INVESTOR FINANCIAL SUPPLEMENT MARCH 31, 2009

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

As of April 28, 2009 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

Insurance Financial Strength Ratings: Hartford Fire Insurance Company Hartford Life Insurance Company Hartford Life and Accident Insurance Company Hartford Life and Annuity Insurance Company Hartford Life Insurance KK (Japan) Hartford Life Limited (Ireland) Other Ratings: The Hartford Financial Services Group, Inc.: Senior debt Commercial paper Junior subordinated debentures Hartford Life, Inc.: Senior debt

A.M. Best

Fitch

A A A A — —

A+ A A A — —

A A A A A A

A2 A3 A3 A3

bbb+ AMB-2 bbb-

BBB F2 BBB-

BBB A-2 BB+

Baa3 P-3 Ba1

bbb+

BBB

BBB

Baa3

— a

— A-

A-1 A

P-2 Baa1

Hartford Life Insurance Company: Short term rating Consumer notes

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.

Standard & Poor’s Moody’s

— —

THE HARTFORD FINANCIAL SERVICES GROUP, INC. INVESTOR FINANCIAL SUPPLEMENT TABLE OF CONTENTS Basis of Presentation CONSOLIDATED Consolidated Financial Results Operating Results by Segment Analysis of Operating Results by Segment Consolidating Statements of Operations Three Months Ended March 31, 2008 and 2009 Consolidating Balance Sheets As of December 31, 2008 and March 31, 2009 Capital Structure Accumulated Other Comprehensive Loss Computation of Basic and Diluted Earnings (Losses) Per Share Analysis of Net Realized Capital Losses Three Months Ended March 31, 2008 and 2009 After Tax and DAC Computation of Return-on-Equity Measures

LIFE

Financial Highlights Financial Highlights Excluding Impacts of the Unlock Operating Results Total Assets Under Management Consolidated Balance Sheets Deferred Policy Acquisition Costs and Present Value of Future Profits Supplemental Data - Annuity Death and Income Benefits Reinsurance Recoverable Analysis As of March 31, 2009 Statutory Surplus to GAAP Stockholders' Equity Reconciliation Retail Products Group Income Statements Individual Annuity Other Supplemental Data Deposits Assets Under Management Individual Annuity - Account Value Rollforward Other Retail - Asset Rollforward Individual Life Income Statements Supplemental Data Account Value Rollforward Group Benefits Income Statements Supplemental Data Retirement Plans Income Statements Supplemental Data Deposits Assets Under Management and Administration Account Value and Asset Rollforward International Highlights Japan Income Statements Supplemental Data - Account Value Rollforward in Dollars Supplemental Data - Account Value Rollforward in Yen

i, ii, iii C-1 C-2 C-2a

LIFE (CONT.)

C-3 C-4 C-5 C-6 C-7

PROPERTY & CASUALTY

C-8 C-9

L-1 L-1a L-2 L-3 L-4 L-5 L-6 L-7 L-8

L-9 L-10 L-11 L-12 L-13 L-14 L-15 L-16 L-17 L-18 L-19 L-20 L-21 L-22 L-23 L-24 L-25 L-26 L-27

INVESTMENTS

Institutional Solutions Group Income Statements Supplemental Data Deposits Assets Under Management Account Value and Asset Rollforward

Financial Highlights Operating Results Ongoing Operations Operating Results Ongoing Operations Consolidating Underwriting Results Three Months Ended March 31, 2009 Ongoing Operations Underwriting Results Personal Lines Underwriting Results Personal Lines Written and Earned Premiums Small Commercial Underwriting Results Middle Market Underwriting Results Specialty Commercial Underwriting Results Specialty Commercial Written and Earned Premiums Other Operations Operating Results Other Operations Losses and Loss Adjustment Expenses Paid and Incurred Loss and Loss Adjustment Expense Development - A&E Unpaid Loss and Loss Adjustment Expense Reserve Rollforward Three Months Ended March 31, 2009 Reinsurance Recoverable Analysis Consolidated Income Statements Consolidated Balance Sheets Statutory Surplus to GAAP Stockholders' Equity Reconciliation

Investment Earnings Before-tax Consolidated Life Property & Casualty Corporate Net Realized Capital Gains (Losses), After-tax/DAC Three Months Ended March 31, 2009 and 2008 Composition of Invested Assets Consolidated Life Property & Casualty Unrealized Loss Aging Consolidated Life Property & Casualty Invested Asset Exposures As of March 31, 2009

L-28 L-29 L-30 L-31

PC-1 PC-2 PC-3 PC-4 PC-5 PC-6 PC-7 PC-8 PC-9 PC-10 PC-11 PC-12 PC-13 PC-14 PC-15 PC-16 PC-17 PC-18 PC-19

I-1 I-2 I-3 I-4 I-5 I-6 I-7 I-8 I-9 I-10 I-11 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 HIGHLIGHTS Net income (loss) Core earnings (losses) Total revenues [1] Total assets Total assets under management [2] PER SHARE AND SHARES DATA [3] Basic earnings per share Net income (loss) available to common shareholders Core earnings (losses) Diluted earnings (losses) per share Net income (loss) available to common shareholders Core earnings (losses) Weighted average common shares outstanding (basic) Weighted average common shares outstanding and dilutive potential common shares (diluted) Common shares outstanding assuming conversion of outstanding preferred shares to common Book value per share Per share impact of AOCI Book value per share (excluding AOCI) FINANCIAL RATIOS ROE (net income last 12 months to stockholder equity including AOCI) [4] ROE (core earnings last 12 months to stockholder equity excluding AOCI) [4 Debt to capitalization including AOCI Annualized investment yield, after-tax Ongoing Property & Casualty GAAP combined ratio

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008

Mar. 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

NM NM NM (20%) (22%)

(50%) NM NM (4%) (4%)

$ 145 $ 792 $ 1,544 $ 344,168 $ 424,193

$ 543 $ 696 $ 7,503 $ 333,840 $ 416,269

$ (2,631) $ (422) $ (393) $ 311,485 $ 384,981

$ (806) $ (208) $ 565 $ 287,583 $ 345,451

$ (1,209) $ (1,175) $ 5,394 $ 276,168 $ 330,187

$ $

0.46 2.52

$ $

1.74 2.23

$ $

(8.74) (1.40)

$ $

(2.71) (0.72)

$ $

(3.77) (3.66)

NM NM

(39%) NM

$ $

0.46 2.51 313.8

$ $

1.73 2.22 311.7

$ $

(8.74) (1.40) 301.1

$ $

(2.71) (0.72) 300.2

$ $

(3.77) (3.66) 320.8

NM NM 7.0 sh

(39%) NM 20.6 sh

321.5

5.8 sh

315.7

$ $ $

314.5 56.71 (7.08) 63.79

12.1% 17.8% 21.8% 3.6% 87.8

313.1

$ $ $

303.1 55.51 (9.17) 64.68

12.0% 17.4% 26.2% 3.6% 95.8

302.1

$ $ $

300.4 41.80 (13.83) 55.63

(8.6%) 10.5% 30.6% 3.2% 101.7

320.9

$ $ $

324.8 28.53 (23.16) 51.69

(19.3%) 4.7% 40.2% 2.2% 77.6

$ $ $

325.4 24.15 (23.98) 48.13

(31.9%) (6.2%) 44.0% 2.6% 89.9

0.6

10.9 sh (57%) NM (25%)

0.6 sh (15%) (4%) (7%)

(44.0) (24.0) 22.2 (1.0) (2.1)

(12.6) (10.9) 3.8 0.4 (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

sh

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.) THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 LIFE Retail Products Group Individual Annuity Other Retail Total Retail Products Group Individual Life Total Individual Markets Group

$

Group Benefits Retirement Plans Total Employer Markets Group

174 13 187 41 228

$

70 17 87

189 14 203 43 246

$

(552) 13 (539) 8 (531)

$

(198) (2) (200) 26 (174)

Year over Year 3 Month Change

Sequential 3 Month Change

(924) 1 (923) (923)

NM (92%) NM (100%) NM

NM NM NM (100%) NM

(6%) NM (86%)

(27%) NM (86%)

Mar. 31, 2009

$

85 33 118

100 (36) 64

90 (3) 87

66 (54) 12

International Markets Group

67

64

(75)

(110)

(455)

NM

Institutional Solutions Group

22

27

1

(40)

(20)

NM

(11) 393

(5) 450

(541)

(24) (261)

5 (1,381)

NM NM

NM NM

105 119 55 39 318 (1) 310 2 (57) (172) 400

18 69 3 18 108 8 334 1 (65) (105) 281

(45) 82 (37) (44) (44) 14 285 2 (58) (39) 160

202 167 148 58 575 10 127 (3) (39) (236) 434

75 87 69 23 254 8 185 (3) (50) (97) 297

(29%) (27%) 25% (41%) (20%) NM (40%) NM 12% 44% (26%)

(63%) (48%) (53%) (60%) (56%) (20%) 46% (28%) 59% (32%)

Other Total Life core earnings (losses) [1][2][3]

PROPERTY & CASUALTY Ongoing Operations Underwriting Results Personal Lines Small Commercial Middle Market Specialty Commercial Total Ongoing Operations underwriting results Net servicing income Net investment income Periodic net coupon settlements on credit derivatives, before-tax Other expenses Income tax expense Ongoing Operations core earnings

Other Operations core earnings (losses) [4]

(4)

NM 50%

26

2

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) Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1][5] Net income (loss) PER SHARE DATA [6] Diluted earnings (losses) per share Core earnings (losses) available to common shareholders Net income (loss) available to common shareholders

792

696

$

(647) 145

$

(153) 543

$ $

2.51 0.46

$ $

2.22 1.73

(422)

(208)

(1,175)

NM

NM

$

(2,209) (2,631)

$

(598) (806)

$

(34) (1,209)

95% NM

94% (50%)

$ $

(1.40) (8.74)

$ $

(0.72) (2.71)

$ $

(3.66) (3.77)

NM NM

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.) THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008

Mar. 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

LIFE Retail Products Group Individual Annuity

$

65

(63%)

NM

13

14

14

(2)

1

(92%)

NM

187

203

183

(200)

66

(65%)

NM

41

43

45

26

26

(37%)

-

228

246

228

(174)

92

(60%)

NM

Group Benefits

70

85

100

90

Retirement Plans

17

33

12

(3)

Total Employer Markets Group

87

118

112

87

66

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

(261)

112

(72%)

NM

NM

NM

Other Retail Total Retail Products Group Individual Life Total Individual Markets Group

174

$

189

$

169

$

-

450

391

(198)

$

66 -

-

(6%)

(27%)

(100%)

100%

(24%)

(24%)

DAC Unlock

-

-

(932)

Total Life core earnings (losses) [1][2][3]

393

450

(541)

(261)

(1,493)

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)

Total Ongoing Operations underwriting results before catastrophes and prior year development

317

240

235

377

Catastrophes, excluding prior year development [4]

(50)

(171)

(356)

(1,381)

PROPERTY & CASUALTY Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:

3

NM

NM

251

(21%)

(33%)

(65)

(30%)

NM

Prior year reserve development: Catastrophe loss and loss adjustment expenses

11

1

11

6

Other loss and loss adjustment expenses

40

38

66

189

73

83%

Total Ongoing Operations underwriting results

318

108

Net servicing income (loss) Periodic net coupon settlements on credit derivatives, before-tax Other expenses Income tax expense Ongoing Operations core earnings

Other Operations core earnings (losses) [5] Total Property & Casualty core earnings

NM

NM (61%)

(44)

575

254

(20%)

(56%)

8

14

10

8

NM

(20%)

310

334

285

127

185

(40%)

2

1

2

(3)

(3)

(57)

(65)

(58)

(39)

(50)

(172)

(105)

(39)

(236)

(97)

44%

59%

400

281

160

434

297

(26%)

(32%)

(1)

Net investment income

(5)

(4)

46%

NM

-

12%

(28%)

26

2

18

24

(8%)

33%

426

283

156

452

321

(25%)

(29%)

(27)

(37)

(37)

(399)

(115)

(422)

(208)

(1,175)

(2,209)

(598)

(34)

CORPORATE Total Corporate core losses [1][3]

NM

71%

CONSOLIDATED Core earnings (losses) Add: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) [1][6] Net income (loss)

$

792

696

(647)

(153)

145

$

543

$

(2,631)

$

(806)

$

(1,209)

NM

NM

95% NM

94% (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

2008 Earned premiums Fee income Net investment income (loss) Securities available-for-sale and other Equity securities held for trading [1] Total net investment income (loss) Other revenues Net realized capital gains (losses) Total revenues

$

Benefits, losses and loss adjustment expenses Benefits, losses and loss adjustment expenses - returns credited on International variable annuities [1] Amortization of deferred policy acquisition costs and present value of future profits Insurance operating costs and expenses Interest expense Goodwill impairment Other expenses [2] Total benefits and expenses

$

Income tax expense (benefit) Net income (loss) Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings (losses)

7% (13%)

819 (3,578) (2,759) (1,220) (1,418)

689 (724) (35) 365 2,812

(16%) 80% 99% NM NM

365 365 120 (152) 2,947

225 225 118 (323) 2,531

1,718

3,059

78%

1,639

80%

(724)

$ 2,614 -

(40%)

$

3,843 1,337

(13%)

1,193 (3,578) (2,385) 120 (1,371) 1,544

920 (724) 196 118 84 5,394

(23%) 80% NM (2%) NM NM

4,637

38%

-

3,357

-

-

-

-

-

-

(3,578)

523 153 180 2,495

523 161 159 2,421

120 32 15 167

-

(12%) (3%)

66 (10) 56

82% NM NM 198%

468 950 67 189 1,453

110

(76%)

(41)

(116)

(183%)

NM

(15)

(53)

NM

112

(66%)

(26)

(63)

(142%)

(209)

(109%)

321

(25%)

452

NM

126

(155)

(1,258)

NM

326

(2)

(100) 426

$

5%

1 $

(27)

$

52

NM

(115)

NM

CONSOLIDATED 2009 Change 3,829 1,167

-

NM

$

3

-

(753)

NM

$

(4%)

(2,011)

NM

5

1,578

(165)

123

$

(33%) (33%) NM NM

(320)

(1,381)

(4%) -

6 6 42 51

NM (8%) (100%) (21%) NM

$

2,511 -

2008

9 9 1 15

1,736 737 15 4,823

393

$

CORPORATE 2009 Change

2008

(38%) (38%) (2%) (113%) (14%)

(55) 797 1 19 (1,098)

(548) $

PROPERTY & CASUALTY 2008 2009 Change

Change

1,318 1,164

(3,578)

Income (loss) before income taxes

Core earnings (losses)

1,229 1,332

LIFE 2009

$

(724)

91 (54) 145 (647) $

792

[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

2,259 898 120 32 189 7,411

NM (5%) 79% NM NM

(2,017)

NM

(808)

NM

(1,209)

NM

(34) $

80%

(1,175)

95% NM

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

LIFE Mar. 31, 2009

Dec. 31, 2008 Investments Fixed maturities, available-for-sale, at fair value Equity securities, trading, at fair value Equity securities, available-for-sale, at fair value Policy loans, at outstanding balance Mortgage loans on real estate Limited partnerships and other alternative investments Other investments Short-term investments Total investments Cash Premiums receivable and agents' balances Reinsurance recoverables Deferred policy acquisition costs and present value of future profits Deferred income taxes Goodwill Property and equipment, net Other assets Separate account assets Total assets Future policy benefits, unpaid losses and loss adjustment expenses Other policyholder funds and benefits payable Other policyholder funds and benefits payable International variable annuities Unearned premiums Debt Consumer notes Other liabilities Separate account liabilities Total liabilities

$

$

11,988 2,183 462 400 3,557 130,184

Change

42,428 27,813 525 2,197 5,633 955 2,909 8,580 91,040 1,604 407 3,177

(6%) (10%) (26%) (1%) (15%) 97% 24% (3%) (3%) 9%

10,828 3,201 470 394 1,116 124,738

(10%) 47% 2% (2%) (69%) (4%)

$

19,775 674 785 1,166 207 1,597 24,204 162 3,197 3,439

$

1,260 2,435 149 675 1,159 -

20,040 482 756 1,026 173 1,266 23,743 247 3,161 3,337

1% (28%) (4%) (12%) (16%) (21%) (2%) 52% (1%) (3%)

1,249 2,495 149 668 1,454 -

(1%) 2% (1%) 25% -

CORPORATE Mar. 31, 2009

Dec. 31, 2008 $

155 73 43 1,488 1,759 1 -

$

621 449 182 -

(39%) (9%) (10%) (12%) (100%) -

604 417 119 -

(3%) (7%) (35%) (11%)

$

287,583

-

$

38,680 53,753

$

236,975

(4%)

$

36,680

$

36,503

-

$

3,012

$

2,690

$

16,747 53,753

$

18,562 52,952

11% (1%)

$

21,933 -

$

21,804 -

(1%) -

$

-

$

-

27,793 138 66 1,202 5,561 124,738 231,012

(10%) (28%) (1%) (24%) (4%) (4%)

5,244 2,914 30,091

5,231 2,573 29,608

(12%) (2%)

(3) 6,129 1,786 7,912

(3) 6,110 1,554 7,661

(13%) (3%)

(10%) (9%) (22%) (70%) (22%)

8,675 (2,086) 6,589 6,589

8,887 (1,991) 6,896 (1) 6,895

2% 5% 5% NM 5%

(3,982) (918) (4,900) (4,900)

(4,065) (906) (4,971) (4,971)

(2%) 1% (1%) (1%)

36,503

-

2,690

(11%)

12,095 (4,516) 7,579 92 7,671 $

247,891

10,839 (4,904) 5,935 28 5,963 $

236,975

(4%)

$

36,680

C-4

$

$

3,012

$

$

CONSOLIDATED Mar. 31, 2009

95 73 39 1,343 1,550 -

247,891

30,799 138 92 1,210 7,297 130,184 240,220

Dec. 31, 2008

Change

$

Equity excluding AOCI, net of tax AOCI, net of tax Total stockholders' equity Noncontrolling Interest Total equity Total liabilities and equity

45,182 30,820 711 2,208 5,684 1,129 1,473 6,937 94,144 1,648 407 2,918

PROPERTY & CASUALTY Dec. 31, Mar. 31, 2008 2009 Change

65,112 30,820 1,458 2,208 6,469 2,295 1,723 10,022 120,107 1,811 3,604 6,357

$

62,563 27,813 1,080 2,197 6,389 1,981 3,121 11,189 116,333 1,851 3,568 6,514

(4%) (10%) (26%) (1%) (14%) 81% 12% (3%) 2% (1%) 2%

12,077 6,300 1,036 1,062 2,689 124,738

(9%) 20% (2%) (1%) (45%) (4%)

