The Hartford 2012 Annual Report Download - page 77

Table of Contents

   
Written premiums $6,209 $6,176 $5,796
Change in unearned premium reserve (50) 49 52
Earned premiums 6,259 6,127 5,744
Losses and loss adjustment expenses
Current accident year before catastrophes 4,178 4,139 3,579
Current accident year catastrophes 325 320 152
Prior accident years 72 125 (361)
Total losses and loss adjustment expenses 4,575 4,584 3,370
Amortization of deferred policy acquisition costs 927 917 905
Underwriting expenses 925 887 855
Dividends to policyholders 14 18 5
 
Net servicing income 17 13 9
Net investment income 924 910 935
Net realized capital gains (losses) 67 (50)3
Goodwill impairment —(30) —
Other expenses (115) (151) (147)
   
Income tax expense 159 37 414
   
Income (loss) from discontinued operations, net of tax [1] (5) 150 12
   
[1] Represents the income from operations and sale of Specialty Risk Services (“SRS”). For additional information, see Note 20 of the Notes to
Consolidated Financial Statements.
   
New business premium $968 $1,097 $1,122
Standard commercial lines policy count retention 83%82%84%
Standard commercial lines renewal written pricing increase (decrease) 8%4%1%
Standard commercial lines renewal earned pricing increase (decrease) 6%2%—%
Standard commercial lines policies in-force as of end of period 1,263,343 1,253,642 1,211,762
[1] Standard commercial lines represents the Company’s small commercial and middle market property and casualty lines.
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