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NEWS RELEASE


The Hartford Reports Third Quarter 2018 Income From Continuing Operations, After Tax, Of $1.17 Per Diluted Share And Core Earnings Of $1.15 Per Diluted Share

Income from continuing operations, after tax, totaled $427 million compared with third quarter 2017 income from continuing operations, after tax, of $145 million ($0.40 per diluted share)

Core earnings* were $418 million, up from $130 million ($0.35 per diluted share*) in third quarter 2017, due to higher income from the Commercial Lines, Personal Lines, Group Benefits and Mutual Funds segments, including the favorable impact of a lower U.S. corporate tax rate, and a lower Corporate core loss

Property and casualty (P&C) combined ratio of 97.3 decreased 9.8 points from third quarter 2017 due to lower current accident year catastrophe losses, higher favorable prior year development (PYD) and a better underlying combined ratio*; P&C underlying combined ratio of 93.2 improved 0.7 point from third quarter 2017 due to stronger Personal Lines margins

Group Benefits net income of $77 million and core earnings of $102 million rose 8% and 55%, respectively, from third quarter 2017 due to premium growth and increased net investment income, both in large part due to the fourth quarter 2017 acquisition, and a lower effective tax rate

Book value per diluted share of $34.95 declined 6% from Dec. 31, 2017 due to lower net unrealized capital gains from higher interest rates and the impact of the removal of accumulated other comprehensive income (AOCI) related to the sale of Talcott Resolution; book value per diluted share (excluding AOCI)* was $39.12, up 11% due to net income in excess of common stock dividends

* 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., October 25, 2018 – The Hartford (NYSE: HIG) reported
third quarter 2018 income from continuing operations, after tax, of $427 million compared with $145 million in third quarter 2017. The $282 million increase was due to higher Commercial Lines, Personal Lines, Group Benefits and Mutual Funds income, including the benefit of a lower U.S. corporate tax rate, and a

1

The following information was filed by Hartford Financial Services Group Incde (HIG) on Thursday, October 25, 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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