Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HARTFORD FINANCIAL SERVICES GROUP, INC. | d349809d8k.htm |
| EX-99.1 - REVISED CONSOLIDATING BALANCE SHEETS - HARTFORD FINANCIAL SERVICES GROUP, INC. | d349809dex991.htm |
Exhibit 99.2
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)
For the Three Months Ended March 31, 2011
| Individual Annuity |
Individual Life |
Retirement Plans |
Mutual Funds |
Total Wealth Management |
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| Balance, December 31, 2010 |
$ | 2,757 | $ | 2,064 | $ | 382 | $ | 43 | $ | 5,246 | ||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
196 | 82 | (8 | ) | — | 270 | ||||||||||||||
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| Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other |
2,953 | 2,146 | 374 | 43 | 5,516 | |||||||||||||||
| Capitalization |
14 | 53 | 17 | 11 | 95 | |||||||||||||||
| Amortization - Deferred Policy Acquisition Costs |
(94 | ) | (23 | ) | (9 | ) | (12 | ) | (138 | ) | ||||||||||
| Amortization - Present Value of Future Profits |
(1 | ) | (4 | ) | — | — | (5 | ) | ||||||||||||
| Amortization - Realized Capital Gains / Losses |
16 | 3 | — | — | 19 | |||||||||||||||
| Amortization - Unlock - Core |
37 | (2 | ) | 3 | — | 38 | ||||||||||||||
| Amortization - Unlock - Non-core |
— | 1 | (1 | ) | — | — | ||||||||||||||
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| Balance, March 31, 2011 |
2,925 | 2,174 | 384 | 42 | 5,525 | |||||||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
(142 | ) | (89 | ) | 4 | — | (227 | ) | ||||||||||||
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| Balance, March 31, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other |
$ | 2,783 | $ | 2,085 | $ | 388 | $ | 42 | $ | 5,298 | ||||||||||
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1
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)
For the Six Months Ended June 30, 2011
| Individual Annuity |
Individual Life |
Retirement Plans |
Mutual Funds |
Total Wealth Management |
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| Balance, December 31, 2010 |
$ | 2,757 | $ | 2,064 | $ | 382 | $ | 43 | $ | 5,246 | ||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
196 | 82 | (8 | ) | — | 270 | ||||||||||||||
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| Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other |
2,953 | 2,146 | 374 | 43 | 5,516 | |||||||||||||||
| Capitalization |
29 | 110 | 30 | 20 | 189 | |||||||||||||||
| Amortization - Deferred Policy Acquisition Costs |
(189 | ) | (42 | ) | (21 | ) | (24 | ) | (276 | ) | ||||||||||
| Amortization - Present Value of Future Profits |
(2 | ) | (8 | ) | — | — | (10 | ) | ||||||||||||
| Amortization - Realized Capital Gains / Losses |
(1 | ) | (5 | ) | (2 | ) | — | (8 | ) | |||||||||||
| Amortization - Unlock - Core |
24 | (5 | ) | (1 | ) | — | 18 | |||||||||||||
| Amortization - Unlock - Non-core |
(69 | ) | 1 | — | — | (68 | ) | |||||||||||||
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| Balance, June 30, 2011 |
2,745 | 2,197 | 380 | 39 | 5,361 | |||||||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
(159 | ) | (127 | ) | (15 | ) | — | (301 | ) | |||||||||||
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| Balance, June 30, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other |
$ | 2,586 | $ | 2,070 | $ | 365 | $ | 39 | $ | 5,060 | ||||||||||
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2
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
WEALTH MANAGEMENT
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS ("DAC")
For the Nine Months Ended September 30, 2011
| Individual Annuity |
Individual Life |
Retirement Plans |
Mutual Funds |
Total Wealth Management |
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| Balance, December 31, 2010 |
$ | 2,757 | $ | 2,064 | $ | 382 | $ | 43 | $ | 5,246 | ||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
196 | 82 | (8 | ) | — | 270 | ||||||||||||||
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| Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other |
2,953 | 2,146 | 374 | 43 | 5,516 | |||||||||||||||
| Capitalization |
44 | 181 | 44 | 26 | 295 | |||||||||||||||
| Amortization - Deferred Policy Acquisition Costs |
(280 | ) | (72 | ) | (30 | ) | (36 | ) | (418 | ) | ||||||||||
| Amortization - Present Value of Future Profits |
(3 | ) | (12 | ) | — | — | (15 | ) | ||||||||||||
| Amortization - Realized Capital Gains / Losses |
13 | (18 | ) | (3 | ) | — | (8 | ) | ||||||||||||
| Amortization - Unlock - Core |
(129 | ) | (45 | ) | (37 | ) | — | (211 | ) | |||||||||||
| Amortization - Unlock - Non-core |
(79 | ) | 1 | (4 | ) | — | (82 | ) | ||||||||||||
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| Balance, September 30, 2011 |
2,519 | 2,181 | 344 | 33 | 5,077 | |||||||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
(226 | ) | (233 | ) | (42 | ) | — | (501 | ) | |||||||||||
