XML 54 R14.htm IDEA: XBRL DOCUMENT
v3.19.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Segment Information | 4. SEGMENT INFORMATION The Company currently conducts business principally in five reporting segments including Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds, as well as a Corporate category. The Company includes in the Corporate category discontinued operations related to the life and annuity business sold in May 2018, reserves for run-off structured settlement and terminal funding agreement liabilities, capital raising activities (including debt financing and related interest expense), transaction expenses incurred in connection with an acquisition, certain purchase accounting adjustments related to goodwill and other expenses not allocated to the reporting segments. Corporate also includes investment management fees and expenses related to managing third party business, including management of the invested assets of Talcott Resolution Life, Inc. and its subsidiaries ("Talcott Resolution"). Talcott Resolution is the new holding company of the life and annuity business the Company sold in May 2018. In addition, Corporate includes a 9.7% ownership interest in the legal entity that acquired the sold life and annuity business. For further discussion of continued involvement in the life and annuity business sold in May 2018, see Note 17 - Business Disposition and Discontinued Operations of Notes to Condensed Consolidated Financial Statements. The Company's revenues are generated primarily in the United States ("U.S.") as well as in the United Kingdom, continental Europe and other international locations. Net Income
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2019 | 2018 |  | 2019 | 2018
Commercial Lines | $ | 191 |  | $ | 372 |  |  | $ | 554 |  | $ | 670 |
Personal Lines | 62 |  | 6 |  |  | 158 |  | 95 |
Property & Casualty Other Operations | 11 |  | 5 |  |  | 34 |  | 22 |
Group Benefits | 113 |  | 96 |  |  | 231 |  | 150 |
Hartford Funds | 38 |  | 37 |  |  | 68 |  | 71 |
Corporate | (43 | ) | 66 |  |  | (43 | ) | 171 |
Net income | 372 |  | 582 |  |  | 1,002 |  | 1,179 |
Preferred stock dividends | — |  | — |  |  | 5 |  | — |
Net income available to common stockholders | $ | 372 |  | $ | 582 |  |  | $ | 997 |  | $ | 1,179 |
Revenues
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2019 | 2018 |  | 2019 | 2018
Earned premiums and fee income: |  |  |  |  |
Commercial Lines |  |  |  |  |
Workers’ compensation | $ | 832 |  | $ | 832 |  |  | $ | 1,656 |  | $ | 1,650 |
Liability | 233 |  | 159 |  |  | 401 |  | 310 |
Marine | 27 |  | — |  |  | 27 |  | — |
Package business | 365 |  | 338 |  |  | 717 |  | 670 |
Property | 175 |  | 152 |  |  | 331 |  | 302 |
Professional liability | 98 |  | 63 |  |  | 166 |  | 125 |
Bond | 65 |  | 61 |  |  | 125 |  | 119 |
Assumed reinsurance | 29 |  | — |  |  | 29 |  | — |
Automobile | 172 |  | 148 |  |  | 330 |  | 297 |
Total Commercial Lines | 1,996 |  | 1,753 |  |  | 3,782 |  | 3,473 |
Personal Lines |  |  |  |  |  |  |  |  |
Automobile | 565 |  | 604 |  |  | 1,126 |  | 1,211 |
Homeowners | 246 |  | 262 |  |  | 493 |  | 524 |
Total Personal Lines [1] | 811 |  | 866 |  |  | 1,619 |  | 1,735 |
Group Benefits |  |  |  |  |  |  |  |  |
Group disability | 723 |  | 690 |  |  | 1,427 |  | 1,367 |
Group life | 638 |  | 652 |  |  | 1,281 |  | 1,316 |
Other | 61 |  | 59 |  |  | 123 |  | 119 |
Total Group Benefits | 1,422 |  | 1,401 |  |  | 2,831 |  | 2,802 |
Hartford Funds |  |  |  |  |  |  |  |  |
Mutual fund and Exchange-Traded Products ("ETP") | 227 |  | 236 |  |  | 443 |  | 468 |
Talcott Resolution life and annuity separate accounts [2] | 24 |  | 25 |  |  | 46 |  | 51 |
Total Hartford Funds | 251 |  | 261 |  |  | 489 |  | 519 |
Corporate | 12 |  | 4 |  |  | 25 |  | 6 |
Total earned premiums and fee income | 4,492 |  | 4,285 |  |  | 8,746 |  | 8,535 |
Net investment income | 488 |  | 428 |  |  | 958 |  | 879 |
Net realized capital gains | 80 |  | 52 |  |  | 243 |  | 22 |
Other revenues | 32 |  | 24 |  |  | 85 |  | 44 |
Total revenues | $ | 5,092 |  | $ | 4,789 |  |  | $ | 10,032 |  | $ | 9,480 |
[1] | For the three months ended June 30, 2019 and 2018, AARP members accounted for earned premiums of $726 and $758, respectively. For the six months ended June 30, 2019 and 2018, AARP members accounted for earned premiums of $1.4 billion and $1.5 billion, respectively.
[2] | Represents revenues earned for investment advisory services on the life and annuity separate account AUM sold in May 2018 that is still managed by the Company's Hartford Funds segment.
Revenue from Non-Insurance Contracts with Customers
|  | Three months ended June 30, |  | Six months ended June 30,
| Revenue Line Item | 2019 | 2018 |  | 2019 | 2018
Commercial Lines |  |  |  |  |  |  |  |
Installment billing fees | Fee income | $ | 9 |  | $ | 8 |  |  | $ | 18 |  | $ | 17 |
Personal Lines |  |  |  |  |  |  |  |  |  |
Installment billing fees | Fee income | 10 |  | 10 |  |  | 19 |  | 20 |
Insurance servicing revenues | Other revenues | 23 |  | 23 |  |  | 42 |  | 42 |
Group Benefits |  |  |  |  |  |  |  |  |  |
Administrative services | Fee income | 45 |  | 44 |  |  | 90 |  | 88 |
Hartford Funds |  |  |  |  |  |  |  |  |  |
Advisor, distribution and other management fees | Fee income | 228 |  | 239 |  |  | 446 |  | 477 |
Other fees | Fee income | 22 |  | 22 |  |  | 43 |  | 42 |
Corporate |  |  |  |  |  |  |  |  |  |
Investment management and other fees | Fee income | 11 |  | 4 |  |  | 24 |  | 6 |
Transition service revenues | Other revenues | 6 |  | 2 |  |  | 12 |  | 2 |
Total non-insurance revenues with customers |  | $ | 354 |  | $ | 352 |  |  | $ | 694 |  | $ | 694 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration