The Hartford 2011 Annual Report Download - page 235

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S-7
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,
2011
Allowance for doubtful accounts and other
$
119
$
45
$
—
$
(45)
$
119
Allowance for uncollectible reinsurance 290 5 — (5) 290
Valuation allowance on mortgage loans 155 26 — (79) 102
Valuation allowance for deferred taxes 173 (78) — — 95
2010
Allowance for doubtful accounts and other
$
121
$
53
$
—
$
(55)
$
119
Allowance for uncollectible reinsurance 335 11 — (56) 290
Valuation allowance on mortgage loans 366 157 — (368) 155
Valuation allowance for deferred taxes 86 87 — — 173
2009
Allowance for doubtful accounts and other $ 125 $ 53 $ — $ (57) $ 121
Allowance for uncollectible reinsurance 379 11 — (55) 335
Valuation allowance on mortgage loans 26 408 — (68) 366
Valuation allowance for deferred taxes 75 11 — — 86
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,
2011
$
542
$
7,420
$
367
$
7,218
2010
$
524
$
6,768
$
(196)
$
6,834
2009
$
511
$
6,596
$
(186)
$
6,547
[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 4.4%, 4.8%, and 5.0% for 2011, 2010, and 2009, respectively.