrophes
Current year		0.8			2.2			2.6			0.3			1.6			1.5			0.1
Prior year		2.4			(1.2	)		(1.6	)		0.4			(0.2	)		—			(0.2	)
Catastrophe ratio		3.2			1.0			1.0			0.7			1.4			1.5			(0.1	)
Combined ratio before catastrophes		89.3			86.0			91.8			93.1			91.7			90.1			1.6
Combined ratio before catastrophes and prior year development [5]		87.6			84.7			92.3			93.4			89.3			89.5			(0.2	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(4	%)		(4	%)		(5	%)		(6	%)		(5	%)		(5	%)		—
Premium Retention		81	%		81	%		83	%		83	%		81	%		82	%		1	%
New Business Premium $	$	113		$	110		$	124		$	115		$	600		$	462			(23	%)
Policies in force		77,719			78,175			78,502			78,747			77,350			78,747			2	%

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $8 for the year ended December 31, 2005.
[2]	The year ended December 31, 2005 included a $40 increase in general liability reserves. The year ended December 31, 2006 included a net reserve release of $25 primarily related to allocated loss adjustment expense reserves on workers’ compensation business.
[3]	The year ended December 31, 2005 included a Citizens’ assessment of $17. The year ended December 31, 2006 included a reduction to the Citizens’ assessment of $12. These assessments and reductions thereto related to 2004 and 2005 hurricanes. The year ended December 31, 2006 included Citizens’ assessment recoupments of $3.
[4]	The three months ended December 31, 2006 included a current accident year reserve release totaling 1.2 points, related to workers’ compensation claims.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-5b

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

	THREE MONTHS ENDED									NINE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2007			2006			2007		Change
UNDERWRITING RESULTS
Written premiums	$	386		$	405		$	356		$	1,234		$	1,147		(7	%)
Change in unearned premium reserve		2			27			(21	)		56			8		(86	%)
Earned premiums		384			378			377			1,178			1,139		(3	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		255			256			246			794			757		(5	%)
Current accident year catastrophes		(1	)		3			1			10			3		(70	%)
Prior accident years [1]		(13	)		13			18			29			18		(38	%)
Total losses and loss adjustment expenses		241			272			265			833			778		(7	%)
Underwriting expenses		96			106			104			300			306		2	%
Dividends to policyholders		1			2			2			5			5		—
Underwriting results	$	46		$	(2	)	$	6		$	40		$	50		25	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		65.7			68.0			65.5			67.7			66.4		1.3
Current accident year catastrophes		0.1			0.6			0.2			0.8			0.3		0.5
Prior accident years [1] [2]		(3.6	)		3.8			5.0			2.4			1.7		0.7
Total losses and loss adjustment expenses		62.2			72.4			70.7			70.9			68.4		2.5
Expenses		25.2			27.8			27.7			25.3			26.9		(1.6	)
Policyholder dividends		0.4			0.4			0.3			0.5			0.4		0.1
Combined ratio		87.8			100.6			98.6			96.6			95.7		0.9
Catastrophes
Current year		0.1			0.6			0.2			0.8			0.3		0.5
Prior year		(1.1	)		—			1.2			(2.9	)		0.1		(3.0	)
Catastrophe ratio		(1.0	)		0.6			1.4			(2.1	)		0.4		(2.5	)
Combined ratio before catastrophes		88.8			100.0			97.2			98.7			95.3		3.4
Combined ratio before catastrophes and prior year development [2]		91.4			96.3			93.5			93.4			93.7		(0.3	)

[1]	The nine months ended September 30, 2006 included a net catastrophe reserve release of $34, primarily related to the 2004 and 2005 hurricanes and an increase of $45 for construction defects claims.
[2]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-6a

