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): April 30, 2009

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 April 30, 2009, The Hartford Financial Services Group, Inc. issued its Investor Financial Supplement (“IFS”) relating to its financial results for the quarter ended March 31, 2009. 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 March 31, 2009

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: April 30, 2009	By:	/s/ Beth A. Bombara
		Name:	Beth A. Bombara
		Title:	Senior Vice President and Controller

EXHIBIT INDEX

99.1 Investor Financial Supplement of The Hartford Financial Services Group, Inc. for the quarter ended March 31, 2009

EX-99.1

Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

MARCH 31, 2009

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 April 28, 2009	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
Hartford Life Insurance KK (Japan)		—		—		A		—
Hartford Life Limited (Ireland)		—		—		A		—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt	bbb+		BBB		BBB		Baa3
Commercial paper	AMB-2			F2		A-2		P-3
Junior subordinated debentures	bbb-		BBB-		BB+		Ba1
Hartford Life, Inc.:
Senior debt	bbb+		BBB		BBB		Baa3
Hartford Life Insurance Company:
Short term rating		—		—		A-1		P-2
Consumer notes		a		A-		A	Baa1

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 March 31, 2008 and 2009		C-3
Consolidating Balance Sheets As of December 31, 2008 and March 31, 2009		C-4
Capital Structure		C-5
Accumulated Other Comprehensive Loss		C-6
Computation of Basic and Diluted Earnings (Losses) Per Share		C-7
Analysis of Net Realized Capital Losses Three Months Ended March 31, 2008 and 2009 After Tax and DAC		C-8
Computation of Return-on-Equity Measures		C-9
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 March 31, 2009		L-7
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation		L-8
Retail Products Group
Income Statements
Individual Annuity		L-9
Other		L-10
Supplemental Data
Deposits		L-11
Assets Under Management		L-12
Individual Annuity — Account Value Rollforward		L-13
Other Retail — Asset Rollforward		L-14
Individual Life
Income Statements		L-15
Supplemental Data		L-16
Account Value Rollforward		L-17
Group Benefits
Income Statements		L-18
Supplemental Data		L-19
Retirement Plans
Income Statements		L-20
Supplemental Data
Deposits		L-21
Assets Under Management and Administration		L-22
Account Value and Asset Rollforward		L-23
International
Highlights		L-24
Japan
Income Statements		L-25
Supplemental Data — Account Value Rollforward in Dollars		L-26
Supplemental Data — Account Value Rollforward in Yen		L-27
Institutional Solutions Group
Income Statements		L-28
Supplemental Data
Deposits		L-29
Assets Under Management		L-30
Account Value and Asset Rollforward		L-31
PROPERTY & CASUALTY
Financial Highlights	PC-1
Operating Results	PC-2
Ongoing Operations Operating Results	PC-3
Ongoing Operations Consolidating Underwriting Results Three Months Ended March 31, 2009	PC-4
Ongoing Operations Underwriting Results	PC-5
Personal Lines Underwriting Results	PC-6
Personal Lines Written and Earned Premiums	PC-7
Small Commercial Underwriting Results	PC-8
Middle Market Underwriting Results	PC-9
Specialty Commercial Underwriting Results	PC-10
Specialty Commercial Written and Earned Premiums	PC-11
Other Operations Operating Results	PC-12
Other Operations Losses and Loss Adjustment Expenses	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 March 31, 2009	PC-15
Reinsurance Recoverable Analysis	PC-16
Consolidated Income Statements	PC-17
Consolidated Balance Sheets	PC-18
Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-19
INVESTMENTS
Investment Earnings Before-tax
Consolidated		I-1
Life		I-2
Property & Casualty		I-3
Corporate		I-4
Net Realized Capital Gains (Losses), After-tax/DAC Three Months Ended March 31, 2009 and 2008		I-5
Composition of Invested Assets
Consolidated		I-6
Life		I-7
Property & Casualty		I-8
Unrealized Loss Aging
Consolidated		I-9
Life		I-10
Property & Casualty		I-11
Invested Asset Exposures
As of March 31, 2009		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 four groups which are comprised of six reporting segments: The Retail Products Group (“Retail”) and Individual Life segments make up the Individual Markets Group. The Retirement Plans and Group Benefits segments make up the Employer Markets Group. The Institutional Solutions Group (“Institutional”) and International segments each make up their own group. Life also includes in an Other category its leveraged PPLI product line of business; corporate items not directly allocated to any of its reportable operating segments; the mark-to-market adjustment for the equity securities held for trading reported in net investment income and the related change in interest credited reported as a component of benefits, losses and loss adjustment expenses because these items are not considered by Life’s chief operating decision maker in evaluating the International results of operations; and inter-segment eliminations.

• Property & Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of Personal Lines, Small Commercial, Middle Market and Specialty Commercial segments. Other Operations includes the underwriting results of certain property and casualty insurance operations that have discontinued writing new business and substantially all of the Company’s asbestos and environmental exposures. The profitability of the Personal Lines, Small Commercial, Middle Market and Specialty Commercial segments are evaluated primarily based on underwriting results. The Company allocates income and expense items not directly attributed to the underwriting segments, such as net investment income, net realized capital gains and losses, other expenses and income taxes, to Ongoing Operations and Other Operations, respectively. The profitability of Ongoing Operations and the Other Operations segment is evaluated based on core earnings.

• Corporate primarily includes the Company’s debt financing and related interest expense, as well as other capital raising and purchase accounting adjustment activities.

• Certain operating and statistical measures have been incorporated herein to provide supplemental data that indicate current trends in The Hartford’s business. These measures include sales, deposits, net flows, account value, insurance in-force and premium retention. Premium retention is defined as renewal premium written in the current period divided by total premium written in the prior period.

• The Hartford, along with others in the property and casualty insurance industry, uses underwriting ratios as measures of performance. The loss and loss adjustment expense ratio is the ratio of losses and loss adjustment expenses to earned premiums. The expense ratio is the ratio of underwriting expenses (amortization of deferred policy acquisition costs, as well as other underwriting expenses) to earned premiums. The policyholder dividend ratio is the ratio of policyholder dividends to earned premiums. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. These ratios are relative measurements that describe the related cost of losses and expenses for every $100 of earned premiums. A combined ratio below 100 demonstrates underwriting profit; a combined ratio above 100 demonstrates underwriting losses. The catastrophe ratio (a component of the loss ratio) represents the ratio of catastrophe losses to earned premiums.

• The Hartford, along with others in the life insurance industry, uses underwriting ratios as measures of the Group Benefits segment’s performance. The loss ratio is the ratio of total benefits, losses and loss adjustment expenses, excluding buyouts, to total premiums and other considerations excluding buyout premiums. The expense ratio is the ratio of insurance operating costs and other expenses to total premiums and other considerations excluding buyout premiums.

• Accumulated other comprehensive income (“AOCI”) represents net of tax unrealized gain (loss) on available-for-sale securities; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and pension and other postretirement adjustments.

• 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.

• Annualized investment yield, before- or after-tax, is calculated by dividing before- or after-tax, respectively, annualized net investment income (excluding net realized capital gains (losses) and change in fair value of trading securities) by average invested assets at cost (fixed maturities at amortized cost, excluding trading securities).

• Certain reclassifications have been made to the prior periods to conform to the March 31, 2009 presentation. Specifically, the Company adopted SFAS 160 and reclassified the noncontrolling interest in subsidiaries from liabilities to equity.

• 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-7.

• Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s property 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-12, respectively.

• A catastrophe is a severe loss, resulting from natural or manmade events, including risks such as fire, earthquake, windstorm, explosion, terrorist attack and similar events. Each catastrophe has unique characteristics. Catastrophes are not predictable as to timing or loss amount in advance, and therefore their effects are not included in earnings or losses and loss adjustment expense reserves prior to occurrence. The Hartford believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings.

• Underwriting results before catastrophes and prior year development is a non-GAAP financial measure because it excludes the effects of catastrophes, prior year development and the reduction in earned premiums relating to retrospectively rated policies. The Company believes that this measure is useful to investors as an additional measure of Property & Casualty’s current operations, because it excludes the effect of items relating to prior periods. Net income is the most directly comparable GAAP measure. A reconciliation of the adjusted underwriting results to underwriting results and net income for the periods presented herein are set forth on page C-2a.

ii

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

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES (CONTINUED)

• Book value per share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) stockholders’ equity excluding AOCI, net of tax, by (b) common shares outstanding plus assumed conversion of preferred shares to common. The Hartford provides book value per share excluding AOCI to enable investors to analyze the amount of the Company’s net worth that is primarily attributable to the Company’s business operations. The Hartford believes book value per share excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per share is the most directly comparable GAAP measure. A reconciliation of book value per share to book value per share excluding AOCI for the periods presented herein is set forth at page C-1.

• The Hartford provides different measures of the return on equity (“ROE”) of the Company. ROE (core earnings last twelve months to equity excluding AOCI), is calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non-GAAP core earnings financial measures for the reasons set forth in the related discussion above. The Hartford excludes AOCI in the calculation of these return-on-equity measures to provide investors with a measure of how effectively the Company is investing the portion of the Company’s net worth that is primarily attributable to the Company’s business operations. ROE (net income last twelve months to equity including AOCI) is the most directly comparable GAAP measure. A reconciliation of the non-GAAP return-on-equity measures for the periods presented herein to ROE (net income last twelve months to equity including AOCI) is set forth at page C-9.

iii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
HIGHLIGHTS
Net income (loss)	$	145		$	543		$	(2,631	)	$	(806	)	$	(1,209	)	NM				(50	%)
Core earnings (losses)	$	792		$	696		$	(422	)	$	(208	)	$	(1,175	)	NM			NM
Total revenues [1]	$	1,544		$	7,503		$	(393	)	$	565		$	5,394		NM			NM
Total assets	$	344,168		$	333,840		$	311,485		$	287,583		$	276,168			(20	%)		(4	%)
Total assets under management [2]	$	424,193		$	416,269		$	384,981		$	345,451		$	330,187			(22	%)		(4	%)
PER SHARE AND SHARES DATA [3]
Basic earnings per share
Net income (loss) available to common shareholders	$	0.46		$	1.74		$	(8.74	)	$	(2.71	)	$	(3.77	)	NM				(39	%)
Core earnings (losses)	$	2.52		$	2.23		$	(1.40	)	$	(0.72	)	$	(3.66	)	NM			NM
Diluted earnings (losses) per share
Net income (loss) available to common shareholders	$	0.46		$	1.73		$	(8.74	)	$	(2.71	)	$	(3.77	)	NM				(39	%)
Core earnings (losses)	$	2.51		$	2.22		$	(1.40	)	$	(0.72	)	$	(3.66	)	NM			NM
Weighted average common shares outstanding (basic)		313.8			311.7			301.1			300.2			320.8		7.0 sh			20.6 sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		315.7			313.1			302.1			320.9			321.5		5.8 sh			0.6 sh
Common shares outstanding assuming conversion of outstanding preferred shares to common		314.5			303.1			300.4			324.8			325.4		10.9 sh			0.6 sh
Book value per share	$	56.71		$	55.51		$	41.80		$	28.53		$	24.15			(57	%)		(15	%)
Per share impact of AOCI	$	(7.08	)	$	(9.17	)	$	(13.83	)	$	(23.16	)	$	(23.98	)	NM				(4	%)
Book value per share (excluding AOCI)	$	63.79		$	64.68		$	55.63		$	51.69		$	48.13			(25	%)		(7	%)
FINANCIAL RATIOS
ROE (net income last 12 months to stockholder equity including AOCI) [4]		12.1	%		12.0	%		(8.6	%)		(19.3	%)		(31.9	%)		(44.0	)		(12.6	)
ROE (core earnings last 12 months to stockholder equity excluding AOCI) [4]		17.8	%		17.4	%		10.5	%		4.7	%		(6.2	%)		(24.0	)		(10.9	)
Debt to capitalization including AOCI		21.8	%		26.2	%		30.6	%		40.2	%		44.0	%		22.2			3.8
Annualized investment yield, after-tax		3.6	%		3.6	%		3.2	%		2.2	%		2.6	%		(1.0	)		0.4
Ongoing Property & Casualty GAAP combined ratio		87.8			95.8			101.7			77.6			89.9			(2.1	)		(12.3	)

[1]	Total revenues of The Hartford are impacted by net investment income and mark-to-market effects of equity securities held for trading supporting the international variable annuity business, which have corresponding amounts credited to policyholders within benefits losses and loss adjustment expenses. See page C-3 for the impact to total revenues along with the corresponding amounts in benefits losses and loss adjustment expenses in the three months ended March 31, 2008 and 2009.
[2]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-6).
[3]	See page C-7 for computation of basic and diluted earnings (losses) per share.
[4]	See page C-9 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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
LIFE
Retail Products Group
Individual Annuity	$	174		$	189		$	(552	)	$	(198	)	$	(924	)	NM			NM
Other Retail		13			14			13			(2	)		1			(92	%)	NM
Total Retail Products Group		187			203			(539	)		(200	)		(923	)	NM			NM
Individual Life		41			43			8			26			—			(100	%)		(100	%)
Total Individual Markets Group		228			246			(531	)		(174	)		(923	)	NM			NM
Group Benefits		70			85			100			90			66			(6	%)		(27	%)
Retirement Plans		17			33			(36	)		(3	)		(54	)	NM			NM
Total Employer Markets Group		87			118			64			87			12			(86	%)		(86	%)
International Markets Group		67			64			(75	)		(110	)		(455	)	NM			NM
Institutional Solutions Group		22			27			1			(40	)		(20	)	NM				50	%
Other		(11	)		(5	)		—			(24	)		5		NM			NM
Total Life core earnings (losses) [1][2][3]		393			450			(541	)		(261	)		(1,381	)	NM			NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results
Personal Lines		105			18			(45	)		202			75			(29	%)		(63	%)
Small Commercial		119			69			82			167			87			(27	%)		(48	%)
Middle Market		55			3			(37	)		148			69			25	%		(53	%)
Specialty Commercial		39			18			(44	)		58			23			(41	%)		(60	%)
Total Ongoing Operations underwriting results		318			108			(44	)		575			254			(20	%)		(56	%)
Net servicing income		(1	)		8			14			10			8		NM				(20	%)
Net investment income		310			334			285			127			185			(40	%)		46	%
Periodic net coupon settlements on credit derivatives, before-tax		2			1			2			(3	)		(3	)	NM				—
Other expenses		(57	)		(65	)		(58	)		(39	)		(50	)		12	%		(28	%)
Income tax expense		(172	)		(105	)		(39	)		(236	)		(97	)		44	%		59	%
Ongoing Operations core earnings		400			281			160			434			297			(26	%)		(32	%)
Other Operations core earnings (losses) [4]		26			2			(4	)		18			24			(8	%)		33	%
Total Property & Casualty core earnings		426			283			156			452			321			(25	%)		(29	%)
Total Corporate core losses [1][3]		(27	)		(37	)		(37	)		(399	)		(115	)	NM				71	%
CONSOLIDATED
Core earnings (losses)		792			696			(422	)		(208	)		(1,175	)	NM			NM
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1][5]		(647	)		(153	)		(2,209	)		(598	)		(34	)		95	%		94	%
Net income (loss)	$	145		$	543		$	(2,631	)	$	(806	)	$	(1,209	)	NM				(50	%)
PER SHARE DATA [6]
Diluted earnings (losses) per share
Core earnings (losses) available to common shareholders	$	2.51		$	2.22		$	(1.40	)	$	(0.72	)	$	(3.66	)	NM			NM
Net income (loss) available to common shareholders	$	0.46		$	1.73		$	(8.74	)	$	(2.71	)	$	(3.77	)	NM				(39	%)

[1]	Included in the three months ended September 30, 2008 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $(932), $9, and $(9), respectively, related to the effect of the unlock of deferred acquisition costs. Included in the three months ended March 31, 2009 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $(1,493), $(4), and $3, respectively, related to the effect of the unlock of deferred acquisition costs. See page L-1 for further details by Life segment.
[2]	Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 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 and additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.
[3]	As a result of the goodwill testing performed during the three months ended December 31, 2008, the Company has written off goodwill of $274 and $323, after-tax, in Life and Corporate, respectively. Goodwill testing during the three months ended March 31, 2009 resulted in a goodwill impairment of $32 in Corporate.
	[4] The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax. The three months ended September 30, 2008 included an environmental reserve increase of $34, after-tax.
[5]	Includes those net realized capital losses not included in core earnings (losses). See page C-8 for further analysis.
[6]	See page C-7 for reconciliation of net income (loss) per share to core earnings (losses) per 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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
LIFE
Retail Products Group
Individual Annuity	$	174		$	189		$	169		$	(198	)	$	65			(63	%)	NM
Other Retail		13			14			14			(2	)		1			(92	%)	NM
Total Retail Products Group		187			203			183			(200	)		66			(65	%)	NM
Individual Life		41			43			45			26			26			(37	%)		—
Total Individual Markets Group		228			246			228			(174	)		92			(60	%)	NM
Group Benefits		70			85			100			90			66			(6	%)		(27	%)
Retirement Plans		17			33			12			(3	)		—			(100	%)		100	%
Total Employer Markets Group		87			118			112			87			66			(24	%)		(24	%)
International Markets Group		67			64			50			(110	)		(31	)	NM				72	%
Institutional Solutions Group		22			27			1			(40	)		(20	)	NM				50	%
Other		(11	)		(5	)		—			(24	)		5		NM			NM
Total Life core earnings (losses) excluding DAC-unlock [2][3]		393			450			391			(261	)		112			(72	%)	NM
DAC Unlock		—			—			(932	)		—			(1,493	)
Total Life core earnings (losses) [1][2][3]		393			450			(541	)		(261	)		(1,381	)	NM			NM
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		127			116			126			130			127			—			(2	%)
Small Commercial		126			102			93			157			98			(22	%)		(38	%)
Middle Market		48			15			12			79			27			(44	%)		(66	%)
Specialty Commercial		16			7			4			11			(1	)	NM			NM
Total Ongoing Operations underwriting results before catastrophes and prior year development		317			240			235			377			251			(21	%)		(33	%)
Catastrophes, excluding prior year development [4]		(50	)		(171	)		(356	)		3			(65	)		(30	%)	NM
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		11			1			11			6			(5	)	NM			NM
Other loss and loss adjustment expenses		40			38			66			189			73			83	%		(61	%)
Total Ongoing Operations underwriting results		318			108			(44	)		575			254			(20	%)		(56	%)
Net servicing income (loss)		(1	)		8			14			10			8		NM				(20	%)
Net investment income		310			334			285			127			185			(40	%)		46	%
Periodic net coupon settlements on credit derivatives, before-tax		2			1			2			(3	)		(3	)	NM				—
Other expenses		(57	)		(65	)		(58	)		(39	)		(50	)		12	%		(28	%)
Income tax expense		(172	)		(105	)		(39	)		(236	)		(97	)		44	%		59	%
Ongoing Operations core earnings		400			281			160			434			297			(26	%)		(32	%)
Other Operations core earnings (losses) [5]		26			2			(4	)		18			24			(8	%)		33	%
Total Property & Casualty core earnings		426			283			156			452			321			(25	%)		(29	%)
CORPORATE
Total Corporate core losses [1][3]		(27	)		(37	)		(37	)		(399	)		(115	)	NM				71	%
CONSOLIDATED
Core earnings (losses)		792			696			(422	)		(208	)		(1,175	)	NM			NM
Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1][6]		(647	)		(153	)		(2,209	)		(598	)		(34	)		95	%		94	%
Net income (loss)	$	145		$	543		$	(2,631	)	$	(806	)	$	(1,209	)	NM				(50	%)

[1]	Included in the three months ended September 30, 2008 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $(932), $9, and $(9), respectively, related to the effect of the unlock of deferred acquisition costs. Included in the three months ended March 31, 2009 in Life core earnings (losses), Corporate core losses and net realized losses, after-tax, is $(1,493), $(4), and $3, respectively, related to the effect of the unlock of deferred acquisition costs. See page L-1 for further details by Life segment.
[2]	Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 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 and additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.
[3]	As a result of the goodwill testing performed during the three months ended December 31, 2008, The Company has written off goodwill of $274 and $323, after-tax, in Life and Corporate, respectively. Goodwill testing during the three months ended March 31, 2009 resulted in a goodwill impairment of $32 in Corporate.
[4]	The year ended December 31, 2008 included catastrophe treaty reinstatement premium, catastrophe losses, and assessments from the Texas Windstorm Insurance Association, totaling $258, including $277 for the three months ended September 30, 2008, primarily related to hurricane Ike.
[5]	The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax. The three months ended September 30, 2008 included an environmental reserve increase of $34, after-tax.
[6]	Includes those net realized capital losses not included in core earnings (losses). See page C-8 for further analysis.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED MARCH 31, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Earned premiums	$	1,229		$	1,318			7	%	$	2,614		$	2,511			(4	%)	$	—		$	—			—		$	3,843		$	3,829			—
Fee income		1,332			1,164			(13	%)		—			—			—			5			3			(40	%)		1,337			1,167			(13	%)
Net investment income (loss)
Securities available-for-sale and other		819			689			(16	%)		365			225			(38	%)		9			6			(33	%)		1,193			920			(23	%)
Equity securities held for trading [1]		(3,578	)		(724	)		80	%		—			—			—			—			—			—			(3,578	)		(724	)		80	%
Total net investment income (loss)		(2,759	)		(35	)		99	%		365			225			(38	%)		9			6			(33	%)		(2,385	)		196		NM
Other revenues		—			—			—			120			118			(2	%)		—			—			—			120			118			(2	%)
Net realized capital gains (losses)		(1,220	)		365		NM				(152	)		(323	)		(113	%)		1			42		NM				(1,371	)		84		NM
Total revenues		(1,418	)		2,812		NM				2,947			2,531			(14	%)		15			51		NM				1,544			5,394		NM
Benefits, losses and loss adjustment expenses		1,718			3,059			78	%		1,639			1,578			(4	%)		—			—			—			3,357			4,637			38	%
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		(3,578	)		(724	)		80	%		—			—			—			—			—			—			(3,578	)		(724	)		80	%
Amortization of deferred policy acquisition costs and present value of future profits		(55	)		1,736		NM				523			523			—			—			—			—			468			2,259		NM
Insurance operating costs and expenses		797			737			(8	%)		153			161			5	%		—			—			—			950			898			(5	%)
Interest expense		1			—			(100	%)		—			—			—			66			120			82	%		67			120			79	%
Goodwill impairment		—			—			—			—			—			—			—			32		NM				—			32		NM
Other expenses [2]		19			15			(21	%)		180			159			(12	%)		(10	)		15		NM				189			189			—
Total benefits and expenses		(1,098	)		4,823		NM				2,495			2,421			(3	%)		56			167			198	%		1,453			7,411		NM
Income (loss) before income taxes		(320	)		(2,011	)	NM				452			110			(76	%)		(41	)		(116	)		(183	%)		91			(2,017	)	NM
Income tax expense (benefit)		(165	)		(753	)	NM				126			(2	)	NM				(15	)		(53	)	NM				(54	)		(808	)	NM
Net income (loss)		(155	)		(1,258	)	NM				326			112			(66	%)		(26	)		(63	)		(142	%)		145			(1,209	)	NM
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)		(548	)		123		NM				(100	)		(209	)		(109	%)		1			52		NM				(647	)		(34	)		95	%
Core earnings (losses)	$	393		$	(1,381	)	NM			$	426		$	321			(25	%)	$	(27	)	$	(115	)	NM			$	792		$	(1,175	)	NM

