Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

SEPTEMBER 30, 2008

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:
One Hartford Plaza
Hartford, CT 06155

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


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

Rick Costello
Vice President
Investor Relations
Phone (860) 547-8480

JR (John) Reilly
Assistant Vice President
Investor Relations
Phone (860) 547-9140

As of October 22, 2008

	A.M. Best		Fitch		Standard & Poor’s		Moody’s
Insurance Financial Strength Ratings:
Hartford Fire Insurance Company		A+	AA		AA-		Aa3
Hartford Life Insurance Company		A+	AA		AA-		Aa3
Hartford Life and Accident Insurance Company		A+	AA		AA-		Aa3
Hartford Life and Annuity Insurance Company		A+	AA		AA-		Aa3
Hartford Life Insurance KK (Japan)		—		—	AA-			—
Hartford Life Limited (Ireland)		—		—	AA-			—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt		a		A		A		A2
Commercial paper	AMB-1			F1		A-1		P-1
Junior subordinated debentures	bbb+			A-	BBB+			A3
Hartford Life, Inc.:
Senior debt		a		A		A		A2
Hartford Life Insurance Company:
Short term rating		—		—		A-1+		P-1
Consumer notes		a+	AA-		AA-			A1

TRANSFER AGENT
The Bank of New York Mellon
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310-1900
1 (877) 272-7740

COMMON STOCK

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

This report is for information purposes only. It should be read in conjunction with documents filed by The Hartford Financial Services Group, Inc. with the U.S. Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

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

Basis of Presentation	i, ii, iii
CONSOLIDATED
Consolidated Financial Results		C-1
Operating Results by Segment		C-2
Analysis of Operating Results by Segment		C-2a
Consolidating Statements of Operations
Three Months Ended September 30, 2007 and 2008		C-3
Nine Months Ended September 30, 2007 and 2008		C-4
Consolidating Balance Sheets
As of December 31, 2007 and September 30, 2008		C-5
Capital Structure		C-6
Accumulated Other Comprehensive Loss		C-7
Computation of Basic and Diluted Earnings (Losses) Per Share		C-8
Analysis of Net Realized Capital Losses
Three Months Ended September 30, 2007 and 2008 After Tax and DAC		C-9
Nine Months Ended September 30, 2007 and 2008 After Tax and DAC		C-10
Computation of Return-on-Equity Measures		C-11
LIFE
Financial Highlights		L-1
Financial Highlights Excluding Impacts of the Unlock		L-1a
Operating Results		L-2
Total Assets Under Management		L-3
Consolidated Balance Sheets		L-4
Deferred Policy Acquisition Costs and Present Value of Future Profits		L-5
Supplemental Data-Annuity Death and Income Benefits		L-6
Reinsurance Recoverable Analysis
As of September 30, 2008		L-7
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation		L-8
Retail Products Group
Income Statements
Individual Annuity		L-9
Other		L-10
Supplemental Data
Deposits		L-11
Assets Under Management		L-12
Individual Annuity-Account Value Rollforward		L-13
Other Retail-Asset Rollforward		L-14
Individual Life
Income Statements		L-15
Supplemental Data		L-16
Account Value Rollforward		L-17
Retirement Plans
Income Statements		L-18
Supplemental Data
Deposits		L-19
Assets Under Management and Administration		L-20
Account Value and Asset Rollforward		L-21
Group Benefits
Income Statements		L-22
Supplemental Data		L-23
International
Highlights		L-24
Japan
Income Statements		L-25
Supplemental Data-Account Value Rollforward in Dollars		L-26
Supplemental Data-Account Value Rollforward in Yen		L-27
Institutional Solutions Group
Income Statements		L-28
Supplemental Data
Deposits		L-29
Assets Under Management		L-30
Account Value and Asset Rollforward		L-31
PROPERTY & CASUALTY
Financial Highlights	PC-1
Operating Results	PC-2
Ongoing Operations Operating Results	PC-3
Ongoing Operations Consolidating Underwriting Results
Three Months Ended September 30, 2008	PC-4
Nine Months Ended September 30, 2008	PC-5
Ongoing Operations Underwriting Results	PC-6
Personal Lines Underwriting Results	PC-7
Personal Lines Written and Earned Premiums	PC-8
Small Commercial Underwriting Results	PC-9
Middle Market Underwriting Results	PC-10
Specialty Commercial Underwriting Results	PC-11
Specialty Commercial Written and Earned Premiums	PC-12
Other Operations Operating Results	PC-13
Other Operations Losses and Loss Adjustment Expenses	PC-14
Summary of Gross Environmental Reserves	PC-15
Paid and Incurred Loss and Loss Adjustment Expense Development - A&E	PC-16
Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
Three Months Ended September 30, 2008	PC-17
Nine Months Ended September 30, 2008	PC-18
Reinsurance Recoverable Analysis	PC-19
Consolidated Income Statements	PC-20
Consolidated Balance Sheets	PC-21
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-22
INVESTMENTS
Investment Earnings Before-tax
Consolidated		I-1
Life		I-2
Property & Casualty		I-3
Corporate		I-4
Net Realized Capital Gains (Losses), After-tax/DAC
Three Months Ended September 30, 2008 and 2007		I-5
Nine Months Ended September 30, 2008 and 2007		I-6
Composition of Invested Assets
Consolidated		I-7
Life		I-8
Property & Casualty		I-9
Unrealized Loss Aging
Consolidated		I-10
Life		I-11
Property & Casualty		I-12
Invested Asset Exposures
As of September 30, 2008		I-13

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 four groups which are comprised of six reporting segments: The Retail Products Group (“Retail”) and Individual Life segments make up the Individual Markets Group. The Retirement Plans and Group Benefits segments make up the Employer Markets Group. The Institutional Solutions Group (“Institutional”) and International segments each make up their own group. 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 inter-segment eliminations.
•	Property & Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of 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 other capital raising and purchase accounting adjustment activities.
•	Certain operating and statistical measures have been incorporated herein to provide supplemental data that indicate current trends in The Hartford’s business. These measures include sales, deposits, net flows, account value, insurance in-force and premium retention. Premium retention is defined as renewal premium written in the current period divided by total premium written in the prior period.
•	The Hartford, along with others in the property and casualty insurance industry, uses underwriting ratios as measures of performance. The loss and loss adjustment expense ratio is the ratio of 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.
•	The Hartford, along with others in the life insurance industry, uses underwriting ratios as measures of the Group Benefits segment’s performance. The loss ratio is the ratio of total benefits, losses and loss adjustment expenses, excluding buyouts, to total premiums and other considerations excluding buyout premiums. The expense ratio is the ratio of insurance operating costs and other expenses to total premiums and other considerations excluding buyout premiums.
•	Accumulated other comprehensive income (“AOCI”) represents net of tax unrealized gain (loss) on available-for-sale securities; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and pension and other postretirement adjustments.
•	Assets under management is a 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 in the amount of assets under management whether caused by changes in the market or through net flow.
•	Assets under administration represents the client asset base of the Company’s recordkeeping business for which revenues are predominately based on the number of plan participants. Unlike assets under management, increases or decreases in assets under administration do not have a direct corresponding increase or decrease to the Company’s revenues.
•	Investment yield, before-or after-tax, is calculated by dividing before-or after-tax, respectively, annualized net investment income (excluding net realized capital gains (losses) and change in fair value of trading securities) by average invested assets at cost (fixed maturities at amortized cost, excluding trading securities).
•	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-8.
•	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. A reconciliation of net income per share to core earnings per share for the periods presented herein is set forth on page C-8.
•	Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s property 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 at page PC-2.
•	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. A reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations is set forth on pages PC-2, PC-3 and PC-13, respectively.
•	A catastrophe is a severe loss, resulting from natural or manmade events, including risks such as fire, earthquake, windstorm, explosion, 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.

 ii 

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

	DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES (CONTINUED)
•	Book value per share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) stockholders’ equity excluding AOCI, net of tax, by (b) common shares outstanding. The Hartford provides book value per share excluding AOCI to enable investors to analyze the amount of the Company’s net worth that is primarily attributable to the Company’s business operations. The Hartford believes book value per share excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per share is the most directly comparable GAAP measure. A reconciliation of book value per share to book value per share excluding AOCI for the periods presented herein is set forth at page C-1.
•	The Hartford provides different measures of the return on equity (“ROE”) of the Company. ROE (core earnings last twelve months to equity excluding AOCI), is calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non-GAAP core earnings financial measures for the reasons set forth in the related discussion above. The Hartford excludes AOCI in the calculation of these return-on-equity measures to provide investors with a measure of how effectively the Company is investing the portion of the Company’s net worth that is primarily attributable to the Company’s business operations. ROE (net income last twelve months to equity including AOCI) is the most directly comparable GAAP measure. A reconciliation of the non-GAAP return-on-equity measures for the periods presented herein to ROE (net income last twelve months to equity including AOCI) is set forth at page C-11.

 iii 

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
HIGHLIGHTS
Net income (loss)	$	851		$	595		$	145		$	543		$	(2,631	)		NM			NM		$	2,354		$	(1,943	)		NM
Core earnings (losses)	$	1,060		$	840		$	792		$	696		$	(422	)		NM			NM		$	2,667		$	1,066			(60	%)
Total revenues [1]	$	5,823		$	5,674		$	1,544		$	7,503		$	(393	)		NM			NM		$	20,242		$	8,654			(57	%)
Total assets	$	356,271		$	360,361		$	344,168		$	333,840		$	311,485			(13	%)		(7	%)
Total assets under management [2]	$	419,332		$	426,764		$	424,193		$	416,269		$	384,981			(8	%)		(8	%)
PER SHARE AND SHARES DATA
Basic earnings per share
Net income (loss)	$	2.70		$	1.90		$	0.46		$	1.74		$	(8.74	)		NM			NM		$	7.42		$	(6.29	)		NM
Core earnings (losses)	$	3.36		$	2.68		$	2.52		$	2.23		$	(1.40	)		NM			NM		$	8.41		$	3.45			(59	%)
Diluted earnings (losses) per share
Net income (loss) [3]	$	2.68		$	1.88		$	0.46		$	1.73		$	(8.74	)		NM			NM		$	7.35		$	(6.29	)		NM
Core earnings (losses) [3]	$	3.33		$	2.66		$	2.51		$	2.22		$	(1.40	)		NM			NM		$	8.33		$	3.44			(59	%)
Weighted average common shares outstanding (basic)		315.4			313.4			313.8			311.7			301.1			(14.3	) sh		(10.6	) sh		317.3			308.8			(8.5	) sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		318.0			316.1			315.7			313.1			302.1			(15.9	) sh		(11.0	) sh		320.1			310.3			(9.8	) sh
Common shares outstanding		313.7			313.8			314.5			303.1			300.4			(13.3	) sh		(2.7	) sh		313.7			300.4			(13.3	) sh
Book value per share	$	60.41		$	61.20		$	56.71		$	55.51		$	41.80			(31	%)		(25	%)
Per share impact of AOCI	$	(2.12	)	$	(2.73	)	$	(7.08	)	$	(9.17	)	$	(13.83	)		NM			(51	%)
Book value per share (excluding AOCI)	$	62.53		$	63.93		$	63.79		$	64.68		$	55.63			(11	%)		(14	%)
FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [4]		17.1	%		15.5	%		12.1	%		12.0	%		(8.6	%)		NM			NM
ROE (core earnings last 12 months to equity excluding AOCI) [4]		18.4	%		18.1	%		17.8	%		17.4	%		10.5	%		(7.9	)		(6.9	)
Debt to capitalization including AOCI		19.2	%		19.0	%		21.8	%		26.2	%		30.6	%		11.4			4.4
Investment yield, after-tax		4.0	%		4.0	%		3.6	%		3.6	%		3.2	%		(0.8	)		(0.4	)		4.1	%		3.5	%		(0.6	)
Ongoing Property & Casualty GAAP combined ratio		91.4			91.1			87.8			95.8			101.7			(10.3	)		(5.9	)		90.7			95.1			(4.4	)

[1]	Total revenues of The Hartford are impacted by net investment income and mark-to-market effects of equity securities held for trading supporting the international variable annuity business, which have corresponding amounts credited to policyholders within benefits losses and loss adjustment expenses. See pages C-3 and C-4 for the impact to total revenues along with the corresponding amounts in benefits losses and loss adjustment expenses in the three and nine months ended September 30, 2007 and 2008.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-7).
[3]	As a result of the antidilutive impact from the net loss and core loss in the three months ended September 30, 2008, and the net loss in the nine months ended September 30, 2008, The Hartford is required by generally accepted accounting principles to use basic weighted average shares in the calculation of diluted earnings per share. In the absence of the losses, 302.1 and 310.3 weighted average common shares outstanding and dilutive potential common shares would have been used in the calculation of diluted earnings per share.
[4]	See page C-11 for a computation of return-on-equity measures.

C-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
OPERATING RESULTS BY SEGMENT
(A reconciliation of core earnings (losses) to net income (loss) for each of the segments is set forth on the respective segment pages contained in this supplement.)

																Year over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
LIFE
Retail Products Group
Individual Annuity	$	365		$	192		$	174		$	189		$	(552	)		NM			NM		$	726		$	(189	)		NM
Other Retail		17			17			13			14			13			(24	%)		(7	%)		48			40			(17	%)
Total Retail Products Group		382			209			187			203			(539	)		NM			NM			774			(149	)		NM
Individual Life		64			40			41			43			8			(88	%)		(81	%)		156			92			(41	%)
Total Individual Markets Group		446			249			228			246			(531	)		NM			NM			930			(57	)		NM
Retirement Plans		18			22			17			33			(36	)		NM			NM			67			14			(79	%)
Group Benefits		92			92			70			85			100			9	%		18	%		246			255			4	%
Total Employer Markets Group		110			114			87			118			64			(42	%)		(46	%)		313			269			(14	%)
International Markets Group		79			61			67			64			(75	)		NM			NM			193			56			(71	%)
Institutional Solutions Group		38			35			22			27			1			(97	%)		(96	%)		105			50			(52	%)
Other		9			(2	)		(11	)		(5	)		—			(100	%)		100	%		(6	)		(16	)		(167	%)
Total Life core earnings (losses) [1]		682			457			393			450			(541	)		NM			NM			1,535			302			(80	%)
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results
Personal Lines		78			30			105			18			(45	)		NM			NM			292			78			(73	%)
Small Commercial		119			204			119			69			82			(31	%)		19	%		304			270			(11	%)
Middle Market		22			55			51			1			(38	)		NM			NM			89			14			(84	%)
Specialty Commercial		6			(55	)		43			20			(43	)		NM			NM			50			20			(60	%)
Total Ongoing Operations underwriting results		225			234			318			108			(44	)		NM			NM			735			382			(48	%)
Net servicing income		16			11			(1	)		8			14			(13	%)		75	%		41			21			(49	%)
Net investment income		346			357			310			334			285			(18	%)		(15	%)		1,082			929			(14	%)
Periodic net coupon settlements on credit derivatives, before-tax		5			4			2			1			2			(60	%)		100	%		11			5			(55	%)
Other expenses		(63	)		(69	)		(57	)		(65	)		(58	)		8	%		11	%		(179	)		(180	)		(1	%)
Income tax expense		(138	)		(155	)		(172	)		(105	)		(39	)		72	%		63	%		(481	)		(316	)		34	%
Ongoing Operations core earnings		391			382			400			281			160			(59	%)		(43	%)		1,209			841			(30	%)
Other Operations core earnings (losses) [2]		14			32			26			2			(4	)		NM			NM			6			24		NM
Total Property & Casualty core earnings		405			414			426			283			156			(61	%)		(45	%)		1,215			865			(29	%)
Total Corporate core losses [1]		(27	)		(31	)		(27	)		(37	)		(37	)		(37	%)		—			(83	)		(101	)		(22	%)
CONSOLIDATED
Core earnings (losses)		1,060			840			792			696			(422	)		NM			NM			2,667			1,066			(60	%)
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1][3]		(209	)		(245	)		(647	)		(153	)		(2,209	)		NM			NM			(313	)		(3,009	)		NM
Net income (loss)	$	851		$	595		$	145		$	543		$	(2,631	)		NM			NM		$	2,354		$	(1,943	)		NM
PER SHARE DATA [4]
Diluted earnings per share
Core earnings (losses)	$	3.33		$	2.66		$	2.51		$	2.22		$	(1.40	)		NM			NM		$	8.33		$	3.44			(59	%)
Net income (loss)	$	2.68		$	1.88		$	0.46		$	1.73		$	(8.74	)		NM			NM		$	7.35		$	(6.29	)		NM

[1]	Included in the three months ended September 30, 2007 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs.
	Included in the three months ended September 30, 2008 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $(932), $9, and $(9), respectively, related to the effect of the unlock of deferred acquisition costs.
	See page L-1 for further details by Life segment.
[2]	The three months ended September 30, 2007 included an environmental reserve increase of $16, after-tax. The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax. The three months ended September 30, 2008 included an environmental reserve increase of $34, after-tax.
[3]	Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.
[4]	See page C-8 for reconciliation of net income (loss) to core earnings (losses).

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF OPERATING RESULTS BY SEGMENT
(A reconciliation of core earnings (losses) to net income (loss) for each of the segments is set forth on the respective segment pages contained in this supplement.)

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
LIFE
Retail Products Group
Individual Annuity	$	365		$	192		$	174		$	189		$	(552	)		NM			NM		$	726		$	(189	)		NM
Other Retail		17			17			13			14			13			(24	%)		(7	%)		48			40			(17	%)
Total Retail Products Group		382			209			187			203			(539	)		NM			NM			774			(149	)		NM
Individual Life		64			40			41			43			8			(88	%)		(81	%)		156			92			(41	%)
Total Individual Markets Group		446			249			228			246			(531	)		NM			NM			930			(57	)		NM
Retirement Plans		18			22			17			33			(36	)		NM			NM			67			14			(79	%)
Group Benefits		92			92			70			85			100			9	%		18	%		246			255			4	%
Total Employer Markets Group		110			114			87			118			64			(42	%)		(46	%)		313			269			(14	%)
International		79			61			67			64			(75	)		NM			NM			193			56			(71	%)
Institutional Solutions Group		38			35			22			27			1			(97	%)		(96	%)		105			50			(52	%)
Other		9			(2	)		(11	)		(5	)		—			(100	%)		100	%		(6	)		(16	)		(167	%)
Total Life core earnings (losses) [1]		682			457			393			450			(541	)		NM			NM			1,535			302			(80	%)
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		111			61			127			116			126			14	%		9	%		382			369			(3	%)
Small Commercial		78			77			126			102			93			19	%		(9	%)		250			321			28	%
Middle Market		32			20			44			12			12			(63	%)		—			125			68			(46	%)
Specialty Commercial		25			15			20			10			4			(84	%)		(60	%)		71			34			(52	%)
Total Ongoing Operations underwriting results before catastrophes and prior year development		246			173			317			240			235			(4	%)		(2	%)		828			792			(4	%)
Catastrophes, excluding prior year development [2]		(32	)		(65	)		(50	)		(171	)		(356	)		NM			(108	%)		(112	)		(577	)		NM
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		(8	)		(4	)		11			1			11			NM			NM			(6	)		23			NM
Other loss and loss adjustment expenses		19			130			40			38			66			NM			74	%		25			144			NM
Total Ongoing Operations underwriting results		225			234			318			108			(44	)		NM			NM			735			382			(48	%)
Net servicing income		16			11			(1	)		8			14			(13	%)		75	%		41			21			(49	%)
Net investment income		346			357			310			334			285			(18	%)		(15	%)		1,082			929			(14	%)
Periodic net coupon settlements on credit derivatives, before-tax		5			4			2			1			2			(60	%)		100	%		11			5			(55	%)
Other expenses		(63	)		(69	)		(57	)		(65	)		(58	)		8	%		11	%		(179	)		(180	)		(1	%)
Income tax expense		(138	)		(155	)		(172	)		(105	)		(39	)		72	%		63	%		(481	)		(316	)		34	%
Ongoing Operations core earnings		391			382			400			281			160			(59	%)		(43	%)		1,209			841			(30	%)
Other Operations core earnings (losses) [3]		14			32			26			2			(4	)		NM			NM			6			24			NM
Total Property & Casualty core earnings		405			414			426			283			156			(61	%)		(45	%)		1,215			865			(29	%)
CORPORATE
Total Corporate core losses [1]		(27	)		(31	)		(27	)		(37	)		(37	)		(37	%)		—			(83	)		(101	)		(22	%)
CONSOLIDATED
Core earnings (losses)		1,060			840			792			696			(422	)		NM			NM			2,667			1,066			(60	%)
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses) [1][4]		(209	)		(245	)		(647	)		(153	)		(2,209	)		NM			NM			(313	)		(3,009	)		NM
Net income (loss)	$	851		$	595		$	145		$	543		$	(2,631	)		NM			NM		$	2,354		$	(1,943	)		NM

[1]	Included in the three months ended September 30, 2007 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs. Included in the three months ended September 30, 2008 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $(932), $9, and $(9), respectively, related to the effect of the unlock of deferred acquisition costs. See page L-1 for further details by Life segment.
[2]	The three months ended September 30, 2008 included catastrophe treaty reinstatement premium, catastrophe losses, and assessments from the Texas Windstorm Insurance Association, totaling $277, primarily related to hurricane Ike.
[3]	The three months ended September 30, 2007 included an environmental reserve increase of $16, after-tax. The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax. The three months ended September 30, 2008 included an environmental reserve increase of $34, after-tax.
[4]	Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED SEPTEMBER 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Earned premiums	$	1,434		$	1,335			(7	%)	$	2,628		$	2,568			(2	%)	$	—		$	—			—		$	4,062		$	3,903			(4	%)
Fee income		1,394			1,329			(5	%)		—			—			—			4			4			—			1,398			1,333			(5	%)
Net investment income
Securities available-for-sale and other		883			759			(14	%)		407			335			(18	%)		8			9			13	%		1,298			1,103			(15	%)
Equity securities held for trading [1]		(698	)		(3,415	)		NM			—			—			—			—			—			—			(698	)		(3,415	)		NM
Total net investment income		185			(2,656	)		NM			407			335			(18	%)		8			9			13	%		600			(2,312	)		NM
Other revenues		—			—			—			126			132			5	%		—			—			—			126			132			5	%
Net realized capital losses		(288	)		(2,012	)		NM			(75	)		(1,428	)		NM			—			(9	)		—			(363	)		(3,449	)		NM
Total revenues		2,725			(2,004	)		NM			3,086			1,607			(48	%)		12			4			(67	%)		5,823			(393	)		NM
Benefits, losses and loss adjustment expenses		1,911			2,045			7	%		1,755			1,949			11	%		—			—			—			3,666			3,994			9	%
Benefits, losses and loss adjustment expenses returns credited on International variable annuities [1]		(698	)		(3,415	)		NM			—			—			—			—			—			—			(698	)		(3,415	)		NM
Amortization of deferred policy acquisition costs and present value of future profits		(49	)		1,404			NM			525			523			—			—			—			—			476			1,927			NM
Insurance operating costs and expenses		807			828			3	%		166			201			21	%		—			—			—			973			1,029			6	%
Interest expense		1			—			(100	%)		—			—			—			66			84			27	%		67			84			25	%
Other expenses [2]		3			10			NM			174			175			1	%		(13	)		(14	)		(8	%)		164			171			4	%
Total benefits and expenses		1,975			872			(56	%)		2,620			2,848			9	%		53			70			32	%		4,648			3,790			(18	%)
Income (loss) before income taxes		750			(2,876	)		NM			466			(1,241	)		NM			(41	)		(66	)		(61	%)		1,175			(4,183	)		NM
Income tax expense (benefit)		225			(1,061	)		NM			113			(467	)		NM			(14	)		(24	)		(71	%)		324			(1,552	)		NM
Net income (loss)		525			(1,815	)		NM			353			(774	)		NM			(27	)		(42	)		(56	%)		851			(2,631	)		NM
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(157	)		(1,274	)		NM			(52	)		(930	)		NM			—			(5	)		NM			(209	)		(2,209	)		NM
Core earnings (losses)	$	682		$	(541	)		NM		$	405		$	156			(61	%)	$	(27	)	$	(37	)		(37	%)	$	1,060		$	(422	)		NM

[1]

Includes investment income and mark-to-market effects of equity securities held for trading 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.

[2]

The three months ended September 30, 2007 included $5, $12, and $(17) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations. The three months ended September 30, 2008 included $(1), $10, and $(9) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Earned premiums	$	3,887		$	3,869			—		$	7,873		$	7,768			(1	%)	$	—		$	—		$	—		$	11,760		$	11,637			(1	%)
Fee income		4,013			4,042			1	%		—			—			—			13			14			8	%		4,026			4,056			1	%
Net investment income (loss)
Securities available-for-sale and other		2,619			2,407			(8	%)		1,266			1,091			(14	%)		22			28			27	%		3,907			3,526			(10	%)
Equity securities held for trading [1]		746			(5,840	)		NM			—			—			—			—			—			—			746			(5,840	)		NM
Total net investment income (loss)		3,365			(3,433	)		NM			1,266			1,091			(14	%)		22			28			27	%		4,653			(2,314	)		NM
Other revenues		—			—			—			368			377			2	%		—			—			—			368			377			2	%
Net realized capital losses		(486	)		(3,460	)		NM			(76	)		(1,631	)		NM			(3	)		(11	)		NM			(565	)		(5,102	)		NM
Total revenues		10,779			1,018			(91	%)		9,431			7,605			(19	%)		32			31			(3	%)		20,242			8,654			(57	%)
Benefits, losses and loss adjustment expenses		5,293			5,523			4	%		5,250			5,414			3	%		—			—			—			10,543			10,937			4	%
Benefits, losses and loss adjustment expenses returns credited on International variable annuities [1]		746			(5,840	)		NM			—			—			—			—			—			—			746			(5,840	)		NM
Amortization of deferred policy acquisition costs and present value of future profits		604			1,634			171	%		1,581			1,567			(1	%)		—			—			—			2,185			3,201			46	%
Insurance operating costs and expenses		2,332			2,483			6	%		494			543			10	%		—			—			—			2,826			3,026			7	%
Interest expense		2			2			—			—			—			—			194			226			16	%		196			228			16	%
Other expenses [2]		45			33			(27	%)		509			537			6	%		(32	)		(28	)		13	%		522			542			4	%
Total benefits and expenses		9,022			3,835			(57	%)		7,834			8,061			3	%		162			198			22	%		17,018			12,094			(29	%)
Income (loss) before income taxes		1,757			(2,817	)		NM			1,597			(456	)		NM			(130	)		(167	)		(28	%)		3,224			(3,440	)		NM
Income tax expense (benefit)		476			(1,181	)		NM			439			(257	)		NM			(45	)		(59	)		(31	%)		870			(1,497	)		NM
Net income (loss)		1,281			(1,636	)		NM			1,158			(199	)		NM			(85	)		(108	)		(27	%)		2,354			(1,943	)		NM
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(254	)		(1,938	)		NM			(57	)		(1,064	)		NM			(2	)		(7	)		NM		(313)				(3,009	)		NM
Core earnings (losses)	$	1,535		$	302			(80	%)	$	1,215		$	865			(29	%)	$	(83	)	$	(101	)		(22	%)		$2,667		$	1,066			(60	%)

[1]

Includes investment income and mark-to-market effects of equity securities held for trading 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.

