8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 4, 2010

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-13958	13-3317783
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

The Hartford Financial Services Group, Inc. One Hartford Plaza Hartford, Connecticut	06155
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (860) 547-5000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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

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

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

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

Item 2.02 Results of Operations and Financial Condition

On August 4, 2010, The Hartford Financial Services Group, Inc. issued its Investor Financial Supplement (“IFS”) relating to its financial results for the quarter ended June 30, 2010. A copy of the IFS is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit No.
99.1	Investor Financial Supplement of The Hartford Financial Services Group, Inc. for the quarter ended June 30, 2010

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE HARTFORD FINANCIAL SERVICES GROUP, INC.
Date: August 4, 2010	By:	/s/ Beth A. Bombara
		Name:	Beth A. Bombara
		Title:	Senior Vice President and Controller

EX-99.1

Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

JUNE 30, 2010

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:

One Hartford Plaza
Hartford, CT 06155

Internet address:

http://www.thehartford.com

Contacts:

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

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

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

As of July 30, 2010

	A.M. Best	Fitch	Standard & Poor’s	Moody’s
Insurance Financial Strength Ratings:
Hartford Fire Insurance Company	A	A+	A	A2
Hartford Life Insurance Company	A	A-	A	A3
Hartford Life and Accident Insurance Company	A	A-	A	A3
Hartford Life and Annuity Insurance Company	A	A-	A	A3
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt	bbb+	BBB-	BBB	Baa3
Commercial paper	AMB-2	F2	A-2	P-3

TRANSFER AGENT
The Bank of New York Mellon
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310
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 June 30, 2009 and 2010	C-3
Six Months Ended June 30, 2009 and 2010	C-4
Consolidating Balance Sheets
As of December 31, 2009 and June 30, 2010	C-5
Capital Structure	C-6
Accumulated Other Comprehensive Loss	C-7
Computation of Basic and Diluted Earnings (Losses) Per Common Share	C-8
Analysis of Net Realized Capital Gains (Losses) After-tax and DAC
Three Months Ended June 30, 2009 and 2010	C-9
Six Months Ended June 30, 2009 and 2010	C-10
Computation of Return-on-Equity Measures	C-11
Components of Net Realized Capital Gains (Losses) After-tax and DAC and Excluded From Core Earnings
Three Months Ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010	C-12
Six Months Ended June 30, 2009 and 2010	C-13
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 June 30, 2010	L-7
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	L-8
Global Annuity- U.S.
Highlights	L-9
Income Statements	L-10
Supplemental Data- Account Value Rollforward	L-11
Global Annuity- International
Highlights	L-12
Japan
Income Statements	L-13
Supplemental Data- Account Value Rollforward in Dollars	L-14
Retirement
Income Statements
Retirement Plans	L-15
Mutual Funds	L-16
Supplemental Data
Deposits	L-17
Assets Under Management and Administration	L-18
Retirement Plans
Supplemental Data
Account Value and Asset Rollforward	L-19
Mutual Funds
Supplemental Data
Account Value and Asset Rollforward	L-20
Individual Life
Income Statements	L-21
Supplemental Data	L-22
Account Value Rollforward	L-23
Group Benefits
Income Statements	L-24
Supplemental Data	L-25
Institutional
Income Statements	L-26
Supplemental Data
Assets Under Management	L-27
Account Value and Asset Rollforward	L-28
PROPERTY & CASUALTY
Financial Highlights	PC-1
Operating Results	PC-2
Ongoing Operations Operating Results	PC-3
Ongoing Operations Underwriting Results	PC-4
Personal Lines Underwriting Results	PC-5
Personal Lines Written and Earned Premiums	PC-6
Small Commercial Underwriting Results	PC-7
Middle Market Underwriting Results	PC-8
Specialty Commercial Underwriting Results	PC-9
Specialty Commercial Written and Earned Premiums	PC-10
Other Operations Operating Results	PC-11
Other Operations Losses and Loss Adjustment Expenses	PC-12
Summary of Gross Asbestos Reserves	PC-13
Paid and Incurred Loss and Loss Adjustment Expense Development — A&E	PC-14
Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
Three Months Ended June 30, 2010	PC-15
Six Months Ended June 30, 2010	PC-16
Reinsurance Recoverable Analysis	PC-17
Consolidated Income Statements	PC-18
Consolidated Balance Sheets	PC-19
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-20
INVESTMENTS
Investment Earnings Before-tax
Consolidated	I-1
Life	I-2
Property & Casualty	I-3
Corporate	I-4
Composition of Invested Assets
Consolidated	I-5
Life	I-6
Property & Casualty	I-7
Corporate	I-8
Unrealized Loss Aging
Consolidated	I-9
Life	I-10
Property & Casualty	I-11
Invested Asset Exposures
As of June 30, 2010	I-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION

	DEFINITIONS AND PRESENTATION
•	All amounts are in millions, except for per share and ratio information unless otherwise stated.
•	Life is organized into six reporting segments: Global Annuity-U.S., Global Annuity-International, Retirement, Individual Life, Group Benefits and Institutional. Life also includes in an Other category corporate items not directly allocated to any of its reportable operating segments; the mark-to-market adjustment for the equity securities, 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 Global Annuity-International results of operations; certain fee income and commission expenses associated with sales of non-proprietary products by broker dealer subsidiaries; and inter-segment eliminations. In 2010, Life changed its reporting segments to reflect the current manner by which its chief operating decision maker views and manages the business. All segment data for prior reporting periods have been adjusted to reflect the current segment reporting.
•	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 primarily based on core earnings.
•	Corporate primarily includes the Company’s debt financing and related interest expense, as well as other capital raising, banking operations and certain 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; other than temporary impairment losses recognized in AOCI; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and pension and other postretirement adjustments.
•	Noncontrolling interest (“NCI”) represents the minority interest portion of the equity of a subsidiary that is not attributable, directly or indirectly, to The Hartford.
•	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.
•	Yields are calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, securities lending collateral and consolidated variable interest entity non-controlling interests.
•	Certain reclassifications have been made to the prior periods to conform to the June 30, 2010 presentation.
•	NM — Not meaningful means increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa.

i

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

BASIS OF PRESENTATION (CONTINUED)

	DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES
•	The Hartford uses non-GAAP and other financial measures in this Investor Financial Supplement to assist investors in analyzing the Company’s operating performance for the periods presented herein. Because The Hartford’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford’s non-GAAP and other financial measures to those of other companies.
•	The Hartford uses the non-GAAP financial measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that the measure core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by the net effect of certain realized capital gains and losses. Some realized capital gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses (net of tax and the effects of deferred policy acquisition costs (“DAC”)) that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives and net periodic settlements on the Japan fixed annuity cross-currency swap. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Core earnings is also used by management to assess our operating performance and is one of the measures considered in determining incentive compensation for our managers. Net income is the most directly comparable GAAP measure. Core earnings should not be considered as a substitute for net income and does not reflect the overall profitability of our business. Therefore, The Hartford believes that it is useful for investors to evaluate both net income and core earnings when reviewing the Company’s performance. A reconciliation of net income to core earnings for the periods presented herein is set forth on page C-2.
•	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-11, 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 common share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) common stockholders’ equity, excluding AOCI, net of tax, by (b) common shares outstanding. The Hartford provides book value per common 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 common 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 common share is the most directly comparable GAAP measure. A reconciliation of book value per common share to book value per common share, excluding AOCI, for the periods presented herein is set forth at page C-1.
•	Book value per diluted share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) total stockholders’ equity, excluding AOCI, net of tax, by (b) common shares outstanding and dilutive potential common shares. The Hartford provides book value per diluted 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 diluted 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 diluted share is the most directly comparable GAAP measure. A reconciliation of book value per diluted share to book value per diluted share, excluding AOCI, for the periods presented herein is set forth at page C-1.
•	The Hartford provides different measures of the return on common equity (“ROE”) of the Company. ROE (core earnings last twelve months to common equity, excluding AOCI), is calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to common equity, excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average common stockholders’ equity, excluding AOCI. When calculating ROE, the MCP preferred stock is included in average common stockholders’ equity and MCP preferred dividends are excluded from net loss available to common shareholders and core earnings (losses) available to common shareholders. 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 common 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 common 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			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
HIGHLIGHTS
Net income (loss)	$	(15	)	$	(220	)	$	557		$	319		$	76		NM				(76	%)	$	(1,224	)	$	395		NM
Core earnings (losses)	$	622		$	660		$	689		$	545		$	92			(85	%)		(83	%)	$	(553	)	$	637		NM
Total revenues [1]	$	7,637		$	5,230		$	6,440		$	6,319		$	3,336			(56	%)		(47	%)	$	13,031		$	9,655			(26	%)
Total assets	$	289,700		$	316,720		$	307,717		$	317,282		$	314,150			8	%		(1	%)
Total assets under management [2]	$	352,074		$	386,996		$	380,834		$	396,353		$	386,820			10	%		(2	%)
PER SHARE AND SHARES DATA [3]
Basic earnings per common share
Net income (loss) available to common shareholders	$	(0.06	)	$	(0.79	)	$	1.29		$	(0.42	)	$	0.15		NM			NM			$	(3.80	)	$	(0.24	)		94	%
Core earnings (losses) available to common shareholders	$	1.90		$	1.68		$	1.64		$	0.16		$	0.18			(90	%)		16	%	$	(1.72	)	$	0.34		NM
Diluted earnings (losses) per common share
Net income (loss) available to common shareholders	$	(0.06	)	$	(0.79	)	$	1.19		$	(0.42	)	$	0.14		NM			NM			$	(3.80	)	$	(0.24	)		94	%
Core earnings (losses) available to common shareholders	$	1.90		$	1.56		$	1.51		$	0.14		$	0.17			(91	%)		21	%	$	(1.72	)	$	0.31		NM
Weighted average common shares outstanding (basic)		325.4			356.1			382.7			393.7			443.9			118.5	sh		50.2	sh		323.1			418.8			95.7	sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		326.6			382.5			416.2			428.5			480.2			153.6	sh		51.7	sh		324.0			454.4			130.4	sh
Common shares outstanding		326.7			383.0			383.0			443.9			444.1			117.4	sh		0.2	sh		326.7			444.1			117.4	sh
Book value per common share	$	32.20		$	37.90		$	38.92		$	38.94		$	41.29			28	%		6	%
Per common share impact of AOCI	$	(20.24	)	$	(8.40	)	$	(8.64	)	$	(5.35	)	$	(3.10	)		85	%		42	%
Book value per common share (excluding AOCI)	$	52.44		$	46.30		$	47.56		$	44.29		$	44.39			(15	%)		—
Book value per diluted share				$	34.64		$	35.96		$	35.17		$	38.16
Per diluted share impact of AOCI				$	(7.67	)	$	(7.99	)	$	(4.68	)	$	(2.79	)
Book value per diluted share (excluding AOCI)				$	42.31		$	43.95		$	39.85		$	40.95
Common shares outstanding and dilutive potential common shares					419.1			414.5			507.3			495.0
FINANCIAL RATIOS
ROE (net income last 12 months to common stockholder equity including AOCI) [4]		(34.2	%)		(17.2	%)		(8.4	%)		0.2	%		0.9	%		35.1			0.7
ROE (core earnings last 12 months to common stockholder equity excluding AOCI) [4]		(6.5	%)		(1.0	%)		3.8	%		10.6	%		7.4	%		13.9			(3.2	)
Debt to capitalization, including AOCI		30.3	%		25.1	%		24.6	%		27.8	%		25.9	%		(4.4	)		(1.9	)
Annualized investment yield, after-tax		2.9	%		2.9	%		2.9	%		3.0	%		3.3	%		0.4			0.3			2.7	%		3.1	%		0.4
Ongoing Property & Casualty GAAP combined ratio		93.7			93.0			85.1			91.7			96.8			(3.1	)		(5.1	)		91.8			94.2			(2.4	)

[1]	Total revenues of The Hartford are impacted by net investment income and mark-to-market effects of equity securities, trading, supporting the Global Annuity-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 months and six months ended June 30, 2009 and 2010.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-5).
[3]	See page C-8 for computation of basic and diluted earnings (losses) per common 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			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
LIFE
Global Annuity Division
Global Annuity- U.S.	$	307		$	313		$	212		$	152		$	(14	)	NM			NM			$	(617	)	$	138		NM
Global Annuity- International [2]		142			81			54			73			9			(94	%)		(88	%)		(313	)		82		NM
Total Global Annuity Division		449			394			266			225			(5	)	NM			NM				(930	)		220		NM
Retirement		11			26			16			37			32			191	%		(14	%)		(42	)		69		NM
Individual Life		43			28			30			39			52			21	%		33	%		43			91			112	%
Group Benefits		41			85			79			50			34			(17	%)		(32	%)		107			84			(21	%)
Institutional		(5	)		(7	)		(8	)		(7	)		4		NM			NM				(25	)		(3	)		88	%
Other [1]		(46	)		(27	)		2			21			14		NM				(33	%)		(41	)		35		NM
Total Life core earnings (losses) [1][2]		493			499			385			365			131			(73	%)		(64	%)		(888	)		496		NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results
Personal Lines		(10	)		(11	)		66			54			(73	)	NM			NM				65			(19	)	NM
Small Commercial		74			90			144			83			62			(16	%)		(25	%)		161			145			(10	%)
Middle Market		56			61			72			12			(22	)	NM			NM				125			(10	)	NM
Specialty Commercial		36			30			81			52			111		NM				113	%		59			163			176	%
Total Ongoing Operations underwriting results		156			170			363			201			78			(50	%)		(61	%)		410			279			(32	%)
Net servicing income		7			10			12			7			10			43	%		43	%		15			17			13	%
Net investment income		239			254			265			268			298			25	%		11	%		424			566			33	%
Periodic net coupon settlements on credit derivatives, before-tax		(4	)		(3	)		(2	)		(2	)		(3	)		25	%		(50	%)		(7	)		(5	)		29	%
Other expenses [4]		(48	)		(47	)		(78	)		(54	)		(53	)		(10	%)		2	%		(98	)		(107	)		(9	%)
Income tax expense [5]		(87	)		(106	)		(181	)		(139	)		(83	)		5	%		40	%		(184	)		(222	)		(21	%)
Ongoing Operations core earnings		263			278			379			281			247			(6	%)		(12	%)		560			528			(6	%)
Other Operations core earnings (losses) [6]		(51	)		(32	)		(1	)		23			(86	)		(69	%)	NM				(27	)		(63	)		(133	%)
Total Property & Casualty core earnings		212			246			378			304			161			(24	%)		(47	%)		533			465			(13	%)
Total Corporate core losses [1][3]		(83	)		(85	)		(74	)		(124	)		(200	)		(141	%)		(61	%)		(198	)		(324	)		(64	%)
CONSOLIDATED
Core earnings (losses)		622			660			689			545			92			(85	%)		(83	%)		(553	)		637		NM
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [7][8]		(637	)		(880	)		(132	)		(226	)		(16	)		97	%		93	%		(671	)		(242	)		64	%
Net income (loss)	$	(15	)	$	(220	)	$	557		$	319		$	76		NM				(76	%)	$	(1,224	)	$	395		NM
PER SHARE DATA [9]
Diluted earnings (losses) per common share
Core earnings (losses) available to common shareholders	$	1.90		$	1.56		$	1.51		$	0.14		$	0.17			(91	%)		22	%	$	(1.72	)	$	0.31		NM
Net income (loss) available to common shareholders	$	(0.06	)	$	(0.79	)	$	1.19		$	(0.42	)	$	0.14		NM			NM			$	(3.80	)	$	(0.24	)		94	%

[1]	Included in Life are the after-tax restructuring charges of $54, $18 and $17 recorded in the three months ended June 30, 2009, September 30, 2009 and December 31, 2009, respectively. Also, included in Corporate are the after-tax restructuring charges of $4, $4 and $6 recorded in the three months ended September 30, 2009, December 31, 2009 and June 30, 2010, respectively.
[2]	Includes the after-tax charge of $40 recorded in the six months ended June 30, 2009, for the effect of the triggering of the guaranteed minimum income benefit for the 3Win product on amortization of deferred policy acquisition costs and policyholder benefits. See page L-14 for additional information on the 3Win Trigger.
[3]	Includes an after-tax charge of $32 for Goodwill impairments in the six months ended June 30, 2009 and an after-tax charge of $47 for a litigation settlement in the three months ended March 31, 2010 and six months ended June 30, 2010. Also, includes an after-tax charge of $100 for Goodwill impairments in the three and six months ended June 30, 2010.
[4]	The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.
[5]	The three months ended March 31, 2010 and six months ended June 30, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree healthcare costs beginning in 2013.
[6]	The three and six months ended June 30, 2009 included an asbestos reserve increase of $90, after-tax, partially offset by a decrease in the allowance for uncollectible reinsurance of $13, after-tax. The three months ended September 30, 2009 included an environmental reserve increase of $49, after-tax. The three months ended December 31, 2009 included an unallocated loss adjustment expense reserve increase of $16, after-tax. The three and six months ended June 30, 2010 included an asbestos reserve increase of $110, after-tax.
[7]	Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.
[8]	See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.
[9]	See page C-8 for reconciliation of net income (loss) per common share to core earnings (losses) per common share.

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			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
LIFE
Global Annuity Division
Global Annuity- U.S.	$	61		$	89		$	122		$	95		$	98			61	%		3	%	$	126		$	193			53	%
Global Annuity- International [2]		32			58			64			51			59			84	%		16	%		1			110		NM
Total Global Annuity Division		93			147			186			146			157			69	%		8	%		127			303			139	%
Retirement		11			19			15			36			35		NM				(3	%)		12			71		NM
Individual Life		41			50			33			40			55			34	%		38	%		67			95			42	%
Group Benefits		41			85			79			50			34			(17	%)		(32	%)		107			84			(21	%)
Institutional		(5	)		(6	)		(8	)		(7	)		4		NM			NM				(25	)		(3	)		88	%
Other [1]		(46	)		(27	)		2			21			14		NM				(33	%)		(41	)		35		NM
Total Life core earnings excluding DAC unlock [1][2]		135			268			307			286			299			121	%		5	%		247			585			137	%
DAC Unlock		358			231			78			79			(168	)	NM			NM				(1,135	)		(89	)		92	%
Total Life core earnings (losses) [1][2]		493			499			385			365			131			(73	%)		(64	%)		(888	)		496		NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		100			54			34			88			68			(32	%)		(23	%)		227			156			(31	%)
Small Commercial		107			90			108			86			91			(15	%)		6	%		205			177			(14	%)
Middle Market		42			15			19			11			9			(79	%)		(18	%)		69			20			(71	%)
Specialty Commercial		(10	)		(9	)		20			5			(10	)		—		NM				(11	)		(5	)		55	%
Total Ongoing Operations underwriting results before catastrophes and prior year development		239			150			181			190			158			(34	%)		(17	%)		490			348			(29	%)
Catastrophes, excluding prior year development		(142	)		(115	)		16			(79	)		(229	)		(61	%)		(190	%)		(207	)		(308	)		(49	%)
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		3			9			10			5			(8	)	NM			NM				(2	)		(3	)		(50	%)
Other loss and loss adjustment expenses		56			126			156			85			157			180	%		85	%		129			242			88	%
Total Ongoing Operations underwriting results		156			170			363			201			78			(50	%)		(61	%)		410			279			(32	%)
Net servicing income		7			10			12			7			10			43	%		43	%		15			17			13	%
Net investment income		239			254			265			268			298			25	%		11	%		424			566			33	%
Periodic net coupon settlements on credit derivatives, before-tax		(4	)		(3	)		(2	)		(2	)		(3	)		25	%		(50	%)		(7	)		(5	)		29	%
Other expenses [4]		(48	)		(47	)		(78	)		(54	)		(53	)		(10	%)		2	%		(98	)		(107	)		(9	%)
Income tax expense [5]		(87	)		(106	)		(181	)		(139	)		(83	)		5	%		40	%		(184	)		(222	)		(21	%)
Ongoing Operations core earnings		263			278			379			281			247			(6	%)		(12	%)		560			528			(6	%)
Other Operations core earnings (losses) [6]		(51	)		(32	)		(1	)		23			(86	)		(69	%)	NM				(27	)		(63	)		(133	%)
Total Property & Casualty core earnings		212			246			378			304			161			(24	%)		(47	%)		533			465			(13	%)
CORPORATE
Total Corporate core losses [1][3]		(83	)		(85	)		(74	)		(124	)		(200	)		(141	%)		(61	%)		(198	)		(324	)		(64	%)
CONSOLIDATED
Core earnings (losses)		622			660			689			545			92			(85	%)		(83	%)		(553	)		637		NM
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [7][8]		(637	)		(880	)		(132	)		(226	)		(16	)		97	%		93	%		(671	)		(242	)		64	%
Net income (loss)	$	(15	)	$	(220	)	$	557		$	319		$	76		NM				(76	%)	$	(1,224	)	$	395		NM

[1]	Included in Life are the after-tax restructuring charges of $54, $18 and $17 recorded in the three months ended June 30, 2009, September 30, 2009 and December 31, 2009, respectively. Also, included in Corporate are the after-tax restructuring charges of $4, $4 and $6 recorded in the three months ended September 30, 2009, December 31, 2009 and June 30, 2010, respectively.
[2]	Includes the after-tax charge of $40 recorded in the six months ended June 30, 2009, for the effect of the triggering of the guaranteed minimum income benefit for the 3Win product on amortization of deferred policy acquisition costs and policyholder benefits. See page L-14 for additional information on the 3Win Trigger.
[3]	Includes an after-tax charge of $32 for Goodwill impairments in the six months ended June 30, 2009 and an after-tax charge of $47 for a litigation settlement in the three months ended March 31, 2010 and six months ended June 30, 2010. Also, includes an after-tax charge of $100 for Goodwill impairments in the three and six months ended June 30, 2010.
[4]	The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.
[5]	The three months ended March 31, 2010 and six months ended June 30, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree healthcare costs beginning in 2013.
[6]	The three and six months ended June 30, 2009 included an asbestos reserve increase of $90, after-tax, partially offset by a decrease in the allowance for uncollectible reinsurance of $13, after-tax. The three months ended September 30, 2009 included an environmental reserve increase of $49, after-tax. The three months ended December 31, 2009 included an unallocated loss adjustment expense reserve increase of $16, after-tax. The three and six months ended June 30, 2010 included an asbestos reserve increase of $110, after-tax.
[7]	Includes those net realized capital losses not included in core earnings (losses). See pages C-9 and C-10 for further analysis.
[8]	See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2009 AND 2010

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2009			2010			Change			2009			2010			Change			2009			2010			Change			2009			2010			Change
Earned premiums	$	1,114		$	1,096			(2	%)	$	2,478		$	2,410			(3	%)	$	—		$	—			—		$	3,592		$	3,506			(2	%)
Fee income		1,059			1,192			13	%		—			—			—			3			3			—			1,062			1,195			13	%
Net investment income (loss):
Securities available-for-sale and other		739			807			9	%		280			340			21	%		2			6		NM				1,021			1,153			13	%
Equity securities, trading [1]		2,523			(2,649	)	NM				—			—			—			—			—			—			2,523			(2,649	)	NM
Total net investment income (loss)		3,262			(1,842	)	NM				280			340			21	%		2			6		NM				3,544			(1,496	)	NM
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(449	)		(254	)		43	%		(113	)		(38	)		66	%		—			—			—			(562	)		(292	)		48	%
OTTI losses recognized in other comprehensive income		183			162			(11	%)		65			22			(66	%)		—			—			—			248			184			(26	%)
Net OTTI losses recognized in earnings		(266	)		(92	)		65	%		(48	)		(16	)		67	%		—			—			—			(314	)		(108	)		66	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		(63	)		67		NM				(30	)		52		NM				(274	)		—			100	%		(367	)		119		NM
Total net realized capital gains (losses)		(329	)		(25	)		92	%		(78	)		36		NM				(274	)		—			100	%		(681	)		11		NM
Other revenues		—			—			—			120			120			—			—			—			—			120			120			—
Total revenues		5,106			421			(92	%)		2,800			2,906			4	%		(269	)		9		NM				7,637			3,336			(56	%)
Benefits, losses and loss adjustment expenses		1,354			1,801			33	%		1,738			1,791			3	%		—			—			—			3,092			3,592			16	%
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		2,523			(2,649	)	NM				—			—			—			—			—			—			2,523			(2,649	)	NM
Amortization of deferred policy acquisition costs and present value of future profits		156			430			176	%		518			508			(2	%)		—			—			—			674			938			39	%
Insurance operating costs and expenses		769			758			(1	%)		190			211			11	%		—			—			—			959			969			1	%
Interest expense		—			—			—			—			—			—			119			132			11	%		119			132			11	%
Goodwill impairment		—			—			—			—			—			—			—			153			—			—			153			—
Other expenses		75			18			(76	%)		163			163			—			14			27			93	%		252			208			(17	%)
Total benefits and expenses		4,877			358			(93	%)		2,609			2,673			2	%		133			312			135	%		7,619			3,343			(56	%)
Income (loss) before income taxes		229			63			(72	%)		191			233			22	%		(402	)		(303	)		25	%		18			(7	)	NM
Income tax expense (benefit)		53			(25	)	NM				18			45			150	%		(38	)		(103	)		(171	%)		33			(83	)	NM
Net income (loss)		176			88			(50	%)		173			188			9	%		(364	)		(200	)		45	%		(15	)		76		NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses) [2]		(317	)		(43	)		86	%		(39	)		27		NM				(281	)		—			100	%		(637	)		(16	)		97	%
Core earnings (losses)	$	493		$	131			(73	%)	$	212		$	161			(24	%)	$	(83	)	$	(200	)		(141	%)	$	622		$	92			(85	%)

[1]	Includes investment income and mark-to-market effects of equity securities, trading, supporting the Global Annuity-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]	See page C-12 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2009 AND 2010

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2009			2010			Change			2009			2010			Change			2009			2010			Change			2009			2010			Change
Earned premiums	$	2,432		$	2,203			(9	%)	$	4,989		$	4,830			(3	%)	$	—		$	—			—		$	7,421		$	7,033			(5	%)
Fee income		2,223			2,378			7	%		—			—			—			6			6			—			2,229			2,384			7	%
Net investment income (loss):
Securities available-for-sale and other		1,428			1,551			9	%		505			649			29	%		8			13			63	%		1,941			2,213			14	%
Equity securities, trading [1]		1,799			(1,948	)	NM				—			—			—			—			—			—			1,799			(1,948	)	NM
Total net investment income (loss)		3,227			(397	)	NM				505			649			29	%		8			13			63	%		3,740			265			(93	%)
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses		(634	)		(574	)		9	%		(149	)		(58	)		61	%		(3	)		—			100	%		(786	)		(632	)		20	%
OTTI losses recognized in other comprehensive income		183			344			88	%		65			28			(57	%)		—			—			—			248			372			50	%
Net OTTI losses recognized in earnings		(451	)		(230	)		49	%		(84	)		(30	)		64	%		(3	)		—			100	%		(538	)		(260	)		52	%
Net realized capital gains (losses), excluding OTTI losses recognized in earnings		487			(31	)	NM				(317	)		26		NM				(229	)		—			100	%		(59	)		(5	)		92	%
Total net realized capital gains (losses)		36			(261	)	NM				(401	)		(4	)		99	%		(232	)		—			100	%		(597	)		(265	)		56	%
Other revenues		—			—			—			238			238			—			—			—			—			238			238			—
Total revenues		7,918			3,923			(50	%)		5,331			5,713			7	%		(218	)		19		NM				13,031			9,655			(26	%)
Benefits, losses and loss adjustment expenses		4,413			3,384			(23	%)		3,316			3,341			1	%		—			—			—			7,729			6,725			(13	%)
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		1,799			(1,948	)	NM				—			—			—			—			—			—			1,799			(1,948	)	NM
Amortization of deferred policy acquisition costs and present value of future profits		1,892			573			(70	%)		1,041			1,016			(2	%)		—			—			—			2,933			1,589			(46	%)
Insurance operating costs and expenses		1,506			1,508			—			351			380			8	%		—			—			—			1,857			1,888			2	%
Interest expense		—			—			—			—			—			—			239			252			5	%		239			252			5	%
Goodwill impairment		—			—			—			—			—			—			32			153		NM				32			153		NM
Other expenses		90			34			(62	%)		322			327			2	%		29			107		NM				441			468			6	%
Total benefits and expenses		9,700			3,551			(63	%)		5,030			5,064			1	%		300			512			71	%		15,030			9,127			(39	%)
Income (loss) before income taxes		(1,782	)		372		NM				301			649			116	%		(518	)		(493	)		5	%		(1,999	)		528		NM
Income tax expense (benefit)		(700	)		98		NM				16			204		NM				(91	)		(169	)		(85	%)		(775	)		133		NM
Net income (loss)		(1,082	)		274		NM				285			445			56	%		(427	)		(324	)		24	%		(1,224	)		395		NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses) [2]		(194	)		(222	)		(14	%)		(248	)		(20	)		92	%		(229	)		—			100	%		(671	)		(242	)		64	%
Core earnings (losses)	$	(888	)	$	496		NM			$	533		$	465			(13	%)	$	(198	)	$	(324	)		(64	%)	$	(553	)	$	637		NM