[1]	Includes investment income and mark-to-market effects of equity securities held for trading supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The three months ended March 31, 2008 included $9, $10, and $(19) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2008 AND MARCH 31, 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Mar. 31,						Dec. 31,			Mar. 31,						Dec. 31,			Mar. 31,						Dec. 31,			Mar. 31,
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	45,182		$	42,428			(6	%)	$	19,775		$	20,040			1	%	$	155		$	95			(39	%)	$	65,112		$	62,563			(4	%)
Equity securities, trading, at fair value		30,820			27,813			(10	%)		—			—			—			—			—			—			30,820			27,813			(10	%)
Equity securities, available-for-sale, at fair value		711			525			(26	%)		674			482			(28	%)		73			73			—			1,458			1,080			(26	%)
Policy loans, at outstanding balance		2,208			2,197			—			—			—			—			—			—			—			2,208			2,197			—
Mortgage loans on real estate		5,684			5,633			(1	%)		785			756			(4	%)		—			—			—			6,469			6,389			(1	%)
Limited partnerships and other alternative investments		1,129			955			(15	%)		1,166			1,026			(12	%)		—			—			—			2,295			1,981			(14	%)
Other investments		1,473			2,909			97	%		207			173			(16	%)		43			39			(9	%)		1,723			3,121			81	%
Short-term investments		6,937			8,580			24	%		1,597			1,266			(21	%)		1,488			1,343			(10	%)		10,022			11,189			12	%
Total investments		94,144			91,040			(3	%)		24,204			23,743			(2	%)		1,759			1,550			(12	%)		120,107			116,333			(3	%)
Cash		1,648			1,604			(3	%)		162			247			52	%		1			—			(100	%)		1,811			1,851			2	%
Premiums receivable and agents’ balances		407			407			—			3,197			3,161			(1	%)		—			—			—			3,604			3,568			(1	%)
Reinsurance recoverables		2,918			3,177			9	%		3,439			3,337			(3	%)		—			—			—			6,357			6,514			2	%
Deferred policy acquisition costs and present value of future profits		11,988			10,828			(10	%)		1,260			1,249			(1	%)		—			—			—			13,248			12,077			(9	%)
Deferred income taxes		2,183			3,201			47	%		2,435			2,495			2	%		621			604			(3	%)		5,239			6,300			20	%
Goodwill		462			470			2	%		149			149			—			449			417			(7	%)		1,060			1,036			(2	%)
Property and equipment, net		400			394			(2	%)		675			668			(1	%)		—			—			—			1,075			1,062			(1	%)
Other assets		3,557			1,116			(69	%)		1,159			1,454			25	%		182			119			(35	%)		4,898			2,689			(45	%)
Separate account assets		130,184			124,738			(4	%)		—			—			—			—			—			—			130,184			124,738			(4	%)
Total assets	$	247,891		$	236,975			(4	%)	$	36,680		$	36,503			—		$	3,012		$	2,690			(11	%)	$	287,583		$	276,168			(4	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	16,747		$	18,562			11	%	$	21,933		$	21,804			(1	%)	$	—		$	—			—		$	38,680		$	40,366			4	%
Other policyholder funds and benefits payable		53,753			52,952			(1	%)		—			—			—			—			—			—			53,753			52,952			(1	%)
Other policyholder funds and benefits payable - International variable annuities		30,799			27,793			(10	%)		—			—			—			—			—			—			30,799			27,793			(10	%)
Unearned premiums		138			138			—			5,244			5,231			—			(3	)		(3	)		—			5,379			5,366			—
Debt		92			66			(28	%)		—			—			—			6,129			6,110			—			6,221			6,176			(1	%)
Consumer notes		1,210			1,202			(1	%)		—			—			—			—			—			—			1,210			1,202			(1	%)
Other liabilities		7,297			5,561			(24	%)		2,914			2,573			(12	%)		1,786			1,554			(13	%)		11,997			9,688			(19	%)
Separate account liabilities		130,184			124,738			(4	%)		—			—			—			—			—			—			130,184			124,738			(4	%)
Total liabilities		240,220			231,012			(4	%)		30,091			29,608			(2	%)		7,912			7,661			(3	%)		278,223			268,281			(4	%)
Equity excluding AOCI, net of tax		12,095			10,839			(10	%)		8,675			8,887			2	%		(3,982	)		(4,065	)		(2	%)		16,788			15,661			(7	%)
AOCI, net of tax		(4,516	)		(4,904	)		(9	%)		(2,086	)		(1,991	)		5	%		(918	)		(906	)		1	%		(7,520	)		(7,801	)		(4	%)
Total stockholders’ equity		7,579			5,935			(22	%)		6,589			6,896			5	%		(4,900	)		(4,971	)		(1	%)		9,268			7,860			(15	%)
Noncontrolling Interest		92			28			(70	%)		—			(1	)	NM				—			—			—			92			27			(71	%)
Total equity		7,671			5,963			(22	%)		6,589			6,895			5	%		(4,900	)		(4,971	)		(1	%)		9,360			7,887			(16	%)
Total liabilities and equity	$	247,891		$	236,975			(4	%)	$	36,680		$	36,503			—		$	3,012		$	2,690			(11	%)	$	287,583		$	276,168			(4	%)

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	1,364		$	1,353		$	927		$	398		$	419			(69	%)		5	%
Capital lease obligations		67			67			68			68			—			(100	%)		(100	%)
Senior notes		3,551			4,051			4,052			4,052			4,052			14	%		—
Junior subordinated debentures		—			500			500			1,703			1,705		NM				—
Total debt [1]	$	4,982		$	5,971		$	5,547		$	6,221		$	6,176			24	%		(1	%)
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	20,061		$	19,604		$	16,712		$	16,788		$	15,661			(22	%)		(7	%)
AOCI, net of tax		(2,225	)		(2,780	)		(4,155	)		(7,520	)		(7,801	)	NM				(4	%)
Total stockholders’ equity	$	17,836		$	16,824		$	12,557		$	9,268		$	7,860			(56	%)		(15	%)
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	22,818		$	22,795		$	18,104		$	15,489		$	14,036			(38	%)		(9	%)
Total capitalization excluding AOCI, net of tax	$	25,043		$	25,575		$	22,259		$	23,009		$	21,837			(13	%)		(5	%)
DEBT TO CAPITALIZATION RATIOS [1]
Ratio Including AOCI
Total debt to capitalization		21.8	%		26.2	%		30.6	%		40.2	%		44.0	%		22.2			3.8
Ratios Excluding AOCI
Total debt to capitalization		19.9	%		23.3	%		24.9	%		27.0	%		28.3	%		8.4			1.3
Total adjusted debt to capitalization [2] [3] [4] [5]		23.1	%		25.0	%		27.0	%		27.7	%		28.8	%		5.7			1.1

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $971, $1,113, $1,225, $1,210, and $1,202 as of March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, and March 31, 2009, 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 $0.9 billion, $0.9 billion, $1.0 billion, $1.5 billion, and $1.4 billion for the three months ended March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, and March 31, 2009, respectively.
[3]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the junior subordinated debentures.
[4]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the warrants.
[5]	Reflects a rating agency assignment to adjust equity for pension related amounts that are included in AOCI.

C-5

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

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of March 31, 2009
Fixed maturities net unrealized loss	$	(5,274	)	$	(2,090	)	$	(1	)	$	(7,365	)
Equities net unrealized gain (loss)		(209	)		58			(3	)		(154	)
Net deferred gain on cash-flow hedging instruments		565			29			2			596
Total net unrealized loss		(4,918	)		(2,003	)		(2	)		(6,923	)
Foreign currency translation adjustments		14			(1	)		—			13
Pension and other postretirement adjustment		—			13			(904	)		(891	)
Total accumulated other comprehensive loss	$	(4,904	)	$	(1,991	)	$	(906	)	$	(7,801	)
As of December 31, 2008
Fixed maturities net unrealized loss	$	(5,196	)	$	(2,221	)	$	(2	)	$	(7,419	)
Equities net unrealized gain (loss)		(148	)		85			(4	)		(67	)
Net deferred gain on cash-flow hedging instruments		611			31			2			644
Total net unrealized loss		(4,733	)		(2,105	)		(4	)		(6,842	)
Foreign currency translation adjustments		217			5			—			222
Pension and other postretirement adjustment		—			14			(914	)		(900	)
Total accumulated other comprehensive loss	$	(4,516	)	$	(2,086	)	$	(918	)	$	(7,520	)

C-6

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

	THREE MONTHS ENDED
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,
	2008			2008			2008			2008			2009
Numerator:
Net income (loss)	$	145		$	543		$	(2,631	)	$	(806	)	$	(1,209	)
Less: preferred dividends		—			—			—			8			—
Net income (loss) available to common shareholders		145			543			(2,631	)		(814	)		(1,209	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(647	)		(153	)		(2,209	)		(598	)		(34	)
Core earnings (losses) available to common shareholders		792			696			(422	)		(216	)		(1,175	)
Denominator:
Weighted average common shares outstanding (basic)		313.8			311.7			301.1			300.2			320.8
Add: Weighted average common shares assuming conversion of outstanding preferred shares to common		—			—			—			20.1			—
Weighted average common assuming conversion of outstanding preferred shares to common (Core basic)		313.8			311.7			301.1			320.3			320.8
Dilutive effect of stock compensation		1.9			1.4			1.0			0.6			0.7
Dilutive effect of warrants [1]		—			—			—			—			—
Weighted average common shares outstanding and dilutive potential common shares (diluted)		315.7			313.1			302.1			320.9			321.5
Basic earnings (losses) per share
Net income (loss) available to common shareholders	$	0.46		$	1.74		$	(8.74	)	$	(2.71	)	$	(3.77	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(2.06	)		(0.49	)		(7.34	)		(1.99	)		(0.11	)
Core earnings (losses) available to common shareholders [2]		2.52			2.23			(1.40	)		(0.72	)		(3.66	)
Diluted earnings (losses) per share [3]
Net income (loss) available to common shareholders	$	0.46		$	1.73		$	(8.74	)	$	(2.71	)	$	(3.77	)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses)		(2.05	)		(0.49	)		(7.34	)		(1.99	)		(0.11	)
Core earnings (losses) available to common shareholders		2.51			2.22			(1.40	)		(0.72	)		(3.66	)

[1]	The Hartford issued 69.1 million warrants to purchase The Hartford Common Stock to Allianz on October 17, 2008 at a strike price of $25.32. There is no dilutive effect as the warrants were not in-the-money for the period.
[2]	Due to the core loss for the quarter ended December 31, 2008, weighted average common shares outstanding of 300.2 are used in the calculation of Core-Basic loss per share, since the preferred shareholders do not have a contractual oblgation to fund the net losses of the Company.
[3]	As a result of anti-dilutive impact, in periods of a loss, weighted average common shares are used in the calculation of diluted earnings per share.

C-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS (LOSSES) AFTER TAX AND DAC
THREE MONTHS ENDED MARCH 31, 2008 AND 2009

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Net Realized Capital Gains (Losses), After Tax and DAC
Gains/losses on sales, net	$	(44	)	$	(129	)		(193	%)	$	(31	)	$	(169	)	NM			$	(1	)	$	—			100	%	$	(76	)	$	(298	)	NM
Impairments		(144	)		(115	)		20	%		(47	)		(24	)		49	%		—			(2	)	NM				(191	)		(141	)		26	%
Japanese fixed annuity contract hedges, net [1]		(9	)		27		NM				—			—			—			—			—			—			(9	)		27		NM
SFAS 157 transition impact [3]		(220	)		—			100	%		—			—						—			—			—			(220	)		—			100	%
Results of variable annuity hedge program GMWB derivatives, net [2]		(41	)		234		NM				—			—			—			—			—			—			(41	)		234		NM
Macro hedge		11			105		NM				—			—			—			—			—			—			11			105		NM
Total results of variable annuity hedge program		(30	)		339		NM				—			—			—			—			—			—			(30	)		339		NM
Other net gain (loss) [4]		(103	)		(9	)		91	%		(21	)		(18	)		14	%		2			54		NM				(122	)		27		NM
Total net realized capital gains (losses), after tax and DAC		(550	)		113		NM				(99	)		(211	)		(113	%)		1			52		NM				(648	)		(46	)		93	%
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)	$	(550	)	$	113		NM			$	(99	)	$	(211	)		(113	%)	$	1		$	52		NM			$	(648	)	$	(46	)		93	%
Less: total net realized capital losses included in core earnings (losses)		2			(10	)	NM				(1	)		(2	)		(100	%)		—			—			—			1			(12	)	NM
Total net realized capital gains (losses), after tax and DAC, excluded from core earnings (losses)	$	(548	)	$	123		NM			$	(100	)	$	(209	)		(109	%)	$	1		$	52		NM			$	(647	)	$	(34	)		95	%

[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 $8 and $4 would have been recognized as an adjustment to this amount in the three months ended March 31, 2008 and 2009, respectively.
[2]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[3]	Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK, and GMAB liabilities, respectively.
[4]	Primarily consists of changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business which is offset in AOCI, valuation allowances for impaired mortgage loans and other investment gains and losses.

C-8

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

	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,
	2008			2008			2008			2008			2009
Numerator [1]:
Net income (loss) — last 12 months	$	2,218		$	2,134		$	(1,348	)	$	(2,749	)	$	(4,103	)
Core earning (losses) — last 12 months	$	3,456		$	3,388		$	1,906		$	858		$	(1,109	)
Denominator [2]:
Average stockholder equity, including AOCI		18,344.0			17,736.0			15,753.5			14,236.0			12,848.0
Less: Average AOCI		(1,024.0	)		(1,690.5	)		(2,410.5	)		(4,189.0	)		(5,013.0	)
Average stockholder equity, excluding AOCI		19,368.0			19,426.5			18,164.0			18,425.0			17,861.0
ROE (net income (loss) last 12 months to stockholder equity including AOCI)		12.1	%		12.0	%		(8.6	%)		(19.3	%)		(31.9	%)
ROE (core earnings (losses) last 12 months to stockholder equity excluding AOCI)		17.8	%		17.4	%		10.5	%		4.7	%		(6.2	%)

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

C-9

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
REVENUES
Retail Products Group
Individual Annuity [1]	$	722		$	721		$	714		$	548		$	581			(20	%)		6	%
Other Retail		213			222			205			154			138			(35	%)		(10	%)
Total Retail Products Group		935			943			919			702			719			(23	%)		2	%
Individual Life [1]		291			310			288			275			352			21	%		28	%
Total Individual Markets Group		1,226			1,253			1,207			977			1,071			(13	%)		10	%
Group Benefits		1,180			1,213			1,219			1,197			1,228			4	%		3	%
Retirement Plans		157			188			182			149			148			(6	%)		(1	%)
Total Employer Markets Group		1,337			1,401			1,401			1,346			1,376			3	%		2	%
International Markets Group [1]		258			264			249			267			219			(15	%)		(18	%)
Institutional Solutions Group		523			559			522			441			440			(16	%)		—
Other		40			38			39			(24	)		37			(8	%)	NM
Core revenues before net investment income (loss) on equity securities held for trading		3,384			3,515			3,418			3,007			3,143			(7	%)		5	%
Net investment income (loss) on equity securities held for trading [2]		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Total core revenues	$	(194	)	$	4,668		$	3		$	(1,493	)	$	2,419		NM			NM
Net realized gains (losses), before tax and DAC, excluded from core revenues[1]		(1,224	)		(228	)		(2,007	)		(675	)		393		NM			NM
Total revenues	$	(1,418	)	$	4,440		$	(2,004	)	$	(2,168	)	$	2,812		NM			NM
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [3] [4]	$	174		$	189		$	(552	)	$	(198	)	$	(924	)	NM			NM
Other Retail [3]		13			14			13			(2	)		1			(92	%)	NM
Total Retail Products Group		187			203			(539	)		(200	)		(923	)	NM			NM
Individual Life [3]		41			43			8			26			—			(100	%)		(100	%)
Total Individual Markets Group		228			246			(531	)		(174	)		(923	)	NM			NM
Group Benefits		70			85			100			90			66			(6	%)		(27	%)
Retirement Plans [3]		17			33			(36	)		(3	)		(54	)	NM			NM
Total Employer Markets Group		87			118			64			87			12			(86	%)		(86	%)
International Markets Group [3] [5] [6]		67			64			(75	)		(110	)		(455	)	NM			NM
Institutional Solutions Group [3]		22			27			1			(40	)		(20	)	NM				50	%
Other		(11	)		(5	)		—			(24	)		5		NM			NM
Core earnings		393			450			(541	)		(261	)		(1,381	)	NM			NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings [3]		(548	)		(116	)		(1,274	)		(546	)		123		NM			NM
Net income (loss)	$	(155	)	$	334		$	(1,815	)	$	(807	)	$	(1,258	)	NM				(56	%)
Stockholders’ ROE (core earnings last 12 months to equity excluding AOCI) [7]		21.8	%		20.6	%		7.5	%		(0.6	%)		(21.2	%)		(43.0	)		(20.6	)
Assets under management	$	370,290		$	362,509		$	333,305		$	298,017		$	283,442			(23	%)		(5	%)
DAC capitalization	$	428		$	413		$	397		$	310		$	222						(28	%)
DAC amortization	$	(55	)	$	285		$	1,404		$	542		$	1,738					NM
DAC and PVFP assets	$	11,586		$	11,706		$	11,012		$	11,988		$	10,828						(10	%)
United States Statutory surplus ($ in billions) [8]	$	5.7		$	5.4		$	4.7		$	6.0		$	5.6

[1]	Includes benefits (charges) of $19, ($17) and ($5), after tax, recorded in the three months ended September 30, 2008 for the unlock of unearned revenue reserves and reinsurance premiums in Individual Annuity, Individual Life and International, respectively. The 2008 after-tax unlock benefit recorded in the three months ended September 30, 2008, in net realized gains (losses) excluded from core earnings, was $8 Includes benefits (charges) of $47, $41 and $(1), after tax, recorded in the three months ended March 31, 2009 for the unlock of unearned revenue reserves and reinsurance premiums in Individual Annuity, Individual Life and International, respectively. The 2009 after-tax unlock benefit recorded in the three months ended March 31, 2009, in net realized gains (losses) excluded from core earnings, was $8.
[2]	These revenues will fluctuate principally due to the investment income and the mark-to-market adjustment of the trading investment portfolio supporting the variable annuity business in the international operations, principally in Japan. An equal and offsetting amount is recorded in benefits, losses and loss adjustment expenses, and as such has no impact on core earnings or net income.
[3]	Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees recorded in the three months ended September 30, 2008. The 2008 after-tax (charges) recorded in Individual Annuity, Retail Other, Retirement Plans, Individual Life and International Markets Group were ($721), ($1), ($48), ($37) and ($125), respectively. The 2008 after-tax unlock (charge) recorded in net realized gains (losses) excluded from core earnings was ($9). Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees recorded in the three months ended March 31, 2009. The 2009 after-tax (charges) recorded in Individual Annuity, Retirement Plans, Individual Life and International Markets Group were $(989), $(54), $(26) and $(424), respectively. The 2009 after-tax unlock benefit recorded in net realized gains (losses) excluded from core earnings was $3.
[4]	As a result of the goodwill testing performed during the three months ended, December 31, 2008, Individual Annuity wrote-off goodwill of $274, after-tax.
[5]	Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 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.
[6]	Included an additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.
[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 March 31, 2009.

L - 1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
REVENUES
Retail Products Group
Individual Annuity	$	722		$	721		$	685		$	548		$	509			(30	%)		(7	%)
Other Retail		213			222			205			154			138			(35	%)		(10	%)
Total Retail Products Group		935			943			890			702			647			(31	%)		(8	%)
Individual Life		291			310			314			275			289			(1	%)		5	%
Total Individual Markets Group		1,226			1,253			1,204			977			936			(24	%)		(4	%)
Group Benefits	$	1,180		$	1,213		$	1,219		$	1,197		$	1,228			4	%		3	%
Retirement Plans		157			188			182			149			148			(6	%)		(1	%)
Total Employer Markets Group		1,337			1,401			1,401			1,346			1,376			3	%		2	%
International Markets Group		258			264			256			267			220			(15	%)		(18	%)
Institutional Solutions Group		523			559			522			441			440			(16	%)		—
Other		40			38			39			(24	)		37			(8	%)	NM
Core revenues before net investment income (loss) on equity securities held for trading		3,384			3,515			3,422			3,007			3,009			(11	%)		—
Net investment income (loss) and other on equity securities held for trading		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Total core revenues	$	(194	)	$	4,668		$	7		$	(1,493	)		2,285		NM			NM
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(1,224	)		(228	)		(2,019	)		(675	)		377		NM			NM
Total revenues	$	(1,418	)	$	4,440		$	(2,012	)	$	(2,168	)	$	2,662		NM			NM
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity	$	174		$	189		$	169		$	(198	)	$	65			(63	%)	NM
Other Retail		13			14			14			(2	)		1			(92	%)	NM
Total Retail Products Group		187			203			183			(200	)		66			(65	%)	NM
Individual Life		41			43			45			26			26			(37	%)		—
Total Individual Markets Group		228			246			228			(174	)		92			(60	%)	NM
Group Benefits	$	70		$	85		$	100		$	90		$	66			(6	%)		(27	%)
Retirement Plans		17			33			12			(3	)		—			(100	%)		100	%
Total Employer Markets Group		87			118			112			87			66			(24	%)		(24	%)
International Markets Group		67			64			50			(110	)		(31	)	NM				72	%
Institutional Solutions Group		22			27			1			(40	)		(20	)	NM				50	%
Other		(11	)		(5	)		—			(24	)		5		NM			NM
Core earnings		393			450			391			(261	)		112			(72	%)	NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(548	)		(116	)		(1,265	)		(546	)		120		NM			NM
Net income (loss)	$	(155	)	$	334		$	(874	)	$	(807	)	$	232		NM			NM

[1] This page represents financial results as reported on page L-1 excluding the impacts of the unlock recorded in the three months ended September 30, 2008 and March 31, 2009.