$

276,168

(4%)

$

40,366 52,952

4% (1%)

27,793 5,366 6,176 1,202 9,688 124,738 268,281

(10%) (1%) (1%) (19%) (4%) (4%)

13,248 5,239 1,060 1,075 4,898 130,184

30,799 5,379 6,221 1,210 11,997 130,184 278,223 16,788 (7,520) 9,268 92 9,360 $

287,583

Change

15,661 (7,801) 7,860 27 7,887 $

276,168

(7%) (4%) (15%) (71%) (16%) (4%)

THE HARTFORD FINANCIAL SERVICES GROUP, INC. CAPITAL STRUCTURE

Mar. 31, 2008 DEBT Short-term debt (includes current maturities of long-term debt and capital lease obligations) Capital lease obligations Senior notes Junior subordinated debentures Total debt [1]

$

$

1,364 67 3,551 4,982

Jun. 30, 2008 $

$

1,353 67 4,051 500 5,971

Sept. 30, 2008 $

$

927 68 4,052 500 5,547

Dec. 31, 2008 $

$

398 68 4,052 1,703 6,221

Mar. 31, 2009 $

$

419 4,052 1,705 6,176

Year Over Year 3 Month Change

Sequential 3 Month Change

(69%) (100%) 14% NM 24%

5% (100%) (1%)

STOCKHOLDERS' EQUITY Equity excluding AOCI, net of tax AOCI, net of tax

$

20,061 (2,225)

$ 19,604 (2,780)

$ 16,712 (4,155)

$ 16,788 (7,520)

$ 15,661 (7,801)

(22%) NM

(7%) (4%)

Total stockholders' equity

$

17,836

$ 16,824

$ 12,557

$

$

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%)

9,268

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

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

Ratios Excluding AOCI

[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 & CASUALTY

CORPORATE

CONSOLIDATED

(5,274) (209) 565 (4,918) 14 (4,904)

$

(2,090) 58 29 (2,003) (1) 13 (1,991)

$

$

(5,196) (148) 611 (4,733) 217 (4,516)

$

(2,221) 85 31 (2,105) 5 14 (2,086)

$

LIFE As of March 31, 2009 Fixed maturities net unrealized loss Equities net unrealized gain (loss) Net deferred gain on cash-flow hedging instruments Total net unrealized loss Foreign currency translation adjustments Pension and other postretirement adjustment Total accumulated other comprehensive loss

As of December 31, 2008 Fixed maturities net unrealized loss Equities net unrealized gain (loss) Net deferred gain on cash-flow hedging instruments Total net unrealized loss Foreign currency translation adjustments Pension and other postretirement adjustment Total accumulated other comprehensive loss

$

$

$

$

C-6

$

$

$

$

(1) (3) 2 (2) (904) (906)

(2) (4) 2 (4) (914) (918)

$

$

$

(7,365) (154) 596 (6,923) 13 (891) (7,801)

(7,419) (67) 644 (6,842) 222 (900) (7,520)

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

Mar. 31, 2008 Numerator: Net income (loss) Less: preferred dividends Net income (loss) available to common shareholders Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) Core earnings (losses) available to common shareholders

$

Denominator: Weighted average common shares outstanding (basic) Add: Weighted average common shares assuming conversion of outstanding preferred shares to common Weighted average common assuming conversion of outstanding preferred shares to common (Core basic) Dilutive effect of stock compensation Dilutive effect of warrants [1] Weighted average common shares outstanding and dilutive potential common shares (diluted)

145 145 (647) 792

Jun. 30, 2008

$

313.8 313.8 1.9 315.7

Basic earnings (losses) per share Net income (loss) available to common shareholders Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) Core earnings (losses) available to common shareholders [2] Diluted earnings (losses) per share [3] Net income (loss) available to common shareholders Less: Net realized capital losses, net of tax and DAC, excluded from core earnings (losses) Core earnings (losses) available to common shareholders

THREE MONTHS ENDED Sept. 30, Dec. 31, 2008 2008

543 543 (153) 696

$

311.7 311.7 1.4 313.1

(2,631) (2,631) (2,209) (422)

$

301.1 301.1 1.0 302.1

(806) 8 (814) (598) (216)

Mar. 31, 2009

$

300.2 20.1 320.3 0.6 320.9

(1,209) (1,209) (34) (1,175)

320.8 320.8 0.7 321.5

$

0.46 (2.06) 2.52

$

1.74 (0.49) 2.23

$

(8.74) (7.34) (1.40)

$

(2.71) (1.99) (0.72)

$

(3.77) (0.11) (3.66)

$

0.46 (2.05) 2.51

$

1.73 (0.49) 2.22

$

(8.74) (7.34) (1.40)

$

(2.71) (1.99) (0.72)

$

(3.77) (0.11) (3.66)

[1] [2]

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. 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 2009

2008

PROPERTY & CASUALTY 2008 2009 Change

Change

2008

CORPORATE 2009 Change

2008

CONSOLIDATED 2009

Change

Net Realized Capital Gains (Losses), After Tax and DAC Gains/losses on sales, net Impairments Japanese fixed annuity contract hedges, net [1] SFAS 157 transition impact [3] Results of variable annuity hedge program GMWB derivatives, net [2] Macro hedge Total results of variable annuity hedge program Other net gain (loss) [4]

$

Total net realized capital gains (losses), after tax and DAC

(44) (144) (9) (220)

$

(129) (115) 27 -

(193%) 20% NM 100%

(41) 11 (30) (103)

234 105 339 (9)

NM NM NM 91%

(550)

113

NM

113 (10) 123

NM NM NM

$

(31) (47) -

$

(169) (24) -

NM 49% -

(21)

(18)

14%

(99)

(211)

(113%)

(211) (2) (209)

(113%) (100%) (109%)

$

(1)

$

-

(2) -

-

100% NM -

$

(76) (191) (9) (220)

$

(298) (141) 27 -

NM 26% NM 100%

2

54

NM

(41) 11 (30) (122)

234 105 339 27

NM NM NM NM

1

52

NM

(648)

(46)

93%

52 52

NM NM

(46) (12) (34)

93% NM 95%

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) Less: total net realized capital losses included in core earnings (losses) Total net realized capital gains (losses), after tax and DAC, excluded from core earnings (losses)

$ $

(550) 2 (548)

$ $

$ $

(99) (1) (100)

$ $

$

1

$

1

$

$

[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

$ $

(648) 1 (647)

$ $

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

Mar. 31, 2008 Numerator [1]: Net income (loss) - last 12 months Core earnings (losses) - last 12 months

$ $

Denominator [2]: Average stockholder equity, including AOCI Less: Average AOCI Average stockholder equity, excluding AOCI

2,218 3,456

18,344.0 (1,024.0) 19,368.0

ROE (net income (loss) last 12 months to stockholder equity including AOCI) ROE (core earnings (losses) last 12 months to stockholder equity excluding AOCI)

Jun. 30, 2008

$ $

2,134 3,388

17,736.0 (1,690.5) 19,426.5

12.1% 17.8%

[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

12.0% 17.4%

Sept. 30, 2008

$ $

(1,348) 1,906

Dec. 31, 2008

$ $

(2,749) 858

Mar. 31, 2009

$ $

(4,103) (1,109)

15,753.5 (2,410.5) 18,164.0

14,236.0 (4,189.0) 18,425.0

12,848.0 (5,013.0) 17,861.0

(8.6%) 10.5%

(19.3%) 4.7%

(31.9%) (6.2%)

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE FINANCIAL HIGHLIGHTS THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 REVENUES Retail Products Group Individual Annuity [1] Other Retail Total Retail Products Group Individual Life [1] Total Individual Markets Group Group Benefits Retirement Plans Total Employer Markets Group International Markets Group [1]

$

722 213 935 291 1,226 1,180 157 1,337 258

Institutional Solutions Group Other Core revenues before net investment income (loss) on equity securities held for trading Net investment income (loss) on equity securities held for trading [2] Total core revenues Net realized gains (losses), before tax and DAC, excluded from core revenues[1] Total revenues CORE EARNINGS BY SEGMENT Retail Products Group Individual Annuity [3] [4] Other Retail [3] Total Retail Products Group Individual Life [3] Total Individual Markets Group Group Benefits Retirement Plans [3] Total Employer Markets Group

523 40 3,384 (3,578) (194) (1,224) (1,418)

$ $

$

174 13 187 41 228 70 17 87

International Markets Group [3] [5] [6] Institutional Solutions Group [3] Other Core earnings Net realized gains (losses), net of tax and DAC, excluded from core earnings [3] Net income (loss) Stockholders' ROE (core earnings last 12 months to equity excluding AOCI) [7] Assets under management DAC capitalization DAC amortization DAC and PVFP assets United States Statutory surplus ($ in billions) [8]

$

721 222 943 310 1,253 1,213 188 1,401 264

$

559 38 3,515 $ $

$

1,153 4,668 (228) 4,440

189 14 203 43 246 85 33 118

714 205 919 288 1,207 1,219 182 1,401 249

$

522 39 3,418 $ $

$

(3,415) 3 (2,007) (2,004)

(552) 13 (539) 8 (531) 100 (36) 64

548 154 702 275 977 1,197 149 1,346 267

March 31, 2009

$

441 (24) 3,007 $ $

$

(4,500) (1,493) (675) (2,168)

(198) (2) (200) 26 (174) 90 (3) 87

$ $

$

Sequential 3 Month Change

581 138 719 352 1,071 1,228 148 1,376 219

(20%) (35%) (23%) 21% (13%) 4% (6%) 3% (15%)

6% (10%) 2% 28% 10% 3% (1%) 2% (18%)

440 37 3,143

(16%) (8%) (7%)

NM 5%

(724) 2,419 393 2,812

80% NM NM NM

84% NM NM NM

(924) 1 (923) (923) 66 (54) 12

NM (92%) NM (100%) NM (6%) NM (86%)

NM NM NM (100%) NM (27%) NM (86%)

67

64

(75)

(110)

(455)

NM

NM

22 (11)

27 (5)

1 -

(40) (24)

(20) 5

NM NM

50% NM

(541)

(261)

(1,381)

NM

NM

(1,274)

(546)

393

450

(548)

(116)

$

(155)

$

$ $ $ $ $

21.8% 370,290 428 (55) 11,586 5.7

$ $ $ $ $

334 20.6% 362,509 413 285 11,706 5.4

$

(1,815)

$

(807)

$ $ $ $ $

7.5% 333,305 397 1,404 11,012 4.7

$ $ $ $ $

(0.6%) 298,017 310 542 11,988 6.0

123

NM

NM

(1,258)

NM

(56%)

(21.2%) $ 283,442 $ 222 $ 1,738 $ 10,828 $ 5.6

(43.0) (23%)

(20.6) (5%) (28%) NM (10%)

$

[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

Year Over Year 3 Month Change

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE FINANCIAL HIGHLIGHTS EXCLUDING IMPACTS OF THE UNLOCK [1] Year Over THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 REVENUES Retail Products Group Individual Annuity Other Retail Total Retail Products Group Individual Life Total Individual Markets Group Group Benefits Retirement Plans

Year 3 Month Change

March 31, 2009

Sequential 3 Month Change

$

722 213 935 291 1,226

$

721 222 943 310 1,253

$

685 205 890 314 1,204

$

548 154 702 275 977

$

509 138 647 289 936

(30%) (35%) (31%) (1%) (24%)

(7%) (10%) (8%) 5% (4%)

$

1,180 157

$

1,213 188

$

1,219 182

$

1,197 149

$

1,228 148

4% (6%)

3% (1%)

1,376

3%

2%

Total Employer Markets Group

1,337

1,401

1,401

1,346

International Markets Group

258

264

256

267

220

(15%)

(18%)

Institutional Solutions Group

523

559

522

441

440

(16%)

-

37

(8%)

NM

3,009

(11%)

-

Other Core revenues before net investment income (loss) on equity securities held for trading Net investment income (loss) and other on equity securities held for trading Total core revenues

CORE EARNINGS BY SEGMENT Retail Products Group Individual Annuity Other Retail Total Retail Products Group Individual Life Total Individual Markets Group Group Benefits Retirement Plans Total Employer Markets Group

38

39

3,515

3,422

(3,578) $

Net realized gains (losses) and other, before tax and DAC, excluded from core revenues Total revenues

40 3,384

(194)

1,153 $

(1,224) $

(1,418)

4,668

(24) 3,007

(3,415) $

(228)

7

(4,500) $

(2,019)

$

4,440

$

(2,012)

(724)

80%

84%

(1,493)

2,285

NM

NM

(675)

377

NM

NM

$

(2,168)

$

2,662

NM

NM

$

174 13 187 41 228

$

189 14 203 43 246

$

169 14 183 45 228

$

(198) (2) (200) 26 (174)

$

65 1 66 26 92

(63%) (92%) (65%) (37%) (60%)

NM NM NM NM

$

70 17 87

$

85 33 118

$

100 12 112

$

90 (3) 87

$

66 66

(6%) (100%) (24%)

(27%) 100% (24%)

International Markets Group

67

64

50

(110)

(31)

NM

72%

Institutional Solutions Group

22

27

1

(40)

(20)

NM

50%

Other

(11)

Core earnings

393

Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings Net income (loss)

(5) 450

(548) $

(155)

(116) $

334

-

(24)

5

NM

NM

391

(261)

112

(72%)

NM

(1,265) $

(874)

(546) $

(807)

$

120

NM

NM

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

March 31,

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31,

2008

REVENUES Earned premiums [3] Fee income [3] Net investment income (loss) Securities available-for-sale and other Equity securities held for trading [1] Total net investment income (loss) Net realized capital losses - core Total core revenues Net realized gains (losses) and other, before tax and DAC, excluded from core revenues Total revenues

$

BENEFITS AND EXPENSES Benefits, losses and loss adjustment expenses [3] j [1] Amortization of deferred policy acquisition costs and present value of future profits [3] Goodwill impairment [2] Insurance operating costs and other expenses Total benefits and expenses CORE EARNINGS Core earnings before income taxes Income tax expense (benefit) [3] Core earnings Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [3] Net income (loss)

2008

1,229 1,339

$

2008

1,305 1,390

$

Sequential 3 Month

2009

Change

Change

2008

1,335 1,332

$

1,296 1,081

$

1,318 1,148

7% (14%)

2% 6%

819 (3,578) (2,759) (3) (194) (1,224) (1,418)

829 1,153 1,982 (9) 4,668 (228) 4,440

759 (3,415) (2,656) (8) 3 (2,007) (2,004)

638 (4,500) (3,862) (8) (1,493) (675) (2,168)

689 (724) (35) (12) 2,419 393 2,812

(16%) 80% 99% NM NM NM NM

8% 84% 99% (50%) NM NM NM

1,729 (3,578) 317 817 (715)

1,771 1,153 321 863 4,108

2,095 (3,415) 1,408 838 926

1,829 (4,500) 424 422 782 (1,043)

3,033 (724) 1,554 755 4,618

75% 80% NM (8%) NM

66% 84% NM (100%) (3%) NM

(923) (382) (541) (1,274) (1,815)

(450) (189) (261) (546) (807)

(2,199) (818) (1,381) 123 (1,258)

NM NM NM NM NM

NM NM NM NM (56%)

521 128 393 (548) (155)

560 110 450 (116) 334

[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)

$

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)

$

Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings

$

(9)

$

L-2

March 31,

Year Over Year 3 Month

128

(802) 3

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

TOTAL ASSETS UNDER MANAGEMENT

March 31,

June 30,

Sept. 30,

Dec. 31,

March 31,

Year 3 Month

Sequential 3 Month

2008

2008

2008

2008

2009

Change

Change

Assets General account

$

Separate account Total assets Mutual fund assets Total assets under management

118,697

112,237

(5%)

(5%)

181,273

$

170,841

154,029

130,184

124,738

(31%)

(4%)

299,970

289,296

268,867

247,891

236,975

(21%)

(4%)

46,467

(34%)

(7%)

283,442

(23%)

(5%)

70,320 $

370,290

118,455

$

73,213 $

362,509

L-3

114,838

$

64,438 $

333,305

117,707

$

50,126 $

298,017

$

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

March 31, 2008 Investments Fixed maturities, available-for-sale, at fair value Equity securities, trading, at fair value Equity securities, available-for-sale, at fair value Policy loans, at outstanding balance Mortgage loans on real estate Limited partnerships and other alternative investments Other investments Short term Investments Total investments

$

Cash Premiums receivable and agents' balances Reinsurance recoverables Deferred policy acquisition costs and present value of future profits Deferred income taxes Goodwill Property and equipment, net Other assets Separate account assets Total assets Future policy benefits, unpaid losses and loss adjustment expenses Other policyholder funds and benefits payable Other policyholder funds payable - International variable annuities Unearned premiums Consumer Notes Debt Other liabilities Separate account liabilities Total liabilities Equity excluding AOCI, net of tax AOCI, net of tax Total stockholders' equity Noncontrolling Interest Total equity Total liabilities and equity Hartford Life and Accident Insurance Company NAIC RBC Hartford Life Insurance Company NAIC RBC Hartford Life and Annuity Insurance Company NAIC RBC

50,615 37,406 1,202 2,118 4,821 1,329 1,086 1,807 100,384

June 30, 2008 $

2,016 395 1,599 11,586 (373) 867 393 1,830 181,273

49,683 36,853 1,194 2,146 5,135 1,407 894 2,756 100,068

Sept. 30, 2008 $

1,842 392 1,535 11,706 (135) 867 383 1,797 170,841

46,292 33,655 908 2,159 5,460 1,410 1,308 3,793 94,985

Dec. 31, 2008 $

1,683 390 2,103 11,012 1,324 880 380 2,081 154,029

45,182 30,820 711 2,208 5,684 1,129 1,473 6,937 94,144

March 31, 2009 $

1,648 407 2,918 11,988 2,183 462 400 3,557 130,184

Year Over Year 3 Month Change

Sequential 3 Month Change

42,428 27,813 525 2,197 5,633 955 2,909 8,580 91,040

(16%) (26%) (56%) 4% 17% (28%) 168% NM (9%)

(6%) (10%) (26%) (1%) (15%) 97% 24% (3%)

1,604 407 3,177 10,828 3,201 470 394 1,116 124,738

(20%) 3% 99% (7%) NM (46%) (39%) (31%)

(3%) 9% (10%) 47% 2% (2%) (69%) (4%)

