10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________ 

FORM 10-Q

 ____________________________________

(Mark One)

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2017

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ______________

Commission file number 001-13958

____________________________________ 

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	13-3317783
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

One Hartford Plaza, Hartford, Connecticut 06155

(Address of principal executive offices) (Zip Code)

(860) 547-5000

(Registrant’s telephone number, including area code)

Indicate by check mark:	Yes	No
•     whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.	ý	¨
•     whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).	ý	¨
•     whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer  ¨ Non-accelerated filer  ¨ Smaller reporting company  ¨ Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

•     whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) ¨ ý

As of July 25, 2017, there were outstanding 364,300,109 shares of Common Stock, $0.01 par value per share, of the registrant.

1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2017

TABLE OF CONTENTS

Item	Description	Page
	Part I
1.	FINANCIAL STATEMENTS
	REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	5
	CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2017 AND 2016	6
	CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2017 AND 2016	7
	CONDENSED CONSOLIDATED BALANCE SHEETS - AS OF JUNE 30, 2017 AND DECEMBER 31, 2016	8
	CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - FOR THE SIX MONTHS ENDED JUNE 30, 2017 AND 2016	9
	CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - FOR THE SIX MONTHS ENDED JUNE 30, 2017 AND 2016	10
	NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	11
2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	65
3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	127
4.	CONTROLS AND PROCEDURES	128
	PART II. OTHER INFORMATION
1.	LEGAL PROCEEDINGS	129
1A.	RISK FACTORS	130
2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	131
6.	EXHIBITS	132
	SIGNATURE	133
	EXHIBITS INDEX	134

2

Forward-Looking Statements

Certain of the statements contained herein are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “projects,” and similar references to future periods.

Forward-looking statements are based on management's current expectations and assumptions regarding future economic, competitive, legislative and other developments and their potential effect upon The Hartford Financial Services Group, Inc. and its subsidiaries (collectively, the "Company" or "The Hartford"). Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from expectations, depending on the evolution of various factors, including the risks and uncertainties identified below, as well as factors described in such forward-looking statements or in Part I, Item 1A, Risk Factors in The Hartford’s 2016 Form 10-K Annual Report, and those identified from time to time in our other filings with the Securities and Exchange Commission ("SEC").

• Risks Related to Economic, Political and Global Market Conditions:

◦ challenges related to the Company’s current operating environment, including global political, economic and market conditions, and the effect of financial market disruptions, economic downturns or other potentially adverse macroeconomic developments on the demand for our products, returns in our investment portfolios and the hedging costs associated with our run-off annuity block;

◦ financial risk related to the continued reinvestment of our investment portfolios and performance of our hedge program for our run-off annuity block;

◦ market risks associated with our business, including changes in credit spreads, equity prices, interest rates, inflation rate, market volatility and foreign exchange rates;

◦ the impact on our investment portfolio if our investment portfolio is concentrated in any particular segment of the economy;

• Insurance Industry and Product-Related Risks:

◦ the possibility of unfavorable loss development, including with respect to long-tailed exposures;

◦ the possibility of a pandemic, earthquake, or other natural or man-made disaster that may adversely affect our businesses;

◦ weather and other natural physical events, including the severity and frequency of storms, hail, winter storms, hurricanes and tropical storms, as well as climate change and its potential impact on weather patterns;

◦ the possible occurrence of terrorist attacks and the Company’s inability to contain its exposure as a result of, among other factors, the inability to exclude coverage for terrorist attacks from workers' compensation policies and limitations on reinsurance coverage from the federal government under applicable laws;

◦ the Company’s ability to effectively price its property and casualty policies, including its ability to obtain regulatory consents to pricing actions or to non-renewal or withdrawal of certain product lines;

◦ actions by competitors that may be larger or have greater financial resources than we do;

◦ technology changes, such as usage-based methods of determining premiums, advancement in automotive safety features, the development of autonomous vehicles, and platforms that facilitate ride sharing, which may alter demand for the Company's products, impact the frequency or severity of losses, and/or impact the way the Company markets, distributes and underwrites its products;

◦ the Company’s ability to market, distribute and provide insurance products and investment advisory services through current and future distribution channels and advisory firms;

◦ the uncertain effects of emerging claim and coverage issues;

◦ volatility in our statutory and United States ("U.S.") Generally Accepted Accounting Principles ("GAAP") earnings and potential material changes to our results resulting from our risk management program to emphasize protection of economic value;

• Financial Strength, Credit and Counterparty Risks:

◦ risks to our business, financial position, prospects and results associated with negative rating actions or downgrades in the Company’s financial strength and credit ratings or negative rating actions or downgrades relating to our investments;

◦ the impact on our statutory capital of various factors, including many that are outside the Company’s control, which can in turn affect our credit and financial strength ratings, cost of capital, regulatory compliance and other aspects of our business and results;

◦ losses due to nonperformance or defaults by others, including sourcing partners, derivative counterparties and other third parties;

3

◦ the potential for losses due to our reinsurers’ unwillingness or inability to meet their obligations under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the Company against losses;

• Risks Relating to Estimates, Assumptions and Valuations;

◦ risk associated with the use of analytical models in making decisions in key areas such as underwriting, capital management, hedging, reserving, and catastrophe risk management;

◦ the potential for differing interpretations of the methodologies, estimations and assumptions that underlie Company’s fair value estimates for its investments and the evaluation of other-than-temporary impairments on available-for-sale securities;

◦ the potential for further acceleration of deferred policy acquisition cost amortization and an increase in reserve for certain guaranteed benefits in our variable annuities;

◦ the potential for further impairments of our goodwill or the potential for changes in valuation allowances against deferred tax assets;

◦ the significant uncertainties that limit our ability to estimate the ultimate reserves necessary for asbestos and environmental claims;

• Strategic and Operational Risks:

◦ risks associated with the run off of our Talcott Resolution business;

◦ the Company’s ability to maintain the availability of its systems and safeguard the security of its data in the event of a disaster, cyber or other information security incident or other unanticipated event;

◦ the risks, challenges and uncertainties associated with our capital management plan, expense reduction initiatives and other actions, which may include acquisitions, divestitures or restructurings;

◦ the potential for difficulties arising from outsourcing and similar third-party relationships;

◦ the Company’s ability to protect its intellectual property and defend against claims of infringement;

• Regulatory and Legal Risks:

◦ the cost and other potential effects of increased regulatory and legislative developments, including those that could adversely impact the demand for the Company’s products, operating costs and required capital levels;

◦ unfavorable judicial or legislative developments;

◦ the impact of changes in federal or state tax laws;

◦ regulatory requirements that could delay, deter or prevent a takeover attempt that shareholders might consider in their best interests; and

◦ the impact of potential changes in accounting principles and related financial reporting requirements.

Any forward-looking statement made by the Company in this document speaks only as of the date of the filing of this Form 10-Q. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

4

Part I - Item 1. Financial Statements

Item 1. Financial Statements

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

The Hartford Financial Services Group, Inc.

Hartford, Connecticut

We have reviewed the accompanying condensed consolidated balance sheet of The Hartford Financial Services Group, Inc. and subsidiaries (the "Company") as of June 30, 2017, and the related condensed consolidated statements of operations and comprehensive income (loss) for the three-month and six-month periods ended June 30, 2017 and 2016, and statements of changes in stockholders' equity and cash flows for the six-month periods ended June 30, 2017 and 2016. These interim financial statements are the responsibility of the Company's management.

We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to such condensed consolidated interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America.

We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheet of the Company as of December 31, 2016, and the related consolidated statements of operations, comprehensive income, changes in stockholders' equity, and cash flows for the year then ended (not presented herein); and in our report dated February 24, 2017, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December 31, 2016 is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.

DELOITTE & TOUCHE LLP

Hartford, Connecticut

July 27, 2017

5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Condensed Consolidated Statements of Operations

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions, except for per share data)	2017			2016			2017			2016
	(Unaudited)
Revenues
Earned premiums	$	3,490		$	3,444		$	6,963		$	6,848
Fee income	466			441			921			886
Net investment income	715			735			1,443			1,431
Net realized capital gains (losses):
Total other-than-temporary impairment ("OTTI") losses	(16		)	(8		)	(19		)	(35		)
OTTI losses recognized in other comprehensive income (“OCI”)	2			1			4			5
Net OTTI losses recognized in earnings	(14		)	(7		)	(15		)	(30		)
Other net realized capital gains (losses)	89			60			70			(72		)
Total net realized capital gains (losses)	75			53			55			(102		)
Other revenues	23			23			42			43
Total revenues	4,769			4,696			9,424			9,106
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	2,767			3,142			5,524			5,783
Amortization of deferred policy acquisition costs ("DAC")	368			368			731			742
Insurance operating costs and other expenses	1,692			931			2,657			1,859
Interest expense	81			85			164			171
Total benefits, losses and expenses	4,908			4,526			9,076			8,555
Income before income taxes	(139		)	170			348			551
Income tax expense (benefit)	(99		)	(46		)	10			12
Net income (loss)	$	(40	)	$	216		$	338		$	539
Net income (loss) per common share
Basic	$	(0.11	)	$	0.55		$	0.92		$	1.36
Diluted	$	(0.11	)	$	0.54		$	0.90		$	1.34
Cash dividends declared per common share	$	0.23		$	0.21		$	0.46		$	0.42

See Notes to Condensed Consolidated Financial Statements.

6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Condensed Consolidated Statements of Comprehensive Income (Loss)

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2017			2016			2017			2016
	(Unaudited)
Net income (loss)	$	(40	)	$	216		$	338		$	539
Other comprehensive income (loss):
Changes in net unrealized gain on securities	342			636			479			1,158
Changes in OTTI losses recognized in other comprehensive income	1			5			—			(3		)
Changes in net gain on cash flow hedging instruments	(1		)	16			(19		)	70
Changes in foreign currency translation adjustments	5			(19		)	7			(13		)
Changes in pension and other postretirement plan adjustments	354			8			364			17
OCI, net of tax	701			646			831			1,229
Comprehensive income	$	661		$	862		$	1,169		$	1,768

See Notes to Condensed Consolidated Financial Statements.

7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Condensed Consolidated Balance Sheets

(In millions, except for share and per share data)	June 30, 2017			December 31, 2016
	(Unaudited)
Assets
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $54,800 and $53,805)	$	57,834		$	56,003
Fixed maturities, at fair value using the fair value option	146			293
Equity securities, available-for-sale, at fair value (cost of $964 and $1,020)	1,055			1,097
Mortgage loans (net of allowances for loan losses of $1 and $19)	5,796			5,697
Policy loans, at outstanding balance	1,433			1,444
Limited partnerships and other alternative investments	2,445			2,456
Other investments	355			403
Short-term investments	4,716			3,244
Total investments	73,780			70,637
Cash (includes variable interest entity assets, at fair value, of $0 and $5)	362			882
Premiums receivable and agents’ balances, net	3,846			3,731
Reinsurance recoverables, net	23,265			23,311
Deferred policy acquisition costs	1,648			1,711
Deferred income taxes, net	2,868			3,281
Goodwill	567			567
Property and equipment, net	974			991
Other assets	1,807			1,786
Assets held for sale	—			870
Separate account assets	116,746			115,665
Total assets	$	225,863		$	223,432
Liabilities
Unpaid losses and loss adjustment expenses	$	27,839		$	27,605
Reserve for future policy benefits	14,156			13,929
Other policyholder funds and benefits payable	30,466			31,176
Unearned premiums	5,573			5,499
Short-term debt	320			416
Long-term debt	4,817			4,636
Other liabilities (includes variable interest entity liabilities of $0 and $5)	8,658			6,992
Liabilities held for sale	—			611
Separate account liabilities	116,746			115,665
Total liabilities	$	208,575		$	206,529
Commitments and Contingencies (Note 12)
Stockholders’ Equity
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 402,923,222 and 402,923,222 shares issued	4			4
Additional paid-in capital	5,195			5,247
Retained earnings	13,282			13,114
Treasury stock, at cost — 40,103,642 and 28,974,069 shares	(1,687		)	(1,125		)
Accumulated other comprehensive income ("AOCI"), net of tax	494			(337		)
Total stockholders’ equity	$	17,288		$	16,903
Total liabilities and stockholders’ equity	$	225,863		$	223,432

See Notes to Condensed Consolidated Financial Statements.

8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Condensed Consolidated Statements of Changes in Stockholders' Equity

	Six Months Ended June 30,
(In millions, except for share data)	2017			2016
	(Unaudited)
Common Stock	$	4		$	5
Additional Paid-in Capital, beginning of period	5,247			8,973
Issuance of shares under incentive and stock compensation plans	(65		)	(129		)
Stock-based compensation plans expense	56			39
Tax benefit on employee stock options and share-based awards	—			22
Issuance of shares for warrant exercise	(43		)	(8		)
Additional Paid-in Capital, end of period	5,195			8,897
Retained Earnings, beginning of period	13,114			12,550
Net income	338			539
Dividends declared on common stock	(170		)	(166		)
Retained Earnings, end of period	13,282			12,923
Treasury Stock, at cost, beginning of period	(1,125		)	(3,557		)
Treasury stock acquired	(650		)	(700		)
Issuance of shares under incentive and stock compensation plans	79			130
Net shares acquired related to employee incentive and stock compensation plans	(34		)	(47		)
Issuance of shares for warrant exercise	43			8
Treasury Stock, at cost, end of period	(1,687		)	(4,166		)
Accumulated Other Comprehensive Loss, net of tax, beginning of period	(337		)	(329		)
Total other comprehensive income	831			1,229
Accumulated Other Comprehensive Income, net of tax, end of period	494			900
Total Stockholders’ Equity	$	17,288		$	18,559
Common Shares Outstanding, beginning of period (in thousands)	373,949			401,821
Treasury stock acquired	(13,299		)	(16,222		)
Issuance of shares under incentive and stock compensation plans	1,850			3,203
Return of shares under incentive and stock compensation plans to treasury stock	(686		)	(1,078		)
Issuance of shares for warrant exercise	1,006			192
Common Shares Outstanding, at end of period	362,820			387,916

See Notes to Condensed Consolidated Financial Statements.

9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Condensed Consolidated Statements of Cash Flows

	Six Months Ended June 30,
(In millions)	2017			2016
Operating Activities	(Unaudited)
Net income	$	338		$	539
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized capital (gains) losses	(55		)	102
Amortization of deferred policy acquisition costs	731			742
Additions to deferred policy acquisition costs	(695		)	(708		)
Depreciation and amortization	191			184
Pension settlement	747			—
Other operating activities, net	291			114
Change in assets and liabilities:
Decrease in reinsurance recoverables	25			62
Increase (decrease) in deferred and accrued income taxes	40			(150		)
Increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits, and unearned premiums	443			301
Net change in other assets and other liabilities	(1,162		)	(370		)
Net cash provided by operating activities	894			816
Investing Activities
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	15,847			11,023
Fixed maturities, fair value option	76			85
Equity securities, available-for-sale	512			469
Mortgage loans	351			201
Partnerships	138			460
Payments for the purchase of:
Fixed maturities, available-for-sale	(15,954		)	(10,691		)
Fixed maturities, fair value option	—			(76		)
Equity securities, available-for-sale	(397		)	(223		)
Mortgage loans	(458		)	(234		)
Partnerships	(222		)	(202		)
Net (payments for) proceeds from derivatives	(40		)	295
Net increase in policy loans	11			10
Net additions to property and equipment	(92		)	(137		)
Net payments for short-term investments	(1,453		)	(666		)
Other investing activities, net	(17		)	27
Proceeds from business sold, net of cash transferred	222			—
Net cash provided (used) by investing activities	(1,476		)	341
Financing Activities
Deposits and other additions to investment and universal life-type contracts	2,526			2,182
Withdrawals and other deductions from investment and universal life-type contracts	(7,076		)	(8,070		)
Net transfers from separate accounts related to investment and universal life-type contracts	3,976			5,486
Repayments at maturity or settlement of consumer notes	(11		)	(6		)
Net increase in securities loaned or sold under agreements to repurchase	1,346			136
Repayment of debt	(416		)	—
Proceeds from the issuance of debt	500			—
Net (return) issuance of shares under incentive and stock compensation plans	(22		)	10
Treasury stock acquired	(650		)	(700		)
Dividends paid on common stock	(173		)	(170		)
Net cash provided (used) for financing activities	—			(1,132		)
Foreign exchange rate effect on cash	62			(12		)
Net (decrease) increase in cash	(520		)	13
Cash – beginning of period	882			448
Cash – end of period	$	362		$	461
Supplemental Disclosure of Cash Flow Information
Income tax refunds received (paid)	$	2		$	(130	)
Interest paid	$	164		$	168

See Notes to Condensed Consolidated Financial Statements

10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollar amounts in millions, except for per share data, unless otherwise stated)

1. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

The Hartford Financial Services Group, Inc. is a holding company for insurance and financial services subsidiaries that provide property and casualty insurance, group life and disability products and mutual funds and exchange-traded products to individual and business customers in the United States (collectively, “The Hartford”, the “Company”, “we” or “our”). Also, the Company continues to run off life and annuity products previously sold.

On May 10, 2017, the Company completed the sale of its United Kingdom ("U.K.") property and casualty run-off subsidiaries. For discussion of this transaction, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements.

The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, which differ materially from the accounting practices prescribed by various insurance regulatory authorities. These Condensed Consolidated Financial Statements and Notes should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company's 2016 Form 10-K Annual Report. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year.

The accompanying Condensed Consolidated Financial Statements and Notes are unaudited. These financial statements reflect all adjustments (generally consisting only of normal accruals) which are, in the opinion of management, necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods. The Company's significant accounting policies are summarized in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements included in the Company's 2016 Form 10-K Annual Report.

Consolidation

The Condensed Consolidated Financial Statements include the accounts of The Hartford Financial Services Group, Inc., and entities in which the Company directly or indirectly has a controlling financial interest. Entities in which the Company has significant influence over the operating and financing decisions but does not control are reported using the equity method. All intercompany transactions and balances between The Hartford and its subsidiaries and affiliates have been eliminated.

Use of Estimates

The preparation of financial statements, in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The most significant estimates include those used in determining property and casualty and group long-term disability (LTD) insurance product reserves, net of reinsurance; estimated gross profits used in the valuation and amortization of assets and

liabilities associated with variable annuity and other universal life-type contracts; living benefits required to be fair valued; evaluation of goodwill for impairment; valuation of investments and derivative instruments, including evaluation of other-than-temporary impairments on available-for-sale securities; valuation allowance on deferred tax assets; and contingencies relating to corporate litigation and regulatory matters. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets could have a material impact on the Condensed Consolidated Financial Statements.

Reclassifications

Certain reclassifications have been made to prior year financial information to conform to the current year presentation. In particular, billing installment fees that were previously reflected as an offset to insurance operating costs and other expenses are now classified as revenues.

Adoption of New Accounting Standards

Stock Compensation

On January 1, 2017 the Company adopted new stock compensation guidance issued by the Financial Accounting Standards Board ("FASB") on a prospective basis. The updated guidance requires the excess tax benefit or tax deficiency on vesting or settlement of stock-based awards to be recognized in earnings as an income tax benefit or expense, respectively, instead of as an adjustment to additional paid-in capital. The new guidance also requires the related cash flows to be presented in operating activities instead of in financing activities. The amount of excess tax benefit or tax deficiency realized on vesting or settlement of awards depends upon the difference between the market value of awards at vesting or settlement and the grant date fair value recognized through compensation expense. The excess tax benefit or tax deficiency is a discrete item in the reporting period in which it occurs and is not considered in determining the annual estimated effective tax rate for interim reporting. The excess tax benefit recognized in earnings for the three and six months ended June 30, 2017 was $1 and $8, respectively, and the excess tax benefit recognized in additional paid-in capital for the six months ended June 30, 2016 was $22.

11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

2. Business Disposition

Sale of U.K. business

On May 10, 2017, the Company completed the sale of its U.K. property and casualty run-off subsidiaries, Hartford Financial Products International Limited and Downlands Liability Management Limited, in a cash transaction to Catalina Holdings U.K. Limited ("buyer"), for approximately $272, net of transaction costs. The Company's U.K. property and casualty run-off subsidiaries are included in the P&C Other Operations reporting segment. Revenues and earnings are not material to the Company's consolidated results of operations for the three and six months endedJune 30, 2017 and 2016.

The sale resulted in an after-tax capital loss from the transaction of $5 in 2016.

Major Classes of Assets and Liabilities Transferred by the Company to the Buyer in Connection with the Sale

	Carrying Value as of
	Closing	December 31, 2016 [2]
Assets
Cash and investments	$669	$657
Reinsurance recoverables and other [1]	268	213
	$937	$870
Liabilities
Reserve for future policy benefits and unpaid losses and loss adjustment expenses	$653	$600
Other liabilities	12	11
	$665	$611

[1] Includes intercompany reinsurance recoverables of $71 settled in cash at closing.

[2] Classified as assets and liabilities held for sale.

12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

3. Earnings Per Common Share

Computation of Basic and Diluted Earnings (Loss) per Common Share
	Three Months Ended June 30,					Six Months Ended June 30,
(In millions, except for per share data)	2017			2016		2017		2016
Earnings
Net income (loss)	$	(40	)	$	216	$	338	$	539
Shares
Weighted average common shares outstanding, basic	366.0			391.8		368.7		395.2
Dilutive effect of stock compensation plans	—			3.2		4.0		3.6
Dilutive effect of warrants	—			3.6		2.8		3.6
Weighted average common shares outstanding and dilutive potential common shares	366.0			398.6		375.5		402.4
Net income (loss) per common share
Basic	$	(0.11	)	$	0.55	$	0.92	$	1.36
Diluted	$	(0.11	)	$	0.54	$	0.90	$	1.34

As a result of the net loss for three months ended June 30, 2017, the Company was required to use basic weighted average common shares outstanding in the calculation of diluted loss per share, since the inclusion of 3.8 million shares for stock compensation plans and 2.5 million shares for warrants would have been antidilutive to the earnings (loss) per share calculation. In the absence of the net loss, weighted average common shares outstanding and dilutive potential common shares would have totaled 372.3 million.

13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Segment Information

The Company currently conducts business principally in six reporting segments including Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution, as well as a Corporate category.

The Company's revenues are generated primarily in the United States ("U.S."). Any foreign sourced revenue is immaterial.

Net Income (Loss)

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Commercial Lines [1]	$	258		$	237		$	489		$	462
Personal Lines [1]	24			(50		)	57			(27		)
Property & Casualty Other Operations	20			(154		)	44			(137		)
Group Benefits	69			55			114			105
Mutual Funds	24			20			47			40
Talcott Resolution	105			104			173			121
Corporate	(540		)	4			(586		)	(25		)
Net income	$	(40	)	$	216		$	338		$	539

[1] For the three and six months ended June 30, 2016 there was a segment change which resulted in a movement from Commercial Lines to Personal Lines of $3 and $6, respectively, of net servicing income associated with our participation in the National Flood Insurance Program.

14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

4. Segment Information (continued)

Revenues

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Earned premiums and fee income
Commercial Lines
Workers’ compensation	$	820	$	775	$	1,633	$	1,534
Liability	152		148		300		291
Package business	326		314		640		622
Automobile	161		154		322		312
Professional liability	60		55		120		108
Bond	58		54		113		107
Property	152		159		299		318
Total Commercial Lines [1]	1,729		1,659		3,427		3,292
Personal Lines
Automobile	660		687		1,322		1,372
Homeowners	281		299		564		598
Total Personal Lines [1] [2]	941		986		1,886		1,970
Group Benefits
Group disability	379		381		760		750
Group life	394		376		793		751
Other	51		51		106		102
Total Group Benefits	824		808		1,659		1,603
Mutual Funds
Mutual Fund	176		147		343		289
Talcott	25		25		49		50
Total Mutual Funds	201		172		392		339
Talcott Resolution	260		259		518		528
Corporate	1		1		2		2
Total earned premiums and fee income	3,956		3,885		7,884		7,734
Net investment income	715		735		1,443		1,431
Net realized capital gains (losses)	75		53		55		(102		)
Other revenues	23		23		42		43
Total revenues	$	4,769	$	4,696	$	9,424	$	9,106

[1] Commercial Lines includes installment fees of $9 and $19, respectively, for the three and six months ended June 30, 2017 and $9 and $19, respectively, for the three and six months ended June 30, 2016. Personal Lines includes installment fees of $11 and $22, respectively, for the three and six months ended June 30, 2017 and $10 and $19, respectively, for the three and six months ended June 30, 2016.

[2] For the three months endedJune 30, 2017 and 2016, AARP members accounted for earned premiums of $800 and $817, respectively. For the six months ended June 30, 2017 and 2016, AARP members accounted for earned premiums of $1.6 billion and $1.6 billion, respectively.

15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements

The Company carries certain financial assets and liabilities at estimated fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants. Our fair value framework includes a hierarchy that gives the highest priority to the use of quoted prices in active markets, followed by the use of market observable inputs, followed by the use of unobservable inputs. The fair value hierarchy levels are as follows:

Level 1 Fair values based primarily on unadjusted quoted prices for identical assets or liabilities, in active markets that the Company has the ability to access at the measurement date.

Level 2 Fair values primarily based on observable inputs, other than quoted prices included in Level 1, or based on prices for similar assets and liabilities.

Level 3 Fair values derived when one or more of the significant inputs are unobservable (including assumptions about risk). With little or no observable market, the determination of fair values uses considerable judgment and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. Also included are securities that are traded within illiquid markets and/or priced by independent brokers.

The Company will classify the financial asset or liability by level based upon the lowest level input that is significant to the determination of the fair value. In most cases, both observable inputs (e.g., changes in interest rates) and unobservable inputs (e.g., changes in risk assumptions) are used to determine fair values that the Company has classified within Level 3.

16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of June 30, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
Asset-backed-securities ("ABS")	$	2,354		$	—	$	2,258		$	96
Collateralized debt obligations ("CDOs")	2,457			—		2,118			339
Commercial mortgage-backed securities ("CMBS")	5,173			—		5,075			98
Corporate	26,044			—		24,908			1,136
Foreign government/government agencies	1,297			—		1,268			29
Bonds of municipalities and political subdivisions ("municipal bonds")	12,284			—		12,198			86
Residential mortgage-backed securities ("RMBS")	4,219			—		2,208			2,011
U.S. Treasuries	4,006			463		3,543			—
Total fixed maturities	57,834			463		53,576			3,795
Fixed maturities, FVO	146			—		146			—
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,055			789		168			98
Derivative assets
Credit derivatives	8			—		8			—
Equity derivatives	2			—		1			1
Interest rate derivatives	2			—		2			—
GMWB hedging instruments	45			—		—			45
Macro hedge program	94			—		8			86
Total derivative assets [2]	151			—		19			132
Short-term investments	4,716			1,916		2,800			—
Reinsurance recoverable for GMWB	57			—		—			57
Modified coinsurance reinsurance contracts	58			—		58			—
Separate account assets [3]	112,559			73,019		38,466			192
Total assets accounted for at fair value on a recurring basis	$	176,587		$	76,198	$	95,233		$	4,274
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(134	)	$	—	$	—		$	(134	)
Equity linked notes	(37		)	—		—			(37		)
Total other policyholder funds and benefits payable	(171		)	—		—			(171		)
Derivative liabilities
Credit derivatives	(6		)	—		(6		)	—
Equity derivatives	38			—		37			1
Foreign exchange derivatives	(267		)	—		(267		)	—
Interest rate derivatives	(488		)	—		(462		)	(26		)
GMWB hedging instruments	40			—		45			(5		)
Macro hedge program	74			—		—			74
Total derivative liabilities [4]	(609		)	—		(653		)	44
Contingent consideration [5]	(27		)	—		—			(27		)
Total liabilities accounted for at fair value on a recurring basis	$	(807	)	$	—	$	(653	)	$	(154	)

17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2016
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS	$	2,382		$	—	$	2,300		$	82
CDOs	1,916			—		1,502			414
CMBS	4,936			—		4,856			80
Corporate	25,666			—		24,586			1,080
Foreign government/government agencies	1,171			—		1,107			64
Municipal bonds	11,486			—		11,368			118
RMBS	4,767			—		2,795			1,972
U.S. Treasuries	3,679			620		3,059			—
Total fixed maturities	56,003			620		51,573			3,810
Fixed maturities, FVO	293			1		281			11
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,097			821		177			99
Derivative assets
Credit derivatives	17			—		17			—
Foreign exchange derivatives	27			—		27			—
Interest rate derivatives	(427		)	—		(427		)	—
GMWB hedging instruments	74			—		14			60
Macro hedge program	128			—		8			120
Other derivative contracts	1			—		—			1
Total derivative assets [2]	(180		)	—		(361		)	181
Short-term investments	3,244			878		2,366			—
Reinsurance recoverable for GMWB	73			—		—			73
Modified coinsurance reinsurance contracts	68			—		68			—
Separate account assets [3]	111,634			71,606		38,856			201
Total assets accounted for at fair value on a recurring basis	$	172,243		$	73,937	$	92,960		$	4,375
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(241	)	$	—	$	—		$	(241	)
Equity linked notes	(33		)	—		—			(33		)
Total other policyholder funds and benefits payable	(274		)	—		—			(274		)
Derivative liabilities
Credit derivatives	(13		)	—		(13		)	—
Equity derivatives	33			—		33			—
Foreign exchange derivatives	(237		)	—		(237		)	—
Interest rate derivatives	(542		)	—		(521		)	(21		)
GMWB hedging instruments	20			—		(1		)	21
Macro hedge program	50			—		3			47
Total derivative liabilities [4]	(689		)	—		(736		)	47
Contingent consideration [5]	(25		)	—		—			(25		)
Total liabilities accounted for at fair value on a recurring basis	$	(988	)	$	—	$	(736	)	$	(252	)

[1] Included in other investments on the Condensed Consolidated Balance Sheets.

[2] Includes OTC and OTC-cleared derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. See footnote 4 to this table for derivative liabilities.

18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

[3] Approximately $4.2 billion and $4.0 billion of investment sales receivable, as of June 30, 2017, and December 31, 2016, respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Included in the total fair value amount are $882 and $1.0 billion of investments, as of June 30, 2017 and December 31, 2016, for which the fair value is estimated using the net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy.

[4] Includes OTC and OTC-cleared derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements, which may be imposed by agreements, clearing house rules and applicable law.

[5] For additional information see the Contingent Consideration section below.

Fixed Maturities, Equity Securities, Short-term Investments, and Free-standing Derivatives

Valuation Techniques

The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments. Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations. The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order:

• Quoted prices, unadjusted, for identical assets or liabilities in active markets, which are classified as Level 1.

• Prices from third-party pricing services, which primarily utilize a combination of techniques. These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date. If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate. Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk. Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable. However, some securities that are less liquid or trade less actively are classified as Level 3. Additionally, certain long-dated securities, including certain municipal securities, foreign government/government agency securities, and bank loans, include benchmark interest rate or credit spread assumptions that are not observable in the marketplace and are thus classified as Level 3.

• Internal matrix pricing, which is a valuation process internally developed for private placement securities for which the Company is unable to obtain a price from a third-party pricing service. Internal pricing matrices determine credit spreads that, when combined with risk-free rates, are applied to contractual cash flows to develop a price. The Company develops credit spreads using market based data for public securities adjusted for credit spread differentials between public and private securities, which are obtained from a survey of multiple private placement brokers. The market-based reference credit spread considers the issuer’s financial strength and term to maturity, using an

independent public security index and trade information, while the credit spread differential considers the non-public nature of the security. Securities priced using internal matrix pricing are classified as Level 2 because the inputs are observable or can be corroborated with observable data.

• Independent broker quotes, which are typically non-binding and use inputs that can be difficult to corroborate with observable market based data. Brokers may use present value techniques using assumptions specific to the security types, or they may use recent transactions of similar securities. Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3.

The fair value of free-standing derivative instruments are determined primarily using a discounted cash flow model or option model technique and incorporate counterparty credit risk. In some cases, quoted market prices for exchange-traded and OTC-cleared derivatives may be used and in other cases independent broker quotes may be used. The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data. The valuation of certain derivatives may include significant inputs that are unobservable, such as volatility levels, and reflect the Company’s view of what other market participants would use when pricing such instruments. Unobservable market data is used in the valuation of customized derivatives that are used to hedge certain GMWB variable annuity riders. See the section “GMWB Embedded, Customized, and Reinsurance Derivatives” below for further discussion of the valuation model used to value these customized derivatives.

Valuation Controls

The fair value process for investments is monitored by the Valuation Committee, which is a cross-functional group of senior management within the Company that meets at least quarterly. The purpose of the committee is to oversee the pricing policy and procedures, as well as approving changes to valuation methodologies and pricing sources. Controls and procedures used to assess third-party pricing services are reviewed by the Valuation Committee, including the results of annual due-diligence reviews.

There are also two working groups under the Valuation Committee: a Securities Fair Value Working Group (“Securities Working Group”) and a Derivatives Fair Value Working Group ("Derivatives Working Group"). The working groups, which include various investment, operations, accounting and risk management professionals, meet monthly to review market data trends, pricing and trading statistics and results, and any proposed pricing methodology changes.

The Securities Working Group reviews prices received from third parties to ensure that the prices represent a reasonable estimate of the fair value. The group considers trading volume, new

19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

issuance activity, market trends, new regulatory rulings and other factors to determine whether the market activity is significantly different than normal activity in an active market. A dedicated pricing unit follows up with trading and investment sector professionals and challenges prices of third-party pricing services when the estimated assumptions used differ from what the unit believes a market participant would use. If the available evidence indicates that pricing from third-party pricing services or broker quotes is based upon transactions that are stale or not from trades made in an orderly market, the Company places little, if any, weight on the third party service’s transaction price and will estimate fair value using an internal process, such as a pricing matrix.

The Derivatives Working Group reviews the inputs, assumptions and methodologies used to ensure that the prices represent a reasonable estimate of the fair value. A dedicated pricing team works directly with investment sector professionals to investigate the impacts of changes in the market environment on prices or valuations of derivatives. New models and any changes to current models are required to have detailed documentation and are validated to a second source. The model validation documentation and results of validation are presented to the Valuation Committee for approval.

The Company conducts other monitoring controls around securities and derivatives pricing including, but not limited to, the following:

• Review of daily price changes over specific thresholds and new trade comparison to third-party pricing services.

• Daily comparison of OTC derivative market valuations to counterparty valuations.

• Review of weekly price changes compared to published bond prices of a corporate bond index.

• Monthly reviews of price changes over thresholds, stale prices, missing prices, and zero prices.

• Monthly validation of prices to a second source for securities in most sectors and for certain derivatives.

In addition, the Company’s enterprise-wide Operational Risk Management function, led by the Chief Risk Officer, is responsible for model risk management and provides an independent review of the suitability and reliability of model inputs, as well as an analysis of significant changes to current models.

Valuation Inputs

Quoted prices for identical assets in active markets are considered Level 1 and consist of on-the-run U.S. Treasuries, money market funds, exchange-traded equity securities, open-ended mutual funds, short-term investments, and exchange traded futures and option contracts.

20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Valuation Inputs Used in Levels 2 and 3 Measurements for Securities and Freestanding Derivatives
Level 2 Primary Observable Inputs		Level 3 Primary Unobservable Inputs
Fixed Maturity Investments
Structured securities (includes ABS, CDOs CMBS and RMBS)
	• Benchmark yields and spreads • Monthly payment information • Collateral performance, which varies by vintage year and includes delinquency rates, loss severity rates and refinancing assumptions • Credit default swap indices Other inputs for ABS and RMBS: • Estimate of future principal prepayments, derived based on the characteristics of the underlying structure • Prepayment speeds previously experienced at the interest rate levels projected for the collateral		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for less liquid securities or those that trade less actively, including subprime RMBS: • Estimated cash flows • Credit spreads, which include illiquidity premium • Constant prepayment rates • Constant default rates • Loss severity
Corporates
	• Benchmark yields and spreads • Reported trades, bids, offers of the same or similar securities • Issuer spreads and credit default swap curves Other inputs for investment grade privately placed securities that utilize internal matrix pricing: • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for below investment grade privately placed securities: • Independent broker quotes • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature
U.S Treasuries, Municipals, and Foreign government/government agencies
	• Benchmark yields and spreads • Issuer credit default swap curves • Political events in emerging market economies • Municipal Securities Rulemaking Board reported trades and material event notices • Issuer financial statements		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve
Equity Securities
	• Quoted prices in markets that are not active		• For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable; or they may be held at cost
Short Term Investments
	• Benchmark yields and spreads • Reported trades, bids, offers • Issuer spreads and credit default swap curves • Material event notices and new issue money market rates		Not applicable
Derivatives
Credit derivatives
	• Swap yield curve • Credit default swap curves		• Independent broker quotes • Yield curves beyond observable limits
Equity derivatives
	• Equity index levels • Swap yield curve		• Independent broker quotes • Equity volatility
Foreign exchange derivatives
	• Swap yield curve • Currency spot and forward rates • Cross currency basis curves		• Independent broker quotes
Interest rate derivatives
	• Swap yield curve		• Independent broker quotes • Interest rate volatility

21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Significant Unobservable Inputs for Level 3 - Securities
Assets accounted for at fair value on a recurring basis	Fair Value		Predominant Valuation Technique	Significant Unobservable Input	Minimum	Maximum	Weighted Average [1]	Impact of Increase in Input on Fair Value [2]
As of June 30, 2017
CMBS [3]	$	51	Discounted cash flows	Spread (encompasses prepayment, default risk and loss severity)	9 bps	1,816 bps	466 bps	Decrease
Corporate [4]	489		Discounted cash flows	Spread	108 bps	944 bps	303 bps	Decrease
Municipal [3]	70		Discounted cash flows	Spread	166 bps	222 bps	183 bps	Decrease
RMBS [3]	2,002		Discounted cash flows	Spread	40 bps	624 bps	126 bps	Decrease
				Constant prepayment rate	—%	14%	5%	Decrease [5]
				Constant default rate	2%	10%	5%	Decrease
				Loss severity	—%	100%	71%	Decrease
As of December 31, 2016
CMBS [3]	$	52	Discounted cash flows	Spread (encompasses prepayment, default risk and loss severity)	10 bps	1,273 bps	366 bps	Decrease
Corporate [4]	510		Discounted cash flows	Spread	122 bps	1,302 bps	359 bps	Decrease
Municipal [3]	101		Discounted cash flows	Spread	135 bps	286 bps	221 bps	Decrease
RMBS [3]	1,963		Discounted cash flows	Spread	16 bps	1,830 bps	192 bps	Decrease
				Constant prepayment rate	—%	20%	4%	Decrease [5]
				Constant default rate	—%	11%	5%	Decrease
				Loss severity	—%	100%	75%	Decrease

[1] The weighted average is determined based on the fair value of the securities.

[2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.

[3] Excludes securities for which the Company based fair value on broker quotations.

[4] Excludes securities for which the Company bases fair value on broker quotations; however, included are broker priced lower-rated private placement securities for which the Company receives spread and yield information to corroborate the fair value.

[5] Decrease for above market rate coupons and increase for below market rate coupons.

22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Significant Unobservable Inputs for Level 3 - Freestanding Derivatives
	Fair Value			Predominant Valuation  Technique	Significant Unobservable Input	Minimum		Maximum		Impact of  Increase in Input on  Fair Value [1]
As of June 30, 2017
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3	%	3	%	Decrease
Interest rate swaptions [2]	3			Option model	Interest rate volatility	2	%	2	%	Increase
GMWB hedging instruments
Equity variance swaps	(39		)	Option model	Equity volatility	16	%	20	%	Increase
Equity options	6			Option model	Equity volatility	26	%	28	%	Increase
Customized swaps	73			Discounted cash flows	Equity volatility	9	%	30	%	Increase
Macro hedge program [3]
Equity options	171			Option model	Equity volatility	15	%	26	%	Increase
As of December 31, 2016
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3	%	3	%	Decrease
Interest rate swaptions [2]	8			Option model	Interest rate volatility	2	%	2	%	Increase
GMWB hedging instruments
Equity variance swaps	(36		)	Option model	Equity volatility	20	%	23	%	Increase
Equity options	17			Option model	Equity volatility	27	%	30	%	Increase
Customized swaps	100			Discounted cash flows	Equity volatility	12	%	30	%	Increase
Macro hedge program [3]
Equity options	188			Option model	Equity volatility	17	%	28	%	Increase

[1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. Changes are based on long positions, unless otherwise noted. Changes in fair value will be inversely impacted for short positions.

[2] The swaptions presented are purchased options that have the right to enter into a pay-fixed swap.

[3] Excludes derivatives for which the Company bases fair value on broker quotations.

The tables above exclude the portion of ABS, index options and certain corporate securities for which fair values are predominately based on independent broker quotes. While the Company does not have access to the significant unobservable inputs that independent brokers may use in their pricing process, the Company believes brokers likely use inputs similar to those used by the Company and third-party pricing services to price similar instruments. As such, in their pricing models, brokers likely use estimated loss severity rates, prepayment rates, constant default rates and credit spreads. Therefore, similar to non-broker priced securities, increases in these inputs would generally cause fair values to decrease. For the three and six months endedJune 30, 2017, no significant adjustments were made by the Company to broker prices received.

Transfers between Levels

Transfers of securities among the levels occur at the beginning of the reporting period. The amount of transfers from Level 1 to Level 2 was $692 and $1.3 billion for the three and six months endedJune 30, 2017 and $67 and $808 for three and six months endedJune 30, 2016, respectively, which represented previously on-the-run U.S. Treasury securities that are now off-the-run. For the three and six months endedJune 30, 2017 and 2016, there were no transfers from Level 2 to Level 1. See the fair value roll-forward tables for the three and six months endedJune 30, 2017 and 2016, for the transfers into and out of Level 3.

23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

GMWB Embedded, Customized and Reinsurance Derivatives

GMWB Embedded Derivatives	The Company formerly offered certain variable annuity products with GMWB riders that provide the policyholder with a guaranteed remaining balance ("GRB") which is generally equal to premiums less withdrawals. If the policyholder’s account value is reduced to a specified level through a combination of market declines and withdrawals but the GRB still has value, the Company is obligated to continue to make annuity payments to the policyholder until the GRB is exhausted. When payments of the GRB are not life-contingent, the GMWB represents an embedded derivative carried at fair value reported in other policyholder funds and benefits payable in the Condensed Consolidated Balance Sheets with changes in fair value reported in net realized capital gains and losses.
Free-standing Customized Derivatives	The Company holds free-standing customized derivative contracts to provide protection from certain capital markets risks for the remaining term of specified blocks of non-reinsured GMWB riders. These customized derivatives are based on policyholder behavior assumptions specified at the inception of the derivative contracts. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. These derivatives are reported in the Condensed Consolidated Balance Sheets within other investments or other liabilities, as appropriate, after considering the impact of master netting agreements.
GMWB Reinsurance Derivative	The Company has reinsurance arrangements in place to transfer a portion of its risk of loss due to GMWB. These arrangements are recognized as derivatives carried at fair value and reported in reinsurance recoverables in the Condensed Consolidated Balance Sheets. Changes in the fair value of the reinsurance agreements are reported in net realized capital gains and losses.

Valuation Techniques

Fair values for GMWB embedded derivatives, free-standing customized derivatives and reinsurance derivatives are classified as Level 3 in the fair value hierarchy and are calculated using internally developed models that utilize significant unobservable inputs because active, observable markets do not exist for these items. In valuing the GMWB embedded derivative, the Company attributes to the derivative a portion of the expected fees to be collected over the expected life of the contract from the contract holder equal to the present value of future GMWB claims. The excess of fees collected from the contract holder in the current period over the portion of fees attributed to the embedded derivative in the current period are associated with the host variable annuity contract and reported in fee income.

Valuation Controls

Oversight of the Company's valuation policies and processes for GMWB embedded, reinsurance, and customized derivatives is performed by a multidisciplinary group comprised of finance, actuarial and risk management professionals. This multidisciplinary group reviews and approves changes and enhancements to the Company's valuation model as well as associated controls.

Valuation Inputs

The fair value for each of the non-life contingent GMWBs, the free-standing customized derivatives and the GMWB reinsurance derivative is calculated as an aggregation of the following components: Best Estimate Claim Payments; Credit Standing Adjustment; and Margins. The Company believes the aggregation of these components results in an amount that a market participant in an active liquid market would require, if such a market existed, to assume the risks associated with the guaranteed minimum benefits and the related reinsurance and customized derivatives. Each component described in the following discussion is unobservable in the marketplace and requires subjectivity by the Company in determining its value.

Best Estimate Claim Payments

The Best Estimate Claim Payments are calculated based on actuarial and capital market assumptions related to projected cash flows, including the present value of benefits and related contract charges, over the lives of the contracts, incorporating unobservable inputs including expectations concerning policyholder behavior. These assumptions are input into a stochastic risk neutral scenario process that is used to determine the valuation and involves numerous estimates and subjective judgments regarding a number of variables.

The Company monitors various aspects of policyholder behavior and may modify certain of its assumptions, including living benefit lapses and withdrawal rates, if credible emerging data indicates that changes are warranted. In addition, the Company will continue to evaluate policyholder behavior assumptions should we implement initiatives to reduce the size of the variable annuity business. At a minimum, all policyholder behavior assumptions are reviewed and updated at least annually as part of the Company’s annual fourth-quarter comprehensive study to refine its estimate of future gross profits. In addition, the Company recognizes non-market-based updates driven by the relative outperformance (underperformance) of the underlying actively managed funds as compared to their respective indices.

Credit Standing Adjustment

The credit standing adjustment is an estimate of the additional amount that market participants would require in determining fair value to reflect the risk that GMWB benefit obligations or the GMWB reinsurance recoverables will not be fulfilled. The Company incorporates a blend of observable Company and reinsurer credit default spreads from capital markets, adjusted for market recoverability.

Margins

The behavior risk margin adds a margin that market participants would require, in determining fair value, for the risk that the Company’s assumptions about policyholder behavior could differ from actual experience. The behavior risk margin is calculated by taking the difference between adverse policyholder behavior assumptions and best estimate assumptions.

24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Valuation Inputs Used in Levels 2 and 3 Measurements for GMWB Embedded, Customized and Reinsurance Derivatives
Level 2 Primary Observable Inputs		Level 3 Primary Unobservable Inputs
	• Risk-free rates as represented by the Eurodollar futures, LIBOR deposits and swap rates to derive forward curve rates • Correlations of 10 years of observed historical returns across underlying well-known market indices • Correlations of historical index returns compared to separate account fund returns • Equity index levels		• Market implied equity volatility assumptions Assumptions about policyholder behavior, including: • Withdrawal utilization • Withdrawal rates • Lapse rates • Reset elections

Significant Unobservable Inputs for Level 3 GMWB Embedded Customized and Reinsurance Derivatives
As of June 30, 2017
Significant Unobservable Input	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	9%	30%	Increase
As of December 31, 2016
Significant Unobservable Input	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	12%	30%	Increase

[1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.

[2] Range represents assumed cumulative percentages of policyholders taking withdrawals.

[3] Range represents assumed cumulative annual amount withdrawn by policyholders.

[4] Range represents assumed annual percentages of full surrender of the underlying variable annuity contracts across all policy durations for in force business.

[5] Range represents assumed cumulative percentages of policyholders that would elect to reset their guaranteed benefit base.

[6] Range represents implied market volatilities for equity indices based on multiple pricing sources.

Separate Account Assets

Separate account assets are primarily invested in mutual funds. Other separate account assets include fixed maturities, limited partnerships, equity securities, short-term investments and derivatives that are valued in the same manner, and using the same pricing sources and inputs, as those investments held by the Company. For limited partnerships in which fair value represents the separate account's share of the NAV, 43% and 39% were subject to significant liquidation restrictions as of June 30, 2017 and December 31, 2016, respectively. Total limited partnerships that do not allow any form of redemption were 13% and 11% as of June 30, 2017 and December 31, 2016, respectively. Separate account assets classified as Level 3 primarily include subprime RMBS and commercial mortgage loans.

Contingent Consideration

The acquisition of Lattice Strategies LLC ("Lattice") in 2016 requires the Company to make payments to former owners of

Lattice of up to $60 contingent upon growth in exchange-traded products ("ETP") AUM over a four-year period beginning on the date of acquisition. The contingent consideration is measured at fair value on a quarterly basis by projecting future eligible ETP AUM over the contingency period to estimate the amount of expected payout. The future expected payout is discounted back to the valuation date using a risk-adjusted discount rate of 18.8%. The risk-adjusted discount rate is an internally generated and significant unobservable input to fair value.

25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

The Company uses derivative instruments to manage the risk associated with certain assets and liabilities. However, the

derivative instrument may not be classified with the same fair value hierarchy level as the associated asset or liability. Therefore, the realized and unrealized gains and losses on derivatives reported in the Level 3 roll-forward may be offset by realized and unrealized gains and losses of the associated assets and liabilities in other line items of the financial statements.

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Three Months Ended June 30, 2017
					Total realized/unrealized gains (losses)
		Fair value as of March 31, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2017
Assets
Fixed Maturities, AFS
	ABS	$	125		$	—		$	—		$	25	$	(1	)	$	—		$	—	$	(53	)	$	96
	CDOs	319			—			(5		)	300		(207		)	—			—		(68		)	339
	CMBS	117			—			1			19		(3		)	—			—		(36		)	98
	Corporate	1,078			(12		)	14			46		(4		)	(30		)	52		(8		)	1,136
	Foreign Govt./Govt. Agencies	66			—			—			6		(1		)	(2		)	—		(40		)	29
	Municipal	117			4			(1		)	—		—			(34		)	—		—			86
	RMBS	2,048			—			27			50		(114		)	—			—		—			2,011
Total Fixed Maturities, AFS		3,870			(8		)	36			446		(330		)	(66		)	52		(205		)	3,795
Equity Securities, AFS		99			—			(1		)	—		—			—			—		—			98
Freestanding Derivatives, net [5]
	Equity	4			(2		)	—			—		—			—			—		—			2
	Interest rate	(24		)	(2		)	—			—		—			—			—		—			(26		)
	GMWB hedging instruments	46			(6		)	—			—		—			—			—		—			40
	Macro hedge program	159			1			—			—		—			—			—		—			160
	Other contracts	—			—			—			—		—			—			—		—			—
Total Freestanding Derivatives, net [5]		185			(9		)	—			—		—			—			—		—			176
Reinsurance Recoverable for GMWB		60			(7		)	—			—		4			—			—		—			57
Separate Accounts		277			2			—			13		(2		)	(34		)	7		(71		)	192
Total Assets		$	4,491		$	(22	)	$	35		$	459	$	(328	)	$	(100	)	$	59	$	(276	)	$	4,318
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(157	)	$	40		$	—		$	—	$	(17	)	$	—		$	—	$	—		$	(134	)
	Equity Linked Notes	(36		)	(1		)	—			—		—			—			—		—			(37		)
Total Other Policyholder Funds and Benefits Payable		(193		)	39			—			—		(17		)	—			—		—			(171		)
Contingent Consideration [7]		(26		)	(1		)	—			—		—			—			—		—			(27		)
Total Liabilities		$	(219	)	$	38		$	—		$	—	$	(17	)	$	—		$	—	$	—		$	(198	)

26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Six Months Ended June 30, 2017
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2017
Assets
Fixed Maturities, AFS
	ABS	$	82		$	—		$	—		$	70	$	(6	)	$	—		$	26	$	(76	)	$	96
	CDOs	414			—			(1		)	300		(208		)	—			—		(166		)	339
	CMBS	80			(1		)	1			75		(6		)	—			—		(51		)	98
	Corporate	1,080			(6		)	30			215		(40		)	(190		)	92		(45		)	1,136
	Foreign Govt./Govt. Agencies	64			—			3			6		(2		)	(2		)	—		(40		)	29
	Municipal	118			4			4			—		—			(40		)	—		—			86
	RMBS	1,972			—			33			223		(210		)	(7		)	—		—			2,011
Total Fixed Maturities, AFS		3,810			(3		)	70			889		(472		)	(239		)	118		(378		)	3,795
Fixed Maturities, FVO		11			—			—			4		(2		)	(13		)	—		—			—
Equity Securities, AFS		99			—			(5		)	4		—			—			—		—			98
Freestanding Derivatives, net [5]
	Equity	—			(3		)	—			5		—			—			—		—			2
	Interest rate	(21		)	(5		)	—			—		—			—			—		—			(26		)
	GMWB hedging instruments	81			(41		)	—			—		—			—			—		—			40
	Macro hedge program	167			(7		)	—			—		—			—			—		—			160
	Other contracts	1			(1		)	—			—		—			—			—		—			—
Total Freestanding Derivatives, net [5]		228			(57		)	—			5		—			—			—		—			176
Reinsurance Recoverable for GMWB		73			(23		)	—			—		7			—			—		—			57
Separate Accounts		201			3			2			111		(7		)	(42		)	10		(86		)	192
Total Assets		$	4,422		$	(80	)	$	67		$	1,013	$	(474	)	$	(294	)	$	128	$	(464	)	$	4,318
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(241	)	$	140		$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(134	)
	Equity Linked Notes	(33		)	(4		)	—			—		—			—			—		—			(37		)
Total Other Policyholder Funds and Benefits Payable		(274		)	136			—			—		(33		)	—			—		—			(171		)
Contingent Consideration [7]		(25		)	(2		)	—			—		—			—			—		—			(27		)
Total Liabilities		$	(299	)	$	134		$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(198	)

27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Three Months Ended June 30, 2016
					Total realized/unrealized gains (losses)
		Fair value as of March 31, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2016
Assets
Fixed Maturities, AFS
	ABS	$	32		$	—		$	—		$	—	$	(4	)	$	—		$	13	$	—		$	41
	CDOs	542			(1		)	(2		)	—		(61		)	—			—		—			478
	CMBS	134			—			5			10		(9		)	(3		)	1		(59		)	79
	Corporate	834			(1		)	19			37		(50		)	(66		)	455		(92		)	1,136
	Foreign Govt./Govt. Agencies	76			1			4			1		(1		)	(9		)	—		—			72
	Municipal	50			—			4			20		—			—			16		—			90
	RMBS	1,886			—			10			97		(101		)	—			3		(22		)	1,873
Total Fixed Maturities, AFS		3,554			(1		)	40			165		(226		)	(78		)	488		(173		)	3,769
Fixed Maturities, FVO		14			1			—			1		(1		)	(3		)	—		(6		)	6
Equity Securities, AFS		92			1			5			2		—			(3		)	—		—			97
Freestanding Derivatives, net [5]
	Equity	5			(4		)	—			—		—			—			—		—			1
	Interest rate	(28		)	(4		)	—			—		—			—			—		—			(32		)
	GMWB hedging instruments	144			15			—			—		—			—			—		6			165
	Macro hedge program	145			(4		)	—			—		—			—			—		—			141
	Other contracts	5			(1		)	—			—		—			—			—		—			4
Total Freestanding Derivatives, net [5]		271			2			—			—		—			—			—		6			279
Reinsurance Recoverable for GMWB		99			3			—			—		4			—			—		—			106
Separate Accounts		154			—			3			22		(3		)	(6		)	3		(2		)	171
Total Assets		$	4,184		$	6		$	48		$	190	$	(226	)	$	(90	)	$	491	$	(175	)	$	4,428
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(361	)	$	(35	)	$	—		$	—	$	(16	)	$	—		$	—	$	—		$	(412	)
	Equity Linked Notes	(25		)	(3		)	—			—		—			—			—		—			(28		)
Total Other Policyholder Funds and Benefits Payable		(386		)	(38		)	—			—		(16		)	—			—		—			(440		)
Total Liabilities		$	(386	)	$	(38	)	$	—		$	—	$	(16	)	$	—		$	—	$	—		$	(440	)

28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Six Months Ended June 30, 2016
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2016
Assets
Fixed Maturities, AFS
	ABS	$	37		$	—		$	—		$	—	$	(7	)	$	—		$	18	$	(7	)	$	41
	CDOs	541			(1		)	(2		)	—		(60		)	—			—		—			478
	CMBS	150			(1		)	(3		)	50		(18		)	(3		)	1		(97		)	79
	Corporate	854			(14		)	12			67		(55		)	(91		)	513		(150		)	1,136
	Foreign Govt./Govt. Agencies	60			1			9			15		(2		)	(11		)	—		—			72
	Municipal	49			—			5			20		—			—			16		—			90
	RMBS	1,622			—			(4		)	430		(158		)	—			5		(22		)	1,873
Total Fixed Maturities, AFS		3,313			(15		)	17			582		(300		)	(105		)	553		(276		)	3,769
Fixed Maturities, FVO		16			(1		)	—			6		(2		)	(3		)	—		(10		)	6
Equity Securities, AFS		93			—			7			2		—			(5		)	—		—			97
Freestanding Derivatives, net [5]
	Equity	—			(15		)	—			16		—			—			—		—			1
	Interest rate	(22		)	(10		)	—			—		—			—			—		—			(32		)
	GMWB hedging instruments	135			24			—			—		—			—			—		6			165
	Macro hedge program	147			(4		)	—			—		(2		)	—			—		—			141
	Other contracts	7			(3		)	—			—		—			—			—		—			4
Total Freestanding Derivatives, net [5]		267			(8		)	—			16		(2		)	—			—		6			279
Reinsurance Recoverable for GMWB		83			16			—			—		7			—			—		—			106
Separate Accounts		139			—			7			61		(9		)	(16		)	6		(17		)	171
Total Assets		$	3,911		$	(8	)	$	31		$	667	$	(306	)	$	(129	)	$	559	$	(297	)	$	4,428
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(262	)	$	(117	)	$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(412	)
	Equity Linked Notes	(26		)	(2		)	—			—		—			—			—		—			(28		)
Total Other Policyholder Funds and Benefits Payable		(288		)	(119		)	—			—		(33		)	—			—		—			(440		)
Total Liabilities		$	(288	)	$	(119	)	$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(440	)

[1] The Company classifies realized and unrealized gains (losses) on GMWB reinsurance derivatives and GMWB embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives.

[2] Amounts in these rows are generally reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.

[3] All amounts are before income taxes and amortization of DAC.

[4] Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.

[5] Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Condensed Consolidated Balance Sheets in other investments and other liabilities.

[6] Includes both market and non-market impacts in deriving realized and unrealized gains (losses).

[7] For additional information, see the Contingent Consideration section of Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

[8] Includes issuance of contingent consideration associated with the Lattice acquisition, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements for additional discussion.

29

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Changes in Unrealized Gains (Losses) Included in Net Income for Financial Instruments Classified as Level 3 Still Held at End of Period
		Three months ended June 30,						Six months ended June 30,
		2017 [1] [2]			2016 [1] [2]			2017 [1] [2]			2016 [1] [2]
Assets
Fixed Maturities, AFS
	CMBS	$	—		$	—		$	(1	)	$	(1	)
	Corporate	(12		)	(1		)	(12		)	(1		)
Total Fixed Maturities, AFS		(12		)	(1		)	(13		)	(2		)
Fixed Maturities, FVO		—			—			—			(1		)
Freestanding Derivatives, net
	Equity	(2		)	(4		)	(2		)	(15		)
	Interest rate	(2		)	(4		)	(2		)	(10		)
	GMWB hedging instruments	(6		)	15			(42		)	24
	Macro hedge program	2			(4		)	(6		)	(4		)
	Other Contracts	—			(1		)	—			(3		)
Total Freestanding Derivatives, net		(8		)	2			(52		)	(8		)
Reinsurance Recoverable for GMWB		(7		)	3			(23		)	16
Separate Accounts		—			—			1			—
Total Assets		$	(27	)	$	4		$	(87	)	$	5
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	40		$	(35	)	$	140		$	(117	)
	Equity Linked Notes	(1		)	(3		)	(4		)	(2		)
Total Other Policyholder Funds and Benefits Payable		39			(38		)	136			(119		)
Contingent Consideration [3]		(1		)	—			(2		)	—
Total Liabilities		$	38		$	(38	)	$	134		$	(119	)

[1] All amounts in these rows are reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.

[2] Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein.

[3] For additional information, see the Contingent Consideration section of Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

Fair Value Option

The Company has elected the fair value option for certain securities that contain embedded credit derivatives with underlying credit risk primarily related to residential real estate, and these securities are included within Fixed Maturities, FVO on the Condensed Consolidated Balance Sheets. The Company previously classified the underlying fixed maturities held in certain consolidated investment funds within Fixed Maturities, FVO. The Company reported the underlying fixed maturities of these consolidated investment companies at fair value with changes in the fair value of these securities recognized in net realized capital gains and losses, which is consistent with accounting requirements for investment companies.

The Company also previously elected the fair value option for certain equity securities in order to align the accounting with total return swap contracts that hedged the risk associated with the investments. The swaps did not qualify for hedge accounting and the change in value of both the equity securities and the total return swaps were recorded in net realized capital gains and losses. These equity securities were classified within equity

securities, AFS on the Condensed Consolidated Balance Sheets. Income earned from FVO securities was recorded in net investment income and changes in fair value were recorded in net realized capital gains and losses. The Company did not hold any of these equity securities as of June 30, 2017 or December 31, 2016.

30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Changes in Fair Value of Assets using Fair Value Option
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017			2016
Assets
Fixed maturities, FVO
Corporate	$	—	$	—	$	(1	)	$	—
Foreign government	—		—		—			(1		)
RMBS	—		4		1			5
Total fixed maturities, FVO	$	—	$	4	$	—		$	4
Equity, FVO	3		—		2			(34		)
Total realized capital gains (losses)	$	3	$	4	$	2		$	(30	)

Fair Value of Assets and Liabilities using the Fair Value Option
	June 30, 2017		December 31, 2016
Assets
Fixed maturities, FVO
ABS	$	—	$	7
CDOs	—		3
CMBS	—		8
Corporate	—		40
U.S government	—		7
RMBS	146		228
Total fixed maturities, FVO	$	146	$	293

Financial Assets and Liabilities Not Carried at Fair Value
	Fair Value Hierarchy Level	Carrying Amount		Fair Value
June 30, 2017
Assets
Policy loans	Level 3	$	1,433	$	1,433
Mortgage loans	Level 3	5,796		5,871
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,403	$	6,603
Senior notes [2]	Level 2	3,555		4,200
Junior subordinated debentures [2]	Level 2	1,582		1,756
Consumer notes [3] [4]	Level 3	10		10
Assumed investment contracts [3]	Level 3	514		541
December 31, 2016
Assets
Policy loans	Level 3	$	1,444	$	1,444
Mortgage loans	Level 3	5,697		5,721
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,714	$	6,906
Senior notes [2]	Level 2	3,969		4,487
Junior subordinated debentures [2]	Level 2	1,083		1,246
Consumer notes [3] [4]	Level 3	20		20
Assumed investment contracts [3]	Level 3	487		526

[1] Excludes guarantees on variable annuities, group accident and health and universal life insurance contracts, including corporate owned life insurance.

[2] Included in long-term debt in the Condensed Consolidated Balance Sheets, except for current maturities, which are included in short-term debt.

[3] Excludes amounts carried at fair value and included in preceding disclosures.

[4] Included in other liabilities in the Condensed Consolidated Balance Sheets.

Fair values for policy loans were determined using current loan coupon rates, which reflect the current rates available under the contracts. As a result, the fair value approximates the carrying value of the policy loans.

Fair values for mortgage loans were estimated using discounted cash flow calculations based on current lending rates for similar type loans. Current lending rates reflect changes in credit spreads and the remaining terms of the loans.

Fair values for other policyholder funds and benefits payable and assumed investment contracts, not carried at fair value, are estimated based on the cash surrender values of the underlying policies or by estimating future cash flows discounted at current interest rates adjusted for credit risk.

Fair values for senior notes and junior subordinated debentures are determined using the market approach based on reported trades, benchmark interest rates and issuer spread for the Company which may consider credit default swaps.

31

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. Fair Value Measurements (continued)

Fair values for consumer notes were estimated using discounted cash flow calculations using current interest rates adjusted for estimated loan durations.

32

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments

Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Gross gains on sales	$	140		$	124		$	252		$	214
Gross losses on sales	(31		)	(25		)	(106		)	(133		)
Net OTTI losses recognized in earnings	(14		)	(7		)	(15		)	(30		)
Valuation allowances on mortgage loans	2			—			2			—
Results of variable annuity hedge program
GMWB derivatives, net	20			3			38			(14		)
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total results of variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Transactional foreign currency revaluation	13			(87		)	—			(131		)
Non-qualifying foreign currency derivatives	(17		)	82			(6		)	121
Other, net [1]	—			(17		)	14			(95		)
Net realized capital gains (losses)	$	75		$	53		$	55		$	(102	)

[1] Includes non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives, of $(5) and $(23), respectively for the three months ended June 30, 2017 and 2016. For the six months ended June 30, 2017 and 2016, the non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives were $5 and $(60), respectively.

Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Before tax, net gains (and losses) on sales and impairments previously reported as unrealized gains (or losses) in AOCI were $95 and $131 for the three and six months endedJune 30, 2017, and $92 and $51 for the three and six months endedJune 30, 2016. Proceeds from sales of AFS securities totaled $6.3 billion and $13.0 billion for the three and six months endedJune 30, 2017, and $4.1 billion and $9.0 billion for the three and six months endedJune 30, 2016.

Recognition and Presentation of Other-Than-Temporary Impairments

The Company will record an other-than-temporary impairment (“OTTI”) for fixed maturities and certain equity securities with debt-like characteristics (collectively “debt securities”) if the Company intends to sell or it is more likely than not that the Company will be required to sell the security before a recovery in value. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and amortized cost basis of the security.

The Company will also record an OTTI for those debt securities for which the Company does not expect to recover the entire amortized cost basis. For these securities, the excess of the amortized cost basis over its fair value is separated into the portion representing a credit OTTI, which is recorded in net realized capital losses, and the remaining non-credit amount,

which is recorded in OCI. The credit OTTI amount is the excess of its amortized cost basis over the Company’s best estimate of discounted expected future cash flows. The non-credit amount is the excess of the best estimate of the discounted expected future cash flows over the fair value. The Company’s best estimate of discounted expected future cash flows becomes the new cost basis and accretes prospectively into net investment income over the estimated remaining life of the security.

The Company’s best estimate of expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company's considerations include, but are not limited to, (a) changes in the financial condition of the issuer and the underlying collateral, (b) whether the issuer is current on contractually obligated interest and principal payments, (c) credit ratings, (d) payment structure of the security and (e) the extent to which the fair value has been less than the amortized cost of the security.

For non-structured securities, assumptions include, but are not limited to, economic and industry-specific trends and fundamentals, security-specific developments, industry earnings multiples and the issuer’s ability to restructure and execute asset sales.

For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value ("LTV") ratios, average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines. These assumptions require the use of significant management judgment and include the probability of issuer default and estimates regarding timing and amount of expected recoveries which may include estimating the underlying collateral value.

The Company will also record an OTTI for equity securities where the decline in the fair value is deemed to be other-than-temporary. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and cost basis of the security. The previous cost basis less the impairment becomes the new cost basis. The Company’s evaluation and assumptions used to determine an equity OTTI include, but are not limited to, (a) the length of time and extent to which the fair value has been less than the cost of the security, (b) changes in the financial condition, credit rating and near-term prospects of the issuer, (c) whether the issuer is current on preferred stock dividends and (d) the intent and ability of the Company to retain the investment for a period of time sufficient to allow for recovery. For the remaining equity securities which are determined to be temporarily impaired, the Company asserts its intent and ability to retain those equity securities until the price recovers.