[1]	Includes investment income and mark-to-market effects of equity securities, 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]	See page C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2009 AND JUNE 30, 2010

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,
	2009			2010			Change			2009			2010			Change			2009			2010			Change			2009			2010			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	46,912		$	52,652			12	%	$	23,911		$	24,196			1	%	$	330		$	284			(14	%)	$	71,153		$	77,132			8	%
Equity securities, trading, at fair value		32,321			30,183			(7	%)		—			—			—			—			—			—			32,321			30,183			(7	%)
Equity securities, available-for-sale, at fair value		680			589			(13	%)		453			426			(6	%)		88			88			—			1,221			1,103			(10	%)
Mortgage loans		5,002			3,956			(21	%)		671			474			(29	%)		265			243			(8	%)		5,938			4,673			(21	%)
Policy loans, at outstanding balance		2,174			2,182			—			—			—			—			—			—			—			2,174			2,182			—
Limited partnerships and other alternative investments		845			878			4	%		945			896			(5	%)		—			—			—			1,790			1,774			(1	%)
Other investments		457			2,147		NM				93			95			2	%		52			51			(2	%)		602			2,293		NM
Short-term investments		7,079			5,356			(24	%)		1,283			1,548			21	%		1,995			1,827			(8	%)		10,357			8,731			(16	%)
Total investments		95,470			97,943			3	%		27,356			27,635			1	%		2,730			2,493			(9	%)		125,556			128,071			2	%
Cash		1,898			2,632			39	%		240			363			51	%		4			3			(25	%)		2,142			2,998			40	%
Premiums receivable and agents’ balances		396			343			(13	%)		3,008			3,028			1	%		—			—			—			3,404			3,371			(1	%)
Reinsurance recoverables		2,190			2,441			11	%		3,194			3,044			(5	%)		—			—			—			5,384			5,485			2	%
Deferred policy acquisition costs and present value of future profits		9,423			8,421			(11	%)		1,263			1,268			—			—			—			—			10,686			9,689			(9	%)
Deferred income taxes		1,679			886			(47	%)		1,468			1,077			(27	%)		793			865			9	%		3,940			2,828			(28	%)
Goodwill		470			470			—			149			149			—			585			432			(26	%)		1,204			1,051			(13	%)
Property and equipment, net		322			433			34	%		685			696			2	%		19			21			11	%		1,026			1,150			12	%
Other assets		2,492			3,299			32	%		1,039			1,173			13	%		450			152			(66	%)		3,981			4,624			16	%
Separate account assets		150,394			154,883			3	%		—			—			—			—			—			—			150,394			154,883			3	%
Total assets	$	264,734		$	271,751			3	%	$	38,402		$	38,433			—		$	4,581		$	3,966			(13	%)	$	307,717		$	314,150			2	%
Future policy benefits, unpaid losses and loss adjustment expenses	$	17,980		$	18,529			3	%	$	21,651		$	21,479			(1	%)	$	—		$	—			—		$	39,631		$	40,008			1	%
Other policyholder funds and benefits payable		45,852			46,394			1	%		—			—			—			—			—			—			45,852			46,394			1	%
Other policyholder funds and benefits payable - International variable annuities		32,296			30,161			(7	%)		—			—			—			—			—			—			32,296			30,161			(7	%)
Unearned premiums		168			169			1	%		5,055			5,124			1	%		(2	)		(2	)		—			5,221			5,291			1	%
Debt		68			—			(100	%)		—			—			—			5,771			6,600			14	%		5,839			6,600			13	%
Consumer notes		1,136			452			(60	%)		—			—			—			—			—			—			1,136			452			(60	%)
Other liabilities		5,284			7,963			51	%		2,113			1,806			(15	%)		2,057			1,701			(17	%)		9,454			11,470			21	%
Separate account liabilities		150,394			154,883			3	%		—			—			—			—			—			—			150,394			154,883			3	%
Total liabilities		253,178			258,551			2	%		28,819			28,409			(1	%)		7,826			8,299			6	%		289,823			295,259			2	%
Common equity, excluding AOCI		13,254			13,510			2	%		10,103			10,060			—			(5,140	)		(3,856	)		25	%		18,217			19,714			8	%
Preferred stock		—			—			—			—			—			—			2,960			556			(81	%)		2,960			556			(81	%)
AOCI, net of tax		(1,727	)		(310	)		82	%		(520	)		(36	)		93	%		(1,065	)		(1,033	)		3	%		(3,312	)		(1,379	)		58	%
Total stockholders’ equity		11,527			13,200			15	%		9,583			10,024			5	%		(3,245	)		(4,333	)		(34	%)		17,865			18,891			6	%
Noncontrolling Interest		29			—			(100	%)		—			—			—			—			—			—			29			—			(100	%)
Total equity		11,556			13,200			14	%		9,583			10,024			5	%		(3,245	)		(4,333	)		(34	%)		17,894			18,891			6	%
Total liabilities and equity	$	264,734		$	271,751			3	%	$	38,402		$	38,433			—		$	4,581		$	3,966			(13	%)	$	307,717		$	314,150			2	%

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month
	2009			2009			2009			2010			2010			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	342		$	342		$	343		$	275		$	—			(100	%)		(100	%)
Senior notes		3,778			3,778			3,779			4,877			4,879			29	%		—
Junior subordinated debentures		1,712			1,715			1,717			1,720			1,721			1	%		—
Total debt [1]	$	5,832		$	5,835		$	5,839		$	6,872		$	6,600			13	%		(4	%)
STOCKHOLDERS’ EQUITY
Common stockholders’ equity, excluding AOCI, net of tax	$	17,131		$	17,733		$	18,217		$	19,661		$	19,714			15	%		—
Preferred stock		2,921			2,940			2,960			556			556			(81	%)		—
AOCI, net of tax		(6,610	)		(3,217	)		(3,312	)		(2,377	)		(1,379	)		79	%		42	%
Total stockholders’ equity	$	13,442		$	17,456		$	17,865		$	17,840		$	18,891			41	%		6	%
CAPITALIZATION
Total capitalization, including AOCI, net of tax	$	19,274		$	23,291		$	23,704		$	24,712		$	25,491			32	%		3	%
Total capitalization, excluding AOCI, net of tax	$	25,884		$	26,508		$	27,016		$	27,089		$	26,870			4	%		(1	%)
DEBT TO CAPITALIZATION RATIOS [1]
Total debt to capitalization, including AOCI		30.3	%		25.1	%		24.6	%		27.8	%		25.9	%		(4.4	)		(1.9	)
Total debt to capitalization, excluding AOCI		22.5	%		22.0	%		21.6	%		25.4	%		24.6	%		2.1			(0.8	)
Total rating agency adjusted debt to capitalization [2] [3] [4]		32.7	%		31.9	%		31.9	%		26.0	%		29.7	%		(3.0	)		3.7

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $1,199, $1,193, $1,136, $834 and $452 as of June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, 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 $1.4 billion, $1.4 billion, $1.5 billion, $1.4 billion and $1.4 billion for the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, respectively.
[3]	Effective June 30, 2010, due to a rating agency methodology change, total adjusted debt to capitalization reflects 25% equity credit for the junior subordinated debentures and the discount value of the Allianz transaction. In addition, this methodology change now includes total AOCI. All prior periods reflect 75% equity credit for the junior subordinated debentures and the discount value of the Allianz transaction and reflects only the deferred pension losses component of AOCI. As of June 30, 2010, the impact on total adjusted debt to capitalization of the change in equity credit from 75% to 25% is 4.2 percentage points and the impact of the AOCI change is 0.3 percentage points.
[4]	Reflects 25% equity credit for the preferred stock of the CPP transaction and 100% equity credit for the mandatory convertible preferred stock.

C-6

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

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of June 30, 2010
Fixed maturities net unrealized gain (loss)	$	(851	)	$	31		$	1		$	(819	)
Equities net unrealized gain (loss)		(35	)		(57	)		—			(92	)
Other-than-temporary impairment losses recognized in AOCI		(131	)		(40	)		—			(171	)
Net deferred gain on cash-flow hedging instruments		454			31			1			486
Total net unrealized gain (loss)		(563	)		(35	)		2			(596	)
Foreign currency translation adjustments		253			(13	)		—			240
Pension and other postretirement adjustment		—			12			(1,035	)		(1,023	)
Total accumulated other comprehensive loss	$	(310	)	$	(36	)	$	(1,033	)	$	(1,379	)
As of December 31, 2009
Fixed maturities net unrealized loss	$	(1,978	)	$	(437	)	$	(1	)	$	(2,416	)
Equities net unrealized gain (loss)		(33	)		(42	)		2			(73	)
Other-than-temporary impairment losses recognized in AOCI		(168	)		(56	)		—			(224	)
Net deferred gain on cash-flow hedging instruments		236			20			1			257
Total net unrealized gain (loss)		(1,943	)		(515	)		2			(2,456	)
Foreign currency translation adjustments		216			(17	)		—			199
Pension and other postretirement adjustment		—			12			(1,067	)		(1,055	)
Total accumulated other comprehensive loss	$	(1,727	)	$	(520	)	$	(1,065	)	$	(3,312	)

C-7

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

	THREE MONTHS ENDED															SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
Numerator:
Net income (loss)	$	(15	)	$	(220	)	$	557		$	319		$	76		$	(1,224	)	$	395
Less: MCP preferred dividends		—			—			—			1			11			—			12
Less: CPP preferred dividends and accretion of discount		3			62			62			482			—			3			482
Net income (loss) available to common shareholders		(18	)		(282	)		495			(164	)		65			(1,227	)		(99	)
Add: Impact of assumed conversion of preferred shares to common [4]		—			—			—			—			—			—			—
Net income (loss) available to common shareholders and assumed conversion of preferred shares		(18	)		(282	)		495			(164	)		65			(1,227	)		(99	)
Net income (loss) available to common shareholders		(18	)		(282	)		495			(164	)		65			(1,227	)		(99	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1]		(637	)		(880	)		(132	)		(226	)		(16	)		(671	)		(242	)
Core earnings (losses) available to common shareholders	$	619		$	598		$	627		$	62		$	81		$	(556	)	$	143
Add: Impact of assumed conversion of preferred shares to common [4]		—			—			—			—			—			—			—
Core earnings (losses) available to common shareholders and assumed conversion of preferred shares		619			598			627			62			81			(556	)		143
Denominator:
Weighted average common shares outstanding (basic)		325.4			356.1			382.7			393.7			443.9			323.1			418.8
Dilutive effect of stock compensation		0.7			1.1			1.3			1.2			1.1			0.7			1.2
Dilutive effect of CPP Warrants [2]		0.5			25.3			32.0			32.3			32.6			0.2			32.5
Dilutive effect of Allianz warrants [3]		—			—			0.2			1.3			2.6			—			1.9
Weighted average common shares outstanding and dilutive potential common shares (diluted), before assumed conversion of preferred shares		326.6			382.5			416.2			428.5			480.2			324.0			454.4
Dilutive effect of assumed conversion of MCP [4]		—			—			—			—			—			—			—
Weighted average common shares outstanding and dilutive potential common shares (diluted) and assumed conversion of preferred shares		326.6			382.5			416.2			428.5			480.2			324.0			454.4
Basic earnings (losses) per common share
Net income (loss) available to common shareholders	$	(0.06	)	$	(0.79	)	$	1.29		$	(0.42	)	$	0.15		$	(3.80	)	$	(0.24	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses), and MCP preferred dividends		(1.96	)		(2.47	)		(0.35	)		(0.58	)		(0.03	)		(2.08	)		(0.58	)
Core earnings (losses) available to common shareholders		1.90			1.68			1.64			0.16			0.18			(1.72	)		0.34
Diluted earnings (losses) per common share [5]
Net income (loss) available to common shareholders	$	(0.06	)	$	(0.79	)	$	1.19		$	(0.42	)	$	0.14		$	(3.80	)	$	(0.24	)
Add: Impact of assumed conversion of preferred shares to common [4]		—			—			—			—			—			—			—
Net income (loss) available to common shareholders and assumed conversion of preferred shares		(0.06	)		(0.79	)		1.19			(0.42	)		0.14			(3.80	)		(0.24	)
Net income (loss) available to common shareholders	$	(0.06	)	$	(0.79	)	$	1.19		$	(0.42	)	$	0.14		$	(3.80	)	$	(0.24	)
Add: Difference arising from shares used for the denominator between net loss and core earnings		—			—			—			0.03			—			—			0.02
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(1.96	)		(2.35	)		(0.32	)		(0.53	)		(0.03	)		(2.08	)		(0.53	)
Core earnings (losses) available to common shareholders		1.90			1.56			1.51			0.14			0.17			(1.72	)		0.31
Add: Impact of assumed conversion of preferred shares to common [4]		—			—			—			—			—			—			—
Core earnings (losses) available to common shareholders and assumed conversion of preferred shares		1.90			1.56			1.51			0.14			0.17			(1.72	)		0.31

[1]	See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax and DAC, for the periods presented herein.
[2]	The Hartford issued 52.1 million warrants to purchase The Hartford Common Stock to the U.S. Department of the Treasury on June 26, 2009 at a strike price of $9.79.
[3]	The Hartford issued 69.4 million warrants to purchase The Hartford Common Stock to Allianz on October 17, 2008 at a strike price of $25.23.
[4]	The Hartford issued $575 of mandatory convertible preferred stock which, at March 31, 2010 and June 30, 2010, would have been convertible into 3.4 million and 20.8 million weighted average shares of common stock, respectively. However, the impact of applying the “if-converted” method to these shares was anti-dilutive and, therefore, the shares were not included in core earnings available to common shareholders and assumed conversion of preferred shares.
[5]	As a result of anti-dilutive impact, in periods of a loss, weighted average common shares outstanding (basic) are used in the calculation of diluted earnings per share.

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC
THREE MONTHS ENDED JUNE 30, 2009 AND 2010

	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2009			2010			Change			2009			2010			Change			2009			2010		Change			2009			2010			Change
Net Realized Capital Gains (Losses), After-Tax and DAC
Gains/losses on sales, net	$	(78	)	$	121		NM			$	22		$	29			32	%	$	—		$	—		—		$	(56	)	$	150		NM
Net impairment losses		(176	)		(52	)		70	%		(31	)		(10	)		68	%		—			—		—			(207	)		(62	)		70	%
Japanese fixed annuity contract hedges, net [1]		(4	)		17		NM				—			—			—			—			—		—			(4	)		17		NM
Results of variable annuity hedge program
GMWB derivatives, net		323			(235	)	NM				—			—			—			—			—		—			323			(235	)	NM
Macro hedge program		(333	)		193		NM				—			—			—			—			—		—			(333	)		193		NM
Total results of variable annuity hedge program		(10	)		(42	)	NM				—			—			—			—			—		—			(10	)		(42	)	NM
Other net gain (loss) [2]		(59	)		(85	)		(44	%)		(32	)		7		NM				(281	)		—		100	%		(372	)		(78	)		79	%
Total net realized capital gains (losses), after-tax and DAC	$	(327	)	$	(41	)		87	%	$	(41	)	$	26		NM			$	(281	)	$	—		100	%	$	(649	)	$	(15	)		98	%
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After-Tax and DAC
Total net realized capital losses	$	(327	)	$	(41	)		87	%	$	(41	)	$	26		NM			$	(281	)	$	—		100	%	$	(649	)	$	(15	)		98	%
Less: total net realized capital gains (losses) included in core earnings (losses)		(10	)		2		NM				(2	)		(1	)		50	%		—			—		—			(12	)		1		NM
Total net realized capital losses, after tax and DAC, excluded from core earnings (losses)	$	(317	)	$	(43	)		86	%	$	(39	)	$	27		NM			$	(281	)	$	—		100	%	$	(637	)	$	(16	)		97	%

[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 $3 and $8 would have been recognized as an adjustment to this amount in the three months ended June 30, 2009 and 2010, respectively.

[2]

Other net gain (loss) includes approximately $300 in losses related to a contingent obligation associated with the Allianz transaction, recorded in Corporate for the three months ended June 30, 2009. Other net gain (loss) also includes valuation allowances on mortgage loans, losses on Japan 3 Win related to foreign currency swaps, changes in fair value on non-qualifying derivatives and other investment gains and losses recorded in Life, P&C, and Corporate for the three months ended June 30, 2010.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC
SIX MONTHS ENDED JUNE 30, 2009 AND 2010

	LIFE									PROPERTY & CASUALTY									CORPORATE								CONSOLIDATED
	2009			2010			Change			2009			2010			Change			2009			2010		Change			2009			2010			Change
Net Realized Capital Gains (Losses), After-Tax and DAC
Gains/losses on sales, net	$	(207	)	$	107		NM			$	(147	)	$	14		NM			$	—		$	—		—		$	(354	)	$	121		NM
Net impairment losses		(291	)		(154	)		47	%		(55	)		(24	)		56	%		(2	)		—		100	%		(348	)		(178	)		49	%
Japanese fixed annuity contract hedges, net [1]		23			7			(70	%)		—			—			—			—			—		—			23			7			(70	%)
Results of variable annuity hedge programs
GMWB derivatives, net [2]		557			(151	)	NM				—			—			—			—			—		—			557			(151	)	NM
Macro hedge program		(228	)		118		NM				—			—			—			—			—		—			(228	)		118		NM
Total results of variable annuity hedge program		329			(33	)	NM				—			—			—			—			—		—			329			(33	)	NM
Other net gain (loss) [3]		(68	)		(146	)		(115	%)		(50	)		(13	)		74	%		(227	)		—		100	%		(345	)		(159	)		54	%
Total net realized capital losses, after-tax and DAC	$	(214	)	$	(219	)		(2	%)	$	(252	)	$	(23	)		91	%	$	(229	)	$	—		100	%	$	(695	)	$	(242	)		65	%
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings (Losses) to Total Net Realized Capital Gains (Losses) — After-Tax and DAC
Total net realized capital gains (losses)	$	(214	)	$	(219	)		(2	%)	$	(252	)	$	(23	)		91	%	$	(229	)	$	—		100	%	$	(695	)	$	(242	)		65	%
Less: total net realized capital losses included in core earnings (losses)		(20	)		3		NM				(4	)		(3	)		25	%		—			—		—			(24	)		—			100	%
Total net realized capital gains (losses), after-tax and DAC, excluded from core earnings (losses)	$	(194	)	$	(222	)		(14	%)	$	(248	)	$	(20	)		92	%	$	(229	)	$	—		100	%	$	(671	)	$	(242	)		64	%

[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 $1 and loss of $5 would have been recognized as an adjustment to this amount in the six months ended June 30, 2009 and 2010, 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. The net gain for the six months ended June 30, 2010 was primarily due to gains resulting from liability model assumption updates of $260, the relative outperformance of the underlying actively managed funds as compared to their respective indices, a decrease in equity market volatility, an increase in interest rates, and the impact of the Company’s own credit spread for the year ended, partially offset by losses resulting from an increase in the equity markets.
[3]	Other net gain (loss) includes approximately $300 in losses related to a contingent obligation associated with the Allianz transaction, recorded in Corporate for the six months ended June 30, 2009. Other net gain (loss) also also includes valuation allowances on mortgage loans, losses on Japan 3 Win related to foreign currency swaps, changes in fair value on non-qualifying derivatives and other investment gains and losses recorded in Life, P&C, and Corporate for the six months ended June 30, 2010.

C-10

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

	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,
	2009			2009			2009			2010			2010
Numerator [1]:
Net income (loss) available to common shareholders — last 12 months	$	(4,672	)	$	(2,323	)	$	(1,014	)	$	32		$	126
Core earnings (losses) available to common shareholders — last 12 months	$	(1,194	)	$	(174	)	$	669		$	1,907		$	1,380
Denominator [2]:
Average common stockholders’ equity, including AOCI		13,672.5			13,536.5			12,086.5			12,850.0			14,706.0
Less: Average AOCI		(4,695.0	)		(3,686.0	)		(5,416.0	)		(5,089.0	)		(3,994.5	)
Average common stockholders’ equity, excluding AOCI		18,367.5			17,222.5			17,502.5			17,939.0			18,700.5
ROE (net income (loss) last 12 months to common stockholders’ equity, including AOCI) [3]		(34.2	%)		(17.2	%)		(8.4	%)		0.2	%		0.9	%
ROE (core earnings (losses) last 12 months to common stockholders’ equity, excluding AOCI) [3]		(6.5	%)		(1.0	%)		3.8	%		10.6	%		7.4	%

[1]	For a reconciliation of net income (loss) to core earnings (losses), see page C-8.
[2]	Average equity is calculated by taking the sum of common stockholders’ equity at the beginning of the twelve month period and common stockholders’ equity at the end of the twelve month period and dividing by 2.
[3]	When calculating return-on-equity, the MCP preferred stock is included in average common stockholders’ equity and
	MCP preferred dividends are excluded from net loss available to common shareholders and core earnings (losses) available to common sharholders.

C-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC EXCLUDED FROM CORE EARNINGS [1]

				Global Annuity-
	Global Annuity-			International-			Global Annuity-						Individual			Group
	U.S.			Japan			International			Retirement			Life			Benefits			Institutional			Total Life [2]			Ongoing			Other Ops			Total P&C			Total Corporate			Consolidated
Three months ended June 30, 2009
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(5	)		(55	)		(27	)		(78	)		(48	)		(41	)		(93	)		(320	)		(76	)		2			(74	)		(274	)		(668	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		177			8			19			(9	)		(7	)		—			—			174			—			—			—			—			174
Less: Impacts of tax		(63	)		(22	)		(23	)		(22	)		(14	)		(14	)		(32	)		(177	)		(35	)		—			(35	)		7			(205	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(119	)		(41	)		(23	)		(47	)		(27	)		(27	)		(61	)		(317	)		(41	)		2			(39	)		(281	)		(637	)
Three months ended September 30, 2009
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(622	)		(173	)		(160	)		(88	)		(33	)		(31	)		(144	)		(1,125	)		(76	)		(11	)		(87	)		(3	)		(1,215	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		141			13			18			(12	)		2			—			—			145			—			—			—			—			145
Less: Impacts of tax		(267	)		(65	)		(65	)		(27	)		(11	)		(11	)		(50	)		(448	)		(27	)		(4	)		(31	)		(1	)		(480	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(496	)		(121	)		(113	)		(49	)		(24	)		(20	)		(94	)		(822	)		(49	)		(7	)		(56	)		(2	)		(880	)
Three months ended December 31, 2009
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		149			27			(26	)		(103	)		(30	)		(53	)		(257	)		(390	)		184			15			199			7			(184	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		19			(12	)		(4	)		(13	)		(4	)		—			—			(3	)		—			—			—			—			(3	)
Less: Impacts of tax		45			13			9			(31	)		(9	)		(19	)		(91	)		(120	)		65			4			69			2			(49	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		85			26			(31	)		(59	)		(17	)		(34	)		(166	)		(267	)		119			11			130			5			(132	)
Three months ended March 31, 2010
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(51	)		(65	)		(73	)		(13	)		(26	)		10			(75	)		(234	)		(34	)		(4	)		(38	)		—			(272	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		(63	)		5			2			(3	)		—			—			—			(63	)		—			—			—			—			(63	)
Less: Impacts of tax		11			(24	)		(25	)		7			(3	)		9			6			8			9			—			9			—			17
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		1			(46	)		(50	)		(17	)		(23	)		1			(81	)		(179	)		(43	)		(4	)		(47	)		—			(226	)
Three months ended June 30, 2010
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(80	)		(21	)		(23	)		7			59			23			(7	)		(24	)		19			20			39			—			15
Less: Impacts of deferred policy acquisition costs (“DAC”)		62			(4	)		(9	)		—			(7	)		—			—			47			—			—			—			—			47
Less: Impacts of tax		(49	)		(5	)		(7	)		2			23			9			(2	)		(28	)		5			7			12			—			(16	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(93	)		(12	)		(7	)		5			43			14			(5	)		(43	)		14			13			27			—			(16	)

[1]	The above tables show the components of net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses). The impacts of DAC are calculated consistent with the Company’s accounting policy on amortization of DAC.
	The impacts of tax are calculated at an effective tax rate of 35% as applicable. Impacts of tax also includes any increase in the deferred tax asset valuation allowance.
[2]	Total Life includes amounts recorded in Other Life which is not separately disclosed.

C-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPONENTS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER-TAX AND DAC EXCLUDED FROM CORE EARNINGS [1]

				Global Annuity-
	Global Annuity-			International-			Global Annuity-						Individual			Group																		Total
	U.S.			Japan			International			Retirement			Life			Benefits			Institutional			Total Life [2]			Ongoing			Other Ops			Total P&C			Corporate			Consolidated
Six months ended June 30, 2009
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		481			205			226			(135	)		(81	)		(37	)		(335	)		73			(362	)		(32	)		(394	)		(232	)		(553	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		390			11			21			(12	)		(11	)		—			—			379			—			—			—			—			379
Less: Impacts of tax		32			68			66			(43	)		(25	)		(13	)		(116	)		(112	)		(135	)		(11	)		(146	)		(3	)		(261	)
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		59			126			139			(80	)		(45	)		(24	)		(219	)		(194	)		(227	)		(21	)		(248	)		(229	)		(671	)
Six months ended June 30, 2010
Total net realized capital gains (losses) and other, before-tax and DAC, excluded from core earnings (losses)		(131	)		(86	)		(96	)		(6	)		33			33			(82	)		(258	)		(15	)		16			1			—			(257	)
Less: Impacts of deferred policy acquisition costs (“DAC”)		(1	)		1			(7	)		(3	)		(7	)		—			—			(16	)		—			—			—			—			(16	)
Less: Impacts of tax		(38	)		(29	)		(32	)		9			20			18			4			(20	)		14			7			21			—			1
Total net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(92	)		(58	)		(57	)		(12	)		20			15			(86	)		(222	)		(29	)		9			(20	)		—			(242	)

[1]

The above tables show the components of net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses). The impacts of DAC are calculated consistent with the Company’s accounting policy on amortization of DAC. The impacts of tax are calculated at an effective tax rate of 35% as applicable. Impacts of tax also includes any increase in the deferred tax asset valuation allowance.

[2]

Total Life includes amounts recorded in Other Life which is not separately disclosed.

C-13

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
REVENUES
Global Annuity Division
Global Annuity — U.S. [1]	$	496		$	561		$	583		$	608		$	651			31	%		7	%	$	1,077		$	1,259			17	%
Global Annuity — International [1]		249			269			267			243			256			3	%		5	%		468			499			7	%
Total Global Annuity Division		745			830			850			851			907			22	%		7	%		1,545			1,758			14	%
Retirement		277			295			305			337			353			27	%		5	%		529			690			30	%
Individual Life [1]		303			309			310			311			322			6	%		4	%		655			633			(3	%)
Group Benefits		1,176			1,173			1,173			1,208			1,184			1	%		(2	%)		2,404			2,392			—
Institutional		330			274			277			273			280			(15	%)		3	%		770			553			(28	%)
Other		72			70			71			55			48			(33	%)		(13	%)		143			103			(28	%)
Core revenues before net investment income (loss) on equity securities held for trading		2,903			2,951			2,986			3,035			3,094			7	%		2	%		6,046			6,129			1	%
Net investment income (loss) on equity securities held for trading [2]		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Total core revenues	$	5,426		$	3,589		$	3,737		$	3,736		$	445			(92	%)		(88	%)	$	7,845		$	4,181			(47	%)
Net realized gains (losses), before tax and DAC, excluded from core revenues[1]		(320	)		(1,125	)		(390	)		(234	)		(24	)		93	%		90	%		73			(258	)	NM
Total revenues	$	5,106		$	2,464		$	3,347		$	3,502		$	421			(92	%)		(88	%)	$	7,918		$	3,923			(50	%)
CORE EARNINGS BY SEGMENT
Global Annuity Division
Global Annuity — U.S. [3]	$	307		$	313		$	212		$	152		$	(14	)	NM			NM			$	(617	)	$	138		NM
Global Annuity — International [3] [4]		142			81			54			73			9			(94	%)		(88	%)		(313	)		82		NM
Total Global Annuity Division		449			394			266			225			(5	)	NM			NM				(930	)		220		NM
Retirement [3]		11			26			16			37			32			191	%		(14	%)		(42	)		69		NM
Individual Life [3]		43			28			30			39			52			21	%		33	%		43			91			112	%
Group Benefits		41			85			79			50			34			(17	%)		(32	%)		107			84			(21	%)
Institutional [3]		(5	)		(7	)		(8	)		(7	)		4		NM			NM				(25	)		(3	)		88	%
Other [5]		(46	)		(27	)		2			21			14		NM				(33	%)		(41	)		35		NM
Core earnings		493			499			385			365			131			(73	%)		(64	%)		(888	)		496		NM
Net realized losses and other, net of tax and DAC, excluded from core earnings [3] [6]		(317	)		(822	)		(267	)		(179	)		(43	)		86	%		76	%		(194	)		(222	)		(14	%)
Net income (loss)	$	176		$	(323	)	$	118		$	186		$	88			(50	%)		(53	%)	$	(1,082	)	$	274		NM
Stockholders’ ROE (core earnings last 12 months to equity excluding AOCI) [7]		(19.0	%)		(8.6	%)		(1.4	%)		16.5	%		12.0	%		31.0			(4.5	)
Assets under management	$	301,672		$	334,267		$	329,731		$	344,971		$	336,358			11	%		(2	%)
DAC capitalization	$	196		$	186		$	180		$	170		$	147						(14	%)
DAC amortization	$	156		$	172		$	137		$	143		$	430					NM
DAC and PVFP assets	$	10,529		$	9,785		$	9,423		$	9,005		$	8,421						(6	%)
United States Statutory surplus [8]	$	6,068		$	5,976		$	7,287		$	7,822		$	7,141

[1]	See table on page L-5 that summarizes the DAC unlock impacts on core revenues and total revenues for the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010.
[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 International, 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]	See table on page L-5 that summarizes the DAC unlock impacts on core earnings and net income for the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010.
[4]	Includes additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-14 for additional information on the 3 Win Trigger.
[5]	Includes the after-tax charge of $54, $18, and $17 recorded in the three months ended June 30, 2009, September 30, 2009, and December 31, 2009, respectively, for restructuring.
[6]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.
[7]	Core earnings return on equity is calculated using equity attributed to Life using the Company’s capital attribution methodology.
[8]	Estimated United States statutory surplus at June 30, 2010.

