Exhibit 99.1

NEWS RELEASE

Media Contact:		Investor Contact:
Shannon Lapierre		Rick Costello
860-547-5624		860-547-8480
Shannon.Lapierre@thehartford.com		Richard.Costello@thehartford.com
		JR Reilly
		860-547-9140
		JR.Reilly@thehartford.com

The Hartford Completes Capital Raise; Plans to Return Treasury Investment

HARTFORD, Conn., March 23, 2010 — The Hartford Financial Services Group, Inc. (NYSE: HIG) today announced that it has completed its previously announced equity and debt offerings as part of its plan to fully repurchase the $3.4 billion of The Hartford’s preferred shares issued to the U.S. Treasury under Treasury’s Capital Purchase Program (CPP).

“We were pleased with the execution of the capital raise,” said Liam E. McGee, The Hartford’s Chairman, President and Chief Executive Officer. “There was a high level of investor interest in our offerings and pricing was favorable, reflecting confidence in The Hartford’s future. With the funds secured, we are moving forward with our plans to repurchase Treasury’s preferred shares.”

Investors purchased 59.59 million shares of The Hartford’s common stock; 23 million depositary shares, each representing a 1/40^th interest in a share of The Hartford’s 7.25% Mandatory Convertible Preferred Stock, Series F; and $1.1 billion of its senior notes, consisting of $300 million of its 4.00% Senior Notes due 2015, $500 million of its 5.50% Senior Notes due 2020 and $300 million of its 6.625% Senior Notes due 2040. The number of securities sold in the common stock and depositary shares offerings included 7.3 million shares of common stock and 3 million depositary shares issued to the underwriters of those offerings upon the exercise of their respective options to purchase additional securities.

The Hartford plans, subject to approval, to use $425 million of the net proceeds from the debt offering, together with the net proceeds of its common stock and depositary shares offerings and available funds, to repurchase the $3.4 billion of preferred shares issued to the U.S. Treasury under Treasury’s Capital Purchase Program. Remaining proceeds from the senior notes offering are planned to be used to pre-fund the maturity of The Hartford’s senior debt maturing in 2010 and 2011.

About The Offering

Goldman, Sachs & Co. and J.P. Morgan Securities Inc. acted as joint bookrunning managers for the offering of common stock and depositary shares.

Goldman, Sachs & Co., J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC acted as joint bookrunning managers for the offering of senior notes.

About The Hartford

Celebrating nearly 200 years, The Hartford (NYSE: HIG) is an insurance-based financial services company that serves households, businesses and employees by helping to protect their assets and income from risks, and by managing wealth and retirement needs. A Fortune 500 company, The Hartford is recognized widely for its service expertise and as one of the world’s most ethical companies.

HIG-F

This news release shall not constitute an offer to sell or a solicitation to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. These offerings were made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the SEC’s website at www.sec.gov or by contacting Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004, telephone: 866-471-2526, fax: 212-902-9316, email: Prospectus-ny@ny.email.gs.com or by contacting J.P. Morgan Securities Inc. via Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204.

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Annual Report for fiscal year 2009 on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.