The Hartford 2013 Annual Report Download - page 245

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,
2013
Allowance for doubtful accounts and other $ 117 $ 56 $ — $ (48) $ 125
Allowance for uncollectible reinsurance 268 (1) 2 (25) 244
Valuation allowance on mortgage loans 68 2 — (3) 67
Valuation allowance for deferred taxes 58 (2) — (52) 4
2012
Allowance for doubtful accounts and other $ 119 $ 44 $ — $ (46) $ 117
Allowance for uncollectible reinsurance 290 10 — (32) 268
Valuation allowance on mortgage loans 102 (14) — (20) 68
Valuation allowance for deferred taxes 83 (25) — — 58
2011
Allowance for doubtful accounts and other $ 119 $ 45 $ — $ (45) $ 119
Allowance for uncollectible reinsurance 290 5 — (5) 290
Valuation allowance on mortgage loans 155 26 — (79) 102
Valuation allowance for deferred taxes 165 (82) — — 83
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE VI
SUPPLEMENTAL INFORMATION CONCERNING
PROPERTY AND CASUALTY INSURANCE OPERATIONS
(In millions)
Discount
Deducted
From
Liabilities
[1]
Losses and Loss
Adjustment
Expenses Incurred Related
to: Paid Losses and
Loss Adjustment
Expenses
Current
Year Prior Year
Years ended December 31,
2013 $ 553 $ 6,621 $ 192 $ 6,826
2012 $ 538 $ 7,274 $ (4) $ 7,098
2011 $ 542 $ 7,420 $ 367 $ 7,218
[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 3.5%, 4.0%, and 4.4% for 2013, 2012, and 2011, respectively.