L-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
REVENUES
Global Annuity Division
Global Annuity — U.S.	$	532		$	576		$	591		$	609		$	650			22	%		7	%	$	1,041		$	1,259			21	%
Global Annuity — International		243			270			267			243			256			5	%		5	%		463			499			8	%
Total Global Annuity Division		775			846			858			852			906			17	%		6	%		1,504			1,758			17	%
Retirement		277			295			305			337			353			27	%		5	%		529			690			30	%
Individual Life		305			301			299			306			316			4	%		3	%		594			622			5	%
Group Benefits		1,176			1,173			1,173			1,208			1,184			1	%		(2	%)		2,404			2,392			—
Institutional		330			274			277			273			280			(15	%)		3	%		770			553			(28	%)
Other		72			70			71			55			48			(33	%)		(13	%)		143			103			(28	%)
Core revenues before net investment income (loss) on equity securities held for trading		2,935			2,959			2,983			3,031			3,087			5	%		2	%		5,944			6,118			3	%
Net investment income (loss) and other on equity securities held for trading		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Total core revenues, excluding impacts of DAC unlock	$	5,458		$	3,597		$	3,734		$	3,732			438			(92	%)		(88	%)	$	7,743			4,170			(46	%)
DAC unlock impacts on total revenues		(36	)		(10	)		4			1			12		NM			NM				114			13			(89	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(316	)		(1,123	)		(391	)		(231	)		(29	)		91	%		87	%		61			(260	)	NM
Total revenues	$	5,106		$	2,464		$	3,347		$	3,502		$	421			(92	%)		(88	%)	$	7,918		$	3,923			(50	%)
CORE EARNINGS BY SEGMENT
Global Annuity Division
Global Annuity — U.S.	$	61		$	89		$	122		$	95		$	98			61	%		3	%	$	126		$	193			53	%
Global Annuity — International		32			58			64			51			59			84	%		16	%		1			110		NM
Total Global Annuity Division		93			147			186			146			157			69	%		8	%		127			303			139	%
Retirement		11			19			15			36			35		NM				(3	%)		12			71		NM
Individual Life		41			50			33			40			55			34	%		38	%		67			95			42	%
Group Benefits		41			85			79			50			34			(17	%)		(32	%)		107			84			(21	%)
Institutional		(5	)		(6	)		(8	)		(7	)		4		NM			NM				(25	)		(3	)		88	%
Other		(46	)		(27	)		2			21			14		NM				(33	%)		(41	)		35		NM
Core earnings, excluding impacts of DAC unlock		135			268			307			286			299			121	%		5	%		247			585			137	%
DAC unlock impacts on net income		360			62			37			85			(230	)	NM			NM				(1,130	)		(145	)		87	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(319	)		(653	)		(226	)		(185	)		19		NM			NM				(199	)		(166	)		17	%
Net income (loss)	$	176		$	(323	)	$	118		$	186		$	88			(50	%)		(53	%)	$	(1,082	)	$	274		NM

[1] This page represents financial results as reported on page L-1 excluding the impacts of the unlocks recorded in the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010, and June 30, 2010.

L-1a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
REVENUES
Earned premiums [2]	$	1,114		$	1,068		$	1,063		$	1,107		$	1,096			(2	%)		(1	%)	$	2,432		$	2,203			(9	%)
Fee income [2]		1,060			1,137			1,201			1,184			1,187			12	%		—			2,208			2,371			7	%
Net investment income (loss)
Securities available-for-sale and other		739			748			727			744			807			9	%		8	%		1,428			1,551			9	%
Equity securities held for trading [1]		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Total net investment income (loss)		3,262			1,386			1,478			1,445			(1,842	)	NM			NM				3,227			(397	)	NM
Net realized capital gains losses — core		(10	)		(2	)		(5	)		—			4		NM				—			(22	)		4		NM
Total core revenues		5,426			3,589			3,737			3,736			445			(92	%)		(88	%)		7,845			4,181			(47	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(320	)		(1,125	)		(390	)		(234	)		(24	)		93	%		90	%		73			(258	)	NM
Total revenues		5,106			2,464			3,347			3,502			421			(92	%)		(88	%)		7,918			3,923			(50	%)
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [2]		1,342			1,400			1,586			1,588			1,795			34	%		13	%		4,375			3,383			(23	%)
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Amortization of deferred policy acquisition costs and present value of future profits [2]		(12	)		43			141			202			390		NM				93	%		1,542			592			(62	%)
Insurance operating costs and other expenses [3]		850			812			798			765			775			(9	%)		1	%		1,605			1,540			(4	%)
Total benefits and expenses		4,703			2,893			3,276			3,256			311			(93	%)		(90	%)		9,321			3,567			(62	%)
CORE EARNINGS
Core earnings before income taxes		723			696			461			480			134			(81	%)		(72	%)		(1,476	)		614		NM
Income tax expense		230			197			76			115			3			(99	%)		(97	%)		(588	)		118		NM
Core earnings		493			499			385			365			131			(73	%)		(64	%)		(888	)		496		NM
Net realized losses and other, net of tax and DAC, excluded from core earnings		(317	)		(822	)		(267	)		(179	)		(43	)		86	%		76	%		(194	)		(222	)		(14	%)
Net income (loss)		176			(323	)		118			186			88			(50	%)		(53	%)		(1,082	)		274		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.
[2]	The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

	THREE MONTHS ENDED															SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
Fee Income	$	(25	)	$	(9	)	$	9		$	4		$	8		$	103		$	12
Earned Premiums		(7	)		1			(6	)		—			(1	)		(1	)		(1	)
Benefits, losses and loss adjustment expense		(345	)		(145	)		8			(51	)		135			754			84
Amortization of deferred policy acquisition costs		(272	)		(216	)		(129	)		(66	)		122			1,058			56
Income tax expense (benefit)		227			122			46			42			(82	)		(575	)		(40	)
Core earnings (loss)		358			231			78			79			(168	)		(1,135	)		(89	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		2			(169	)		(41	)		6			(62	)		5			(56	)
Net income (loss)		360			62			37			85			(230	)		(1,130	)		(145	)

[3]	Includes the before-tax charges of $72, $18, and $27 recorded in the three months ended June 30, 2009, September 30, 2009, and December 31, 2009, respectively, for restructuring.
[4]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-2

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2009		2009		2009		2010		2010		Change			Change
TOTAL ASSETS UNDER MANAGEMENT
Assets
General account	$	113,037	$	115,958	$	114,340	$	114,288	$	116,868		3	%		2	%
Separate account		133,946		155,958		150,394		160,198		154,883		16	%		(3	%)
Total assets		246,983		271,916		264,734		274,486		271,751		10	%		(1	%)
Mutual fund assets		54,689		62,351		64,997		70,485		64,607		18	%		(8	%)
Total assets under management	$	301,672	$	334,267	$	329,731	$	344,971	$	336,358		11	%		(2	%)

L-3

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

																Year Over
																Year			Sequential
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month
	2009			2009			2009			2010			2010			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	43,980		$	45,927		$	46,912		$	50,743		$	52,648			20	%		4	%
Equity securities, trading, at fair value		30,813			33,463			32,321			32,053			30,183			(2	%)		(6	%)
Equity securities, available-for-sale, at fair value		642			690			680			585			589			(8	%)		1	%
Mortgage loans		5,503			5,365			5,002			4,409			3,956			(28	%)		(10	%)
Policy loans, at outstanding balance		2,204			2,209			2,174			2,177			2,182			(1	%)		—
Limited partnerships and other alternative investments		875			860			845			841			882			1	%		5	%
Other investments		954			1,513			457			780			2,147			125	%		175	%
Short-term investments		7,365			7,478			7,079			5,608			5,356			(27	%)		(4	%)
Total investments		92,336			97,505			95,470			97,196			97,943			6	%		1	%
Cash		2,196			2,134			1,898			1,807			2,632			20	%		46	%
Premiums receivable and agents’ balances		374			365			396			342			343			(8	%)		—
Reinsurance recoverable		2,549			2,355			2,190			2,028			2,441			(4	%)		20	%
Deferred policy acquisition costs and present value of future profits		10,529			9,785			9,423			9,005			8,421			(20	%)		(6	%)
Deferred income taxes		2,528			1,637			1,679			1,248			886			(65	%)		(29	%)
Goodwill		470			470			470			470			470			—			—
Property and equipment, net		355			343			322			313			433			22	%		38	%
Other assets		1,700			1,364			2,492			1,879			3,299			94	%		76	%
Separate account assets		133,946			155,958			150,394			160,198			154,883			16	%		(3	%)
Total assets	$	246,983		$	271,916		$	264,734		$	274,486		$	271,751			10	%		(1	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	18,153		$	17,950		$	17,980		$	17,990		$	18,529			2	%		3	%
Other policyholder funds and benefits payable		49,257			47,996			45,852			45,388			46,394			(6	%)		2	%
Other policyholder funds payable — International variable annuities		30,793			33,439			32,296			32,027			30,161			(2	%)		(6	%)
Unearned premiums		145			168			168			168			169			17	%		1	%
Consumer Notes		1,199			1,193			1,136			834			452			(62	%)		(46	%)
Debt		67			67			68			—			—			(100	%)		—
Other liabilities		5,463			5,224			5,284			5,514			7,963			46	%		44	%
Separate account liabilities		133,946			155,958			150,394			160,198			154,883			16	%		(3	%)
Total liabilities		239,023			261,995			253,178			262,119			258,551			8	%		(1	%)
Equity excluding AOCI, net of tax		12,112			11,809			13,254			13,467			13,510			12	%		—
AOCI, net of tax		(4,172	)		(1,913	)		(1,727	)		(1,100	)		(310	)		93	%		72	%
Total stockholders’ equity		7,940			9,896			11,527			12,367			13,200			66	%		7	%
Noncontrolling Interest		20			25			29			—			—			(100	%)		—
Total equity		7,960			9,921			11,556			12,367			13,200			66	%		7	%
Total liabilities and equity	$	246,983		$	271,916		$	264,734		$	274,486		$	271,751			10	%		(1	%)

L-4

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

	Global Annuity			Global Annuity						Individual			Group
	U.S.			International			Retirement			Life			Benefits			Institutional			Total
YEAR-TO-DATE
Balance, December 31, 2009	$	3,764		$	1,775		$	1,037		$	2,623		$	78		$	146		$	9,423
Adjustments to unrealized gains and losses on securities available — for — sale and other		(467	)		(51	)		(281	)		(73	)		—			—			(872	)
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		3,297			1,724			756			2,550			78			146			8,551
Adjustments for business transfers		4			(34	)		34			—			—			(4	)		—
Capitalization		64			—			95			132			26			—			317
Amortization — Deferred Policy Acquisition Costs		(228	)		(123	)		(58	)		(68	)		(31	)		(16	)		(524	)
Amortization — Present Value of Future Profits		(1	)		—			—			(10	)		—			—			(11	)
Amortization — Realized Capital Gains / Losses		95			—			6			(2	)		—			—			99
Amortization — Unlock — Core		(38	)		1			(2	)		(17	)		—			—			(56	)
Amortization — Unlock — Non-core		(93	)		7			(3	)		8			—			—			(81	)
Effect of Currency Translation Adjustment		—			82			—			—			—			—			82
Balance, June 30, 2010		3,100			1,657			828			2,593			73			126			8,377
Adjustments to unrealized gains and losses on securities available — for — sale and other		(51	)		52			101			(58	)		—			—			44
Balance, June 30, 2010 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	3,049		$	1,709		$	929		$	2,535		$	73		$	126		$	8,421

	THREE MONTHS ENDED,															SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
DAC UNLOCK IMPACT ON REVENUES
Global Annuity — U.S.	$	(36	)	$	(15	)	$	(8	)	$	(1	)	$	1		$	36		$	—
Global Annuity — International		6			(1	)		—			—			—			5			—
Total Global Annuity Division		(30	)		(16	)		(8	)		(1	)		1			41			—
Individual Life		(2	)		8			11			5			6			61			11
Total DAC unlock impact on core revenues	$	(32	)	$	(8	)	$	3		$	4		$	7		$	102		$	11
DAC unlock impact on net realized gains (losses), before tax and DAC, excluded from core		(4	)		(2	)		1			(3	)		5			12			2
Total DAC unlock impact on revenues	$	(36	)	$	(10	)	$	4		$	1		$	12		$	114		$	13
DAC UNLOCK IMPACT ON CORE EARNINGS BY SEGMENT
Global Annuity — U.S.	$	246		$	224		$	90		$	57		$	(112	)	$	(743	)	$	(55	)
Global Annuity — International		110			23			(10	)		22			(50	)		(314	)		(28	)
Total Global Annuity Division		356			247			80			79			(162	)		(1,057	)		(83	)
Retirement		—			7			1			1			(3	)		(54	)		(2	)
Individual Life		2			(22	)		(3	)		(1	)		(3	)		(24	)		(4	)
Institutional		—			(1	)		—			—			—			—			—
DAC unlock impact on core earnings		358			231			78			79			(168	)		(1,135	)		(89	)
DAC unlock impact on net realized gains (losses), net of tax and DAC, excluded from core earnings [1]		2			(169	)		(41	)		6			(62	)		5			(56	)
Net income (loss)	$	360		$	62		$	37		$	85		$	(230	)	$	(1,130	)	$	(145	)

[1] Included in the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010 are income tax expense (benefits) of $3, $(95), $(12), $5 and $(40) respectively. Included in the six months ended June 30, 2009 and 2010 are income tax expense (benefits) of $7 and $(55), respectively.

L-5

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

	As of June 30, 2010
			NET AMT AT		% of NAR
	ACCOUNT VALUE [10]		RISK [9]		REINSURED			RETAINED NAR [9]
BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE
Maximum anniversary value (MAV) [1]
MAV only	$	23,810	$	9,254		70	%	$	2,794
with 5% rollup [2]		1,633		733		60	%		292
with Earnings Protection Benefit Rider (EPB) [3]		5,940		1,637		91	%		150
with 5% rollup & EPB		678		253		80	%		50
Total MAV		32,061		11,877		72	%		3,286
Asset Protection Benefit (APB) [4]		25,638		6,257		35	%		4,052
Lifetime Income Benefit (LIB) [5]		1,197		266		—	%		266
Reset [6] (5-7 years)		3,364		614		1	%		608
Return of Premium [7]/Other		20,597		1,869		2	%		1,828
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS [10]	$	82,857	$	20,883		52	%	$	10,040
Less: General Account Value Subject to U.S. Guaranteed Minimum Death Benefits		6,788
SUBTOTAL SEPARATE ACCOUNT LIABILITIES SUBJECT TO U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	76,069
Separate Account Liabilities Not Subject to U.S. Guaranteed Minimum Death Benefits		78,814
TOTAL SEPARATE ACCOUNT LIABILITIES	$	154,883
JAPAN GUARANTEED MINIMUM DEATH AND LIVING BENEFITS [8]		28,888		8,870		14	%		7,597

	As of		As of		As of		As of		As of
	June 30,		September 30,		December 31,		March 31,		June 30,
	2009		2009		2009		2010		2010
OTHER DATA
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		919.32		1,057.08		1,115.10		1,169.43		1,030.71
Total Account Value	$	81,864	$	90,076	$	91,820	$	92,694	$	82,857
Retained net amount of risk		14,558		10,218		8,545		7,047		10,040
GMDB net GAAP liability [11]		578		444		446		412		480
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	29,272	$	31,698	$	30,521	$	30,379	$	28,888
Retained net amount of risk		5,765		5,804		5,238		4,856		7,597
GMDB/GMIB net GAAP liability [11]		525		549		543		523		616

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 or 100% of adjusted premiums.
[3]	EPB: the death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB: the death benefit is the greatest of current account value, net premiums paid, or for certain contracts a benefit amount that ratchets 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. An accumulation benefit is a guarantee to return initial investment, along with a premium based on an agreed upon interest rate, paid through a fixes annuity or lump sum, after a deferral period of 10 years. A withdrawal benefit allows for an agreed upon percentage of the investment to be withdrawn each year until the investment value is reached. Guaranteed income, accumulation, and withdrawal benefits are considered living benefits. The guaranteed remaining balance related to the Japan GMIB was $29.4 billion and $28.5 billion as of June 30, 2010 and December 31, 2009, respectively. The combined guaranteed remaining balance related to the Japan GMAB and GMWB was $664 and $648 as of June 30, 2010 and December 31, 2009, respectively.
[9]	Net amount at risk is defined as the guaranteed benefit in excess of the current account value. Retained net amount at risk is net amount at risk reduced by that amount which has been reinsured to third parties. Net amount at risk and retained net amount at risk are highly sensitive to equity market movements for example, as equity market declines, net amount at risk and retained net amount at risk will generally increase.
[10]	Account Value includes the contract holder’s investment in the separate account and the general account.
[11]	For the three months ended June 30, 2009, there was a decrease to the GMDB/GMIB liability as a result of the unlock, for U.S. and Japan variable annuity business of $(158) and $(179), respectively. For the three months ended September 30, 2009, the amounts were $(117) and $(22), respectively. For the three months ended December 31, 2009 the amounts were $1 and $13, respectively. For the three months ended March 31, 2010 the amounts were $(28) and $(19), respectively. For the three months ended June 30, 2010 the amounts were $71 and $58, respectively.

L-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of June 30, 2010

Statutory Reserve Credit and Amounts Recoverable
Gross statutory reinsurance reserve credit	$	2,902
Liability for reinsurance in unauthorized companies		(7	)
Net statutory reinsurance reserve credit	$	2,895
Statutory amounts recoverable from reinsurers	$	139

The top ten reinsurers represent $2,791 or 92% of the total statutory reserve credit and amounts recoverable.

• 41% of this amount is with reinsurers rated “A+” by A.M. Best at July 27, 2010.

• 59% of this amount is with reinsurers rated “A” by A.M. Best at July 27, 2010.

L-7

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

	June 30, 2010			December 31, 2009
Statutory Capital and Surplus	$	7,141		$	7,287
GAAP Adjustments
Investment in subsidiaries		1,878			1,019
Deferred policy acquisition costs		8,421			9,423
Deferred taxes		(99	)		827
Benefit reserves		(3,649	)		(4,031	)
Unrealized losses on investments, net of impairments		(195	)		(2,757	)
Asset valuation reserve and interest maintenance reserve		297			149
Goodwill		441			413
Other, net		(1,035	)		(774	)
GAAP Stockholders’ Equity	$	13,200		$	11,556

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
GLOBAL ANNUITY — U.S.
HIGHLIGHTS [1]

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			September 30,			December 31,			March 31,			June 30,			3 Months			3 Months			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
GLOBAL ANNUITY — U.S. — DEPOSITS
Variable	$	701		$	622		$	631		$	454		$	386			(45	%)		(15	%)	$	1,403		$	840			(40	%)
Fixed MVA and other		281			214			171			182			36			(87	%)		(80	%)		914			218			(76	%)
Total deposits by product	$	982		$	836		$	802		$	636		$	422			(57	%)		(34	%)	$	2,317		$	1,058			(54	%)
GLOBAL ANNUITY — U.S. — NET FLOWS
Variable	$	(1,596	)	$	(1,683	)	$	(1,879	)	$	(2,319	)	$	(2,454	)		(54	%)		(6	%)	$	(3,560	)	$	(4,773	)		(34	%)
Fixed MVA and other		48			(21	)		(123	)		(119	)		(373	)	NM			NM				385			(492	)	NM
Total net flows by product	$	(1,548	)	$	(1,704	)	$	(2,002	)	$	(2,438	)	$	(2,827	)		(83	%)		(16	%)	$	(3,175	)	$	(5,265	)		(66	%)
GLOBAL ANNUITY — U.S. — AUM
General account	$	16,516		$	16,526		$	16,456		$	17,080		$	16,951			3	%		(1	%)
Non-guaranteed separate account [2]		71,046			78,873			80,333			81,063			71,589			1	%		(12	%)
Total Global Annuity — U.S. — AUM	$	87,562		$	95,399		$	96,789		$	98,143		$	88,540			1	%		(10	%)
BY PRODUCT
Global Annuity — U.S.
Individual Variable Annuities
General account	$	4,670		$	4,560		$	4,471		$	4,393		$	4,372			(6	%)		—
Non-guaranteed separate account [2]		70,943			78,755			80,208			80,927			71,589			1	%		(12	%)
Total individual variable annuities		75,613			83,315			84,679			85,320			75,961			—			(11	%)
Fixed MVA & other individual annuities		11,949			12,084			12,110			12,823			12,579			5	%		(2	%)
Total Global Annuity — U.S. — AUM by product	$	87,562		$	95,399		$	96,789		$	98,143		$	88,540			1	%		(10	%)

[1]	The single premium immediate annuity (“SPIA”) business was transferred to Global Annuity - U.S. from Institutional, effective January 1, 2010 on a prospective basis.
[2]	Included in individual variable annuity separate account assets are The Hartford sponsored Proprietary Mutual Funds which are reported separately in the Mutual Funds business, as they generate earnings for both segments.

L-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GLOBAL ANNUITY — U.S. [1]
INCOME STATEMENTS

	THREE MONTHS ENDED															Year Over Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	325		$	352		$	371		$	356		$	354			9	%		(1	%)	$	627		$	710			13	%
Other fees [2]		(4	)		6			19			22			23		NM				5	%		89			45			(49	%)
Total fee income		321			358			390			378			377			17	%		—			716			755			5	%
Direct premiums		26			24			23			51			79		NM				55	%		44			130			195	%
Reinsurance premiums [2]		(30	)		(22	)		(30	)		(22	)		(23	)		23	%		(5	%)		(46	)		(45	)		2	%
Net premiums		(4	)		2			(7	)		29			56		NM				93	%		(2	)		85		NM
Total premiums and other considerations		317			360			383			407			433			37	%		6	%		714			840			18	%
Net investment income
Net investment income on G/A assets		181			203			197			194			206			14	%		6	%		350			400			14	%
Net investment income on assigned capital		19			20			18			14			14			(26	%)		—			32			28			(13	%)
Charge for invested capital		(16	)		(20	)		(15	)		(8	)		(4	)		75	%		50	%		(14	)		(12	)		14	%
Total net investment income		184			203			200			200			216			17	%		8	%		368			416			13	%
Net realized capital gains (losses) — core		(5	)		(2	)		—			1			2		NM				100	%		(5	)		3		NM
Total core revenues		496			561			583			608			651			31	%		7	%		1,077			1,259			17	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(5	)		(622	)		149			(51	)		(80	)	NM				(57	%)		481			(131	)	NM
Total revenues		491			(61	)		732			557			571			16	%		3	%		1,558			1,128			(28	%)
Benefits and Expenses
Benefits and losses
Death benefits [2]		(116	)		(88	)		27			1			102		NM			NM				439			103			(77	%)
Other contract benefits		15			17			22			31			40			167	%		29	%		37			71			92	%
Change in reserve		12			9			9			27			56		NM				107	%		16			83		NM
Sales inducements [2]		(5	)		(1	)		4			7			17		NM				143	%		75			24			(68	%)
Interest credited on G/A assets		171			174			169			170			164			(4	%)		(4	%)		340			334			(2	%)
Total benefits and losses		77			111			231			236			379		NM				61	%		907			615			(32	%)
Other insurance expenses
Commissions & wholesaling expenses		126			129			128			121			103			(18	%)		(15	%)		261			224			(14	%)
Operating expenses		49			45			49			43			48			(2	%)		12	%		98			91			(7	%)
Premium taxes and other expenses		4			5			6			6			6			50	%		—			8			12			50	%
Subtotal — expenses before deferral		179			179			183			170			157			(12	%)		(8	%)		367			327			(11	%)
Deferred policy acquisition costs		(55	)		(57	)		(47	)		(39	)		(25	)		55	%		36	%		(120	)		(64	)		47	%
Total other insurance expense		124			122			136			131			132			6	%		1	%		247			263			6	%
Amortization of deferred policy acquisition costs [2]		(125	)		(111	)		(14	)		60			207		NM			NM				975			267			(73	%)
Total benefits and expenses		76			122			353			427			718		NM				68	%		2,129			1,145			(46	%)
Core earnings (loss) before income taxes		420			439			230			181			(67	)	NM			NM				(1,052	)		114		NM
Income tax expense (benefit) [2] [3]		113			126			18			29			(53	)	NM			NM				(435	)		(24	)		94	%
Core earnings (loss) [2]		307			313			212			152			(14	)	NM			NM				(617	)		138		NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [2] [4]		(119	)		(496	)		85			1			(93	)		22	%	NM				59			(92	)	NM
Net income (loss) [2]	$	188		$	(183	)	$	297		$	153		$	(107	)	NM			NM			$	(558	)	$	46		NM
RETURN ON ASSETS (After-tax bps)
Core earnings		146.6			136.9			88.2			62.2			(6.0	)	NM			NM				(142.3	)		29.7		NM
Net income (loss)		89.8			(80.0	)		123.6			62.6			(45.9	)	NM			NM				(128.7	)		9.9		NM

[1]	The SPIA business was transferred to Global Annuity — U.S. from Institutional, effective January 1, 2010 on a prospective basis.
[2]	The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

	THREE MONTH ENDED															SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
Other Fees	$	(29	)	$	(16	)	$	(2	)	$	(1	)	$	2		$	37		$	1
Reinsurance Premiums		(7	)		1			(6	)		—			(1	)		(1	)		(1	)
Death Benefits		(158	)		(117	)		1			(28	)		71			353			43
Sales Inducements		(15	)		(11	)		(8	)		(3	)		6			56			3
Amortization of deferred policy acquisition costs		(241	)		(232	)		(139	)		(56	)		94			770			38
Income tax expense (benefit)		132			121			48			29			(58	)		(400	)		(29	)
Core earnings (loss)		246			224			90			57			(112	)		(743	)		(55	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		7			(155	)		(33	)		3			(68	)		11			(65	)
Net income (loss)		253			69			57			60			(180	)		(732	)		(120	)

[3]	Included in the three months ended, December 31, 2009, is a DRD tax benefit of $30 related to the conclusion of the 2004 through 2006 IRS examination.
[4]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GLOBAL ANNUITY — U.S.
SUPPLEMENTAL DATA — GLOBAL ANNUITY — U.S. — ACCOUNT VALUE ROLL FORWARD [1]

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2009			2009			2009			2010			2010
VARIABLE ANNUITIES
Beginning balance	$	68,166		$	75,613		$	83,315		$	84,679		$	85,320
Deposits		701			622			631			454			386
Surrenders		(1,929	)		(1,954	)		(2,161	)		(2,361	)		(2,430	)
Death benefits/annuity payouts		(351	)		(340	)		(336	)		(399	)		(393	)
Transfers [2]		(17	)		(11	)		(13	)		(13	)		(17	)
Net Flows		(1,596	)		(1,683	)		(1,879	)		(2,319	)		(2,454	)
Change in market value/change in reserve/interest credited		9,048			9,389			3,246			2,965			(6,900	)
Other [3]		(5	)		(4	)		(3	)		(5	)		(5	)
Ending balance	$	75,613		$	83,315		$	84,679		$	85,320		$	75,961
FIXED MVA AND OTHER
Beginning balance	$	11,747		$	11,949		$	12,084		$	12,110		$	12,823
Transfer in of SPIA [4]		—			—			—			683			—
Deposits		281			214			171			182			36
Surrenders		(164	)		(171	)		(223	)		(220	)		(318	)
Death benefits/annuity payouts		(110	)		(110	)		(116	)		(135	)		(142	)
Transfers [2]		41			46			45			54			51
Net Flows		48			(21	)		(123	)		(119	)		(373	)
Change in market value/change in reserve/interest credited		154			156			149			149			129
Ending balance	$	11,949		$	12,084		$	12,110		$	12,823		$	12,579
TOTAL GLOBAL ANNUITY - U.S.
Beginning balance	$	79,913		$	87,562		$	95,399		$	96,789		$	98,143
Transfer in of SPIA [4]		—			—			—			683			—
Deposits		982			836			802			636			422
Surrenders		(2,093	)		(2,125	)		(2,384	)		(2,581	)		(2,748	)
Death benefits/annuity payouts		(461	)		(450	)		(452	)		(534	)		(535	)
Transfers [2]		24			35			32			41			34
Net Flows		(1,548	)		(1,704	)		(2,002	)		(2,438	)		(2,827	)
Change in market value/change in reserve/interest credited		9,202			9,545			3,395			3,114			(6,771	)
Other [3]		(5	)		(4	)		(3	)		(5	)		(5	)
Ending balance	$	87,562		$	95,399		$	96,789		$	98,143		$	88,540

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.
[3]	Includes a bonus on certain products, front end loads on A share products and annual maintenance fees.
[4]	The SPIA business was transferred to Global Annuity — U.S. from Institutional, effective January 1, 2010 on a prospective basis.

