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Schedule II Condensed Financial Information of the Hartford Financial Services, Inc.
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information 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
2018
2017
Assets
 
 
Fixed maturities, available-for-sale, at fair value
$
785

$
637

Equity securities, at fair value
30

—

Other investments
103

(1
)
Short-term investments
2,603

442

Cash
3

2

Investment in affiliates [1]
15,074

19,023

Deferred income taxes
992

693

Unamortized issue costs
3

1

Other assets
78

11

Total assets
$
19,671

$
20,808

Liabilities and Stockholders’ Equity
 

 

Net payable to affiliates
$
1,530

$
1,598

Short-term debt (includes current maturities of long-term debt)
413

320

Long-term debt
4,265

4,678

Other liabilities
362

718

Total liabilities
6,570

7,314

Total stockholders’ equity
13,101

13,494

Total liabilities and stockholders’ equity
$
19,671

$
20,808

[1]2017 includes amounts for the life and annuity 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 Operations and Comprehensive Income
2018
2017
2016
Net investment income
$
41

$
15

$
21

Net realized capital gains (losses)
37

(1
)
(6
)
Total revenues
78

14

15

Interest expense
298

316

328

Loss on extinguishment of debt
6

—

—

Pension settlement
—

750

—

Other expense (income)
(6
)
1

9

Total expenses
298

1,067

337

Loss before income taxes and earnings of subsidiaries
(220
)
(1,053
)
(322
)
Income tax expense (benefit)
(630
)
106

(117
)
Income (loss) before earnings of subsidiaries
410

(1,159
)
(205
)
Earnings (losses) of subsidiaries [1]
1,397

(1,972
)
1,101

Net income (loss)
1,807

(3,131
)
896

Other comprehensive income (loss) - parent company:
 
 
 
Change in net gain/loss on cash-flow hedging instruments
8

2

—

Change in net unrealized gain/loss on securities
(271
)
280

1

Change in pension and other postretirement plan adjustments
(26
)
107

(6
)
Other comprehensive income (loss), net of taxes before other comprehensive income of subsidiaries
(289
)
389

(5
)
Other comprehensive income (loss) of subsidiaries
(1,948
)
611

(3
)
Total other comprehensive income (loss)
(2,237
)
1,000

(8
)
Total comprehensive income (loss)
$
(430
)
$
(2,131
)
$
888

[1]2017 and 2016 include amounts for the life and annuity 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
2018
2017
2016
Operating Activities
 
 
 
Net income (loss)
$
1,807

$
(3,131
)
$
896

Loss on extinguishment of debt
6

—

—

Equity in net loss (income) of subsidiaries
(1,397
)
1,972

(1,101
)
Change in operating assets and liabilities
2,362

3,220

1,634

Cash provided by operating activities
2,778

2,061

1,429

Investing Activities
 
 
 
Net proceeds from (payments for) short-term investments
(2,161
)
(121
)
30

Net additions to property and equipment
(69
)
—

—

Capital returned from (contributions to) subsidiaries
(148
)
(633
)
491

Cash provided by (used for) investing activities
(2,378
)
(754
)
521

Financing Activities
 
 
 
Proceeds from issuance of debt
490

500

—

Repayments of debt
(826
)
(416
)
(275
)
Preferred stock issued, net of issuance costs
334

—

—

Treasury stock acquired
—

(1,028
)
(1,330
)
Net issuance (return of) shares under incentive and stock compensation plans
(18
)
(20
)
(11
)
Dividends paid on common shares
(379
)
(341
)
(334
)
Cash used for financing activities
(399
)
(1,305
)
(1,950
)
Net increase in cash
1

2

—

Cash — beginning of period
2

—

—

Cash — end of period
$
3

$
2

$
—

Supplemental Disclosure of Cash Flow Information
 
 
 
Interest Paid
$
290

$
312

$
326

Dividends Received from Subsidiaries
$
3,115

$
2,142

$
1,320