L - 1a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
REVENUES
Earned premiums [3]	$	1,229		$	1,305		$	1,335		$	1,296		$	1,318			7	%		2	%
Fee income [3]		1,339			1,390			1,332			1,081			1,148			(14	%)		6	%
Net investment income (loss)
Securities available-for-sale and other		819			829			759			638			689			(16	%)		8	%
Equity securities held for trading [1]		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Total net investment income (loss)		(2,759	)		1,982			(2,656	)		(3,862	)		(35	)		99	%		99	%
Net realized capital losses — core		(3	)		(9	)		(8	)		(8	)		(12	)	NM				(50	%)
Total core revenues		(194	)		4,668			3			(1,493	)		2,419		NM			NM
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(1,224	)		(228	)		(2,007	)		(675	)		393		NM			NM
Total revenues		(1,418	)		4,440			(2,004	)		(2,168	)		2,812		NM			NM
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses [3]		1,729			1,771			2,095			1,829			3,033			75	%		66	%
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Amortization of deferred policy acquisition costs and present value of future profits [3]		317			321			1,408			424			1,554		NM			NM
Goodwill impairment [2]		—			—			—			422			—			—			(100	%)
Insurance operating costs and other expenses		817			863			838			782			755			(8	%)		(3	%)
Total benefits and expenses		(715	)		4,108			926			(1,043	)		4,618		NM			NM
CORE EARNINGS
Core earnings before income taxes		521			560			(923	)		(450	)		(2,199	)	NM			NM
Income tax expense (benefit) [3]		128			110			(382	)		(189	)		(818	)	NM			NM
Core earnings		393			450			(541	)		(261	)		(1,381	)	NM			NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3]		(548	)		(116	)		(1,274	)		(546	)		123		NM			NM
Net income (loss)		(155	)		334			(1,815	)		(807	)		(1,258	)	NM				(56	%)

[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]	As a result of the goodwill testing performed during the three months ended December 31, 2008, the Company wrote-off goodwill of $274, after-tax.
[3]	The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $932 and $941, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $1,493 and $1,490, respectively. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009
Fee Income	$	(9	)	$	128
Earned Premiums	$	5		$	6
Benefits, losses and loss adjustment expense	$	325		$	1,099
Amortization of deferred policy acquisition costs	$	1,106		$	1,330
Income tax expense (benefit)	$	(503	)	$	(802	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings	$	(9	)	$	3

L - 2

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

											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
TOTAL ASSETS UNDER MANAGEMENT	2008		2008		2008		2008		2009		Change			Change
Assets
General account	$	118,697	$	118,455	$	114,838	$	117,707	$	112,237		(5	%)		(5	%)
Separate account		181,273		170,841		154,029		130,184		124,738		(31	%)		(4	%)
Total assets		299,970		289,296		268,867		247,891		236,975		(21	%)		(4	%)
Mutual fund assets		70,320		73,213		64,438		50,126		46,467		(34	%)		(7	%)
Total assets under management	$	370,290	$	362,509	$	333,305	$	298,017	$	283,442		(23	%)		(5	%)

L - 3

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

																Year Over
																Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	50,615		$	49,683		$	46,292		$	45,182		$	42,428			(16	%)		(6	%)
Equity securities, trading, at fair value		37,406			36,853			33,655			30,820			27,813			(26	%)		(10	%)
Equity securities, available-for-sale, at fair value		1,202			1,194			908			711			525			(56	%)		(26	%)
Policy loans, at outstanding balance		2,118			2,146			2,159			2,208			2,197			4	%		—
Mortgage loans on real estate		4,821			5,135			5,460			5,684			5,633			17	%		(1	%)
Limited partnerships and other alternative investments		1,329			1,407			1,410			1,129			955			(28	%)		(15	%)
Other investments		1,086			894			1,308			1,473			2,909			168	%		97	%
Short term Investments		1,807			2,756			3,793			6,937			8,580		NM				24	%
Total investments		100,384			100,068			94,985			94,144			91,040			(9	%)		(3	%)
Cash		2,016			1,842			1,683			1,648			1,604			(20	%)		(3	%)
Premiums receivable and agents’ balances		395			392			390			407			407			3	%		—
Reinsurance recoverables		1,599			1,535			2,103			2,918			3,177			99	%		9	%
Deferred policy acquisition costs and present value of future profits		11,586			11,706			11,012			11,988			10,828			(7	%)		(10	%)
Deferred income taxes		(373	)		(135	)		1,324			2,183			3,201		NM				47	%
Goodwill		867			867			880			462			470			(46	%)		2	%
Property and equipment, net		393			383			380			400			394			—			(2	%)
Other assets		1,830			1,797			2,081			3,557			1,116			(39	%)		(69	%)
Separate account assets		181,273			170,841			154,029			130,184			124,738			(31	%)		(4	%)
Total assets	$	299,970		$	289,296		$	268,867		$	247,891		$	236,975			(21	%)		(4	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	15,544		$	15,772		$	16,602		$	16,747		$	18,562			19	%		11	%
Other policyholder funds and benefits payable		46,460			46,563			47,208			53,753			52,952			14	%		(1	%)
Other policyholder funds payable — International variable annuities		37,376			36,822			33,629			30,799			27,793			(26	%)		(10	%)
Unearned premiums		167			161			163			138			138			(17	%)		—
Consumer Notes		971			1,113			1,225			1,210			1,202			24	%		(1	%)
Debt		91			91			92			92			66			(27	%)		(28	%)
Other liabilities		8,197			7,585			7,691			7,297			5,561			(32	%)		(24	%)
Separate account liabilities		181,273			170,841			154,029			130,184			124,738			(31	%)		(4	%)
Total liabilities		290,079			278,948			260,639			240,220			231,012			(20	%)		(4	%)
Equity excluding AOCI, net of tax		11,059			11,888			10,752			12,095			10,839			(2	%)		(10	%)
AOCI, net of tax		(1,257	)		(1,667	)		(2,649	)		(4,516	)		(4,904	)	NM				(9	%)
Total stockholders’ equity		9,802			10,221			8,103			7,579			5,935			(39	%)		(22	%)
Noncontrolling Interest		89			127			125			92			28			(69	%)		(70	%)
Total equity		9,891			10,348			8,228			7,671			5,963			(40	%)		(22	%)
Total liabilities and equity	$	299,970		$	289,296		$	268,867		$	247,891		$	236,975			(21	%)		(4	%)
Hartford Life and Accident Insurance Company NAIC RBC											462	%
Hartford Life Insurance Company NAIC RBC											454	%
Hartford Life and Annuity Insurance Company NAIC RBC											1221	%

L - 4

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

																			Institutional
	Individual			Other			Individual			Group			Retirement						Solutions
	Annuity			Retail			Life			Benefits			Plans			International			Group			Total
YEAR-TO-DATE
Balance, December 31, 2008	$	5,693		$	108		$	3,027		$	81		$	877		$	2,046		$	156		$	11,988
Adjustments to unrealized gains and losses on securities available — for — sale and other		(1,277	)		(42	)		(430	)		—			(209	)		46			(1	)		(1,913	)
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		4,416			66			2,597			81			668			2,092			155			10,075
Capitalization		65			9			64			17			31			32			4			222
Amortization — Deferred Policy Acquisition Costs		(88	)		(14	)		(34	)		(14	)		(5	)		(56	)		(5	)		(216	)
Amortization — Present Value of Future Profits		(1	)		—			(6	)		—			(1	)		—			—			(8	)
Amortization — Realized Capital Gains / Losses		(174	)		—			4			—			7			(5	)		—			(168	)
Amortization — Unlock — Core		(1,011	)		—			(103	)		—			(78	)		(138	)		—			(1,330	)
Amortization — Unlock — Non-core		(13	)		—			—			—			(4	)		3			—			(14	)
Effect of Currency Translation Adjustment		—			—			—			—			—			(159	)		—			(159	)
Balance, March 31, 2009		3,194			61			2,522			84			618			1,769			154			8,402
Adjustments to unrealized gains and losses on securities available — for — sale and other		1,683			—			369			(1	)		359			15			1			2,426
Balance, March 31, 2009 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	4,877		$	61		$	2,891		$	83		$	977		$	1,784		$	155		$	10,828

																	Institutional
	Individual			Other		Individual			Group		Retirement						Solutions					HFSG			Total
Effect of Unlock [2] — March 31, 2009	Annuity			Retail		Life			Benefits		Plans			International			Group		Total Life			Corporate [1]			Company
Mutual Fund and Other Fees (Unearned Revenue)	$	66		$	—	$	63		$	—	$	—		$	(1	)	$	—	$	128		$	—		$	128
Reinsurance Premiums		6			—		—			—		—			—			—		6			—			6
Death Benefits		511			—		—			—		3			511			—		1,025			—			1,025
Change in Reserves		—			—		—			—		—			—			—		—			—			—
Sales Inducements		71			—		—			—		2			1			—		74			—			74
Amortization of DAC		1,011			—		103			—		78			138			—		1,330			—			1,330
Other Expenses		—			—		—			—		—			—			—		—			6			6
Effect of Unlock on Earnings before income taxes		(1,521	)		—		(40	)		—		(83	)		(651	)		—		(2,295	)		(6	)		(2,301	)
Income tax (benefit) expense		(532	)		—		(14	)		—		(29	)		(227	)		—		(802	)		(2	)		(804	)
Effect of Unlock on Core Earnings		(989	)		—		(26	)		—		(54	)		(424	)		—		(1,493	)		(4	)		(1,497	)
Net realized gains (losses), net of tax, excluded from core earnings		4			—		(0	)		—		(3	)		2			—		3			—			3
Effect of Unlock on Net Income	$	(985	)	$	—	$	(26	)	$	—	$	(57	)	$	(422	)	$	—	$	(1,490	)	$	(4	)	$	(1,494	)

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

L - 5

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

	As of March 31, 2009
BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP			NET AMT AT		% of NAR
ANNUITY ACCOUNT VALUE BY BENEFIT TYPE	ACCOUNT VALUE		RISK		REINSURED			RETAINED NAR
Maximum anniversary value (MAV) [1]
MAV only	$	23,212	$	15,815		66	%	$	5,452
with 5% rollup [2]		1,689		1,238		58	%		519
with Earnings Protection Benefit Rider (EPB) [3]		4,698		2,707		90	%		277
with 5% rollup & EPB		676		437		81	%		85
Total MAV		30,275		20,197		69	%		6,333
Asset Protection Benefit (APB) [4]		23,290		9,335		33	%		6,212
Lifetime Income Benefit (LIB) — Death Benefit [5]		1,038		550		—	%		550
Reset [6] (5-7 years)		3,093		1,313		—	%		1,312
Return of Premium [7]/Other		16,757		4,592		6	%		4,319
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	74,453	$	35,987		48	%	$	18,726
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		26,567		8,960		15	%		7,619
TOTAL	$	101,020	$	44,947		41	%	$	26,345

	As of		As of		As of		As of		As of
	March 31,		June 30,		September 30,		December 31,		March 31,
OTHER DATA	2008		2008		2008		2008		2009
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,322.70		1,280.00		1,164.74		903.25		797.87
Total Account Value	$	115,212	$	112,786	$	99,118	$	81,128	$	74,453
Retained net amount of risk		3,633		4,067		8,565		17,149		18,726
GMDB net GAAP liability [9]		203		208		304		275		749
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	36,777	$	35,910	$	32,706	$	29,726	$	26,567
Retained net amount of risk		2,151		1,706		3,716		7,761		7,619
GMDB/GMIB net GAAP liability [9]		39		37		178		198		679

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier age 80 or 100% of adjusted premiums.
[3]	EPB: the death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB: the death benefit is the greatest of current account value, net premiums paid, or for certain contracts a benefit amount that rachets over time, generally based on market performance.
[6]	Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).
[7]	Return of premium: the death benefit is the greater of current account value and net premiums paid.
[8]	Death benefits include a Return of Premium and MAV (before age 80) paid in a single lump sum. The income benefit is a guarantee to return initial investment, which is adjusted for earnings liquidity, paid through a fixed annuity after a minimum deferral period of 10, 15 or 20 years. The guaranteed remaining balance related to the Japan GMIB was $28.0 billion and $26.8 billion as of March 31, 2009 and December 31, 2008, respectively.
[9]	For the three months ended September 30, 2008 there was an increase to GMDB/GMIB liability, as a result of the unlock, for U.S. and Japan variable annuity business of $116 and $139, respectively. For the three months ended March 31, 2009 the amounts were $511 and $509, respectively.

L - 6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of March 31, 2009

Statutory Reserve Credit and Amounts Recoverable
Gross statutory reinsurance reserve credit	$	3,018
Liability for reinsurance in unauthorized companies		(2	)
Net statutory reinsurance reserve credit	$	3,016
Statutory amounts recoverable from reinsurers	$	149

The top ten reinsurers represent $2,958 or 93% of the total statutory reserve credit and amounts recoverable.

• 23% of this amount is with reinsurers rated “A+” by A.M. Best at April 27, 2009.

• 36% of this amount is with reinsurers rated “A” by A.M. Best at April 27, 2009.

• 33% of this amount is with reinsurers rated “A-” by A.M. Best at April 27, 2009.

• 8% of this amount is with reinsurers rated “B++” by A.M. Best at April 27, 2009.

L - 7

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

	March 31, 2009			December 31, 2008
Statutory Capital and Surplus	$	5,601		$	6,046
GAAP Adjustments
Investment in subsidiaries		732			2,960
Deferred policy acquisition costs		10,828			11,988
Deferred taxes		2,597			1,461
Benefit reserves		(5,496	)		(7,224	)
Unrealized losses on investments, net of impairments		(8,623	)		(8,465	)
Asset valuation reserve and interest maintenance reserve		172			177
Goodwill		393			376
Other, net		(241	)		260
GAAP Stockholders’ Equity	$	5,963		$	7,579

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

L - 8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	497		$	495		$	454		$	335		$	302			(39	%)		(10	%)
Other fees [2]		33			34			59			31			93			182	%	NM
Total fee income		530			529			513			366			395			(25	%)		8	%
Direct premiums		24			24			29			22			18			(25	%)		(18	%)
Reinsurance premiums [2]		(30	)		(31	)		(18	)		(24	)		(16	)		47	%		33	%
Net premiums		(6	)		(7	)		11			(2	)		2		NM			NM
Total premiums and other considerations		524			522			524			364			397			(24	%)		9	%
Net investment income
Net investment income on G/A assets		209			210			198			162			169			(19	%)		4	%
Net investment income on assigned capital [5]		19			20			22			31			13			(32	%)		(58	%)
Charge for invested capital		(33	)		(32	)		(30	)		(7	)		2		NM			NM
Total net investment income		195			198			190			186			184			(6	%)		(1	%)
Net realized capital gains (losses) — core		3			1			—			(2	)		—			(100	%)		100	%
Total core revenues		722			721			714			548			581			(20	%)		6	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(759	)		(71	)		(483	)		(595	)		486		NM			NM
Total revenues		(37	)		650			231			(47	)		1,067		NM			NM
Benefits and Expenses
Benefits and losses
Death benefits [2]		13			13			131			35			555		NM			NM
Other contract benefits		18			18			24			27			22			22	%		(19	%)
Change in reserve		14			13			14			11			4			(71	%)		(64	%)
Sales inducements [2]		13			12			73			2			80		NM			NM
Interest credited on G/A assets		150			148			159			162			169			13	%		4	%
Total benefits and losses		208			204			401			237			830		NM			NM
Other insurance expenses
Commissions & wholesaling expenses		253			242			214			175			135			(47	%)		(23	%)
Operating expenses		52			62			56			56			49			(6	%)		(13	%)
Premium taxes and other expenses		3			2			3			5			4			33	%		(20	%)
Subtotal — expenses before deferral		308			306			273			236			188			(39	%)		(20	%)
Deferred policy acquisition costs		(167	)		(157	)		(144	)		(109	)		(65	)		61	%		40	%
Total other insurance expense		141			149			129			127			123			(13	%)		(3	%)
Amortization of deferred policy acquisition costs [2]		164			157			1,096			86			1,100		NM			NM
Goodwill impairment [4]		—			—			—			422			—			—			(100	%)
Total benefits and expenses		513			510			1,626			872			2,053		NM				135	%
Core earnings (loss) before income taxes		209			211			(912	)		(324	)		(1,472	)	NM			NM
Income tax expense (benefit) [1] [2]		35			22			(360	)		(126	)		(548	)	NM			NM
Core earnings (loss) [2]		174			189			(552	)		(198	)		(924	)	NM			NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [2] [3]		(264	)		(33	)		(282	)		(470	)		178		NM			NM
Net income (loss) [2]	$	(90	)	$	156		$	(834	)	$	(668	)	$	(746	)	NM				(12	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		56.3			64.7			(202.0	)		(83.9	)		(445.9	)	NM			NM
Net income (loss)		(29.1	)		53.4			(305.1	)		(283.1	)		(360.0	)	NM				(27	%)

[1]	The three months ended June 30, 2008 includes a tax benefit of $16 related to DRD and FTC.
[2]	The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $721 and $731, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $989 and $985, respectively. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009
Other Fees	$	24		$	66
Reinsurance Premiums	$	5		$	6
Death Benefits	$	116		$	511
Sales Inducements	$	62		$	71
Amortization of deferred policy acquisition costs	$	959		$	1,011
Income tax expense (benefit)	$	(387	)	$	(532	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings	$	(10	)	$	4

[3]	Included in the three months ended March 31, June 30, September 30, and December 31, 2008 and March 31, 2009 are guaranteed minimum withdrawal benefit (“GMWB”), net realized gains (losses), net of tax and DAC, excluded from core earnings of $(251), $(7), ($45), ($254) and $237, respectively.
[4]	As a result of the goodwill testing performed during the three months ended, December 31, 2008, Individual Annuity wrote-off goodwill of $274, after-tax.

L - 9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — OTHER
INCOME STATEMENTS [2]

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	4		$	4		$	3		$	2		$	—			(100	%)		(100	%)
Mutual fund and other fees		213			224			208			158			142			(33	%)		(10	%)
Total fee income		217			228			211			160			142			(35	%)		(11	%)
Net investment loss
Net investment loss on G/A assets		(1	)		(3	)		(3	)		(4	)		(3	)	NM				25	%
Net investment loss on assigned capital		(3	)		(3	)		(3	)		(2	)		(1	)		67	%		50	%
Total net investment loss		(4	)		(6	)		(6	)		(6	)		(4	)		—			33	%
Total core revenues		213			222			205			154			138			(35	%)		(10	%)
Net realized losses, before tax and DAC, excluded from core revenues		—			—			(1	)		—			—			—			—
Total revenues		213			222			204			154			138			(35	%)		(10	%)
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		149			158			143			103			97			(35	%)		(6	%)
Operating expenses		40			40			34			30			29			(28	%)		(3	%)
Premium taxes and other expenses		4			3			5			6			5			25	%		(17	%)
Subtotal — expenses before deferral		193			201			182			139			131			(32	%)		(6	%)
Deferred policy acquisition costs		(22	)		(23	)		(17	)		(12	)		(9	)		59	%		25	%
Total other insurance expense		171			178			165			127			122			(29	%)		(4	%)
Amortization of deferred policy acquisition costs [1]		22			22			22			30			14			(36	%)		(53	%)
Total benefits and expenses		193			200			187			157			136			(30	%)		(13	%)
Core earnings (loss) before income taxes		20			22			18			(3	)		2			(90	%)	NM
Income tax expense (benefit) [1]		7			8			5			(1	)		1			(86	%)	NM
Core earnings (loss) [1]		13			14			13			(2	)		1			(92	%)	NM
Net realized gains (losses), net of tax and DAC, excluded from core earnings		—			—			(1	)		—			1			—			—
Net income (loss) [1]	$	13		$	14		$	12		$	(2	)	$	2			(85	%)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		10.6			11.5			11.1			(2.1	)		1.3			(88	%)	NM
Net income		10.6			11.5			10.3			(2.1	)		2.6			(75	%)	NM

[1]	The DAC unlock recorded in the three months ended September 30, 2008 increased amortization of deferred policy acquisition costs by $1, after-tax.
[2]	Specialty products / Other transferred to International, effective January 1, 2009 on a prospective basis.

L - 10

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
Individual Annuity
Broker-dealer	$	1,677	$	1,574	$	1,502	$	1,266	$	949		(43	%)		(25	%)
Banks		938		982		832		742		386		(59	%)		(48	%)
Total deposits by distribution		2,615		2,556		2,334		2,008		1,335		(49	%)		(34	%)
Variable		2,546		2,233		1,948		1,160		702		(72	%)		(39	%)
Fixed MVA/other		69		323		386		848		633	NM				(25	%)
Total deposits by product		2,615		2,556		2,334		2,008		1,335		(49	%)		(34	%)
Retail Mutual Funds		3,966		3,967		3,614		2,565		2,250		(43	%)		(12	%)
529 College Savings Plan/Specialty Products/Other [1]		183		153		141		80		57		(69	%)		(29	%)
Total Retail Products Group	$	6,764	$	6,676	$	6,089	$	4,653	$	3,642		(46	%)		(22	%)

[1] The Specialty products / Other business was transferred to International, effective January 1, 2009 on a prospective basis. Deposits for this business in the three months ended March 31, 2009 were $63.

L - 11

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

											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
INDIVIDUAL ANNUITY
General account	$	15,126	$	15,275	$	15,650	$	16,051	$	16,499		9	%		3	%
Non-guaranteed separate account		102,924		100,436		87,287		69,805		63,414		(38	%)		(9	%)
Total Individual Annuity	$	118,050	$	115,711	$	102,937	$	85,856	$	79,913		(32	%)		(7	%)
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	5,126	$	5,039	$	5,081	$	4,866	$	4,839		(6	%)		(1	%)
Non-guaranteed separate account		102,794		100,306		87,169		69,712		63,327		(38	%)		(9	%)
Total individual variable annuities		107,920		105,345		92,250		74,578		68,166		(37	%)		(9	%)
Fixed MVA & other individual annuities		10,130		10,366		10,687		11,278		11,747		16	%		4	%
Total Individual Annuity		118,050		115,711		102,937		85,856		79,913		(32	%)		(7	%)
Specialty Products/Other — Segregated Assets [1]		604		578		500		398		—		(100	%)		(100	%)
Mutual Fund Assets
Retail mutual fund assets		44,617		47,239		40,903		31,032		28,706		(36	%)		(7	%)
Specialty Product/Other mutual fund assets [1]		1,022		1,126		1,071		826		—		(100	%)		(100	%)
529 College Savings Plan assets		1,121		1,150		1,013		852		837		(25	%)		(2	%)
Total Mutual Fund Assets		46,760		49,515		42,987		32,710		29,543		(37	%)		(10	%)
Total Retail Products Group Assets Under Management	$	165,414	$	165,804	$	146,424	$	118,964	$	109,456		(34	%)		(8	%)

[1] The Specialty products / Other business was transferred to International, effective January 1, 2009 on a prospective basis.

L - 12

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

	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
VARIABLE ANNUITIES
Beginning balance	$	119,071		$	107,920		$	105,345		$	92,250		$	74,578
Deposits		2,546			2,233			1,948			1,160			702
Surrenders		(3,338	)		(3,331	)		(3,058	)		(2,671	)		(2,288	)
Death benefits/annuity payouts		(445	)		(460	)		(404	)		(342	)		(349	)
Transfers [2]		(2	)		(20	)		(26	)		(25	)		(29	)
Net Flows		(1,239	)		(1,578	)		(1,540	)		(1,878	)		(1,964	)
Change in market value/change in reserve/interest credited		(9,911	)		(1,016	)		(11,544	)		(15,778	)		(4,443	)
Other [3]		(1	)		19			(11	)		(16	)		(5	)
Ending balance	$	107,920		$	105,345		$	92,250		$	74,578		$	68,166
FIXED MVA AND OTHER
Beginning balance	$	10,243		$	10,130		$	10,366		$	10,687		$	11,278
Deposits		69			323			386			848			633
Surrenders		(219	)		(175	)		(131	)		(308	)		(238	)
Death benefits/annuity payouts		(118	)		(102	)		(101	)		(112	)		(113	)
Transfers [2]		49			71			57			55			55
Net Flows		(219	)		117			211			483			337
Change in market value/change in reserve/interest credited		106			119			110			108			132
Ending balance	$	10,130		$	10,366		$	10,687		$	11,278		$	11,747
TOTAL INDIVIDUAL ANNUITY
Beginning balance	$	129,314		$	118,050		$	115,711		$	102,937		$	85,856
Deposits		2,615			2,556			2,334			2,008			1,335
Surrenders		(3,557	)		(3,506	)		(3,189	)		(2,979	)		(2,526	)
Death benefits/annuity payouts		(563	)		(562	)		(505	)		(454	)		(462	)
Transfers [2]		47			51			31			30			26
Net Flows		(1,458	)		(1,461	)		(1,329	)		(1,395	)		(1,627	)
Change in market value/change in reserve/interest credited		(9,805	)		(897	)		(11,434	)		(15,670	)		(4,311	)
Other [3]		(1	)		19			(11	)		(16	)		(5	)
Ending balance	$	118,050		$	115,711		$	102,937		$	85,856		$	79,913

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.
[3]	Includes a bonus on certain products, front end loads on A share products and annual maintenance fees. The three months ended June 30, 2008 also includes the crediting of policyholder account balances associated with the settlement of the New York Attorney General’s investigation related to market timing.