L-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GLOBAL ANNUITY — INTERNATIONAL
HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Months			3 Months			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
CORE EARNINGS
Japan operations	$	213		$	78		$	50		$	74		$	19			(91	%)		(74	%)	$	(217	)	$	93		NM
Other international operations [1]		(71	)		3			4			(1	)		(10	)		86	%	NM				(96	)		(11	)		89	%
Core earnings (loss)	$	142		$	81		$	54		$	73		$	9			(94	%)		(88	%)	$	(313	)	$	82		NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [2]		(23	)		(113	)		(31	)		(50	)		(7	)		70	%		86	%		139			(57	)	NM
Net income (loss)	$	119		$	(32	)	$	23		$	23		$	2			(98	%)		(91	%)	$	(174	)	$	25		NM
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	(161	)	$	(249	)	$	(310	)	$	(428	)	$	(361	)		(124	%)		16	%	$	(241	)	$	(789	)	NM
Fixed MVA and other		(67	)		(55	)		(229	)		(87	)		(59	)		12	%		32	%		(116	)		(146	)		(26	%)
Total net flows by product	$	(228	)	$	(304	)	$	(539	)	$	(515	)	$	(420	)		(84	%)		18	%	$	(357	)	$	(935	)		(162	%)
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	(15,543	)	¥	(23,338	)	¥	(27,900	)	¥	(38,880	)	¥	(33,247	)		(114	%)		14	%	¥	(23,028	)	¥	(72,127	)	NM
Fixed MVA and other		(6,467	)		(5,160	)		(20,420	)		(7,925	)		(5,424	)		16	%		32	%		(11,098	)		(13,349	)		(20	%)
Total net flows by product	¥	(22,010	)	¥	(28,498	)	¥	(48,320	)	¥	(46,805	)	¥	(38,671	)		(76	%)		17	%	¥	(34,126	)	¥	(85,476	)		(150	%)
JAPAN AUM — Dollars
Individual Annuity
Variable	$	29,272		$	31,698		$	30,521		$	30,379		$	28,888			(1	%)		(5	%)
Fixed MVA and other [3]		4,437			4,732			4,365			4,294			4,488			1	%		5	%
Total AUM by product	$	33,709		$	36,430		$	34,886		$	34,673		$	33,376			(1	%)		(4	%)
JAPAN AUM — Yen
Individual Annuity
Variable	¥	2,824,321		¥	2,838,078		¥	2,841,386		¥	2,838,636		¥	2,556,340			(9	%)		(10	%)
Fixed MVA and other [3]		428,035			423,675			406,370			406,624			397,143			(7	%)		(2	%)
Total AUM by product	¥	3,252,356		¥	3,261,753		¥	3,247,756		¥	3,245,260		¥	2,953,483			(9	%)		(9	%)

[1]	The Canadian business was transferred from Global Annuity-International to Retirement, effective January 1, 2010 on a prospective basis.
[2]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.
[3]	Of the total ending fixed MVA and other balance as of June 30, 2010 of $4.5 billion and ¥397.1 billion, approximately $1.9 billion and ¥166.2 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L-12

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	165		$	179		$	184		$	177		$	173			5	%		(2	%)	$	324		$	350			8	%
Other fees		12			13			13			16			15			25	%		(6	%)		24			31			29	%
Total fee income		177			192			197			193			188			6	%		(3	%)		348			381			9	%
Reinsurance premiums		(1	)		(2	)		(2	)		(2	)		(2	)		(100	%)		—			(3	)		(4	)		(33	%)
Total premiums and other considerations		176			190			195			191			186			6	%		(3	%)		345			377			9	%
Net investment income
Net investment income on G/A assets		39			37			36			36			36			(8	%)		—			68			72			6	%
Net investment income on assigned capital		8			11			8			3			9			13	%	NM				20			12			(40	%)
Charge for invested capital		—			(2	)		(2	)		(4	)		2			—		NM				—			(2	)		—
Total net investment income		47			46			42			35			47			—			34	%		88			82			(7	%)
Net realized capital gains (losses) — core		2			8			1			3			7		NM				133	%		(3	)		10		NM
Total core revenues		225			244			238			229			240			7	%		5	%		430			469			9	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(55	)		(173	)		27			(65	)		(21	)		62	%		68	%		205			(86	)	NM
Total revenues		170			71			265			164			219			29	%		34	%		635			383			(40	%)
Benefits and Expenses
Benefits and losses
Death and other benefits [1]		(133	)		16			53			21			102		NM			NM				421			123			(71	%)
Change in reserve		—			(2	)		1			—			1			—			—			58			1			(98	%)
Sales inducements		1			3			1			—			—			(100	%)		—			—			—			—
Interest credited on G/A assets		11			11			11			12			11			—			(8	%)		23			23			—
Total benefits and losses		(121	)		28			66			33			114		NM			NM				502			147			(71	%)
Other insurance expenses
Commissions & wholesaling expenses		20			10			9			9			8			(60	%)		(11	%)		47			17			(64	%)
Operating expenses		37			33			32			24			25			(32	%)		4	%		76			49			(36	%)
Premium taxes and other expenses		4			4			8			6			5			25	%		(17	%)		9			11			22	%
Subtotal — expenses before deferral		61			47			49			39			38			(38	%)		(3	%)		132			77			(42	%)
Deferred policy acquisition costs		(7	)		(1	)		(1	)		—			—			100	%		—			(21	)		—			100	%
Total other insurance expense		54			46			48			39			38			(30	%)		(3	%)		111			77			(31	%)
Amortization of deferred policy acquisition costs [1]		(36	)		50			47			44			58		NM				32	%		151			102			(32	%)
Total benefits and expenses		(103	)		124			161			116			210		NM				81	%		764			326			(57	%)
Core earnings before income taxes		328			120			77			113			30			(91	%)		(73	%)		(334	)		143		NM
Income tax expense [1]		115			42			27			39			11			(90	%)		(72	%)		(117	)		50		NM
Core earnings [1] [2]		213			78			50			74			19			(91	%)		(74	%)		(217	)		93		NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3]		(41	)		(121	)		26			(46	)		(12	)		71	%		74	%		126			(58	)	NM
Net income (loss) [1]	$	172		$	(43	)	$	76		$	28		$	7			(96	%)		(75	%)	$	(91	)	$	35		NM
RETURN ON ASSETS (After-tax bps)
Core earnings		263.6			89.0			56.1			85.1			22.3			(92	%)		(74	%)		(127.3	)		54.5		NM
Net income		212.8			(49.0	)		85.3			32.2			8.2			(96	%)		(75	%)		(53.4	)		20.5		NM

[1] The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

	THREE MONTH ENDED															SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
Death and other benefits	$	(179	)	$	(22	)	$	13		$	(19	)	$	58		$	330		$	39
Sales Inducements		—			2			1			—			—			1			—
Amortization of deferred policy acquisition costs		(86	)		(6	)		(8	)		(14	)		2			49			(12	)
Income tax expense (benefit)		92			9			(1	)		12			(21	)		(133	)		(9	)
Core earnings (loss)		173			17			(5	)		21			(39	)		(247	)		(18	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		3			(6	)		(1	)		—			—			5			—
Net income (loss)		176			11			(6	)		21			(39	)		(242	)		(18	)

[2]	Includes the after-tax charge of $40 recorded in the three months ended March 31, 2009 for the effect of the triggering of the guaranteed minimum income benefit for the 3 Win product on amortization of deferred policy acquisition costs and policyholder benefits. See Note 2 on page L-14 for additional information on the 3Win Trigger.
[3]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GLOBAL ANNUITY — INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLL FORWARD — Dollars

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2009			2009			2009			2010			2010
VARIABLE ANNUITIES
Beginning balance	$	26,567		$	29,272		$	31,698		$	30,521		$	30,379
Deposits/Premiums/other		100			17			9			6			1
Surrenders		(164	)		(166	)		(201	)		(304	)		(236	)
Death benefits/annuitizations/other [1]		(97	)		(100	)		(118	)		(130	)		(126	)
Net Flows		(161	)		(249	)		(310	)		(428	)		(361	)
Change in market value/currency/change in reserve/interest credited		2,209			381			339			403			(2,719	)
Effect of currency translation		657			2,294			(1,206	)		(117	)		1,589
Ending balance	$	29,272		$	31,698		$	30,521		$	30,379		$	28,888
FIXED MVA AND OTHER [2]
Beginning balance	$	4,379		$	4,437		$	4,732		$	4,365		$	4,294
Deposits/Premiums/other		2			(0	)		—			—			—
Surrenders		(42	)		(28	)		(24	)		(54	)		(27	)
Death benefits/annuitizations/other [1]		(27	)		(27	)		(205	)		(33	)		(32	)
Net Flows		(67	)		(55	)		(229	)		(87	)		(59	)
Change in market value/currency/change in reserve/interest credited		21			8			34			30			15
Effect of currency translation		104			342			(172	)		(14	)		238
Ending balance	$	4,437		$	4,732		$	4,365		$	4,294		$	4,488
TOTAL JAPAN
Beginning balance	$	30,946		$	33,709		$	36,430		$	34,886		$	34,673
Deposits/Premiums/other		102			17			9			6			1
Surrenders		(206	)		(194	)		(225	)		(358	)		(263	)
Death benefits/annuitizations/other [1]		(124	)		(127	)		(323	)		(163	)		(158	)
Net Flows		(228	)		(304	)		(539	)		(515	)		(420	)
Change in market value/change in reserve/interest credited		2,230			389			373			433			(2,704	)
Effect of currency translation		761			2,636			(1,378	)		(131	)		1,827
Ending balance	$	33,709		$	36,430		$	34,886		$	34,673		$	33,376

[1]

Included in the three months ended June 30, 2010 are current period payments of $8 and interest credited of $16 related to 3 Win “GMIB” policies that triggered in fourth quarter 2008 and first quarter 2009 for option (2), which are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited. The 3 Win guaranteed minimum benefit “GMIB” requires the policyholder to elect one of the two options; either (1) receive 80% of their initial deposit without surrender penalty or (2) receive 100% of the initial deposit via a 15 year pay out annuity.

[2]

Of the total ending fixed MVA and other balance as of June 30, 2010 of $4.5 billion, approximately $1.9 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Win product. This account value is not expected to generate material future profit or loss to the Company.

L-14

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	44		$	50		$	51		$	54		$	56			27	%		4	%	$	84		$	110			31	%
Mutual fund and other fees		35			33			36			31			31			(11	%)		—			67			62			(7	%)
Total fee income		79			83			87			85			87			10	%		2	%		151			172			14	%
Direct premiums		1			1			—			2			2			100	%		—			2			4			100	%
Total premiums and other considerations		80			84			87			87			89			11	%		2	%		153			176			15	%
Net investment income
Net investment income on G/A assets		78			79			76			79			91			17	%		15	%		154			170			10	%
Net investment income on assigned capital		2			2			2			2			2			—			—			3			4			33	%
Charge for invested capital		—			(1	)		—			—			—			—			—			—			—			—
Total net investment income		80			80			78			81			93			16	%		15	%		157			174			11	%
Net realized losses — core		(2	)		(1	)		(2	)		(2	)		(1	)		50	%		50	%		(4	)		(3	)		25	%
Total core revenues		158			163			163			166			181			15	%		9	%		306			347			13	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		(78	)		(88	)		(103	)		(14	)		7		NM			NM				(135	)		(7	)		95	%
Total revenues		80			75			60			152			188			135	%		24	%		171			340			99	%
Benefits and Expenses
Benefits and losses
Death benefits [2]		(2	)		—			(2	)		—			1		NM				—			2			1			(50	%)
Other contract benefits		11			10			11			15			15			36	%		—			22			30			36	%
Change in reserve		(5	)		(5	)		(4	)		(11	)		(6	)		(20	%)		45	%		(10	)		(17	)		(70	%)
Sales inducements [2]		1			—			—			—			—			(100	%)		—			2			—			(100	%)
Interest credited on G/A assets		63			58			60			59			60			(5	%)		2	%		126			119			(6	%)
Total benefits and losses		68			63			65			63			70			3	%		11	%		142			133			(6	%)
Other insurance expenses
Commissions & wholesaling expenses		33			36			36			45			40			21	%		(11	%)		67			85			27	%
Operating expenses [3]		71			71			86			70			69			(3	%)		(1	%)		141			139			(1	%)
Premium taxes and other expenses		6			7			8			6			4			(33	%)		(33	%)		12			10			(17	%)
Subtotal — expenses before deferral		110			114			130			121			113			3	%		(7	%)		220			234			6	%
Deferred policy acquisition costs		(29	)		(33	)		(25	)		(36	)		(32	)		(10	%)		11	%		(60	)		(68	)		(13	%)
Total other insurance expense		81			81			105			85			81			—			(5	%)		160			166			4	%
Amortization of deferred policy acquisition costs [2]		6			(4	)		6			8			21		NM				163	%		90			29			(68	%)
Total benefits and expenses		155			140			176			156			172			11	%		10	%		392			328			(16	%)
Core earnings (loss) before income taxes		3			23			(13	)		10			9		NM				(10	%)		(86	)		19		NM
Income tax expense (benefit) [2]		(3	)		8			(12	)		(1	)		(1	)		67	%		—			(38	)		(2	)		95	%
Core earnings (loss) [2]		6			15			(1	)		11			10			67	%		(9	%)		(48	)		21		NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings [1] [3]		(46	)		(49	)		(59	)		(17	)		4		NM			NM				(80	)		(13	)		84	%
Net income (loss) [2]	$	(40	)	$	(34	)	$	(60	)	$	(6	)	$	14		NM			NM			$	(128	)	$	8		NM
RETURN ON ASSETS (After-tax bps)
Core earnings		6.4			14.7			(0.9	)		9.7			8.9			39	%		(8	%)		(25.3	)		9.6		NM
Net income (loss)		(42.8	)		(33.3	)		(55.4	)		(5.3	)		12.4		NM			NM				(67.5	)		3.6		NM

[1]	The lifetime income and maturity funding business was transferred from Institutional to Retirement Plans effective January 1, 2010 on a prospective basis.
[2]	The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

	THREE MONTH ENDED															SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
Death Benefits	$	(1	)	$	(1	)	$	(1	)	$	—		$	—		$	2		$	—
Sales Inducements		—			—			—			—			—			2			—
Amortization of deferred policy acquisition costs		1			(10	)		—			(2	)		4			79			2
Income tax expense (benefit)		—			4			—			1			(1	)		(29	)		—
Core earnings (loss)		—			7			1			1			(3	)		(54	)		(2	)
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		1			(7	)		(1	)		—			(2	)		(2	)		(2	)
Net income (loss)		1			—			—			1			(5	)		(56	)		(4	)

[3]	The three months ended December 31, 2009, includes a litigation accrual of $14, before tax.
[4]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT — MUTUAL FUNDS [1]
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
Mutual fund and other fees	$	125		$	137		$	148		$	173		$	174			39	%		1	%	$	233		$	347			49	%
Total fee income		125			137			148			173			174			39	%		1	%		233			347			49	%
Net investment loss
Net investment income (loss) on G/A assets		(4	)		(3	)		(4	)		—			1		NM				—			(7	)		1		NM
Net investment loss on assigned capital		(2	)		(2	)		(2	)		(2	)		(3	)		(50	%)		(50	%)		(3	)		(5	)		(67	%)
Total net investment loss		(6	)		(5	)		(6	)		(2	)		(2	)		67	%		—			(10	)		(4	)		60	%
Total core revenues		119			132			142			171			172			45	%		1	%		223			343			54	%
Net realized gains, before tax and DAC, excluded from core revenues		—			—			—			1			—			—			(100	%)		—			1			—
Total revenues		119			132			142			172			172			45	%		—			223			344			54	%
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		82			85			85			96			94			15	%		(2	%)		149			190			28	%
Operating expenses		24			25			26			32			33			38	%		3	%		49			65			33	%
Premium taxes and other expenses		5			3			4			3			6			20	%		100	%		10			9			(10	%)
Subtotal — expenses before deferral		111			113			115			131			133			20	%		2	%		208			264			27	%
Deferred policy acquisition costs		(12	)		(10	)		(10	)		(15	)		(12	)		—			20	%		(21	)		(27	)		(29	%)
Total other insurance expense		99			103			105			116			121			22	%		4	%		187			237			27	%
Amortization of deferred policy acquisition costs		13			11			12			15			16			23	%		7	%		27			31			15	%
Total benefits and expenses		112			114			117			131			137			22	%		5	%		214			268			25	%
Core earnings before income taxes		7			18			25			40			35		NM				(13	%)		9			75		NM
Income tax expense		2			7			8			14			13		NM				(7	%)		3			27		NM
Core earnings		5			11			17			26			22		NM				(15	%)		6			48		NM
Net realized gains (losses), net of tax and DAC,   excluded from core earnings [2]		(1	)		—			—			—			1		NM				—			—			1			—
Net income	$	4		$	11		$	17		$	26		$	23		NM				(12	%)	$	6		$	49		NM
RETURN ON ASSETS (After-tax bps)
Core earnings		6.1			11.4			15.9			10.9			9.5			56	%		(13	%)		3.5			10.6		NM
Net income		4.9			11.4			15.9			10.9			9.9			102	%		(9	%)		3.5			10.8		NM

[1]

The Canadian business and Investment-Only Mutual Funds business were transferred from Global Annuity-International and Institutional, respectively, to Mutual Funds, effective January 1, 2010, on a prospective basis. Additionally, the Proprietary Mutual Funds business was transferred from Global Annuity-U.S., Retirement Plans, and Individual Life to Global Mutual Funds, effective January 1, 2010, on a prospective basis.

[2]

See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-16

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2009		2009		2009		2010		2010		Change			Change			2009		2010		Change
RETIREMENT PLANS [1]
401(k) Annuity		847		987		1,038		1,668		1,155		36	%		(31	%)		2,000		2,823		41	%
403(b)/457 Annuity		327		280		340		322		314		(4	%)		(2	%)		684		636		(7	%)
Total Retirement Plans Annuity deposits		1,174		1,267		1,378		1,990		1,469		25	%		(26	%)		2,684		3,459		29	%
401(k)/403(b) mutual funds		595		535		462		571		504		(15	%)		(12	%)		1,314		1,075		(18	%)
Total Retirement Plans Deposits		1,769		1,802		1,840		2,561		1,973		12	%		(23	%)		3,998		4,534		13	%
NON-PROPRIETARY & CANADIAN MUTUAL FUNDS [2] [3]
Retail Mutual Funds		3,075		3,111		3,131		3,428		3,444		12	%		—			5,325		6,872		29	%
Investment Only Mutual Funds		—		—		—		785		693		—			(12	%)		—		1,478		—
529 College Savings Plan/Canada		42		43		52		196		157	NM				(20	%)		99		353	NM
Total Non-Proprietary & Canadian Mutual Funds Deposits		3,117		3,154		3,183		4,409		4,294		38	%		(3	%)		5,424		8,703		60	%
Total Retirement Deposits		4,886		4,956		5,023		6,970		6,267		28	%		(10	%)		9,422		13,237		40	%

[1]	The Lifetime Income & Maturity Funding business was transferred to Retirement Plans from Institutional, effective January 1, 2010, on a prospective basis.
[2]	The Investment Only Mutual Funds business was transferred to Mutual Funds from Institutional, effective January 1, 2010, on a prospective basis.
[3]	The Canadian business was transferred to Mutual Funds from Global Annuity — International, effective January 1, 2010, on a prospective basis.

L-17

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2009		2009		2009		2010		2010		Change			Change
RETIREMENT PLANS
General account	$	6,385	$	6,372	$	6,456	$	6,781	$	6,929		9	%		2	%
Guaranteed separate account		—		—		—		—		2		—			—
Non-guaranteed separate account		17,105		19,727		20,802		22,497		21,012		23	%		(7	%)
Total Retirement Plans account value	$	23,490	$	26,099	$	27,258	$	29,278	$	27,943		19	%		(5	%)
401(k)/403(b) mutual funds		15,342		16,648		16,704		17,186		15,848		3	%		(8	%)
Total Retirement Plans Assets Under Management	$	38,832	$	42,747	$	43,962	$	46,464	$	43,791		13	%		(6	%)
MUTUAL FUNDS
Retail mutual fund assets	$	34,708	$	40,127	$	42,829	$	45,227	$	41,162		19	%		(9	%)
Investment Only mutual fund assets		—		—		—		5,245		4,919		—			(6	%)
Proprietary mutual fund assets [1]		—		—		—		44,403		39,402		—			(11	%)
529 College Savings Plan/Canada assets		985		1,123		1,202		2,827		2,678		172	%		(5	%)
Total Global Fund Assets	$	35,693	$	41,250	$	44,031	$	97,702		88,161		147	%		(10	%)
Total Retirement Assets Under Management	$	74,525	$	83,997	$	87,993	$	144,166		131,952		77	%		(8	%)
Assets Under Administration [2]	$	5,372	$	5,867	$	5,588	$	5,755	$	5,348		—			(7	%)
Number of Participants [3]		162,610		157,867		153,799		154,504		145,805		(10	%)		(6	%)

[1]	The Proprietary mutual fund assets are included in Individual Variable Annuity, Retirement Plans, and Individual Life as they generate earnings for these segments.
[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-18

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

	THREE MONTHS ENDED,
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2009			2009			2009			2010			2010
401(k) GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	11,848		$	13,535		$	15,339		$	16,142		$	17,776
Transfer in of Lifetime Income & Maturity Funding [4]		—			—			—			194			—
Deposits		847			987			1,038			1,668			1,155
Surrenders		(587	)		(723	)		(782	)		(770	)		(706	)
Death benefits/annuity payouts		(3	)		(13	)		(7	)		(16	)		(17	)
Net Flows		257			251			249			882			432
Change in market value/change in reserve/interest credited		1,430			1,553			554			558			(1,283	)
Other		—			—			—			—			1
Ending balance	$	13,535		$	15,339		$	16,142		$	17,776		$	16,926
403(b)/457 GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	10,004		$	9,955		$	10,760		$	11,116		$	11,502
Deposits		327			280			340			322			314
Surrenders		(1,158	)		(263	)		(319	)		(264	)		(195	)
Death benefits/annuity payouts		(11	)		(9	)		(12	)		(10	)		(12	)
Net Flows		(842	)		8			9			48			107
Change in market value/change in reserve/interest credited		793			797			347			338			(592	)
Ending balance	$	9,955		$	10,760		$	11,116		$	11,502		$	11,017
401(k)/403(b) MUTUAL FUNDS ASSETS [2] [3]
Beginning balance	$	14,144		$	15,342		$	16,648		$	16,704		$	17,186
Deposits		595			535			462			571			504
Surrenders		(1,292	)		(1,283	)		(779	)		(806	)		(804	)
Net Flows		(697	)		(748	)		(317	)		(235	)		(300	)
Change in market value/change in reserve/interest credited		1,895			2,054			373			717			(1,037	)
Other		—			—			—			—			(1	)
Ending balance	$	15,342		$	16,648		$	16,704		$	17,186		$	15,848
TOTAL RETIREMENT
Beginning balance	$	35,996		$	38,832		$	42,747		$	43,962		$	46,464
Transfer in of Lifetime Income & Maturity Funding [4]		—			—			—			194			—
Deposits		1,769			1,802			1,840			2,561			1,973
Surrenders		(3,037	)		(2,269	)		(1,880	)		(1,840	)		(1,705	)
Death benefits/annuity payouts		(14	)		(22	)		(19	)		(26	)		(29	)
Net Flows		(1,282	)		(489	)		(59	)		695			239
Change in market value/change in reserve/interest credited		4,118			4,404			1,274			1,613			(2,912	)
Ending balance	$	38,832		$	42,747		$	43,962		$	46,464		$	43,791

[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]	The Lifetime Income & Maturity Funding business was transferred from Institutional to Retirement Plans, effective January 1, 2010, on a prospective basis.

L-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
RETIREMENT
SUPPLEMENTAL DATA — MUTUAL FUNDS — ASSET ROLL FORWARD

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2009			2009			2009			2010			2010
NON-PROPRIETARY & CANADIAN MUTUAL FUNDS [1] [2]
Beginning balance	$	29,543		$	35,693		$	41,250		$	44,031		$	53,299
Transfers in of Investment Only Mutual Funds and Canadian Business		—			—			—			5,617			—
Deposits		3,117			3,154			3,183			4,409			4,294
Redemptions		(1,960	)		(2,358	)		(2,554	)		(2,943	)		(3,398	)
Net Flows		1,157			796			629			1,466			896
Change in market value		5,020			4,788			2,180			2,165			(5,336	)
Effect of currency translation		—			—			—			49			(72	)
Other [3]		(27	)		(27	)		(28	)		(29	)		(28	)
Ending balance	$	35,693		$	41,250		$	44,031		$	53,299			48,759
PROPRIETARY MUTUAL FUNDS [4]
Beginning balance	$	—		$	—		$	—		$	—		$	44,403
Transfers in of Proprietary Mutual Funds		—			—			—			43,890			—
Net Flows		—			—			—			(1,324	)		(1,140	)
Change in market value		—			—			—			1,837			(3,861	)
Ending balance	$	—		$	—		$	—		$	44,403		$	39,402

[1]	The Investment Only Mutual Funds business was transferred to Mutual Funds from Institutional, effective January 1, 2010, on a prospective basis. Additionally, the Canadian business was transferred from Global Annuity-International to Mutual Funds, effective January 1, 2010 on a prospective basis.
[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]	Includes front end loads on A share products
[4]	Includes Company sponsored mutual fund assets that are held in separate accounts supporting variable insurance and investment products.

