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Segment Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information
3. 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.
Over 95% of the Company’s revenues are generated in the United States (“U.S.”). The remaining revenues are generated in Europe and other international locations.
We report our results of operations consistent with the manner in which our chief operating decision maker ("CODM") reviews the business to assess performance, make operating decisions and allocate resources. The Company’s reporting segments, as well as the Corporate category, are as follows:
Commercial Lines
Commercial Lines provides a variety of insurance products and risk management services in the U.S. and internationally, with insurance coverages including workers’ compensation, property, automobile, general liability, umbrella, package business, professional liability, bond, marine, livestock and assumed reinsurance.
Personal Lines
Personal Lines provides standard automobile, homeowners and personal umbrella coverages to individuals across the U.S., including a special program designed exclusively for members of AARP. This agreement provides an important competitive advantage given the size of the 50 plus population and the strength of the AARP brand, and is in place through December 31, 2032.
Property & Casualty Other Operations
Property & Casualty Other Operations includes certain property and casualty operations, managed by the Company, that have discontinued writing new business and includes substantially all of the Company’s asbestos and environmental exposures.
Group Benefits
Group Benefits provides employers and associations with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health.
Hartford Funds
Hartford Funds offers investment products for retail and retirement accounts and provides investment management, distribution and administrative services such as product design, implementation and oversight. This business also manages a portion of the mutual funds which support the variable annuity products within Talcott Resolution life and annuity separate accounts.
Corporate
The Company includes in the Corporate category reserves for run-off structured settlement and terminal funding agreement liabilities, restructuring costs, capital raising activities (including equity financing, debt financing and related interest expense), transaction expenses incurred in connection with an acquisition,
certain M&A costs, purchase accounting adjustments related to goodwill and other expenses not allocated to the reporting segments. Interest expense of $213, $234 and $236, on debt for the years ended December 31, 2022, 2021 and 2020, respectively, is included in the Corporate category for segment reporting. Corporate also includes investment management fees and expenses related to managing third party business, including management of a portion of the invested assets of Talcott Resolution Life, Inc. and its subsidiaries as well certain of Talcott's affiliates. In addition, up until June 30, 2021, Corporate included a 9.7% ownership interest in Hopmeadow Holdings LP, the legal entity that acquired Talcott Resolution in May 2018 (Hopmeadow Holdings, LP, Talcott Resolution Life Inc., and its subsidiaries are collectively referred to as "Talcott Resolution"). Refer to Note 5 - Investments for additional information.
Financial Measures and Other Segment Information
Certain transactions between segments occur during the year that primarily relate to tax settlements, insurance coverage, expense reimbursements, services provided, investment transfers and capital contributions. In addition, certain inter-segment transactions occur that relate to interest income on allocated surplus. Consolidated net income is unaffected by such transactions.
Revenues
 For the years ended December 31,
202220212020
Earned premiums and fee income:   
Commercial Lines
Workers’ compensation$3,499 $3,172 $3,034 
Liability1,836 1,622 1,401 
Marine235 228 251 
Package business1,844 1,665 1,540 
Property845 829 793 
Professional liability737 655 595 
Bond303 287 274 
Assumed reinsurance467 328 298 
Automobile844 789 754 
Total Commercial Lines10,610 9,575 8,940 
Personal Lines   
Automobile2,047 2,059 2,081 
Homeowners932 927 961 
Total Personal Lines [1]2,979 2,986 3,042 
Property & Casualty Other Operations— — — 
Group Benefits   
Group disability3,310 2,983 2,832 
Group life2,393 2,388 2,434 
Other354 316 270 
Total Group Benefits6,057 5,687 5,536 
Hartford Funds
Mutual fund and ETF964 1,094 903 
Talcott Resolution life and annuity separate accounts [2]80 95 86 
Total Hartford Funds1,044 1,189 989 
Corporate49 50 58 
Total earned premiums and fee income20,739 19,487 18,565 
Total net investment income2,177 2,313 1,846 
Net realized gains (losses)(627)509 (14)
Other revenues73 81 126 
Total revenues$22,362 $22,390 $20,523 
[1]For 2022, 2021 and 2020, AARP members accounted for earned premiums of $2.7 billion, $2.7 billion and $2.8 billion, respectively.
[2]Represents revenues earned for investment advisory services on the life and annuity separate account assets under management ("AUM") sold in May 2018 that is still managed by the Company's Hartford Funds segment.

Net Income (Loss)
For the years ended December 31,
202220212020
Commercial Lines$1,624 $1,757 $856 
Personal Lines91 385 718 
Property & Casualty Other Operations(190)(95)(168)
Group Benefits324 249 383 
Hartford Funds162 217 170 
Corporate(196)(148)(222)
Net income1,815 2,365 1,737 
Preferred stock dividends21 21 21 
Net income available to common stockholders$1,794 $2,344 $1,716 
Net Investment Income
For the years ended December 31,
202220212020
Commercial Lines$1,415 $1,502 $1,160 
Personal Lines140 157 157 
Property & Casualty Other Operations63 75 55 
Group Benefits524 550 448 
Hartford Funds
Corporate26 24 22 
Net investment income$2,177 $2,313 $1,846 
Amortization of DAC
For the years ended December 31,
202220212020
Commercial Lines$1,563 $1,398 $1,397 
Personal Lines228 230 244 
Group Benefits33 40 50 
Hartford Funds11 12 14 
Corporate— — 
Total amortization of DAC$1,835 $1,680 $1,706 
Amortization of Other Intangible Assets
For the years ended December 31,
202220212020
Commercial Lines$29 $29 $28 
Personal Lines
Group Benefits40 40 40 
Total amortization of other intangible assets$71 $71 $72 
Income Tax Expense (Benefit)
For the years ended December 31,
202220212020
Commercial Lines$426 $402 $176 
Personal Lines22 95 184 
Property & Casualty Other Operations(52)(28)(46)
Group Benefits75 53 88 
Hartford Funds41 56 44 
Corporate(69)(47)(63)
 Total income tax expense$443 $531 $383 

Assets
 As of December 31,
20222021
Commercial Lines$47,234 $48,234 
Personal Lines5,130 5,587 
Property & Casualty Other Operations3,897 3,792 
Group Benefits13,291 14,442 
Hartford Funds635 720 
Corporate 2,835 3,803 
Total assets$73,022 $76,578 

Non-Insurance Revenue from Contracts with Customers
For the years ended December 31,
Revenue Line Item202220212020
Commercial Lines
Installment billing feesFee income$39 $34 $30 
Personal Lines
Installment billing feesFee income30 32 34 
Insurance servicing revenuesOther revenues73 80 81 
Group Benefits
Administrative servicesFee income187 183 175 
Hartford Funds
Advisor, distribution and other management feesFee income1,044 1,189 989 
Corporate
Investment management and other feesFee income49 50 49 
OtherOther revenues
Total non-insurance revenues with customers$1,423 $1,569 $1,360