L - 13

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

	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
RETAIL MUTUAL FUNDS
Beginning balance	$	48,383		$	44,617		$	47,239		$	40,903		$	31,032
Deposits		3,966			3,967			3,614			2,565			2,250
Redemptions		(2,845	)		(2,066	)		(2,798	)		(3,563	)		(2,750	)
Net Sales		1,121			1,901			816			(998	)		(500	)
Change in market value		(4,854	)		761			(7,117	)		(8,852	)		(1,807	)
Other [1]		(33	)		(40	)		(35	)		(21	)		(19	)
Ending balance	$	44,617		$	47,239		$	40,903		$	31,032		$	28,706

[1] Includes front end loads on A share products.

L - 14

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

																Year Over
																Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
Variable life fees	$	18		$	19		$	16		$	12		$	11			(39	%)		(8	%)
Cost of insurance charges		140			143			145			150			152			9	%		1	%
Other fees [1]		63			75			59			59			130			106	%		120	%
Total fee income		221			237			220			221			293			33	%		33	%
Direct premiums		28			30			31			32			31			11	%		(3	%)
Reinsurance premiums		(46	)		(49	)		(46	)		(51	)		(50	)		(9	%)		2	%
Net premiums		(18	)		(19	)		(15	)		(19	)		(19	)		(6	%)		—
Total premiums and other considerations		203			218			205			202			274			35	%		36	%
Net investment income
Net investment income on G/A assets		92			95			87			77			82			(11	%)		6	%
Net investment income on assigned capital		4			4			5			3			2			(50	%)		(33	%)
Charge for invested capital		(8	)		(7	)		(8	)		(6	)		(5	)		38	%		17	%
Total net investment income		88			92			84			74			79			(10	%)		7	%
Net realized capital losses — core		—			—			(1	)		(1	)		(1	)		—			—
Total core revenues		291			310			288			275			352			21	%		28	%
Net realized losses and other, before tax and DAC, excluded from core revenues		(35	)		(25	)		(169	)		(21	)		(33	)		6	%		(57	%)
Total revenues		256			285			119			254			319			25	%		26	%
Benefits and Expenses
Benefits and losses
Death benefits		91			88			86			94			94			3	%		—
Other contract benefits		5			5			5			5			5			—			—
Change in reserve [1]		(4	)		(3	)		4			(3	)		2		NM			NM
Sales inducements		—			—			—			—			1			—			—
Interest credited on G/A assets		62			63			64			65			62			—			(5	%)
Total benefits and losses		154			153			159			161			164			6	%		2	%
Other insurance expenses
Commissions & wholesaling expenses		59			57			60			67			39			(34	%)		(42	%)
Operating expenses		64			70			66			69			61			(5	%)		(12	%)
Premium taxes and other expenses		12			13			14			13			12			9	%		(8	%)
Subtotal — expenses before deferral		135			140			140			149			112			(17	%)		(25	%)
Deferred policy acquisition costs		(88	)		(89	)		(91	)		(94	)		(64	)		27	%		32	%
Total other insurance expense		47			51			49			55			48			2	%		(13	%)
Amortization of deferred policy acquisition costs and present value of future profits [1]		32			44			74			21			143		NM			NM
Total benefits and expenses		233			248			282			237			355			52	%		50	%
Core earnings (loss) before income taxes		58			62			6			38			(3	)	NM			NM
Income tax expense (benefit) [1]		17			19			(2	)		12			(3	)	NM			NM
Core earnings [1]		41			43			8			26			—			(100	%)		(100	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings [1]		(21	)		(13	)		(110	)		(17	)		(18	)		14	%		(6	%)
Net income (loss) [1]	$	20		$	30		$	(102	)	$	9		$	(18	)	NM			NM
Earnings Margin (After-tax)
Core earnings		14.1	%		13.9	%		2.8	%		9.5	%		0.0	%		(14.1	)		(9.5	)
Net income		7.8	%		10.5	%		(85.7	%)		3.5	%		(5.6	%)		(13.4	)		(9.1	)

[1] The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $37 and $44, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased both core earnings and net income by $26 The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009
Other Fees	$	(26	)	$	63
Change in Reserves		5			—
Amortization of deferred policy acquisition costs		26			103
Income tax expense (benefit)		(20	)		(14	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(7	)		—

L - 15

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
SALES BY DISTRIBUTION
Wirehouse	$	24	$	25	$	24	$	22	$	13		(46	%)		(41	%)
Banks		9		9		9		8		5		(44	%)		(38	%)
Independent		29		32		31		36		16		(45	%)		(56	%)
Other		3		4		5		4		3		—			(25	%)
Total sales by distribution	$	65	$	70	$	69	$	70	$	37		(43	%)		(47	%)
SALES BY PRODUCT
Variable Life		28		23		22		18		8		(71	%)		(56	%)
Universal life/whole life		32		40		41		45		23		(28	%)		(49	%)
Term life/other		5		7		6		7		6		20	%		(14	%)
Total sales by product	$	65	$	70	$	69	$	70	$	37		(43	%)		(47	%)
ACCOUNT VALUE
General account	$	5,688	$	5,768	$	5,863	$	5,926	$	5,983		5	%		1	%
Separate account		6,091		6,090		5,308		4,256		3,998		(34	%)		(6	%)
Total account value	$	11,779	$	11,858	$	11,171	$	10,182	$	9,981		(15	%)		(2	%)
ACCOUNT VALUE BY PRODUCT
Variable life	$	6,620	$	6,625	$	5,848	$	4,802	$	4,550		(31	%)		(5	%)
Universal life/interest sensitive whole life		4,485		4,569		4,663		4,727		4,788		7	%		1	%
Modified guaranteed life		551		542		537		529		522		(5	%)		(1	%)
Other		123		122		123		124		121		(2	%)		(2	%)
Total account value by product	$	11,779	$	11,858	$	11,171	$	10,182	$	9,981		(15	%)		(2	%)
LIFE INSURANCE IN-FORCE
Variable life	$	78,145	$	78,557	$	78,809	$	78,853	$	77,913		—			(1	%)
Universal life/interest sensitive whole life		49,415		50,298		51,355		52,356		52,711		7	%		1	%
Term life		54,369		57,371		60,261		63,334		65,318		20	%		3	%
Modified guaranteed life		662		648		637		624		612		(8	%)		(2	%)
Other		307		299		299		297		299		(3	%)		1	%
Total life insurance in-force	$	182,898	$	187,173	$	191,361	$	195,464	$	196,853		8	%		1	%

L - 16

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

	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
VARIABLE LIFE
Beginning balance	$	7,284		$	6,620		$	6,625		$	5,848		$	4,802
First year & single premiums		74			74			63			63			30
Renewal premiums		142			140			139			149			130
Premiums and deposits		216			214			202			212			160
Surrenders		(90	)		(99	)		(76	)		(79	)		(67	)
Death benefits		(16	)		(20	)		(20	)		(13	)		(13	)
Net Flows		110			95			106			120			80
Policy fees		(131	)		(123	)		(128	)		(137	)		(123	)
Change in market value/interest credited		(643	)		33			(755	)		(1,029	)		(209	)
Ending balance	$	6,620		$	6,625		$	5,848		$	4,802		$	4,550
OTHER [1]
Beginning balance	$	5,065		$	5,159		$	5,233		$	5,323		$	5,380
First year & single premiums		117			108			125			145			99
Renewal premiums		121			120			123			136			128
Premiums and deposits		238			228			248			281			227
Surrenders		(46	)		(54	)		(53	)		(76	)		(67	)
Death benefits		(21	)		(24	)		(22	)		(55	)		(27	)
Net Flows		171			150			173			150			133
Policy fees		(132	)		(133	)		(139	)		(152	)		(138	)
Change in market value/interest credited		55			57			56			59			56
Ending balance	$	5,159		$	5,233		$	5,323		$	5,380		$	5,431
TOTAL INDIVIDUAL LIFE
Beginning balance	$	12,349		$	11,779		$	11,858		$	11,171		$	10,182
First year & single premiums		191			182			188			208			129
Renewal premiums		263			260			262			285			258
Premiums and deposits		454			442			450			493			387
Surrenders		(136	)		(153	)		(129	)		(155	)		(134	)
Death benefits		(37	)		(44	)		(42	)		(68	)		(40	)
Net Flows		281			245			279			270			213
Policy fees		(263	)		(256	)		(267	)		(289	)		(261	)
Change in market value/interest credited		(588	)		90			(699	)		(970	)		(153	)
Ending balance	$	11,779		$	11,858		$	11,171		$	10,182		$	9,981

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

L - 17

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
ASO fees	$	9		$	9		$	9		$	9		$	11			22	%		22	%
Other fees		(1	)		1			—			(1	)		1		NM			NM
Total fee income		8			10			9			8			12			50	%		50	%
Direct premiums		1,031			1,060			1,061			1,055			1,103			7	%		5	%
Reinsurance premiums		35			30			39			45			23			(34	%)		(49	%)
Net premiums		1,066			1,090			1,100			1,100			1,126			6	%		2	%
Total premiums and other considerations		1,074			1,100			1,109			1,108			1,138			6	%		3	%
Net investment income
Net investment income on G/A assets		88			95			92			71			83			(6	%)		17	%
Net investment income on assigned capital		18			18			19			18			8			(56	%)		(56	%)
Total net investment income		106			113			111			89			91			(14	%)		2	%
Net realized capital losses — core		—			—			(1	)		—			(1	)		—			—
Total core revenues		1,180			1,213			1,219			1,197			1,228			4	%		3	%
Net realized gains (losses), before tax and DAC, excluded from   core revenues		(36	)		(37	)		(440	)		(26	)		4		NM			NM
Total revenues		1,144			1,176			779			1,171			1,232			8	%		5	%
Benefits and Expenses
Benefits and losses
Death benefits		290			316			321			284			335			16	%		18	%
Other contract benefits		475			469			463			460			457			(4	%)		(1	%)
Change in reserve		23			26			(4	)		21			68			196	%	NM
Total benefits and losses		788			811			780			765			860			9	%		12	%
Other insurance expenses
Commissions & wholesaling expenses		148			128			144			146			125			(16	%)		(14	%)
Operating expenses		135			145			134			145			134			(1	%)		(8	%)
Premium taxes and other expenses		19			12			21			20			22			16	%		10	%
Subtotal — expenses before deferral		302			285			299			311			281			(7	%)		(10	%)
Deferred policy acquisition costs		(17	)		(15	)		(16	)		(21	)		(17	)		—			19	%
Total other insurance expense		285			270			283			290			264			(7	%)		(9	%)
Amortization of deferred policy acquisition costs		13			14			15			15			14			8	%		(7	%)
Total benefits and expenses		1,086			1,095			1,078			1,070			1,138			5	%		6	%
Core earnings before income taxes		94			118			141			127			90			(4	%)		(29	%)
Income tax expense		24			33			41			37			24			—			(35	%)
Core earnings		70			85			100			90			66			(6	%)		(27	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(24	)		(23	)		(286	)		(18	)		3		NM			NM
Net income (loss)	$	46		$	62		$	(186	)	$	72		$	69			50	%		(4	%)
After-Tax Profit as % of Revenues
Core earnings		5.9	%		7.0	%		8.2	%		7.5	%		5.4	%		(0.5	)		(2.1	)
Net income		4.0	%		5.3	%		(23.9	%)		6.1	%		5.6	%		1.6			(0.5	)

L - 18

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
PREMIUMS
Fully Insured — Ongoing Premiums
Group disability	$	480		$	497		$	490		$	517		$	518			8	%		—
Group life		508			526			534			516			543			7	%		5	%
Other		78			67			75			67			65			(17	%)		(3	%)
Total fully insured — ongoing   premiums		1,066			1,090			1,099			1,100			1,126			6	%		2	%
Total buyouts [1]		—			—			1			—			—			—			—
Total premiums		1,066			1,090			1,100			1,100			1,126			6	%		2	%
Group disability — premium equivalents [2]		85			85			85			83			92			8	%		11	%
Total premiums and premium equivalent	$	1,151		$	1,175		$	1,185		$	1,183		$	1,218			6	%		3	%
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully Insured — Ongoing Sales
Group disability	$	190		$	54		$	66		$	65		$	204			7	%	NM
Group life		186			76			87			75			188			1	%		151	%
Other		5			5			5			6			8			60	%		33	%
Total fully insured — ongoing sales		381			135			158			146			400			5	%		174	%
Total buyouts [1]		—			—			1			—			—			—			—
Total sales		381			135			159			146			400			5	%		174	%
Group disability premium equivalents [2]		95			6			7			24			62			(35	%)		158	%
Total sales and premium equivalents	$	476		$	141		$	166		$	170		$	462			(3	%)		172	%
RATIOS [3]
Loss Ratio		73.4	%		73.7	%		70.3	%		69.0	%		75.6	%		2.2			6.6
Expense Ratio		27.7	%		25.8	%		26.9	%		27.5	%		24.4	%		(3.3	)		(3.1	)
GAAP RESERVES [4]
Group disability	$	4,657		$	4,699		$	4,717		$	4,727		$	4,771			2	%		1	%
Group life		1,320			1,331			1,319			1,333			1,336			1	%		—
Other		146			112			98			100			92			(37	%)		(8	%)
Total GAAP reserves	$	6,123		$	6,142		$	6,134		$	6,160		$	6,199			1	%		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 March 31, June 30, September 30, and December 31, 2008 and March 31, 2009 are net of reinsurance recoverables of $252, $ 241, $243, $231 and $193, respectively.

L - 19

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	56		$	57		$	55		$	41		$	40			(29	%)		(2	%)
Mutual fund and other fees		12			40			39			34			32			167	%		(6	%)
Total fee income		68			97			94			75			72			6	%		(4	%)
Direct premiums		1			1			1			1			1			—			—
Total premiums and other considerations		69			98			95			76			73			6	%		(4	%)
Net investment income
Net investment income on G/A assets		85			88			83			72			76			(11	%)		6	%
Net investment income on assigned capital		4			4			4			3			1			(75	%)		(67	%)
Charge for invested capital		—			(1	)		—			—			—			—			—
Total net investment income		89			91			87			75			77			(13	%)		3	%
Net realized losses — core		(1	)		(1	)		—			(2	)		(2	)		(100	%)		—
Total core revenues		157			188			182			149			148			(6	%)		(1	%)
Net realized losses, before tax and DAC, excluded from core revenues		(35	)		(18	)		(181	)		(34	)		(57	)		(63	%)		(68	%)
Total revenues		122			170			1			115			91			(25	%)		(21	%)
Benefits and Expenses
Benefits and losses
Death benefits [1]		—			—			1			—			4			—			—
Other contract benefits		11			12			11			11			11			—			—
Change in reserve		(5	)		(5	)		(6	)		(5	)		(5	)		—			—
Sales inducements [1]		—			—			2			(1	)		1			—		NM
Interest credited on G/A assets		59			59			62			66			63			7	%		(5	%)
Total benefits and losses		65			66			70			71			74			14	%		4	%
Other insurance expenses
Commissions & wholesaling expenses		30			36			34			31			34			13	%		10	%
Operating expenses		68			88			89			82			70			3	%		(15	%)
Premium taxes and other expenses		1			6			7			5			6		NM				20	%
Subtotal — expenses before deferral		99			130			130			118			110			11	%		(7	%)
Deferred policy acquisition costs		(38	)		(38	)		(35	)		(31	)		(31	)		18	%		—
Total other insurance expense		61			92			95			87			79			30	%		(9	%)
Amortization of deferred policy acquisition costs [1]		9			7			83			1			84		NM			NM
Total benefits and expenses		135			165			248			159			237			76	%		49	%
Core earnings (loss) before income taxes		22			23			(66	)		(10	)		(89	)	NM			NM
Income tax expense (benefit) [1] [2]		5			(10	)		(30	)		(7	)		(35	)	NM			NM
Core earnings (loss) [1]		17			33			(36	)		(3	)		(54	)	NM			NM
Net realized losses, net of tax and DAC, excluded from core earnings [1]		(22	)		(2	)		(124	)		(20	)		(34	)		(55	%)		(70	%)
Net income (loss) [1]	$	(5	)	$	31		$	(160	)	$	(23	)	$	(88	)	NM			NM
RETURN ON ASSETS (After-tax bps)
Core earnings		18.1			28.3			(31.9	)		(3.0	)		(59.2	)	NM			NM
Net income (loss)		(5.3	)		26.6			(141.9	)		(22.9	)		(96.4	)	NM			NM

[1] The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $48 and $49, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $54 and $57, respectively. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009
Death Benefits	$	1		$	3
Sales Inducements		1			2
Amortization of deferred policy acquisition costs		75			78
Income tax expense (benefit)		(29	)		(29	)
Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings		(1	)		(3	)

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

L - 20

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
401(k)
Annuity — plan/participant rollovers	$	739	$	506	$	487	$	418	$	530		(28	%)		27	%
Annuity — ongoing contributions		643		569		579		555		623		(3	%)		12	%
Total 401(k) Annuity		1,382		1,075		1,066		973		1,153		(17	%)		18	%
Mutual funds		441		836		862		687		684		55	%		—
Total 401(k)		1,823		1,911		1,928		1,660		1,837		1	%		11	%
403(b)/457
Annuity — plan/participant rollovers		143		57		79		38		57		(60	%)		50	%
Annuity — ongoing contributions		257		339		314		285		300		17	%		5	%
Total 403(b)/457 Annuity		400		396		393		323		357		(11	%)		11	%
Mutual funds		26		43		13		13		35		35	%		169	%
Total 403(b)/457		426		439		406		336		392		(8	%)		17	%
Total Retirement
401(k) Annuity		1,382		1,075		1,066		973		1,153		(17	%)		18	%
403(b)/457 Annuity		400		396		393		323		357		(11	%)		11	%
Total Retirement Plans Annuity deposits		1,782		1,471		1,459		1,296		1,510		(15	%)		17	%
Mutual funds		467		879		875		700		719		54	%		3	%
Total Retirement Plans Deposits		2,249		2,350		2,334		1,996		2,229		(1	%)		12	%

L - 21

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

											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
401(k)
General account	$	1,354	$	1,365	$	1,446	$	1,499	$	1,538		14	%		3	%
Non-guaranteed separate account		13,059		13,467		12,290		10,457		10,310		(21	%)		(1	%)
Total 401(k) — Annuity account value	$	14,413	$	14,832	$	13,736	$	11,956	$	11,848		(18	%)		(1	%)
Mutual fund assets [1]		20,005		19,748		18,022		14,739		14,017		(30	%)		(5	%)
Total 401(k) Assets Under Management	$	34,418	$	34,580	$	31,758	$	26,695	$	25,865		(25	%)		(3	%)
403(b)/457
General account	$	4,850	$	5,022	$	5,238	$	5,292	$	5,456		12	%		3	%
Non-guaranteed separate account		7,076		7,175		6,194		4,950		4,548		(36	%)		(8	%)
Total 403(b)/457 - Annuity account value	$	11,926	$	12,197	$	11,432	$	10,242	$	10,004		(16	%)		(2	%)
Mutual fund assets		66		106		104		99		127		92	%		28	%
Total 403(b)/457 Assets Under Management	$	11,992	$	12,303	$	11,536	$	10,341	$	10,131		(16	%)		(2	%)
TOTAL RETIREMENT
General account	$	6,204	$	6,387	$	6,684	$	6,791	$	6,994		13	%		3	%
Non-guaranteed separate account		20,135		20,642		18,484		15,407		14,858		(26	%)		(4	%)
Total Retirement Plans account value	$	26,339	$	27,029	$	25,168	$	22,198	$	21,852		(17	%)		(2	%)
Mutual fund assets		20,071		19,854		18,126		14,838		14,144		(30	%)		(5	%)
Total Retirement Plans Assets Under Management	$	46,410	$	46,883	$	43,294	$	37,036	$	35,996		(22	%)		(3	%)
RECORDKEEPING ONLY BUSINESS
Assets Under Administration [1]	$	5,666	$	6,282	$	5,853	$	5,122	$	5,024		(11	%)		(2	%)
Number of Participants [2]		142,537		155,618		155,373		155,914		165,038		16	%		6	%

[1]	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.
[2]	Earnings for assets under administration are predominantly driven by participant count. The participant count represents the actual number of participants.

L - 22

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

	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
401(k) GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	14,731		$	14,413		$	14,832		$	13,736		$	11,956
Deposits		1,382			1,075			1,066			973			1,153
Surrenders		(617	)		(591	)		(610	)		(625	)		(635	)
Death benefits/annuity payouts		(9	)		(11	)		(10	)		(9	)		(8	)
Net Flows		756			473			446			339			510
Change in market value/change in reserve/interest credited		(1,074	)		(54	)		(1,542	)		(2,119	)		(618	)
Ending balance	$	14,413		$	14,832		$	13,736		$	11,956		$	11,848
403(b)/457 GROUP ANNUITY ACCOUNT VALUE [1]
Beginning balance	$	12,363		$	11,926		$	12,197		$	11,432		$	10,242
Deposits		400			396			393			323			357
Surrenders		(244	)		(245	)		(240	)		(330	)		(225	)
Death benefits/annuity payouts		(12	)		(13	)		(12	)		(12	)		(11	)
Net Flows		144			138			141			(19	)		121
Change in market value/change in reserve/interest credited		(581	)		133			(906	)		(1,171	)		(359	)
Ending balance	$	11,926		$	12,197		$	11,432		$	10,242		$	10,004
MUTUAL FUND ASSETS [2] [3]
Beginning balance	$	1,454		$	20,071		$	19,854		$	18,126		$	14,838
Deposits		467			879			875			700			719
Surrenders		(345	)		(1,109	)		(836	)		(1,077	)		(662	)
Net Flows		122			(230	)		39			(377	)		57
Acquisitions		18,725			—			—			—			—
Change in market value/change in reserve/interest credited		(230	)		13			(1,767	)		(2,911	)		(751	)
Ending balance	$	20,071		$	19,854		$	18,126		$	14,838		$	14,144
TOTAL RETIREMENT
Beginning balance	$	28,548		$	46,410		$	46,883		$	43,294		$	37,036
Deposits		2,249			2,350			2,334			1,996			2,229
Surrenders		(1,206	)		(1,945	)		(1,686	)		(2,032	)		(1,522	)
Death benefits/annuity payouts		(21	)		(24	)		(22	)		(21	)		(19	)
Net Flows		1,022			381			626			(57	)		688
Acquisitions		18,725			—			—			—			—
Change in market value/change in reserve/interest credited		(1,885	)		92			(4,215	)		(6,201	)		(1,728	)
Ending balance	$	46,410		$	46,883		$	43,294		$	37,036		$	35,996

[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.

L - 23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential
	March 31,			June 30,		Sept. 30,			Dec. 31,			March 31,			3 Months			3 Months
	2008			2008		2008			2008			2009			Change			Change
CORE EARNINGS
Japan operations	$	70		$	64	$	(59	)	$	(111	)	$	(430	)	NM			NM
Other international operations		(3	)		—		(16	)		1			(25	)	NM			NM
Core earnings (loss)	$	67		$	64	$	(75	)	$	(110	)	$	(455	)	NM			NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(59	)		8		(32	)		(188	)		162		NM			NM
Net income (loss)	$	8		$	72	$	(107	)	$	(298	)	$	(293	)	NM				2	%
JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	944		$	863	$	868		$	291		$	202			(79	%)		(31	%)
Fixed MVA and other		172			149		231			43			21			(88	%)		(51	%)
Total deposits by product	$	1,116		$	1,012	$	1,099		$	334		$	223			(80	%)		(33	%)
JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	99,140		¥	90,334	¥	93,342		¥	28,200		¥	18,924			(81	%)		(33	%)
Fixed MVA and other		17,558			15,609		24,985			4,016			1,973			(89	%)		(51	%)
Total deposits by product	¥	116,698		¥	105,943	¥	118,327		¥	32,216		¥	20,897			(82	%)		(35	%)
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	520		$	469	$	383		$	(3,087	)	$	(80	)	NM				97	%
Fixed MVA and other		143			128		196			1,962			(49	)	NM			NM
Total net flows by product	$	663		$	597	$	579		$	(1,125	)	$	(129	)	NM				89	%
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	54,447		¥	49,111	¥	41,213		¥	(309,214	)	¥	(7,485	)	NM				98	%
Fixed MVA and other		14,580			13,396		21,193			177,526			(4,631	)	NM			NM
Total net flows by product	¥	69,027		¥	62,507	¥	62,406		¥	(131,688	)	¥	(12,116	)	NM				91	%
JAPAN AUM — Dollars
Individual Annuity
Variable	$	36,777		$	35,910	$	32,706		$	29,726		$	26,567			(28	%)		(11	%)
Fixed MVA and other [1]		2,198			2,212		2,416			4,769			4,379			99	%		(8	%)
Total AUM by product	$	38,975		$	38,122	$	35,122		$	34,495		$	30,946			(21	%)		(10	%)
JAPAN AUM — Yen
Individual Annuity
Variable	¥	3,660,549		¥	3,806,639	¥	3,472,208		¥	2,694,696		¥	2,624,041			(28	%)		(3	%)
Fixed MVA and other [1]		218,854			234,442		256,542			432,267			432,525			98	%		—
Total AUM by product	¥	3,879,403		¥	4,041,081	¥	3,728,750		¥	3,126,963		¥	3,056,566			(21	%)		(2	%)

[1] Of the total ending fixed MVA and other balance as of March 31, 2009 of $4.4 billion and ¥432.5 billion, approximately $1.8 billion and ¥180.7 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Wins product. This account value is not expected to generate material future profit or loss to the Company.

L - 24

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	209		$	214		$	205		$	170		$	159			(24	%)		(6	%)
Other fees		18			16			10			25			12			(33	%)		(52	%)
Total fee income		227			230			215			195			171			(25	%)		(12	%)
Reinsurance premiums		(2	)		(3	)		(2	)		(2	)		(2	)		—			—
Total premiums and other considerations		225			227			213			193			169			(25	%)		(12	%)
Net investment income
Net investment income on G/A assets		25			24			27			30			29			16	%		(3	%)
Net investment income on assigned capital		1			1			2			21			12		NM				(43	%)
Total net investment income		26			25			29			51			41			58	%		(20	%)
Net realized capital losses — core		(7	)		(11	)		(8	)		(2	)		(5	)		29	%		(150	%)
Total core revenues		244			241			234			242			205			(16	%)		(15	%)
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(108	)		3			(43	)		(218	)		260		NM			NM
Total revenues		136			244			191			24			465		NM			NM
Benefits and Expenses
Benefits and losses
Death and other benefits [1]		8			6			146			70			554		NM			NM
Change in reserve		—			—			—			—			58			—			—
Sales inducements		—			—			1			—			(1	)		—			—
Interest credited on G/A assets		8			8			9			11			12			50	%		9	%
Total benefits and losses		16			14			156			81			623		NM			NM
Other insurance expenses
Commissions & wholesaling expenses		73			70			73			32			27			(63	%)		(16	%)
Operating expenses		40			46			43			49			39			(3	%)		(20	%)
Premium taxes and other expenses		9			5			11			7			5			(44	%)		(29	%)
Subtotal — expenses before deferral		122			121			127			88			71			(42	%)		(19	%)
Deferred policy acquisition costs		(69	)		(63	)		(67	)		(22	)		(14	)		80	%		36	%
Total other insurance expense		53			58			60			66			57			8	%		(14	%)
Amortization of deferred policy acquisition costs [1]		68			70			109			265			187			175	%		(29	%)
Total benefits and expenses		137			142			325			412			867		NM				110	%
Core earnings (loss) before income taxes		107			99			(91	)		(170	)		(662	)	NM			NM
Income tax expense (benefit) [1]		37			35			(32	)		(59	)		(232	)	NM			NM
Core earnings (loss) [1] [2]		70			64			(59	)		(111	)		(430	)	NM			NM
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(56	)		5			(22	)		(154	)		167		NM			NM
Net Income (loss) [1]	$	14		$	69		$	(81	)	$	(265	)	$	(263	)	NM				1	%
RETURN ON ASSETS (After-tax bps)
Core earnings [3]		73.1			66.4			(64.4	)		(127.6	)		(525.7	)	NM			NM
Net income [3]		14.6			71.6			(88.5	)		(304.5	)		(321.5	)	NM				(6	%)

[1] The DAC unlock recorded in the three months ended September 30, 2008 decreased core earnings and net income by $123 and $115, respectively. The DAC unlock recorded in the three months ended March 31, 2009 decreased core earnings and net income by $420 and $417, respectively. The effect on each income statement line item is as follows:

	September 30, 2008			March 31, 2009
Other Fees	$	(7	)	$	—
Death and other benefits		139			509
Sales Inducements		1			1
Amortization of deferred policy acquisition costs		42			135
Income tax expense (benefit)		(66	)		(224	)
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		8			2

[2] Includes the after-tax charge of $152 recorded in the three months ended December 31, 2008 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 and additional 3 Win related charges recorded in the three months ended March 31, 2009 of $40. See Note 2 on page L-26 for additional information on the 3Win Trigger.

L - 25

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

	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
VARIABLE ANNUITIES
Beginning balance	$	35,793		$	36,777		$	35,910		$	32,706		$	29,726
Deposits/Premiums/other		944			863			868			291			202
Surrenders		(298	)		(272	)		(370	)		(297	)		(127	)
Death benefits/annuitizations/other [1]		(126	)		(122	)		(115	)		(910	)		(136	)
Transfers — 3 Win [1]		—			—			—			(2,171	)		(19	)
Net Flows		520			469			383			(3,087	)		(80	)
Change in market value/currency/change in reserve/interest credited		(3,722	)		976			(3,508	)		(4,662	)		(774	)
Effect of currency translation		4,186			(2,312	)		(79	)		4,769			(2,305	)
Ending balance	$	36,777		$	35,910		$	32,706		$	29,726		$	26,567
FIXED MVA AND OTHER [2]
Beginning balance	$	1,844		$	2,198		$	2,212		$	2,416		$	4,769
Deposits/Premiums/other		172			149			231			43			21
Surrenders		(12	)		(7	)		(17	)		(62	)		(38	)
Death benefits/annuitizations/other [1]		(17	)		(14	)		(18	)		(190	)		(51	)
Transfers — 3 Win [1]		—			—			—			2,171			19
Net Flows		143			128			196			1,962			(49	)
Change in market value/currency/change in reserve/interest credited		(17	)		21			9			(18	)		52
Effect of currency translation		228			(135	)		(1	)		409			(393	)
Ending balance	$	2,198		$	2,212		$	2,416		$	4,769		$	4,379
TOTAL JAPAN
Beginning balance	$	37,637		$	38,975		$	38,122		$	35,122		$	34,495
Deposits/Premiums/other		1,116			1,012			1,099			334			223
Surrenders		(310	)		(279	)		(387	)		(359	)		(165	)
Death benefits/annuitizations/other [1]		(143	)		(136	)		(133	)		(1,100	)		(187	)
Net Flows		663			597			579			(1,125	)		(129	)
Change in market value/change in reserve/interest credited		(3,739	)		997			(3,499	)		(4,680	)		(722	)
Effect of currency translation		4,414			(2,447	)		(80	)		5,178			(2,698	)
Ending balance	$	38,975		$	38,122		$	35,122		$	34,495		$	30,946

[1]

The three months ended, March 31, 2009, includes the effect of the triggering of a portion of the remaining guaranteed minimum income benefit (“GMIB”) for the 3 Win product. This GMIB requires the policyholder to elect one of 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. Additionally the current period payments were of $(42) and interest credited of $17 associated with option (2) are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited.

[2]

Of the total ending fixed MVA and other balance as of March 31, 2009 of $4.4 billion, approximately $1.8 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Wins product. This account value is not expected to generate material future profit or loss to the Company.

L - 26

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

	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
VARIABLE ANNUITIES
Beginning balance	¥	3,998,563		¥	3,660,549		¥	3,806,639		¥	3,472,208		¥	2,694,696
Deposits/Premiums/other		99,140			90,334			93,342			28,200			18,924
Surrenders		(31,364	)		(28,471	)		(39,753	)		(28,757	)		(11,891	)
Death benefits/annuitizations/other [1]		(13,329	)		(12,752	)		(12,376	)		(111,840	)		(12,708	)
Transfers — 3 Win [1]		—			—			—			(196,817	)		(1,810	)
Net Flows		54,447			49,111			41,213			(309,214	)		(7,485	)
Change in market value/change in reserve/interest credited		(392,461	)		96,979			(375,644	)		(468,298	)		(63,170	)
Ending balance		3,660,549			3,806,639			3,472,208			2,694,696			2,624,041
FIXED MVA AND OTHER [2]
Beginning balance		206,028			218,854			234,442			256,542			432,267
Deposits/Premiums/other		17,558			15,609			24,985			4,016			1,973
Surrenders		(1,245	)		(744	)		(1,845	)		(5,921	)		(3,626	)
Death benefits/annuitizations/other [1]		(1,733	)		(1,469	)		(1,947	)		(17,386	)		(4,788	)
Transfers — 3 Win [1]		—			—			—			196,817			1,810
Net Flows		14,580			13,396			21,193			177,526			(4,631	)
Change in market value/change in reserve/interest credited		790			884			1,011			725			2,648
Effect of currency translation on USD Fixed Annuity products		(2,544	)		1,308			(104	)		(2,526	)		2,241
Ending balance		218,854			234,442			256,542			432,267			432,525
TOTAL JAPAN
Beginning balance		4,204,591			3,879,403			4,041,081			3,728,750			3,126,963
Deposits/Premiums/other		116,698			105,943			118,327			32,216			20,897
Surrenders		(32,609	)		(29,215	)		(41,598	)		(34,678	)		(15,517	)
Death benefits/annuitizations/other [1]		(15,062	)		(14,221	)		(14,323	)		(129,226	)		(17,496	)
Net Flows		69,027			62,507			62,406			(131,688	)		(12,116	)
Change in market value/change in reserve/interest credited		(391,671	)		97,863			(374,633	)		(467,573	)		(60,522	)
Effect of currency translation on USD Fixed Annuity products		(2,544	)		1,308			(104	)		(2,526	)		2,241
Ending balance	¥	3,879,403		¥	4,041,081		¥	3,728,750		¥	3,126,963		¥	3,056,566

[1]

The three months ended, March 31, 2009, includes the effect of the triggering of a portion of the remaining guaranteed minium income benefit (“GMIB”) for the 3 Win product. The 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. Additionally, the current period payments were of ¥(3.9) bilion and interest credited of ¥1.6 billion associated with option (2) are included in the fixed MVA and other — death benefits/annuitizations/other and change in market value/change in reserve/interest credited.

[2]

Of the total ending fixed MVA and other balance as of March 31, 2009 of ¥432.5 billion, approximately ¥180.7 billion is related to the triggering of the guaranteed minimum income benefit for the 3 Wins product. This account value is not expected to generate material future profit or loss to the Company.

L - 27

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	19		$	20		$	18		$	13		$	15			(21	%)		15	%
Cost of insurance charges		17			16			13			16			20			18	%		25	%
Mutual fund and other fees		5			2			9			4			5			—			25	%
Total fee income		41			38			40			33			40			(2	%)		21	%
Direct premiums		188			242			241			218			208			11	%		(5	%)
Total premiums and other considerations		229			280			281			251			248			8	%		(1	%)
Net investment income
Net investment income on G/A assets		284			269			231			180			187			(34	%)		4	%
Net investment income on assigned capital		9			9			8			9			5			(44	%)		(44	%)
Charge for invested capital		1			1			1			2			2			100	%		—
Total net investment income		294			279			240			191			194			(34	%)		2	%
Net realized capital gains (losses) — core		—			—			1			(1	)		(2	)		—			(100	%)
Total core revenues		523			559			522			441			440			(16	%)		—
Net realized gains (losses), before tax and DAC, excluded from core revenues		(219	)		(87	)		(606	)		123			(237	)		(8	%)	NM
Total revenues		304			472			(84	)		564			203			(33	%)		(64	%)
Benefits and Expenses
Benefits and losses
Death benefits		17			13			12			15			20			18	%		33	%
Other contract benefits		113			120			120			130			126			12	%		(3	%)
Change in reserve		177			220			221			198			189			7	%		(5	%)
Interest credited on G/A assets		151			135			132			133			112			(26	%)		(16	%)
Total benefits and losses		458			488			485			476			447			(2	%)		(6	%)
Other insurance expenses
Commissions & wholesaling expenses		14			15			19			11			13			(7	%)		18	%
Operating expenses		20			25			22			18			16			(20	%)		(11	%)
Premium taxes and other expenses		3			(1	)		2			3			2			(33	%)		(33	%)
Subtotal — expenses before deferral		37			39			43			32			31			(16	%)		(3	%)
Deferred policy acquisition costs		(9	)		(9	)		(8	)		(5	)		(4	)		56	%		20	%
Total other insurance expense		28			30			35			27			27			(4	%)		—
Amortization of deferred policy acquisition costs		6			5			5			3			5			(17	%)		67	%
Total benefits and expenses		492			523			525			506			479			(3	%)		(5	%)
Core earnings (loss) before income taxes		31			36			(3	)		(65	)		(39	)	NM				40	%
Income tax expense (benefit)		9			9			(4	)		(25	)		(19	)	NM				24	%
Core earnings (loss)		22			27			1			(40	)		(20	)	NM				50	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(142	)		(57	)		(394	)		81			(154	)		(8	%)	NM
Net income (loss)	$	(120	)	$	(30	)	$	(393	)	$	41		$	(174	)		(45	%)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		14.3			17.4			0.7			(26.7	)		(13.5	)	NM				49	%
Net income (loss)		(78.0	)		(19.4	)		(255.6	)		27.4			(117.3	)		(50	%)	NM

L - 28

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

											Year Over
	THREE MONTHS ENDED										Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
Institutional
Structured settlements		211	$	200	$	231	$	170	$	243		15	%		43	%
Institutional annuities		23		38		25		10		5		(78	%)		(50	%)
Guaranteed interest products		721		552		168		254		3		(100	%)		(99	%)
Other		53		119		111		127		58		9	%		(54	%)
Subtotal		1,008		909		535		561		309		(69	%)		(45	%)
Mutual funds		583		383		282		309		342		(41	%)		11	%
Total Institutional		1,591		1,292		817		870		651		(59	%)		(25	%)
Private Placement Life Insurance
Corporate owned		57		64		17		45		7		(88	%)		(84	%)
Private clients		13		22		16		13		22		69	%		69	%
Total Private Placement Life Insurance		70		86		33		58		29		(59	%)		(50	%)
Total Institutional Solutions Group	$	1,661	$	1,378	$	850	$	928	$	680		(59	%)		(27	%)

L - 29

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

											Year Over
											Year			Sequential
	March 31,		June 30,		Sept. 30,		Dec. 31,		March 31,		3 Month			3 Month
	2008		2008		2008		2008		2009		Change			Change
INSTITUTIONAL
General account [1]	$	20,197	$	20,593	$	19,923	$	19,771	$	21,007		4	%		6	%
Guaranteed separate account		412		402		384		393		371		(10	%)		(6	%)
Non-guaranteed separate account		4,675		4,551		4,189		3,917		3,576		(24	%)		(9	%)
Total Institutional account value		25,284		25,546		24,496		24,081		24,954		(1	%)		4	%
Mutual fund assets		3,489		3,844		3,325		2,578		2,416		(31	%)		(6	%)
Total Institutional Assets Under Management	$	28,773	$	29,390	$	27,821	$	26,659	$	27,370		(5	%)		3	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	5	$	5	$	6	$	46	$	45	NM				(2	%)
Non-guaranteed separate account		32,779		32,939		32,860		32,413		32,109		(2	%)		(1	%)
Total Private Placement Life Insurance account value		32,784		32,944		32,866		32,459		32,154		(2	%)		(1	%)
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account [1]	$	20,202	$	20,598	$	19,929	$	19,817	$	21,052		4	%		6	%
Guaranteed separate account		412		402		384		393		371		(10	%)		(6	%)
Non-guaranteed separate account		37,454		37,490		37,049		36,330		35,685		(5	%)		(2	%)
Total Institutional Solutions Group account value		58,068		58,490		57,362		56,540		57,108		(2	%)		1	%
Mutual fund assets		3,489		3,844		3,325		2,578		2,416		(31	%)		(6	%)
Total Institutional Solutions Group Assets Under Management	$	61,557	$	62,334	$	60,687	$	59,118	$	59,524		(3	%)		1	%
BY PRODUCT
Institutional
Structured settlements	$	6,530	$	6,729	$	6,962	$	7,137	$	7,373		13	%		3	%
Institutional annuities		3,108		3,118		3,089		3,067		3,030		(3	%)		(1	%)
Guaranteed interest products [1]		10,644		10,741		9,760		9,353		10,338		(3	%)		11	%
Other		5,002		4,958		4,685		4,524		4,213		(16	%)		(7	%)
Total Institutional		25,284		25,546		24,496		24,081		24,954		(1	%)		4	%
Private Placement Life Insurance		32,784		32,944		32,866		32,459		32,154		(2	%)		(1	%)
Total Institutional Solutions Group account value		58,068		58,490		57,362		56,540		57,108		(2	%)		1	%
Institutional Mutual Fund Assets		3,489		3,844		3,325		2,578		2,416		(31	%)		(6	%)
Total Institutional Solutions Group Assets Under Management	$	61,557	$	62,334	$	60,687	$	59,118	$	59,524		(3	%)		1	%

[1] The March 31, 2009 balance includes approximately $1.5 billion related to an intrasegment funding agreement which is eliminated in consolidation.

L - 30

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

	THREE MONTHS ENDED
	March 31,			June 30,			Sept. 30,			Dec. 31,			March 31,
	2008			2008			2008			2008			2009
INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]
Beginning balance	$	25,103		$	25,284		$	25,546		$	24,496		$	24,081
Deposits		1,008			909			535			561			309
Surrenders		(695	)		(626	)		(1,294	)		(810	)		(631	)
Death benefits/annuity payouts		(160	)		(171	)		(201	)		(193	)		(192	)
Other Flows [4]		—			—			—			—			1,469
Net Flows		153			112			(960	)		(442	)		955
Change in market value/change in reserve/interest credited		28			150			(90	)		27			(83	)
Ending balance	$	25,284		$	25,546		$	24,496		$	24,081		$	24,954
INSTITUTIONAL MUTUAL FUND ASSETS [2]
Beginning balance	$	3,581		$	3,489		$	3,844		$	3,325		$	2,578
Deposits		583			383			282			309			342
Surrenders		(285	)		(201	)		(228	)		(243	)		(237	)
Net Flows		298			182			54			66			105
Change in market value/change in reserve/interest credited		(390	)		173			(573	)		(813	)		(267	)
Ending balance	$	3,489		$	3,844		$	3,325		$	2,578		$	2,416
PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]
Beginning balance	$	32,792		$	32,784		$	32,944		$	32,866		$	32,459
Deposits		70			86			33			58			29
Surrenders		(17	)		(20	)		(27	)		(2	)		(283	)
Death benefits/annuity payouts		(25	)		(47	)		(16	)		(17	)		(46	)
Net Flows		28			19			(10	)		39			(300	)
Change in market value/change in reserve/interest credited		18			197			(42	)		(419	)		52
Other [3]		(54	)		(56	)		(26	)		(27	)		(57	)
Ending balance	$	32,784		$	32,944		$	32,866		$	32,459		$	32,154
INSTITUTIONAL SOLUTIONS GROUP
Beginning balance	$	61,476		$	61,557		$	62,334		$	60,687		$	59,118
Deposits		1,661			1,378			850			928			680
Surrenders		(997	)		(847	)		(1,549	)		(1,055	)		(1,151	)
Death benefits/annuity payouts		(185	)		(218	)		(217	)		(210	)		(238	)
Other Flows [4]		—			—			—			—			1,469
Net Flows		479			313			(916	)		(337	)		760
Change in market value/change in reserve/interest credited		(344	)		520			(705	)		(1,205	)		(298	)
Other [3]		(54	)		(56	)		(26	)		(27	)		(57	)
Ending balance	$	61,557		$	62,334		$	60,687		$	59,118		$	59,524

[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]	This flow is related to an intrasegment funding agreement which is eliminated in consolidation.