[2]

The nine months ended September 30, 2007 included $23, $38, and $(61) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations. The nine months ended September 30, 2008 included $12, $31, and $(43) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2007 AND SEPTEMBER 30, 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,						Dec. 31,			Sept. 30,
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	52,542		$	46,292			(12	%)	$	27,205		$	23,727			(13	%)	$	308		$	72			(77	%)	$	80,055		$	70,091			(12	%)
Equity securities, trading, at fair value		36,182			33,655			(7	%)		—			—			—			—			—			—			36,182			33,655			(7	%)
Equity securities, available-for-sale, at fair value		1,284			908			(29	%)		1,208			741			(39	%)		103			81			(21	%)		2,595			1,730			(33	%)
Policy loans, at outstanding balance		2,061			2,159			5	%		—			—			—			—			—			—			2,061			2,159			5	%
Mortgage loans on real estate		4,739			5,460			15	%		671			762			14	%		—			—			—			5,410			6,222			15	%
Limited partnerships and other alternative investments		1,306			1,410			8	%		1,260			1,407			12	%		—			—			—			2,566			2,817			10	%
Other investments		534			1,308			145	%		38			62			63	%		43			40			(7	%)		615			1,410			129	%
Short-term investments		1,158			3,793		NM				284			827			191	%		160			733		NM				1,602			5,353		NM
Total investments		99,806			94,985			(5	%)		30,666			27,526			(10	%)		614			926			51	%		131,086			123,437			(6	%)
Cash		1,770			1,683			(5	%)		241			278			15	%		—			2		NM				2,011			1,963			(2	%)
Premiums receivable and agents’ balances		427			390			(9	%)		3,254			3,237			(1	%)		—			—			—			3,681			3,627			(1	%)
Reinsurance recoverables		1,419			2,103			48	%		3,731			3,572			(4	%)		—			—			—			5,150			5,675			10	%
Deferred policy acquisition costs and present value of future profits		10,514			11,012			5	%		1,228			1,260			3	%		—			—			—			11,742			12,272			5	%
Deferred income taxes		(754	)		1,324		NM				662			1,819			175	%		400			417			4	%		308			3,560		NM
Goodwill		805			880			9	%		149			149			—			772			772			—			1,726			1,801			4	%
Property and equipment, net		374			380			2	%		598			658			10	%		—			—			—			972			1,038			7	%
Other assets		1,869			2,081			11	%		1,312			1,460			11	%		558			542			(3	%)		3,739			4,083			9	%
Separate account assets		199,946			154,029			(23	%)		—			—			—			—			—			—			199,946			154,029			(23	%)
Total assets	$	316,176		$	268,867			(15	%)	$	41,841		$	39,959			(4	%)	$	2,344		$	2,659			13	%	$	360,361		$	311,485			(14	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	15,331		$	16,602			8	%	$	22,153		$	22,605			2	%	$	—		$	—			—		$	37,484		$	39,207			5	%
Other policyholder funds and benefits payable		44,190			47,208			7	%		—			—			—			—			—			—			44,190			47,208			7	%
Other policyholder funds and benefits payable - International variable annuities		36,152			33,629			(7	%)		—			—			—			—			—			—			36,152			33,629			(7	%)
Unearned premiums		147			163			11	%		5,402			5,363			(1	%)		(4	)		(3	)		25	%		5,545			5,523			—
Debt		115			92			(20	%)		13			—			(100	%)		4,379			5,455			25	%		4,507			5,547			23	%
Consumer notes		809			1,225			51	%		—			—			—			—			—			—			809			1,225			51	%
Other liabilities		8,045			7,816			(3	%)		4,855			4,729			(3	%)		(376	)		15		NM				12,524			12,560			—
Separate account liabilities		199,946			154,029			(23	%)		—			—			—			—			—			—			199,946			154,029			(23	%)
Total liabilities		304,735			260,764			(14	%)		32,423			32,697			1	%		3,999			5,467			37	%		341,157			298,928			(12	%)
Equity excluding AOCI, net of tax		11,868			10,752			(9	%)		9,428			8,364			(11	%)		(1,234	)		(2,404	)		(95	%)		20,062			16,712			(17	%)
AOCI, net of tax		(427	)		(2,649	)	NM				(10	)		(1,102	)	NM				(421	)		(404	)		4	%		(858	)		(4,155	)	NM
Total stockholders’ equity		11,441			8,103			(29	%)		9,418			7,262			(23	%)		(1,655	)		(2,808	)		(70	%)		19,204			12,557			(35	%)
Total liabilities and stockholders’ equity	$	316,176		$	268,867			(15	%)	$	41,841		$	39,959			(4	%)	$	2,344		$	2,659			13	%	$	360,361		$	311,485			(14	%)

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month
	2007			2007			2008			2008			2008			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	822		$	1,365		$	1,364		$	1,353		$	927			13	%		(31	%)
Capital lease obligations		90			91			67			67			68			(24	%)		1	%
Senior notes		3,580			3,051			3,551			4,051			4,052			13	%		—
Junior subordinated debentures		—			—			—			500			500		NM				—
Total debt [1]	$	4,492		$	4,507		$	4,982		$	5,971		$	5,547			23	%		(7	%)
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	19,616		$	20,062		$	20,061		$	19,604		$	16,712			(15	%)		(15	%)
AOCI, net of tax		(666	)		(858	)		(2,225	)		(2,780	)		(4,155	)	NM				(49	%)
Total stockholders’ equity	$	18,950		$	19,204		$	17,836		$	16,824		$	12,557			(34	%)		(25	%)
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	23,442		$	23,711		$	22,818		$	22,795		$	18,104			(23	%)		(21	%)
Total capitalization excluding AOCI, net of tax	$	24,108		$	24,569		$	25,043		$	25,575		$	22,259			(8	%)		(13	%)
DEBT TO CAPITALIZATION RATIOS [1]
Ratios Including AOCI
Total debt to capitalization		19.2	%		19.0	%		21.8	%		26.2	%		30.6	%		11.4			4.4
Ratios Excluding AOCI
Total debt to capitalization		18.6	%		18.3	%		19.9	%		23.3	%		24.9	%		6.3			1.6
Total adjusted debt to capitalization [2] [3] [4]		22.7	%		21.8	%		23.1	%		25.0	%		27.0	%		4.3			2.0

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $723, $809, $971, $1,113, and $1,225 as of September 30, 2007, December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008, respectively.
[2]	Reflects a rating agency assignment in the leverage calculation of an estimate of the adjusted unfunded pension liability of the Company’s defined benefit plans and six times the Company’s rental expense on operating leases for total adjustments of $1.1 billion, $1.0 billion, $0.9 billion, $0.9 billion, and $1.0 billion for the three months ended September 30, 2007, December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008, respectively.
[3]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the $500 junior subordinated debentures as of June 30, 2008, and September 30, 2008.
[4]	Reflects a rating agency assignment to adjust equity for pension related amounts that are included in AOCI.

C-6

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

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of September 30, 2008
Fixed maturities unrealized loss	$	(2,689	)	$	(1,233	)	$	(2	)	$	(3,924	)
Equities unrealized gain (loss)		(53	)		108			1			56
Net deferred gain (loss) on cash-flow hedging instruments		39			(4	)		2			37
Total unrealized gain (loss)		(2,703	)		(1,129	)		1			(3,831	)
Foreign currency translation adjustments		54			(17	)		—			37
Pension and other postretirement adjustment		—			44			(405	)		(361	)
Total accumulated other comprehensive loss	$	(2,649	)	$	(1,102	)	$	(404	)	$	(4,155	)
As of December 31, 2007
Fixed maturities unrealized loss	$	(293	)	$	(67	)	$	—		$	(360	)
Equities unrealized gain (loss)		(58	)		51			8			1
Net deferred loss on cash-flow hedging instruments		(115	)		(25	)		—			(140	)
Total unrealized gain (loss)		(466	)		(41	)		8			(499	)
Foreign currency translation adjustments		39			(13	)		—			26
Pension and other postretirement adjustment		—			44			(429	)		(385	)
Total accumulated other comprehensive loss	$	(427	)	$	(10	)	$	(421	)	$	(858	)

C-7

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

	THREE MONTHS ENDED															NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			SEPTEMBER 30,
	2007			2007			2008			2008			2008			2007			2008
Numerator:
Net income (loss)	$	851		$	595		$	145		$	543		$	(2,631	)	$	2,354		$	(1,943	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(209	)		(245	)		(647	)		(153	)		(2,209	)		(313	)		(3,009	)
Core earnings (losses)		1,060			840			792			696			(422	)		2,667			1,066
Denominator:
Weighted average common shares outstanding (basic)		315.4			313.4			313.8			311.7			301.1			317.3			308.8
Dilutive effect of stock compensation		2.6			2.7			1.9			1.4			1.0			2.8			1.5
Weighted average common shares outstanding and dilutive potential common shares (diluted)		318.0			316.1			315.7			313.1			302.1			320.1			310.3
Basic earnings per share
Net income (loss)	$	2.70		$	1.90		$	0.46		$	1.74		$	(8.74	)	$	7.42		$	(6.29	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(0.66	)		(0.78	)		(2.06	)		(0.49	)		(7.34	)		(0.99	)		(9.74	)
Core earnings (losses)		3.36			2.68			2.52			2.23			(1.40	)		8.41			3.45
Diluted earnings per share
Net income (loss) [1]	$	2.68		$	1.88		$	0.46		$	1.73		$	(8.74	)	$	7.35		$	(6.29	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1]		(0.65	)		(0.78	)		(2.05	)		(0.49	)		(7.34	)		(0.98	)		(9.73	)
Core earnings (losses) [1]		3.33			2.66			2.51			2.22			(1.40	)		8.33			3.44

[1] As a result of the antidilutive impact from the net loss and core loss in the three months ended September 30, 2008, and the net loss in the nine months ended September 30, 2008, The Hartford is required by generally accepted accounting principles to use basic weighted average shares in the calculation of diluted earnings per share. In the absence of the losses, 302.1 and 310.3 weighted average common shares outstanding and dilutive potential common shares would have been used in the calculation of diluted earnings per share.

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL LOSSES AFTER TAX AND DAC
THREE MONTHS ENDED SEPTEMBER 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE							CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007		2008			Change		2007			2008			Change
Net Realized Capital Losses, After Tax and DAC
Net losses on sales	$	(15	)	$	(33	)		(120	%)	$	(3	)	$	(46	)	NM			$	—	$	(1	)	NM		$	(18	)	$	(80	)	NM
Impairments		(39	)		(1,135	)	NM				(23	)		(853	)	NM				—		(3	)	NM			(62	)		(1,991	)	NM
Japanese fixed annuity, net [1]		10			23			130	%					—			—			—		—			—		10			23			130	%
GMWB derivatives, net [2]		(69	)		(57	)		17	%		—			—			—			—		—			—		(69	)		(57	)		17	%
Other [3]		(50	)		(75	)		(50	%)		(23	)		(30	)		(30	%)		—		(1	)	NM			(73	)		(106	)		(45	%)
Total net realized capital losses, after tax and DAC		(163	)		(1,277	)	NM				(49	)		(929	)	NM				—		(5	)	NM			(212	)		(2,211	)	NM
Reconciliation of Net Realized Capital Losses, net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Losses — After Tax and DAC
Total net realized capital losses	$	(163	)	$	(1,277	)	NM			$	(49	)	$	(929	)	NM			$	—	$	(5	)	NM		$	(212	)	$	(2,211	)	NM
Less: total net realized capital losses included in core earnings (losses)		(6	)		(3	)		50	%		3			1			(67	%)		—		—			—		(3	)		(2	)		33	%
Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(157	)	$	(1,274	)	NM			$	(52	)	$	(930	)	NM			$	—	$	(5	)	NM		$	(209	)	$	(2,209	)	NM

[1]	Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized loss of $16 and $16 would have been recognized as an adjustment to this amount in the three months ended September 30, 2007 and 2008, respectively.
[2]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses resulting from counterparty non-performance.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL LOSSES AFTER TAX AND DAC
NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change		2007			2008			Change
Net Realized Capital Losses, After Tax and DAC
Net losses on sales	$	(5	)	$	(73	)	NM			$	15		$	(66	)	NM			$	—		$	(2	)	NM		$	10		$	(141	)	NM
Impairments		(62	)		(1,341	)	NM				(37	)		(926	)	NM				—			(3	)	NM			(99	)		(2,270	)	NM
Japanese fixed annuity, net [1]		2			8		NM										—			—			—			—		2			8		NM
GMWB derivatives, net [2]		(123	)		(104	)		15	%		—			—			—			—			—			—		(123	)		(104	)		15	%
SFAS 157 transition impact [3]		—			(220	)	NM				—			—			—			—			—			—		—			(220	)	NM
Other [4]		(90	)		(217	)		(140	%)		(28	)		(69	)		(146	%)		(2	)		(2	)		—		(120	)		(288	)		(139	%)
Total net realized capital losses, after tax and DAC		(278	)		(1,947	)	NM				(50	)		(1,061	)	NM				(2	)		(7	)	NM			(330	)		(3,015	)	NM
Reconciliation of Net Realized Capital Losses, net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Losses — After Tax and DAC
Total net realized capital losses	$	(278	)	$	(1,947	)	NM			$	(50	)	$	(1,061	)	NM			$	(2	)	$	(7	)	NM		$	(330	)	$	(3,015	)	NM
Less: total net realized capital losses included in core earnings (losses)		(24	)		(9	)		63	%		7			3			(57	%)		—			—			—		(17	)		(6	)		65	%
Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(254	)	$	(1,938	)	NM			$	(57	)	$	(1,064	)	NM			$	(2	)	$	(7	)	NM		$	(313	)	$	(3,009	)	NM

[1]	Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized gain of $2 and $9 would have been recognized as an adjustment to this amount in the six months ended September 30, 2007 and 2008, respectively.
[2]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[3]	Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[4]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses resulting from counterparty non-performance.

C-10

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

	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,
	2007			2007			2008			2008			2008
Numerator [1]:
Net income (loss) — last 12 months	$	3,137		$	2,949		$	2,218		$	2,134		$	(1,348	)
Core earnings — last 12 months	$	3,435		$	3,507		$	3,456		$	3,388		$	1,906
Denominator [2]:
Average equity, including AOCI		18,341.5			19,040.0			18,344.0			17,736.0			15,753.5
Less: Average AOCI		(301.0	)		(340.0	)		(1,024.0	)		(1,690.5	)		(2,410.5	)
Average equity, excluding AOCI		18,642.5			19,380.0			19,368.0			19,426.5			18,164.0
ROE (net income (loss) last 12 months to equity including AOCI)		17.1	%		15.5	%		12.1	%		12.0	%		(8.6	%)
ROE (core earnings last 12 months to equity excluding AOCI)		18.4	%		18.1	%		17.8	%		17.4	%		10.5	%

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

C-11

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
REVENUES
Retail Products Group
Individual Annuity [1]	$	774		$	783		$	722		$	721		$	714			(8	%)		(1	%)	$	2,266		$	2,157			(5	%)
Other Retail		207			223			213			222			205			(1	%)		(8	%)		590			640			8	%
Total Retail Products Group		981			1,006			935			943			919			(6	%)		(3	%)		2,856			2,797			(2	%)
Individual Life [1]		283			304			291			310			288			2	%		(7	%)		862			889			3	%
Total Individual Markets Group		1,264			1,310			1,226			1,253			1,207			(5	%)		(4	%)		3,718			3,686			(1	%)
Retirement Plans		151			152			157			188			182			21	%		(3	%)		445			527			18	%
Group Benefits		1,179			1,183			1,180			1,213			1,219			3	%		—			3,590			3,612			1	%
Total Employer Markets Group		1,330			1,335			1,337			1,401			1,401			5	%		—			4,035			4,139			3	%
International Markets Group [1]		231			241			258			264			249			8	%		(6	%)		654			771			18	%
Institutional Solutions Group		829			580			523			559			522			(37	%)		(7	%)		1,901			1,604			(16	%)
Other		51			53			40			38			39			(24	%)		3	%		181			117			(35	%)
Core revenues before net investment income (loss) on equity securities held for trading		3,705			3,519			3,384			3,515			3,418			(8	%)		(3	%)		10,489			10,317			(2	%)
Net investment income (loss) on equity securities held for trading [2]		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total core revenues	$	3,007		$	2,918		$	(194	)	$	4,668		$	3			(100	%)		(100	%)	$	11,235		$	4,477			(60	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(282	)		(331	)		(1,224	)		(228	)		(2,007	)	NM			NM				(456	)		(3,459	)	NM
Total revenues	$	2,725		$	2,587		$	(1,418	)	$	4,440		$	(2,004	)	NM			NM			$	10,779		$	1,018			(91	%)
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [3]	$	365		$	192		$	174		$	189		$	(552	)	NM			NM			$	726		$	(189	)	NM
Other Retail [3]		17			17			13			14			13			(24	%)		(7	%)		48			40			(17	%)
Total Retail Products Group		382			209			187			203			(539	)	NM			NM				774			(149	)	NM
Individual Life [3]		64			40			41			43			8			(88	%)		(81	%)		156			92			(41	%)
Total Individual Markets Group		446			249			228			246			(531	)	NM			NM				930			(57	)	NM
Retirement Plans [3]		18			22			17			33			(36	)	NM			NM				67			14			(79	%)
Group Benefits		92			92			70			85			100			9	%		18	%		246			255			4	%
Total Employer Markets Group		110			114			87			118			64			(42	%)		(46	%)		313			269			(14	%)
International Markets Group [3]		79			61			67			64			(75	)	NM			NM				193			56			(71	%)
Institutional Solutions Group [3]		38			35			22			27			1			(97	%)		(96	%)		105			50			(52	%)
Other [4]		9			(2	)		(11	)		(5	)					(100	%)		100	%		(6	)		(16	)		(167	%)
Core earnings		682			457			393			450			(541	)	NM			NM				1,535			302			(80	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings [3]		(157	)		(180	)		(548	)		(116	)		(1,274	)	NM			NM				(254	)		(1,938	)	NM
Net income (loss)	$	525		$	277		$	(155	)	$	334		$	(1,815	)	NM			NM			$	1,281		$	(1,636	)	NM
ROE (core earnings last 12 months to equity excluding AOCI)		21.1	%		21.4	%		21.8	%		20.6	%		7.5	%		(13.6	)		(13.1	)
Assets under management	$	366,818		$	371,707		$	370,290		$	362,509		$	333,305			(9	%)		(8	%)
DAC capitalization		524			489			428			413			397						(4	%)
DAC amortization		(49	)		280			(55	)		285			1,404					NM
DAC and PVFP assets		10,275			10,514			11,586			11,706			11,012						(6	%)
United States Statutory surplus ($ in billions) [5]	$	4.9		$	5.8		$	5.7		$	5.4		$	4.7

[1]	Includes benefits (charges) of ($5) and ($8), after tax, recorded in the three months ended September 30, 2007 for the unlock of unearned revenue reserves in Individual Annuity and Individual Life, respectively and benefits (charges) of $19, ($17) and ($5), after tax, recorded in the three months ended September 30, 2008 for the unlock of unearned revenue reserves and reinsurance premiums in Individual Annuity, Individual Life and International, respectively. The 2008 after-tax unlock benefit recorded in the three months ended September 30, 2008, in net realized gains (losses) excluded from core earnings, was $8.
[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 annuity business in the international operations, principally in Japan. An equal and offsetting amount is recorded in benefits, losses and loss adjustment expenses, and as such has no impact on core earnings or net income.
[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 and 2008. The 2007 after-tax benefits (charges) recorded in Individual Annuity, Retail Other, Retirement Plans, Institutional Solutions Group, Individual Life and International Markets Group were $198, ($1), ($9), $1, $16 and $22, respectively. The 2007 after-tax charge recorded in net realized gains (losses) excluded from core earnings was ($17). The 2008 after-tax (charges) recorded in Individual Annuity, Retail Other, Retirement Plans, Individual Life and International Markets Group were ($721), ($1), ($48), ($37) and ($125), respectively. The 2008 after-tax unlock (charge) recorded in net realized gains (losses) excluded from core earnings was ($9).
[4]	Included in the nine months ended September 30, 2007 is a charge of $21, after-tax, to reserve for regulatory matters.
[5]	Estimated United States statutory surplus at September 30, 2008.

L-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS EXCLUDING IMPACTS OF THE UNLOCK [1]

	THREE MONTHS ENDED															Year Over Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
REVENUES
Retail Products Group
Individual Annuity	$	782		$	783		$	722		$	721		$	685			(12	%)		(5	%)	$	2,274		$	2,128			(6	%)
Other Retail		207			223			213			222			205			(1	%)		(8	%)		590			640			8	%
Total Retail Products Group		989			1,006			935			943			890			(10	%)		(6	%)		2,864			2,768			(3	%)
Individual Life		296			304			291			310			314			6	%		1	%		875			915			5	%
Total Individual Markets Group		1,285			1,310			1,226			1,253			1,204			(6	%)		(4	%)		3,739			3,683			(1	%)
Retirement Plans		151			152			157			188			182			21	%		(3	%)		445			527			18	%
Group Benefits		1,179			1,183			1,180			1,213			1,219			3	%		—			3,590			3,612			1	%
Total Employer Markets Group		1,330			1,335			1,337			1,401			1,401			5	%		—			4,035			4,139			3	%
International Markets Group		231			241			258			264			256			11	%		(3	%)		654			778			19	%
Institutional Solutions Group		829			580			523			559			522			(37	%)		(7	%)		1,901			1,604			(16	%)
Other		51			53			40			38			39			(24	%)		3	%		181			117			(35	%)
Core revenues before net investment income (loss) on equity securities held for trading		3,726			3,519			3,384			3,515			3,422			(8	%)		(3	%)		10,510			10,321			(2	%)
Net investment income (loss) on equity securities held for trading		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total core revenues	$	3,028		$	2,918		$	(194	)	$	4,668		$	7			(100	%)		(100	%)	$	11,256		$	4,481			(60	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(282	)		(331	)		(1,224	)		(228	)		(2,019	)	NM			NM				(456	)		(3,471	)	NM
Total revenues	$	2,746		$	2,587		$	(1,418	)	$	4,440		$	(2,012	)	NM			NM			$	10,800		$	1,010			(91	%)
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	167		$	192		$	174		$	189		$	169			1	%		(11	%)	$	528		$	532			1	%
Other Retail		18			17			13			14			14			(22	%)		—			49			41			(16	%)
Total Retail Products Group		185			209			187			203			183			(1	%)		(10	%)		577			573			(1	%)
Individual Life		48			40			41			43			45			(6	%)		5	%		140			129			(8	%)
Total Individual Markets Group		233			249			228			246			228			(2	%)		(7	%)		717			702			(2	%)
Retirement Plans		27			22			17			33			12			(56	%)		(64	%)		76			62			(18	%)
Group Benefits		92			92			70			85			100			9	%		18	%		246			255			4	%
Total Employer Markets Group		119			114			87			118			112			(6	%)		(5	%)		322			317			(2	%)
International Markets Group		57			61			67			64			50			(12	%)		(22	%)		171			181			6	%
Institutional Solutions Group		37			35			22			27			1			(97	%)		(96	%)		104			50			(52	%)
Other		9			(2	)		(11	)		(5	)		—			(100	%)		100	%		(6	)		(16	)		(167	%)
Core earnings		455			457			393			450			391			(14	%)		(13	%)		1,308			1,234			(6	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings		(140	)		(180	)		(548	)		(116	)		(1,265	)	NM			NM				(237	)		(1,929	)	NM
Net income (loss)	$	315		$	277		$	(155	)	$	334		$	(874	)	NM			NM			$	1,071		$	(695	)	NM

[1] This page represents financial results as reported on page L-1 excluding the impacts of the unlock recorded in the three months ended September 30, 2007 and 2008.

L-1A

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
REVENUES
Earned premiums	$	1,434		$	1,236		$	1,229		$	1,305		$	1,335			(7	%)		2	%	$	3,887		$	3,869			—
Fee income		1,394			1,407			1,339			1,390			1,332			(4	%)		(4	%)		4,013			4,061			1	%
Net investment income (loss)
Securities available-for-sale and other		883			878			819			829			759			(14	%)		(8	%)		2,619			2,407			(8	%)
Equity securities held for trading [1]		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total net investment income (loss)		185			277			(2,759	)		1,982			(2,656	)	NM			NM				3,365			(3,433	)	NM
Net realized capital losses — core		(6	)		(2	)		(3	)		(9	)		(8	)		(33	%)		11	%		(30	)		(20	)		33	%
Total core revenues		3,007			2,918			(194	)		4,668			3			(100	%)		(100	%)		11,235			4,477			(60	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(282	)		(331	)		(1,224	)		(228	)		(2,007	)	NM			NM				(456	)		(3,459	)	NM
Total revenues		2,725			2,587			(1,418	)		4,440			(2,004	)	NM			NM				10,779			1,018			(91	%)
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses		1,911			1,709			1,729			1,771			2,095			10	%		18	%		5,293			5,595			6	%
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Amortization of deferred policy acquisition costs and present value of future profits		(10	)		339			317			321			1,408		NM			NM				668			2,046		NM
Insurance operating costs and other expenses		811			851			817			863			838			3	%		(3	%)		2,379			2,518			6	%
Total benefits and expenses		2,014			2,298			(715	)		4,108			926			(54	%)		(77	%)		9,086			4,319			(52	%)
CORE EARNINGS
Core earnings before income taxes		993			620			521			560			(923	)	NM			NM				2,149			158			(93	%)
Income tax expense (benefit)		311			163			128			110			(382	)	NM			NM				614			(144	)	NM
Core earnings		682			457			393			450			(541	)	NM			NM				1,535			302			(80	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings		(157	)		(180	)		(548	)		(116	)		(1,274	)	NM			NM				(254	)		(1,938	)	NM
Net income (loss)	$	525		$	277		$	(155	)	$	334		$	(1,815	)	NM			NM				1,281			(1,636	)	NM

[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 interest credited.

L-2

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
TOTAL ASSETS UNDER MANAGEMENT	2007		2007		2008		2008		2008		Change			Change
Assets
General account	$	114,310	$	116,230	$	118,697	$	118,455	$	114,838		—			(3	%)
Separate account		197,877		199,946		181,273		170,841		154,029		(22	%)		(10	%)
Total assets		312,187		316,176		299,970		289,296		268,867		(14	%)		(7	%)
Mutual fund assets [1]		54,631		55,531		70,320		73,213		64,438		18	%		(12	%)
Total assets under management	$	366,818	$	371,707	$	370,290	$	362,509	$	333,305		(9	%)		(8	%)

[1] During the three months ended March 31, 2008, the Company acquired the rights to service $18.7 billion of mutual fund assets from Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29, and March 28, 2008, respectively.

