The Hartford 2008 Annual Report Download - page 456

Table of Contents
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
16. Accumulated Other Comprehensive Income (Loss), Net of Tax
Comprehensive income is defined as all changes in stockholders’ equity, except those arising from transactions with
stockholders. Comprehensive income includes net income and other comprehensive income (loss), which for the Company
consists of changes in net unrealized appreciation or depreciation of available-for-sale investments carried at market value,
changes in gains or losses on cash-flow hedging instruments, changes in foreign currency translation gains or losses and
changes in the Company’s minimum pension liability.
The components of AOCI were as follows:
Pension and
Net Gain (Loss) Foreign Other Accumulated
Unrealized on Cash-Flow Currency Postretirement Other
Gain (Loss) on Hedging Translation Plan Comprehensive
Securities Instruments Adjustments Adjustment Income (Loss)
For the year ended
December 31, 2008
Balance, beginning of
year $ (359) $ (140) $ 26 $ (385) $ (858)
Unrealized loss on
securities [1] [2] (7,127) — — — (7,127)
Net gain on cash-flow
hedging instruments [1]
[3] — 784 — — 784
Change in foreign
currency translation
adjustments [1] — — 196 — 196
Change in pension and
other postretirement
plan adjustment [1] — — — (515) (515)
Balance, end of year $ (7,486) $ 644 $ 222 $ (900) $ (7,520)
For the year ended
December 31, 2007
Balance, beginning of
year $ 1,058 $ (234) $ (120) $ (526) $ 178
Unrealized gain on
securities [1] [2] (1,417) — — — (1,417)
Net loss on cash-flow
hedging instruments [1]
[3] — 94 — — 94
Change in foreign
currency translation
adjustments [1] — — 146 — 146
Change in pension and
other postretirement
plan adjustment [1] — — — 141 141
Balance, end of year $ (359) $ (140) $ 26 $ (385) $ (858)
For the year ended
December 31, 2006
Balance, beginning of
year $ 969 $ (110) $ (149) $ (620) $ 90
Unrealized loss on
securities [1] [2] 89 — — — 89
Net gain on cash-flow
hedging instruments [1]
[3] — (124) — — (124)
Change in foreign
currency translation
— — 29 — 29
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009