L-20

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

																Year Over
																Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
Variable life fees	$	12		$	12		$	13		$	13		$	13			8	%		—		$	23		$	26			13	%
Cost of insurance charges		153			154			157			156			158			3	%		1	%		305			314			3	%
Other fees [1]		75			80			80			72			70			(7	%)		(3	%)		205			142			(31	%)
Total fee income		240			246			250			241			241			—			—			533			482			(10	%)
Direct premiums		33			33			35			33			35			6	%		6	%		64			68			6	%
Reinsurance premiums		(53	)		(55	)		(61	)		(55	)		(58	)		(9	%)		(5	%)		(103	)		(113	)		(10	%)
Net premiums		(20	)		(22	)		(26	)		(22	)		(23	)		(15	%)		(5	%)		(39	)		(45	)		(15	%)
Total premiums and other considerations		220			224			224			219			218			(1	%)		—			494			437			(12	%)
Net investment income
Net investment income on G/A assets		89			90			90			96			105			18	%		9	%		171			201			18	%
Net investment income on assigned capital		1			2			1			2			4		NM				100	%		3			6			100	%
Charge for invested capital		(6	)		(6	)		(5	)		(5	)		(5	)		17	%		—			(11	)		(10	)		9	%
Total net investment income		84			86			86			93			104			24	%		12	%		163			197			21	%
Net realized capital losses — core		(1	)		(1	)		—			(1	)		—			100	%		100	%		(2	)		(1	)		50	%
Total core revenues		303			309			310			311			322			6	%		4	%		655			633			(3	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core   revenues		(48	)		(33	)		(30	)		(26	)		59		NM			NM				(81	)		33		NM
Total revenues		255			276			280			285			381			49	%		34	%		574			666			16	%
Benefits and Expenses
Benefits and losses
Death benefits		78			86			88			93			82			5	%		(12	%)		172			175			2	%
Other contract benefits		6			3			7			5			10			67	%		100	%		11			15			36	%
Change in reserve [1]		(1	)		14			1			3			(4	)	NM			NM				1			(1	)	NM
Sales inducements		—			—			—			1			—			—			(100	%)		1			1			—
Interest credited on G/A assets		64			62			68			63			64			—			2	%		126			127			1	%
Total benefits and losses		147			165			164			165			152			3	%		(8	%)		311			317			2	%
Other insurance expenses
Commissions & wholesaling expenses		41			42			51			38			41			—			8	%		80			79			(1	%)
Operating expenses		60			59			63			57			63			5	%		11	%		121			120			(1	%)
Premium taxes and other expenses		11			11			14			15			10			(9	%)		(33	%)		23			25			9	%
Subtotal — expenses before deferral		112			112			128			110			114			2	%		4	%		224			224			—
Deferred policy acquisition costs		(66	)		(68	)		(78	)		(64	)		(68	)		(3	%)		(6	%)		(130	)		(132	)		(2	%)
Total other insurance expense		46			44			50			46			46			—			—			94			92			(2	%)
Amortization of deferred policy acquisition costs and present value of future profits [1]		48			78			58			47			49			2	%		4	%		191			96			(50	%)
Total benefits and expenses		241			287			272			258			247			2	%		(4	%)		596			505			(15	%)
Core earnings before income taxes		62			22			38			53			75			21	%		42	%		59			128			117	%
Income tax expense (benefit) [1]		19			(6	)		8			14			23			21	%		64	%		16			37			131	%
Core earnings [1]		43			28			30			39			52			21	%		33	%		43			91			112	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [2]		(27	)		(24	)		(17	)		(23	)		43		NM			NM				(45	)		20		NM
Net income (loss) [1]	$	16		$	4		$	13		$	16		$	95		NM			NM			$	(2	)	$	111		NM
Earnings Margin (After-tax)
Core earnings		14.2	%		9.1	%		9.7	%		12.5	%		16.1	%		1.9			3.6			6.6	%		14.4	%		7.8
Net income		6.3	%		1.4	%		4.6	%		5.6	%		24.9	%		18.6			19.3			(0.3	%)		16.7	%		17.0

[1] The DAC unlock recorded in the periods presented below affected each income statement line item as follows:

	THREE MONTH ENDED															SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			JUNE 30,
	2009			2009			2009			2010			2010			2009			2010
Other Fees	$	(2	)	$	8		$	11		$	5		$	6		$	61		$	11
Change in reserve		—			6			—			—			—			—			—
Amortization of deferred policy acquisition costs		(5	)		36			15			6			11			98			17
Income tax expense (benefit)		1			(12	)		(1	)		—			(2	)		(13	)		(2	)
Core earnings (loss)		2			(22	)		(3	)		(1	)		(3	)		(24	)		(4	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		—			(2	)		—			4			—			—			4
Net income (loss)		2			(24	)		(3	)		3			(3	)		(24	)		—

[2] See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-21

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2009		2009		2009		2010		2010		Change			Change			2009		2010		Change
SALES BY DISTRIBUTION [1]
National Accounts	$	22	$	25	$	30	$	21	$	25		14	%		19	%	$	44	$	46		5	%
Independent		23		20		26		22		23		—			5	%		42		45		7	%
Other		3		4		3		3		4		33	%		33	%		6		7		17	%
Total sales by distribution	$	48	$	49	$	59	$	46		52		8	%		13	%	$	92		98		7	%
SALES BY PRODUCT
Variable Life	$	12	$	10	$	13	$	8	$	8		(33	%)		—		$	24	$	16		(33	%)
Universal life		31		34		41		33		40		29	%		21	%		57		73		28	%
Term/other life		5		5		5		5		4		(20	%)		(20	%)		11		9		(18	%)
Total sales by product	$	48	$	49	$	59	$	46		52		8	%		13	%	$	92		98		7	%
PREMIUMS & DEPOSITS
Variable life	$	152	$	149	$	176	$	137	$	136		(11	%)		(1	%)	$	312	$	273		(13	%)
Universal life/other life		249		239		288		255		265		6	%		4	%		476		520		9	%
Term/other		37		36		38		36		37		—			3	%		72		73		1	%
Total Premiums & Deposits	$	438	$	424	$	502	$	428		438		—			2	%	$	860		866		1	%
ACCOUNT VALUE
General account	$	6,054	$	6,137	$	6,245	$	6,339	$	6,429		6	%		1	%
Separate account		4,505		5,006		5,214		5,342		4,951		10	%		(7	%)
Total account value	$	10,559	$	11,143	$	11,459	$	11,681		11,380		8	%		(3	%)
ACCOUNT VALUE BY PRODUCT
Variable life	$	5,049	$	5,552	$	5,766	$	5,900	$	5,507		9	%		(7	%)
Universal life/other life		5,510		5,591		5,693		5,781		5,873		7	%		2	%
Total account value by product	$	10,559	$	11,143	$	11,459	$	11,681		11,380		8	%		(3	%)
LIFE INSURANCE IN-FORCE
Variable life [2]	$	76,946	$	75,667	$	78,671	$	77,592	$	76,445		(1	%)		(1	%)
Universal life		54,084		54,775		56,030		55,806		56,571		5	%		1	%
Term		67,010		68,447		69,968		71,078		72,625		8	%		2	%
Total life insurance in-force	$	198,040	$	198,889	$	204,669	$	204,476		205,641		4	%		1	%

[1]	Sales are reported using Commissionable Weighted Premium
[2]	Included in the three months ended December 31, 2009, is an adjustment of $4.5 billion for VUL riders not previously reported

L-22

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2009			2009			2009			2010			2010
VARIABLE LIFE
Beginning balance	$	4,550		$	5,049		$	5,552		$	5,766		$	5,900
First year & single premiums		24			23			32			18			17
Renewal premiums		128			126			144			119			119
Premiums and deposits		152			149			176			137			136
Surrenders		(77	)		(104	)		(116	)		(88	)		(89	)
Death benefits		(11	)		(17	)		(16	)		(15	)		(24	)
Net Flows		64			28			44			34			23
Policy fees		(123	)		(123	)		(132	)		(114	)		(118	)
Change in market value/interest credited		558			598			302			214			(298	)
Ending balance	$	5,049		$	5,552		$	5,766		$	5,900		$	5,507
UNIVERSAL LIFE [1]
Beginning balance	$	5,431		$	5,510		$	5,591		$	5,693		$	5,781
First year & single premiums		118			109			141			123			127
Renewal premiums		131			130			147			132			138
Premiums and deposits		249			239			288			255			265
Surrenders		(58	)		(45	)		(59	)		(49	)		(40	)
Death benefits		(24	)		(23	)		(26	)		(27	)		(36	)
Net Flows		167			171			203			179			189
Policy fees		(145	)		(146	)		(162	)		(146	)		(154	)
Change in market value/interest credited		57			56			61			55			57
Ending balance	$	5,510		$	5,591		$	5,693		$	5,781		$	5,873
TOTAL INDIVIDUAL LIFE
Beginning balance	$	9,981		$	10,559		$	11,143		$	11,459		$	11,681
First year & single premiums		142			132			173			141			144
Renewal premiums		259			256			291			251			257
Premiums and deposits		401			388			464			392			401
Surrenders		(135	)		(149	)		(175	)		(137	)		(129	)
Death benefits		(35	)		(40	)		(42	)		(42	)		(60	)
Net Flows		231			199			247			213			212
Policy fees		(268	)		(269	)		(294	)		(260	)		(272	)
Change in market value/interest credited		615			654			363			269			(241	)
Ending balance	$	10,559		$	11,143		$	11,459		$	11,681		$	11,380

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

L-23

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

																Year Over
																Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
ASO fees	$	9		$	10		$	10		$	10		$	9			—			(10	%)	$	20		$	19			(5	%)
Other fees		(1	)		—			1			3			3		NM				—			—			6			—
Total fee income		8			10			11			13			12			50	%		(8	%)		20			25			25	%
Direct premiums		1,053			1,046			1,047			1,079			1,060			1	%		(2	%)		2,156			2,139			(1	%)
Reinsurance premiums		13			13			11			10			2			(85	%)		(80	%)		36			12			(67	%)
Net premiums		1,066			1,059			1,058			1,089			1,062			—			(2	%)		2,192			2,151			(2	%)
Total premiums and other considerations		1,074			1,069			1,069			1,102			1,074			—			(3	%)		2,212			2,176			(2	%)
Net investment income
Net investment income on G/A assets		91			95			96			99			101			11	%		2	%		174			200			15	%
Net investment income on assigned capital		11			10			9			8			9			(18	%)		13	%		19			17			(11	%)
Total net investment income		102			105			105			107			110			8	%		3	%		193			217			12	%
Net realized capital losses — core		—			(1	)		(1	)		(1	)		—			—			100	%		(1	)		(1	)		—
Total core revenues		1,176			1,173			1,173			1,208			1,184			1	%		(2	%)		2,404			2,392			—
Net realized gains (losses), before tax and DAC,   excluded from core revenues		(41	)		(31	)		(53	)		10			23		NM				130	%		(37	)		33		NM
Total revenues		1,135			1,142			1,120			1,218			1,207			6	%		(1	%)		2,367			2,425			2	%
Benefits and Expenses
Benefits and losses
Death benefits		326			310			314			335			300			(8	%)		(10	%)		661			635			(4	%)
Other contract benefits		456			456			461			460			445			(2	%)		(3	%)		913			905			(1	%)
Change in reserve		40			(24	)		(3	)		48			101			153	%		110	%		108			149			38	%
Total benefits and losses		822			742			772			843			846			3	%		—			1,682			1,689			—
Other insurance expenses
Commissions & wholesaling expenses		143			159			138			144			138			(3	%)		(4	%)		268			282			5	%
Operating expenses		144			131			132			133			129			(10	%)		(3	%)		278			262			(6	%)
Premium taxes and other expenses		14			19			17			22			24			71	%		9	%		36			46			28	%
Subtotal — expenses before deferral		301			309			287			299			291			(3	%)		(3	%)		582			590			1	%
Deferred policy acquisition costs		(14	)		(14	)		(13	)		(16	)		(10	)		29	%		38	%		(31	)		(26	)		16	%
Total other insurance expense		287			295			274			283			281			(2	%)		(1	%)		551			564			2	%
Amortization of deferred policy acquisition costs		15			16			16			16			15			—			(6	%)		29			31			7	%
Total benefits and expenses		1,124			1,053			1,062			1,142			1,142			2	%		—			2,262			2,284			1	%
Core earnings before income taxes		52			120			111			66			42			(19	%)		(36	%)		142			108			(24	%)
Income tax expense		11			35			32			16			8			(27	%)		(50	%)		35			24			(31	%)
Core earnings		41			85			79			50			34			(17	%)		(32	%)		107			84			(21	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings [1]		(27	)		(20	)		(34	)		1			14		NM			NM				(24	)		15		NM
Net income	$	14		$	65		$	45		$	51		$	48		NM				(6	%)	$	83		$	99			19	%
After-Tax Profit as % of Revenues
Core earnings		3.5	%		7.2	%		6.7	%		4.3	%		2.9	%		(0.6	)		(1.4	)		4.5	%		3.6	%		(0.9	)
Net income		1.2	%		5.7	%		4.0	%		4.3	%		4.0	%		2.8			(0.3	)		3.5	%		4.2	%		0.7

[1] See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-24

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	476		$	469		$	471		$	481		$	469			(1	%)		(2	%)	$	994		$	950			(4	%)
Group life		529			528			526			512			514			(3	%)		—			1,072			1,026			(4	%)
Other		61			62			61			59			58			(5	%)		(2	%)		126			117			(7	%)
Total fully insured — ongoing premiums		1,066			1,059			1,058			1,052		$	1,041			(2	%)		(1	%)		2,192			2,093			(5	%)
Total buyouts [1]		—			—			—			37			21			—			(43	%)		—			58			—
Total premiums		1,066			1,059			1,058			1,089			1,062			—			(2	%)		2,192			2,151			(2	%)
Group disability — premium equivalents [2]		104			102			100			96			98			(6	%)		2	%		196			194			(1	%)
Total premiums and premium equivalent	$	1,170		$	1,161		$	1,158		$	1,185		$	1,160			(1	%)		(2	%)	$	2,388		$	2,345			(2	%)
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	37		$	56		$	50		$	120		$	43			16	%		(64	%)	$	241		$	163			(32	%)
Group life		48			62			76			172			55			15	%		(68	%)		236			227			(4	%)
Other		4			4			4			4			3			(25	%)		(25	%)		12			7			(42	%)
Total fully insured — ongoing sales		89			122			130			296			101			13	%		(66	%)		489			397			(19	%)
Total buyouts [1]		—			1			—			37			21			—			(43	%)		—			58			—
Total sales		89			123			130			333			122			37	%		(63	%)		489			455			(7	%)
Group disability premium equivalents [2]		25			7			13			54			12			(52	%)		(78	%)		87			66			(24	%)
Total sales and premium equivalents	$	114		$	130		$	143		$	387		$	134			18	%		(65	%)	$	576		$	521			(10	%)
RATIOS [3]
Loss Ratio		76.5	%		69.4	%		72.2	%		75.7	%		78.3	%		1.8			2.6			76.0	%		77.0	%		1.0
Expense Ratio		28.1	%		29.1	%		27.1	%		28.1	%		28.1	%		—			—			26.2	%		28.1	%		1.9
GAAP RESERVES [4]
Group disability	$	4,823		$	4,818		$	4,821		$	4,897		$	4,996			4	%		2	%
Group life		1,337			1,314			1,305			1,277			1,269			(5	%)		(1	%)
Other		88			86			88			85			83			(6	%)		(2	%)
Total GAAP reserves	$	6,248		$	6,218		$	6,214		$	6,259		$	6,348			2	%		1	%

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	Reserve balances for the three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010 are net of reinsurance recoverables of $200, $209, $213, $216, and $199 respectively.

L-25

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	16		$	16		$	15		$	13		$	14			(13	%)		8	%	$	31		$	27			(13	%)
Cost of insurance charges		19			8			16			29			28			47	%		(3	%)		39			57			46	%
Mutual fund and other fees		3			4			6			1			2			(33	%)		100	%		8			3			(63	%)
Total fee income		38			28			37			43			44			16	%		2	%		78			87			12	%
Direct premiums		74			31			39			10			3			(96	%)		(70	%)		282			13			(95	%)
Total premiums and other considerations		112			59			76			53			47			(58	%)		(11	%)		360			100			(72	%)
Net investment income
Net investment income on G/A assets		212			209			196			215			227			7	%		6	%		399			442			11	%
Net investment income on assigned capital		6			6			6			4			5			(17	%)		25	%		11			9			(18	%)
Charge for invested capital		2			1			1			2			2			—			—			4			4			—
Total net investment income		220			216			203			221			234			6	%		6	%		414			455			10	%
Net realized capital losses — core		(2	)		(1	)		(2	)		(1	)		(1	)		50	%		—			(4	)		(2	)		50	%
Total core revenues		330			274			277			273			280			(15	%)		3	%		770			553			(28	%)
Net realized losses, before tax and DAC, excluded from core revenues		(93	)		(144	)		(257	)		(75	)		(7	)		92	%		91	%		(330	)		(82	)		75	%
Total revenues		237			130			20			198			273			15	%		38	%		440			471			7	%
Benefits and Expenses
Benefits and losses
Death benefits		19			8			14			20			20			5	%		—			39			40			3	%
Other contract benefits		133			134			128			106			106			(20	%)		—			259			212			(18	%)
Change in reserve		61			13			26			18			8			(87	%)		(56	%)		250			26			(90	%)
Interest credited on G/A assets		110			107			101			122			119			8	%		(2	%)		222			241			9	%
Total benefits and losses		323			262			269			266			253			(22	%)		(5	%)		770			519			(33	%)
Other insurance expenses
Commissions & wholesaling expenses		1			5			4			2			(0	)		(100	%)		(100	%)		14			2			(86	%)
Operating expenses		16			17			15			10			11			(31	%)		10	%		32			21			(34	%)
Premium taxes and other expenses		1			(2	)		3			1			5		NM			NM				3			6			100	%
Subtotal — expenses before deferral		18			20			22			13			16			(11	%)		23	%		49			29			(41	%)
Deferred policy acquisition costs		(1	)		(1	)		(2	)		—			—			100	%		—			(5	)		—			100	%
Total other insurance expense		17			19			20			13			16			(6	%)		23	%		44			29			(34	%)
Amortization of deferred policy acquisition costs		2			6			4			8			8		NM				—			7			16			129	%
Total benefits and expenses		342			287			293			287			277			(19	%)		(3	%)		821			564			(31	%)
Core earnings (loss) before income taxes		(12	)		(13	)		(16	)		(14	)		3		NM			NM				(51	)		(11	)		78	%
Income tax benefit		(7	)		(6	)		(8	)		(7	)		(1	)		86	%		86	%		(26	)		(8	)		69	%
Core earnings (loss) [1]		(5	)		(7	)		(8	)		(7	)		4		NM			NM				(25	)		(3	)		88	%
Net realized losses, net of tax and DAC, excluded from core earnings [2]		(61	)		(94	)		(166	)		(81	)		(5	)		92	%		94	%		(215	)		(86	)		60	%
Net loss [1]	$	(66	)	$	(101	)	$	(174	)	$	(88	)	$	(1	)		98	%		99	%	$	(240	)	$	(89	)		63	%
RETURN ON ASSETS (After-tax bps)
Core earnings		(3.3	)		(4.6	)		(5.3	)		(5.0	)		2.9		NM			NM				(8.4	)		(1.1	)		87	%
Net Loss		(44.1	)		(66.8	)		(115.3	)		(62.3	)		(0.7	)		98	%		99	%		(80.5	)		(31.9	)		60	%

[1]	The DAC unlock recorded in the three months ended September 30, 2009 decreased both core earnings and net income by $1.
[2]	See pages C-12 and C-13 for disclosure of the components of net realized gains (losses), net of tax and DAC, for the periods presented herein.

L-26

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

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2009		2009		2009		2010		2010		Change			Change
INSTITUTIONAL INVESTMENT PRODUCTS
General account [1] [2]	$	20,129	$	18,845	$	18,067	$	16,668	$	15,506		(23	%)		(7	%)
Guaranteed separate account		386		417		404		413		439		14	%		6	%
Non-guaranteed separate account		3,413		3,866		3,902		3,979		4,005		17	%		1	%
Total Institutional Investment Products account value		23,928		23,128		22,373		21,060	$	19,950		(17	%)		(5	%)
Mutual fund assets [3]		3,654		4,453		4,262		—		—		(100	%)		—
Total Institutional Investment Products Assets Under Management	$	27,582	$	27,581	$	26,635	$	21,060	$	19,950		(28	%)		(5	%)
PRIVATE PLACEMENT LIFE INSURANCE
General account [4]	$	44	$	44	$	4	$	1,729	$	1,732	NM				—
Non-guaranteed separate account		32,550		33,153		33,352		33,512		33,317		2	%		(1	%)
Total Private Placement Life Insurance account value		32,594		33,197		33,356		35,241		35,049		8	%		(1	%)
TOTAL INSTITUTIONAL
General account [1] [2] [4]	$	20,173	$	18,889	$	18,071	$	18,397	$	17,238		(15	%)		(6	%)
Guaranteed separate account		386		417		404		413		439		14	%		6	%
Non-guaranteed separate account		35,963		37,019		37,254		37,491		37,322		4	%		—
Total Institutional account value		56,522		56,325		55,729		56,301		54,999		(3	%)		(2	%)
Mutual fund assets [3]		3,654		4,453		4,262		—		—		(100	%)		—
Total Institutional Assets Under Management	$	60,176	$	60,778	$	59,991	$	56,301	$	54,999		(9	%)		(2	%)
BY PRODUCT
Institutional Investment Products
Structured settlements	$	7,472	$	7,531	$	7,573	$	7,596	$	7,600		2	%		—
Institutional annuities		3,037		3,064		3,046		2,852		2,860		(6	%)		—
Guaranteed interest products [1]		9,376		8,047		7,240		6,701		5,544		(41	%)		(17	%)
Other [2]		4,043		4,486		4,514		3,911		3,946		(2	%)		1	%
Total Institutional Investment Products		23,928		23,128		22,373		21,060		19,950		(17	%)		(5	%)
Private Placement Life Insurance [4]		32,594		33,197		33,356		35,241		35,049		8	%		(1	%)
Total Institutional account value		56,522		56,325		55,729		56,301		54,999		(3	%)		(2	%)
Investment Only Mutual Fund Assets [3]		3,654		4,453		4,262		—		—		(100	%)		—
Total Institutional Assets Under Management	$	60,176	$	60,778	$	59,991	$	56,301	$	54,999		(9	%)		(2	%)

[1]	Included in the balance, beginning with the three months ended March 31, 2009, is approximately $1.5 billion related to an intrasegment funding agreement which is eliminated in consolidation.
[2]	SPIA and Lifetime Income & Maturity Funding were transferred from Institutional to Global Annuity — U.S. and Retirement Plans, respectively, effective January 1, 2010 on a prospective basis.
[3]	The Investment Only Mutual Funds business was transferred from Institutional to Mutual Funds from Institutional, effective January 1, 2010, on a prospective basis.
[4]	Leveraged COLI was transferred from Other to Institutional, effective January 1, 2010 on a prospective basis.

L-27

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

	THREE MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
	2009			2009			2009			2010			2010
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	24,954		$	23,928		$	23,128		$	22,373		$	21,060
Transfer out of SPIA & Maturity Funding [5]		—			—			—			(877	)		—
Deposits		150			210			146			33			12
Surrenders		(1,113	)		(1,457	)		(934	)		(352	)		(895	)
Death benefits/annuity payouts		(182	)		(186	)		(232	)		(474	)		(527	)
Transfers [4]		(318	)		—			—			—			—
Net Flows		(1,463	)		(1,433	)		(1,020	)		(793	)		(1,410	)
Change in market value/change in reserve/interest credited		437			633			265			357			300
Ending balance	$	23,928		$	23,128		$	22,373		$	21,060		$	19,950
INVESTMENT ONLY MUTUAL FUND ASSETS [2]
Beginning balance	$	2,416		$	3,654		$	4,453		$	4,262		$	—
Transfer out of Investment Only Mutual Funds [6]		—			—			—			(4,262	)		—
Deposits		702			387			466			—			—
Surrenders		(272	)		(257	)		(912	)		—			—
Transfers [4]		318			—			—			—			—
Net Flows		748			130			(446	)		—			—
Change in market value/change in reserve/interest credited		490			669			255			—			—
Ending balance	$	3,654		$	4,453		$	4,262		$	—		$	—
PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]
Beginning balance	$	32,154		$	32,594		$	33,197		$	33,356		$	35,241
Transfer in of Leveraged COLI [7]		—			—			—			1,794			—
Deposits		125			26			41			21			68
Surrenders		(2	)		(2	)		(225	)		(251	)		(272	)
Death benefits/annuity payouts		(36	)		(17	)		(24	)		(28	)		(38	)
Net Flows		87			7			(208	)		(258	)		(242	)
Change in market value/change in reserve/interest credited		408			624			390			415			112
Other [3]		(55	)		(28	)		(23	)		(66	)		(62	)
Ending balance	$	32,594		$	33,197		$	33,356		$	35,241		$	35,049
INSTITUTIONAL
Beginning balance	$	59,524		$	60,176		$	60,778		$	59,991		$	56,301
Transfer out of Investment Only Mutual Funds, SPIA, Maturity Funding and Transfers in of Leveraged COLI [5,6,7]		—			—			—			(3,345	)		—
Deposits		977			623			653			54			80
Surrenders		(1,387	)		(1,716	)		(2,071	)		(603	)		(1,167	)
Death benefits/annuity payouts		(218	)		(203	)		(256	)		(502	)		(565	)
Net Flows		(628	)		(1,296	)		(1,674	)		(1,051	)		(1,652	)
Change in market value/change in reserve/interest credited		1,335			1,926			910			772			412
Other [3]		(55	)		(28	)		(23	)		(66	)		(62	)
Ending balance	$	60,176		$	60,778		$	59,991		$	56,301		$	54,999

[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.
[4]	In the three months ended June 30, 2009 there was a transfer of funds related to one case from Institutional Investment Products to Investment Only Mutual Funds.
[5]	SPIA and Lifetime Income & Maturity Funding were transferred to Global Annuity — U.S. and Retirement Plans from Institutional, effective January 1, 2010 on a prospective basis.
[6]	The Investment Only Mutual Funds business was transferred to Mutual Funds from Institutional, effective January 1, 2010, on a prospective basis.
[7]	The Leveraged COLI business was transferred in from Corporate Other to Institutional, effective January 1, 2010, on a prospective basis.

L-28

PROPERTY & CASUALTY

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,463		$	2,436		$	2,353		$	2,455		$	2,422			(2	%)		(1	%)	$	4,922		$	4,877			(1	%)
Earned premiums		2,478			2,431			2,441			2,420			2,410			(3	%)		—			4,989			4,830			(3	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		(10	)		(11	)		66			54			(73	)	NM			NM				65			(19	)	NM
Small Commercial		74			90			144			83			62			(16	%)		(25	%)		161			145			(10	%)
Middle Market		56			61			72			12			(22	)	NM			NM				125			(10	)	NM
Specialty Commercial		36			30			81			52			111		NM				113	%		59			163			176	%
Ongoing Operations underwriting results		156			170			363			201			78			(50	%)		(61	%)		410			279			(32	%)
Other Operations [1]		(124	)		(88	)		(44	)		(8	)		(178	)		(44	%)	NM				(129	)		(186	)		(44	%)
Total Property & Casualty underwriting results	$	32		$	82		$	319		$	193		$	(100	)	NM			NM			$	281		$	93			(67	%)
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		61.9			65.2			65.1			64.4			63.9			(2.0	)		0.5			62.5			64.2			(1.7	)
Current accident year catastrophes		5.8			4.7			(0.7	)		3.3			9.5			(3.7	)		(6.2	)		4.2			6.4			(2.2	)
Prior accident years [3]		(2.4	)		(5.5	)		(6.8	)		(3.7	)		(6.2	)		3.8			2.5			(2.6	)		(4.9	)		2.3
Total losses and loss adjustment expenses		65.3			64.4			57.6			64.0			67.2			(1.9	)		(3.2	)		64.0			65.6			(1.6	)
Expenses [4]		28.2			28.4			27.7			28.0			29.4			(1.2	)		(1.4	)		27.5			28.7			(1.2	)
Policyholder dividends [5]		0.2			0.2			(0.2	)		(0.3	)		0.2			—			(0.5	)		0.2			(0.1	)		0.3
Combined ratio		93.7			93.0			85.1			91.7			96.8			(3.1	)		(5.1	)		91.8			94.2			(2.4	)
Catastrophes
Current year		5.8			4.7			(0.7	)		3.3			9.5			(3.7	)		(6.2	)		4.2			6.4			(2.2	)
Prior year		(0.2	)		(0.4	)		(0.4	)		(0.2	)		0.3			(0.5	)		(0.5	)		—			0.1			(0.1	)
Catastrophe ratio		5.6			4.4			(1.1	)		3.1			9.8			(4.2	)		(6.7	)		4.2			6.4			(2.2	)
Combined ratio before catastrophes		88.1			88.6			86.2			88.6			87.0			1.1			1.6			87.6			87.8			(0.2	)
Combined ratio before catastrophes and prior year development		90.4			93.8			92.6			92.1			93.5			(3.1	)		(1.4	)		90.2			92.8			(2.6	)
Total Property & Casualty Income and ROE
Net income	$	173		$	190		$	508		$	257		$	188			9	%		(27	%)	$	285		$	445			56	%
Core earnings	$	212		$	246		$	378		$	304		$	161			(24	%)		(47	%)	$	533		$	465			(13	%)
Core earnings ROE (rolling 12 months income)
Ongoing Operations		14.9	%		17.5	%		16.1	%		15.6	%		14.7	%		(0.2	)		(0.9	)
Other Operations		(4.3	%)		(10.7	%)		(12.0	%)		(13.3	%)		(25.0	%)		(20.7	)		(11.7	)
Total Property & Casualty		13.8	%		15.8	%		14.0	%		13.6	%		12.6	%		(1.2	)		(1.0	)

	PROPERTY & CASUALTY
	Dec. 31,		Jun. 30,
	2009		2010		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in millions)	$	7,364	$	7,388	$	24
Total Property and Casualty premium to adjusted surplus ratio		1.3		1.3		—

[1]	The three months ended June 30, 2009 included net asbestos reserve strengthening of $138. The three months ended September 30, 2009 included environmental reserve strengthening of $75. The three months ended June 30, 2010 included net asbestos reserve strengthening of $169.
[2]	The three months ended September 30, 2009 included current accident year reserve strengthening, totaling 0.3 points, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening, totaling 0.2 points, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims. The three months ended June 30, 2010 included current accident year reserve strengthening, totaling 0.6 points, primarily related to Personal Lines homeowners claims and Specialty Commercial professional liability claims.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[4]	The six months ended June 30, 2009 included a reduction to an assessment from the Texas Windstorm Insurance Association (TWIA) totaling 0.3 points. The three months ended June 30, 2009 included an increase in taxes, licenses and fees due to an increase in the assessment for a second injury fund and reserve strengthening for other state funds and taxes totaling 0.9 points. The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening due to an increase in the assessment for New York state funds and taxes totaling 0.8 points.
[5]	The three months ended December 31, 2009 included a decrease in prior year dividends, totaling 0.4 points. The three months ended March 31, 2010 included a decrease in prior year dividends, totaling 0.5 points.

PC-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,463		$	2,436		$	2,353		$	2,455		$	2,422			(2	%)		(1	%)	$	4,922		$	4,877			(1	%)
Change in unearned premium reserve		(15	)		5			(88	)		35			12		NM				(66	%)		(67	)		47		NM
Earned premiums		2,478			2,431			2,441			2,420			2,410			(3	%)		—			4,989			4,830			(3	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,534			1,586			1,589			1,560			1,538			—			(1	%)		3,115			3,098			(1	%)
Current accident year catastrophes		142			115			(16	)		79			229			61	%		190	%		207			308			49	%
Prior accident years [2]		62			(52	)		(128	)		(89	)		24			(61	%)	NM				(6	)		(65	)	NM
Total losses and loss adjustment expenses		1,738			1,649			1,445			1,550			1,791			3	%		16	%		3,316			3,341			1	%
Underwriting expenses [3]		703			695			682			685			715			2	%		4	%		1,382			1,400			1	%
Dividends to policyholders [4]		5			5			(5	)		(8	)		4			(20	%)	NM				10			(4	)	NM
Underwriting results		32			82			319			193			(100	)	NM			NM				281			93			(67	%)
Net servicing income		7			10			12			7			10			43	%		43	%		15			17			13	%
Net investment income		280			294			307			309			340			21	%		10	%		505			649			29	%
Periodic net coupon settlements on credit derivatives, before-tax		(4	)		(3	)		(2	)		(2	)		(3	)		25	%		(50	%)		(7	)		(5	)		29	%
Other expenses [5]		(50	)		(46	)		(78	)		(53	)		(53	)		(6	%)		—			(99	)		(106	)		(7	%)
Income tax expense [6]		(53	)		(91	)		(180	)		(150	)		(33	)		38	%		78	%		(162	)		(183	)		(13	%)
Core earnings		212			246			378			304			161			(24	%)		(47	%)		533			465			(13	%)
Add: Net realized capital (losses) gains, after-tax, excluded from core earnings [7]		(39	)		(56	)		130			(47	)		27		NM			NM				(248	)		(20	)		92	%
Net income	$	173		$	190		$	508		$	257		$	188			9	%		(27	%)	$	285		$	445			56	%
Total Property & Casualty effective tax rate — net income		9.8	%		23.9	%		32.8	%		38.2	%		19.5	%		9.7			(18.7	)		5.5	%		31.5	%		26.0
Total Property & Casualty effective tax rate — core earnings		20.5	%		26.8	%		32.2	%		33.0	%		17.3	%		(3.2	)		(15.7	)		23.4	%		28.3	%		4.9

[1]	The three months ended September 30, 2009 included current accident year reserve strengthening of $8, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening of $5, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims. The three months ended June 30, 2010 included current accident year reserve strengthening of $15, primarily related to Personal Lines homeowners claims and Specialty Commercial professional liability claims.
[2]	The three months ended June 30, 2009 included $138 of net asbestos reserve strengthening, partially offset by a $40 reduction in the allowance for uncollectible reinsurance, $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims. The three months ended September 30, 2009 included $45 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general liability claims, partially offset by $75 of environmental reserve strengthening. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims, partially offset by $25 of Other Operations unallocated loss adjustment expense reserve strengthening. The three months ended March 31, 2010 included $22 of reserve releases related to professional liability claims, $17 of reserve releases related to Personal Lines auto liability claims and $10 of reserve releases related to Middle Market general liability umbrella claims. The three months ended June 30, 2010 included $169 of net asbestos reserve strengthening and $21 of Middle Market general liability loss adjustment expense reserve strengthening, partially offset by $61 of reserve releases related to professional liability claims, $36 of reserve releases related to Personal Lines and Small Commercial auto liability claims, a $30 reduction in the allowance for uncollectible reinsurance, $27 of reserve releases related to Middle Market general liability umbrella and high hazard claims and $17 of reserve releases related to Specialty Commercial programs business.
[3]	The six months ended June 30, 2009 included a $14 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA). The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes. The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes.
[4]	The three months ended December 31, 2009 included a decrease in prior year dividends of $10. The three months ended March 31, 2010 included a decrease in prior year dividends of $12.
[5]	The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.
[6]	The three months ended March 31, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree health care costs beginning in 2013.
[7]	See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,462		$	2,436		$	2,351		$	2,454		$	2,421			(2	%)		(1	%)	$	4,920		$	4,875			(1	%)
Change in unearned premium reserve		(15	)		5			(91	)		34			12		NM				(65	%)		(68	)		46		NM
Earned premiums		2,477			2,431			2,442			2,420			2,409			(3	%)		—			4,988			4,829			(3	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,534			1,586			1,589			1,560			1,538			—			(1	%)		3,115			3,098			(1	%)
Current accident year catastrophes		142			115			(16	)		79			229			61	%		190	%		207			308			49	%
Prior accident years [2]		(59	)		(135	)		(166	)		(90	)		(149	)		(153	%)		(66	%)		(127	)		(239	)		(88	%)
Total losses and loss adjustment expenses		1,617			1,566			1,407			1,549			1,618			—			4	%		3,195			3,167			(1	%)
Underwriting expenses [3]		699			690			677			678			709			1	%		5	%		1,373			1,387			1	%
Dividends to policyholders [4]		5			5			(5	)		(8	)		4			(20	%)	NM				10			(4	)	NM
Underwriting results		156			170			363			201			78			(50	%)		(61	%)		410			279			(32	%)
Net servicing income		7			10			12			7			10			43	%		43	%		15			17			13	%
Net investment income		239			254			265			268			298			25	%		11	%		424			566			33	%
Periodic net coupon settlements on credit derivatives, before-tax		(4	)		(3	)		(2	)		(2	)		(3	)		25	%		(50	%)		(7	)		(5	)		29	%
Other expenses [5]		(48	)		(47	)		(78	)		(54	)		(53	)		(10	%)		2	%		(98	)		(107	)		(9	%)
Income tax expense [6]		(87	)		(106	)		(181	)		(139	)		(83	)		5	%		40	%		(184	)		(222	)		(21	%)
Core earnings		263			278			379			281			247			(6	%)		(12	%)		560			528			(6	%)
Add: Net realized capital (losses) gains, after-tax, excluded from core earnings [7]		(41	)		(49	)		119			(43	)		14		NM			NM				(227	)		(29	)		87	%
Net income	$	222		$	229		$	498		$	238		$	261			18	%		10	%	$	333		$	499			50	%
Ongoing Operations effective tax rate — net income		18.8	%		25.8	%		33.0	%		38.4	%		25.0	%		6.2			(13.4	)		12.8	%		32.1	%		19.3
Ongoing Operations effective tax rate — core earnings		24.7	%		27.6	%		32.4	%		33.2	%		24.9	%		0.2			(8.3	)		24.7	%		29.6	%		4.9

[1]	The three months ended September 30, 2009 included current accident year reserve strengthening of $8, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening of $5, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims. The three months ended June 30, 2010 included current accident year reserve strengthening of $15, primarily related to Personal Lines homeowners claims and Specialty Commercial professional liability claims.
[2]	The three months ended June 30, 2009 included $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims. The three months ended September 30, 2009 included $45 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general liability claims. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims. The three months ended March 31, 2010 included $22 of reserve releases related to professional liability claims, $17 of reserve releases related to Personal Lines auto liability claims and $10 of reserve releases related to Middle Market general liability umbrella claims. The three months ended June 30, 2010 included $61 of reserve releases related to professional liability claims, $36 of reserve releases related to Personal Lines and Small Commercial auto liability claims, a $30 reduction in the allowance for uncollectible reinsurance, $27 of reserve releases related to Middle Market general liability umbrella and high hazard claims and $17 of reserve releases related to Specialty Commercial programs business, partially offset by $21 of Middle Market general liability loss adjustment expense reserve strengthening.
[3]	The six months ended June 30, 2009 included a $14 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA). The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes. The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes.
[4]	The three months ended December 31, 2009 included a decrease in prior year dividends of $10. The three months ended March 31, 2010 included a decrease in prior year dividends of $12.
[5]	The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.
[6]	The three months ended March 31, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree health care costs beginning in 2013.
[7]	See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-3

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
UNDERWRITING RESULTS
Written premiums	$	2,462		$	2,436		$	2,351		$	2,454		$	2,421			(2	%)		(1	%)	$	4,920		$	4,875			(1	%)
Change in unearned premium reserve		(15	)		5			(91	)		34			12		NM				(65	%)		(68	)		46		NM
Earned premiums		2,477			2,431			2,442			2,420			2,409			(3	%)		—			4,988			4,829			(3	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,534			1,586			1,589			1,560			1,538			—			(1	%)		3,115			3,098			(1	%)
Current accident year catastrophes		142			115			(16	)		79			229			61	%		190	%		207			308			49	%
Prior accident years [2]		(59	)		(135	)		(166	)		(90	)		(149	)		(153	%)		(66	%)		(127	)		(239	)		(88	%)
Total losses and loss adjustment expenses		1,617			1,566			1,407			1,549			1,618			—			4	%		3,195			3,167			(1	%)
Underwriting expenses [3]		699			690			677			678			709			1	%		5	%		1,373			1,387			1	%
Dividends to policyholders [4]		5			5			(5	)		(8	)		4			(20	%)	NM				10			(4	)	NM
Underwriting results	$	156		$	170		$	363		$	201		$	78			(50	%)		(61	%)	$	410		$	279			(32	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		61.9			65.2			65.1			64.4			63.9			(2.0	)		0.5			62.5			64.2			(1.7	)
Current accident year catastrophes		5.8			4.7			(0.7	)		3.3			9.5			(3.7	)		(6.2	)		4.2			6.4			(2.2	)
Prior accident years [2] [5]		(2.4	)		(5.5	)		(6.8	)		(3.7	)		(6.2	)		3.8			2.5			(2.6	)		(4.9	)		2.3
Total losses and loss adjustment expenses		65.3			64.4			57.6			64.0			67.2			(1.9	)		(3.2	)		64.0			65.6			(1.6	)
Expenses		28.2			28.4			27.7			28.0			29.4			(1.2	)		(1.4	)		27.5			28.7			(1.2	)
Policyholder dividends		0.2			0.2			(0.2	)		(0.3	)		0.2			—			(0.5	)		0.2			(0.1	)		0.3
Combined ratio		93.7			93.0			85.1			91.7			96.8			(3.1	)		(5.1	)		91.8			94.2			(2.4	)
Catastrophes
Current year		5.8			4.7			(0.7	)		3.3			9.5			(3.7	)		(6.2	)		4.2			6.4			(2.2	)
Prior year		(0.2	)		(0.4	)		(0.4	)		(0.2	)		0.3			(0.5	)		(0.5	)		—			0.1			(0.1	)
Catastrophe ratio		5.6			4.4			(1.1	)		3.1			9.8			(4.2	)		(6.7	)		4.2			6.4			(2.2	)
Combined ratio before catastrophes		88.1			88.6			86.2			88.6			87.0			1.1			1.6			87.6			87.8			(0.2	)
Combined ratio before catastrophes and prior year development		90.4			93.8			92.6			92.1			93.5			(3.1	)		(1.4	)		90.2			92.8			(2.6	)

[1]	The three months ended September 30, 2009 included current accident year reserve strengthening, totaling $8, or 0.3 points, primarily related to Personal Lines auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening, totaling $5, or 0.2 points, primarily related to Personal Lines auto liability claims and Middle Market general liability claims, partially offset by current accident year reserve releases primarily related to Specialty Commercial professional liability and workers’ compensation claims. The three months ended June 30, 2010 included current accident year reserve strengthening, totaling $15 or 0.6 points, primarily related to Personal Lines homeowners claims and Specialty Commercial professional liability claims.
[2]	The three months ended June 30, 2009 included $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims. The three months ended September 30, 2009 included $45 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general liability claims. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims. The three months ended March 31, 2010 included $22 of reserve releases related to professional liability claims, $17 of reserve releases related to Personal Lines auto liability claims and $10 of reserve releases related to Middle Market general liability umbrella claims. The three months ended June 30, 2010 included $61 of reserve releases related to professional liability claims, $36 of reserve releases related to Personal Lines and Small Commercial auto liability claims, a $30 reduction in the allowance for uncollectible reinsurance, $27 of reserve releases related to Middle Market general liability umbrella and high hazard claims and $17 of reserve releases related to Specialty Commercial programs business, partially offset by $21 of Middle Market general liability loss adjustment expense reserve strengthening.
[3]	The six months ended June 30, 2009 included a $14 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA). The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes. The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes.
[4]	The three months ended December 31, 2009 included a decrease in prior year dividends of $10. The three months ended March 31, 2010 included a decrease in prior year dividends of $12.
[5]	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
PERSONAL LINES
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009		2010			Change
UNDERWRITING RESULTS
Written premiums	$	1,045		$	1,048		$	950		$	941		$	1,033			(1	%)		10	%	$	1,989	$	1,974			(1	%)
Change in unearned premium reserve		60			60			(50	)		(54	)		39			(35	%)	NM				25		(15	)	NM
Earned premiums		985			988			1,000			995			994			1	%		—			1,964		1,989			1	%
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		649			695			729			666			685			6	%		3	%		1,276		1,351			6	%
Current accident year catastrophes		110			90			(14	)		41			146			33	%	NM				152		187			23	%
Prior accident years [2]		—			(25	)		(18	)		(7	)		(5	)		—			29	%		10		(12	)	NM
Total losses and loss adjustment expenses		759			760			697			700			826			9	%		18	%		1,438		1,526			6	%
Underwriting expenses [3]		236			239			237			241			241			2	%		—			461		482			5	%
Underwriting results	$	(10	)	$	(11	)	$	66		$	54		$	(73	)	NM			NM			$	65	$	(19	)	NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		65.9			70.3			73.0			66.9			68.9			(3.0	)		(2.0	)		65.0		67.9			(2.9	)
Current accident year catastrophes		11.2			9.1			(1.4	)		4.2			14.6			(3.4	)		(10.4	)		7.7		9.4			(1.7	)
Prior accident years [2] [4]		—			(2.5	)		(1.8	)		(0.8	)		(0.4	)		0.4			(0.4	)		0.5		(0.6	)		1.1
Total losses and loss adjustment expenses		77.0			76.9			69.8			70.3			83.1			(6.1	)		(12.8	)		73.2		76.7			(3.5	)
Expenses		24.0			24.2			23.7			24.2			24.3			(0.3	)		(0.1	)		23.5		24.2			(0.7	)
Combined ratio		101.0			101.1			93.4			94.5			107.4			(6.4	)		(12.9	)		96.7		100.9			(4.2	)
Catastrophes
Current year		11.2			9.1			(1.4	)		4.2			14.6			(3.4	)		(10.4	)		7.7		9.4			(1.7	)
Prior year		0.8			(1.0	)		(0.3	)		(0.1	)		0.5			0.3			(0.6	)		1.0		0.2			0.8
Catastrophe ratio		12.0			8.1			(1.7	)		4.0			15.1			(3.1	)		(11.1	)		8.7		9.5			(0.8	)
Combined ratio before catastrophes		89.0			93.0			95.2			90.5			92.3			(3.3	)		(1.8	)		88.0		91.4			(3.4	)
Combined ratio before catastrophes and prior year development		89.8			94.5			96.7			91.1			93.2			(3.4	)		(2.1	)		88.4		92.2			(3.8	)
COMBINED RATIO
Automobile		95.6			98.1			103.3			93.7			98.7			(3.1	)		(5.0	)		92.4		96.2			(3.8	)
Homeowners		114.9			109.2			68.3			96.8			128.8			(13.9	)		(32.0	)		107.6		112.9			(5.3	)
Total		101.0			101.1			93.4			94.5			107.4			(6.4	)		(12.9	)		96.7		100.9			(4.2	)

[1]	The three months ended June 30, 2009 included current accident year reserve strengthening of $2, or 0.2 points, related to auto liability claims. The three months ended September 30, 2009 included current accident year reserve strengthening of $10, or 1.0 points, related to auto liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening of $14, or 1.4 points, primarily related to auto liability claims. The three months ended June 30, 2010 included current accident year reserve strengthening, totaling $7, or 0.7 points, primarily related to homeowners claims.
[2]	The three months ended September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010 included reserve releases of $20, $24, $17 and $24, respectively, related to auto liability claims.
[3]	The six months ended June 30, 2009 included a $7 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA).
[4]	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
PERSONAL LINES

WRITTEN AND EARNED PREMIUMS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	763		$	755		$	672		$	671		$	752			(1	%)		12	%	$	1,444		$	1,423			(1	%)
Agency		268			280			264			258			267			—			3	%		517			525			2	%
Other		14			13			14			12			14			—			17	%		28			26			(7	%)
Total	$	1,045		$	1,048		$	950		$	941		$	1,033			(1	%)		10	%	$	1,989		$	1,974			(1	%)
EARNED PREMIUMS [1]
AARP	$	709		$	712		$	720		$	715		$	716			1	%		—		$	1,412		$	1,431			1	%
Agency		261			261			266			266			264			1	%		(1	%)		522			530			2	%
Other		15			15			14			14			14			(7	%)		—			30			28			(7	%)
Total	$	985		$	988		$	1,000		$	995		$	994			1	%		—		$	1,964		$	1,989			1	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	742		$	741		$	679		$	694		$	719			(3	%)		4	%	$	1,449		$	1,413			(2	%)
Homeowners		303			307			271			247			314			4	%		27	%		540			561			4	%
Total	$	1,045		$	1,048		$	950		$	941		$	1,033			(1	%)		10	%	$	1,989		$	1,974			(1	%)
EARNED PREMIUMS [1]
Automobile	$	711		$	716		$	719		$	712		$	710			—			—		$	1,415		$	1,422			—
Homeowners		274			272			281			283			284			4	%		—			549			567			3	%
Total	$	985		$	988		$	1,000		$	995		$	994			1	%		—		$	1,964		$	1,989			1	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price Increases
Automobile		3	%		3	%		4	%		5	%		6	%		3	%		1	%		3	%		6	%		3	%
Homeowners		5	%		5	%		7	%		9	%		9	%		4	%		—			5	%		9	%		4	%
Policy Count Retention
Automobile		86	%		86	%		86	%		84	%		84	%		(2	%)		—			86	%		84	%		(2	%)
Homeowners		86	%		86	%		86	%		85	%		85	%		(1	%)		—			86	%		85	%		(1	%)
New Business Premium $
Automobile	$	124		$	117		$	99		$	93		$	82			(34	%)		(12	%)	$	239		$	175			(27	%)
Homeowners	$	40		$	42		$	36		$	30		$	30			(25	%)		—		$	71		$	60			(15	%)
Policies in force
Automobile		2,375,240			2,394,043			2,395,421			2,376,660			2,341,594			(1	%)		(1	%)
Homeowners		1,471,287			1,483,795			1,488,408			1,487,782			1,479,749			1	%		(1	%)

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

PC-6

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
UNDERWRITING RESULTS
Written premiums	$	643		$	626		$	610		$	694		$	662			3	%		(5	%)	$	1,336		$	1,356			1	%
Change in unearned premium reserve		—			(14	)		(35	)		57			14			—			(75	%)		41			71			73	%
Earned premiums		643			640			645			637			648			1	%		2	%		1,295			1,285			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		340			349			345			366			349			3	%		(5	%)		702			715			2	%
Current accident year catastrophes		23			19			(4	)		21			45			96	%		114	%		29			66			128	%
Prior accident years [1]		10			(19	)		(32	)		(18	)		(16	)	NM				11	%		15			(34	)	NM
Total losses and loss adjustment expenses		373			349			309			369			378			1	%		2	%		746			747			—
Underwriting expenses [2]		195			200			194			196			208			7	%		6	%		386			404			5	%
Dividends to policyholders [3]		1			1			(2	)		(11	)		—			(100	%)		100	%		2			(11	)	NM
Underwriting results	$	74		$	90		$	144		$	83		$	62			(16	%)		(25	%)	$	161		$	145			(10	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		52.8			54.7			53.4			57.5			53.7			(0.9	)		3.8			54.2			55.6			(1.4	)
Current accident year catastrophes		3.6			2.9			(0.7	)		3.3			6.9			(3.3	)		(3.6	)		2.3			5.1			(2.8	)
Prior accident years [1] [4]		1.5			(3.1	)		(4.8	)		(2.8	)		(2.4	)		3.9			(0.4	)		1.2			(2.6	)		3.8
Total losses and loss adjustment expenses		58.0			54.5			47.8			57.9			58.2			(0.2	)		(0.3	)		57.6			58.0			(0.4	)
Expenses		30.4			31.2			30.1			30.8			32.1			(1.7	)		(1.3	)		29.8			31.5			(1.7	)
Policyholder dividends		0.2			0.2			(0.3	)		(1.8	)		0.1			0.1			(1.9	)		0.1			(0.8	)		0.9
Combined ratio		88.6			85.9			77.6			86.9			90.4			(1.8	)		(3.5	)		87.6			88.7			(1.1	)
Catastrophes
Current year		3.6			2.9			(0.7	)		3.3			6.9			(3.3	)		(3.6	)		2.3			5.1			(2.8	)
Prior year		(0.3	)		(0.1	)		(0.2	)		(0.3	)		—			(0.3	)		(0.3	)		(0.1	)		(0.2	)		0.1
Catastrophe ratio		3.3			2.9			(0.9	)		3.0			6.9			(3.6	)		(3.9	)		2.2			4.9			(2.7	)
Combined ratio before catastrophes		85.3			83.0			78.5			84.0			83.5			1.8			0.5			85.4			83.7			1.7
Combined ratio before catastrophes and prior year development		83.4			86.0			83.1			86.5			85.9			(2.5	)		0.6			84.1			86.2			(2.1	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price (Decreases)/Increases		—			(1	%)		(1	%)		1	%		3	%		3	%		2	%		—			2	%		2	%
Policy Count Retention		81	%		81	%		84	%		85	%		83	%		2	%		(2	%)		81	%		84	%		3	%
New Business Premium $	$	120		$	126		$	117		$	130		$	126			5	%		(3	%)	$	239		$	256			7	%
Policies in force		1,060,482			1,069,157			1,077,189			1,091,270			1,107,779			4	%		2	%

[1]	The three months ended September 30, 2009 included a reserve release of $13 related to workers’ compensation business. The three months ended December 31, 2009 and June 30, 2010 included reserve releases of $23 and $12, respectively, related to auto liability claims.
[2]	The six months ended June 30, 2009 included a $5 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA). The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $9 due to an increase in the assessment for New York state funds and taxes.
[3]	The three months ended December 31, 2009 included a decrease in prior year dividends of $3. The three months ended March 31, 2010 included a decrease in prior year dividends of $12.
[4]	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
MIDDLE MARKET
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
UNDERWRITING RESULTS
Written premiums	$	482		$	496		$	517		$	510		$	446			(7	%)		(13	%)	$	1,008		$	956			(5	%)
Change in unearned premium reserve		(56	)		(14	)		12			9			(41	)		27	%	NM				(78	)		(32	)		59	%
Earned premiums		538			510			505			501			487			(9	%)		(3	%)		1,086			988			(9	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		331			333			329			331			311			(6	%)		(6	%)		690			642			(7	%)
Current accident year catastrophes		8			6			2			15			38		NM				153	%		24			53			121	%
Prior accident years [2]		(22	)		(52	)		(55	)		(16	)		(7	)		68	%		56	%		(80	)		(23	)		71	%
Total losses and loss adjustment expenses		317			287			276			330			342			8	%		4	%		634			672			6	%
Underwriting expenses [3]		161			160			157			157			165			2	%		5	%		321			322			—
Dividends to policyholders [4]		4			2			—			2			2			(50	%)		—			6			4			(33	%)
Underwriting results	$	56		$	61		$	72		$	12		$	(22	)	NM			NM			$	125		$	(10	)	NM
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		61.6			65.1			65.1			66.0			63.9			(2.3	)		2.1			63.6			65.0			(1.4	)
Current accident year catastrophes		1.6			1.2			0.4			3.1			7.8			(6.2	)		(4.7	)		2.2			5.4			(3.2	)
Prior accident years [2] [5]		(4.2	)		(10.1	)		(11.0	)		(3.3	)		(1.4	)		(2.8	)		(1.9	)		(7.4	)		(2.4	)		(5.0	)
Total losses and loss adjustment expenses		59.1			56.2			54.6			65.9			70.3			(11.2	)		(4.4	)		58.4			68.0			(9.6	)
Expenses		29.8			31.4			31.2			31.3			33.9			(4.1	)		(2.6	)		29.5			32.6			(3.1	)
Policyholder dividends		0.6			0.4			—			0.4			0.4			0.2			—			0.5			0.4			0.1
Combined ratio		89.5			88.0			85.8			97.6			104.6			(15.1	)		(7.0	)		88.5			101.0			(12.5	)
Catastrophes
Current year		1.6			1.2			0.4			3.1			7.8			(6.2	)		(4.7	)		2.2			5.4			(3.2	)
Prior year		(0.8	)		0.2			(1.1	)		(0.4	)		0.8			(1.6	)		(1.2	)		(0.9	)		0.2			(1.1	)
Catastrophe ratio		0.8			1.4			(0.6	)		2.7			8.6			(7.8	)		(5.9	)		1.3			5.6			(4.3	)
Combined ratio before catastrophes		88.7			86.6			86.4			94.9			96.0			(7.3	)		(1.1	)		87.2			95.5			(8.3	)
Combined ratio before catastrophes and prior year development		92.1			97.0			96.3			97.7			98.2			(6.1	)		(0.5	)		93.7			98.0			(4.3	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Renewal Written Price (Decreases)/Increases		(1	%)		(2	%)		—			—			—			1	%		—			(2	%)		—			2	%
Policy Count Retention		76	%		76	%		78	%		82	%		78	%		2	%		(4	%)		77	%		80	%		3	%
New Business Premium $	$	106		$	103		$	110		$	119		$	99			(7	%)		(17	%)	$	221		$	218			(1	%)
Policies in force		96,574			95,966			95,540			95,998			96,535			—			1	%

[1]	The three months ended September 30, 2009 included a current accident year reserve release, totaling $2, or 0.4 points, primarily related to general liability claims. The three months ended December 31, 2009 included current accident year reserve strengthening, totaling $5, or 1.0 points, largely related to general liability claims.
[2]	The three months ended June 30, 2009, September 30, 2009 and December 31, 2009 included reserve releases of $33, $14 and $27, respectively, related to general liability claims. The three months ended September 30, 2009 included $32 of reserve releases related to workers’ compensation claims. The three months ended December 31, 2009 included $16 of reserve releases related to auto liability claims. The three months ended March 31, 2010 included $10 of reserve releases related to general liability umbrella claims. The three months ended June 30, 2010 included $27 of reserve releases related to general liability umbrella and high hazard claims, partially offset by $21 of general liability loss adjustment expense reserve strengthening.
[3]	The six months ended June 30, 2009 included a $2 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA). The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $9 due to an increase in the assessment for New York state funds and taxes.
[4]	The three months ended December 31, 2009 included a decrease in prior year dividends of $2.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
UNDERWRITING RESULTS
Written premiums [1]	$	292		$	266		$	274		$	309		$	280			(4	%)		(9	%)	$	587		$	589			—
Change in unearned premium reserve		(19	)		(27	)		(18	)		22			—			100	%		(100	%)		(56	)		22		NM
Earned premiums		311			293			292			287			280			(10	%)		(2	%)		643			567			(12	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		214			209			186			197			193			(10	%)		(2	%)		447			390			(13	%)
Current accident year catastrophes		1			—			—			2			—			(100	%)		(100	%)		2			2			—
Prior accident years [3]		(47	)		(39	)		(61	)		(49	)		(121	)		(157	%)		(147	%)		(72	)		(170	)		(136	%)
Total losses and loss adjustment expenses		168			170			125			150			72			(57	%)		(52	%)		377			222			(41	%)
Underwriting expenses [4]		107			91			89			84			95			(11	%)		13	%		205			179			(13	%)
Dividends to policyholders [5]		—			2			(3	)		1			2			—			100	%		2			3			50	%
Underwriting results	$	36		$	30		$	81		$	52		$	111		NM				113	%	$	59		$	163			176	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		68.7			71.1			64.1			68.3			69.9			(1.2	)		(1.6	)		69.5			69.1			0.4
Current accident year catastrophes		0.3			0.2			(0.2	)		0.5			0.4			(0.1	)		0.1			0.2			0.4			(0.2	)
Prior accident years [3] [6]		(15.0	)		(13.0	)		(20.8	)		(16.6	)		(43.6	)		28.6			27.0			(11.3	)		(29.9	)		18.6
Total losses and loss adjustment expenses		54.0			58.3			43.0			52.2			26.6			27.4			25.6			58.4			39.6			18.8
Expenses		34.5			31.0			30.5			29.3			33.5			1.0			(4.2	)		31.9			31.3			0.6
Policyholder dividends		0.1			0.5			(1.2	)		0.4			0.5			(0.4	)		(0.1	)		0.4			0.5			(0.1	)
Combined ratio		88.7			89.8			72.4			81.9			60.6			28.1			21.3			90.8			71.4			19.4
Catastrophes
Current year		0.3			0.2			(0.2	)		0.5			0.4			(0.1	)		0.1			0.2			0.4			(0.2	)
Prior year		(1.7	)		0.2			0.1			0.1			—			(1.7	)		0.1			(1.0	)		0.1			(1.1	)
Catastrophe ratio		(1.4	)		0.4			(0.1	)		0.6			0.3			(1.7	)		0.3			(0.7	)		0.5			(1.2	)
Combined ratio before catastrophes		90.1			89.4			72.5			81.3			60.3			29.8			21.0			91.5			70.9			20.6
Combined ratio before catastrophes and prior year development		103.4			102.6			93.4			98.0			103.8			(0.4	)		(5.8	)		101.9			100.9			1.0

[1]	Concurrent with the sale of the Company’s core excess and surplus lines of business in March, 2009, the Company ceded $26 of unearned premium to the buyer, reflected as a reduction of written premium in the six months ended June 30, 2009.
[2]	The three months ended June 30, 2009 included a current accident year reserve release, totaling $2, or 0.7 points, related to workers’ compensation business. The three months ended December 31, 2009 included a current accident year reserve release, totaling $14, or 4.8 points, primarily related to professional liability and workers’ compensation claims. The three months ended June 30, 2010 included current accident year reserve strengthening, totaling $8, or 2.7 points, primarily related to professional liability claims.
[3]	The three months ended June 30, 2009 included a $20 reduction in the allowance for uncollectible reinsurance. The three months ended June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010 included reserve releases of $30, $24, $53, $22 and $61, respectively, related to professional liability claims. The three months ended June 30, 2010 included a $30 reduction in the allowance for uncollectible reinsurance and $17 of reserve releases related to programs business.
[4]	The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes. The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $2 due to an increase in the assessment for New York state funds and taxes.
[5]	The three months ended December 31, 2009 included a decrease in prior year dividends of $5.
[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
SPECIALTY COMMERCIAL
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		3 Month			3 Month			JUNE 30,
	2009		2009		2009		2010		2010		Change			Change			2009			2010		Change
WRITTEN PREMIUMS [1]
Property [2]	$	—	$	—	$	—	$	—	$	—		—			—		$	(16	)	$	—		100	%
Casualty		128		109		107		174		137		7	%		(21	%)		278			311		12	%
Professional Liability, Fidelity and Surety		148		140		151		120		133		(10	%)		11	%		291			253		(13	%)
Other		16		17		16		15		10		(38	%)		(33	%)		34			25		(26	%)
Total	$	292	$	266	$	274	$	309	$	280		(4	%)		(9	%)	$	587		$	589		—
EARNED PREMIUMS [1]
Property	$	3	$	3	$	2	$	—	$	—		(100	%)		—		$	16		$	—		(100	%)
Casualty		124		116		126		134		131		6	%		(2	%)		254			265		4	%
Professional Liability, Fidelity and Surety		165		158		149		139		137		(17	%)		(1	%)		336			276		(18	%)
Other		19		16		15		14		12		(37	%)		(14	%)		37			26		(30	%)
Total	$	311	$	293	$	292	$	287	$	280		(10	%)		(2	%)	$	643		$	567		(12	%)

[1]	The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.
[2]	Concurrent with the sale of the Company’s core excess and surplus lines of business in March, 2009, the Company ceded $26 of unearned premium to the buyer, reflected as a reduction of written premium in the six months ended June 30, 2009.