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

	THREE MONTHS ENDED												YEAR ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			DECEMBER 31,
	2006			2006			2006			2006			2005			2006			Change
UNDERWRITING RESULTS
Written premiums [1]	$	425		$	424		$	385		$	374		$	1,817		$	1,608			(12	%)
Change in unearned premium reserve		40			21			(5	)		(10	)		51			46			(10	%)
Earned premiums [1]		385			403			390			384			1,766			1,562			(12	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		270			281			243			275			1,216			1,069			(12	%)
Current accident year catastrophes		3			3			4			(1	)		165			9			(95	%)
Prior accident years [2]		(35	)		54			10			5			103			34			(67	%)
Total losses and loss adjustment expenses		238			338			257			279			1,484			1,112			(25	%)
Underwriting expenses		96			99			105			100			437			400			(8	%)
Dividends to policyholders		1			3			1			(8	)		9			(3	)	NM
Underwriting results	$	50		$	(37	)	$	27		$	13		$	(164	)	$	53		NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		70.6			68.7			63.6			69.9			68.9			68.2			0.7
Current accident year catastrophes		0.5			1.1			0.8			—			9.3			0.6			8.7
Prior accident years [2] [3]		(8.8	)		13.3			2.2			1.9			5.8			2.3			3.5
Total losses and loss adjustment expenses		62.4			83.0			66.7			71.7			84.1			71.1			13.0
Expenses		24.1			25.9			25.7			27.2			24.6			25.7			(1.1	)
Policyholder dividends		0.5			0.5			0.5			(2.1	)		0.5			(0.1	)		0.6
Combined ratio		87.0			109.5			92.9			96.8			109.2			96.7			12.5
Catastrophes
Current year		0.5			1.1			0.8			—			9.3			0.6			8.7
Prior year		(7.7	)		(0.5	)		(0.6	)		(1.2	)		0.1			(2.5	)		2.6
Catastrophe ratio		(7.2	)		0.6			0.2			(1.2	)		9.5			(1.9	)		11.4
Combined ratio before catastrophes		94.1			108.9			92.7			98.0			99.7			98.5			1.2
Combined ratio before catastrophes and prior year development [3]		95.2			95.2			89.9			95.0			94.1			93.8			0.3

[1]	Written and earned premiums are net of catastrophe treaty reinstatement premium related to hurricanes of $27 for the year ended December 31, 2005.
[2]	The year ended December 31, 2005 included workers compensation reserve strengthening of $70. The year ended December 31, 2006 included an increase of $45 for construction defect claims and a net catastrophe reserve release of $38, primarily related to the 2004 and 2005 hurricanes.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-6b

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

	THREE MONTHS ENDED						NINE MONTHS ENDED
	Mar. 31,		Jun. 30,		Sept. 30,		SEPTEMBER 30,
	2007		2007		2007		2006		2007		Change
WRITTEN PREMIUMS [1]
Property	$	41	$	59	$	44	$	161	$	144		(11	%)
Casualty		165		147		119		465		431		(7	%)
Professional Liability, Fidelity and Surety		159		178		173		510		510		—
Other		21		21		20		98		62		(37	%)
Total	$	386	$	405	$	356	$	1,234	$	1,147		(7	%)
EARNED PREMIUMS [1]
Property	$	52	$	49	$	52	$	160	$	153		(4	%)
Casualty		141		138		130		443		409		(8	%)
Professional Liability, Fidelity and Surety		170		168		176		485		514		6	%
Other		21		23		19		90		63		(30	%)
Total	$	384	$	378	$	377	$	1,178	$	1,139		(3	%)

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

PC-7a

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

	THREE MONTHS ENDED								YEAR ENDED
	Mar. 31,		Jun. 30,		Sept. 30,		Dec. 31,		DECEMBER 31,
	2006		2006		2006		2006		2005		2006		Change
WRITTEN PREMIUMS [1]
Property	$	43	$	69	$	49	$	51	$	211	$	212		—
Casualty		188		145		132		117		826		582		(30	%)
Professional Liability, Fidelity and Surety		157		174		179		187		613		697		14	%
Other		37		36		25		19		167		117		(30	%)
Total	$	425	$	424	$	385	$	374	$	1,817	$	1,608		(12	%)
EARNED PREMIUMS [1]
Property	$	55	$	54	$	51	$	53	$	245	$	213		(13	%)
Casualty		144		151		148		136		796		579		(27	%)
Professional Liability, Fidelity and Surety		154		160		171		165		555		650		17	%
Other		32		38		20		30		170		120		(29	%)
Total	$	385	$	403	$	390	$	384	$	1,766	$	1,562		(12	%)

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

PC-7b

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

	For the Nine Months Ended September 30, 2007
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/07 — gross	$	1,959		$	3,421		$	4,517		$	6,378		$	16,275		$	5,716		$	21,991
Reinsurance and other recoverables		134			214			477			2,262			3,087			1,300			4,387
Liabilities for unpaid losses and loss adjustment expenses at 1/1/07 — net		1,825			3,207			4,040			4,116			13,188			4,416			17,604
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		1,880			1,202			1,145			757			4,984			—			4,984
Current accident year catastrophes		75			25			9			3			112			—			112
Prior accident years		15			(79	)		27			18			(19	)		173			154
Total provision for unpaid losses and loss adjustment expenses		1,970			1,148			1,181			778			5,077			173			5,250
Payments		(1,895	)		(912	)		(895	)		(565	)		(4,267	)		(418	)		(4,685	)
Reallocation of reserves for unallocated loss adjustment expenses [1]		(58	)		(105	)		(86	)		124			(125	)		125			—
Liabilities for unpaid losses and loss adjustment expenses at 9/30/07 — net		1,842			3,338			4,240			4,453			13,873			4,296			18,169
Reinsurance and other recoverables		56			182			435			2,373			3,046			982			4,028
Liabilities for unpaid losses and loss adjustment expenses at 9/30/07 — gross	$	1,898		$	3,520		$	4,675		$	6,826		$	16,919		$	5,278		$	22,197
Earned premiums	$	2,904		$	2,048		$	1,779		$	1,139		$	7,870		$	3		$	7,873
Loss and loss expense paid ratio		65.2			44.5			50.4			49.7			54.2
Loss and loss expense incurred ratio		67.8			56.0			66.4			68.4			64.5
Prior accident year development (pts.)		0.5			(3.9	)		1.5			1.7			(0.2	)

