Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

2. Segment Information

The Company is organized into four reporting segments: Global Annuity, Life Insurance, Retirement Plans, and Mutual Funds. In addition, the Company includes in an Other category corporate items not directly allocated to any of its reporting segments, intersegment eliminations, direct and assumed guaranteed minimum income benefit (“GMIB”), guaranteed minimum death benefit (“GMDB”), guaranteed minimum accumulation benefit (“GMAB”) and guaranteed minimum withdrawal benefit (“GMWB”) reserves which are subsequently ceded to an affiliated captive reinsurer, and certain group benefit products, including group life and group disability insurance that is directly written by the Company and for which nearly half is ceded to its parent, Hartford Life and Accident Insurance Company (“HLA”).

Global Annuity

Global Annuity offers variable, fixed market value adjusted (“MVA”) annuities, structured settlements, single premium immediate annuities, longevity assurance to individuals as well as customized investment, insurance, and income solutions to select markets of institutional investors. Products offered to institutional investors (“IIP”) include mutual funds, stable value contracts, institutional annuities (primarily terminal funding cases) and mutual funds owned by institutional investors.

Life Insurance

Life Insurance sells a variety of life insurance products, including variable universal life, universal life, interest sensitive whole life, term life, and private placement life insurance (“PPLI”) owned by corporations and high net worth individuals.

Retirement Plans

Retirement Plans provides products and services to corporations pursuant to Section 401(k) and products and services to municipalities and not-for-profit organizations under Section 457 and 403(b) of the IRS Code of 1986 as amended (“the Code”).

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 the insurance products issued by The Hartford.

The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies in Note 1 of the Notes to Condensed Consolidated Financial Statements. The Company evaluates performance of its segments based on revenues, net income and the segment’s return on allocated capital. Each operating segment is allocated corporate surplus as needed to support its business.

The Company charges direct operating expenses to the appropriate segment and allocates the majority of indirect expenses to the segments based on an intercompany expense arrangement. Inter-segment revenues primarily occur between the Company’s Other category and the reporting segments. These amounts primarily include interest income on allocated surplus and interest charges on excess separate account surplus. Consolidated net investment income is unaffected by such transactions.

The following table presents summarized financial information concerning the Company’s reporting segments.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Revenues by Product Line	2011			2010			2011			2010
Earned premiums, fees, and other considerations
Global Annuity
Individual variable annuity	$	395		$	444		$	1,278		$	1,301
Fixed / MVA and other annuity		20			7			33			14
IIP		(3	)		4			(7	)		24
Total Global Annuity		412			455			1,304			1,339
Life Insurance
Variable life		122			113			304			315
Universal life		104			66			305			264
Term life		9			9			26			27
PPLI		41			46			131			128
Total Life Insurance		276			234			766			734
Retirement Plans
401(k)		82			77			254			233
Government plans		11			12			37			32
Total Retirement Plans		93			89			291			265
Mutual Funds
Non-proprietary		119			122			401			384
Proprietary		15			15			45			46
Total Mutual Funds		134			137			446			430
Other		90			82			272			248
Total earned premiums, fees, and other considerations		1,005			997			3,079			3,016
Net investment income		505			795			1,874			2,135
Net realized capital gains (losses)		1,027			(563	)		537			(472	)
Total revenues	$	2,537		$	1,229		$	5,490		$	4,679
Net income (loss) attributable to Hartford Life Insurance Company
Global Annuity	$	(442	)	$	194		$	(88	)	$	(28	)
Life Insurance		(20	)		87			72			197
Retirement Plans		(32	)		30			13			38
Mutual Funds		23			17			77			64
Other		(50	)		46			(34	)		5
Total net income (loss) attributable to Hartford Life Insurance Company	$	(521	)	$	374		$	40		$	276