$

299,970

$

289,296

$

268,867

$

247,891

$

236,975

(21%)

(4%)

$

15,544 46,460 37,376 167 971 91 8,197 181,273 290,079 11,059 (1,257) 9,802 89 9,891 299,970

$

15,772 46,563 36,822 161 1,113 91 7,585 170,841 278,948 11,888 (1,667) 10,221 127 10,348 289,296

$

16,602 47,208 33,629 163 1,225 92 7,691 154,029 260,639 10,752 (2,649) 8,103 125 8,228 268,867

$

16,747 53,753 30,799 138 1,210 92 7,297 130,184 240,220 12,095 (4,516) 7,579 92 7,671 247,891

$

18,562 52,952 27,793 138 1,202 66 5,561 124,738 231,012 10,839 (4,904) 5,935 28 5,963 236,975

19% 14% (26%) (17%) 24% (27%) (32%) (31%) (20%) (2%) NM (39%) (69%) (40%) (21%)

11% (1%) (10%) (1%) (28%) (24%) (4%) (4%) (10%) (9%) (22%) (70%) (22%) (4%)

$

$

L-4

$

$

462% 454% 1221%

$

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

Individual

Other

Annuity

Retail

Individual

Group

Life

Institutional Solutions

Retirement

Benefits

Plans

International

Group

Total

YEAR-TO-DATE Balance, December 31, 2008 Adjustments to unrealized gains and losses on securities available - for - sale and other Balance excluding adjustments to unrealized gains and losses on securities available - for - sale and other Capitalization Amortization - Deferred Policy Acquisition Costs Amortization - Present Value of Future Profits Amortization - Realized Capital Gains / Losses Amortization - Unlock - Core Amortization - Unlock - Non-core Effect of Currency Translation Adjustment Balance, March 31, 2009 Adjustments to unrealized gains and losses on securities available - for - sale and other Balance, March 31, 2009 including adjustments to unrealized gains and losses on securities available-for-sale and other

$

$

108

$

$

3,027

$

81

$

(430)

4,416 65 (88) (1) (174) (1,011) (13) 3,194

66 9 (14) 61

2,597 64 (34) (6) 4 (103) 2,522

81 17 (14) 84

668 31 (5) (1) 7 (78) (4) 618

369

(1)

359

4,877

$

66 6 511 71 1,011 (1,521) (532) (989) 4 (985)

61

$

Other Retail $

$

2,891

Individual Life -

$

$

-

877

(42)

Individual Annuity $

$

(1,277)

1,683

Effect of Unlock [2] - March 31, 2009 Mutual Fund and Other Fees (Unearned Revenue) Reinsurance Premiums Death Benefits Change in Reserves Sales Inducements Amortization of DAC Other Expenses Effect of Unlock on Earnings before income taxes Income tax (benefit) expense Effect of Unlock on Core Earnings Net realized gains (losses), net of tax and DAC, excluded from core earnings Effect of Unlock on Net Income

5,693

$

83

$

$

$

977

$

$

3 2 78 (83) (29) (54) (3) (57)

2,092 32 (56) (5) (138) 3 (159) 1,769

156

$

1,784

$

$

(1) 511 1 138 (651) (227) (424) 2 (422)

155 4 (5) 154

10,075 222 (216) (8) (168) (1,330) (14) (159) 8,402

155

2,426 $

Institutional Solutions Group $

$

11,988 (1,913)

1

International $

$

(1)

15

[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

$

46

Retirement Plans -

2,046

(209)

Group Benefits 63 103 (40) (14) (26) (0) (26)

$

10,828

HFSG Corporate [1]

Total Life -

$

$

128 6 1,025 74 1,330 (2,295) (802) (1,493) 3 (1,490)

$

$

Total Company 6 (6) (2) (4) (4)

$

$

128 6 1,025 74 1,330 6 (2,301) (804) (1,497) 3 (1,494)

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE SUPPLEMENTAL DATA - ANNUITY DEATH AND INCOME BENEFITS As of March 31, 2009 NET AMT AT % of NAR RISK REINSURED

ACCOUNT VALUE

BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE Maximum anniversary value (MAV) [1] MAV only with 5% rollup [2] with Earnings Protection Benefit Rider (EPB) [3] with 5% rollup & EPB Total MAV Asset Protection Benefit (APB) [4] Lifetime Income Benefit (LIB) - Death Benefit [5] Reset [6] (5-7 years) Return of Premium [7]/Other SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS

$

$

23,212 1,689 4,698 676 30,275 23,290 1,038 3,093 16,757 74,453

$

101,020

JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]

$

$

15,815 1,238 2,707 437 20,197 9,335 550 1,313 4,592 35,987 8,960

15%

$

44,947

41%

26,567

TOTAL As of March 31, 2008

OTHER DATA U.S. VARIABLE ANNUITY BUSINESS S&P 500 Index Value at end of period Total Account Value Retained net amount of risk GMDB net GAAP liability [9] JAPAN VARIABLE ANNUITY BUSINESS Total Account Value Retained net amount of risk GMDB/GMIB net GAAP liability [9]

$

$

1,322.70 115,212 3,633 203 36,777 2,151 39

As of June 30, 2008

$

$

1,280.00 112,786 4,067 208 35,910 1,706 37

As of September 30, 2008

$

$

1,164.74 99,118 8,565 304 32,706 3,716 178

[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

66% 58% 90% 81% 69% 33% -% -% 6% 48%

RETAINED NAR $

$

5,452 519 277 85 6,333 6,212 550 1,312 4,319 18,726

$

26,345

7,619

As of December 31, 2008

$

$

903.25 81,128 17,149 275 29,726 7,761 198

As of March 31, 2009

$

$

797.87 74,453 18,726 749 26,567 7,619 679

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 Liability for reinsurance in unauthorized companies Net statutory reinsurance reserve credit

$

3,018

$

(2) 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 Statutory Capital and Surplus

$

5,601

$

732 10,828 2,597 (5,496) (8,623) 172 393 (241) 5,963

December 31, 2008 $

6,046

$

2,960 11,988 1,461 (7,224) (8,465) 177 376 260 7,579

GAAP Adjustments Investment in subsidiaries Deferred policy acquisition costs Deferred taxes Benefit reserves Unrealized losses on investments, net of impairments Asset valuation reserve and interest maintenance reserve Goodwill Other, net GAAP Stockholders' Equity

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

Revenues Premiums and other considerations Variable annuity fees Other fees [2] Total fee income

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 $

Direct premiums Reinsurance premiums [2] Net premiums Total premiums and other considerations Net investment income Net investment income on G/A assets

497 33 530

$

495 34 529

$

454 59 513

$

335 31 366

March 31, 2009 $

Year Over Year 3 Month Change

Sequential 3 Month Change

302 93 395

(39%) 182% (25%)

(10%) NM 8%

24 (30) (6)

24 (31) (7)

29 (18) 11

22 (24) (2)

18 (16) 2

(25%) 47% NM

(18%) 33% NM

524

522

524

364

397

(24%)

9%

162

209

210

198

169

(19%)

4%

Net investment income on assigned capital [5] Charge for invested capital

19 (33)

20 (32)

22 (30)

31 (7)

13 2

(32%) NM

(58%) NM

Total net investment income Net realized capital gains (losses) - core

195 3

198 1

190 -

186 (2)

184 -

(6%) (100%)

(1%) 100%

722 (759) (37)

721 (71) 650

714 (483) 231

548 (595) (47)

581 486 1,067

(20%) NM NM

6% NM NM

13 18 14 13 150 208

13 18 13 12 148 204

131 24 14 73 159 401

35 27 11 2 162 237

555 22 4 80 169 830

NM 22% (71%) NM 13% NM

NM (19%) (64%) NM 4% NM

253 52 3 308 (167)

242 62 2 306 (157)

214 56 3 273 (144)

175 56 5 236 (109)

135 49 4 188 (65)

(47%) (6%) 33% (39%) 61%

(23%) (13%) (20%) (20%) 40%

141 164

149 157

129 1,096

127 86

123 1,100

(13%) NM

(3%) NM

-

-

-

422

-

-

(100%)

2,053 (1,472) (548) (924) 178 (746)

NM NM NM NM NM NM

135% NM NM NM NM (12%)

(445.9) (360.0)

NM NM

NM (27%)

Total core revenues Net realized gains (losses) and other, before tax and DAC, excluded from core revenues Total revenues Benefits and Expenses Benefits and losses Death benefits [2] Other contract benefits Change in reserve Sales inducements [2] Interest credited on G/A assets Total benefits and losses Other insurance expenses Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs Total other insurance expense Amortization of deferred policy acquisition costs [2] Goodwill impairment [4] Total benefits and expenses Core earnings (loss) before income taxes Income tax expense (benefit) [1] [2] Core earnings (loss) [2] Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings [2] [3] Net income (loss) [2]

$

RETURN ON ASSETS (After-tax bps) Core earnings Net income (loss)

513 209 35 174 (264) (90) 56.3 (29.1)

$

510 211 22 189 (33) 156 64.7 53.4

$

1,626 (912) (360) (552) (282) (834) (202.0) (305.1)

$

872 (324) (126) (198) (470) (668) (83.9) (283.1)

$

[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 Other Fees Reinsurance Premiums Death Benefits Sales Inducements Amortization of deferred policy acquisition costs Income tax expense (benefit) Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings

$24 $5 $116 $62 $959 ($387) ($10)

March 31, 2009 $66 $6 $511 $71 $1,011 ($532) $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]

Revenues Premiums and other considerations Variable annuity fees Mutual fund and other fees Total fee income Net investment loss Net investment loss on G/A assets

March 31, 2008 $

4 213 217

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008 $

4 224 228

$

3 208 211

$

Year Over Year 3 Month Change

March 31, 2009

2 158 160

$

142 142

(1)

(3)

(3)

(4)

(3)

Net investment loss on assigned capital

(3)

(3)

(3)

(2)

(1)

Total net investment loss

(4)

(6)

(6)

(6)

(4)

Total core revenues Net realized losses, before tax and DAC, excluded from core revenues Total revenues

213

222

-

-

213

222

149 40 4 193

158 40 3 201

205

(100%) (33%) (35%) NM 67%

Sequential 3 Month Change (100%) (10%) (11%) 25% 50%

-

33%

154

138

(35%)

-

-

-

-

204

154

138

(35%)

(10%)

143 34 5 182

103 30 6 139

97 29 5 131

(35%) (28%) 25% (32%)

(6%) (3%) (17%) (6%)

(1)

(10%)

Benefits and Expenses Other insurance expenses Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs

(22)

(23)

(17)

(12)

Total other insurance expense Amortization of deferred policy acquisition costs [1]

171 22

178 22

165 22

127 30

122 14

193

200

187

157

20

22

18

(3)

7 13

8 14

5 13

(1) (2)

Total benefits and expenses Core earnings (loss) before income taxes Income tax expense (benefit) [1] Core earnings (loss) [1] Net realized gains (losses), net of tax and DAC, excluded from core earnings Net income (loss) [1] RETURN ON ASSETS (After-tax bps) Core earnings Net income

$

13

10.6 10.6

$

14

11.5 11.5

(1) $

12

$

11.1 10.3

[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

(9)

(2)

(2.1) (2.1)

$

59%

25%

(29%) (36%)

(4%) (53%)

136

(30%)

(13%)

2

(90%)

NM

1 1

(86%) (92%)

NM NM

1

-

-

2

(85%)

NM

1.3 2.6

(88%) (75%)

NM NM

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE RETAIL PRODUCTS GROUP SUPPLEMENTAL DATA - DEPOSITS Year Over

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 Individual Annuity Broker-dealer Banks Total deposits by distribution

$

Variable Fixed MVA/other Total deposits by product Retail Mutual Funds 529 College Savings Plan/Specialty Products/Other [1] Total Retail Products Group

$

1,677 938 2,615

$

1,574 982 2,556

$

1,502 832 2,334

$

1,266 742 2,008

March 31, 2009 $

Year 3 Month Change

Sequential 3 Month Change

949 386 1,335

(43%) (59%) (49%)

(25%) (48%) (34%)

2,546 69 2,615

2,233 323 2,556

1,948 386 2,334

1,160 848 2,008

702 633 1,335

(72%) NM (49%)

(39%) (25%) (34%)

3,966

3,967

3,614

2,565

2,250

(43%)

(12%)

183

153

141

80

57

(69%)

(29%)

3,642

(46%)

(22%)

6,764

$

6,676

$

6,089

$

4,653

$

[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

March 31, 2008 INDIVIDUAL ANNUITY General account Non-guaranteed separate account Total Individual Annuity

$ $

June 30, 2008

15,126 102,924 118,050

$

5,126 102,794 107,920

$

$

Sept. 30, 2008

15,275 100,436 115,711

$

5,039 100,306 105,345

$

$

Dec. 31, 2008

15,650 87,287 102,937

$

5,081 87,169 92,250

$

$

Year Over Year 3 Month Change

Sequential 3 Month Change

16,499 63,414 79,913

9% (38%) (32%)

3% (9%) (7%)

4,839 63,327 68,166

(6%) (38%) (37%)

(1%) (9%) (9%)

March 31, 2009

16,051 69,805 85,856

$

4,866 69,712 74,578

$

$

BY PRODUCT Individual Annuity Individual Variable Annuities General account Non-guaranteed separate account Total individual variable annuities

$

Fixed MVA & other individual annuities Total Individual Annuity Specialty Products/Other - Segregated Assets [1] Mutual Fund Assets Retail mutual fund assets Specialty Product/Other mutual fund assets [1] 529 College Savings Plan assets Total Mutual Fund Assets Total Retail Products Group Assets Under Management

$

10,130 118,050

10,366 115,711

10,687 102,937

11,278 85,856

11,747 79,913

16% (32%)

4% (7%)

604

578

500

398

-

(100%)

(100%)

44,617 1,022 1,121 46,760

47,239 1,126 1,150 49,515

40,903 1,071 1,013 42,987

31,032 826 852 32,710

28,706 837 29,543

(36%) (100%) (25%) (37%)

(7%) (100%) (2%) (10%)

109,456

(34%)

(8%)

165,414

$

165,804

$

146,424

$

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

L - 12

118,964

$

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE RETAIL PRODUCTS GROUP SUPPLEMENTAL DATA - INDIVIDUAL ANNUITY - ACCOUNT VALUE ROLLFORWARD [1] March 31, 2008 VARIABLE ANNUITIES

Beginning balance

$

Deposits Surrenders Death benefits/annuity payouts Transfers [2] Net Flows Change in market value/change in reserve/interest credited Other [3]

FIXED MVA AND OTHER

$

2,546 (3,338) (445) (2) (1,239) (9,911) (1)

THREE MONTHS ENDED Sept. 30, Dec. 31, 2008 2008

107,920

$

2,233 (3,331) (460) (20) (1,578) (1,016) 19

105,345

$

1,948 (3,058) (404) (26) (1,540) (11,544) (11)

92,250

March 31, 2009 $

1,160 (2,671) (342) (25) (1,878) (15,778) (16)

74,578 702 (2,288) (349) (29) (1,964) (4,443) (5)

Ending balance

$

107,920

$

105,345

$

92,250

$

74,578

$

68,166

Beginning balance

$

10,243

$

10,130

$

10,366

$

10,687

$

11,278

Deposits Surrenders Death benefits/annuity payouts Transfers [2] Net Flows Change in market value/change in reserve/interest credited

TOTAL INDIVIDUAL ANNUITY

119,071

June 30, 2008

69 (219) (118) 49 (219) 106

323 (175) (102) 71 117 119

386 (131) (101) 57 211 110

848 (308) (112) 55 483 108

633 (238) (113) 55 337 132

Ending balance

$

10,130

$

10,366

$

10,687

$

11,278

$

11,747

Beginning balance

$

129,314

$

118,050

$

115,711

$

102,937

$

85,856

Deposits Surrenders Death benefits/annuity payouts Transfers [2] Net Flows Change in market value/change in reserve/interest credited Other [3]

2,615 (3,557) (563) 47 (1,458) (9,805) (1)

Ending balance

$

118,050

2,556 (3,506) (562) 51 (1,461) (897) 19 $

115,711

2,334 (3,189) (505) 31 (1,329) (11,434) (11) $

102,937

[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

2,008 (2,979) (454) 30 (1,395) (15,670) (16) $

85,856

1,335 (2,526) (462) 26 (1,627) (4,311) (5) $

79,913

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

THREE MONTHS ENDED June 30, Sept. 30, 2008 2008

March 31, 2008

Dec. 31, 2008

March 31, 2009

RETAIL MUTUAL FUNDS Beginning balance

$

Deposits Redemptions Net Sales Change in market value Other [1]

48,383

$

3,966 (2,845) 1,121 (4,854) (33) Ending balance

$

44,617

44,617

$

3,967 (2,066) 1,901 761 (40) $

[1] Includes front end loads on A share products

L - 14

47,239

47,239

$

3,614 (2,798) 816 (7,117) (35) $

40,903

40,903

$

2,565 (3,563) (998) (8,852) (21) $

31,032

31,032 2,250 (2,750) (500) (1,807) (19)

$

28,706

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

March 31, 2008

Revenues

June 30, 2008

Sept. 30, 2008

Dec. 31, 2008

March 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

Premiums and other considerations

Variable life fees Cost of insurance charges Other fees [1] Total fee income

$

18 140 63 221

$

28 (46)

Direct premiums Reinsurance premiums

19 143 75 237

$

30 (49)

16 145 59 220

$

31 (46)

12 150 59 221

$

32 (51)

11 152 130 293

(39%) 9% 106% 33%

(8%) 1% 120% 33%

31 (50)

11% (9%)

(3%) 2%

(18)

(19)

(15)

(19)

(19)

(6%)

203

218

205

202

274

35%

Net investment income on G/A assets

92

95

87

77

82

(11%)

6%

Net investment income on assigned capital Charge for invested capital

4 (8)

4 (7)

5 (8)

3 (6)

2 (5)

(50%) 38%

(33%) 17%

Total net investment income Net realized capital losses - core

88 -

92 -

84 (1)

74 (1)

79 (1)

(10%) -

7% -

291

310

288

275

352

(35)

(25)

(169)

(21)

(33)

256

285

119

254

Net premiums Total premiums and other considerations

36%

Net investment income

Total core revenues Net realized losses and other, before tax and DAC, excluded from core revenues Total revenues

21%

28%

6%

(57%)

319

25%

26%

94 5 2 1 62

3% NM -

NM (5%)

Benefits and Expenses Benefits and losses

Death benefits Other contract benefits Change in reserve [1] Sales inducements Interest credited on G/A assets

