Home » The Hartford Annual Reports » 2008 Annual Report - page 303

The Hartford 2008 Annual Report Download - page 303

Download and view the complete annual report

Please find page 303 of the 2008 The Hartford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

As a result of these significant accounting differences, the liability for guarantees recorded under SOP 03-1 may be

significantly different than if it was recorded under SFAS 133 and vice versa. In addition, the conditions in the capital

markets in Japan versus those in the U.S. are sufficiently different that if the Company’s GMWB product currently offered

in the U.S. were offered in Japan, the capital market conditions in Japan would have a significant impact on the valuation of

the GMWB, irrespective of the accounting model. The same would hold true if the Company’s GMIB product currently

offered in Japan were to be offered in the U.S. Capital market conditions in the U.S. would have a significant impact on the

valuation of the GMIB.

182

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