The Hartford 2009 Annual Report Download - page 225

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
F-76
16. Accumulated Other Comprehensive Income (Loss), Net of Tax
The components of AOCI were as follows:
For the year ended December 31, 2009
Unrealized
Gain (Loss)
on Securities
Net Gain
(Loss) on
Cash-Flow
Hedging
Instruments
Foreign
Currency
Translation
Adjustments
Pension and
Other
Postretirement
Plan
Adjustment
Accumulated
Other
Comprehensive
Income (Loss)
Balance, beginning of year $ (7,486) $ 644 $ 222 $ (900) $ (7,520)
Unrealized gain on securities [1] [2] 5,909 — — — 5,909
Change in other-than-temporary impairment losses
recognized in other comprehensive income [1] (224) — — — (224)
Cumulative effect of accounting change (912) — — — (912)
Change in net gain on cash-flow hedging instruments [1] [3] — (387) — — (387)
Change in foreign currency translation adjustments [1] — — (23) — (23)
Change in pension and other postretirement
plan adjustment [1]
— — — (155) (155)
Balance, end of year $ (2,713) $ 257 $ 199 $ (1,055) $ (3,312)
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)
Change in net loss 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 loss on securities [1] [2] (1,417) — — — (1,417)
Change in 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)
[1] Included in the unrealized gain/loss balance as of December 31, 2009, 2008 and 2007 was net unrealized gains (losses) credited to policyholders
of $(82), $(101) and $3, respectively. Included in the AOCI components were the following:
• Unrealized gain/loss on securities is net of tax and Life deferred acquisition costs of $2,358, $(3,366), and $(718) for the years ended December
31, 2009, 2008 and 2007, respectively.
• Change in other-than-temporary losses recognized in other comprehensive income is net of changes in the fair value and/or sales of non-credit
impaired securities of $244 and net of tax and Life deferred acquisition costs of $215 for the year ended December 31, 2009.
• Net gain (loss) on cash-flow hedging instruments is net of tax of $(208), $422, and $51 for the years ended December 31, 2009, 2008 and 2007,
respectively.
• Changes in foreign currency translation adjustments are net of tax of $(12), $106 and $79 for the years ended December 31, 2009, 2008 and
2007, respectively.
• Change in pension and other postretirement plan adjustment is net of tax of $(86), $(276), and $48 for the years ended December 31, 2009, 2008
and 2007, respectively.
[2] Net of reclassification adjustment for gains/losses realized in net income of $(1,202), $(2,876), and $(192) for the years ended for the years ended
December 31, 2009, 2008 and 2007, respectively.
[3] Net of amortization adjustment of $49, $(16), and $(20) to net investment income for the years ended December 31, 2009, 2008 and 2007,
respectively.