The Hartford 2014 Annual Report Download - page 191

Table of Contents



  
   


 

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
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
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

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
Interest rate swaps $ 3,999 $ 5,026 $ 44 $ (92) $ 52 $ 50 $ (8) $ (142)
Foreign currency swaps 143 143 (19) (5) 3 2 (22) (7)
        

Interest rate swaps 32 1,799 — (24) — 3 — (27)
        

Interest rate contracts
Interest rate swaps, caps, floors, and futures 15,254 8,453 (512) (487) 536 171 (1,048) (658)
Foreign exchange contracts
Foreign currency swaps and forwards 177 258 1 (9) 3 6 (2) (15)
Japan fixed payout annuity hedge 1,319 1,571 (427) (354) — — (427) (354)
Japanese fixed annuity hedging instruments [1] — 1,436 — (6) — 88 — (94)
Credit contracts
Credit derivatives that purchase credit protection 595 938 (6) (15) 4 1 (10) (16)
Credit derivatives that assume credit risk [2] 1,487 1,886 3 33 14 36 (11) (3)
Credit derivatives in offsetting positions 5,343 7,764 (3) (7) 53 76 (56) (83)
Equity contracts
Equity index swaps and options 635 358 2 (1) 31 19 (29) (20)
Variable annuity hedge program
GMWB product derivative [3] 17,908 21,512 (139) (36) — — (139) (36)
GMWB reinsurance contracts 3,659 4,508 56 29 56 29 — —
GMWB hedging instruments 14,442 18,691 174 41 289 333 (115) (292)
Macro hedge program 6,383 9,934 141 139 180 178 (39) (39)
International program product derivatives [1] — 366 — 6 — 6 — —
International program hedging instruments [1] — 73,048 — (33) — 866 — (899)
Other
Contingent capital facility put option 500 500 12 17 12 17 — —
Modified coinsurance reinsurance contracts 974 1,250 34 67 34 67 — —
        

                

Fixed maturities, available-for-sale $ 454 $ 473 $ 2 $ (2) $ 2 $ 1 $ — $ (3)
Other investments 23,014 53,219 364 442 624 909 (260) (467)
Other liabilities 26,791 78,064 (930) (1,225) 551 936 (1,481) (2,161)
Reinsurance recoverables 4,633 5,758 90 96 90 96 — —
Other policyholder funds and benefits payable 17,958 21,927 (165) (48) — 6 (165) (54)
                
[1] Represents hedge programs formerly associated with the Japan variable and fixed annuity products which were terminated due to the sale of HLIKK during 2014. For
further information on the sale, see Note 2 - Business Dispositions of Notes to the Consolidated Financial Statements.
[2] The derivative instruments related to this strategy are held for other investment purposes.
[3] These derivatives are embedded within liabilities and are not held for risk management purposes.
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