The Hartford 2008 Annual Report Download - page 474

Table of Contents
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(Registrant)
(In millions) As of December 31,
Condensed Balance Sheets 2008 2007
Assets
Other assets $ 2,346 $ 1,414
Investment in affiliates 14,517 23,120
Total assets $ 16,863 $ 24,534
Liabilities and Stockholders’ Equity
Net payable to affiliates $ 779 $ 663
Short-term debt (includes current maturities of long-term debt) 374 1,328
Long-term debt 5,514 2,811
Other liabilities 928 528
Total liabilities 7,595 5,330
Total stockholders’ equity 9,268 19,204
Total liabilities and stockholders’ equity $ 16,863 $ 24,534
(In millions) For the years ended December 31,
Condensed Statements of Operations 2008 2007 2006
Interest expense (net of interest income) $ 293 $ 217 $ 198
Other expenses (106) 22 44
Loss before income taxes and earnings of subsidiaries (187) (239) (242)
Income tax benefit (102) (83) (84)
Loss before earnings of subsidiaries (85) (156) (158)
Earnings of subsidiaries (2,664) 3,105 2,903
Net income (loss) $ (2,749) $ 2,949 $ 2,745
The condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto.
S-2
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009