L-3

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

																Year Over
																Year			Sequential
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month
	2007			2007			2008			2008			2008			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	53,288		$	52,542		$	50,615		$	49,683		$	46,292			(13	%)		(7	%)
Equity securities, trading, at fair value		34,901			36,182			37,406			36,853			33,655			(4	%)		(9	%)
Equity securities, available-for-sale, at fair value		1,307			1,284			1,202			1,194			908			(31	%)		(24	%)
Policy loans, at outstanding balance		2,050			2,061			2,118			2,146			2,159			5	%		1	%
Mortgage loans on real estate		4,551			4,739			4,821			5,135			5,460			20	%		6	%
Limited partnerships and other alternative investments		1,138			1,306			1,329			1,407			1,410			24	%		—
Short term investments		629			1,158			1,807			2,756			3,793		NM				38	%
Other investments		287			534			1,086			894			1,308		NM				46	%
Total investments		98,151			99,806			100,384			100,068			94,985			(3	%)		(5	%)
Cash		1,769			1,770			2,016			1,842			1,683			(5	%)		(9	%)
Premiums receivable and agents’ balances		403			427			395			392			390			(3	%)		(1	%)
Reinsurance recoverables		1,235			1,419			1,599			1,535			2,103			70	%		37	%
Deferred policy acquisition costs and present value of future profits		10,275			10,514			11,586			11,706			11,012			7	%		(6	%)
Deferred income taxes		(724	)		(754	)		(373	)		(135	)		1,324		NM			NM
Goodwill		805			805			867			867			880			9	%		1	%
Property and equipment, net		372			374			393			383			380			2	%		(1	%)
Other assets		2,024			1,869			1,830			1,797			2,081			3	%		16	%
Separate account assets		197,877			199,946			181,273			170,841			154,029			(22	%)		(10	%)
Total assets	$	312,187		$	316,176		$	299,970		$	289,296		$	268,867			(14	%)		(7	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	15,007		$	15,331		$	15,544		$	15,772		$	16,602			11	%		5	%
Other policyholder funds and benefits payable		44,054			44,190			46,460			46,563			47,208			7	%		1	%
Other policyholder funds payable — International variable annuities		34,871			36,152			37,376			36,822			33,629			(4	%)		(9	%)
Unearned premiums		141			147			167			161			163			16	%		1	%
Consumer Notes		723			809			971			1,113			1,225			69	%		10	%
Debt		114			115			91			91			92			(19	%)		1	%
Other liabilities		8,011			8,045			8,286			7,712			7,816			(2	%)		1	%
Separate account liabilities		197,877			199,946			181,273			170,841			154,029			(22	%)		(10	%)
Total liabilities		300,798			304,735			290,168			279,075			260,764			(13	%)		(7	%)
Equity excluding AOCI, net of tax		11,619			11,868			11,059			11,888			10,752			(7	%)		(10	%)
AOCI, net of tax		(230	)		(427	)		(1,257	)		(1,667	)		(2,649	)	NM				(59	%)
Total stockholders’ equity		11,389			11,441			9,802			10,221			8,103			(29	%)		(21	%)
Total liabilities and stockholders’ equity	$	312,187		$	316,176		$	299,970		$	289,296		$	268,867			(14	%)		(7	%)
Hartford Life and Accident Insurance Company NAIC RBC					416.1	%
Hartford Life Insurance Company NAIC RBC					513.2	%
Hartford Life and Annuity Insurance Company NAIC RBC					1309.9	%

L-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)

										Institutional
	Individual			Other			Retirement			Solutions			Individual			Group
	Annuity			Retail			Plans			Group			Life			Benefits			International			Total
	$	5,179		$	136		$	658		$	143		$	2,406		$	69		$	1,923		$	10,514
Adjustments to unrealized gains and losses on securities available - for - sale and other		(92	)		(2	)		(41	)		—			(2	)		—			(22	)		(159	)
securities available - for - sale and other		5,087			134			617			143			2,404			69			1,901			10,355
Capitalization		468			62			111			26			268			48			255			1,238
Amortization - Deferred Policy Acquisition Costs		(454	)		(64	)		(24	)		(16	)		(109	)		(42	)		(191	)		(900	)
Amortization - Present Value of Future Profits		(4	)		—			—			—			(11	)		—			—			(15	)
Amortization - Realized Capital Gains		389			—			7			—			22			—			16			434
Amortization - Unlock - Core		(959	)		(2	)		(75	)		—			(26	)		—			(44	)		(1,106	)
Amortization - Unlock - Non-Core		(36	)		—			(1	)		—			(18	)		—			8			(47	)
Effect of Currency Translation Adjustment		—			—			—			—			—			—			74			74
		4,491			130			635			153			2,530			75			2,019			10,033
Adjustments to unrealized gains and losses on securities available - for - sale and other		604			1			188			—			186			—			—			979
gains and losses on securities available-for-sale and other	$	5,095		$	131		$	823		$	153		$	2,716		$	75		$	2,019		$	11,012

										Institutional
	Individual			Other			Retirement			Solutions		Individual			Group								HFSG			Total
Effect of Unlock [2] - September 30, 2008	Annuity			Retail			Plans			Group		Life			Benefits		International			Total Life			Corporate [1]			Company
Mutual Fund and Other Fees	$	24		$	—		$	—		$	—	$	(26	)	$	—	$	(7	)	$	(9	)	$	—		$	(9	)
Reinsurance Premiums		5			—			—			—		—			—		—			5			—			5
Death Benefits		116			—			1			—		—			—		139			256			—			256
Change in Reserves		—			—			—			—		5			—		—			5			—			5
Sales Inducements		62			—			1			—		—			—		1			64			—			64
Amortization of DAC		959			2			75			—		26			—		44			1,106			—			1,106
Other Expenses		—			—			—			—		—			—		—			—			(13	)		(13	)
Effect of Unlock on Earnings before income taxes		(1,108	)		(2	)		(77	)		—		(57	)		—		(191	)		(1,435	)		13			(1,422	)
Income tax benefit		(387	)		(1	)		(29	)		—		(20	)		—		(66	)		(503	)		4			(499	)
Effect of Unlock on Core Earnings		(721	)		(1	)		(48	)		—		(37	)		—		(125	)		(932	)		9			(923	)
Net realized gains (losses), net of tax, excluded from core earnings		(10	)		—			(1	)		—		(7	)		—		9			(9	)		—			(9	)
Effect of Unlock on Net Income	$	(731	)	$	(1	)	$	(49	)	$	—	$	(44	)	$	—	$	(116	)	$	(941	)	$	9		$	(932	)

[1]	In HFSG Corporate, revisions to estimated gross profits affect the purchase accounting adjustments made in connection with the buyback of Hartford Life, Inc. shares in 2000.
[2]	For purposes of this schedule increases to revenue amounts are positive numbers; increases to expense amounts are positive numbers; and increases to income before taxes, net income and core earnings are positive numbers.

L-5

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

			As of September 30, 2008
BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE	ACCOUNT VALUE		NET AMT AT RISK		% of NAR REINSURED			RETAINED NAR
Maximum anniversary value (MAV) [1]
MAV only	$	32,985	$	9,699		69	%	$	2,967
with 5% rollup [2]		2,363		782		61	%		304
with Earnings Protection Benefit Rider (EPB) [3]		3,417		768		83	%		130
with 5% rollup & EPB		946		247		81	%		46
Total MAV		39,711		11,496		70	%		3,447
Asset Protection Benefit (APB) [4]		33,685		7,339		44	%		4,081
Lifetime Income Benefit (LIB) — Death Benefit [5]		9,813		246		—	%		246
Reset [6] (5-7 years)		4,378		619		—	%		618
Return of Premium [7]/Other		11,531		321		46	%		173
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	99,118	$	20,021		57	%	$	8,565
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		32,706		4,538		18	%		3,716
TOTAL	$	131,824	$	24,559		50	%	$	12,281

	As of		As of		As of		As of		As of
	September 30,		December 31,		March 31,		June 30,		September 30,
	2007		2007		2008		2008		2008
OTHER DATA
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,526.75		1,468.36		1,322.70		1,280.00		1,164.74
Total Account Value	$	130,943	$	126,834	$	115,212	$	112,786	$	99,118
Retained net amount of risk		670		976		3,633		4,067		8,565
GMDB net GAAP liability [9]		191		202		203		208		304
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	34,888	$	35,793	$	36,777	$	35,910	$	32,706
Retained net amount of risk		130		419		2,151		1,706		3,716
GMDB/GMIB net GAAP liability [9]		30		34		39		37		178

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier age 80 or 100% of adjusted premiums.
[3]	EPB: the death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB: the death benefit is the greatest of current account value, net premiums paid, or for certain contracts a benefit amount that rachets over time, generally based on market performance.
[6]	Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).
[7]	Return of premium: the death benefit is the greater of current account value and net premiums paid.
[8]	Death benefits include a Return of Premium and MAV (before age 80) paid in a single lump sum. The income benefit is a guarantee to return initial investment, which is adjusted for earnings liquidity, paid through a fixed annuity after a minimum deferral period of 10, 15 or 20 years. The guaranteed remaining balance related to the Japan GMIB was $29.8 billion and $26.8 billion as of September 30, 2008 and December 31, 2007, respectively.
[9]	Includes the increase (decrease) to GMDB/GMIB liability as a result of the unlock recorded in the three months ended September 30, 2007 for U.S. and Japan variable annuity business of $6 and ($9), respectively. For the three months ended September 30, 2008 there was an increase to GMDB/GMIB liability, as a result of the unlock, for U.S. and Japan variable annuity business of $116 and $139, respectively.

L-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of September 30, 2008

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	2,171
Liability for reinsurance in unauthorized companies		(6	)
Net statutory reinsurance reserve credit	$	2,165
Statutory amounts recoverable from reinsurers	$	210

The top ten reinsurers represent $2,262 or 95% of the total statutory reserve credit and amounts recoverable.

• 3% of this amount is with reinsurers rated “A++” by A.M. Best at October 6, 2008.

• 58% of this amount is with reinsurers rated “A+” by A.M. Best at October 6, 2008.

• 35% of this amount is with reinsurers rated “A-” by A.M. Best at October 6, 2008.

• 4% of this amount is with reinsurers rated “B++” by A.M. Best at October 6, 2008.

L-7

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

	September 30, 2008			December 31, 2007
Statutory Capital and Surplus	$	4,691		$	5,786
GAAP Adjustments
Investment in subsidiaries		1,068			230
Deferred policy acquisition costs		11,012			10,514
Deferred taxes		1,133			(1,155	)
Benefit reserves		(5,718	)		(4,240	)
Unrealized losses on investments, net of impairments		(4,945	)		(513	)
Asset valuation reserve and interest maintenance reserve		132			626
Goodwill		784			662
Other, net		(54	)		(469	)
GAAP Stockholders’ Equity	$	8,103		$	11,441

Certain Reclassifications have been made to prior year financial information to conform to current year presentation.

L-8

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

	THREE MONTHS ENDED
																Year Over
																Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	548		$	554		$	497		$	495		$	454			(17	%)		(8	%)	$	1,597		$	1,446			(9	%)
Mutual fund and other fees [2]		28			37			33			34			59			111	%		74	%		101			126			25	%
Total fee income		576			591			530			529			513			(11	%)		(3	%)		1,698			1,572			(7	%)
Direct premiums		24			22			24			24			29			21	%		21	%		59			77			31	%
Reinsurance premiums [2]		(37	)		(36	)			(30)		(31	)		(18	)		51	%		42	%		(107	)		(79	)		26	%
Net premiums		(13	)		(14	)			(6)		(7	)		11		NM			NM				(48	)		(2	)		96	%
Total premiums and other considerations		563			577			524			522			524			(7	%)		—			1,650			1,570			(5	%)
Net investment income
Net investment income on G/A assets		237			226			209			210			198			(16	%)		(6	%)		693			617			(11	%)
Net investment income on assigned capital		12			12			19			20			22			83	%		10	%		35			61			74	%
Charge for invested capital		(39	)		(35	)			(33)		(32	)		(30	)		23	%		6	%		(115	)		(95	)		17	%
Total net investment income		210			203			195			198			190			(10	%)		(4	%)		613			583			(5	%)
Net realized capital gains — core		1			3			3			1			—			(100	%)		(100	%)		3			4			33	%
Total core revenues		774			783			722			721			714			(8	%)		(1	%)		2,266			2,157			(5	%)
Net realized losses and other, before tax and DAC,   excluded from core revenues		(175	)		(81	)			(759)		(71	)		(483	)		(176	%)	NM				(306	)		(1,313	)	NM
Total revenues		599			702			(37	)		650			231			(61	%)		(64	%)		1,960			844			(57	%)
Benefits and Expenses
Benefits and losses
Death benefits [2]		16			11			13			13			131		NM			NM				38			157		NM
Other contract benefits		18			17			18			18			24			33	%		33	%		48			60			25	%
Change in reserve		18			12			14			13			14			(22	%)		8	%		33			41			24	%
Sales inducements [2]		2			16			13			12			73		NM			NM				31			98		NM
Interest credited on G/A assets		156			155			150			148			159			2	%		7	%		459			457			—
Total benefits and losses		210			211			208			204			401			91	%		97	%		609			813			33	%
Other insurance expenses
Commissions & wholesaling expenses		304			282			253			242			214			(30	%)		(12	%)		916			709			(23	%)
Operating expenses		55			61			52			62			56			2	%		(10	%)		166			170			2	%
Premium taxes and other expenses		1			4			3			2			3		NM				50	%		10			8			(20	%)
Subtotal — expenses before deferral		360			347			308			306			273			(24	%)		(11	%)		1,092			887			(19	%)
Deferred policy acquisition costs		(212	)		(190	)			(167)		(157	)		(144	)		32	%		8	%		(654	)		(468	)		28	%
Total other insurance expense		148			157			141			149			129			(13	%)		(13	%)		438			419			(4	%)
Amortization of deferred policy acquisition costs [2]		(110	)		178			164			157			1,096		NM			NM				260			1,417		NM
Total benefits and expenses		248			546			513			510			1,626		NM			NM				1,307			2,649			103	%
Core earnings (loss) before income taxes		526			237			209			211			(912	)	NM			NM				959			(492	)	NM
Income tax expense (benefit) [1] [2]		161			45			35			22			(360	)	NM			NM				233			(303	)	NM
Core earnings (loss) [2]		365			192			174			189			(552	)	NM			NM				726			(189	)	NM
Net realized losses and other, net of tax and DAC, excluded from core earnings [2] [3]		(88	)		(13	)			(264)		(33	)		(282	)	NM			NM				(158	)		(579	)	NM
Net income (loss) [2]	$	277		$	179			$	(90)	$	156		$	(834	)	NM			NM			$	568		$	(768	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		110.3			58.5			56.3			64.7			(202.0	)	NM			NM				75.2			(21.7	)	NM
Net income (loss)		83.7			54.5			(29.1	)		53.4			(305.1	)	NM			NM				58.8			(88.2	)	NM

[1]	The three months ended September 30, 2007 includes a $12 tax charge related to DRD and the three months ended June 30, 2008 includes a tax benefit of $16 related to DRD and FTC.
[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 DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $721 and $731, respectively. The effect on each income statement line item is as follows:

	September 30, 2007			September 30, 2008
Mutual Fund and Other Fees	$	(8	)	$	24
Reinsurance Premiums		—			5
Death Benefits		6			116
Sales Inducements		(14	)		62
Amortization of deferred policy acquisition costs		(305	)		959
Income tax expense (benefit)		107			(387	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(17	)		(10	)

[3] Included in the three months ended September 30 and December 31, 2007 are guaranteed minimum withdrawal benefit (“GMWB”) net realized gains (losses), net of tax and DAC, excluded from core earnings of $(68) and $(13), respectively. Included in the three months ended March 31, June 30 and September 30, 2008 are the amounts of $(251), $(7) and $(45), respectively.

L-9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	4		$	4		$	4		$	4		$	3			(25	%)		(25	%)	$	11		$	11			—
Mutual fund and other fees		208			223			213			224			208			—			(7	%)		590			645			9	%
Total fee income		212			227			217			228			211			—			(7	%)		601			656			9	%
Net Investment Loss
Net investment loss on G/A assets		(3	)		—			(1	)		(3	)		(3	)		—			—			(3	)		(7	)		(133	%)
Net investment loss on assigned capital		(2	)		(4	)		(3	)		(3	)		(3	)		(50	%)		—			(8	)		(9	)		(13	%)
Total net investment loss		(5	)		(4	)		(4	)		(6	)		(6	)		(20	%)		—			(11	)		(16	)		(45	%)
Total core revenues		207			223			213			222			205			(1	%)		(8	%)		590			640			8	%
Net realized losses, before tax and DAC, excluded from core revenues		—			—			—			—			(1	)		—			—			—			(1	)		—
Total revenues		207			223			213			222			204			(1	%)		(8	%)		590			639			8	%
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		143			156			149			158			143			—			(9	%)		422			450			7	%
Operating expenses		34			41			40			40			34			—			(15	%)		96			114			19	%
Premium taxes and other expenses		2			3			4			3			5			150	%		67	%		9			12			33	%
Subtotal — expenses before deferral		179			200			193			201			182			2	%		(9	%)		527			576			9	%
Deferred policy acquisition costs		(22	)		(25	)		(22	)		(23	)		(17	)		23	%		26	%		(76	)		(62	)		18	%
Total other insurance expense		157			175			171			178			165			5	%		(7	%)		451			514			14	%
Amortization of deferred policy acquisition costs [1]		23			23			22			22			22			(4	%)		—			65			66			2	%
Total benefits and expenses		180			198			193			200			187			4	%		(7	%)		516			580			12	%
Core earnings before income taxes		27			25			20			22			18			(33	%)		(18	%)		74			60			(19	%)
Income tax expense [1]		10			8			7			8			5			(50	%)		(38	%)		26			20			(23	%)
Core earnings [1]		17			17			13			14			13			(24	%)		(7	%)		48			40			(17	%)
Net realized losses, net of tax and DAC, excluded from core earnings		—			—			—			—			(1	)		—			—			—			(1	)		—
Net income [1]	$	17		$	17		$	13		$	14		$	12			(29	%)		(14	%)	$	48		$	39			(19	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		13.8			13.4			10.6			11.5			11.1			(20	%)		(3	%)		14.1			11.3			(20	%)
Net income		13.8			13.4			10.6			11.5			10.3			(25	%)		(10	%)		14.1			11.0			(22	%)

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased amortization of deferred policy acquisition costs by $1, after-tax. The DAC unlock recorded in the three months ended September 30, 2008 increased amortization of deferred policy acquisition costs by $1, after-tax.

L-10

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2007		2007		2008		2008		2008		Change			Change			2007		2008		Change
Individual Annuity
Broker-dealer	$	2,488	$	2,106	$	1,677	$	1,574	$	1,502		(40	%)		(5	%)	$	6,669	$	4,753		(29	%)
Banks		1,307		1,148		938		982		832		(36	%)		(15	%)		4,401		2,752		(37	%)
Total deposits by distribution		3,795		3,254		2,615		2,556		2,334		(38	%)		(9	%)		11,070		7,505		(32	%)
Variable		3,278		3,126		2,546		2,233		1,948		(41	%)		(13	%)		10,071		6,727		(33	%)
Fixed MVA/other		517		128		69		323		386		(25	%)		20	%		999		778		(22	%)
Total deposits by product		3,795		3,254		2,615		2,556		2,334		(38	%)		(9	%)		11,070		7,505		(32	%)
Retail Mutual Funds		3,369		3,549		3,966		3,967		3,614		7	%		(9	%)		10,807		11,547		7	%
529 College Savings Plan/Specialty Products/Other		152		180		183		153		141		(7	%)		(8	%)		541		477		(12	%)
Total Retail Products Group	$	7,316	$	6,983	$	6,764	$	6,676	$	6,089		(17	%)		(9	%)	$	22,418	$	19,529		(13	%)

L-11

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2007		2007		2008		2008		2008		Change			Change
INDIVIDUAL ANNUITY
General account	$	15,191	$	15,100	$	15,126	$	15,275	$	15,650		3	%		2	%
Non-guaranteed separate account		118,123		114,214		102,924		100,436		87,287		(26	%)		(13	%)
Total Individual Annuity	$	133,314	$	129,314	$	118,050	$	115,711	$	102,937		(23	%)		(11	%)
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	5,075	$	4,995	$	5,126	$	5,039	$	5,081		—			1	%
Non-guaranteed separate account		117,976		114,076		102,794		100,306		87,169		(26	%)		(13	%)
Total individual variable annuities		123,051		119,071		107,920		105,345		92,250		(25	%)		(12	%)
Fixed MVA & other individual annuities		10,263		10,243		10,130		10,366		10,687		4	%		3	%
Total Individual Annuity		133,314		129,314		118,050		115,711		102,937		(23	%)		(11	%)
Specialty Products/Other — Segregated Assets		671		677		604		578		500		(25	%)		(13	%)
Mutual Fund Assets
Retail mutual fund assets		47,785		48,383		44,617		47,239		40,903		(14	%)		(13	%)
Specialty Product/Other mutual fund assets		892		937		1,022		1,126		1,071		20	%		(5	%)
529 College Savings Plan assets		1,147		1,176		1,121		1,150		1,013		(12	%)		(12	%)
Total Mutual Fund Assets		49,824		50,496		46,760		49,515		42,987		(14	%)		(13	%)
Total Retail Products Group Assets Under Management	$	183,809	$	180,487	$	165,414	$	165,804	$	146,424		(20	%)		(12	%)

L-12

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

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2007			2007			2008			2008			2008
VARIABLE ANNUITIES
Beginning balance	$	121,529		$	123,051		$	119,071		$	107,920		$	105,345
Deposits		3,278			3,126			2,546			2,233			1,948
Surrenders		(3,471	)		(3,810	)		(3,338	)		(3,331	)		(3,058	)
Death benefits/annuity payouts		(419	)		(418	)		(445	)		(460	)		(404	)
Transfers [2]		(21	)		4			(2	)		(20	)		(26	)
Net Flows		(633	)		(1,098	)		(1,239	)		(1,578	)		(1,540	)
Change in market value/change in reserve/interest credited		2,155			(2,882	)		(9,911	)		(1,016	)		(11,544	)
Other [3]		—			—			(1	)		19			(11	)
Ending balance	$	123,051		$	119,071		$	107,920		$	105,345		$	92,250
FIXED MVA AND OTHER
Beginning balance	$	9,891		$	10,263		$	10,243		$	10,130		$	10,366
Deposits		517			128			69			323			386
Surrenders		(227	)		(201	)		(219	)		(175	)		(131	)
Death benefits/annuity payouts		(96	)		(106	)		(118	)		(102	)		(101	)
Transfers [2]		53			42			49			71			57
Net Flows		247			(137	)		(219	)		117			211
Change in market value/change in reserve/interest credited		125			117			106			119			110
Ending balance	$	10,263		$	10,243		$	10,130		$	10,366		$	10,687
TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	131,420		$	133,314		$	129,314		$	118,050		$	115,711
Deposits		3,795			3,254			2,615			2,556			2,334
Surrenders		(3,698	)		(4,011	)		(3,557	)		(3,506	)		(3,189	)
Death benefits/annuity payouts		(515	)		(524	)		(563	)		(562	)		(505	)
Transfers [2]		32			46			47			51			31
Net Flows		(386	)		(1,235	)		(1,458	)		(1,461	)		(1,329	)
Change in market value/change in reserve/interest credited		2,280			(2,765	)		(9,805	)		(897	)		(11,434	)
Other [3]		—			—			(1	)		19			(11	)
Ending balance	$	133,314		$	129,314		$	118,050		$	115,711		$	102,937

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

[2] Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.

[3] Includes a bonus on certain products, front end loads on A share products and annual maintenance fees. The three months ended June 30, 2008 also includes the crediting of policyholder account balances associated with the settlement of the New York Attorney General’s investigation related to market timing.

L-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — OTHER RETAIL — ASSET ROLLFORWARD

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2007			2007			2008			2008			2008
RETAIL MUTUAL FUNDS
Beginning balance	$	45,644		$	47,785		$	48,383		$	44,617		$	47,239
Deposits		3,369			3,549			3,966			3,967			3,614
Redemptions		(2,718	)		(2,289	)		(2,845	)		(2,066	)		(2,798	)
Net Sales		651			1,260			1,121			1,901			816
Change in market value		1,517			(626	)		(4,854	)		761			(7,117	)
Other [1]		(27	)		(36	)		(33	)		(40	)		(35	)
Ending balance	$	47,785		$	48,383		$	44,617		$	47,239		$	40,903

[1] Includes front end loads on A share products

L-14

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable life fees	$	19		$	20		$	18		$	19		$	16			(16	%)		(16	%)	$	55		$	53			(4	%)
Cost of insurance charges		134			137			140			143			145			8	%		1	%		396			428			8	%
Other fees [1]		53			75			63			75			59			11	%		(21	%)		187			197			5	%
Total fee income		206			232			221			237			220			7	%		(7	%)		638			678			6	%
Direct premiums		28			30			28			30			31			11	%		3	%		81			89			10	%
Reinsurance premiums		(42	)		(50	)		(46	)		(49	)		(46	)		(10	%)		6	%		(123	)		(141	)		(15	%)
Net premiums		(14	)		(20	)		(18	)		(19	)		(15	)		(7	%)		21	%		(42	)		(52	)		(24	%)
Total premiums and other considerations		192			212			203			218			205			7	%		(6	%)		596			626			5	%
Net investment income
Net investment income on G/A assets		92			94			92			95			87			(5	%)		(8	%)		272			274			1	%
Net investment income on assigned capital		3			3			4			4			5			67	%		25	%		9			13			44	%
Charge for invested capital		(4	)		(5	)		(8	)		(7	)		(8	)		(100	%)		(14	%)		(14	)		(23	)		(64	%)
Total net investment income		91			92			88			92			84			(8	%)		(9	%)		267			264			(1	%)
Net realized capital losses — core		—			—			—			—			(1	)		—			—			(1	)		(1	)		—
Total core revenues		283			304			291			310			288			2	%		(7	%)		862			889			3	%
Net realized losses and other, before tax and DAC, excluded from core revenues		(16	)		(18	)		(35	)		(25	)		(169	)	NM			NM				(9	)		(229	)	NM
Total revenues		267			286			256			285			119			(55	%)		(58	%)		853			660			(23	%)
Benefits and Expenses
Benefits and losses
Death benefits		78			76			91			88			86			10	%		(2	%)		222			265			19	%
Other contract benefits		6			6			5			5			5			(17	%)		—			18			15			(17	%)
Change in reserve [2]		(4	)		1			(4	)		(3	)		4		NM			NM				(12	)		(3	)		75	%
Interest credited on G/A assets		63			64			62			63			64			2	%		2	%		187			189			1	%
Total benefits and losses		143			147			154			153			159			11	%		4	%		415			466			12	%
Other insurance expenses
Commissions & wholesaling expenses		58			69			59			57			60			3	%		5	%		176			176			—
Operating expenses		65			71			64			70			66			2	%		(6	%)		192			200			4	%
Dividends to policyholders		1			1			1			1			—			(100	%)		(100	%)		2			2			—
Premium taxes and other expenses		8			16			11			12			14			75	%		17	%		33			37			12	%
Subtotal — expenses before deferral		132			157			135			140			140			6	%		—			403			415			3	%
Deferred policy acquisition costs		(88	)		(105	)		(88	)		(89	)		(91	)		(3	%)		(2	%)		(262	)		(268	)		(2	%)
Total other insurance expense		44			52			47			51			49			11	%		(4	%)		141			147			4	%
Amortization of deferred policy acquisition costs and present value of future profits [1]		1			48			32			44			74		NM				68	%		79			150			90	%
Total benefits and expenses		188			247			233			248			282			50	%		14	%		635			763			20	%
Core earnings before income taxes		95			57			58			62			6			(94	%)		(90	%)		227			126			(44	%)
Income tax expense (benefit) [1]		31			17			17			19			(2	)	NM			NM				71			34			(52	%)
Core earnings [1] [2]		64			40			41			43			8			(88	%)		(81	%)		156			92			(41	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings		(9	)		(9	)		(21	)		(13	)		(110	)	NM			NM				(5	)		(144	)	NM
Net income (loss) [1] [2]	$	55		$	31		$	20		$	30		$	(102	)	NM			NM			$	151		$	(52	)	NM
Earnings Margin (After-tax)
Core earnings		22.6	%		13.2	%		14.1	%		13.9	%		2.8	%		(19.8	)		(11.1	)		18.1	%		10.4	%		(7.7	)
Net income		20.6	%		10.8	%		7.8	%		10.5	%		-85.7	%		(106.3	)		(96.2	)		17.7	%		-7.9	%		(25.6	)

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased both core earnings and net income by $16. The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $37 and $44, respectively. The effect on each income statement line item is as follows:

	September 30, 2007			September 30, 2008
Other Fees	$	(13	)	$	(26	)
Change in Reserves		—			5
Amortization of deferred policy acquisition costs		(37	)		26
Income tax expense (benefit)		8			(20	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—			(7	)

[2] The three months ended December 31, 2007 includes an additional SOP 03-1 reserve of $5, after the effects of DAC amortization and taxes, related to the implementation of the Company’s AG38 capital solution.