91 5 (4) 62

Total benefits and losses

88 5 (3) 63

86 5 4 64

94 5 (3) 65

154

153

159

161

164

6%

2%

59 64 12 135 (88)

57 70 13 140 (89)

60 66 14 140 (91)

67 69 13 149 (94)

39 61 12 112 (64)

(34%) (5%) 9% (17%) 27%

(42%) (12%) (8%) (25%) 32%

47 32

51 44

49 74

55 21

48 143

2% NM

(13%) NM

233

248

282

237

355

52%

50%

58 17 41 (21)

62 19 43 (13)

6 (2) 8 (110)

38 12 26 (17)

(3) (3) (18)

NM NM (100%) 14%

NM NM (100%) (6%)

(18)

NM

NM

0.0% (5.6%)

(14.1) (13.4)

(9.5) (9.1)

Other insurance expenses

Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs Total other insurance expense Amortization of deferred policy acquisition costs and present value of future profits [1] Total benefits and expenses Core earnings (loss) before income taxes Income tax expense (benefit) [1] Core earnings [1] Net realized losses and other, net of tax and DAC, excluded from core earnings [1] Net income (loss) [1]

$

Earnings Margin (After-tax) Core earnings Net income

20 14.1% 7.8%

$

30

$

13.9% 10.5%

(102) 2.8% (85.7%)

$

9 9.5% 3.5%

$

[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

Other Fees Change in Reserves Amortization of deferred policy acquisition costs Income tax expense (benefit) Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings

$

(26) 5 26 (20) (7)

L - 15

March 31, 2009

$

63 103 (14) -

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE INDIVIDUAL LIFE SUPPLEMENTAL DATA Year Over THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008

SALES BY DISTRIBUTION Wirehouse Banks Independent Other Total sales by distribution SALES BY PRODUCT Variable Life Universal life/whole life Term life/other Total sales by product ACCOUNT VALUE General account Separate account Total account value ACCOUNT VALUE BY PRODUCT Variable life Universal life/interest sensitive whole life Modified guaranteed life Other Total account value by product LIFE INSURANCE IN-FORCE Variable life Universal life/interest sensitive whole life Term life Modified guaranteed life Other Total life insurance in-force

$

$

24 9 29 3 65

$

28 32 5 65

$ $ $

$

$

$

5,688 6,091 11,779 6,620 4,485 551 123 11,779

78,145 49,415 54,369 662 307 182,898

$

$

25 9 32 4 70

$

23 40 7 70

$ $ $

$

$

$

5,768 6,090 11,858 6,625 4,569 542 122 11,858

78,557 50,298 57,371 648 299 187,173

L - 16

$

$

24 9 31 5 69

$

22 41 6 69

$ $ $

$

$

$

5,863 5,308 11,171 5,848 4,663 537 123 11,171

78,809 51,355 60,261 637 299 191,361

$

March 31, 2009

$

22 8 36 4 70

$

18 45 7 70

$ $ $

$

$

$

$

Year 3 Month Change

Sequential 3 Month Change

$

13 5 16 3 37

(46%) (44%) (45%) (43%)

(41%) (38%) (56%) (25%) (47%)

$

8 23 6 37

(71%) (28%) 20% (43%)

(56%) (49%) (14%) (47%)

5,983 3,998 9,981

5% (34%) (15%)

1% (6%) (2%)

4,550 4,788 522 121 9,981

(31%) 7% (5%) (2%) (15%)

(5%) 1% (1%) (2%) (2%)

77,913 52,711 65,318 612 299 196,853

7% 20% (8%) (3%) 8%

(1%) 1% 3% (2%) 1% 1%

5,926 4,256 10,182

$

4,802 4,727 529 124 10,182

$

78,853 52,356 63,334 624 297 195,464

$

$

$

$

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

VARIABLE LIFE

March 31,

June 30,

Sept. 30,

Dec. 31,

March 31,

2008

2008

2008

2008

2009

Beginning balance $

7,284

First year & single premiums Renewal premiums Premiums and deposits Surrenders Death benefits

74 142 216 (90) (16) 110 (131) (643)

Net Flows

Policy fees Change in market value/interest credited

OTHER [1]

6,620

$

74 140 214 (99) (20) 95 (123) 33

6,625

$

63 139 202 (76) (20) 106 (128) (755)

5,848

$

63 149 212 (79) (13) 120 (137) (1,029)

4,802 30 130 160 (67) (13) 80 (123) (209)

Ending balance $

6,620

$

6,625

$

5,848

$

4,802

$

4,550

Beginning balance $

5,065

$

5,159

$

5,233

$

5,323

$

5,380

First year & single premiums Renewal premiums Premiums and deposits Surrenders Death benefits

117 121 238 (46) (21) 171 (132) 55

Net Flows

Policy fees Change in market value/interest credited

TOTAL INDIVIDUAL LIFE

$

108 120 228 (54) (24) 150 (133) 57

125 123 248 (53) (22) 173 (139) 56

145 136 281 (76) (55) 150 (152) 59

99 128 227 (67) (27) 133 (138) 56

Ending balance $

5,159

$

5,233

$

5,323

$

5,380

$

5,431

Beginning balance $

12,349

$

11,779

$

11,858

$

11,171

$

10,182

First year & single premiums Renewal premiums Premiums and deposits Surrenders Death benefits Net Flows Policy fees Change in market value/interest credited

191 263 454 (136) (37) 281 (263) (588)

Ending balance $

11,779

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

L - 17

182 260 442 (153) (44) 245 (256) 90 $

11,858

188 262 450 (129) (42) 279 (267) (699) $

11,171

208 285 493 (155) (68) 270 (289) (970) $

10,182

129 258 387 (134) (40) 213 (261) (153) $

9,981

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

March 31, 2008

Revenues

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

Premiums and other considerations

ASO fees Other fees Total fee income

$

Direct premiums Reinsurance premiums Net premiums Total premiums and other considerations

9 (1) 8

$

9 1 10

$

9 9

$

9 (1) 8

$

11 1 12

22% NM 50%

22% NM 50%

7% (34%) 6% 6%

5% (49%) 2% 3%

1,031 35 1,066 1,074

1,060 30 1,090 1,100

1,061 39 1,100 1,109

1,055 45 1,100 1,108

1,103 23 1,126 1,138

88

95

92

71

83

Net investment income

Net investment income on G/A assets Net investment income on assigned capital Total net investment income Net realized capital losses - core Total core revenues Net realized gains (losses), before tax and DAC, excluded from core revenues Total revenues

18 106 1,180 (36) 1,144

18 113 1,213 (37) 1,176

290 475 23 788

316 469 26 811

Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs

148 135 19 302 (17)

Total other insurance expense Amortization of deferred policy acquisition costs

19 111 (1) 1,219 (440) 779

(6%)

17%

18 89 1,197 (26) 1,171

8 91 (1) 1,228 4 1,232

(56%) (14%) 4% NM 8%

(56%) 2% 3% NM 5%

321 463 (4) 780

284 460 21 765

335 457 68 860

16% (4%) 196% 9%

18% (1%) NM 12%

128 145 12 285 (15)

144 134 21 299 (16)

146 145 20 311 (21)

125 134 22 281 (17)

(16%) (1%) 16% (7%) -

(14%) (8%) 10% (10%) 19%

285 13

270 14

283 15

290 15

264 14

(7%) 8%

(9%) (7%)

1,086 94

1,095 118

1,078 141

1,070 127

1,138 90

5% (4%)

6% (29%)

24

33

41

37

24

-

(35%)

70 (24)

85 (23)

100 (286)

90 (18)

66 3

(6%) NM

(27%) NM

69

50%

(4%)

Benefits and Expenses Benefits and losses

Death benefits Other contract benefits Change in reserve Total benefits and losses Other insurance expenses

Total benefits and expenses Core earnings before income taxes Income tax expense Core earnings Net realized gains (losses), net of tax and DAC, excluded from core earnings Net income (loss) After-Tax Profit as % of Revenues Core earnings Net income

$

46

5.9% 4.0%

L - 18

$

62

7.0% 5.3%

$

(186)

8.2% (23.9%)

$

72

7.5% 6.1%

$

5.4% 5.6%

(0.5) 1.6

(2.1) (0.5)

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

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 PREMIUMS

Fully Insured - Ongoing Premiums Group disability Group life Other Total fully insured - ongoing premiums Total buyouts [1] Total premiums Group disability - premium equivalents [2] Total premiums and premium equivalent

SALES (GROSS ANNUALIZED NEW PREMIUMS)

Fully Insured - Ongoing Sales Group disability Group life Other Total fully insured - ongoing sales Total buyouts [1] Total sales Group disability premium equivalents [2] Total sales and premium equivalents

RATIOS [3]

Loss Ratio Expense Ratio

GAAP RESERVES [4]

Group disability Group life Other Total GAAP reserves

$

$ $

$

480 508 78 1,066 1,066 85 1,151 190 186 5 381 381 95 476

$

$ $

$

73.4% 27.7% $

$

4,657 1,320 146 6,123

497 526 67 1,090 1,090 85 1,175 54 76 5 135 135 6 141

$

$ $

$

73.7% 25.8% $

$

4,699 1,331 112 6,142

490 534 75 1,099 1 1,100 85 1,185 66 87 5 158 1 159 7 166

$

$ $

$

70.3% 26.9% $

$

4,717 1,319 98 6,134

March 31, 2009

517 516 67 1,100 1,100 83 1,183 65 75 6 146 146 24 170

$ $

$

69.0% 27.5% $

$

4,727 1,333 100 6,160

[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

$

$

$

Year Over Year 3 Month Change

Sequential 3 Month Change

518 543 65 1,126

8% 7% (17%) 6%

5% (3%) 2%

1,126 92 1,218

6% 8% 6%

2% 11% 3%

204 188 8 400

7% 1% 60% 5%

NM 151% 33% 174%

400 62 462

5% (35%) (3%)

174% 158% 172%

75.6% 24.4%

2.2 (3.3)

6.6 (3.1)

4,771 1,336 92 6,199

2% 1% (37%) 1%

1%

-

(8%) 1%

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE RETIREMENT PLANS INCOME STATEMENTS THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008

Revenues Premiums and other considerations Variable annuity and life fees Mutual fund and other fees Total fee income

$

Direct premiums Total premiums and other considerations Net investment income Net investment income on G/A assets Net investment income on assigned capital Charge for invested capital Total net investment income Net realized losses - core Total core revenues Net realized losses, before tax and DAC, excluded from core revenues Total revenues Benefits and Expenses Benefits and losses Death benefits [1] Other contract benefits Change in reserve Sales inducements [1] Interest credited on G/A assets Total benefits and losses Other insurance expenses Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs Total other insurance expense Amortization of deferred policy acquisition costs [1] Total benefits and expenses Core earnings (loss) before income taxes Income tax expense (benefit) [1] [2] Core earnings (loss) [1] Net realized losses, net of tax and DAC, excluded from core earnings [1] Net income (loss) [1]

$

56 12 68

$

57 40 97

$

55 39 94

$

March 31, 2009 41 34 75

$

40 32 72

Year Over Year 3 Month Change (29%) 167% 6%

Sequential 3 Month Change (2%) (6%) (4%)

1

1

1

1

1

69

98

95

76

73

6%

-

-

85

88

83

72

76

(11%)

6%

4 89 (1)

4 (1) 91 (1)

4 87 -

3 75 (2)

1 77 (2)

(75%) (13%) (100%)

(67%) 3% -

(4%)

157

188

182

149

148

(6%)

(1%)

(35)

(18)

(181)

(34)

(57)

(63%)

(68%)

122

170

115

91

(25%)

(21%)

-

NM (5%)

1

11 (5) 59

12 (5) 59

1 11 (6) 2 62

11 (5) (1) 66

4 11 (5) 1 63

65

66

70

71

74

14%

4%

30 68 1 99 (38)

36 88 6 130 (38)

34 89 7 130 (35)

31 82 5 118 (31)

34 70 6 110 (31)

13% 3% NM 11% 18%

10% (15%) 20% (7%) -

61 9

92 7

95 83

87 1

79 84

30% NM

(9%) NM

135

165

248

159

237

76%

49%

22 5

23 (10)

(66) (30)

(10) (7)

(89) (35)

17

33

(36)

(3)

(54)

NM

NM

(22)

(2)

(124)

(20)

(34)

(55%)

(70%)

(88)

NM

NM

(5)

$

31

$

(160)

$

(23)

$

7%

NM NM

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

Death Benefits Sales Inducements Amortization of deferred policy acquisition costs Income tax expense (benefit) Less: Net realized gains (losses), net of tax and DAC, excluded from core earnings

$

1 1 75 (29) (1)

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

L - 20

March 31, 2009

$

3 2 78 (29) (3)

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE RETIREMENT PLANS SUPPLEMENTAL DATA - DEPOSITS THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 401(k) Annuity - plan/participant rollovers Annuity - ongoing contributions Total 401(k) Annuity Mutual funds Total 401(k) 403(b)/457 Annuity - plan/participant rollovers Annuity - ongoing contributions Total 403(b)/457 Annuity Mutual funds Total 403(b)/457

$

739 643 1,382 441 1,823

$

506 569 1,075 836 1,911

$

487 579 1,066 862 1,928

$

418 555 973 687 1,660

March 31, 2009

$

Year Over Year 3 Month Change

Sequential 3 Month Change

530 623 1,153 684 1,837

(28%) (3%) (17%) 55% 1%

27% 12% 18% 11%

143 257 400 26 426

57 339 396 43 439

79 314 393 13 406

38 285 323 13 336

57 300 357 35 392

(60%) 17% (11%) 35% (8%)

50% 5% 11% 169% 17%

1,382 400 1,782 467 2,249

1,075 396 1,471 879 2,350

1,066 393 1,459 875 2,334

973 323 1,296 700 1,996

1,153 357 1,510 719 2,229

(17%) (11%) (15%) 54% (1%)

18% 11% 17% 3% 12%

Total Retirement 401(k) Annuity 403(b)/457 Annuity Total Retirememt Plans Annuity deposits Mutual funds Total Retirement Plans Deposits

L - 21

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

March 31, 2008

June 30, 2008

Sept. 30, 2008

Dec. 31, 2008

March 31, 2009

Year 3 Month Change

Sequential 3 Month Change

401(k) General account Non-guaranteed separate account Total 401(k) - Annuity account value Mutual fund assets [1] Total 401(k) Assets Under Management 403(b)/457 General account Non-guaranteed separate account Total 403(b)/457 - Annuity account value Mutual fund assets Total 403(b)/457 Assets Under Management

TOTAL RETIREMENT General account Non-guaranteed separate account Total Retirement Plans account value Mutual fund assets Total Retirement Plans Assets Under Management RECORDKEEPING ONLY BUSINESS Assets Under Administration [1] Number of Participants [2]

$ $ $

$ $ $

$ $ $

$

1,354 13,059 14,413 20,005 34,418

$

4,850 7,076 11,926 66 11,992

$

6,204 20,135 26,339 20,071 46,410

$

5,666 142,537

$

$ $

$ $

$ $

1,365 13,467 14,832 19,748 34,580

$

5,022 7,175 12,197 106 12,303

$

6,387 20,642 27,029 19,854 46,883

$

6,282 155,618

$

$ $

$ $

$ $

1,446 12,290 13,736 18,022 31,758

$

5,238 6,194 11,432 104 11,536

$

6,684 18,484 25,168 18,126 43,294

$

5,853 155,373

$

$ $

$ $

$ $

1,499 10,457 11,956 14,739 26,695

$

5,292 4,950 10,242 99 10,341

$

6,791 15,407 22,198 14,838 37,036

$

5,122 155,914

$

$ $

$ $

$ $

1,538 10,310 11,848 14,017 25,865

14% (21%) (18%) (30%) (25%)

3% (1%) (1%) (5%) (3%)

5,456 4,548 10,004 127 10,131

12% (36%) (16%) 92% (16%)

3% (8%) (2%) 28% (2%)

6,994 14,858 21,852 14,144 35,996

13% (26%) (17%) (30%) (22%)

3% (4%) (2%) (5%) (3%)

5,024 165,038

(11%) 16%

(2%) 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, 2008

June 30, 2008

Sept. 30, 2008

Dec. 31, 2008

March 31, 2009

401(k) GROUP ANNUITY ACCOUNT VALUE [1]

Beginning balance Deposits Surrenders Death benefits/annuity payouts Net Flows Change in market value/change in reserve/interest credited Ending balance

$

14,731 1,382 (617) (9) 756 (1,074) 14,413

$

Beginning balance Deposits Surrenders Death benefits/annuity payouts Net Flows Change in market value/change in reserve/interest credited

$

12,363 400 (244) (12) 144 (581)

Ending balance

$

Beginning balance Deposits Surrenders Net Flows Acquisitions Change in market value/change in reserve/interest credited Ending balance

$

$

14,413 1,075 (591) (11) 473 (54) 14,832

$

$

11,926 396 (245) (13) 138 133

11,926

$

1,454 467 (345) 122 18,725 (230) 20,071

$

$

14,832 1,066 (610) (10) 446 (1,542) 13,736

$

$

12,197 393 (240) (12) 141 (906)

12,197

$

20,071 879 (1,109) (230) 13 19,854

$

$

13,736 973 (625) (9) 339 (2,119) 11,956

$

$

11,432 323 (330) (12) (19) (1,171)

$

10,242 357 (225) (11) 121 (359)

11,432

$

10,242

$

10,004

19,854 875 (836) 39 (1,767) 18,126

$

18,126 700 (1,077) (377) (2,911) 14,838

$

14,838 719 (662) 57 (751) 14,144

$

$

11,956 1,153 (635) (8) 510 (618) 11,848

403(b)/457 GROUP ANNUITY ACCOUNT VALUE [1]

MUTUAL FUND ASSETS [2] [3]

$

$

$

$

$

TOTAL RETIREMENT

Beginning balance Deposits Surrenders Death benefits/annuity payouts Net Flows Acquisitions Change in market value/change in reserve/interest credited

$

28,548 2,249 (1,206) (21) 1,022 18,725 (1,885)

$

46,410 2,350 (1,945) (24) 381 92

$

46,883 2,334 (1,686) (22) 626 (4,215)

$

43,294 1,996 (2,032) (21) (57) (6,201)

$

37,036 2,229 (1,522) (19) 688 (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

March 31, 2008 CORE EARNINGS Japan operations Other international operations

June 30, 2008

THREE MONTHS ENDED Sept. 30, 2008

Dec. 31, 2008

March 31, 2009

Year Over Year 3 Months Change

Sequential 3 Months Change

$

70 $ (3)