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| Balance, September 30, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other |
$ | 2,293 | $ | 1,948 | $ | 302 | $ | 33 | $ | 4,576 | ||||||||||
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3
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE OTHER OPERATIONS
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)
For the Three Months Ended March 31, 2011
| Total | ||||||||||||||||
| International | Institutional | Life Other | ||||||||||||||
| Annuity | Annuity | PPLI | Operations | |||||||||||||
| Balance, December 31, 2010 |
$ | 1,526 | $ | 66 | $ | 34 | $ | 1,626 | ||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
(67 | ) | — | — | (67 | ) | ||||||||||
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| Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other |
1,459 | 66 | 34 | 1,559 | ||||||||||||
| Capitalization |
— | — | — | — | ||||||||||||
| Amortization - Deferred Policy Acquisition Costs |
(54 | ) | (3 | ) | — | (57 | ) | |||||||||
| Amortization - Realized Capital Gains / Losses |
15 | — | — | 15 | ||||||||||||
| Amortization - Unlock - Core |
(1 | ) | — | — | (1 | ) | ||||||||||
| Amortization - Unlock - Non-core |
1 | — | — | 1 | ||||||||||||
| Effect of Currency Translation Adjustment |
(30 | ) | — | — | (30 | ) | ||||||||||
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| Balance, March 31, 2011 |
1,390 | 63 | 34 | 1,487 | ||||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
71 | — | — | 71 | ||||||||||||
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| Balance, March 31, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other |
$ | 1,461 | $ | 63 | $ | 34 | $ | 1,558 | ||||||||
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4
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE OTHER OPERATIONS
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)
For the Six Months Ended June 30, 2011
| Total | ||||||||||||||||
| International | Institutional | Life Other | ||||||||||||||
| Annuity | Annuity | PPLI | Operations | |||||||||||||
| Balance, December 31, 2010 |
$ | 1,526 | $ | 66 | $ | 34 | $ | 1,626 | ||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
(67 | ) | — | — | (67 | ) | ||||||||||
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| Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other |
1,459 | 66 | 34 | 1,559 | ||||||||||||
| Capitalization |
— | — | 1 | 1 | ||||||||||||
| Amortization - Deferred Policy Acquisition Costs |
(110 | ) | (5 | ) | (1 | ) | (116 | ) | ||||||||
| Amortization - Realized Capital Gains / Losses |
65 | — | — | 65 | ||||||||||||
| Amortization - Unlock - Core |
(1 | ) | (1 | ) | — | (2 | ) | |||||||||
| Amortization - Unlock - Non-core |
— | 1 | — | 1 | ||||||||||||
| Effect of Currency Translation Adjustment |
8 | — | — | 8 | ||||||||||||
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| Balance, June 30, 2011 |
1,421 | 61 | 34 | 1,516 | ||||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
73 | — | — | 73 | ||||||||||||
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| Balance, June 30, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other |
$ | 1,494 | $ | 61 | $ | 34 | $ | 1,589 | ||||||||
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5
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE OTHER OPERATIONS
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS (“DAC”)
For the Nine Months Ended September 30, 2011
| Total | ||||||||||||||||
| International | Institutional | Life Other | ||||||||||||||
| Annuity | Annuity | PPLI | Operations | |||||||||||||
| Balance, December 31, 2010 |
$ | 1,526 | $ | 66 | $ | 34 | $ | 1,626 | ||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
(67 | ) | — | — | (67 | ) | ||||||||||
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| Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other |
1,459 | 66 | 34 | 1,559 | ||||||||||||
| Capitalization |
— | — | 1 | 1 | ||||||||||||
| Amortization - Deferred Policy Acquisition Costs |
(160 | ) | (7 | ) | (1 | ) | (168 | ) | ||||||||
| Amortization - Realized Capital Gains / Losses |
(83 | ) | — | — | (83 | ) | ||||||||||
| Amortization - Unlock - Core |
298 | (4 | ) | — | 294 | |||||||||||
| Amortization - Unlock - Non-core |
(389 | ) | 1 | — | (388 | ) | ||||||||||
| Effect of Currency Translation Adjustment |
74 | — | — | 74 | ||||||||||||
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| Balance, September 30, 2011 |
1,199 | 56 | 34 | 1,289 | ||||||||||||
| Adjustments to unrealized gains and losses on securities available - for - sale and other |
75 | — | — | 75 | ||||||||||||
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| Balance, September 30, 2011 including adjustments to unrealized gains and losses on securities available-for-sale and other |
$ | 1,274 | $ | 56 | $ | 34 | $ | 1,364 | ||||||||
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6