The Hartford 2008 Annual Report Download - page 429

Table of Contents
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
8. Goodwill and Other Intangible Assets (continued)
The following is detail of the net acquired intangible asset activity for the years ended December 31, 2008, 2007 and 2006,
respectively.
Renewal Distribution Servicing
Rights Agreement Intangibles Other Total
For the year ended
December 31, 2008
Balance, beginning of year $ 2 $ 65 $ — $ — $ 67
Acquisition of business — — 14 1 15
Amortization, net of the
accretion of interest (1) (6) (1) — (8)
Balance, ending of year $ 1 $ 59 $ 13 $ 1 $ 74
For the year ended
December 31, 2007
Balance, beginning of year $ 2 $ — $ — $ 4 $ 6
Distribution agreement — 70 — — 70
Amortization, net of the
accretion of interest — (5) — (4) (9)
Balance, ending of year $ 2 $ 65 $ — $ — $ 67
For the year ended
December 31, 2006
Balance, beginning of year $ 5 $ — $ — $ 7 $ 12
Amortization, net of the
accretion of interest (3) — — (3) (6)
Balance, ending of year $ 2 $ — $ — $ 4 $ 6
Estimated future net amortization expense for the succeeding five years is as follows:
For the years ended December 31,
2009 $ 7
2010 7
2011 6
2012 6
2013 6
For a discussion of present value of future profits that continue to be subject to amortization and aggregate amortization
expense, see Note 7.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009