64 $ -

(59) $ (16)

(111) 1

$

(430) (25)

NM NM

NM NM

Core earnings (loss) $ Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings

67 $ (59)

64 $ 8

(75) $ (32)

(110) (188)

$

(455) 162

NM NM

NM NM

$

8 $

72 $

(107) $

(298)

$

(293)

NM

2%

$

944 $ 172

863 $ 149

868 $ 231

291 43

$

202 21

(79%) (88%)

(31%) (51%)

$

1,116 $

1,012 $

1,099 $

334

$

223

(80%)

(33%)

¥

99,140 ¥ 17,558

90,334 ¥ 15,609

93,342 ¥ 24,985

28,200 4,016

¥

18,924 1,973

(81%) (89%)

(33%) (51%)

¥

116,698 ¥

105,943 ¥

118,327 ¥

32,216

¥

20,897

(82%)

(35%)

$

520 $ 143

469 $ 128

383 $ 196

(3,087) 1,962

$

(80) (49)

NM NM

97% NM

$

663 $

597 $

579 $

(1,125)

$

(129)

NM

89%

¥

54,447 ¥ 14,580

49,111 ¥ 13,396

41,213 ¥ 21,193

(309,214) 177,526

¥

(7,485) (4,631)

NM NM

98% NM

¥

69,027 ¥

62,507 ¥

62,406 ¥

(131,688)

¥

(12,116)

NM

91%

$

36,777 $ 2,198

35,910 $ 2,212

32,706 $ 2,416

29,726 4,769

$

26,567 4,379

(28%) 99%

(11%) (8%)

$

38,975 $

38,122 $

35,122

$

34,495

$

30,946

(21%)

(10%)

¥

3,660,549 ¥ 218,854

3,806,639 ¥ 234,442

3,472,208 ¥ 256,542

2,694,696 432,267

¥

2,624,041 432,525

(28%) 98%

(3%) -

¥

3,879,403 ¥

4,041,081 ¥

3,728,750 ¥

3,126,963

¥

3,056,566

(21%)

(2%)

Net income (loss) JAPAN DEPOSITS - Dollars Individual Annuity Variable Fixed MVA and other Total deposits by product JAPAN DEPOSITS - Yen Individual Annuity Variable Fixed MVA and other Total deposits by product JAPAN NET FLOWS - Dollars Individual Annuity Variable Fixed MVA and other Total net flows by product JAPAN NET FLOWS - Yen Individual Annuity Variable Fixed MVA and other Total net flows by product JAPAN AUM - Dollars Individual Annuity Variable Fixed MVA and other [1] Total AUM by product JAPAN AUM - Yen Individual Annuity Variable Fixed MVA and other [1] Total AUM by product

[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 THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008

Revenues

March 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

Premiums and other considerations

Variable annuity fees Other fees Total fee income

$

Reinsurance premiums

209 18 227

$

(2)

214 16 230

$

$

(2)

170 25 195

$

159 12 171

(2)

(24%) (33%) (25%)

(2)

(6%) (52%) (12%)

-

-

225

227

213

193

169

(25%)

(12%)

Net investment income on G/A assets

25

24

27

30

29

16%

Net investment income on assigned capital Total net investment income Net realized capital losses - core

1 26 (7)

1 25 (11)

2 29 (8)

21 51 (2)

12 41 (5)

NM 58% 29%

(43%) (20%) (150%)

241 3 244

234 (43) 191

242 (218) 24

205 260 465

(16%) NM NM

(15%) NM NM

Total premiums and other considerations

(3)

205 10 215

Net investment income

Total core revenues Net realized gains (losses) and other, before tax and DAC, excluded from core revenues Total revenues

244 (108) 136

(3%)

Benefits and Expenses Benefits and losses

Death and other benefits [1] Change in reserve Sales inducements Interest credited on G/A assets

8 8

6 8

146 1 9

70 11

554 58 (1) 12

NM 50%

NM 9%

Total benefits and losses

16

14

156

81

623

NM

NM

73 40 9 122 (69)

70 46 5 121 (63)

73 43 11 127 (67)

32 49 7 88 (22)

27 39 5 71 (14)

(63%) (3%) (44%) (42%) 80%

(16%) (20%) (29%) (19%) 36%

53 68

58 70

60 109

66 265

57 187

8% 175%

(14%) (29%)

137

142

325

412

867

NM

107 37

99 35

(91) (32)

(170) (59)

(662) (232)

NM NM

NM NM

70 (56) 14

64 5 69

(59) (22) (81)

(111) (154) (265)

(430) 167 (263)

NM NM NM

NM NM 1%

(525.7) (321.5)

NM NM

NM (6%)

Other insurance expenses

Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs Total other insurance expense Amortization of deferred policy acquisition costs [1] Total benefits and expenses Core earnings (loss) before income taxes Income tax expense (benefit) [1] Core earnings (loss) [1] [2] Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings Net Income (loss) [1]

$

RETURN ON ASSETS (After-tax bps) Core earnings [3] Net income [3]

73.1 14.6

$

66.4 71.6

$

(64.4) (88.5)

$

(127.6) (304.5)

$

[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 Death and other benefits Sales Inducements Amortization of deferred policy acquisition costs Income tax expense (benefit)

$

(7) $ 139 509 1 1 42 135 (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

110%

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

March 31, 2008 VARIABLE ANNUITIES

Beginning balance $ Deposits/Premiums/other Surrenders Death benefits/annuitizations/other [1] Transfers - 3 Win [1] Net Flows Change in market value/currency/change in reserve/interest credited Effect of currency translation

FIXED MVA AND OTHER [2]

$

944 (298) (126) 520 (3,722) 4,186

36,777

THREE MONTHS ENDED Sept. 30, Dec. 31, 2008 2008 $

863 (272) (122) 469 976 (2,312)

35,910

$

868 (370) (115) 383 (3,508) (79)

32,706

March 31, 2009 $

291 (297) (910) (2,171) (3,087) (4,662) 4,769

29,726 202 (127) (136) (19) (80) (774) (2,305)

Ending balance $

36,777

$

35,910

$

32,706

$

29,726

$

26,567

Beginning balance $

1,844

$

2,198

$

2,212

$

2,416

$

4,769

Deposits/Premiums/other Surrenders Death benefits/annuitizations/other [1] Transfers - 3 Win [1] Net Flows Change in market value/currency/change in reserve/interest credited Effect of currency translation

TOTAL JAPAN

35,793

June 30, 2008

172 (12) (17) 143 (17) 228

149 (7) (14) 128 21 (135)

231 (17) (18) 196 9 (1)

43 (62) (190) 2,171 1,962 (18) 409

21 (38) (51) 19 (49) 52 (393)

Ending balance $

2,198

$

2,212

$

2,416

$

4,769

$

4,379

Beginning balance $

37,637

$

38,975

$

38,122

$

35,122

$

34,495

Deposits/Premiums/other Surrenders Death benefits/annuitizations/other [1] Net Flows Change in market value/change in reserve/interest credited Effect of currency translation Ending balance $

1,116 (310)

1,012 (279)

1,099 (387)

334 (359)

223 (165)

(143) 663 (3,739) 4,414

(136) 597 997 (2,447)

(133) 579 (3,499) (80)

(1,100) (1,125) (4,680) 5,178

(187) (129) (722) (2,698)

38,975

$

38,122

$

35,122

[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

$

34,495

$

30,946

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

March 31, 2008 VARIABLE ANNUITIES

Beginning balance ¥ Deposits/Premiums/other Surrenders Death benefits/annuitizations/other [1] Transfers - 3 Win [1] Net Flows Change in market value/change in reserve/interest credited

FIXED MVA AND OTHER [2]

THREE MONTHS ENDED Sept. 30, 2008

Dec. 31, 2008

3,998,563 ¥

3,660,549 ¥

3,806,639 ¥

3,472,208 ¥

99,140 (31,364) (13,329) 54,447 (392,461)

90,334 (28,471) (12,752) 49,111 96,979

93,342 (39,753) (12,376) 41,213 (375,644)

28,200 (28,757) (111,840) (196,817) (309,214) (468,298)

March 31, 2009 2,694,696 18,924 (11,891) (12,708) (1,810) (7,485) (63,170)

Ending balance

3,660,549

3,806,639

3,472,208

2,694,696

2,624,041

Beginning balance

206,028

218,854

234,442

256,542

432,267

Deposits/Premiums/other Surrenders Death benefits/annuitizations/other [1] Transfers - 3 Win [1] Net Flows Change in market value/change in reserve/interest credited Effect of currency translation on USD Fixed Annuity products

TOTAL JAPAN

June 30, 2008

17,558 (1,245) (1,733) 14,580 790 (2,544)

15,609 (744) (1,469) 13,396 884 1,308

24,985 (1,845) (1,947) 21,193 1,011 (104)

4,016 (5,921) (17,386) 196,817 177,526 725 (2,526)

1,973 (3,626) (4,788) 1,810 (4,631) 2,648 2,241

Ending balance

218,854

234,442

256,542

432,267

432,525

Beginning balance

4,204,591

3,879,403

4,041,081

3,728,750

3,126,963

Deposits/Premiums/other Surrenders Death benefits/annuitizations/other [1] Net Flows Change in market value/change in reserve/interest credited Effect of currency translation on USD Fixed Annuity products Ending balance ¥

$

116,698 (32,609) (15,062) 69,027 (391,671) (2,544)

105,943 (29,215) (14,221) 62,507 97,863 1,308

118,327 (41,598) (14,323) 62,406 (374,633) (104)

32,216 (34,678) (129,226) (131,688) (467,573) (2,526)

3,879,403 ¥

4,041,081 ¥

3,728,750 ¥

3,126,963 ¥

[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

20,897 (15,517) (17,496) (12,116) (60,522) 2,241 3,056,566

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

Revenues Premiums and other considerations Variable annuity fees Cost of insurance charges Mutual fund and other fees Total fee income

THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 $

Direct premiums Total premiums and other considerations Net investment income Net investment income on G/A assets

19 17 5 41

Total core revenues Net realized gains (losses), before tax and DAC, excluded from core revenues Total revenues

20 16 2 38

$

18 13 9 40

$

Sequential 3 Month Change

15 20 5 40

(21%) 18% (2%)

15% 25% 25% 21%

11% 8%

(5%) (1%)

March 31, 2009

13 16 4 33

$

188 229

242 280

241 281

218 251

208 248

284

269

231

180

187

(34%)

4%

9 1

9 1

8 1

9 2

5 2

(44%) 100%

(44%) -

294 -

279 -

240 1

191 (1)

194 (2)

(34%) -

2% (100%)

(16%)

-

(8%)

NM

Net investment income on assigned capital Charge for invested capital Total net investment income Net realized capital gains (losses) - core

$

Year Over Year 3 Month Change

523

559

522

441

440

(219)

(87)

(606)

123

(237)

304

472

(84)

564

203

(33%)

(64%)

Benefits and Expenses Benefits and losses Death benefits Other contract benefits Change in reserve Interest credited on G/A assets

17 113 177 151

13 120 220 135

12 120 221 132

15 130 198 133

20 126 189 112

18% 12% 7% (26%)

33% (3%) (5%) (16%)

Total benefits and losses

458

488

485

476

447

(2%)

(6%)

Other insurance expenses Commissions & wholesaling expenses Operating expenses Premium taxes and other expenses Subtotal - expenses before deferral Deferred policy acquisition costs Total other insurance expense Amortization of deferred policy acquisition costs Total benefits and expenses Core earnings (loss) before income taxes Income tax expense (benefit) Core earnings (loss) Net realized gains (losses), net of tax and DAC, excluded from core earnings Net income (loss) RETURN ON ASSETS (After-tax bps) Core earnings Net income (loss)

$

14 20 3 37 (9)

15 25 (1) 39 (9)

19 22 2 43 (8)

11 18 3 32 (5)

13 16 2 31 (4)

(7%) (20%) (33%) (16%) 56%

18% (11%) (33%) (3%) 20%

28 6

30 5

35 5

27 3

27 5

(4%) (17%)

67%

492

523

525

31 9

36 9

22 (142)

27 (57)

(120)

$

(30)

14.3

17.4

(78.0)

(19.4)

L - 28

$

506

479

(3%)

(5%)

(3) (4)

(65) (25)

(39) (19)

NM NM

40% 24%

1 (394)

(40) 81

(20) (154)

NM (8%)

50% NM

(174)

(45%)

NM

(393) 0.7 (255.6)

$

41

$

(26.7)

(13.5)

NM

27.4

(117.3)

(50%)

49% NM

THE HARTFORD FINANCIAL SERVICES GROUP, INC. LIFE INSTITUTIONAL SOLUTIONS GROUP SUPPLEMENTAL DATA - DEPOSITS THREE MONTHS ENDED June 30, Sept. 30, Dec. 31, 2008 2008 2008

March 31, 2008 Institutional Structured settlements Institutional annuities Guaranteed interest products Other Subtotal Mutual funds Total Institutional

211 23 721 53 1,008 583 1,591

Private Placement Life Insurance Corporate owned Private clients Total Private Placement Life Insurance Total Institutional Solutions Group

$

57 13 70 $

1,661

200 38 552 119 909 383 1,292

$

64 22 86 $

1,378

L - 29

231 25 168 111 535 282 817

$

17 16 33 $

850

170 10 254 127 561 309 870

928

Sequential 3 Month Change

243 5 3 58 309 342 651

15% (78%) (100%) 9% (69%) (41%) (59%)

43% (50%) (99%) (54%) (45%) 11% (25%)

7 22 29

(88%) 69% (59%)

(84%) 69% (50%)

680

(59%)

(27%)

March 31, 2009

$

45 13 58 $

Year Over Year 3 Month Change

$

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

INSTITUTIONAL General account [1] Guaranteed separate account Non-guaranteed separate account Total Institutional account value Mutual fund assets Total Institutional Assets Under Management PRIVATE PLACEMENT LIFE INSURANCE General account Non-guaranteed separate account Total Private Placement Life Insurance account value

TOTAL INSTITUTIONAL SOLUTIONS GROUP General account [1] Guaranteed separate account Non-guaranteed separate account Total Institutional Solutions Group account value Mutual fund assets Total Institutional Solutions Group Assets Under Management BY PRODUCT Institutional Structured settlements Institutional annuities Guaranteed interest products [1] Other Total Institutional

$

June 30,

Sept. 30,

Dec. 31,

March 31,

2008

2008

2008

2008

2009

Change

20,197 412 4,675 25,284 3,489 28,773

$

$

5 32,779 32,784

$

$

$

$

Private Placement Life Insurance Total Institutional Solutions Group account value Institutional Mutual Fund Assets Total Institutional Solutions Group Assets Under Management

March 31,

Year Over Year 3 Month

$

20,593 402 4,551 25,546 3,844 29,390

$

$

5 32,939 32,944

20,202 412 37,454 58,068 3,489 61,557

$

6,530 3,108 10,644 5,002 25,284

$

$

$

19,923 384 4,189 24,496 3,325 27,821

$

$

6 32,860 32,866

20,598 402 37,490 58,490 3,844 62,334

$

6,729 3,118 10,741 4,958 25,546

$

$

$

19,771 393 3,917 24,081 2,578 26,659

$

$

46 32,413 32,459

19,929 384 37,049 57,362 3,325 60,687

$

6,962 3,089 9,760 4,685 24,496

$

$

$

Sequential 3 Month Change

21,007 371 3,576 24,954 2,416 27,370

4% (10%) (24%) (1%) (31%) (5%)

6% (6%) (9%) 4% (6%) 3%

$

45 32,109 32,154

NM (2%) (2%)

(2%) (1%) (1%)

19,817 393 36,330 56,540 2,578 59,118

$

21,052 371 35,685 57,108 2,416 59,524

4% (10%) (5%) (2%) (31%) (3%)

6% (6%) (2%) 1% (6%) 1%

7,137 3,067 9,353 4,524 24,081

$

7,373 3,030 10,338 4,213 24,954

13% (3%) (3%) (16%) (1%)

3% (1%) 11% (7%) 4%

$

$

32,784

32,944

32,866

32,459

32,154

(2%)

(1%)

58,068

58,490

57,362

56,540

57,108

(2%)

1%

3,489

3,844

3,325

2,578

2,416

(31%)

(6%)

59,524

(3%)

1%

61,557

$

62,334

$

60,687

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

L - 30

$

59,118

$

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

March 31, 2008

June 30, 2008

THREE MONTHS ENDED Sept. 30, Dec. 31, 2008 2008

March 31, 2009

INSTITUTIONAL INVESTMENT PRODUCTS ACCOUNT VALUE [1]

Beginning balance Deposits Surrenders Death benefits/annuity payouts Other Flows [4] Net Flows Change in market value/change in reserve/interest credited

$

25,103 1,008 (695) (160) 153 28

$

25,284 909 (626) (171) 112 150

$

25,546 535 (1,294) (201) (960) (90)

$

24,496 561 (810) (193) (442) 27

$

24,081 309 (631) (192) 1,469 955 (83)

Ending balance

$

25,284

$

25,546

$

24,496

$

24,081

$

24,954

Beginning balance Deposits Surrenders Net Flows Change in market value/change in reserve/interest credited Ending balance

$

INSTITUTIONAL MUTUAL FUND ASSETS [2]

$

3,581 583 (285) 298 (390) 3,489

$

$

3,489 383 (201) 182 173 3,844

$

$

3,844 282 (228) 54 (573) 3,325

$

$

3,325 309 (243) 66 (813) 2,578

$

$

2,578 342 (237) 105 (267) 2,416

PRIVATE PLACEMENT LIFE INSURANCE ACCOUNT VALUE [1]

Beginning balance Deposits Surrenders Death benefits/annuity payouts Net Flows Change in market value/change in reserve/interest credited Other [3]

$

32,792 70 (17) (25) 28 18 (54)

$

32,784 86 (20) (47) 19 197 (56)

$

32,944 33 (27) (16) (10) (42) (26)

$

32,866 58 (2) (17) 39 (419) (27)

$

32,459 29 (283) (46) (300) 52 (57)

Ending balance

$

32,784

$

32,944

$

32,866

$

32,459

$

32,154

Beginning balance Deposits Surrenders Death benefits/annuity payouts Other Flows [4] Net Flows Change in market value/change in reserve/interest credited

$

61,476 1,661 (997) (185) 479 (344)

$

61,557 1,378 (847) (218) 313 520

$

62,334 850 (1,549) (217) (916) (705)