33

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

Impairments in Earnings by Type
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Credit impairments	$	13	$	5	$	14	$	23
Intent-to-sell impairments	—		1		—		3
Impairments on equity securities	1		1		1		4
Total impairments	$	14	$	7	$	15	$	30

Cumulative Credit Impairments
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Balance as of beginning of period	$	(260	)	$	(336	)	$	(280	)	$	(324	)
Additions for credit impairments recognized on [1]:
Securities not previously impaired	—			(4		)	(1		)	(21		)
Securities previously impaired	(13		)	(1		)	(13		)	(2		)
Reductions for credit impairments previously recognized on:
Securities that matured or were sold during the period	29			35			41			36
Securities due to an increase in expected cash flows	8			13			17			18
Balance as of end of period	$	(236	)	$	(293	)	$	(236	)	$	(293	)

[1] These additions are included in the net OTTI losses recognized in earnings in the Condensed Consolidated Statements of Operations.

34

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

Available-for-Sale Securities

AFS Securities by Type
	June 30, 2017												December 31, 2016
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]			Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]
ABS	$	2,350	$	21	$	(17	)	$	2,354	$	—		$	2,396	$	17	$	(31	)	$	2,382	$	—
CDOs	2,427		33		(3		)	2,457		—			1,853		67		(4		)	1,916		—
CMBS	5,085		127		(39		)	5,173		(7		)	4,907		97		(68		)	4,936		(6		)
Corporate	24,307		1,842		(105		)	26,044		—			24,380		1,510		(224		)	25,666		—
Foreign govt./govt. agencies	1,249		56		(8		)	1,297		—			1,164		33		(26		)	1,171		—
Municipal	11,461		852		(29		)	12,284		—			10,825		732		(71		)	11,486		—
RMBS	4,131		95		(7		)	4,219		—			4,738		66		(37		)	4,767		—
U.S. Treasuries	3,790		235		(19		)	4,006		—			3,542		182		(45		)	3,679		—
Total fixed maturities, AFS	$	54,800	$	3,261	$	(227	)	$	57,834	$	(7	)	$	53,805	$	2,704	$	(506	)	$	56,003	$	(6	)
Equity securities, AFS	964		111		(20		)	1,055		—			1,020		96		(19		)	1,097		—
Total AFS securities	$	55,764	$	3,372	$	(247	)	$	58,889	$	(7	)	$	54,825	$	2,800	$	(525	)	$	57,100	$	(6	)

[1] Represents the amount of cumulative non-credit OTTI losses recognized in OCI on securities that also had credit impairments. These losses are included in gross unrealized losses as of June 30, 2017, and December 31, 2016.

Fixed maturities, AFS, by Contractual Maturity Year
	June 30, 2017				December 31, 2016
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	2,113	$	2,132	$	1,896	$	1,912
Over one year through five years	8,954		9,224		9,015		9,289
Over five years through ten years	9,282		9,627		9,038		9,245
Over ten years	20,458		22,648		19,962		21,556
Subtotal	40,807		43,631		39,911		42,002
Mortgage-backed and asset-backed securities	13,993		14,203		13,894		14,001
Total fixed maturities, AFS	$	54,800	$	57,834	$	53,805	$	56,003

Estimated maturities may differ from contractual maturities due to security call or prepayment provisions. Due to the potential for variability in payment speeds (i.e. prepayments or extensions), mortgage-backed and asset-backed securities are not categorized by contractual maturity.

Concentration of Credit Risk

The Company aims to maintain a diversified investment portfolio including issuer, sector and geographic stratification, where

applicable, and has established certain exposure limits, diversification standards and review procedures to mitigate credit risk. The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholders' equity, other than the U.S. government and certain U.S. government agencies as of June 30, 2017 and December 31, 2016.

35

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

Unrealized Losses on AFS Securities

Unrealized Loss Aging for AFS Securities by Type and Length of Time as of June 30, 2017
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	637	$	636	$	(1	)	$	229	$	213	$	(16	)	$	866	$	849	$	(17	)
CDOs	1,432		1,430		(2		)	184		183		(1		)	1,616		1,613		(3		)
CMBS	1,438		1,412		(26		)	157		144		(13		)	1,595		1,556		(39		)
Corporate	3,442		3,381		(61		)	1,085		1,041		(44		)	4,527		4,422		(105		)
Foreign govt./govt. agencies	270		266		(4		)	53		49		(4		)	323		315		(8		)
Municipal	960		932		(28		)	8		7		(1		)	968		939		(29		)
RMBS	635		630		(5		)	156		154		(2		)	791		784		(7		)
U.S. Treasuries	1,744		1,725		(19		)	—		—		—			1,744		1,725		(19		)
Total fixed maturities, AFS	$	10,558	$	10,412	$	(146	)	$	1,872	$	1,791	$	(81	)	$	12,430	$	12,203	$	(227	)
Equity securities, AFS	190		173		(17		)	25		22		(3		)	215		195		(20		)
Total securities in an unrealized loss position	$	10,748	$	10,585	$	(163	)	$	1,897	$	1,813	$	(84	)	$	12,645	$	12,398	$	(247	)

Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2016
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	582	$	579	$	(3	)	$	368	$	340	$	(28	)	$	950	$	919	$	(31	)
CDOs	641		640		(1		)	370		367		(3		)	1,011		1,007		(4		)
CMBS	2,076		2,027		(49		)	293		274		(19		)	2,369		2,301		(68		)
Corporate	5,418		5,248		(170		)	835		781		(54		)	6,253		6,029		(224		)
Foreign govt./govt. agencies	573		550		(23		)	27		24		(3		)	600		574		(26		)
Municipal	1,567		1,498		(69		)	43		41		(2		)	1,610		1,539		(71		)
RMBS	1,655		1,624		(31		)	591		585		(6		)	2,246		2,209		(37		)
U.S. Treasuries	1,432		1,387		(45		)	—		—		—			1,432		1,387		(45		)
Total fixed maturities, AFS	$	13,944	$	13,553	$	(391	)	$	2,527	$	2,412	$	(115	)	$	16,471	$	15,965	$	(506	)
Equity securities, AFS	330		315		(15		)	38		34		(4		)	368		349		(19		)
Total securities in an unrealized loss position	$	14,274	$	13,868	$	(406	)	$	2,565	$	2,446	$	(119	)	$	16,839	$	16,314	$	(525	)

As of June 30, 2017, AFS securities in an unrealized loss position consisted of 2,788 securities, primarily in the corporate sector, which were depressed primarily due to an increase in interest rates and/or widening of credit spreads since the securities were purchased. As of June 30, 2017, 94% of these securities were depressed less than 20% of amortized cost. The decrease in unrealized losses during the first half of 2017 was primarily attributable to tighter credit spreads and a decrease in long-term interest rates.

Most of the securities depressed for twelve months or more relate to corporate securities primarily in the energy-related and financial services sectors, student loan ABS and structured securities with exposure to commercial real estate. Corporate

financial services securities and student loan ABS were primarily depressed because the securities have floating-rate coupons and have long-dated maturities, and current credit spreads are wider than when these securities were purchased. Corporate securities within the energy sector are in an unrealized loss position primarily due to a lower level of oil prices. For certain commercial real estate securities, current spreads are wider than market spreads at the securities' respective purchase dates. The Company neither has an intention to sell nor does it expect to be required to sell the securities outlined in the preceding discussion.

36

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

Mortgage Loans

Mortgage Loan Valuation Allowances

Commercial mortgage loans are considered to be impaired when management estimates that, based upon current information and events, it is probable that the Company will be unable to collect amounts due according to the contractual terms of the loan agreement. The Company reviews mortgage loans on a quarterly basis to identify potential credit losses. Among other factors, management reviews current and projected macroeconomic trends, such as unemployment rates and property-specific factors such as rental rates, occupancy levels, LTV ratios and debt service coverage ratios (“DSCR”). In addition, the Company considers historical, current and projected delinquency rates and property values. Estimates of collectibility require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates. In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates.

For mortgage loans that are deemed impaired, a valuation allowance is established for the difference between the carrying amount and estimated fair value. The mortgage loan's estimated fair value is most frequently the Company's share of the fair value of the collateral but may also be the Company’s share of either (a) the present value of the expected future cash flows discounted at the loan’s effective interest rate or (b) the loan’s observable market price. A valuation allowance may be recorded for an individual loan or for a group of loans that have an LTV ratio of 90% or greater, a low DSCR or have other lower credit quality characteristics. Changes in valuation allowances are recorded in net realized capital gains and losses. Interest income on impaired loans is accrued to the extent it is deemed collectible and the borrowers continue to make payments under the original or restructured loan terms. The Company stops accruing interest income on loans when it is probable that the Company will not receive interest and principal payments according to the contractual terms of the loan agreement. The Company resumes accruing interest income when it determines that sufficient collateral exists to satisfy the full amount of the loan principal and interest payments and when it is probable cash will be received in the foreseeable future. Interest income on defaulted loans is recognized when received.

As of June 30, 2017, commercial mortgage loans had an amortized cost of $5.8 billion, with a valuation allowance of $1 and a carrying value of $5.8 billion. As of December 31, 2016, commercial mortgage loans had an amortized cost of $5.7 billion, with a valuation allowance of $19 and a carrying value of $5.7 billion.

As of June 30, 2017 and December 31, 2016, the carrying value of mortgage loans that had a valuation allowance was $29 and $31, respectively. There were no mortgage loans held-for-sale as of June 30, 2017 or December 31, 2016. As of June 30, 2017, the Company had an immaterial amount of mortgage loans that have had extensions or restructurings other than what is allowable under the original terms of the contract.

The following table presents the activity within the Company’s valuation allowance for mortgage loans. These loans have been evaluated both individually and collectively for impairment. Loans evaluated collectively for impairment are immaterial.

Valuation Allowance Activity
	2017			2016
Balance, as of January 1	$	(19	)	$	(23	)
(Additions)/Reversals	(1		)	—
Deductions	19			4
Balance, as of June 30	$	(1	)	$	(19	)

The weighted-average LTV ratio of the Company’s commercial mortgage loan portfolio was 50% as of June 30, 2017, while the weighted-average LTV ratio at origination of these loans was 62%. LTV ratios compare the loan amount to the value of the underlying property collateralizing the loan. The loan collateral values are updated no less than annually through reviews of the underlying properties. Factors considered in estimating property values include, among other things, actual and expected property cash flows, geographic market data and the ratio of the property's net operating income to its value. DSCR compares a property’s net operating income to the borrower’s principal and interest payments. As of June 30, 2017, the Company held zero delinquent commercial mortgage loans past due by 90 days or more. As of December 31, 2016, the Company held one delinquent commercial mortgage loan past due by 90 days or more. The loan had a total carrying value and valuation allowance of $15 and $16, respectively, and was not accruing income. Following the conclusion of the loan's foreclosure process, the property transferred at its carrying value, net of the valuation allowance, to a real-estate owned investment during 2017.

Commercial Mortgage Loans Credit Quality
	June 30, 2017			December 31, 2016
Loan-to-value	Carrying Value		Avg. Debt-Service Coverage Ratio	Carrying Value		Avg. Debt-Service Coverage Ratio
Greater than 80%	$	5	1.36x	$	20	0.59x
65% - 80%	416		2.23x	568		2.17x
Less than 65%	5,375		2.73x	5,109		2.78x
Total commercial mortgage loans	$	5,796	2.69x	$	5,697	2.70x

37

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

Mortgage Loans by Region
	June 30, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
East North Central	$	293	5.1	%	$	293	5.1	%
East South Central	14		0.2	%	14		0.2	%
Middle Atlantic	544		9.4	%	534		9.4	%
Mountain	76		1.3	%	61		1.1	%
New England	388		6.7	%	345		6.1	%
Pacific	1,671		28.8	%	1,609		28.3	%
South Atlantic	1,265		21.8	%	1,198		21.0	%
West North Central	40		0.7	%	40		0.7	%
West South Central	347		6.0	%	338		5.9	%
Other [1]	1,158		20.0	%	1,265		22.2	%
Total mortgage loans	$	5,796	100.0	%	$	5,697	100.0	%

[1] Primarily represents loans collateralized by multiple properties in various regions.

Mortgage Loans by Property Type
	June 30, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
Commercial
Agricultural	$	4	0.1	%	$	16	0.3	%
Industrial	1,439		24.8	%	1,468		25.7	%
Lodging	25		0.4	%	25		0.4	%
Multifamily	1,504		25.9	%	1,365		24.0	%
Office	1,389		24.0	%	1,361		23.9	%
Retail	1,000		17.3	%	1,036		18.2	%
Other	435		7.5	%	426		7.5	%
Total mortgage loans	$	5,796	100.0	%	$	5,697	100.0	%

Mortgage Servicing

The Company originates, sells and services commercial mortgage loans on behalf of third parties and recognizes servicing fee income over the period that services are performed. As of June 30, 2017, under this program, the Company serviced commercial mortgage loans with a total outstanding principal of $1.1 billion, of which $310 was serviced on behalf of third parties and $783 was retained and reported on the Company’s Condensed Consolidated Balance Sheets, including $141 in separate account assets. As of December 31, 2016, the Company serviced commercial mortgage loans with a total outstanding principal balance of $901, of which $251 was serviced on behalf of third parties and $650 was retained and reported as assets on the Company’s Condensed Consolidated Balance Sheets, including $124 in separate account assets. Servicing rights are carried at the lower of cost or fair value and were zero as of June 30, 2017 and December 31, 2016, because servicing fees

were market-level fees at origination and remain adequate to compensate the Company for servicing the loans.

Variable Interest Entities

The Company is engaged with various special purpose entities and other entities that are deemed to be VIEs primarily as an investor through normal investment activities but also as an investment manager and previously as a means of accessing capital through a contingent capital facility ("facility").

A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of its VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in the Company’s Condensed Consolidated Financial Statements.

Consolidated VIEs

As of June 30, 2017, the Company did not hold any securities for which it is the primary beneficiary. As of December 31, 2016, the Company held one CDO for which it was the primary beneficiary. The CDO represented a structured investment vehicle for which the Company had a controlling financial interest. As of December 31, 2016 the Company held total CDO assets of $5 included in cash with an associated liability of $5 included in other liabilities on the Company's Condensed Consolidated Balance Sheets. The Company did not have any additional exposure to loss associated with this investment.

Non-Consolidated VIEs

The Company, through normal investment activities, makes passive investments in limited partnerships and other alternative investments. For these non-consolidated VIEs, the Company has determined it is not the primary beneficiary as it has no ability to direct activities that could significantly affect the economic performance of the investments. The Company’s maximum exposure to loss as of June 30, 2017 and December 31, 2016 was limited to the total carrying value of $1.7 billion which are included in limited partnerships and other alternative investments in the Company's Condensed Consolidated Balance Sheets. As of June 30, 2017 and December 31, 2016, the Company has outstanding commitments totaling $1.1 billion and $1.2 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses. These investments are generally of a passive nature in that the Company does not take an active role in management. For further discussion of these investments, see Equity Method Investments within Note 6 - Investments of Notes to Consolidated Financial Statements

38

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

included in the Company’s 2016 Form 10-K Annual Report.

In addition, the Company also makes passive investments in structured securities issued by VIEs for which the Company is not the manager and, therefore, does not consolidate. These investments are included in ABS, CDOs, CMBS and RMBS in the Available-for-Sale Securities table and fixed maturities, FVO, in the Company’s Condensed Consolidated Balance Sheets. The Company has not provided financial or other support with respect to these investments other than its original investment. For these investments, the Company determined it is not the primary beneficiary due to the relative size of the Company’s investment in comparison to the principal amount of the structured securities issued by the VIEs, the level of credit subordination which reduces the Company’s obligation to absorb losses or right to receive benefits and the Company’s inability to direct the activities that most significantly impact the economic performance of the VIEs. The Company’s maximum exposure to loss on these investments is limited to the amount of the Company’s investment.

As of December 31, 2016, the Company held a significant variable interest in a VIE for which it is not the primary beneficiary. This VIE represented a facility that was held by the Company since February 2007. Assets and liabilities recorded for the contingent capital facility were $1 and $3, respectively, as of December 31, 2016, as well as a maximum exposure to loss of $3. The Company did not have a controlling financial interest and as such, did not consolidate its variable interest in the facility. In February, the Company exercised its put option under the facility to issue debt and the Company no longer holds an interest in the facility. For further information on the facility, see Note 10 - Debt of Notes to Condensed Consolidated Financial Statements.

Securities Lending, Repurchase Agreements and Other Collateral Transactions

The Company enters into securities financing transactions as a way to earn additional income or manage liquidity, primarily through securities lending and repurchase agreements.

Securities Lending

Under a securities lending program, the Company lends certain fixed maturities within the corporate, foreign government/government agencies, and municipal sectors as well as equity securities to qualifying third-party borrowers in return for collateral in the form of cash or securities. For domestic and non-domestic loaned securities, respectively, borrowers provide collateral of 102% and 105% of the fair value of the securities lent at the time of the loan. Borrowers will return the securities to the Company for cash or securities collateral at maturity dates generally of 90 days or less. Security collateral on deposit from counterparties in connection with securities lending transactions may not be sold or re-pledged, except in the event of default by the counterparty, and is not reflected on the Company’s Condensed Consolidated Balance Sheets. Additional collateral is obtained if the fair value of the collateral falls below 100% of the fair value of the loaned securities. The agreements provide the counterparty the right to sell or re-pledge the securities loaned. If

cash, rather than securities, is received as collateral, the cash is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. Income associated with securities lending transactions is reported as a component of net investment income in the Company’s Condensed Consolidated Statements of Operations.

Repurchase Agreements

From time to time, the Company enters into repurchase agreements to manage liquidity or to earn incremental income. A repurchase agreement is a transaction in which one party (transferor) agrees to sell securities to another party (transferee) in return for cash (or securities), with a simultaneous agreement to repurchase the same securities at a specified price at a later date. These transactions generally have a contractual maturity of ninety days or less. Repurchase agreements include master netting provisions that provide both counterparties the right to offset claims and apply securities held by them with respect to their obligations in the event of a default. Although the Company has the contractual right to offset claims, the Company's current positions do not meet the specific conditions for net presentation.

Under repurchase agreements, the Company transfers collateral of U.S. government and government agency securities and receives cash. For repurchase agreements, the Company obtains cash in an amount equal to at least 95% of the fair value of the securities transferred. The agreements require additional collateral to be transferred when necessary and provide the counterparty the right to sell or re-pledge the securities transferred. The cash received from the repurchase program is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. The Company accounts for the repurchase agreements as collateralized borrowings. The securities transferred under repurchase agreements are included in fixed maturities, AFS with the obligation to repurchase those securities recorded in other liabilities on the Company's Condensed Consolidated Balance Sheets.

Under reverse repurchase agreements, the Company purchases securities and simultaneously agrees to resell the same or substantially the same securities. The agreements require additional collateral to be transferred to the Company when necessary and the Company has the right to sell or re-pledge the securities received. The Company accounts for reverse repurchase agreements as collateralized financing.

39

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

6. Investments (continued)

Securities Lending and Repurchase Agreements
	June 30, 2017		December 31, 2016
	Fair Value		Fair Value
Securities Lending Transactions:
Gross amount of securities on loan	$	1,512	$	488
Gross amount of associated liability for collateral received [1]	1,549		500
Repurchase agreements:
Gross amount of recognized liabilities for repurchase agreements	517		241
Gross amount of collateral pledged related to repurchase agreements [2]	527		248
Gross amount of recognized receivables for reverse repurchase agreements [3]	37		—

[1] Cash collateral received is reinvested in fixed maturities, AFS and short term investments which are included in the Condensed Consolidated Balance Sheets. Amount includes additional securities collateral received of $28 and $39 million which are excluded from the Company's Condensed Consolidated Balance Sheets as of June 30, 2017 and December 31, 2016, respectively.

[2] Collateral pledged is included within fixed maturities, AFS and short term investments in the Company's Condensed Consolidated Balance Sheets.

[3] Collateral received is included within short term investments in the Company's Condensed Consolidated Balance Sheets.

Other Collateral Transactions

The Company is required by law to deposit securities with government agencies in certain states in which it conducts business. As of June 30, 2017 and December 31, 2016, the fair value of securities on deposit was $2.6 billion and $2.5 billion, respectively.

As of June 30, 2017 and December 31, 2016, the Company has pledged collateral of $103 and $102, respectively, of U.S. government securities and government agency securities or cash primarily related to certain bank loan participations committed to through a limited partnership agreement. These amounts also include collateral related to letters of credit.

For disclosure of collateral in support of derivative transactions, refer to the Derivative Collateral Arrangements section of Note 7 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements.

40

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments

The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as free-standing derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as GMWB riders included with certain variable annuity products.

Strategies that Qualify for Hedge Accounting

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Non-qualifying Strategies

Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include:

Interest Rate Swaps, Swaptions and Futures

The Company uses interest rate swaps, swaptions, and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of June 30, 2017 and December 31, 2016, the notional amount of interest rate swaps in offsetting relationships was $10.2 billion and $10.6 billion, respectively.

Foreign Currency Swaps and Forwards

The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company previously entered into foreign currency forwards to hedge currency impacts on changes in equity of the U.K. property and casualty run-off subsidiaries that were sold in May 2017. For further information on the disposition, see Note 2 - Business Acquisitions and Dispositions of Notes to Consolidated Financial Statements. The Company also previously entered into foreign currency forwards to hedge non-U.S. dollar denominated cash and equity securities.

Fixed Payout Annuity Hedge

The Company has obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company invests in U.S. dollar denominated assets to support the assumed reinsurance liability. The Company has in place pay U.S. dollar, receive yen swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments.

Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward.

41

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

Equity Index Swaps and Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. The Company previously entered into total return swaps to hedge equity risk of specific common stock investments which are accounted for using fair value option in order to align the accounting treatment within net realized capital gains (losses). In addition, the Company formerly offered certain equity indexed products that remain in force, a portion of which contain embedded derivatives that require changes in value to be bifurcated from the host contract. The Company uses equity index swaps to economically hedge the equity volatility risk associated with the equity indexed products.

GMWB Derivatives, net

The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer a portion of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as free-standing derivatives with a notional amount equal to the GRB reinsured.

The Company utilizes derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the non-reinsured GMWB riders. The GMWB hedging instruments hedge changes in interest rates, equity market levels, and equity volatility. These derivatives include customized swaps, interest rate swaps and futures, and equity swaps, options and futures, on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.

GMWB Hedging Instruments
	Notional Amount				Fair Value
	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Customized swaps	$	5,102	$	5,191	$	74		$	100
Equity swaps, options, and futures	1,383		1,362		(35		)	(27		)
Interest rate swaps and futures	2,999		3,703		46			21
Total	$	9,484	$	10,256	$	85		$	94

Macro Hedge Program

The Company utilizes equity swaps, options, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and guaranteed minimum death benefit ("GMDB") liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Contingent Capital Facility Put Option

The Company previously entered into a put option agreement that provided the Company the right to require a third-party trust to purchase, at any time, The Hartford’s junior subordinated notes in a maximum aggregate principal amount of $500. On February 8, 2017, The Hartford exercised the put option resulting in the issuance of $500 in junior subordinated notes with proceeds received on February 15, 2017. Under the put option agreement, The Hartford had been paying premiums on a periodic basis and had agreed to reimburse the trust for certain fees and ordinary expenses. For further information on the put option agreement, see the Contingent Capital Facility section within Note 13 - Debt of Notes to Consolidated Financial Statements, included in The Hartford's 2016 Form 10-K Annual Report.

Modified Coinsurance Reinsurance Contracts

As of June 30, 2017, and December 31, 2016, the Company had $889 and $875, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The Company has also elected to offset within assets or liabilities OTC-cleared derivative instruments based on clearing house agreements. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivative fair value reported as liabilities after taking into account the master netting agreements was $780 and $963 as of June 30, 2017, and December 31, 2016, respectively. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily

42

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value

Measurements of Notes to the Condensed Consolidated Financial Statements.

Derivative Balance Sheet Presentation
	Net Derivatives										Asset Derivatives				Liability Derivatives
	Notional Amount				Fair Value						Fair Value				Fair Value
Hedge Designation/ Derivative Type	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016			Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Cash flow hedges
Interest rate swaps	$	3,873	$	3,440	$	(1	)	$	(79	)	$	82	$	11	$	(83	)	$	(90	)
Foreign currency swaps	299		239		(15		)	(15		)	7		11		(22		)	(26		)
Total cash flow hedges	4,172		3,679		(16		)	(94		)	89		22		(105		)	(116		)
Non-qualifying strategies
Interest rate contracts
Interest rate swaps, swaptions, and futures	10,882		11,743		(485		)	(890		)	643		264		(1,128		)	(1,154		)
Foreign exchange contracts
Foreign currency swaps and forwards	165		1,064		—			68			—		70		—			(2		)
Fixed payout annuity hedge	804		804		(252		)	(263		)	—		—		(252		)	(263		)
Credit contracts
Credit derivatives that purchase credit protection	115		209		(3		)	(4		)	—		—		(3		)	(4		)
Credit derivatives that assume credit risk [1]	1,654		1,309		2			10			29		15		(27		)	(5		)
Credit derivatives in offsetting positions	1,934		3,317		3			(1		)	29		39		(26		)	(40		)
Equity contracts
Equity index swaps and options	321		105		3			—			40		33		(37		)	(33		)
Variable annuity hedge program
GMWB product derivatives [2]	12,178		13,114		(134		)	(241		)	—		—		(134		)	(241		)
GMWB reinsurance contracts	2,527		2,709		57			73			57		73		—			—
GMWB hedging instruments	9,484		10,256		85			94			150		190		(65		)	(96		)
Macro hedge program	6,885		6,532		168			178			182		201		(14		)	(23		)
Other
Contingent capital facility put option	—		500		—			1			—		1		—			—
Modified coinsurance reinsurance contracts	889		875		58			68			58		68		—			—
Total non-qualifying strategies	47,838		52,537		(498		)	(907		)	1,188		954		(1,686		)	(1,861		)
Total cash flow hedges, fair value hedges, and non-qualifying strategies	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)
Balance Sheet Location
Fixed maturities, available-for-sale	$	155	$	322	$	—		$	1		$	—	$	1	$	—		$	—
Other investments	7,534		23,620		151			(180		)	171		377		(20		)	(557		)
Other liabilities	28,677		15,526		(609		)	(689		)	991		457		(1,600		)	(1,146		)
Reinsurance recoverables	3,416		3,584		115			141			115		141		—			—
Other policyholder funds and benefits payable	12,228		13,164		(171		)	(274		)	—		—		(171		)	(274		)
Total derivatives	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)

[1] The derivative instruments related to this strategy are held for other investment purposes.

[2] These derivatives are embedded within liabilities and are not held for risk management purposes.

Offsetting of Derivative Assets/Liabilities

The following tables present the gross fair value amounts, the amounts offset, and net position of derivative instruments eligible

for offset in the Company's Condensed Consolidated Balance Sheets. Amounts offset include fair value amounts, income accruals and related cash collateral receivables and payables associated with derivative instruments that are traded under a common master netting agreement, as described in the preceding

43

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

discussion. Also included in the tables are financial collateral receivables and payables, which are contractually permitted to be offset upon an event of default, although are disallowed for offsetting under U.S. GAAP.

Offsetting Derivative Assets and Liabilities
	(i)			(ii)			(iii) = (i) - (ii)						(iv)				(v) = (iii) - (iv)
							Net Amounts Presented in the Statement of Financial Position							Collateral Disallowed for Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Derivative Assets [1] (Liabilities) [2]			Accrued Interest and Cash Collateral (Received) [3] Pledged [2]				Financial Collateral (Received) Pledged [4]			Net Amount
As of June 30, 2017
Other investments	$	1,162		$	1,085		$	151		$	(74	)		$	41		$	36
Other liabilities	$	(1,620	)	$	(781	)	$	(609	)	$	(230	)		$	(827	)	$	(12	)
As of December 31, 2016
Other investments	$	834		$	670		$	(180	)	$	344			$	103		$	61
Other liabilities	$	(1,703	)	$	(884	)	$	(689	)	$	(130	)		$	(763	)	$	(56	)

[1] Included in other investments in the Company's Condensed Consolidated Balance Sheets.

[2] Included in other liabilities in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty.

[3] Included in other investments in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty.

[4] Excludes collateral associated with exchange-traded derivative instruments.

Cash Flow Hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge ineffectiveness are recognized in current period earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

44

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

Derivatives in Cash Flow Hedging Relationships
	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)
	Three Months Ended June 30,						Six months ended June 30,
	2017			2016			2017		2016
Interest rate swaps	$	21		$	40		$	14	$	146
Foreign currency swaps	(1		)	—			—		1
Total	$	20		$	40		$	14	$	147
	Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)
	Three Months Ended June 30,						Six Months Ended June 30, 2017
	2017			2016			2017		2016
Interest rate swaps
Net realized  capital gain/(loss)	$	—		$	2		$	4	$	7
Net investment income	16			15			32		30
Foreign currency swaps
Net realized  capital gain/(loss)	5			(2		)	6		2
Total	$	21		$	15		$	42	$	39

During the three and six months endedJune 30, 2017, and June 30, 2016, the Company had no ineffectiveness recognized in income within net realized capital gains (losses).

As of June 30, 2017, the before-tax deferred net gains on derivative instruments recorded in AOCI that are expected to be

reclassified to earnings during the next twelve months are $39. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities that will occur over the next twelve months, at which time the Company will recognize the deferred net gains (losses) as an adjustment to net investment income over the term of the investment cash flows. The maximum term over which the Company is hedging its exposure to the variability of future cash flows for forecasted transactions, excluding interest payments on existing variable-rate financial instruments, is less than one year.

During the three and six months endedJune 30, 2017, and June 30, 2016, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.

Fair Value Hedges

For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivatives as well as the offsetting loss or gain on the hedged items attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the derivative in the same line item as the offsetting loss or gain on the hedged item. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

For the three and six months endedJune 30, 2017, the Company did not hold any fair value hedges. For the three and six months endedJune 30, 2016, the Company recognized in income immaterial gains and (losses) for the ineffective portion of fair value hedges related to the derivative instrument and the hedged item.

Non-Qualifying Strategies

For non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized capital gains (losses).

45

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

Non-Qualifying Strategies Recognized within Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Variable annuity hedge program
GMWB product derivatives	$	39		$	(30	)	$	140		$	(109	)
GMWB reinsurance contracts	(6		)	1			(24		)	13
GMWB hedging instruments	(13		)	32			(78		)	82
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Foreign exchange contracts
Foreign currency swaps and forwards	(7		)	22			(17		)	25
Fixed payout annuity hedge	(10		)	60			11			96
Total foreign exchange contracts	(17		)	82			(6		)	121
Other non-qualifying derivatives
Interest rate contracts
Interest rate swaps, swaptions, and futures	(1		)	4			6			(20		)
Credit contracts
Credit derivatives that purchase credit protection	41			(2		)	30			(7		)
Credit derivatives that assume credit risk	(33		)	6			(16		)	4
Equity contracts
Equity index swaps and options	(4		)	(5		)	(4		)	13
Other
Contingent capital facility put option	—			(1		)	(1		)	(3		)
Modified coinsurance reinsurance contracts	(8		)	(25		)	(10		)	(47		)
Total other non-qualifying derivatives	(5		)	(23		)	5			(60		)
Total [1]	$	(40	)	$	42		$	(87	)	$	13

[1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements.

Credit Risk Assumed through Credit Derivatives

The Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The Company will receive periodic payments based on an agreed upon rate and notional amount and will only make a payment if there is a credit event. A credit event payment will typically be equal to the notional value of the swap contract less the value of the referenced security

issuer’s debt obligation after the occurrence of the credit event. A credit event is generally defined as a default on contractually obligated interest or principal payments or bankruptcy of the referenced entity. The credit default swaps in which the Company assumes credit risk primarily reference investment grade single corporate issuers and baskets, which include standard diversified portfolios of corporate and CMBS issuers. The diversified portfolios of corporate issuers are established within sector concentration limits and may be divided into tranches that possess different credit ratings.

46

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

Credit Derivatives by Type
							Underlying Referenced Credit Obligation(s) [1]
	Notional Amount [2]		Fair Value			Weighted Average Years to Maturity	Type	Average Credit Rating	Offsetting Notional Amount [3]		Offsetting Fair Value [3]
As of June 30, 2017
Single name credit default swaps
Investment grade risk exposure	$	204	$	4		5 years	Corporate Credit/ Foreign Gov.	A-	$	15	$	—
Below investment grade risk exposure	52		—			1 year	Corporate Credit	B-	52		—
Basket credit default swaps [4]
Investment grade risk exposure	2,054		5			4 years	Corporate Credit	BBB+	719		(5		)
Below investment grade risk exposure	50		4			4 years	Corporate Credit	B+	50		—
Investment grade risk exposure	174		(3		)	5 years	CMBS Credit	AA-	44		1
Below investment grade risk exposure	87		(16		)	Less than 1 year	CMBS Credit	CCC	87		15
Total [5]	$	2,621	$	(6	)				$	967	$	11
As of December 31, 2016
Single name credit default swaps
Investment grade risk exposure	$	169	$	—		4 years	Corporate Credit/ Foreign Gov.	A-	$	50	$	—
Below investment grade risk exposure	77		—			1 year	Corporate Credit	B+	77		—
Basket credit default swaps [4]
Investment grade risk exposure	2,065		22			3 years	Corporate Credit	BBB+	1,204		(10		)
Below investment grade risk exposure	50		3			4 years	Corporate Credit	B	50		(3		)
Investment grade risk exposure	297		(5		)	4 years	CMBS Credit	AA	167		1
Below investment grade risk exposure	110		(26		)	1 year	CMBS Credit	CCC	111		26
Embedded credit derivatives
Investment grade risk exposure	200		201			Less than 1 year	Corporate Credit	A+	—		—
Total [5]	$	2,968	$	195					$	1,659	$	14

[1] The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, Fitch and Morningstar. If no rating is available from a rating agency, then an internally developed rating is used.

[2] Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements, clearing house rules and applicable law, which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses.

[3] The Company has entered into offsetting credit default swaps to terminate certain existing credit default swaps, thereby offsetting the future changes in value of, or losses paid related to, the original swap.

[4] Includes $2.4 billion and $2.5 billion as of June 30, 2017, and December 31, 2016, respectively, of notional amount on swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index.

[5] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements.

Derivative Collateral Arrangements

The Company enters into various collateral arrangements in connection with its derivative instruments, which require both the pledging and accepting of collateral. As of June 30, 2017, and December 31, 2016, the Company pledged cash collateral associated with derivative instruments with a fair value of $19 and $623, respectively, for which the collateral receivable has been primarily included within other investments on the Company's Condensed Consolidated Balance Sheets. As of

June 30, 2017, and December 31, 2016, the Company also pledged securities collateral associated with derivative instruments with a fair value of $893 and $1.1 billion, respectively, which have been included in fixed maturities on the Condensed Consolidated Balance Sheets. The counterparties have the right to sell or re-pledge these securities.

As of June 30, 2017, and December 31, 2016, the Company accepted cash collateral associated with derivative instruments of $424 and $387, respectively, which was invested and recorded in the Company's Condensed Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding

47

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. Derivative Instruments (continued)

amounts recorded in other liabilities. The Company also accepted securities collateral as of June 30, 2017, and December 31, 2016, with a fair value of $46 and $109, respectively, of which the Company has the ability to sell or repledge $18 and $81, respectively. As of June 30, 2017, and December 31, 2016, the Company had no repledged securities and did not sell any securities. In addition, as of June 30, 2017, and December 31, 2016, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Condensed Consolidated Balance Sheets.

48

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

8. Reserve for Unpaid Losses and Loss Adjustment Expenses

Property and Casualty Insurance Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017		2016
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	21,833	$	21,825
Reinsurance and other recoverables	2,776		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	19,057		18,943
Provision for unpaid losses and loss adjustment expenses
Current accident year	3,563		3,447
Prior accident year development	2		384
Total provision for unpaid losses and loss adjustment expenses	3,565		3,831
Less: payments
Current accident year	1,009		1,066
Prior accident years	2,292		2,550
Total payments	3,301		3,616
Ending liabilities for unpaid losses and loss adjustment expenses, net	19,321		19,158
Reinsurance and other recoverables [1]	2,809		2,746
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	22,130	$	21,904

[1] Includes reinsurance recoverables of $2,350 and $2,461 for the six months ended June 30, 2017 and 2016, respectively.

(Favorable) Unfavorable Prior Accident Year Development

	For the six months ended June 30,
	2017			2016
Workers’ compensation	$	(20	)	$	(83	)
Workers’ compensation discount accretion	16			14
General liability	10			66
Package business	—			52
Commercial property	(6		)	(3		)
Professional liability	—			(33		)
Bond	(10		)	(6		)
Automobile liability - Commercial Lines	20			1
Automobile liability - Personal Lines	—			140
Homeowners	—			(5		)
Net asbestos reserves	—			197
Net environmental reserves	—			71
Catastrophes	(13		)	(5		)
Uncollectible reinsurance	—			(30		)
Other reserve re-estimates, net	5			8
Total prior accident year development	$	2		$	384

Re-estimates of prior accident year reserves for the six months endedJune 30, 2017

Workers’ compensation reservesin Small Commercial were reduced given the continued emergence of favorable frequency for accident years 2013 to 2015. Management has placed additional weight on this favorable experience as it becomes more credible.

General liability reserves were increased for the 2013 to 2016 accident years on a class of business that insures service and maintenance contractors. This increase was partially offset by a decrease in recent accident year reserves for other Middle Market general liability reserves.

Bond business reservesrelated to recent accident years were reduced as reported losses for commercial and contract surety have emerged favorably.

Automobile liability reserves within Commercial Lines were increased in Small Commercial and large national accounts for the 2013 to 2016 accident years, driven by higher frequency of more severe accidents, including litigated claims.

Catastrophes reserveswere reduced primarily due to lower estimates of 2016 wind and hail event losses and a decrease in losses on a 2015 wildfire.

49

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

8. Reserve for Unpaid Losses and Loss Adjustment Expenses (continued)

Re-estimates of prior accident year reserves for thesix months endedJune 30, 2016

Workers' compensation reservesdecreased for accident years 2013 through 2015 due to favorable frequency and, to a lesser extent, lower medical severity trends. Loss costs for these accident years continued to emerge favorably and management has been placing additional weight on this favorable experience as it becomes more credible.

General liability reservesincreased for accident years 2012 through 2015 primarily due to higher severity losses incurred on a class of business that insures service and maintenance contractors.

Small Commercial package business reservesincreased due to higher than expected severity on liability claims, principally for accident years 2013 through 2015. Severity for these accident years has developed unfavorably and management has placed more weight on emerged experience.

Professional liability reservesdecreased for claims made years 2008 through 2013, primarily for large accounts, including on non-securities class action cases. Claim costs have emerged favorably as these years have matured and management has placed more weight on the emerged experience.

Automobile liability reservesincreased in personal lines primarily due to increased bodily injury frequency and severity for the 2015 accident year and increased bodily injury severity for the 2014 accident year. Increases in auto liability loss costs were across both the direct and agency distribution channels.

Asbestos and environmental reserves increased during the period as a result of the 2016 comprehensive annual review. For a discussion of the Company's 2016 review of asbestos and environmental reserves, see Part II, Item 7 MD&A, Critical Accounting Estimates, Property & Casualty Other Operations section in the Company’s 2016 Form 10-K Annual Report.

Uncollectible reinsurance reservesdecreased as a result of giving greater weight to favorable collectability experience in recent calendar periods in estimating future collections.

Group Life, Disability and Accident Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017			2016 [1]
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	5,772		$	5,889
Reinsurance recoverables	208			218
Beginning liabilities for unpaid losses and loss adjustment expenses, net	5,564			5,671
Provision for unpaid losses and loss adjustment expenses
Current incurral year	1,319			1,287
Prior year's discount accretion	101			105
Prior incurral year development [2]	(112		)	(98		)
Total provision for unpaid losses and loss adjustment expenses [3]	1,308			1,294
Less: payments
Current incurral year	542			523
Prior incurral years	833			836
Total payments	1,375			1,359
Ending liabilities for unpaid losses and loss adjustment expenses, net	5,497			5,606
Reinsurance recoverables	212			216
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	5,709		$	5,822

[1] Certain prior year amounts have been reclassified to conform to the current year presentation for unpaid losses and loss adjustment expenses.

[2] Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.

[3] Includes unallocated loss adjustment expenses of $48, and $51 for for the six months ended June 30, 2017 and 2016, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.

Re-estimates of prior incurral years reserves for the six months endedJune 30, 2017

Group Disability-Prior period reserve estimates decreased by approximately $65 largely driven by group long-term disability claim recoveries higher than prior reserve assumptions. This favorability was partially reduced by lower

50

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

8. Reserve for Unpaid Losses and Loss Adjustment Expenses (continued)

expectation of future benefit offsets, particularly lower Social Security Disability Income approval rates and longer decision turnaround times in the Social Security Administration.

Group Life and Accident (including Group Life Premium Waiver)-Prior period reserve estimates decreased by approximately $45 largely driven by lower than previously expected claim incidence in Group Life and Group Life Premium Waiver and lower than expected severity on Group Accidental Death & Dismemberment.

Re-estimates of prior incurral years reserves for the six months endedJune 30, 2016

Group Disability-Prior period reserve estimates decreased by approximately $65 largely driven by group long-term disability claim recoveries higher than prior reserve assumptions. This favorability was partially offset by lower Social Security Disability Income approvals driven by lower approval rates and ongoing backlogs in the Social Security Administration.

Group Life and Accident (including Group Life Premium Waiver)-Prior period reserve estimates decreased by approximately $30 largely driven by lower than previously expected incidence on Group Life Premium Waiver.

51

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

9. Reserve for Future Policy Benefits and Separate Account Liabilities

Changes in Reserves for Future Policy Benefits
	Universal Life - Type Contracts
	GMDB/GMWB [1]			Universal Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2017	$	786		$	2,627	$	10,516		$	13,929
Incurred [3]	33			149		408			590
Paid	(52		)	—		(401		)	(453		)
Change in unrealized investment gains and losses	—			—		90			90
Liability balance as of June 30, 2017	$	767		$	2,776	$	10,613		$	14,156
Reinsurance recoverable asset, as of January 1, 2017	$	432		$	2,627	$	1,392		$	4,451
Incurred [3]	22			149		49			220
Paid	(43		)	—		(27		)	(70		)
Reinsurance recoverable asset, as of June 30, 2017	$	411		$	2,776	$	1,414		$	4,601

	Universal Life - Type Contracts
	GMDB/GMWB [1]			Universal Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2016	$	863		$	2,313	$	10,683		$	13,859
Incurred [3]	41			158		392			591
Paid	(66		)	—		(398		)	(464		)
Change in unrealized investment gains and losses	—			—		460			460
Liability balance as of June 30, 2016	$	838		$	2,471	$	11,137		$	14,446
Reinsurance recoverable asset, as of January 1, 2016	$	523		$	2,313	$	1,478		$	4,314
Incurred [3]	32			158		37			227
Paid	(51		)	—		(33		)	(84		)
Reinsurance recoverable asset, as of June 30, 2016	$	504		$	2,471	$	1,482		$	4,457

[1] These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits that make up a shortfall between the account value and the GRB are embedded derivatives held at fair value and are excluded from these balances.

[2] Represents life-contingent reserves for which the company is subject to insurance and investment risk.

[3] Includes the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves.

52

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

9. Reserve for Future Policy Benefits and Separate Account Liabilities (continued)

Account Value by GMDB/GMWB Type as of June 30, 2017
Maximum anniversary value (“MAV”) [1]	Account Value (“AV”) [8]		Net Amount at Risk (“NAR”) [9]		Retained Net Amount at Risk (“RNAR”) [9]		Weighted Average Attained Age of Annuitant
MAV only	$	13,641	$	2,109	$	316	71
With 5% rollup [2]	1,155		154		49		71
With Earnings Protection Benefit Rider (“EPB”) [3]	3,465		504		79		71
With 5% rollup & EPB	475		104		23		73
Total MAV	18,736		2,871		467
Asset Protection Benefit (“APB”) [4]	10,243		114		76		70
Lifetime Income Benefit (“LIB”) — Death Benefit [5]	459		5		5		70
Reset [6] (5-7 years)	2,437		7		6		70
Return of Premium (“ROP”) [7]/Other	8,793		59		56		71
Subtotal Variable Annuity with GMDB/GMWB [10]	40,668		$	3,056	$	610	71
Less: General Account Value with GMDB/GMWB	3,686
Subtotal Separate Account Liabilities with GMDB	36,982
Separate Account Liabilities without GMDB	79,764
Total Separate Account Liabilities	$	116,746

[1] MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals).

[2] Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums.

[3] EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.

[4] APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).

[5] LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time.

[6] Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals).

[7] ROP GMDB is the greater of current AV or net premiums paid.

[8] AV includes the contract holder’s investment in the separate account and the general account.

[9] NAR is defined as the guaranteed minimum death benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity markets movements and increase when equity markets decline.

[10] Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $6.3 billion of total account value and weighted average attained age of 73 years. There is no NAR or retained NAR related to these contracts. Includes $1.6 billion of account value for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries.

Account Balance Breakdown of Variable Separate Account Investments for Contracts with Guarantees
Asset type	As of June 30, 2017		As of December 31, 2016
Equity securities (including mutual funds)	$	34,135	$	33,880
Cash and cash equivalents	2,847		3,045
Total	$	36,982	$	36,925

As of June 30, 2017 and December 31, 2016, approximately 15% and 16%, respectively, of the equity securities (including mutual funds), in the preceding table were funds invested in fixed income securities and approximately 85% and 84%, respectively, were funds invested in equity securities.

For further information on guaranteed living benefits that are accounted for at fair value, such as GMWB, see Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

53

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

10. Debt

Senior Notes

On March 15, 2017, the Company repaid its $416, 5.375% senior notes at maturity.

Junior Subordinated Debentures

On February 15, 2017, pursuant to a put option agreement with the Glen Meadow ABC Trust, the Company issued $500 junior subordinated notes with a scheduled maturity of February 12, 2047, and a final maturity of February 12, 2067. The junior subordinated notes bear interest at an annual rate of three-month LIBOR plus 2.125%, payable quarterly. The Hartford will have the right, on one or more occasions, to defer interest payments due on the junior subordinated notes under specified circumstances.

Upon receipt of the proceeds, the Company entered into a replacement capital covenant (the "RCC"). Under the terms of the RCC, if the Company redeems the notes at any time prior to February 12, 2047 (or such earlier date on which the RCC terminates by its terms) it can only do so with the proceeds from the sale of certain qualifying replacement securities. The RCC also prohibits the Company from redeeming all or any portion of the notes on or prior to February 15, 2022.

In April, 2017, the Company entered into an interest rate swap agreement expiring February 15, 2027 to effectively convert the variable interest payments into fixed interest payments of approximately 4.39%.

54

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

11. Income Taxes

Income Tax Rate Reconciliation
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Tax provision at U.S. federal statutory rate	$	(48	)	$	60		$	122		$	193
Tax-exempt interest	(30		)	(31		)	(60		)	(63		)
Dividends-received deduction ("DRD")	(19		)	(21		)	(38		)	(43		)
Decrease in deferred tax valuation allowance	—			(53		)	—			(78		)
Stock-based compensation	(1		)	—			(8		)	—
Other	(1		)	(1		)	(6		)	3
Provision for income taxes	$	(99	)	$	(46	)	$	10		$	12

In addition to the effect of tax-exempt interest and DRD, the Company’s effective tax rate for the three and six months endedJune 30, 2017 reflects a $1 and $8, respectively, federal income tax benefit related to a deduction for stock-based compensation that vested at a fair value per share greater than the fair value on the date of grant.

Additionally, the Company's effective tax rate for the three and six months endedJune 30, 2016 reflects a $53 and $78, respectively, federal income tax benefit from the reduction of the deferred tax asset valuation allowance on the capital loss carryover due to taxable gains on sales of investments during the period.

The separate account DRD is estimated for the current year using information from the most recent return, adjusted for current year equity market performance and other appropriate factors, including estimated levels of corporate dividend payments and

level of policy owner equity account balances. The actual current year DRD can vary from estimates based on, but not limited to, changes in eligible dividends received in the mutual funds, amounts of distribution from these mutual funds, amounts of short-term capital gains at the mutual fund level and the Company’s taxable income before the DRD. The Company evaluates its DRD computations on a quarterly basis.

Roll-forward of Unrecognized Tax Benefits
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Balance, beginning of period	$	12	$	12	$	12	$	12
Gross increases - tax positions in prior period	—		—		—		—
Gross decreases - tax positions in prior period	—		—		—		—
Balance, end of period	$	12	$	12	$	12	$	12

The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release.

The federal audit of the years 2012 and 2013 was completed as of March 31, 2017 with no additional adjustments. The Company has received notification from the Internal Revenue Service of its intention to audit the recently acquired subsidiary, Maxum, for its 2014 tax year. Management believes that adequate provision has been made in the consolidated financial statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.

Net deferred income taxes include the future tax benefits associated with the net operating loss carryover, foreign tax credit carryover, capital loss carryover, and alternative minimum tax credit carryover.

Future Tax Benefits
	As of
	June 30, 2017				December 31, 2016				Expiration
	Carryover amount		Expected tax benefit, gross		Carryover amount		Expected tax benefit, gross		Dates			Amount
Net operating loss carryover - U.S.	$	4,624	$	1,618	$	5,412	$	1,894	2020			$	1
									2023	-	2036	$	4,623
Net operating loss carryover - foreign	$	3	$	—	$	48	$	9	No expiration			$	3
Foreign tax credit carryover	$	42	$	42	$	56	$	56	2021	-	2024	$	42
Alternative minimum tax credit carryover	$	777	$	777	$	640	$	640	No expiration			$	777
General business credit carryover	$	2	$	2	$	99	$	99	2031	-	2035	$	2
Capital loss carryover	$	91	$	32	$	—	$	—	2022			$	91

Net Operating Loss Carryover

Utilization of these loss carryovers is dependent upon the generation of sufficient future taxable income. Most of the net

operating loss carryover originated from the Company's U.S. and international annuity business, including from the hedging

55

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

11. Income Taxes (continued)

program. Given the continued run off of the U.S. fixed and variable annuity business, the exposure to taxable losses from the Talcott Resolution business is significantly lessened. Given the expected earnings of its property and casualty, group benefits and mutual fund businesses, the Company expects to generate sufficient taxable income in the future to utilize its net operating loss carryover. Although the Company projects there will be sufficient future taxable income to fully recover the remainder of the loss carryover, the Company's estimate of the likely realization may change over time.

Tax Credit Carryovers

Alternative Minimum Tax Credits- These credit carryovers are available to offset regular federal income taxes from future taxable income and have no expiration date. Since the Company believes there will be sufficient regular federal taxable income in the future, and these credits have no expiration date, the Company believes it is more likely than not they will be fully utilized and thus no valuation allowance has been provided.

Foreign Tax Credits- As with the alternative minimum tax credits, these credits are available to offset regular federal income taxes from future taxable income. The use of these credits prior to expiration depends on the generation of sufficient taxable income to first utilize all U.S. net operating loss carryovers. However, the Company has identified and begun to purchase certain investments which allow for utilization of the foreign tax credits without first using the net operating loss carryover. Consequently, the Company believes it is more likely than not the foreign tax credit carryover will be fully realized. Accordingly, no valuation allowance has been provided.

Capital Loss Carryover- The Capital loss carryover is a result of the sale of Hartford Financial Products International Limited in May 2017, partially offset by year to date realized taxable capital gains.  Utilization of the capital loss carryover requires the Company to realize sufficient taxable capital gains.  The Company expects to generate sufficient taxable capital gains in the future to utilize the capital loss carryover, and thus no valuation allowance has been provided.  Although the Company projects there will be sufficient future taxable capital gains to fully recover the remainder of the capital loss carryover, the Company’s estimate of the likely realization may change over time.

56

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

12. Commitments and Contingencies

Litigation

The Hartford is involved in claims litigation arising in the ordinary course of business, both as a liability insurer defending or providing indemnity for third-party claims brought against insureds and as an insurer defending coverage claims brought against it. The Hartford accounts for such activity through the establishment of unpaid loss and loss adjustment expense reserves. Subject to the uncertainties in the following discussion under the caption “Asbestos and Environmental Claims,” management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of The Hartford.

The Hartford is also involved in other kinds of legal actions, some of which assert claims for substantial amounts. These actions include, among others, and in addition to the matters in the following discussion, putative state and federal class actions seeking certification of a state or national class. Such putative class actions have alleged, for example, underpayment of claims or improper underwriting practices in connection with various kinds of insurance policies, such as personal and commercial automobile, property, disability, life and inland marine. The Hartford also is involved in individual actions in which punitive damages are sought, such as claims alleging bad faith in the handling of insurance claims or other allegedly unfair or improper business practices. Like many other insurers, The Hartford also has been joined in actions by asbestos plaintiffs asserting, among other things, that insurers had a duty to protect the public from the dangers of asbestos and that insurers committed unfair trade practices by asserting defenses on behalf of their policyholders in the underlying asbestos cases. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of The Hartford. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, the outcome in certain matters could, from time to time, have a material adverse effect on the Company’s results of operations or cash flows in particular quarterly or annual periods.

In addition to the inherent difficulty of predicting litigation outcomes, the Mutual Funds Litigation identified below purports to seek substantial damages for unsubstantiated conduct spanning a multi-year period based on novel applications of complex legal theories. The alleged damages are not quantified or factually supported in the complaint, and, in any event, the Company’s experience shows that demands for damages often bear little relation to a reasonable estimate of potential loss. The application of the legal standard identified by the court for assessing  the potentially available damages, as described below, is inherently unpredictable, and no legal precedent has been identified that would aid in determining a reasonable estimate of potential loss. Accordingly, management cannot reasonably estimate the possible loss or range of loss, if any.

Mutual Funds Litigation — In February 2011, a derivative action was brought on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that Hartford Investment Financial Services,

LLC (“HIFSCO”), an indirect subsidiary of the Company, received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the Investment Company Act of 1940. During the course of the litigation, the claims regarding distribution fees were dismissed without prejudice, the lineup of funds as plaintiffs changed several times, and the plaintiffs added as a defendant Hartford Funds Management Company (“HFMC”), an indirect subsidiary of the Company that assumed the role of advisor to the funds as of January 2013.  In June 2015, HFMC and HIFSCO moved for summary judgment, and plaintiffs cross-moved for partial summary judgment with respect to one fund. In March 2016, the court denied the plaintiff's motion, and granted summary judgment for HIFSCO and HFMC with respect to one fund, leaving six funds as plaintiffs: The Hartford Balanced Fund, The Hartford Capital Appreciation Fund, The Hartford Floating Rate Fund, The Hartford Growth Opportunities Fund, The Hartford Healthcare Fund, and The Hartford Inflation Plus Fund. The court further ruled that the appropriate measure of damages on the surviving claims would be the difference, if any, between the actual advisory fees paid through trial and the fees permitted under the applicable legal standard. A bench trial on the issue of liability was held in November 2016. In February 2017, the court granted judgment for HIFSCO and HFMC as to all claims.  Plaintiffs have appealed to the United States Court of Appeals for the Third Circuit.

Asbestos and Environmental Claims–The Company continues to receive asbestos and environmental claims. Asbestos claims relate primarily to bodily injuries asserted by people who came in contact with asbestos or products containing asbestos. Environmental claims relate primarily to pollution and related clean-up costs.

The Company principally relies on exposure-based analysis to estimate the ultimate costs of these claims, both gross and net of reinsurance, and regularly evaluates new account information in assessing its potential asbestos and environmental exposures. The Company supplements this exposure-based analysis with evaluations of the Company’s historical direct net loss and expense paid and reported experience, and net loss and expense paid and reported experience by calendar and/or report year.

While the Company believes that its current asbestos and environmental reserves are appropriate, significant uncertainties limit the ability of insurers and reinsurers to estimate the ultimate reserves necessary for unpaid losses and related expenses.  The ultimate liabilities, thus, could exceed the currently recorded reserves, and any such additional liability, while not reasonably estimable now, could be material to The Hartford’s consolidated operating results and liquidity.

Under an adverse development cover (“ADC”) reinsurance agreement with National Indemnity Company (“NICO”), a subsidiary of Berkshire Hathaway Inc., the Company paid $650 to reinsure adverse development of net asbestos and environmental loss and allocated loss adjustment expense reserves of up to $1.5 billion above the Company’s net asbestos and environmental reserves as of December 31, 2016 of approximately $1.7 billion.

Under retroactive reinsurance accounting, net adverse asbestos and environmental reserve development after December 31,

57

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

12. Commitments and Contingencies (continued)

2016, if any, will result in an offsetting reinsurance recoverable up to the $1.5 billion limit. Cumulative ceded losses up to the $650 reinsurance premium paid would be recognized as a dollar-for-dollar offset to direct losses incurred. Cumulative ceded losses exceeding the $650 reinsurance premium paid would result in a deferred gain. The deferred gain would be recognized over the claim settlement period in the proportion of the amount of cumulative ceded losses collected from the reinsurer to the estimated ultimate reinsurance recoveries. Consequently, until periods when the deferred gain is recognized as a benefit to earnings, cumulative adverse development of asbestos and environmental claims after December 31, 2016 in excess of $650 may result in significant charges against earnings. Furthermore, there is a risk that cumulative adverse development of asbestos and environmental claims could ultimately exceed the $1.5 billion treaty limit in which case all adverse development in excess of the treaty limit would be absorbed as a charge to earnings by the Company. In these scenarios, the effect of these changes could be material to the Company’s consolidated operating results and liquidity.

Derivative Commitments

Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical agencies, of the individual legal entity that entered into the derivative agreement. If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances enable the counterparties to terminate the agreements and demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement. The settlement amount is determined by netting the derivative positions transacted under each agreement. If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of June 30, 2017 was $1.3 billion. For this $1.3 billion, the legal entities have posted collateral of $897 in the normal course of business. In addition, the Company has posted collateral of $31 associated with a customized GMWB derivative. Based on derivative market values as of June 30, 2017 a downgrade of one level below the current financial strength ratings by either Moody’s or S&P would not require additional assets to be posted as collateral. Based on derivative market values as of June 30, 2017, a downgrade of two levels below the current financial strength ratings by either Moody's or S&P would require additional $9 of assets to be posted as collateral. These collateral amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated. The nature of the collateral that we post, when required, is primarily in the form of U.S. Treasury bills, U.S. Treasury notes and government agency securities.

58

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

13. Equity

Capital Purchase Program ("CPP") Warrants

As of June 30, 2017 and December 31, 2016, respectively, the Company has 2.9 million and 4.0 million of CPP warrants outstanding and exercisable.

CPP warrant exercises were 0.1 million for the three months endedJune 30, 2017 and there were no CPP warrant exercises for the three months endedJune 30, 2016. CPP warrant exercises were 1.1 million and 0.2 million for the six months endedJune 30, 2017and 2016, respectively.

The declaration of common stock dividends by the Company in excess of a threshold triggers a provision in the Company's warrant agreement with The Bank of New York Mellon resulting

in adjustments to the CPP warrant exercise price. Accordingly, the declaration of a common stock dividend during the three months endedJune 30, 2017 resulted in an adjustment to the CPP warrant exercise price. The CPP warrant exercise price was $9.060 as of June 30, 2017 and $9.126 as of December 31, 2016.

Equity Repurchase Program

The Company's authorization for equity repurchases is $1.3 billion for the period October 31, 2016 through December 31, 2017.

During the period July 1, 2017 through July 25, 2017, the Company repurchased approximately 1.6 million common shares for $85.

Equity Repurchase Activity and Remaining Repurchase Capacity
Three months ended	Common Shares Repurchased	Cost of Shares Repurchased		Average Price Paid per Share		Remaining Capacity Under Share Repurchase Authorization
(In millions, except for per share data)
March 31, 2017	6.7	$	325	$	48.47	$	975
June 30, 2017	6.6	$	325	$	49.34	$	650
Total	13.3	$	650

59

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

14. Changes In and Reclassifications From Accumulated Other Comprehensive Income

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2017
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,413		$	(4	)	$	58		$	8	$	(1,682	)	$	(207	)
OCI before reclassifications	404			1			13			5		(141		)	282
Amounts reclassified from AOCI	(62		)	—			(14		)	—		495			419
OCI, net of tax	342			1			(1		)	5		354			701
Ending balance	$	1,755		$	(3	)	$	57		$	13	$	(1,328	)	$	494

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2017
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,276		$	(3	)	$	76		$	6	$	(1,692	)	$	(337	)
OCI before reclassifications	564			—			8			7		(140		)	439
Amounts reclassified from AOCI	(85		)	—			(27		)	—		504			392
OCI, net of tax	479			—			(19		)	7		364			831
Ending balance	$	1,755		$	(3	)	$	57		$	13	$	(1,328	)	$	494

60

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

14. Changes In and Reclassifications From Accumulated Other Comprehensive Income (continued)

Reclassifications from AOCI
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	95		$	131		Net realized capital gains (losses)
	95			131			Income before income taxes
	33			46			Income tax expense (benefit)
	$	62		$	85		Net income
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	—		$	4		Net realized capital gains (losses)
Interest rate swaps	16			32			Net investment income
Foreign currency swaps	5			6			Net realized capital gains (losses)
	21			42			Income before income taxes
	7			15			Income tax expense (benefit)
	$	14		$	27		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	2		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(16		)	(32		)	Insurance operating costs and other expenses
Settlement loss	(747		)	(747		)	Insurance operating costs and other expenses
	(761		)	(776		)	Income (loss) before income taxes
	(266		)	(272		)	Income tax expense (benefit)
	$	(495	)	$	(504	)	Net income (loss)
Total amounts reclassified from AOCI	$	(419	)	$	(392	)	Net income (loss)

61

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

14. Changes In and Reclassifications From Accumulated Other Comprehensive Income (continued)

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2016
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,801		$	(15	)	$	184		$	(49	)	$	(1,667	)	$	254
OCI before reclassifications	696			3			26			(19		)	—			706
Amounts reclassified from AOCI	(60		)	2			(10		)	—			8			(60		)
OCI, net of tax	636			5			16			(19		)	8			646
Ending balance	$	2,437		$	(10	)	$	200		$	(68	)	$	(1,659	)	$	900

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2016
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,279		$	(7	)	$	130		$	(55	)	$	(1,676	)	$	(329	)
OCI before reclassifications	1,191			(6		)	95			(13		)	—			1,267
Amounts reclassified from AOCI	(33		)	3			(25		)	—			17			(38		)
OCI, net of tax	1,158			(3		)	70			(13		)	17			1,229
Ending balance	$	2,437		$	(10	)	$	200		$	(68	)	$	(1,659	)	$	900

62

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

14. Changes In and Reclassifications From Accumulated Other Comprehensive Income (continued)

Reclassifications of AOCI
	Three Months Ended June 30, 2016			Six Months Ended June 30, 2016			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	92		$	51		Net realized capital gains (losses)
	92			51			Income before income taxes
	32			18			Income tax expense (benefit)
	$	60		$	33		Net income
OTTI Losses in OCI
Other than temporary impairments	$	(3	)	$	(4	)	Net realized capital gains (losses)
	(3		)	(4		)	Income (loss) before income taxes
	(1		)	(1		)	Income tax expense (benefit)
	$	(2	)	$	(3	)	Net income (loss)
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	2		$	7		Net realized capital gains (losses)
Interest rate swaps	15			30			Net investment income
Foreign currency swaps	(2		)	2			Net realized capital gains (losses)
	15			39			Income before income taxes
	5			14			Income tax expense (benefit)
	$	10		$	25		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	1		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(14		)	(29		)	Insurance operating costs and other expenses
	(13		)	(26		)	Income (loss) before income taxes
	(5		)	(9		)	Income tax expense (benefit)
	$	(8	)	$	(17	)	Net income (loss)
Total amounts reclassified from AOCI	$	60		$	38		Net income

63

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

15. Employee Benefit Plans

The Company’s employee benefit plans are described in Note 18 - Employee Benefit Plans of Notes to Consolidated Financial Statements included in The Hartford’s 2016 Annual Report on Form 10-K.

On June 30, 2017, the Company transferred invested assets and cash from pension plan assets to purchase a group annuity contract that transferred approximately $1.6 billion of the Company’s outstanding pension benefit obligations related to certain U.S. retirees; terminated vested participants; and beneficiaries. As a result of this transaction, in the second quarter of 2017, the Company recognized a pre-tax settlement charge of $750 ($488 after-tax) and a reduction to shareholders' equity of $144. In connection with this transaction, the Company expects to make a contribution of approximately $300 to the U.S. qualified pension plan by year-end 2017 in order to maintain the plan's pre-transaction funded status.

Beginning with the first quarter of 2017, the Company adopted the full yield curve approach in the estimation of the interest cost component of net periodic benefit costs for its qualified and non-qualified pension plans and the postretirement benefit plan. The full yield curve approach applies the specific spot rates along the yield curve that are used in its determination of the projected benefit obligation at the beginning of the year. The change has

been made to provide a better estimate of the interest cost component of net periodic benefit cost by better aligning projected benefit cash flows with corresponding spot rates on the yield curve rather than using a single weighted average discount rate derived from the yield curve as had been done historically.

This change does not affect the measurement of the Company's total benefit obligations as the change in the interest cost in net income is completely offset in the actuarial (gain) loss reported for the period in other comprehensive income. The change reduced the before tax interest cost component of net periodic benefit cost by $9 and $18 for the three and six months ended June 30, 2017, respectively. The discount rate being used to measure interest cost during 2017 is 3.58%, 3.55% and 3.13% for the qualified pension plan, non-qualified pension plan and postretirement benefit plan, respectively. Under the Company's historical estimation approach, the weighted average discount rate for the interest cost component would have been 4.22%, 4.19% and 3.97% for the qualified pension plan, non-qualified pension plan and postretirement benefit plan, respectively. The Company accounted for the change in estimation approach as a change in estimate, and accordingly, is recognizing the effect prospectively beginning in 2017.

Components of Net Periodic Cost (Benefit)
	Pension Benefits						Other Postretirement Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2017			2016			2017			2016
Service cost	$	1		$	1		$	—		$	—
Interest cost	49			59			2			3
Expected return on plan assets	(80		)	(76		)	(2		)	(3		)
Amortization of prior service credit	—			—			(2		)	(1		)
Amortization of actuarial loss	15			13			1			1
Settlements	750			—			—			—
Net periodic cost (benefit)	$	735		$	(3	)	$	(1	)	$	—

Components of Net Periodic Cost (Benefit)
	Pension Benefits						Other Postretirement Benefits
	Six months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
Service cost	$	2		$	1		$	—		$	—
Interest cost	98			118			4			6
Expected return on plan assets	(159		)	(153		)	(4		)	(5		)
Amortization of prior service credit	—			—			(3		)	(3		)
Amortization of actuarial loss	30			27			2			2
Settlements	750			—			—			—
Net periodic cost (benefit)	$	721		$	(7	)	$	(1	)	$	—

64

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS

(Dollar amounts in millions except share data unless otherwise stated)

The Hartford provides projections and other forward-looking information in the following discussions, which contain many forward-looking statements, particularly relating to the Company’s future financial performance. These forward-looking statements are estimates based on information currently available to the Company, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to the cautionary statements set forth on pages 3 and 4 of this Form 10-Q. Actual results are likely to differ, and in the past have differed, materially from those forecast by the Company, depending on the outcome of various factors, including, but not limited to, those set forth in the following discussion and in Part I, Item 1A, Risk Factors in The Hartford’s 2016 Form 10-K Annual Report, and those identified from time to time in our other filings with the Securities and Exchange Commission. The Hartford undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

On May 10, 2017, the Company completed the sale of its U.K. property and casualty run-off subsidiaries. The operating results of the Company's U.K. property and casualty run-off subsidiaries are included in the P&C Other Operations reporting segment. For discussion of this transaction, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements.