L-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
SUPPLEMENTAL DATA

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2007		2007		2008		2008		2008		Change			Change			2007		2008		Change
SALES BY DISTRIBUTION
Wirehouse	$	26	$	30	$	24	$	25	$	24		(8	%)		(4	%)	$	73	$	73		—
Banks		11		13		9		9		9		(18	%)		—			31		27		(13	%)
Independent		29		41		29		32		31		7	%		(3	%)		83		92		11	%
Other		3		5		3		4		5		67	%		25	%		10		12		20	%
Total sales by distribution	$	69	$	89	$	65	$	70	$	69		—			(1	%)	$	197	$	204		4	%
SALES BY PRODUCT
Variable Life		33		38		28		23		22		(33	%)		(4	%)	$	92	$	73		(21	%)
Universal life/whole life		31		46		32		40		41		32	%		3	%		90		113		26	%
Term life/other		5		5		5		7		6		20	%		(14	%)		15		18		20	%
Total sales by product	$	69	$	89	$	65	$	70	$	69		—			(1	%)	$	197	$	204		4	%
ACCOUNT VALUE
General account	$	5,486	$	5,591	$	5,688	$	5,768	$	5,863		7	%		2	%
Separate account		6,884		6,758		6,091		6,090		5,308		(23	%)		(13	%)
Total account value	$	12,370	$	12,349	$	11,779	$	11,858	$	11,171		(10	%)		(6	%)
ACCOUNT VALUE BY PRODUCT
Variable life	$	7,402	$	7,284	$	6,620	$	6,625	$	5,848		(21	%)		(12	%)
Universal life/interest sensitive whole life		4,285		4,388		4,485		4,569		4,663		9	%		2	%
Modified guaranteed life		564		555		551		542		537		(5	%)		(1	%)
Other		119		122		123		122		123		3	%		1	%
Total account value by product	$	12,370	$	12,349	$	11,779	$	11,858	$	11,171		(10	%)		(6	%)
LIFE INSURANCE IN-FORCE
Variable life	$	76,498	$	77,566	$	78,145	$	78,557	$	78,809		3	%		—
Universal life/interest sensitive whole life		47,581		48,636		49,415		50,298		51,355		8	%		2	%
Term life		50,641		52,298		54,369		57,371		60,261		19	%		5	%
Modified guaranteed life		687		671		662		648		637		(7	%)		(2	%)
Other		316		312		307		299		299		(5	%)		—
Total life insurance in-force	$	175,723	$	179,483	$	182,898	$	187,173	$	191,361		9	%		2	%

L - 16

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

		THREE MONTHS ENDED
		Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
		2007			2007			2008			2008			2008
VARIABLE LIFE	Beginning balance	$	7,206		$	7,402		$	7,284		$	6,620		$	6,625
First year & single premiums			92			93			74			74			63
Renewal premiums			134			155			142			140			139
Premiums and deposits			226			248			216			214			202
Surrenders			(77	)		(91	)		(90	)		(99	)		(76	)
Death benefits			(18	)		(13	)		(16	)		(20	)		(20	)
Net Flows			131			144			110			95			106
Policy fees			(127	)		(130	)		(131	)		(123	)		(128	)
Change in market value/interest credited			192			(132	)		(643	)		33			(755	)
	Ending balance	$	7,402		$	7,284		$	6,620		$	6,625			5,848
OTHER [1]	Beginning balance	$	4,899		$	4,968		$	5,065		$	5,159			5,233
First year & single premiums			97			111			117			108			125
Renewal premiums			115			126			121			120			123
Premiums and deposits			212			237			238			228			248
Surrenders			(54	)		(43	)		(46	)		(54	)		(53	)
Death benefits			(20	)		(25	)		(21	)		(24	)		(22	)
Net Flows			138			169			171			150			173
Policy fees			(125	)		(129	)		(132	)		(133	)		(139	)
Change in market value/interest credited			56			57			55			57			56
	Ending balance	$	4,968		$	5,065		$	5,159		$	5,233			5,323
TOTAL INDIVIDUAL LIFE	Beginning balance	$	12,105		$	12,370		$	12,349		$	11,779			11,858
First year & single premiums			189			204			191			182			188
Renewal premiums			249			281			263			260			262
Premiums and deposits			438			485			454			442			450
Surrenders			(131	)		(134	)		(136	)		(153	)		(129	)
Death benefits			(38	)		(38	)		(37	)		(44	)		(42	)
Net Flows			269			313			281			245			279
Policy fees			(252	)		(259	)		(263	)		(256	)		(267	)
Change in market value/interest credited			248			(75	)		(588	)		90			(699	)
	Ending balance	$	12,370		$	12,349		$	11,779		$	11,858			11,171

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

L - 17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS [1]
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	58		$	59		$	56		$	57		$	55			(5	%)		(4	%)	$	164		$	168			2	%
Mutual fund and other fees		4			4			12			40			39		NM				(3	%)		11			91		NM
Total fee income		62			63			68			97			94			52	%		(3	%)		175			259			48	%
Direct premiums		—			1			1			1			1			—			—			3			3			—
Total premiums and other considerations		62			64			69			98			95			53	%		(3	%)		178			262			47	%
Net investment income
Net investment income on G/A assets		85			85			85			88			83			(2	%)		(6	%)		258			256			(1	%)
Net investment income on assigned capital		4			3			4			4			4			—			—			10			12			20	%
Charge for invested capital		—			—			—			(1	)		—			—			100	%		(1	)		(1	)		—
Total net investment income		89			88			89			91			87			(2	%)		(4	%)		267			267			—
Net realized losses — core		—			—			(1	)		(1	)		—			—			100	%		—			(2	)		—
Total core revenues		151			152			157			188			182			21	%		(3	%)		445			527			18	%
Net realized losses, before tax and DAC, excluded from core revenues		(21	)		(22	)		(35	)		(18	)		(181	)	NM			NM				(19	)		(234	)	NM
Total revenues		130			130			122			170			1			(99	%)		(99	%)		426			293			(31	%)
Benefits and Expenses
Benefits and losses
Death benefits [2]		—			—			—			—			1			—			—			(1	)		1		NM
Other contract benefits		12			12			11			12			11			(8	%)		(8	%)		36			34			(6	%)
Change in reserve		(6	)		(6	)		(5	)		(5	)		(6	)		—			(20	%)		(17	)		(16	)		6	%
Sales inducements [2]		—			1			—			—			2			—			—			—			2			—
Interest credited on G/A assets		56			56			59			59			62			11	%		5	%		168			180			7	%
Total benefits and losses		62			63			65			66			70			13	%		6	%		186			201			8	%
Other insurance expenses
Commissions & wholesaling expenses		24			24			30			36			34			42	%		(6	%)		71			100			41	%
Operating expenses		50			61			68			88			89			78	%		1	%		153			245			60	%
Premium taxes and other expenses		—			(1	)		1			6			7			—			17	%		1			14		NM
Subtotal — expenses before deferral		74			84			99			130			130			76	%		—			225			359			60	%
Deferred policy acquisition costs		(34	)		(39	)		(38	)		(38	)		(35	)		(3	%)		8	%		(100	)		(111	)		(11	%)
Total other insurance expense		40			45			61			92			95			138	%		3	%		125			248			98	%
Amortization of deferred policy acquisition costs [2]		25			12			9			7			83		NM			NM				43			99			130	%
Total benefits and expenses		127			120			135			165			248			95	%		50	%		354			548			55	%
Core earnings (loss) before income taxes		24			32			22			23			(66	)	NM			NM				91			(21	)	NM
Income tax expense (benefit) [2]		6			10			5			(10	)		(30	)	NM			NM				24			(35	)	NM
Core earnings (loss) [2]		18			22			17			33			(36	)	NM			NM				67			14			(79	%)
Net realized losses, net of tax and DAC, excluded from core earnings		(14	)		(15	)		(22	)		(2	)		(124	)	NM			NM				(13	)		(148	)	NM
Net income (loss) [2]	$	4		$	7		$	(5	)	$	31		$	(160	)	NM			NM			$	54		$	(134	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		25.6			30.8			18.1			28.3			(31.9	)	NM			NM				33.5			5.2			(84	%)
Net income		5.7			9.8			(5.3	)		26.6			(141.9	)	NM			NM				27.0			(49.7	)	NM

[1]	Reflects the acquisition of Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29 and March 28, 2008, respectively.
[2]	The DAC unlock recorded in the three months ended September 30, 2007 decreased both core earnings and net income by $9. The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $48 and $49, respectively. The effect of each income statement line items is as follows:

	September 30, 2007			September 30, 2008
Death Benefits	$	—		$	1
Sales Inducements	$	—		$	1
Amortization of deferred policy acquisition costs		14			75
Income tax expense (benefit)		(5	)		(29	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—			(1	)

[3] The three months ended June 30, 2008 includes a tax benefit related to DRD of $15.

L - 18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — DEPOSITS

											Year Over
	THREE MONTHS ENDED										Sequential			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2007		2007		2008		2008		2008		Change			Change			2007		2008		Change
401(k)
Annuity — plan/participant rollovers	$	467	$	460	$	739	$	506	$	487		4	%		(4	%)	$	1,674	$	1,732		3	%
Annuity — ongoing contributions		504		511		643		569		579		15	%		2	%		1,554		1,791		15	%
Total 401(k) Annuity		971		971		1,382		1,075		1,066		10	%		(1	%)		3,228		3,523		9	%
Mutual funds [1]		94		108		441		836		862	NM				3	%		310		2,139	NM
Total 401(k)		1,065		1,079		1,823		1,911		1,928		81	%		1	%		3,538		5,662		60	%
403(b)/457
Annuity — plan/participant rollovers		79		102		143		57		80		1	%		40	%		240		280		17	%
Annuity — ongoing contributions		247		235		257		339		313		27	%		(8	%)		705		909		29	%
Total 403(b)/457 Annuity		326		337		400		396		393		21	%		(1	%)		945		1,189		26	%
Mutual funds		6		7		26		43		13		117	%		(70	%)		12		82	NM
Total 403(b)/457		332		344		426		439		406		22	%		(8	%)		957		1,271		33	%
Total Retirement
401(k) Annuity		971		971		1,382		1,075		1,066		10	%		(1	%)		3,228		3,523		9	%
403(b)/457 Annuity		326		337		400		396		393		21	%		(1	%)		945		1,189		26	%
Total Retirement Plans Annuity deposits		1,297		1,308		1,782		1,471		1,459		12	%		(1	%)		4,173		4,712		13	%
Mutual funds [1]		100		115		467		879		875	NM				—			322		2,221	NM
Total Retirement Plans Deposits		1,397		1,423		2,249		2,350		2,334		67	%		(1	%)		4,495		6,933		54	%

[1] Reflects the acquisition of Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29 and March 28, 2008, respectively.

L - 19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT AND ADMINISTRATION

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2007		2007		2008		2008		2008		Change			Change
401(k)
General account	$	1,314	$	1,298	$	1,354	$	1,365	$	1,446		10	%		6	%
Non-guaranteed separate account		13,371		13,433		13,059		13,467		12,290		(8	%)		(9	%)
Total 401(k) — Annuity account value	$	14,685	$	14,731	$	14,413	$	14,832	$	13,736		(6	%)		(7	%)
Mutual fund assets [1]		1,389		1,428		20,005		19,748		18,022	NM				(9	%)
Total 401(k) Assets Under Management	$	16,074	$	16,159	$	34,418	$	34,580	$	31,758		98	%		(8	%)
403(b)/457
General account	$	4,610	$	4,627	$	4,850	$	5,022	$	5,238		14	%		4	%
Non-guaranteed separate account		7,876		7,736		7,076		7,175		6,194		(21	%)		(14	%)
Total 403(b)/457 - Annuity account value	$	12,486	$	12,363	$	11,926	$	12,197	$	11,432		(8	%)		(6	%)
Mutual fund assets		20		26		66		106		104	NM				(2	%)
Total 403(b)/457 Assets Under Management	$	12,506	$	12,389	$	11,992	$	12,303	$	11,536		(8	%)		(6	%)
TOTAL RETIREMENT
General account	$	5,924	$	5,925	$	6,204	$	6,387	$	6,684		13	%		5	%
Non-guaranteed separate account		21,247		21,169		20,135		20,642		18,484		(13	%)		(10	%)
Total Retirement Plans account value	$	27,171	$	27,094	$	26,339	$	27,029	$	25,168		(7	%)		(7	%)
Mutual fund assets [1]		1,409		1,454		20,071		19,854		18,126	NM				(9	%)
Total Retirement Plans Assets Under Management	$	28,580	$	28,548	$	46,410	$	46,883	$	43,294		51	%		(8	%)
RECORDKEEPING ONLY BUSINESS
Assets Under Administration [2]	$	—	$	—	$	5,666	$	6,282	$	5,853		—			(7	%)
Number of Participants [3]		—		—		142,537		155,618		155,373		—			—

[1]	Prior to March 31, 2008, 401(k) mutual fund assets were predominantly comprised of The Hartford’s 401(k) plan. During the three months ended March 31, 2008, the Company acquired the rights to service $18.7 billion of mutual fund assets from Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29, and March 28, 2008, respectively.
[2]	Assets under administration are not included when calculating return on assets measures for the Retirement Plans segment and are not included in Retirement Plans Assets Under Management.
[3]	Earnings for assets under administration are predominantly driven by participant count. The participant count represents the actual number of participants.

L-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1] [2]

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2007			2007			2008			2008			2008
401(k) GROUP ANNUITY
ACCOUNT VALUE [1]
Beginning balance	$	14,058		$	14,685		$	14,731		$	14,413		$	14,832
Deposits		971			971			1,382			1,075			1,066
Surrenders		(599	)		(673	)		(617	)		(591	)		(610	)
Death benefits/annuity payouts		(10	)		(8	)		(9	)		(11	)		(10	)
Net Flows		362			290			756			473			446
Change in market value/change in reserve/interest credited		265			(244	)		(1,074	)		(54	)		(1,542	)
Ending balance	$	14,685		$	14,731		$	14,413		$	14,832		$	13,736
403(b)/457 GROUP ANNUITY
ACCOUNT VALUE [1]
Beginning balance	$	12,197		$	12,486		$	12,363		$	11,926		$	12,197
Deposits		326			337			400			396			393
Surrenders		(306	)		(393	)		(244	)		(245	)		(240	)
Death benefits/annuity payouts		(12	)		(12	)		(12	)		(13	)		(12	)
Net Flows		8			(68	)		144			138			141
Change in market value/change in reserve/interest credited		281			(55	)		(581	)		133			(906	)
Ending balance	$	12,486		$	12,363		$	11,926		$	12,197		$	11,432
MUTUAL FUND ASSETS [2] [3]
Beginning balance	$	1,329		$	1,409		$	1,454		$	20,071		$	19,854
Deposits		100			115			467			879			875
Surrenders		(82	)		(83	)		(345	)		(1,109	)		(836	)
Net Flows		18			32			122			(230	)		39
Acquisitions [4]		—			—			18,725			—			—
Change in market value/change in reserve/interest credited		62			13			(230	)		13			(1,767	)
Ending balance	$	1,409		$	1,454		$	20,071		$	19,854		$	18,126
TOTAL RETIREMENT
Beginning balance	$	27,584		$	28,580		$	28,548		$	46,410		$	46,883
Deposits		1,397			1,423			2,249			2,350			2,334
Surrenders		(987	)		(1,149	)		(1,206	)		(1,945	)		(1,686	)
Death benefits/annuity payouts		(22	)		(20	)		(21	)		(24	)		(22	)
Net Flows		388			254			1,022			381			626
Acquisitions [4]		—			—			18,725			—			—
Change in market value/change in reserve/interest credited		608			(286	)		(1,885	)		92			(4,215	)
Ending balance	$	28,580		$	28,548		$	46,410		$	46,883		$	43,294

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Excludes Assets Under Administration.
[3]	Mutual Fund assets are an internal measure of assets under management used by the Company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.
[4]	Reflects the acquisition of Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29 and March 28, 2008, respectively.

L-21

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
ASO fees	$	8		$	9		$	9		$	9		$	9			13	%		—		$	25		$	27			8	%
Other fees		—			1			(1	)		1			—			—			(100	%)		—			—			—
Total fee income		8			10			8			10			9			13	%		(10	%)		25			27			8	%
Direct premiums		996			1,015			1,031			1,060			1,061			7	%		—			3,053			3,152			3	%
Reinsurance premiums		57			39			35			30			39			(32	%)		30	%		159			104			(35	%)
Net premiums		1,053			1,054			1,066			1,090			1,100			4	%		1	%		3,212			3,256			1	%
Total premiums and other considerations		1,061			1,064			1,074			1,100			1,109			5	%		1	%		3,237			3,283			1	%
Net investment income
Net investment income on G/A assets		96			96			88			95			92			(4	%)		(3	%)		293			275			(6	%)
Net investment income on assigned capital		19			19			18			18			19			—			6	%		57			55			(4	%)
Total net investment income		115			115			106			113			111			(3	%)		(2	%)		350			330			(6	%)
Net realized capital gains (losses) — core		3			4			—			—			(1	)	NM				—			3			(1	)	NM
Total core revenues		1,179			1,183			1,180			1,213			1,219			3	%		—			3,590			3,612			1	%
Net realized losses, before tax and DAC, excluded from core revenues		(13	)		(20	)		(36	)		(37	)		(440	)	NM			NM				(17	)		(513	)	NM
Total revenues		1,166			1,163			1,144			1,176			779			(33	%)		(34	%)		3,573			3,099			(13	%)
Benefits and Expenses
Benefits and losses
Death benefits		265			261			290			316			321			21	%		2	%		798			927			16	%
Other contract benefits [1]		475			497			475			469			463			(3	%)		(1	%)		1,433			1,407			(2	%)
Change in reserve [1]		25			(13	)		23			26			(4	)	NM			NM				133			45			(66	%)
Total benefits and losses		765			745			788			811			780			2	%		(4	%)		2,364			2,379			1	%
Other insurance expenses
Commissions & wholesaling expenses		135			144			148			128			144			7	%		13	%		438			420			(4	%)
Operating expenses		137			150			135			145			134			(2	%)		(8	%)		399			414			4	%
Premium taxes and other expenses		22			22			19			12			21			(5	%)		75	%		51			52			2	%
Subtotal — expenses before deferral		294			316			302			285			299			2	%		5	%		888			886			—
Deferred policy acquisition costs		(21	)		(21	)		(17	)		(15	)		(16	)		24	%		(7	%)		(52	)		(48	)		8	%
Total other insurance expense		273			295			285			270			283			4	%		5	%		836			838			—
Amortization of deferred policy acquisition costs		13			14			13			14			15			15	%		7	%		48			42			(13	%)
Total benefits and expenses		1,051			1,054			1,086			1,095			1,078			3	%		(2	%)		3,248			3,259			—
Core earnings before income taxes		128			129			94			118			141			10	%		19	%		342			353			3	%
Income tax expense		36			37			24			33			41			14	%		24	%		96			98			2	%
Core earnings		92			92			70			85			100			9	%		18	%		246			255			4	%
Net realized losses, net of tax and DAC, excluded from core earnings		(9	)		(12	)		(24	)		(23	)		(286	)	NM			NM				(11	)		(333	)	NM
Net income	$	83		$	80		$	46		$	62		$	(186	)	NM			NM			$	235		$	(78	)	NM
After-Tax Profit as % of Revenues
Core earnings		7.8	%		7.8	%		5.9	%		7.0	%		8.2	%		0.4			1.2			6.9	%		7.1	%		0.2
Net income		7.1	%		6.9	%		4.0	%		5.3	%		(23.9	%)		(31.0	)		(29.2	)		6.6	%		(2.5	%)		(9.1	)

[1] During the three months ended December 31, 2007, a reserve commutation of approximately $30 reduced change in reserve and correspondingly increased other contract benefits upon settlement.

L-22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS
SUPPLEMENTAL DATA

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	459		$	466		$	480		$	497		$	490			7	%		(1	%)	$	1,392		$	1,467			5	%
Group life		482			488			508			526			534			11	%		2	%		1,438			1,568			9	%
Other		112			99			78			67			75			(33	%)		12	%		356			220			(38	%)
Total fully insured — ongoing premiums		1,053			1,053			1,066			1,090			1,099			4	%		1	%		3,186			3,255			2	%
Total buyouts [1]		—			1			—			—			1			—			—			26			1			(96	%)
Total premiums		1,053			1,054			1,066			1,090			1,100			4	%		1	%		3,212			3,256			1	%
Group disability — premium equivalents [2]		85			78			85			85			85			—			—			254			255			—
Total premiums and premium equivalent	$	1,138		$	1,132		$	1,151		$	1,175		$	1,185			4	%		1	%	$	3,466		$	3,511			1	%
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	54		$	54		$	190		$	54		$	66			22	%		22	%	$	271		$	310			14	%
Group life		67			75			186			76			87			30	%		14	%		289			349			21	%
Other		4			11			5			5			5			25	%		—			70			15			(79	%)
Total fully insured — ongoing sales		125			140			381			135			158			26	%		17	%		630			674			7	%
Total buyouts [1]		—			—			—			—			1			—			—			26			1			(96	%)
Total sales		125			140			381			135			159			27	%		18	%		656			675			3	%
Group disability premium equivalents [2]		22			17			95			6			7			(68	%)		17	%		89			108			21	%
Total sales and premium equivalents	$	147		$	157		$	476		$	141		$	166			13	%		18	%	$	745		$	783			5	%
RATIOS [3]
Loss Ratio		72.1	%		70.0	%		73.4	%		73.7	%		70.3	%		(1.8	)		(3.4	)		72.8	%		72.5	%		(0.3	)
Expense Ratio		27.0	%		29.1	%		27.7	%		25.8	%		26.9	%		(0.1	)		1.1			27.5	%		26.8	%		(0.7	)
GAAP RESERVES [4]
Group disability	$	4,667		$	4,616		$	4,657		$	4,699		$	4,717			1	%		—
Group life		1,281			1,315			1,320			1,331			1,319			3	%		(1	%)
Other		168			176			146			112			98			(42	%)		(13	%)
Total GAAP reserves	$	6,116		$	6,107		$	6,123		$	6,142		$	6,134			—			—

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	Reserve balances for the three months ended September 30, December 31, 2007, March 31, June 30 and September 30, 2008 are net of reinsurance recoverables of $221, $261, $252, $241 and $243, respectively.