PC-10

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
UNDERWRITING RESULTS
Written premiums	$	1		$	—		$	2		$	1		$	1			—			—		$	2		$	2			—
Change in unearned premium reserve		—			—			3			1			—			—			(100	%)		1			1			—
Earned premiums		1			—			(1	)		—			1			—			—			1			1			—
Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—			—			—			—
Prior accident years [1]		121			83			38			1			173			43	%	NM				121			174			44	%
Total losses and loss adjustment expenses		121			83			38			1			173			43	%	NM				121			174			44	%
Underwriting expenses		4			5			5			7			6			50	%		(14	%)		9			13			44	%
Underwriting results	$	(124	)	$	(88	)	$	(44	)	$	(8	)	$	(178	)		(44	%)	NM			$	(129	)	$	(186	)		(44	%)
Net investment income		41			40			42			41			42			2	%		2	%		81			83			2	%
Other expenses		(2	)		1			—			1			—			100	%		(100	%)		(1	)		1		NM
Income tax benefit (expense)		34			15			1			(11	)		50			47	%	NM				22			39			77	%
Core earnings		(51	)		(32	)		(1	)		23			(86	)		(69	%)	NM				(27	)		(63	)		(133	%)
Add: Net realized capital gains (losses), after-tax [2]		2			(7	)		11			(4	)		13		NM			NM				(21	)		9		NM
Net (loss) income	$	(49	)	$	(39	)	$	10		$	19		$	(73	)		(49	%)	NM			$	(48	)	$	(54	)		(13	%)

[1]

The three months ended June 30, 2009 included net asbestos reserve strengthening of $138 partially offset by a $20 reduction in the allowance for uncollectible reinsurance. The three months ended September 30, 2009 included environmental reserve strengthening of $75. The three months ended December 31, 2009 included unallocated loss adjustment expense reserve strengthening of $25. The three months ended June 30, 2010 included net asbestos reserve strengthening of $169.

[2]

See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-11

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

For the Three Months Ended June 30, 2010	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,822		$	300		$	1,393		$	3,515
Losses and loss adjustment expenses incurred		170			2			1			173
Losses and loss adjustment expenses paid		(48	)		(11	)		(43	)		(102	)
Ending liability — net [2] [3]	$	1,944	[4]	$	291		$	1,351		$	3,586

For the Six Months Ended June 30, 2010	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,892		$	307		$	1,432		$	3,631
Losses and loss adjustment expenses incurred		172			2			—			174
Losses and loss adjustment expenses paid		(120	)		(18	)		(81	)		(219	)
Ending liability — net [2] [3]	$	1,944	[5]	$	291		$	1,351		$	3,586

[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 $10 and $4, respectively, as of June 30, 2010. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three and six months ended June 30, 2010 includes $4 and $6, respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three and six months ended June 30, 2010 includes $4 and $7, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,545 and $344, respectively, as of June 30, 2010.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $233 and $227, respectively, resulting in a one year net survival ratio of 8.4 and a three year net survival ratio of 8.6. 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-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SUMMARY OF GROSS ASBESTOS RESERVES
AS OF JUNE 30, 2010

	Number of		All Time		Total		All Time
	Accounts [1]		Paid [2]		Reserves		Ultimate [2]
Major Asbestos Defendants [4]
Structured settlements (includes 4 Wellington accounts) [5]		7	$	312	$	428	$	740
Wellington (direct only)		29		908		44		952
Other major asbestos defendants		29		476		132		608
No known policies (includes 3 Wellington accounts)		5		—		—		—
Accounts with future exposure > $2.5		77		832		585		1,417
Accounts with future exposure < $2.5		1,122		409		133		542
Unallocated [6]				1,766		446		2,212
Total direct			$	4,703	$	1,768	$	6,471
Assumed reinsurance				1,199		469		1,668
London market				605		308		913
Total as of June 30, 2010 [3]			$	6,507	$	2,545	$	9,052

[1]	An account may move between categories from one evaluation to the next. Reclassifications were made as a result of the reserve evaluation completed in the second quarter of 2010.
[2]	“All Time Paid” represents the total payments with respect to the indicated claim type that have already been made by the Company as of the indicated balance sheet date. “All Time Ultimate” represents the Company’s estimate, as of the indicated balance sheet date, of the total payments that are ultimately expected to be made to fully settle the indicated payment type. The amount is the sum of the amounts already paid (e.g., “All Time Paid”) and the estimated future payments (e.g., the amount shown in the column labeled “Total Reserves”).
[3]	Survival ratio is a commonly used industry ratio for comparing reserve levels between companies. While the method is commonly used, it is not a predictive technique. Survival ratios may vary over time for numerous reasons such as large payments due to the final resolution of certain asbestos liabilities, or reserve re-estimates. The survival ratio is computed by dividing the recorded reserves by the average of the past three years of payments. The ratio is the calculated number of years the recorded reserves would survive if future annual payments were equal to the average annual payments for the past three years. The 3-year gross survival ratio of 9.1 as of June 30, 2010 is computed based on total paid losses of $843 for the period from July 1, 2007 to June 30, 2010. As of June 30, 2010, the one-year gross paid amount for total asbestos claims is $280, resulting in a one year gross survival ratio of 9.1.
[4]	Includes 25 open accounts at June 30, 2010. Included 25 open accounts at June 30, 2009.
[5]	Structured settlements include the Company’s reserves related to PPG Industries, Inc. (“PPG”). In January 2009, the Company, along with approximately three dozen other insurers, entered into a modified agreement in principle with PPG to resolve the Company’s coverage obligations for all of its PPG asbestos liabilities, including principally those arising out of its 50% stock ownership of Pittsburgh Corning Corporation (“PCC”), a joint venture with Corning, Inc. The agreement is contingent on the fulfillment of certain conditions, including the confirmation of a PCC plan of reorganization under Section 524(g) of the Bankruptcy Code, which have not yet been met.
[6]	Includes closed accounts (exclusive of Major Asbestos Defendants) and unallocated IBNR.

PC-13

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 June 30, 2010	Losses & LAE			Losses & LAE			Losses & LAE			Losses & LAE
Gross
Direct	$	38		$	209		$	10		$	—
Assumed Reinsurance		17			—			3			—
London Market		7			(15	)		1			—
Total		62			194			14			—
Ceded		(14	)		(24	)		(3	)		2
Net	$	48		$	170		$	11		$	2

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Six Months ended June 30, 2010	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
Gross
Direct	$	68		$	209		$	17		$	—
Assumed Reinsurance		50			—			3			—
London Market		15			(15	)		2			—
Total		133			194			22			—
Ceded		(13	)		(22	)		(4	)		2
Net	$	120		$	172		$	18		$	2

[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 six months ended June 30, 2010 includes $4 and $6, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and six months ended June 30, 2010 includes $4 and $7 respectively, related to asbestos and environmental claims.

PC-14

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

	For the Three Months Ended June 30, 2010
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 4/1/10 - gross	$	2,088		$	3,625		$	4,452		$	7,025		$	17,190		$	4,370		$	21,560
Reinsurance and other recoverables		19			121			311			2,124			2,575			855			3,430
Liabilities for unpaid losses and loss adjustment expenses at 4/1/10 - net		2,069			3,504			4,141			4,901			14,615			3,515			18,130
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		685			349			311			193			1,538			—			1,538
Current accident year catastrophes		146			45			38			—			229			—			229
Prior accident years		(5	)		(16	)		(7	)		(121	)		(149	)		173			24
Total provision for unpaid losses and loss adjustment expenses		826			378			342			72			1,618			173			1,791
Payments		(730	)		(347	)		(338	)		(182	)		(1,597	)		(102	)		(1,699	)
Liabilities for unpaid losses and loss adjustment expenses at 6/30/10 - net		2,165			3,535			4,145			4,791			14,636			3,586			18,222
Reinsurance and other recoverables		16			120			291			2,015			2,442			815			3,257
Liabilities for unpaid losses and loss adjustment expenses at 6/30/10 - gross	$	2,181		$	3,655		$	4,436		$	6,806		$	17,078		$	4,401		$	21,479
Earned premiums	$	994		$	648		$	487		$	280		$	2,409		$	1		$	2,410
Loss and loss expense paid ratio		73.5			53.4			69.2			65.9			66.3
Loss and loss expense incurred ratio		83.1			58.2			70.3			26.6			67.2
Prior accident year development (pts.)		(0.4	)		(2.4	)		(1.4	)		(43.6	)		(6.2	)

PC-15

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

	For the Six Months Ended June 30, 2010
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/10 - gross	$	2,070		$	3,603		$	4,442		$	7,044		$	17,159		$	4,492		$	21,651
Reinsurance and other recoverables		20			137			305			2,118			2,580			861			3,441
Liabilities for unpaid losses and loss adjustment expenses at 1/1/10 - net		2,050			3,466			4,137			4,926			14,579			3,631			18,210
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		1,351			715			642			390			3,098			—			3,098
Current accident year catastrophes		187			66			53			2			308			—			308
Prior accident years		(12	)		(34	)		(23	)		(170	)		(239	)		174			(65	)
Total provision for unpaid losses and loss adjustment expenses		1,526			747			672			222			3,167			174			3,341
Payments		(1,411	)		(678	)		(664	)		(357	)		(3,110	)		(219	)		(3,329	)
Liabilities for unpaid losses and loss adjustment expenses at 6/30/10 - net		2,165			3,535			4,145			4,791			14,636			3,586			18,222
Reinsurance and other recoverables		16			120			291			2,015			2,442			815			3,257
Liabilities for unpaid losses and loss adjustment expenses at 6/30/10 - gross	$	2,181		$	3,655		$	4,436		$	6,806		$	17,078		$	4,401		$	21,479
Earned premiums	$	1,989		$	1,285		$	988		$	567		$	4,829		$	1		$	4,830
Loss and loss expense paid ratio		70.9			52.7			67.2			63.3			64.4
Loss and loss expense incurred ratio		76.7			58.0			68.0			39.6			65.6
Prior accident year development (pts.)		(0.6	)		(2.6	)		(2.4	)		(29.9	)		(4.9	)

PC-16

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

	June 30,			December 31,
	2010			2009
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	206		$	208
Unpaid Loss and Loss Adjustment Expenses		3,145			3,321
Subtotal Gross Reinsurance Recoverables		3,351			3,529
Less: Allowance for Uncollectible Reinsurance		(307	)		(335	)
Net Reinsurance Recoverables	$	3,044		$	3,194

	As of December 31, 2009
	Amount			% of Total
Distribution of Gross Reinsurance Recoverables
Gross Reinsurance Recoverables	$	3,529
Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(642	)
Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	2,887
Rated A- (Excellent) or better by A.M. Best [1]	$	2,091			72.4	%
Other Rated by A.M. Best		48			1.7	%
Total Rated Companies		2,139			74.1	%
Voluntary Pools		152			5.3	%
Captives		209			7.2	%
Other Not Rated Companies		387			13.4	%
Total	$	2,887			100.0	%

[1] Based on A.M. Best ratings as of December 31, 2009, respectively.

PC-17

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Earned premiums	$	2,478		$	2,431		$	2,441		$	2,420		$	2,410			(3	%)		—		$	4,989		$	4,830			(3	%)
Net investment income		280			294			307			309			340			21	%		10	%		505			649			29	%
Other revenues		120			123			131			118			120			—			2	%		238			238			—
Net realized capital (losses) gains		(78	)		(90	)		197			(40	)		36		NM			NM				(401	)		(4	)		99	%
Total revenues		2,800			2,758			3,076			2,807			2,906			4	%		4	%		5,331			5,713			7	%
Losses and loss adjustment expenses [1]		1,738			1,649			1,445			1,550			1,791			3	%		16	%		3,316			3,341			1	%
Amortization of deferred policy acquisition costs		518			515			510			508			508			(2	%)		—			1,041			1,016			(2	%)
Insurance operating costs and expenses [2]		190			185			167			169			211			11	%		25	%		351			380			8	%
Other expenses [3]		163			159			197			164			163			—			(1	%)		322			327			2	%
Total benefits and expenses		2,609			2,508			2,319			2,391			2,673			2	%		12	%		5,030			5,064			1	%
Income before income taxes		191			250			757			416			233			22	%		(44	%)		301			649			116	%
Income tax expense [4]		18			60			249			159			45			150	%		(72	%)		16			204		NM
Net income		173			190			508			257			188			9	%		(27	%)		285			445			56	%
Less: Net realized capital (losses) gains, after-tax, excluded from core earnings [5]		(39	)		(56	)		130			(47	)		27		NM			NM				(248	)		(20	)		92	%
Core earnings	$	212		$	246		$	378		$	304		$	161			(24	%)		(47	%)	$	533		$	465			(13	%)
Total Property & Casualty effective tax rate — net income		9.8	%		23.9	%		32.8	%		38.2	%		19.5	%		9.7			(18.7	)		5.5	%		31.5	%		26.0
Total Property & Casualty effective tax rate — core earnings		20.5	%		26.8	%		32.2	%		33.0	%		17.3	%		(3.2	)		(15.7	)		23.4	%		28.3	%		4.9

[1]	The three months ended June 30, 2009 included $138 of net asbestos reserve strengthening, partially offset by a $40 reduction in the allowance for uncollectible reinsurance, $33 of reserve releases related to Middle Market general liability claims and $30 of reserve releases related to professional liability claims. The three months ended September 30, 2009 included $45 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $24 of reserve releases related to professional liability claims, $20 of reserve releases related to Personal Lines auto liability claims and $14 of reserve releases related to Middle Market general liability claims, partially offset by $75 of environmental reserve strengthening. The three months ended December 31, 2009 included $63 of reserve releases related to Personal Lines, Small Commercial and Middle Market auto liability claims, $53 of reserve releases related to professional liability claims and $27 of reserve releases related to Middle Market general liability claims, partially offset by $25 of Other Operations unallocated loss adjustment expense reserve strengthening. The three months ended March 31, 2010 included $22 of reserve releases related to professional liability claims, $17 of reserve releases related to Personal Lines auto liability claims and $10 of reserve releases related to Middle Market general liability umbrella claims. The three months ended June 30, 2010 included $169 of net asbestos reserve strengthening and $21 of Middle Market general liability loss adjustment expense reserve strengthening, partially offset by $61 of reserve releases related to professional liability claims, $36 of reserve releases related to Personal Lines and Small Commercial auto liability claims, a $30 reduction in the allowance for uncollectible reinsurance, $27 of reserve releases related to Middle Market general liability umbrella and high hazard claims and $17 of reserve releases related to Specialty Commercial programs business.
[2]	The six months ended June 30, 2009 included a $14 reduction to an assessment from the Texas Windstorm Insurance Association (TWIA). The three months ended June 30, 2009 included a $23 increase in taxes, licenses and fees due to a $6 increase in the assessment for a second injury fund and $17 reserve strengthening for other state funds and taxes. The three months ended December 31, 2009 included a decrease in prior year dividends of $10. The three months ended March 31, 2010 included a decrease in prior year dividends of $12. The three months ended June 30, 2010 included taxes, licenses and fees reserve strengthening of $20 due to an increase in the assessment for New York state funds and taxes.
[3]	The three months ended December 31, 2009 included a $15 increase in litigation reserves and a $9 increase in estimated non-income tax liabilities.
[4]	The three months ended March 31, 2010 included a tax charge of $19 related to a decrease in deferred tax assets as a result of recent federal legislation that will reduce the tax deduction available to the Company related to retiree health care costs beginning in 2013.
[5]	See pages C-12 and C-13 for disclosure of the components of net realized capital gains (losses), net of tax, for the periods presented herein.

PC-18

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

	AS OF															Year Over
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			Year			Sequential
	2009			2009			2009			2010			2010			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	20,773		$	22,577		$	23,911		$	24,525		$	24,196			16	%		(1	%)
Equity securities, available for sale, at fair value		586			620			453			476			426			(27	%)		(11	%)
Mortgage loans		731			690			671			497			474			(35	%)		(5	%)
Limited partnerships and other alternative investments [1]		963			952			945			895			896			(7	%)		—
Other investments [2]		114			113			93			110			95			(17	%)		(14	%)
Short term investments		1,459			1,902			1,283			917			1,548			6	%		69	%
Total investments		24,626			26,854			27,356			27,420			27,635			12	%		1	%
Cash		358			279			240			269			363			1	%		35	%
Premiums receivable and agents’ balances		3,136			3,117			3,008			3,060			3,028			(3	%)		(1	%)
Reinsurance recoverables		3,299			3,249			3,194			3,151			3,044			(8	%)		(3	%)
Deferred policy acquisition costs		1,251			1,255			1,263			1,265			1,268			1	%		—
Deferred income tax		2,165			1,517			1,468			1,256			1,077			(50	%)		(14	%)
Goodwill		149			149			149			149			149			—			—
Property and equipment, net		669			670			685			699			696			4	%		—
Other assets		1,273			1,228			1,039			1,213			1,173			(8	%)		(3	%)
Total assets	$	36,926		$	38,318		$	38,402		$	38,482		$	38,433			4	%		—
Unpaid losses and loss adjustment expenses	$	21,902		$	21,901		$	21,651		$	21,560		$	21,479			(2	%)		—
Unearned premiums		5,191			5,159			5,055			5,127			5,124			(1	%)		—
Other liabilities		2,052			2,134			2,113			2,014			1,806			(12	%)		(10	%)
Total liabilities		29,145			29,194			28,819			28,701			28,409			(3	%)		(1	%)
Equity, x-AOCI, net of tax		9,328			9,553			10,103			10,010			10,060			8	%		—
AOCI, net of tax		(1,547	)		(429	)		(520	)		(229	)		(36	)		98	%		84	%
Total Property & Casualty equity		7,781			9,124			9,583			9,781			10,024			29	%		2	%
Total liabilities and equity	$	36,926		$	38,318		$	38,402		$	38,482		$	38,433			4	%		—

[1]	Other alternative investments includes a real estate joint venture and hedge fund investments outside limited partnerships.
[2]	Primarily relates to derivative instruments.

PC-19

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

	Jun. 30, 2010			Dec. 31, 2009
Adjusted Statutory Capital and Surplus	$	7,388		$	7,364
GAAP Adjustments
Deferred policy acquisition costs		1,268			1,263
Benefit reserves		(75	)		(80	)
GAAP unrealized losses on investments, net of tax		(35	)		(515	)
Goodwill		149			149
Non-admitted assets		1,330			1,393
Other, net		(1	)		9
GAAP Stockholders’ Equity	$	10,024		$	9,583

PC-20

INVESTMENTS

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Net Investment Income (Loss)
Fixed maturitiwes [1]
Taxable	$	800		$	758		$	725		$	743		$	754			(6	%)		1	%	$	1,628		$	1,497			(8	%)
Tax-exempt		129			125			128			131			133			3	%		2	%		254			264			4	%
Total fixed maturities		929			883			853			874			887			(5	%)		1	%		1,882			1,761			(6	%)
Equity securities, trading		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Equity securities, available-for-sale		25			24			17			14			13			(48	%)		(7	%)		52			27			(48	%)
Mortgage loans		79			82			76			71			67			(15	%)		(6	%)		158			138			(13	%)
Policy loans		36			36			31			33			35			(3	%)		6	%		72			68			(6	%)
Limited partnerships and other alternative investments [2]		(93	)		(32	)		(7	)		6			86		NM			NM				(302	)		92		NM
Other [3]		70			89			101			85			91			30	%		7	%		128			176			38	%
Subtotal		3,569			1,720			1,822			1,784			(1,470	)	NM			NM				3,789			314			(92	%)
Less: Investment expense		25			33			30			23			26			4	%		13	%		49			49			—
Total net investment income	$	3,544		$	1,687		$	1,792		$	1,761		$	(1,496	)	NM			NM			$	3,740		$	265			(93	%)
Less: Equity securities, trading		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Total net investment income excluding trading securities	$	1,021		$	1,049		$	1,041		$	1,060		$	1,153			13	%		9	%	$	1,941		$	2,213			14	%
Annualized investment yield, before-tax [4]		4.2	%		4.2	%		4.2	%		4.3	%		4.8	%		0.6			0.5			3.9	%		4.5	%		0.6
Annualized investment yield, after-tax [4]		2.9	%		2.9	%		2.9	%		3.0	%		3.3	%		0.4			0.3			2.7	%		3.1	%		0.4
Net Realized Capital Gains (Losses)
Gross gains on sales	$	157		$	205		$	486		$	132		$	343			118	%		160	%	$	365		$	475			30	%
Gross losses on sales		(189	)		(104	)		(384	)		(111	)		(94	)		50	%		15	%		(909	)		(205	)		77	%
Net impairment losses		(314	)		(536	)		(434	)		(152	)		(108	)		66	%		29	%		(538	)		(260	)		52	%
Valuation allowances on mortgage loans		(78	)		(40	)		(210	)		(112	)		(40	)		49	%		64	%		(153	)		(152	)		1	%
Japanese fixed annuity contract hedges, net [5]		(6	)		(7	)		19			(16	)		27		NM			NM				35			11			(69	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(13	)		(7	)		(10	)		(7	)		(4	)		69	%		43	%		(32	)		(11	)		66	%
Results of variable annuity hedge program
GMWB derivatives, net [7]		671			(190	)		456			129			(426	)	NM			NM				1,260			(297	)	NM
Macro hedge		(568	)		(328	)		(203	)		(164	)		397		NM			NM				(364	)		233		NM
Total results of variable annuity hedge program		103			(518	)		253			(35	)		(29	)	NM				17	%		896			(64	)	NM
Other net gain (loss) [8]		(341	)		(212	)		86			25			(84	)		75	%	NM				(261	)		(59	)		77	%
Total net realized capital gains (losses)	$	(681	)	$	(1,219	)	$	(194	)	$	(276	)	$	11		NM			NM			$	(597	)	$	(265	)		56	%

[1]	Includes income on short-term bonds.
[2]	Includes income on real estate joint ventures and hedge fund investments outside of limited partnerships.
[3]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.
[4]	Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, securities lending collateral and consolidated variable interest entity non-controlling interests.
[5]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[6]	Included in core earnings.
[7]	The net loss on GMWB related derivatives for the three and six months ended June 30, 2010 was primarily due to losses on higher implied market volatility of $196 and $82, respectively, and losses due to a general decrease in long-term interest rates of $192 and $214, respectively.
[8]	Primarily consists of losses on Japan 3Win related foreign currency swaps, changes in fair value on non-qualifying derivatives, and other investment gains and losses.

I-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	592		$	564		$	525		$	544		$	560			(5	%)		3	%	$	1,207		$	1,104			(9	%)
Tax-exempt		30			30			30			29			30			—			3	%		60			59			(2	%)
Total fixed maturities		622			594			555			573			590			(5	%)		3	%		1,267			1,163			(8	%)
Equity securities, trading		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Equity securities, available-for-sale		16			17			10			7			6			(63	%)		(14	%)		31			13			(58	%)
Mortgage loans		70			68			64			60			57			(19	%)		(5	%)		140			117			(16	%)
Policy loans		36			36			31			33			35			(3	%)		6	%		72			68			(6	%)
Limited partnerships and other alternative investments [2]		(51	)		(20	)		(6	)		11			54		NM			NM				(166	)		65		NM
Other [3]		64			78			95			77			83			30	%		8	%		120			160			33	%
Subtotal		3,280			1,411			1,500			1,462			(1,824	)	NM			NM				3,263			(362	)	NM
Less: Investment expense		18			25			22			17			18			—			6	%		36			35			(3	%)
Total net investment income (loss)	$	3,262		$	1,386		$	1,478		$	1,445		$	(1,842	)	NM			NM			$	3,227		$	(397	)	NM
Less: Equity securities, trading		2,523			638			751			701			(2,649	)	NM			NM				1,799			(1,948	)	NM
Total net investment income excluding trading securities	$	739		$	748		$	727		$	744		$	807			9	%		8	%	$	1,428		$	1,551			9	%
Annualized investment yield, before-tax [4]		4.3	%		4.4	%		4.4	%		4.4	%		4.8	%		0.5			0.4			4.1	%		4.6	%		0.5
Annualized investment yield, after-tax [4]		2.8	%		2.9	%		2.9	%		2.9	%		3.2	%		0.4			0.3			2.7	%		3.1	%		0.4
Net Realized Capital Gains (Losses)
Gross gains on sales	$	83		$	130		$	85		$	98		$	262		NM				167	%	$	219		$	360			64	%
Gross losses on sales		(148	)		(67	)		(265	)		(73	)		(59	)		60	%		19	%		(537	)		(132	)		75	%
Net impairment losses		(266	)		(453	)		(373	)		(138	)		(92	)		65	%		33	%		(451	)		(230	)		49	%
Valuation allowances on mortgage loans		(53	)		(40	)		(197	)		(86	)		(39	)		26	%		55	%		(101	)		(125	)		(24	%)
Japanese fixed annuity contract hedges, net [5]		(6	)		(7	)		19			(16	)		27		NM			NM				35			11			(69	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(9	)		(4	)		(8	)		(5	)		(1	)		89	%		80	%		(25	)		(6	)		76	%
Results of variable annuity hedge program
GMWB derivatives, net [7]		671			(190	)		456			129			(426	)	NM			NM				1,260			(297	)	NM
Macro hedge		(568	)		(328	)		(203	)		(164	)		397		NM			NM				(364	)		233		NM
Total results of variable annuity hedge program		103			(518	)		253			(35	)		(29	)	NM				17	%		896			(64	)	NM
Other net loss [8]		(33	)		(167	)		88			19			(94	)		(185	%)	NM				—			(75	)		—
Total net realized capital gains (losses)	$	(329	)	$	(1,126	)	$	(398	)	$	(236	)	$	(25	)		92	%		89	%	$	36		$	(261	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes income on a real estate joint venture.
[3]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.
[4]	Yields calculated using annualized net investment income (excluding income related to equity securities, trading) divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities, trading, securities lending collateral and consolidated variable interest entity non-controlling interests.
[5]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[6]	Included in core earnings.
[7]	The net loss on GMWB related derivatives for the three and six months ended June 30, 2010 was primarily due to losses on higher implied market volatility of $196 and $82, respectively, and losses due to a general decrease in long-term interest rates of $192 and $214, respectively.
[8]	Primarily consists of losses on Japan 3Win related foreign currency swaps, changes in fair value on non-qualifying derivatives, and other investment gains and losses.