[1] Prior to the second quarter of 2007, the Company evaluated the adequacy of the reserves for unallocated loss adjustment expenses on a company-wide basis. During the quarter ended June 30, 2007, the Company refined its analysis of the reserves at the segment level, resulting in the reallocation of reserves among segments.

PC-8

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

	For the Year Ended December 31, 2006
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/06 — gross	$	2,152		$	3,023		$	4,172		$	6,073		$	15,420		$	6,846		$	22,266
Reinsurance and other recoverables		385			192			565			2,306			3,448			1,955			5,403
Liabilities for unpaid losses and loss adjustment expenses at 1/1/06 — net		1,767			2,831			3,607			3,767			11,972			4,891			16,863
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		2,396			1,509			1,533			1,069			6,507			—			6,507
Current accident year catastrophes		120			34			36			9			199			—			199
Prior accident years		(38	)		(75	)		15			34			(64	)		360			296
Total provision for unpaid losses and loss adjustment expenses		2,478			1,468			1,584			1,112			6,642			360			7,002
Payments		(2,309	)		(1,092	)		(1,151	)		(763	)		(5,315	)		(835	)		(6,150	)
Net reserves of Omni business sold		(111	)		—			—			—			(111	)		—			(111	)
Liabilities for unpaid losses and loss adjustment expenses at 12/31/06 — net		1,825			3,207			4,040			4,116			13,188			4,416			17,604
Reinsurance and other recoverables		134			214			477			2,262			3,087			1,300			4,387
Liabilities for unpaid losses and loss adjustment expenses at 12/31/06 — gross	$	1,959		$	3,421		$	4,517		$	6,378		$	16,275		$	5,716		$	21,991
Earned premiums	$	3,760		$	2,652		$	2,454		$	1,562		$	10,428		$	5		$	10,433
Loss and loss expense paid ratio		61.4			41.1			47.1			48.6			51.0
Loss and loss expense incurred ratio		65.9			55.3			64.7			71.1			63.7
Prior accident year development (pts.)		(1.0	)		(2.8	)		0.6			2.3			(0.6	)

PC-9

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

	For the Year Ended December 31, 2005
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/05 — gross	$	2,000		$	2,532		$	3,638		$	5,406		$	13,576		$	7,753		$	21,329
Reinsurance and other recoverables		190			115			413			2,037			2,755			2,383			5,138
Liabilities for unpaid losses and loss adjustment expenses at 1/1/05 — net		1,810			2,417			3,225			3,369			10,821			5,370			16,191
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		2,291			1,426			1,431			1,216			6,364			—			6,364
Current accident year catastrophes		98			50			38			165			351			—			351
Prior accident years		(95	)		(24	)		52			103			36			212			248
Total provision for unpaid losses and loss adjustment expenses		2,294			1,452			1,521			1,484			6,751			212			6,963
Payments		(2,337	)		(1,038	)		(1,139	)		(1,086	)		(5,600	)		(691	)		(6,291	)
Liabilities for unpaid losses and loss adjustment expenses at 12/31/05 — net		1,767			2,831			3,607			3,767			11,972			4,891			16,863
Reinsurance and other recoverables		385			192			565			2,306			3,448			1,955			5,403
Liabilities for unpaid losses and loss adjustment expenses at 12/31/05 — gross	$	2,152		$	3,023		$	4,172		$	6,073		$	15,420		$	6,846		$	22,266
Earned premiums	$	3,610		$	2,421		$	2,355		$	1,766		$	10,152		$	4		$	10,156
Loss and loss expense paid ratio		64.7			42.9			48.3			61.6			55.1
Loss and loss expense incurred ratio		63.6			60.0			64.6			84.1			66.5
Prior accident year development (pts.)		(2.6	)		(1.0	)		2.2			5.8			0.4

PC-10