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Amortization of

deferred policy

acquisition costs

and present value of

future profits

Amortization of deferred policy acquisition costs increased as a result of the higher Unlock

in the third quarter of 2008 as compared to the Unlock in the third quarter of 2007, partially

offset by lower DAC amortization associated with lower gross profits. For further

discussion, see Unlock and Sensitivity Analysis in the Critical Accounting Estimates

section of the MD&A.

Income tax expense

(benefit)

•

The income tax benefit for 2008 as compared to the prior year periods income tax expense

was due to lower income before income taxes primarily due to increased realized capital

losses and increased tax benefits associated with the dividends received deduction of $12.

85

Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009