L-23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,		Sept. 30,			3 Months			3 Months			SEPTEMBER 30,
	2007			2007			2008			2008		2008			Change			Change			2007			2008			Change
CORE EARNINGS
Japan operations	$	88		$	68		$	70		$	64	$	(59	)		NM			NM		$	213		$	75			(65	%)
Other international operations		(9	)		(7	)		(3	)		—		(16	)		(78	%)		—			(20	)		(19	)		5	%
Core earnings (loss)	$	79		$	61		$	67		$	64	$	(75	)		NM			NM		$	193		$	56			(71	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		11			(23	)		(59	)		8		(32	)		NM			NM			(8	)		(83	)		NM
Net income (loss)	$	90		$	38		$	8		$	72	$	(107	)		NM			NM		$	185		$	(27	)		NM
JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	1,803		$	1,086		$	944		$	863	$	868			(52	%)		1	%	$	5,235		$	2,675			(49	%)
Fixed MVA		24			20			172			149		231			NM			55	%		64			552			NM
Total deposits by product	$	1,827		$	1,106		$	1,116		$	1,012	$	1,099			(40	%)		9	%	$	5,299		$	3,227			(39	%)
JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	212,415		¥	122,808		¥	99,140		¥	90,334	¥	93,342			(56	%)		3	%	¥	623,899		¥	282,816			(55	%)
Fixed MVA		2,792			2,293			17,558			15,609		24,985			NM			60	%		7,576			58,152			NM
Total deposits by product	¥	215,207		¥	125,101		¥	116,698		¥	105,943	¥	118,327			(45	%)		12	%	¥	631,475		¥	340,968			(46	%)
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	1,386		$	646		$	520		$	469	$	383			(72	%)		(18	%)	$	3,852		$	1,372			(64	%)
Fixed MVA		12			5			143			128		196			NM			53	%		22			467			NM
Total net flows by product	$	1,398		$	651		$	663		$	597	$	579			(59	%)		(3	%)	$	3,874		$	1,839			(53	%)
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	163,067		¥	73,035		¥	54,447		¥	49,111	¥	41,213			(75	%)		(16	%)	¥	458,435		¥	144,771			(68	%)
Fixed MVA		1,354			636			14,580			13,396		21,193			NM			58	%		2,532			49,169			NM
Total net flows by product	¥	164,421		¥	73,671		¥	69,027		¥	62,507	¥	62,406			(62	%)		—		¥	460,967		¥	193,940			(58	%)
JAPAN AUM — Dollars
Individual Annuity
Variable	$	34,888		$	35,793		$	36,777		$	35,910	$	32,706			(6	%)		(9	%)
Fixed MVA		1,785			1,844			2,198			2,212		2,416			35	%		9	%
Total AUM by product	$	36,673		$	37,637		$	38,975		$	38,122	$	35,122			(4	%)		(8	%)
JAPAN AUM — Yen
Individual Annuity
Variable	¥	4,012,693		¥	3,998,563		¥	3,660,549		¥	3,806,639	¥	3,472,208			(13	%)		(9	%)
Fixed MVA		205,275			206,028			218,854			234,442		256,542			25	%		9	%
Total AUM by product	¥	4,217,968		¥	4,204,591		¥	3,879,403		¥	4,041,081	¥	3,728,750			(12	%)		(8	%)

L-24

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	197		$	209		$	209		$	214		$	205			4	%		(4	%)	$	556		$	628			13	%
Other fees		13			15			18			16			10			(23	%)		(38	%)		45			44			(2	%)
Total fee income		210			224			227			230			215			2	%		(7	%)		601			672			12	%
Reinsurance premiums		(3	)		(3	)		(2	)		(3	)		(2	)		33	%		33	%		(8	)		(7	)		13	%
Total premiums and other considerations		207			221			225			227			213			3	%		(6	%)		593			665			12	%
Net investment income
Net investment income on G/A assets		31			29			25			24			27			(13	%)		13	%		88			76			(14	%)
Net investment income on assigned capital		—			1			1			1			2			—			100	%		2			4			100	%
Total net investment income		31			30			26			25			29			(6	%)		16	%		90			80			(11	%)
Net realized capital losses — core		(16	)		(16	)		(7	)		(11	)		(8	)		50	%		27	%		(52	)		(26	)		50	%
Total core revenues		222			235			244			241			234			5	%		(3	%)		631			719			14	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		17			(33	)		(108	)		3			(43	)		NM			NM			(10	)		(148	)		NM
Total revenues		239			202			136			244			191			(20	%)		(22	%)		621			571			(8	%)
Benefits and Expenses
Benefits and losses
Death and other benefits [1]		(6	)		6			8			6			146			NM			NM			(2	)		160			NM
Sales inducements		1			—			—			—			1			—			—			1			1			—
Interest credited on G/A assets		6			7			8			8			9			50	%		13	%		18			25			39	%
Total benefits and losses		1			13			16			14			156			NM			NM			17			186			NM
Other insurance expenses
Commissions & wholesaling expenses		120			78			73			70			73			(39	%)		4	%		345			216			(37	%)
Operating expenses		46			50			40			46			43			(7	%)		(7	%)		117			129			10	%
Premium taxes and other expenses		6			7			9			5			11			83	%		120	%		24			25			4	%
Subtotal — expenses before deferral		172			135			122			121			127			(26	%)		5	%		486			370			(24	%)
Deferred policy acquisition costs		(121	)		(80	)		(69	)		(63	)		(67	)		45	%		(6	%)		(349	)		(199	)		43	%
Total other insurance expense		51			55			53			58			60			18	%		3	%		137			171			25	%
Amortization of deferred policy acquisition costs [1]		34			62			68			70			109			NM			56	%		149			247			66	%
Total benefits and expenses		86			130			137			142			325			NM			129	%		303			604			99	%
Core earnings (loss) before income taxes		136			105			107			99			(91	)		NM			NM			328			115			(65	%)
Income tax expense (benefit) [1]		48			37			37			35			(32	)		NM			NM			115			40			(65	%)
Core earnings (loss) [1]		88			68			70			64			(59	)		NM			NM			213			75			(65	%)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		10			(20	)		(56	)		5			(22	)		NM			NM			(8	)		(73	)		NM
Net Income (loss) [1]	$	98		$	48		$	14		$	69		$	(81	)		NM			NM		$	205		$	2			(99	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		100.0			73.2			73.1			66.4			(64.4	)		NM			NM			83.5			27.5			(67	%)
Net income		111.4			51.7			14.6			71.6			(88.5	)		NM			NM			80.4			0.7			(99	%)

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased both core earnings and net income by $22. The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $123 and $115, respectively. The effect on each income statement line item is as follows:

	September 30, 2007			September 30, 2008
Other Fees	$	—		$	(7	)
Death and other benefits		(9	)		139
Sales Inducements		—			1
Amortization of deferred policy acquisition costs		(25	)		42
Income tax expense (benefit)		12			(66	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—			8

L-25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD — Dollars

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2007			2007			2008			2008			2008
VARIABLE ANNUITIES
Beginning balance	$	32,050		$	34,888		$	35,793		$	36,777		$	35,910
Deposits/Premiums/other		1,803			1,086			944			863			868
Surrenders		(309	)		(321	)		(298	)		(272	)		(370	)
Death benefits/annuitizations/other		(108	)		(119	)		(126	)		(122	)		(115	)
Net Flows		1,386			646			520			469			383
Change in market value/currency/change in reserve/interest credited		(893	)		(801	)		(3,722	)		976			(3,508	)
Effect of currency translation		2,345			1,060			4,186			(2,312	)		(79	)
Ending balance	$	34,888		$	35,793		$	36,777		$	35,910		$	32,706
FIXED MVA AND OTHER
Beginning balance	$	1,658		$	1,785		$	1,844		$	2,198		$	2,212
Deposits/Premiums/other		24			20			172			149			231
Surrenders		(4	)		(8	)		(12	)		(7	)		(17	)
Death benefits/annuitizations/other		(8	)		(7	)		(17	)		(14	)		(18	)
Net Flows		12			5			143			128			196
Change in market value/currency/change in reserve/interest credited		(7	)		1			(17	)		21			9
Effect of currency translation		122			53			228			(135	)		(1	)
Ending balance	$	1,785		$	1,844		$	2,198		$	2,212		$	2,416
TOTAL JAPAN
Beginning balance	$	33,708		$	36,673		$	37,637		$	38,975		$	38,122
Deposits/Premiums/other		1,827			1,106			1,116			1,012			1,099
Surrenders		(313	)		(329	)		(310	)		(279	)		(387	)
Death benefits/annuitizations/other		(116	)		(126	)		(143	)		(136	)		(133	)
Net Flows		1,398			651			663			597			579
Change in market value/change in reserve/interest credited		(900	)		(800	)		(3,739	)		997			(3,499	)
Effect of currency translation		2,467			1,113			4,414			(2,447	)		(80	)
Ending balance	$	36,673		$	37,637		$	38,975		$	38,122		$	35,122

L - 26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD — Yen

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2007			2007			2008			2008			2008
VARIABLE ANNUITIES
Beginning balance	¥	3,958,157		¥	4,012,693		¥	3,998,563		¥	3,660,549		¥	3,806,639
Deposits/Premiums/other		212,415			122,808			99,140			90,334			93,342
Surrenders		(36,607	)		(36,261	)		(31,364	)		(28,471	)		(39,753	)
Death benefits/annuitizations/other		(12,741	)		(13,512	)		(13,329	)		(12,752	)		(12,376	)
Net Flows		163,067			73,035			54,447			49,111			41,213
Change in market value/change in reserve/interest credited		(108,531	)		(87,165	)		(392,461	)		96,979			(375,644	)
Ending balance		4,012,693			3,998,563			3,660,549			3,806,639			3,472,208
FIXED MVA AND OTHER
Beginning balance		204,729			205,275			206,028			218,854			234,442
Deposits/Premiums/other		2,792			2,293			17,558			15,609			24,985
Surrenders		(529	)		(904	)		(1,245	)		(744	)		(1,845	)
Death benefits/annuitizations/other		(909	)		(753	)		(1,733	)		(1,469	)		(1,947	)
Net Flows		1,354			636			14,580			13,396			21,193
Change in market value/change in reserve/interest credited		753			767			790			884			1,011
Effect of currency translation on USD Fixed Annuity products		(1,561	)		(650	)		(2,544	)		1,308			(104	)
Ending balance		205,275			206,028			218,854			234,442			256,542
TOTAL JAPAN
Beginning balance		4,162,886			4,217,968			4,204,591			3,879,403			4,041,081
Deposits/Premiums/other		215,207			125,101			116,698			105,943			118,327
Surrenders		(37,136	)		(37,165	)		(32,609	)		(29,215	)		(41,598	)
Death benefits/annuitizations/other		(13,650	)		(14,265	)		(15,062	)		(14,221	)		(14,323	)
Net Flows		164,421			73,671			69,027			62,507			62,406
Change in market value/change in reserve/interest credited		(107,778	)		(86,398	)		(391,671	)		97,863			(374,633	)
Effect of currency translation on USD Fixed Annuity products		(1,561	)		(650	)		(2,544	)		1,308			(104	)
Ending balance	¥	4,217,968		¥	4,204,591		¥	3,879,403		¥	4,041,081		¥	3,728,750

L - 27

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	20		$	21		$	19		$	20		$	18			(10	%)		(10	%)	$	52		$	57			10	%
Cost of insurance charges		20			10			17			16			13			(35	%)		(19	%)		52			46			(12	%)
Mutual fund and other fees		57			9			5			2			9			(84	%)	NM				107			16			(85	%)
Total fee income		97			40			41			38			40			(59	%)		5	%		211			119			(44	%)
Direct premiums		411			217			188			242			241			(41	%)		—			770			671			(13	%)
Total premiums and other considerations		508			257			229			280			281			(45	%)		—			981			790			(19	%)
Net investment income
Net investment income on G/A assets		311			312			284			269			231			(26	%)		(14	%)		894			784			(12	%)
Net investment income on assigned capital		9			9			9			9			8			(11	%)		(11	%)		25			26			4	%
Charge for invested capital		—			1			1			1			1			—			—			—			3			—
Total net investment income		320			322			294			279			240			(25	%)		(14	%)		919			813			(12	%)
Net realized capital gains — core		1			1			—			—			1			—			—			1			1			—
Total core revenues		829			580			523			559			522			(37	%)		(7	%)		1,901			1,604			(16	%)
Net realized losses, before tax and DAC, excluded from core revenues		(47	)		(120	)		(219	)		(87	)		(606	)	NM			NM				(70	)		(912	)	NM
Total revenues		782			460			304			472			(84	)	NM			NM				1,831			692			(62	%)
Benefits and Expenses
Benefits and losses
Death benefits		22			11			17			13			12			(45	%)		(8	%)		60			42			(30	%)
Other contract benefits		107			117			113			120			120			12	%		—			307			353			15	%
Change in reserve		396			192			177			220			221			(44	%)		—			724			618			(15	%)
Interest credited on G/A assets		167			171			151			135			132			(21	%)		(2	%)		492			418			(15	%)
Total benefits and losses		692			491			458			488			485			(30	%)		(1	%)		1,583			1,431			(10	%)
Other insurance expenses
Commissions & wholesaling expenses		15			15			14			15			19			27	%		27	%		48			48			—
Operating expenses		19			23			20			25			22			16	%		(12	%)		56			67			20	%
Premium taxes and other expenses		56			7			3			(1	)		2			(96	%)	NM				86			4			(95	%)
Subtotal — expenses before deferral		90			45			37			39			43			(52	%)		10	%		190			119			(37	%)
Deferred policy acquisition costs		(9	)		(9	)		(9	)		(9	)		(8	)		11	%		11	%		(41	)		(26	)		37	%
Total other insurance expense		81			36			28			30			35			(57	%)		17	%		149			93			(38	%)
Amortization of deferred policy acquisition costs [1]		2			4			6			5			5			150	%		—			19			16			(16	%)
Total benefits and expenses		775			531			492			523			525			(32	%)		—			1,751			1,540			(12	%)
Core earnings (loss) before income taxes		54			49			31			36			(3	)	NM			NM				150			64			(57	%)
Income tax expense (benefit)		16			14			9			9			(4	)	NM			NM				45			14			(69	%)
Core earnings [1]		38			35			22			27			1			(97	%)		(96	%)		105			50			(52	%)
Net realized losses, net of tax and DAC, excluded from core earnings		(30	)		(78	)		(142	)		(57	)		(394	)	NM			NM				(45	)		(593	)	NM
Net income (loss) [1]	$	8		$	(43	)	$	(120	)	$	(30	)	$	(393	)	NM			NM			$	60		$	(543	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		26.1			23.0			14.3			17.4			0.7			(98	%)		(96	%)		25.1			10.9			(57	%)
Net income (loss)		5.5			(28.2	)		(78.0	)		(19.4	)		(255.6	)	NM			NM				14.4			(118.5	)	NM

[1] The DAC unlock recorded in the three months ended September 30, 2007 decreased amortization of deferred policy acquisition costs by $1, after-tax. There was no DAC unlock impact in the three months ended September 30, 2008.

L - 28

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2007		2007		2008		2008		2008		Change			Change			2007		2008		Change
Institutional
Structured settlements		235	$	267	$	211	$	200	$	230		(2	%)		15	%		799	$	641		(20	%)
Institutional annuities		257		10		23		38		25		(90	%)		(34	%)		305		86		(72	%)
Guaranteed interest products		831		115		721		552		168		(80	%)		(70	%)		2,470		1,441		(42	%)
Other		58		114		53		119		112		93	%		(6	%)		267		284		6	%
Subtotal		1,381		506		1,008		909		535		(61	%)		(41	%)		3,841		2,452		(36	%)
Mutual funds		571		504		583		383		282		(51	%)		(26	%)		1,178		1,248		6	%
Total Institutional		1,952		1,010		1,591		1,292		817		(58	%)		(37	%)		5,019		3,700		(26	%)
Private Placement Life Insurance
Corporate owned		2,569		450		57		64		17		(99	%)		(73	%)		4,745		138		(97	%)
Private clients		10		4		13		22		16		60	%		(27	%)		20		51		155	%
Total Private Placement Life Insurance		2,579		454		70		86		33		(99	%)		(62	%)		4,765		189		(96	%)
Total Institutional Solutions Group	$	4,531	$	1,464	$	1,661	$	1,378	$	850		(81	%)		(38	%)	$	9,784	$	3,889		(60	%)

L-29

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

											Year Over
											Year			Sequential
	Sept. 30,		Dec. 31,		March 31,		June 30,		Sept. 30,		3 Month			3 Month
	2007		2007		2008		2008		2008		Change			Change
INSTITUTIONAL
General account	$	19,701	$	19,731	$	20,197	$	20,593	$	19,923		1	%		(3	%)
Guaranteed separate account		413		421		412		402		384		(7	%)		(4	%)
Non-guaranteed separate account		4,927		4,951		4,675		4,551		4,189		(15	%)		(8	%)
Total Institutional account value		25,041		25,103		25,284		25,546		24,496		(2	%)		(4	%)
Mutual fund assets		3,398		3,581		3,489		3,844		3,325		(2	%)		(14	%)
Total Institutional Assets Under Management	$	28,439	$	28,684	$	28,773	$	29,390	$	27,821		(2	%)		(5	%)
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	2	$	4	$	5	$	5	$	6		NM			20	%
Non-guaranteed separate account		32,039		32,788		32,779		32,939		32,860		3	%		—
Total Private Placement Life Insurance account value		32,041		32,792		32,784		32,944		32,866		3	%		—
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	19,703	$	19,735	$	20,202	$	20,598	$	19,929		1	%		(3	%)
Guaranteed separate account		413		421		412		402		384		(7	%)		(4	%)
Non-guaranteed separate account		36,966		37,739		37,454		37,490		37,049		—			(1	%)
Total Institutional Solutions Group account value		57,082		57,895		58,068		58,490		57,362		—			(2	%)
Mutual fund assets		3,398		3,581		3,489		3,844		3,325		(2	%)		(14	%)
Total Institutional Solutions Group Assets Under Management	$	60,480	$	61,476	$	61,557	$	62,334	$	60,687		—			(3	%)
BY PRODUCT
Institutional
Structured settlements	$	6,063	$	6,322	$	6,530	$	6,729	$	6,962		15	%		3	%
Institutional annuities		3,114		3,113		3,108		3,118		3,089		(1	%)		(1	%)
Guaranteed interest products		10,676		10,421		10,644		10,741		9,760		(9	%)		(9	%)
Other		5,188		5,247		5,002		4,958		4,685		(10	%)		(6	%)
Total Institutional		25,041		25,103		25,284		25,546		24,496		(2	%)		(4	%)
Private Placement Life Insurance		32,041		32,792		32,784		32,944		32,866		3	%		—
Total Institutional Solutions Group account value		57,082		57,895		58,068		58,490		57,362		—			(2	%)
Institutional Mutual Fund Assets		3,398		3,581		3,489		3,844		3,325		(2	%)		(14	%)
Total Institutional Solutions Group Assets Under Management	$	60,480	$	61,476	$	61,557	$	62,334	$	60,687		—			(3	%)

L-30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1]

	THREE MONTHS ENDED
	Sept. 30,			Dec. 31,			March 31,			June 30,			Sept. 30,
	2007			2007			2008			2008			2008
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	24,127		$	25,041		$	25,103		$	25,284		$	25,546
Deposits		1,381			506			1,008			909			535
Surrenders		(730	)		(572	)		(695	)		(626	)		(1,294	)
Death benefits/annuity payouts		(150	)		(161	)		(160	)		(171	)		(201	)
Net Flows		501			(227	)		153			112			(960	)
Change in market value/change in reserve/interest credited		413			289			28			150			(90	)
Ending balance	$	25,041		$	25,103		$	25,284		$	25,546		$	24,496
INSTITUTIONAL MUTUAL FUND ASSETS [2]
Beginning balance	$	2,956		$	3,398		$	3,581		$	3,489		$	3,844
Deposits		571			504			583			383			282
Surrenders		(224	)		(273	)		(285	)		(201	)		(228	)
Net Flows		347			231			298			182			54
Change in market value/change in reserve/interest credited		95			(48	)		(390	)		173			(573	)
Ending balance	$	3,398		$	3,581		$	3,489		$	3,844		$	3,325
PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]
Beginning balance	$	29,053		$	32,041		$	32,792		$	32,784		$	32,944
Deposits		2,579			454			70			86			33
Surrenders		(2	)		(29	)		(17	)		(20	)		(27	)
Death benefits/annuity payouts		(11	)		(27	)		(25	)		(47	)		(16	)
Net Flows		2,566			398			28			19			(10	)
Change in market value/change in reserve/interest credited		462			372			18			197			(42	)
Other [3]		(40	)		(19	)		(54	)		(56	)		(26	)
Ending balance	$	32,041		$	32,792		$	32,784		$	32,944		$	32,866
INSTITUTIONAL SOLUTIONS GROUP
Beginning balance	$	56,136		$	60,480		$	61,476		$	61,557		$	62,334
Deposits		4,531			1,464			1,661			1,378			850
Surrenders		(956	)		(874	)		(997	)		(847	)		(1,549	)
Death benefits/annuity payouts		(161	)		(188	)		(185	)		(218	)		(217	)
Net Flows		3,414			402			479			313			(916	)
Change in market value/change in reserve/interest credited		970			613			(344	)		520			(705	)
Other [3]		(40	)		(19	)		(54	)		(56	)		(26	)
Ending balance	$	60,480		$	61,476		$	61,557		$	62,334		$	60,687

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Mutual Fund assets are an internal measure used by the company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.
[3]	Primarily consists of cost of insurance and M&E charges.

L-31

PROPERTY & CASUALTY

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,630		$	2,513		$	2,586		$	2,585		$	2,593			(1	%)		—		$	7,927		$	7,764			(2	%)
Earned premiums		2,628			2,623			2,614			2,586			2,568			(2	%)		(1	%)		7,873			7,768			(1	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		78			30			105			18			(45	)	NM			NM				292			78			(73	%)
Small Commercial		119			204			119			69			82			(31	%)		19	%		304			270			(11	%)
Middle Market		22			55			51			1			(38	)	NM			NM				89			14			(84	%)
Specialty Commercial		6			(55	)		43			20			(43	)	NM			NM				50			20			(60	%)
Ongoing Operations underwriting results		225			234			318			108			(44	)	NM			NM				735			382			(48	%)
Other Operations [1]		(43	)		(23	)		(19	)		(58	)		(61	)		(42	%)		(5	%)		(187	)		(138	)		26	%
Total Property & Casualty underwriting results	$	182		$	211		$	299		$	50		$	(105	)	NM			NM			$	548		$	244			(55	%)
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		64.5			65.2			62.2			63.4			63.8			0.7			(0.4	)		63.3			63.1			0.2
Current accident year catastrophes [3]		1.2			2.5			1.9			6.6			12.7			(11.5	)		(6.1	)		1.4			7.0			(5.6	)
Prior accident years [4]		(0.4	)		(4.8	)		(2.0	)		(1.5	)		(2.8	)		2.4			1.3			(0.2	)		(2.1	)		1.9
Total losses and loss adjustment expenses		65.3			62.8			62.2			68.5			73.7			(8.4	)		(5.2	)		64.5			68.1			(3.6	)
Expenses [5]		25.9			27.3			25.5			26.5			27.3			(1.4	)		(0.8	)		25.9			26.4			(0.5	)
Policyholder dividends [6]		0.2			0.9			0.2			0.8			0.7			(0.5	)		0.1			0.2			0.5			(0.3	)
Combined ratio		91.4			91.1			87.8			95.8			101.7			(10.3	)		(5.9	)		90.7			95.1			(4.4	)
Catastrophes
Current year		1.2			2.5			1.9			6.6			12.7			(11.5	)		(6.1	)		1.4			7.0			(5.6	)
Prior year		0.3			0.2			(0.4	)		—			(0.2	)		0.5			0.2			0.1			(0.2	)		0.3
Catastrophe ratio		1.5			2.6			1.5			6.6			12.5			(11.0	)		(5.9	)		1.5			6.8			(5.3	)
Combined ratio before catastrophes		89.9			88.4			86.4			89.2			89.2			0.7			—			89.2			88.2			1.0
Combined ratio before catastrophes and prior year development		90.6			93.4			87.9			90.7			91.8			(1.2	)		(1.1	)		89.5			90.1			(0.6	)
Total Property & Casualty Income and ROE
Net income (loss)	$	353		$	349		$	326		$	249		$	(774	)	NM			NM			$	1,158		$	(199	)	NM
Core earnings	$	405		$	414		$	426		$	283		$	156			(61	%)		(45	%)	$	1,215		$	865			(29	%)
Core earnings ROE (rolling 12 months income)
Ongoing Operations		23.7	%		23.2	%		22.7	%		20.0	%		18.1	%		(5.6	)		(1.9	)
Other Operations		5.2	%		4.4	%		4.6	%		10.7	%		7.9	%		2.7			(2.8	)
Total Property & Casualty		21.9	%		21.4	%		21.1	%		19.2	%		17.2	%		(4.7	)		(2.0	)

	PROPERTY & CASUALTY
	Dec. 31,		Sept. 30,
	2007		2008		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	8.5	$	6.9	$	(1.6	)
Total Property and Casualty premium to adjusted surplus ratio		1.2		1.5		0.3

[1]	The nine months ended September 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended June 30, 2008 included net asbestos reserve strengthening of $50. The three months ended September 30, 2008 included environmental reserve strengthening of $53.
[2]	The three months ended December 31, 2007 included current accident year reserve strengthening, totaling 0.5 points, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening, totaling 0.3 points, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release, totaling 0.4 points, related to Personal Lines auto liability claims.
[3]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[5]	The three months ended September 30, 2008 included an assessment from the Texas Windstorm Insurance Association totaling 0.8 points, primarily related to hurricane Ike.
[6]	Included in policyholder dividends for the three months ended December 31, 2007, June 30, 2008 and September 30, 2008 were increases of 0.8 points, 0.6 points and 0.4 points, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.

PC-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,630		$	2,513		$	2,586		$	2,585		$	2,593			(1	%)		—		$	7,927		$	7,764			(2	%)
Change in unearned premium reserve		2			(110	)		(28	)		(1	)		25		NM			NM				54			(4	)	NM
Earned premiums		2,628			2,623			2,614			2,586			2,568			(2	%)		(1	%)		7,873			7,768			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,695			1,708			1,625			1,639			1,638			(3	%)		—			4,984			4,902			(2	%)
Current accident year catastrophes [2]		32			65			50			171			325		NM				90	%		112			546		NM
Prior accident years [3]		28			(106	)		(36	)		16			(14	)	NM			NM				154			(34	)	NM
Total losses and loss adjustment expenses		1,755			1,667			1,639			1,826			1,949			11	%		7	%		5,250			5,414			3	%
Underwriting expenses [4]		686			721			671			690			707			3	%		2	%		2,056			2,068			1	%
Dividends to policyholders [5]		5			24			5			20			17		NM				(15	%)		19			42			121	%
Underwriting results		182			211			299			50			(105	)	NM			NM				548			244			(55	%)
Net servicing income		16			11			(1	)		8			14			(13	%)		75	%		41			21			(49	%)
Net investment income [6]		407			421			365			391			335			(18	%)		(14	%)		1,266			1,091			(14	%)
Periodic net coupon settlements on credit derivatives, before-tax		5			4			2			1			2			(60	%)		100	%		11			5			(55	%)
Other expenses		(64	)		(67	)		(59	)		(65	)		(57	)		11	%		12	%		(182	)		(181	)		1	%
Income tax expense		(141	)		(166	)		(180	)		(102	)		(33	)		77	%		68	%		(469	)		(315	)		33	%
Core earnings		405			414			426			283			156			(61	%)		(45	%)		1,215			865			(29	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(52	)		(65	)		(100	)		(34	)		(930	)	NM			NM				(57	)		(1,064	)	NM
Net income (loss)	$	353		$	349		$	326		$	249		$	(774	)	NM			NM			$	1,158		$	(199	)	NM
Total Property & Casualty effective tax rate — net income		24.2	%		27.4	%		27.9	%		25.1	%		37.6	%		13.4			12.5			27.5	%		56.3	%		28.8
Total Property & Casualty effective tax rate — core earnings		25.8	%		28.7	%		29.7	%		26.4	%		17.6	%		(8.2	)		(8.8	)		27.8	%		26.7	%		(1.1	)

[1]	The three months ended December 31, 2007 included current accident year reserve strengthening of $13, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The nine months ended September 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.
[5]	Included in policyholder dividends for the three months ended December 31, 2007, June 30, 2008 and September 30, 2008 were increases of $20, $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	The decrease in net investment income for the three and nine months ended September 30, 2008 was primarily driven by lower returns on limited partnerships and other alternative investments, largely due to lower returns on hedge funds and real estate partnerships.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,628		$	2,511		$	2,584		$	2,583		$	2,592			(1	%)		—		$	7,924		$	7,759			(2	%)
Change in unearned premium reserve		2			(110	)		(29	)		(1	)		25		NM			NM				54			(5	)	NM
Earned premiums		2,626			2,621			2,613			2,584			2,567			(2	%)		(1	%)		7,870			7,764			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,695			1,708			1,625			1,639			1,638			(3	%)		—			4,984			4,902			(2	%)
Current accident year catastrophes [2]		32			65			50			171			325		NM				90	%		112			546		NM
Prior accident years [3]		(11	)		(126	)		(51	)		(39	)		(70	)	NM				(79	%)		(19	)		(160	)	NM
Total losses and loss adjustment expenses		1,716			1,647			1,624			1,771			1,893			10	%		7	%		5,077			5,288			4	%
Underwriting expenses [4]		680			716			666			685			701			3	%		2	%		2,039			2,052			1	%
Dividends to policyholders [5]		5			24			5			20			17		NM				(15	%)		19			42			121	%
Underwriting results		225			234			318			108			(44	)	NM			NM				735			382			(48	%)
Net servicing income		16			11			(1	)		8			14			(13	%)		75	%		41			21			(49	%)
Net investment income [6]		346			357			310			334			285			(18	%)		(15	%)		1,082			929			(14	%)
Periodic net coupon settlements on credit derivatives, before-tax		5			4			2			1			2			(60	%)		100	%		11			5			(55	%)
Other expenses		(63	)		(69	)		(57	)		(65	)		(58	)		8	%		11	%		(179	)		(180	)		(1	%)
Income tax expense		(138	)		(155	)		(172	)		(105	)		(39	)		72	%		63	%		(481	)		(316	)		34	%
Core earnings		391			382			400			281			160			(59	%)		(43	%)		1,209			841			(30	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(50	)		(59	)		(88	)		(35	)		(826	)	NM			NM				(55	)		(949	)	NM
Net income (loss)	$	341		$	323		$	312		$	246		$	(666	)	NM			NM			$	1,154		$	(108	)	NM
Ongoing Operations effective tax rate — net income		24.5	%		27.6	%		28.4	%		26.0	%		37.8	%		13.3			11.8			28.1	%		64.4	%		36.3
Ongoing Operations effective tax rate — core earnings		26.1	%		28.9	%		30.0	%		27.3	%		19.8	%		(6.3	)		(7.5	)		28.5	%		27.3	%		(1.2	)

[1]	The three months ended December 31, 2007 included current accident year reserve strengthening of $13, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims. The three and nine months ended September 30, 2008 included reserve releases of $48 and $106, respectively, related to Small Commercial and Middle Market workers’ compensation claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.
[5]	Included in policyholder dividends for the three months ended December 31, 2007, June 30, 2008 and September 30, 2008 were increases of $20, $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	The decrease in net investment income for the three and nine months ended September 30, 2008 was primarily driven by lower returns on limited partnerships and other alternative investments, largely due to lower returns on hedge funds and real estate partnerships.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2008

	Personal			Small			Middle			Specialty			Ongoing
	Lines			Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,024		$	652		$	555		$	361		$	2,592
Change in unearned premium reserve		46			(26	)		2			3			25
Earned premiums		978			678			553			358			2,567
Losses and loss adjustment expenses
Current accident year before catastrophes		634			380			377			247			1,638
Current accident year catastrophes		168			49			64			44			325
Prior accident years		(9	)		(46	)		(17	)		2			(70	)
Total losses and loss adjustment expenses		793			383			424			293			1,893
Underwriting expenses		230			204			163			104			701
Dividends to policyholders		—			9			4			4			17
Underwriting results	$	(45	)	$	82		$	(38	)	$	(43	)	$	(44	)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		64.7			56.3			68.1			68.6			63.8
Current accident year catastrophes		17.2			7.0			11.5			12.6			12.7
Prior accident years [1]		(0.9	)		(6.8	)		(3.2	)		0.5			(2.8	)
Total losses and loss adjustment expenses		81.1			56.5			76.5			81.7			73.7
Expenses		23.5			30.1			29.6			29.0			27.3
Policyholder dividends		—			1.3			0.8			1.3			0.7
Combined ratio		104.6			87.9			106.8			111.9			101.7
Catastrophes
Current year		17.2			7.0			11.5			12.6			12.7
Prior year		0.8			(0.5	)		(1.1	)		(0.7	)		(0.2	)
Catastrophe ratio		18.1			6.5			10.4			11.9			12.5
Combined ratio before catastrophes		86.5			81.4			96.4			100.0			89.2
Combined ratio before catastrophes and prior year development		88.3			87.7			98.5			98.8			91.8

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

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008

	Personal			Small			Middle			Specialty			Ongoing
	Lines			Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	2,989		$	2,074		$	1,616		$	1,080		$	7,759
Change in unearned premium reserve		48			26			(72	)		(7	)		(5	)
Earned premiums		2,941			2,048			1,688			1,087			7,764
Losses and loss adjustment expenses
Current accident year before catastrophes		1,914			1,130			1,118			740			4,902
Current accident year catastrophes		295			93			106			52			546
Prior accident years		(16	)		(50	)		(55	)		(39	)		(160	)
Total losses and loss adjustment expenses		2,193			1,173			1,169			753			5,288
Underwriting expenses		670			592			486			304			2,052
Dividends to policyholders		—			13			19			10			42
Underwriting results	$	78		$	270		$	14		$	20		$	382
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		65.1			55.2			66.3			67.9			63.1
Current accident year catastrophes		10.0			4.5			6.3			4.9			7.0
Prior accident years [1]		(0.6	)		(2.4	)		(3.3	)		(3.6	)		(2.1	)
Total losses and loss adjustment expenses		74.6			57.2			69.2			69.3			68.1
Expenses		22.8			28.9			28.8			28.0			26.4
Policyholder dividends		—			0.6			1.1			0.9			0.5
Combined ratio		97.3			86.8			99.2			98.1			95.1
Catastrophes
Current year		10.0			4.5			6.3			4.9			7.0
Prior year		0.2			(0.1	)		(0.4	)		(1.0	)		(0.2	)
Catastrophe ratio		10.2			4.4			5.8			3.9			6.8
Combined ratio before catastrophes		87.2			82.4			93.3			94.3			88.2
Combined ratio before catastrophes and prior year development		87.9			84.7			96.2			96.8			90.1

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

PC-5

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	2,628		$	2,511		$	2,584		$	2,583		$	2,592			(1	%)		—		$	7,924		$	7,759			(2	%)
Change in unearned premium reserve		2			(110	)		(29	)		(1	)		25		NM			NM				54			(5	)	NM
Earned premiums		2,626			2,621			2,613			2,584			2,567			(2	%)		(1	%)		7,870			7,764			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,695			1,708			1,625			1,639			1,638			(3	%)		—			4,984			4,902			(2	%)
Current accident year catastrophes [2]		32			65			50			171			325		NM				90	%		112			546		NM
Prior accident years [3]		(11	)		(126	)		(51	)		(39	)		(70	)	NM				(79	%)		(19	)		(160	)	NM
Total losses and loss adjustment expenses		1,716			1,647			1,624			1,771			1,893			10	%		7	%		5,077			5,288			4	%
Underwriting expenses [4]		680			716			666			685			701			3	%		2	%		2,039			2,052			1	%
Dividends to policyholders [5]		5			24			5			20			17		NM				(15	%)		19			42			121	%
Underwriting results	$	225		$	234		$	318		$	108		$	(44	)	NM			NM			$	735		$	382			(48	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		64.5			65.2			62.2			63.4			63.8			0.7			(0.4	)		63.3			63.1			0.2
Current accident year catastrophes [2]		1.2			2.5			1.9			6.6			12.7			(11.5	)		(6.1	)		1.4			7.0			(5.6	)
Prior accident years [3] [6]		(0.4	)		(4.8	)		(2.0	)		(1.5	)		(2.8	)		2.4			1.3			(0.2	)		(2.1	)		1.9
Total losses and loss adjustment expenses		65.3			62.8			62.2			68.5			73.7			(8.4	)		(5.2	)		64.5			68.1			(3.6	)
Expenses		25.9			27.3			25.5			26.5			27.3			(1.4	)		(0.8	)		25.9			26.4			(0.5	)
Policyholder dividends		0.2			0.9			0.2			0.8			0.7			(0.5	)		0.1			0.2			0.5			(0.3	)
Combined ratio		91.4			91.1			87.8			95.8			101.7			(10.3	)		(5.9	)		90.7			95.1			(4.4	)
Catastrophes
Current year		1.2			2.5			1.9			6.6			12.7			(11.5	)		(6.1	)		1.4			7.0			(5.6	)
Prior year		0.3			0.2			(0.4	)		—			(0.2	)		0.5			0.2			0.1			(0.2	)		0.3
Catastrophe ratio		1.5			2.6			1.5			6.6			12.5			(11.0	)		(5.9	)		1.5			6.8			(5.3	)
Combined ratio before catastrophes		89.9			88.4			86.4			89.2			89.2			0.7			—			89.2			88.2			1.0
Combined ratio before catastrophes and prior year development		90.6			93.4			87.9			90.7			91.8			(1.2	)		(1.1	)		89.5			90.1			(0.6	)

[1]	The three months ended December 31, 2007 included current accident year reserve strengthening, totaling $13, or 0.5 points, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included a current accident year reserve strengthening, totaling $7, or 0.3 points, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release, totaling $9, or 0.4 points, related to Personal Lines auto liability claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims. The three and nine months ended September 30, 2008 included reserve releases of $48 and $106, respectively, related to Small Commercial and Middle Market workers’ compensation claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.
[5]	Included in policyholder dividends for the three months ended December 31, 2007, June 30, 2008 and September 30, 2008 were increases of $20, $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-6

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

														Year Over
	THREE MONTHS ENDED													Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,			Mar. 31,			Jun. 30,		Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007		2007			2008			2008		2008			Change			Change			2007		2008			Change
UNDERWRITING RESULTS
Written premiums	$	1,035	$	934		$	936		$	1,029	$	1,024			(1	%)		—		$	3,013	$	2,989			(1	%)
Change in unearned premium reserve		51		(51	)		(47	)		49		46			(10	%)		(6	%)		109		48			(56	%)
Earned premiums		984		985			983			980		978			(1	%)		—			2,904		2,941			1	%
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		659		696			635			645		634			(4	%)		(2	%)		1,880		1,914			2	%
Current accident year catastrophes [2]		26		50			30			97		168		NM				73	%		75		295		NM
Prior accident years [3]		7		(19	)		(8	)		1		(9	)	NM			NM				15		(16	)	NM
Total losses and loss adjustment expenses		692		727			657			743		793			15	%		7	%		1,970		2,193			11	%
Underwriting expenses [4]		214		228			221			219		230			7	%		5	%		642		670			4	%
Underwriting results	$	78	$	30		$	105		$	18	$	(45	)	NM			NM			$	292	$	78			(73	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		66.9		70.5			64.6			65.9		64.7			2.2			1.2			64.7		65.1			(0.4	)
Current accident year catastrophes [2]		2.6		5.1			3.1			9.8		17.2			(14.6	)		(7.4	)		2.6		10.0			(7.4	)
Prior accident years [3] [5]		0.7		(1.9	)		(0.8	)		—		(0.9	)		1.6			0.9			0.5		(0.6	)		1.1
Total losses and loss adjustment expenses		70.1		73.8			66.9			75.8		81.1			(11.0	)		(5.3	)		67.8		74.6			(6.8	)
Expenses		21.9		23.2			22.4			22.4		23.5			(1.6	)		(1.1	)		22.1		22.8			(0.7	)
Combined ratio		92.0		97.0			89.4			98.1		104.6			(12.6	)		(6.5	)		89.9		97.3			(7.4	)
Catastrophes
Current year		2.6		5.1			3.1			9.8		17.2			(14.6	)		(7.4	)		2.6		10.0			(7.4	)
Prior year		0.4		0.1			(0.7	)		0.3		0.8			(0.4	)		(0.5	)		0.2		0.2			—
Catastrophe ratio		3.0		5.2			2.5			10.1		18.1			(15.1	)		(8.0	)		2.8		10.2			(7.4	)
Combined ratio before catastrophes		89.0		91.7			86.9			88.0		86.5			2.5			1.5			87.1		87.2			(0.1	)
Combined ratio before catastrophes and prior year development		88.7		93.7			87.0			88.3		88.3			0.4			—			86.9		87.9			(1.0	)
COMBINED RATIO
Automobile		95.9		102.3			92.6			94.3		90.5			5.4			3.8			94.2		92.5			1.7
Homeowners		81.9		83.1			81.1			107.9		141.2			(59.3	)		(33.3	)		78.6		109.9			(31.3	)
Total		92.0		97.0			89.4			98.1		104.6			(12.6	)		(6.5	)		89.9		97.3			(7.4	)

[1]	The three months ended December 31, 2007 included current accident year reserve strengthening, totaling $19, or 1.9 points, related to auto liability claims. The three months ended September 30, 2008 included a current accident year reserve release of $9, or 1.0 point, related to auto liability claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2007 included a reserve release of $16 related to auto liability claims. The three months ended September 30, 2008 included a reserve release of $23 related to auto liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $10 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-7

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	724		$	649		$	662		$	741		$	741			2	%		—		$	2,101		$	2,144			2	%
Agency		294			267			258			271			269			(9	%)		(1	%)		856			798			(7	%)
Other		17			18			16			17			14			(18	%)		(18	%)		56			47			(16	%)
Total	$	1,035		$	934		$	936		$	1,029		$	1,024			(1	%)		—		$	3,013		$	2,989			(1	%)
EARNED PREMIUMS [1]
AARP	$	680		$	685		$	687		$	691		$	695			2	%		1	%	$	1,996		$	2,073			4	%
Agency		283			281			277			273			266			(6	%)		(3	%)		842			816			(3	%)
Other		21			19			19			16			17			(19	%)		6	%		66			52			(21	%)
Total	$	984		$	985		$	983		$	980		$	978			(1	%)		—		$	2,904		$	2,941			1	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	732		$	678		$	698		$	729		$	726			(1	%)		—		$	2,170		$	2,153			(1	%)
Homeowners		303			256			238			300			298			(2	%)		(1	%)		843			836			(1	%)
Total	$	1,035		$	934		$	936		$	1,029		$	1,024			(1	%)		—		$	3,013		$	2,989			(1	%)
EARNED PREMIUMS [1]
Automobile	$	712		$	712		$	706		$	707		$	707			(1	%)		—		$	2,110		$	2,120			—
Homeowners		272			273			277			273			271			—			(1	%)		794			821			3	%
Total	$	984		$	985		$	983		$	980		$	978			(1	%)		—		$	2,904		$	2,941			1	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)
Automobile		—			—			3	%		3	%		2	%		2	%		(1	%)		—			2	%		2	%
Homeowners		5	%		3	%		3	%		2	%		3	%		(2	%)		1	%		6	%		2	%		(4	%)
Premium Retention
Automobile		88	%		87	%		88	%		87	%		86	%		(2	%)		(1	%)		88	%		87	%		(1	%)
Homeowners		94	%		93	%		88	%		91	%		90	%		(4	%)		(1	%)		97	%		90	%		(7	%)
New Business Premium $
Automobile	$	108		$	84		$	84		$	87		$	97			(10	%)		11	%	$	340		$	268			(21	%)
Homeowners	$	36		$	28		$	24		$	27		$	29			(19	%)		7	%	$	112		$	80			(29	%)
Policies in force
Automobile		2,359,246			2,349,402			2,339,871			2,326,188			2,324,124			(1	%)		—
Homeowners		1,484,157			1,481,542			1,477,335			1,471,920			1,465,907			(1	%)		—

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

PC-8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	664		$	649		$	743		$	679		$	652			(2	%)		(4	%)	$	2,098		$	2,074			(1	%)
Change in unearned premium reserve		(19	)		(39	)		56			(4	)		(26	)		(37	%)	NM				50			26			(48	%)
Earned premiums		683			688			687			683			678			(1	%)		(1	%)		2,048			2,048			—
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		406			392			370			380			380			(6	%)		—			1,202			1,130			(6	%)
Current accident year catastrophes [2]		6			3			9			35			49		NM				40	%		25			93		NM
Prior accident years [3]		(47	)		(130	)		(2	)		(2	)		(46	)		2	%	NM				(79	)		(50	)		37	%
Total losses and loss adjustment expenses		365			265			377			413			383			5	%		(7	%)		1,148			1,173			2	%
Underwriting expenses [4]		197			208			190			198			204			4	%		3	%		591			592			—
Dividends to policyholders [5]		2			11			1			3			9		NM			NM				5			13			160	%
Underwriting results	$	119		$	204		$	119		$	69		$	82			(31	%)		19	%	$	304		$	270			(11	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		59.4			56.9			53.8			55.5			56.3			3.1			(0.8	)		58.7			55.2			3.5
Current accident year catastrophes [2]		0.8			0.4			1.3			5.2			7.0			(6.2	)		(1.8	)		1.2			4.5			(3.3	)
Prior accident years [3] [6]		(6.9	)		(18.8	)		(0.3	)		(0.3	)		(6.8	)		(0.1	)		6.5			(3.9	)		(2.4	)		(1.5	)
Total losses and loss adjustment expenses		53.3			38.6			54.8			60.4			56.5			(3.2	)		3.9			56.0			57.2			(1.2	)
Expenses		28.8			30.2			27.7			29.0			30.1			(1.3	)		(1.1	)		28.8			28.9			(0.1	)
Policyholder dividends		0.3			1.6			0.2			0.5			1.3			(1.0	)		(0.8	)		0.2			0.6			(0.4	)
Combined ratio		82.4			70.4			82.7			89.8			87.9			(5.5	)		1.9			85.1			86.8			(1.7	)
Catastrophes
Current year		0.8			0.4			1.3			5.2			7.0			(6.2	)		(1.8	)		1.2			4.5			(3.3	)
Prior year		0.1			—			—			0.1			(0.5	)		0.6			0.6			0.2			(0.1	)		0.3
Catastrophe ratio		1.0			0.5			1.3			5.3			6.5			(5.5	)		(1.2	)		1.4			4.4			(3.0	)
Combined ratio before catastrophes		81.5			69.9			81.3			84.5			81.4			0.1			3.1			83.7			82.4			1.3
Combined ratio before catastrophes and prior year development		88.5			88.8			81.7			84.9			87.7			0.8			(2.8	)		87.8			84.7			3.1
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(1	%)		(3	%)		(2	%)		(3	%)		(2	%)		(1	%)		1	%		(1	%)		(2	%)		(1	%)
Premium Retention		84	%		83	%		83	%		81	%		83	%		(1	%)		2	%		84	%		82	%		(2	%)
New Business Premium $	$	116		$	110		$	127		$	117		$	105			(9	%)		(10	%)	$	371		$	349			(6	%)
Policies in force		1,031,855			1,038,542			1,048,057			1,057,058			1,062,291			3	%		—

[1]	The three months ended December 31, 2007 included a current accident year reserve release, totaling $24, or 3.5 points, related to workers’ compensation business, substantially offset by current accident year reserve strengthening, totaling $18, or 2.6 points, related to package business. The three months ended June 30, 2008 included current accident year reserve strengthening, totaling $7, or 1.0 point, primarily related to liability claims under package business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three and nine months ended September 30, 2007 included a reserve release of $47 on workers’ compensation business for recent accident years. The three months ended December 31, 2007 included reserve releases of $110 related to workers’ compensation business. The three and nine months ended September 30, 2008 included reserve releases of $33 and $72, respectively, related to workers’ compensation business.
[4]	The three months ended September 30, 2008 included an assessment of $7 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.
[5]	Included in policyholder dividends for the three months ended December 31, 2007 and the three and nine months ended September 30, 2008 were increases of $10, $6 and $8, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	573		$	591		$	548		$	513		$	555			(3	%)		8	%	$	1,666		$	1,616			(3	%)
Change in unearned premium reserve		(9	)		19			(28	)		(46	)		2		NM			NM				(113	)		(72	)		36	%
Earned premiums		582			572			576			559			553			(5	%)		(1	%)		1,779			1,688			(5	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		384			378			372			369			377			(2	%)		2	%		1,145			1,118			(2	%)
Current accident year catastrophes [2]		(1	)		6			9			33			64		NM				94	%		9			106		NM
Prior accident years [3]		11			(41	)		(16	)		(22	)		(17	)	NM				23	%		27			(55	)	NM
Total losses and loss adjustment expenses		394			343			365			380			424			8	%		12	%		1,181			1,169			(1	%)
Underwriting expenses [4]		165			169			158			165			163			(1	%)		(1	%)		500			486			(3	%)
Dividends to policyholders [5]		1			5			2			13			4		NM				(69	%)		9			19			111	%
Underwriting results	$	22		$	55		$	51		$	1		$	(38	)	NM			NM			$	89		$	14			(84	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		66.1			66.1			64.5			66.2			68.1			(2.0	)		(1.9	)		64.4			66.3			(1.9	)
Current accident year catastrophes [2]		—			1.0			1.6			5.8			11.5			(11.5	)		(5.7	)		0.5			6.3			(5.8	)
Prior accident years [3] [6]		1.8			(7.1	)		(2.7	)		(3.9	)		(3.2	)		5.0			(0.7	)		1.5			(3.3	)		4.8
Total losses and loss adjustment expenses		67.9			59.9			63.4			68.1			76.5			(8.6	)		(8.4	)		66.4			69.2			(2.8	)
Expenses		28.2			29.6			27.5			29.4			29.6			(1.4	)		(0.2	)		28.1			28.8			(0.7	)
Policyholder dividends		0.3			0.8			0.3			2.4			0.8			(0.5	)		1.6			0.5			1.1			(0.6	)
Combined ratio		96.3			90.3			91.2			99.8			106.8			(10.5	)		(7.0	)		95.0			99.2			(4.2	)
Catastrophes
Current year		—			1.0			1.6			5.8			11.5			(11.5	)		(5.7	)		0.5			6.3			(5.8	)
Prior year		(0.3	)		0.5			0.3			(0.4	)		(1.1	)		0.8			0.7			(0.4	)		(0.4	)		—
Catastrophe ratio		(0.3	)		1.5			1.9			5.4			10.4			(10.7	)		(5.0	)		0.2			5.8			(5.6	)
Combined ratio before catastrophes		96.6			88.8			89.3			94.4			96.4			0.2			(2.0	)		94.8			93.3			1.5
Combined ratio before catastrophes and prior year development		94.5			96.4			92.3			97.9			98.5			(4.0	)		(0.6	)		93.0			96.2			(3.2	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(3	%)		(6	%)		(6	%)		(7	%)		(5	%)		(2	%)		2	%		(4	%)		(6	%)		(2	%)
Premium Retention		77	%		79	%		80	%		78	%		78	%		1	%		—			77	%		79	%		2	%
New Business Premium $	$	93		$	94		$	104		$	100		$	111			19	%		11	%	$	296		$	315			6	%
Policies in force		79,813			80,377			81,482			82,578			83,188			4	%		1	%

[1]	The three months ended December 31, 2007 included current accident year reserve strengthening, totaling $7, or 1.2 points, related to general liability, substantially offset by a current accident year reserve release, totaling $4, or 0.7 points, related to workers’ compensation business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended September 30, 2007 included reserve strengthening of $40 on workers’ compensation business for older accident years, partially offset by a reserve release of $11 on workers’ compensation business for recent accident years. The three months ended December 31, 2007 included a $39 release of general liability reserves for recent accident years. The three and nine months ended September 30, 2008 included reserve releases of $15 and $34, respectively, on workers’ compensation business primarily for recent accident years.
[4]	The three months ended September 30, 2008 included an assessment of $3 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and nine months ended September 30, 2008 were increases of $11 and $14, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-10

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007		2008			Change
UNDERWRITING RESULTS
Written premiums	$	356		$	337		$	357		$	362		$	361			1	%		—		$	1,147	$	1,080			(6	%)
Change in unearned premium reserve		(21	)		(39	)		(10	)		—			3		NM				—			8		(7	)	NM
Earned premiums		377			376			367			362			358			(5	%)		(1	%)		1,139		1,087			(5	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		246			242			248			245			247			—			1	%		757		740			(2	%)
Current accident year catastrophes [2]		1			6			2			6			44		NM			NM				3		52		NM
Prior accident years [3]		18			64			(25	)		(16	)		2			(89	%)	NM				18		(39	)	NM
Total losses and loss adjustment expenses		265			312			225			235			293			11	%		25	%		778		753			(3	%)
Underwriting expenses		104			111			97			103			104			—			1	%		306		304			(1	%)
Dividends to policyholders [4]		2			8			2			4			4			100	%		—			5		10			100	%
Underwriting results	$	6		$	(55	)	$	43		$	20		$	(43	)	NM			NM			$	50	$	20			(60	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		65.5			64.9			67.9			67.4			68.6			(3.1	)		(1.2	)		66.4		67.9			(1.5	)
Current accident year catastrophes [2]		0.2			1.5			0.3			1.9			12.6			(12.4	)		(10.7	)		0.3		4.9			(4.6	)
Prior accident years [3] [5]		5.0			16.6			(7.0	)		(4.2	)		0.5			4.5			(4.7	)		1.7		(3.6	)		5.3
Total losses and loss adjustment expenses		70.7			83.0			61.2			65.1			81.7			(11.0	)		(16.6	)		68.4		69.3			(0.9	)
Expenses		27.7			29.4			26.4			28.6			29.0			(1.3	)		(0.4	)		26.9		28.0			(1.1	)
Policyholder dividends		0.3			2.3			0.5			1.0			1.3			(1.0	)		(0.3	)		0.4		0.9			(0.5	)
Combined ratio		98.6			114.7			88.0			94.7			111.9			(13.3	)		(17.2	)		95.7		98.1			(2.4	)
Catastrophes
Current year		0.2			1.5			0.3			1.9			12.6			(12.4	)		(10.7	)		0.3		4.9			(4.6	)
Prior year		1.2			0.1			(1.8	)		(0.5	)		(0.7	)		1.9			0.2			0.1		(1.0	)		1.1
Catastrophe ratio		1.4			1.6			(1.5	)		1.4			11.9			(10.5	)		(10.5	)		0.4		3.9			(3.5	)
Combined ratio before catastrophes		97.2			113.1			89.6			93.3			100.0			(2.8	)		(6.7	)		95.3		94.3			1.0
Combined ratio before catastrophes and prior year development		93.5			96.6			94.7			97.0			98.8			(5.3	)		(1.8	)		93.7		96.8			(3.1	)

[1]	The three months ended December 31, 2007 included a current accident year reserve release, totaling $3, or 0.8 points, related to workers’ compensation business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2007 included a $35 strengthening of workers’ compensation reserves and a $34 strengthening of liability reserves, each primarily for older accident years, partially offset by a $15 reserve release for professional liability claims. The nine months ended September 30, 2008 included a reserve release of $45 for professional liability claims, partially offset by reserve strengthening of $15 for general liability reserves.
[4]	Included in policyholder dividends for the three months ended December 31, 2007 and nine months ended September 30, 2008 were increases of $7 and $5, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-11

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			NINE MONTHS ENDED
	Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		Sept. 30,		3 Month			3 Month			SEPTEMBER 30,
	2007		2007		2008		2008		2008		Change			Change			2007		2008		Change
WRITTEN PREMIUMS [1]
Property	$	44	$	36	$	24	$	30	$	30		(32	%)		—		$	144	$	84		(42	%)
Casualty		119		103		159		135		134		13	%		(1	%)		431		428		(1	%)
Professional Liability, Fidelity and Surety		173		179		152		176		178		3	%		1	%		510		506		(1	%)
Other		20		19		22		21		19		(5	%)		(10	%)		62		62		—
Total	$	356	$	337	$	357	$	362	$	361		1	%		—		$	1,147	$	1,080		(6	%)
EARNED PREMIUMS [1]
Property	$	52	$	49	$	44	$	40	$	35		(33	%)		(13	%)	$	153	$	119		(22	%)
Casualty		130		134		132		132		131		1	%		(1	%)		409		395		(3	%)
Professional Liability, Fidelity and Surety		176		171		170		169		173		(2	%)		2	%		514		512		—
Other		19		22		21		21		19		—			(10	%)		63		61		(3	%)
Total	$	377	$	376	$	367	$	362	$	358		(5	%)		(1	%)	$	1,139	$	1,087		(5	%)

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

PC-12

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	2		$	2		$	2		$	2		$	1			(50	%)		(50	%)	$	3		$	5			67	%
Change in unearned premium reserve		—			—			1			—			—			—			—			—			1			—
Earned premiums		2			2			1			2			1			(50	%)		(50	%)		3			4			33	%
Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—			—			—			—
Prior accident years [1]		39			20			15			55			56			44	%		2	%		173			126			(27	%)
Total losses and loss adjustment expenses		39			20			15			55			56			44	%		2	%		173			126			(27	%)
Underwriting expenses		6			5			5			5			6			—			20	%		17			16			(6	%)
Underwriting results	$	(43	)	$	(23	)	$	(19	)	$	(58	)	$	(61	)		(42	%)		(5	%)	$	(187	)	$	(138	)		26	%
Net investment income		61			64			55			57			50			(18	%)		(12	%)		184			162			(12	%)
Other expenses		(1	)		2			(2	)		—			1		NM				—			(3	)		(1	)		67	%
Income tax (expense) benefit		(3	)		(11	)		(8	)		3			6		NM				100	%		12			1			(92	%)
Core earnings		14			32			26			2			(4	)	NM			NM				6			24		NM
Add: Net realized capital (losses) gains, after-tax		(2	)		(6	)		(12	)		1			(104	)	NM			NM				(2	)		(115	)	NM
Net income (loss)	$	12		$	26		$	14		$	3		$	(108	)	NM			NM			$	4		$	(91	)	NM

[1] The three months ended September 30, 2007 included environmental reserve strengthening of $25. The three months ended June 30, 2008 included net asbestos reserve strengthening of $50. The three months ended September 30, 2008 included environmental reserve strengthening of $53.

