The Hartford 2009 Annual Report Download - page 241

S-2
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 2009 2008
Assets
Fixed maturities, available-for-sale, at fair value $ 309 $ 149
Other investments 36 42
Short-term investments 1,936 1,484
Investment in affiliates 21,642 14,517
Deferred income taxes 755 583
Unamortized issue costs 51 55
Other assets 368 33
Total assets $ 25,097 $ 16,863
Liabilities and Stockholders’ Equity
Net payable to affiliates $ 366 $ 779
Short-term debt (includes current maturities of long-term debt) 275 374
Long-term debt 5,250 5,514
Other liabilities 1,341 928
Total liabilities 7,232 7,595
Total stockholders’ equity 17,865 9,268
Total liabilities and stockholders’ equity $ 25,097 $ 16,863
For the years ended December 31,
Condensed Statements of Operations 2009 2008 2007
Net investment income $ 8 $ 30 $ 24
Net realized capital gains (losses) (231) 103 (4)
Total revenues (223) 133 20
Interest expense 457 323 241
Other expenses 8 (3) 18
Total expenses 465 320 259
Loss before income taxes and earnings of subsidiaries (688) (187) (239)
Income tax benefit (157) (102) (83)
Loss before earnings of subsidiaries (531) (85) (156)
Earnings of subsidiaries (356) (2,664) 3,105
Net income (loss) $ (887) $ (2,749) $ 2,949
Certain reclassifications have been made to prior year financial information to conform to the current year presentation.
The condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto.