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Hartford Financial Services Group Incde (HIG) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Hartford Financial Services Group Incde

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CIK: 874766 Ticker: HIG



NEWS RELEASE

The Hartford Amends Third Quarter 2012 Financial Results

No change to 2012 core earnings* of $1.4 billion, statutory surplus, or previously announced capital management plan

Changes result in a 2012 net loss of $38 million and shareholders' equity of $22.4 billion at December 31, 2012

HARTFORD, Conn., March 1, 2013 - The Hartford today reported that it has filed an amended Form 10-Q with the U.S. Securities and Exchange Commission (SEC) to restate its results for the third quarter ended September 30, 2012. The amended filing corrects for an error in the company's preliminary calculation of the gain or loss relating to the Individual Life business transaction under U.S. generally accepted accounting principles (GAAP). The company is now reporting a full year 2012 net loss of $38 million and shareholders' equity of $22.4 billion at December 31, 2012, as compared with the previously reported 2012 net income of $350 million and shareholders' equity of $22.8 billion. The company's 2012 core earnings of $1.4 billion are unchanged.

“We regret the error, but importantly the adjustments have no impact on our reported 2012 core earnings, statutory results or surplus, and announced capital management plan,” said The Hartford's Chairman, President and Chief Executive Officer Liam E. McGee. “The Individual Life, Retirement Plans and Woodbury Financial Services transactions were attractive for The Hartford and completed on favorable financial terms. They generated an aggregate statutory capital benefit of $2.2 billion and this remains unchanged.”

In September 2012, The Hartford estimated that the Individual Life transaction would not generate a material gain or loss under GAAP. Following the identification of the error, the company estimates that the transaction will result in a GAAP loss of $393 million, after tax. This estimate is subject to change pending the final determination of net assets sold, transaction costs and other adjustments. The error resulted from the omission of the impact of certain reinsurance recoverable balances on the gain/loss calculations for the transaction.

*Denotes financial measure not calculated based on generally accepted accounting principles (“non-GAAP”)