PC-13

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

For the Three Months Ended September 30, 2008	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,967		$	237		$	1,803		$	4,007
Losses and loss adjustment expenses incurred		3			53			—			56
Losses and loss adjustment expenses paid		(35	)		(9	)		(59	)		(103	)
Ending liability — net [2] [3]		$1,935	[4]	$	281		$	1,744		$	3,960

For the Nine Months Ended September 30, 2008	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,998		$	251		$	1,888		$	4,137
Losses and loss adjustment expenses incurred		59			53			14			126
Losses and loss adjustment expenses paid		(122	)		(23	)		(158	)		(303	)
Ending liability — net [2] [3]		$1,935	[4]	$	281		$	1,744		$	3,960

[1]	“All Other” also includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.
[2]	Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $15 and $6, respectively, as of September 30, 2008, $12 and $6, respectively, as of June 30, 2008, and $9 and $6, respectively, as of December 31, 2007. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three and nine months ended September 30, 2008 includes $5 and $13, respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three and nine months ended September 30, 2008 includes $2 and $7, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,625 and $323, respectively, as of September 30, 2008, $2,676 and $271, respectively, as of June 30, 2008, and $2,707 and $290, respectively, as of December 31, 2007.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $237 and $277, respectively, resulting in a one year net survival ratio of 8.2 and a three year net survival ratio of 7.0. Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e., survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

THE HARTFORD FINANCIAL SERVICES COMPANY
PROPERTY & CASUALTY
SUMMARY OF GROSS ENVIRONMENTAL RESERVES

	As of September 30, 2008
	Number of		Total
	Accounts [1]		Reserves
Accounts with future exposure > $2.5		9	$	44
Accounts with future exposure < $2.5		565		100
Other Direct [2]		—		62
Total		574	$	206
Assumed Reinsurance				61
London Market				56
Total Gross Environmental Reserves [3] [4]			$	323

[1]	Number of accounts established as of June 2008.
[2]	Includes unallocated IBNR.
[3]	The one-year gross paid amount for total environmental claims is $47, resulting in a one-year gross survival ratio of 6.9.
[4]	The three-year average annual gross paid amount for total environmental claims is $96, resulting in a three-year gross survival ratio of 3.4.

PC-15

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

	Asbestos [1]					Environmental [1]
	Paid			Incurred		Paid			Incurred
For the Three Months Ended September 30, 2008	Losses & LAE			Losses & LAE		Losses & LAE			Losses & LAE
Gross
Direct	$	28		$	—	$	9		$	69
Assumed — Domestic		17			—		—			(17	)
London Market		10			—		1			13
Total		55			—		10			65
Ceded		(20	)		3		(1	)		(12	)
Net	$	35		$	3	$	9		$	53

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Nine Months Ended September 30, 2008	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
Gross
Direct	$	97		$	76		$	23		$	69
Assumed — Domestic		51			—			5			(17	)
London Market		16			—			3			13
Total		164			76			31			65
Ceded		(42	)		(17	)		(8	)		(12	)
Net	$	122		$	59		$	23		$	53

[1]	Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations.
	Total gross loss and LAE incurred in Ongoing Operations for the three and nine months ended September 30, 2008 includes $4 and $12, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and nine months ended September 30, 2008 includes $3 and $7, respectively, related to asbestos and environmental claims.

PC-16

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

	For the Three Months Ended September 30, 2008
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 7/1/08 — gross	$	2,091		$	3,619		$	4,791		$	6,888		$	17,389		$	4,926		$	22,315
Reinsurance and other recoverables		62			191			431			2,164			2,848			919			3,767
Liabilities for unpaid losses and loss adjustment expenses at 7/1/08 — net		2,029			3,428			4,360			4,724			14,541			4,007			18,548
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		634			380			377			247			1,638			—			1,638
Current accident year catastrophes		168			49			64			44			325			—			325
Prior accident years		(9	)		(46	)		(17	)		2			(70	)		56			(14	)
Total provision for unpaid losses and loss adjustment expenses		793			383			424			293			1,893			56			1,949
Payments		(704	)		(354	)		(357	)		(135	)		(1,550	)		(103	)		(1,653	)
Liabilities for unpaid losses and loss adjustment expenses at 9/30/08 — net		2,118			3,457			4,427			4,882			14,884			3,960			18,844
Reinsurance and other recoverables		87			189			423			2,158			2,857			904			3,761
Liabilities for unpaid losses and loss adjustment expenses at 9/30/08 — gross	$	2,205		$	3,646		$	4,850		$	7,040		$	17,741		$	4,864		$	22,605
Earned premiums	$	978		$	678		$	553		$	358		$	2,567		$	1		$	2,568
Loss and loss expense paid ratio		71.9			52.4			64.3			37.3			60.3
Loss and loss expense incurred ratio		81.1			56.5			76.5			81.7			73.7
Prior accident year development (pts.)		(0.9	)		(6.8	)		(3.2	)		0.5			(2.8	)

PC-17

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

	For the Nine Months Ended September 30, 2008
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/08 — gross	$	2,042		$	3,470		$	4,687		$	6,883		$	17,082		$	5,071		$	22,153
Reinsurance and other recoverables		81			177			413			2,317			2,988			934			3,922
Liabilities for unpaid losses and loss adjustment expenses at 1/1/08 — net		1,961			3,293			4,274			4,566			14,094			4,137			18,231
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		1,914			1,130			1,118			740			4,902			—			4,902
Current accident year catastrophes		295			93			106			52			546			—			546
Prior accident years		(16	)		(50	)		(55	)		(39	)		(160	)		126			(34	)
Total provision for unpaid losses and loss adjustment expenses		2,193			1,173			1,169			753			5,288			126			5,414
Payments		(2,036	)		(1,009	)		(1,016	)		(437	)		(4,498	)		(303	)		(4,801	)
Liabilities for unpaid losses and loss adjustment expenses at 9/30/08 — net		2,118			3,457			4,427			4,882			14,884			3,960			18,844
Reinsurance and other recoverables		87			189			423			2,158			2,857			904			3,761
Liabilities for unpaid losses and loss adjustment expenses at 9/30/08 — gross	$	2,205		$	3,646		$	4,850		$	7,040		$	17,741		$	4,864		$	22,605
Earned premiums	$	2,941		$	2,048		$	1,688		$	1,087		$	7,764		$	4		$	7,768
Loss and loss expense paid ratio		69.2			49.2			60.1			40.1			57.9
Loss and loss expense incurred ratio		74.6			57.2			69.2			69.3			68.1
Prior accident year development (pts.)		(0.6	)		(2.4	)		(3.3	)		(3.6	)		(2.1	)

PC-18

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

	September 30,			December 31,
	2008			2007
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	279		$	347
Unpaid Loss and Loss Adjustment Expenses		3,681			3,788
Subtotal Gross Reinsurance Recoverables		3,960			4,135
Less: Allowance for Uncollectible Reinsurance		(388	)		(404	)
Net Reinsurance Recoverables	$	3,572		$	3,731

Distribution of Gross Reinsurance Recoverables

	As of December 31, 2007
	Amount			% of Total
Gross Reinsurance Recoverables	$	4,135
Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(635	)
Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	3,500
Rated A- (Excellent) or better by A.M. Best [1]	$	2,614			74.7	%
Other Rated by A.M. Best		90			2.6	%
Total Rated Companies		2,704			77.3	%
Voluntary Pools		195			5.6	%
Captives		231			6.6	%
Other Not Rated Companies		370			10.5	%
Total	$	3,500			100.0	%

[1] Based on A.M. Best ratings as of December 31, 2007

PC-19

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Earned premiums	$	2,628		$	2,623		$	2,614		$	2,586		$	2,568			(2	%)		(1	%)	$	7,873		$	7,768			(1	%)
Net investment income [1]		407			421			365			391			335			(18	%)		(14	%)		1,266			1,091			(14	%)
Other revenues		126			128			120			125			132			5	%		6	%		368			377			2	%
Net realized capital losses		(75	)		(96	)		(152	)		(51	)		(1,428	)	NM			NM				(76	)		(1,631	)	NM
Total revenues		3,086			3,076			2,947			3,051			1,607			(48	%)		(47	%)		9,431			7,605			(19	%)
Losses and loss adjustment expenses [2]		1,755			1,667			1,639			1,826			1,949			11	%		7	%		5,250			5,414			3	%
Amortization of deferred policy acquisition costs		525			523			523			521			523			—			—			1,581			1,567			(1	%)
Insurance operating costs and expenses [3]		166			222			153			189			201			21	%		6	%		494			543			10	%
Other expenses		174			184			180			182			175			1	%		(4	%)		509			537			6	%
Total benefits and expenses		2,620			2,596			2,495			2,718			2,848			9	%		5	%		7,834			8,061			3	%
Income (loss) before income taxes		466			480			452			333			(1,241	)	NM			NM				1,597			(456	)	NM
Income tax expense (benefit)		113			131			126			84			(467	)	NM			NM				439			(257	)	NM
Net income (loss)		353			349			326			249			(774	)	NM			NM				1,158			(199	)	NM
Less: Net realized capital losses, after-tax, excluded from core earnings		(52	)		(65	)		(100	)		(34	)		(930	)	NM			NM				(57	)		(1,064	)	NM
Core earnings	$	405		$	414		$	426		$	283		$	156			(61	%)		(45	%)	$	1,215		$	865			(29	%)
Total Property & Casualty effective tax rate — net income		24.2	%		27.4	%		27.9	%		25.1	%		37.6	%		13.4			12.5			27.5	%		56.3	%		28.8
Total Property & Casualty effective tax rate — core earnings		25.8	%		28.7	%		29.7	%		26.4	%		17.6	%		(8.2	)		(8.8	)		27.8	%		26.7	%		(1.1	)

[1]	The decrease in net investment income for the three and nine months ended September 30, 2008 was primarily driven by lower returns on limited partnerships and other alternative investments, largely due to lower returns on hedge funds and real estate partnerships.
[2]	The nine months ended September 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended December 31, 2007 included $110 of prior accident year reserve releases related to Small Commercial workers’ compensation claims. The three months ended December 31, 2007 included current accident year reserve strengthening of $13, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims. The three and nine months ended September 30, 2008 included prior accident year reserve releases of $48 and $106, respectively, related to Small Commercial and Middle Market workers’ compensation claims.
[3]	Included in insurance operating costs and expenses for the three months ended December 31, 2007, June 30, 2008 and September 30, 2008 were increases of $20, $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association, primarily related to hurricane Ike.

PC-20

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

	AS OF														Year Over
	Sept. 30,		Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			Year			Sequential
	2007		2007			2008			2008			2008			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	27,247	$	27,205		$	25,683		$	25,234		$	23,727			(13	%)		(6	%)
Equity securities, available for sale, at fair value		1,071		1,208			1,162			1,327			741			(31	%)		(44	%)
Mortgage loans		685		671			682			747			762			11	%		2	%
Limited partnerships and other alternative investments [1]		1,179		1,260			1,290			1,398			1,407			19	%		1	%
Short term investments		170		284			711			1,073			827		NM				(23	%)
Other investments		38		38			58			58			62			63	%		7	%
Total investments		30,390		30,666			29,586			29,837			27,526			(9	%)		(8	%)
Cash		183		241			232			241			278			52	%		15	%
Premiums receivable and agents’ balances		3,363		3,254			3,281			3,233			3,237			(4	%)		—
Reinsurance recoverables		3,928		3,731			3,611			3,613			3,572			(9	%)		(1	%)
Deferred policy acquisition costs		1,223		1,228			1,233			1,246			1,260			3	%		1	%
Deferred income tax		633		662			947			1,013			1,819			187	%		80	%
Goodwill		149		149			149			149			149			—			—
Property and equipment, net		569		598			601			639			658			16	%		3	%
Other assets		1,462		1,312			1,318			1,194			1,460			—			22	%
Total assets	$	41,900	$	41,841		$	40,958		$	41,165		$	39,959			(5	%)		(3	%)
Unpaid losses and loss adjustment expenses	$	22,197	$	22,153		$	22,150		$	22,315		$	22,605			2	%		1	%
Unearned premiums		5,540		5,402			5,388			5,372			5,363			(3	%)		—
Debt		—		13			11			—			—			—			—
Other liabilities		4,883		4,855			4,589			4,647			4,729			(3	%)		2	%
Total liabilities		32,620		32,423			32,138			32,334			32,697			—			1	%
Equity, x-AOCI, net of tax		9,214		9,428			9,372			9,536			8,364			(9	%)		(12	%)
AOCI, net of tax		66		(10	)		(552	)		(705	)		(1,102	)	NM				(56	%)
Total stockholders’ equity		9,280		9,418			8,820			8,831			7,262			(22	%)		(18	%)
Total liabilities and stockholders’ equity	$	41,900	$	41,841		$	40,958		$	41,165		$	39,959			(5	%)		(3	%)
Hartford Fire NAIC RBC				606	%

[1] Other alternative investments include hedge fund investments outside limited partnerships and real estate joint ventures.

PC-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ADJUSTED STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	Jun. 30, 2008			Dec. 31, 2007
Adjusted Statutory Capital and Surplus	$	8,319		$	8,509
GAAP Adjustments
Deferred policy acquisition costs		1,246			1,228
Deferred taxes		(400	)		(304	)
Benefit reserves		(95	)		(100	)
Unrealized losses on investments		(718	)		(16	)
Goodwill		149			149
Non-admitted assets		1,321			1,085
Other, net		(991	)		(1,133	)
GAAP Stockholders’ Equity	$	8,831		$	9,418

PC-22

INVESTMENTS

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	1,048		$	1,051		$	992		$	936		$	949			(9	%)		1	%	$	3,054		$	2,877			(6	%)
Tax-exempt		137			141			142			141			141			3	%		—			407			424			4	%
Total fixed maturities		1,185			1,192			1,134			1,077			1,090			(8	%)		1	%		3,461			3,301			(5	%)
Equities
Available-for-sale		36			41			46			51			34			(6	%)		(33	%)		98			131			34	%
Held for trading		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total equities		(662	)		(560	)		(3,532	)		1,204			(3,381	)	NM			NM				844			(5,709	)	NM
Mortgage loans		79			81			79			83			82			4	%		(1	%)		212			244			15	%
Policy loans		32			33			33			34			34			6	%		—			102			101			(1	%)
Limited partnerships and other alternative investments [2]		42			40			(36	)		25			(101	)	NM			NM				215			(112	)	NM
Other [3]		(51	)		(53	)		(44	)		(12	)		(10	)		80	%		17	%		(108	)		(66	)		39	%
Subtotal		625			733			(2,366	)		2,411			(2,286	)	NM			NM				4,726			(2,241	)	NM
Less: Investment expense		25			27			19			28			26			4	%		(7	%)		73			73			—
Total net investment income (loss)	$	600		$	706		$	(2,385	)	$	2,383		$	(2,312	)	NM			NM			$	4,653		$	(2,314	)	NM
Less: Securities held for trading		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total net investment income excluding trading securities	$	1,298		$	1,307		$	1,193		$	1,230		$	1,103			(15	%)		(10	%)	$	3,907		$	3,526			(10	%)
Annualized investment yield, before-tax [4]		5.8	%		5.8	%		5.2	%		5.3	%		4.7	%		(1.1	)		(1.1	)		6.0	%		5.1	%		(0.9	)
Annualized investment yield, after-tax [4]		4.0	%		4.0	%		3.6	%		3.6	%		3.2	%		(0.8	)		(0.8	)		4.1	%		3.5	%		(0.6	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	56		$	120		$	95		$	73		$	58			4	%		(21	%)	$	254		$	226			(11	%)
Gross losses on sale		(81	)		(56	)		(211	)		(59	)		(175	)		(116	%)		(197	%)		(235	)		(445	)		(89	%)
Impairments [5]		(110	)		(318	)		(304	)		(164	)		(3,077	)	NM			NM				(165	)		(3,545	)	NM
Japanese fixed annuity contract hedges, net [6]		15			15			(14	)		(9	)		36			140	%	NM				3			13		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(4	)		(2	)		(5	)		(10	)		(6	)		(50	%)		40	%		(23	)		(21	)		9	%
SFAS 157 transition impact [8]		—			—			(650	)		—			—			—			—			—			(650	)		—
GMWB derivatives, net [9]		(141	)		(34	)		(110	)		(13	)		(133	)		6	%	NM				(252	)		(256	)		(2	%)
Other net gain (loss) [10]		(98	)		(154	)		(172	)		(100	)		(152	)		(55	%)		(52	%)		(147	)		(424	)		(188	%)
Total net realized capital gains (losses)	$	(363	)	$	(429	)	$	(1,371	)	$	(282	)	$	(3,449	)	NM			NM			$	(565	)	$	(5,102	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities held for trading, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[5]	Includes $785 for three and nine months ended September 30, 2008 of financial services securities which we do not anticipate substantial recovery due to bankruptcy or financial restructurings. Also includes $535 and $771 for three and nine months ended September 30, 2008, respectively, of structured securities impaired based primarily upon the results of cash flow modeling. For almost all of these structured securities, we are currently receiving principal and interest payments in accordance with contractual terms. For the remaining impairments, the Company expects to recover principal and interest in accordance with the contractual terms of the security.
[6]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[7]	Included in core earnings.
[8]	Includes SFAS 157 implementation losses of $616, $10 and $24 related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[9]	The net loss on GMWB rider embedded derivatives for the three and nine months ended September 30, 2008 was primarily related to liability model assumption updates for mortality in the first quarter and market-based hedge ineffectiveness in the third quarter due to extremely volatile capital markets in September.
[10]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses of $46 resulting from counterparty non-performance.

I-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	762		$	769		$	723		$	679		$	686			(10	%)		1	%	$	2,220		$	2,088			(6	%)
Tax-exempt		32			32			32			32			32			—			—			93			96			3	%
Total fixed maturities		794			801			755			711			718			(10	%)		1	%		2,313			2,184			(6	%)
Equities
Available-for-sale		23			23			25			31			17			(26	%)		(45	%)		63			73			16	%
Held for trading		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total equities		(675	)		(578	)		(3,553	)		1,184			(3,398	)	NM			NM				809			(5,767	)	NM
Mortgage loans		68			71			69			74			71			4	%		(4	%)		184			214			16	%
Policy loans		32			33			33			34			34			6	%		—			102			101			(1	%)
Limited partnerships and other alternative investments [2]		23			14			(17	)		9			(59	)	NM			NM				101			(67	)	NM
Other [3]		(39	)		(43	)		(32	)		(9	)		(3	)		92	%		67	%		(90	)		(44	)		51	%
Subtotal		203			298			(2,745	)		2,003			(2,637	)	NM			NM				3,419			(3,379	)	NM
Less: Investment expense		18			21			14			21			19			6	%		(10	%)		54			54			—
Total net investment income (loss)	$	185		$	277		$	(2,759	)	$	1,982		$	(2,656	)	NM			NM			$	3,365		$	(3,433	)	NM
Less: Securities held for trading		(698	)		(601	)		(3,578	)		1,153			(3,415	)	NM			NM				746			(5,840	)	NM
Total net investment income excluding trading securities	$	883		$	878		$	819		$	829		$	759			(14	%)		(8	%)	$	2,619		$	2,407			(8	%)
Annualized investment yield, before-tax [4]		6.0	%		5.8	%		5.3	%		5.3	%		4.8	%		(1.2	)		(0.5	)		6.0	%		5.2	%		(0.8	)
Annualized investment yield, after-tax [4]		4.0	%		3.9	%		3.5	%		3.6	%		3.2	%		(0.8	)		(0.3	)		4.0	%		3.4	%		(0.6	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	25		$	80		$	43		$	41		$	44			76	%		7	%	$	133		$	128			(4	%)
Gross losses on sale		(45	)		(31	)		(110	)		(45	)		(89	)		(98	%)		(98	%)		(137	)		(244	)		(78	%)
Impairments [5]		(75	)		(249	)		(231	)		(124	)		(1,760	)	NM			NM				(109	)		(2,115	)	NM
Japanese fixed annuity contract hedges, net [6]		15			15			(14	)		(9	)		36			140	%	NM				3			13		NM
Periodic net coupon settlements on credit derivatives/Japan [7]		(9	)		(6	)		(7	)		(11	)		(8	)		11	%		27	%		(34	)		(26	)		24	%
SFAS 157 transition impact [8]		—			—			(650	)		—			—			—			—			—			(650	)		—
GMWB derivatives, net [9]		(141	)		(34	)		(110	)		(13	)		(133	)		6	%	NM				(252	)		(256	)		(2	%)
Other net gain (loss) [10]		(58	)		(108	)		(141	)		(67	)		(102	)		(76	%)		(52	%)		(90	)		(310	)	NM
Total net realized capital gains (losses)	$	(288	)	$	(333	)	$	(1,220	)	$	(228	)	$	(2,012	)	NM			NM			$	(486	)	$	(3,460	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes real estate joint ventures.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities held for trading, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[5]	Includes $431 for three and nine months ended September 30, 2008 of financial services securities which we do not anticipate substantial recovery due to bankruptcy or financial restructurings. Also includes $347 and $553 for three and nine months ended September 30, 2008, respectively, of structured securities impaired based primarily upon the results of cash flow modeling. For almost all of these structured securities, we are currently receiving principal and interest payments in accordance with contractual terms. For the remaining impairments, the Company expects to recover principal and interest in accordance with the contractual terms of the security.
[6]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[7]	Included in core earnings.
[8]	Includes SFAS 157 implementation losses of $616, $10 and $24 related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[9]	The net loss on GMWB rider embedded derivatives for the three and nine months ended September 30, 2008 was primarily related to liability model assumption updates for mortality in the first quarter and market-based hedge ineffectiveness in the third quarter due to extremely volatile capital markets in September.
[10]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses of $39 resulting from counterparty non-performance.

I-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	278		$	276		$	261		$	248		$	255			(8	%)		3	%	$	812		$	764			(6	%)
Tax-exempt		105			109			110			109			109			4	%		—			314			328			4	%
Total fixed maturities		383			385			371			357			364			(5	%)		2	%		1,126			1,092			(3	%)
Equities — available-for-sale		12			16			20			19			17			42	%		(11	%)		34			56			65	%
Mortgage loans		11			10			10			9			11			—			22	%		28			30			7	%
Limited partnerships and other alternative investments [2]		19			26			(19	)		16			(42	)	NM			NM				114			(45	)	NM
Other [3]		(11	)		(10	)		(12	)		(3	)		(8	)		27	%		(167	%)		(17	)		(23	)		(35	%)
Subtotal		414			427			370			398			342			(17	%)		(14	%)		1,285			1,110			(14	%)
Less: Investment expense		7			6			5			7			7			—			—			19			19			—
Total net investment income (loss)	$	407		$	421		$	365		$	391		$	335			(18	%)		(14	%)	$	1,266		$	1,091			(14	%)
Annualized investment yield, before-tax [4]		5.6	%		5.8	%		5.0	%		5.3	%		4.6	%		(1.0	)		(0.4	)		5.9	%		4.9	%		(1.0	)
Annualized investment yield, after-tax [4]		4.1	%		4.3	%		3.7	%		3.9	%		3.4	%		(0.7	)		(0.3	)		4.4	%		3.7	%		(0.7	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	31		$	38		$	52		$	31		$	12			(61	%)		(61	%)	$	121		$	95			(21	%)
Gross losses on sale		(36	)		(23	)		(100	)		(13	)		(82	)		(128	%)	NM				(98	)		(195	)		(99	%)
Impairments [5]		(35	)		(69	)		(73	)		(40	)		(1,312	)	NM			NM				(56	)		(1,425	)	NM
Periodic net coupon settlements on credit derivatives [6]		5			4			2			1			2			(60	%)		100	%		11			5			(55	%)
Other net gain (loss) [7]		(40	)		(46	)		(33	)		(30	)		(48	)		(20	%)		(60	%)		(54	)		(111	)		(106	%)
Total net realized capital gains (losses)	$	(75	)	$	(96	)	$	(152	)	$	(51	)	$	(1,428	)	NM			NM			$	(76	)	$	(1,631	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding collateral received associated with the securities lending program.
[5]	Includes $351 for three and nine months ended September 30, 2008 of financial services securities which we do not anticipate substantial recovery due to bankruptcy or financial restructurings. Also includes $188 and $218 for three and nine months ended September 30, 2008, respectively, of structured securities impaired based primarily upon the results of cash flow modeling. For almost all of these structured securities, we are currently receiving principal and interest payments in accordance with contractual terms. For the remaining impairments, the Company expects to recover principal and interest in accordance with the contractual terms of the security.
[6]	Included in core earnings.
[7]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses of $7 resulting from counterparty non-performance.

