The Hartford 2014 Annual Report Download - page 185
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Table of Contents
The following table presents the carrying value of the Company’s commercial mortgage loans by LTV and DSCR.
Greater than 80% $ 53 1.07x
$ 101 0.99x
65% - 80% 789 1.75x
1,195 1.82x
Less than 65% 4,714 2.66x
4,302 2.53x
The following tables present the carrying value of the Company’s mortgage loans by region and property type.
East North Central $ 211 3.8%
$ 187 3.3%
Middle Atlantic 468 8.4%
409 7.3%
Mountain 88 1.6%
104 1.9%
New England 381 6.9%
353 6.3%
Pacific 1,607 29.0%
1,587 28.3%
South Atlantic 1,019 18.3%
899 16.1%
West North Central 44 0.8%
47 0.8%
West South Central 302 5.4%
338 6.0%
Other [1] 1,436 25.8%
1,674 30.0%
[1] Primarily represents loans collateralized by multiple properties in various regions.
Commercial
Agricultural $ 46 0.8%
$ 125 2.2%
Industrial 1,476 26.6%
1,718 30.7%
Lodging 26 0.5%
27 0.5%
Multifamily 1,190 21.4%
1,155 20.6%
Office 1,517 27.3%
1,278 22.8%
Retail 1,147 20.6%
1,140 20.4%
Other 154 2.8%
155 2.8%
The Company is involved with various special purpose entities and other entities that are deemed to be VIEs primarily as a collateral or investment manager
and as an investor through normal investment activities, as well as a means of accessing capital through a contingent capital facility. For further information
on the facility, see Note 12 - Debt of Notes to Consolidated Financial Statements.
A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest or lacks sufficient funds to finance its
own activities without financial support provided by other entities.
F-49