The Hartford 2010 Annual Report Download - page 142
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THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
F-14
3. Segment Information (continued)
Mutual Funds
Mutual Funds offers retail mutual funds, investment-only mutual funds and college savings plans under Section 529 of the Code
(collectively referred to as non-proprietary) and proprietary mutual fund supporting insurance products issued by The Hartford.
Corporate and Other
The Hartford includes in Corporate and Other the Company’ s debt financing and related interest expense, as well as other capital raising
activities; banking operations; certain fee income and commission expenses associated with sales of non-proprietary products by broker-
dealer subsidiaries; and certain purchase accounting adjustments and other charges not allocated to the segments. Also included in
Corporate and Other is the Company’ s management of certain property and casualty operations that have discontinued writing new
business and substantially all of the Company’ s asbestos and environmental exposures, collectively referred to as Other Operations.
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, security transfers and capital contributions. Also, one segment may purchase group annuity
contracts from another to fund pension costs and annuities to settle casualty claims. In addition, certain inter-segment transactions occur
that relate to interest income on allocated surplus. Consolidated net investment income is unaffected by such transactions.
The following table presents net income (loss) for each reporting segment, as well as the Corporate and Other category.
For the years ended December 31,
Net Income (Loss) 2010 2009 2008
Property & Casualty Commercial $ 995 $ 899 $ 133
Group Benefits 185 193 (6)
Consumer Markets 143 140 102
Global Annuity 404 (1,166) (2,287)
Life Insurance 262 39 (19)
Retirement Plans 47 (222) (157)
Mutual Funds 132 34 37
Corporate and Other (488) (804) (552)
Net income (loss) $ 1,680 $ (887) $(2,749)