I-3

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			NINE MONTHS ENDED
	Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Sept. 30,			3 Month			3 Month			SEPTEMBER 30,
	2007			2007			2008			2008			2008			Change			Change			2007			2008			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	8		$	6		$	8		$	9		$	8			—			(11	%)	$	22		$	25			14	%
Total fixed maturities		8			6			8			9			8			—			(11	%)		22			25			14	%
Equities — available-for-sale		1			2			1			1			—			(100	%)		(100	%)		1			2			100	%
Other		(1	)		—			—			—			1		NM				—			(1	)		1		NM
Total net investment income	$	8		$	8		$	9		$	10		$	9			13	%		(10	%)		22		$	28			27	%
Net Realized Capital Gains (Losses)
Gross gains on sale		—			2			—			1			2			—			100	%		—			3			—
Gross losses on sale		—			(2	)		(1	)		(1	)		(4	)		—		NM				—			(6	)		—
Impairments [2]		—			—			—			—			(5	)		—			—			—			(5	)		—
Other net gain (loss) [3]		—			—			2			(3	)		(2	)		—			33	%		(3	)		(3	)		—
Total net realized capital gains (losses)	$	—		$	—		$	1		$	(3	)	$	(9	)		—		NM			$	(3	)	$	(11	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes $3 for three and nine months ended September 30, 2008 of financial services securities which we do not anticipate substantial recovery due to bankruptcy or financial restructurings. For the remaining impairments, the Company expects to recover principal and interest in accordance with the contractual terms of the security.
[3]	Primarily consists of changes in fair value on non-qualifying derivatives.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
THREE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007

	Life									P&C									Corporate							Consolidated
	2007			2008			Change			2007			2008			Change			2007		2008			Change		2007			2008			Change
Gains/losses on sales, net		(15	)		(33	)		(120	%)		(3	)		(46	)	NM				—		(1	)		—		(18	)		(80	)	NM
Impairments		(39	)		(1,135	)	NM				(23	)		(853	)	NM				—		(3	)		—		(62	)		(1,991	)	NM
Japanese fixed annuity contract hedges, net [1]		10			23			130	%		—			—			—			—		—			—		10			23			130	%
Periodic net coupon settlements on credit derivatives/Japan [2]		(5	)		(5	)		—			3			1			(67	%)		—		—			—		(2	)		(4	)		(100	%)
GMWB derivatives, net [3]		(69	)		(57	)		17	%		—			—			—			—		—			—		(69	)		(57	)		17	%
Other net gain (loss) [4]		(45	)		(70	)		(56	%)		(26	)		(31	)		(19	%)		—		(1	)		—		(71	)		(102	)		(44	%)
Total net realized capital gains (losses)	$	(163	)	$	(1,277	)	NM			$	(49	)	$	(929	)	NM			$	—	$	(5	)		—	$	(212	)	$	(2,211	)	NM

[1]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[2]	Included in core earnings.
[3]	The net loss on GMWB rider embedded derivatives for the three and nine months ended September 30, 2008 was primarily related to liability model assumption updates for mortality in the first quarter and market-based hedge ineffectiveness in the third quarter due to extremely volatile capital markets in September.
[4]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses resulting from counterparty non-performance.

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007

	Life									P&C									Corporate								Consolidated
	2007			2008			Change			2007			2008			Change			2007			2008			Change		2007			2008			Change
Gains/losses on sales, net		(5	)		(73	)	NM				15			(66	)	NM				—			(2	)		—		10			(141	)	NM
Impairments		(62	)		(1,341	)	NM				(37	)		(926	)	NM				—			(3	)		—		(99	)		(2,270	)	NM
Japanese fixed annuity contract hedges, net [1]		2			8		NM				—			—			—			—			—			—		2			8		NM
Periodic net coupon settlements on credit derivatives/Japan [2]		(21	)		(17	)		19	%		7			3			(57	%)		—			—			—		(14	)		(14	)		—
SFAS 157 transition impact [3]		—			(220	)		—			—			—			—			—			—			—		—			(220	)		—
GMWB derivatives, net [4]		(123	)		(104	)		15	%		—			—			—			—			—			—		(123	)		(104	)		15	%
Other net gain (loss) [5]		(69	)		(200	)		(190	%)		(35	)		(72	)		(106	%)		(2	)		(2	)		—		(106	)		(274	)		(158	%)
Total net realized capital gains (losses)	$	(278	)	$	(1,947	)	NM			$	(50	)	$	(1,061	)	NM			$	(2	)	$	(7	)	NM		$	(330	)	$	(3,015	)	NM

[1]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[2]	Included in core earnings.
[3]	Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[4]	The net loss on GMWB rider embedded derivatives for the three and nine months ended September 30, 2008 was primarily related to liability model assumption updates for mortality in the first quarter and market-based hedge ineffectiveness in the third quarter due to extremely volatile capital markets in September.
[5]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses. The net loss for the three and nine months ended September 30, 2008 included derivative related losses resulting from counterparty non-performance.

I-6

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

	September 30,					December 31,					March 31,					June 30,						September 30,
	2007					2007					2008					2008					2008
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent				Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	80,960		62.7	%	$	80,055		61.1	%	$	76,611		58.3	%	$	75,068		57.1	%		$	70,091		56.8	%
Equity securities, at fair value
Available-for-sale [2]		2,449		1.9	%		2,595		2.0	%		2,463		1.9	%		2,619		2.0	%			1,730		1.4	%
Held for trading [3]		34,901		27.0	%		36,182		27.6	%		37,406		28.5	%		36,853		28.0	%			33,655		27.3	%
Total equity securities, at fair value		37,350		28.9	%		38,777		29.6	%		39,869		30.3	%		39,472		30.0	%			35,385		28.7	%
Policy loans, at outstanding balance		2,050		1.6	%		2,061		1.5	%		2,118		1.6	%		2,146		1.6	%			2,159		1.7	%
Mortgage loans, at cost		5,236		4.0	%		5,410		4.1	%		5,503		4.2	%		5,882		4.5	%			6,222		5.0	%
Limited partnerships and other alternative investments [4]		2,317		1.8	%		2,566		2.0	%		2,619		2.0	%		2,805		2.1	%			2,817		2.3	%
Short-term [5]		858		0.7	%		1,602		1.2	%		3,568		2.7	%		5,127		3.9	%			5,353		4.3	%
Other investments [6]		363		0.3	%		615		0.5	%		1,187		0.9	%		993		0.8	%			1,410		1.2	%
Total investments	$	129,134		100.0	%	$	131,086		100.0	%	$	131,475		100.0	%	$	131,493		100.0	%		$	123,437		100.0	%
Less: Equity securities held for trading		34,901		27.0	%		36,182		27.6	%		37,406		28.5	%		36,853		28.0	%			33,655		27.3	%
Total investments excluding trading securities	$	94,233		73.0	%	$	94,904		72.4	%	$	94,069		71.5	%	$	94,640		72.0	%		$	89,782		72.7	%
HIMCO managed third party accounts	$	8,430				$	10,872				$	9,705				$	9,216					$	9,058
Asset-backed securities (“ABS”)	$	9,294		11.5	%	$	8,915		11.1	%	$	8,374		10.9	%	$	8,182		10.9	%		$	7,624		10.9	%
Commercial mortgage-backed securities (“CMBS”)		18,133		22.4	%		17,031		21.3	%		15,056		19.6	%		14,028		18.7	%			12,282		17.5	%
Collateralized mortgage obligation (“CMO”)		1,778		2.2	%		1,745		2.2	%		1,534		2.0	%		1,326		1.8	%			1,235		1.8	%
Corporate		34,153		42.2	%		34,198		42.7	%		34,027		44.4	%		34,381		45.7	%			31,532		45.0	%
Government/Government agencies — Foreign		1,039		1.3	%		1,053		1.3	%		1,048		1.4	%		979		1.3	%			875		1.2	%
Government/Government agencies — U.S.		950		1.2	%		855		1.1	%		1,350		1.8	%		1,383		1.8	%			1,852		2.6	%
Mortgage-backed securities (“MBS”) — agency		2,776		3.4	%		2,763		3.5	%		2,290		3.0	%		2,372		3.2	%			2,722		3.9	%
Municipal — taxable		1,302		1.6	%		1,386		1.7	%		1,374		1.8	%		1,017		1.4	%			1,029		1.5	%
Municipal — tax-exempt		11,528		14.2	%		12,103		15.1	%		11,558		15.1	%		11,400		15.2	%			10,940		15.6	%
Redeemable preferred stock		7		—			6		—			—		—			—		—				—		—
Total fixed maturities [1]	$	80,960		100.0	%	$	80,055		100.0	%	$	76,611		100.0	%	$	75,068		100.0	%		$	70,091		100.0	%
AAA	$	28,781		35.6	%	$	28,318		35.4	%	$	24,418		31.9	%	$	19,238		25.6	%		$	17,613		25.1	%
AA		11,266		13.9	%		10,999		13.7	%		10,932		14.3	%		13,717		18.3	%			12,410		17.7	%
A		16,498		20.4	%		17,030		21.3	%		17,325		22.6	%		18,344		24.4	%			17,069		24.3	%
BBB		15,501		19.1	%		14,974		18.7	%		15,319		20.0	%		14,909		19.9	%			13,794		19.7	%
U.S. Government/Government agencies		5,383		6.6	%		5,229		6.5	%		5,071		6.6	%		5,005		6.7	%			5,785		8.3	%
BB & below		3,531		4.4	%		3,505		4.4	%		3,546		4.6	%		3,855		5.1	%			3,420		4.9	%
Total fixed maturities [1]	$	80,960		100.0	%	$	80,055		100.0	%	$	76,611		100.0	%	$	75,068		100.0	%		$	70,091		100.0	%

[1]	Includes $425, $308, $313, $151, and $72 in Corporate at September 30, 2007, December 31, 2007, March 31, 2008, June 30, 2008, and September 2008, respectively, of which $395, $303, $208, $126, and $51 respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	Includes $71, $103, $99, $98, and $81 in Corporate at September 30, 2007, December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008, respectively.
[3]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[4]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[5]	Includes $59, $160, $1,050, $1,298, and $733 in Corporate at September 30, 2007, December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008, respectively, of which $52, $154, $1,046, $1,261, and $692, respectively, were investments held by The Hartford Financial Services Group, Inc.
[6]	Primarily relates to derivative instruments. Additionally, includes $38, $43, $43, $41, and $40 in Corporate at September 30, 2007, December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008, respectively.

I-7

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

	September 30,					December 31,					March 31,					June 30,						September 30,
	2007					2007					2008					2008					2008
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent				Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	53,288		54.3	%	$	52,542		52.6	%	$	50,615		50.4	%	$	49,683		49.7	%		$	46,292		48.7	%
Equity securities, at fair value
Available-for-sale		1,307		1.3	%		1,284		1.3	%		1,202		1.2	%		1,194		1.2	%			908		1.0	%
Held for trading [1]		34,901		35.6	%		36,182		36.3	%		37,406		37.3	%		36,853		36.8	%			33,655		35.4	%
Total equity securities, at fair value		36,208		36.9	%		37,466		37.6	%		38,608		38.5	%		38,047		38.0	%			34,563		36.4	%
Policy loans, at outstanding balance		2,050		2.1	%		2,061		2.1	%		2,118		2.1	%		2,146		2.1	%			2,159		2.3	%
Mortgage loans, at cost		4,551		4.6	%		4,739		4.7	%		4,821		4.8	%		5,135		5.1	%			5,460		5.7	%
Limited partnerships and other alternative investments [2]		1,138		1.2	%		1,306		1.3	%		1,329		1.3	%		1,407		1.4	%			1,410		1.5	%
Short-term		629		0.6	%		1,158		1.2	%		1,807		1.8	%		2,756		2.8	%			3,793		4.0	%
Other investments [3]		287		0.3	%		534		0.5	%		1,086		1.1	%		894		0.9	%			1,308		1.4	%
Total investments	$	98,151		100.0	%	$	99,806		100.0	%	$	100,384		100.0	%	$	100,068		100.0	%		$	94,985		100.0	%
Less: Equity securities held for trading		34,901		35.6	%		36,182		36.3	%		37,406		37.3	%		36,853		36.8	%			33,655		35.4	%
Total investments excluding trading securities	$	63,250		64.4	%	$	63,624		63.7	%	$	62,978		62.7	%	$	63,215		63.2	%		$	61,330		64.6	%
ABS	$	7,877		14.8	%	$	7,556		14.4	%	$	6,948		13.7	%	$	6,920		13.9	%		$	6,453		13.9	%
CMBS		12,815		24.1	%		12,056		22.9	%		10,679		21.1	%		10,006		20.1	%			8,666		18.7	%
CMO		1,401		2.6	%		1,366		2.6	%		1,215		2.4	%		1,014		2.0	%			932		2.0	%
Corporate		24,295		45.6	%		24,583		46.8	%		24,739		48.9	%		25,131		50.6	%			23,292		50.3	%
Government/Government agencies — Foreign		577		1.1	%		571		1.1	%		563		1.1	%		537		1.1	%			493		1.1	%
Government/Government agencies — U.S.		733		1.4	%		616		1.2	%		994		2.0	%		1,048		2.1	%			1,466		3.2	%
MBS — agency		1,869		3.5	%		1,913		3.6	%		1,738		3.4	%		1,633		3.3	%			1,747		3.8	%
Municipal — taxable		1,141		2.1	%		1,244		2.4	%		1,219		2.4	%		883		1.8	%			890		1.9	%
Municipal — tax-exempt		2,577		4.8	%		2,634		5.0	%		2,520		5.0	%		2,511		5.1	%			2,353		5.1	%
Redeemable preferred stock		3		—			3		—			—		—			—		—				—		—
Total fixed maturities	$	53,288		100.0	%	$	52,542		100.0	%	$	50,615		100.0	%	$	49,683		100.0	%		$	46,292		100.0	%
AAA	$	17,058		32.0	%	$	16,638		31.6	%	$	14,630		28.9	%	$	12,386		24.9	%		$	11,242		24.3	%
AA		7,081		13.3	%		6,914		13.2	%		6,404		12.7	%		7,479		15.1	%			6,663		14.4	%
A		12,042		22.6	%		12,335		23.5	%		12,363		24.4	%		12,926		26.0	%			11,992		25.9	%
BBB		11,432		21.5	%		11,070		21.1	%		11,413		22.5	%		11,014		22.2	%			10,245		22.1	%
U.S. Government/Government agencies		3,791		7.1	%		3,668		7.0	%		3,755		7.4	%		3,533		7.1	%			4,036		8.7	%
BB & below		1,884		3.5	%		1,917		3.6	%		2,050		4.1	%		2,345		4.7	%			2,114		4.6	%
Total fixed maturities	$	53,288		100.0	%	$	52,542		100.0	%	$	50,615		100.0	%	$	49,683		100.0	%		$	46,292		100.0	%

[1]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[2]	Includes real estate joint ventures.
[3]	Primarily relates to derivative instruments.

I-8

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

	September 30,					December 31,					March 31,					June 30,						September 30,
	2007					2007					2008					2008					2008
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent				Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	27,247		89.6	%	$	27,205		88.8	%	$	25,683		86.8	%	$	25,234		84.6	%		$	23,727		86.2	%
Equity securities, available-for-sale, at fair value		1,071		3.5	%		1,208		3.9	%		1,162		3.9	%		1,327		4.4	%			741		2.7	%
Mortgage loans, at cost		685		2.3	%		671		2.2	%		682		2.3	%		747		2.5	%			762		2.8	%
Limited partnerships and other alternative investments [1]		1,179		3.9	%		1,260		4.1	%		1,290		4.4	%		1,398		4.7	%			1,407		5.1	%
Short-term		170		0.6	%		284		0.9	%		711		2.4	%		1,073		3.6	%			827		3.0	%
Other investments		38		0.1	%		38		0.1	%		58		0.2	%		58		0.2	%			62		0.2	%
Total investments	$	30,390		100.0	%	$	30,666		100.0	%	$	29,586		100.0	%	$	29,837		100.0	%		$	27,526		100.0	%
ABS	$	1,417		5.2	%	$	1,359		5.0	%	$	1,426		5.6	%	$	1,262		5.0	%		$	1,171		4.9	%
CMBS		5,318		19.5	%		4,975		18.3	%		4,377		17.0	%		4,022		16.0	%			3,616		15.2	%
CMO		377		1.4	%		379		1.4	%		319		1.2	%		312		1.3	%			303		1.3	%
Corporate		9,433		34.6	%		9,307		34.2	%		8,975		34.9	%		9,099		36.0	%			8,168		34.5	%
Government/Government agencies — Foreign		462		1.7	%		482		1.8	%		485		1.9	%		442		1.8	%			382		1.6	%
Government/Government agencies — U.S.		217		0.8	%		239		0.9	%		356		1.4	%		335		1.3	%			386		1.6	%
MBS — agency		907		3.3	%		850		3.1	%		552		2.2	%		739		2.9	%			975		4.1	%
Municipal — taxable		161		0.6	%		142		0.5	%		155		0.6	%		134		0.5	%			139		0.6	%
Municipal — tax-exempt		8,951		32.9	%		9,469		34.8	%		9,038		35.2	%		8,889		35.2	%			8,587		36.2	%
Redeemable preferred stock		4		—			3		—			—		—			—		—				—		—
Total fixed maturities	$	27,247		100.0	%	$	27,205		100.0	%	$	25,683		100.0	%	$	25,234		100.0	%		$	23,727		100.0	%
AAA	$	11,696		42.9	%	$	11,660		42.9	%	$	9,767		38.0	%	$	6,844		27.2	%		$	6,366		26.8	%
AA		3,961		14.6	%		3,915		14.4	%		4,354		17.1	%		6,144		24.3	%			5,701		24.0	%
A		4,318		15.8	%		4,586		16.9	%		4,865		18.9	%		5,374		21.3	%			5,057		21.3	%
BBB		4,058		14.9	%		3,895		14.3	%		3,885		15.1	%		3,890		15.4	%			3,548		15.0	%
U.S. Government/Government agencies		1,592		5.8	%		1,561		5.7	%		1,316		5.1	%		1,472		5.8	%			1,749		7.4	%
BB & below		1,622		6.0	%		1,588		5.8	%		1,496		5.8	%		1,510		6.0	%			1,306		5.5	%
Total fixed maturities	$	27,247		100.0	%	$	27,205		100.0	%	$	25,683		100.0	%	$	25,234		100.0	%		$	23,727		100.0	%

[1] Includes hedge fund investments outside of limited partnerships and real estate joint ventures.

I-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
CONSOLIDATED [1] [2]

	September 30, 2008							June 30, 2008							December 31, 2007
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	19,417	$	18,324	$	(1,093	)	$	17,888	$	17,259	$	(629	)	$	10,879	$	10,445	$	(434	)
Greater than three months to six months		8,280		7,575		(705	)		7,755		7,175		(580	)		11,857		10,954		(903	)
Greater than six months to nine months		5,899		5,047		(852	)		4,043		3,464		(579	)		10,086		9,354		(732	)
Greater than nine months to twelve months		5,175		4,151		(1,024	)		9,863		8,188		(1,675	)		2,756		2,545		(211	)
Greater than twelve months		20,710		16,576		(4,134	)		16,897		14,480		(2,417	)		10,563		10,071		(492	)
Total	$	59,481	$	51,673	$	(7,808	)	$	56,446	$	50,566	$	(5,880	)	$	46,141	$	43,369	$	(2,772	)
BIG [4] and Equity AFS [3] Securities
Three months or less	$	1,461	$	1,345	$	(116	)	$	1,974	$	1,810	$	(164	)	$	1,487	$	1,386	$	(101	)
Greater than three months to six months		348		294		(54	)		634		528		(106	)		1,181		1,026		(155	)
Greater than six months to nine months		259		229		(30	)		686		579		(107	)		687		613		(74	)
Greater than nine months to twelve months		284		225		(59	)		936		677		(259	)		188		173		(15	)
Greater than twelve months		813		603		(210	)		884		707		(177	)		386		349		(37	)
Total	$	3,165	$	2,696	$	(469	)	$	5,114	$	4,301	$	(813	)	$	3,929	$	3,547	$	(382	)

[1]	As of September 30, 2008, fixed maturities represented $7,696, or 99%, of the Company’s total unrealized loss of available-for-sale securities. The Company held no securities of a single issuer that were at an unrealized loss position in excess of 5% of the total unrealized loss amount as of September 30, 2008 and December 31, 2007. For a detailed discussion of the other than temporary impairment criteria, see “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2007 Form 10-K Annual Report.
[2]	Includes investments held in Corporate.
[3]	Represents available-for-sale (“AFS”) securities.
[4]	Represents below investment grade (“BIG”) securities.

I-10

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

	September 30, 2008							June 30, 2008							December 31, 2007
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	12,335	$	11,639	$	(696	)	$	11,596	$	11,175	$	(421	)	$	7,532	$	7,216	$	(316	)
Greater than three months to six months		5,119		4,678		(441	)		4,299		3,913		(386	)		8,807		8,126		(681	)
Greater than six months to nine months		3,790		3,205		(585	)		2,891		2,460		(431	)		6,179		5,678		(501	)
Greater than nine months to twelve months		4,185		3,324		(861	)		7,362		6,066		(1,296	)		2,100		1,936		(164	)
Greater than twelve months		14,208		11,171		(3,037	)		10,871		9,220		(1,651	)		6,782		6,459		(323	)
Total	$	39,637	$	34,017	$	(5,620	)	$	37,019	$	32,834	$	(4,185	)	$	31,400	$	29,415	$	(1,985	)
BIG and Equity AFS Securities
Three months or less	$	773	$	695	$	(78	)	$	857	$	787	$	(70	)	$	813	$	752	$	(61	)
Greater than three months to six months		256		217		(39	)		358		301		(57	)		610		545		(65	)
Greater than six months to nine months		170		150		(20	)		377		312		(65	)		401		355		(46	)
Greater than nine months to twelve months		145		107		(38	)		530		376		(154	)		151		139		(12	)
Greater than twelve months		547		377		(170	)		497		385		(112	)		218		192		(26	)
Total	$	1,891	$	1,546	$	(345	)	$	2,619	$	2,161	$	(458	)	$	2,193	$	1,983	$	(210	)

I-11

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

	September 30, 2008							June 30, 2008							December 31, 2007
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	7,021	$	6,628	$	(393	)	$	6,255	$	6,048	$	(207	)	$	3,205	$	3,090	$	(115	)
Greater than three months to six months		3,153		2,889		(264	)		3,436		3,243		(193	)		2,938		2,718		(220	)
Greater than six months to nine months		2,099		1,833		(266	)		1,112		966		(146	)		3,882		3,652		(230	)
Greater than nine months to twelve months		976		813		(163	)		2,469		2,091		(378	)		648		601		(47	)
Greater than twelve months		6,486		5,389		(1,097	)		6,014		5,249		(765	)		3,779		3,610		(169	)
Total	$	19,735	$	17,552	$	(2,183	)	$	19,286	$	17,597	$	(1,689	)	$	14,452	$	13,671	$	(781	)
BIG and Equity AFS Securities
Three months or less	$	633	$	599	$	(34	)	$	1,104	$	1,011	$	(93	)	$	659	$	621	$	(38	)
Greater than three months to six months		90		75		(15	)		269		222		(47	)		570		480		(90	)
Greater than six months to nine months		85		76		(9	)		305		264		(41	)		284		256		(28	)
Greater than nine months to twelve months		139		118		(21	)		405		300		(105	)		37		34		(3	)
Greater than twelve months		264		224		(40	)		385		320		(65	)		168		157		(11	)
Total	$	1,211	$	1,092	$	(119	)	$	2,468	$	2,117	$	(351	)	$	1,718	$	1,548	$	(170	)

I-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF SEPTEMBER 30, 2008

	LIFE
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
TOP TEN EXPOSURES BY SECTOR [3]
Financial services	$	7,166	$	6,549		10.7	%
Utilities		3,624		3,472		5.7	%
Technology and communications		3,015		2,884		4.7	%
Consumer non cyclical		2,677		2,615		4.3	%
Basic industry		2,233		2,156		3.5	%
Consumer cyclical		1,995		1,914		3.1	%
Capital goods		1,782		1,718		2.8	%
Energy		1,363		1,293		2.1	%
Other		1,293		1,149		1.9	%
Transportation		482		450		0.7	%
Total	$	25,630	$	24,200		39.5	%
TOP TEN EXPOSURES BY ISSUER [4]
JPMorgan Chase & Co.	$	402	$	344		0.6	%
General Electric Co.		316		266		0.4	%
Credit Suisse Group AG		295		262		0.4	%
Bank of America Corp.		267		231		0.4	%
Citigroup Inc.		286		219		0.4	%
Diageo PLC		211		206		0.4	%
Wachovia Corporation		207		205		0.3	%
Barclays PLC		238		203		0.3	%
Verizon Communications Inc.		202		185		0.3	%
AT&T Inc.		190		182		0.3	%
Total	$	2,614	$	2,303		3.8	%

	P&C
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
Financial services	$	2,798	$	2,577		9.4	%
Utilities		1,569		1,487		5.4	%
Technology and communications		1,179		1,099		4.0	%
Basic industry		748		902		3.3	%
Consumer non cyclical		874		847		3.1	%
Consumer cyclical		707		667		2.4	%
Capital goods		611		581		2.1	%
Energy		367		353		1.3	%
Other		372		327		1.2	%
Transportation		76		69		0.2	%
Total	$	9,301	$	8,909		32.4	%
State of California	$	288	$	278		1.0	%
State of Georgia		221		214		0.8	%
New York, NY		210		207		0.8	%
State of Massachusetts		174		174		0.6	%
Insurance Services Office, Inc.		—		174		0.6	%
State of Illinois		143		140		0.5	%
State of Louisiana		141		137		0.5	%
Houston Texas Airport System Revenue		127		119		0.4	%
State of Washington		127		116		0.4	%
Metropolitan Transportation Auth. NY		112		104		0.4	%
Total	$	1,543	$	1,663		6.0	%

	CONSOLIDATED [1]
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
Financial services	$	10,009	$	9,170		10.2	%
Utilities		5,193		4,959		5.5	%
Technology and communications		4,195		3,984		4.4	%
Consumer non cyclical		3,553		3,464		3.9	%
Basic industry		2,722		3,161		3.5	%
Consumer cyclical		2,706		2,585		2.9	%
Capital goods		2,394		2,300		2.6	%
Energy		1,730		1,646		1.8	%
Other		1,669		1,474		1.6	%
Transportation		558		519		0.6	%
Total	$	34,729	$	33,262		37.0	%
State of California	$	447	$	434		0.5	%
JPMorgan Chase & Co.		499		432		0.5	%
General Electric Co.		433		363		0.4	%
Bank of America Corp.		354		313		0.3	%
Citigroup Inc.		360		289		0.3	%
State of Massachusetts		289		288		0.3	%
Credit Suisse Group AG		321		286		0.3	%
Barclays PLC		321		268		0.3	%
Wachovia Corporation		257		252		0.3	%
AT&T Inc.		262		248		0.3	%
Total	$	3,543	$	3,173		3.5	%

[1]	Includes investments held in Corporate.
[2]	Excludes equity securities, held for trading.
[3]	Includes corporate fixed maturities and equity securities, available-for-sale.
[4]	Excludes U.S. government and government agency securities, mortgage obligations issued by government sponsored agencies, cash equivalent securities, exposures resulting from derivative transactions, and securities classified as trading securities.

I-13