The Hartford 2015 Annual Report Download - page 234

S-2
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(Registrant)
(In millions)
As of December 31,
Condensed Balance Sheets 2015 2014
Assets
Fixed maturities, available-for-sale, at fair value $ 1,361 $ 1,093
Other investments 7 12
Short-term investments 350 961
Investment in affiliates 22,601 23,800
Deferred income taxes 1,450 1,582
Unamortized issue costs 43 49
Other assets 37 36
Total assets $ 25,849 $ 27,533
Liabilities and Stockholders’ Equity
Net payable to affiliates $ 1,355 $ 1,218
Short-term debt (includes current maturities of long-term debt) 275 456
Long-term debt 4,941 5,510
Other liabilities 1,636 1,629
Total liabilities 8,207 8,813
Total stockholders’ equity 17,642 18,720
Total liabilities and stockholders’ equity $ 25,849 $ 27,533
For the years ended December 31,
Condensed Statements of Operations and Comprehensive Income 2015 2014 2013
Net investment income $ 14 $ 11 $ 10
Net realized capital losses (6) (6) (7)
Total revenues 8 5 3
Interest expense 346 365 384
Other expenses 35 134 178
Total expenses 381 499 562
Loss before income taxes and earnings of subsidiaries (373)(494) (559)
Income tax benefit (131) (172) (187)
Loss before earnings of subsidiaries (242)(322) (372)
Earnings of subsidiaries 1,924 1,120 548
Net income (loss) 1,682 798 176
Other comprehensive income (loss) - parent company:
Change in net gain/loss on cash-flow hedging instruments — — (11)
Change in net unrealized gain/loss on securities (1) 10 (13)
Change in pension and other postretirement plan adjustments (82) (292) 127
Other comprehensive income (loss), net of taxes before other comprehensive income of
subsidiaries (83)(282) 103
Other comprehensive income of subsidiaries (1,174) 1,289 (3,025)
Total other comprehensive income (loss) (1,257) 1,007 (2,922)
Total comprehensive income (loss) $ 425 $ 1,805 $ (2,746)