The Hartford 2009 Annual Report Download - page 248
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S-9
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,
2009
Allowance for doubtful accounts and other $ 125 $ 53 $ — $ (57) $ 121
Allowance for uncollectible reinsurance 379 11 — (55) 335
Accumulated depreciation of property and
equipment 1,601 253 — (110) 1,744
Valuation allowance on mortgage loans 26 408 — (68) 366
Valuation allowance for deferred taxes 75 11 — — 86
2008
Allowance for doubtful accounts and other $ 126 $ 53 $ — $ (54) $ 125
Allowance for uncollectible reinsurance 404 12 — (37) 379
Accumulated depreciation of property and
equipment 1,395 228 — (22) 1,601
Valuation allowance on mortgage loans — 26 — — 26
Valuation allowance for deferred taxes 43 32 — — 75
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
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE VI
SUPPLEMENTAL INFORMATION CONCERNING
PROPERTY AND CASUALTY INSURANCE OPERATIONS
(In millions)
Discount
Deducted From
Losses and Loss Adjustment
Expenses Incurred Related to:
Paid Losses and
Loss Adjustment
Liabilities [1] Current Year Prior Year Expenses
Years ended December 31,
2009 $ 511 $ 6,596 $ (186) $ 6,547
2008 $ 488 $ 6,933 $ (226) $ 6,591
2007 $ 568 $ 6,869 $ 48 $ 6,290
[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 5.0%, 5.4%, and 5.5% for2009, 2008, and 2007, respectively.