The Hartford 2007 Annual Report Download - page 262

S-7
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE V
VALUATION AND QUALIFYING ACCOUNTS
(In millions) Balance
January 1,
Charged to
Costs and
Expenses
Translation
Adjustment
Write-offs/
Payments/
Other
Balance
December 31,
2007
Allowance for doubtful accounts and
other $ 114 $ 47 $ — $ (35) $ 126
Allowance for uncollectible
reinsurance 412 12 — (20) 404
Accumulated depreciation of property
and equipment 1,241 232 — (78) 1,395
Valuation allowance for deferred taxes 60 (17) — — 43
2006
Allowance for doubtful accounts and
other $ 120 $ 35 $ — $ (41) $ 114
Allowance for uncollectible
reinsurance 413 284 — (285) 412
Accumulated depreciation of property
and equipment 1,150 193 — (102) 1,241
Valuation allowance for deferred taxes 44 16 — — 60
2005
Allowance for doubtful accounts and
other $ 175 $ 28 $ — $ (83) $ 120
Allowance for uncollectible
reinsurance 374 38 — 1 413
Accumulated depreciation of property
and equipment 1,051 206 — (107) 1,150
Valuation allowance for deferred taxes 35 9 — — 44
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE VI
SUPPLEMENTAL INFORMATION CONCERNING
PROPERTY AND CASUALTY INSURANCE OPERATIONS
Discount
Deducted From
Losses and Loss Adjustment
Expenses Incurred Related to:
Paid Losses and
Loss Adjustment
(In millions)
Liabilities [1] Current Year Prior Year Expenses
Years ended December 31,
2007 $ 568 $ 6,869 $ 48 $ 6,290
2006 $ 605 $ 6,706 $ 296 $ 6,150
2005 $ 608 $ 6,715 $ 248 $ 6,291
[1] Reserves for permanently disabled claimants and certain structured settlement contracts that fund loss run-offs have been discounted using the
weighted average interest rates of 5.5%, 5.6%, and 5.6% for 2007, 2006 and 2005, respectively.