On July 29, 2016, the Company completed the acquisition of Maxum Specialty Insurance Group and Lattice Strategies LLC. Maxum's revenue and earnings since the acquisition date are included in the operating results of the Company's Commercial Lines reporting segment. Lattice's revenue and earnings since the acquisition date are included in the operating results of the Company's Mutual Funds reporting segment.

Certain reclassifications have been made to historical financial information presented in Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") to conform to the current period presentation.

Fee income from installment fees reported by the Commercial Lines and Personal Lines reporting segments has been reclassified from underwriting expenses to fee income and included in total revenues. The reclassification of installment fees did not impact previously reported underwriting gain (loss), underwriting ratios, or net income (loss) either in the Commercial Lines or Personal Lines reporting segments and did not impact previously reported consolidated net income or core earnings.

Separately, the flood servicing business has been realigned from Specialty Commercial within the Commercial Lines reporting segment to the Personal Lines reporting segment. This realignment did not materially impact previously reported Commercial Lines or Personal Lines underwriting results or net income. The realignment of the flood servicing business did not impact previously reported consolidated net income or core earnings.

The Hartford defines increases or decreases greater than or equal to 200% as “NM” or not meaningful.

INDEX

Description	Page
Key Performance Measures and Ratios	65
The Hartford's Operations	70
Consolidated Results of Operations	74
Investment Results	76
Critical Accounting Estimates	79
Commercial Lines	88
Personal Lines	92
Property & Casualty Other Operations	97
Group Benefits	98
Mutual Funds	101
Talcott Resolution	103
Corporate	106
Enterprise Risk Management	107
Capital Resources and Liquidity	120
Impact of New Accounting Standards	126

KEY PERFORMANCE MEASURES AND RATIOS

The Company considers the measures and ratios in the following discussion to be key performance indicators for its businesses. Management believes that these ratios and measures are useful in understanding the underlying trends in The Hartford’s businesses. However, these key performance indicators should only be used in conjunction with, and not in lieu of, the results presented in the segment discussions that follow in this MD&A. These ratios and measures may not be comparable to other performance measures used by the Company’s competitors.

65

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Definitions of Non-GAAP and Other Measures and Ratios

Account Value-includes policyholders’ balances for investment and insurance contracts and reserves for certain future policy benefits insurance contracts. Account value is a measure used by the Company because a significant portion of the Company’s fee income is based upon the level of account value. These revenues increase or decrease with a rise or fall in assets under management whether caused by changes in the market or through net flows.

Assets Under Management ("AUM")- include account values, mutual fund and ETP assets. AUM is a measure used by the Company because a significant portion of the Company’s revenues are based upon asset values. These revenues increase or decrease with a rise or fall in AUM whether caused by changes in the market or through net flows.

Book Value per Diluted Share-a U.S. GAAP financial measure that represents a per share assessment of the value of a company's equity. It is calculated by dividing (a) common stockholders' equity by (b) common shares outstanding and dilutive potential common shares. The Company provides book value per diluted share to enable investors to assess the value of the Company’s equity.

Catastrophe Ratio- (a component of the loss and loss adjustment expense ratio) represents the ratio of catastrophe losses incurred in the current calendar year (net of reinsurance) to earned premiums and includes catastrophe losses incurred for both the current and prior accident years. A catastrophe is an event that causes $25 or more in industry insured property losses and affects a significant number of property and casualty policyholders and insurers. The catastrophe ratio includes the effect of catastrophe losses, but does not include the effect of reinstatement premiums.

Combined Ratio- the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend

ratio. This ratio is a relative measurement that describes the related cost of losses and expenses for every $100 of earned premiums. A combined ratio below 100 demonstrates underwriting profit; a combined ratio above 100 demonstrates underwriting losses.

Core Earnings- a non-GAAP measure, is an important measure of the Company’s operating performance. The Company believes that core earnings provides investors with a valuable measure of the underlying performance of the Company’s businesses because it reveals trends in our insurance and financial services businesses that may be obscured by including the net effect of certain realized capital gains and losses, certain restructuring and other costs, pension settlements, loss on extinguishment of debt, reinsurance gains and losses from disposal of businesses, income tax benefit from reduction in deferred income tax valuation allowance, discontinued operations, and the impact of Unlocks to deferred policy acquisition costs ("DAC"), sales inducement assets ("SIA'), and death and other insurance benefit reserve balances. Some realized capital gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses (net of tax and the effects of DAC) that tend to be highly variable from period to period based on capital market conditions. The Company believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Net income (loss) is the most directly comparable U.S. GAAP measure. Core earnings should not be considered as a substitute for net income (loss) and does not reflect the overall profitability of the Company’s business. Therefore, the Company believes that it is useful for investors to evaluate both net income (loss) and core earnings when reviewing the Company’s performance.

Reconciliation of Net Income (Loss) to Core Earnings

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
Net income (loss)	$	(40	)	$	216	$	338		$	539
Less: Unlock benefit, before tax	20			18		38			31
Less: Net realized capital gains (losses) after DAC, excluded from core earnings, before tax	75			51		55			(97		)
Less: Pension settlement, before tax	(750		)	—		(750		)	—
Less: Income tax benefit [1]	226			25		228			98
Core earnings	$	389		$	122	$	767		$	507

[1] Includes income tax benefit on items not included in core earnings and other federal income tax benefits.

Core Earnings Margin-a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, the Group Benefits segment’s operating performance. Core earnings margin is calculated by dividing core earnings by revenues excluding buyouts and realized gains (losses). Net income margin is the most directly comparable U.S. GAAP measure. The Company believes that core earnings margin

provides investors with a valuable measure of the performance of Group Benefits because it reveals trends in the business that may be obscured by the effect of buyouts and realized gains (losses). Core earnings margin should not be considered as a substitute for net income margin and does not reflect the overall profitability of Group Benefits. Therefore, the Company believes it is important for investors to evaluate both core earnings margin and net

66

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

income margin when reviewing performance. A reconciliation of net income margin to core earnings margin is set forth in the Results of Operations section within MD&A - Group Benefits.

Expense Ratio-for the underwriting segments of Commercial Lines and Personal Lines is the ratio of underwriting expenses less fee income, to earned premiums. Underwriting expenses include the amortization of deferred policy acquisition costs and insurance operating costs and expenses, including certain centralized services costs and bad debt expense. Deferred policy acquisition costs include commissions, taxes, licenses and fees and other incremental direct underwriting expenses and are amortized over the policy term.

The expense ratio for Group Benefits is expressed as the ratio of insurance operating costs and other expenses and amortization of deferred policy acquisition costs, to premiums and other considerations, excluding buyout premiums.

Fee Income-largely driven from amounts earned as a result of contractually defined percentages of assets under management, including account value of annuities and other products. These fees are generally earned on a daily basis. Therefore, the growth in assets under management either through positive net flows or net sales, or favorable market performance will have a favorable impact on fee income. Conversely, either negative net flows or net sales, or unfavorable market performance will reduce fee income. Fee income also includes installment billing fees charged to Commercial Lines and Personal Lines insureds.

Full Surrender Rates-an internal measure of contract surrenders calculated using annualized full surrenders divided by a two-point average of annuity account values. The full surrender rate represents full contract liquidation and excludes partial withdrawals.

Loss and Loss Adjustment Expense Ratio- a measure of the cost of claims incurred in the calendar year divided by earned premium and includes losses incurred for both the current and prior accident years, as well as the costs of mortality and morbidity and other contractholder benefits to policyholders. Among other factors, the loss and loss adjustment expense ratio needed for the Company to achieve its targeted return on equity fluctuates from year to year based on changes in the expected investment yield over the claim settlement period, the timing of expected claim settlements and the targeted returns set by management based on the competitive environment.

The loss and loss adjustment expense ratio is affected by claim frequency and claim severity, particularly for shorter-tail property lines of business, where the emergence of claim frequency and severity is credible and likely indicative of ultimate losses. Claim frequency represents the percentage change in the average number of reported claims per unit of exposure in the current accident year compared to that of the previous accident year. Claim severity represents the percentage change in the estimated average cost per claim in the current accident year compared to that of the previous accident year. As one of the factors used to determine pricing, the Company’s practice is to first make an overall assumption about claim frequency and severity for a given line of business and then, as part of the ratemaking process, adjust the assumption as appropriate for the particular state, product or coverage.

Loss and Loss Adjustment Expense Ratio before Catastrophes and Prior Accident Year Development-a measure of the cost of non-catastrophe claims incurred in the current accident year divided by earned premiums. Management believes that the current accident year loss and loss adjustment expense ratio before catastrophes is a performance measure that is useful to investors as it removes the impact of volatile and unpredictable catastrophe losses and prior accident year development.

Loss Ratio, excluding Buyouts-utilized for the Group Benefits segment and is expressed as a ratio of benefits, losses and loss adjustment expenses to premiums and other considerations, excluding buyout premiums. Since Group Benefits occasionally buys a block of claims for a stated premium amount, the Company excludes this buyout from the loss ratio used for evaluating the underwriting results of the business as buyouts may distort the loss ratio. Buyout premiums represent takeover of open claim liabilities and other non-recurring premium amounts.

Mutual Fund and Exchange-Traded Product Assets- owned by the shareholders of those products and not by the Company and therefore are not reflected in the Company’s consolidated financial statements. Mutual fund and ETP assets are a measure used by the Company primarily because a significant portion of the Company’s revenues are based upon asset values. These revenues increase or decrease with a rise or fall in AUM whether caused by changes in the market or through net flows.

New Business Written Premium-represents the amount of premiums charged for policies issued to customers who were not insured with the Company in the previous policy term. New business written premium plus renewal policy written premium equals total written premium.

Policies in Force- represent the number of policies with coverage in effect as of the end of the period. The number of policies in force is a growth measure used for Personal Lines and standard commercial lines within Commercial Lines and is affected by both new business growth and policy count retention.

Policy Count Retention- represents the ratio of the number of policies renewed during the period divided by the number of policies available to renew. The number of policies available to renew represents the number of policies, net of any cancellations, written in the previous policy term. Policy count retention is affected by a number of factors, including the percentage of renewal policy quotes accepted and decisions by the Company to non-renew policies because of specific policy underwriting concerns or because of a decision to reduce premium writings in certain classes of business or states. Policy count retention is also affected by advertising and rate actions taken by competitors.

Policyholder Dividend Ratio- the ratio of policyholder dividends to earned premium.

Prior Accident Year Loss and Loss Adjustment Expense Ratio- represents the increase (decrease) in the estimated cost of settling catastrophe and non-catastrophe

67

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

claims incurred in prior accident years as recorded in the current calendar year divided by earned premiums.

Reinstatement Premiums- represents additional ceded premium paid for the reinstatement of the amount of reinsurance coverage that was reduced as a result of a reinsurance loss payment.

Renewal Earned Price Increase (Decrease)-Written premiums are earned over the policy term, which is six months for certain Personal Lines automobile business and twelve months for substantially all of the remainder of the Company’s Property and Casualty business. Since the Company earns premiums over the six to twelve month term of the policies, renewal earned price increases (decreases) lag renewal written price increases (decreases) by six to twelve months.

Renewal Written Price Increase (Decrease)-for Commercial Lines, represents the combined effect of rate changes, amount of insurance and individual risk pricing decisions per unit of exposure on policies that renewed. For Personal Lines, renewal written price increases represent the total change in premium per policy on those policies that renewed and includes the combined effect of rate changes, amount of insurance and other changes in exposure. For Personal Lines, other changes in exposure include, but are not limited to, the effect of changes in number of drivers, vehicles and incidents, as well as changes in customer policy elections, such as deductibles and limits. The rate component represents the change in rate filed with and approved by state regulators during the period and the amount of insurance represents the change in the value of the rating base, such as model year/vehicle symbol for automobiles, building replacement costs for property and wage inflation for workers’ compensation. A number of factors affect renewal written price increases (decreases) including expected loss costs as projected by the Company’s pricing actuaries, rate filings approved by state regulators, risk selection decisions made by the Company’s underwriters and marketplace competition. Renewal written price changes reflect the property and casualty insurance market cycle. Prices tend to increase for a particular line of business when insurance carriers have incurred significant losses in that line of business in the recent past or the industry as a whole commits less of its capital to writing exposures in that line of business. Prices tend to decrease when recent loss experience has been favorable or when competition among insurance carriers increases. Renewal written price statistics are subject to change from period to period, based on a number of factors, including changes in actuarial estimates and the effect of subsequent cancellations and non-renewals, and modifications made to better reflect ultimate pricing achieved.

Return on Assets (“ROA”), Core Earnings- a non-GAAP financial measure that the Company uses to evaluate, and believes is an important measure of, certain of the segment’s operating performance. ROA is the most directly comparable U.S. GAAP measure. The Company believes that ROA, core earnings, provides investors with a valuable measure of the performance of certain of the Company’s on-going businesses because it reveals trends in our businesses that may be obscured by the effect of realized gains (losses). ROA, core earnings, should not be considered as a substitute for ROA and does not reflect the overall profitability of our businesses. Therefore, the Company believes it is important for investors to evaluate both ROA, core earnings, and ROA when reviewing the Company’s performance.

ROA, core earnings is calculated by dividing core earnings by a daily average AUM. A reconciliation of ROA to ROA, core earnings is set forth in the Results of Operations section within MD&A - Mutual Funds.

Underlying Combined Ratio- a non-GAAP financial measure, represents the combined ratio before catastrophes and prior accident year development. Combined ratio is the most directly comparable U.S. GAAP measure. The Company believes the underlying combined ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve development. A reconciliation of combined ratio to underlying combined ratio is set forth in the Results of Operations section within MD&A - Commercial Lines and Personal Lines.

Underwriting Gain (Loss)-The Company's management evaluates profitability of the P&C businesses primarily on the basis of underwriting gain (loss). Underwriting gain (loss) is a before-tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Underwriting gain (loss) is influenced significantly by earned premium growth and the adequacy of the Company's pricing. Underwriting profitability over time is also greatly influenced by the Company's pricing and underwriting discipline, which seeks to manage exposure to loss through favorable risk selection and diversification, its management of claims, its use of reinsurance and its ability to manage its expense ratio, which it accomplishes through economies of scale and its management of acquisition costs and other underwriting expenses. Net income (loss) is the most directly comparable GAAP measure. The Company believes that underwriting gain (loss) provides investors with a valuable measure of before-tax profitability derived from underwriting activities, which are managed separately from the Company's investing activities. A reconciliation of underwriting gain (loss) to net income (loss) for Commercial Lines, Personal Lines and Property & Casualty Other Operations is set forth in segment sections of MD&A.

Written and Earned Premiums-Written premium is a statutory accounting financial measure which represents the amount of premiums charged for policies issued, net of reinsurance, during a fiscal period. Earned premium is a U.S. GAAP and statutory measure. Premiums are considered earned and are included in the financial results on a pro rata basis over the policy period. Management believes that written premium is a performance measure that is useful to investors as it reflects current trends in the Company’s sale of property and casualty insurance products. Written and earned premium are recorded net of ceded reinsurance premium.

Traditional life insurance type products, such as those sold by Group Benefits, collect premiums from policyholders in exchange for financial protection for the policyholder from a specified insurable loss, such as death or disability. These premiums together with net investment income earned from the overall investment strategy are used to pay the contractual obligations under these insurance contracts. Two major factors, new sales and persistency, impact premium growth. Sales can increase or decrease in a given year based on a number of factors, including but not limited to, customer demand for the Company’s product offerings, pricing competition, distribution channels and the

68

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Company’s reputation and ratings. Persistency refers to the percentage of policies remaining in-force from year-to-year.

69

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

THE HARTFORD’S OPERATIONS

Overview

The Hartford conducts business principally in six reporting segments including Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution, as well as a Corporate category. The Hartford includes in its Corporate category the Company’s capital raising activities (including debt financing and related interest expense, purchase accounting adjustments related to goodwill and other expenses not allocated to the reporting segments).

The Company derives its revenues principally from: (a) premiums earned for insurance coverage provided to insureds; (b) fee income, including asset management fees, on separate account, mutual fund and ETP assets, mortality and expense fees, as well as cost of insurance charges; (c) net investment income; (d) fees earned for services provided to third parties; and (e) net realized capital gains and losses. Premiums charged for insurance coverage are earned principally on a pro rata basis over the terms of the related policies in-force. Asset management fees and mortality and expense fees are primarily generated from separate account assets and assets under management. Cost of insurance charges are assessed on the net amount at risk for investment-oriented life insurance products.

The profitability of the Company's property and casualty insurance businesses over time is greatly influenced by the Company’s underwriting discipline, which seeks to manage exposure to loss through favorable risk selection and diversification, its management of claims, its use of reinsurance, the size of its in force block, actual mortality and morbidity experience, and its ability to manage its expense ratio which it accomplishes through economies of scale and its management of acquisition costs and other underwriting expenses. Pricing adequacy depends on a number of factors, including the ability to obtain regulatory approval for rate changes, proper evaluation of underwriting risks, the ability to project future loss cost frequency and severity based on historical loss experience adjusted for known trends, the Company’s response to rate actions taken by competitors, its expense levels and expectations about regulatory and legal developments. The Company seeks to price its insurance policies such that insurance premiums and future net investment income earned on premiums received will cover underwriting expenses and the ultimate cost of paying claims reported on the policies and provide for a profit margin. For many of its insurance products, the Company is required to obtain approval for its premium rates from state insurance departments.

The financial results in the Company’s mutual fund, ETP and variable annuity businesses depend largely on the amount of the contractholder or shareholder account value or assets under management on which it earns fees and the level of fees charged. Changes in account value or assets under management are driven by two main factors: net flows, and the market return of the funds, which is heavily influenced by the return realized in the equity and fixed income markets. Net flows are comprised of deposits less withdrawals and surrenders, redemptions, death benefits, policy charges and annuitizations of investment type contracts, such as variable annuity contracts. In the mutual fund and ETP business, net flows are known as net sales. Net sales are comprised of new sales less redemptions by mutual fund and ETP shareholders. The Company uses the average daily value of the S&P 500 Index as an indicator for evaluating market returns of the underlying account portfolios for the variable annuity business. Financial results of variable products are highly correlated to the growth in account values or assets under management since these products generally earn fee income on a daily basis. Equity and fixed income market movements could also result in benefits for or charges against DAC.

The profitability of fixed annuities and other “spread-based” products depends largely on the Company’s ability to earn target spreads between earned investment rates on its general account assets and interest credited to policyholders.

The investment return, or yield, on invested assets is an important element of the Company’s earnings since insurance products are priced with the assumption that premiums received can be invested for a period of time before benefits, loss and loss adjustment expenses are paid. Due to the need to maintain sufficient liquidity to satisfy claim obligations, the majority of the Company’s invested assets have been held in available-for-sale securities, including, among other asset classes, equities, corporate bonds, municipal bonds, government debt, short-term debt, mortgage-backed securities and asset-backed securities and collateralized debt obligations.

The primary investment objective for the Company is to maximize economic value, consistent with acceptable risk parameters, including the management of credit risk and interest rate sensitivity of invested assets, while generating sufficient after-tax income to meet policyholder and corporate obligations. Investment strategies are developed based on a variety of factors including business needs, regulatory requirements and tax considerations.

For further information on the Company's reporting segments refer to Part I, Item 1, Business - Reporting Segments in The Hartford’s 2016 Form 10-K Annual Report.

70

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Financial Highlights

Net Income (Loss) Net Income (Loss) per Diluted Share Book Value per Diluted Share

Net income (loss)decreased to a$40 net loss, or $0.11 per basic share and $0.11 per diluted share, from second quarter 2016 net income of $216, or $0.55 per basic share and $0.54 per diluted share, primarily due to a $488, after-tax, pension settlement charge in second quarter 2017, partially offset by the effect of $228, after-tax, of unfavorable reserve development in second quarter 2016 and the accretive effect of share repurchases over the past year.

Common share repurchases during second quarter 2017 totaled $325, or 6.6 million shares and $173 of dividends were paid to shareholders.

Book value per diluted shareincreased to $46.84 from $44.35 as of December 31, 2016 as a result of a 3% decrease in common shares outstanding and dilutive potential common shares and a 2% increase in stockholders' equity resulting primarily from net income and an increase in accumulated other comprehensive income (AOCI) over the six month period, partially offset by common dividends and share repurchases. AOCI increased due to higher net unrealized capital gains and a reduction in unamortized actuarial losses on benefit plans due to a pension settlement in second quarter 2017.

Net Investment Income  Investment Yield After-tax

Net investment income decreased 3% to $715 compared with second quarter 2016 primarily due to lower asset levels, partially offset by higher income from investments in limited partnerships and alternative investments.

Net realized capital gains on sales increased compared with second quarter 2016 primarily due to higher net gains on sales as well as lower net losses on non-qualifying interest rate derivatives.

71

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Annualized investment yield of 2.9%, after-tax, decreased from 3.0%, after-tax, compared with second quarter 2016, primarily due to reinvesting at lower rates.

Net unrealized gains, after-tax, in the investment portfolio increased by $342 in second quarter 2017 due to tighter credit spreads and lower long-term interest rates.

Written Premiums Combined Ratio

Written premiums decreased 1% compared with second quarter 2016 for Property & Casualty reflecting an increase in Commercial Lines more than offset by a decrease in Personal Lines.

Combined ratio forProperty & Casualty decreased 14.9 points to 97.1 compared with a combined ratio of 112.0 in second quarter 2016, largely due to unfavorable reserve development in second quarter 2016 of $351, before-tax, and a decrease in current accident year catastrophe losses, partially offset by a higher current accident year loss ratio before catastrophes in commercial property, commercial lines automobile and personal lines homeowners.

Catastrophe losses of $155, before tax, decreased from catastrophe losses of $184, before tax, in second quarter 2016, largely due to less severe wind and hail events in second quarter 2017.

Prior accident year developmentwas a net favorable $10, before tax, in second quarter 2017, primarily due to a release of prior year catastrophe reserves. Reserve development was a net unfavorable $351, before tax, in second quarter 2016, largely due to an increase in reserves for asbestos and environmental and Personal Lines auto liability.

Net Income Margin - Group Benefits  Net Income - Talcott Resolution

72

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net income marginfor Group Benefits increased to 7.5% from 6.0% in second quarter 2016, due to higher earned premiums and lower incurred loss costs in both group disability and group life.

Net income for Talcott Resolutionwas $105 compared with $104 in second quarter 2016, as higher net realized capital gains and lower insurance operating costs and other expenses was largely offset by lower net investment income and fee income due to the continued runoff of the business.

73

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

CONSOLIDATED RESULTS OF OPERATIONS

The Consolidated Results of Operations should be read in conjunction with the Company's Consolidated Financial Statements and the related Notes beginning on page F-1 as well as with the segment operating results sections of MD&A.

	Three Months Ended June 30,								Six Months Ended June 30,
	2017			2016			Change		2017		2016			Change
Earned premiums	$	3,490		$	3,444		1	%	$	6,963	$	6,848		2	%
Fee income	466			441			6	%	921		886			4	%
Net investment income	715			735			(3	%)	1,443		1,431			1	%
Net realized capital gains (losses)	75			53			42	%	55		(102		)	154	%
Other revenues	23			23			—	%	42		43			(2	%)
Total revenues	4,769			4,696			2	%	9,424		9,106			3	%
Benefits, losses and loss adjustment expenses	2,767			3,142			(12	%)	5,524		5,783			(4	%)
Amortization of deferred policy acquisition costs	368			368			—	%	731		742			(1	%)
Insurance operating costs and other expenses	1,692			931			82	%	2,657		1,859			43	%
Interest expense	81			85			(5	%)	164		171			(4	%)
Total benefits, losses and expenses	4,908			4,526			8	%	9,076		8,555			6	%
Income (loss) before income taxes	(139		)	170			(182	%)	348		551			(37	%)
Income tax expense (benefit)	(99		)	(46		)	(115	%)	10		12			(17	%)
Net income (loss)	$	(40	)	$	216		(119	%)	$	338	$	539		(37	%)

Three months ended June 30,2017 compared to the three months endedJune 30, 2016

Net income (loss)decreased by $256 primarily due to a pension settlement charge of $488, after-tax, in second quarter 2017, largely offset by the effect of adverse prior accident year reserve development of $228, after-tax, in second quarter 2016. Apart from those impacts, net income was higher driven by an increase in earned premiums, fee income and net realized capital gains, a decrease in catastrophe losses and a decrease in Group Benefits life incurred losses. Partially offsetting these increases was a decrease in net investment income and an increase in Property and Casualty current accident year loss costs before catastrophes.

Earned premiumsincreased by 1% or $46, before tax, reflecting growth of 4% in Commercial Lines, including the effect of the Maxum acquisition, and 2% in Group Benefits, partially offset by a 5% decrease in Personal Lines. For a discussion of the Company's operating results by segment, see MD&A - Results of Operations by Segment.

Fee incomeincreased reflecting a 17% increase in Mutual Funds, partially offset by a 3% decline in Talcott Resolution. For a discussion of the Company's operating results by segment, see MD&A - Results of Operations by segment.

Net investment incomedecreased primarily due to lower asset levels as a result of the continued run off of Talcott Resolution, partially offset by higher income from limited partnerships and other alternative investments. For further discussion of investment results, see MD&A - Investment Results,

Net Investment Income (Loss).

Net realized capital gainsincreased due to net gains on sales as a result of duration, liquidity and credit management within corporate, U.S. treasury securities, and equity securities as well as lower net losses on non-qualifying interest rate derivatives. For further discussion of investment results, see MD&A - Investment Results, Net Realized Capital Gains (Losses).

Benefits, losses and loss adjustment expenses decreased in both Property & Casualty and Group Benefits with the decrease in Group Benefits primarily due to lower losses on group life business. The net decrease in incurred losses for Property & Casualty was driven by:

• Current accident year losses and loss adjustment expenses before catastrophes in Property & Casualty increased $19, before tax, primarily resulting from the effect of Commercial Lines earned premium growth in Small Commercial, higher loss costs in Small Commercial automobile and Middle Market commercial property and higher loss costs in homeowners, partially offset by the effect of lower Personal Lines earned premium and lower Personal Lines auto liability loss costs.

• Current accident year catastrophe losses of $155, before tax, for the three months endedJune 30, 2017, compared to $184, before tax, for the prior year period. Catastrophe losses in 2017 were primarily due to multiple wind and hail events across various U.S. geographic regions, primarily in the Midwest, Texas and Colorado. Catastrophe losses in 2016 were primarily due to multiple wind and hail events across various U.S. geographic regions, concentrated in Texas and the plains. For additional information, see MD&A -

74

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Critical Accounting Estimates, Property & Casualty Insurance Product Reserves, Net of Reinsurance.

• Net prior accident year reserve development in Property & Casualty was favorable $10, before tax, for the three months endedJune 30, 2017, compared to unfavorable reserve development of $351, before tax, for the prior year period.Prior accident year development in 2016 was largely due to a $268 increase in asbestos and environmental reserves and a $75 increase in Personal Lines auto liability reserves. For additional information, see MD&A - Critical Accounting Estimates, Reserve Roll Forwards and Development.

Amortization of deferred policy acquisition costswasflat year over year as higher amortization in Commercial Lines was offset by lower amortization in Personal Lines, in line with changes in earned premium in those businesses.

Insurance operating costs and other expenses increased primarily due to a $750 pension settlement charge in second quarter 2017. Apart from the pension settlement charge, insurance operating costs and other expenses increased by 1%, primarily driven by higher underwriting expenses in Commercial Lines and higher variable expenses in Mutual Funds, partially offset by lower direct marketing costs in Personal Lines. For additional information on the pension settlement charge in second quarter 2017, see Note 15 - Employee Benefit Plans of Notes to Condensed Consolidated Financial Statements.

Income tax benefitincreased for the three months endedJune 30, 2017, primarily due to a $309 change from pre-tax income to a pre-tax loss and the effect of federal income tax benefits of $53 for the three months endedJune 30, 2016 arising from the reduction of the deferred tax asset valuation allowance on capital loss carryovers.

Differences between the Company's effective income tax rate and the U.S. statutory rate of 35% are due primarily to tax-exempt interest earned on invested assets, the dividends received deduction and changes in the valuation allowance recorded on capital loss carryovers. For further discussion of income taxes, see Note 11 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Six months ended June 30, 2017 compared to the six months ended June 30,2016

Net income decreased primarily due toa pension settlement charge of $488, after-tax, in the six months ended June 30,2017, largely offset by the effect of adverse prior accident year reserve development of $250, after-tax, in the first half of 2016. Apart from those impacts, net income was higher as an increase in earned premiums, fee income and a change to net realized capital gains from net realized capital losses in the prior year was largely offset by an increase in Property and Casualty current accident year loss costs and an increase in insurance operating costs and other expenses, partly driven by a state guaranty fund assessment in Group Benefits in the first six months of 2017.

Earned premiumsincreased by 2% or $115, before tax, reflecting growth of 4% in Commercial Lines, including the effect of the Maxum acquisition, and 3% in Group Benefits, partially offset by a 4% decrease in Personal Lines. For a discussion of the

Company's operating results by segment, see MD&A - Results of Operations by segment.

Fee incomeincreased reflecting a 16% increase in Mutual Funds, partially offset by a 5% decline in Talcott Resolution. For a discussion of the Company's operating results by segment, see MD&A - Results of Operations by segment.

Net investment incomeincreased modestly, primarily due to higher income from limited partnerships and other alternative investments, partially offset by lower asset levels. For further discussion of investment results, see MD&A - Investment Results, Net Investment Income (Loss).

Net realized capital gainsof $55 in the six months ended June 30,2017 compared to net realized capital losses of $102 in the first six months of 2016 primarily due to higher net gains on sales of securities and the effect of losses on non-qualifying and other derivatives in 2016, partially offset by higher macro hedge program losses in 2017. The higher net gains on sales were the result of duration, liquidity and credit management within corporate, U.S. treasury securities and equity securities. Net realized capital losses on non-qualifying and other derivatives in the first six months of 2016 were primarily due to losses associated with modified coinsurance reinsurance contracts driven by a decline in interest rates and credit spread tightening as well as losses on equity and interest rate derivatives. For further discussion of investment results, see MD&A - Investment Results, Net Realized Capital Gains (Losses).

Benefits, losses and loss adjustment expenses decreased in Property & Casualty and increased in Group Benefits with the increase in Group Benefits primarily due to the effect of growth in earned premium, partially offset by lower life incurred losses. The net decrease in incurred losses for Property & Casualty was driven by:

• Losses and loss adjustment expenses before catastrophes in Property & Casualty increased $86, before tax, primarily resulting from the effect of Commercial Lines earned premium growth in Small Commercial and higher loss costs in Small Commercial automobile, Middle Market commercial property and Personal Lines homeowners, partially offset by the effect of lower Personal Lines earned premium.

• Current accident year catastrophe losses of $305, before tax, for the six months ended June 30,2017, compared to $275, before tax, for the prior year period. Catastrophe losses in 2017 were primarily due to multiple wind and hail events across various U.S. geographic regions, primarily in the Midwest, Colorado, Texas and the Southeast. Catastrophe losses in 2016 were primarily due to multiple wind and hail and winter storm events across various U.S. geographic regions, concentrated in Texas and the central and southern plains and, to a lesser extent, winter storms. For additional information, see MD&A - Critical Accounting Estimates, Property & Casualty Insurance Product Reserves, Net of Reinsurance.

• Unfavorable prior accident year reserve development in Property & Casualty of $2, before tax, for the six months ended June 30,2017, compared to unfavorable reserve development of $384, before tax, for the prior year period. Prior accident year development in 2016 was largely due to a $268 increase in asbestos and environmental reserves and a

75

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

$140 increase in Personal Lines auto liability reserves. For additional information, see MD&A - Critical Accounting Estimates, Reserve Roll Forwards and Development.

Amortization of deferred policy acquisition costsdecreased primarily due to lower amortization on a lower earned premium for Personal Lines and the effect of the run off of Talcott Resolution, partially offset by higher amortization on higher earned premium for Commercial Lines.

Insurance operating costs and other expenses increased primarily due to a $750 pension settlement charge in second quarter 2017. Apart from the pension settlement charge, insurance operating costs and other expenses increased by 3%, primarily driven by higher underwriting expenses in Commercial Lines, higher variable expenses in Mutual Funds and $20, before tax, of state guaranty fund assessments in Group Benefits, partially offset by lower direct marketing costs in Personal Lines. Contributing to the higher underwriting expenses in Commercial Lines was the effect of higher long-term incentive plan compensation costs. Effective with awards granted in March, 2017, long-term incentive compensation awards to retirement-eligible employees now fully

vest when they are granted, which resulted in an accelerated recognition of compensation expense in the first six months of 2017 of $21 pre-tax. For additional information on the pension settlement charge in second quarter 2017, see Note 15 - Employee Benefit Plans of Notes to Condensed Consolidated Financial Statements.

Income tax expensedecreasedslightly for the six months ended June 30,2017, primarily due to a $203 decrease in income before income taxes, largely offset by the effect of federal income tax benefits of $78 for the six months ended June 30,2016 arising from a reduction of the deferred tax asset valuation allowance on capital loss carryovers.

Differences between the Company's effective income tax rate and the U.S. statutory rate of 35% are due primarily to tax-exempt interest earned on invested assets, the dividends received deduction and changes in the valuation allowance recorded on capital loss carryovers. For further discussion of income taxes, see Note 11 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

INVESTMENT RESULTS

	June 30, 2017				December 31, 2016
	Amount		Percent		Amount		Percent
Fixed maturities, available-for-sale ("AFS"), at fair value	$	57,834	78.4	%	$	56,003	79.3	%
Fixed maturities, at fair value using the fair value option ("FVO")	146		0.2	%	293		0.4	%
Equity securities, AFS, at fair value	1,055		1.4	%	1,097		1.6	%
Mortgage loans	5,796		7.9	%	5,697		8.1	%
Policy loans, at outstanding balance	1,433		1.9	%	1,444		1.9	%
Limited partnerships and other alternative investments	2,445		3.3	%	2,456		3.5	%
Other investments [1]	355		0.5	%	403		0.6	%
Short-term investments	4,716		6.4	%	3,244		4.6	%
Total investments	$	73,780	100.0	%	$	70,637	100.0	%

[1] Primarily relates to derivative instruments.

June 30, 2017 compared to December, 31, 2016

Total investmentsincreased primarily due to an increase in fixed maturities, AFS and short-term investments.

Fixed maturities, AFS increased primarily due to purchases of Collateralized Loan Obligations ("CLOs") and tax-exempt municipal bonds as well as an increase in valuations as a

result of tighter credit spreads and lower long-term interest rates.

Short-term investments increased largely due to an increase in short-term investments held as part of the Company's securities lending agreements as well as holding more short-term investments to fund purchase commitments expected to settle after period end. For more information on the securities lending agreements, see Note 6 - Investments.

76

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Investment Income
	Three Months Ended June 30,										Six Months Ended June 30,
	2017					2016					2017					2016
(Before tax)	Amount			Yield [1]		Amount			Yield [1]		Amount			Yield [1]		Amount			Yield [1]
Fixed maturities [2]	$	580		4.2	%	$	604		4.3	%	$	1,155		4.2	%	$	1,199		4.2	%
Equity securities	8			2.6	%	6			2.6	%	13			2.3	%	17			3.7	%
Mortgage loans	61			4.2	%	60			4.3	%	123			4.3	%	120			4.3	%
Policy loans	20			5.7	%	20			5.7	%	39			5.4	%	42			5.9	%
Limited partnerships and other alternative investments	48			8.0	%	40			6.1	%	118			9.9	%	48			3.6	%
Other [3]	26					34					55					61
Investment expense	(28		)			(29		)			(60		)			(56		)
Total net investment income	$	715		4.2	%	$	735		4.2	%	$	1,443		4.2	%	$	1,431		4.1	%
Total net investment income excluding limited partnerships and other alternative investments	$	667		4.1	%	$	695		4.1	%	$	1,325		4.0	%	$	1,383		4.1	%

[1] Yields calculated using annualized net investment income divided by the monthly average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding repurchase agreement and securities lending collateral , if any, and derivatives book value.

[2] Includes net investment income on short-term investments.

[3] Primarily includes income from derivatives that qualify for hedge accounting and hedge fixed maturities.

Three and six months endedJune 30, 2017, compared to the three and six months endedJune 30, 2016

Total net investment income decreased for the three months ended June 30, 2017 compared to the three months ended June 30, 2016 primarily due to lower asset levels as a result of the continued run off of Talcott Resolution, partially offset by higher income from limited partnerships and other alternative investments. Total net investment income increased for the six months endedJune 30, 2017 compared to the six months endedJune 30, 2016 primarily due to higher income from limited partnerships and other alternative investments, partially offset by lower asset levels. Income from limited partnerships and other alternative investments increased due to an increase in valuations of private equity funds as well as losses on hedge funds during the first half of 2016.

Annualized net investment income yield,excluding limited partnerships and other alternative investments, was 4.0% for the six months endedJune 30, 2017, down slightly from 4.1% for the six months endedJune 30, 2016. Excluding non-routine items, which include make-whole payments on fixed maturities, income received from previously impaired securities,

and prepayment penalties on mortgage loans, the annualized investment income yield was 4.0% for both the six months endedJune 30, 2017 and six months ended June 30, 2016.

Average reinvestment rate for the six months ended June 30, 2017, excluding certain U.S. Treasury securities and cash equivalent securities was approximately 3.6% which was below the average yield of sales and maturities of 3.8% for the same period in 2016. For the six months endedJune 30, 2017, the average reinvestment rate of 3.6% increased slightly from 3.5% for the six months endedJune 30, 2016, due to higher interest rates.

We expect the annualized net investment income yield for the 2017 calendar year, excluding limited partnerships and other alternative investments, to be slightly below the portfolio yield earned in 2016. This assumes the Company earns less income in 2017 from make-whole payments on fixed maturities and prepayment penalties on mortgage loans than it did in 2016 and that reinvestment rates continue to be below the average yield of sales and maturities. The estimated impact on net investment income is subject to change as the composition of the portfolio changes through portfolio management and trading activities and changes in market conditions.

77

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Gross gains on sales	$	140		$	124		$	252		$	214
Gross losses on sales	(31		)	(25		)	(106		)	(133		)
Net other-than-temporary impairment ("OTTI") losses recognized in earnings [1]	(14		)	(7		)	(15		)	(30		)
Valuation allowances on mortgage loans [2]	2			—			2			—
Results of variable annuity hedge program
GMWB derivatives, net	20			3			38			(14		)
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total results of variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Transactional foreign currency revaluation	13			(87		)	—			(131		)
Non-qualifying foreign currency derivatives	(17		)	82			(6		)	121
Other, net [2]	—			(17		)	14			(95		)
Net realized capital gains (losses)	$	75		$	53		$	55		$	(102	)

[1] See Other-Than-Temporary Impairments within the Investment Portfolio Risks and Risk Management section of the MD&A.

[2] Primarily consists of changes in value of non-qualifying derivatives, including credit derivatives, interest rate derivatives used to manage duration, and embedded derivatives associated with modified coinsurance reinsurance contracts.

Three and six months endedJune 30, 2017

Gross gains and losses on sales were primarily the result of duration, liquidity and credit management within corporate, residential mortgage-backed securities ("RMBS"), U.S. treasury securities, and equity securities.

Variable annuity hedge program lossesfor the three and six months ended June 30, 2017 included losses on the macro hedge program of $(38) and $(124), respectively, primarily due to losses of $(21) and $(67), respectively, driven by an improvement in domestic equity markets and $(18) and $(36), respectively, driven by time decay on options. Also included for the six months ended June 30, 2017, was a loss of $(28) driven by a decline in equity market volatility. For the three and six months ended June 30, 2017, these losses were partially offset by net gains on the combined GMWB derivatives, net, which include the GMWB product, reinsurance, and hedging derivatives, primarily driven by gains of $3 and $10, respectively, due to policyholder behavior, $4 and $8, respectively, due to outperformance of the underlying actively managed funds compared to their respective indices, and $8 and $8, respectively, due to liability/model assumption updates. Also included for the six months ended June 30, 2017 was a gain of $10 driven by a decline in equity market volatility.

Other, net gains for the three and six month periods were primarily due to gains of $7 and $10, respectively, on credit derivatives due to credit spreads tightening, mostly offset by losses of $(8) and $(10), respectively, associated with modified coinsurance reinsurance contracts driven by a decline in interest rates. Modified coinsurance reinsurance contracts are accounted for as embedded derivatives and transfer to the reinsurer the investment experience related to the assets supporting the reinsured policies. Also included for the six months ended June 30, 2017, were gains primarily related to $10 on interest rate derivatives used to manage duration.

Three and six months endedJune 30, 2016

Gross gains and losses on saleswere primarily due to the sale of U.S. treasury securities, corporate securities, municipal bonds and equity securities. The sales were primarily a result of duration, liquidity and credit management, as well as tactical changes to the portfolio as a result of changing market conditions, including the sales to reduce exposure to energy, emerging markets and other below investment grade corporate securities.

Variable annuity hedge program lossesfor the three and six month periods included losses on the macro hedge program of $(22) and $(33), respectively, driven by an increase in equity markets and losses of $(11) and $(21), respectively, driven by time decay on options, partially offset by gains of $5 and $20, respectively, driven by a decline in interest rates and gains of $9 and $4, respectively, driven by an increase in equity volatility. For the six months ended June 30, 2016, losses on the combined GMWB derivatives, net, was primarily due to losses of $(15) due to an increase in the U.S. equity markets.

Other, netloss for the three and six month periods were primarily due to losses of $(25) and $(47), respectively, associated with modified coinsurance reinsurance contracts driven by a decline in interest rates and tightening of credit spreads. Additional losses for the six months ended June 30, 2016, were due to losses of $(27) on equity derivatives which were hedging against a decline in the equity market on the investment portfolio and losses of $(13) on interest rate derivatives driven by a decline in interest rates.

78

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

CRITICAL ACCOUNTING ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ, and in the past have differed, from those estimates.

The Company has identified the following estimates as critical in that they involve a higher degree of judgment and are subject to a significant degree of variability:

• property and casualty insurance product reserves, net of reinsurance;

• group benefit long-term disability (LTD) reserves, net of reinsurance;

• estimated gross profits used in the valuation and amortization of assets and liabilities associated with variable annuity and other universal life-type contracts;

• living benefits required to be fair valued (in other policyholder funds and benefits payable);

• evaluation of goodwill for impairment;

• valuation of investments and derivative instruments including evaluation of other-than-temporary impairments on available-for-sale securities and valuation allowances on mortgage loans;

• valuation allowance on deferred tax assets; and

• contingencies relating to corporate litigation and regulatory matters.

Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets could have a material impact on the Condensed Consolidated Financial Statements. In developing these estimates, management makes subjective and complex judgments that are inherently uncertain and subject to material change as facts and circumstances develop. Although variability is inherent in these estimates, management believes the amounts provided are appropriate based upon the facts available upon compilation of the financial statements.

The Company’s critical accounting estimates are discussed in Part II, Item 7 MD&A in the Company’s 2016 Form 10-K Annual Report. In addition, Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements included in the Company's 2016 Form 10-K Annual Report should be read in conjunction with this section to assist

with obtaining an understanding of the underlying accounting policies related to these estimates. The following discussion updates certain of the Company’s critical accounting estimates as of June 30, 2017.

Property & Casualty Insurance Product Reserves, Net of Reinsurance

P&C Loss and Loss Adjustment Expense ("LAE") Reserves of $19,321, Net of Reinsurance, by Segment as of June 30, 2017

Based on the results of the quarterly reserve review process, the Company determines the appropriate reserve adjustments, if any, to record. Recorded reserve estimates are adjusted after consideration of numerous factors, including but not limited to, the magnitude of the difference between the actuarial indication and the recorded reserves, improvement or deterioration of actuarial indications in the period, the maturity of the accident year, trends observed over the recent past and the level of volatility within a particular line of business. In general, adjustments are made more quickly to more mature accident years and less volatile lines of business. Such adjustments of reserves are referred to as “prior accident year development”. Increases in previous estimates of ultimate loss costs are referred to as either an increase in prior accident year reserves or as unfavorable reserve development. Decreases in previous estimates of ultimate loss costs are referred to as either a decrease in prior accident year reserves or as favorable reserve development. Reserve development can influence the comparability of year over year underwriting results and is set forth in the paragraphs and tables that follow.

79

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Roll-forward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and Loss Adjustment Expenses for theSix Months EndedJune 30, 2017

	Commercial Lines		Personal Lines			Property & Casualty Other Operations		Total Property & Casualty Insurance
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	17,238	$	2,094		$	2,501	$	21,833
Reinsurance and other recoverables	2,325		25			426		2,776
Beginning liabilities for unpaid losses and loss adjustment expenses, net	14,913		2,069			2,075		19,057
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes	1,962		1,296			—		3,258
Current accident year ("CAY") catastrophes ("CATS")	134		171			—		305
Prior accident year development ("PYD")	15		(14		)	1		2
Total provision for unpaid losses and loss adjustment expenses	2,111		1,453			1		3,565
Less: payments	1,737		1,431			133		3,301
Ending liabilities for unpaid losses and loss adjustment expenses, net	15,287		2,091			1,943		19,321
Reinsurance and other recoverables	2,384		24			401		2,809
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	17,671	$	2,115		$	2,344	$	22,130
Earned premiums	$	3,427	$	1,886
Loss and loss expense paid ratio [1]	50.7		75.9
Loss and loss expense incurred ratio	61.9		78.0
Prior accident year development (pts) [2]	0.4		(0.8		)

[1] The “loss and loss expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums.

[2] “Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Catastrophe Losses of $305 for the Six Months EndedJune 30, 2017

[1] These amounts represent an aggregation of multiple catastrophes.

[2] Includes Commercial Lines of $1 and Personal Lines of $3.

80

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

(Favorable) Unfavorable Prior Accident Year Development for the Three Months Ended June 30, 2017

	Commercial Lines			Personal Lines			Total Property & Casualty Insurance
Workers’ compensation discount accretion	$	8		$	—		$	8
Commercial property	(7		)	—			(7		)
Catastrophes	(2		)	(8		)	(10		)
Other reserve re-estimates, net	1			(2		)	(1		)
Total prior accident year development	$	—		$	(10	)	$	(10	)

(Favorable) Unfavorable Prior Accident Year Development for the Six Months Ended June 30, 2017
	Commercial Lines			Personal Lines			Property & Casualty Other Operations		Total Property & Casualty Insurance
Workers’ compensation	$	(20	)	$	—		$	—	$	(20	)
Workers’ compensation discount accretion	16			—			—		16
General liability	10			—			—		10
Commercial property	(6		)	—			—		(6		)
Bond	(10		)	—			—		(10		)
Automobile liability	20			—			—		20
Catastrophes	(2		)	(11		)	—		(13		)
Other reserve re-estimates, net	7			(3		)	1		5
Total prior accident year development	$	15		$	(14	)	$	1	$	2

Workers’ compensation reservesin Small Commercial were reduced given the continued emergence of favorable frequency for accident years 2013 to 2015. Management has placed additional weight on this favorable experience as it becomes more credible.

General liability reserves were increased for the 2013 to 2016 accident years on a class of business that insures service and maintenance contractors. This increase was partially offset by a decrease in recent accident year reserves for other Middle Market general liability reserves.

Bond business reservesrelated to recent accident years were reduced as reported losses for commercial and contract surety have emerged favorably.

Automobile liability reserves within Commercial Lines were increased in Small Commercial and large national accounts for the 2013 to 2016 accident years, driven by higher frequency of more severe accidents, including litigated claims.

Catastrophes reserveswere reduced primarily due to lower estimates of 2016 wind and hail event losses and a decrease in losses on a 2015 wildfire.

81

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Roll-forward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for theSix Months EndedJune 30, 2016

	Commercial Lines			Personal Lines		Property & Casualty Other Operations		Total Property & Casualty Insurance
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	16,559		$	1,845	$	3,421	$	21,825
Reinsurance and other recoverables	2,293			19		570		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	14,266			1,826		2,851		18,943
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes	1,851			1,321		—		3,172
Current accident year catastrophes	124			151		—		275
Prior accident year development	(14		)	128		270		384
Total provision for unpaid losses and loss adjustment expenses	1,961			1,600		270		3,831
Less: payments	1,739			1,471		406		3,616
Ending liabilities for unpaid losses and loss adjustment expenses, net	14,488			1,955		2,715		19,158
Reinsurance and other recoverables	2,184			18		544		2,746
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	16,672		$	1,973	$	3,259	$	21,904
Earned premiums	$	3,273		$	1,951
Loss and loss expense paid ratio [1]	53.1			75.4
Loss and loss expense incurred ratio	59.9			82.0
Prior accident year development (pts) [2]	(0.4		)	6.6

[1] The “loss and loss expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums.

[2] “Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Catastrophe Losses of $275 for the Six Months EndedJune 30, 2016

[1] These amounts represent an aggregation of multiple catastrophes.

82

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

(Favorable) Unfavorable Prior Accident Year Development for the Three Months Ended June 30, 2016

	Commercial Lines			Personal Lines			Property & Casualty Other Operations		Total Property & Casualty Insurance
Workers’ compensation	$	(4	)	$	—		$	—	$	(4	)
Workers’ compensation discount accretion	7			—			—		7
General liability	34			—			—		34
Package business	7			—			—		7
Commercial property	(1		)	—			—		(1		)
Automobile liability	(8		)	75			—		67
Homeowners	—			1			—		1
Net asbestos reserves	—			—			197		197
Net environmental reserves	—			—			71		71
Catastrophes	1			1			—		2
Uncollectible reinsurance	(30		)	—			—		(30		)
Other reserve re-estimates, net	—			(1		)	1		—
Total prior accident year development	$	6		$	76		$	269	$	351

(Favorable) Unfavorable Prior Accident Year Development for the Six Months Ended June 30, 2016
	Commercial Lines			Personal Lines			Property & Casualty Other Operations		Total Property & Casualty Insurance
Workers’ compensation	$	(83	)	$	—		$	—	$	(83	)
Workers’ compensation discount accretion	14			—			—		14
General liability	66			—			—		66
Package business	52			—			—		52
Commercial property	(3		)	—			—		(3		)
Professional liability	(33		)	—			—		(33		)
Bond	(6		)	—			—		(6		)
Automobile liability	1			140			—		141
Homeowners	—			(5		)	—		(5		)
Net asbestos reserves	—			—			197		197
Net environmental reserves	—			—			71		71
Catastrophes	(1		)	(4		)	—		(5		)
Uncollectible reinsurance	(30		)	—			—		(30		)
Other reserve re-estimates, net	9			(3		)	2		8
Total prior accident year development	$	(14	)	$	128		$	270	$	384

Workers' compensation reservesdecreased for accident years 2013 through 2015 due to favorable frequency and, to a lesser extent, lower medical severity trends. Loss costs for these accident years continued to emerge favorably and management has been placing additional weight on this favorable experience as it becomes more credible.

General liability reservesincreased for accident years 2012 through 2015 primarily due to higher severity losses incurred on a class of business that insures service and maintenance contractors and, in second quarter 2016, increased reserves in general liability for accident years 2008 and 2010 primarily due to indemnity losses and legal costs associated with a litigated claim.

Small Commercial package business reservesincreased due to higher than expected severity on liability claims, principally for accident years 2013 through 2015. Severity for these accident years has developed unfavorably and management has placed more weight on emerged experience.

Professional liability reservesdecreased for claims made years 2008 through 2013, primarily for large accounts, including on non-securities class action cases. Claim costs have emerged favorably as these years have matured and management has placed more weight on the emerged experience.

Automobile liability reservesincreased in personal lines in the three month period, primarily due to higher than expected emerged severity of bodily injury claims and higher than

83

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

expected emerged frequency of uninsured and under-insured motorist claims related to accident year 2015. For the six month period, unfavorable reserve development primarily related to increased bodily injury frequency and severity for the 2015 accident year and increased bodily injury severity for the 2014 accident year.  Increases in auto liability loss costs were across both the direct and agency distribution channels.

Asbestos and environmental reserves increased during the period as a result of the 2016 comprehensive annual review. For a discussion of the Company's 2016 review of asbestos and environmental reserves, see Part II, Item 7 MD&A, Critical Accounting Estimates, Property & Casualty Other Operations section in the Company’s 2016 Form 10-K Annual Report.

Uncollectible reinsurance reservesdecreased as a result of giving greater weight to favorable collectability experience in recent calendar periods in estimating future collections.

P&C Other Operations Total Reserves, Net of Reinsurance

Asbestos and Environmental Reserves

Reserves for asbestos and environmental are primarily within P&C Other Operations with less significant amounts of asbestos and environmental reserves included within Commercial Lines and Personal Lines reporting segments (collectively "Ongoing Operations"). The following tables include all asbestos and environmental reserves, including reserves in P&C Other Operations and Ongoing Operations.

Asbestos and Environmental Net Reserves

	Asbestos		Environmental
June 30, 2017
Property and Casualty Other Operations	$	1,213	$	202
Commercial Lines and Personal Lines	75		57
Ending liability — net	$	1,288	$	259
December 31, 2016
Property and Casualty Other Operations	$	1,282	$	234
Commercial Lines and Personal Lines	81		58
Ending liability — net	$	1,363	$	292

Property & Casualty Reserves Asbestos and Environmental ("A&E") Summary as of June 30, 2017

		Asbestos			Environmental			Total A&E
Gross
	Direct	$	1,482		$	275		$	1,757
	Assumed Reinsurance	153			5			158
	Total	1,635			280			1,915
Ceded		(347		)	(21		)	(368		)
Net		$	1,288		$	259		$	1,547

Roll-Forward of Asbestos and Environmental Losses and LAE for the Six Months EndedJune 30, 2017 and June 30, 2016

	Asbestos		Environmental
2017
Beginning liability—net	$	1,363	$	292
Reclassification of allowance for uncollectible reinsurance [1]	1		—
Less: losses and loss adjustment expenses paid	76		33
Ending liability – net	$	1,288	$	259
2016
Beginning liability—net	$	1,803	$	318
Losses and loss adjustment expenses incurred	197		71
Less: losses and loss adjustment expenses paid	350		22
Ending liability – net	$	1,650	$	367

[1] Related to the reclassification of an allowance for uncollectible reinsurance from the "All Other" category of P&C Other Operations reserves.

84

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The Company classifies its asbestos and environmental reserves into two categories: Direct and Assumed Reinsurance.

• Direct Insurance- includes primary and excess coverage. Of the two categories of claims, direct policies tend to have the greatest factual development from which to estimate the Company’s exposures.

• Assumed Reinsurance- includes both “treaty” reinsurance (covering broad categories of claims or blocks of business) and “facultative” reinsurance (covering specific risks or individual policies of primary or excess insurance companies). Assumed Reinsurance exposures are less predictable than direct insurance exposures because the Company does not generally receive notice of a reinsurance claim until the underlying direct insurance claim is mature. This causes a delay in the receipt of information at the reinsurer level and adds to the uncertainty of estimating related reserves.

Net Survival Ratio

Net survival ratio is the quotient of the net carried reserves divided by average annual payments net of reinsurance and is an indication of the number of years that net carried reserves would last (i.e. survive) if future annual net payments were consistent with the calculated historical average.

The net survival ratios shown below are calculated for the one and three year periods ended June 30, 2017 and are calculated excluding the effect of net reserves for asbestos and environmental related to the second quarter 2017 sale of the Company's U.K. Property & Casualty run-off subsidiaries. See section that follows entitled Adverse Development Cover which could materially affect the survival ratio of net reserves given that adverse development of asbestos and environmental reserves, if any, subsequent to December 31, 2016 will be ceded to NICO up to the reinsurance limit.  For asbestos, the table also presents the net survival ratios excluding the effect of the PPG Industries ("PPG") settlement in the second quarter of 2016.

Net Survival Ratios

	Asbestos	Environmental
One year net survival ratio	7.0	3.9
Three year net survival ratio	4.7	4.4
One year net survival ratio - excluding PPG settlement	8.1
Three year net survival ratio - excluding PPG settlement	7.3

Asbestos and Environmental Paid and Incurred Losses and LAE Development for the Six Months EndedJune 30, 2017

	Asbestos					Environmental
	Paid Losses &  LAE			Incurred Losses &  LAE		Paid Losses &  LAE			Incurred Losses &  LAE
Gross
Direct	$	72		$	—	$	38		$	—
Assumed Reinsurance	24			—		2			—
Total	96			—		40			—
Ceded	(20		)	—		(7		)	—
Net	$	76		$	—	$	33		$	—

Annual Reserve Reviews

Review of Asbestos Reserves

In 2017, the Company expects to perform its regular comprehensive annual review of asbestos reserves in the fourth quarter.

As part of its evaluation in the second quarter of 2016, the Company reviewed all of its open direct domestic insurance accounts exposed to asbestos liability, as well as assumed reinsurance accounts. Based on this evaluation, the Company increased its net asbestos reserves for prior year development by $197 in second quarter 2016.

Review of Environmental Reserves

In 2017, the Company expects to perform its regular comprehensive annual review of environmental reserves in the fourth quarter.

As part of its evaluation in the second quarter of 2016, the Company reviewed all of its open direct domestic insurance accounts exposed to environmental liability, as well as assumed reinsurance accounts and its London Market exposures for both direct and assumed reinsurance. Based on this evaluation, the Company increased its net environmental reserves for prior year development by $71 in second quarter 2016.

2016 Reserve Reviews

For a discussion of the Company's 2016 comprehensive annual review of asbestos and environmental reserves, see Part II, Item 7 MD&A, Critical Accounting Estimates, Property & Casualty Other Operations section in the Company’s 2016 Form 10-K Annual Report.

Adverse Development Cover

Effective December 31, 2016, the Company entered into an asbestos and environmental adverse development cover (“ADC”) reinsurance agreement with National Indemnity Company (“NICO”), a subsidiary of Berkshire Hathaway Inc., to reduce uncertainty about potential adverse development.  Under the ADC, the Company paid a reinsurance premium of $650 for NICO to assume adverse net loss and allocated loss adjustment expense reserve development up to $1.5 billion above the Company’s existing net asbestos and environmental (“A&E”) reserves as of

85

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

December 31, 2016 of approximately $1.7 billion.  The $650 reinsurance premium was placed in a collateral trust account as security for NICO’s claim payment obligations to the Company. The Company has retained the risk of collection on amounts due from other third-party reinsurers and continues to be responsible for claims handling and other administrative services, subject to certain conditions.  The ADC covers substantially all the Company’s A&E reserve development up to the reinsurance limit. The ADC excludes risk of adverse development on net asbestos and environmental reserves that were part of the Company’s U.K. Property and Casualty run-off subsidiaries that were sold in May 2017, which have been accounted for as liabilities held for sale in the consolidated balance sheets as of December 31, 2016.

The ADC has been accounted for as retroactive reinsurance and the Company reported the $650 cost as a loss on reinsurance transaction in the fourth quarter of 2016. Under retroactive reinsurance accounting, net adverse asbestos and environmental reserve development after December 31, 2016, if any, will result in an offsetting reinsurance recoverable up to the $1.5 billion limit.  Cumulative ceded losses up to the $650 reinsurance premium paid would be recognized as a dollar-for-dollar offset to direct losses incurred.  Cumulative ceded losses exceeding the $650 reinsurance premium paid would result in a deferred gain.  The deferred gain would be recognized over the claim settlement period in the proportion of the amount of cumulative ceded losses collected from the reinsurer to the estimated ultimate reinsurance recoveries. Consequently, until periods when the deferred gain is recognized as a benefit to earnings, cumulative adverse development of asbestos and environmental claims after December 31, 2016 in excess of $650 may result in significant charges against earnings.

Uncertainties Regarding Adequacy of Asbestos and Environmental Reserves

A number of factors affect the variability of estimates for asbestos and environmental reserves before considering the effect of the reinsurance agreement with NICO, including assumptions with respect to the frequency of claims, the average severity of those claims settled with payment, the dismissal rate of claims with no payment, resolution of coverage disputes with our policyholders and the expense to indemnity ratio. The uncertainty with respect to the underlying reserve assumptions for asbestos and environmental adds a greater degree of variability to these reserve estimates than reserve estimates for more traditional exposures.

As of June 30, 2017 , the Company reported $1.3 billion of net asbestos reserves and $259 million of net environmental reserves. The Company believes that its current asbestos and environmental reserves are appropriate. However, analyses of future developments could cause The Hartford to change its estimates of its asbestos and environmental reserves. As discussed above the effect of these changes could be material to the Company's liquidity and, if cumulative adverse development subsequent to December 31, 2016 exceeded $650, the effect of the changes could be material to the Company's consolidated operating results. The process of estimating asbestos and environmental reserves remains subject to a wide variety of uncertainties, which are detailed in the Company's 2016 Form 10-K Annual Report.

Consistent with the Company's long-standing reserve practices, the Company will continue to review and monitor its reserves in Property & Casualty Other Operations regularly, including its annual reviews of asbestos liabilities, reinsurance recoverables and the allowance for uncollectible reinsurance, and environmental liabilities, and where future developments indicate, make appropriate adjustments to the reserves. For a discussion of the Company's reserving practices, see MD&A - Critical Accounting Estimates, Property & Casualty Insurance Product Reserves, Net of Reinsurance in the Company's 2016 Form 10-K Annual Report.

Estimated Gross Profits

Estimated gross profits (“EGPs”) are used in the valuation and amortization of assets, including DAC and SIA. Portions of EGPs are also used in the valuation of reserves for death and other insurance benefit features on variable annuity and other universal life type contracts.

Talcott Resolution Significant EGP - based Balances
	As of June 30, 2017		As of December 31, 2016
DAC	$	1,000	$	1,066
SIA	$	51	$	53
Death and Other Insurance Benefit Reserves, net of reinsurance [1]	$	356	$	354

[1] For additional information on death and other insurance benefit reserves, see Note 9 - Reserve for Future Policy Benefits and Separate Account Liabilities of Notes to Condensed Consolidated Financial Statements.

Talcott Resolution Benefit to Income, Net of Tax, as a Result of Unlock
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
DAC	$	10	$	11	$	22	$	12
SIA	—		—		1		1
Death and Other Insurance Benefit Reserves	10		7		15		18
Total (before tax)	20		18		38		31
Income tax effect	7		7		13		11
Total (after-tax)	$	13	$	11	$	25	$	20

The Unlock benefit of $13 and $25, after-tax, for the three and six months endedJune 30, 2017, respectively, was primarily due to separate account returns being above our aggregated estimated returns during the period largely due to an increase in equity markets.

The Unlock benefit of $11 and $20, after-tax, for the three and six months endedJune 30, 2016 was primarily due to separate account returns being above our aggregated estimated returns during the period largely due to an increase in equity markets.

86

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Use of Estimated Gross Profits in Amortization and Reserving

For most annuity contracts, the Company estimates gross profits over 20 years as EGPs emerging subsequent to that time frame are immaterial. Products sold in a particular year are aggregated into cohorts. Future gross profits for each cohort are projected over the estimated lives of the underlying contracts, based on future account value projections for variable annuity products. The projection of future account values requires the use of certain assumptions including: separate account returns; separate account fund mix; fees assessed against the contract holder’s account balance; surrender and lapse rates; interest margin; mortality; and the extent and duration of hedging activities and hedging costs. Changes in these assumptions and changes to other policyholder behavior assumptions such as resets, partial surrenders, reaction to price increases, and asset allocations cause EGPs to fluctuate, which impacts earnings.

The Company determines EGPs from a single deterministic reversion to mean (“RTM”) separate account return projection which is an estimation technique commonly used by insurance entities to project future separate account returns. Through this estimation technique, the Company’s DAC model is adjusted to reflect actual account values at the end of each quarter. Through consideration of recent market returns, the Company will unlock, or adjust, projected returns over a future period so that the account value returns to the long-term expected rate of return, providing that those projected returns do not exceed certain caps.

Market Unlocks

In addition to updating assumptions in the fourth quarter of each year, an Unlock revises EGPs, on a quarterly basis, to reflect the Company’s current best estimate assumptions and market updates of policyholder account value. The Unlock for future separate account returns is determined each quarter. Under RTM, the expected long-term weighted average rate of return is 8.3%. The annual return assumed over the next five years of approximately 0.5% was calculated based on the return needed over that period to produce an 8.3% return since March of 2009, the date the Company adopted the RTM estimation technique to project future separate account returns. Based on the expected trend of policy lapses and annuitizations, the Company expects approximately 50% of its block of variable annuities to run off in the next 5 years.

Aggregate Recoverability

After each quarterly Unlock, the Company also tests the aggregate recoverability of DAC by comparing the DAC balance to the present value of future EGPs. The margin between the DAC balance and the present value of future EGPs for variable annuities was 42% as of June 30, 2017. If the margin between the DAC asset and the present value of future EGPs is exhausted, then further reductions in EGPs would cause portions of DAC to be unrecoverable and the DAC asset would be written down to equal future EGPs.

Valuation Allowance on Deferred Tax Assets

Deferred tax assets represent the tax benefit of future deductible temporary differences and tax carryforwards. Deferred tax assets are measured using the enacted tax rates expected to be in effect when such benefits are realized if there is no change in tax law. Under U.S. GAAP, we test the value of deferred tax assets for impairment on a quarterly basis at the entity level within each tax jurisdiction, consistent with our filed tax returns. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. The determination of the valuation allowance for our deferred tax assets requires management to make certain judgments and assumptions. In evaluating the ability to recover deferred tax assets, we have considered all available evidence as of June 30, 2017, including past operating results, forecasted earnings, future taxable income, and prudent and feasible tax planning strategies. In the event we determine it is not more likely than not that we will be able to realize all or part of our deferred tax assets in the future, an increase to the valuation allowance would be charged to earnings in the period such determination is made. Likewise, if it is later determined that it is more likely than not that those deferred tax assets would be realized, the previously provided valuation allowance would be reversed. Our judgments and assumptions are subject to change given the inherent uncertainty in predicting future performance and specific industry and investment market conditions.

As of June 30, 2017 and December 31, 2016, the Company had no valuation allowance. In assessing the need for a valuation allowance, management considered future taxable temporary difference reversals, future taxable income exclusive of reversing temporary differences and carryovers, taxable income in open carry back years and other tax planning strategies. From time to time, tax planning strategies could include holding a portion of debt securities with market value losses until recovery, altering the level of tax exempt securities held, making investments which have specific tax characteristics, and business considerations such as asset-liability matching. Management views such tax planning strategies as prudent and feasible, and would implement them, if necessary, to realize the deferred tax assets.

87

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

SEGMENT OPERATING SUMMARIES

COMMERCIAL LINES

Results of Operations

Underwriting Summary

	Three Months Ended June 30,							Six Months Ended June 30,
	2017			2016		Change		2017		2016			Change
Written premiums	$	1,706		$	1,669	2	%	$	3,527	$	3,395		4	%
Change in unearned premium reserve	(14		)	19		(174	%)	119		122			(2	%)
Earned premiums	1,720			1,650		4	%	3,408		3,273			4	%
Fee income	9			9		—	%	19		19			—	%
Losses and loss adjustment expenses
Current accident year before catastrophes	994			938		6	%	1,962		1,851			6	%
Current accident year catastrophes	63			80		(21	%)	134		124			8	%
Prior accident year development	—			6		(100	%)	15		(14		)	NM
Total losses and loss adjustment expenses	1,057			1,024		3	%	2,111		1,961			8	%
Amortization of deferred policy acquisition costs	252			242		4	%	501		484			4	%
Underwriting expenses	324			307		6	%	647		612			6	%
Dividends to policyholders	3			4		(25	%)	7		8			(13	%)
Underwriting gain	93			82		13	%	161		227			(29	%)
Net servicing income	1			—		NM		1		—			NM
Net investment income [1]	240			226		6	%	483		435			11	%
Net realized capital gains (losses) [1]	32			25		28	%	43		(8		)	NM
Other income	—			—		—	%	1		1			—	%
Income before income taxes	366			333		10	%	689		655			5	%
Income tax expense [2]	108			96		13	%	200		193			4	%
Net income	$	258		$	237	9	%	$	489	$	462		6	%

[1] For discussion of consolidated investment results, see MD&A - Investment Results, Net Investment Income (Loss) and Net Realized Capital Gains (Losses).

