The Hartford 2010 Annual Report Download - page 153

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THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
F-25
4. Fair Value Measurements – Financial Instruments Excluding Guaranteed Living Benefits (continued)
Roll-forward of Financial Instruments Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs
(Level 3) for the twelve months from January 1, 2008 to December 31, 2008
Changes in unrealized
gains (losses)
Fair value Total realized/unrealized Purchases, included in net income
as of gains (losses) included in: issuances, Transfers in Fair value related to financial
January 1, Net income and and/or (out) as of instruments still held at
Asset (Liability) 2008 [1] OCI [3] settlements of Level 3 [5] December 31, 2008 December 31, 2008 [1]
Assets
Fixed maturities $ 17,996 $ (988) $ (4,178) $ 858 $ (1,878) $ 11,810 $ (811)
Equity securities, AFS 1,339 (77) 11 64 (796) 541 (67)
Freestanding derivatives [2] (419) (471) 16 491 102 (281) (301)
Separate accounts [4] 701 (204) — (26) 315 786 (73)
Liabilities
Other policyholder funds and
benefits payable
Institutional notes $ (24) $ (17) $ — $ — $ — $ (41) $ (17)
Equity linked notes (21) 13 — — — (8) 13
Total other policyholder funds and
benefits payable (45) (4) — — — (49) (4)
Other Liabilities
Derivative liability-warrants [6] — 110 — (273) — (163) 110
Consumer notes (5) 5 — (5) — (5) 5
[1] All amounts in these columns are reported in net realized capital gains/losses except for $6 for the twelve months ending December 31, 2008,
which is reported in benefits, losses and loss adjustment expenses. All amounts are before income taxes and amortization of DAC.
[2] The freestanding derivatives are reported in this table on a net basis for asset/(liability) positions and reported in the Consolidated Balance Sheet
in other investments and other liabilities.
[3] All amounts are before income taxes and amortization of DAC.
[4] The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account
liabilities, which results in a net zero impact on net income for the Company.
[5] Transfers in and/or (out) of Level 3 are attributable to a change in the availability of market observable information for individual securities
within the respective categories.
[6] These amounts represent certain Allianz warrants. See Note 21 for further discussion.