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Schedule II Condensed Financial Information of the Hartford Financial Services, Inc. | 12 Months Ended
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Dec. 31, 2019
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 | 2019 | 2018
Assets |  |
Fixed maturities, available-for-sale, at fair value | $ | 294 |  | $ | 785 |
Equity securities, at fair value | 31 |  | 30 |
Other investments | 159 |  | 103 |
Short-term investments | 874 |  | 2,603 |
Cash | — |  | 3 |
Investment in affiliates | 21,243 |  | 15,074 |
Deferred income taxes | 561 |  | 992 |
Unamortized issue costs | 2 |  | 3 |
Other assets | 71 |  | 78 |
Total assets | $ | 23,235 |  | $ | 19,671 |
Liabilities and Stockholders’ Equity |  |  |  |
Net payable to affiliates | $ | 1,602 |  | $ | 1,530 |
Short-term debt (includes current maturities of long-term debt) | 500 |  | 413 |
Long-term debt | 4,348 |  | 4,265 |
Other liabilities | 515 |  | 362 |
Total liabilities | 6,965 |  | 6,570 |
Total stockholders’ equity | 16,270 |  | 13,101 |
Total liabilities and stockholders’ equity | $ | 23,235 |  | $ | 19,671 |
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 | 2019 | 2018 | 2017
Net investment income | $ | 50 |  | $ | 41 |  | $ | 15 |
Net realized capital gains (losses) | 3 |  | 37 |  | (1 | )
Total revenues | 53 |  | 78 |  | 14 |
Interest expense | 255 |  | 298 |  | 316 |
Loss on extinguishment of debt | 68 |  | 6 |  | — |
Pension settlement | — |  | — |  | 750 |
Other expense (income) | 15 |  | (6 | ) | 1 |
Total expenses | 338 |  | 298 |  | 1,067 |
Loss before income taxes and earnings of subsidiaries | (285 | ) | (220 | ) | (1,053 | )
Income tax expense (benefit) | (60 | ) | (630 | ) | 106 |
Income (loss) before earnings of subsidiaries | (225 | ) | 410 |  | (1,159 | )
Earnings (losses) of subsidiaries [1] | 2,310 |  | 1,397 |  | (1,972 | )
Net income (loss) | 2,085 |  | 1,807 |  | (3,131 | )
Other comprehensive income (loss) - parent company: |  |  |
Change in net gain or loss on cash-flow hedging instruments | (24 | ) | 8 |  | 2 |
Change in net unrealized gain or loss on securities | 5 |  | (271 | ) | 280 |
Change in pension and other postretirement plan adjustments | (35 | ) | (26 | ) | 107 |
Other comprehensive income (loss), net of taxes before other comprehensive income of subsidiaries | (54 | ) | (289 | ) | 389 |
Other comprehensive income (loss) of subsidiaries | 1,685 |  | (1,948 | ) | 611 |
Total other comprehensive income (loss) | 1,631 |  | (2,237 | ) | 1,000 |
Total comprehensive income (loss) | $ | 3,716 |  | $ | (430 | ) | $ | (2,131 | )
[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 21 – 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 | 2019 | 2018 | 2017
Operating Activities |  |  |
Net income (loss) | $ | 2,085 |  | $ | 1,807 |  | $ | (3,131 | )
Loss on extinguishment of debt | 68 |  | 6 |  | — |
Dividends received from subsidiaries | 18 |  | 3,115 |  | 2,142 |
Equity in net loss (income) of subsidiaries | (2,310 | ) | (1,397 | ) | 1,972 |
Net realized capital losses (gains) | 3 |  | (37 | ) | 2 |
Change in operating assets and liabilities | 640 |  | (716 | ) | 1,076 |
Cash provided by operating activities | 504 |  | 2,778 |  | 2,061 |
Investing Activities |  |  |
Net proceeds from (payments for) short-term investments | 1,731 |  | (2,161 | ) | (121 | )
Proceeds from the sale/maturity/prepayment of: |  |  |
Fixed maturities, available-for-sale | 478 |  | — |  | — |
Net proceeds from (payments for) derivatives | (33 | ) | — |  | — |
Net additions to property and equipment | — |  | (69 | ) | — |
Amount paid for business acquired | (2,098 | ) | — |  | — |
Capital contributions to subsidiaries | (20 | ) | (148 | ) | (633 | )
Cash provided by (used for) investing activities | 58 |  | (2,378 | ) | (754 | )
Financing Activities |  |  |
Proceeds from issuance of debt | 1,376 |  | 490 |  | 500 |
Repayments of debt | (1,278 | ) | (826 | ) | (416 | )
Preferred stock issued, net of issuance costs | — |  | 334 |  | — |
Treasury stock acquired | (200 | ) | — |  | (1,028 | )
Net issuance (return of) shares under incentive and stock compensation plans | (6 | ) | (18 | ) | (20 | )
Dividends paid on common shares | (436 | ) | (379 | ) | (341 | )
Dividends paid on preferred shares | (21 | ) | — |  | — |
Cash used for financing activities | (565 | ) | (399 | ) | (1,305 | )
Net increase (decrease) in cash | (3 | ) | 1 |  | 2 |
Cash — beginning of period | 3 |  | 2 |  | — |
Cash — end of period | $ | — |  | $ | 3 |  | $ | 2 |
Supplemental Disclosure of Cash Flow Information |  |  |
Interest Paid | $ | 255 |  | $ | 290 |  | $ | 312 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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