[2] For discussion of income taxes, see Note 11 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Premium Measures [1]

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
New business premium	$	277		$	287		$	590		$	562
Standard commercial lines policy count retention	83		%	83		%	84		%	83		%
Standard commercial lines renewal written price increase	3.5		%	2.2		%	3.4		%	2.2		%
Standard commercial lines renewal earned price increase	2.7		%	2.4		%	2.6		%	2.4		%
Standard commercial lines policies in-force as of end of period (in thousands)							1,344			1,320

[1] Standard commercial lines consists of Small Commercial and Middle Market. Standard Commercial premium measures exclude Middle Market programs and livestock lines of business.

88

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Underwriting Ratios

	Three Months Ended June 30,				Six Months Ended June 30,
	2017	2016	Change		2017	2016		Change
Loss and loss adjustment expense ratio
Current accident year before catastrophes	57.8	56.8	1.0		57.6	56.6		1.0
Current accident year catastrophes	3.7	4.8	(1.1	)	3.9	3.8		0.1
Prior accident year development	—	0.4	(0.4	)	0.4	(0.4	)	0.8
Total loss and loss adjustment expense ratio	61.5	62.1	(0.6	)	61.9	59.9		2.0
Expense ratio	33.0	32.7	0.3		33.1	32.9		0.2
Policyholder dividend ratio	0.2	0.2	—		0.2	0.2		—
Combined ratio	94.6	95.0	(0.4	)	95.3	93.1		2.2
Current accident year catastrophes and prior year development	3.7	5.2	(1.5	)	4.3	3.4		0.9
Underlying combined ratio	90.9	89.8	1.1		90.9	89.7		1.2

Net Income

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Net income increased for the three months endedJune 30, 2017 primarily due to increases in net investment income, net realized capital gains and underwriting gain.

Net income increased for the six months endedJune 30, 2017 primarily due to a change to net realized capital gains in 2017 from net realized capital losses in 2016, as well as higher net investment income, partially offset by a lower underwriting gain.

Underwriting Gain

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Underwriting gainincreased for the three months endedJune 30, 2017 due to higher earned premiums and lower current accident year catastrophes, partially offset by higher underwriting expenses and higher current accident year losses and loss adjustment expenses before catastrophes, mostly in Small Commercial auto and Middle Market property.

Underwriting gaindecreased for the six months endedJune 30, 2017 due to higher current accident year losses and loss adjustment expenses, including higher catastrophes, as well as a change to unfavorable prior accident year reserve development and higher underwriting expenses, partially offset by earned premium growth.

89

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Earned Premiums

[1] Other of $11 and $12 for the three months endedJune 30, 2016, and 2017, and $22 and $24 for the six months endedJune 30, 2016, and 2017, respectively, is included in the total.

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Earned premiums increased for the three and six months endedJune 30, 2017 reflecting written premium growth over the preceding twelve months.

Written premiumsincreased for the three months endedJune 30, 2017 due to growth in Small Commercial, partially offset by declines in Middle Market and Specialty Commercial. Written premiums increased for the six months ended June 30, 2017 primarily due to growth in Small Commercial and, to a lesser extent, growth in Middle Market and Specialty Commercial.

• Small Commercial written premium growth for both the three and six month periods was primarily due to higher renewal premium driven by renewal written price increases and growth from the acquisition of Maxum, partially offset by lower new business premium, excluding Maxum, and, for the three month period, the effect of lower policy retention.

• Middle Market written premiums declined for the three months endedJune 30, 2017 due to lower new business premium, partially offset by the effect of renewal written price increases. For the six month period, Middle Market written premium growth was primarily driven by higher new business and audit premium and renewal written pricing increases.

• Specialty Commercial written premium declined for the three months ended June 30, 2017 primarily due to a decline in National Accounts. For the six month period, Specialty Commercial written premium growth was primarily due to higher new and renewal premium in Bond, partially offset by a decline in National Accounts.

• For the three months endedJune 30, 2017, renewal written price increases averaged 3.5% in standard commercial, which included 4.7% for Small Commercial and 1.3% for Middle Market.

Loss and LAE Ratio before Catastrophes and Prior Accident Year Development

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Loss and LAE ratio before catastrophes and prior accident year developmentincreased for the three and six months endedJune 30, 2017 principally due to a higher loss and loss adjustment expense ratio in commercial automobile, driven by elevated severity, and higher commercial property losses in Middle Market.

90

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Catastrophes and (Favorable) Unfavorable Prior Accident Year Development

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Current accident year catastrophe losses totaled $63, before tax, for the three months endedJune 30, 2017, compared to $80, before tax, for the three months endedJune 30, 2016. Catastrophe losses for the three months endedJune 30, 2017 were primarily due to wind and hail events in the Midwest, Texas and Colorado. Catastrophe losses for the three months endedJune 30, 2016 were primarily due to multiple wind and hail events concentrated in Texas and central plains.

Current accident year catastrophe losses totaled $134, before tax, for the six months endedJune 30, 2017, compared to $124, before tax, for the six months endedJune 30, 2016. Catastrophe losses for the six months endedJune 30, 2017 were primarily due to wind and hail events in the Midwest, Colorado, Texas and the Southeast. Catastrophe losses for the six months endedJune 30, 2016 were primarily due to wind and hail events and winter storms across various U.S. geographic regions.

Prior accident year development was zero for the three months endedJune 30, 2017, compared to unfavorable prior accident year development of $6, before tax, for the three months endedJune 30, 2016. For the three months endedJune 30, 2017, a reduction of commercial property and catastrophe reserves was offset by workers’ compensation discount accretion. Net reserve increases for the three months endedJune 30, 2016 were primarily related to increases in general liability reserves, partially offset by decreased reserves for uncollectible reinsurance.

Prior accident year development of $15, before tax, was unfavorable for the six months endedJune 30, 2017, compared to favorable prior accident year development of $14, before tax, for the six months endedJune 30, 2016. Net reserve increases for the six months endedJune 30, 2017 were primarily

related to commercial automobile liability, and general liability, largely offset by a decrease in reserves for bond. Net reserve decreases for the six months endedJune 30, 2016 were primarily related to decreases in workers' compensation, professional liability, and uncollectible reinsurance, partially offset by increases in reserves related to Small Commercial package business, and in general liability for a class of business that insures service and maintenance contractors.

91

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

PERSONAL LINES

Results of Operations

Underwriting Summary

	Three Months Ended June 30,								Six Months Ended June 30,
Underwriting Summary	2017			2016			Change		2017			2016			Change
Written premiums	$	925		$	992		(7	%)	$	1,814		$	1,945		(7	%)
Change in unearned premium reserve	(5		)	16			(131	%)	(50		)	(6		)	NM
Earned premiums	930			976			(5	%)	1,864			1,951			(4	%)
Fee income	11			10			10	%	22			19			16	%
Losses and loss adjustment expenses
Current accident year before catastrophes	652			689			(5	%)	1,296			1,321			(2	%)
Current accident year catastrophes	92			104			(12	%)	171			151			13	%
Prior accident year development	(10		)	76			(113	%)	(14		)	128			(111	%)
Total losses and loss adjustment expenses	734			869			(16	%)	1,453			1,600			(9	%)
Amortization of DAC	79			89			(11	%)	160			178			(10	%)
Underwriting expenses	141			151			(7	%)	279			314			(11	%)
Underwriting loss	(13		)	(123		)	89	%	(6		)	(122		)	95	%
Net servicing income [1]	4			5			(20	%)	7			9			(22	%)
Net investment income [2]	35			33			6	%	71			64			11	%
Net realized capital gains (losses) [2]	5			4			25	%	7			(1		)	NM
Other expense	(1		)	—			NM		(2		)	—			NM
Income (loss) before income taxes	30			(81		)	137	%	77			(50		)	NM
Income tax expense (benefit) [3]	6			(31		)	119	%	20			(23		)	187	%
Net income (loss)	$	24		$	(50	)	148	%	$	57		$	(27	)	NM

[1] Includes servicing revenues of$23and$23for thethree months endedJune 30, 2017and2016, and$42and$43for thesix months endedJune 30, 2017, respectively.

[2] For discussion of consolidated investment results, see MD&A - Investment Results, Net Investment Income (Loss) and Net Realized Capital Gains (Losses).

[3] For discussion of income taxes, see Note 11 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Written and Earned Premiums

	Three Months Ended June 30,						Six Months Ended June 30,
Written Premiums	2017		2016		Change		2017		2016		Change
Product Line
Automobile	$	638	$	686	(7	%)	$	1,283	$	1,376	(7	%)
Homeowners	287		306		(6	%)	531		569		(7	%)
Total	$	925	$	992	(7	%)	$	1,814	$	1,945	(7	%)
Earned Premiums
Product Line
Automobile	$	652	$	680	(4	%)	$	1,306	$	1,358	(4	%)
Homeowners	278		296		(6	%)	558		593		(6	%)
Total	$	930	$	976	(5	%)	$	1,864	$	1,951	(4	%)

92

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Premium Measures

	Three Months Ended June 30,						Six Months Ended June 30,
Premium Measures	2017			2016			2017			2016
Policies in-force end of period (in thousands)
Automobile							1,839			2,053
Homeowners							1,109			1,239
New business written premium
Automobile	$	38		$	83		$	80		$	193
Homeowners	$	12		$	21		$	24		$	44
Policy count retention
Automobile	81		%	84		%	82		%	84		%
Homeowners	83		%	84		%	82		%	84		%
Renewal written price increase
Automobile	10.6		%	6.9		%	10.5		%	6.5		%
Homeowners	9.2		%	7.3		%	9.0		%	7.7		%
Renewal earned price increase
Automobile	9.1		%	5.9		%	8.7		%	5.8		%
Homeowners	8.5		%	7.5		%	8.3		%	7.3		%

Underwriting Ratios

	Three Months Ended June 30,					Six Months Ended June 30,
Underwriting Ratios	2017		2016	Change		2017		2016	Change
Loss and loss adjustment expense ratio
Current accident year before catastrophes	70.1		70.6	(0.5	)	69.5		67.7	1.8
Current accident year catastrophes	9.9		10.7	(0.8	)	9.2		7.7	1.5
Prior year development	(1.1	)	7.8	(8.9	)	(0.8	)	6.6	(7.4	)
Total loss and loss adjustment expense ratio	78.9		89.0	(10.1	)	78.0		82.0	(4.0	)
Expense ratio	22.5		23.6	(1.1	)	22.4		24.2	(1.8	)
Combined ratio	101.4		112.6	(11.2	)	100.3		106.3	(6.0	)
Current accident year catastrophes and prior year development	8.8		18.5	(9.7	)	8.4		14.3	(5.9	)
Underlying combined ratio	92.6		94.2	(1.6	)	91.9		92.0	(0.1	)

Product Combined Ratios

	Three Months Ended June 30,				Six Months Ended June 30,
	2017	2016	Change		2017	2016	Change
Automobile
Combined ratio	100.8	117.0	(16.2	)	99.1	111.8	(12.7	)
Underlying combined ratio	99.1	102.7	(3.6	)	97.8	99.4	(1.6	)
Homeowners
Combined ratio	103.4	102.4	1.0		103.4	93.5	9.9
Underlying combined ratio	77.6	74.2	3.4		78.2	74.7	3.5

93

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Income (Loss)

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Net income (loss)for the three and six months endedJune 30, 2017 improved from a net loss in 2016 to net income in 2017, primarily due to a lower underwriting loss, driven by improved auto results.

Underwriting Loss

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Underwriting lossdecreased for the three months endedJune 30, 2017 primarily due to the effect of unfavorable auto liability reserve development in the second quarter of 2016, lower catastrophes in 2017 and a decrease in underwriting expenses and DAC amortization, partially offset by a decrease in earned premium. Also contributing were lower current accident year loss costs for auto partially offset by higher non-catastrophe homeowners claims.

The decrease in underwriting expenses was primarily due to a decrease in direct marketing expenses and the decrease in DAC amortization was driven primarily by lower Agency commissions.

Underwriting lossdecreased for the six months endedJune 30, 2017 primarily due to the effect of unfavorable reserve development in the second quarter of 2016 and a decrease in underwriting expenses, partially offset by higher catastrophes, a higher current accident year loss and loss adjustment expense ratio before catastrophes, and the effect of a decline in earned premium. The decrease in underwriting expenses was primarily due to a decrease in direct marketing expenses and a decrease in DAC amortization driven primarily by lower Agency commissions.

Earned Premiums

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Earned premiums decreased for the three and six months endedJune 30, 2017 reflecting a decline in written premium over the prior six to twelve months, particularly in Other Agency business.

Written premiums decreased for the three and six months endedJune 30, 2017 in AARP Direct and both Agency channels primarily due a decline in new business and lower policy count retention in both automobile and homeowners.

For the three and six months endedJune 30, 2017, renewal written pricing increased in both automobile and home, as the Company increased rates to improve profitability.

Policy count retention decreased for the three and six months endedJune 30, 2017 in both automobile and homeowners, driven in part by renewal written pricing increases.

94

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Loss and LAE Ratio before Catastrophes and Prior Accident Year Development

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Loss and LAE ratio before catastrophes and prior accident year development decreased for the three months endedJune 30, 2017 primarily as a result oflower automobile liability frequency and the effect of earned pricing increases, partially offset by non-catastrophe weather-related homeowners losses.

Loss and LAE ratio before catastrophes and prior accident year development increased for the six months endedJune 30, 2017 primarily as a result of higher automobile liability frequency and severity and higher fire and non-catastrophe weather-related homeowners losses, partially offset by the effect of increases in earned pricing. Taking into account management’s current view of loss cost changes for the fist six months of 2016, automobile liability frequency has decreased while automobile liability severity has increased modestly.

Catastrophes and (Favorable) Unfavorable Prior Accident Year Development

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Current accident year catastrophe losses of $92, before tax, for the three months endedJune 30, 2017, decreased compared to $104, before tax, for the three months endedJune 30, 2016 due to less severe wind and hail events. Catastrophe losses for the three months endedJune 30, 2017 were primarily due to multiple wind and hail events across various U.S. geographic regions, concentrated in Colorado, Texas and the Midwest. Catastrophe losses for the three months endedJune 30, 2016 were primarily due to multiple wind and hail events across various U.S. geographic regions, concentrated in Texas and the central plains.

Current accident year catastrophe losses of $171, before tax, for the six months endedJune 30, 2017, increased compared to $151, before tax, for the six months endedJune 30, 2016 due to more severe wind and hail events. Catastrophe losses for the six months endedJune 30, 2017 were primarily due to multiple wind and hail events across various U.S. geographic regions, concentrated in Texas, Colorado, the Midwest and the Southeast. Catastrophe losses for the six months endedJune 30, 2016 were primarily due to multiple wind and hail events across various U.S. geographic regions, concentrated in Texas and the central and southern plains.

95

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Prior accident year development of $10, before tax, was favorable for the three months endedJune 30, 2017, compared to unfavorable prior accident year development of $76, before tax, for the three months endedJune 30, 2016. Net reserves decreased for the three months endedJune 30, 2017 primarily due to decreases in reserves for prior accident year catastrophes. Net reserves increased for the three months endedJune 30, 2016 primarily due to higher than expected emerged severity of bodily injury claims and higher than expected emerged frequency of uninsured and under-insured motorist claims related to accident year 2015.

Prior accident year development of $14, before tax, was favorable for the six months endedJune 30, 2017, compared to unfavorable prior accident year development of $128, before tax, for the six months endedJune 30, 2016. Net reserves decreased for the six months endedJune 30, 2017 primarily due to decreases in reserves for prior accident year catastrophes. Net reserves increased for the six months endedJune 30, 2016 primarily related to increased bodily injury frequency and severity for the 2015 accident year and increased bodily injury severity for the 2014 accident year. Increases in auto liability loss costs were across both the direct and agency distribution channels.

96

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

PROPERTY & CASUALTY OTHER OPERATIONS

Results of Operations

Underwriting Summary

	Three Months Ended June 30,								Six Months Ended June 30,
Underwriting Summary	2017			2016			Change		2017			2016			Change
Losses and loss adjustment expenses
Prior accident year development	$	—		$	269		(100	%)	$	1		$	270		(100	%)
Total losses and loss adjustment expenses	—			269			(100	%)	1			270			(100	%)
Underwriting expenses	3			6			(50	%)	8			13			(38	%)
Underwriting loss	(3		)	(275		)	99	%	(9		)	(283		)	97	%
Net investment income [1]	27			33			(18	%)	58			65			(11	%)
Net realized capital gains [1]	5			6			(17	%)	9			3			NM
Other income	—			—			—	%	2			2			—	%
Income (loss) before income taxes	29			(236		)	112	%	60			(213		)	128	%
Income tax expense (benefit) [2]	9			(82		)	111	%	16			(76		)	121	%
Net income (loss)	$	20		$	(154	)	113	%	$	44		$	(137	)	132	%

[1] For discussion of consolidated investment results, see MD&A - Investment Results, Net Investment Income (Loss) and Net Realized Capital Gains (Losses).

[2] For discussion of income taxes, see Note 11 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Net Income (Loss)

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Net income (loss) for the three and six months endedJune 30, 2017 improved from a net loss in 2016 to net income in 2017, primarily due to the effect of unfavorable asbestos and environmental reserve development in 2016.

Underwriting lossdecreased for the three and six months endedJune 30, 2017 primarily due to a $268 increase in asbestos and environmental reserves in 2016.

Asbestos and environmental comprehensive annual reserve reviews were performed in the second quarter of 2016. Based on this evaluation, the Company increased its net asbestos and environmental reserves for prior year development by $197 and $71, respectively, in 2016.

In 2017, the Company will complete its annual asbestos and environmental reserve review in the fourth quarter. The Company has an adverse development cover in place that reinsures asbestos and environmental reserve development after December 31, 2016, subject to a limit of $1.5 billion. For a discussion of the adverse development cover and the Company's second quarter 2016 comprehensive annual review of asbestos and environmental reserves, see Part II, Item 7 MD&A, Critical Accounting Estimates, Property & Casualty Other Operations section in the Company’s 2016 Form 10-K Annual Report.

97

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

GROUP BENEFITS

Results of Operations

Operating Summary
	Three Months Ended June 30,						Six Months Ended June 30,
	2017		2016		Change		2017		2016		Change
Premiums and other considerations	$	824	$	808	2	%	$	1,659	$	1,603	3	%
Net investment income	88		88		—	%	183		176		4	%
Net realized capital gains (losses) [1]	13		16		(19	)%	21		18		17	%
Total revenues	925		912		1	%	1,863		1,797		4	%
Benefits, losses and loss adjustment expenses	628		634		(1	)%	1,279		1,252		2	%
Amortization of DAC	8		7		14	%	16		15		7	%
Insurance operating costs and other expenses	193		196		(2	)%	413		390		6	%
Total benefits, losses and expenses	829		837		(1	)%	1,708		1,657		3	%
Income before income taxes	96		75		28	%	155		140		11	%
Income tax expense [2]	27		20		35	%	41		35		17	%
Net income	$	69	$	55	25	%	$	114	$	105	9	%

[1] For discussion of consolidated investment results, see MD&A - Investment Results, Net Investment Income (Loss) and Net Realized Capital Gains (Losses).

[2] For discussion of income taxes, see Note 11 - Income Taxes of Notes to the Consolidated Financial Statements.

Premiums and Other Considerations
	Three Months Ended June 30,						Six Months Ended June 30,
	2017		2016		Change		2017		2016		Change
Fully insured – ongoing premiums	$	802	$	790	2	%	$	1,607	$	1,562	3	%
Buyout premiums	3		—		NM		14		6		133	%
Fee income	19		18		6	%	38		35		9	%
Total premiums and other considerations	$	824	$	808	2	%	$	1,659	$	1,603	3	%
Fully insured ongoing sales, excluding buyouts	$	67	$	80	(16	)%	$	278	$	346	(20	)%

Ratios, Excluding Buyouts
	Three Months Ended June 30,					Six Months Ended June 30,
	2017		2016		Change	2017		2016		Change
Group disability loss ratio	78.9	%	79.9	%	1.0	80.9	%	81.1	%	0.2
Group life loss ratio	74.2	%	78.1	%	3.9	73.6	%	76.0	%	2.4
Total loss ratio	76.1	%	78.5	%	2.4	76.9	%	78.0	%	1.1
Expense ratio	24.5	%	25.1	%	0.6	26.1	%	25.4	%	(0.7)

Margin
	Three Months Ended June 30,						Six Months Ended June 30,
	2017		2016		Change		2017		2016		Change
Net income margin	7.5	%	6.0	%	1.5		6.2	%	5.9	%	0.3
Effect of net capital realized gains (losses), net of tax on after-tax margin	0.8	%	0.9	%	(0.1	)	0.7	%	0.6	%	0.1
Core earnings margin	6.7	%	5.1	%	1.6		5.5	%	5.3	%	0.2

98

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Income

Three and six months endedJune 30, 2017compared to thethree and six months endedJune 30, 2016

Net incomefor the three months ended June 30, 2017 increased primarily due to higher premium and other considerations and lower benefits, losses and loss adjustment expenses. For the six months ended June 30, 2017 net income increased due to higher premium and other considerations and net investment income, partially offset by higher benefits, losses and loss adjustment expenses and state guaranty fund assessments related to the liquidation of a life and health insurance company.

Insurance operating costs and other expenses for the six months ended June 30, 2017 increased 6% due primarily to state guaranty fund assessments of $20 before tax related to the liquidation of a life and health insurance company.

Fully Insured Ongoing Premiums

[1] Other of $51 and $51 is included in the three months endedJune 30, 2016, and 2017, respectively, and $102 and $106 for the six months endedJune 30, 2016, and 2017, respectively is included in the total.

Three and six months endedJune 30, 2017compared to thethree and six months endedJune 30, 2016

Fully insured ongoing premiums increased 2% and 3%, respectively, for the three and six months ended June 30, 2017 due to strong group life and group disability persistency and modest disability pricing increases.

Fully insured ongoing sales, excluding buyouts, for the three months and six months ended June 30, 2017 decreased 16% and 20%, respectively, due to fewer large case sales in 2017.

Ratios

99

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Total loss ratio for the three and six months ended June 30, 2017 decreased 2.4 points and 1.1 points, respectively, reflecting lower group life and group disability loss ratios. The improvement in the life loss ratio for the three and six months ended June 30, 2017 was largely due to higher mortality severity in 2016. The group disability loss ratio for the three and six months ended June 30, 2017 decreased 1.0 point and 0.2 points, respectively, due to strong recoveries, continued improvements in incidence trends and modest pricing increases partially offset by an adjustment to reflect lower approvals from the Social Security Income Disability program.

Expense ratio decreased 0.6 points for the three months ended June 30, 2017 due to slightly lower insurance operating costs and earned premium growth. For the six months ended June 30, 2017 the expense ratio increased 0.7 points due to state guaranty fund assessments related to the liquidation of a life and health insurance company.

100

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

MUTUAL FUNDS

Results of Operations

Operating Summary

	Three Months Ended June 30,						Six Months Ended June 30,
	2017		2016		Change		2017		2016		Change
Fee income and other revenue	$	201	$	172	17	%	$	392	$	339	16	%
Net investment income	—		1		(100	)%	1		1		—	%
Total revenues	201		173		16	%	393		340		16	%
Amortization of DAC	5		6		(17	)%	11		11		—	%
Operating costs and other expenses	158		135		17	%	309		266		16	%
Total benefits, losses and expenses	163		141		16	%	320		277		16	%
Income before income taxes	38		32		19	%	73		63		16	%
Income tax expense	14		12		17	%	26		23		13	%
Net income	$	24	$	20	20	%	$	47	$	40	18	%
Daily Average Total Mutual Funds segment AUM	$	105,625	$	91,289	16	%	$	103,382	$	89,263	16	%
Return on Assets ("ROA") [1]
Net income	9.2		8.9		3	%	9.2		9.1		1	%
Core Earnings	9.2		8.9		3	%	9.2		9.1		1	%

[1] Represents annualized earnings divided by a daily average of assets under management, as measured in basis points.

Mutual Funds Segment AUM

	Three Months Ended June 30,								Six Months Ended June 30,
	2017			2016			Change		2017			2016			Change
Mutual Fund AUM - beginning of period	$	86,798		$	73,619		18	%	$	81,298		$	74,413		9	%
Sales	6,248			4,087			53	%	13,466			8,786			53	%
Redemptions	(4,934		)	(4,506		)	(9	)%	(10,819		)	(9,391		)	(15	)%
Net flows	1,314			(419		)	NM		2,647			(605		)	NM
Change in market value and other	3,144			1,741			81	%	7,311			1,133			NM
Mutual Fund AUM - end of period	$	91,256		$	74,941		22	%	$	91,256		$	74,941		22	%
Exchange Traded Products AUM [1]	325						NM		325						NM
Mutual Funds segment AUM before Talcott Resolution	91,581			74,941			22	%	91,581			74,941			NM
Talcott Resolution AUM [2]	16,098			16,482			(2	)%	16,098			16,482			(2	)%
Total Mutual Funds segment AUM	$	107,679		$	91,423		18	%	$	107,679		$	91,423		18	%

[1] Includes AUM of approximately $200 acquired upon acquisition in July 2016 of Lattice Strategies, LLC and subsequent net flows and change in market value.

[2] Talcott Resolution AUM consist of Company-sponsored mutual fund assets held in separate accounts supporting variable insurance and investment products.

Mutual Fund AUM by Asset Class

	June 30, 2017		June 30, 2016		Change
Equity	$	58,047	$	46,808	24	%
Fixed Income	14,286		12,491		14	%
Multi-Strategy Investments [1]	18,923		15,642		21	%
Mutual Fund AUM	$	91,256	$	74,941	22	%

[1] Includes balanced, allocation, and alternative investment products.

101

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Income

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Net income for the three and six months endedJune 30, 2017 increased compared to the prior year period due to higher investment management fees resulting from higher AUM levels and the addition of Schroders' funds, partially offset by higher variable costs including sub-advisory and distribution and services expenses.

Total Mutual Funds segment AUM for the three and six months endedJune 30, 2017 increased to $107.7 billion compared to the prior year period of $91.4 billion primarily resulting from positive net flows, the addition of Schroders' funds and market appreciation. The increase in Mutual Fund business AUM was partially offset by the continued runoff of Talcott Resolution AUM.

102

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

TALCOTT RESOLUTION

Results of Operations

Operating Summary
	Three Months Ended June 30,								Six Months Ended June 30,
	2017			2016			Change		2017			2016			Change
Earned premiums	$	35		$	28		25	%	$	70		$	56		25	%
Fee income and other	225			231			(3	%)	448			472			(5	%)
Net investment income [1]	320			348			(8	%)	638			673			(5	%)
Realized capital gains (losses):
Total other-than-temporary impairment (“OTTI”) losses	(9		)	(2		)	NM		(9		)	(9		)	—	%
Other net realized capital gains (losses)	31			5			NM		(14		)	(100		)	86	%
Net realized capital gains (losses) [1]	22			3			NM		(23		)	(109		)	79	%
Total revenues	602			610			(1	%)	1,133			1,092			4	%
Benefits, losses and loss adjustment expenses	348			346			1	%	680			700			(3	%)
Amortization of DAC	24			24			—	%	43			54			(20	%)
Insurance operating costs and other expenses	96			115			(17	%)	202			220			(8	%)
Total benefits, losses and expenses	468			485			(4	%)	925			974			(5	%)
Income before income taxes	134			125			7	%	208			118			76	%
Income tax expense (benefit)	29			21			38	%	35			(3		)	NM
Net income	$	105		$	104		1	%	$	173		$	121		43	%
Assets Under Management (end of period)
Variable annuity account value	$	40,668		$	41,738		(3	%)
Fixed market value adjusted and payout annuities	7,453			7,901			(6	%)
Institutional annuity account value	13,635			15,279			(11	%)
Other account value [2]	87,399			86,320			1	%
Total account value	$	149,155		$	151,238		(1	%)
Variable Annuity Account Value
Account value, beginning of period	$	40,948		$	42,500		(4	%)	$	40,698		$	44,245		(8	%)
Net outflows	(1,373		)	(1,496		)	8	%	(2,893		)	(2,962		)	2	%
Change in market value and other	1,093			734			49	%	2,863			455			NM
Account value, end of period	$	40,668		$	41,738		(3	%)	$	40,668		$	41,738		(3	%)

[1] For discussion of consolidated investment results, see MD&A - Investment Results, Net Investment Income (Loss) and Net Realized Capital Gains (Losses).

[2] Other account value included $31.2 billion, $14.9 billion, and $41.3 billion as of June 30, 2017 for the Retirement Plans, Individual Life and Private Placement Life Insurance businesses, respectively. Other account value included $31.4 billion, $14.5 billion, and 40.5 billion at June 30, 2016 for the Retirement Plans, Individual Life and Private Placement Life Insurance businesses, respectively. Account values associated with the Retirement Plans and Individual Life businesses no longer generate asset-based fee income due to the sales of these businesses through reinsurance transactions.

103

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Income

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Net income for the three months ended June 30, 2017, as compared to the prior year period, was relatively flat. Higher net realized capital gains, lower expense and interest credited due to the continued run off of the annuity block were offset by lower net investment income and fee income due to the run off of the annuity block.

Net income for the six months ended June 30, 2017, as compared to the prior year period, increased primarily due to lower net realized capital losses in 2017. Net realized capital losses were down due to higher net gains on sales of investments in the first half of 2017, a decrease in losses on the modified coinsurance reinsurance contract related to the individual life business reinsured with Prudential, partially offset by an increase in losses on the variable annuity hedge program. Apart from the lower net realized capital losses, earnings rose due to an increase in unlock benefit and lower interest credited, partially offset by lower net investment income, lower tax benefits recognized in the current year period and lower fee income due to the continued run off of the variable annuity block.

For the three and six months ended June 30, 2017, net investment income decreased due to the run off of the annuity business assets under management, partially offset by higher limited partnership investment income in the six month period.

Total Account Value

June 30, 2017 compared to June 30, 2016

Account valuedecreased by approximately $2 billion to $149 billion due to outflows from institutional annuity due to the transfer of $1.6 billion of Hartford pension assets to a third party provider (see Note 15 Employee Benefit Plans of Notes to Condensed Consolidated Financial Statements) and net outflows in variable annuity account value, partially offset by market appreciation.

Variable annuity net outflows were approximately $1.4 billion and $2.9 billion respectively, for the three and six months ended June 30, 2017, due to the continued run off of the business.

Variable Annuity Annualized Full Surrender Rate

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Variable annuity annualized full surrender rate for the three months ended June 30, 2017, compared to the prior year period, decreased to 7.3%. For the six months ended June 30, 2017, compared to the prior year period, the variable annuity annualized full surrender rate increased to 7.6%. In general, as the block of variable annuity contracts ages, the

104

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

remaining in-force contracts are less likely to surrender. However, full surrender rates can fluctuate from period to period.

Contract Counts (in thousands)

June 30, 2017 compared to June 30, 2016

Contract counts decreased 9% for annuities, primarily due to the continued run-off of the block.

Income Taxes

The effective tax rates in 2017 and 2016 differ from the U.S. federal statutory rate of 35% primarily due to permanent differences related to separate account DRD. For discussion of income taxes, see Note 11 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

105

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

CORPORATE

Results of Operations

Operating Summary

	Three Months Ended June 30,								Six Months Ended June 30,
Operating Summary	2017			2016			Change		2017			2016			Change
Fee income [1]	$	1		$	1		—	%	$	2		$	2		—	%
Net investment income	5			6			(17	%)	9			17			(47	%)
Net realized capital losses	(2		)	(1		)	(100	%)	(2		)	(5		)	60	%
Total revenues	4			6			(33	%)	9			14			(36	%)
Insurance operating costs and other expenses [1]	5			(1		)	NM		9			5			80	%
Pension settlement	750			—			NM		750			—			NM
Interest expense	81			85			(5	%)	164			171			(4	%)
Total benefits, losses and expenses	836			84			NM		923			176			NM
Loss before income taxes	(832		)	(78		)	NM		(914		)	(162		)	NM
Income tax benefit	(292		)	(82		)	NM		(328		)	(137		)	(139	%)
Net income (loss)	$	(540	)	$	4		NM		$	(586	)	$	(25	)	NM

[1] Fee income includes the income associated with the sales of non-proprietary insurance products in the Company’s broker-dealer subsidiaries that has an offsetting commission expense included in insurance operating costs and other expenses.

Net Loss

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Net loss for the three months endedJune 30, 2017 decreased from net income in the prior year period primarily due to a pension settlement charge of $488, after tax. The settlement charge relates to the purchase of a group annuity contract to transfer $1.6 billion of certain U.S. qualified pension plan liabilities to a third-party. For the six months ended June 30,

2017, net loss increased primarily due to the pension settlement charge.

Interest Expense

Three and six months endedJune 30, 2017 compared to the three and six months endedJune 30, 2016

Interest expense for the three and six months ended June 30, 2017 decreased primarily due to a decrease in outstanding debt due to debt maturities and the paydown of senior notes. Since June 30, 2016, $691 of senior notes have either matured or been paid down.

For a discussion of income taxes, see Note 11Income Taxes of Notes to Condensed Consolidated Financial Statements. For a discussion of investment results, see MD&A - Investment Results, Net Investment Income (Loss) and Net Realized Capital Gains (Losses).

106

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

ENTERPRISE RISK MANAGEMENT

The Company’s Board of Directors has ultimate responsibility for risk oversight, as described more fully in our Proxy Statement, while management is tasked with the day-to-day management of the Company’s risks.

The Company manages and monitors risk through risk policies, controls and limits. At the senior management level, an Enterprise Risk and Capital Committee (“ERCC”) oversees the risk profile and risk management practices of the Company.

The Company's enterprise risk management ("ERM") function supports the ERCC and functional committees, and is tasked with, among other things:

• risk identification and assessment;

• the development of risk appetites, tolerances, and limits;

• risk monitoring; and

• internal and external risk reporting.

The Company categorizes its main risks as insurance risk, operational risk and financial risk. Insurance risk and financial risk are described in more detail below. Operational risk and specific risk tolerances for natural catastrophes, terrorism risk and pandemic risk are described in the ERM section of the MD&A in The Hartford’s 2016 Form 10-K Annual Report.

Insurance Risk

The Company categorizes its insurance risks across property-

casualty, group benefits and life products. Non-catastrophe insurance risk arises from a number of exposure including to property, liability, mortality, morbidity, disability and longevity. Catastrophe risk primarily arises in the group life, group disability, property, and workers' compensation product lines. The Company establishes risk limits to control potential loss and actively monitors the risk exposures as a percent of statutory surplus. The Company also uses reinsurance to transfer insurance risk to well-established and financially secure reinsurers.

Reinsurance as a Risk Management Strategy

The Company uses reinsurance to transfer certain risks to reinsurance companies based on specific geographic or risk concentrations. A variety of traditional reinsurance products are used as part of the Company's risk management strategy, including excess of loss occurrence-based products that reinsure property and workers compensation exposures, and individual risk or quota share arrangements, that reinsure losses from specific classes or lines of business. The Company has no significant finite risk contracts in place and the statutory surplus benefit from all such prior year contracts is immaterial. Facultative reinsurance is used by the Company to manage policy-specific risk exposures based on established underwriting guidelines. The Hartford also participates in governmentally administered reinsurance facilities such as the Florida Hurricane Catastrophe Fund (“FHCF”), the Terrorism Risk Insurance Program established under “TRIPRA” and other reinsurance programs relating to particular risks or specific lines of business.

Reinsurance for Catastrophes- The Company has several catastrophe reinsurance programs, including reinsurance treaties that cover property and workers' compensation losses aggregating from single catastrophe events.

Primary Catastrophe Treaty Reinsurance Coverages as of June 30, 2017

Coverage	Effective for the period	% of layer(s) reinsurance	Per occurrence limit			Retention
Property losses arising from a single catastrophe event [1] [2]	1/1/2017 to 1/1/2018	88%	$	800		$	350
Property catastrophe losses from a Personal Lines Florida hurricane	6/1/2017 to 6/1/2018	90%	$	107	[3]	$	33
Workers compensation losses arising from a single catastrophe event [4]	1/1/2017 to 12/31/2017	80%	$	350		$	100

[1] Certain aspects of our principal catastrophe treaty have terms that extend beyond the traditional one year term. While overall treaty is placed at 88%, each layer's placement varies slightly.

[2] $50 of the property occurrence treaty can alternatively be used as part of the Property Aggregate treaty referenced below.

[3] The per occurrence limit for Florida Hurricane Catastrophe Fund (FHCF), which is required coverage for homeowners business in Florida,  is estimated to be $107 for the current treaty year, this is calculated on the best of available information from FHCF as of July 2017. 

[4] In addition to the limit shown, the workers compensation reinsurance includes a non-catastrophe, industrial accident layer, providing coverage for 80% of a$30 per event limit in excess of a $20 retention.

In addition to the property catastrophe reinsurance coverage described in the above table, the Company has other catastrophe and working layer treaties and facultative reinsurance agreements that cover property catastrophe losses on an aggregate excess of loss and on a per risk basis. The principal property catastrophe reinsurance program and certain other reinsurance programs include a provision to reinstate limits in the event that a catastrophe loss exhausts limits on one or more layers under the treaties. In addition, covering the period from January 1, 2017 to December 31, 2017, the Company has a Property Aggregate treaty in place which provides one limit of

$200 of aggregate qualifying property catastrophe losses in excess of a net retention of $850.

Reinsurance for Terrorism- For the risk of terrorism, private sector catastrophe reinsurance capacity is generally limited and largely unavailable for terrorism losses caused by nuclear, biological, chemical or radiological ("NBCR") attacks. As such, the Company's principal reinsurance protection against large-scale terrorist attacks is the coverage currently provided through the Terrorism Risk Insurance Program ("TRIPRA") to the end of 2020.

107

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

TRIPRA provides a backstop for insurance-related losses resulting from any “act of terrorism”, which is certified by the Secretary of the Treasury, in consultation with the Secretary of Homeland Security and the Attorney General, for losses that exceed a threshold of industry losses of $100 in 2015, with the threshold increasing to $200 by 2020. Under the program, in any one calendar year, the federal government would pay a percentage of losses incurred from a certified act of terrorism after an insurer's losses exceed 20% of the Company's eligible direct commercial earned premiums of the prior calendar year up to a combined annual aggregate limit for the federal government and all insurers of $100 billion. The percentage of losses paid by the federal government is 83% in 2017, decreasing by 1 point

annually to 80% in the year 2020. The Company's estimated deductible under the program is $1.2 billion for 2017. If an act of terrorism or acts of terrorism result in covered losses exceeding the $100 billion annual industry aggregate limit, Congress would be responsible for determining how additional losses in excess of $100 billion will be paid.

Reinsurance Recoverables

Property and casualty insurance product reinsurance recoverables represent loss and loss adjustment expense recoverables from a number of entities, including reinsurers and pools.

Property & Casualty Reinsurance Recoverables

	As of June 30, 2017			As of December 31, 2016
Paid loss and loss adjustment expenses	$	94		$	89
Unpaid loss and loss adjustment expenses	2,422			2,449
Gross reinsurance recoverables [1]	$	2,516		$	2,538
Less: Allowance for uncollectible reinsurance	(166		)	(165		)
Net reinsurance recoverables	$	2,350		$	2,373

[1] Excludes reinsurance recoverables classified as held-for-sale as of December 31, 2016 and subsequently transferred to the buyer in connection with the sale of the Company's U.K. property and casualty run-off subsidiaries in May, 2017.For discussion of the sale transaction, see Note2-Business Dispositionof Notes to Condensed Consolidated Financial Statements.

Group benefits and life insurance product reinsurance recoverables represent future policy benefits and unpaid loss and loss adjustment expenses and other

policyholder funds and benefits payable that are recoverable from a number of reinsurers.

Group Benefits and Life Insurance Reinsurance Recoverables

Reinsurance Recoverables	As of June 30, 2017		As of December 31, 2016
Future policy benefits and unpaid loss and loss adjustment expenses and other policyholder funds and benefits payable	$	20,915	$	20,938
Gross reinsurance recoverables	$	20,915	$	20,938
Less: Allowance for uncollectible reinsurance [1]	—		—
Net reinsurance recoverables	$	20,915	$	20,938

[1] No allowance for uncollectible reinsurance is required as of June 30, 2017 and December 31, 2016.

As of June 30, 2017, the Company has reinsurance recoverables from MassMutual and Prudential of $8.4 billion and $11.3 billion, respectively. As of December 31, 2016, the Company had reinsurance recoverables from MassMutual and Prudential of $8.6 billion and $11.1 billion, respectively. The Company's obligations to its direct policyholders that have been reinsured to MassMutual and Prudential are secured by invested assets held in trust. Net of invested assets held in trust, as of June 30, 2017, the Company has no reinsurance-related concentrations of credit risk greater than 10% of the Company’s Condensed Consolidated Stockholders’ Equity.

For further explanation of the Company's insurance risk management strategy, see MD&A Enterprise Risk Management Insurance RIsk Management in The Hartford's 2016 Form 10-K Annual Report.

Financial Risk

Financial risks include direct and indirect risks to the Company's financial objectives coming from events that impact market conditions or prices. Some events may cause correlated movement in multiple risk factors. The primary sources of financial risks are the Company's general account assets and the liabilities and the guarantees which the company has written over various liability products, particularly its fixed and variable annuity guarantees. Consistent with its risk appetite, the Company establishes financial risk limits to control potential loss on a U.S. GAAP, statutory, and economic basis. Exposures are actively monitored, and mitigated where appropriate. The Company uses various risk management strategies, including reinsurance and over-the-counter and exchange traded derivatives with counterparties meeting the appropriate regulatory and due diligence requirements. Derivatives are utilized to achieve one of four Company-approved objectives: hedging risk arising from interest rate, equity market, commodity

108

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

market, credit spread and issuer default, price or currency exchange rate risk or volatility; managing liquidity; controlling transaction costs; or entering into synthetic replication transactions. Derivative activities are monitored and evaluated by the Company’s compliance and risk management teams and reviewed by senior management.

The Company identifies different categories of financial risk, including liquidity, credit, interest rate, equity and foreign currency exchange.

Liquidity Risk

Liquidity risk is the risk to current or prospective earnings or capital arising from the Company's inability or perceived inability to meet its contractual funding obligations as they come due. Stressed market conditions may impact the ability to sell assets or otherwise transact business and may result in a significant loss in value.

The Company measures and manages liquidity risk exposures and funding needs within prescribed limits across legal entities, taking into account legal, regulatory and operational limitations to the transferability of liquidity. The Company also monitors internal and external conditions, and identifies material risk changes and emerging risks that may impact liquidity.

For further discussion on liquidity see the section on Capital Resources and Liquidity.

Credit Risk

Credit risk is the risk to earnings or capital due to uncertainty of an obligor’s or counterparty’s ability or willingness to meet its obligations in accordance with contractually agreed upon terms.

The majority of the Company’s credit risk is concentrated in its investment holdings, but it is also present in the Company’s reinsurance and insurance portfolios, including credit risk associated with reinsurance recoverables and premiums receivable.

The Company primarily manages its credit risk by holding a diversified mix of investment grade issuers and counterparties across its investment, reinsurance, and insurance portfolios. Potential losses are also limited within portfolios by diversifying across geographic regions, asset types, and sectors.

Mitigation strategies vary but may include:

• Investing in a portfolio of high-quality and diverse securities;

• Selling investments subject to credit risk;

• Hedging through use of single name or basket credit default swaps;

• Clearing transactions through central clearing houses that require daily variation margin;

• Entering into contracts only with strong creditworthy institutions

• Requiring collateral; and

• Non-renewing policies/contracts or reinsurance treaties.

As of June 30, 2017, the Company had no investment exposure to any credit concentration risk of a single issuer or counterparty greater than 10% of the Company’s stockholders' equity, other

than the U.S. government and certain U.S. government securities. For further discussion of concentration of credit risk in the investment portfolio, see the Concentration of Credit Risk section in Note 6 - Investments of Notes to Condensed Consolidated Financial Statements.

Credit Risk of Derivatives

The Company uses various derivative counterparties in executing its derivative transactions. The use of counterparties creates credit risk that the counterparty may not perform in accordance with the terms of the derivative transaction.

Downgrades to the credit ratings of the Company’s insurance operating companies may have adverse implications for its use of derivatives including those used to hedge benefit guarantees of variable annuities. In some cases, downgrades may give derivative counterparties for over-the-counter ("OTC") derivatives and clearing brokers for OTC-cleared derivatives the right to cancel and settle outstanding derivative trades or require additional collateral to be posted. In addition, downgrades may result in counterparties and clearing brokers becoming unwilling to engage in or clear additional derivatives or may require collateralization before entering into any new trades. This would restrict the supply of derivative instruments commonly used to hedge variable annuity guarantees, particularly long-dated equity derivatives and interest rate swaps.

The Company also has derivative counterparty exposure policies which limit the Company’s exposure to credit risk.

For the company’s derivative programs, the maximum uncollateralized threshold for a derivative counterparty for a single legal entity is $10. The Company currently transacts OTC derivatives in two legal entities that have a threshold greater than zero. The maximum combined threshold for a single counterparty across all legal entities that use derivatives and have a threshold greater than zero is $10. In addition, the Company may have exposure to multiple counterparties in a single corporate family due to a common credit support provider. As of June 30, 2017, the maximum combined threshold for all counterparties under a single credit support provider across all legal entities that use derivatives and have a threshold greater than zero was $10. Based on the contractual terms of the collateral agreements, these thresholds may be immediately reduced due to a downgrade in either party’s credit rating. For further discussion, see the Derivative Commitments section of Note 12Commitments and Contingencies of Notes to Condensed Consolidated Financial Statements.

For the six months ended June 30,2017, the Company incurred no losses on derivative instruments due to counterparty default.

Use of Credit Derivatives

The Company may also use credit default swaps to manage credit exposure or to assume credit risk to enhance yield.

Credit Risk Reduced Through Credit Derivatives

The Company uses credit derivatives to purchase credit protection with respect to a single entity, referenced index, or asset pool. The Company purchases credit protection through credit default swaps to economically hedge and manage credit risk of certain fixed maturity investments across multiple sectors of the investment portfolio.

109

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Credit Risk Assumed Through Credit Derivatives

The Company also enters into credit default swaps that assume credit risk as part of replication transactions. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. These swaps reference investment grade single corporate issuers and baskets, which include customized diversified portfolios of corporate issuers, which are established within sector concentration limits and may be divided into tranches which possess different credit ratings.

For further information on credit derivatives, see Note 7 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements.

Interest Rate Risk

Interest rate risk is the risk of financial loss due to adverse changes in the value of assets and liabilities arising from movements in interest rates. Interest rate risk encompasses exposures with respect to changes in the level of interest rates, the shape of the term structure of rates and the volatility of interest rates. Interest rate risk does not include exposure to changes in credit spreads.

The Company has exposure to interest rates arising from its fixed maturity securities, interest sensitive liabilities such as fixed rate annuities and structured settlements and discount rate assumptions associated with the Company’s pension and other post retirement benefit obligations. In addition, certain product liabilities, including those containing GMWB or GMDB, expose the Company to interest rate risk but also have significant equity risk. These liabilities are discussed as part of the Variable Product Guarantee Risks and Risk Management section. Management also evaluates performance of certain Talcott Resolution products based on net investment spread which is, in part, influenced by changes in interest rates.

Changes in interest rates from current levels can have both favorable and unfavorable effects for the Company.

The Company manages its exposure to interest rate risk by constructing investment portfolios that maintain asset allocation limits and asset/liability duration matching targets which may include the use of derivatives.

The Company also utilizes a variety of derivative instruments to mitigate interest rate risk associated with its investment portfolio or to hedge liabilities. Interest rate caps, floors, swaps, swaptions, and futures may be used to manage portfolio duration.

Equity Risk

Equity risk is defined as the risk of financial loss due to changes in the value of global equities or equity indices. The Company has

exposure to equity risk from assets under management, embedded derivatives within the Company’s variable annuities and assets that support the Company’s pension plans and other post retirement benefit plans. The Company uses various approaches in managing its equity exposure, including limits on the proportion of assets invested in equities, diversification of the equity portfolio, reinsurance of product liabilities and hedging of changes in equity indices. Equity Risk on the Company’s variable annuity products is mitigated through various hedging programs which are primarily focused on mitigating the economic exposure while considering the potential impacts on statutory and GAAP accounting results. (See the Variable Annuity Hedging Program Section).

Talcott Resolution includes certain guaranteed benefits, primarily associated with variable annuity products, which increase the Company's potential benefit exposure in the periods that equity markets decline and the Company has a dynamic and macro hedging program in place to hedge the exposure.

For the assets that support its pension plans and other post retirement benefit plans, the Company may be required to make additional plan contributions if equity investments in the plan portfolio decline in value. The asset allocation mix is reviewed on a periodic basis. In order to minimize risk, the pension plans maintain a listing of permissible and prohibited investments. In addition, the pension plans have certain concentration limits and investment quality requirements imposed on permissible investment options.

Managing Equity Risk on the Company's Variable Annuity Products-Most of the Company’s variable annuities include GMDB and certain contracts with GMDB also include GMWB features. Declines in the equity markets will increase the Company’s liability for these benefits. Many contracts with a GMDB include a maximum anniversary value ("MAV"), which in rising markets resets the guarantee on the anniversary to be 'at the money'. As the MAV increases, it can increase the NAR for subsequent declines in account value. Generally, a GMWB contract is ‘in the money’ if the contractholder’s guaranteed remaining balance ("GRB") becomes greater than the account value.

The NAR is generally defined as the guaranteed minimum benefit amount in excess of the contractholder’s current account value. Variable annuity account values with guarantee features were $40.7 billion as of June 30, 2017 and December 31, 2016.

The following tables summarize the account values of the Company’s variable annuities with guarantee features and the NAR split between various guarantee features (retained net amount at risk does not take into consideration the effects of the variable annuity hedge programs in place as of each balance sheet date).

Total Variable Annuity Guarantees as of June 30, 2017
($ in billions)	Account Value		Gross Net Amount at Risk		Retained Net Amount at Risk		% of Contracts In the Money[2]		% In the Money [2] [3]
U.S. Variable Annuity [1]
GMDB [4]	$	40.7	$	3.1	$	0.6	17	%	22	%
GMWB	$	18.1	$	0.2	$	0.1	5	%	17	%

110

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Total Variable Annuity Guarantees as of December 31, 2016
($ in billions)	Account Value		Gross Net Amount at Risk		Retained Net Amount at Risk		% of Contracts In the Money [2]		% In the Money [2] [3]
U.S. Variable Annuity [1]
GMDB [4]	$	40.7	$	3.3	$	0.7	28	%	14	%
GMWB	$	18.3	$	0.2	$	0.1	7	%	13	%

[1] Contracts with a guaranteed living benefit also have a guaranteed death benefit. The NAR for each benefit is shown; however these benefits are not additive. When a contract terminates due to death, any NAR related to GMWB is released. Similarly, when a contract goes into benefit status on a GMWB, the GMDB NAR is reduced to zero.

[2] Excludes contracts that are fully reinsured.

[3] For all contracts that are “in the money”, this represents the percentage by which the average contract was in the money.

[4] Includes contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries. Such contracts had $1.6 billion of account value as June 30, 2017 and $1.5 billion as of December 31, 2016.

Many policyholders with a GMDB also have a GMWB. Policyholders that have a product that offers both guarantees can only receive the GMDB or GMWB. The GMDB NAR disclosed in the preceding tables is a point in time measurement and assumes that all participants utilize the GMDB on that measurement date.

The Company expects to incur GMDB payments in the future only if the policyholder has an “in the money” GMDB at their death. For contracts with a GMWB rider, the company expects to incur GMWB payments in the future only if the account value is reduced over time to a specified level through a combination of market performance and periodic withdrawals, at which point the contractholder will receive an annuity equal to the GRB which is generally equal to premiums less withdrawals. For the Company’s “life-time” GMWB products, this annuity can exceed the GRB. As the account value fluctuates with equity market returns on a daily basis and the “life-time” GMWB payments may exceed the GRB,

the ultimate amount to be paid by the Company, if any, is uncertain and could be significantly more or less than the Company’s current carried liability. For additional information on the Company’s GMWB liability, see Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements. For additional information on the Company's GMDB liability, see Note 9 - Reserve for Future Policy Benefits and Separate Account Liabilities of Notes to Condensed Consolidated Financial Statements.

Variable Annuity Market Risk Exposures

The following table summarizes the broad Variable Annuity Guarantees offered by the Company and the market risks to which the guarantee is most exposed from a U.S. GAAP accounting perspective:

Variable Annuity Guarantees [1]	U.S. GAAP Treatment [1]	Primary Market Risk Exposures [1]
GMDB and life-contingent component of the GMWB	Accumulation of the portion of fees required to cover expected claims, less accumulation of actual claims paid	Equity Market Levels
GMWB (excluding life-contingent portions)	Fair Value	Equity Market Levels / Implied Volatility / Interest Rates

[1] Each of these guarantees and the related U.S. GAAP accounting volatility will also be influenced by actual and estimated policyholder behavior.

Variable Annuity Hedging Program

The Company’s variable annuity hedging program is primarily focused, through the use of reinsurance and capital market derivative instruments, on reducing the economic exposure to market risks associated with guaranteed benefits that are embedded in our variable annuity contracts. The variable annuity hedging program also considers the potential impacts on statutory capital.

Reinsurance

The Company uses reinsurance for a portion of contracts with GMWB riders issued prior to the second quarter of 2006. The Company also uses reinsurance for a majority of the GMDB with NAR.

GMWB Hedge Program

Under the dynamic hedging program, the Company enters into derivative contracts to hedge market risk exposures associated with the GMWB liabilities that are not reinsured. These derivative contracts include customized swaps, interest rate swaps and futures, and equity swaps, options, and futures, on certain indices including the S&P 500 index, EAFE index, and NASDAQ index.

Additionally, the Company holds customized derivative contracts to provide protection from certain capital market risks for the remaining term of specified blocks of non-reinsured GMWB riders. These customized derivative contracts are based on policyholder behavior assumptions specified at the inception of the derivative contracts. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.

While the Company actively manages this dynamic hedging program, increased U.S. GAAP earnings volatility may result from factors including, but not limited to: policyholder behavior, capital markets, divergence between the performance of the underlying funds and the hedging indices, changes in hedging positions and the relative emphasis placed on various risk management objectives.

Macro Hedge Program

The Company’s macro hedging program uses derivative instruments, such as options and futures on equities and interest rates, to provide protection against the statutory tail scenario risk arising from GMWB and GMDB liabilities on the Company’s

111

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

statutory surplus. These macro hedges cover some of the residual risks not otherwise covered by the dynamic hedging program. Management assesses this residual risk under various scenarios in designing and executing the macro hedge program. The macro hedge program will result in additional U.S. GAAP earnings volatility as changes in the value of the macro hedge derivatives, which are designed to reduce statutory reserve and capital volatility, may not be closely aligned to changes in GAAP liabilities.

Variable Annuity Hedging Program Sensitivities

The underlying guaranteed withdrawal benefit liabilities (excluding the life contingent portion of GMWB contracts) and hedge assets within the GMWB hedge and Macro hedge programs are carried at fair value.

The following table presents our estimates of the potential instantaneous impacts from sudden market stresses related to

equity market prices, interest rates, and implied market volatilities. The following sensitivities represent: (1) the net estimated difference between the change in the fair value of GMWB liabilities and the underlying hedge instruments and (2) the estimated change in fair value of the hedge instruments for the macro program, before the impacts of amortization of DAC and taxes. As noted in the preceding discussion, certain hedge assets are used to hedge liabilities that are not carried at fair value and will not have a liability offset in the U.S. GAAP sensitivity analysis. All sensitivities are measured as of June 30, 2017 and are related to the fair value of liabilities and hedge instruments in place at that date for the Company’s variable annuity hedge programs. The impacts presented in the table that follows are estimated individually and measured without consideration of any correlation among market risk factors.

GAAP Sensitivity Analysis (before tax and DAC) as of June 30, 2017 [1]
	GMWB									Macro
Equity Market Return	-20		%	-10		%	10		%	-20		%	-10		%	10		%
Potential Net Fair Value Impact	$	(5	)	$	—		$	(4	)	$	240		$	94		$	(59	)
Interest Rates	-50bps			-25bps			+25bps			-50bps			-25bps			+25bps
Potential Net Fair Value Impact	$	(1	)	$	—		$	(1	)	$	3		$	1		$	(1	)
Implied Volatilities	10		%	2		%	-10		%	10		%	2		%	-10		%
Potential Net Fair Value Impact	$	(65	)	$	(13	)	$	60		$	126		$	25		$	(112	)

[1] These sensitivities are based on the following key market levels as of June 30, 2017: 1) S&P of 2,423; 2) 10yr US swap rate of 2.32%; and 3) S&P 10yr volatility of 25.11%.

The preceding sensitivity analysis is an estimate and should not be used to predict the future financial performance of the Company's variable annuity hedge programs. The actual net changes in the fair value liability and the hedging assets illustrated in the preceding table may vary materially depending on a variety of factors which include but are not limited to:

• The sensitivity analysis is only valid as of the measurement date and assumes instantaneous changes in the capital market factors and no ability to rebalance hedge positions prior to the market changes;

• Changes to the underlying hedging program, policyholder behavior, and variation in underlying fund performance relative to the hedged index, which could materially impact the liability; and

• The impact of elapsed time on liabilities or hedge assets, any non-parallel shifts in capital market factors, or correlated moves across the sensitivities.

Foreign Currency Exchange Risk

Foreign currency exchange risk is the risk of financial loss due to changes in the relative value between currencies.

The Company has foreign currency exchange risk primarily in non-U.S. dollar denominated fixed maturity investments, foreign denominated cash and a yen denominated fixed payout annuity. In addition, the Company’s Talcott Resolution segment formerly issued non-U.S. dollar denominated funding agreement liability contracts.

The open foreign currency exposure of non-U.S. dollar denominated investments will most commonly be reduced through the sale of the assets or through hedges using currency futures/forwards/swaps. In order to manage the currency risk related to any non-U.S. dollar denominated liability contracts, the Company enters into foreign currency swaps or holds non-U.S. dollar denominated investments.

Investment Portfolio Risk

The following table presents the Company’s fixed maturities, AFS, by credit quality. The credit ratings referenced throughout this section are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, Fitch and Morningstar. If no rating is available from a rating agency, then an internally developed rating is used.

112

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Fixed Maturities by Credit Quality
	June 30, 2017						December 31, 2016
	Amortized Cost		Fair Value		Percent of Total Fair Value		Amortized Cost		Fair Value		Percent of Total Fair Value
United States Government/Government agencies	$	7,242	$	7,510	13.0	%	$	7,474	$	7,626	13.6	%
AAA	6,929		7,231		12.5	%	6,733		6,969		12.5	%
AA	9,554		10,020		17.3	%	8,764		9,182		16.4	%
A	14,452		15,574		26.9	%	14,169		14,996		26.8	%
BBB	13,446		14,204		24.5	%	13,399		13,901		24.8	%
BB & below	3,177		3,295		5.8	%	3,266		3,329		5.9	%
Total fixed maturities, AFS	$	54,800	$	57,834	100	%	$	53,805	$	56,003	100	%

The fair value of securities increased, as compared to December 31, 2016, primarily due to purchases of highly rated CLOs and tax-exempt municipal bonds, as well as higher valuations as a result of tighter credit spreads and a decrease in

long-term interest rates. Fixed maturities, FVO, are not included in the preceding table. For further discussion on FVO securities, see Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

113

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Securities by Type
	June 30, 2017											December 31, 2016
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Percent of Total Fair Value		Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Percent of Total Fair Value
Asset-backed securities ("ABS")
Consumer loans	$	1,987	$	14	$	(16	)	$	1,985	3.4	%	$	2,057	$	10	$	(30	)	$	2,037	3.6	%
Small business	84		4		(1		)	87		0.2	%	86		3		(1		)	88		0.2	%
Other	279		3		—			282		0.5	%	253		4		—			257		0.5	%
Collateralized debt obligations ("CDOs")
CLOs	2,418		3		(3		)	2,418		4.2	%	1,597		7		(4		)	1,600		2.9	%
Other	9		30		—			39		0.1	%	256		60		—			316		0.6	%
CMBS
Agency [1]	1,661		32		(14		)	1,679		2.9	%	1,439		24		(20		)	1,443		2.6	%
Bonds	2,686		73		(19		)	2,740		4.7	%	2,681		62		(33		)	2,710		4.7	%
Interest only (“IOs”)	738		22		(6		)	754		1.3	%	787		11		(15		)	783		1.4	%
Corporate
Basic industry	1,092		79		(1		)	1,170		2.0	%	1,071		61		(9		)	1,123		2.0	%
Capital goods	1,693		115		(6		)	1,802		3.1	%	1,522		110		(15		)	1,617		2.9	%
Consumer cyclical	1,419		89		(3		)	1,505		2.6	%	1,517		78		(10		)	1,585		2.8	%
Consumer non-cyclical	3,380		243		(15		)	3,608		6.2	%	3,792		206		(45		)	3,953		7.1	%
Energy	2,221		169		(15		)	2,375		4.1	%	2,098		142		(17		)	2,223		4.0	%
Financial services	5,058		336		(12		)	5,382		9.3	%	4,806		262		(32		)	5,036		9.0	%
Tech./comm.	3,379		356		(7		)	3,728		6.4	%	3,385		265		(20		)	3,630		6.5	%
Transportation	914		56		(2		)	968		1.7	%	896		46		(7		)	935		1.7	%
Utilities	4,803		384		(42		)	5,145		8.9	%	5,024		326		(65		)	5,285		9.3	%
Other	348		15		(2		)	361		0.6	%	269		14		(4		)	279		0.5	%
Foreign govt./govt. agencies	1,249		56		(8		)	1,297		2.2	%	1,164		33		(26		)	1,171		2.1	%
Municipal bonds
Taxable	1,538		137		(9		)	1,666		2.9	%	1,497		116		(20		)	1,593		2.8	%
Tax-exempt	9,923		715		(20		)	10,618		18.4	%	9,328		616		(51		)	9,893		17.7	%
RMBS
Agency	1,791		39		(5		)	1,825		3.2	%	2,493		39		(28		)	2,504		4.5	%
Non-agency	268		4		(1		)	271		0.5	%	178		3		(1		)	180		0.3	%
Alt-A	117		4		—			121		0.2	%	117		2		—			119		0.2	%
Sub-prime	1,955		48		(1		)	2,002		3.5	%	1,950		22		(8		)	1,964		3.5	%
U.S. Treasuries	3,790		235		(19		)	4,006		6.9	%	3,542		182		(45		)	3,679		6.6	%
Fixed maturities, AFS	54,800		3,261		(227		)	57,834		100	%	53,805		2,704		(506		)	56,003		100	%
Equity securities
Financial services	176		26		—			202		19.1	%	203		15		(1		)	217		19.8	%
Other	788		85		(20		)	853		80.9	%	817		81		(18		)	880		80.2	%
Equity securities, AFS	964		111		(20		)	1,055		100	%	1,020		96		(19		)	1,097		100	%
Total AFS securities	$	55,764	$	3,372	$	(247	)	$	58,889			$	54,825	$	2,800	$	(525	)	$	57,100
Fixed maturities, FVO								$	146										$	293

[1] Includes securities with pools of loans issued by the Small Business Administration which are backed by the full faith and credit of the U.S. government.

114

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The fair value of AFS securities increased as compared to December 31, 2016 due to higher valuations as a result of tighter credit spreads and a decrease in long-term interest rates. The Company also reduced its allocation to agency RMBS and reinvested proceeds into CLOs and tax-exempt municipal bonds.

Financial Services

The Company’s investment in the financial services sector is predominantly through investment grade banking and insurance

institutions. The following table presents the Company’s fixed maturities and equity, AFS securities in the financial services sector that are included in the preceding Securities by Type table.

Financial Services by Credit Quality
	June 30, 2017						December 31, 2016
	Amortized Cost		Fair Value		Net Unrealized Gain/(Loss)		Amortized Cost		Fair Value		Net Unrealized Gain/(Loss)
AAA	$	33	$	35	$	2	$	13	$	15	$	2
AA	492		513		21		583		602		19
A	2,372		2,548		176		2,219		2,354		135
BBB	2,082		2,203		121		1,856		1,934		78
BB & below	255		285		30		338		348		10
Total [1]	$	5,234	$	5,584	$	350	$	5,009	$	5,253	$	244

[1]Includes equity, AFS securities with an amortized cost and fair value of $176 and $202, respectively as of June 30, 2017 and an amortized cost and fair value of $203 and $217, respectively, as of December 31, 2016 included in the Securities by Type table above.

Commercial Real Estate

The following table presents the Company’s exposure to CMBS bonds by current credit quality and vintage year included in the preceding Securities by Type table. Credit protection represents the current weighted average percentage of the outstanding

capital structure subordinated to the Company’s investment holding that is available to absorb losses before the security incurs the first dollar loss of principal and excludes any equity interest or property value in excess of outstanding debt.

Exposure to CMBS Bonds as of June 30, 2017
	AAA				AA				A				BBB				BB and Below				Total
Vintage Year [1]	Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value
2008 & Prior	$	135	$	145	$	49	$	54	$	4	$	4	$	9	$	9	$	22	$	22	$	219	$	234
2009	—		—		10		11		—		—		—		—		—		—		10		11
2010	18		19		8		8		—		—		—		—		—		—		26		27
2011	55		58		—		—		15		15		—		—		—		—		70		73
2012	39		40		6		6		21		22		19		18		—		—		85		86
2013	16		16		95		98		102		106		4		4		—		—		217		224
2014	301		311		63		65		73		73		9		9		8		8		454		466
2015	171		172		200		200		207		211		115		119		11		11		704		713
2016	143		142		252		249		121		125		80		84		—		—		596		600
2017	60		60		220		220		—		—		25		26		—		—		305		306
Total	$	938	$	963	$	903	$	911	$	543	$	556	$	261	$	269	$	41	$	41	$	2,686	$	2,740
Credit  protection	31.8%				21.5%				14.2%				12.9%				23.2%				22.8%

115

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Exposure to CMBS Bonds as of December 31, 2016
	AAA				AA				A				BBB				BB and Below				Total
Vintage Year [1]	Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value
2008 & Prior	$	278	$	294	$	137	$	143	$	102	$	102	$	14	$	14	$	22	$	22	$	553	$	575
2009	11		11		—		—		—		—		—		—		—		—		11		11
2010	18		19		8		8		—		—		—		—		—		—		26		27
2011	55		59		—		—		13		13		2		2		—		—		70		74
2012	40		41		6		6		30		30		20		18		—		—		96		95
2013	16		17		95		99		110		113		4		4		—		—		225		233
2014	301		309		64		65		72		70		1		1		—		—		438		445
2015	210		210		200		198		207		206		87		87		—		—		704		701
2016	132		130		249		242		113		113		64		64		—		—		558		549
Total	$	1,061	$	1,090	$	759	$	761	$	647	$	647	$	192	$	190	$	22	$	22	$	2,681	$	2,710
Credit  protection	33.3%				22.4%				18.0%				16.2%				32.5%				25.3%

[1] The vintage year represents the year the pool of loans was originated.

The Company also has exposure to commercial mortgage loans as presented in the following table. These loans are collateralized by a variety of commercial properties and are diversified both geographically throughout the United States and by property type. These loans are primarily in the form of whole loans, where the Company is the sole lender, but may include participations.

Loan participations are loans where the Company has purchased or retained a portion of an outstanding loan or package of loans and participates on a pro-rata basis in collecting interest and principal pursuant to the terms of the participation agreement. In general, A-Note participations have senior payment priority.

Commercial Mortgage Loans
	June 30, 2017							December 31, 2016
	Amortized Cost [1]		Valuation Allowance			Carrying Value		Amortized Cost [1]		Valuation Allowance			Carrying Value
Whole loans	$	5,687	$	(1	)	$	5,686	$	5,580	$	(19	)	$	5,561
A-Note participations	110		—			110		136		—			136
Total	$	5,797	$	(1	)	$	5,796	$	5,716	$	(19	)	$	5,697

[1] Amortized cost represents carrying value prior to valuation allowances, if any.

The Company funded $369 of commercial whole loans with a weighted average loan-to-value (“LTV”) ratio of 62% and a weighted average yield of 4.0% during the six months endedJune 30, 2017. The Company continues to originate commercial whole loans within primary markets, such as office, industrial and multi-family, focusing on loans with strong LTV ratios and high quality property collateral. There were no mortgage loans held for sale as of June 30, 2017 or December 31, 2016.

116

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Municipal Bonds

The following table presents the Company's exposure to

municipal bonds by type and weighted average credit quality included in the preceding Securities by Type table.

Available For Sale Investments in Municipal Bonds
	June 30, 2017					December 31, 2016
	Amortized Cost		Fair Value		Weighted Average Credit Quality	Amortized Cost		Fair Value		Weighted Average Credit Quality
General Obligation	$	1,804	$	1,928	AA	$	1,809	$	1,907	AA
Pre-Refunded [1]	1,673		1,782		AAA	1,590		1,693		AAA
Revenue
Transportation	1,600		1,757		A+	1,591		1,724		A+
Health Care	1,309		1,395		AA-	1,216		1,285		AA-
Water & Sewer	1,092		1,158		AA	1,019		1,066		AA
Education	1,019		1,071		AA	988		1,023		AA
Leasing [2]	840		909		AA-	681		734		AA-
Sales Tax	572		632		AA	574		627		AA
Power	571		611		A+	571		605		A+
Housing	83		89		A	136		140		A
Other	898		952		AA-	650		682		AA-
Total Revenue	7,984		8,574		AA-	7,426		7,886		AA-
Total Municipal	$	11,461	$	12,284	AA	$	10,825	$	11,486	AA

[1] Pre-Refunded bonds are bonds for which an irrevocable trust containing sufficient U.S. treasury, agency, or other securities has been established to fund the remaining payments of principal and interest.

[2] Leasing revenue bonds are generally the obligations of a financing authority established by the municipality that leases facilities back to a municipality. The notes are typically secured by lease payments made by the municipality that is leasing the facilities financed by the issue. Lease payments may be subject to annual appropriation by the municipality or the municipality may be obligated to appropriate general tax revenues to make lease payments.

As of June 30, 2017, the largest issuer concentrations were the state of California, the New York Dormitory Authority, and the New York City Transitional Finance Authority, which each comprised less than 3% of the municipal bond portfolio and were primarily comprised of general obligation and revenue bonds. As of December 31, 2016, the largest issuer concentrations were the state of California, the Commonwealth of Massachusetts, and the New York Dormitory Authority, which each comprised less than 3% of the municipal bond portfolio and were primarily comprised of general obligation and revenue bonds.

Limited Partnerships and Other Alternative Investments

The following tables present the Company’s investments in limited partnerships and other alternative investments which include hedge funds, real estate funds, and private equity funds. Real estate funds consist of investments primarily in real estate equity funds, including some funds with public market exposure, and real estate joint ventures. Private equity funds primarily consist of investments in funds whose assets typically consist of a diversified pool of investments in small to mid-sized non-public businesses with high growth potential as well as limited exposure to public markets.

Limited Partnerships and Other Alternative Investments - Net Investment Income
	Three Months Ended June 30,									Six Months Ended June 30,
	2017					2016				2017				2016
	Amount			Yield		Amount		Yield		Amount		Yield		Amount			Yield
Hedge funds	$	(1	)	(1.7	)%	$	3	3.4	%	$	4	5.6	%	$	(15	)	(6.2	)%
Real estate funds	3			1.9	%	11		7.3	%	11		3.6	%	10			3.3	%
Private equity funds	43			13.5	%	24		7.6	%	95		15.2	%	59			9.6	%
Other alternative investments	3			3.2	%	2		2.1	%	8		4.4	%	(6		)	(3.3	)%
Total	$	48		8.0	%	$	40	6.1	%	$	118	9.9	%	$	48		3.6	%

117

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Investments in Limited Partnerships and Other Alternative Investments
	June 30, 2017				December 31, 2016
	Amount		Percent		Amount		Percent
Hedge funds	$	149	6.1	%	$	155	6.3	%
Real estate funds	644		26.3	%	629		25.6	%
Private equity and other funds	1,263		51.7	%	1,291		52.6	%
Other alternative investments [1]	389		15.9	%	381		15.5	%
Total	$	2,445	100	%	$	2,456	100	%

[1] Consists of an insurer-owned life insurance policy which is invested in hedge funds and other investments. This amount was previously included in hedge funds.

Available-for-sale Securities — Unrealized Loss Aging

The total gross unrealized losses were $247 as of June 30, 2017 and have decreased $278, or 53%, from December 31, 2016, primarily due to tighter credit spreads and a decrease in long-term interest rates. As of June 30, 2017, $230 of the gross unrealized losses were associated with securities depressed less than 20% of cost or amortized cost. The remaining $17 of gross unrealized losses were associated with securities depressed greater than 20%. The securities depressed more than 20% are primarily equity securities depressed due to issuer specific deterioration, as well as securities with exposure to commercial real estate which are depressed primarily due to higher rates since the securities were purchased.

As part of the Company’s ongoing security monitoring process, the Company has reviewed its AFS securities in an unrealized loss position and concluded that these securities are temporarily depressed and are expected to recover in value as the securities approach maturity or as market spreads tighten. For these securities in an unrealized loss position where a credit impairment has not been recorded, the Company’s best estimate of expected future cash flows are sufficient to recover the amortized cost basis of the security. Furthermore, the Company neither has an intention to sell nor does it expect to be required to sell these securities. For further information regarding the Company’s impairment analysis, see Other-Than-Temporary Impairments in the Investment Portfolio Risks and Risk Management section of this MD&A.

Unrealized Loss Aging for AFS Securities
	June 30, 2017								December 31, 2016
Consecutive Months	Items	Cost or Amortized Cost		Fair Value		Unrealized Loss			Items	Cost or Amortized Cost		Fair Value		Unrealized Loss
Three months or less	944	$	4,953	$	4,923	$	(30	)	2,119	$	11,299	$	11,037	$	(262	)
Greater than three to six months	339	1,200		1,185		(15		)	1,109	2,039		1,934		(105		)
Greater than six to nine months	617	3,318		3,249		(69		)	151	484		456		(28		)
Greater than nine to eleven months	386	1,277		1,228		(49		)	151	452		441		(11		)
Twelve months or more	502	1,897		1,813		(84		)	657	2,565		2,446		(119		)
Total	2,788	$	12,645	$	12,398	$	(247	)	4,187	$	16,839	$	16,314	$	(525	)

Unrealized Loss Aging for AFS Securities Continuously Depressed Over 20%
	June 30, 2017								December 31, 2016
Consecutive Months	Items	Cost or Amortized Cost		Fair Value		Unrealized Loss			Items	Cost or Amortized Cost		Fair Value		Unrealized Loss
Three months or less	59	$	31	$	23	$	(8	)	83	$	24	$	18	$	(6	)
Greater than three to six months	30	5		4		(1		)	38	13		9		(4		)
Greater than six to nine months	15	—		—		—			21	14		10		(4		)
Greater than nine to eleven months	16	8		6		(2		)	11	1		—		(1		)
Twelve months or more	52	12		6		(6		)	56	19		11		(8		)
Total	172	$	56	$	39	$	(17	)	209	$	71	$	48	$	(23	)

118

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Other-than-temporary Impairments Recognized in Earnings by Security Type
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
CMBS	$	1	$	—	$	2	$	1
Corporate	12		6		12		25
Equity	1		1		1		4
Total	$	14	$	7	$	15	$	30

Three and six months endedJune 30, 2017

For the three and six months endedJune 30, 2017, impairments recognized in earnings included credit impairments of $13 and $14, respectively. These impairments were primarily related to a private issuer experiencing financial difficulty that is currently undergoing a sale and is not expected to generate enough cash flow for the Company to recover the investment. The Company incorporates its best estimate of future performance using internal assumptions and judgments that are informed by economic and industry specific trends, as well as our expectations with respect to security specific developments.

Non-credit impairments recognized in other comprehensive income were $2 and $4, respectively, for the three and six months endedJune 30, 2017.

Future impairments may develop as the result of changes in intent-to-sell specific securities or if actual results underperform current modeling assumptions, which may be the result of, but are not limited to, macroeconomic factors and security-specific performance below current expectations.

Three and six months endedJune 30, 2016

For the three and six months endedJune 30, 2016, impairments recognized in earnings were comprised of credit impairments of $5 and $23, respectively, and intent-to-sell impairments of $1 and $3, respectively, both of which were primarily concentrated in corporate securities. Also, impairments recognized in earnings included impairments on equity securities of $1 and $4, respectively, that were in an unrealized loss position and theCompany no longer believed the securities would recover in the foreseeable future.

119

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

CAPITAL RESOURCES AND LIQUIDITY

The following section discusses the overall financial strength of The Hartford and its insurance operations including their ability to generate cash flows from each of their business segments, borrow funds at competitive rates and raise new capital to meet operating and growth needs over the next twelve months.

SUMMARY OF CAPITAL RESOURCES AND LIQUIDITY

Capital available at the holding company as of June 30, 2017:

• $1.2 billion in fixed maturities, short-term investments and cash at HFSG Holding Company

• Borrowings available under a commercial paper program to a maximum of $1 billion. As of June 30, 2017 there was no commercial paper outstanding

• A senior unsecured five-year revolving credit facility that provides for borrowing capacity up to $1 billion of unsecured credit through October 31, 2019. No borrowings were outstanding as of June 30, 2017

Expected liquidity requirements for the next twelve months as of June 30, 2017:

• $320 maturing debt payment due in March of 2018

• $500 junior subordinated debt expected to be called in June of 2018

• $315 of interest on debt

• $330 of common stockholders dividends, subject to the discretion of the Board of Directors

• Approximately $300 of expected pension plan contribution

Equity repurchase program:

• Authorization for equity repurchases of up to $1.3 billion for the period October 31, 2016 through December 31, 2017

• $650 remaining as of June 30, 2017

• During the six months endedJune 30, 2017, the Company repurchased 13.3 million common shares for $650 million. During the period July 1, 2017 through July 25, 2017 the Company repurchased approximately 1.6 million common shares for $85 under this authorization.

2017 dividend capacity:

• Dividend capacity of $1.5 billion for property and casualty subsidiaries with $850 of net dividends

expected in 2017. During the first six months of 2017, property and casualty subsidiaries paid $566 in dividends to the holding company which included $100 that was subsequently contributed to a run-off P&C subsidiary and $41 of interest payments received by Hartford Fire Insurance Company on an intercompany note with Hartford Holdings, Inc. ("HHI").

• Dividend capacity of $207 for Hartford Life and Accident Insurance Company ("HLA") with $250 of dividends expected in 2017, subject to regulatory approval. During the first six months of 2017, HLA paid $125 in dividends to the holding company.

• Dividend capacity of $1 billion for Hartford Life Insurance Company. On January 30, 2017, Hartford Life Insurance Company ("HLIC") paid a dividend of $300.

• During the first six months of 2017, Mutual Funds paid $34 in dividends to HFSG Holding Company.

• Over the remainder of 2017, HSFG Holding Company anticipates receiving additional net dividends of approximately $425 from its property-casualty insurance subsidiaries, $300 from HLIC, and $125 from HLA, subject to regulatory approval and approximately $40 from Mutual Funds.

Liquidity Requirements and Sources of Capital

The Hartford Financial Services Group, Inc. (Holding Company)

The liquidity requirements of the holding company of The Hartford Financial Services Group, Inc. (“HFSG Holding Company”) have been and will continue to be met by HFSG Holding Company’s fixed maturities, short-term investments and cash, and dividends from its subsidiaries, principally from its insurance operations, as well as the issuance of common stock, debt or other capital securities and borrowings from its credit facilities, as needed.

As of June 30, 2017, HFSG Holding Company held fixed maturities, short-term investments and cash of $1.2 billion. Expected liquidity requirements of the HFSG Holding Company for the next twelve months include payments of 6.3% senior notes of $320 at maturity in March 2018, redemption of $500 junior subordinated notes in June 2018, and interest payments on debt of approximately $315 and common stockholder dividends, subject to the discretion of the Board of Directors, of approximately $330.

The Hartford has an intercompany liquidity agreement that allows for short-term advances of funds among the HFSG Holding Company and certain affiliates of up to $2 billion for liquidity and other general corporate purposes. The Connecticut Insurance Department ("CTDOI") granted approval for certain affiliated insurance companies that are parties to the agreement to treat receivables from a parent, including the HFSG Holding Company, as admitted assets for statutory accounting purposes. As of June 30, 2017, there were no amounts outstanding from the HFSG Holding Company.

120

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Debt

On March 15, 2017, the Company repaid its $416, 5.375% senior notes at maturity.

On February 15, 2017, pursuant to the put option agreement with the Glen Meadow ABC Trust, the Company issued $500 junior subordinated notes with a scheduled maturity of February 12, 2047, and a final maturity of February 12, 2067. The junior subordinated notes bear interest at an annual rate of three-month LIBOR plus 2.125%, payable quarterly. The Hartford will have the right, on one or more occasions, to defer interest payments due on the junior subordinated notes under specified circumstances.

The Company expects to use the proceeds of the junior subordinated notes to fund the call of $500 in 8.125% junior subordinated debentures that are due 2068 and that are first callable in June 2018. As such, the proceeds of the $500 of junior subordinated notes issued under the contingent capital facility will be held at the holding company until June of 2018, resulting in an increase in debt to capital ratios during that time.

Upon receipt of the proceeds, the Company entered into a replacement capital covenant (the "RCC"). Under the terms of the RCC, if the Company redeems the notes at any time prior to February 12, 2047 (or such earlier date on which the RCC terminates by its terms) it can only do so with the proceeds from the sale of certain qualifying replacement securities. The RCC also prohibits the Company from redeeming all or any portion of the notes on or prior to February 15, 2022.

In April, 2017, the Company entered into an interest rate swap agreement expiring February 15, 2027 to effectively convert the variable interest payments into fixed interest payments of approximately 4.39%.

Intercompany Liquidity Agreements

On January 5, 2017, Hartford Fire Insurance Company, a subsidiary of the Company, issued a Revolving Note (the "Note") in the principal amount of $230 to Hartford Accident and Indemnity Company, an indirect wholly-owned subsidiary of the Company, under the intercompany liquidity agreement. The note was issued to fund the liquidity needs associated with the $650 ceded premium paid in January 2017 for the adverse development cover with NICO. The Note was repaid on March 29, 2017. The company has $2.0 billion available under the intercompany liquidity agreement as of June 30, 2017.

Equity

During the six months endedJune 30, 2017, the Company repurchased 13.3 million common shares for $650. During the period July 1, 2017 through July 25, 2017, the Company repurchased approximately 1.6 million common shares for $85 under this authorization.

For further information about equity repurchases, see Part II. Other Information, Item 2.

Dividends

On July 20, 2017, The Hartford's Board of Directors declared a quarterly dividend of $0.23 per common share payable on October 2, 2017 to common shareholders of record as of September 1, 2017.

On May 18, 2017, The Hartford's Board of Directors declared a quarterly dividend of $0.23 per common share payable on July 3, 2017 to common shareholders of record as of June 1, 2017.

On February 23, 2017, The Hartford’s Board of Directors declared a quarterly dividend of $0.23 per common share payable on April 3, 2017 to common shareholders of record as of March 6, 2017.

There are no current restrictions on the HFSG Holding Company's ability to pay dividends to its shareholders.

For a discussion of restrictions on dividends to the HFSG Holding Company from its insurance subsidiaries, see the following "Dividends from Insurance Subsidiaries" discussion. For a discussion of potential restrictions on the HFSG Holding Company's ability to pay dividends, see the risk factor "Our ability to declare and pay dividends is subject to limitations" in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016.

Pension Plans and Other Postretirement Benefits

On June 30, 2017, the Company purchased a group annuity contract to transfer approximately $1.6 billion of the Company’s outstanding pension benefit obligations related to certain U.S. retirees, terminated vested participants, and beneficiaries. As a result of this transaction, in the second quarter of 2017, the Company recognized a pre-tax settlement charge of $750 ($488 after-tax) and a reduction to shareholders' equity of $144. In connection with this transaction, the Company expects to make a contribution of approximately $300 to the U.S. qualified pension plan by year-end 2017 in order to maintain the plan’s pre-transaction funded status.

Dividends from Insurance Subsidiaries

Dividends to the HFSG Holding Company from its insurance subsidiaries are restricted by insurance regulation. The payment of dividends by Connecticut-domiciled insurers is limited under the insurance holding company laws of Connecticut. These laws require notice to and approval by the state insurance commissioner for the declaration or payment of any dividend, which, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (i) 10% of the insurer’s policyholder surplus as of December 31 of the preceding year or (ii) net income (or net gain from operations, if such company is a life insurance company) for the twelve-month period ending on the thirty-first day of December last preceding, in each case determined under statutory insurance accounting principles. In addition, if any dividend of a Connecticut-domiciled insurer exceeds the insurer’s earned surplus, it requires the prior approval of the Connecticut Insurance Commissioner. The insurance holding company laws of the other jurisdictions in which The Hartford’s insurance subsidiaries are incorporated (or deemed commercially domiciled) generally contain similar (although in certain instances more restrictive) limitations on the

121

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

payment of dividends. Dividends paid to HFSG Holding Company by its life insurance subsidiaries are further dependent on cash requirements of Hartford Life, Inc. ("HLI"), Hartford Holdings, Inc. ("HHI") and other factors. In addition to statutory limitations on paying dividends, the Company also takes other items into consideration when determining dividends from subsidiaries. These considerations include, but are not limited to expected earnings and capitalization of the subsidiaries, regulatory capital requirements and liquidity requirements of the individual operating company.

In 2017, The Company’s property and casualty insurance subsidiaries are permitted to pay up to a maximum of approximately $1.5 billion in dividends to HFSG Holding Company without prior approval from the applicable insurance commissioner. During the first six months of 2017, HFSG Holding Company received approximately $566 in dividends from its P&C insurance subsidiaries. Dividends received from its P&C subsidiaries included $100 which was subsequently contributed to a run-off P&C subsidiary and approximately $41 related to principal and interest payments on an intercompany note owed by Hartford Holdings, Inc. ("HHI") to Hartford Fire Insurance Company, resulting in a net dividend of $425.

In 2017, Hartford Life and Accident Insurance Company ("HLA") is permitted to pay up to a maximum of $207 in dividends without prior approval from the insurance commissioner. During the first six months of 2017, HFSG Holding Company received approximately $125 in dividends from HLA.

In 2017, Hartford Life Insurance Company ("HLIC") is permitted to pay up to a maximum of $1 billion in dividends to HFSG Holding Company without prior approval from the insurance commissioner. However, to meet the liquidity needed to pay dividends up to the HFSG Holding Company, HLIC may require receiving regulatory approval for extraordinary dividends from HLIC's wholly-owned subsidiary, Hartford Life and Annuity Insurance Company. During the first six months of 2017, HLIC paid dividends of $300.

Over the remainder of 2017, HSFG Holding Company anticipates receiving additional net dividends of approximately $425 from its P&C insurance subsidiaries, $300 from HLIC, and $125 from HLA, subject to regulatory approvals.

Other Sources of Capital for the HFSG Holding Company

The Hartford endeavors to maintain a capital structure that provides financial and operational flexibility to its insurance subsidiaries, ratings that support its competitive position in the financial services marketplace (see the "Ratings" section below for further discussion), and shareholder returns. As a result, the Company may from time to time raise capital from the issuance of equity, equity-related debt or other capital securities and is continuously evaluating strategic opportunities. The issuance of debt, common equity, equity-related debt or other capital securities could result in the dilution of shareholder interests or reduced net income due to additional interest expense.

Shelf Registrations

The Hartford filed an automatic shelf registration statement with the Securities and Exchange Commission ("the SEC") on July 29, 2016 that permits it to offer and sell debt and equity securities during the three-year life of the registration statement.

Commercial Paper and Revolving Credit Facility

Commercial Paper

The Hartford’s maximum borrowings available under its commercial paper program are $1 billion. The Company is dependent upon market conditions to access short-term financing through the issuance of commercial paper to investors. As of June 30, 2017, there was no commercial paper outstanding.

Revolving Credit Facilities

The Company has a senior unsecured five-year revolving credit facility (the “Credit Facility”) that provides for borrowing capacity up to $1 billion of unsecured credit through October 31, 2019 available in U.S. dollars, Euro, Sterling, Canadian dollars and Japanese Yen. As of June 30, 2017, no borrowings were outstanding under the Credit Facility. As of June 30, 2017, the Company was in compliance with all financial covenants within the Credit Facility.

Derivative Commitments

Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical rating agencies, of the individual legal entity that entered into the derivative agreement. If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement. The settlement amount is determined by netting the derivative positions transacted under each agreement. If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of June 30, 2017 was $1.3 billion. For this $1.3 billion, the legal entities have posted collateral of $897 in the normal course of business. In addition, the Company has posted collateral of $31 associated with a customized GMWB derivative. Based on derivative market values as of June 30, 2017, a downgrade of one level below the current financial strength ratings by either Moody’s or S&P would not require additional assets to be posted as collateral. Based on derivative market values as of June 30, 2017, a downgrade of two levels below the current financial strength ratings by either Moody's or S&P would require additional $9 of assets to be posted as collateral. These collateral amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated. The nature of the collateral that we would post, if required, would be primarily in the form of U.S. Treasury bills, U.S. Treasury notes and government agency securities.

As of June 30, 2017, the aggregate notional amount and fair value of derivative relationships that could be subject to immediate termination in the event of a downgrade of one level below the current financial strength ratings was $1.1 billion and $22, respectively. These amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated.

122

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Insurance Operations

While subject to variability period to period, claim frequency and severity patterns and the level of policy surrenders continue to be within historical norms and, therefore, the Company’s insurance operations’ current liquidity position is considered to be sufficient to meet anticipated demands over the next twelve months. For a discussion and tabular presentation of the Company’s current contractual obligations by period, refer to Off-Balance Sheet Arrangements and Aggregate Contractual Obligations within the Capital Resources and Liquidity section of the MD&A included in The Hartford’s 2016 Form 10-K Annual Report.

The principal sources of operating funds are premiums, fees earned from assets under management and investment income, while investing cash flows originate from maturities and sales of invested assets. The primary uses of funds are to pay claims, claim adjustment expenses, commissions and other underwriting expenses, to pay taxes, to purchase new investments and to make dividend payments to the HFSG Holding Company.

The Company’s insurance operations consist of property and casualty insurance products (collectively referred to as “Property & Casualty Operations”) and life insurance and legacy annuity products (collectively referred to as “Life Operations”).

Property & Casualty Operations

Property & Casualty Operations includes the following fixed maturity securities and short-term investments to meet liquidity needs.

Property & Casualty
	As of June 30, 2017
Fixed maturities	$	25,780
Short-term investments	1,573
Cash	88
Less: Derivative collateral	99
Total	$	27,342

Liquidity requirements that are unable to be funded by Property & Casualty Operation’s short-term investments would

be satisfied with current operating funds, including premiums received or through the sale of invested assets. A sale of invested assets could result in significant realized capital gains (losses).

Life Operations

Life Operations’ total general account contractholder obligations are supported by $41 billion of cash and total general account invested assets, which includes the following fixed maturity securities and short-term investments to meet liquidity needs.

Life Operations
	As of June 30, 2017
Fixed maturities	$	31,513
Short-term investments	2,634
Cash	273
Less: Derivative collateral	1,218
Total	$	33,202

Capital resources available to fund liquidity upon contractholder surrender or termination are a function of the legal entity in which the liquidity requirement resides. Generally, obligations of Group Benefits will be funded by Hartford Life and Accident Insurance Company. Obligations of Talcott Resolution will generally be funded by Hartford Life Insurance Company and Hartford Life and Annuity Insurance Company.

HLIC, an indirect wholly-owned subsidiary, is a member of the Federal Home Loan Bank of Boston (“FHLBB”). Membership allows HLIC access to collateralized advances, which may be used to support various spread-based businesses and enhance liquidity management. FHLBB membership requires the company to own member stock and advances require the purchase of activity stock. The amount of advances that can be taken is dependent on the asset types pledged to secure the advances. The CTDOI will permit HLIC to pledge up to $1.1 billion in qualifying assets to secure FHLBB advances for 2017. The pledge limit is recalculated annually based on statutory admitted assets and capital and surplus. HLIC would need to seek the prior approval of the CTDOI in order to exceed these limits. As of June 30, 2017, HLIC had no advances outstanding under the FHLBB facility.

Contractholder Obligations
	As of June 30, 2017
Total Life contractholder obligations	$	167,087
Less: Separate account assets [1]	116,746
General account contractholder obligations	$	50,341
Composition of General Account Contractholder Obligations
Contracts without a surrender provision and/or fixed payout dates [2]	$	24,661
U.S. Fixed MVA annuities [3]	4,912
Other [4]	20,768
General account contractholder obligations	$	50,341

[1] In the event customers elect to surrender separate account assets, Life Operations will use the proceeds from the sale of the assets to fund the surrender, and Life Operations’ liquidity position will not be impacted. In some instances Life Operations will receive a percentage of the surrender amount as compensation for early surrender (surrender charge), increasing Life Operations’ liquidity position. In addition, a surrender of variable annuity separate account or general account assets (see the following) will decrease Life Operations’ obligation for payments on guaranteed living and death benefits.

[2] Relates to contracts such as payout annuities, institutional notes, term life, group benefit contracts, or death and living benefit reserves, which cannot be surrendered for cash.

123

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

[3] Relates to annuities that are recorded in the general account under U.S. GAAP as the contractholders are subject to the Company's credit risk, although these annuities are held in a statutory separate account. In the statutory separate account, Life Operations is required to maintain invested assets with a fair value greater than or equal to the MVA surrender value of the Fixed MVA contract. In the event assets decline in value at a greater rate than the MVA surrender value of the Fixed MVA contract, Life Operations is required to contribute additional capital to the statutory separate account. Life Operations will fund these required contributions with operating cash flows or short-term investments. In the event that operating cash flows or short-term investments are not sufficient to fund required contributions, the Company may have to sell other invested assets at a loss, potentially resulting in a decrease in statutory surplus. As the fair value of invested assets in the statutory separate account are at least equal to the MVA surrender value of the Fixed MVA contract, surrender of Fixed MVA annuities will have an insignificant impact on the liquidity requirements of Life Operations.

[4] Surrenders of, or policy loans taken from, as applicable, these general account liabilities, which include the general account option for Life Operations' individual variable annuities and the variable life contracts of the former Individual Life business, the general account option for annuities of the former Retirement Plans business and universal life contracts sold by the former Individual Life business, may be funded through operating cash flows of Life Operations, available short-term investments, or Life Operations may be required to sell fixed maturity investments to fund the surrender payment. Sales of fixed maturity investments could result in the recognition of realized losses and insufficient proceeds to fully fund the surrender amount. In this circumstance, Life Operations may need to take other actions, including enforcing certain contract provisions which could restrict surrenders and/or slow or defer payouts. The Company has ceded reinsurance in connection with the sales of its Retirement Plans and Individual Life businesses to MassMutual and Prudential, respectively. These reinsurance transactions do not extinguish the Company's primary liability on the insurance policies issued under these businesses.

Off-Balance Sheet Arrangements and Aggregate Contractual Obligations

There have been no material changes to the Company’s off-

balance sheet arrangements and aggregate contractual obligations since the filing of the Company’s 2016 Form 10-K Annual Report.

Capitalization

Capital Structure
	June 30, 2017			December 31, 2016			Change
Short-term debt (includes current maturities of long-term debt)	$	320		$	416		(23	)%
Long-term debt	4,817			4,636			4	%
Total debt [1]	5,137			5,052			2	%
Stockholders’ equity excluding accumulated other comprehensive income (loss), net of tax (“AOCI”)	16,794			17,240			(3	)%
AOCI, net of tax	494			(337		)	NM
Total stockholders’ equity	$	17,288		$	16,903		2	%
Total capitalization including AOCI	$	22,425		$	21,955		2	%
Debt to stockholders’ equity	30		%	30		%
Debt to capitalization	23		%	23		%

[1] Total debt of the Company excludes $10 and $20 of consumer notes as of June 30, 2017 and December 31, 2016, respectively.

Total capitalization increased $470, or 2%, as of June 30, 2017 compared to December 31, 2016 primarily due to increases in AOCI and net income for the six month period, partially offset by share repurchases and stockholder dividends.

For additional information on AOCI, net of tax, and unrealized capital gains from securities, see Note 14 - Changes In and

Reclassifications From Accumulated Other Comprehensive Income, and Note 6 - Investments of Notes to Condensed Consolidated Financial Statements.

Cash Flow

	Six Months Ended June 30,
	2017			2016
Net cash provided by operating activities	$	894		$	816
Net cash provided (used) by investing activities	$	(1,476	)	$	341
Net cash used for financing activities	$	—		$	(1,132	)
Cash – end of period	$	362		$	461

Cash provided by operating activities increased in 2017 as compared to the prior year period due to a decrease in benefits and losses paid and a decrease in income taxes paid, partially offset by a $650 premium payment to reinsure adverse development on asbestos and environmental reserves.

Cash used by investing activities in 2017 primarily relates to net payments for short-term investments of $1,453 and

net payments for derivatives of $40. Cash provided by investing activities in 2016 primarily relates to net proceeds from available-for-sale securities of $578 and net proceeds from derivatives of $295, partially offset by net payments for short-term investments of $666.

Cash used for financing activities in 2017 consists primarily of net payments for deposits, transfers and withdrawals

124

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

for investments and universal life products of $574 and the repurchase of common shares outstanding, offset by an increase in cash from securities loaned or sold under agreements to repurchase securities. Cash used for financing activities in 2016 consists primarily of acquisitions of treasury stock of $700 and net payments for deposits, transfers and withdrawals for investments and universal life products of $402.

Operating cash flows for the six months endedJune 30, 2017 have been adequate to meet liquidity requirements.

Equity Markets

For a discussion of the potential impact of the equity markets on capital and liquidity, see the Financial Risk Liquidity Risk and Financial Risk on Statutory Capital sections in this MD&A.

Ratings

Ratings are an important factor in establishing competitive position in the insurance marketplace and impact the Company’s ability to access financing and its cost of borrowing. There can be no assurance that the Company’s ratings will continue for any given period of time, or that they will not be changed. In the event the Company’s ratings are downgraded, the Company’s competitive position, ability to access financing, and its cost of borrowing, may be adversely impacted.

Insurance Financial Strength Ratings as of July 25, 2017
	A.M. Best	Standard & Poor’s	Moody’s
Hartford Fire Insurance Company	A+	A+	A1
Hartford Life and Accident Insurance Company	A	A	A2
Hartford Life Insurance Company	A-	BBB+	Baa2
Hartford Life and Annuity Insurance Company	A-	BBB+	Baa2
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt	a-	BBB+	Baa2
Commercial paper	AMB-1	A-2	P-2

These ratings are not a recommendation to buy or hold any of The Hartford’s securities and they may be revised or revoked at any time at the sole discretion of the rating organization.

The agencies consider many factors in determining the final rating of an insurance company. One consideration is the relative level of statutory capital and surplus (referred to collectively as "statutory capital") necessary to support the business written and is reported in accordance with accounting practices prescribed by the applicable state insurance department.

Statutory Capital

Statutory Capital Roll Forward for the Company's Insurance Subsidiaries
	Property and Casualty Insurance Subsidiaries			Life Insurance Subsidiaries			Total
U.S. statutory capital at January 1, 2017	$	8,261		$	6,022		$	14,283
Variable annuity surplus impacts	—			17			17
Statutory earnings (excluding VA for Life)	739			226			965
Dividends to parent	(425		)	(425		)	(850		)
Other items	(199		)	64			(135		)
Net change to U.S. statutory capital	115			(118		)	(3		)
U.S. statutory capital at June 30, 2017	$	8,376		$	5,904		$	14,280

Contingencies

Legal Proceedings – For a discussion regarding contingencies related to The Hartford’s legal proceedings, please see the information contained under “Litigation” in Note 12 - Commitments and Contingencies of the Notes to Condensed Consolidated Financial Statements and Part II, Item 1 Legal Proceedings, which are incorporated herein by reference.

Legislative and Regulatory Developments

Patient Protection and Affordable Care Act of 2010 (the "Affordable Care Act")

The outcome of efforts underway in Congress to repeal and replace the Affordable Care Act (ACA) may have an impact on various aspects of our business, including our insurance businesses. It is unclear what a replacement of the ACA would entail, and to what extent there may be a transition period for the phase out of the ACA. The impact to The Hartford as an employer will be consistent with other large employers. The Hartford’s core business does not involve the issuance of health insurance, and we have not observed any material impacts on the Company’s workers’ compensation business or group benefits business from the enactment of the ACA. We will continue to monitor the impact of the ACA and any reforms on consumer, broker and medical provider behavior for leading indicators of changes in medical costs or loss payments primarily on the Company's workers' compensation and disability liabilities

United States Department of Labor Fiduciary Rule

On April 6, 2016, the U.S. Department of Labor (“DOL”) issued a final regulation expanding the range of activities considered to be fiduciary investment advice under the Employee Retirement Income Security Act of 1974 (“ERISA”) and the Internal Revenue

125

Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Code. The DOL also extended the applicability date for the final rule from April 10, 2017 to June 9, 2017. Implementation is being phased in, with the regulation scheduled to be in full effect by January 1, 2018. As part of a stated intent to continue to study the rule, the DOL published  a Request for Information on July 6, 2017. It is seeking comment generally on a delay of the January 1, 2018 applicability date, as well as a number of other questions on compliance and the implementation of provisions currently scheduled to go into effect on January 1, 2018.

The impact of the new regulation on our mutual fund business is difficult to assess because the regulation is new and is still being studied. While we continue to analyze the regulation, we believe the regulation may impact the compensation paid to the financial intermediaries who sell our mutual funds to their retirement clients and could negatively impact our mutual funds business.

In 2016, several plaintiffs, including insurers and industry groups such as the U.S. Chamber of Commerce and the Securities Industry and Financial Markets Association (SIFMA), filed a lawsuit against the DOL challenging the constitutionality of the fiduciary rule, and the DOL's rulemaking authority. In most cases, the district courts have entered a summary judgment in favor of the DOL. Certain cases were appealed to the Fifth Circuit and on July 5, 2017, the DOL filed a brief in support of upholding the rule. We continue to monitor potential effects of case law and the regulatory landscape on our mutual funds business.

IMPACT OF NEW ACCOUNTING STANDARDS

For a discussion of accounting standards, see Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements included in The Hartford’s 2016 Form 10-K Annual Report and Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Condensed Consolidated Financial Statements in this Form 10-Q.

126

Part I - Item 3. Quantitative and Qualitative Disclosure About Market Risk

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The information contained in the Financial Risk Management section of Management’s Discussion and Analysis of Financial Condition and Results of Operations is incorporated herein by reference.

127

Part I - Item 4. Controls and Procedures

Item 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company’s principal executive officer and its principal financial officer, based on their evaluation of the Company’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) have concluded that the Company’s disclosure controls and procedures are effective for the purposes set forth in the definition thereof in Exchange Act Rule 13a-15(e) as of June 30, 2017.

Changes in Internal Control Over Financial Reporting

There was no change in the Company's internal control over financial reporting that occurred during the Company's current fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

128

Part II - Item 1. Legal Proceedings

Item 1. LEGAL PROCEEDINGS

Litigation

The Hartford is involved in claims litigation arising in the ordinary course of business, both as a liability insurer defending or providing indemnity for third-party claims brought against insureds and as an insurer defending coverage claims brought against it. The Hartford accounts for such activity through the establishment of unpaid loss and loss adjustment expense reserves. Subject to the uncertainties related to The Hartford's asbestos and environmental claims discussed in Note 12 - Commitments and Contingencies of the Notes to Consolidated Financial Statements, management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of The Hartford.

The Hartford is also involved in other kinds of legal actions, some of which assert claims for substantial amounts. These actions include, among others, and in addition to the matters in the following description, putative state and federal class actions seeking certification of a state or national class. Such putative class actions have alleged, for example, underpayment of claims or improper underwriting practices in connection with various kinds of insurance policies, such as personal and commercial automobile, property, disability, life and inland marine. The Hartford also is involved in individual actions in which punitive damages are sought, such as claims alleging bad faith in the handling of insurance claims or other allegedly unfair or improper business practices. Like many other insurers, The Hartford also has been joined in actions by asbestos plaintiffs asserting, among other things, that insurers had a duty to protect the public from the dangers of asbestos and that insurers committed unfair trade practices by asserting defenses on behalf of their policyholders in the underlying asbestos cases. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of The Hartford. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, the outcome in certain matters could, from time to time, have a material adverse effect on the Company’s results of operations or cash flows in particular quarterly or annual periods.

In addition to the inherent difficulty of predicting litigation outcomes, the Mutual Funds Litigation identified below purports to seek substantial damages for unsubstantiated conduct spanning a multi-year period based on novel applications of complex legal theories. The alleged damages are not quantified or factually supported in the complaint, and, in any event, the Company’s experience shows that demands for damages often bear little relation to a reasonable estimate of potential loss. The application of the legal standard identified by the court for assessing the potentially available damages, as described below, is inherently unpredictable, and no legal precedent has been identified that would aid in determining a reasonable estimate of

potential loss. Accordingly, management cannot reasonably estimate the possible loss or range of loss, if any.

Mutual Funds Litigation — In February 2011, a derivative action was brought on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that Hartford Investment Financial Services, LLC (“HIFSCO”), an indirect subsidiary of the Company, received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the Investment Company Act of 1940. During the course of the litigation, the claims regarding distribution fees were dismissed without prejudice, the lineup of funds as plaintiffs changed several times, and the plaintiffs added as a defendant Hartford Funds Management Company (“HFMC”), an indirect subsidiary of the Company that assumed the role of advisor to the funds as of January 2013.  In June 2015, HFMC and HIFSCO moved for summary judgment, and plaintiffs cross-moved for partial summary judgment with respect to one fund. In March 2016, the court denied the plaintiff's motion, and granted summary judgment for HIFSCO and HFMC with respect to one fund, leaving six funds as plaintiffs: The Hartford Balanced Fund, The Hartford Capital Appreciation Fund, The Hartford Floating Rate Fund, The Hartford Growth Opportunities Fund, The Hartford Healthcare Fund, and The Hartford Inflation Plus Fund. The court further ruled that the appropriate measure of damages on the surviving claims would be the difference, if any, between the actual advisory fees paid through trial and the fees permitted under the applicable legal standard. A bench trial on the issue of liability was held in November 2016. In February 2017, the court granted judgment for HIFSCO and HFMC as to all claims.  Plaintiffs have appealed to the United States Court of Appeals for the Third Circuit.

129

Part I - Item 1A. Risk Factors

Item 1A.    RISK FACTORS

Investing in The Hartford involves risk. In deciding whether to invest in The Hartford, you should carefully consider the risk factors disclosed in Item 1A of Part I of the Company's Annual Report on Form 10-K for the year ended December 31, 2016, any of which could have a significant or material adverse effect on the business, financial condition, operating results or liquidity of The Hartford. This information should be considered carefully together with the other information contained in this report and the other reports and materials filed by The Hartford with the SEC.

130

Part II - Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Purchases of Equity Securities by the Issuer

The Company’s repurchase authorization permits purchases of common stock, as well as warrants or other derivative securities. Repurchases may be made in the open market, through derivative, accelerated share repurchase and other privately negotiated transactions, and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The timing of any future repurchases will be

dependent upon several factors, including the market price of the Company’s securities, the Company’s capital position, consideration of the effect of any repurchases on the Company’s financial strength or credit ratings, and other corporate considerations. The repurchase program may be modified, extended or terminated by the Board of Directors at any time.

The Company's authorization for equity repurchases is $1.3 billion for the period commencing October 31, 2016 through December 31, 2017.

Repurchases of Common Stock by the Issuer for the Three Months Ended June 30, 2017
Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
					(in millions)
April 1, 2017 - April 30, 2017	2,234,700	$	47.90	2,234,700	$	868
May 1, 2017 - May 31, 2017	2,420,746	$	49.16	2,420,746	$	749
June 1, 2017 - June 30, 2017	1,934,733	$	51.21	1,934,733	$	650
Total	6,590,179	$	49.34	6,590,179

.

131

Part II - Item 6. Exhibits

Item 6. EXHIBITS

See Exhibits Index on page 134.

132

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		The Hartford Financial Services Group, Inc.
		(Registrant)
Date:	July 27, 2017	/s/ Scott R. Lewis
		Scott R. Lewis
		Senior Vice President and Controller
		(Chief accounting officer and duly authorized signatory)

133

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

FOR THE QUARTER ENDED JUNE 30, 2017

FORM 10-Q

EXHIBITS INDEX

Exhibit No.	Description	Form	File No.	Exhibit No	Filing Date
2.01	Commitment Agreement by and between The Hartford Financial Services Group, Inc., The Prudential Insurance Company of America  and State Street Global Advisors Trust Company, as the Independent Fiduciary of The Hartford Retirement Plan for U.S. Employees, dated as of June 23, 2017** ^
3.01	Restated Certificate of Incorporation of The Hartford, as filed with the Delaware Secretary of State on October 20, 2014.	8-K	001-13958	3.01	10/20/2014
3.02	Amended and Restated By-Laws of The Hartford, amended effective July 21, 2016.	8-K	001-13958	3.01	7/21/2016
15.01	Deloitte & Touche LLP Letter of Awareness.**
31.01	Certification of Christopher J. Swift pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**
31.02	Certification of Beth A. Bombara pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**
32.01	Certification of Christopher J. Swift pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**
32.02	Certification of Beth A. Bombara pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**
101.INS	XBRL Instance Document.**
101.SCH	XBRL Taxonomy Extension Schema.**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.**
101.DEF	XBRL Taxonomy Extension Definition Linkbase.**
101.LAB	XBRL Taxonomy Extension Label Linkbase.**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.**
*	Management contract, compensatory plan or arrangement.
**	Filed with the Securities and Exchange Commission as an exhibit to this report.
^	Confidential treatment has been requested for certain portions of this agreement. Schedules and exhibits to this agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished supplementally to the Securities and Exchange Commission on request.

134

EX-2.1

hig06302017-10xqex21.htm

Exhibit 2.01

EXECUTION VERSION

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

***CONFIDENTIAL TREATMENT REQUESTED BY THE HARTFORD FINANCIAL SERVICES GROUP, INC.***

COMMITMENT AGREEMENT

June 23, 2017 (the “Commitment Agreement Date”)

The Prudential Insurance Company of America (“Insurer”) is pleased to provide, on the following terms, the nonparticipating allocated single premium group annuity contract, supported by an insulated separate account (the “Contract”) for The Hartford Retirement Plan for U.S. Employees (the “Plan”) in consideration of the mutual promises made and representations, warranties and covenants contained in this Commitment Agreement (this “Commitment Agreement”). For purposes of this Commitment Agreement, capitalized terms will have the meaning set forth in paragraph 12. By signing this Commitment Agreement, Insurer, The Hartford Financial Services Group, Inc. (“Company”), acting solely as plan sponsor and not a fiduciary, and State Street Global Advisors Trust Company, a subsidiary of State Street Bank and Trust Company, acting solely in its capacity as the independent fiduciary of the Plan (“Independent Fiduciary”), agree as follows:

1. Closing. On the terms and subject to the conditions set forth in paragraph 5, the consummation of the Closing Date Transfers and the Contract Issuance (collectively, the “Closing”) will take place on June 30, 2017 if on such date all of the conditions set forth in paragraph 5 have been satisfied or waived, or if the Closing has not occurred on June 30, 2017, then such later date that is one business day after the conditions set forth in paragraph 5 have been satisfied or waived (the “Closing Date”). In addition to the actions specifically provided for elsewhere in this Commitment Agreement, each of the parties will cooperate with each other and use commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or to cause to be done, all things reasonably necessary on its part to consummate the Closing.

2. Contract Issuance. Contemporaneously with Insurer’s receipt of the Closing Date Transfers (as defined below) and subject to the conditions set forth in paragraph 5, Company and Insurer will each duly execute the Contract and Insurer will issue and deliver to Company the Contract (the “Contract Issuance”).

a. Group Annuity Contract. An executable copy of the Contract, including its annuity exhibit, is attached hereto as Schedule 1.

b. Necessary Data. In order for Insurer to issue the Contract and prepare the annuity exhibit:

i. Company has delivered the Base File (the “Annuity Exhibit File”).

ii. Company will provide to Insurer on or before [ * * * ] access to a [ * * * ] portal containing a key that will provide [ * * * ] and the information necessary for Insurer to draft provisions of the Contract, and administer the payments thereunder [ * * * ]. The key provided to Insurer through the [ * * * ] portal will enable Insurer to decode the Base File such that Insurer will have the [ * * * ] (the “Required Data”), [ * * * ].

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

iii. Company will deliver or cause to be delivered to Insurer on or before [ * * * ], the Final Production Data File described in Schedule 8.

If there are any delays in the delivery of the foregoing information based on the delivery dates set forth in Schedule 8 or such other delivery dates as may be designated by Insurer, Insurer may refer any Annuitized Life who contacts Insurer to the Company Contact for assistance and Insurer may, in its sole discretion, delay the mailing of the Welcome Kit and annuity certificates. The initial annuity exhibit attached to the Contract will [ * * * ]. Subject to paragraph 3.f.ii, subsequent annuity exhibits [ * * * ].

c. Allocation of Closing Premium Amount. Upon the Contract Issuance, Insurer will allocate the Closing Premium Amount into the insulated separate account dedicated to the Contract.

d. Tax Reporting. Upon issuance of the Contract, Insurer will be responsible for all federal and applicable state and local tax reporting required with respect to the Annuity Payments.

3. Closing Premium.

a. Closing Premium Amount. Independent Fiduciary will irrevocably direct the Plan Custodian to (i) pay Insurer [ * * * ] (as may be adjusted pursuant to paragraph 11.a.i., the “Closing Premium Amount”), which amount will be satisfied by (1) assigning, transferring and delivering to Insurer all rights, title and interests in and to each Eligible Asset set forth on the Transferred Asset Schedule, attached hereto as Schedule 2, as updated in accordance with paragraph 3.b, and (2) paying to Insurer cash equal to [ * * * ], if any, of (I) the [ * * * ] over (II) the [ * * * ] of the [ * * * ] of [ * * * ] as of the close of business on the [ * * * ] for each [ * * * ] and (ii) [ * * * ] ((i) and (ii), collectively, the “Closing Date Transfers”). If on or following the [ * * * ] the [ * * * ] receives any [ * * * ] with respect to [ * * * ], the [ * * * ] will be retained by the [ * * * ] unless such [ * * * ] were due to the [ * * * ] on or after the [ * * * ]. In addition, other [ * * * ] relevant to [ * * * ] will be retained by the [ * * * ]. In all cases, Company and Independent Fiduciary will work with Insurer in good faith to cause any [ * * * ] to be made to the correct party. In addition, for any [ * * * ] in respect of [ * * * ] due to the [ * * * ] that occur [ * * * ] following the [ * * * ] will work together in good faith to [ * * * ] as needed to reflect [ * * * ]. [ * * * ] acknowledges and agrees that, if the [ * * * ].

b. Schedule 2 Updates. On the [ * * * ] business day after the Commitment Agreement Date, Insurer will deliver to Independent Fiduciary and Company an updated Schedule 2 that reflects the Fair Market Value of each Schedule 2 Asset [ * * * ]. If any dispute with respect to any such information cannot be resolved on or prior to the Closing Date, Insurer’s determination will control for purposes of the Closing Date Transfers but Independent Fiduciary may direct the Plan Custodian to immediately commence an arbitration dispute with respect to any such information. On the Closing Date, Insurer will, if needed, update Schedule 2 to reflect the removal of [ * * * ]. Insurer will, if needed, further update Schedule 2 to reflect the removal of [ * * * ] and is returned to the Plan Custodian in accordance therewith.

c. [ * * * ]. On and as of the business day prior to the Closing Date, Insurer will provide to Independent Fiduciary and Company [ * * * ]. Prior to the Closing Date, Company will confirm to Insurer in writing that such information is accurate and complete or will provide any additions, deletions or corrections to such information. If any dispute with respect to any such information cannot be resolved on or prior

136

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

to the day prior to the Closing Date, Insurer’s [ * * * ] will control for purposes of the Closing Date Transfers but Independent Fiduciary may direct the Plan Custodian to immediately commence an arbitration dispute with respect to any such information.

d. [ * * * ]. By written notice to the other party on or before the fifth business day following the Closing Date, Company or Insurer may identify [ * * * ] and the parties will work in good faith for seven business days following the receipt of such notice to agree on which, if any, [ * * * ]. If the parties agree that [ * * * ] within such seven business days following the receipt of such notice, then, on or before the date that is three business days following such agreement, Independent Fiduciary will promptly cause the Plan Custodian to pay to Insurer an amount, in cash, equal to [ * * * ], and, simultaneously with receipt of such payment from the Plan Custodian, Insurer will return [ * * * ] to the Plan Custodian together with [ * * * ].

e. Interim Post-Closing [ * * * ]. Schedule 3 provides a description of the methodologies and procedures by which Insurer will calculate the Interim Post-Closing [ * * * ]. Insurer, Company and Independent Fiduciary will cooperate in good faith in calculating the Interim Post-Closing [ * * * ] subject to the following acknowledgements, limitations and conditions:

i. Interim True-Up File. Twenty business days before the Interim True-Up Date, Insurer will send to Company, in the form of a changes only file that incorporates any updates to [ * * * ] included in the Base File, as supplemented by the data provided pursuant to paragraph 2.b, reflecting any [ * * * ] known to Insurer as of the Interim Data Finalization Date (the “Interim True-Up File”).

ii. [ * * * ] and Annuity Exhibit.

1. To the extent that Company discovers or has any [ * * * ] after [ * * * ] and before the Interim Data Finalization Date, Company will provide written notice of such [ * * * ] as promptly as reasonably practicable to Insurer. Insurer will only be responsible for incorporating into the calculation of the Interim Post-Closing [ * * * ]. Such incorporation is subject to Insurer’s agreement with such [ * * * ] and any limitations on incorporating such [ * * * ] into the Interim Post-Closing [ * * * ] set forth in Schedule 3.

2. Ten business days before the Interim True-Up Date, Insurer will deliver to Company the revised annuity exhibit utilizing and consistent with the Interim True-Up File and reflecting any [ * * * ] in accordance with paragraph 3.e.i and Schedule 3. Six business days before the Interim True-Up Date, Company will respond to Insurer with any questions on the revised annuity exhibit. Insurer and Company will cooperate in good faith to resolve any discrepancies on or before the fourth business day before the Interim True-Up Date and Insurer will reflect in the revised annuity exhibit any changes that have been agreed to on or before such fourth business day.

iii. Interim Post-Closing [ * * * ] Calculation. Three business days before the Interim True-Up Date, Insurer will send the calculation of the Interim Post-Closing [ * * * ] to Company.

iv. Interim [ * * * ] Payment. The Interim Post-Closing [ * * * ] will be paid on the Interim True-Up Date as follows: (1) if the Interim Post-Closing [ * * * ] is a positive number, then Independent

137

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

Fiduciary will irrevocably direct the Plan Custodian to pay to Insurer an amount, in cash, equal to the [ * * * ] or (2) if the Interim Post-Closing [ * * * ] is a negative number, then Insurer will pay to the Plan Custodian an amount, in cash, equal to [ * * * ]. Upon payment of the Interim Post-Closing [ * * * ], Company and Insurer will amend the Contract on the Interim True-Up Date to reflect such Interim Post-Closing [ * * * ] and payment thereof and the revised annuity exhibit.

f. Final [ * * * ]. Schedule 3 provides a description of the methodologies and procedures by which Insurer will calculate the Final [ * * * ]. Insurer, Company and Independent Fiduciary will cooperate in good faith in calculating the Final [ * * * ] subject to the following acknowledgements, limitations and conditions:

i. Final True-Up File. Twenty business days before the Final True-Up Date, Insurer will send to Company, in the form of a changes only file that incorporates any updates to [ * * * ] included in the Base File, as supplemented by the data provided pursuant to paragraph 2.b, reflecting any [ * * * ] known to Insurer as of the Data Finalization Date that were not included in the Interim True-Up File (the “Final True-Up File”).

ii. [ * * * ] and Annuity Exhibit.

1. To the extent that Company discovers or has any [ * * * ] after the Interim Data Finalization Date and before the Data Finalization Date, Company will provide written notice of such [ * * * ] as promptly as reasonably practicable to Insurer. Insurer will only be responsible for incorporating into the calculation of the Final [ * * * ]. Such incorporation is subject to Insurer’s agreement with such [ * * * ] and any limitations on incorporating such [ * * * ] into the Final [ * * * ] set forth in Schedule 3.

2. Ten business days before the Final True-Up Date, Insurer will deliver to Company the revised annuity exhibit utilizing and consistent with the Final True-Up File and reflecting any [ * * * ] in accordance with paragraph 3.f.i and Schedule 3. Six business days before the Final True-Up Date, Company will respond to Insurer with any questions on the revised annuity exhibit. Insurer and Company will cooperate in good faith to resolve any discrepancies on or before the fourth business day before the Final True-Up Date and Insurer will reflect in the revised annuity exhibit any changes that have been agreed to on or before such fourth business day. Company acknowledges and agrees that the revised annuity exhibit will not include [ * * * ]. [ * * * ] will cooperate and use their respective reasonable best efforts, including [ * * * ] in a form acceptable to [ * * * ] for [ * * * ] to deliver the [ * * * ].

iii. Final [ * * * ] Calculation. Three business days before the Final True-Up Date, Insurer will send the calculation of the Final [ * * * ] to Company.

iv. Final [ * * * ] Payment. The Final [ * * * ] will be paid on the Final True-Up Date as follows: (1) if the Final [ * * * ] is a positive number, then Independent Fiduciary will irrevocably direct the Plan Custodian to pay to Insurer an amount, in cash, equal to [ * * * ] or (2) if the Final [ * * * ] is a negative number, then Insurer will pay to the Plan Custodian an amount, in cash, equal to [ * * * ]. Upon payment of the Final [ * * * ], Company and Insurer will amend the Contract on the Final True-Up Date to reflect such Final [ * * * ] and payment thereof and the revised annuity exhibit.

138

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

g. Available Assets. The Plan’s assets currently held by the Plan Custodian are sufficient to enable the Plan Custodian to pay all amounts that it is directed to pay to Insurer by Independent Fiduciary pursuant to this Commitment Agreement.

4. Representations and Warranties.

a. Company Representations and Warranties. Company hereby represents and warrants to Insurer and Independent Fiduciary as of the Commitment Agreement Date and as of the Closing Date that:

i. Due Organization, Good Standing and Corporate Power. Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Company is duly qualified or licensed to do business and is in good standing in each jurisdiction in which its performance of its obligations in the Commitment Agreement and the transactions contemplated hereunder makes such qualification or licensing necessary, except in such jurisdictions where the failure to be in good standing or so qualified or licensed would not be material. Company has all requisite power and authority to enter into and carry out its obligations under this Commitment Agreement and to consummate the transactions contemplated to be undertaken by Company in this Commitment Agreement.

ii. Accuracy of Information. To Company’s knowledge, (1) the mortality experience data file provided by or on behalf of Company to Insurer identified on Schedule 4 did not contain any misstatements or omissions that were, in the aggregate, material, and (2) the data in respect of benefit amounts before and after any social security offset, dependent spouse death pension annuity amounts, any future benefit change dates, forms of annuities and the census data for name, date of birth, date of death, state of residence, social security or federal taxpayer identification number, lump-sum indicator, status (beneficiary in pay or participant), years of service or pre-commencement death benefit factor, in each case, with respect to the potential Annuitized Lives that was furnished by or on behalf of Company to Insurer, was not generated using any materially incorrect systematic assumptions or material omissions.

iii. Plan Investments. There are no commingled investment vehicles that hold Plan Assets, the units of which are or will be Plan Assets involved in the transactions contemplated by this Commitment Agreement. No Plan Assets that are or will be involved in the transactions contemplated by this Commitment Agreement are or will be managed by any investment manager listed on Schedule 5, and no investment advisor listed on Schedule 5 renders or will render investment advice (within the meaning of ERISA § 3(21)(A)(ii)) with respect to those assets. The Plan Assets that are or will be involved in the transactions contemplated by this Commitment Agreement will, immediately prior to the Closing, be exclusively managed by [ * * * ]. [ * * * ] has not engaged any sub-managers or advisors with respect to its management of the Plan Assets that are or will be involved in the transactions contemplated by this Commitment Agreement.

iv. Compliance with ERISA. The Plan is maintained under and is subject to ERISA and, to Company’s knowledge, is in compliance with ERISA in all material respects. To Company’s knowledge, no event has occurred that is reasonably likely to result in the Plan losing its status as qualified by the Code for preferential tax treatment under Code §§ 401(a) and 501(a). All Plan amendments necessary to effect the transactions contemplated by this Commitment Agreement and all other

139

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

agreements it contemplates have been duly executed and, to the extent that they require authorization by Company, have been duly authorized and made by Company.

v. Independent Fiduciary. Independent Fiduciary has been duly appointed as independent fiduciary of the Plan with respect to the purchase of one or more group annuity contracts to (1) be the designated fiduciary responsible for selecting one or more insurers to provide annuities in accordance and compliance with the ERISA Requirements, (2) determine whether the transactions contemplated by this Commitment Agreement and in the Contract satisfy ERISA, (3) represent the interests of the Plan and its participants and beneficiaries in connection with the transaction and the negotiation of the Commitment Agreement and, to the extent set forth in the engagement letter between The Hartford Pension Fund Trust and Investment Committee and Independent Fiduciary dated March 20, 2017 (the “IF Engagement Letter”), the terms of any agreements with Insurer, including the Contract and the annuity certificates, (4) direct the Plan Custodian on behalf of the Plan to transfer the Closing Date Transfers in connection with the consummation of the transactions contemplated by this Commitment Agreement and any amounts required pursuant to paragraphs 3.d, 3.e.iv and 3.f.iv and (5) take all other actions on behalf of the Plan necessary to effectuate the foregoing to the extent set forth in the IF Engagement Letter.

vi. Plan Custodian Is Directed Custodian. The Plan Custodian has been duly appointed as the directed custodian of the Plan and will be directed by Independent Fiduciary and is obligated to follow Independent Fiduciary’s directions to effectuate and consummate the transactions contemplated by this Commitment Agreement and the IF Engagement Letter.

vii. No Commissions. No fees, commissions or payments are or will be owed by Company to any individual or entity in connection with the transactions contemplated by this Commitment Agreement and all other agreements it contemplates for which any other party, or its respective affiliates or representatives, could be liable.

viii. Enforceability. This Commitment Agreement is duly executed and delivered by Company, and is a valid and binding obligation of Company and enforceable against Company in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (such exceptions, as applicable to any person, the “Enforceability Exceptions”). The execution, delivery and performance of this Commitment Agreement by Company, and the consummation by Company of the transactions contemplated to be undertaken by Company do not (1) violate or conflict with any law or order of any governmental authority applicable to Company, (2) require any governmental approval, (3) violate or conflict with (I) any provision of thePlan and any documents and instruments governing the Plan as contemplated under ERISA § 404(a)(1)(D) (the “Plan Governing Documents”), the certificates or articles of incorporation, bylaws, code of regulations or the comparable governing documents of Company or (II) any law or order of any governmental authority applicable to the Plan Governing Documents, (4) require any governmental approval or (5) require any consent of or other action by any person under, constitute a default or an event that, with or without notice or lapse of time or both, would constitute a default under, or cause or permit termination, cancellation, acceleration or other change of any right or obligation or the loss of any benefit under, any provision of any contract to which Company is a

140

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

party, except where the occurrence of any of the foregoing would not have a material adverse effect on Company’s ability to consummate the transactions contemplated by this Commitment Agreement.

b. Independent Fiduciary Representations and Warranties. Independent Fiduciary hereby represents and warrants to Company and Insurer as of the Commitment Agreement Date and as of the Closing Date, and with respect to paragraph 4.b.iii.4 only, as of any other date on which the Plan Custodian pays cash or assets to Insurer in connection with the transactions contemplated by this Commitment Agreement or the Contract, that:

i. Due Organization, Good Standing and Corporate Power. Independent Fiduciary is a trust company duly organized, validly existing and in good standing under the laws of the Commonwealth of Massachusetts. Independent Fiduciary is duly qualified or licensed to do business and is in good standing in each jurisdiction in which its performance of its obligations in the Commitment Agreement and the transactions contemplated hereunder makes such qualification or licensing necessary, except in such jurisdictions where the failure to be in good standing or so qualified or licensed would not be material. Independent Fiduciary has all requisite power and authority to enter into and carry out its obligations under this Commitment Agreement and to consummate the transactions contemplated to be undertaken by Independent Fiduciary in this Commitment Agreement.

ii. Independent Fiduciary Compliance with ERISA.

1. Independent Fiduciary meets the requirements of, and in the transactions contemplated by this Commitment Agreement is acting as, an “investment manager” under ERISA § 3(38), and further constitutes a “qualified professional asset manager” under the U.S. Department of Labor Prohibited Transaction Class Exemption 84-14 solely with respect to the transfer of assets to Insurer in connection with the transactions contemplated by this Commitment Agreement and the Contract (but not the selection of such assets or the management of such assets prior to the transfer).

2. Independent Fiduciary has accepted, and has not rescinded or terminated, its designation as the designated fiduciary of the Plan with authority to select one or more insurers to issue one or more group annuity contracts in the IF Engagement Letter (a true and correct copy of which has been provided to Insurer, except that the fees to be paid to Independent Fiduciary have been redacted), and Independent Fiduciary reaffirms its fiduciary status as set forth in the IF Engagement Letter.

3. Independent Fiduciary has accepted, and has not rescinded or terminated, appointment as independent fiduciary of the Plan to (I) be the sole fiduciary responsible for selecting one or more insurers to provide annuities in accordance and compliance with the ERISA Requirements, (II) determine whether the transactions contemplated by this Commitment Agreement and in the Contract satisfy ERISA, (III) represent the interests of the Plan and its participants and beneficiaries in connection with the transaction and the negotiation of a commitment agreement and the terms of any agreements with Insurer, including the Contract and the annuity certificates, (IV) direct the Plan Custodian on behalf of the Plan to transfer

141

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

the Closing Date Transfers in connection with the consummation of the transactions contemplated by this Commitment Agreement and any amounts required pursuant to paragraphs 3.d, 3.e.iv and 3.f.iv and (V) take all other actions on behalf of the Plan necessary to effectuate the foregoing to the extent set forth in the IF Engagement Letter.

4. Independent Fiduciary is fully qualified and has the requisite expertise together with its reliance on its consultant, Aon Hewitt Investment Consulting, Inc., and its counsel, Morgan Lewis & Bockius, to serve as an independent fiduciary in connection with the transactions contemplated by this Commitment Agreement, and it is independent of Company and Insurer within the meaning of 29 C.F.R. § 2570.31(j).

iii. ERISA-Related Determinations.

1. Independent Fiduciary has selected Insurer to issue the Contract as set forth in this Commitment Agreement and such selection, the transactions contemplated by this Commitment Agreement and the Contract (including its terms) each satisfies the ERISA Requirements.

2. The transactions contemplated by this Commitment Agreement and the purchase of the Contract do not result in a transaction prohibited by ERISA § 406 or Code § 4975, for which no statutory exemption or U.S. Department of Labor class exemption is available, provided that the representations in paragraph 4.a.iii and 4.c.iii are true and correct in all material respects as of the Closing Date.

3. The Plan (I) will receive no less than “adequate consideration” for the Closing Premium Amount, as adjusted by any [ * * * ] in accordance with paragraphs 3.e and 3.f, and (II) will pay no more than “adequate consideration” for the Contract, in each case within the meaning of “adequate consideration” under ERISA § 408(b)(17)(B) and Code § 4975(f)(10).

4. Independent Fiduciary is responsible for exercising independent judgment in evaluating any transactions that the Plan engages in with Insurer (including the purchase of the Contract). Independent Fiduciary is not an affiliate of Insurer and does not have a financial interest, ownership interest or other relationship, agreement or understanding with Insurer that would limit or might otherwise affect its ability to exercise its best judgment as a fiduciary. Independent Fiduciary holds, or has under management or control, total assets of at least $50 million, as described in 29 C.F.R. § 2510.3-21(c)(1)(i)(E) (as amended from time to time). Independent Fiduciary understands that Insurer did not undertake and is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with any transactions that the Plan engages in with Insurer (including purchase of the Contract) and that Independent Fiduciary is exercising independent judgment in evaluating any such transactions.

iv. No Commissions. No fees, commissions or payments are or will be owed by Independent Fiduciary to any individual or entity in connection with the transactions contemplated by this Commitment Agreement and all other agreements it contemplates for which any other party, or its respective affiliates or representatives, could be liable.

