The Hartford 2010 Annual Report Download - page 132

F-4
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
Consolidated Balance Sheets
As of December 31,
(In millions, except for share data) 2010 2009
Assets
Investments
Fixed maturities, available-for-sale, at fair value (amortized cost of $78,419 and $76,015)
(includes variable interest entity assets, at fair value, of $406 as of December 31, 2010) $ 77,820 $ 71,153
Fixed maturities, at fair value using the fair value option (includes variable interest entity
assets, at fair value, of $323 as of December 31, 2010) 649 —
Equity securities, trading, at fair value (cost of $33,899 and $33,070) 32,820 32,321
Equity securities, available-for-sale, at fair value (cost of $1,013 and $1,333) 973 1,221
Mortgage loans (net of allowances for loan losses of $155 and $366) 4,489 5,938
Policy loans, at outstanding balance 2,181 2,174
Limited partnerships and other alternative investments (includes variable interest entity
assets of $14 as of December 31, 2010) 1,918 1,790
Other investments 1,617 602
Short-term investments 8,528 10,357
Total investments 130,995 125,556
Cash 2,062 2,142
Premiums receivable and agents’ balances, net 3,273 3,404
Reinsurance recoverables, net 4,862 5,384
Deferred policy acquisition costs and present value of future profits 9,857 10,686
Deferred income taxes, net 3,725 3,940
Goodwill 1,051 1,204
Property and equipment, net 1,150 1,026
Other assets 1,629 3,981
Separate account assets 159,742 150,394
Total assets $ 318,346 $ 307,717
Liabilities
Reserve for future policy benefits and unpaid losses and loss adjustment expenses $ 39,598 $ 39,631
Other policyholder funds and benefits payable 44,550 45,852
Other policyholder funds and benefits payable – international variable annuities 32,793 32,296
Unearned premiums 5,176 5,221
Short-term debt 400 343
Long-term debt 6,207 5,496
Consumer notes 382 1,136
Other liabilities (includes variable interest entity liabilities of $394 as of December 31,
2010) 9,187 9,454
Separate account liabilities 159,742 150,394
Total liabilities 298,035 289,823
Commitments and Contingencies (Note 12)
Equity
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 575,000 and
3,400,000 shares issued, liquidation preference $1,000 per share 556 2,960
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 469,754,771 and
410,184,182 shares issued 5 4
Additional paid-in capital 10,448 8,985
Retained earnings 12,077 11,164
Treasury stock, at cost — 25,205,283 and 27,177,019 shares (1,774) (1,936)
Accumulated other comprehensive loss, net of tax (1,001) (3,312)
Total stockholders’ equity 20,311 17,865
Noncontrolling interest — 29
Total equity 20,311 17,894
Total liabilities and equity $ 318,346 $ 307,717
See Notes to Consolidated Financial Statements.