The Hartford 2013 Annual Report Download - page 209

F-73
Life Insurance Products Unpaid Losses and Loss Adjustment Expenses
A rollforward of liabilities for group life, disability and accident, for unpaid losses and loss adjustment expenses follows:
For the years ended December 31,
2013 2012 2011
Beginning liabilities for unpaid losses and loss adjustment expenses, gross $ 6,547 $ 6,547 $ 6,388
Reinsurance recoverables 252 233 209
Beginning liabilities for unpaid losses and loss adjustment expenses, net 6,295 6,314 6,179
Add provision for unpaid losses and loss adjustment expenses
Current year 2,534 2,989 3,196
Prior years (17) 52 98
Total provision for unpaid losses and loss adjustment expenses 2,517 3,041 3,294
Less payments
Current year 1,207 1,460 1,524
Prior years 1,564 1,600 1,635
Total payments 2,771 3,060 3,159
Ending liabilities for unpaid losses and loss adjustment expenses, net 6,041 6,295 6,314
Reinsurance recoverables 267 252 233
Ending liabilities for unpaid losses and loss adjustment expenses, gross $ 6,308 $ 6,547 $ 6,547
The liability for unpaid losses and loss adjustment expenses for group life, disability and accident contracts was discounted to present
value using rates based on the Company’s earned investment yield estimated at the time the claims are incurred.
The decrease in the provision for unpaid losses and loss adjustment expenses is due to favorable claim recoveries, particularly on the long-
term disability product.
The liability for future policy benefits and unpaid losses and loss adjustment expenses is as follows:
2013 2012
Group life term, disability and accident unpaid losses and loss adjustment expenses $ 6,308 $ 6,547
Group life other unpaid losses and loss adjustment expenses 206 206
Individual life unpaid losses and loss adjustment expenses 167 173
Future policy benefits 12,988 12,350
Future policy benefits and unpaid losses and loss adjustment expenses $ 19,669 $ 19,276
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
12. Reserves for Future Policy Benefits and Unpaid Losses and Loss Adjustment Expenses (continued)