142

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

v. Enforceability. This Commitment Agreement is duly executed and delivered by Independent Fiduciary, and is a valid and binding obligation of Independent Fiduciary and enforceable against Independent Fiduciary in accordance with its terms, subject to the Enforceability Exceptions. The execution, delivery and performance of this Commitment Agreement by Independent Fiduciary, and the consummation by Independent Fiduciary of the transactions contemplated to be undertaken by Independent Fiduciary do not (1) violate or conflict with the certificates or articles of incorporation, bylaws, code of regulations or the comparable governing documents of Independent Fiduciary, (2) violate or conflict with any law or order of any governmental authority applicable to Independent Fiduciary, (3) require any governmental approval, (4) violate or conflict with any law or order of any governmental authority applicable to any provision of thePlan Governing Documents or (5) require any consent of or other action by any person.

c. Insurer Representations and Warranties. Insurer hereby represents and warrants to Company and Independent Fiduciary as of the Commitment Agreement Date and as of the Closing Date that:

i. Due Organization, Good Standing and Corporate Power. Insurer is a life insurance company, duly organized, validly existing and in good standing under the laws of the State of New Jersey. Insurer is duly qualified or licensed to do business and is in good standing in each jurisdiction in which its performance of its obligations in the Commitment Agreement and the transactions contemplated hereunder makes such qualification or licensing necessary, except in such jurisdictions where the failure to be in good standing or so qualified or licensed would not be material. Insurer has all requisite power and authority to enter into and carry out its obligations under this Commitment Agreement and to consummate the transactions contemplated to be undertaken by Insurer in this Commitment Agreement.

ii. Compliance with Laws. The business of insurance conducted by Insurer has been and is being conducted in material compliance with applicable laws.

iii. Relationship to the Plan. Insurer is not (1) a trustee of the Plan (other than a non-discretionary trustee who does not render investment advice with respect to any assets of the Plan), (2) a plan administrator (within the meaning of ERISA § 3(16)(A)) or (3) an employer any of whose employees are covered by the Plan. Schedule 5 sets forth a true and complete list of (I) Insurer and Insurer’s affiliates that are investment managers within the meaning of ERISA § 3(38) and (II) without duplication of clause (I), Insurer and Insurer’s affiliates that are registered as investment advisers under the Investment Advisers Act of 1940; provided, however, that solely with respect to the representation and warranty as to Schedule 5 to be made by Insurer on and as of the Closing Date, Insurer may update Schedule 5 through the Closing Date by providing a written update to Company so that the information included therein is current on and as of the Closing Date.

iv. No Post-Closing Liability. Following the Closing Date, the Plan, Independent Fiduciary and Company and their respective affiliates and representatives will not have any liability to pay any Annuity Payments.

v. RBC Ratio. Insurer’s most recent Projected RBC Ratio is [ * * * ], and, to Insurer’s knowledge, no [ * * * ] has occurred between the date of Insurer’s most recent Projected RBC Ratio and the

143

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

Commitment Agreement Date that would be expected to cause Insurer’s Projected RBC Ratio to [ * * * ].

vi. No Commissions. No fees, commissions or payments are or will be owed by Insurer to any individual or entity in connection with the transactions contemplated in this Commitment Agreement and all other agreements it contemplates for which any other party, or its respective affiliates or representatives, could be liable. Insurer expressly acknowledges that it has provided no compensation, directly or indirectly, to any consultant or advisor set forth on Schedule 6 retained by Company in connection with the transactions contemplated in this Commitment Agreement.

vii. Enforceability. This Commitment Agreement is duly executed and delivered by Insurer, and is a valid and binding obligation of Insurer and enforceable against Insurer in accordance with its terms, subject to the Enforceability Exceptions. The execution, delivery and performance of this Commitment Agreement by Insurer and the consummation by Insurer of the transactions contemplated to be undertaken by Insurer do not (1) violate or conflict with any provision of its certificates or articles of incorporation, bylaws, code of regulations or the comparable governing documents, (2) except for the filings and approvals of state insurance governmental authorities in the states listed on Schedule 7, violate or conflict with any law or order of any governmental authority applicable to Insurer or (3) require any consent of or other action by any person under, constitute a default or an event that, with or without notice or lapse of time or both, would constitute a default under, or cause or permit termination, cancellation, acceleration or other change of any right or obligation or the loss of any benefit under, any provision of any contract to which Insurer is a party, except where the occurrence of any of the foregoing would not have a material adverse effect on Insurer’s ability to consummate the transactions contemplated by this Commitment Agreement. No filing or approval is required to issue the annuity certificates in accordance with the Contract, other than any filing made or approval received as of the date of this Commitment Agreement and filings with and approvals of state insurance governmental authorities in the states listed on Schedule 7.

viii. The Contract. The Contract, when executed contemporaneously with completion of the Closing Date Transfers, will be duly executed and delivered by Insurer and will be a valid and binding obligation of Insurer and enforceable against Insurer by the contract-holder and each Annuitized Life in accordance with its terms, subject to the Enforceability Exceptions. The Contract has been filed and approved by the Connecticut Insurance Department. In the event contract-holder ceases to exist, or notifies Insurer that it will cease to perform its obligations under the Contract, the Contract will remain a valid and binding obligation of Insurer and enforceable against Insurer by each Annuitized Life in accordance with its terms, subject to the Enforceability Exceptions. At all times, the right to a benefit under the Contract, in accordance with the Contract’s terms, will be enforceable by the sole choice of the Annuitized Life to whom the benefit is owed by the Contract, subject to the Enforceability Exceptions.

5. Conditions to Close. The parties’ obligations to consummate the transaction contemplated by this Commitment Agreement in connection with the Closing, including Independent Fiduciary’s obligation to direct the Plan Custodian to consummate transactions contemplated by this Commitment Agreement, is subject to the condition that no order, decision, injunction (preliminary or otherwise) or judgment entered,

144

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

issued, made or rendered by any governmental authority will be in effect that prohibits consummation of any of the transactions contemplated by this Commitment Agreement and no action initiated against any party or the Plan or any of its fiduciaries by a governmental authority that seeks to enjoin the consummation of the transactions contemplated by this Commitment Agreement or that otherwise asserts that the transactions contemplated by this Commitment Agreement violate applicable law will have been filed or commenced and then be pending.

6. Administration and Transfer.

a. Administrative Transition. Company will provide or cause to be provided to Insurer the information reasonably needed to administer the payments under the Contract, including, as necessary, access to subject matter experts to address any questions Insurer may have regarding the benefit provisions, and will complete or cause to be completed all processes set forth in Schedule 8 required of Company, or to be carried out by any affiliates, representatives or service providers of Company, the Plan or Plan Custodian. Company and Insurer will use commercially reasonable efforts to take or cause to be taken all actions and do or cause to be done all things necessary to coordinate the takeover by Insurer of all administration responsibilities necessary to effectively provide recordkeeping and administration services regarding payments under the Contract commencing on [ * * * ]. Company will provide Insurer with final census data in good order on or before [ * * * ] in order for Insurer to provide recordkeeping and administration services regarding payments under the Contract commencing on [ * * * ]. Company and Insurer agree to cooperate with each other in the takeover of such recordkeeping and administration services, including that Company will cooperate with Insurer to ensure any third-party service provider provides Insurer with any information or records relating to the Plan benefits and the Annuitized Lives in its possession that Insurer reasonably requires to perform such services, including any information or records set forth in Schedule 8.

b. Call Center and Company Contact. Representatives of Insurer at its customer service center will from [ * * * ], until Insurer’s call center for this transaction becomes available on [ * * * ], respond to inquiries from Annuitized Lives (or any other caller) by providing a general description, mutually agreed by Insurer and Company, of Insurer’s financial strength, the transfer of benefits (but not advising as to whether a caller is or is not an Annuitized Life) and referring the Annuitized Lives (or any other caller) to the current Plan administration customer line. Company will not and will cause its affiliates and representatives not to release Insurer’s contact information to any Annuitized Life prior to the mailing of the Welcome Kit by Insurer. Insurer will maintain, at its cost and expense, a toll-free phone number and a website (the “Call Center”) that will be available starting from [ * * * ] for Annuitized Lives to contact Insurer with questions related to the Contract and the annuity certificates. For a period of five years following the Closing Date, Company will maintain, at its cost and expense, a point of contact (the “Company Contact”) that will be available from and after the Closing Date and to which Insurer may refer Annuitized Lives who pose questions related to their Plan benefits. If an Annuitized Life contacts Company with questions related to the Contract and the annuity certificates, Company may refer the Annuitized Life to the Call Center. If an Annuitized Life contacts Insurer with questions related to their Plan benefits, Insurer may refer the Annuitized Life to the Company Contact.

c. State Guaranty Association Coverage. Insurer will pay all assessments due to the applicable state guaranty associations, and will report the Closing Premium Amount on its statutory filings, in each

145

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

case, as required with respect to the Contract under applicable law and rules of applicable state guaranty associations.

7. Public Announcements and Other Communications.

a. Press Releases. No party (or its advisors or representatives) to this Commitment Agreement will issue or cause the publication of any press release or public announcement in respect of this Commitment Agreement or the transactions contemplated by this Commitment Agreement without the prior written consent of the other parties (which consent will not be unreasonably withheld, conditioned or delayed), except as may be required by law or applicable securities exchange rules, in which case the party required to publish such press release or public announcement will allow the other parties a reasonable opportunity to comment on such press release or public announcement in advance of such publication. Notwithstanding anything to the contrary in this paragraph 7.a, Company may issue a press release substantially in the form attached as Schedule 9, and Insurer, within two business days following Company’s issuance of its press release, may issue a statement on its website substantially in the form attached as Schedule 10, and each party may reasonably respond to inquiries from the news media following the publication of such press releases and such party will notify the other parties of any such inquiries.

b. No Insurer Communications. From the Commitment Agreement Date until the issuance of any annuity certificate by Insurer to an annuitant, other than as provided for in this Commitment Agreement, without Company’s prior written consent, (i) Insurer will cause the employees of its retirement services business unit not to initiate any contact or communication with any participant or beneficiary of the Plan in connection with any transactions other than those transactions contemplated by this Commitment Agreement and (ii) Insurer will not, and will cause all of its affiliates not to, provide any of their respective insurance agents, wholesalers, retailers or other representatives with any contact information of such participants and beneficiaries of the Plan obtained from Company or any of its representatives in connection with the transactions contemplated by this Commitment Agreement, except for those representatives of Insurer or any of their respective affiliates who need to know such information for purposes of the transactions contemplated by this Commitment Agreement and agree to comply with the requirements of this Commitment Agreement. However, this paragraph 7.b will not restrict employees of Insurer’s retirement services business unit from contacting any participant or beneficiary of the Plan in connection with, or to facilitate, Insurer’s performance of its obligations under the Contract, the annuity certificates or this Commitment Agreement. Until the issuance of an annuity certificate by Insurer to an annuitant, other than as provided for in this Commitment Agreement, if any participant or beneficiary of the Plan contacts an employee of Insurer’s retirement services business unit, Insurer and Company will cooperate to coordinate a response to such participant or beneficiary of the Plan.

c. Sale or Promotion of Insurer’s Other Products. From the Commitment Agreement Date until the date that is [ * * * ], Insurer agrees that neither it nor its affiliates, respective insurance agents, wholesalers, employees, brokers, retailers or other representatives will use Confidential Information with respect to prospective Annuitized Lives to contact Annuitized Lives to sell or promote its other products. Nothing in this paragraph 7.c will prohibit Insurer or its affiliates, respective insurance agents, wholesalers, employees, brokers, retailers or other representatives who (i) already knew the Confidential Information prior to the confidential disclosure by Company, (ii) independently developed

146

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

the Confidential Information not in breach of the Company NDA or the IFID NDA or paragraph 10 of this Commitment Agreement, (iii) obtained Confidential Information already known to the public or (iv) received the Confidential Information from a source other than employees of Insurer’s retirement services business unit, from contacting prospective Annuitized Lives or Annuitized Lives to sell or promote Insurer’s other products.

d. SEC Filings. If Company concludes that disclosure of this Commitment Agreement is required by the rules of the Securities and Exchange Commission (“SEC”), (i) Company and Insurer will cooperate to make an application by Company with the SEC for confidential treatment of information relating to the pricing of the Contract and such other information as Company and Insurer mutually conclude is competitively sensitive from the perspective of Company or Insurer or otherwise merits confidential treatment and (ii) Company will include Insurer in any material correspondence (written or oral) with the SEC regarding such application for confidential treatment, and Company and Insurer will otherwise reasonably cooperate in connection with such application, including by Company proposing to redact confidential portions of documents as to which the SEC staff seeks disclosure.

8. Welcome Kit and Annuity Certificates.

a. Cooperation. Insurer, Company and Independent Fiduciary will cooperate in good faith to agree on communications to be provided prior to the Interim Data Finalization Date (or delivery of annuity certificates, if later) to annuitants, including the Welcome Kit and the annuity certificates; provided, however, that the annuity certificates will provide that the annuitant has the right to enforce all provisions of the Contract, including provisions with respect to such annuitant’s Annuity Payments, solely against Insurer and against no other person including the Plan, Independent Fiduciary, Company or any affiliate thereof.

b. Welcome Kit. On or before [ * * * ], Insurer will mail a welcome kit to annuitants under the Contract (the “Welcome Kit”); provided, that Insurer will begin the process of mailing the Welcome Kit by [ * * * ]. Insurer will send a preliminary draft of the Welcome Kit to Company and Independent Fiduciary as soon as practicable, and Insurer will consider in good faith any comments made by Company or Independent Fiduciary on or before five business days after they receive the preliminary draft of the Welcome Kit from Insurer.

c. Annuity Certificates. Insurer will use commercially reasonable efforts to obtain all regulatory approvals that are necessary for the issuance of any annuity certificate. Insurer will mail an annuity certificate to (i) each immediate annuitant by [ * * * ] and (ii) each deferred annuitant no more than [ * * * ] following the mailing of the Welcome Kit, subject to receiving regulatory approvals for any such annuity certificate, if needed. To the extent that any changes are made to the forms of annuity certificates or the related benefit terms after Company, Insurer and Independent Fiduciary have agreed on the forms of annuity certificates to be filed and the related benefit terms, the mailing of an annuity certificate to each applicable annuitant will be extended by the number of days elapsed since Company, Insurer and Independent Fiduciary had first agreed on the form of such annuity certificate and the related benefit terms. Notwithstanding anything to the contrary in this paragraph 8.c, in the event that Insurer has not been provided with the Required Data for any annuitant, contingent annuitant, deferred annuitant, dependent spouse, alternate payee, beneficiary or any other payee, Insurer may delay the mailing of the Welcome Kit and annuity certificate to such annuitant, contingent annuitant, deferred

147

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

annuitant, dependent spouse, alternate payee, beneficiary or any other payee until such time as Insurer has been provided with the Required Data.

d. Claims Procedures. From and after the Annuity Commencement Date, Insurer will maintain written rules and procedures to govern the submission to Insurer of claims, claims appeals and requests by Annuitized Lives regarding Annuity Payments. Such written rules and procedures will be otherwise consistent with Insurer’s standard rules and procedures for handling inquiries from annuitants covered by its group annuity contracts, as the same may change from time to time.

9. Indemnification by Insurer. From and after the Closing, Insurer agrees to indemnify, defend and hold Company, the Plan, Independent Fiduciary and any other person acting as fiduciary or agent for the Plan and their respective affiliates, officers, directors, stockholders, employees, agents and other representatives (each, an “Indemnified Party”) harmless from and against any and all liabilities (in each case, including reasonable out-of-pocket expenses and reasonable fees and expenses of counsel) to the extent arising out of or relating to the portion of any action, lawsuit, proceeding, investigation, demand or other claim against the Indemnified Party by a third party that is threatened or brought against or that involves an Indemnified Party and that arises out of or relates to any failure, or alleged failure, by Insurer to perform or comply with the terms of the Contract including making the payments in respect of the Annuitized Lives to be made pursuant to the Contract (collectively, “Indemnified Claims”).

a. Procedures for Indemnification Claims.

i. Any Indemnified Party making a claim for indemnification for Indemnified Claims under this paragraph 9 will notify Insurer of each Indemnified Claim in writing, promptly after receiving notice of such, describing the Indemnified Claim, the amount thereof (if known and quantifiable) and the basis thereof in reasonable detail. However, an Indemnified Party’s failure to notify Insurer will not relieve Insurer of its obligations under this paragraph 9 except to the extent that (and only to the extent that) such failure caused or would reasonably be expected to cause, the indemnifiable liabilities to be greater than such liabilities would have been had the Indemnified Party given Insurer prompt notice.

ii. Insurer will have the right at any time to assume the defense against any Indemnified Claim with counsel of choice reasonably satisfactory to the Indemnified Party and control the defense of such Indemnified Claim.

iii. From and after the date that Insurer has assumed and is conducting the defense of an Indemnified Claim in accordance with paragraph 9.a.ii, (1) each Indemnified Party may retain separate co-counsel at its sole cost and expense and participate in, but not control, the defense of such Indemnified Claim, (2) each Indemnified Party may retain separate counsel at its sole cost and expense to control the defense of any portion of the action, lawsuit, proceeding, investigation, demand or other claim against the Indemnified Party that is not an Indemnified Claim (the “Uncovered Claim”), (3) Insurer and the Indemnified Party will cooperate fully with each other and any of their respective counsel in connection with the defense, negotiation or settlement of any such Indemnified Claim or (if the Indemnified Party retains counsel for the Uncovered Claim) the Uncovered Claim, including providing access to any relevant books and records, properties, employees and representatives, provided that, for avoidance of doubt, the foregoing will not require

148

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

any person to waive, or take any action that has the effect of waiving, its attorney-client privilege, attorney work product or any other applicable privilege with respect thereto, (4) Insurer will not consent to the entry of any judgment on or enter into any settlement with respect to such Indemnified Claim without the Indemnified Party’s prior written consent (which will not be unreasonably withheld, conditioned or delayed) unless the judgment or proposed settlement or other equitable relief would adversely impact the Indemnified Party, adversely impact the Plan’s tax-qualified status or admit liability on the part of any Indemnified Party, (5) the Indemnified Party will not consent to the entry of any judgment or enter into any settlement with respect to such Indemnified Claim without Insurer’s prior written consent (which will not be unreasonably withheld, conditioned or delayed) and (6) the Indemnified Party may consent to the entry of any judgment or enter into any settlement with respect to the Uncovered Claim without Insurer’s prior consent.

iv. If Insurer has not assumed the defense of an Indemnified Claim after receiving notice of the Indemnified Claim, (1) the Indemnified Party may defend against the Indemnified Claim in any manner it reasonably determines to be appropriate, (2) Insurer will reimburse the Indemnified Party promptly and periodically for the costs of defending against the Indemnified claim (including reasonable attorneys’ fees and expenses allocable to such Indemnified Claim) to the extent such costs are liabilities for which the Indemnified Party is entitled to indemnification under this paragraph 9 and (3) Insurer will remain responsible for any costs the Indemnified Party may incur resulting from the Indemnified Claim to the extent such costs are liabilities for which the Indemnified Party is entitled to indemnification under this paragraph 9. If the Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by paragraph 9.a.iii, Insurer is not responsible in any way for any liabilities or orders resulting from not responding to or defending such Uncovered Claim, provided that Insurer’s responsibility for Indemnified Claims will not be altered in any way.

v. Notwithstanding anything in this Commitment Agreement to the contrary, this paragraph 9 will not be deemed to supersede or extinguish any rights of Independent Fiduciary or Company pursuant to the IF Engagement Letter.

b. Claims, Payment and Treatment of Payments. On each occasion that any Indemnified Party is entitled to indemnification under this paragraph 9, Insurer will, at each such time, promptly pay the amount of such indemnification within ten business days following receipt of an invoice for out-of-pocket expense, fees or other amounts for which it is liable under this paragraph 9. Any indemnification payments made pursuant to this Commitment Agreement will be treated for tax purposes as an adjustment to the premium for the Contract, unless otherwise required by applicable law.

10. Confidentiality. It is understood that, in connection with the negotiation of this Commitment Agreement as well as in previous discussions and interactions involving the matters addressed by this Commitment Agreement, each party has received and will receive from the other parties business and technical information or processes, stored in any medium, to the extent the same is reasonably construed or generally accepted as containing a trade secret, proprietary or confidential information of or belonging to any party, its representatives, its affiliates or its affiliates’ representatives, including Company and Plan administrative practices, [ * * * ], know-how and trade secrets, customer or client requirements and lists, [ * * * ], technology, software and data processing procedures, insurance, actuarial, accounting and financial data, management systems, records and any other information that is designated as confidential, the portions

149

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

of any reports or other documents prepared by any professional engaged in connection with this Commitment Agreement and any report or other document prepared by a receiving party that contains or incorporates a trade secret, proprietary or confidential information of a disclosing party (“Confidential Information”). Confidential Information includes information communicated orally, in writing or in any other recorded or tangible form, information supplied by the disclosing party and information delivered prior to the Commitment Agreement Date pursuant to the IFID NDA or the Company NDA. Information received by the receiving party containing trade secrets or proprietary or confidential information constitutes Confidential Information. Except as set forth in this Commitment Agreement (including except as expressly permitted or contemplated by the other provisions of this Commitment Agreement), the parties will not use the Confidential Information of another disclosing party except in connection with the performance of their respective obligations under this Commitment Agreement and will not disclose (and will cause their respective representatives, affiliates and affiliates’ representatives not to disclose) any Confidential Information received from another party, the Plan or their respective representatives, affiliates or affiliates’ representatives, except to such receiving party’s representatives, affiliates and affiliates’ representatives that have a need to know and have agreed to maintain the confidentiality of Confidential Information in accordance with this paragraph 10 (or are otherwise bound). The disclosing party is and will be an express third-party beneficiary of such agreement by such receiving party’s representatives, affiliates and affiliates’ representatives.

a. This paragraph 10 will not apply with respect to Confidential Information that the receiving party can demonstrate is or was (i) already known to the receiving party or its affiliates or representatives prior to the confidential disclosure by the disclosing party or any of its affiliates or representatives, other than through a breach of an obligation of confidentiality of the disclosing party, (ii) independently developed by the receiving party or its affiliates or representatives not in violation or breach of this Commitment Agreement or any other confidentiality obligation to the disclosing party (such as the IFID NDA, the Company NDA or any retention agreement with a firm or professional in connection with this Commitment Agreement), (iii) already known to the public without breach of confidence by the receiving party or any of its affiliates, (iv) received by the receiving party from a third party without restrictions on its use in favor of the disclosing party, whether by law or contract, or (v) subject to prior compliance with paragraph 10.b, required to be disclosed pursuant to any applicable law, stock exchange regulation, regulatory agreement, provision or request, court order, subpoena or other legal process.

b. This paragraph 10 will not apply from and after the Closing to restrict the use or disclosure by Insurer of any Confidential Information related to [ * * * ] received from another disclosing party, provided that Insurer will use such Confidential Information only in compliance with all applicable laws relating to privacy of personally identifying information. For the avoidance of doubt, this paragraph 10.b does not apply to Confidential Information regarding Company or the Plan (other than to the extent required in connection with the Contract).

c. Except as otherwise provided in this Commitment Agreement, if any party, its representatives, its affiliates or its affiliates’ representatives receives a request, subpoena, demand or order for disclosure or becomes required by law or stock exchange rule or regulation to disclose any Confidential Information (a “Compelled Disclosing Party”), such Compelled Disclosing Party will, if legally permissible, promptly, and in no case more than five business days following receipt of such a request,

150

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

subpoena, demand or order (so long as it is (i) permitted by law or by such request, subpoena, demand or order of a governmental authority to provide such notification and (ii) not contrary to any applicable request, demand or order of, or agreement with, a governmental authority), notify the other parties to afford them the opportunity to object or seek a protective order or other remedy, including a protective order requiring Confidential Information to be submitted under seal and for the return and destruction of Confidential Information or copies thereof following the conclusion of any action, prior to the disclosure of any such Confidential Information. The Compelled Disclosing Party will, to the extent (i) permitted by law or by the request, subpoena, demand or order of a governmental authority requiring the disclosure of Confidential Information and (ii) not contrary to any applicable request, demand or order of, or agreement with, a governmental authority, cooperate with the other party’s efforts to obtain such protective order at such other party’s cost and expense. If such protective order or other remedy is not sought or obtained, only that portion of Confidential Information that the Compelled Disclosing Party in good faith believes is legally required to be provided may be disclosed and such Compelled Disclosing Party will request that appropriate confidential treatment will be accorded to such Confidential Information.

d. Any engagement letter between any of the parties, on the one hand, and each professional engaged in connection with this Commitment Agreement, on the other hand, will include undertakings by such professional to maintain the confidentiality of Confidential Information in accordance with this paragraph 10 and to clearly mark any reports or other work product prepared in connection with such engagement as confidential and not subject to disclosure except as permitted by this paragraph 10.

e. Insurer will comply with all applicable laws and regulations, including those laws relating to privacy, data protection and the safeguarding of such information, governing the confidential information of any Annuitized Life. Insurer will comply in all material respects with any internal written policies relating to the confidential information of any Annuitized Life as in effect from time to time.

f. The parties acknowledge and agree that this paragraph 10 will supersede the Company NDA or the IFID NDA. Notwithstanding the foregoing, this paragraph 10.f will not relieve any party from liability for breaches of the Company NDA or the IFID NDA that have occurred prior to the date of this Commitment Agreement.

11. Termination.

a. Termination. This Commitment Agreement may be terminated at any time before the Closing Date by Company or Insurer:

i. If the Closing has not occurred by or on [ * * * ] (the “Outside Date”), provided that such right to terminate this Commitment Agreement will not be available to a party to this Commitment Agreement if any of its actions or failures to perform any of its obligations under this Commitment Agreement resulted in the failure of the Closing to occur on or before the Outside Date, and provided, further that in the event the Closing does not occur on or prior to [ * * * ], Company may deliver a request to Insurer on or prior to [ * * * ] that the Closing Date be extended and, if Company timely delivers such a notice to Insurer, (I) Insurer will use commercially reasonable efforts to deliver to Company and Independent Fiduciary a written, good-faith revision of the Closing Premium Amount by no later than [ * * * ] (a “Re-Pricing Offer”), [ * * * ], (II) Company will deliver

151

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

a written response to Insurer either accepting or rejecting the Re-Pricing Offer within one business day following Insurer’s delivery of the Re-Pricing Offer to Company, and (III) (x) if Company accepts the Re-Pricing Offer, the Closing will occur on [ * * * ] or such earlier date as agreed by the parties, and (y) if Company rejects the Re-Pricing Offer, this Commitment Agreement will immediately terminate;

ii. If the other party has materially breached its obligations with respect to this Commitment Agreement and not cured the breach within 30 days after written notice by the non-breaching party (without limiting any other rights of the non-breaching party); or

iii. By mutual agreement between Company and Insurer.

b. Effect of Termination and Survival. If this Commitment Agreement is terminated pursuant to this paragraph 11, all rights and obligations of the parties under this Commitment Agreement will terminate upon such termination and will become null and void, except that paragraphs 10 (Confidentiality), 12 (Definitions), 13 (Miscellaneous) and this paragraph 11.b (Effect of Termination and Survival) will survive any such termination and no party will otherwise have any liability to any other party under this Commitment Agreement. However, nothing in this paragraph 11.b will relieve any party from liability for any fraud or willful and material breach of this Commitment Agreement.

12. Definitions. For purposes of this Commitment Agreement, the following defined terms will have the following meanings:

a. [ * * * ]

b. “Annuitized Life” means each annuitant, contingent annuitant, deferred annuitant, dependent spouse, alternate payee, beneficiary or any other payee, in each case, as set forth on the annuity exhibit to the Contract.

c. “Annuity Commencement Date” means [ * * * ].

d. “Annuity Exhibit File” is defined in paragraph 2.b.

e. “Annuity Payment” has the meaning provided in the Contract.

f. “Asset Eligibility Criteria” is defined in Schedule 11.

g. “Base File” means the tabs [ * * * ] in the data file titled [ * * * ] provided by Company (via Mercer (US) Inc.) to Insurer via the Mercer Pension Risk Exchange at 7:03 p.m. eastern daylight time on [ * * * ].

h. “Call Center” is defined in paragraph 6.b.

i. “Check Register” is defined in Schedule 8.

j. “Closing” is defined in paragraph 1.

k. “Closing Date” is defined in paragraph 1.

152

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

l. “Closing Date Transfers” is defined in paragraph 3.a.

m. “Closing Premium Amount” is defined in paragraph 3.a.

n. “Code” means the Internal Revenue Code of 1986, as amended, and the applicable Treasury Regulations issued thereunder.

o. “Commitment Agreement” is defined in the preamble.

p. “Commitment Agreement Date” is defined in the title of this Commitment Agreement.

q. “Company” is defined in the preamble.

r. “Company Contact” is defined in paragraph 6.b.

s. “Company NDA” means the Non-Disclosure Agreement, dated February 15, 2017, between Company and Insurer.

t. “Compelled Disclosing Party” is defined in paragraph 10.c.

u. “Confidential Information” is defined in paragraph 10.

v. “Contract” is defined in the preamble.

w. “Contract Issuance” is defined in paragraph 2.

x. [ * * * ]

y. [ * * * ]

z. [ * * * ]

aa. “Data Changes” is [ * * * ].

bb. “Data Corrections” is [ * * * ].

cc. “Data Exception Payee” means [ * * * ].

dd. “Data Finalization Date” means 20 business days before the Final True-Up Date.

ee. “Data Load File” is defined in Schedule 8.

ff. “Data Load File Sign-Off” is defined in Schedule 8.

gg. [ * * * ]

hh. “Eligible Asset” means each asset listed on Schedule 2 that [ * * * ].

ii. “Enforceability Exceptions” is defined in paragraph 4.a.viii.

153

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

jj. “ERISA” means Employee Retirement Income Security Act of 1974, as amended, and any federal agency regulations promulgated thereunder that are currently in effect and applicable.

kk. “ERISA Requirements” means all of the applicable requirements of ERISA and applicable guidance promulgated thereunder, including Interpretive Bulletin 95-1.

ll. “Fair Market Value” means the fair market value for [ * * * ] as of the close of business on the [ * * * ] including, without duplication [ * * * ] as indicated by the [ * * * ].  If the [ * * * ] is not available or no fair market values are indicated for [ * * * ] by [ * * * ] the fair market value for such [ * * * ] will be determined by [ * * * ].  If the [ * * * ] is not available or no fair market values are indicated for [ * * * ] the fair market value for such [ * * * ] will be determined by [ * * * ].  The [ * * * ] as of the close of business [ * * * ] will be used in determining fair market value.  For certain [ * * * ], fair market value will be determined by [ * * * ]. In any case, the market value of [ * * * ] will be determined by the [ * * * ] effective for the [ * * * ].  For purposes of paragraph [ * * * ], which relates to [ * * * ] the reference in this definition to [ * * * ] will instead refer to [ * * * ]. Any such updated [ * * * ] shall only be based on [ * * * ] and shall not take into account any [ * * * ] made on or after [ * * * ].

mm. “Final [ * * * ]” is [ * * * ].

nn. “Final Production Data File” is defined in Schedule 8.

oo. “Final True-Up Date” means the date that is 78 days after the date on which the mailing of annuity certificates pursuant to paragraph 9.c is completed.

pp. “Final True-Up File” is defined in paragraph 3.f.i.

qq. [ * * * ]

rr. “IF Engagement Letter” is defined in paragraph 4.a.v.

ss. “IFID NDA” means the Non-Disclosure Agreement, dated March 23, 2017, between Independent Fiduciary and Insurer.

tt. “Independent Fiduciary” is defined in the preamble.

uu. “Indemnified Claims” is defined in paragraph 9.

vv. “Indemnified Party” is defined in paragraph 9.

ww. [ * * * ]

xx. “Insurer” is defined in the preamble.

yy. [ * * * ]

zz. “Interim Data Finalization Date” means [ * * * ].

aaa. “Interim Post-Closing [ * * * ]” is [ * * * ].

154

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

bbb. “Interim True-Up Date” means [ * * * ].

ccc. "Interim True-Up File” is defined in paragraph 3.e.i.

ddd. “Lien” means any lien, mortgage, security interest, pledge, deposit, encumbrance, restrictive covenant or other similar restriction.

eee. [ * * * ]

fff.[ * * * ]

ggg.“NAIC” is defined in Schedule 12.

hhh.[ * * * ]

iii.[ * * * ]

jjj. “Outside Date” is defined in paragraph 11.a.i.

kkk. “Permitted Liens” means (i) any Liens created by operation of law in respect of restrictions on transfer of securities (other than restrictions relating to the transfer of a Transferred Asset on the Closing Date in violation of applicable law) or (ii) with respect to any Transferred Asset, any transfer restrictions or other limitations on assignment, transfer or the alienability of rights under any indenture, debenture or other similar governing agreement to which such assets are subject (other than restrictions relating to the transfer of such an asset on the Closing Date in violation of any such restriction).

lll.“Plan” is defined in the preamble.

mmm.“Plan Asset” means an asset of the Plan within the meaning of ERISA.

nnn. “Plan Custodian” means Hartford Life Insurance Company.

ooo. “Plan Governing Documents” is defined in paragraph 4.a.viii.

ppp.“Projected RBC Ratio” means, as of the day of determination, the projection of the RBC Ratio as of [ * * * ], as calculated under the method set forth on Schedule 12.

qqq.“RBC Ratio” means the company action level risk-based capital ratio of Insurer [ * * * ].

rrr.“Re-Pricing Offer” is defined in paragraph 11.a.i.

sss.“Required Data” is defined in paragraph 2.b.ii.

ttt.“Schedule 2 Asset” means each asset listed from time to time on Schedule 2, including any updated Schedule 2 pursuant to paragraph 3.b, that is not [ * * * ].

uuu.“SEC” is defined in paragraph 7.d.

155

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

vvv.“Transferred Asset” means each Eligible Asset transferred pursuant to paragraph 3 and received by Insurer. [ * * * ]

www. “Uncovered Claim” is defined in paragraph 9.a.iii.

xxx.“Update File” is defined in Schedule 8.

yyy.“Welcome Kit” is defined in paragraph 8.b.

13. Miscellaneous. The parties each hereby acknowledge that they jointly and equally participated in the drafting of this Commitment Agreement and all other agreements it contemplates, and no presumption will be made that any provision of this Commitment Agreement will be construed against any party by reason of such role in the drafting of this Commitment Agreement or any other agreement contemplated hereby. The Schedules to this Commitment Agreement are incorporated by reference and made a part of this Commitment Agreement as if set forth fully in this Commitment Agreement. No amendment of any of the provisions of this Commitment Agreement will be effective unless set forth in writing and signed by each party. No waiver by any party of any of the provisions of this Commitment Agreement will be effective unless explicitly set forth in writing and signed by the party so waiving. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Commitment Agreement will operate or be construed as a waiver thereof; nor will any single or partial exercise of any right, remedy, power or privilege under this Commitment Agreement preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

This Commitment Agreement will be governed by, construed and interpreted in accordance with the laws of the State of New York, excluding those provisions relating to conflicts of laws. Each party hereby irrevocably submits to the non-exclusive jurisdiction of the Courts of the State of New York in respect of all matters arising out of or in connection with this Commitment Agreement. The parties agree that irreparable damage would occur if any of the provisions of this Commitment Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, each party will be entitled to an injunction or injunctions to prevent breaches of this Commitment Agreement by the breaching party and to enforce specifically the terms and provisions of this Commitment Agreement, in addition to any other remedy to which such party is entitled at law or in equity. To the fullest extent permitted by law, none of the parties will be liable to any other party for any punitive or exemplary damages of any nature in respect of matters arising out of this Commitment Agreement.

Company acknowledges and agrees that (a) Insurer’s [ * * * ] constitute confidential trade secrets of Insurer and (b) Insurer will not be required to provide [ * * * ] to Company or, except for a disclosure to an independent third-party pursuant to the following sentence, any other person or entity under any circumstances. In the event of any dispute in respect of [ * * * ], the sole resource of Company will be to retain, at its sole cost and expense, an independent third-party to calculate [ * * * ] by [ * * * ]. Such independent third-party must (1) be reasonably acceptable to Insurer and (2) execute a non-disclosure agreement with Insurer in form and substance reasonably acceptable to Insurer. Subject to satisfaction of clauses (1) and (2) in the preceding sentence, the independent third-party may obtain [ * * * ] from Insurer to perform the calculation described in this paragraph. The determination of such independent third-party will be final, binding and conclusive on the parties. Company acknowledges and agrees that the agreements contained in this

156

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

paragraph are an integral part of the transactions contemplated by this Commitment Agreement and that, without these agreements, Insurer would not enter into this Commitment Agreement.

[Remainder of Page Intentionally Left Blank]

157

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

IN WITNESS WHEREOF, Company, Insurer and Independent Fiduciary have executed this Commitment Agreement as of the date first written above.

THE HARTFORD FINANCIAL SERVICES GROUP, INC., acting solely in its capacity as Plan Sponsor and Settlor of the Plan	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By: ____________________________________	By: ____________________________________
Print Name: _____________________________	Print Name: _____________________________
Title: ___________________________________	Title: ___________________________________

STATE STREET GLOBAL ADVISORS TRUST COMPANY, acting solely in its capacity as Independent Fiduciary of the Plan

By: ____________________________________

Print Name: _____________________________

Title: ___________________________________

Commitment Agreement Signature Page

***CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION***

EX-15.01

Exhibit 15.01

July 27, 2017

The Hartford Financial Services Group, Inc.

One Hartford Plaza

Hartford, Connecticut

We have reviewed, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the unaudited interim financial information of The Hartford Financial Services Group, Inc. and subsidiaries (the “Company”) for the periods ended June 30, 2017, and 2016, as indicated in our report dated July 27, 2017; because we did not perform an audit, we expressed no opinion on that information.

We are aware that our report referred to above, which is included in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, is incorporated by reference in the following registration statements:

Form S-3 Registration No.	Form S-8 Registration Nos.
333-212778	333-105707
	333-49170
	333-105706
	333-34092
	033-80665
	333-12563
	333-125489
	333-157372
	333-160173
	333-168537
	333-197671

We also are aware that the aforementioned report, pursuant to Rule 436(c) under the Securities Act of 1933, is not considered a part of the Registration Statement prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of that Act.

/s/ DELOITTE & TOUCHE LLP

Hartford, Connecticut

159

EX-31.01

Exhibit 31.01

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ENACTED BY SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Christopher J. Swift, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of The Hartford Financial Services Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	July 27, 2017	/s/ Christopher J. Swift
		Christopher J. Swift
		Chief Executive Officer

160

EX-31.02

Exhibit 31.02

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ENACTED BY SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Beth A Bombara, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of The Hartford Financial Services Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	July 27, 2017	/s/ Beth A Bombara
		Beth A Bombara
		Executive Vice President and Chief Financial Officer

161

EX-32.01

Exhibit 32.01

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ENACTED BY SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the period ended June 30, 2017 of The Hartford Financial Services Group, Inc. (the “Company”), filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies, pursuant to 18 U.S.C. section 1350 as enacted by section 906 of the Sarbanes-Oxley Act of 2002, that:

1) The Report fully complies with the requirements of section 13(a) or section 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	July 27, 2017	/s/ Christopher J. Swift
		Christopher J. Swift
		Chief Executive Officer

162

EX-32.02

Exhibit 32.02

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ENACTED BY SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the period ended June 30, 2017 of The Hartford Financial Services Group, Inc. (the “Company”), filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies, pursuant to 18 U.S.C. section 1350 as enacted by section 906 of the Sarbanes-Oxley Act of 2002, that:

1) The Report fully complies with the requirements of section 13(a) or section 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	July 27, 2017	/s/ Beth A Bombara
		Beth A Bombara
		Executive Vice President and Chief Financial Officer

163

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 25, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	HARTFORD FINANCIAL SERVICES GROUP INC/DE
Entity Central Index Key	0000874766
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		364,300,109

XML

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues
Premiums Earned, Net	$ 3,490	$ 3,444	$ 6,963	$ 6,848
Fee income	466	441	921	886
Net investment income (loss):
Net Investment Income (Loss)	715	735	1,443	1,431
Net realized capital gains (losses):
Total other-than-temporary impairment (OTTI) losses	(16)	(8)	(19)	(35)
Other than Temporary Impairment Losses, Investments, Reclassification Adjustment of Noncredit Portion Included in Net Income, Availabe-for-sale Securities, before Tax	2	1	4	5
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	(14)	(7)	(15)	(30)
Gain (Loss) on Investments, Excluding Other than Temporary Impairments	89	60	70	(72)
Total Realized Investment Gains (Losses)	75	53	55	(102)
Other revenues	23	23	42	43
Total revenues	4,769	4,696	9,424	9,106
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	2,767	3,142	5,524	5,783
Amortization of deferred policy acquisition costs and present value of future profits	368	368	731	742
Insurance operating costs and other expenses	1,692	931	2,657	1,859
Interest expense	81	85	164	171
Benefits, Losses and Expenses	4,908	4,526	9,076	8,555
Income from continuing operations before income taxes	(139)	170	348	551
Income Tax Expense (Benefit)	(99)	(46)	10	12
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (40)	$ 216	$ 338	$ 539
Net income available to common shareholders per common share
Basic	$ (0.11)	$ 0.55	$ 0.92	$ 1.36
Diluted	(0.11)	0.54	0.90	1.34
Cash dividends declared per common share	$ 0.23	$ 0.21	$ 0.46	$ 0.42

XML

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Comprehensive Income
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (40)	$ 216	$ 338	$ 539
Other Comprehensive Income (Loss), Net of Tax	701	646	831	1,229
Total comprehensive income	661	862	1,169	1,768
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Comprehensive Income
Other Comprehensive Income (Loss), Net of Tax	342	636	479	1,158
Accumulated Other-than-Temporary Impairment [Member]
Comprehensive Income
Other Comprehensive Income (Loss), Net of Tax	1	5	0	(3)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Comprehensive Income
Other Comprehensive Income (Loss), Net of Tax	(1)	16	(19)	70
Accumulated Translation Adjustment [Member]
Comprehensive Income
Other Comprehensive Income (Loss), Net of Tax	5	(19)	7	(13)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Comprehensive Income
Other Comprehensive Income (Loss), Net of Tax	$ 354	$ 8	$ 364	$ 17

XML

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Investments:
Available-for-sale Securities, Debt Securities	$ 57,834	$ 56,003
Fixed Maturities at Fair Value Using Fair Value Option Variable Interest Entity Assets	146	293
Equity securities, trading, at fair value (cost of $30,454 and $32,928)	11	11
Available-for-sale Securities, Equity Securities	1,055	1,097
Mortgage loans (net of allowances for loan losses of $83 and $102)	5,796	5,697
Policy loans, at outstanding balance	1,433	1,444
Alternative Investments, Fair Value Disclosure	2,445	2,456
Other investments	355	403
Short-term investments (includes variable interest entity assets, at fair value, of $1 as of September 30, 2012)	4,716	3,244
Cash	362	882
Total investments	73,780	70,637
Premiums receivable and agents' balances, net	3,846	3,731
Reinsurance recoverables, net	23,265	23,311
Deferred policy acquisition costs and present value of future profits	1,648	1,711
Deferred Tax Assets, Net	2,868	3,281
Goodwill	567	567
Disposal Group, Including Discontinued Operation, Assets, Current	0	870
Property and equipment, net	974	991
Other assets	1,807	1,786
Separate account assets	116,746	115,665
Total assets	225,863	223,432
Liabilities
Liability for Claims and Claims Adjustment Expense	27,839	27,605
Liability for Future Policy Benefits	14,156	13,929
Other Policyholder Funds	30,466	31,176
Unearned premiums	5,573	5,499
Short-term Debt	320	416
Long-term Debt, Excluding Current Maturities	4,817	4,636
Other liabilities (includes variable interest entity liabilities)	8,658	6,992
Disposal Group, Including Discontinued Operation, Liabilities, Current	0	611
Separate Accounts, Liability	116,746	115,665
Total liabilities	208,575	206,529
Stockholders' Equity
Common stock, $0.01 par value - 1,500,000,000 shares authorized	4	4
Additional paid-in capital	5,195	5,247
Retained earnings	13,282	13,114
Treasury stock, at cost	(1,687)	(1,125)
Accumulated other comprehensive income, net of tax	494	(337)
Total stockholders' equity	17,288	16,903
Total liabilities and stockholders' equity	225,863	223,432
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders' Equity
Accumulated other comprehensive income, net of tax	$ 494	$ (337)

XML

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Available-for-sale Debt Securities, Amortized Cost Basis	$ 54,800	$ 53,805
Available-for-sale Equity Securities, Amortized Cost Basis	964	1,020
Available-for-sale Securities, Equity Securities	$ 1,055	$ 1,097
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	402,923,222	402,923,222
Treasury stock, shares	40,103,642	28,974,069
Commercial Loan [Member]
Allowance for Loan and Lease Losses, Real Estate	$ 1	$ 19
Fixed Maturities [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	0	0
Equity Securities [Member]
Available-for-sale Securities, Equity Securities	0	0
Other Assets [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	0	0
Short-term Investments [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	0	0
Cash [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	0	5
Equity Securities [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	0	0
Debt Securities [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	40,807	39,911
Partnership Interest [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	$ 0	$ 0

XML

Condensed Consolidated Statements of Changes in Stockholders' Equity Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stocks	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Adjustments to Additional Paid in Capital [Abstract]
Additional Paid in Capital			$ 8,973
Retained Earnings (Accumulated Deficit) [Abstract]
Retained Earnings (Accumulated Deficit)				$ 12,550
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (329)					$ (329)
Adjustments to Additional Paid in Capital, Share-based Compensation, Employee Stock Purchase Program, Requisite Service Period Recognition			(129)
Allocated Share-based Compensation Expense			39
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			22
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs			8
Net Income (Loss) Attributable to Parent	539			539
Dividends, Common Stock, Cash				166
Treasury Stock, Value at Dec. 31, 2015					$ (3,557)
Treasury Stock Transactions, Excluding Value of Shares Reissued [Abstract]
Treasury stock acquired					(700)
Issuance of shares under incentive and stock compensation plans from treasury stock					(130)
Return of shares under incentive and stock compensation plans and other to treasury stock					(47)
Adjustments to Additional Paid in Capital, Stock Issued, Own-share Lending Arrangement, Issuance Costs					8
Treasury Stock, Value at Jun. 30, 2016					(4,166)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Net of Tax	1,229					1,229
Common Shares Outstanding, at beginning of period (in thousands) at Dec. 31, 2015		401,821.0
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Treasury stock acquired		(16,222.0)
Issuance of shares under incentive and stock compensation plans		3,203.0
Return of shares under incentive and stock compensation plans and other to treasury stock		(1,078.0)
Issuance of Shares for Warrant Exercise		192.0
Common Shares Outstanding, at end of period (in thousands) at Jun. 30, 2016		387,916.0
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	254
Net Income (Loss) Attributable to Parent	216
Treasury Stock, Value at Jun. 30, 2016					(4,166)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Net of Tax	646
Common Shares Outstanding, at end of period (in thousands) at Jun. 30, 2016		387,916.0
Preferred Stock, Including Additional Paid in Capital [Abstract]
Common Stock, Value, Issued		$ 5
Adjustments to Additional Paid in Capital [Abstract]
Additional Paid in Capital			8,897
Retained Earnings (Accumulated Deficit) [Abstract]
Retained Earnings (Accumulated Deficit)				12,923
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax						900
Stockholders' Equity Attributable to Parent	18,559
Common Stock, Value, Issued	4
Additional Paid in Capital	5,247		5,247
Retained Earnings (Accumulated Deficit)	13,114			13,114
Accumulated Other Comprehensive Income (Loss), Net of Tax	(337)					(337)
Stockholders' Equity Attributable to Parent	16,903
Treasury Stock, Value at Dec. 31, 2016	$ (1,125)				(1,125)
Common Shares Outstanding, at beginning of period (in thousands) at Dec. 31, 2016		373,949.0
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Treasury stock acquired	(6.7)
Adjustments to Additional Paid in Capital, Share-based Compensation, Employee Stock Purchase Program, Requisite Service Period Recognition			(65)
Allocated Share-based Compensation Expense			56
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			0
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs			43
Net Income (Loss) Attributable to Parent	$ 338			338
Dividends, Common Stock, Cash				170
Treasury Stock, Value at Dec. 31, 2016	(1,125)				(1,125)
Treasury Stock Transactions, Excluding Value of Shares Reissued [Abstract]
Treasury stock acquired					(650)
Issuance of shares under incentive and stock compensation plans from treasury stock					(79)
Return of shares under incentive and stock compensation plans and other to treasury stock					(34)
Adjustments to Additional Paid in Capital, Stock Issued, Own-share Lending Arrangement, Issuance Costs					43
Treasury Stock, Value at Jun. 30, 2017	(1,687)				(1,687)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Net of Tax	$ 831					831
Common Shares Outstanding, at beginning of period (in thousands) at Dec. 31, 2016		373,949.0
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Treasury stock acquired	(13.3)	(13,299.0)
Issuance of shares under incentive and stock compensation plans		1,850.0
Return of shares under incentive and stock compensation plans and other to treasury stock		(686.0)
Issuance of Shares for Warrant Exercise		1,006.0
Common Shares Outstanding, at end of period (in thousands) at Jun. 30, 2017		362,820.0
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (207)
Net Income (Loss) Attributable to Parent	(40)
Treasury Stock, Value at Jun. 30, 2017	(1,687)				$ (1,687)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Net of Tax	$ 701
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Treasury stock acquired	(6.6)
Common Shares Outstanding, at end of period (in thousands) at Jun. 30, 2017		362,820.0
Preferred Stock, Including Additional Paid in Capital [Abstract]
Common Stock, Value, Issued	$ 4	$ 4
Adjustments to Additional Paid in Capital [Abstract]
Additional Paid in Capital	5,195		$ 5,195
Retained Earnings (Accumulated Deficit) [Abstract]
Retained Earnings (Accumulated Deficit)	13,282			$ 13,282
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	494					$ 494
Stockholders' Equity Attributable to Parent	$ 17,288

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 338	$ 539
Adjustments to reconcile net income to net cash provided by operating activities
Realized Investment Gains (Losses)	55	(102)
Amortization of deferred policy acquisition costs and present value of future profits	(731)	(742)
Increase (Decrease) in Deferred Policy Acquisition Costs	(695)	(708)
Depreciation and amortization	191	184
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	747	0
Other operating activities, net	291	114
Change in reinsurance recoverables	25	62
Increase (Decrease) in Deferred Income Taxes	40	(150)
Change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums	443	301
Increase (Decrease) in Other Operating Assets and Liabilities, Net	(1,162)	(370)
Net cash provided by operating activities	894	816
Proceeds from Sale, Maturity and Collection of Investments [Abstract]
Proceeds from Sale of Available-for-sale Securities, Debt	15,847	11,023
Proceeds from Sale and Maturity of Securities, Fair Value Option	76	85
Proceeds from Sale of Available-for-sale Securities, Equity	512	469
Proceeds from Sale and Collection of Mortgage Notes Receivable	351	201
Proceeds from Limited Partnership Investments	138	460
Payments for the purchase of investments [Abstract]
Fixed maturities, available-for-sale	(15,954)	(10,691)
Payments to Acquire Available-for-sale Securities, Fair Value Option		76
Equity securities, available-for-sale	(397)	(223)
Mortgage loans	(458)	(234)
Payments to Acquire Limited Partnership Interests	222	202
Derivatives, net	(40)	295
Payments for (Proceeds from) Policy Loans	(11)	(10)
Payments to Acquire Property, Plant, and Equipment	(92)	(137)
Proceeds from Sale of Short-term Investments	(1,453)	(666)
Other investing activities, net	(17)	27
Proceeds from Divestiture of Businesses	222	0
Net cash used for investing activities	(1,476)	341
Financing Activities
Additions to Contract Holders Funds	2,526	2,182
Withdrawals and other deductions from investment and universal life-type contracts	(7,076)	(8,070)
Net Change Contract Holders Funds	3,976	5,486
Repayments at maturity or settlement of consumer notes	(11)	(6)
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase	1,346	136
Repayments of Short-term Debt	416
Proceeds from (Repayments of) Debt	500	0
Proceeds from (Repurchase of) Equity	(22)	10
Payments for Repurchase of Common Stock	(650)	(700)
Dividends paid on common stock	(173)	(170)
Net cash provided by (used for) financing activities	0	(1,132)
Foreign exchange rate effect on cash	62	(12)
Cash, Period Increase (Decrease)	(520)	13
Cash - beginning of period	882	448
Cash - end of period	362	461
Supplemental Disclosure of Cash Flow Information
Income taxes paid (received)	2	(130)
Interest paid	$ (164)	$ (168)

XML

Basis of Presentation and Accounting Policies Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Basis of Presentation and Accounting Policies

The Hartford Financial Services Group, Inc. is a holding company for insurance and financial services subsidiaries that provide property and casualty insurance, group life and disability products and mutual funds and exchange-traded products to individual and business customers in the United States (collectively, “The Hartford”, the “Company”, “we” or “our”). Also, the Company continues to run off life and annuity products previously sold.

On May 10, 2017, the Company completed the sale of its United Kingdom ("U.K.") property and casualty run-off subsidiaries. For discussion of this transaction, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements.

The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, which differ materially from the accounting practices prescribed by various insurance regulatory authorities. These Condensed Consolidated Financial Statements and Notes should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company's 2016 Form 10-K Annual Report. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year.

The accompanying Condensed Consolidated Financial Statements and Notes are unaudited. These financial statements reflect all adjustments (generally consisting only of normal accruals) which are, in the opinion of management, necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods. The Company's significant accounting policies are summarized in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements included in the Company's 2016 Form 10-K Annual Report.

Consolidation

The Condensed Consolidated Financial Statements include the accounts of The Hartford Financial Services Group, Inc., and entities in which the Company directly or indirectly has a controlling financial interest. Entities in which the Company has significant influence over the operating and financing decisions but does not control are reported using the equity method. All intercompany transactions and balances between The Hartford and its subsidiaries and affiliates have been eliminated.

Use of Estimates

The preparation of financial statements, in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The most significant estimates include those used in determining property and casualty and group long-term disability (LTD) insurance product reserves, net of reinsurance; estimated gross profits used in the valuation and amortization of assets and liabilities associated with variable annuity and other universal life-type contracts; living benefits required to be fair valued; evaluation of goodwill for impairment; valuation of investments and derivative instruments, including evaluation of other-than-temporary impairments on available-for-sale securities; valuation allowance on deferred tax assets; and contingencies relating to corporate litigation and regulatory matters. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets could have a material impact on the Condensed Consolidated Financial Statements.

Reclassifications

Certain reclassifications have been made to prior year financial information to conform to the current year presentation. In particular, billing installment fees that were previously reflected as an offset to insurance operating costs and other expenses are now classified as revenues.

Adoption of New Accounting Standards

Stock Compensation

On January 1, 2017 the Company adopted new stock compensation guidance issued by the Financial Accounting Standards Board ("FASB") on a prospective basis. The updated guidance requires the excess tax benefit or tax deficiency on vesting or settlement of stock-based awards to be recognized in earnings as an income tax benefit or expense, respectively, instead of as an adjustment to additional paid-in capital. The new guidance also requires the related cash flows to be presented in operating activities instead of in financing activities. The amount of excess tax benefit or tax deficiency realized on vesting or settlement of awards depends upon the difference between the market value of awards at vesting or settlement and the grant date fair value recognized through compensation expense. The excess tax benefit or tax deficiency is a discrete item in the reporting period in which it occurs and is not considered in determining the annual estimated effective tax rate for interim reporting. The excess tax benefit recognized in earnings for the three and six months ended June 30, 2017 was $1 and $8, respectively, and the excess tax benefit recognized in additional paid-in capital for the six months ended June 30, 2016 was $22.

XML

Business Dispositions Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

Sale of U.K. business

On May 10, 2017, the Company completed the sale of its U.K. property and casualty run-off subsidiaries, Hartford Financial Products International Limited and Downlands Liability Management Limited, in a cash transaction to Catalina Holdings U.K. Limited ("buyer"), for approximately $272, net of transaction costs. The Company's U.K. property and casualty run-off subsidiaries are included in the P&C Other Operations reporting segment. Revenues and earnings are not material to the Company's consolidated results of operations for the three and six months endedJune 30, 2017 and 2016.

The sale resulted in an after-tax capital loss from the transaction of $5 in 2016.

Major Classes of Assets and Liabilities Transferred by the Company to the Buyer in Connection with the Sale

	Carrying Value as of
	Closing	December 31, 2016 [2]
Assets
Cash and investments	$669	$657
Reinsurance recoverables and other [1]	268	213
	$937	$870
Liabilities
Reserve for future policy benefits and unpaid losses and loss adjustment expenses	$653	$600
Other liabilities	12	11
	$665	$611

[1] Includes intercompany reinsurance recoverables of $71 settled in cash at closing.

[2] Classified as assets and liabilities held for sale.

XML

Earnings (Loss) Per Common Share Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Computation of Basic and Diluted Earnings (Loss) per Common Share
	Three Months Ended June 30,					Six Months Ended June 30,
(In millions, except for per share data)	2017			2016		2017		2016
Earnings
Net income (loss)	$	(40	)	$	216	$	338	$	539
Shares
Weighted average common shares outstanding, basic	366.0			391.8		368.7		395.2
Dilutive effect of stock compensation plans	—			3.2		4.0		3.6
Dilutive effect of warrants	—			3.6		2.8		3.6
Weighted average common shares outstanding and dilutive potential common shares	366.0			398.6		375.5		402.4
Net income (loss) per common share
Basic	$	(0.11	)	$	0.55	$	0.92	$	1.36
Diluted	$	(0.11	)	$	0.54	$	0.90	$	1.34

As a result of the net loss for three months ended June 30, 2017, the Company was required to use basic weighted average common shares outstanding in the calculation of diluted loss per share, since the inclusion of 3.8 million shares for stock compensation plans and 2.5 million shares for warrants would have been antidilutive to the earnings (loss) per share calculation. In the absence of the net loss, weighted average common shares outstanding and dilutive potential common shares would have totaled 372.3 million.

XML

Segment Information Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Segment Information

The Company currently conducts business principally in six reporting segments including Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution, as well as a Corporate category. The Company's revenues are generated primarily in the United States ("U.S."). Any foreign sourced revenue is immaterial.

Net Income (Loss)

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Commercial Lines [1]	$	258		$	237		$	489		$	462
Personal Lines [1]	24			(50		)	57			(27		)
Property & Casualty Other Operations	20			(154		)	44			(137		)
Group Benefits	69			55			114			105
Mutual Funds	24			20			47			40
Talcott Resolution	105			104			173			121
Corporate	(540		)	4			(586		)	(25		)
Net income	$	(40	)	$	216		$	338		$	539

[1] For the three and six months ended June 30, 2016 there was a segment change which resulted in a movement from Commercial Lines to Personal Lines of $3 and $6, respectively, of net servicing income associated with our participation in the National Flood Insurance Program.

Revenues

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Earned premiums and fee income
Commercial Lines
Workers’ compensation	$	820	$	775	$	1,633	$	1,534
Liability	152		148		300		291
Package business	326		314		640		622
Automobile	161		154		322		312
Professional liability	60		55		120		108
Bond	58		54		113		107
Property	152		159		299		318
Total Commercial Lines [1]	1,729		1,659		3,427		3,292
Personal Lines
Automobile	660		687		1,322		1,372
Homeowners	281		299		564		598
Total Personal Lines [1] [2]	941		986		1,886		1,970
Group Benefits
Group disability	379		381		760		750
Group life	394		376		793		751
Other	51		51		106		102
Total Group Benefits	824		808		1,659		1,603
Mutual Funds
Mutual Fund	176		147		343		289
Talcott	25		25		49		50
Total Mutual Funds	201		172		392		339
Talcott Resolution	260		259		518		528
Corporate	1		1		2		2
Total earned premiums and fee income	3,956		3,885		7,884		7,734
Net investment income	715		735		1,443		1,431
Net realized capital gains (losses)	75		53		55		(102		)
Other revenues	23		23		42		43
Total revenues	$	4,769	$	4,696	$	9,424	$	9,106

[1] Commercial Lines includes installment fees of $9 and $19, respectively, for the three and six months ended June 30, 2017 and $9 and $19, respectively, for the three and six months ended June 30, 2016. Personal Lines includes installment fees of $11 and $22, respectively, for the three and six months ended June 30, 2017 and $10 and $19, respectively, for the three and six months ended June 30, 2016.

[2] For the three months endedJune 30, 2017 and 2016, AARP members accounted for earned premiums of $800 and $817, respectively. For the six months ended June 30, 2017 and 2016, AARP members accounted for earned premiums of $1.6 billion and $1.6 billion, respectively.

XML

Fair Value Measurements Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

The Company carries certain financial assets and liabilities at estimated fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants. Our fair value framework includes a hierarchy that gives the highest priority to the use of quoted prices in active markets, followed by the use of market observable inputs, followed by the use of unobservable inputs. The fair value hierarchy levels are as follows:

Level 1 Fair values based primarily on unadjusted quoted prices for identical assets or liabilities, in active markets that the Company has the ability to access at the measurement date.

Level 2 Fair values primarily based on observable inputs, other than quoted prices included in Level 1, or based on prices for similar assets and liabilities.

Level 3 Fair values derived when one or more of the significant inputs are unobservable (including assumptions about risk). With little or no observable market, the determination of fair values uses considerable judgment and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. Also included are securities that are traded within illiquid markets and/or priced by independent brokers.

The Company will classify the financial asset or liability by level based upon the lowest level input that is significant to the determination of the fair value. In most cases, both observable inputs (e.g., changes in interest rates) and unobservable inputs (e.g., changes in risk assumptions) are used to determine fair values that the Company has classified within Level 3.

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of June 30, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
Asset-backed-securities ("ABS")	$	2,354		$	—	$	2,258		$	96
Collateralized debt obligations ("CDOs")	2,457			—		2,118			339
Commercial mortgage-backed securities ("CMBS")	5,173			—		5,075			98
Corporate	26,044			—		24,908			1,136
Foreign government/government agencies	1,297			—		1,268			29
Bonds of municipalities and political subdivisions ("municipal bonds")	12,284			—		12,198			86
Residential mortgage-backed securities ("RMBS")	4,219			—		2,208			2,011
U.S. Treasuries	4,006			463		3,543			—
Total fixed maturities	57,834			463		53,576			3,795
Fixed maturities, FVO	146			—		146			—
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,055			789		168			98
Derivative assets
Credit derivatives	8			—		8			—
Equity derivatives	2			—		1			1
Interest rate derivatives	2			—		2			—
GMWB hedging instruments	45			—		—			45
Macro hedge program	94			—		8			86
Total derivative assets [2]	151			—		19			132
Short-term investments	4,716			1,916		2,800			—
Reinsurance recoverable for GMWB	57			—		—			57
Modified coinsurance reinsurance contracts	58			—		58			—
Separate account assets [3]	112,559			73,019		38,466			192
Total assets accounted for at fair value on a recurring basis	$	176,587		$	76,198	$	95,233		$	4,274
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(134	)	$	—	$	—		$	(134	)
Equity linked notes	(37		)	—		—			(37		)
Total other policyholder funds and benefits payable	(171		)	—		—			(171		)
Derivative liabilities
Credit derivatives	(6		)	—		(6		)	—
Equity derivatives	38			—		37			1
Foreign exchange derivatives	(267		)	—		(267		)	—
Interest rate derivatives	(488		)	—		(462		)	(26		)
GMWB hedging instruments	40			—		45			(5		)
Macro hedge program	74			—		—			74
Total derivative liabilities [4]	(609		)	—		(653		)	44
Contingent consideration [5]	(27		)	—		—			(27		)
Total liabilities accounted for at fair value on a recurring basis	$	(807	)	$	—	$	(653	)	$	(154	)

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2016
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS	$	2,382		$	—	$	2,300		$	82
CDOs	1,916			—		1,502			414
CMBS	4,936			—		4,856			80
Corporate	25,666			—		24,586			1,080
Foreign government/government agencies	1,171			—		1,107			64
Municipal bonds	11,486			—		11,368			118
RMBS	4,767			—		2,795			1,972
U.S. Treasuries	3,679			620		3,059			—
Total fixed maturities	56,003			620		51,573			3,810
Fixed maturities, FVO	293			1		281			11
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,097			821		177			99
Derivative assets
Credit derivatives	17			—		17			—
Foreign exchange derivatives	27			—		27			—
Interest rate derivatives	(427		)	—		(427		)	—
GMWB hedging instruments	74			—		14			60
Macro hedge program	128			—		8			120
Other derivative contracts	1			—		—			1
Total derivative assets [2]	(180		)	—		(361		)	181
Short-term investments	3,244			878		2,366			—
Reinsurance recoverable for GMWB	73			—		—			73
Modified coinsurance reinsurance contracts	68			—		68			—
Separate account assets [3]	111,634			71,606		38,856			201
Total assets accounted for at fair value on a recurring basis	$	172,243		$	73,937	$	92,960		$	4,375
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(241	)	$	—	$	—		$	(241	)
Equity linked notes	(33		)	—		—			(33		)
Total other policyholder funds and benefits payable	(274		)	—		—			(274		)
Derivative liabilities
Credit derivatives	(13		)	—		(13		)	—
Equity derivatives	33			—		33			—
Foreign exchange derivatives	(237		)	—		(237		)	—
Interest rate derivatives	(542		)	—		(521		)	(21		)
GMWB hedging instruments	20			—		(1		)	21
Macro hedge program	50			—		3			47
Total derivative liabilities [4]	(689		)	—		(736		)	47
Contingent consideration [5]	(25		)	—		—			(25		)
Total liabilities accounted for at fair value on a recurring basis	$	(988	)	$	—	$	(736	)	$	(252	)

[1] Included in other investments on the Condensed Consolidated Balance Sheets.

[2] Includes OTC and OTC-cleared derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. See footnote 4 to this table for derivative liabilities.

[3] Approximately $4.2 billion and $4.0 billion of investment sales receivable, as of June 30, 2017, and December 31, 2016, respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Included in the total fair value amount are $882 and $1.0 billion of investments, as of June 30, 2017 and December 31, 2016, for which the fair value is estimated using the net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy.

[4] Includes OTC and OTC-cleared derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements, which may be imposed by agreements, clearing house rules and applicable law.

[5] For additional information see the Contingent Consideration section below.

Fixed Maturities, Equity Securities, Short-term Investments, and Free-standing Derivatives

Valuation Techniques

The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments. Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations. The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order:

• Quoted prices, unadjusted, for identical assets or liabilities in active markets, which are classified as Level 1.

• Prices from third-party pricing services, which primarily utilize a combination of techniques. These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date. If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate. Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk. Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable. However, some securities that are less liquid or trade less actively are classified as Level 3. Additionally, certain long-dated securities, including certain municipal securities, foreign government/government agency securities, and bank loans, include benchmark interest rate or credit spread assumptions that are not observable in the marketplace and are thus classified as Level 3.

• Internal matrix pricing, which is a valuation process internally developed for private placement securities for which the Company is unable to obtain a price from a third-party pricing service. Internal pricing matrices determine credit spreads that, when combined with risk-free rates, are applied to contractual cash flows to develop a price. The Company develops credit spreads using market based data for public securities adjusted for credit spread differentials between public and private securities, which are obtained from a survey of multiple private placement brokers. The market-based reference credit spread considers the issuer’s financial strength and term to maturity, using an independent public security index and trade information, while the credit spread differential considers the non-public nature of the security. Securities priced using internal matrix pricing are classified as Level 2 because the inputs are observable or can be corroborated with observable data.

• Independent broker quotes, which are typically non-binding and use inputs that can be difficult to corroborate with observable market based data. Brokers may use present value techniques using assumptions specific to the security types, or they may use recent transactions of similar securities. Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3.

The fair value of free-standing derivative instruments are determined primarily using a discounted cash flow model or option model technique and incorporate counterparty credit risk. In some cases, quoted market prices for exchange-traded and OTC-cleared derivatives may be used and in other cases independent broker quotes may be used. The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data. The valuation of certain derivatives may include significant inputs that are unobservable, such as volatility levels, and reflect the Company’s view of what other market participants would use when pricing such instruments. Unobservable market data is used in the valuation of customized derivatives that are used to hedge certain GMWB variable annuity riders. See the section “GMWB Embedded, Customized, and Reinsurance Derivatives” below for further discussion of the valuation model used to value these customized derivatives.

Valuation Controls

The fair value process for investments is monitored by the Valuation Committee, which is a cross-functional group of senior management within the Company that meets at least quarterly. The purpose of the committee is to oversee the pricing policy and procedures, as well as approving changes to valuation methodologies and pricing sources. Controls and procedures used to assess third-party pricing services are reviewed by the Valuation Committee, including the results of annual due-diligence reviews.

There are also two working groups under the Valuation Committee: a Securities Fair Value Working Group (“Securities Working Group”) and a Derivatives Fair Value Working Group ("Derivatives Working Group"). The working groups, which include various investment, operations, accounting and risk management professionals, meet monthly to review market data trends, pricing and trading statistics and results, and any proposed pricing methodology changes.

