The Hartford 2014 Annual Report Download - page 158

Table of Contents
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
The Company currently conducts business principally in six reporting segments, as well as a Corporate category. The Company's revenues from continuing
operations are generated primarily in the United States ("U.S."). Any foreign sourced revenue in continuing operations is immaterial.
The Company’s reporting segments, as well as the Corporate category, are as follows:

Commercial Lines provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the
United States (“U.S.”), along with a variety of customized insurance products and risk management services including professional liability, bond, and
specialty casualty coverages.
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Personal Lines provides standard automobile, homeowners and personal umbrella coverages to individuals across the U.S., including a special program
designed exclusively for members of AARP.
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Property & Casualty Other Operations includes certain property and casualty operations, currently managed by the Company, that have discontinued writing
new business and including substantially all of the Company’s asbestos and environmental exposures.

Group Benefits provides employers, associations, affinity groups and financial institutions with group life, accident and disability coverage, along with other
products and services, including voluntary benefits, and group retiree health.

Mutual Funds offers investment products for retail and retirement accounts and provides investment management and administrative services such as product
design, implementation and oversight. This business also includes the runoff of the mutual funds supporting the Company's variable annuity products.
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Talcott Resolution is comprised of runoff business from the Company's individual annuity, the retained Japan fixed payout annuity liabilities, institutional
and private-placement life insurance businesses. The Company's individual annuity business consist of U.S. annuity products for individuals, which include
variable, fixed, and payout annuity products. In addition, Talcott Resolution includes the Retirement Plans and Individual Life businesses sold in 2013 and
the Company's discontinued Japan and U.K. annuity businesses. For further information regarding the sale of these businesses, see Note 2 - Business
Dispositions and Note 19 - Discontinued Operations of Notes to Consolidated Financial Statements.
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The Company includes in the Corporate category the Company’s debt financing and related interest expense, as well as other capital raising activities,
certain purchase accounting adjustments and other charges not allocated to the segments.
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Certain transactions between segments occur during the year that primarily relate to tax settlements, insurance coverage, expense reimbursements, services
provided, security transfers and capital contributions. Also, one segment may purchase group annuity contracts from another to fund pension costs and
annuities to settle casualty claims. In addition, certain inter-segment transactions occur that relate to interest income on allocated surplus. Consolidated net
investment income is unaffected by such transactions.
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