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Schedule II Condensed Financial Information of the Hartford Financial Services, Inc.
 12 Months Ended
Dec. 31, 2022
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 Sheets20222021
Assets  
Fixed maturities, available-for-sale, at fair value (amortized cost of $126 and $174)
$120 $173 
Other investments— 12 
Short-term investments832 1,732 
Cash— — 
Investment in affiliates18,565 22,546 
Deferred income taxes395 430 
Unamortized issue costs2 3 
Other assets467 344 
Total assets$20,381 $25,240 
Liabilities  
Net payable to affiliates $1,863 $1,820 
Long-term debt4,357 4,944 
Other liabilities530 633 
Total liabilities6,750 7,397 
Stockholders’ Equity
Preferred stock$334 $334 
Common stock3 4 
Additional paid-in capital1,895 3,309 
Retained Earnings17,048 15,764 
Treasury Stock(1,773)(1,740)
Accumulated other comprehensive income (loss), net of tax(3,876)172 
Total stockholders’ equity13,631 17,843 
Total liabilities and stockholders’ equity$20,381 $25,240 
The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.
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 Income202220212020
Net investment income$13 $2 $9 
Net realized gains (losses)— (1)(2)
Total revenues13 1 7 
Interest expense213 234 236 
Loss on extinguishment of debt9 — — 
Other expense (income)(8)(2)(8)
Total expenses214 232 228 
Loss before income taxes and earnings of subsidiaries(201)(231)(221)
Income tax expense (benefit)(61)(51)(39)
Income (loss) before earnings of subsidiaries(140)(180)(182)
Earnings of subsidiaries1,955 2,545 1,919 
Net income1,815 2,365 1,737 
Other comprehensive income (loss) - parent company:
Change in net gain or loss on cash-flow hedging instruments45 24 (28)
Change in net unrealized gain or loss on fixed maturities(4)(1)(1)
Change in pension and other postretirement plan adjustments119 224 (36)
Other comprehensive income (loss), net of taxes before other comprehensive income of subsidiaries
160 247 (65)
Other comprehensive income (loss) of subsidiaries (4,208)(1,245)1,183 
Total other comprehensive income (loss)(4,048)(998)1,118 
Total comprehensive income$(2,233)$1,367 $2,855 

The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.
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 Flows202220212020
Operating Activities   
Net income $1,815 $2,365 $1,737 
Loss on extinguishment of debt9 — — 
Dividends received from subsidiaries1,780 1,277 995 
Equity in net income of subsidiaries(1,955)(2,545)(1,919)
Net realized losses (gains)— 1 2 
Change in operating assets and liabilities61 36 504 
Cash provided by operating activities1,710 1,134 1,319 
Investing Activities   
Net proceeds from (payments for) short-term investments899 (54)(802)
Proceeds from the sale/maturity/prepayment of:
   Fixed maturities, available-for-sale47 25 311 
   Equity securities, at fair value— — 124 
Payments for the purchase of:
   Fixed maturities, available-for-sale— (74)(128)
Equity securities, at fair value(5)— — 
Net payments for derivatives55 38 (57)
Capital returned from (contributions to) subsidiaries(6)530 386 
Cash provided by (used for) investing activities990 465 (166)
Financing Activities   
Proceeds from issuance of debt— 588 — 
Repayments of debt(600)— (500)
Treasury stock acquired(1,550)(1,702)(150)
Net issuance (return of) shares under incentive and stock compensation plans(19)25 (21)
Dividends paid on common shares(510)(489)(461)
Dividends paid on preferred shares(21)(21)(21)
Cash used for financing activities(2,700)(1,599)(1,153)
Net increase (decrease) in cash— — — 
Cash — beginning of period— — — 
Cash — end of period$— $— $— 
Supplemental Disclosure of Cash Flow Information   
Interest Paid$212 $214 $232 
The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.