The Hartford 2010 Annual Report Download - page 231
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S-7
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE V
VALUATION AND QUALIFYING ACCOUNTS
(In millions)
Balance
January 1,
Charged to
Costs and
Expenses
Translation
Adjustment
Write-offs/
Payments/
Other
Balance
December 31,
2010
Allowance for doubtful accounts and other $ 121 $ 53 $ — $ (55) $ 119
Allowance for uncollectible reinsurance 335 11 — (56) 290
Valuation allowance on mortgage loans 366 157 — (368) 155
Valuation allowance for deferred taxes 86 87 — — 173
2009
Allowance for doubtful accounts and other $ 125 $ 53 $ — $ (57) $ 121
Allowance for uncollectible reinsurance 379 11 — (55) 335
Valuation allowance on mortgage loans 26 408 — (68) 366
Valuation allowance for deferred taxes 75 11 — — 86
2008
Allowance for doubtful accounts and other $ 126 $ 53 $ — $ (54) $ 125
Allowance for uncollectible reinsurance 404 12 — (37) 379
Valuation allowance on mortgage loans — 26 — — 26
Valuation allowance for deferred taxes 43 32 — — 75
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE VI
SUPPLEMENTAL INFORMATION CONCERNING
PROPERTY AND CASUALTY INSURANCE OPERATIONS
(In millions)
Discount
Deducted From
Losses and Loss Adjustment
Expenses Incurred Related to:
Paid Losses and
Loss Adjustment
Liabilities [1] Current Year Prior Year Expenses
Years ended December 31,
2010 $ 524 $ 6,768 $ (196) $ 6,834
2009 $ 511 $ 6,596 $ (186) $ 6,547
2008 $ 488 $ 6,933 $ (226) $ 6,591
[1] Reserves for permanently disabled claimants and certain structured settlement contracts that fund loss run-offs have been discounted using the
weighted average interest rates of 4.8%, 5.0%, and 5.4% for2010, 2009, and 2008, respectively.