I-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	207		$	193		$	197		$	197		$	192			(7	%)		(3	%)	$	416		$	389			(6	%)
Tax-exempt		99			95			98			102			103			4	%		1	%		194			205			6	%
Total fixed maturities		306			288			295			299			295			(4	%)		(1	%)		610			594			(3	%)
Equity securities, available-for-sale		8			6			7			6			7			(13	%)		17	%		19			13			(32	%)
Mortgage loans		9			9			8			7			6			(33	%)		(14	%)		18			13			(28	%)
Limited partnerships and other alternative investments [2]		(42	)		(12	)		(1	)		(5	)		32		NM			NM				(136	)		27		NM
Other [3]		6			11			6			8			8			33	%		—			7			16			129	%
Subtotal		287			302			315			315			348			21	%		10	%		518			663			28	%
Less: Investment expense		7			8			8			6			8			14	%		33	%		13			14			8	%
Total net investment income (loss)	$	280		$	294		$	307		$	309		$	340			21	%		10	%	$	505		$	649			29	%
Annualized investment yield, before-tax [4]		4.2	%		4.3	%		4.4	%		4.4	%		4.9	%		0.7			0.5			3.8	%		4.6	%		0.8
Annualized investment yield, after-tax [4]		3.3	%		3.3	%		3.3	%		3.3	%		3.6	%		0.3			0.3			3.0	%		3.5	%		0.5
Net Realized Capital Gains (Losses)
Gross gains on sales	$	74		$	74		$	393		$	33		$	80			8	%		142	%	$	145		$	113			(22	%)
Gross losses on sales		(40	)		(36	)		(119	)		(37	)		(35	)		13	%		5	%		(370	)		(72	)		81	%
Net impairment losses		(48	)		(83	)		(61	)		(14	)		(16	)		67	%		(14	%)		(84	)		(30	)		64	%
Valuation allowances on mortgage loans		(25	)		—			(13	)		(26	)		(1	)		96	%		96	%		(52	)		(27	)		48	%
Periodic net coupon settlements on credit derivatives [5]		(4	)		(3	)		(2	)		(2	)		(3	)		25	%		(50	%)		(7	)		(5	)		29	%
Other net loss [6]		(35	)		(42	)		(1	)		6			11		NM				83	%		(33	)		17		NM
Total net realized capital gains (losses)	$	(78	)	$	(90	)	$	197		$	(40	)	$	36		NM			NM			$	(401	)	$	(4	)		99	%

[1]	Includes income on short-term bonds.
[2]	Includes income on a real estate joint venture and hedge fund investments outside of limited partnerships.
[3]	Primarily represents income from derivatives that qualify for hedge accounting and hedge fixed maturities.
[4]	Yields calculated using annualized net investment income divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding securities lending collateral.
[5]	Included in core earnings.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives.

I-3

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2009			2009			2009			2010			2010			Change			Change			2009			2010			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	1		$	1		$	3		$	2		$	2			100	%		—		$	5		$	4			(20	%)
Total fixed maturities		1			1			3			2			2			100	%		—			5			4			(20	%)
Equity securities, available-for-sale		1			1			—			1			—			(100	%)		(100	%)		2			1			(50	%)
Mortgage loans [2]		—			5			4			4			4			—			—			—			8			—
Other		—			—			—			—			—			—			—			1			—			(100	%)
Total net investment income	$	2		$	7		$	7		$	7		$	6		NM				(14	%)	$	8		$	13			63	%
Net Realized Capital Gains (Losses)
Gross gains on sales	$	—		$	1		$	8		$	1		$	1			—			—		$	1		$	2			100	%
Gross losses on sales		(1	)		(1	)		—			(1	)		—			100	%		100	%		(2	)		(1	)		50	%
Net impairment losses		—			—			—			—			—			—			—			(3	)		—			100	%
Other net gain (loss)		(273	)		(3	)		(1	)		—			(1	)		100	%		—			(228	)		(1	)		100	%
Total net realized capital gains (losses)	$	(274	)	$	(3	)	$	7		$	—		$	—			100	%		—		$	(232	)	$	—			100	%

[1]	Includes income on short-term bonds.
[2]	Represents income on mortgage loans held at Federal Trust Corporation.

I-4

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2009					2009					2009					2010					2010
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	64,868		53.5	%	$	68,641		53.0	%	$	71,153		56.7	%	$	75,584		59.3	%	$	77,132		60.2	%
Equity securities, trading, at fair value [1]		30,813		25.4	%		33,463		25.9	%		32,321		25.7	%		32,053		25.2	%		30,183		23.6	%
Equity securities, available-for-sale, at fair value		1,308		1.1	%		1,397		1.1	%		1,221		1.0	%		1,153		0.9	%		1,103		0.9	%
Mortgage loans		6,522		5.4	%		6,328		4.9	%		5,938		4.7	%		5,162		4.1	%		4,673		3.6	%
Policy loans, at outstanding balance		2,204		1.8	%		2,209		1.7	%		2,174		1.7	%		2,177		1.7	%		2,182		1.7	%
Limited partnerships and other alternative investments [2]		1,838		1.5	%		1,812		1.4	%		1,790		1.4	%		1,736		1.4	%		1,774		1.4	%
Other investments [3]		1,107		0.9	%		1,679		1.3	%		602		0.5	%		941		0.7	%		2,293		1.8	%
Short-term investments		12,701		10.4	%		13,910		10.7	%		10,357		8.3	%		8,545		6.7	%		8,731		6.8	%
Total investments	$	121,361		100.0	%	$	129,439		100.0	%	$	125,556		100.0	%	$	127,351		100.0	%	$	128,071		100.0	%
Less: Equity securities, trading		30,813		25.4	%		33,463		25.9	%		32,321		25.7	%		32,053		25.2	%		30,183		23.6	%
Total investments excluding trading securities	$	90,548		74.6	%	$	95,976		74.1	%	$	93,235		74.3	%	$	95,298		74.8	%	$	97,888		76.4	%
HIMCO managed third party accounts	$	7,685				$	7,925				$	8,120				$	8,586				$	8,063
Asset-backed securities (“ABS”)	$	2,450		3.8	%	$	2,540		3.7	%	$	2,523		3.5	%	$	2,885		3.8	%	$	3,012		3.9	%
Collateralized debt obligations (“CDOs”)		2,563		4.0	%		2,818		4.1	%		2,892		4.1	%		2,790		3.7	%		2,824		3.7	%
Commercial mortgage-backed securities (“CMBS”)		8,290		12.8	%		9,002		13.1	%		8,544		12.0	%		8,716		11.5	%		8,719		11.3	%
Corporate		30,835		47.5	%		34,011		49.5	%		35,243		49.5	%		38,593		51.1	%		38,834		50.4	%
Foreign government/government agencies		1,031		1.6	%		1,071		1.6	%		1,408		2.0	%		1,483		2.0	%		1,716		2.2	%
Municipal — taxable		893		1.4	%		1,003		1.5	%		975		1.4	%		1,085		1.4	%		1,101		1.4	%
Municipal — tax-exempt		10,060		15.5	%		10,812		15.8	%		11,090		15.6	%		11,264		14.9	%		11,415		14.8	%
Residential mortgage-backed securities (“RMBS”)		4,506		6.9	%		4,821		7.0	%		4,847		6.8	%		4,389		5.8	%		4,772		6.2	%
U.S. Treasuries		4,240		6.5	%		2,563		3.7	%		3,631		5.1	%		4,379		5.8	%		4,739		6.1	%
Total fixed maturities	$	64,868		100.0	%	$	68,641		100.0	%	$	71,153		100.0	%	$	75,584		100.0	%	$	77,132		100.0	%
U.S. government/government agencies	$	7,801		12.0	%	$	6,231		9.1	%	$	7,172		10.1	%	$	7,517		9.9	%	$	8,428		10.9	%
AAA		11,797		18.2	%		11,227		16.3	%		11,188		15.7	%		11,047		14.6	%		11,406		14.8	%
AA		11,044		17.0	%		13,019		19.0	%		13,932		19.6	%		14,766		19.6	%		15,357		19.9	%
A		16,985		26.2	%		18,505		27.0	%		18,664		26.2	%		19,598		25.9	%		19,150		24.8	%
BBB		14,687		22.7	%		16,566		24.1	%		17,071		24.0	%		19,092		25.3	%		19,018		24.7	%
BB & below		2,554		3.9	%		3,093		4.5	%		3,126		4.4	%		3,564		4.7	%		3,773		4.9	%
Total fixed maturities	$	64,868		100.0	%	$	68,641		100.0	%	$	71,153		100.0	%	$	75,584		100.0	%	$	77,132		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 and hedge fund investments outside of limited partnerships.
[3]	Primarily relates to derivative instruments.

I-5

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2009					2009					2009					2010					2010
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	43,980		47.6	%	$	45,927		47.1	%	$	46,912		49.1	%	$	50,743		52.2	%	$	52,652		53.8	%
Equity securities, trading, at fair value [1]		30,813		33.4	%		33,463		34.3	%		32,321		33.9	%		32,053		33.0	%		30,183		30.8	%
Equity securities, available-for-sale, at fair value		642		0.7	%		690		0.7	%		680		0.7	%		585		0.6	%		589		0.6	%
Mortgage loans		5,503		6.0	%		5,365		5.5	%		5,002		5.2	%		4,409		4.5	%		3,956		4.0	%
Policy loans, at outstanding balance		2,204		2.4	%		2,209		2.3	%		2,174		2.3	%		2,177		2.2	%		2,182		2.2	%
Limited partnerships and other alternative investments [2]		875		0.9	%		860		0.9	%		845		0.9	%		841		0.9	%		878		0.9	%
Other investments [3]		954		1.0	%		1,513		1.5	%		457		0.5	%		780		0.8	%		2,147		2.2	%
Short-term investments		7,365		8.0	%		7,478		7.7	%		7,079		7.4	%		5,608		5.8	%		5,356		5.5	%
Total investments	$	92,336		100.0	%	$	97,505		100.0	%	$	95,470		100.0	%	$	97,196		100.0	%	$	97,943		100.0	%
Less: Equity securities, trading		30,813		33.4	%		33,463		34.3	%		32,321		33.9	%		32,053		33.0	%		30,183		30.8	%
Total investments excluding trading securities	$	61,523		66.6	%	$	64,042		65.7	%	$	63,149		66.1	%	$	65,143		67.0	%	$	67,760		69.2	%
ABS	$	2,154		4.9	%	$	2,200		4.8	%	$	2,122		4.5	%	$	2,427		4.8	%	$	2,506		4.8	%
CDOs		2,094		4.8	%		2,301		5.0	%		2,355		5.0	%		2,241		4.4	%		2,271		4.3	%
CMBS		5,697		12.9	%		6,212		13.5	%		5,838		12.4	%		5,962		11.8	%		6,046		11.5	%
Corporate		23,537		53.5	%		25,675		55.9	%		26,218		55.9	%		28,791		56.7	%		29,290		55.6	%
Foreign government/government agencies		608		1.4	%		640		1.4	%		978		2.1	%		1,010		2.0	%		1,280		2.4	%
Municipal — taxable		757		1.7	%		853		1.8	%		832		1.8	%		927		1.8	%		970		1.8	%
Municipal — tax-exempt		2,348		5.3	%		2,467		5.4	%		2,416		5.2	%		2,448		4.8	%		2,511		4.8	%
RMBS		3,279		7.5	%		3,569		7.8	%		3,602		7.7	%		3,413		6.7	%		3,732		7.1	%
U.S. Treasuries		3,506		8.0	%		2,010		4.4	%		2,551		5.4	%		3,524		7.0	%		4,046		7.7	%
Total fixed maturities	$	43,980		100.0	%	$	45,927		100.0	%	$	46,912		100.0	%	$	50,743		100.0	%	$	52,652		100.0	%
U.S. government/government agencies	$	5,795		13.2	%	$	4,535		9.9	%	$	4,944		10.5	%	$	5,722		11.3	%	$	6,661		12.7	%
AAA		7,818		17.8	%		7,117		15.5	%		7,062		15.1	%		7,056		13.9	%		7,343		13.9	%
AA		5,805		13.2	%		7,092		15.4	%		7,467		15.9	%		8,074		15.9	%		8,255		15.7	%
A		11,686		26.6	%		12,678		27.6	%		12,605		26.9	%		13,272		26.2	%		13,444		25.5	%
BBB		10,841		24.6	%		11,992		26.1	%		12,324		26.3	%		13,716		27.0	%		13,870		26.4	%
BB & below		2,035		4.6	%		2,513		5.5	%		2,510		5.3	%		2,903		5.7	%		3,079		5.8	%
Total fixed maturities	$	43,980		100.0	%	$	45,927		100.0	%	$	46,912		100.0	%	$	50,743		100.0	%	$	52,652		100.0	%

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

I-6

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

PROPERTY & CASUALTY

	June 30,					September 30,					December 31,					March 31,					June 30,
	2009					2009					2009					2010					2010
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	20,773		84.3	%	$	22,577		84.1	%	$	23,911		87.4	%	$	24,525		89.5	%	$	24,196		87.6	%
Equity securities, available-for-sale, at fair value		586		2.4	%		620		2.3	%		453		1.7	%		476		1.7	%		426		1.5	%
Mortgage loans		731		3.0	%		690		2.6	%		671		2.4	%		497		1.8	%		474		1.7	%
Limited partnerships and other alternative investments [1]		963		3.9	%		952		3.5	%		945		3.5	%		895		3.3	%		896		3.3	%
Other investments [2]		114		0.5	%		113		0.4	%		93		0.3	%		110		0.4	%		95		0.3	%
Short-term investments		1,459		5.9	%		1,902		7.1	%		1,283		4.7	%		917		3.3	%		1,548		5.6	%
Total investments	$	24,626		100.0	%	$	26,854		100.0	%	$	27,356		100.0	%	$	27,420		100.0	%	$	27,635		100.0	%
ABS	$	296		1.4	%	$	340		1.5	%	$	401		1.7	%	$	458		1.9	%	$	506		2.1	%
CDOs		468		2.3	%		517		2.3	%		537		2.2	%		549		2.2	%		553		2.3	%
CMBS		2,593		12.5	%		2,790		12.4	%		2,706		11.3	%		2,754		11.2	%		2,673		11.0	%
Corporate		7,215		34.7	%		8,230		36.4	%		8,971		37.5	%		9,765		39.8	%		9,539		39.5	%
Foreign government/government agencies		417		2.0	%		421		1.9	%		423		1.8	%		463		1.9	%		429		1.8	%
Municipal — taxable		136		0.7	%		150		0.7	%		143		0.6	%		158		0.7	%		131		0.5	%
Municipal — tax-exempt		7,706		37.1	%		8,338		36.9	%		8,667		36.2	%		8,809		35.9	%		8,897		36.8	%
RMBS		1,212		5.8	%		1,240		5.5	%		1,234		5.2	%		966		3.9	%		1,028		4.2	%
U.S. Treasuries		730		3.5	%		551		2.4	%		829		3.5	%		603		2.5	%		440		1.8	%
Total fixed maturities	$	20,773		100.0	%	$	22,577		100.0	%	$	23,911		100.0	%	$	24,525		100.0	%	$	24,196		100.0	%
U.S. government/government agencies	$	1,989		9.6	%	$	1,683		7.5	%	$	1,967		8.2	%	$	1,534		6.3	%	$	1,503		6.2	%
AAA		3,963		19.1	%		4,085		18.1	%		4,112		17.2	%		3,979		16.2	%		4,055		16.8	%
AA		5,198		25.0	%		5,875		26.0	%		6,436		26.9	%		6,671		27.2	%		7,096		29.2	%
A		5,264		25.3	%		5,783		25.6	%		6,036		25.2	%		6,305		25.7	%		5,700		23.6	%
BBB		3,842		18.5	%		4,571		20.2	%		4,744		19.9	%		5,375		21.9	%		5,148		21.3	%
BB & below		517		2.5	%		580		2.6	%		616		2.6	%		661		2.7	%		694		2.9	%
Total fixed maturities	$	20,773		100.0	%	$	22,577		100.0	%	$	23,911		100.0	%	$	24,525		100.0	%	$	24,196		100.0	%

[1]	Includes a real estate joint venture and hedge fund investments outside of limited partnerships.
[2]	Primarily relates to derivative instruments.

I-7

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

	June 30,					September 30,					December 31,					March 31,					June 30,
	2009					2009					2009					2010					2010
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	115		2.6	%	$	137		2.7	%	$	330		12.1	%	$	316		11.5	%	$	284		11.4	%
Equity securities, available-for-sale, at fair value		80		1.8	%		87		1.7	%		88		3.2	%		92		3.4	%		88		3.5	%
Mortgage loans [2]		288		6.6	%		273		5.4	%		265		9.7	%		256		9.4	%		243		9.7	%
Other investments [3]		39		0.9	%		53		1.0	%		52		1.9	%		51		1.9	%		51		2.0	%
Short-term investments [4]		3,877		88.1	%		4,530		89.2	%		1,995		73.1	%		2,020		73.8	%		1,827		73.4	%
Total investments	$	4,399		100.0	%	$	5,080		100.0	%	$	2,730		100.0	%	$	2,735		100.0	%	$	2,493		100.0	%
CDOs	$	1		0.9	%	$	—		—		$	—		—		$	—		—		$	—		—
Corporate		83		72.2	%		106		77.4	%		54		16.4	%		37		11.7	%		5		1.8	%
Foreign government/government agencies		6		5.2	%		10		7.3	%		7		2.1	%		10		3.2	%		7		2.5	%
Municipal — tax-exempt		6		5.2	%		7		5.1	%		7		2.1	%		7		2.2	%		7		2.5	%
RMBS		15		13.0	%		12		8.7	%		11		3.3	%		10		3.2	%		12		4.2	%
U.S. Treasuries		4		3.5	%		2		1.5	%		251		76.1	%		252		79.7	%		253		89.0	%
Total fixed maturities	$	115		100.0	%	$	137		100.0	%	$	330		100.0	%	$	316		100.0	%	$	284		100.0	%
U.S. government/government agencies	$	17		14.8	%	$	13		9.5	%	$	261		79.1	%	$	261		82.7	%	$	264		93.0	%
AAA		16		13.9	%		25		18.2	%		14		4.2	%		12		3.8	%		8		2.8	%
AA		41		35.7	%		52		38.0	%		29		8.8	%		21		6.6	%		6		2.1	%
A		35		30.4	%		44		32.1	%		23		7.0	%		21		6.6	%		6		2.1	%
BBB		4		3.5	%		3		2.2	%		3		0.9	%		1		0.3	%		—		—
BB & below		2		1.7	%		—		—			—		—			—		—			—		—
Total fixed maturities	$	115		100.0	%	$	137		100.0	%	$	330		100.0	%	$	316		100.0	%	$	284		100.0	%

[1]	Includes $83, $113, $309, $297 and $263 as of June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $27, $21, $20, $19 and $21 as of June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, respectively, held at Federal Trust Corporation.
[2]	Represents mortgage loans held at Federal Trust Corporation.
[3]	Relates to a put option agreement for the Company’s contingent capital facility.
[4]	Includes $3,598, $4,341, $1,936, $1,985 and $1,793 as of June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, respectively, which were investments held by The Hartford Financial Services Group, Inc. Includes $211, $151, $45, $29 and $28 as of June 30, 2009, September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, respectively, held at Federal Trust Corporation.

I-8

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

	June 30, 2010							December 31, 2009
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss [2]			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	4,975	$	4,854	$	(121	)	$	11,197	$	10,838	$	(359	)
Greater than three months to six months		931		886		(45	)		317		289		(28	)
Greater than six months to nine months		1,790		1,652		(138	)		2,940		2,429		(511	)
Greater than nine months to twelve months		152		137		(15	)		2,054		1,674		(380	)
Greater than twelve months		21,373		16,842		(4,531	)		22,445		16,636		(5,809	)
Total	$	29,221	$	24,371	$	(4,850	)	$	38,953	$	31,866	$	(7,087	)
BIG [4] and Equity AFS Securities
Three months or less	$	354	$	338	$	(16	)	$	293	$	242	$	(51	)
Greater than three months to six months		79		68		(11	)		18		16		(2	)
Greater than six months to nine months		224		184		(40	)		534		424		(110	)
Greater than nine months to twelve months		5		4		(1	)		206		166		(40	)
Greater than twelve months		4,102		2,904		(1,198	)		3,362		2,223		(1,139	)
Total	$	4,764	$	3,498	$	(1,266	)	$	4,413	$	3,071	$	(1,342	)

[1]	Includes investments held in Corporate.
[2]	As of June 30, 2010, fixed maturities represented $4,646, or 96%, of the Company’s total unrealized loss on AFS securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2010 and December 31, 2009.
[3]	Represents available-for-sale (“AFS”) securities.
[4]	Represents below investment grade (“BIG”) securities.

I-9

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

	June 30, 2010							December 31, 2009
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss [1]			Cost		Value		Loss
Total AFS Securities
Three months or less	$	3,669	$	3,587	$	(82	)	$	6,831	$	6,555	$	(276	)
Greater than three months to six months		669		633		(36	)		222		201		(21	)
Greater than six months to nine months		1,102		985		(117	)		1,294		1,092		(202	)
Greater than nine months to twelve months		70		60		(10	)		1,900		1,537		(363	)
Greater than twelve months		15,732		12,161		(3,571	)		16,857		12,127		(4,730	)
Total	$	21,242	$	17,426	$	(3,816	)	$	27,104	$	21,512	$	(5,592	)
BIG and Equity AFS Securities
Three months or less	$	327	$	314	$	(13	)	$	248	$	202	$	(46	)
Greater than three months to six months		71		64		(7	)		18		16		(2	)
Greater than six months to nine months		189		154		(35	)		245		193		(52	)
Greater than nine months to twelve months		5		4		(1	)		150		117		(33	)
Greater than twelve months		3,059		2,117		(942	)		2,674		1,704		(970	)
Total	$	3,651	$	2,653	$	(998	)	$	3,335	$	2,232	$	(1,103	)

[1] As of June 30, 2010, fixed maturities represented $3,719, or 97%, of the Company’s total unrealized loss on AFS securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2010 and December 31, 2009.

I-10

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

	June 30, 2010							December 31, 2009
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss [1]			Cost		Value		Loss
Total AFS Securities
Three months or less	$	1,299	$	1,261	$	(38	)	$	4,099	$	4,020	$	(79	)
Greater than three months to six months		261		252		(9	)		95		88		(7	)
Greater than six months to nine months		673		656		(17	)		1,646		1,337		(309	)
Greater than nine months to twelve months		82		77		(5	)		154		137		(17	)
Greater than twelve months		5,637		4,677		(960	)		5,546		4,467		(1,079	)
Total	$	7,952	$	6,923	$	(1,029	)	$	11,540	$	10,049	$	(1,491	)
BIG and Equity AFS Securities
Three months or less	$	21	$	19	$	(2	)	$	28	$	26	$	(2	)
Greater than three months to six months		7		3		(4	)		—		—		—
Greater than six months to nine months		20		18		(2	)		289		231		(58	)
Greater than nine months to twelve months		—		—		—			56		49		(7	)
Greater than twelve months		1,039		783		(256	)		646		478		(168	)
Total	$	1,087	$	823	$	(264	)	$	1,019	$	784	$	(235	)

[1] As of June 30, 2010, fixed maturities represented $927, or 90%, of the Company’s total unrealized loss on AFS securities. The Company held no securities of a single issuer that were in an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2010 and December 31, 2009.

I-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF JUNE 30, 2010

	LIFE								P&C								CONSOLIDATED [2]
					Percent of								Percent of								Percent of
	Cost or				Total				Cost or				Total				Cost or				Total
	Amortized		Fair		Invested				Amortized		Fair		Invested				Amortized		Fair		Invested
	Cost		Value		Assets [1]				Cost		Value		Assets				Cost		Value		Assets [1]
TOP TEN CORPORATE AND EQUITY, AFS EXPOSURES BY SECTOR
Financial services	$	6,262	$	5,869		8.7	%	Financial services	$	2,487	$	2,261		8.2	%	Financial services	$	8,749	$	8,130		8.3	%
Utilities		5,005		5,323		7.8	%	Utilities		1,739		1,821		6.6	%	Utilities		6,745		7,145		7.3	%
Consumer non-cyclical		4,411		4,785		7.1	%	Consumer non-cyclical		1,390		1,492		5.4	%	Consumer non-cyclical		5,801		6,277		6.4	%
Technology and communications		2,998		3,175		4.7	%	Technology and communications		1,099		1,131		4.1	%	Technology and communications		4,097		4,306		4.4	%
Energy		2,464		2,610		3.8	%	Basic industry		797		846		3.1	%	Basic industry		3,276		3,473		3.5	%
Capital goods		2,393		2,573		3.8	%	Capital goods		782		833		3.0	%	Capital goods		3,175		3,406		3.5	%
Basic industry		2,392		2,539		3.7	%	Energy		703		729		2.6	%	Energy		3,167		3,339		3.4	%
Consumer cyclical		1,523		1,609		2.4	%	Consumer cyclical		398		423		1.5	%	Consumer cyclical		1,921		2,032		2.1	%
Transportation		694		736		1.1	%	Other		298		273		1.0	%	Other		1,031		937		1.0	%
Other		729		660		1.0	%	Transportation		145		156		0.6	%	Transportation		839		892		0.9	%
Total	$	28,871	$	29,879		44.1	%	Total	$	9,838	$	9,965		36.1	%	Total	$	38,801	$	39,937		40.8	%
TOP TEN EXPOSURES BY ISSUER [3]
Government of United Kingdom	$	330	$	343		0.5	%	State of Georgia	$	233	$	245		0.9	%	JPMorgan Chase & Co.	$	449	$	421		0.4	%
JPMorgan Chase & Co.		330		302		0.4	%	State of Louisiana		173		180		0.7	%	Government of United Kingdom		367		380		0.4	%
Bank of America Corp.		340		270		0.4	%	New York, NY		136		143		0.5	%	Berkshire Hathaway Inc.		315		348		0.4	%
Wells Fargo & Co.		303		265		0.4	%	State of California		121		120		0.4	%	AT&T Inc.		289		321		0.3	%
AT&T Inc.		231		258		0.4	%	JPMorgan Chase & Co.		119		119		0.4	%	Bank of America Corp.		380		309		0.3	%
Berkshire Hathaway Inc.		220		241		0.4	%	Government of Canada		117		117		0.4	%	Wells Fargo & Co.		337		298		0.3	%
Credit Suisse Group AG		234		222		0.3	%	State of Washington		110		115		0.4	%	General Electric Co.		336		279		0.3	%
Citigroup Inc.		248		215		0.3	%	State of Massachusetts		105		111		0.4	%	Pfizer Inc.		246		279		0.3	%
Verizon Communications Inc.		193		210		0.3	%	Goldman Sachs Group Inc.		143		110		0.4	%	Citigroup Inc.		308		275		0.3	%
Barclays PLC		222		206		0.3	%	Berkshire Hathaway Inc.		95		107		0.4	%	Verizon Communications Inc.		252		272		0.3	%
Total	$	2,651	$	2,532		3.7	%	Total	$	1,352	$	1,367		4.9	%	Total	$	3,279	$	3,182		3.3	%

[1]	Excludes equity securities, trading.
[2]	Includes investments held in Corporate.
[3]	Excludes U.S. government and government agency securities, mortgage obligations issued by government sponsored agencies, cash equivalent securities, exposures resulting from derivative transactions and equity securities, trading.

I-12