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Schedule II Condensed Financial Information of the Hartford Financial Services, Inc.
 12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule II Condensed Financial Information of the Hartford Financial Services, Inc.
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
2017
2016
Assets
 
 
Fixed maturities, available-for-sale, at fair value
$
637

$
849

Other investments
(1
)
1

Short-term investments
442

321

Cash
2

—

Investment in affiliates [1]
19,023

21,889

Deferred income taxes
693

1,488

Unamortized issue costs
1

3

Other assets
11

35

Total assets
$
20,808

$
24,586

Liabilities and Stockholders’ Equity
 

 

Net payable to affiliates
$
1,598

$
1,503

Short-term debt (includes current maturities of long-term debt)
320

416

Long-term debt
4,678

4,494

Other liabilities
718

1,270

Total liabilities
7,314

7,683

Total stockholders’ equity
13,494

16,903

Total liabilities and stockholders’ equity
$
20,808

$
24,586

 
For the years ended December 31,
Condensed Statements of Operations and Comprehensive Income
2017
2016
2015
Net investment income
$
15

$
21

$
14

Net realized capital losses
(1
)
(6
)
(6
)
Total revenues
14

15

8

Interest expense
316

328

346

Pension settlement
750

—

—

Other expenses
1

9

35

Total expenses
1,067

337

381

Loss before income taxes and earnings of subsidiaries
(1,053
)
(322
)
(373
)
Income tax (benefit)
106

(117
)
(131
)
Loss before earnings of subsidiaries
(1,159
)
(205
)
(242
)
Earnings of subsidiaries [1]
(1,972
)
1,101

1,924

Net income (loss)
(3,131
)
896

1,682

Other comprehensive income (loss) - parent company:
 
 
 
Change in net gain/loss on cash-flow hedging instruments
2

—

—

Change in net unrealized gain/loss on securities
280

1

(1
)
Change in pension and other postretirement plan adjustments
107

(6
)
(82
)
Other comprehensive income (loss), net of taxes before other comprehensive income of subsidiaries
389

(5
)
(83
)
Other comprehensive income of subsidiaries
611

(3
)
(1,174
)
Total other comprehensive income (loss)
1,000

(8
)
(1,257
)
Total comprehensive income (loss)
$
(2,131
)
$
888

$
425

[1] Includes amounts for the life and annuity run-off business accounted for as held for sale and operating results for that business included in discontinued operations in the Consolidated Financial Statements. See Note 20 – Business Dispositions and Discontinued Operations of Notes to Consolidated Financial Statements.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF THE HARTFORD FINANCIAL SERVICES GROUP, INC. (continued)
(Registrant)
(In millions)
 
For the years ended December 31,
Condensed Statements of Cash Flows
2017
2016
2015
Operating Activities
 
 
 
Net income
$
(3,131
)
$
896

$
1,682

Loss on extinguishment of debt
—

—

21

Undistributed earnings of subsidiaries
1,972

(1,101
)
(1,924
)
Change in operating assets and liabilities
3,220

1,634

1,167

Cash provided by operating activities
2,061

1,429

946

Investing Activities
 
 
 
Net sales of short-term investments
(121
)
30

609

Capital contributions to subsidiaries
(633
)
491

742

Cash provided by (used for) investing activities
(754
)
521

1,351

Financing Activities
 
 
 
Proceeds from issuance of long-term debt
500

—

—

Repayments of long-term debt
(416
)
(275
)
(773
)
Treasury stock acquired
(1,028
)
(1,330
)
(1,250
)
Proceeds from net issuances of common shares under incentive and stock compensation plans and excess tax benefits
(20
)
(11
)
42

Dividends paid — Common Shares
(341
)
(334
)
(316
)
Cash used for financing activities
(1,305
)
(1,950
)
(2,297
)
Net change in cash
2

—

—

Cash — beginning of year
—

—

—

Cash — end of year
$
2

$
—

$
—

Supplemental Disclosure of Cash Flow Information
 
 
 
Interest Paid
$
312

$
326

$
351

Dividends Received from Subsidiaries
$
2,142

$
1,320

$
1,127