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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

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- 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

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