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THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
F-27
4. Fair Value Measurements (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, 2010 to December 31, 2010.
Fixed Maturities, AFS
Assets
ABS
CDOs
CMBS
Corporate
Foreign
govt./govt.
agencies
Municipal
RMBS
Total Fixed
Maturities,
AFS
Fixed
Maturities,
FVO
Fair value as of January 1, 2010
$
580
$
2,835
$
307
$
8,027
$
93
$
262
$
1,153
$
13,257
$
—
Total realized/unrealized gains (losses)
Included in net income [1], [2], [6]
(17)
(151)
(132)
(14)
—
1
(43)
(356)
80
Included in OCI [3]
92
533
409
320
5
24
254
1,637
—
Purchases, issuances, and settlements
(74)
(234)
(186)
78
(8)
14
(161)
(571)
(11)
Transfers into Level 3 [4]
40
42
443
967
8
11
146
1,657
453
Transfers out of Level 3 [4]
(144)
(444)
(152)
(7,249)
(42)
(40)
(64)
(8,135)
—
Fair value as of December 31, 2010
$
477
$
2,581
$
689
$
2,129
$
56
$
272
$
1,285
$
7,489
$
522
Changes in unrealized gains (losses)
included in net income related to
financial instruments still held at
December 31, 2010 [2] [7]
$
(8)
$
(158)
$
(73)
$
(24)
$
—
$
—
$
(38)
$
(301)
$
76
Freestanding Derivatives [5]
Assets (Liabilities)
Equity
Securities,
AFS
Credit
Equity
Interest
Rate
U.S.
GMWB
Hedging
U.S.
Macro
Hedge
Program
Intl.
Program
Hedging
Instr.
Other
Contracts
Total Free-
Standing
Derivatives [5]
Fair value as of January 1, 2010
$
58
$
(228)
$
(2)
$
5
$
236
$
278
$
12
$
36
$
337
Total realized/unrealized gains (losses)
Included in net income [1], [2], [6]
(6)
124
6
(4)
(74)
(312)
(29)
(4)
(293)
Included in OCI [3]
9
—
—
1
—
—
—
—
1
Purchases, issuances, and settlements
16
4
—
(44)
442
237
22
—
661
Transfers into Level 3 [4]
98
(290)
—
—
—
—
—
—
(290)
Transfers out of Level 3 [4]
(21)
—
—
(11)
(4)
—
—
—
(15)
Fair value as of December 31, 2010
$
154
$
(390)
$
4
$
(53)
$
600
$
203
$
5
$
32
$
401
Changes in unrealized gains (losses)
included in net income related to
financial instruments still held at
December 31, 2010 [2] [7] $
(8) $
116 $
6 $
(24) $
(61) $
(292) $
(29) $
(4) $
(288)
Assets
Reinsurance Recoverable
for U.S. GMWB
Separate Accounts
Fair value as of January 1, 2010
$
347
$
962
Total realized/unrealized gains (losses)
Included in net income [1], [2], [6] (102)
142
Purchases, issuances, and settlements
35
314
Transfers into Level 3 [4]
—
14
Transfers out of Level 3 [4]
—
(185)
Fair value as of December 31, 2010
$
280
$
1,247
Changes in unrealized gains (losses) included in net income related to financial instruments
still held at December 31, 2010 [2] [7]
$
(102)
$
20