L - 31

PROPERTY & CASUALTY

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,586		$	2,585		$	2,593		$	2,467		$	2,459			(5	%)		—
Earned premiums		2,614			2,586			2,568			2,570			2,511			(4	%)		(2	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		105			18			(45	)		202			75			(29	%)		(63	%)
Small Commercial		119			69			82			167			87			(27	%)		(48	%)
Middle Market		55			3			(37	)		148			69			25	%		(53	%)
Specialty Commercial		39			18			(44	)		58			23			(41	%)		(60	%)
Ongoing Operations underwriting results		318			108			(44	)		575			254			(20	%)		(56	%)
Other Operations [1]		(19	)		(58	)		(61	)		(7	)		(5	)		74	%		29	%
Total Property & Casualty underwriting results	$	299		$	50		$	(105	)	$	568		$	249			(17	%)		(56	%)
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		62.2			63.4			63.8			58.0			63.0			(0.8	)		(5.0	)
Current accident year catastrophes [3]		1.9			6.6			12.7			(0.1	)		2.6			(0.7	)		(2.7	)
Prior accident years [4]		(2.0	)		(1.5	)		(2.8	)		(7.6	)		(2.7	)		0.7			(4.9	)
Total losses and loss adjustment expenses		62.2			68.5			73.7			50.3			62.8			(0.6	)		(12.5	)
Expenses [5]		25.5			26.5			27.3			27.1			26.8			(1.3	)		0.3
Policyholder dividends [6]		0.2			0.8			0.7			0.2			0.2			—			—
Combined ratio		87.8			95.8			101.7			77.6			89.9			(2.1	)		(12.3	)
Catastrophes
Current year		1.9			6.6			12.7			(0.1	)		2.6			(0.7	)		(2.7	)
Prior year		(0.4	)		—			(0.2	)		(0.2	)		0.2			(0.6	)		(0.4	)
Catastrophe ratio		1.5			6.6			12.5			(0.4	)		2.8			(1.3	)		(3.2	)
Combined ratio before catastrophes		86.4			89.2			89.2			78.0			87.1			(0.7	)		(9.1	)
Combined ratio before catastrophes and prior year development		87.9			90.7			91.8			85.3			90.0			(2.1	)		(4.7	)
Total Property & Casualty Income and ROE
Net income (loss)	$	326		$	249		$	(774	)	$	291		$	112			(66	%)		(62	%)
Core earnings	$	426		$	283		$	156		$	452		$	321			(25	%)		(29	%)
Core earnings ROE (rolling 12 months income)
Ongoing Operations		22.7	%		20.0	%		18.1	%		17.1	%		16.0	%		(6.7	)		(1.1	)
Other Operations		4.6	%		10.7	%		7.9	%		5.7	%		6.1	%		1.5			0.4
Total Property & Casualty		21.1	%		19.2	%		17.2	%		16.2	%		15.2	%		(5.9	)		(1.0	)

	PROPERTY & CASUALTY
	Dec. 31,		Mar. 31,
	2008		2009		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	6.0	$	6.1	$	0.1
Total Property and Casualty premium to adjusted surplus ratio		1.7		1.7		—

[1]	The three months ended June 30, 2008 included net asbestos reserve strengthening of $50. The three months ended September 30, 2008 included environmental reserve strengthening of $53.
[2]	The three months ended June 30, 2008 included current accident year reserve strengthening, totaling 0.3 points, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release, totaling 0.4 points, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release, totaling 3.7 points, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[3]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[5]	The three months ended September 30, 2008 included an assessment from the Texas Windstorm Insurance Association (TWIA) totaling 0.8 points, primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment totaling 0.6 points.
[6]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of 0.6 points and 0.4 points, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.

PC-1

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,586		$	2,585		$	2,593		$	2,467		$	2,459			(5	%)		—
Change in unearned premium reserve		(28	)		(1	)		25			(103	)		(52	)		(86	%)		50	%
Earned premiums		2,614			2,586			2,568			2,570			2,511			(4	%)		(2	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,625			1,639			1,638			1,488			1,581			(3	%)		6	%
Current accident year catastrophes [2]		50			171			325			(3	)		65			30	%	NM
Prior accident years [3]		(36	)		16			(14	)		(192	)		(68	)		(89	%)		65	%
Total losses and loss adjustment expenses		1,639			1,826			1,949			1,293			1,578			(4	%)		22	%
Underwriting expenses [4]		671			690			707			704			679			1	%		(4	%)
Dividends to policyholders [5]		5			20			17			5			5			—			—
Underwriting results		299			50			(105	)		568			249			(17	%)		(56	%)
Net servicing income		(1	)		8			14			10			8		NM				(20	%)
Net investment income [6]		365			391			335			162			225			(38	%)		39	%
Periodic net coupon settlements on credit derivatives, before-tax		2			1			2			(3	)		(3	)	NM				—
Other expenses		(59	)		(65	)		(57	)		(41	)		(49	)		17	%		(20	%)
Income tax expense		(180	)		(102	)		(33	)		(244	)		(109	)		39	%		55	%
Core earnings		426			283			156			452			321			(25	%)		(29	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(100	)		(34	)		(930	)		(161	)		(209	)		(109	%)		(30	%)
Net income (loss)	$	326		$	249		$	(774	)	$	291		$	112			(66	%)		(62	%)
Total Property & Casualty effective tax rate — net income		27.9	%		25.1	%		37.6	%		35.7	%		(2.1	%)		(30.0	)		(37.8	)
Total Property & Casualty effective tax rate — core earnings		29.7	%		26.4	%		17.6	%		35.1	%		25.2	%		(4.5	)		(9.9	)

[1]	The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	The decrease in net investment income for the three months ended December 31, 2008 and March 31, 2009 was primarily driven by losses on limited partnerships and other alternative investments, and lower asset levels on taxable fixed maturities, and for the three months ended March 31, 2009 only, lower yields on taxable fixed maturities.

PC-2

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,584		$	2,583		$	2,592		$	2,465		$	2,458			(5	%)		—
Change in unearned premium reserve		(29	)		(1	)		25			(102	)		(53	)		(83	%)		48	%
Earned premiums		2,613			2,584			2,567			2,567			2,511			(4	%)		(2	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,625			1,639			1,638			1,488			1,581			(3	%)		6	%
Current accident year catastrophes [2]		50			171			325			(3	)		65			30	%	NM
Prior accident years [3]		(51	)		(39	)		(70	)		(195	)		(68	)		(33	%)		65	%
Total losses and loss adjustment expenses		1,624			1,771			1,893			1,290			1,578			(3	%)		22	%
Underwriting expenses [4]		666			685			701			697			674			1	%		(3	%)
Dividends to policyholders [5]		5			20			17			5			5			—			—
Underwriting results		318			108			(44	)		575			254			(20	%)		(56	%)
Net servicing income		(1	)		8			14			10			8		NM				(20	%)
Net investment income [6]		310			334			285			127			185			(40	%)		46	%
Periodic net coupon settlements on credit derivatives, before-tax		2			1			2			(3	)		(3	)	NM				—
Other expenses		(57	)		(65	)		(58	)		(39	)		(50	)		12	%		(28	%)
Income tax expense		(172	)		(105	)		(39	)		(236	)		(97	)		44	%		59	%
Core earnings		400			281			160			434			297			(26	%)		(32	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(88	)		(35	)		(826	)		(137	)		(186	)		(111	%)		(36	%)
Net income (loss)	$	312		$	246		$	(666	)	$	297		$	111			(64	%)		(63	%)
Ongoing Operations effective tax rate — net income		28.4	%		26.0	%		37.8	%		35.4	%		(2.5	%)		(30.9	)		(37.9	)
Ongoing Operations effective tax rate — core earnings		30.0	%		27.3	%		19.8	%		35.3	%		24.8	%		(5.2	)		(10.5	)

[1]	The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release of $9, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	The decrease in net investment income for the three months ended December 31, 2008 and March 31, 2009 was primarily driven by losses on limited partnerships and other alternative investments, and lower asset levels on taxable fixed maturities, and for the three months ended March 31, 2009 only, lower yields on taxable fixed maturities.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED MARCH 31, 2009

	Personal			Small		Middle			Specialty			Ongoing
	Lines			Commercial		Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	944		$	693	$	526		$	295		$	2,458
Change in unearned premium reserve		(35	)		41		(22	)		(37	)		(53	)
Earned premiums		979			652		548			332			2,511
Losses and loss adjustment expenses
Current accident year before catastrophes		627			362		359			233			1,581
Current accident year catastrophes		42			6		16			1			65
Prior accident years		10			5		(58	)		(25	)		(68	)
Total losses and loss adjustment expenses		679			373		317			209			1,578
Underwriting expenses		225			191		160			98			674
Dividends to policyholders		—			1		2			2			5
Underwriting results	$	75		$	87	$	69		$	23		$	254
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		64.1			55.5		65.5			70.3			63.0
Current accident year catastrophes		4.3			1.0		2.8			0.1			2.6
Prior accident years [1]		1.1			0.8		(10.5	)		(7.9	)		(2.7	)
Total losses and loss adjustment expenses		69.4			57.3		57.8			62.6			62.8
Expenses		23.0			29.3		29.3			29.5			26.8
Policyholder dividends		—			0.1		0.4			0.7			0.2
Combined ratio		92.4			86.6		87.5			92.8			89.9
Catastrophes
Current year		4.3			1.0		2.8			0.1			2.6
Prior year		1.1			0.1		(1.0	)		(0.2	)		0.2
Catastrophe ratio		5.4			1.1		1.8			(0.1	)		2.8
Combined ratio before catastrophes		87.0			85.5		85.7			92.9			87.1
Combined ratio before catastrophes and prior year development		87.0			84.8		95.2			100.5			90.0

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

PC-4

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
UNDERWRITING RESULTS
Written premiums	$	2,584		$	2,583		$	2,592		$	2,465		$	2,458			(5	%)		—
Change in unearned premium reserve		(29	)		(1	)		25			(102	)		(53	)		(83	%)		48	%
Earned premiums		2,613			2,584			2,567			2,567			2,511			(4	%)		(2	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,625			1,639			1,638			1,488			1,581			(3	%)		6	%
Current accident year catastrophes [2]		50			171			325			(3	)		65			30	%	NM
Prior accident years [3]		(51	)		(39	)		(70	)		(195	)		(68	)		(33	%)		65	%
Total losses and loss adjustment expenses		1,624			1,771			1,893			1,290			1,578			(3	%)		22	%
Underwriting expenses [4]		666			685			701			697			674			1	%		(3	%)
Dividends to policyholders [5]		5			20			17			5			5			—			—
Underwriting results	$	318		$	108		$	(44	)	$	575		$	254			(20	%)		(56	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		62.2			63.4			63.8			58.0			63.0			(0.8	)		(5.0	)
Current accident year catastrophes [2]		1.9			6.6			12.7			(0.1	)		2.6			(0.7	)		(2.7	)
Prior accident years [3] [6]		(2.0	)		(1.5	)		(2.8	)		(7.6	)		(2.7	)		0.7			(4.9	)
Total losses and loss adjustment expenses		62.2			68.5			73.7			50.3			62.8			(0.6	)		(12.5	)
Expenses		25.5			26.5			27.3			27.1			26.8			(1.3	)		0.3
Policyholder dividends		0.2			0.8			0.7			0.2			0.2			—			—
Combined ratio		87.8			95.8			101.7			77.6			89.9			(2.1	)		(12.3	)
Catastrophes
Current year		1.9			6.6			12.7			(0.1	)		2.6			(0.7	)		(2.7	)
Prior year		(0.4	)		—			(0.2	)		(0.2	)		0.2			(0.6	)		(0.4	)
Catastrophe ratio		1.5			6.6			12.5			(0.4	)		2.8			(1.3	)		(3.2	)
Combined ratio before catastrophes		86.4			89.2			89.2			78.0			87.1			(0.7	)		(9.1	)
Combined ratio before catastrophes and prior year development		87.9			90.7			91.8			85.3			90.0			(2.1	)		(4.7	)

[1]	The three months ended June 30, 2008 included a current accident year reserve strengthening, totaling $7, or 0.3 points, primarily related to liability claims under Small Commercial package business. The three months ended September 30, 2008 included a current accident year reserve release, totaling $9, or 0.4 points, related to Personal Lines auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release, totaling $95, or 3.7 points, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-5

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

															Year Over
	THREE MONTHS ENDED														Year			Sequential
	Mar. 31,			Jun. 30,		Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008		2008			2008			2009			Change			Change
UNDERWRITING RESULTS
Written premiums	$	936		$	1,029	$	1,024		$	936		$	944			1	%		1	%
Change in unearned premium reserve		(47	)		49		46			(49	)		(35	)		26	%		29	%
Earned premiums		983			980		978			985			979			—			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		635			645		634			628			627			(1	%)		—
Current accident year catastrophes [2]		30			97		168			(37	)		42			40	%	NM
Prior accident years [3]		(8	)		1		(9	)		(35	)		10		NM			NM
Total losses and loss adjustment expenses		657			743		793			556			679			3	%		22	%
Underwriting expenses [4]		221			219		230			227			225			2	%		(1	%)
Underwriting results	$	105		$	18	$	(45	)	$	202		$	75			(29	%)		(63	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		64.6			65.9		64.7			63.8			64.1			0.5			(0.3	)
Current accident year catastrophes [2]		3.1			9.8		17.2			(3.8	)		4.3			(1.2	)		(8.1	)
Prior accident years [3] [5]		(0.8	)		—		(0.9	)		(3.5	)		1.1			(1.9	)		(4.6	)
Total losses and loss adjustment expenses		66.9			75.8		81.1			56.5			69.4			(2.5	)		(12.9	)
Expenses		22.4			22.4		23.5			23.0			23.0			(0.6	)		—
Combined ratio		89.4			98.1		104.6			79.5			92.4			(3.0	)		(12.9	)
Catastrophes
Current year		3.1			9.8		17.2			(3.8	)		4.3			(1.2	)		(8.1	)
Prior year		(0.7	)		0.3		0.8			0.3			1.1			(1.8	)		(0.8	)
Catastrophe ratio		2.5			10.1		18.1			(3.5	)		5.4			(2.9	)		(8.9	)
Combined ratio before catastrophes		86.9			88.0		86.5			82.9			87.0			(0.1	)		(4.1	)
Combined ratio before catastrophes and prior year development		87.0			88.3		88.3			86.8			87.0			—			(0.2	)
COMBINED RATIO
Automobile		92.6			94.3		90.5			86.5			89.3			3.3			(2.8	)
Homeowners		81.1			107.9		141.2			61.7			100.3			(19.2	)		(38.6	)
Total		89.4			98.1		104.6			79.5			92.4			(3.0	)		(12.9	)

[1]	The three months ended September 30, 2008 included a current accident year reserve release of $9, or 1.0 point, related to auto liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $33, or 3.4 points, primarily related to auto liability claims.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike. The estimate of hurricane Ike losses was reduced by $42 during the fourth quarter of 2008.
[3]	The three months ended December 31, 2008 included $38 of reserve releases related to auto liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $10 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $7.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-6

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	662		$	741		$	741		$	669		$	681			3	%		2	%
Agency		258			271			269			252			249			(3	%)		(1	%)
Other		16			17			14			15			14			(13	%)		(7	%)
Total	$	936		$	1,029		$	1,024		$	936		$	944			1	%		1	%
EARNED PREMIUMS [1]
AARP	$	687		$	691		$	695		$	705		$	703			2	%		—
Agency		277			273			266			264			261			(6	%)		(1	%)
Other		19			16			17			16			15			(21	%)		(6	%)
Total	$	983		$	980		$	978		$	985		$	979			—			(1	%)
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	698		$	729		$	726		$	676		$	707			1	%		5	%
Homeowners		238			300			298			260			237			—			(9	%)
Total	$	936		$	1,029		$	1,024		$	936		$	944			1	%		1	%
EARNED PREMIUMS [1]
Automobile	$	706		$	707		$	707		$	704		$	704			—			—
Homeowners		277			273			271			281			275			(1	%)		(2	%)
Total	$	983		$	980		$	978		$	985		$	979			—			(1	%)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases) [2]
Automobile		4	%		4	%		4	%		3	%		3	%		(1	%)		—
Homeowners		5	%		6	%		6	%		6	%		6	%		1	%		—
Premium Retention
Automobile		88	%		87	%		86	%		86	%		85	%		(3	%)		(1	%)
Homeowners		88	%		91	%		90	%		88	%		88	%		—			—
New Business Premium $
Automobile	$	84		$	87		$	97		$	96		$	115			37	%		20	%
Homeowners	$	24		$	27		$	29		$	26		$	31			29	%		19	%
Policies in force
Automobile		2,339,871			2,326,188			2,324,124			2,323,882			2,347,967			—			1	%
Homeowners		1,477,335			1,471,920			1,465,907			1,455,954			1,460,172			(1	%)		—

[1]	The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.
[2]	For all periods presented, the written pricing metric was changed in the first quarter of 2009 to exclude the impact of changes in business mix on average policy premium.

PC-7

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
UNDERWRITING RESULTS
Written premiums	$	743		$	679		$	652		$	622		$	693			(7	%)		11	%
Change in unearned premium reserve		56			(4	)		(26	)		(54	)		41			(27	%)	NM
Earned premiums		687			683			678			676			652			(5	%)		(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		370			380			380			317			362			(2	%)		14	%
Current accident year catastrophes [2]		9			35			49			29			6			(33	%)		(79	%)
Prior accident years [3]		(2	)		(2	)		(46	)		(39	)		5		NM			NM
Total losses and loss adjustment expenses		377			413			383			307			373			(1	%)		21	%
Underwriting expenses [4]		190			198			204			201			191			1	%		(5	%)
Dividends to policyholders [5]		1			3			9			1			1			—			—
Underwriting results	$	119		$	69		$	82		$	167		$	87			(27	%)		(48	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		53.8			55.5			56.3			46.8			55.5			(1.7	)		(8.7	)
Current accident year catastrophes [2]		1.3			5.2			7.0			4.4			1.0			0.3			3.4
Prior accident years [3] [6]		(0.3	)		(0.3	)		(6.8	)		(5.8	)		0.8			(1.1	)		(6.6	)
Total losses and loss adjustment expenses		54.8			60.4			56.5			45.4			57.3			(2.5	)		(11.9	)
Expenses		27.7			29.0			30.1			29.7			29.3			(1.6	)		0.4
Policyholder dividends		0.2			0.5			1.3			0.2			0.1			0.1			0.1
Combined ratio		82.7			89.8			87.9			75.4			86.6			(3.9	)		(11.2	)
Catastrophes
Current year		1.3			5.2			7.0			4.4			1.0			0.3			3.4
Prior year		—			0.1			(0.5	)		—			0.1			(0.1	)		(0.1	)
Catastrophe ratio		1.3			5.3			6.5			4.4			1.1			0.2			3.3
Combined ratio before catastrophes		81.3			84.5			81.4			71.0			85.5			(4.2	)		(14.5	)
Combined ratio before catastrophes and prior year development		81.7			84.9			87.7			76.8			84.8			(3.1	)		(8.0	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(2	%)		(3	%)		(2	%)		1	%		—			2	%		(1	%)
Premium Retention		83	%		81	%		83	%		81	%		79	%		(4	%)		(2	%)
New Business Premium $	$	127		$	117		$	105		$	97		$	119			(6	%)		23	%
Policies in force		1,048,057			1,057,058			1,062,291			1,055,463			1,053,568			1	%		—

[1]	The three months ended June 30, 2008 included current accident year reserve strengthening, totaling $7, or 1.0 point, primarily related to liability claims under package business. The three months ended December 31, 2008 included a current accident year reserve release, totaling $30, or 4.4 points, primarily related to workers’ compensation business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike. The estimate of hurricane Ike losses was increased by $31 during the fourth quarter of 2008.
[3]	The three months ended September 30, 2008 and December 31, 2008 included reserve releases of $33 and $20, respectively, related to workers’ compensation business.
[4]	The three months ended September 30, 2008 included an assessment of $7 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $5.
[5]	Included in policyholder dividends for the three months ended September 30, 2008 was a $6 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-8

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
UNDERWRITING RESULTS
Written premiums	$	565		$	529		$	571		$	577		$	526			(7	%)		(9	%)
Change in unearned premium reserve		(28	)		(46	)		2			15			(22	)		21	%	NM
Earned premiums		593			575			569			562			548			(8	%)		(2	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		380			377			389			314			359			(6	%)		14	%
Current accident year catastrophes [2]		9			33			64			10			16			78	%		60	%
Prior accident years [3]		(16	)		(21	)		(18	)		(79	)		(58	)	NM				27	%
Total losses and loss adjustment expenses		373			389			435			245			317			(15	%)		29	%
Underwriting expenses [4]		163			170			167			167			160			(2	%)		(4	%)
Dividends to policyholders [5]		2			13			4			2			2			—			—
Underwriting results	$	55		$	3		$	(37	)	$	148		$	69			25	%		(53	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		64.1			65.7			68.1			56.0			65.5			(1.4	)		(9.5	)
Current accident year catastrophes [2]		1.6			5.7			11.2			1.8			2.8			(1.2	)		(1.0	)
Prior accident years [3] [6]		(2.6	)		(3.7	)		(3.2	)		(14.1	)		(10.5	)		7.9			(3.6	)
Total losses and loss adjustment expenses		63.0			67.7			76.1			43.7			57.8			5.2			(14.1	)
Expenses		27.5			29.4			29.6			29.7			29.3			(1.8	)		0.4
Policyholder dividends		0.3			2.3			0.7			0.3			0.4			(0.1	)		(0.1	)
Combined ratio		90.8			99.4			106.4			73.7			87.5			3.3			(13.8	)
Catastrophes
Current year		1.6			5.7			11.2			1.8			2.8			(1.2	)		(1.0	)
Prior year		0.3			(0.4	)		(1.1	)		(0.8	)		(1.0	)		1.3			0.2
Catastrophe ratio		1.8			5.3			10.1			1.1			1.8			—			(0.7	)
Combined ratio before catastrophes		89.0			94.1			96.3			72.7			85.7			3.3			(13.0	)
Combined ratio before catastrophes and prior year development		91.9			97.4			98.4			86.0			95.2			(3.3	)		(9.2	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(6	%)		(7	%)		(5	%)		(3	%)		(2	%)		4	%		1	%
Premium Retention		78	%		77	%		78	%		77	%		75	%		(3	%)		(2	%)
New Business Premium $	$	105		$	101		$	111		$	103		$	115			10	%		12	%
Policies in force		89,179			90,212			90,796			90,478			90,463			1	%		—

[1]	The three months ended December 31, 2008 included a current accident year reserve release, totaling $28, or 5.1 points, primarily related to workers’ compensation business.
[2]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[3]	The three months ended December 31, 2008 included net reserve releases of $48 related to general liability claims and reserve releases of $30 related to workers’ compensation business. The three months ended March 31, 2009 included reserve releases of $38 related to general liability claims.
[4]	The three months ended September 30, 2008 included an assessment of $3 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $2.
[5]	Included in policyholder dividends for the three months ended June 30, 2008 was an $11 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[6]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-9

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
UNDERWRITING RESULTS
Written premiums [1]	$	340		$	346		$	345		$	330		$	295			(13	%)		(11	%)
Change in unearned premium reserve		(10	)		—			3			(14	)		(37	)	NM				(164	%)
Earned premiums		350			346			342			344			332			(5	%)		(3	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		240			237			235			229			233			(3	%)		2	%
Current accident year catastrophes [3]		2			6			44			(5	)		1			(50	%)	NM
Prior accident years [4]		(25	)		(17	)		3			(42	)		(25	)		—			40	%
Total losses and loss adjustment expenses		217			226			282			182			209			(4	%)		15	%
Underwriting expenses		92			98			100			102			98			7	%		(4	%)
Dividends to policyholders		2			4			4			2			2			—			—
Underwriting results	$	39		$	18		$	(44	)	$	58		$	23			(41	%)		(60	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		68.7			68.4			68.7			66.4			70.3			(1.6	)		(3.9	)
Current accident year catastrophes [3]		0.3			1.9			13.2			(1.7	)		0.1			0.2			(1.8	)
Prior accident years [4] [5]		(7.2	)		(4.6	)		0.6			(12.0	)		(7.9	)		0.7			(4.1	)
Total losses and loss adjustment expenses		61.7			65.7			82.5			52.7			62.6			(0.9	)		(9.9	)
Expenses		26.3			28.4			29.0			29.7			29.5			(3.2	)		0.2
Policyholder dividends		0.5			1.1			1.3			0.5			0.7			(0.2	)		(0.2	)
Combined ratio		88.6			95.2			112.8			83.0			92.8			(4.2	)		(9.8	)
Catastrophes
Current year		0.3			1.9			13.2			(1.7	)		0.1			0.2			(1.8	)
Prior year		(1.9	)		(0.5	)		(0.8	)		(1.5	)		(0.2	)		(1.7	)		(1.3	)
Catastrophe ratio		(1.6	)		1.4			12.4			(3.2	)		(0.1	)		(1.5	)		(3.1	)
Combined ratio before catastrophes		90.2			93.8			100.4			86.1			92.9			(2.7	)		(6.8	)
Combined ratio before catastrophes and prior year development		95.5			97.9			99.0			96.7			100.5			(5.0	)		(3.8	)

[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 three months ended March 31, 2009.
[2]	The three months ended December 31, 2008 included a current accident year reserve release, totaling $3, or 0.9 points, primarily related to programs business.
[3]	Catastrophe losses for the three months ended September 30, 2008 included losses from hurricane Ike.
[4]	The three months ended December 31, 2008 and March 31, 2009 included reserve releases of $30 and $20, respectively, related to professional liability claims.
[5]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-10

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

												Year Over
	THREE MONTHS ENDED											Year			Sequential
	Mar. 31,		Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,			3 Month			3 Month
	2008		2008		2008		2008		2009			Change			Change
WRITTEN PREMIUMS [1]
Property [2]	$	7	$	14	$	14	$	15	$	(16	)	NM			NM
Casualty		159		135		134		110		150			(6	%)		36	%
Professional Liability, Fidelity and Surety		152		176		178		185		143			(6	%)		(23	%)
Other		22		21		19		20		18			(18	%)		(10	%)
Total	$	340	$	346	$	345	$	330	$	295			(13	%)		(11	%)
EARNED PREMIUMS [1]
Property	$	27	$	24	$	19	$	17	$	13			(52	%)		(24	%)
Casualty		132		132		131		131		130			(2	%)		(1	%)
Professional Liability, Fidelity and Surety		170		169		173		173		171			1	%		(1	%)
Other		21		21		19		23		18			(14	%)		(22	%)
Total	$	350	$	346	$	342	$	344	$	332			(5	%)		(3	%)

[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 three months ended March 31, 2009.