The Securities Working Group reviews prices received from third parties to ensure that the prices represent a reasonable estimate of the fair value. The group considers trading volume, new issuance activity, market trends, new regulatory rulings and other factors to determine whether the market activity is significantly different than normal activity in an active market. A dedicated pricing unit follows up with trading and investment sector professionals and challenges prices of third-party pricing services when the estimated assumptions used differ from what the unit believes a market participant would use. If the available evidence indicates that pricing from third-party pricing services or broker quotes is based upon transactions that are stale or not from trades made in an orderly market, the Company places little, if any, weight on the third party service’s transaction price and will estimate fair value using an internal process, such as a pricing matrix.

The Derivatives Working Group reviews the inputs, assumptions and methodologies used to ensure that the prices represent a reasonable estimate of the fair value. A dedicated pricing team works directly with investment sector professionals to investigate the impacts of changes in the market environment on prices or valuations of derivatives. New models and any changes to current models are required to have detailed documentation and are validated to a second source. The model validation documentation and results of validation are presented to the Valuation Committee for approval.

The Company conducts other monitoring controls around securities and derivatives pricing including, but not limited to, the following:

• Review of daily price changes over specific thresholds and new trade comparison to third-party pricing services.

• Daily comparison of OTC derivative market valuations to counterparty valuations.

• Review of weekly price changes compared to published bond prices of a corporate bond index.

• Monthly reviews of price changes over thresholds, stale prices, missing prices, and zero prices.

• Monthly validation of prices to a second source for securities in most sectors and for certain derivatives.

In addition, the Company’s enterprise-wide Operational Risk Management function, led by the Chief Risk Officer, is responsible for model risk management and provides an independent review of the suitability and reliability of model inputs, as well as an analysis of significant changes to current models.

Valuation Inputs

Quoted prices for identical assets in active markets are considered Level 1 and consist of on-the-run U.S. Treasuries, money market funds, exchange-traded equity securities, open-ended mutual funds, short-term investments, and exchange traded futures and option contracts.

Valuation Inputs Used in Levels 2 and 3 Measurements for Securities and Freestanding Derivatives
Level 2 Primary Observable Inputs		Level 3 Primary Unobservable Inputs
Fixed Maturity Investments
Structured securities (includes ABS, CDOs CMBS and RMBS)
	• Benchmark yields and spreads • Monthly payment information • Collateral performance, which varies by vintage year and includes delinquency rates, loss severity rates and refinancing assumptions • Credit default swap indices Other inputs for ABS and RMBS: • Estimate of future principal prepayments, derived based on the characteristics of the underlying structure • Prepayment speeds previously experienced at the interest rate levels projected for the collateral		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for less liquid securities or those that trade less actively, including subprime RMBS: • Estimated cash flows • Credit spreads, which include illiquidity premium • Constant prepayment rates • Constant default rates • Loss severity
Corporates
	• Benchmark yields and spreads • Reported trades, bids, offers of the same or similar securities • Issuer spreads and credit default swap curves Other inputs for investment grade privately placed securities that utilize internal matrix pricing: • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for below investment grade privately placed securities: • Independent broker quotes • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature
U.S Treasuries, Municipals, and Foreign government/government agencies
	• Benchmark yields and spreads • Issuer credit default swap curves • Political events in emerging market economies • Municipal Securities Rulemaking Board reported trades and material event notices • Issuer financial statements		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve
Equity Securities
	• Quoted prices in markets that are not active		• For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable; or they may be held at cost
Short Term Investments
	• Benchmark yields and spreads • Reported trades, bids, offers • Issuer spreads and credit default swap curves • Material event notices and new issue money market rates		Not applicable
Derivatives
Credit derivatives
	• Swap yield curve • Credit default swap curves		• Independent broker quotes • Yield curves beyond observable limits
Equity derivatives
	• Equity index levels • Swap yield curve		• Independent broker quotes • Equity volatility
Foreign exchange derivatives
	• Swap yield curve • Currency spot and forward rates • Cross currency basis curves		• Independent broker quotes
Interest rate derivatives
	• Swap yield curve		• Independent broker quotes • Interest rate volatility

Significant Unobservable Inputs for Level 3 - Securities
Assets accounted for at fair value on a recurring basis	Fair Value		Predominant Valuation Technique	Significant Unobservable Input	Minimum	Maximum	Weighted Average [1]	Impact of Increase in Input on Fair Value [2]
As of June 30, 2017
CMBS [3]	$	51	Discounted cash flows	Spread (encompasses prepayment, default risk and loss severity)	9 bps	1,816 bps	466 bps	Decrease
Corporate [4]	489		Discounted cash flows	Spread	108 bps	944 bps	303 bps	Decrease
Municipal [3]	70		Discounted cash flows	Spread	166 bps	222 bps	183 bps	Decrease
RMBS [3]	2,002		Discounted cash flows	Spread	40 bps	624 bps	126 bps	Decrease
				Constant prepayment rate	—%	14%	5%	Decrease [5]
				Constant default rate	2%	10%	5%	Decrease
				Loss severity	—%	100%	71%	Decrease
As of December 31, 2016
CMBS [3]	$	52	Discounted cash flows	Spread (encompasses prepayment, default risk and loss severity)	10 bps	1,273 bps	366 bps	Decrease
Corporate [4]	510		Discounted cash flows	Spread	122 bps	1,302 bps	359 bps	Decrease
Municipal [3]	101		Discounted cash flows	Spread	135 bps	286 bps	221 bps	Decrease
RMBS [3]	1,963		Discounted cash flows	Spread	16 bps	1,830 bps	192 bps	Decrease
				Constant prepayment rate	—%	20%	4%	Decrease [5]
				Constant default rate	—%	11%	5%	Decrease
				Loss severity	—%	100%	75%	Decrease

[1] The weighted average is determined based on the fair value of the securities.

[2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.

[3] Excludes securities for which the Company based fair value on broker quotations.

[4] Excludes securities for which the Company bases fair value on broker quotations; however, included are broker priced lower-rated private placement securities for which the Company receives spread and yield information to corroborate the fair value.

[5] Decrease for above market rate coupons and increase for below market rate coupons.

Significant Unobservable Inputs for Level 3 - Freestanding Derivatives
	Fair Value			Predominant Valuation  Technique	Significant Unobservable Input	Minimum		Maximum		Impact of  Increase in Input on  Fair Value [1]
As of June 30, 2017
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3	%	3	%	Decrease
Interest rate swaptions [2]	3			Option model	Interest rate volatility	2	%	2	%	Increase
GMWB hedging instruments
Equity variance swaps	(39		)	Option model	Equity volatility	16	%	20	%	Increase
Equity options	6			Option model	Equity volatility	26	%	28	%	Increase
Customized swaps	73			Discounted cash flows	Equity volatility	9	%	30	%	Increase
Macro hedge program [3]
Equity options	171			Option model	Equity volatility	15	%	26	%	Increase
As of December 31, 2016
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3	%	3	%	Decrease
Interest rate swaptions [2]	8			Option model	Interest rate volatility	2	%	2	%	Increase
GMWB hedging instruments
Equity variance swaps	(36		)	Option model	Equity volatility	20	%	23	%	Increase
Equity options	17			Option model	Equity volatility	27	%	30	%	Increase
Customized swaps	100			Discounted cash flows	Equity volatility	12	%	30	%	Increase
Macro hedge program [3]
Equity options	188			Option model	Equity volatility	17	%	28	%	Increase

[1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. Changes are based on long positions, unless otherwise noted. Changes in fair value will be inversely impacted for short positions.

[2] The swaptions presented are purchased options that have the right to enter into a pay-fixed swap.

[3] Excludes derivatives for which the Company bases fair value on broker quotations.

The tables above exclude the portion of ABS, index options and certain corporate securities for which fair values are predominately based on independent broker quotes. While the Company does not have access to the significant unobservable inputs that independent brokers may use in their pricing process, the Company believes brokers likely use inputs similar to those used by the Company and third-party pricing services to price similar instruments. As such, in their pricing models, brokers likely use estimated loss severity rates, prepayment rates, constant default rates and credit spreads. Therefore, similar to non-broker priced securities, increases in these inputs would generally cause fair values to decrease. For the three and six months endedJune 30, 2017, no significant adjustments were made by the Company to broker prices received.

Transfers between Levels

Transfers of securities among the levels occur at the beginning of the reporting period. The amount of transfers from Level 1 to Level 2 was $692 and $1.3 billion for the three and six months endedJune 30, 2017 and $67 and $808 for three and six months endedJune 30, 2016, respectively, which represented previously on-the-run U.S. Treasury securities that are now off-the-run. For the three and six months endedJune 30, 2017 and 2016, there were no transfers from Level 2 to Level 1. See the fair value roll-forward tables for the three and six months endedJune 30, 2017 and 2016, for the transfers into and out of Level 3.

GMWB Embedded, Customized and Reinsurance Derivatives

GMWB Embedded Derivatives	The Company formerly offered certain variable annuity products with GMWB riders that provide the policyholder with a guaranteed remaining balance ("GRB") which is generally equal to premiums less withdrawals. If the policyholder’s account value is reduced to a specified level through a combination of market declines and withdrawals but the GRB still has value, the Company is obligated to continue to make annuity payments to the policyholder until the GRB is exhausted. When payments of the GRB are not life-contingent, the GMWB represents an embedded derivative carried at fair value reported in other policyholder funds and benefits payable in the Condensed Consolidated Balance Sheets with changes in fair value reported in net realized capital gains and losses.
Free-standing Customized Derivatives	The Company holds free-standing customized derivative contracts to provide protection from certain capital markets risks for the remaining term of specified blocks of non-reinsured GMWB riders. These customized derivatives are based on policyholder behavior assumptions specified at the inception of the derivative contracts. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices. These derivatives are reported in the Condensed Consolidated Balance Sheets within other investments or other liabilities, as appropriate, after considering the impact of master netting agreements.
GMWB Reinsurance Derivative	The Company has reinsurance arrangements in place to transfer a portion of its risk of loss due to GMWB. These arrangements are recognized as derivatives carried at fair value and reported in reinsurance recoverables in the Condensed Consolidated Balance Sheets. Changes in the fair value of the reinsurance agreements are reported in net realized capital gains and losses.

Valuation Techniques

Fair values for GMWB embedded derivatives, free-standing customized derivatives and reinsurance derivatives are classified as Level 3 in the fair value hierarchy and are calculated using internally developed models that utilize significant unobservable inputs because active, observable markets do not exist for these items. In valuing the GMWB embedded derivative, the Company attributes to the derivative a portion of the expected fees to be collected over the expected life of the contract from the contract holder equal to the present value of future GMWB claims. The excess of fees collected from the contract holder in the current period over the portion of fees attributed to the embedded derivative in the current period are associated with the host variable annuity contract and reported in fee income.

Valuation Controls

Oversight of the Company's valuation policies and processes for GMWB embedded, reinsurance, and customized derivatives is performed by a multidisciplinary group comprised of finance, actuarial and risk management professionals. This multidisciplinary group reviews and approves changes and enhancements to the Company's valuation model as well as associated controls.

Valuation Inputs

The fair value for each of the non-life contingent GMWBs, the free-standing customized derivatives and the GMWB reinsurance derivative is calculated as an aggregation of the following components: Best Estimate Claim Payments; Credit Standing Adjustment; and Margins. The Company believes the aggregation of these components results in an amount that a market participant in an active liquid market would require, if such a market existed, to assume the risks associated with the guaranteed minimum benefits and the related reinsurance and customized derivatives. Each component described in the following discussion is unobservable in the marketplace and requires subjectivity by the Company in determining its value.

Best Estimate Claim Payments

The Best Estimate Claim Payments are calculated based on actuarial and capital market assumptions related to projected cash flows, including the present value of benefits and related contract charges, over the lives of the contracts, incorporating unobservable inputs including expectations concerning policyholder behavior. These assumptions are input into a stochastic risk neutral scenario process that is used to determine the valuation and involves numerous estimates and subjective judgments regarding a number of variables.

The Company monitors various aspects of policyholder behavior and may modify certain of its assumptions, including living benefit lapses and withdrawal rates, if credible emerging data indicates that changes are warranted. In addition, the Company will continue to evaluate policyholder behavior assumptions should we implement initiatives to reduce the size of the variable annuity business. At a minimum, all policyholder behavior assumptions are reviewed and updated at least annually as part of the Company’s annual fourth-quarter comprehensive study to refine its estimate of future gross profits. In addition, the Company recognizes non-market-based updates driven by the relative outperformance (underperformance) of the underlying actively managed funds as compared to their respective indices.

Credit Standing Adjustment

The credit standing adjustment is an estimate of the additional amount that market participants would require in determining fair value to reflect the risk that GMWB benefit obligations or the GMWB reinsurance recoverables will not be fulfilled. The Company incorporates a blend of observable Company and reinsurer credit default spreads from capital markets, adjusted for market recoverability.

Margins

The behavior risk margin adds a margin that market participants would require, in determining fair value, for the risk that the Company’s assumptions about policyholder behavior could differ from actual experience. The behavior risk margin is calculated by taking the difference between adverse policyholder behavior assumptions and best estimate assumptions.

Valuation Inputs Used in Levels 2 and 3 Measurements for GMWB Embedded, Customized and Reinsurance Derivatives
Level 2 Primary Observable Inputs		Level 3 Primary Unobservable Inputs
	• Risk-free rates as represented by the Eurodollar futures, LIBOR deposits and swap rates to derive forward curve rates • Correlations of 10 years of observed historical returns across underlying well-known market indices • Correlations of historical index returns compared to separate account fund returns • Equity index levels		• Market implied equity volatility assumptions Assumptions about policyholder behavior, including: • Withdrawal utilization • Withdrawal rates • Lapse rates • Reset elections

Significant Unobservable Inputs for Level 3 GMWB Embedded Customized and Reinsurance Derivatives
As of June 30, 2017
Significant Unobservable Input	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	9%	30%	Increase
As of December 31, 2016
Significant Unobservable Input	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	12%	30%	Increase

[1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.

[2] Range represents assumed cumulative percentages of policyholders taking withdrawals.

[3] Range represents assumed cumulative annual amount withdrawn by policyholders.

[4] Range represents assumed annual percentages of full surrender of the underlying variable annuity contracts across all policy durations for in force business.

[5] Range represents assumed cumulative percentages of policyholders that would elect to reset their guaranteed benefit base.

[6] Range represents implied market volatilities for equity indices based on multiple pricing sources.

Separate Account Assets

Separate account assets are primarily invested in mutual funds. Other separate account assets include fixed maturities, limited partnerships, equity securities, short-term investments and derivatives that are valued in the same manner, and using the same pricing sources and inputs, as those investments held by the Company. For limited partnerships in which fair value represents the separate account's share of the NAV, 43% and 39% were subject to significant liquidation restrictions as of June 30, 2017 and December 31, 2016, respectively. Total limited partnerships that do not allow any form of redemption were 13% and 11% as of June 30, 2017 and December 31, 2016, respectively. Separate account assets classified as Level 3 primarily include subprime RMBS and commercial mortgage loans.

Contingent Consideration

The acquisition of Lattice Strategies LLC ("Lattice") in 2016 requires the Company to make payments to former owners of Lattice of up to $60 contingent upon growth in exchange-traded products ("ETP") AUM over a four-year period beginning on the date of acquisition. The contingent consideration is measured at fair value on a quarterly basis by projecting future eligible ETP AUM over the contingency period to estimate the amount of expected payout. The future expected payout is discounted back to the valuation date using a risk-adjusted discount rate of 18.8%. The risk-adjusted discount rate is an internally generated and significant unobservable input to fair value.

Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

The Company uses derivative instruments to manage the risk associated with certain assets and liabilities. However, the derivative instrument may not be classified with the same fair value hierarchy level as the associated asset or liability. Therefore, the realized and unrealized gains and losses on derivatives reported in the Level 3 roll-forward may be offset by realized and unrealized gains and losses of the associated assets and liabilities in other line items of the financial statements.

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Three Months Ended June 30, 2017
					Total realized/unrealized gains (losses)
		Fair value as of March 31, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2017
Assets
Fixed Maturities, AFS
	ABS	$	125		$	—		$	—		$	25	$	(1	)	$	—		$	—	$	(53	)	$	96
	CDOs	319			—			(5		)	300		(207		)	—			—		(68		)	339
	CMBS	117			—			1			19		(3		)	—			—		(36		)	98
	Corporate	1,078			(12		)	14			46		(4		)	(30		)	52		(8		)	1,136
	Foreign Govt./Govt. Agencies	66			—			—			6		(1		)	(2		)	—		(40		)	29
	Municipal	117			4			(1		)	—		—			(34		)	—		—			86
	RMBS	2,048			—			27			50		(114		)	—			—		—			2,011
Total Fixed Maturities, AFS		3,870			(8		)	36			446		(330		)	(66		)	52		(205		)	3,795
Equity Securities, AFS		99			—			(1		)	—		—			—			—		—			98
Freestanding Derivatives, net [5]
	Equity	4			(2		)	—			—		—			—			—		—			2
	Interest rate	(24		)	(2		)	—			—		—			—			—		—			(26		)
	GMWB hedging instruments	46			(6		)	—			—		—			—			—		—			40
	Macro hedge program	159			1			—			—		—			—			—		—			160
	Other contracts	—			—			—			—		—			—			—		—			—
Total Freestanding Derivatives, net [5]		185			(9		)	—			—		—			—			—		—			176
Reinsurance Recoverable for GMWB		60			(7		)	—			—		4			—			—		—			57
Separate Accounts		277			2			—			13		(2		)	(34		)	7		(71		)	192
Total Assets		$	4,491		$	(22	)	$	35		$	459	$	(328	)	$	(100	)	$	59	$	(276	)	$	4,318
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(157	)	$	40		$	—		$	—	$	(17	)	$	—		$	—	$	—		$	(134	)
	Equity Linked Notes	(36		)	(1		)	—			—		—			—			—		—			(37		)
Total Other Policyholder Funds and Benefits Payable		(193		)	39			—			—		(17		)	—			—		—			(171		)
Contingent Consideration [7]		(26		)	(1		)	—			—		—			—			—		—			(27		)
Total Liabilities		$	(219	)	$	38		$	—		$	—	$	(17	)	$	—		$	—	$	—		$	(198	)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Six Months Ended June 30, 2017
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2017
Assets
Fixed Maturities, AFS
	ABS	$	82		$	—		$	—		$	70	$	(6	)	$	—		$	26	$	(76	)	$	96
	CDOs	414			—			(1		)	300		(208		)	—			—		(166		)	339
	CMBS	80			(1		)	1			75		(6		)	—			—		(51		)	98
	Corporate	1,080			(6		)	30			215		(40		)	(190		)	92		(45		)	1,136
	Foreign Govt./Govt. Agencies	64			—			3			6		(2		)	(2		)	—		(40		)	29
	Municipal	118			4			4			—		—			(40		)	—		—			86
	RMBS	1,972			—			33			223		(210		)	(7		)	—		—			2,011
Total Fixed Maturities, AFS		3,810			(3		)	70			889		(472		)	(239		)	118		(378		)	3,795
Fixed Maturities, FVO		11			—			—			4		(2		)	(13		)	—		—			—
Equity Securities, AFS		99			—			(5		)	4		—			—			—		—			98
Freestanding Derivatives, net [5]
	Equity	—			(3		)	—			5		—			—			—		—			2
	Interest rate	(21		)	(5		)	—			—		—			—			—		—			(26		)
	GMWB hedging instruments	81			(41		)	—			—		—			—			—		—			40
	Macro hedge program	167			(7		)	—			—		—			—			—		—			160
	Other contracts	1			(1		)	—			—		—			—			—		—			—
Total Freestanding Derivatives, net [5]		228			(57		)	—			5		—			—			—		—			176
Reinsurance Recoverable for GMWB		73			(23		)	—			—		7			—			—		—			57
Separate Accounts		201			3			2			111		(7		)	(42		)	10		(86		)	192
Total Assets		$	4,422		$	(80	)	$	67		$	1,013	$	(474	)	$	(294	)	$	128	$	(464	)	$	4,318
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(241	)	$	140		$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(134	)
	Equity Linked Notes	(33		)	(4		)	—			—		—			—			—		—			(37		)
Total Other Policyholder Funds and Benefits Payable		(274		)	136			—			—		(33		)	—			—		—			(171		)
Contingent Consideration [7]		(25		)	(2		)	—			—		—			—			—		—			(27		)
Total Liabilities		$	(299	)	$	134		$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(198	)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Three Months Ended June 30, 2016
					Total realized/unrealized gains (losses)
		Fair value as of March 31, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2016
Assets
Fixed Maturities, AFS
	ABS	$	32		$	—		$	—		$	—	$	(4	)	$	—		$	13	$	—		$	41
	CDOs	542			(1		)	(2		)	—		(61		)	—			—		—			478
	CMBS	134			—			5			10		(9		)	(3		)	1		(59		)	79
	Corporate	834			(1		)	19			37		(50		)	(66		)	455		(92		)	1,136
	Foreign Govt./Govt. Agencies	76			1			4			1		(1		)	(9		)	—		—			72
	Municipal	50			—			4			20		—			—			16		—			90
	RMBS	1,886			—			10			97		(101		)	—			3		(22		)	1,873
Total Fixed Maturities, AFS		3,554			(1		)	40			165		(226		)	(78		)	488		(173		)	3,769
Fixed Maturities, FVO		14			1			—			1		(1		)	(3		)	—		(6		)	6
Equity Securities, AFS		92			1			5			2		—			(3		)	—		—			97
Freestanding Derivatives, net [5]
	Equity	5			(4		)	—			—		—			—			—		—			1
	Interest rate	(28		)	(4		)	—			—		—			—			—		—			(32		)
	GMWB hedging instruments	144			15			—			—		—			—			—		6			165
	Macro hedge program	145			(4		)	—			—		—			—			—		—			141
	Other contracts	5			(1		)	—			—		—			—			—		—			4
Total Freestanding Derivatives, net [5]		271			2			—			—		—			—			—		6			279
Reinsurance Recoverable for GMWB		99			3			—			—		4			—			—		—			106
Separate Accounts		154			—			3			22		(3		)	(6		)	3		(2		)	171
Total Assets		$	4,184		$	6		$	48		$	190	$	(226	)	$	(90	)	$	491	$	(175	)	$	4,428
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(361	)	$	(35	)	$	—		$	—	$	(16	)	$	—		$	—	$	—		$	(412	)
	Equity Linked Notes	(25		)	(3		)	—			—		—			—			—		—			(28		)
Total Other Policyholder Funds and Benefits Payable		(386		)	(38		)	—			—		(16		)	—			—		—			(440		)
Total Liabilities		$	(386	)	$	(38	)	$	—		$	—	$	(16	)	$	—		$	—	$	—		$	(440	)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Six Months Ended June 30, 2016
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2016
Assets
Fixed Maturities, AFS
	ABS	$	37		$	—		$	—		$	—	$	(7	)	$	—		$	18	$	(7	)	$	41
	CDOs	541			(1		)	(2		)	—		(60		)	—			—		—			478
	CMBS	150			(1		)	(3		)	50		(18		)	(3		)	1		(97		)	79
	Corporate	854			(14		)	12			67		(55		)	(91		)	513		(150		)	1,136
	Foreign Govt./Govt. Agencies	60			1			9			15		(2		)	(11		)	—		—			72
	Municipal	49			—			5			20		—			—			16		—			90
	RMBS	1,622			—			(4		)	430		(158		)	—			5		(22		)	1,873
Total Fixed Maturities, AFS		3,313			(15		)	17			582		(300		)	(105		)	553		(276		)	3,769
Fixed Maturities, FVO		16			(1		)	—			6		(2		)	(3		)	—		(10		)	6
Equity Securities, AFS		93			—			7			2		—			(5		)	—		—			97
Freestanding Derivatives, net [5]
	Equity	—			(15		)	—			16		—			—			—		—			1
	Interest rate	(22		)	(10		)	—			—		—			—			—		—			(32		)
	GMWB hedging instruments	135			24			—			—		—			—			—		6			165
	Macro hedge program	147			(4		)	—			—		(2		)	—			—		—			141
	Other contracts	7			(3		)	—			—		—			—			—		—			4
Total Freestanding Derivatives, net [5]		267			(8		)	—			16		(2		)	—			—		6			279
Reinsurance Recoverable for GMWB		83			16			—			—		7			—			—		—			106
Separate Accounts		139			—			7			61		(9		)	(16		)	6		(17		)	171
Total Assets		$	3,911		$	(8	)	$	31		$	667	$	(306	)	$	(129	)	$	559	$	(297	)	$	4,428
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(262	)	$	(117	)	$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(412	)
	Equity Linked Notes	(26		)	(2		)	—			—		—			—			—		—			(28		)
Total Other Policyholder Funds and Benefits Payable		(288		)	(119		)	—			—		(33		)	—			—		—			(440		)
Total Liabilities		$	(288	)	$	(119	)	$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(440	)

[1] The Company classifies realized and unrealized gains (losses) on GMWB reinsurance derivatives and GMWB embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives.

[2] Amounts in these rows are generally reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.

[3] All amounts are before income taxes and amortization of DAC.

[4] Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.

[5] Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Condensed Consolidated Balance Sheets in other investments and other liabilities.

[6] Includes both market and non-market impacts in deriving realized and unrealized gains (losses).

[7] For additional information, see the Contingent Consideration section of Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

[8] Includes issuance of contingent consideration associated with the Lattice acquisition, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements for additional discussion.

Changes in Unrealized Gains (Losses) Included in Net Income for Financial Instruments Classified as Level 3 Still Held at End of Period
		Three months ended June 30,						Six months ended June 30,
		2017 [1] [2]			2016 [1] [2]			2017 [1] [2]			2016 [1] [2]
Assets
Fixed Maturities, AFS
	CMBS	$	—		$	—		$	(1	)	$	(1	)
	Corporate	(12		)	(1		)	(12		)	(1		)
Total Fixed Maturities, AFS		(12		)	(1		)	(13		)	(2		)
Fixed Maturities, FVO		—			—			—			(1		)
Freestanding Derivatives, net
	Equity	(2		)	(4		)	(2		)	(15		)
	Interest rate	(2		)	(4		)	(2		)	(10		)
	GMWB hedging instruments	(6		)	15			(42		)	24
	Macro hedge program	2			(4		)	(6		)	(4		)
	Other Contracts	—			(1		)	—			(3		)
Total Freestanding Derivatives, net		(8		)	2			(52		)	(8		)
Reinsurance Recoverable for GMWB		(7		)	3			(23		)	16
Separate Accounts		—			—			1			—
Total Assets		$	(27	)	$	4		$	(87	)	$	5
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	40		$	(35	)	$	140		$	(117	)
	Equity Linked Notes	(1		)	(3		)	(4		)	(2		)
Total Other Policyholder Funds and Benefits Payable		39			(38		)	136			(119		)
Contingent Consideration [3]		(1		)	—			(2		)	—
Total Liabilities		$	38		$	(38	)	$	134		$	(119	)

[1] All amounts in these rows are reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.

[2] Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein.

[3] For additional information, see the Contingent Consideration section of Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

Fair Value Option

The Company has elected the fair value option for certain securities that contain embedded credit derivatives with underlying credit risk primarily related to residential real estate, and these securities are included within Fixed Maturities, FVO on the Condensed Consolidated Balance Sheets. The Company previously classified the underlying fixed maturities held in certain consolidated investment funds within Fixed Maturities, FVO. The Company reported the underlying fixed maturities of these consolidated investment companies at fair value with changes in the fair value of these securities recognized in net realized capital gains and losses, which is consistent with accounting requirements for investment companies.

The Company also previously elected the fair value option for certain equity securities in order to align the accounting with total return swap contracts that hedged the risk associated with the investments. The swaps did not qualify for hedge accounting and the change in value of both the equity securities and the total return swaps were recorded in net realized capital gains and losses. These equity securities were classified within equity securities, AFS on the Condensed Consolidated Balance Sheets. Income earned from FVO securities was recorded in net investment income and changes in fair value were recorded in net realized capital gains and losses. The Company did not hold any of these equity securities as of June 30, 2017 or December 31, 2016.

Changes in Fair Value of Assets using Fair Value Option
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017			2016
Assets
Fixed maturities, FVO
Corporate	$	—	$	—	$	(1	)	$	—
Foreign government	—		—		—			(1		)
RMBS	—		4		1			5
Total fixed maturities, FVO	$	—	$	4	$	—		$	4
Equity, FVO	3		—		2			(34		)
Total realized capital gains (losses)	$	3	$	4	$	2		$	(30	)

Fair Value of Assets and Liabilities using the Fair Value Option
	June 30, 2017		December 31, 2016
Assets
Fixed maturities, FVO
ABS	$	—	$	7
CDOs	—		3
CMBS	—		8
Corporate	—		40
U.S government	—		7
RMBS	146		228
Total fixed maturities, FVO	$	146	$	293

Financial Assets and Liabilities Not Carried at Fair Value
	Fair Value Hierarchy Level	Carrying Amount		Fair Value
June 30, 2017
Assets
Policy loans	Level 3	$	1,433	$	1,433
Mortgage loans	Level 3	5,796		5,871
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,403	$	6,603
Senior notes [2]	Level 2	3,555		4,200
Junior subordinated debentures [2]	Level 2	1,582		1,756
Consumer notes [3] [4]	Level 3	10		10
Assumed investment contracts [3]	Level 3	514		541
December 31, 2016
Assets
Policy loans	Level 3	$	1,444	$	1,444
Mortgage loans	Level 3	5,697		5,721
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,714	$	6,906
Senior notes [2]	Level 2	3,969		4,487
Junior subordinated debentures [2]	Level 2	1,083		1,246
Consumer notes [3] [4]	Level 3	20		20
Assumed investment contracts [3]	Level 3	487		526

[1] Excludes guarantees on variable annuities, group accident and health and universal life insurance contracts, including corporate owned life insurance.

[2] Included in long-term debt in the Condensed Consolidated Balance Sheets, except for current maturities, which are included in short-term debt.

[3] Excludes amounts carried at fair value and included in preceding disclosures.

[4] Included in other liabilities in the Condensed Consolidated Balance Sheets.

Fair values for policy loans were determined using current loan coupon rates, which reflect the current rates available under the contracts. As a result, the fair value approximates the carrying value of the policy loans.

Fair values for mortgage loans were estimated using discounted cash flow calculations based on current lending rates for similar type loans. Current lending rates reflect changes in credit spreads and the remaining terms of the loans.

Fair values for other policyholder funds and benefits payable and assumed investment contracts, not carried at fair value, are estimated based on the cash surrender values of the underlying policies or by estimating future cash flows discounted at current interest rates adjusted for credit risk.

Fair values for senior notes and junior subordinated debentures are determined using the market approach based on reported trades, benchmark interest rates and issuer spread for the Company which may consider credit default swaps.

Fair values for consumer notes were estimated using discounted cash flow calculations using current interest rates adjusted for estimated loan durations.

XML

Investment Holding Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Schedule of Investments [Abstract]

Investment Holdings [Text Block]

Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Gross gains on sales	$	140		$	124		$	252		$	214
Gross losses on sales	(31		)	(25		)	(106		)	(133		)
Net OTTI losses recognized in earnings	(14		)	(7		)	(15		)	(30		)
Valuation allowances on mortgage loans	2			—			2			—
Results of variable annuity hedge program
GMWB derivatives, net	20			3			38			(14		)
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total results of variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Transactional foreign currency revaluation	13			(87		)	—			(131		)
Non-qualifying foreign currency derivatives	(17		)	82			(6		)	121
Other, net [1]	—			(17		)	14			(95		)
Net realized capital gains (losses)	$	75		$	53		$	55		$	(102	)

[1] Includes non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives, of $(5) and $(23), respectively for the three months ended June 30, 2017 and 2016. For the six months ended June 30, 2017 and 2016, the non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives were $5 and $(60), respectively.

Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Before tax, net gains (and losses) on sales and impairments previously reported as unrealized gains (or losses) in AOCI were $95 and $131 for the three and six months endedJune 30, 2017, and $92 and $51 for the three and six months endedJune 30, 2016. Proceeds from sales of AFS securities totaled $6.3 billion and $13.0 billion for the three and six months endedJune 30, 2017, and $4.1 billion and $9.0 billion for the three and six months endedJune 30, 2016.

Recognition and Presentation of Other-Than-Temporary Impairments

The Company will record an other-than-temporary impairment (“OTTI”) for fixed maturities and certain equity securities with debt-like characteristics (collectively “debt securities”) if the Company intends to sell or it is more likely than not that the Company will be required to sell the security before a recovery in value. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and amortized cost basis of the security.

The Company will also record an OTTI for those debt securities for which the Company does not expect to recover the entire amortized cost basis. For these securities, the excess of the amortized cost basis over its fair value is separated into the portion representing a credit OTTI, which is recorded in net realized capital losses, and the remaining non-credit amount, which is recorded in OCI. The credit OTTI amount is the excess of its amortized cost basis over the Company’s best estimate of discounted expected future cash flows. The non-credit amount is the excess of the best estimate of the discounted expected future cash flows over the fair value. The Company’s best estimate of discounted expected future cash flows becomes the new cost basis and accretes prospectively into net investment income over the estimated remaining life of the security.

The Company’s best estimate of expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company's considerations include, but are not limited to, (a) changes in the financial condition of the issuer and the underlying collateral, (b) whether the issuer is current on contractually obligated interest and principal payments, (c) credit ratings, (d) payment structure of the security and (e) the extent to which the fair value has been less than the amortized cost of the security.

For non-structured securities, assumptions include, but are not limited to, economic and industry-specific trends and fundamentals, security-specific developments, industry earnings multiples and the issuer’s ability to restructure and execute asset sales.

For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value ("LTV") ratios, average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines. These assumptions require the use of significant management judgment and include the probability of issuer default and estimates regarding timing and amount of expected recoveries which may include estimating the underlying collateral value.

The Company will also record an OTTI for equity securities where the decline in the fair value is deemed to be other-than-temporary. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and cost basis of the security. The previous cost basis less the impairment becomes the new cost basis. The Company’s evaluation and assumptions used to determine an equity OTTI include, but are not limited to, (a) the length of time and extent to which the fair value has been less than the cost of the security, (b) changes in the financial condition, credit rating and near-term prospects of the issuer, (c) whether the issuer is current on preferred stock dividends and (d) the intent and ability of the Company to retain the investment for a period of time sufficient to allow for recovery. For the remaining equity securities which are determined to be temporarily impaired, the Company asserts its intent and ability to retain those equity securities until the price recovers.

Impairments in Earnings by Type
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Credit impairments	$	13	$	5	$	14	$	23
Intent-to-sell impairments	—		1		—		3
Impairments on equity securities	1		1		1		4
Total impairments	$	14	$	7	$	15	$	30

Cumulative Credit Impairments
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Balance as of beginning of period	$	(260	)	$	(336	)	$	(280	)	$	(324	)
Additions for credit impairments recognized on [1]:
Securities not previously impaired	—			(4		)	(1		)	(21		)
Securities previously impaired	(13		)	(1		)	(13		)	(2		)
Reductions for credit impairments previously recognized on:
Securities that matured or were sold during the period	29			35			41			36
Securities due to an increase in expected cash flows	8			13			17			18
Balance as of end of period	$	(236	)	$	(293	)	$	(236	)	$	(293	)

[1] These additions are included in the net OTTI losses recognized in earnings in the Condensed Consolidated Statements of Operations.

Available-for-Sale Securities

AFS Securities by Type
	June 30, 2017												December 31, 2016
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]			Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]
ABS	$	2,350	$	21	$	(17	)	$	2,354	$	—		$	2,396	$	17	$	(31	)	$	2,382	$	—
CDOs	2,427		33		(3		)	2,457		—			1,853		67		(4		)	1,916		—
CMBS	5,085		127		(39		)	5,173		(7		)	4,907		97		(68		)	4,936		(6		)
Corporate	24,307		1,842		(105		)	26,044		—			24,380		1,510		(224		)	25,666		—
Foreign govt./govt. agencies	1,249		56		(8		)	1,297		—			1,164		33		(26		)	1,171		—
Municipal	11,461		852		(29		)	12,284		—			10,825		732		(71		)	11,486		—
RMBS	4,131		95		(7		)	4,219		—			4,738		66		(37		)	4,767		—
U.S. Treasuries	3,790		235		(19		)	4,006		—			3,542		182		(45		)	3,679		—
Total fixed maturities, AFS	$	54,800	$	3,261	$	(227	)	$	57,834	$	(7	)	$	53,805	$	2,704	$	(506	)	$	56,003	$	(6	)
Equity securities, AFS	964		111		(20		)	1,055		—			1,020		96		(19		)	1,097		—
Total AFS securities	$	55,764	$	3,372	$	(247	)	$	58,889	$	(7	)	$	54,825	$	2,800	$	(525	)	$	57,100	$	(6	)

[1] Represents the amount of cumulative non-credit OTTI losses recognized in OCI on securities that also had credit impairments. These losses are included in gross unrealized losses as of June 30, 2017, and December 31, 2016.

Fixed maturities, AFS, by Contractual Maturity Year
	June 30, 2017				December 31, 2016
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	2,113	$	2,132	$	1,896	$	1,912
Over one year through five years	8,954		9,224		9,015		9,289
Over five years through ten years	9,282		9,627		9,038		9,245
Over ten years	20,458		22,648		19,962		21,556
Subtotal	40,807		43,631		39,911		42,002
Mortgage-backed and asset-backed securities	13,993		14,203		13,894		14,001
Total fixed maturities, AFS	$	54,800	$	57,834	$	53,805	$	56,003

Estimated maturities may differ from contractual maturities due to security call or prepayment provisions. Due to the potential for variability in payment speeds (i.e. prepayments or extensions), mortgage-backed and asset-backed securities are not categorized by contractual maturity.

Concentration of Credit Risk

The Company aims to maintain a diversified investment portfolio including issuer, sector and geographic stratification, where applicable, and has established certain exposure limits, diversification standards and review procedures to mitigate credit risk. The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholders' equity, other than the U.S. government and certain U.S. government agencies as of June 30, 2017 and December 31, 2016.

Unrealized Losses on AFS Securities

Unrealized Loss Aging for AFS Securities by Type and Length of Time as of June 30, 2017
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	637	$	636	$	(1	)	$	229	$	213	$	(16	)	$	866	$	849	$	(17	)
CDOs	1,432		1,430		(2		)	184		183		(1		)	1,616		1,613		(3		)
CMBS	1,438		1,412		(26		)	157		144		(13		)	1,595		1,556		(39		)
Corporate	3,442		3,381		(61		)	1,085		1,041		(44		)	4,527		4,422		(105		)
Foreign govt./govt. agencies	270		266		(4		)	53		49		(4		)	323		315		(8		)
Municipal	960		932		(28		)	8		7		(1		)	968		939		(29		)
RMBS	635		630		(5		)	156		154		(2		)	791		784		(7		)
U.S. Treasuries	1,744		1,725		(19		)	—		—		—			1,744		1,725		(19		)
Total fixed maturities, AFS	$	10,558	$	10,412	$	(146	)	$	1,872	$	1,791	$	(81	)	$	12,430	$	12,203	$	(227	)
Equity securities, AFS	190		173		(17		)	25		22		(3		)	215		195		(20		)
Total securities in an unrealized loss position	$	10,748	$	10,585	$	(163	)	$	1,897	$	1,813	$	(84	)	$	12,645	$	12,398	$	(247	)

Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2016
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	582	$	579	$	(3	)	$	368	$	340	$	(28	)	$	950	$	919	$	(31	)
CDOs	641		640		(1		)	370		367		(3		)	1,011		1,007		(4		)
CMBS	2,076		2,027		(49		)	293		274		(19		)	2,369		2,301		(68		)
Corporate	5,418		5,248		(170		)	835		781		(54		)	6,253		6,029		(224		)
Foreign govt./govt. agencies	573		550		(23		)	27		24		(3		)	600		574		(26		)
Municipal	1,567		1,498		(69		)	43		41		(2		)	1,610		1,539		(71		)
RMBS	1,655		1,624		(31		)	591		585		(6		)	2,246		2,209		(37		)
U.S. Treasuries	1,432		1,387		(45		)	—		—		—			1,432		1,387		(45		)
Total fixed maturities, AFS	$	13,944	$	13,553	$	(391	)	$	2,527	$	2,412	$	(115	)	$	16,471	$	15,965	$	(506	)
Equity securities, AFS	330		315		(15		)	38		34		(4		)	368		349		(19		)
Total securities in an unrealized loss position	$	14,274	$	13,868	$	(406	)	$	2,565	$	2,446	$	(119	)	$	16,839	$	16,314	$	(525	)

As of June 30, 2017, AFS securities in an unrealized loss position consisted of 2,788 securities, primarily in the corporate sector, which were depressed primarily due to an increase in interest rates and/or widening of credit spreads since the securities were purchased. As of June 30, 2017, 94% of these securities were depressed less than 20% of amortized cost. The decrease in unrealized losses during the first half of 2017 was primarily attributable to tighter credit spreads and a decrease in long-term interest rates.

Most of the securities depressed for twelve months or more relate to corporate securities primarily in the energy-related and financial services sectors, student loan ABS and structured securities with exposure to commercial real estate. Corporate financial services securities and student loan ABS were primarily depressed because the securities have floating-rate coupons and have long-dated maturities, and current credit spreads are wider than when these securities were purchased. Corporate securities within the energy sector are in an unrealized loss position primarily due to a lower level of oil prices. For certain commercial real estate securities, current spreads are wider than market spreads at the securities' respective purchase dates. The Company neither has an intention to sell nor does it expect to be required to sell the securities outlined in the preceding discussion.

Mortgage Loans

Mortgage Loan Valuation Allowances

Commercial mortgage loans are considered to be impaired when management estimates that, based upon current information and events, it is probable that the Company will be unable to collect amounts due according to the contractual terms of the loan agreement. The Company reviews mortgage loans on a quarterly basis to identify potential credit losses. Among other factors, management reviews current and projected macroeconomic trends, such as unemployment rates and property-specific factors such as rental rates, occupancy levels, LTV ratios and debt service coverage ratios (“DSCR”). In addition, the Company considers historical, current and projected delinquency rates and property values. Estimates of collectibility require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates. In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates.

For mortgage loans that are deemed impaired, a valuation allowance is established for the difference between the carrying amount and estimated fair value. The mortgage loan's estimated fair value is most frequently the Company's share of the fair value of the collateral but may also be the Company’s share of either (a) the present value of the expected future cash flows discounted at the loan’s effective interest rate or (b) the loan’s observable market price. A valuation allowance may be recorded for an individual loan or for a group of loans that have an LTV ratio of 90% or greater, a low DSCR or have other lower credit quality characteristics. Changes in valuation allowances are recorded in net realized capital gains and losses. Interest income on impaired loans is accrued to the extent it is deemed collectible and the borrowers continue to make payments under the original or restructured loan terms. The Company stops accruing interest income on loans when it is probable that the Company will not receive interest and principal payments according to the contractual terms of the loan agreement. The Company resumes accruing interest income when it determines that sufficient collateral exists to satisfy the full amount of the loan principal and interest payments and when it is probable cash will be received in the foreseeable future. Interest income on defaulted loans is recognized when received.

As of June 30, 2017, commercial mortgage loans had an amortized cost of $5.8 billion, with a valuation allowance of $1 and a carrying value of $5.8 billion. As of December 31, 2016, commercial mortgage loans had an amortized cost of $5.7 billion, with a valuation allowance of $19 and a carrying value of $5.7 billion.

As of June 30, 2017 and December 31, 2016, the carrying value of mortgage loans that had a valuation allowance was $29 and $31, respectively. There were no mortgage loans held-for-sale as of June 30, 2017 or December 31, 2016. As of June 30, 2017, the Company had an immaterial amount of mortgage loans that have had extensions or restructurings other than what is allowable under the original terms of the contract.

The following table presents the activity within the Company’s valuation allowance for mortgage loans. These loans have been evaluated both individually and collectively for impairment. Loans evaluated collectively for impairment are immaterial.

Valuation Allowance Activity
	2017			2016
Balance, as of January 1	$	(19	)	$	(23	)
(Additions)/Reversals	(1		)	—
Deductions	19			4
Balance, as of June 30	$	(1	)	$	(19	)

The weighted-average LTV ratio of the Company’s commercial mortgage loan portfolio was 50% as of June 30, 2017, while the weighted-average LTV ratio at origination of these loans was 62%. LTV ratios compare the loan amount to the value of the underlying property collateralizing the loan. The loan collateral values are updated no less than annually through reviews of the underlying properties. Factors considered in estimating property values include, among other things, actual and expected property cash flows, geographic market data and the ratio of the property's net operating income to its value. DSCR compares a property’s net operating income to the borrower’s principal and interest payments. As of June 30, 2017, the Company held zero delinquent commercial mortgage loans past due by 90 days or more. As of December 31, 2016, the Company held one delinquent commercial mortgage loan past due by 90 days or more. The loan had a total carrying value and valuation allowance of $15 and $16, respectively, and was not accruing income. Following the conclusion of the loan's foreclosure process, the property transferred at its carrying value, net of the valuation allowance, to a real-estate owned investment during 2017.

Commercial Mortgage Loans Credit Quality
	June 30, 2017			December 31, 2016
Loan-to-value	Carrying Value		Avg. Debt-Service Coverage Ratio	Carrying Value		Avg. Debt-Service Coverage Ratio
Greater than 80%	$	5	1.36x	$	20	0.59x
65% - 80%	416		2.23x	568		2.17x
Less than 65%	5,375		2.73x	5,109		2.78x
Total commercial mortgage loans	$	5,796	2.69x	$	5,697	2.70x

Mortgage Loans by Region
	June 30, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
East North Central	$	293	5.1	%	$	293	5.1	%
East South Central	14		0.2	%	14		0.2	%
Middle Atlantic	544		9.4	%	534		9.4	%
Mountain	76		1.3	%	61		1.1	%
New England	388		6.7	%	345		6.1	%
Pacific	1,671		28.8	%	1,609		28.3	%
South Atlantic	1,265		21.8	%	1,198		21.0	%
West North Central	40		0.7	%	40		0.7	%
West South Central	347		6.0	%	338		5.9	%
Other [1]	1,158		20.0	%	1,265		22.2	%
Total mortgage loans	$	5,796	100.0	%	$	5,697	100.0	%

[1] Primarily represents loans collateralized by multiple properties in various regions.

Mortgage Loans by Property Type
	June 30, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
Commercial
Agricultural	$	4	0.1	%	$	16	0.3	%
Industrial	1,439		24.8	%	1,468		25.7	%
Lodging	25		0.4	%	25		0.4	%
Multifamily	1,504		25.9	%	1,365		24.0	%
Office	1,389		24.0	%	1,361		23.9	%
Retail	1,000		17.3	%	1,036		18.2	%
Other	435		7.5	%	426		7.5	%
Total mortgage loans	$	5,796	100.0	%	$	5,697	100.0	%

Mortgage Servicing

The Company originates, sells and services commercial mortgage loans on behalf of third parties and recognizes servicing fee income over the period that services are performed. As of June 30, 2017, under this program, the Company serviced commercial mortgage loans with a total outstanding principal of $1.1 billion, of which $310 was serviced on behalf of third parties and $783 was retained and reported on the Company’s Condensed Consolidated Balance Sheets, including $141 in separate account assets. As of December 31, 2016, the Company serviced commercial mortgage loans with a total outstanding principal balance of $901, of which $251 was serviced on behalf of third parties and $650 was retained and reported as assets on the Company’s Condensed Consolidated Balance Sheets, including $124 in separate account assets. Servicing rights are carried at the lower of cost or fair value and were zero as of June 30, 2017 and December 31, 2016, because servicing fees were market-level fees at origination and remain adequate to compensate the Company for servicing the loans.

Variable Interest Entities

The Company is engaged with various special purpose entities and other entities that are deemed to be VIEs primarily as an investor through normal investment activities but also as an investment manager and previously as a means of accessing capital through a contingent capital facility ("facility").

A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of its VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in the Company’s Condensed Consolidated Financial Statements.

Consolidated VIEs

As of June 30, 2017, the Company did not hold any securities for which it is the primary beneficiary. As of December 31, 2016, the Company held one CDO for which it was the primary beneficiary. The CDO represented a structured investment vehicle for which the Company had a controlling financial interest. As of December 31, 2016 the Company held total CDO assets of $5 included in cash with an associated liability of $5 included in other liabilities on the Company's Condensed Consolidated Balance Sheets. The Company did not have any additional exposure to loss associated with this investment.

Non-Consolidated VIEs

The Company, through normal investment activities, makes passive investments in limited partnerships and other alternative investments. For these non-consolidated VIEs, the Company has determined it is not the primary beneficiary as it has no ability to direct activities that could significantly affect the economic performance of the investments. The Company’s maximum exposure to loss as of June 30, 2017 and December 31, 2016 was limited to the total carrying value of $1.7 billion which are included in limited partnerships and other alternative investments in the Company's Condensed Consolidated Balance Sheets. As of June 30, 2017 and December 31, 2016, the Company has outstanding commitments totaling $1.1 billion and $1.2 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses. These investments are generally of a passive nature in that the Company does not take an active role in management. For further discussion of these investments, see Equity Method Investments within Note 6 - Investments of Notes to Consolidated Financial Statements included in the Company’s 2016 Form 10-K Annual Report.

In addition, the Company also makes passive investments in structured securities issued by VIEs for which the Company is not the manager and, therefore, does not consolidate. These investments are included in ABS, CDOs, CMBS and RMBS in the Available-for-Sale Securities table and fixed maturities, FVO, in the Company’s Condensed Consolidated Balance Sheets. The Company has not provided financial or other support with respect to these investments other than its original investment. For these investments, the Company determined it is not the primary beneficiary due to the relative size of the Company’s investment in comparison to the principal amount of the structured securities issued by the VIEs, the level of credit subordination which reduces the Company’s obligation to absorb losses or right to receive benefits and the Company’s inability to direct the activities that most significantly impact the economic performance of the VIEs. The Company’s maximum exposure to loss on these investments is limited to the amount of the Company’s investment.

As of December 31, 2016, the Company held a significant variable interest in a VIE for which it is not the primary beneficiary. This VIE represented a facility that was held by the Company since February 2007. Assets and liabilities recorded for the contingent capital facility were $1 and $3, respectively, as of December 31, 2016, as well as a maximum exposure to loss of $3. The Company did not have a controlling financial interest and as such, did not consolidate its variable interest in the facility. In February, the Company exercised its put option under the facility to issue debt and the Company no longer holds an interest in the facility. For further information on the facility, see Note 10 - Debt of Notes to Condensed Consolidated Financial Statements.

Securities Lending, Repurchase Agreements and Other Collateral Transactions

The Company enters into securities financing transactions as a way to earn additional income or manage liquidity, primarily through securities lending and repurchase agreements.

Securities Lending

Under a securities lending program, the Company lends certain fixed maturities within the corporate, foreign government/government agencies, and municipal sectors as well as equity securities to qualifying third-party borrowers in return for collateral in the form of cash or securities. For domestic and non-domestic loaned securities, respectively, borrowers provide collateral of 102% and 105% of the fair value of the securities lent at the time of the loan. Borrowers will return the securities to the Company for cash or securities collateral at maturity dates generally of 90 days or less. Security collateral on deposit from counterparties in connection with securities lending transactions may not be sold or re-pledged, except in the event of default by the counterparty, and is not reflected on the Company’s Condensed Consolidated Balance Sheets. Additional collateral is obtained if the fair value of the collateral falls below 100% of the fair value of the loaned securities. The agreements provide the counterparty the right to sell or re-pledge the securities loaned. If cash, rather than securities, is received as collateral, the cash is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. Income associated with securities lending transactions is reported as a component of net investment income in the Company’s Condensed Consolidated Statements of Operations.

Repurchase Agreements

From time to time, the Company enters into repurchase agreements to manage liquidity or to earn incremental income. A repurchase agreement is a transaction in which one party (transferor) agrees to sell securities to another party (transferee) in return for cash (or securities), with a simultaneous agreement to repurchase the same securities at a specified price at a later date. These transactions generally have a contractual maturity of ninety days or less. Repurchase agreements include master netting provisions that provide both counterparties the right to offset claims and apply securities held by them with respect to their obligations in the event of a default. Although the Company has the contractual right to offset claims, the Company's current positions do not meet the specific conditions for net presentation.

Under repurchase agreements, the Company transfers collateral of U.S. government and government agency securities and receives cash. For repurchase agreements, the Company obtains cash in an amount equal to at least 95% of the fair value of the securities transferred. The agreements require additional collateral to be transferred when necessary and provide the counterparty the right to sell or re-pledge the securities transferred. The cash received from the repurchase program is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. The Company accounts for the repurchase agreements as collateralized borrowings. The securities transferred under repurchase agreements are included in fixed maturities, AFS with the obligation to repurchase those securities recorded in other liabilities on the Company's Condensed Consolidated Balance Sheets.

Under reverse repurchase agreements, the Company purchases securities and simultaneously agrees to resell the same or substantially the same securities. The agreements require additional collateral to be transferred to the Company when necessary and the Company has the right to sell or re-pledge the securities received. The Company accounts for reverse repurchase agreements as collateralized financing.

Securities Lending and Repurchase Agreements
	June 30, 2017		December 31, 2016
	Fair Value		Fair Value
Securities Lending Transactions:
Gross amount of securities on loan	$	1,512	$	488
Gross amount of associated liability for collateral received [1]	1,549		500
Repurchase agreements:
Gross amount of recognized liabilities for repurchase agreements	517		241
Gross amount of collateral pledged related to repurchase agreements [2]	527		248
Gross amount of recognized receivables for reverse repurchase agreements [3]	37		—

[1] Cash collateral received is reinvested in fixed maturities, AFS and short term investments which are included in the Condensed Consolidated Balance Sheets. Amount includes additional securities collateral received of $28 and $39 million which are excluded from the Company's Condensed Consolidated Balance Sheets as of June 30, 2017 and December 31, 2016, respectively.

[2] Collateral pledged is included within fixed maturities, AFS and short term investments in the Company's Condensed Consolidated Balance Sheets.

[3] Collateral received is included within short term investments in the Company's Condensed Consolidated Balance Sheets.

Other Collateral Transactions

The Company is required by law to deposit securities with government agencies in certain states in which it conducts business. As of June 30, 2017 and December 31, 2016, the fair value of securities on deposit was $2.6 billion and $2.5 billion, respectively.

As of June 30, 2017 and December 31, 2016, the Company has pledged collateral of $103 and $102, respectively, of U.S. government securities and government agency securities or cash primarily related to certain bank loan participations committed to through a limited partnership agreement. These amounts also include collateral related to letters of credit.

For disclosure of collateral in support of derivative transactions, refer to the Derivative Collateral Arrangements section of Note 7 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements.

XML

Derivatives Instruments Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as free-standing derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as GMWB riders included with certain variable annuity products.

Strategies that Qualify for Hedge Accounting

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Non-qualifying Strategies

Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include:

Interest Rate Swaps, Swaptions and Futures

The Company uses interest rate swaps, swaptions, and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of June 30, 2017 and December 31, 2016, the notional amount of interest rate swaps in offsetting relationships was $10.2 billion and $10.6 billion, respectively.

Foreign Currency Swaps and Forwards

The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company previously entered into foreign currency forwards to hedge currency impacts on changes in equity of the U.K. property and casualty run-off subsidiaries that were sold in May 2017. For further information on the disposition, see Note 2 - Business Acquisitions and Dispositions of Notes to Consolidated Financial Statements. The Company also previously entered into foreign currency forwards to hedge non-U.S. dollar denominated cash and equity securities.

Fixed Payout Annuity Hedge

The Company has obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company invests in U.S. dollar denominated assets to support the assumed reinsurance liability. The Company has in place pay U.S. dollar, receive yen swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments.

Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward.

Equity Index Swaps and Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. The Company previously entered into total return swaps to hedge equity risk of specific common stock investments which are accounted for using fair value option in order to align the accounting treatment within net realized capital gains (losses). In addition, the Company formerly offered certain equity indexed products that remain in force, a portion of which contain embedded derivatives that require changes in value to be bifurcated from the host contract. The Company uses equity index swaps to economically hedge the equity volatility risk associated with the equity indexed products.

GMWB Derivatives, net

The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer a portion of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as free-standing derivatives with a notional amount equal to the GRB reinsured.

The Company utilizes derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the non-reinsured GMWB riders. The GMWB hedging instruments hedge changes in interest rates, equity market levels, and equity volatility. These derivatives include customized swaps, interest rate swaps and futures, and equity swaps, options and futures, on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.

GMWB Hedging Instruments
	Notional Amount				Fair Value
	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Customized swaps	$	5,102	$	5,191	$	74		$	100
Equity swaps, options, and futures	1,383		1,362		(35		)	(27		)
Interest rate swaps and futures	2,999		3,703		46			21
Total	$	9,484	$	10,256	$	85		$	94

Macro Hedge Program

The Company utilizes equity swaps, options, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and guaranteed minimum death benefit ("GMDB") liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Contingent Capital Facility Put Option

The Company previously entered into a put option agreement that provided the Company the right to require a third-party trust to purchase, at any time, The Hartford’s junior subordinated notes in a maximum aggregate principal amount of $500. On February 8, 2017, The Hartford exercised the put option resulting in the issuance of $500 in junior subordinated notes with proceeds received on February 15, 2017. Under the put option agreement, The Hartford had been paying premiums on a periodic basis and had agreed to reimburse the trust for certain fees and ordinary expenses. For further information on the put option agreement, see the Contingent Capital Facility section within Note 13 - Debt of Notes to Consolidated Financial Statements, included in The Hartford's 2016 Form 10-K Annual Report.

Modified Coinsurance Reinsurance Contracts

As of June 30, 2017, and December 31, 2016, the Company had $889 and $875, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The Company has also elected to offset within assets or liabilities OTC-cleared derivative instruments based on clearing house agreements. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivative fair value reported as liabilities after taking into account the master netting agreements was $780 and $963 as of June 30, 2017, and December 31, 2016, respectively. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements of Notes to the Condensed Consolidated Financial Statements.

Derivative Balance Sheet Presentation
	Net Derivatives										Asset Derivatives				Liability Derivatives
	Notional Amount				Fair Value						Fair Value				Fair Value
Hedge Designation/ Derivative Type	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016			Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Cash flow hedges
Interest rate swaps	$	3,873	$	3,440	$	(1	)	$	(79	)	$	82	$	11	$	(83	)	$	(90	)
Foreign currency swaps	299		239		(15		)	(15		)	7		11		(22		)	(26		)
Total cash flow hedges	4,172		3,679		(16		)	(94		)	89		22		(105		)	(116		)
Non-qualifying strategies
Interest rate contracts
Interest rate swaps, swaptions, and futures	10,882		11,743		(485		)	(890		)	643		264		(1,128		)	(1,154		)
Foreign exchange contracts
Foreign currency swaps and forwards	165		1,064		—			68			—		70		—			(2		)
Fixed payout annuity hedge	804		804		(252		)	(263		)	—		—		(252		)	(263		)
Credit contracts
Credit derivatives that purchase credit protection	115		209		(3		)	(4		)	—		—		(3		)	(4		)
Credit derivatives that assume credit risk [1]	1,654		1,309		2			10			29		15		(27		)	(5		)
Credit derivatives in offsetting positions	1,934		3,317		3			(1		)	29		39		(26		)	(40		)
Equity contracts
Equity index swaps and options	321		105		3			—			40		33		(37		)	(33		)
Variable annuity hedge program
GMWB product derivatives [2]	12,178		13,114		(134		)	(241		)	—		—		(134		)	(241		)
GMWB reinsurance contracts	2,527		2,709		57			73			57		73		—			—
GMWB hedging instruments	9,484		10,256		85			94			150		190		(65		)	(96		)
Macro hedge program	6,885		6,532		168			178			182		201		(14		)	(23		)
Other
Contingent capital facility put option	—		500		—			1			—		1		—			—
Modified coinsurance reinsurance contracts	889		875		58			68			58		68		—			—
Total non-qualifying strategies	47,838		52,537		(498		)	(907		)	1,188		954		(1,686		)	(1,861		)
Total cash flow hedges, fair value hedges, and non-qualifying strategies	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)
Balance Sheet Location
Fixed maturities, available-for-sale	$	155	$	322	$	—		$	1		$	—	$	1	$	—		$	—
Other investments	7,534		23,620		151			(180		)	171		377		(20		)	(557		)
Other liabilities	28,677		15,526		(609		)	(689		)	991		457		(1,600		)	(1,146		)
Reinsurance recoverables	3,416		3,584		115			141			115		141		—			—
Other policyholder funds and benefits payable	12,228		13,164		(171		)	(274		)	—		—		(171		)	(274		)
Total derivatives	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)

[1] The derivative instruments related to this strategy are held for other investment purposes.

[2] These derivatives are embedded within liabilities and are not held for risk management purposes.

Offsetting of Derivative Assets/Liabilities

The following tables present the gross fair value amounts, the amounts offset, and net position of derivative instruments eligible for offset in the Company's Condensed Consolidated Balance Sheets. Amounts offset include fair value amounts, income accruals and related cash collateral receivables and payables associated with derivative instruments that are traded under a common master netting agreement, as described in the preceding discussion. Also included in the tables are financial collateral receivables and payables, which are contractually permitted to be offset upon an event of default, although are disallowed for offsetting under U.S. GAAP.

Offsetting Derivative Assets and Liabilities
	(i)			(ii)			(iii) = (i) - (ii)						(iv)				(v) = (iii) - (iv)
							Net Amounts Presented in the Statement of Financial Position							Collateral Disallowed for Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Derivative Assets [1] (Liabilities) [2]			Accrued Interest and Cash Collateral (Received) [3] Pledged [2]				Financial Collateral (Received) Pledged [4]			Net Amount
As of June 30, 2017
Other investments	$	1,162		$	1,085		$	151		$	(74	)		$	41		$	36
Other liabilities	$	(1,620	)	$	(781	)	$	(609	)	$	(230	)		$	(827	)	$	(12	)
As of December 31, 2016
Other investments	$	834		$	670		$	(180	)	$	344			$	103		$	61
Other liabilities	$	(1,703	)	$	(884	)	$	(689	)	$	(130	)		$	(763	)	$	(56	)

[1] Included in other investments in the Company's Condensed Consolidated Balance Sheets.

[2] Included in other liabilities in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty.

[3] Included in other investments in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty.

[4] Excludes collateral associated with exchange-traded derivative instruments.

Cash Flow Hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge ineffectiveness are recognized in current period earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

Derivatives in Cash Flow Hedging Relationships
	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)
	Three Months Ended June 30,						Six months ended June 30,
	2017			2016			2017		2016
Interest rate swaps	$	21		$	40		$	14	$	146
Foreign currency swaps	(1		)	—			—		1
Total	$	20		$	40		$	14	$	147
	Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)
	Three Months Ended June 30,						Six Months Ended June 30, 2017
	2017			2016			2017		2016
Interest rate swaps
Net realized  capital gain/(loss)	$	—		$	2		$	4	$	7
Net investment income	16			15			32		30
Foreign currency swaps
Net realized  capital gain/(loss)	5			(2		)	6		2
Total	$	21		$	15		$	42	$	39

During the three and six months endedJune 30, 2017, and June 30, 2016, the Company had no ineffectiveness recognized in income within net realized capital gains (losses).

As of June 30, 2017, the before-tax deferred net gains on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $39. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities that will occur over the next twelve months, at which time the Company will recognize the deferred net gains (losses) as an adjustment to net investment income over the term of the investment cash flows. The maximum term over which the Company is hedging its exposure to the variability of future cash flows for forecasted transactions, excluding interest payments on existing variable-rate financial instruments, is less than one year.

During the three and six months endedJune 30, 2017, and June 30, 2016, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.

Fair Value Hedges

For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivatives as well as the offsetting loss or gain on the hedged items attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the derivative in the same line item as the offsetting loss or gain on the hedged item. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

For the three and six months endedJune 30, 2017, the Company did not hold any fair value hedges. For the three and six months endedJune 30, 2016, the Company recognized in income immaterial gains and (losses) for the ineffective portion of fair value hedges related to the derivative instrument and the hedged item.

Non-Qualifying Strategies

For non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized capital gains (losses).

Non-Qualifying Strategies Recognized within Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Variable annuity hedge program
GMWB product derivatives	$	39		$	(30	)	$	140		$	(109	)
GMWB reinsurance contracts	(6		)	1			(24		)	13
GMWB hedging instruments	(13		)	32			(78		)	82
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Foreign exchange contracts
Foreign currency swaps and forwards	(7		)	22			(17		)	25
Fixed payout annuity hedge	(10		)	60			11			96
Total foreign exchange contracts	(17		)	82			(6		)	121
Other non-qualifying derivatives
Interest rate contracts
Interest rate swaps, swaptions, and futures	(1		)	4			6			(20		)
Credit contracts
Credit derivatives that purchase credit protection	41			(2		)	30			(7		)
Credit derivatives that assume credit risk	(33		)	6			(16		)	4
Equity contracts
Equity index swaps and options	(4		)	(5		)	(4		)	13
Other
Contingent capital facility put option	—			(1		)	(1		)	(3		)
Modified coinsurance reinsurance contracts	(8		)	(25		)	(10		)	(47		)
Total other non-qualifying derivatives	(5		)	(23		)	5			(60		)
Total [1]	$	(40	)	$	42		$	(87	)	$	13

[1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements.

Credit Risk Assumed through Credit Derivatives

The Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The Company will receive periodic payments based on an agreed upon rate and notional amount and will only make a payment if there is a credit event. A credit event payment will typically be equal to the notional value of the swap contract less the value of the referenced security issuer’s debt obligation after the occurrence of the credit event. A credit event is generally defined as a default on contractually obligated interest or principal payments or bankruptcy of the referenced entity. The credit default swaps in which the Company assumes credit risk primarily reference investment grade single corporate issuers and baskets, which include standard diversified portfolios of corporate and CMBS issuers. The diversified portfolios of corporate issuers are established within sector concentration limits and may be divided into tranches that possess different credit ratings.

Credit Derivatives by Type
							Underlying Referenced Credit Obligation(s) [1]
	Notional Amount [2]		Fair Value			Weighted Average Years to Maturity	Type	Average Credit Rating	Offsetting Notional Amount [3]		Offsetting Fair Value [3]
As of June 30, 2017
Single name credit default swaps
Investment grade risk exposure	$	204	$	4		5 years	Corporate Credit/ Foreign Gov.	A-	$	15	$	—
Below investment grade risk exposure	52		—			1 year	Corporate Credit	B-	52		—
Basket credit default swaps [4]
Investment grade risk exposure	2,054		5			4 years	Corporate Credit	BBB+	719		(5		)
Below investment grade risk exposure	50		4			4 years	Corporate Credit	B+	50		—
Investment grade risk exposure	174		(3		)	5 years	CMBS Credit	AA-	44		1
Below investment grade risk exposure	87		(16		)	Less than 1 year	CMBS Credit	CCC	87		15
Total [5]	$	2,621	$	(6	)				$	967	$	11
As of December 31, 2016
Single name credit default swaps
Investment grade risk exposure	$	169	$	—		4 years	Corporate Credit/ Foreign Gov.	A-	$	50	$	—
Below investment grade risk exposure	77		—			1 year	Corporate Credit	B+	77		—
Basket credit default swaps [4]
Investment grade risk exposure	2,065		22			3 years	Corporate Credit	BBB+	1,204		(10		)
Below investment grade risk exposure	50		3			4 years	Corporate Credit	B	50		(3		)
Investment grade risk exposure	297		(5		)	4 years	CMBS Credit	AA	167		1
Below investment grade risk exposure	110		(26		)	1 year	CMBS Credit	CCC	111		26
Embedded credit derivatives
Investment grade risk exposure	200		201			Less than 1 year	Corporate Credit	A+	—		—
Total [5]	$	2,968	$	195					$	1,659	$	14

[1] The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, Fitch and Morningstar. If no rating is available from a rating agency, then an internally developed rating is used.

