Equity

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Equity

Equity

During the three months endedMarch 31, 2013, the Company repurchased 1.8 million common shares, for $45, and 200,000 warrants, for $3 through its equity repurchase program authorized on January 31, 2013. In addition, the Company repurchased 751,000 common shares, for $19, from April 1, 2013 to April 25, 2013. The warrants outstanding at March 31, 2013 were 51.9 million.

The declaration of a quarterly common stock dividend in the first quarter of 2013 triggered a provision in The Hartford’s Fixed Conversion Rate Agreement, relating to the Company’s mandatory convertible preferred stock, resulting in an adjustment to the minimum conversion rate to 30.1920 from 29.8831 shares of Common Stock per share of Series F Preferred Stock and the maximum conversion rate to 36.8365 from 36.4596 shares of Common Stock per share of Series F Preferred Stock. On April 1, 2013 the mandatory convertible preferred stock converted to 21.2 million shares of common stock.