The following information was filed by Hartford Financial Services Group Incde (HIG) on Friday, March 1, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule I Summary Of Investments - Other Than Investments In Affiliates
Schedule I Summary Of Investments - Other Than Investments In Affiliates (details)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services Group, Inc. (balance Sheets) (details)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services Group, Inc. (cash Flow Disclosures) (details)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services Group, Inc. (registrant)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services Group, Inc. (statements Of Operations) (details)
Schedule Iii Supplementary Insurance Information Supplementary Insurance Information
Schedule Iii Supplementary Insurance Information Supplementary Insurance Information (details)
Schedule V Valuation And Qualifying Accounts
Schedule V Valuation And Qualifying Accounts (details)
Schedule Vi Supplemental Information Concerning Property And Casualty Insurance Operations
Schedule Vi Supplemental Information Concerning Property And Casualty Insurance Operations (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows Parenthetical (details)
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations Parenthetical (details)
Accumulated Other Comprehensive Income (loss), Net Of Tax
Accumulated Other Comprehensive Income (loss), Net Of Tax (details Textual)
Accumulated Other Comprehensive Income (loss), Net Of Tax (details)
Accumulated Other Comprehensive Income (loss), Net Of Tax (tables)
Basis Of Presentation And Accounting Policies
Basis Of Presentation And Accounting Policies (change In Non-credit Impairments Recognized In Oci) (details)
Basis Of Presentation And Accounting Policies (details Textual)
Basis Of Presentation And Accounting Policies (details)
Basis Of Presentation And Accounting Policies (policies)
Basis Of Presentation And Accounting Policies (tables)
Business Dispositions
Business Dispositions (invested Assets Transferred) (details)
Business Dispositions (sale Of Retirement Plans And Individual Life) (details)
Business Dispositions (tables)
Commitments And Contingencies
Commitments And Contingencies (details Textual)
Commitments And Contingencies (details)
Commitments And Contingencies Commitments And Contingencies (tables)
Debt
Debt (balances Outstanding) (details)
Debt (debt By Issuance) (details)
Debt (details Textual)
Debt (interest Expense) (details)
Debt (maturities) (details)
Debt (tables)
Deferred Policy Acquisition Costs And Present Value Of Future Profits
Deferred Policy Acquisition Costs And Present Value Of Future Profits (changes In Deferred Policy Acquisition Costs And Present Value Of Future Profits) (details)
Deferred Policy Acquisition Costs And Present Value Of Future Profits (details Textual)
Deferred Policy Acquisition Costs And Present Value Of Future Profits (tables)
Discontinued Operations
Discontinued Operations (details Textual)
Discontinued Operations (details)
Discontinued Operations (tables)
Earnings (loss) Per Share
Earnings (loss) Per Share (details)
Earnings (loss) Per Share (tables)
Earnings (loss) Per Share Earnings (loss) Per Share (antidilutive Securities) (details)
Earnings (loss) Per Share Earnings (loss) Per Share (warrants) (details)
Employee Benefit Plans
Employee Benefit Plans (accumulated Benefit Obligation) (details)
Employee Benefit Plans (accumulated Other Comprehensive Income (loss)) (details)
Employee Benefit Plans (balance Sheet Recognition) (details)
Employee Benefit Plans (benefit Obligations) (details)
Employee Benefit Plans (benefit Payments) (details)
Employee Benefit Plans (cash Flows) (details)
Employee Benefit Plans (change In Plan Assets) (details)
Employee Benefit Plans (changes In Benefit Obligation) (details)
Employee Benefit Plans (components Of Net Periodic Benefit Cost) (details)
Employee Benefit Plans (details Textual)
Employee Benefit Plans (fair Value Observable And Unobservable Inputs) (details)
Employee Benefit Plans (fair Value Pension Plan Assets) (details)
Employee Benefit Plans (health Care Cost Trend) (details)
Employee Benefit Plans (medicare Part D Subsidy) (details)
Employee Benefit Plans (net Periodic Benefit Cost In Other Comprehensive Income (loss)) (details)
Employee Benefit Plans (net Periodic Benefit Cost) (details)
Employee Benefit Plans (other Postretirement Plan Assets By Asset Category) (details)
Employee Benefit Plans (tables)
Employee Benefit Plans (target Allocation) (details)
Employee Benefit Plans (weighted Average Asset Allocation) (details)
Equity
Equity (allianz Se Warrants) (details)
Equity (dividends From Insurance Subsidiaries) (details)
Equity (issuance Of Common Stock And Series F Preferred Stock) (details)
Equity (statutory Net Income (loss) And Statutory Surplus) (details)
Equity (stock Repurchase Program) (details)
Equity (tables)
Equity (the Company's Participation In The Capital Purchase Program) (details)
Fair Value Measurements
Fair Value Measurements (assets Measured At Fair Values) (details)
Fair Value Measurements (details)
Fair Value Measurements (fair Value Options Included) (details)
Fair Value Measurements (fair Value Options Reported) (details)
Fair Value Measurements (financial Instruments Not Carried At Fair Value) (details)
Fair Value Measurements (fixed Maturities) (details)
Fair Value Measurements (freestanding Derivatives) (details)
Fair Value Measurements (funds And Benefits Payable) (details)
Fair Value Measurements (margins) (details)
Fair Value Measurements (reinsurance) (details)
Fair Value Measurements (tables)
Fair Value Measurements (textual 1) (details)
Fair Value Measurements (textual) (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (other Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets (textual) (details)
Income Taxes
Income Taxes (deferred Tax Assets (liabilities)) (details)
Income Taxes (details Textual)
Income Taxes (provision (benefit)) (details)
Income Taxes (reconciliation Of Tax Provision) (details)
Income Taxes (tables)
Investments And Derivative Instruments
Investments And Derivative Instruments (available-for-sale Securities) (details)
Investments And Derivative Instruments (carry Value Of Commercial Mortgage Loans) (details)
Investments And Derivative Instruments (cash Flow Hedges) (details)
Investments And Derivative Instruments (collateral Arrangements) (details)
Investments And Derivative Instruments (credit Risk Through Credit Derivatives) (details)
Investments And Derivative Instruments (derivative Balance Sheet Classification) (details)
Investments And Derivative Instruments (fair Value Hedges) (details)
Investments And Derivative Instruments (fixed Maturities) (details)
Investments And Derivative Instruments (international Hedging Instruments) (details)
Investments And Derivative Instruments (maximum Exposure To Vies) (details)
Investments And Derivative Instruments (mortgage Loans By Property Type) (details)
Investments And Derivative Instruments (mortgage Loans By Region) (details)
Investments And Derivative Instruments (mortgage Loans) (details)
Investments And Derivative Instruments (net Investment Income (loss)) (details)
Investments And Derivative Instruments (net Realized Capital Gains (losses)) (details)
Investments And Derivative Instruments (non-qualifying Strategies) (details)
Investments And Derivative Instruments (other-than-temporary Impairment Losses) (details)
Investments And Derivative Instruments (sales Of Available-for-sale Securities) (details)
Investments And Derivative Instruments (security Unrealized Loss Aging) (details)
Investments And Derivative Instruments (tables)
Investments And Derivative Instruments (us Hedging Instruments) (details)
Investments And Derivative Instruments (valuation Allowance Mortgage Loans) (details)
Investments And Derivative Instruments Investment And Derivative Instruments (textuals) (details)
Quarterly Results (unaudited) (details)
Quarterly Results (unaudited) (tables)
Reinsurance
Reinsurance (details Textual)
Reinsurance (details)
Reinsurance (tables)
Reserves For Future Policy Benefits And Unpaid Losses And Loss Adjustment Expenses
Reserves For Future Policy Benefits And Unpaid Losses And Loss Adjustment Expenses ((favorable) Unfavorable Prior Accident Years) (details)
Reserves For Future Policy Benefits And Unpaid Losses And Loss Adjustment Expenses (details Textual)
Reserves For Future Policy Benefits And Unpaid Losses And Loss Adjustment Expenses (liability For Future Policy Benefits) (details)
Reserves For Future Policy Benefits And Unpaid Losses And Loss Adjustment Expenses (tables)
Reserves For Future Policy Benefits And Unpaid Losses And Loss Adjustment Expenses (unpaid Losses And Loss Adjustment Expenses) (details)
Restructuring, Severance And Other Costs
Restructuring, Severance And Other Costs (accrued Restructuring Liability) (details)
Restructuring, Severance And Other Costs (details Textual)
Restructuring, Severance And Other Costs (details)
Restructuring, Severance And Other Costs (operations For Reporting Segment) (details)
Restructuring, Severance And Other Costs (tables)
Sales Inducements
Sales Inducements (details)
Sales Inducements (tables)
Schedule Iv Reinsurance
Schedule Iv Reinsurance (details)
Segment Information
Segment Information (amortization Of Deferred Policy Acquisition Costs And Present Value Of Future Profits) (details 3)
Segment Information (assets) (details)
Segment Information (details Textual)
Segment Information (geographical Revenue Information) (details)
Segment Information (income Tax Expense (benefit) (details)
Segment Information (net Income (loss) By Segment) (details)
Segment Information (revenues By Product Line) (details)
Segment Information Segment Information (tables)
Separate Accounts, Death Benefits And Other Insurance Benefit Features
Separate Accounts, Death Benefits And Other Insurance Benefit Features (account Balances Of Contracts) (details)
Separate Accounts, Death Benefits And Other Insurance Benefit Features (changes In Gross Liabilities And Assets) (details)
Separate Accounts, Death Benefits And Other Insurance Benefit Features (details Textual)
Separate Accounts, Death Benefits And Other Insurance Benefit Features (individual Variable And Group Annuity Account Value) (details)
Separate Accounts, Death Benefits And Other Insurance Benefit Features (tables)
Stock Compensation Plans
Stock Compensation Plans (details Textual)
Stock Compensation Plans (non-qualified Stock Options) (details)
Stock Compensation Plans (non-vested Share Awards) (details)
Stock Compensation Plans (risk Free Rate) (details)
Stock Compensation Plans (stock Compensation Plans) (details)
Stock Compensation Plans (tables)
Ticker: HIG
CIK: 874766
Form Type: 10-K Annual Report
Accession Number: 0000874766-13-000021
Submitted to the SEC: Fri Mar 01 2013 4:26:44 PM EST
Accepted by the SEC: Fri Mar 01 2013
Period: Monday, December 31, 2012
Industry: Fire Marine And Casualty Insurance

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