$

60,687 928 (1,055) (210) (337) (1,205)

$

59,118 680 (1,151) (238) 1,469 760 (298)

INSTITUTIONAL SOLUTIONS GROUP

Other [3] Ending balance

$

(54) 61,557

$

(56) 62,334

$

[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

(26) 60,687

$

(27) 59,118

$

(57) 59,524

PROPERTY & CASUALTY

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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 TOTAL PROPERTY & CASUALTY PREMIUMS Written premiums Earned premiums

$

TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS Personal Lines Small Commercial Middle Market Specialty Commercial Ongoing Operations underwriting results Other Operations [1] Total Property & Casualty underwriting results

$

ONGOING OPERATIONS UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes [2] Current accident year catastrophes [3] Prior accident years [4] Total losses and loss adjustment expenses

2,586 2,614

$

2,585 2,586

$

2,593 2,568

$

2,467 2,570

Mar. 31, 2009 $

Year Over Year 3 Month Change

Sequential 3 Month Change

2,459 2,511

(5%) (4%)

(2%)

105 119 55 39

18 69 3 18

(45) 82 (37) (44)

202 167 148 58

75 87 69 23

(29%) (27%) 25% (41%)

(63%) (48%) (53%) (60%)

318 (19)

108 (58)

(44) (61)

575 (7)

254 (5)

(20%) 74%

(56%) 29%

249

(17%)

(56%)

299

$

50

$

(105)

$

568

$

62.2 1.9 (2.0) 62.2

63.4 6.6 (1.5) 68.5

63.8 12.7 (2.8) 73.7

58.0 (0.1) (7.6) 50.3

63.0 2.6 (2.7) 62.8

(0.8) (0.7) 0.7 (0.6)

(5.0) (2.7) (4.9) (12.5)

Expenses [5] Policyholder dividends [6]

25.5 0.2

26.5 0.8

27.3 0.7

27.1 0.2

26.8 0.2

(1.3) -

0.3 -

Combined ratio

87.8

95.8

101.7

77.6

89.9

(2.1)

(12.3)

1.9 (0.4) 1.5

6.6 6.6

(0.1) (0.2) (0.4)

2.6 0.2 2.8

(0.7) (0.6) (1.3)

(2.7) (0.4) (3.2)

Catastrophes Current year Prior year Catastrophe ratio

12.7 (0.2) 12.5

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)

112 321

(66%) (25%)

(62%) (29%)

16.0% 6.1% 15.2%

(6.7) 1.5 (5.9)

(1.1) 0.4 (1.0)

Total Property & Casualty Income and ROE Net income (loss) Core earnings Core earnings ROE (rolling 12 months income) Ongoing Operations Other Operations Total Property & Casualty

$ $

326 426

$ $

22.7% 4.6% 21.1%

249 283

20.0% 10.7% 19.2%

$ $

(774) 156

$ $

18.1% 7.9% 17.2%

291 452

$ $

17.1% 5.7% 16.2%

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

$

6.0 1.7

$

6.1 1.7

$

0.1 -

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] Total losses and loss adjustment expenses

Net servicing income Net investment income [6] Periodic net coupon settlements on credit derivatives, before-tax Other expenses Income tax expense Core earnings Add: Net realized capital losses, after-tax, excluded from core earnings Net income (loss)

$

1,625 50 (36) 1,639

Underwriting expenses [4] Dividends to policyholders [5] Underwriting results

Total Property & Casualty effective tax rate - net income Total Property & Casualty effective tax rate - core earnings

2,586 (28) 2,614

$

2,585 (1) 2,586

$

2,593 25 2,568

$

2,467 (103) 2,570

Mar. 31, 2009 $

Year Over Year 3 Month Change

Sequential 3 Month Change

2,459 (52) 2,511

(5%) (86%) (4%)

50% (2%)

1,639 171 16 1,826

1,638 325 (14) 1,949

1,488 (3) (192) 1,293

1,581 65 (68) 1,578

(3%) 30% (89%) (4%)

6% NM 65% 22%

671 5 299

690 20 50

707 17 (105)

704 5 568

679 5 249

1% (17%)

(4%) (56%)

(1) 365 2 (59) (180)

8 391 1 (65) (102)

14 335 2 (57) (33)

10 162 (3) (41) (244)

8 225 (3) (49) (109)

NM (38%) NM 17% 39%

(20%) 39% (20%) 55%

426

283

156

452

321

(25%)

(29%)

(100)

(34)

(930)

(161)

(209)

(109%)

(30%)

112

(66%)

(62%)

(2.1%) 25.2%

(30.0) (4.5)

(37.8) (9.9)

326

$

27.9% 29.7%

249 25.1% 26.4%

$

(774) 37.6% 17.6%

$

291 35.7% 35.1%

$

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 ONGOING OPERATIONS UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] Total losses and loss adjustment expenses Underwriting expenses [4] Dividends to policyholders [5] Underwriting results Net servicing income Net investment income [6] Periodic net coupon settlements on credit derivatives, before-tax Other expenses Income tax expense Core earnings Add: Net realized capital losses, after-tax, excluded from core earnings Net income (loss) Ongoing Operations effective tax rate - net income Ongoing Operations effective tax rate - core earnings

$

2,584 (29) 2,613

$

2,583 (1) 2,584

$

2,592 25 2,567

$

$

Sequential 3 Month Change

2,458 (53) 2,511

(5%) (83%) (4%)

48% (2%)

1,488 (3) (195) 1,290

1,581 65 (68) 1,578

(3%) 30% (33%) (3%)

6% NM 65% 22%

1%

1,625 50 (51) 1,624

1,639 171 (39) 1,771

666 5 318

685 20 108

701 17 (44)

697 5 575

674 5 254

(20%)

(3%) (56%)

(1) 310 2 (57) (172)

8 334 1 (65) (105)

14 285 2 (58) (39)

10 127 (3) (39) (236)

8 185 (3) (50) (97)

NM (40%) NM 12% 44%

(20%) 46% (28%) 59%

400

281

160

434

297

(26%)

(32%)

(88)

(35)

(826)

(137)

(186)

(111%)

(36%)

111

(64%)

(63%)

(2.5%) 24.8%

(30.9) (5.2)

(37.9) (10.5)

312 28.4% 30.0%

$

246 26.0% 27.3%

1,638 325 (70) 1,893

2,465 (102) 2,567

Mar. 31, 2009

Year Over Year 3 Month Change

$

(666) 37.8% 19.8%

$

297 35.4% 35.3%

$

[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 Lines UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

944 (35) 979

Small Commercial $

693 41 652

Middle Market $

526 (22) 548

Specialty Commercial $

295 (37) 332

Ongoing Operations $

2,458 (53) 2,511

Losses and loss adjustment expenses Current accident year before catastrophes Current accident year catastrophes Prior accident years Total losses and loss adjustment expenses

627 42 10 679

362 6 5 373

359 16 (58) 317

233 1 (25) 209

1,581 65 (68) 1,578

Underwriting expenses Dividends to policyholders Underwriting results

225 75

191 1 87

160 2 69

98 2 23

674 5 254

$

UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes Current accident year catastrophes Prior accident years [1] Total losses and loss adjustment expenses

$

$

$

$

64.1 4.3 1.1 69.4

55.5 1.0 0.8 57.3

65.5 2.8 (10.5) 57.8

70.3 0.1 (7.9) 62.6

63.0 2.6 (2.7) 62.8

23.0 -

29.3 0.1

29.3 0.4

29.5 0.7

26.8 0.2

92.4

86.6

87.5

92.8

89.9

4.3 1.1 5.4

1.0 0.1 1.1

2.8 (1.0) 1.8

0.1 (0.2) (0.1)

2.6 0.2 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

Expenses Policyholder dividends Combined ratio Catastrophes Current year Prior year Catastrophe ratio

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] Total losses and loss adjustment expenses Underwriting expenses [4] Dividends to policyholders [5] Underwriting results UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] [6] Total losses and loss adjustment expenses Expenses Policyholder dividends Combined ratio Catastrophes Current year Prior year Catastrophe ratio

$

2,584 (29) 2,613

$

2,583 (1) 2,584

1,625 50 (51) 1,624

1,639 171 (39) 1,771

666 5 318

685 20 108

$

$

2,592 25 2,567

$

1,638 325 (70) 1,893

$

701 17 (44)

$

2,465 (102) 2,567

Mar. 31, 2009 $

Year Over Year 3 Month Change

Sequential 3 Month Change

2,458 (53) 2,511

(5%) (83%) (4%)

48% (2%)

1,488 (3) (195) 1,290

1,581 65 (68) 1,578

(3%) 30% (33%) (3%)

6% NM 65% 22%

697 5 575

674 5 254

1% (20%)

(3%) (56%)

$

62.2 1.9 (2.0) 62.2

63.4 6.6 (1.5) 68.5

63.8 12.7 (2.8) 73.7

58.0 (0.1) (7.6) 50.3

63.0 2.6 (2.7) 62.8

(0.8) (0.7) 0.7 (0.6)

(5.0) (2.7) (4.9) (12.5)

25.5 0.2

26.5 0.8

27.3 0.7

27.1 0.2

26.8 0.2

(1.3) -

0.3 -

87.8

95.8

101.7

77.6

89.9

(2.1)

(12.3)

1.9 (0.4) 1.5

6.6 6.6

(0.1) (0.2) (0.4)

2.6 0.2 2.8

(0.7) (0.6) (1.3)

(2.7) (0.4) (3.2)

12.7 (0.2) 12.5

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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] Total losses and loss adjustment expenses Underwriting expenses [4] Underwriting results UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] [5] Total losses and loss adjustment expenses

936 (47) 983

$

635 30 (8) 657 $

221 105

1,029 49 980

$

645 97 1 743 $

219 18

230 (45)

628 (37) (35) 556 $

227 202

$

944 (35) 979

1% 26% -

1% 29% (1%)

627 42 10 679

(1%) 40% NM 3%

NM NM 22%

225 75

2% (29%)

(1%) (63%)

(0.3) (8.1) (4.6) (12.9)

0.5 (1.2) (1.9) (2.5)

22.4

23.5

23.0

23.0

(0.6)

-

98.1

104.6

79.5

92.4

(3.0)

(12.9)

3.1 (0.7) 2.5

9.8 0.3 10.1

17.2 0.8 18.1

(3.8) 0.3 (3.5)

4.3 1.1 5.4

(1.2) (1.8) (2.9)

(8.1) (0.8) (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)

92.6 81.1 89.4

94.3 107.9 98.1

90.5 141.2 104.6

86.5 61.7 79.5

89.3 100.3 92.4

3.3 (19.2) (3.0)

(2.8) (38.6) (12.9)

COMBINED RATIO Automobile Homeowners Total

89.4

$

$

64.1 4.3 1.1 69.4

Catastrophes Current year Prior year Catastrophe ratio

22.4

634 168 (9) 793

936 (49) 985

63.8 (3.8) (3.5) 56.5

Combined ratio

65.9 9.8 75.8

$

Sequential 3 Month Change

64.7 17.2 (0.9) 81.1

Expenses

64.6 3.1 (0.8) 66.9

1,024 46 978

Mar. 31, 2009

Year Over Year 3 Month Change

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008

Mar. 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

BUSINESS UNIT WRITTEN PREMIUMS [1] AARP Agency Other Total

$

$

662 258 16 936

$

687 277 19 983

$

698 238 936

$

706 277 983

$

$

741 271 17 1,029

$

691 273 16 980

$

729 300 1,029

$

707 273 980

$

$

741 269 14 1,024

$

695 266 17 978

$

726 298 1,024

$

707 271 978

$

$

669 252 15 936

$

705 264 16 985

$

676 260 936

$

704 281 985

$

$

681 249 14 944

3% (3%) (13%) 1%

2% (1%) (7%) 1%

703 261 15 979

2% (6%) (21%) -

(1%) (6%) (1%)

707 237 944

1% 1%

5% (9%) 1%

704 275 979

(1%) -

(2%) (1%)

EARNED PREMIUMS [1] AARP Agency Other Total

$

$

$

$

$

$

PRODUCT LINE WRITTEN PREMIUMS [1] Automobile Homeowners Total

$ $

$

$

$

$

EARNED PREMIUMS [1] Automobile Homeowners Total

$ $

$

$

$

$

STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR) Written Price Increases/(Decreases) [2] Automobile Homeowners Premium Retention Automobile Homeowners New Business Premium $ Automobile Homeowners Policies in force Automobile Homeowners

$ $

4% 5%

4% 6%

4% 6%

3% 6%

3% 6%

(1%) 1%

-

88% 88%

87% 91%

86% 90%

86% 88%

85% 88%

(3%) -

(1%) -

115 31

37% 29%

20% 19%

(1%)

1% -

84 24

2,339,871 1,477,335

$ $

87 27

$ $

2,326,188 1,471,920

97 29

2,324,124 1,465,907

$ $

96 26

2,323,882 1,455,954

$ $

2,347,967 1,460,172

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

743 56 687

$

679 (4) 683

$

652 (26) 678

$

622 (54) 676

Year Over Year 3 Month Change

Mar. 31, 2009 $

Sequential 3 Month Change

693 41 652

(7%) (27%) (5%)

11% NM (4%)

Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] Total losses and loss adjustment expenses

370 9 (2) 377

380 35 (2) 413

380 49 (46) 383

317 29 (39) 307

362 6 5 373

(2%) (33%) NM (1%)

14% (79%) NM 21%

Underwriting expenses [4] Dividends to policyholders [5] Underwriting results

190 1 119

198 3 69

204 9 82

201 1 167

191 1 87

1% (27%)

(5%) (48%)

$

UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] [6] Total losses and loss adjustment expenses Expenses Policyholder dividends Combined ratio Catastrophes Current year Prior year Catastrophe ratio

$

$

$

$

53.8 1.3 (0.3) 54.8

55.5 5.2 (0.3) 60.4

56.3 7.0 (6.8) 56.5

46.8 4.4 (5.8) 45.4

55.5 1.0 0.8 57.3

(1.7) 0.3 (1.1) (2.5)

(8.7) 3.4 (6.6) (11.9)

27.7 0.2

29.0 0.5

30.1 1.3

29.7 0.2

29.3 0.1

(1.6) 0.1

0.4 0.1

82.7

89.8

87.9

75.4

86.6

(3.9)

(11.2)

1.3 1.3

5.2 0.1 5.3

7.0 (0.5) 6.5

4.4 4.4

1.0 0.1 1.1

0.3 (0.1) 0.2

3.4 (0.1) 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%)

119

(6%)

23%

New Business Premium $ Policies in force

$

127

$

1,048,057

117 1,057,058

$

105 1,062,291

$

97 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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

565 (28) 593

$

529 (46) 575

$

571 2 569

$

577 15 562

Mar. 31, 2009 $

Year Over Year 3 Month Change

Sequential 3 Month Change

526 (22) 548

(7%) 21% (8%)

(9%) NM (2%)

Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] Total losses and loss adjustment expenses

380 9 (16) 373

377 33 (21) 389

389 64 (18) 435

314 10 (79) 245

359 16 (58) 317

(6%) 78% NM (15%)

14% 60% 27% 29%

Underwriting expenses [4] Dividends to policyholders [5] Underwriting results

163 2 55

170 13 3

167 4 (37)

167 2 148

160 2 69

(2%) 25%

(4%) (53%)

$

UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes [1] Current accident year catastrophes [2] Prior accident years [3] [6] Total losses and loss adjustment expenses

$

$

$

$

64.1 1.6 (2.6) 63.0

65.7 5.7 (3.7) 67.7

68.1 11.2 (3.2) 76.1

56.0 1.8 (14.1) 43.7

65.5 2.8 (10.5) 57.8

(1.4) (1.2) 7.9 5.2

(9.5) (1.0) (3.6) (14.1)

27.5 0.3

29.4 2.3

29.6 0.7

29.7 0.3

29.3 0.4

(1.8) (0.1)

0.4 (0.1)

90.8

99.4

106.4

73.7

87.5

3.3

(13.8)

1.6 0.3 1.8

5.7 (0.4) 5.3

11.2 (1.1) 10.1

1.8 (0.8) 1.1

2.8 (1.0) 1.8

(1.2) 1.3 -

(1.0) 0.2 (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)

Written Price Increases/(Decreases)

(6%)

(7%)

(5%)

(3%)

(2%)

4%

1%

Premium Retention

78%

77%

78%

77%

75%

(3%)

(2%)

115

10%

12%

90,463

1%

-

Expenses Policyholder dividends Combined ratio Catastrophes Current year Prior year Catastrophe ratio

STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)

New Business Premium $ Policies in force

$

105 89,179

$

101 90,212

$

111 90,796

$

103 90,478

$

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 UNDERWRITING RESULTS Written premiums [1] Change in unearned premium reserve Earned premiums

$

Losses and loss adjustment expenses Current accident year before catastrophes [2] Current accident year catastrophes [3] Prior accident years [4] Total losses and loss adjustment expenses Underwriting expenses Dividends to policyholders Underwriting results UNDERWRITING RATIOS Losses and loss adjustment expenses Current accident year before catastrophes [2] Current accident year catastrophes [3] Prior accident years [4] [5] Total losses and loss adjustment expenses

$

340 (10) 350

$

346 346

$

345 3 342

$

330 (14) 344

Mar. 31, 2009 $

Year Over Year 3 Month Change

Sequential 3 Month Change

295 (37) 332

(13%) NM (5%)

(11%) (164%) (3%)

240 2 (25) 217

237 6 (17) 226

235 44 3 282

229 (5) (42) 182

233 1 (25) 209

(3%) (50%) (4%)

2% NM 40% 15%

92 2 39

98 4 18

100 4 (44)

102 2 58

98 2 23

7% (41%)

(4%) (60%)

$

$

$

$

68.7 0.3 (7.2) 61.7

68.4 1.9 (4.6) 65.7

68.7 13.2 0.6 82.5

66.4 (1.7) (12.0) 52.7

70.3 0.1 (7.9) 62.6

(1.6) 0.2 0.7 (0.9)

(3.9) (1.8) (4.1) (9.9)

26.3 0.5

28.4 1.1

29.0 1.3

29.7 0.5

29.5 0.7

(3.2) (0.2)

0.2 (0.2)

88.6

95.2

112.8

83.0

92.8

(4.2)

(9.8)

0.3 (1.9) (1.6)

1.9 (0.5) 1.4

(1.7) (1.5) (3.2)

0.1 (0.2) (0.1)

0.2 (1.7) (1.5)

(1.8) (1.3) (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)

Expenses Policyholder dividends Combined ratio Catastrophes Current year Prior year Catastrophe ratio

