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Stock Compensation Plans
3 Months Ended
Mar. 31, 2012
Stock Compensation Plans [Abstract]  
Stock Compensation Plans
11. Stock Compensation Plans

The Company’s stock-based compensation plans include The Hartford 2010 Incentive Stock Plan, The Hartford Employee Stock Purchase Plan and The Hartford Deferred Stock Unit Plan. For a description of these plans, see Note 18 of the Notes to Consolidated Financial Statements included in The Hartford’s 2011 Form 10-K Annual Report.

Shares issued in satisfaction of stock-based compensation may be made available from authorized but unissued shares, shares held by the Company in treasury or from shares purchased in the open market. The Company typically issues shares from treasury in satisfaction of stock-based compensation.

 

 

                 
    Three Months Ended
March  31,
 
    2012     2011  

Stock-based compensation plans expense

  $ 40     $ 22  

Income tax benefit

    (14     (8
   

 

 

   

 

 

 

Total stock-based compensation plans expense, after-tax

  $ 26     $ 14  
   

 

 

   

 

 

 

In 2010 and 2009, the Company issued awards that will ultimately be settled in cash. As a result, these awards are re-measured at the end of each reporting period until settlement. The net stock-based compensation plans expense recognized during the three months ended March 31, 2012 was a result of an increase in the Company’s share price during the reporting period.

The Company did not capitalize any cost of stock-based compensation. As of March 31, 2012, the total compensation cost related to non-vested awards not yet recognized was $127, which is expected to be recognized over a weighted average period of 2.3 years.