The Hartford 2008 Annual Report Download - page 338

Table of Contents
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
Consolidated Balance Sheets
As of December 31,
(In millions, except for share data) 2008 2007
Assets
Investments
Fixed maturities, available-for-sale, at fair value (amortized cost of $78,238
and $80,724) $ 65,112 $ 80,055
Equity securities, held for trading, at fair value (cost of $35,278 and $30,489) 30,820 36,182
Equity securities, available-for-sale, at fair value (cost of $1,554 and $2,611) 1,458 2,595
Policy loans, at outstanding balance 2,208 2,061
Mortgage loans on real estate 6,469 5,410
Limited partnerships and other alternative investments 2,295 2,566
Other investments 1,723 615
Short-term investments 10,022 1,602
Total investments 120,107 131,086
Cash 1,811 2,011
Premiums receivable and agents’ balances 3,604 3,681
Reinsurance recoverables 6,357 5,150
Deferred policy acquisition costs and present value of future profits 13,248 11,742
Deferred income taxes 5,239 308
Goodwill 1,060 1,726
Property and equipment, net 1,075 972
Other assets 4,898 3,739
Separate account assets 130,184 199,946
Total assets $ 287,583 $ 360,361
Liabilities
Reserve for future policy benefits and unpaid losses and loss adjustment
expenses
Property and casualty $ 21,933 $ 22,153
Life 16,747 15,331
Other policyholder funds and benefits payable 53,753 44,190
Other policyholder funds and benefits payable — International variable
annuities 30,799 36,152
Unearned premiums 5,379 5,545
Short-term debt 398 1,365
Long-term debt 5,823 3,142
Consumer notes 1,210 809
Other liabilities 12,089 12,524
Separate account liabilities 130,184 199,946
Total liabilities 278,315 341,157
Commitments and Contingencies (Note 12)
Stockholders’ Equity
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 6,048,387
and 0 shares issued — —
Common stock, $0.01 par value — 750,000,000 shares authorized,
329,920,310 and 329,951,138 shares issued 3 3
Additional paid-in capital 7,569 6,627
Retained earnings 11,336 14,686
Treasury stock, at cost — 29,341,378 and 16,108,895 shares (2,120) (1,254)
Accumulated other comprehensive loss, net of tax (7,520) (858)
Total stockholders’ equity 9,268 19,204
Total liabilities and stockholders’ equity $ 287,583 $ 360,361
See Notes to Consolidated Financial Statements.
F-4
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009