13.2 (0.8) 12.4

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008

Mar. 31, 2009

Year Over Year 3 Month Change

Sequential 3 Month Change

WRITTEN PREMIUMS [1] Property [2] Casualty Professional Liability, Fidelity and Surety Other Total

$

$

7 159 152 22 340

$

27 132 170 21 350

$

$

14 135 176 21 346

$

24 132 169 21 346

$

$

14 134 178 19 345

$

19 131 173 19 342

$

$

15 110 185 20 330

$

17 131 173 23 344

$

$

(16) 150 143 18 295

NM (6%) (6%) (18%) (13%)

NM 36% (23%) (10%) (11%)

13 130 171 18 332

(52%) (2%) 1% (14%) (5%)

(24%) (1%) (1%) (22%) (3%)

EARNED PREMIUMS [1] Property Casualty Professional Liability, Fidelity and Surety Other Total

$

$

$

$

$

$

[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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 UNDERWRITING RESULTS Written premiums Change in unearned premium reserve Earned premiums

$

Losses and loss adjustment expenses Current accident year before catastrophes Current accident year catastrophes Prior accident years [1] Total losses and loss adjustment expenses Underwriting expenses Underwriting results

$

2 2

15 15 $

Net investment income Other expenses Income tax (expense) benefit Core earnings Add: Net realized capital (losses) gains, after-tax Net income (loss)

2 1 1

$

5 (19)

$

55 55 $

5 (58)

1 1

$

56 56 $

6 (61)

Mar. 31, 2009

2 (1) 3

$

3 3 $

Year Over Year 3 Month Change

7 (7)

$

Sequential 3 Month Change

1 1 -

(50%) (100%)

(50%) NM (100%)

-

(100%) (100%)

(100%) (100%)

5 (5)

74%

(29%) 29%

55 (2) (8)

57 3

50 1 6

35 (2) (8)

40 1 (12)

(27%) NM (50%)

14% NM (50%)

26

2

(4)

18

24

(8%)

33%

(12)

1

(104)

(24)

(23)

(92%)

4%

1

(93%)

NM

14

$

3

$

(108)

$

(6)

$

[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

Beginning liability - net [2] [3] Losses and loss adjustment expenses incurred Losses and loss adjustment expenses paid Ending liability – net [2] [3]

Asbestos 1,884 (39) $ 1,845 [4] $

Environmental $ 269 (8) $ 261

All Other [1] 1,628 (63) $ 1,565 $

[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

Total $

$

3,781 (110) 3,671

THE HARTFORD FINANCIAL SERVICES GROUP, INC. PROPERTY & CASUALTY PAID AND INCURRED LOSSES AND LOSS ADJUSTMENT EXPENSES ("LAE") DEVELOPMENT - ASBESTOS AND ENVIRONMENTAL

Asbestos [1] For the Three Months Ended March 31, 2009

Environmental [1]

Paid

Incurred

Paid

Incurred

Losses & LAE

Losses & LAE

Losses & LAE

Losses & LAE

$

$

$

$

Gross Direct

7

-

4

-

1

-

London Market

5

-

1

-

45

-

9

-

(6)

-

(1)

-

Ceded

[1]

-

Assumed - Domestic Total Net

36

$

39

$

-

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

$

8

$

-

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

Personal Lines Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 - gross Reinsurance and other recoverables

$

Liabilities for unpaid losses and loss adjustment expenses at 1/1/09 - net Provision for unpaid losses and loss adjustment expenses Current accident year before catastrophes Current accident year catastrophes Prior accident years Total provision for unpaid losses and loss adjustment expenses Payments Liabilities for unpaid losses and loss adjustment expenses at 3/31/09 - net Reinsurance and other recoverables Liabilities for unpaid losses and loss adjustment expenses at 3/31/09 - gross Earned premiums Loss and loss expense paid ratio Loss and loss expense incurred ratio Prior accident year development (pts.)

2,052 60

Small Commercial

For the Three Months Ended March 31, 2009 Middle Specialty Ongoing Market Commercial Operations

Other Operations

$

$

$

3,572 176

4,744 437

$

$

$

362 6 5

359 16 (58)

233 1 (25)

1,581 65 (68)

-

1,581 65 (68)

679

373

317

209

1,578

-

1,578

(705)

(349)

(343)

(156)

(1,553)

4,924 2,063

$

2,024

$

3,590

$

4,739

$

$

979 72.1 69.4 1.1

$

652 53.6 57.3 0.8

$

548 62.7 57.8 (10.5)

$

PC-15

6,987 332 46.3 62.6 (7.9)

3,781

21,933 3,586

627 42 10

4,281 458

14,566

4,584 803

3,396

3,420 170

4,871

17,349 2,783

1,992

1,966 58

4,307

6,981 2,110

Total P&C

(110)

14,591 2,749

$ $

17,340 2,511 61.8 62.8 (2.7)

18,347

(1,663)

3,671 793

18,262 3,542

$

4,464

$

21,804

$

-

$

2,511

THE HARTFORD FINANCIAL SERVICES GROUP, INC. PROPERTY & CASUALTY REINSURANCE RECOVERABLE ANALYSIS March 31, 2009 Gross Reinsurance Recoverables Paid Loss and Loss Adjustment Expenses Unpaid Loss and Loss Adjustment Expenses Subtotal Gross Reinsurance Recoverables

$

Less: Allowance for Uncollectible Reinsurance

264 3,458 3,722

December 31, 2008 $

(385)

Net Reinsurance Recoverables

$

3,337

326 3,492 3,818 (379)

$

Distribution of Gross Reinsurance Recoverables

3,439

As of December 31, 2008 Amount % of Total

Gross Reinsurance Recoverables

$

Less: Mandatory (Assigned Risk) Pools & Structured Settlements

3,818 (638)

Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements

Rated A- (Excellent) or better by A.M. Best [1] Other Rated by A.M. Best Total Rated Companies Voluntary Pools Captives Other Not Rated Companies Total

$

3,180

$

2,426 52 2,478

76.3% 1.6% 77.9%

181 220 301 3,180

5.7% 6.9% 9.5% 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

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2008 Earned premiums Net investment income [1] Other revenues Net realized capital losses Total revenues

$

Losses and loss adjustment expenses [2] Amortization of deferred policy acquisition costs Insurance operating costs and expenses [3] Other expenses Total benefits and expenses Income (loss) before income taxes Income tax expense (benefit) Net income (loss) Less: Net realized capital losses, after-tax, excluded from core earnings Core earnings Total Property & Casualty effective tax rate - net income Total Property & Casualty effective tax rate - core earnings

$

2,614 365 120 (152) 2,947

$

2,586 391 125 (51) 3,051

$

2,568 335 132 (1,428) 1,607

$

$

Sequential 3 Month Change

2,511 225 118 (323) 2,531

(4%) (38%) (2%) (113%) (14%)

(2%) 39% (7%) (31%) (3%)

1,293 528 181 158 2,160

1,578 523 161 159 2,421

(4%) 5% (12%) (3%)

22% (1%) (11%) 1% 12%

110

(76%)

(76%)

NM

NM

1,639 523 153 180 2,495

1,826 521 189 182 2,718

452

333

(1,241)

453

126

84

(467)

162

326

249

(774)

291

112

(66%)

(62%)

(100)

(34)

(930)

(161)

(209)

(109%)

(30%)

321

(25%)

(29%)

(2.1%) 25.2%

(30.0) (4.5)

(37.8) (9.9)

426

$

283

27.9% 29.7%

25.1% 26.4%

1,949 523 201 175 2,848

2,570 162 127 (246) 2,613

Mar. 31, 2009

Year Over Year 3 Month Change

$

156 37.6% 17.6%

$

452 35.7% 35.1%

(2)

$

[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

Mar. 31, 2008 Investments Fixed maturities, available for sale, at fair value Equity securities, available for sale, at fair value Mortgage loans Limited partnerships and other alternative investments [1] Other investments Short term investments Total investments

$

Cash Premiums receivable and agents' balances Reinsurance recoverables Deferred policy acquisition costs Deferred income tax Goodwill Property and equipment, net Other assets Total assets Unpaid losses and loss adjustment expenses Unearned premiums Debt Other liabilities

25,683 1,162 682 1,290 58 711 29,586

AS OF Sept. 30, 2008

Jun. 30, 2008 $

232 3,281 3,611 1,233 947 149 601 1,318

25,234 1,327 747 1,398 58 1,073 29,837

$

$

$

Sequential Change

20,040 482 756 1,026 173 1,266 23,743

(22%) (59%) 11% (20%) 198% 78% (20%)

1% (28%) (4%) (12%) (16%) (21%) (2%)

247 3,161 3,337 1,249 2,495 149 668 1,454

6% (4%) (8%) 1% 163% 11% 10%

40,958

$

41,165

$

39,959

$

36,680

$

36,503

(11%)

$

22,150 5,388 11 4,589

$

22,315 5,372 4,647

$

22,605 5,363 4,729

$

21,933 5,244 2,914

$

21,804 5,231 2,573

(2%) (3%) (100%) (44%)

(1%) (12%)

32,334

162 3,197 3,439 1,260 2,435 149 675 1,159

Year Over Year Change

$

32,138

278 3,237 3,572 1,260 1,819 149 658 1,460

19,775 674 785 1,166 207 1,597 24,204

Mar. 31, 2009

52% (1%) (3%) (1%) 2% (1%) 25% -

Total liabilities

241 3,233 3,613 1,246 1,013 149 639 1,194

23,727 741 762 1,407 62 827 27,526

Dec. 31, 2008

32,697

30,091

29,608

(8%)

(2%)

Equity, x-AOCI, net of tax AOCI, net of tax

9,372 (552)

9,536 (705)

8,364 (1,102)

8,675 (2,086)

8,887 (1,991)

(5%) NM

2% 5%

The Hartford's Property & Casualty stockholders' equity Noncontrolling interest Total Property & Casualty stockholders' equity

8,820 8,820

8,831 8,831

7,262 7,262

6,589 6,589

6,896 (1) 6,895

(22%) (22%)

5%

(11%)

-

Total liabilities and stockholders' equity

$

40,958

$

41,165

Hartford Fire NAIC RBC

$

39,959

$

36,680

532%

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

PC-18

$

36,503

5%

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

Mar. 31, 2009 Adjusted Statutory Capital and Surplus GAAP Adjustments Deferred policy acquisition costs Benefit reserves GAAP unrealized losses on investments, net of tax Goodwill Non-admitted assets Other, net GAAP Stockholders' Equity

$

6,078

1,249 (88) (2,003) 149 1,783 (272) $ 6,896

PC-19

Dec. 31, 2008 $ 6,012 1,260 (90) (2,136) 149 1,754 (360) $ 6,589

INVESTMENTS

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

Net Investment Income (Loss) Fixed maturities [1] Taxable Tax-exempt Total fixed maturities Equity securities, held for trading Equity securities, available-for-sale Policy loans Mortgage loans Limited partnerships and other alternative investments [2] Other [3] Subtotal Less: Investment expense

Year Over Year 3 Month Change

Sequential 3 Month Change

828 125 953 (724) 27 36 79 (209) 58 220 24

(17%) (12%) (16%) 80% (41%) 9% NM NM NM 26%

(6%) (5%) (6%) 84% (25%) (5%) (11%) 37% NM NM NM 84%

Mar. 31, 2008

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2009

$

$

878 131 1,009 (4,500) 36 38 89 (333) (6) (3,667) 24

$

992 142 1,134 (3,578) 46 33 79 (36) (44) (2,366) 19

936 141 1,077 1,153 51 34 83 25 (12) 2,411 28

$

949 141 1,090 (3,415) 34 34 82 (101) (10) (2,286) 26

$

Total net investment income (loss) Less: Securities held for trading

$ (2,385) (3,578)

$ 2,383 1,153

$ (2,312) (3,415)

$ (3,691) (4,500)

$

196 (724)

NM 80%

Total net investment income excluding trading securities

$ 1,193

$ 1,230

$ 1,103

$

$

920

(23%)

14%

3.7% 2.6%

(1.5) (1.0)

0.4 0.4

208 (720) (224) 41 (19) -

119% NM 26% NM NM 100%

(45%) (75%) 47% (20%) (58%) -

589 204 793 5

NM NM NM NM

NM NM NM (17%)

84

NM

NM

Annualized investment yield, before-tax [4] Annualized investment yield, after-tax [4] Net Realized Capital Gains (Losses) Gross gains on sale Gross losses on sale Impairments Japanese fixed annuity contract hedges, net [5] Periodic net coupon settlements on credit derivatives/Japan [6] SFAS 157 transition impact Results of variable annuity hedge program GMWB derivatives, net [7] Macro hedge Total results of variable annuity hedge program Other net gain (loss) [8] Total net realized capital gains (losses) [1] [2] [3] [4] [5] [6] [7] [8]

5.2% 3.6%

$

95 (211) (304) (14) (5) (650)

5.3% 3.6%

$

(110) 9 (101) (181) $ (1,371)

$

73 (59) (164) (9) (10) -

4.7% 3.2%

$

58 (175) (3,077) 36 (6) -

(13) (4) (17) (96)

(133) 24 (109) (176)

(282)

$ (3,449)

809 3.3% 2.2%

$

381 (411) (419) 51 (12) -

$

(457) 45 (412) 6 $

(816)

$

Includes income on short-term bonds. Includes income on hedge fund investments outside of limited partnerships and real estate joint ventures. 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. 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. Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements). Included in core earnings. 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. 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 Year 3 Month Change

Sequential 3 Month Change

615 30 645 (724) 15 36 70 (115) 56 (17) 18

(15%) (6%) (15%) 80% (40%) 9% 1% NM NM 99% 29%

(5%) (4%) 84% (35%) (5%) (11%) 31% NM 100% -

$

(35) (724)

99% 80%

99% 84%

$

689

(16%)

8%

3.9% 2.6%

(1.4) (0.9)

0.1 0.1

136 (389) (185) 41 (16) -

NM NM 20% NM (129%) 100%

(54%) (151%) 40% (20%) (78%) -

589 204 793 (15)

NM NM NM 90%

NM NM NM 89%

365

NM

NM

Mar. 31, 2008

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2009

$

723 32 755 (3,578) 25 33 69 (17) (32) (2,745) 14

$

679 32 711 1,153 31 34 74 9 (9) 2,003 21

$

644 30 674 (4,500) 23 38 79 (166) 8 (3,844) 18

$

Total net investment income (loss) Less: Securities held for trading

$ (2,759) (3,578)

$

1,982 1,153

$ (2,656) (3,415)

$ (3,862) (4,500)

Total net investment income excluding trading securities

$

$

829

$

$

Net Investment Income (Loss) Fixed maturities [1] Taxable Tax-exempt Total fixed maturities Equity securities, held for trading Equity securities, available-for-sale Policy loans Mortgage loans Limited partnerships and other alternative investments [2] Other [3] Subtotal Less: Investment expense

Annualized investment yield, before-tax [4] Annualized investment yield, after-tax [4] Net Realized Capital Gains (Losses) Gross gains on sale Gross losses on sale Impairments Japanese fixed annuity contract hedges, net [5] Periodic net coupon settlements on credit derivatives/Japan [6] SFAS 157 transition impact Results of variable annuity hedge program GMWB derivatives, net [7] Macro hedge Total results of variable annuity hedge program Other net gain (loss) [8] Total net realized capital gains (losses) [1] [2] [3] [4] [5] [6] [7] [8]

819 5.3% 3.5%

$

43 (110) (231) (14) (7) (650)

5.3% 3.6%

$

(110) 9 (101) (150) $ (1,220)

$

41 (45) (124) (9) (11) -

686 32 718 (3,415) 17 34 71 (59) (3) (2,637) 19

759

$

4.8% 3.2%

$

44 (89) (1,760) 36 (8) -

(13) (4) (17) (63)

(133) 24 (109) (126)

(228)

$ (2,012)

638 3.8% 2.5%

$

294 (155) (309) 51 (9) -

$

(457) 45 (412) (138) $

(678)

$

Includes income on short-term bonds. Includes income on a real estate joint venture. 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. 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. Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements). Included in core earnings. 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. 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

Net Investment Income (Loss) Fixed maturities [1] Taxable Tax-exempt Total fixed maturities Equity securities, available-for-sale Mortgage loans Limited partnerships and other alternative investments [2] Other [3] Subtotal Less: Investment expense Total net investment income (loss)

Total net realized capital gains (losses)

Sequential 3 Month Change

209 95 304 11 9 (94) 1 231 6

(20%) (14%) (18%) (45%) (10%) NM NM (38%) 20%

(7%) (6%) (7%) (8%) (10%) 44% NM 38% -

225

(38%)

39%

3.4% 2.6%

(1.6) (1.1)

1.0 1.0

Mar. 31, 2008

Mar. 31, 2009

$

261 110 371 20 10 (19) (12) 370 5

$

248 109 357 19 9 16 (3) 398 7

$

255 109 364 17 11 (42) (8) 342 7

$

225 101 326 12 10 (167) (13) 168 6

$

$

365

$

391

$

335

$

162

$

Annualized investment yield, before-tax [4] Annualized investment yield, after-tax [4] Net Realized Capital Gains (Losses) Gross gains on sale Gross losses on sale Impairments Periodic net coupon settlements on credit derivatives [5] Other net gain (loss) [6]

Year Over Year 3 Month Change

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

5.0% 3.7%

5.3% 3.9%

4.6% 3.4%

2.4% 1.6%

$

52 (100) (73) 2 (33)

$

31 (13) (40) 1 (30)

$

12 (82) (1,312) 2 (48)

$

85 (253) (108) (3) 33

$

71 (330) (36) (3) (25)

37% NM 51% NM 24%

(16%) (30%) 67% NM

$

(152)

$

(51)

$ (1,428)

$

(246)

$

(323)

(113%)

(31%)

[1] [2] [3] [4]

Includes income on short-term bonds. Includes income on hedge fund investments outside of limited partnerships and a real estate joint venture. 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. 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

Net Investment Income Fixed maturities [1] Taxable

Year Over Year 3 Month Change

Sequential 3 Month Change

4

(50%)

(56%)

4

(50%)

(56%)

Mar. 31, 2008

THREE MONTHS ENDED Jun. 30, Sept. 30, Dec. 31, 2008 2008 2008

Mar. 31, 2009

$

$

$

8

9

$

8

$

8

9

Equity securities, available-for-sale

1

1

-

1

1

-

-

Other

-

-

1

(1)

1

-

NM

6

(33%)

(33%)