PC-11

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
UNDERWRITING RESULTS
Written premiums	$	2		$	2		$	1		$	2		$	1			(50	%)		(50	%)
Change in unearned premium reserve		1			—			—			(1	)		1			—		NM
Earned premiums		1			2			1			3			—			(100	%)		(100	%)
Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—
Prior accident years [1]		15			55			56			3			—			(100	%)		(100	%)
Total losses and loss adjustment expenses		15			55			56			3			—			(100	%)		(100	%)
Underwriting expenses		5			5			6			7			5			—			(29	%)
Underwriting results	$	(19	)	$	(58	)	$	(61	)	$	(7	)	$	(5	)		74	%		29	%
Net investment income		55			57			50			35			40			(27	%)		14	%
Other expenses		(2	)		—			1			(2	)		1		NM			NM
Income tax (expense) benefit		(8	)		3			6			(8	)		(12	)		(50	%)		(50	%)
Core earnings		26			2			(4	)		18			24			(8	%)		33	%
Add: Net realized capital (losses) gains, after-tax		(12	)		1			(104	)		(24	)		(23	)		(92	%)		4	%
Net income (loss)	$	14		$	3		$	(108	)	$	(6	)	$	1			(93	%)	NM

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

PC-12

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

For the Three Months Ended March 31, 2009	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,884		$	269		$	1,628		$	3,781
Losses and loss adjustment expenses incurred		—			—			—			—
Losses and loss adjustment expenses paid		(39	)		(8	)		(63	)		(110	)
Ending liability — net [2] [3]	$	1,845 [4]		$	261		$	1,565		$	3,671

[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 $12 and $6, respectively, as of March 31, 2009 and $12 and $6, respectively, as of December 31, 2008. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three months ended March 31, 2009 includes $6 related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three months ended March 31, 2009 includes $6 related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,453 and $301, respectively, as of March 31, 2009, and $2,498 and $309, respectively, as of December 31, 2008.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $180 and $273, respectively, resulting in a one year net survival ratio of 10.3 and a three year net survival ratio of 6.8. 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-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 March 31, 2009	Losses & LAE			Losses & LAE		Losses & LAE			Losses & LAE
Gross
Direct	$	36		$	—	$	7		$	—
Assumed — Domestic		4			—		1			—
London Market		5			—		1			—
Total		45			—		9			—
Ceded		(6	)		—		(1	)		—
Net	$	39		$	—	$	8		$	—

[1] Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three months ended March 31, 2009 includes $6 related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three months ended March 31, 2009 includes $5 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 March 31, 2009
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 — gross	$	2,052		$	3,572		$	4,744		$	6,981		$	17,349		$	4,584		$	21,933
Reinsurance and other recoverables		60			176			437			2,110			2,783			803			3,586
Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 — net		1,992			3,396			4,307			4,871			14,566			3,781			18,347
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		627			362			359			233			1,581			—			1,581
Current accident year catastrophes		42			6			16			1			65			—			65
Prior accident years		10			5			(58	)		(25	)		(68	)		—			(68	)
Total provision for unpaid losses and loss adjustment expenses		679			373			317			209			1,578			—			1,578
Payments		(705	)		(349	)		(343	)		(156	)		(1,553	)		(110	)		(1,663	)
Liabilities for unpaid losses and loss adjustment expenses at 3/31/09 — net		1,966			3,420			4,281			4,924			14,591			3,671			18,262
Reinsurance and other recoverables		58			170			458			2,063			2,749			793			3,542
Liabilities for unpaid losses and loss adjustment expenses at 3/31/09 — gross	$	2,024		$	3,590		$	4,739		$	6,987		$	17,340		$	4,464		$	21,804
Earned premiums	$	979		$	652		$	548		$	332		$	2,511		$	—		$	2,511
Loss and loss expense paid ratio		72.1			53.6			62.7			46.3			61.8
Loss and loss expense incurred ratio		69.4			57.3			57.8			62.6			62.8
Prior accident year development (pts.)		1.1			0.8			(10.5	)		(7.9	)		(2.7	)

PC-15

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

	March 31,			December 31,
	2009			2008
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	264		$	326
Unpaid Loss and Loss Adjustment Expenses		3,458			3,492
Subtotal Gross Reinsurance Recoverables		3,722			3,818
Less: Allowance for Uncollectible Reinsurance		(385	)		(379	)
Net Reinsurance Recoverables	$	3,337		$	3,439

	As of December 31, 2008
	Amount			% of Total
Distribution of Gross Reinsurance Recoverables
Gross Reinsurance Recoverables	$	3,818
Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(638	)
Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	3,180
Rated A- (Excellent) or better by A.M. Best [1]	$	2,426			76.3	%
Other Rated by A.M. Best		52			1.6	%
Total Rated Companies		2,478			77.9	%
Voluntary Pools		181			5.7	%
Captives		220			6.9	%
Other Not Rated Companies		301			9.5	%
Total	$	3,180			100.0	%

[1] Based on A.M. Best ratings as of December 31, 2008.

PC-16

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Earned premiums	$	2,614		$	2,586		$	2,568		$	2,570		$	2,511			(4	%)		(2	%)
Net investment income [1]		365			391			335			162			225			(38	%)		39	%
Other revenues		120			125			132			127			118			(2	%)		(7	%)
Net realized capital losses		(152	)		(51	)		(1,428	)		(246	)		(323	)		(113	%)		(31	%)
Total revenues		2,947			3,051			1,607			2,613			2,531			(14	%)		(3	%)
Losses and loss adjustment expenses [2]		1,639			1,826			1,949			1,293			1,578			(4	%)		22	%
Amortization of deferred policy acquisition costs		523			521			523			528			523			—			(1	%)
Insurance operating costs and expenses [3]		153			189			201			181			161			5	%		(11	%)
Other expenses		180			182			175			158			159			(12	%)		1	%
Total benefits and expenses		2,495			2,718			2,848			2,160			2,421			(3	%)		12	%
Income (loss) before income taxes		452			333			(1,241	)		453			110			(76	%)		(76	%)
Income tax expense (benefit)		126			84			(467	)		162			(2	)	NM			NM
Net income (loss)		326			249			(774	)		291			112			(66	%)		(62	%)
Less: Net realized capital losses, after-tax, excluded from core earnings		(100	)		(34	)		(930	)		(161	)		(209	)		(109	%)		(30	%)
Core earnings	$	426		$	283		$	156		$	452		$	321			(25	%)		(29	%)
Total Property & Casualty effective tax rate — net income		27.9	%		25.1	%		37.6	%		35.7	%		(2.1	%)		(30.0	)		(37.8	)
Total Property & Casualty effective tax rate — core earnings		29.7	%		26.4	%		17.6	%		35.1	%		25.2	%		(4.5	)		(9.9	)

[1]	The decrease in net investment income for the three months ended December 31, 2008 and March 31, 2009 was primarily driven by losses on limited partnerships and other alternative investments, and lower asset levels on taxable fixed maturities, and for the three months ended March 31, 2009 only, lower yields on taxable fixed maturities.
[2]	The three months ended September 30, 2008 included catastophe losses from hurricane Ike. The three months ended December 31, 2008 included $50 of net reserve releases related to Small Commercial and Middle Market workers’ compensation claims, $48 of reserve releases related to Middle Market general liability claims, $38 of reserve releases related to Personal Lines auto liability claims and $30 of reserve releases related to professional liability claims. The three months ended December 31, 2008 included a current accident year reserve release of $95, primarily related to Personal Lines auto liability claims and Small Commercial and Middle Market workers’ compensation claims. The three months ended March 31, 2009 included $38 of reserve releases related to Middle Market general liability claims, $23 of reserve releases related to Small Commercial and Middle Market workers’ compensation claims and $20 of reserve releases related to professional liability claims.
[3]	Included in insurance operating costs and expenses for the three months ended June 30, 2008 and September 30, 2008 were increases of $15 and $11, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits. The three months ended September 30, 2008 included an assessment of $20 from the Texas Windstorm Insurance Association (TWIA), primarily related to hurricane Ike. The three months ended March 31, 2009 included a reduction to the TWIA assessment of $14.

PC-17

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

	AS OF															Year Over
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Year			Sequential
	2008			2008			2008			2008			2009			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	25,683		$	25,234		$	23,727		$	19,775		$	20,040			(22	%)		1	%
Equity securities, available for sale, at fair value		1,162			1,327			741			674			482			(59	%)		(28	%)
Mortgage loans		682			747			762			785			756			11	%		(4	%)
Limited partnerships and other alternative investments [1]		1,290			1,398			1,407			1,166			1,026			(20	%)		(12	%)
Other investments		58			58			62			207			173			198	%		(16	%)
Short term investments		711			1,073			827			1,597			1,266			78	%		(21	%)
Total investments		29,586			29,837			27,526			24,204			23,743			(20	%)		(2	%)
Cash		232			241			278			162			247			6	%		52	%
Premiums receivable and agents’ balances		3,281			3,233			3,237			3,197			3,161			(4	%)		(1	%)
Reinsurance recoverables		3,611			3,613			3,572			3,439			3,337			(8	%)		(3	%)
Deferred policy acquisition costs		1,233			1,246			1,260			1,260			1,249			1	%		(1	%)
Deferred income tax		947			1,013			1,819			2,435			2,495			163	%		2	%
Goodwill		149			149			149			149			149			—			—
Property and equipment, net		601			639			658			675			668			11	%		(1	%)
Other assets		1,318			1,194			1,460			1,159			1,454			10	%		25	%
Total assets	$	40,958		$	41,165		$	39,959		$	36,680		$	36,503			(11	%)		—
Unpaid losses and loss adjustment expenses	$	22,150		$	22,315		$	22,605		$	21,933		$	21,804			(2	%)		(1	%)
Unearned premiums		5,388			5,372			5,363			5,244			5,231			(3	%)		—
Debt		11			—			—			—			—			(100	%)		—
Other liabilities		4,589			4,647			4,729			2,914			2,573			(44	%)		(12	%)
Total liabilities		32,138			32,334			32,697			30,091			29,608			(8	%)		(2	%)
Equity, x-AOCI, net of tax		9,372			9,536			8,364			8,675			8,887			(5	%)		2	%
AOCI, net of tax		(552	)		(705	)		(1,102	)		(2,086	)		(1,991	)	NM				5	%
The Hartford’s Property & Casualty stockholders’ equity		8,820			8,831			7,262			6,589			6,896			(22	%)		5	%
Noncontrolling interest		—			—			—			—			(1	)		—			—
Total Property & Casualty stockholders’ equity		8,820			8,831			7,262			6,589			6,895			(22	%)		5	%
Total liabilities and stockholders’ equity	$	40,958		$	41,165		$	39,959		$	36,680		$	36,503			(11	%)		—
Hartford Fire NAIC RBC											532	%

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

PC-18

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

	Mar. 31, 2009			Dec. 31, 2008
Adjusted Statutory Capital and Surplus	$	6,078		$	6,012
GAAP Adjustments
Deferred policy acquisition costs		1,249			1,260
Benefit reserves		(88	)		(90	)
GAAP unrealized losses on investments, net of tax		(2,003	)		(2,136	)
Goodwill		149			149
Non-admitted assets		1,783			1,754
Other, net		(272	)		(360	)
GAAP Stockholders’ Equity	$	6,896		$	6,589

PC-19

INVESTMENTS

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	992		$	936		$	949		$	878		$	828			(17	%)		(6	%)
Tax-exempt		142			141			141			131			125			(12	%)		(5	%)
Total fixed maturities		1,134			1,077			1,090			1,009			953			(16	%)		(6	%)
Equity securities, held for trading		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Equity securities, available-for-sale		46			51			34			36			27			(41	%)		(25	%)
Policy loans		33			34			34			38			36			9	%		(5	%)
Mortgage loans		79			83			82			89			79			—			(11	%)
Limited partnerships and other alternative investments [2]		(36	)		25			(101	)		(333	)		(209	)	NM				37	%
Other [3]		(44	)		(12	)		(10	)		(6	)		58		NM			NM
Subtotal		(2,366	)		2,411			(2,286	)		(3,667	)		220		NM			NM
Less: Investment expense		19			28			26			24			24			26	%		—
Total net investment income (loss)	$	(2,385	)	$	2,383		$	(2,312	)	$	(3,691	)	$	196		NM			NM
Less: Securities held for trading		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Total net investment income excluding trading securities	$	1,193		$	1,230		$	1,103		$	809		$	920			(23	%)		14	%
Annualized investment yield, before-tax [4]		5.2	%		5.3	%		4.7	%		3.3	%		3.7	%		(1.5	)		0.4
Annualized investment yield, after-tax [4]		3.6	%		3.6	%		3.2	%		2.2	%		2.6	%		(1.0	)		0.4
Net Realized Capital Gains (Losses)
Gross gains on sale	$	95		$	73		$	58		$	381		$	208			119	%		(45	%)
Gross losses on sale		(211	)		(59	)		(175	)		(411	)		(720	)	NM				(75	%)
Impairments		(304	)		(164	)		(3,077	)		(419	)		(224	)		26	%		47	%
Japanese fixed annuity contract hedges, net [5]		(14	)		(9	)		36			51			41		NM				(20	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(5	)		(10	)		(6	)		(12	)		(19	)	NM				(58	%)
SFAS 157 transition impact		(650	)		—			—			—			—			100	%		—
Results of variable annuity hedge program
GMWB derivatives, net [7]		(110	)		(13	)		(133	)		(457	)		589		NM			NM
Macro hedge		9			(4	)		24			45			204		NM			NM
Total results of variable annuity hedge program		(101	)		(17	)		(109	)		(412	)		793		NM			NM
Other net gain (loss) [8]		(181	)		(96	)		(176	)		6			5		NM				(17	%)
Total net realized capital gains (losses)	$	(1,371	)	$	(282	)	$	(3,449	)	$	(816	)	$	84		NM			NM

[1]	Includes income on short-term bonds.
[2]	Includes income on hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily represents income from derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities held for trading, collateral received associated with the securities lending program and consolidated variable interest entity 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 gain on GMWB derivatives, net for the three months ended March 31, 2009 was primarily related to liability model assumption updates for withdrawals, lapses, and credit standing.
[8]	Primarily consists of changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business which is offset in AOCI, valuation allowances for impaired mortgage loans 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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	723		$	679		$	686		$	644		$	615			(15	%)		(5	%)
Tax-exempt		32			32			32			30			30			(6	%)		—
Total fixed maturities		755			711			718			674			645			(15	%)		(4	%)
Equity securities, held for trading		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Equity securities, available-for-sale		25			31			17			23			15			(40	%)		(35	%)
Policy loans		33			34			34			38			36			9	%		(5	%)
Mortgage loans		69			74			71			79			70			1	%		(11	%)
Limited partnerships and other alternative investments [2]		(17	)		9			(59	)		(166	)		(115	)	NM				31	%
Other [3]		(32	)		(9	)		(3	)		8			56		NM			NM
Subtotal		(2,745	)		2,003			(2,637	)		(3,844	)		(17	)		99	%		100	%
Less: Investment expense		14			21			19			18			18			29	%		—
Total net investment income (loss)	$	(2,759	)	$	1,982		$	(2,656	)	$	(3,862	)	$	(35	)		99	%		99	%
Less: Securities held for trading		(3,578	)		1,153			(3,415	)		(4,500	)		(724	)		80	%		84	%
Total net investment income excluding trading securities	$	819		$	829		$	759		$	638		$	689			(16	%)		8	%
Annualized investment yield, before-tax [4]		5.3	%		5.3	%		4.8	%		3.8	%		3.9	%		(1.4	)		0.1
Annualized investment yield, after-tax [4]		3.5	%		3.6	%		3.2	%		2.5	%		2.6	%		(0.9	)		0.1
Net Realized Capital Gains (Losses)
Gross gains on sale	$	43		$	41		$	44		$	294		$	136		NM				(54	%)
Gross losses on sale		(110	)		(45	)		(89	)		(155	)		(389	)	NM				(151	%)
Impairments		(231	)		(124	)		(1,760	)		(309	)		(185	)		20	%		40	%
Japanese fixed annuity contract hedges, net [5]		(14	)		(9	)		36			51			41		NM				(20	%)
Periodic net coupon settlements on credit derivatives/Japan [6]		(7	)		(11	)		(8	)		(9	)		(16	)		(129	%)		(78	%)
SFAS 157 transition impact		(650	)		—			—			—			—			100	%		—
Results of variable annuity hedge program
GMWB derivatives, net [7]		(110	)		(13	)		(133	)		(457	)		589		NM			NM
Macro hedge		9			(4	)		24			45			204		NM			NM
Total results of variable annuity hedge program		(101	)		(17	)		(109	)		(412	)		793		NM			NM
Other net gain (loss) [8]		(150	)		(63	)		(126	)		(138	)		(15	)		90	%		89	%
Total net realized capital gains (losses)	$	(1,220	)	$	(228	)	$	(2,012	)	$	(678	)	$	365		NM			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 under SFAS 133. These derivatives hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities held for trading, collateral received associated with the securities lending program and consolidated variable interest entity 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 gain on GMWB derivatives, net for the three months ended March 31, 2009 was primarily related to liability model assumption updates for withdrawals, lapses, and credit standing.
[8]	Primarily consists of changes in fair value on non-qualifying derivatives, foreign currency gains and losses related to the internal reinsurance of the Japan variable annuity business which is offset in AOCI, valuation allowances for impaired mortgage loans 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
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	261		$	248		$	255		$	225		$	209			(20	%)		(7	%)
Tax-exempt		110			109			109			101			95			(14	%)		(6	%)
Total fixed maturities		371			357			364			326			304			(18	%)		(7	%)
Equity securities, available-for-sale		20			19			17			12			11			(45	%)		(8	%)
Mortgage loans		10			9			11			10			9			(10	%)		(10	%)
Limited partnerships and other alternative investments [2]		(19	)		16			(42	)		(167	)		(94	)	NM				44	%
Other [3]		(12	)		(3	)		(8	)		(13	)		1		NM			NM
Subtotal		370			398			342			168			231			(38	%)		38	%
Less: Investment expense		5			7			7			6			6			20	%		—
Total net investment income (loss)	$	365		$	391		$	335		$	162		$	225			(38	%)		39	%
Annualized investment yield, before-tax [4]		5.0	%		5.3	%		4.6	%		2.4	%		3.4	%		(1.6	)		1.0
Annualized investment yield, after-tax [4]		3.7	%		3.9	%		3.4	%		1.6	%		2.6	%		(1.1	)		1.0
Net Realized Capital Gains (Losses)
Gross gains on sale	$	52		$	31		$	12		$	85		$	71			37	%		(16	%)
Gross losses on sale		(100	)		(13	)		(82	)		(253	)		(330	)	NM				(30	%)
Impairments		(73	)		(40	)		(1,312	)		(108	)		(36	)		51	%		67	%
Periodic net coupon settlements on credit derivatives [5]		2			1			2			(3	)		(3	)	NM				—
Other net gain (loss) [6]		(33	)		(30	)		(48	)		33			(25	)		24	%	NM
Total net realized capital gains (losses)	$	(152	)	$	(51	)	$	(1,428	)	$	(246	)	$	(323	)		(113	%)		(31	%)

[1]	Includes income on short-term bonds.
[2]	Includes income on hedge fund investments outside of limited partnerships and a real estate joint venture.
[3]	Primarily represents income from derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities. Also includes fees associated with securities lending activities.
[4]	Yields calculated using net investment income divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding collateral received associated with the securities lending program.
[5]	Included in core earnings.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives, valuation allowances for impaired mortgage loans and other investment gains and losses.

