The Hartford 2015 Annual Report Download - page 189

Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
6. Investments and Derivative Instruments (continued)
F-58
As of December 31, 2014
(i) (ii) (iii) = (i) - (ii) (iv) (v) = (iii) - (iv)
Net Amounts Presented in the
Statement of Financial Position
Collateral
Disallowed for
Offset in the
Statement of
Financial Position
Gross
Amounts of
Recognized
Assets
Gross Amounts
Offset in the
Statement of
Financial Position Derivative Assets [1]
Accrued
Interest and
Cash Collateral
Received [2] Financial Collateral Received [4] Net Amount
Description
Other investments $ 1,175 $ 969 $ 364 $ (158) $ 109 $ 97
Gross
Amounts of
Recognized
Liabilities
Gross Amounts
Offset in the
Statement of
Financial Position Derivative Liabilities [3]
Accrued
Interest and
Cash Collateral
Pledged [3] Financial Collateral Pledged [4] Net Amount
Description
Other liabilities $ (1,741) $ (799) $ (927) $ (15) $ (1,079) $ 137
[1] Included in other investments in the Company's Consolidated Balance Sheets.
[2] Included in other assets in the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each
counterparty.
[3] Included in other liabilities in the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each
counterparty.
[4] Excludes collateral associated with exchange-traded derivatives instruments.
Cash Flow Hedges
For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative
is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects
earnings. Gains and losses on the derivative representing hedge ineffectiveness are recognized in current period earnings. All components of
each derivative’s gain or loss were included in the assessment of hedge effectiveness.
The following table presents the components of the gain or loss on derivatives that qualify as cash flow hedges:
Derivatives in Cash Flow Hedging Relationships
Gain (Loss) Recognized in OCI on
Derivative (Effective Portion)
Net Realized Capital Gains(Losses)
Recognized in Income on Derivative
(Ineffective Portion)
2015 2014 2013 2015 2014 2013
Interest rate swaps $ 28 $ 150 $ (315) $ — $ 2 $ (3)
Foreign currency swaps — (10) 12 — — —
Total $ 28 $ 140 $ (303) $ — $ 2 $ (3)
Derivatives in Cash Flow Hedging Relationships
Gain (Loss) Reclassified from AOCI into
Income (Effective Portion)
Location 2015 2014 2013
Interest rate swaps Net realized capital gain/(loss) $ 4 $ (1) $ 91
Interest rate swaps Net investment income 64 87 97
Foreign currency swaps Net realized capital gain/(loss) (9)(13) 4
Total $ 59 $ 73 $ 192