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NEWS RELEASE


The Hartford Reports First Quarter 2018 Income From Continuing Operations, After Tax, Of $428 Million ($1.18 Per Diluted Share) And Core Earnings Of $461 Million ($1.27 Per Diluted Share)

Income from continuing operations, after tax, of $428 million, or $1.18 per diluted share, rose from $303 million, or $0.80 per diluted share, in first quarter 2017 primarily due to stronger Commercial Lines and Personal Lines property and casualty (P&C) underwriting results, as well as higher consolidated net investment income and a lower U.S. corporate income tax rate

Core earnings* were $461 million, or $1.27 per diluted share, up from $288 million, or $0.76 per diluted share, in first quarter 2017 due to core earnings growth in the Commercial Lines, Personal Lines, Group Benefits and Mutual Funds segments

P&C combined ratio of 93.1 improved 4.3 points from first quarter 2017, including lower catastrophe losses and favorable prior accident year development (PYD); P&C underlying combined ratio* of 90.3 decreased 0.9 point from first quarter 2017, including better results in both Commercial Lines and Personal Lines

Book value per diluted share of $36.06 declined 3% from Dec. 31, 2017 primarily due to the impact of higher interest rates; book value per diluted share excluding accumulated other comprehensive income (AOCI)* was $36.71, up 4%


* Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures

HARTFORD, Conn., April 26, 2018 – The Hartford (NYSE: HIG) reported
first quarter 2018 income from continuing operations, after tax, of $428 million compared with $303 million in first quarter 2017. The $125 million increase was due to higher Commercial Lines and Personal Lines P&C underwriting results, including lower catastrophe losses and favorable PYD, and increased consolidated net investment income, partially offset by a net realized capital loss compared with a net realized capital gain in first quarter 2017. In addition, income tax expense declined despite an increase in income from continuing operations before income taxes due to the reduction in the U.S.

1

The following information was filed by Hartford Financial Services Group Incde (HIG) on Thursday, April 26, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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