1 (1) (3) 45

NM

(50%) 67% (50%) (59%)

42

NM

(61%)

Total net investment income

$

9

$

10

8

9

Total fixed maturities

$

9

9

$

9

$

Net Realized Capital Gains (Losses) Gross gains on sale Gross losses on sale Impairments Other net gain (loss) [2] Total net realized capital gains (losses)

(1) 2 $

1

1 (1) (3) $

(3)

2 (4) (5) (2) $

(9)

2 (3) (2) 111 $

108

$

[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 2009

2008 Gains/losses on sales, net Impairments Japanese fixed annuity contract hedges, net Periodic net coupon settlements on credit derivatives/Japan SFAS 157 transition impact Results of variable annuity hedge program GMWB derivatives, net Macro hedge Total results of variable annuity hedge program Other net gain (loss) Total net realized capital gains (losses)

(44) (144) (9) (5) (220)

(129) (115) 27 (10) -

(41) 11 (30) (98) $ (550)

$

Change

2008

P&C 2009

Change

2008

Corporate 2009 Change

(193%) 20% NM (100%) 100%

(31) (47) 1 -

(169) (24) (2) -

NM 49% NM -

(1) -

(2) -

234 105 339 1

NM NM NM NM

(22)

(16)

27%

2

54

113

NM

(99)

$ (211)

52

$

I-5

(113%)

$

1

$

100% -

2008

Consolidated 2009 Change

(76) (191) (9) (4) (220)

(298) (141) 27 (12) -

NM 26% NM NM 100%

NM

(41) 11 (30) (118)

234 105 339 39

NM NM NM NM

NM

$ (648)

(46)

93%

$

THE HARTFORD FINANCIAL SERVICES GROUP, INC. COMPOSITION OF INVESTED ASSETS CONSOLIDATED March 31, 2008 Amount

June 30, 2008

Percent

Amount

September 30, 2008

Percent

Amount

December 31, 2008

Percent

Amount

March 31, 2009

Percent

Amount

Percent

Fixed maturities, available-for-sale, at fair value [1] Equity securities, held for trading, at fair value [2] Equity securities, available-for-sale, at fair value [3] Policy loans, at outstanding balance Mortgage loans, at cost Limited partnerships and other alternative investments [4] Other investments [5] Short-term [6]

$

76,611 37,406 2,463 2,118 5,503 2,619 1,187 3,568

58.3% 28.4% 1.9% 1.6% 4.2% 2.0% 0.9% 2.7%

$

75,068 36,853 2,619 2,146 5,882 2,805 993 5,127

57.1% 28.0% 2.0% 1.6% 4.5% 2.1% 0.8% 3.9%

$

70,091 33,655 1,730 2,159 6,222 2,817 1,410 5,353

56.8% 27.3% 1.4% 1.7% 5.0% 2.3% 1.2% 4.3%

$

65,112 30,820 1,458 2,208 6,469 2,295 1,723 10,022

54.2% 25.7% 1.2% 1.8% 5.4% 1.9% 1.4% 8.4%

$

62,563 27,813 1,080 2,197 6,389 1,981 3,121 11,189

53.8% 23.9% 0.9% 1.9% 5.5% 1.7% 2.7% 9.6%

Total investments Less: Equity securities held for trading

$

131,475 37,406

100.0% 28.4%

$

131,493 36,853

100.0% 28.0%

$

123,437 33,655

100.0% 27.3%

$

120,107 30,820

100.0% 25.7%

$

116,333 27,813

100.0% 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") Commercial mortgage-backed securities ("CMBS") Collateralized mortgage obligation ("CMO") Corporate Government/Government agencies - Foreign Government/Government agencies - U.S. Mortgage-backed securities ("MBS") - agency Municipal - taxable Municipal - tax-exempt

$

8,374 15,056 1,534 34,027 1,048 1,350 2,290 1,374 11,558

10.9% 19.6% 2.0% 44.4% 1.4% 1.8% 3.0% 1.8% 15.1%

$

8,182 14,028 1,326 34,381 979 1,383 2,372 1,017 11,400

10.9% 18.7% 1.8% 45.7% 1.3% 1.8% 3.2% 1.4% 15.2%

$

7,624 12,282 1,235 31,532 875 1,852 2,722 1,029 10,940

10.9% 17.5% 1.8% 45.0% 1.2% 2.6% 3.9% 1.5% 15.6%

$

6,268 8,776 1,177 27,181 2,821 5,956 2,278 894 9,761

9.6% 13.5% 1.8% 41.7% 4.3% 9.2% 3.5% 1.4% 15.0%

$

5,604 8,311 1,033 27,351 853 5,690 2,468 895 10,358

8.9% 13.3% 1.7% 43.7% 1.4% 9.1% 3.9% 1.4% 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 AAA AA A BBB BB & below

$

5,071 24,418 10,932 17,325 15,319 3,546

6.6% 31.9% 14.3% 22.6% 20.0% 4.6%

$

5,005 19,238 13,717 18,344 14,909 3,855

6.7% 25.6% 18.3% 24.4% 19.9% 5.1%

$

5,785 17,613 12,410 17,069 13,794 3,420

8.3% 25.1% 17.7% 24.3% 19.7% 4.9%

$

9,568 13,489 11,646 15,831 12,794 1,784

14.7% 20.7% 17.9% 24.4% 19.6% 2.7%

$

9,306 13,297 9,806 15,238 12,902 2,014

14.9% 21.2% 15.7% 24.4% 20.6% 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, 2008 Amount

June 30, 2008

Percent

Amount

September 30, 2008

Percent

Amount

December 31, 2008

Percent

Amount

March 31, 2009

Percent

Amount

Percent

Fixed maturities, available-for-sale, at fair value Equity securities, held for trading, at fair value [1] Equity securities, available-for-sale, at fair value Policy loans, at outstanding balance Mortgage loans, at cost Limited partnerships and other alternative investments [2] Other investments [3] Short-term

$

50,615 37,406 1,202 2,118 4,821 1,329 1,086 1,807

50.4% 37.3% 1.2% 2.1% 4.8% 1.3% 1.1% 1.8%

$

49,683 36,853 1,194 2,146 5,135 1,407 894 2,756

49.7% 36.8% 1.2% 2.1% 5.1% 1.4% 0.9% 2.8%

$

46,292 33,655 908 2,159 5,460 1,410 1,308 3,793

48.7% 35.4% 1.0% 2.3% 5.7% 1.5% 1.4% 4.0%

$

45,182 30,820 711 2,208 5,684 1,129 1,473 6,937

48.0% 32.7% 0.8% 2.3% 6.0% 1.2% 1.6% 7.4%

$

42,428 27,813 525 2,197 5,633 955 2,909 8,580

46.6% 30.6% 0.6% 2.4% 6.2% 1.0% 3.2% 9.4%

Total investments Less: Equity securities held for trading

$

100,384 37,406

100.0% 37.3%

$

100,068 36,853

100.0% 36.8%

$

94,985 33,655

100.0% 35.4%

$

94,144 30,820

100.0% 32.7%

$

91,040 27,813

100.0% 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 CMBS CMO Corporate Government/Government agencies - Foreign Government/Government agencies - U.S. MBS - agency Municipal - taxable Municipal - tax-exempt

$

6,948 10,679 1,215 24,739 563 994 1,738 1,219 2,520

13.7% 21.1% 2.4% 48.9% 1.1% 2.0% 3.4% 2.4% 5.0%

$

6,920 10,006 1,014 25,131 537 1,048 1,633 883 2,511

13.9% 20.1% 2.0% 50.6% 1.1% 2.1% 3.3% 1.8% 5.1%

$

6,453 8,666 932 23,292 493 1,466 1,747 890 2,353

13.9% 18.7% 2.0% 50.3% 1.1% 3.2% 3.8% 1.9% 5.1%

$

5,401 6,248 882 20,630 2,236 5,156 1,535 758 2,336

12.0% 13.8% 2.0% 45.6% 4.9% 11.4% 3.4% 1.7% 5.2%

$

4,824 5,838 812 20,878 482 4,934 1,521 760 2,379

11.4% 13.8% 1.9% 49.2% 1.1% 11.6% 3.6% 1.8% 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 AAA AA A BBB BB & below

$

3,755 14,630 6,404 12,363 11,413 2,050

7.4% 28.9% 12.7% 24.4% 22.5% 4.1%

$

3,533 12,386 7,479 12,926 11,014 2,345

7.1% 24.9% 15.1% 26.0% 22.2% 4.7%

$

4,036 11,242 6,663 11,992 10,245 2,114

8.7% 24.3% 14.4% 25.9% 22.1% 4.6%

$

7,614 8,533 7,231 11,018 9,401 1,385

16.9% 18.8% 16.0% 24.4% 20.8% 3.1%

$

7,245 8,168 5,350 10,595 9,469 1,601

17.1% 19.2% 12.6% 25.0% 22.3% 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, 2008 Amount

June 30, 2008

Percent

Amount

September 30, 2008

Percent

Amount

December 31, 2008

Percent

Amount

March 31, 2009

Percent

Amount

Percent

Fixed maturities, available-for-sale, at fair value Equity securities, available-for-sale, at fair value Mortgage loans, at cost Limited partnerships and other alternative investments [1] Other investments [2] Short-term

$

25,683 1,162 682 1,290 58 711

86.8% 3.9% 2.3% 4.4% 0.2% 2.4%

$

25,234 1,327 747 1,398 58 1,073

84.6% 4.4% 2.5% 4.7% 0.2% 3.6%

$

23,727 741 762 1,407 62 827

86.2% 2.7% 2.8% 5.1% 0.2% 3.0%

$

19,775 674 785 1,166 207 1,597

81.7% 2.8% 3.2% 4.8% 0.9% 6.6%

$

20,040 482 756 1,026 173 1,266

84.5% 2.0% 3.2% 4.3% 0.7% 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 CMBS CMO Corporate Government/Government agencies - Foreign Government/Government agencies - U.S. MBS - agency Municipal - taxable Municipal - tax-exempt

$

1,426 4,377 319 8,975 485 356 552 155 9,038

5.6% 17.0% 1.2% 34.9% 1.9% 1.4% 2.2% 0.6% 35.2%

$

1,262 4,022 312 9,099 442 335 739 134 8,889

5.0% 16.0% 1.3% 36.0% 1.8% 1.3% 2.9% 0.5% 35.2%

$

1,171 3,616 303 8,168 382 386 975 139 8,587

4.9% 15.2% 1.3% 34.5% 1.6% 1.6% 4.1% 0.6% 36.2%

$

867 2,528 295 6,396 585 800 743 136 7,425

4.4% 12.8% 1.5% 32.3% 3.0% 4.0% 3.8% 0.7% 37.5%

$

780 2,473 221 6,382 367 756 947 135 7,979

3.9% 12.3% 1.1% 31.9% 1.8% 3.8% 4.7% 0.7% 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 AAA AA A BBB BB & below

$

1,316 9,767 4,354 4,865 3,885 1,496

5.1% 38.0% 17.1% 18.9% 15.1% 5.8%

$

1,472 6,844 6,144 5,374 3,890 1,510

5.8% 27.2% 24.3% 21.3% 15.4% 6.0%

$

1,749 6,366 5,701 5,057 3,548 1,306

7.4% 26.8% 24.0% 21.3% 15.0% 5.5%

$

1,954 4,939 4,346 4,747 3,390 399

9.9% 25.0% 22.0% 24.0% 17.1% 2.0%

$

2,061 5,114 4,411 4,608 3,433 413

10.3% 25.5% 22.0% 23.0% 17.1% 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]

Amortized Cost

March 31, 2009 Fair Value

Unrealized Loss

December 31, 2008 Amortized Fair Unrealized Cost Value Loss

8,490 5,691 4,733 5,132 17,821 41,867

$

$

1,873 965 2,194 819 7,537 13,388

$

197 564 195 274 865 2,095

$

Total AFS [3] Securities Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

9,967 6,811 5,912 6,248 28,106 57,044

$

2,788 1,125 2,925 1,172 14,469 22,479

$

351 968 314 414 1,951 3,998

$

$

$

(1,477) (1,120) (1,179) (1,116) (10,285) (15,177)

$

16,425 6,533 7,053 6,459 25,279 61,749

$

$

14,992 5,247 5,873 4,957 16,071 47,140

$

1,852 2,256 910 1,189 8,718 14,925

$

852 214 260 145 609 2,080

$

$

(1,433) (1,286) (1,180) (1,502) (9,208) (14,609)

Securitized Assets Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

$

$

(915) (160) (731) (353) (6,932) (9,091)

$

(154) (404) (119) (140) (1,086) (1,903)

$

$

2,142 3,052 1,284 1,847 15,352 23,677

$

1,106 307 349 204 1,044 3,010

$

$

$

(290) (796) (374) (658) (6,634) (8,752)

BIG [4] and Equity AFS [3] Securities Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

$

$

$

$

$

(254) (93) (89) (59) (435) (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]

Amortized Cost

March 31, 2009 Fair Value

Unrealized Loss

December 31, 2008 Amortized Fair Unrealized Cost Value Loss

$

$

Total AFS Securities Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

8,204 5,000 3,748 4,761 18,337 40,050

$

$

6,834 4,159 2,950 3,865 10,747 28,555

$

(1,370) (841) (798) (896) (7,590) (11,495)

$

12,857 4,100 5,292 3,503 18,034 43,786

$

$

11,776 3,235 4,356 2,504 11,149 33,020

$

$

(1,081) (865) (936) (999) (6,885) (10,766)

Securitized Assets Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

2,698 924 2,089 986 10,750 17,447

$

$

1,797 797 1,571 671 5,431 10,267

$

$

(901) (127) (518) (315) (5,319) (7,180)

$

$

1,848 2,188 1,063 1,398 11,890 18,387

$

$

1,614 1,629 732 908 6,727 11,610

$

$

(234) (559) (331) (490) (5,163) (6,777)

BIG and Equity AFS Securities Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

230 713 223 265 1,612 3,043

$

$

97 402 132 161 661 1,453

$

$

(133) (311) (91) (104) (951) (1,590)

$

$

749 218 238 148 757 2,110

$

$

564 144 164 105 413 1,390

$

$

(185) (74) (74) (43) (344) (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

Amortized Cost

March 31, 2009 Fair Value

Unrealized Loss

December 31, 2008 Amortized Fair Unrealized Cost Value Loss

$

$

Total AFS Securities Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

1,758 1,798 2,128 1,483 9,765 16,932

$

$

1,652 1,520 1,751 1,263 7,071 13,257

$

(106) (278) (377) (220) (2,694) (3,675)

$

3,541 2,396 1,757 2,953 7,243 17,890

$

$

3,191 1,980 1,513 2,451 4,920 14,055

$

$

(350) (416) (244) (502) (2,323) (3,835)

Securitized Assets Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

90 201 836 186 3,719 5,032

$

$

76 168 623 148 2,106 3,121

$

$

(14) (33) (213) (38) (1,613) (1,911)

$

$

294 864 221 449 3,462 5,290

$

$

238 627 178 281 1,991 3,315

$

$

(56) (237) (43) (168) (1,471) (1,975)

BIG and Equity AFS Securities Three months or less Greater than three months to six months Greater than six months to nine months Greater than nine months to twelve months Greater than twelve months Total

$

$

116 242 55 145 335 893

$

$

96 150 31 109 201 587

$

$

(20) (92) (24) (36) (134) (306)

$

$

330 52 107 53 285 827

$

$

263 38 92 38 194 625

$

$

(67) (14) (15) (15) (91) (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

P&C Percent of Total Invested Assets [2]

TOP TEN EXPOSURES BY SECTOR [3]

Cost or Amortized Cost

Financial services Utilities Consumer non cyclical Technology and communications Basic industry Capital goods Energy Consumer cyclical Other Transportation

$

5,990 3,770 3,155 2,825 1,948 1,943 1,750 1,766 1,213 505

$ 4,326 3,494 3,067 2,590 1,742 1,727 1,606 1,546 891 414

6.8% 5.5% 4.9% 4.1% 2.8% 2.7% 2.5% 2.5% 1.4% 0.7%

Total

$ 24,865

$ 21,403

33.9%

JPMorgan Chase & Co. Wells Fargo & Co. Bank of America Corp. AT&T Inc. General Electric Co. Credit Suisse Group AG ConocoPhilips Astrazeneca PLC Vodafone Group PLC Diageo PLC

$

364 278 379 213 315 253 174 164 171 152

$

Total

$

2,463

Fair Value

Cost or Amortized Cost

Fair Value

CONSOLIDATED [1] Percent of Cost or Total Amortized Fair Invested Cost Value Assets [2]

Percent of Total Invested Assets [2]

Financial services Utilities Consumer non cyclical Technology and communications Basic industry Capital goods Consumer cyclical Energy Other Transportation

$

2,122 1,379 1,008 949 479 578 476 437 383 94

$ 1,480 1,237 976 854 607 517 424 410 275 84

6.2% 5.2% 4.1% 3.6% 2.6% 2.2% 1.8% 1.7% 1.2% 0.3%

Total

$

7,905

$ 6,864

28.9%

State of Georgia State of California Insurance Services Office, Inc. New York, NY State of Massachusetts State of Louisiana State of Illinois JPMorgan Chase & Co. State of Mississippi Salt River Project

$

203 210 177 153 142 140 132 106 108

Total

$

1,371

Financial services Utilities Consumer non cyclical Technology and communications Basic industry Capital goods Energy Consumer cyclical Other Transportation

$

8,177 5,150 4,171 3,778 2,505 2,524 2,187 2,248 1,600 599

$ 5,871 4,732 4,051 3,448 2,422 2,247 2,016 1,976 1,170 498

6.6% 5.4% 4.6% 3.9% 2.7% 2.5% 2.3% 2.2% 1.3% 0.6%

Total

$ 32,939

$ 28,431

32.1%

JPMorgan Chase & Co. State of California Wells Fargo & Co. State of Massachusetts AT&T Inc. General Electric Co. Bank of America Corp. Berkshire Hathaway Inc. State of Illinois State of Georgia

$

502 343 362 268 280 424 431 231 214 203

$

Total

$

3,258

TOP TEN EXPOSURES BY ISSUER [4] 248 244 216 201 199 194 174 164 163 152

$ 1,955

0.4% 0.4% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.2% 3.1%

$

212 194 179 178 163 144 141 117 111 104

$ 1,543

0.9% 0.8% 0.8% 0.7% 0.7% 0.6% 0.6% 0.5% 0.5% 0.4% 6.5%

370 324 304 285 266 262 257 232 213 212

$ 2,725

[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

0.4% 0.4% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.2% 3.1%