The Hartford 2010 Annual Report Download - page 226

S-2
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(Registrant)
(In millions)
As of December 31,
Condensed Balance Sheets 2010 2009
Assets
Fixed maturities, available-for-sale, at fair value $ 251 $ 309
Other investments 31 36
Short-term investments 1,762 1,936
Investment in affiliates 25,227 21,642
Deferred income taxes 885 755
Unamortized Issue Costs 55 51
Other assets 22 368
Total assets $ 28,233 $ 25,097
Liabilities and Stockholders’ Equity
Net payable to affiliates $ 430 $ 366
Short-term debt (includes current maturities of long-term debt) 400 275
Long-term debt 5,961 5,250
Other liabilities 1,131 1,341
Total liabilities 7,922 7,232
Total stockholders’ equity 20,311 17,865
Total liabilities and stockholders’ equity $ 28,233 $ 25,097
For the years ended December 31,
Condensed Statements of Operations 2010 2009 2008
Net investment income $ 5 $ 8 $ 30
Net realized capital gains (losses) (5) (231) 103
Total revenues — (223) 133
Interest expense 489 457 323
Other expenses 11 8 (3)
Total expenses 500 465 320
Loss before income taxes and earnings (losses) of subsidiaries (500) (688) (187)
Income tax benefit (170) (157) (102)
Loss before earnings (losses)of subsidiaries (330) (531) (85)
Earnings (losses) of subsidiaries 2,010 (356) (2,664)
Net income (loss) $ 1,680 $ (887) $ (2,749)
The condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto.