The Hartford 2008 Annual Report Download - page 375

Table of Contents
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
3. Segment Information (continued)
Certain transactions between segments occur during the year that primarily relate to tax settlements, insurance coverage,
expense reimbursements, services provided, security transfers and capital contributions. In addition, certain reinsurance stop
loss arrangements exist between the segments which specify that one segment will reimburse another for losses incurred in
excess of a predetermined limit. Also, one segment may purchase group annuity contracts from another to fund pension
costs and annuities to settle casualty claims. In addition, certain inter-segment transactions occur in Life. These transactions
include interest income on allocated surplus. Consolidated Life net investment income is unaffected by such transactions.
The following tables present revenues and net income (loss). Underwriting results are presented for the Personal Lines,
Small Commercial, Middle Market and Specialty Commercial segments, while net income is presented for each of Life’s
reporting segments, total Property & Casualty Ongoing Operations, Property & Casualty Other Operations and Corporate.
For the years ended December 31,
Revenues by Product Line 2008 2007 2006
Life
Earned premiums, fees, and other considerations
Retail
Individual annuity:
Individual variable annuity $ 1,943 $ 2,225 $ 1,957
Fixed / MVA Annuity (6) 2 1
Retail mutual funds 618 642 524
Other 198 186 127
Total Retail 2,753 3,055 2,609
Individual Life
Total Individual Life 828 808 832
Total Individual Markets Group 3,581 3,863 3,441
Retirement Plans
401(k) 290 187 160
403(b)/457 48 55 52
Total Retirement Plans 338 242 212
Group Benefits
Group disability 2,020 1,920 1,849
Group life and accident 2,084 1,926 1,830
Other 287 455 470
Total Group Benefits 4,391 4,301 4,149
Total Employer Markets Group 4,729 4,543 4,361
International
Variable annuity 876 820 691
Fixed MVA annuity (7) 10 10
Other 3 2 —
Total International 872 832 701
Institutional
IIP 923 1,015 630
PPLI 118 223 102
Total Institutional 1,041 1,238 732
Other 60 67 81
Total Life premiums, fees, and other considerations 10,283 10,543 9,316
Net investment income (loss)
Securities available-for-sale and other 3,045 3,497 3,184
Equity securities held for trading (10,340) 145 1,824
Net investment income (loss) (7,295) 3,642 5,008
Net realized capital losses (4,138) (819) (260)
Total Life (1,150) 13,366 14,064
F-27
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009