I-3

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

																Year Over
	THREE MONTHS ENDED															Year			Sequential
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			3 Month			3 Month
	2008			2008			2008			2008			2009			Change			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	8		$	9		$	8		$	9		$	4			(50	%)		(56	%)
Total fixed maturities		8			9			8			9			4			(50	%)		(56	%)
Equity securities, available-for-sale		1			1			—			1			1			—			—
Other		—			—			1			(1	)		1			—		NM
Total net investment income	$	9		$	10		$	9		$	9		$	6			(33	%)		(33	%)
Net Realized Capital Gains (Losses)
Gross gains on sale		—			1			2			2			1			—			(50	%)
Gross losses on sale		(1	)		(1	)		(4	)		(3	)		(1	)		—			67	%
Impairments		—			—			(5	)		(2	)		(3	)		—			(50	%)
Other net gain (loss) [2]		2			(3	)		(2	)		111			45		NM				(59	%)
Total net realized capital gains (losses)	$	1		$	(3	)	$	(9	)	$	108		$	42		NM				(61	%)

[1]	Includes income on short-term bonds.
[2]	Primarily consists of changes in fair value on non-qualifying derivatives and a valuation allowance on a note receivable. Also included for three months ended March 31, 2009, are gains of $70 related to a decrease in the liability related to the warrants associated with the Allianz transaction.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
THREE MONTHS ENDED MARCH 31, 2009 AND 2008

	Life									P&C									Corporate									Consolidated
	2008			2009			Change			2008			2009			Change			2008			2009			Change			2008			2009			Change
Gains/losses on sales, net		(44	)		(129	)		193	%		(31	)		(169	)	NM				(1	)		—			100	%		(76	)		(298	)	NM
Impairments		(144	)		(115	)		20	%		(47	)		(24	)		49	%		—			(2	)		—			(191	)		(141	)		26	%
Japanese fixed annuity contract hedges, net		(9	)		27		NM				—			—			—			—			—			—			(9	)		27		NM
Periodic net coupon settlements on credit derivatives/Japan		(5	)		(10	)		(100	%)		1			(2	)	NM				—			—			—			(4	)		(12	)	NM
SFAS 157 transition impact		(220	)		—			100	%		—			—			—			—			—			—			(220	)		—			100	%
Results of variable annuity hedge program
GMWB derivatives, net		(41	)		234		NM				—			—			—			—			—			—			(41	)		234		NM
Macro hedge		11			105		NM				—			—			—			—			—			—			11			105		NM
Total results of variable annuity hedge program		(30	)		339		NM				—			—			—			—			—			—			(30	)		339		NM
Other net gain (loss)		(98	)		1			NM			(22	)		(16	)		27	%		2			54		NM				(118	)		39		NM
Total net realized capital gains (losses)	$	(550	)	$	113		NM			$	(99	)	$	(211	)		(113	%)	$	1		$	52		NM			$	(648	)	$	(46	)		93	%

I-5

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

	March 31,					June 30,					September 30,					December 31,					March 31,
	2008					2008					2008					2008					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	76,611		58.3	%	$	75,068		57.1	%	$	70,091		56.8	%	$	65,112		54.2	%	$	62,563		53.8	%
Equity securities, held for trading, at fair value [2]		37,406		28.4	%		36,853		28.0	%		33,655		27.3	%		30,820		25.7	%		27,813		23.9	%
Equity securities, available-for-sale, at fair value [3]		2,463		1.9	%		2,619		2.0	%		1,730		1.4	%		1,458		1.2	%		1,080		0.9	%
Policy loans, at outstanding balance		2,118		1.6	%		2,146		1.6	%		2,159		1.7	%		2,208		1.8	%		2,197		1.9	%
Mortgage loans, at cost		5,503		4.2	%		5,882		4.5	%		6,222		5.0	%		6,469		5.4	%		6,389		5.5	%
Limited partnerships and other alternative investments [4]		2,619		2.0	%		2,805		2.1	%		2,817		2.3	%		2,295		1.9	%		1,981		1.7	%
Other investments [5]		1,187		0.9	%		993		0.8	%		1,410		1.2	%		1,723		1.4	%		3,121		2.7	%
Short-term [6]		3,568		2.7	%		5,127		3.9	%		5,353		4.3	%		10,022		8.4	%		11,189		9.6	%
Total investments	$	131,475		100.0	%	$	131,493		100.0	%	$	123,437		100.0	%	$	120,107		100.0	%	$	116,333		100.0	%
Less: Equity securities held for trading		37,406		28.4	%		36,853		28.0	%		33,655		27.3	%		30,820		25.7	%		27,813		23.9	%
Total investments excluding trading securities	$	94,069		71.6	%	$	94,640		72.0	%	$	89,782		72.7	%	$	89,287		74.3	%	$	88,520		76.1	%
HIMCO managed third party accounts	$	9,705				$	9,216				$	9,058				$	7,742				$	7,552
Asset-backed securities (“ABS”)	$	8,374		10.9	%	$	8,182		10.9	%	$	7,624		10.9	%	$	6,268		9.6	%	$	5,604		8.9	%
Commercial mortgage-backed securities (“CMBS”)		15,056		19.6	%		14,028		18.7	%		12,282		17.5	%		8,776		13.5	%		8,311		13.3	%
Collateralized mortgage obligation (“CMO”)		1,534		2.0	%		1,326		1.8	%		1,235		1.8	%		1,177		1.8	%		1,033		1.7	%
Corporate		34,027		44.4	%		34,381		45.7	%		31,532		45.0	%		27,181		41.7	%		27,351		43.7	%
Government/Government agencies — Foreign		1,048		1.4	%		979		1.3	%		875		1.2	%		2,821		4.3	%		853		1.4	%
Government/Government agencies — U.S.		1,350		1.8	%		1,383		1.8	%		1,852		2.6	%		5,956		9.2	%		5,690		9.1	%
Mortgage-backed securities (“MBS”) — agency		2,290		3.0	%		2,372		3.2	%		2,722		3.9	%		2,278		3.5	%		2,468		3.9	%
Municipal — taxable		1,374		1.8	%		1,017		1.4	%		1,029		1.5	%		894		1.4	%		895		1.4	%
Municipal — tax-exempt		11,558		15.1	%		11,400		15.2	%		10,940		15.6	%		9,761		15.0	%		10,358		16.6	%
Total fixed maturities [1]	$	76,611		100.0	%	$	75,068		100.0	%	$	70,091		100.0	%	$	65,112		100.0	%	$	62,563		100.0	%
U.S. Government/Government agencies	$	5,071		6.6	%	$	5,005		6.7	%	$	5,785		8.3	%	$	9,568		14.7	%	$	9,306		14.9	%
AAA		24,418		31.9	%		19,238		25.6	%		17,613		25.1	%		13,489		20.7	%		13,297		21.2	%
AA		10,932		14.3	%		13,717		18.3	%		12,410		17.7	%		11,646		17.9	%		9,806		15.7	%
A		17,325		22.6	%		18,344		24.4	%		17,069		24.3	%		15,831		24.4	%		15,238		24.4	%
BBB		15,319		20.0	%		14,909		19.9	%		13,794		19.7	%		12,794		19.6	%		12,902		20.6	%
BB & below		3,546		4.6	%		3,855		5.1	%		3,420		4.9	%		1,784		2.7	%		2,014		3.2	%
Total fixed maturities [1]	$	76,611		100.0	%	$	75,068		100.0	%	$	70,091		100.0	%	$	65,112		100.0	%	$	62,563		100.0	%

[1]	Includes $313, $151, $72, $155 and $95 in Corporate at March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, and March 31, 2009, respectively, of which $208, $126, $51, $149 and $95 respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[3]	Includes $99, $98, $81, $73 and $73 in Corporate at March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, and March 31, 2009, respectively.
[4]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[5]	Primarily relates to derivative instruments. Additionally, includes $43, $41, $40, $43 and $39 in Corporate at March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, and March 31, 2009, respectively.
[6]	Includes $1,050, $1,298, $733, $1,488 and $1,343 in Corporate at March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008 and March 31, 2009, respectively, of which $1,046, $1,261, $692, $1,484 and $1,335, respectively, were investments held by The Hartford Financial Services Group, Inc.

I-6

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

	March 31,					June 30,					September 30,					December 31,					March 31,
	2008					2008					2008					2008					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	50,615		50.4	%	$	49,683		49.7	%	$	46,292		48.7	%	$	45,182		48.0	%	$	42,428		46.6	%
Equity securities, held for trading, at fair value [1]		37,406		37.3	%		36,853		36.8	%		33,655		35.4	%		30,820		32.7	%		27,813		30.6	%
Equity securities, available-for-sale, at fair value		1,202		1.2	%		1,194		1.2	%		908		1.0	%		711		0.8	%		525		0.6	%
Policy loans, at outstanding balance		2,118		2.1	%		2,146		2.1	%		2,159		2.3	%		2,208		2.3	%		2,197		2.4	%
Mortgage loans, at cost		4,821		4.8	%		5,135		5.1	%		5,460		5.7	%		5,684		6.0	%		5,633		6.2	%
Limited partnerships and other alternative investments [2]		1,329		1.3	%		1,407		1.4	%		1,410		1.5	%		1,129		1.2	%		955		1.0	%
Other investments [3]		1,086		1.1	%		894		0.9	%		1,308		1.4	%		1,473		1.6	%		2,909		3.2	%
Short-term		1,807		1.8	%		2,756		2.8	%		3,793		4.0	%		6,937		7.4	%		8,580		9.4	%
Total investments	$	100,384		100.0	%	$	100,068		100.0	%	$	94,985		100.0	%	$	94,144		100.0	%	$	91,040		100.0	%
Less: Equity securities held for trading		37,406		37.3	%		36,853		36.8	%		33,655		35.4	%		30,820		32.7	%		27,813		30.6	%
Total investments excluding trading securities	$	62,978		62.7	%	$	63,215		63.2	%	$	61,330		64.6	%	$	63,324		67.3	%	$	63,227		69.4	%
ABS	$	6,948		13.7	%	$	6,920		13.9	%	$	6,453		13.9	%	$	5,401		12.0	%	$	4,824		11.4	%
CMBS		10,679		21.1	%		10,006		20.1	%		8,666		18.7	%		6,248		13.8	%		5,838		13.8	%
CMO		1,215		2.4	%		1,014		2.0	%		932		2.0	%		882		2.0	%		812		1.9	%
Corporate		24,739		48.9	%		25,131		50.6	%		23,292		50.3	%		20,630		45.6	%		20,878		49.2	%
Government/Government agencies — Foreign		563		1.1	%		537		1.1	%		493		1.1	%		2,236		4.9	%		482		1.1	%
Government/Government agencies — U.S.		994		2.0	%		1,048		2.1	%		1,466		3.2	%		5,156		11.4	%		4,934		11.6	%
MBS — agency		1,738		3.4	%		1,633		3.3	%		1,747		3.8	%		1,535		3.4	%		1,521		3.6	%
Municipal — taxable		1,219		2.4	%		883		1.8	%		890		1.9	%		758		1.7	%		760		1.8	%
Municipal — tax-exempt		2,520		5.0	%		2,511		5.1	%		2,353		5.1	%		2,336		5.2	%		2,379		5.6	%
Total fixed maturities	$	50,615		100.0	%	$	49,683		100.0	%	$	46,292		100.0	%	$	45,182		100.0	%	$	42,428		100.0	%
U.S. Government/Government agencies	$	3,755		7.4	%	$	3,533		7.1	%	$	4,036		8.7	%	$	7,614		16.9	%	$	7,245		17.1	%
AAA		14,630		28.9	%		12,386		24.9	%		11,242		24.3	%		8,533		18.8	%		8,168		19.2	%
AA		6,404		12.7	%		7,479		15.1	%		6,663		14.4	%		7,231		16.0	%		5,350		12.6	%
A		12,363		24.4	%		12,926		26.0	%		11,992		25.9	%		11,018		24.4	%		10,595		25.0	%
BBB		11,413		22.5	%		11,014		22.2	%		10,245		22.1	%		9,401		20.8	%		9,469		22.3	%
BB & below		2,050		4.1	%		2,345		4.7	%		2,114		4.6	%		1,385		3.1	%		1,601		3.8	%
Total fixed maturities	$	50,615		100.0	%	$	49,683		100.0	%	$	46,292		100.0	%	$	45,182		100.0	%	$	42,428		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-7

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

	March 31,					June 30,					September 30,					December 31,					March 31,
	2008					2008					2008					2008					2009
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	25,683		86.8	%	$	25,234		84.6	%	$	23,727		86.2	%	$	19,775		81.7	%	$	20,040		84.5	%
Equity securities, available-for-sale, at fair value		1,162		3.9	%		1,327		4.4	%		741		2.7	%		674		2.8	%		482		2.0	%
Mortgage loans, at cost		682		2.3	%		747		2.5	%		762		2.8	%		785		3.2	%		756		3.2	%
Limited partnerships and other alternative investments [1]		1,290		4.4	%		1,398		4.7	%		1,407		5.1	%		1,166		4.8	%		1,026		4.3	%
Other investments [2]		58		0.2	%		58		0.2	%		62		0.2	%		207		0.9	%		173		0.7	%
Short-term		711		2.4	%		1,073		3.6	%		827		3.0	%		1,597		6.6	%		1,266		5.3	%
Total investments	$	29,586		100.0	%	$	29,837		100.0	%	$	27,526		100.0	%	$	24,204		100.0	%	$	23,743		100.0	%
ABS	$	1,426		5.6	%	$	1,262		5.0	%	$	1,171		4.9	%	$	867		4.4	%	$	780		3.9	%
CMBS		4,377		17.0	%		4,022		16.0	%		3,616		15.2	%		2,528		12.8	%		2,473		12.3	%
CMO		319		1.2	%		312		1.3	%		303		1.3	%		295		1.5	%		221		1.1	%
Corporate		8,975		34.9	%		9,099		36.0	%		8,168		34.5	%		6,396		32.3	%		6,382		31.9	%
Government/Government agencies — Foreign		485		1.9	%		442		1.8	%		382		1.6	%		585		3.0	%		367		1.8	%
Government/Government agencies — U.S.		356		1.4	%		335		1.3	%		386		1.6	%		800		4.0	%		756		3.8	%
MBS — agency		552		2.2	%		739		2.9	%		975		4.1	%		743		3.8	%		947		4.7	%
Municipal — taxable		155		0.6	%		134		0.5	%		139		0.6	%		136		0.7	%		135		0.7	%
Municipal — tax-exempt		9,038		35.2	%		8,889		35.2	%		8,587		36.2	%		7,425		37.5	%		7,979		39.8	%
Total fixed maturities	$	25,683		100.0	%	$	25,234		100.0	%	$	23,727		100.0	%	$	19,775		100.0	%	$	20,040		100.0	%
U.S. Government/Government agencies	$	1,316		5.1	%	$	1,472		5.8	%	$	1,749		7.4	%	$	1,954		9.9	%	$	2,061		10.3	%
AAA		9,767		38.0	%		6,844		27.2	%		6,366		26.8	%		4,939		25.0	%		5,114		25.5	%
AA		4,354		17.1	%		6,144		24.3	%		5,701		24.0	%		4,346		22.0	%		4,411		22.0	%
A		4,865		18.9	%		5,374		21.3	%		5,057		21.3	%		4,747		24.0	%		4,608		23.0	%
BBB		3,885		15.1	%		3,890		15.4	%		3,548		15.0	%		3,390		17.1	%		3,433		17.1	%
BB & below		1,496		5.8	%		1,510		6.0	%		1,306		5.5	%		399		2.0	%		413		2.1	%
Total fixed maturities	$	25,683		100.0	%	$	25,234		100.0	%	$	23,727		100.0	%	$	19,775		100.0	%	$	20,040		100.0	%

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

I-8

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

	March 31, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	9,967	$	8,490	$	(1,477	)	$	16,425	$	14,992	$	(1,433	)
Greater than three months to six months		6,811		5,691		(1,120	)		6,533		5,247		(1,286	)
Greater than six months to nine months		5,912		4,733		(1,179	)		7,053		5,873		(1,180	)
Greater than nine months to twelve months		6,248		5,132		(1,116	)		6,459		4,957		(1,502	)
Greater than twelve months		28,106		17,821		(10,285	)		25,279		16,071		(9,208	)
Total	$	57,044	$	41,867	$	(15,177	)	$	61,749	$	47,140	$	(14,609	)
Securitized Assets
Three months or less	$	2,788	$	1,873	$	(915	)	$	2,142	$	1,852	$	(290	)
Greater than three months to six months		1,125		965		(160	)		3,052		2,256		(796	)
Greater than six months to nine months		2,925		2,194		(731	)		1,284		910		(374	)
Greater than nine months to twelve months		1,172		819		(353	)		1,847		1,189		(658	)
Greater than twelve months		14,469		7,537		(6,932	)		15,352		8,718		(6,634	)
Total	$	22,479	$	13,388	$	(9,091	)	$	23,677	$	14,925	$	(8,752	)
BIG [4] and Equity AFS [3] Securities
Three months or less	$	351	$	197	$	(154	)	$	1,106	$	852	$	(254	)
Greater than three months to six months		968		564		(404	)		307		214		(93	)
Greater than six months to nine months		314		195		(119	)		349		260		(89	)
Greater than nine months to twelve months		414		274		(140	)		204		145		(59	)
Greater than twelve months		1,951		865		(1,086	)		1,044		609		(435	)
Total	$	3,998	$	2,095	$	(1,903	)	$	3,010	$	2,080	$	(930	)

[1]	As of March 31, 2009, fixed maturities represented $14,727, or 97%, of the Company’s total unrealized loss of available-for-sale 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 March 31, 2009 and December 31, 2008. For a detailed discussion of the other-than-temporary impairment criteria, see “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2008 Form 10-K Annual Report.
[2]	Includes investments held in Corporate.
[3]	Represents available-for-sale (“AFS”) securities.
[4]	Represents below investment grade (“BIG”) securities.

I-9

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

	March 31, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	8,204	$	6,834	$	(1,370	)	$	12,857	$	11,776	$	(1,081	)
Greater than three months to six months		5,000		4,159		(841	)		4,100		3,235		(865	)
Greater than six months to nine months		3,748		2,950		(798	)		5,292		4,356		(936	)
Greater than nine months to twelve months		4,761		3,865		(896	)		3,503		2,504		(999	)
Greater than twelve months		18,337		10,747		(7,590	)		18,034		11,149		(6,885	)
Total	$	40,050	$	28,555	$	(11,495	)	$	43,786	$	33,020	$	(10,766	)
Securitized Assets
Three months or less	$	2,698	$	1,797	$	(901	)	$	1,848	$	1,614	$	(234	)
Greater than three months to six months		924		797		(127	)		2,188		1,629		(559	)
Greater than six months to nine months		2,089		1,571		(518	)		1,063		732		(331	)
Greater than nine months to twelve months		986		671		(315	)		1,398		908		(490	)
Greater than twelve months		10,750		5,431		(5,319	)		11,890		6,727		(5,163	)
Total	$	17,447	$	10,267	$	(7,180	)	$	18,387	$	11,610	$	(6,777	)
BIG and Equity AFS Securities
Three months or less	$	230	$	97	$	(133	)	$	749	$	564	$	(185	)
Greater than three months to six months		713		402		(311	)		218		144		(74	)
Greater than six months to nine months		223		132		(91	)		238		164		(74	)
Greater than nine months to twelve months		265		161		(104	)		148		105		(43	)
Greater than twelve months		1,612		661		(951	)		757		413		(344	)
Total	$	3,043	$	1,453	$	(1,590	)	$	2,110	$	1,390	$	(720	)

[1] As of March 31, 2009, fixed maturities represented $11,155, or 97%, of the Company’s total unrealized loss of available-for-sale 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 March 31, 2009 and December 31, 2008. For a detailed discussion of the other-than-temporary impairment criteria, see “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2008 Form 10-K Annual Report.

I-10

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

	March 31, 2009							December 31, 2008
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	1,758	$	1,652	$	(106	)	$	3,541	$	3,191	$	(350	)
Greater than three months to six months		1,798		1,520		(278	)		2,396		1,980		(416	)
Greater than six months to nine months		2,128		1,751		(377	)		1,757		1,513		(244	)
Greater than nine months to twelve months		1,483		1,263		(220	)		2,953		2,451		(502	)
Greater than twelve months		9,765		7,071		(2,694	)		7,243		4,920		(2,323	)
Total	$	16,932	$	13,257	$	(3,675	)	$	17,890	$	14,055	$	(3,835	)
Securitized Assets
Three months or less	$	90	$	76	$	(14	)	$	294	$	238	$	(56	)
Greater than three months to six months		201		168		(33	)		864		627		(237	)
Greater than six months to nine months		836		623		(213	)		221		178		(43	)
Greater than nine months to twelve months		186		148		(38	)		449		281		(168	)
Greater than twelve months		3,719		2,106		(1,613	)		3,462		1,991		(1,471	)
Total	$	5,032	$	3,121	$	(1,911	)	$	5,290	$	3,315	$	(1,975	)
BIG and Equity AFS Securities
Three months or less	$	116	$	96	$	(20	)	$	330	$	263	$	(67	)
Greater than three months to six months		242		150		(92	)		52		38		(14	)
Greater than six months to nine months		55		31		(24	)		107		92		(15	)
Greater than nine months to twelve months		145		109		(36	)		53		38		(15	)
Greater than twelve months		335		201		(134	)		285		194		(91	)
Total	$	893	$	587	$	(306	)	$	827	$	625	$	(202	)

[1] As of March 31, 2009, fixed maturities represented $3,572, or 97%, of the Company’s total unrealized loss of available-for-sale 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 March 31, 2009 and December 31, 2008. For a detailed discussion of the other-than-temporary impairment criteria, see “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2008 Form 10-K Annual Report.

I-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF MARCH 31, 2009

	LIFE
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
TOP TEN EXPOSURES BY SECTOR [3]
Financial services	$	5,990	$	4,326		6.8	%
Utilities		3,770		3,494		5.5	%
Consumer non cyclical		3,155		3,067		4.9	%
Technology and communications		2,825		2,590		4.1	%
Basic industry		1,948		1,742		2.8	%
Capital goods		1,943		1,727		2.7	%
Energy		1,750		1,606		2.5	%
Consumer cyclical		1,766		1,546		2.5	%
Other		1,213		891		1.4	%
Transportation		505		414		0.7	%
Total	$	24,865	$	21,403		33.9	%
TOP TEN EXPOSURES BY ISSUER [4]
JPMorgan Chase & Co.	$	364	$	248		0.4	%
Wells Fargo & Co.		278		244		0.4	%
Bank of America Corp.		379		216		0.3	%
AT&T Inc.		213		201		0.3	%
General Electric Co.		315		199		0.3	%
Credit Suisse Group AG		253		194		0.3	%
ConocoPhilips		174		174		0.3	%
Astrazeneca PLC		164		164		0.3	%
Vodafone Group PLC		171		163		0.3	%
Diageo PLC		152		152		0.2	%
Total	$	2,463	$	1,955		3.1	%

	P&C
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
Financial services	$	2,122	$	1,480		6.2	%
Utilities		1,379		1,237		5.2	%
Consumer non cyclical		1,008		976		4.1	%
Technology and communications		949		854		3.6	%
Basic industry		479		607		2.6	%
Capital goods		578		517		2.2	%
Consumer cyclical		476		424		1.8	%
Energy		437		410		1.7	%
Other		383		275		1.2	%
Transportation		94		84		0.3	%
Total	$	7,905	$	6,864		28.9	%
State of Georgia	$	203	$	212		0.9	%
State of California		210		194		0.8	%
Insurance Services Office, Inc.		—		179		0.8	%
New York, NY		177		178		0.7	%
State of Massachusetts		153		163		0.7	%
State of Louisiana		142		144		0.6	%
State of Illinois		140		141		0.6	%
JPMorgan Chase & Co.		132		117		0.5	%
State of Mississippi		106		111		0.5	%
Salt River Project		108		104		0.4	%
Total	$	1,371	$	1,543		6.5	%

	CONSOLIDATED [1]
					Percent of
	Cost or				Total
	Amortized		Fair		Invested
	Cost		Value		Assets [2]
Financial services	$	8,177	$	5,871		6.6	%
Utilities		5,150		4,732		5.4	%
Consumer non cyclical		4,171		4,051		4.6	%
Technology and communications		3,778		3,448		3.9	%
Basic industry		2,505		2,422		2.7	%
Capital goods		2,524		2,247		2.5	%
Energy		2,187		2,016		2.3	%
Consumer cyclical		2,248		1,976		2.2	%
Other		1,600		1,170		1.3	%
Transportation		599		498		0.6	%
Total	$	32,939	$	28,431		32.1	%
JPMorgan Chase & Co.	$	502	$	370		0.4	%
State of California		343		324		0.4	%
Wells Fargo & Co.		362		304		0.3	%
State of Massachusetts		268		285		0.3	%
AT&T Inc.		280		266		0.3	%
General Electric Co.		424		262		0.3	%
Bank of America Corp.		431		257		0.3	%
Berkshire Hathaway Inc.		231		232		0.3	%
State of Illinois		214		213		0.3	%
State of Georgia		203		212		0.2	%
Total	$	3,258	$	2,725		3.1	%

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

I-12