[2] Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements, clearing house rules and applicable law, which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses.

[3] The Company has entered into offsetting credit default swaps to terminate certain existing credit default swaps, thereby offsetting the future changes in value of, or losses paid related to, the original swap.

[4] Includes $2.4 billion and $2.5 billion as of June 30, 2017, and December 31, 2016, respectively, of notional amount on swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index.

[5] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements.

Derivative Collateral Arrangements

The Company enters into various collateral arrangements in connection with its derivative instruments, which require both the pledging and accepting of collateral. As of June 30, 2017, and December 31, 2016, the Company pledged cash collateral associated with derivative instruments with a fair value of $19 and $623, respectively, for which the collateral receivable has been primarily included within other investments on the Company's Condensed Consolidated Balance Sheets. As of June 30, 2017, and December 31, 2016, the Company also pledged securities collateral associated with derivative instruments with a fair value of $893 and $1.1 billion, respectively, which have been included in fixed maturities on the Condensed Consolidated Balance Sheets. The counterparties have the right to sell or re-pledge these securities.

As of June 30, 2017, and December 31, 2016, the Company accepted cash collateral associated with derivative instruments of $424 and $387, respectively, which was invested and recorded in the Company's Condensed Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other liabilities. The Company also accepted securities collateral as of June 30, 2017, and December 31, 2016, with a fair value of $46 and $109, respectively, of which the Company has the ability to sell or repledge $18 and $81, respectively. As of June 30, 2017, and December 31, 2016, the Company had no repledged securities and did not sell any securities. In addition, as of June 30, 2017, and December 31, 2016, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Condensed Consolidated Balance Sheets.

XML

Reserve for Unpaid Losses and Loss Adjustment Expenses Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

Property and Casualty Insurance Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017		2016
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	21,833	$	21,825
Reinsurance and other recoverables	2,776		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	19,057		18,943
Provision for unpaid losses and loss adjustment expenses
Current accident year	3,563		3,447
Prior accident year development	2		384
Total provision for unpaid losses and loss adjustment expenses	3,565		3,831
Less: payments
Current accident year	1,009		1,066
Prior accident years	2,292		2,550
Total payments	3,301		3,616
Ending liabilities for unpaid losses and loss adjustment expenses, net	19,321		19,158
Reinsurance and other recoverables [1]	2,809		2,746
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	22,130	$	21,904

[1] Includes reinsurance recoverables of $2,350 and $2,461 for the six months ended June 30, 2017 and 2016, respectively.

(Favorable) Unfavorable Prior Accident Year Development

	For the six months ended June 30,
	2017			2016
Workers’ compensation	$	(20	)	$	(83	)
Workers’ compensation discount accretion	16			14
General liability	10			66
Package business	—			52
Commercial property	(6		)	(3		)
Professional liability	—			(33		)
Bond	(10		)	(6		)
Automobile liability - Commercial Lines	20			1
Automobile liability - Personal Lines	—			140
Homeowners	—			(5		)
Net asbestos reserves	—			197
Net environmental reserves	—			71
Catastrophes	(13		)	(5		)
Uncollectible reinsurance	—			(30		)
Other reserve re-estimates, net	5			8
Total prior accident year development	$	2		$	384

Property and Casualty Insurance Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017		2016
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	21,833	$	21,825
Reinsurance and other recoverables	2,776		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	19,057		18,943
Provision for unpaid losses and loss adjustment expenses
Current accident year	3,563		3,447
Prior accident year development	2		384
Total provision for unpaid losses and loss adjustment expenses	3,565		3,831
Less: payments
Current accident year	1,009		1,066
Prior accident years	2,292		2,550
Total payments	3,301		3,616
Ending liabilities for unpaid losses and loss adjustment expenses, net	19,321		19,158
Reinsurance and other recoverables [1]	2,809		2,746
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	22,130	$	21,904

[1] Includes reinsurance recoverables of $2,350 and $2,461 for the six months ended June 30, 2017 and 2016, respectively.

(Favorable) Unfavorable Prior Accident Year Development

	For the six months ended June 30,
	2017			2016
Workers’ compensation	$	(20	)	$	(83	)
Workers’ compensation discount accretion	16			14
General liability	10			66
Package business	—			52
Commercial property	(6		)	(3		)
Professional liability	—			(33		)
Bond	(10		)	(6		)
Automobile liability - Commercial Lines	20			1
Automobile liability - Personal Lines	—			140
Homeowners	—			(5		)
Net asbestos reserves	—			197
Net environmental reserves	—			71
Catastrophes	(13		)	(5		)
Uncollectible reinsurance	—			(30		)
Other reserve re-estimates, net	5			8
Total prior accident year development	$	2		$	384

Re-estimates of prior accident year reserves for the six months endedJune 30, 2017

Workers’ compensation reservesin Small Commercial were reduced given the continued emergence of favorable frequency for accident years 2013 to 2015. Management has placed additional weight on this favorable experience as it becomes more credible.

General liability reserves were increased for the 2013 to 2016 accident years on a class of business that insures service and maintenance contractors. This increase was partially offset by a decrease in recent accident year reserves for other Middle Market general liability reserves.

Bond business reservesrelated to recent accident years were reduced as reported losses for commercial and contract surety have emerged favorably.

Automobile liability reserves within Commercial Lines were increased in Small Commercial and large national accounts for the 2013 to 2016 accident years, driven by higher frequency of more severe accidents, including litigated claims.

Catastrophes reserveswere reduced primarily due to lower estimates of 2016 wind and hail event losses and a decrease in losses on a 2015 wildfire.

Re-estimates of prior accident year reserves for thesix months endedJune 30, 2016

Workers' compensation reservesdecreased for accident years 2013 through 2015 due to favorable frequency and, to a lesser extent, lower medical severity trends. Loss costs for these accident years continued to emerge favorably and management has been placing additional weight on this favorable experience as it becomes more credible.

General liability reservesincreased for accident years 2012 through 2015 primarily due to higher severity losses incurred on a class of business that insures service and maintenance contractors.

Small Commercial package business reservesincreased due to higher than expected severity on liability claims, principally for accident years 2013 through 2015. Severity for these accident years has developed unfavorably and management has placed more weight on emerged experience.

Professional liability reservesdecreased for claims made years 2008 through 2013, primarily for large accounts, including on non-securities class action cases. Claim costs have emerged favorably as these years have matured and management has placed more weight on the emerged experience.

Automobile liability reservesincreased in personal lines primarily due to increased bodily injury frequency and severity for the 2015 accident year and increased bodily injury severity for the 2014 accident year. Increases in auto liability loss costs were across both the direct and agency distribution channels.

Asbestos and environmental reserves increased during the period as a result of the 2016 comprehensive annual review. For a discussion of the Company's 2016 review of asbestos and environmental reserves, see Part II, Item 7 MD&A, Critical Accounting Estimates, Property & Casualty Other Operations section in the Company’s 2016 Form 10-K Annual Report.

Uncollectible reinsurance reservesdecreased as a result of giving greater weight to favorable collectability experience in recent calendar periods in estimating future collections.

Group Life, Disability and Accident Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017			2016 [1]
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	5,772		$	5,889
Reinsurance recoverables	208			218
Beginning liabilities for unpaid losses and loss adjustment expenses, net	5,564			5,671
Provision for unpaid losses and loss adjustment expenses
Current incurral year	1,319			1,287
Prior year's discount accretion	101			105
Prior incurral year development [2]	(112		)	(98		)
Total provision for unpaid losses and loss adjustment expenses [3]	1,308			1,294
Less: payments
Current incurral year	542			523
Prior incurral years	833			836
Total payments	1,375			1,359
Ending liabilities for unpaid losses and loss adjustment expenses, net	5,497			5,606
Reinsurance recoverables	212			216
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	5,709		$	5,822

[1] Certain prior year amounts have been reclassified to conform to the current year presentation for unpaid losses and loss adjustment expenses.

[2] Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.

[3] Includes unallocated loss adjustment expenses of $48, and $51 for for the six months ended June 30, 2017 and 2016, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.

Re-estimates of prior incurral years reserves for the six months endedJune 30, 2017

Group Disability-Prior period reserve estimates decreased by approximately $65 largely driven by group long-term disability claim recoveries higher than prior reserve assumptions. This favorability was partially reduced by lower expectation of future benefit offsets, particularly lower Social Security Disability Income approval rates and longer decision turnaround times in the Social Security Administration.

Group Life and Accident (including Group Life Premium Waiver)-Prior period reserve estimates decreased by approximately $45 largely driven by lower than previously expected claim incidence in Group Life and Group Life Premium Waiver and lower than expected severity on Group Accidental Death & Dismemberment.

Re-estimates of prior incurral years reserves for the six months endedJune 30, 2016

Group Disability-Prior period reserve estimates decreased by approximately $65 largely driven by group long-term disability claim recoveries higher than prior reserve assumptions. This favorability was partially offset by lower Social Security Disability Income approvals driven by lower approval rates and ongoing backlogs in the Social Security Administration.

Group Life and Accident (including Group Life Premium Waiver)-Prior period reserve estimates decreased by approximately $30 largely driven by lower than previously expected incidence on Group Life Premium Waiver.

Group Life, Disability and Accident Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017			2016 [1]
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	5,772		$	5,889
Reinsurance recoverables	208			218
Beginning liabilities for unpaid losses and loss adjustment expenses, net	5,564			5,671
Provision for unpaid losses and loss adjustment expenses
Current incurral year	1,319			1,287
Prior year's discount accretion	101			105
Prior incurral year development [2]	(112		)	(98		)
Total provision for unpaid losses and loss adjustment expenses [3]	1,308			1,294
Less: payments
Current incurral year	542			523
Prior incurral years	833			836
Total payments	1,375			1,359
Ending liabilities for unpaid losses and loss adjustment expenses, net	5,497			5,606
Reinsurance recoverables	212			216
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	5,709		$	5,822

[1] Certain prior year amounts have been reclassified to conform to the current year presentation for unpaid losses and loss adjustment expenses.

[2] Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.

[3] Includes unallocated loss adjustment expenses of $48, and $51 for for the six months ended June 30, 2017 and 2016, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.

XML

Separate Accounts, Death Benefits and Other Insurance Benefit Features Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Separate Accounts Disclosure [Abstract]

Separate Accounts, Death Benefits, and Other Insurance Benefit Features [Text Block]

Changes in Reserves for Future Policy Benefits
	Universal Life - Type Contracts
	GMDB/GMWB [1]			Universal Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2017	$	786		$	2,627	$	10,516		$	13,929
Incurred [3]	33			149		408			590
Paid	(52		)	—		(401		)	(453		)
Change in unrealized investment gains and losses	—			—		90			90
Liability balance as of June 30, 2017	$	767		$	2,776	$	10,613		$	14,156
Reinsurance recoverable asset, as of January 1, 2017	$	432		$	2,627	$	1,392		$	4,451
Incurred [3]	22			149		49			220
Paid	(43		)	—		(27		)	(70		)
Reinsurance recoverable asset, as of June 30, 2017	$	411		$	2,776	$	1,414		$	4,601

	Universal Life - Type Contracts
	GMDB/GMWB [1]			Universal Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2016	$	863		$	2,313	$	10,683		$	13,859
Incurred [3]	41			158		392			591
Paid	(66		)	—		(398		)	(464		)
Change in unrealized investment gains and losses	—			—		460			460
Liability balance as of June 30, 2016	$	838		$	2,471	$	11,137		$	14,446
Reinsurance recoverable asset, as of January 1, 2016	$	523		$	2,313	$	1,478		$	4,314
Incurred [3]	32			158		37			227
Paid	(51		)	—		(33		)	(84		)
Reinsurance recoverable asset, as of June 30, 2016	$	504		$	2,471	$	1,482		$	4,457

[1] These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits that make up a shortfall between the account value and the GRB are embedded derivatives held at fair value and are excluded from these balances.

[2] Represents life-contingent reserves for which the company is subject to insurance and investment risk.

[3] Includes the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves.

Account Value by GMDB/GMWB Type as of June 30, 2017
Maximum anniversary value (“MAV”) [1]	Account Value (“AV”) [8]		Net Amount at Risk (“NAR”) [9]		Retained Net Amount at Risk (“RNAR”) [9]		Weighted Average Attained Age of Annuitant
MAV only	$	13,641	$	2,109	$	316	71
With 5% rollup [2]	1,155		154		49		71
With Earnings Protection Benefit Rider (“EPB”) [3]	3,465		504		79		71
With 5% rollup & EPB	475		104		23		73
Total MAV	18,736		2,871		467
Asset Protection Benefit (“APB”) [4]	10,243		114		76		70
Lifetime Income Benefit (“LIB”) — Death Benefit [5]	459		5		5		70
Reset [6] (5-7 years)	2,437		7		6		70
Return of Premium (“ROP”) [7]/Other	8,793		59		56		71
Subtotal Variable Annuity with GMDB/GMWB [10]	40,668		$	3,056	$	610	71
Less: General Account Value with GMDB/GMWB	3,686
Subtotal Separate Account Liabilities with GMDB	36,982
Separate Account Liabilities without GMDB	79,764
Total Separate Account Liabilities	$	116,746

[1] MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals).

[2] Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums.

[3] EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.

[4] APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).

[5] LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time.

[6] Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals).

[7] ROP GMDB is the greater of current AV or net premiums paid.

[8] AV includes the contract holder’s investment in the separate account and the general account.

[9] NAR is defined as the guaranteed minimum death benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity markets movements and increase when equity markets decline.

[10] Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $6.3 billion of total account value and weighted average attained age of 73 years. There is no NAR or retained NAR related to these contracts. Includes $1.6 billion of account value for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries.

Account Balance Breakdown of Variable Separate Account Investments for Contracts with Guarantees
Asset type	As of June 30, 2017		As of December 31, 2016
Equity securities (including mutual funds)	$	34,135	$	33,880
Cash and cash equivalents	2,847		3,045
Total	$	36,982	$	36,925

As of June 30, 2017 and December 31, 2016, approximately 15% and 16%, respectively, of the equity securities (including mutual funds), in the preceding table were funds invested in fixed income securities and approximately 85% and 84%, respectively, were funds invested in equity securities.

For further information on guaranteed living benefits that are accounted for at fair value, such as GMWB, see Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

XML

Debt Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Senior Notes

On March 15, 2017, the Company repaid its $416, 5.375% senior notes at maturity.

Junior Subordinated Debentures

On February 15, 2017, pursuant to a put option agreement with the Glen Meadow ABC Trust, the Company issued $500 junior subordinated notes with a scheduled maturity of February 12, 2047, and a final maturity of February 12, 2067. The junior subordinated notes bear interest at an annual rate of three-month LIBOR plus 2.125%, payable quarterly. The Hartford will have the right, on one or more occasions, to defer interest payments due on the junior subordinated notes under specified circumstances.

Upon receipt of the proceeds, the Company entered into a replacement capital covenant (the "RCC"). Under the terms of the RCC, if the Company redeems the notes at any time prior to February 12, 2047 (or such earlier date on which the RCC terminates by its terms) it can only do so with the proceeds from the sale of certain qualifying replacement securities. The RCC also prohibits the Company from redeeming all or any portion of the notes on or prior to February 15, 2022.

In April, 2017, the Company entered into an interest rate swap agreement expiring February 15, 2027 to effectively convert the variable interest payments into fixed interest payments of approximately 4.39%.

XML

Income Taxes Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income Tax Rate Reconciliation
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Tax provision at U.S. federal statutory rate	$	(48	)	$	60		$	122		$	193
Tax-exempt interest	(30		)	(31		)	(60		)	(63		)
Dividends-received deduction ("DRD")	(19		)	(21		)	(38		)	(43		)
Decrease in deferred tax valuation allowance	—			(53		)	—			(78		)
Stock-based compensation	(1		)	—			(8		)	—
Other	(1		)	(1		)	(6		)	3
Provision for income taxes	$	(99	)	$	(46	)	$	10		$	12

In addition to the effect of tax-exempt interest and DRD, the Company’s effective tax rate for the three and six months endedJune 30, 2017 reflects a $1 and $8, respectively, federal income tax benefit related to a deduction for stock-based compensation that vested at a fair value per share greater than the fair value on the date of grant.

Additionally, the Company's effective tax rate for the three and six months endedJune 30, 2016 reflects a $53 and $78, respectively, federal income tax benefit from the reduction of the deferred tax asset valuation allowance on the capital loss carryover due to taxable gains on sales of investments during the period.

The separate account DRD is estimated for the current year using information from the most recent return, adjusted for current year equity market performance and other appropriate factors, including estimated levels of corporate dividend payments and level of policy owner equity account balances. The actual current year DRD can vary from estimates based on, but not limited to, changes in eligible dividends received in the mutual funds, amounts of distribution from these mutual funds, amounts of short-term capital gains at the mutual fund level and the Company’s taxable income before the DRD. The Company evaluates its DRD computations on a quarterly basis.

Roll-forward of Unrecognized Tax Benefits
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Balance, beginning of period	$	12	$	12	$	12	$	12
Gross increases - tax positions in prior period	—		—		—		—
Gross decreases - tax positions in prior period	—		—		—		—
Balance, end of period	$	12	$	12	$	12	$	12

The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release.

The federal audit of the years 2012 and 2013 was completed as of March 31, 2017 with no additional adjustments. The Company has received notification from the Internal Revenue Service of its intention to audit the recently acquired subsidiary, Maxum, for its 2014 tax year. Management believes that adequate provision has been made in the consolidated financial statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.

Net deferred income taxes include the future tax benefits associated with the net operating loss carryover, foreign tax credit carryover, capital loss carryover, and alternative minimum tax credit carryover.

Future Tax Benefits
	As of
	June 30, 2017				December 31, 2016				Expiration
	Carryover amount		Expected tax benefit, gross		Carryover amount		Expected tax benefit, gross		Dates			Amount
Net operating loss carryover - U.S.	$	4,624	$	1,618	$	5,412	$	1,894	2020			$	1
									2023	-	2036	$	4,623
Net operating loss carryover - foreign	$	3	$	—	$	48	$	9	No expiration			$	3
Foreign tax credit carryover	$	42	$	42	$	56	$	56	2021	-	2024	$	42
Alternative minimum tax credit carryover	$	777	$	777	$	640	$	640	No expiration			$	777
General business credit carryover	$	2	$	2	$	99	$	99	2031	-	2035	$	2
Capital loss carryover	$	91	$	32	$	—	$	—	2022			$	91

Net Operating Loss Carryover

Utilization of these loss carryovers is dependent upon the generation of sufficient future taxable income. Most of the net operating loss carryover originated from the Company's U.S. and international annuity business, including from the hedging program. Given the continued run off of the U.S. fixed and variable annuity business, the exposure to taxable losses from the Talcott Resolution business is significantly lessened. Given the expected earnings of its property and casualty, group benefits and mutual fund businesses, the Company expects to generate sufficient taxable income in the future to utilize its net operating loss carryover. Although the Company projects there will be sufficient future taxable income to fully recover the remainder of the loss carryover, the Company's estimate of the likely realization may change over time.

Tax Credit Carryovers

Alternative Minimum Tax Credits- These credit carryovers are available to offset regular federal income taxes from future taxable income and have no expiration date. Since the Company believes there will be sufficient regular federal taxable income in the future, and these credits have no expiration date, the Company believes it is more likely than not they will be fully utilized and thus no valuation allowance has been provided.

Foreign Tax Credits- As with the alternative minimum tax credits, these credits are available to offset regular federal income taxes from future taxable income. The use of these credits prior to expiration depends on the generation of sufficient taxable income to first utilize all U.S. net operating loss carryovers. However, the Company has identified and begun to purchase certain investments which allow for utilization of the foreign tax credits without first using the net operating loss carryover. Consequently, the Company believes it is more likely than not the foreign tax credit carryover will be fully realized. Accordingly, no valuation allowance has been provided.

Capital Loss Carryover- The Capital loss carryover is a result of the sale of Hartford Financial Products International Limited in May 2017, partially offset by year to date realized taxable capital gains.  Utilization of the capital loss carryover requires the Company to realize sufficient taxable capital gains.  The Company expects to generate sufficient taxable capital gains in the future to utilize the capital loss carryover, and thus no valuation allowance has been provided.  Although the Company projects there will be sufficient future taxable capital gains to fully recover the remainder of the capital loss carryover, the Company’s estimate of the likely realization may change over time.

XML

Commitments and Contingencies Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Litigation

The Hartford is involved in claims litigation arising in the ordinary course of business, both as a liability insurer defending or providing indemnity for third-party claims brought against insureds and as an insurer defending coverage claims brought against it. The Hartford accounts for such activity through the establishment of unpaid loss and loss adjustment expense reserves. Subject to the uncertainties in the following discussion under the caption “Asbestos and Environmental Claims,” management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of The Hartford.

The Hartford is also involved in other kinds of legal actions, some of which assert claims for substantial amounts. These actions include, among others, and in addition to the matters in the following discussion, putative state and federal class actions seeking certification of a state or national class. Such putative class actions have alleged, for example, underpayment of claims or improper underwriting practices in connection with various kinds of insurance policies, such as personal and commercial automobile, property, disability, life and inland marine. The Hartford also is involved in individual actions in which punitive damages are sought, such as claims alleging bad faith in the handling of insurance claims or other allegedly unfair or improper business practices. Like many other insurers, The Hartford also has been joined in actions by asbestos plaintiffs asserting, among other things, that insurers had a duty to protect the public from the dangers of asbestos and that insurers committed unfair trade practices by asserting defenses on behalf of their policyholders in the underlying asbestos cases. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of The Hartford. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, the outcome in certain matters could, from time to time, have a material adverse effect on the Company’s results of operations or cash flows in particular quarterly or annual periods.

In addition to the inherent difficulty of predicting litigation outcomes, the Mutual Funds Litigation identified below purports to seek substantial damages for unsubstantiated conduct spanning a multi-year period based on novel applications of complex legal theories. The alleged damages are not quantified or factually supported in the complaint, and, in any event, the Company’s experience shows that demands for damages often bear little relation to a reasonable estimate of potential loss. The application of the legal standard identified by the court for assessing  the potentially available damages, as described below, is inherently unpredictable, and no legal precedent has been identified that would aid in determining a reasonable estimate of potential loss. Accordingly, management cannot reasonably estimate the possible loss or range of loss, if any.

Mutual Funds Litigation — In February 2011, a derivative action was brought on behalf of six Hartford retail mutual funds in the United States District Court for the District of New Jersey, alleging that Hartford Investment Financial Services, LLC (“HIFSCO”), an indirect subsidiary of the Company, received excessive advisory and distribution fees in violation of its statutory fiduciary duty under Section 36(b) of the Investment Company Act of 1940. During the course of the litigation, the claims regarding distribution fees were dismissed without prejudice, the lineup of funds as plaintiffs changed several times, and the plaintiffs added as a defendant Hartford Funds Management Company (“HFMC”), an indirect subsidiary of the Company that assumed the role of advisor to the funds as of January 2013.  In June 2015, HFMC and HIFSCO moved for summary judgment, and plaintiffs cross-moved for partial summary judgment with respect to one fund. In March 2016, the court denied the plaintiff's motion, and granted summary judgment for HIFSCO and HFMC with respect to one fund, leaving six funds as plaintiffs: The Hartford Balanced Fund, The Hartford Capital Appreciation Fund, The Hartford Floating Rate Fund, The Hartford Growth Opportunities Fund, The Hartford Healthcare Fund, and The Hartford Inflation Plus Fund. The court further ruled that the appropriate measure of damages on the surviving claims would be the difference, if any, between the actual advisory fees paid through trial and the fees permitted under the applicable legal standard. A bench trial on the issue of liability was held in November 2016. In February 2017, the court granted judgment for HIFSCO and HFMC as to all claims.  Plaintiffs have appealed to the United States Court of Appeals for the Third Circuit.

Asbestos and Environmental Claims–The Company continues to receive asbestos and environmental claims. Asbestos claims relate primarily to bodily injuries asserted by people who came in contact with asbestos or products containing asbestos. Environmental claims relate primarily to pollution and related clean-up costs.

The Company principally relies on exposure-based analysis to estimate the ultimate costs of these claims, both gross and net of reinsurance, and regularly evaluates new account information in assessing its potential asbestos and environmental exposures. The Company supplements this exposure-based analysis with evaluations of the Company’s historical direct net loss and expense paid and reported experience, and net loss and expense paid and reported experience by calendar and/or report year.

While the Company believes that its current asbestos and environmental reserves are appropriate, significant uncertainties limit the ability of insurers and reinsurers to estimate the ultimate reserves necessary for unpaid losses and related expenses.  The ultimate liabilities, thus, could exceed the currently recorded reserves, and any such additional liability, while not reasonably estimable now, could be material to The Hartford’s consolidated operating results and liquidity.

Under an adverse development cover (“ADC”) reinsurance agreement with National Indemnity Company (“NICO”), a subsidiary of Berkshire Hathaway Inc., the Company paid $650 to reinsure adverse development of net asbestos and environmental loss and allocated loss adjustment expense reserves of up to $1.5 billion above the Company’s net asbestos and environmental reserves as of December 31, 2016 of approximately $1.7 billion.

Under retroactive reinsurance accounting, net adverse asbestos and environmental reserve development after December 31, 2016, if any, will result in an offsetting reinsurance recoverable up to the $1.5 billion limit. Cumulative ceded losses up to the $650 reinsurance premium paid would be recognized as a dollar-for-dollar offset to direct losses incurred. Cumulative ceded losses exceeding the $650 reinsurance premium paid would result in a deferred gain. The deferred gain would be recognized over the claim settlement period in the proportion of the amount of cumulative ceded losses collected from the reinsurer to the estimated ultimate reinsurance recoveries. Consequently, until periods when the deferred gain is recognized as a benefit to earnings, cumulative adverse development of asbestos and environmental claims after December 31, 2016 in excess of $650 may result in significant charges against earnings. Furthermore, there is a risk that cumulative adverse development of asbestos and environmental claims could ultimately exceed the $1.5 billion treaty limit in which case all adverse development in excess of the treaty limit would be absorbed as a charge to earnings by the Company. In these scenarios, the effect of these changes could be material to the Company’s consolidated operating results and liquidity.

Derivative Commitments

Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical agencies, of the individual legal entity that entered into the derivative agreement. If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances enable the counterparties to terminate the agreements and demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement. The settlement amount is determined by netting the derivative positions transacted under each agreement. If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity. The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of June 30, 2017 was $1.3 billion. For this $1.3 billion, the legal entities have posted collateral of $897 in the normal course of business. In addition, the Company has posted collateral of $31 associated with a customized GMWB derivative. Based on derivative market values as of June 30, 2017 a downgrade of one level below the current financial strength ratings by either Moody’s or S&P would not require additional assets to be posted as collateral. Based on derivative market values as of June 30, 2017, a downgrade of two levels below the current financial strength ratings by either Moody's or S&P would require additional $9 of assets to be posted as collateral. These collateral amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated. The nature of the collateral that we post, when required, is primarily in the form of U.S. Treasury bills, U.S. Treasury notes and government agency securities.

XML

Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Capital Purchase Program ("CPP") Warrants

As of June 30, 2017 and December 31, 2016, respectively, the Company has 2.9 million and 4.0 million of CPP warrants outstanding and exercisable.

CPP warrant exercises were 0.1 million for the three months endedJune 30, 2017 and there were no CPP warrant exercises for the three months endedJune 30, 2016. CPP warrant exercises were 1.1 million and 0.2 million for the six months endedJune 30, 2017and 2016, respectively.

The declaration of common stock dividends by the Company in excess of a threshold triggers a provision in the Company's warrant agreement with The Bank of New York Mellon resulting in adjustments to the CPP warrant exercise price. Accordingly, the declaration of a common stock dividend during the three months endedJune 30, 2017 resulted in an adjustment to the CPP warrant exercise price. The CPP warrant exercise price was $9.060 as of June 30, 2017 and $9.126 as of December 31, 2016.

Equity Repurchase Program

The Company's authorization for equity repurchases is $1.3 billion for the period October 31, 2016 through December 31, 2017.

During the period July 1, 2017 through July 25, 2017, the Company repurchased approximately 1.6 million common shares for $85.

Equity Repurchase Activity and Remaining Repurchase Capacity
Three months ended	Common Shares Repurchased	Cost of Shares Repurchased		Average Price Paid per Share		Remaining Capacity Under Share Repurchase Authorization
(In millions, except for per share data)
March 31, 2017	6.7	$	325	$	48.47	$	975
June 30, 2017	6.6	$	325	$	49.34	$	650
Total	13.3	$	650

XML

Accumulated Other Comprehensive Income Loss Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2017
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,413		$	(4	)	$	58		$	8	$	(1,682	)	$	(207	)
OCI before reclassifications	404			1			13			5		(141		)	282
Amounts reclassified from AOCI	(62		)	—			(14		)	—		495			419
OCI, net of tax	342			1			(1		)	5		354			701
Ending balance	$	1,755		$	(3	)	$	57		$	13	$	(1,328	)	$	494

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2017
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,276		$	(3	)	$	76		$	6	$	(1,692	)	$	(337	)
OCI before reclassifications	564			—			8			7		(140		)	439
Amounts reclassified from AOCI	(85		)	—			(27		)	—		504			392
OCI, net of tax	479			—			(19		)	7		364			831
Ending balance	$	1,755		$	(3	)	$	57		$	13	$	(1,328	)	$	494

Reclassifications from AOCI
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	95		$	131		Net realized capital gains (losses)
	95			131			Income before income taxes
	33			46			Income tax expense (benefit)
	$	62		$	85		Net income
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	—		$	4		Net realized capital gains (losses)
Interest rate swaps	16			32			Net investment income
Foreign currency swaps	5			6			Net realized capital gains (losses)
	21			42			Income before income taxes
	7			15			Income tax expense (benefit)
	$	14		$	27		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	2		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(16		)	(32		)	Insurance operating costs and other expenses
Settlement loss	(747		)	(747		)	Insurance operating costs and other expenses
	(761		)	(776		)	Income (loss) before income taxes
	(266		)	(272		)	Income tax expense (benefit)
	$	(495	)	$	(504	)	Net income (loss)
Total amounts reclassified from AOCI	$	(419	)	$	(392	)	Net income (loss)

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2016
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,801		$	(15	)	$	184		$	(49	)	$	(1,667	)	$	254
OCI before reclassifications	696			3			26			(19		)	—			706
Amounts reclassified from AOCI	(60		)	2			(10		)	—			8			(60		)
OCI, net of tax	636			5			16			(19		)	8			646
Ending balance	$	2,437		$	(10	)	$	200		$	(68	)	$	(1,659	)	$	900

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2016
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,279		$	(7	)	$	130		$	(55	)	$	(1,676	)	$	(329	)
OCI before reclassifications	1,191			(6		)	95			(13		)	—			1,267
Amounts reclassified from AOCI	(33		)	3			(25		)	—			17			(38		)
OCI, net of tax	1,158			(3		)	70			(13		)	17			1,229
Ending balance	$	2,437		$	(10	)	$	200		$	(68	)	$	(1,659	)	$	900

Reclassifications of AOCI
	Three Months Ended June 30, 2016			Six Months Ended June 30, 2016			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	92		$	51		Net realized capital gains (losses)
	92			51			Income before income taxes
	32			18			Income tax expense (benefit)
	$	60		$	33		Net income
OTTI Losses in OCI
Other than temporary impairments	$	(3	)	$	(4	)	Net realized capital gains (losses)
	(3		)	(4		)	Income (loss) before income taxes
	(1		)	(1		)	Income tax expense (benefit)
	$	(2	)	$	(3	)	Net income (loss)
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	2		$	7		Net realized capital gains (losses)
Interest rate swaps	15			30			Net investment income
Foreign currency swaps	(2		)	2			Net realized capital gains (losses)
	15			39			Income before income taxes
	5			14			Income tax expense (benefit)
	$	10		$	25		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	1		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(14		)	(29		)	Insurance operating costs and other expenses
	(13		)	(26		)	Income (loss) before income taxes
	(5		)	(9		)	Income tax expense (benefit)
	$	(8	)	$	(17	)	Net income (loss)
Total amounts reclassified from AOCI	$	60		$	38		Net income

XML

Employee Benefit Plans Level 1 (Notes)

6 Months Ended

Jun. 30, 2017

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

The Company’s employee benefit plans are described in Note 18 - Employee Benefit Plans of Notes to Consolidated Financial Statements included in The Hartford’s 2016 Annual Report on Form 10-K.

On June 30, 2017, the Company transferred invested assets and cash from pension plan assets to purchase a group annuity contract that transferred approximately $1.6 billion of the Company’s outstanding pension benefit obligations related to certain U.S. retirees; terminated vested participants; and beneficiaries. As a result of this transaction, in the second quarter of 2017, the Company recognized a pre-tax settlement charge of $750 ($488 after-tax) and a reduction to shareholders' equity of $144. In connection with this transaction, the Company expects to make a contribution of approximately $300 to the U.S. qualified pension plan by year-end 2017 in order to maintain the plan's pre-transaction funded status.

Beginning with the first quarter of 2017, the Company adopted the full yield curve approach in the estimation of the interest cost component of net periodic benefit costs for its qualified and non-qualified pension plans and the postretirement benefit plan. The full yield curve approach applies the specific spot rates along the yield curve that are used in its determination of the projected benefit obligation at the beginning of the year. The change has been made to provide a better estimate of the interest cost component of net periodic benefit cost by better aligning projected benefit cash flows with corresponding spot rates on the yield curve rather than using a single weighted average discount rate derived from the yield curve as had been done historically.

This change does not affect the measurement of the Company's total benefit obligations as the change in the interest cost in net income is completely offset in the actuarial (gain) loss reported for the period in other comprehensive income. The change reduced the before tax interest cost component of net periodic benefit cost by $9 and $18 for the three and six months ended June 30, 2017, respectively. The discount rate being used to measure interest cost during 2017 is 3.58%, 3.55% and 3.13% for the qualified pension plan, non-qualified pension plan and postretirement benefit plan, respectively. Under the Company's historical estimation approach, the weighted average discount rate for the interest cost component would have been 4.22%, 4.19% and 3.97% for the qualified pension plan, non-qualified pension plan and postretirement benefit plan, respectively. The Company accounted for the change in estimation approach as a change in estimate, and accordingly, is recognizing the effect prospectively beginning in 2017.

Components of Net Periodic Cost (Benefit)
	Pension Benefits						Other Postretirement Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2017			2016			2017			2016
Service cost	$	1		$	1		$	—		$	—
Interest cost	49			59			2			3
Expected return on plan assets	(80		)	(76		)	(2		)	(3		)
Amortization of prior service credit	—			—			(2		)	(1		)
Amortization of actuarial loss	15			13			1			1
Settlements	750			—			—			—
Net periodic cost (benefit)	$	735		$	(3	)	$	(1	)	$	—

Components of Net Periodic Cost (Benefit)
	Pension Benefits						Other Postretirement Benefits
	Six months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
Service cost	$	2		$	1		$	—		$	—
Interest cost	98			118			4			6
Expected return on plan assets	(159		)	(153		)	(4		)	(5		)
Amortization of prior service credit	—			—			(3		)	(3		)
Amortization of actuarial loss	30			27			2			2
Settlements	750			—			—			—
Net periodic cost (benefit)	$	721		$	(7	)	$	(1	)	$	—

XML

Basis of Presentation and Accounting Policies Level 2 (Policies)

6 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Basis of Presentation

The Hartford Financial Services Group, Inc. is a holding company for insurance and financial services subsidiaries that provide property and casualty insurance, group life and disability products and mutual funds and exchange-traded products to individual and business customers in the United States (collectively, “The Hartford”, the “Company”, “we” or “our”). Also, the Company continues to run off life and annuity products previously sold.

On May 10, 2017, the Company completed the sale of its United Kingdom ("U.K.") property and casualty run-off subsidiaries. For discussion of this transaction, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements.

The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, which differ materially from the accounting practices prescribed by various insurance regulatory authorities. These Condensed Consolidated Financial Statements and Notes should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company's 2016 Form 10-K Annual Report. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year.

The accompanying Condensed Consolidated Financial Statements and Notes are unaudited. These financial statements reflect all adjustments (generally consisting only of normal accruals) which are, in the opinion of management, necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods. The Company's significant accounting policies are summarized in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements included in the Company's 2016 Form 10-K Annual Report.

Consolidation

Consolidation

The Condensed Consolidated Financial Statements include the accounts of The Hartford Financial Services Group, Inc., and entities in which the Company directly or indirectly has a controlling financial interest. Entities in which the Company has significant influence over the operating and financing decisions but does not control are reported using the equity method. All intercompany transactions and balances between The Hartford and its subsidiaries and affiliates have been eliminated.

Use of Estimates

Use of Estimates

The preparation of financial statements, in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The most significant estimates include those used in determining property and casualty and group long-term disability (LTD) insurance product reserves, net of reinsurance; estimated gross profits used in the valuation and amortization of assets and liabilities associated with variable annuity and other universal life-type contracts; living benefits required to be fair valued; evaluation of goodwill for impairment; valuation of investments and derivative instruments, including evaluation of other-than-temporary impairments on available-for-sale securities; valuation allowance on deferred tax assets; and contingencies relating to corporate litigation and regulatory matters. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets could have a material impact on the Condensed Consolidated Financial Statements.

Reclassification, Policy

Reclassifications

Certain reclassifications have been made to prior year financial information to conform to the current year presentation. In particular, billing installment fees that were previously reflected as an offset to insurance operating costs and other expenses are now classified as revenues.

Adoption of New Accounting Standards

Adoption of New Accounting Standards

Stock Compensation

On January 1, 2017 the Company adopted new stock compensation guidance issued by the Financial Accounting Standards Board ("FASB") on a prospective basis. The updated guidance requires the excess tax benefit or tax deficiency on vesting or settlement of stock-based awards to be recognized in earnings as an income tax benefit or expense, respectively, instead of as an adjustment to additional paid-in capital. The new guidance also requires the related cash flows to be presented in operating activities instead of in financing activities. The amount of excess tax benefit or tax deficiency realized on vesting or settlement of awards depends upon the difference between the market value of awards at vesting or settlement and the grant date fair value recognized through compensation expense. The excess tax benefit or tax deficiency is a discrete item in the reporting period in which it occurs and is not considered in determining the annual estimated effective tax rate for interim reporting

XML

Fair Value Measurements Level 2 (Policies)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments, Policy [Policy Text Block]

Level 1 Fair values based primarily on unadjusted quoted prices for identical assets or liabilities, in active markets that the Company has the ability to access at the measurement date.

Level 2 Fair values primarily based on observable inputs, other than quoted prices included in Level 1, or based on prices for similar assets and liabilities.

Level 3 Fair values derived when one or more of the significant inputs are unobservable (including assumptions about risk). With little or no observable market, the determination of fair values uses considerable judgment and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. Also included are securities that are traded within illiquid markets and/or priced by independent brokers.

The Company will classify the financial asset or liability by level based upon the lowest level input that is significant to the determination of the fair value. In most cases, both observable inputs (e.g., changes in interest rates) and unobservable inputs (e.g., changes in risk assumptions) are used to determine fair values that the Company has classified within Level 3.

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of June 30, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
Asset-backed-securities ("ABS")	$	2,354		$	—	$	2,258		$	96
Collateralized debt obligations ("CDOs")	2,457			—		2,118			339
Commercial mortgage-backed securities ("CMBS")	5,173			—		5,075			98
Corporate	26,044			—		24,908			1,136
Foreign government/government agencies	1,297			—		1,268			29
Bonds of municipalities and political subdivisions ("municipal bonds")	12,284			—		12,198			86
Residential mortgage-backed securities ("RMBS")	4,219			—		2,208			2,011
U.S. Treasuries	4,006			463		3,543			—
Total fixed maturities	57,834			463		53,576			3,795
Fixed maturities, FVO	146			—		146			—
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,055			789		168			98
Derivative assets
Credit derivatives	8			—		8			—
Equity derivatives	2			—		1			1
Interest rate derivatives	2			—		2			—
GMWB hedging instruments	45			—		—			45
Macro hedge program	94			—		8			86
Total derivative assets [2]	151			—		19			132
Short-term investments	4,716			1,916		2,800			—
Reinsurance recoverable for GMWB	57			—		—			57
Modified coinsurance reinsurance contracts	58			—		58			—
Separate account assets [3]	112,559			73,019		38,466			192
Total assets accounted for at fair value on a recurring basis	$	176,587		$	76,198	$	95,233		$	4,274
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(134	)	$	—	$	—		$	(134	)
Equity linked notes	(37		)	—		—			(37		)
Total other policyholder funds and benefits payable	(171		)	—		—			(171		)
Derivative liabilities
Credit derivatives	(6		)	—		(6		)	—
Equity derivatives	38			—		37			1
Foreign exchange derivatives	(267		)	—		(267		)	—
Interest rate derivatives	(488		)	—		(462		)	(26		)
GMWB hedging instruments	40			—		45			(5		)
Macro hedge program	74			—		—			74
Total derivative liabilities [4]	(609		)	—		(653		)	44
Contingent consideration [5]	(27		)	—		—			(27		)
Total liabilities accounted for at fair value on a recurring basis	$	(807	)	$	—	$	(653	)	$	(154	)

The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments. Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations. The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order:

• Quoted prices, unadjusted, for identical assets or liabilities in active markets, which are classified as Level 1.

• Prices from third-party pricing services, which primarily utilize a combination of techniques. These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date. If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate. Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk. Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable. However, some securities that are less liquid or trade less actively are classified as Level 3. Additionally, certain long-dated securities, including certain municipal securities, foreign government/government agency securities, and bank loans, include benchmark interest rate or credit spread assumptions that are not observable in the marketplace and are thus classified as Level 3.

• Internal matrix pricing, which is a valuation process internally developed for private placement securities for which the Company is unable to obtain a price from a third-party pricing service. Internal pricing matrices determine credit spreads that, when combined with risk-free rates, are applied to contractual cash flows to develop a price. The Company develops credit spreads using market based data for public securities adjusted for credit spread differentials between public and private securities, which are obtained from a survey of multiple private placement brokers. The market-based reference credit spread considers the issuer’s financial strength and term to maturity, using an independent public security index and trade information, while the credit spread differential considers the non-public nature of the security. Securities priced using internal matrix pricing are classified as Level 2 because the inputs are observable or can be corroborated with observable data.

• Independent broker quotes, which are typically non-binding and use inputs that can be difficult to corroborate with observable market based data. Brokers may use present value techniques using assumptions specific to the security types, or they may use recent transactions of similar securities. Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3.

The fair value of free-standing derivative instruments are determined primarily using a discounted cash flow model or option model technique and incorporate counterparty credit risk. In some cases, quoted market prices for exchange-traded and OTC-cleared derivatives may be used and in other cases independent broker quotes may be used. The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data. The valuation of certain derivatives may include significant inputs that are unobservable, such as volatility levels, and reflect the Company’s view of what other market participants would use when pricing such instruments. Unobservable market data is used in the valuation of customized derivatives that are used to hedge certain GMWB variable annuity riders. See the section “GMWB Embedded, Customized, and Reinsurance Derivatives” below for further discussion of the valuation model used to value these customized derivatives.

Valuation Controls

The fair value process for investments is monitored by the Valuation Committee, which is a cross-functional group of senior management within the Company that meets at least quarterly. The purpose of the committee is to oversee the pricing policy and procedures, as well as approving changes to valuation methodologies and pricing sources. Controls and procedures used to assess third-party pricing services are reviewed by the Valuation Committee, including the results of annual due-diligence reviews.

There are also two working groups under the Valuation Committee: a Securities Fair Value Working Group (“Securities Working Group”) and a Derivatives Fair Value Working Group ("Derivatives Working Group"). The working groups, which include various investment, operations, accounting and risk management professionals, meet monthly to review market data trends, pricing and trading statistics and results, and any proposed pricing methodology changes.

The Securities Working Group reviews prices received from third parties to ensure that the prices represent a reasonable estimate of the fair value. The group considers trading volume, new issuance activity, market trends, new regulatory rulings and other factors to determine whether the market activity is significantly different than normal activity in an active market. A dedicated pricing unit follows up with trading and investment sector professionals and challenges prices of third-party pricing services when the estimated assumptions used differ from what the unit believes a market participant would use. If the available evidence indicates that pricing from third-party pricing services or broker quotes is based upon transactions that are stale or not from trades made in an orderly market, the Company places little, if any, weight on the third party service’s transaction price and will estimate fair value using an internal process, such as a pricing matrix.

The Derivatives Working Group reviews the inputs, assumptions and methodologies used to ensure that the prices represent a reasonable estimate of the fair value. A dedicated pricing team works directly with investment sector professionals to investigate the impacts of changes in the market environment on prices or valuations of derivatives. New models and any changes to current models are required to have detailed documentation and are validated to a second source. The model validation documentation and results of validation are presented to the Valuation Committee for approval.

The Company conducts other monitoring controls around securities and derivatives pricing including, but not limited to, the following:

• Review of daily price changes over specific thresholds and new trade comparison to third-party pricing services.

• Daily comparison of OTC derivative market valuations to counterparty valuations.

• Review of weekly price changes compared to published bond prices of a corporate bond index.

• Monthly reviews of price changes over thresholds, stale prices, missing prices, and zero prices.

• Monthly validation of prices to a second source for securities in most sectors and for certain derivatives.

In addition, the Company’s enterprise-wide Operational Risk Management function, led by the Chief Risk Officer, is responsible for model risk management and provides an independent review of the suitability and reliability of model inputs, as well as an analysis of significant changes to current models.

Valuation Inputs

Quoted prices for identical assets in active markets are considered Level 1 and consist of on-the-run U.S. Treasuries, money market funds, exchange-traded equity securities, open-ended mutual funds, short-term investments, and exchange traded futures and option contracts.

Valuation Inputs Used in Levels 2 and 3 Measurements for Securities and Freestanding Derivatives
Level 2 Primary Observable Inputs		Level 3 Primary Unobservable Inputs
Fixed Maturity Investments
Structured securities (includes ABS, CDOs CMBS and RMBS)
	• Benchmark yields and spreads • Monthly payment information • Collateral performance, which varies by vintage year and includes delinquency rates, loss severity rates and refinancing assumptions • Credit default swap indices Other inputs for ABS and RMBS: • Estimate of future principal prepayments, derived based on the characteristics of the underlying structure • Prepayment speeds previously experienced at the interest rate levels projected for the collateral		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for less liquid securities or those that trade less actively, including subprime RMBS: • Estimated cash flows • Credit spreads, which include illiquidity premium • Constant prepayment rates • Constant default rates • Loss severity
Corporates
	• Benchmark yields and spreads • Reported trades, bids, offers of the same or similar securities • Issuer spreads and credit default swap curves Other inputs for investment grade privately placed securities that utilize internal matrix pricing: • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve Other inputs for below investment grade privately placed securities: • Independent broker quotes • Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature
U.S Treasuries, Municipals, and Foreign government/government agencies
	• Benchmark yields and spreads • Issuer credit default swap curves • Political events in emerging market economies • Municipal Securities Rulemaking Board reported trades and material event notices • Issuer financial statements		• Independent broker quotes • Credit spreads beyond observable curve • Interest rates beyond observable curve
Equity Securities
	• Quoted prices in markets that are not active		• For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable; or they may be held at cost
Short Term Investments
	• Benchmark yields and spreads • Reported trades, bids, offers • Issuer spreads and credit default swap curves • Material event notices and new issue money market rates		Not applicable
Derivatives
Credit derivatives
	• Swap yield curve • Credit default swap curves		• Independent broker quotes • Yield curves beyond observable limits
Equity derivatives
	• Equity index levels • Swap yield curve		• Independent broker quotes • Equity volatility
Foreign exchange derivatives
	• Swap yield curve • Currency spot and forward rates • Cross currency basis curves		• Independent broker quotes
Interest rate derivatives
	• Swap yield curve		• Independent broker quotes • Interest rate volatility

XML

Investment Holding Level 2 (Policies)

6 Months Ended

Jun. 30, 2017

Schedule of Investments [Abstract]

Investment, Policy [Policy Text Block]

Recognition and Presentation of Other-Than-Temporary Impairments

The Company will record an other-than-temporary impairment (“OTTI”) for fixed maturities and certain equity securities with debt-like characteristics (collectively “debt securities”) if the Company intends to sell or it is more likely than not that the Company will be required to sell the security before a recovery in value. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and amortized cost basis of the security.

The Company will also record an OTTI for those debt securities for which the Company does not expect to recover the entire amortized cost basis. For these securities, the excess of the amortized cost basis over its fair value is separated into the portion representing a credit OTTI, which is recorded in net realized capital losses, and the remaining non-credit amount, which is recorded in OCI. The credit OTTI amount is the excess of its amortized cost basis over the Company’s best estimate of discounted expected future cash flows. The non-credit amount is the excess of the best estimate of the discounted expected future cash flows over the fair value. The Company’s best estimate of discounted expected future cash flows becomes the new cost basis and accretes prospectively into net investment income over the estimated remaining life of the security.

The Company’s best estimate of expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance. The Company's considerations include, but are not limited to, (a) changes in the financial condition of the issuer and the underlying collateral, (b) whether the issuer is current on contractually obligated interest and principal payments, (c) credit ratings, (d) payment structure of the security and (e) the extent to which the fair value has been less than the amortized cost of the security.

For non-structured securities, assumptions include, but are not limited to, economic and industry-specific trends and fundamentals, security-specific developments, industry earnings multiples and the issuer’s ability to restructure and execute asset sales.

For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value ("LTV") ratios, average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines. These assumptions require the use of significant management judgment and include the probability of issuer default and estimates regarding timing and amount of expected recoveries which may include estimating the underlying collateral value.

The Company will also record an OTTI for equity securities where the decline in the fair value is deemed to be other-than-temporary. A corresponding charge is recorded in net realized capital losses equal to the difference between the fair value and cost basis of the security. The previous cost basis less the impairment becomes the new cost basis. The Company’s evaluation and assumptions used to determine an equity OTTI include, but are not limited to, (a) the length of time and extent to which the fair value has been less than the cost of the security, (b) changes in the financial condition, credit rating and near-term prospects of the issuer, (c) whether the issuer is current on preferred stock dividends and (d) the intent and ability of the Company to retain the investment for a period of time sufficient to allow for recovery. For the remaining equity securities which are determined to be temporarily impaired, the Company asserts its intent and ability to retain those equity securities until the price recovers.

Repurchase Agreements, Valuation, Policy [Policy Text Block]

Securities Lending, Repurchase Agreements and Other Collateral Transactions

The Company enters into securities financing transactions as a way to earn additional income or manage liquidity, primarily through securities lending and repurchase agreements.

Securities Lending

Under a securities lending program, the Company lends certain fixed maturities within the corporate, foreign government/government agencies, and municipal sectors as well as equity securities to qualifying third-party borrowers in return for collateral in the form of cash or securities. For domestic and non-domestic loaned securities, respectively, borrowers provide collateral of 102% and 105% of the fair value of the securities lent at the time of the loan. Borrowers will return the securities to the Company for cash or securities collateral at maturity dates generally of 90 days or less. Security collateral on deposit from counterparties in connection with securities lending transactions may not be sold or re-pledged, except in the event of default by the counterparty, and is not reflected on the Company’s Condensed Consolidated Balance Sheets. Additional collateral is obtained if the fair value of the collateral falls below 100% of the fair value of the loaned securities. The agreements provide the counterparty the right to sell or re-pledge the securities loaned. If cash, rather than securities, is received as collateral, the cash is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. Income associated with securities lending transactions is reported as a component of net investment income in the Company’s Condensed Consolidated Statements of Operations.

Repurchase Agreements, Collateral, Policy [Policy Text Block]

Repurchase Agreements

From time to time, the Company enters into repurchase agreements to manage liquidity or to earn incremental income. A repurchase agreement is a transaction in which one party (transferor) agrees to sell securities to another party (transferee) in return for cash (or securities), with a simultaneous agreement to repurchase the same securities at a specified price at a later date. These transactions generally have a contractual maturity of ninety days or less. Repurchase agreements include master netting provisions that provide both counterparties the right to offset claims and apply securities held by them with respect to their obligations in the event of a default. Although the Company has the contractual right to offset claims, the Company's current positions do not meet the specific conditions for net presentation.

Under repurchase agreements, the Company transfers collateral of U.S. government and government agency securities and receives cash. For repurchase agreements, the Company obtains cash in an amount equal to at least 95% of the fair value of the securities transferred. The agreements require additional collateral to be transferred when necessary and provide the counterparty the right to sell or re-pledge the securities transferred. The cash received from the repurchase program is typically invested in short-term investments or fixed maturities and is reported as an asset on the Company's Condensed Consolidated Balance Sheets. The Company accounts for the repurchase agreements as collateralized borrowings. The securities transferred under repurchase agreements are included in fixed maturities, AFS with the obligation to repurchase those securities recorded in other liabilities on the Company's Condensed Consolidated Balance Sheets.

Under reverse repurchase agreements, the Company purchases securities and simultaneously agrees to resell the same or substantially the same securities. The agreements require additional collateral to be transferred to the Company when necessary and the Company has the right to sell or re-pledge the securities received. The Company accounts for reverse repurchase agreements as collateralized financing.

Securities Lending and Repurchase Agreements
	June 30, 2017		December 31, 2016
	Fair Value		Fair Value
Securities Lending Transactions:
Gross amount of securities on loan	$	1,512	$	488
Gross amount of associated liability for collateral received [1]	1,549		500
Repurchase agreements:
Gross amount of recognized liabilities for repurchase agreements	517		241
Gross amount of collateral pledged related to repurchase agreements [2]	527		248
Gross amount of recognized receivables for reverse repurchase agreements [3]	37		—

XML

Derivatives Instruments Level 2 (Policies)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives, Policy [Policy Text Block]

The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as free-standing derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as GMWB riders included with certain variable annuity products.

Derivatives, Methods of Accounting, Hedge Documentation [Policy Text Block]

Strategies that Qualify for Hedge Accounting

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Non-qualifying Strategies

Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include:

Interest Rate Swaps, Swaptions and Futures

The Company uses interest rate swaps, swaptions, and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of June 30, 2017 and December 31, 2016, the notional amount of interest rate swaps in offsetting relationships was $10.2 billion and $10.6 billion, respectively.

Foreign Currency Swaps and Forwards

The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company previously entered into foreign currency forwards to hedge currency impacts on changes in equity of the U.K. property and casualty run-off subsidiaries that were sold in May 2017. For further information on the disposition, see Note 2 - Business Acquisitions and Dispositions of Notes to Consolidated Financial Statements. The Company also previously entered into foreign currency forwards to hedge non-U.S. dollar denominated cash and equity securities.

Fixed Payout Annuity Hedge

The Company has obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company invests in U.S. dollar denominated assets to support the assumed reinsurance liability. The Company has in place pay U.S. dollar, receive yen swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments.

Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward.

Equity Index Swaps and Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. The Company previously entered into total return swaps to hedge equity risk of specific common stock investments which are accounted for using fair value option in order to align the accounting treatment within net realized capital gains (losses). In addition, the Company formerly offered certain equity indexed products that remain in force, a portion of which contain embedded derivatives that require changes in value to be bifurcated from the host contract. The Company uses equity index swaps to economically hedge the equity volatility risk associated with the equity indexed products.

GMWB Derivatives, net

The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer a portion of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as free-standing derivatives with a notional amount equal to the GRB reinsured.

The Company utilizes derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the non-reinsured GMWB riders. The GMWB hedging instruments hedge changes in interest rates, equity market levels, and equity volatility. These derivatives include customized swaps, interest rate swaps and futures, and equity swaps, options and futures, on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.

GMWB Hedging Instruments
	Notional Amount				Fair Value
	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Customized swaps	$	5,102	$	5,191	$	74		$	100
Equity swaps, options, and futures	1,383		1,362		(35		)	(27		)
Interest rate swaps and futures	2,999		3,703		46			21
Total	$	9,484	$	10,256	$	85		$	94

Macro Hedge Program

The Company utilizes equity swaps, options, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and guaranteed minimum death benefit ("GMDB") liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Contingent Capital Facility Put Option

The Company previously entered into a put option agreement that provided the Company the right to require a third-party trust to purchase, at any time, The Hartford’s junior subordinated notes in a maximum aggregate principal amount of $500. On February 8, 2017, The Hartford exercised the put option resulting in the issuance of $500 in junior subordinated notes with proceeds received on February 15, 2017. Under the put option agreement, The Hartford had been paying premiums on a periodic basis and had agreed to reimburse the trust for certain fees and ordinary expenses. For further information on the put option agreement, see the Contingent Capital Facility section within Note 13 - Debt of Notes to Consolidated Financial Statements, included in The Hartford's 2016 Form 10-K Annual Report.

Modified Coinsurance Reinsurance Contracts

As of June 30, 2017, and December 31, 2016, the Company had $889 and $875, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The Company has also elected to offset within assets or liabilities OTC-cleared derivative instruments based on clearing house agreements. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivative fair value reported as liabilities after taking into account the master netting agreements was $780 and $963 as of June 30, 2017, and December 31, 2016, respectively. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements of Notes to the Condensed Consolidated Financial Statements.

XML

Business Dispositions Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Business Acquisition [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Major Classes of Assets and Liabilities Transferred by the Company to the Buyer in Connection with the Sale

	Carrying Value as of
	Closing	December 31, 2016 [2]
Assets
Cash and investments	$669	$657
Reinsurance recoverables and other [1]	268	213
	$937	$870
Liabilities
Reserve for future policy benefits and unpaid losses and loss adjustment expenses	$653	$600
Other liabilities	12	11
	$665	$611

[1] Includes intercompany reinsurance recoverables of $71 settled in cash at closing.

[2] Classified as assets and liabilities held for sale.

XML

Earnings (Loss) Per Common Share Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Computation of Basic and Diluted Earnings (Loss) per Common Share
	Three Months Ended June 30,					Six Months Ended June 30,
(In millions, except for per share data)	2017			2016		2017		2016
Earnings
Net income (loss)	$	(40	)	$	216	$	338	$	539
Shares
Weighted average common shares outstanding, basic	366.0			391.8		368.7		395.2
Dilutive effect of stock compensation plans	—			3.2		4.0		3.6
Dilutive effect of warrants	—			3.6		2.8		3.6
Weighted average common shares outstanding and dilutive potential common shares	366.0			398.6		375.5		402.4
Net income (loss) per common share
Basic	$	(0.11	)	$	0.55	$	0.92	$	1.36
Diluted	$	(0.11	)	$	0.54	$	0.90	$	1.34

XML

Segment Information Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

et Income (Loss)

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Commercial Lines [1]	$	258		$	237		$	489		$	462
Personal Lines [1]	24			(50		)	57			(27		)
Property & Casualty Other Operations	20			(154		)	44			(137		)
Group Benefits	69			55			114			105
Mutual Funds	24			20			47			40
Talcott Resolution	105			104			173			121
Corporate	(540		)	4			(586		)	(25		)
Net income	$	(40	)	$	216		$	338		$	539

[1] For the three and six months ended June 30, 2016 there was a segment change which resulted in a movement from Commercial Lines to Personal Lines of $3 and $6, respectively, of net servicing income associated with our participation in the National Flood Insurance Program.

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Earned premiums and fee income
Commercial Lines
Workers’ compensation	$	820	$	775	$	1,633	$	1,534
Liability	152		148		300		291
Package business	326		314		640		622
Automobile	161		154		322		312
Professional liability	60		55		120		108
Bond	58		54		113		107
Property	152		159		299		318
Total Commercial Lines [1]	1,729		1,659		3,427		3,292
Personal Lines
Automobile	660		687		1,322		1,372
Homeowners	281		299		564		598
Total Personal Lines [1] [2]	941		986		1,886		1,970
Group Benefits
Group disability	379		381		760		750
Group life	394		376		793		751
Other	51		51		106		102
Total Group Benefits	824		808		1,659		1,603
Mutual Funds
Mutual Fund	176		147		343		289
Talcott	25		25		49		50
Total Mutual Funds	201		172		392		339
Talcott Resolution	260		259		518		528
Corporate	1		1		2		2
Total earned premiums and fee income	3,956		3,885		7,884		7,734
Net investment income	715		735		1,443		1,431
Net realized capital gains (losses)	75		53		55		(102		)
Other revenues	23		23		42		43
Total revenues	$	4,769	$	4,696	$	9,424	$	9,106

[1] Commercial Lines includes installment fees of $9 and $19, respectively, for the three and six months ended June 30, 2017 and $9 and $19, respectively, for the three and six months ended June 30, 2016. Personal Lines includes installment fees of $11 and $22, respectively, for the three and six months ended June 30, 2017 and $10 and $19, respectively, for the three and six months ended June 30, 2016.

[2] For the three months endedJune 30, 2017 and 2016, AARP members accounted for earned premiums of $800 and $817, respectively. For the six months ended June 30, 2017 and 2016, AARP members accounted for earned premiums of $1.6 billion and $1.6 billion, respectively.

XML

Fair Value Measurements Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Assets and (liabilities) carried at fair value by hierarchy level

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of June 30, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
Asset-backed-securities ("ABS")	$	2,354		$	—	$	2,258		$	96
Collateralized debt obligations ("CDOs")	2,457			—		2,118			339
Commercial mortgage-backed securities ("CMBS")	5,173			—		5,075			98
Corporate	26,044			—		24,908			1,136
Foreign government/government agencies	1,297			—		1,268			29
Bonds of municipalities and political subdivisions ("municipal bonds")	12,284			—		12,198			86
Residential mortgage-backed securities ("RMBS")	4,219			—		2,208			2,011
U.S. Treasuries	4,006			463		3,543			—
Total fixed maturities	57,834			463		53,576			3,795
Fixed maturities, FVO	146			—		146			—
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,055			789		168			98
Derivative assets
Credit derivatives	8			—		8			—
Equity derivatives	2			—		1			1
Interest rate derivatives	2			—		2			—
GMWB hedging instruments	45			—		—			45
Macro hedge program	94			—		8			86
Total derivative assets [2]	151			—		19			132
Short-term investments	4,716			1,916		2,800			—
Reinsurance recoverable for GMWB	57			—		—			57
Modified coinsurance reinsurance contracts	58			—		58			—
Separate account assets [3]	112,559			73,019		38,466			192
Total assets accounted for at fair value on a recurring basis	$	176,587		$	76,198	$	95,233		$	4,274
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(134	)	$	—	$	—		$	(134	)
Equity linked notes	(37		)	—		—			(37		)
Total other policyholder funds and benefits payable	(171		)	—		—			(171		)
Derivative liabilities
Credit derivatives	(6		)	—		(6		)	—
Equity derivatives	38			—		37			1
Foreign exchange derivatives	(267		)	—		(267		)	—
Interest rate derivatives	(488		)	—		(462		)	(26		)
GMWB hedging instruments	40			—		45			(5		)
Macro hedge program	74			—		—			74
Total derivative liabilities [4]	(609		)	—		(653		)	44
Contingent consideration [5]	(27		)	—		—			(27		)
Total liabilities accounted for at fair value on a recurring basis	$	(807	)	$	—	$	(653	)	$	(154	)

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of December 31, 2016
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS	$	2,382		$	—	$	2,300		$	82
CDOs	1,916			—		1,502			414
CMBS	4,936			—		4,856			80
Corporate	25,666			—		24,586			1,080
Foreign government/government agencies	1,171			—		1,107			64
Municipal bonds	11,486			—		11,368			118
RMBS	4,767			—		2,795			1,972
U.S. Treasuries	3,679			620		3,059			—
Total fixed maturities	56,003			620		51,573			3,810
Fixed maturities, FVO	293			1		281			11
Equity securities, trading [1]	11			11		—			—
Equity securities, AFS	1,097			821		177			99
Derivative assets
Credit derivatives	17			—		17			—
Foreign exchange derivatives	27			—		27			—
Interest rate derivatives	(427		)	—		(427		)	—
GMWB hedging instruments	74			—		14			60
Macro hedge program	128			—		8			120
Other derivative contracts	1			—		—			1
Total derivative assets [2]	(180		)	—		(361		)	181
Short-term investments	3,244			878		2,366			—
Reinsurance recoverable for GMWB	73			—		—			73
Modified coinsurance reinsurance contracts	68			—		68			—
Separate account assets [3]	111,634			71,606		38,856			201
Total assets accounted for at fair value on a recurring basis	$	172,243		$	73,937	$	92,960		$	4,375
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
GMWB embedded derivative	$	(241	)	$	—	$	—		$	(241	)
Equity linked notes	(33		)	—		—			(33		)
Total other policyholder funds and benefits payable	(274		)	—		—			(274		)
Derivative liabilities
Credit derivatives	(13		)	—		(13		)	—
Equity derivatives	33			—		33			—
Foreign exchange derivatives	(237		)	—		(237		)	—
Interest rate derivatives	(542		)	—		(521		)	(21		)
GMWB hedging instruments	20			—		(1		)	21
Macro hedge program	50			—		3			47
Total derivative liabilities [4]	(689		)	—		(736		)	47
Contingent consideration [5]	(25		)	—		—			(25		)
Total liabilities accounted for at fair value on a recurring basis	$	(988	)	$	—	$	(736	)	$	(252	)

[1] Included in other investments on the Condensed Consolidated Balance Sheets.

[2] Includes OTC and OTC-cleared derivative instruments in a net positive fair value position after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements, clearing house rules and applicable law. See footnote 4 to this table for derivative liabilities.

[3] Approximately $4.2 billion and $4.0 billion of investment sales receivable, as of June 30, 2017, and December 31, 2016, respectively, are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Included in the total fair value amount are $882 and $1.0 billion of investments, as of June 30, 2017 and December 31, 2016, for which the fair value is estimated using the net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy.

[4] Includes OTC and OTC-cleared derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements, which may be imposed by agreements, clearing house rules and applicable law.

[5] For additional information see the Contingent Consideration section below.

Information about significant unobservable inputs used in Level 3 assets measured at fair value

Significant Unobservable Inputs for Level 3 - Freestanding Derivatives
	Fair Value			Predominant Valuation  Technique	Significant Unobservable Input	Minimum		Maximum		Impact of  Increase in Input on  Fair Value [1]
As of June 30, 2017
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3	%	3	%	Decrease
Interest rate swaptions [2]	3			Option model	Interest rate volatility	2	%	2	%	Increase
GMWB hedging instruments
Equity variance swaps	(39		)	Option model	Equity volatility	16	%	20	%	Increase
Equity options	6			Option model	Equity volatility	26	%	28	%	Increase
Customized swaps	73			Discounted cash flows	Equity volatility	9	%	30	%	Increase
Macro hedge program [3]
Equity options	171			Option model	Equity volatility	15	%	26	%	Increase
As of December 31, 2016
Interest rate derivatives
Interest rate swaps	$	(29	)	Discounted cash flows	Swap curve beyond 30 years	3	%	3	%	Decrease
Interest rate swaptions [2]	8			Option model	Interest rate volatility	2	%	2	%	Increase
GMWB hedging instruments
Equity variance swaps	(36		)	Option model	Equity volatility	20	%	23	%	Increase
Equity options	17			Option model	Equity volatility	27	%	30	%	Increase
Customized swaps	100			Discounted cash flows	Equity volatility	12	%	30	%	Increase
Macro hedge program [3]
Equity options	188			Option model	Equity volatility	17	%	28	%	Increase

[1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table. Changes are based on long positions, unless otherwise noted. Changes in fair value will be inversely impacted for short positions.

[2] The swaptions presented are purchased options that have the right to enter into a pay-fixed swap.

[3] Excludes derivatives for which the Company bases fair value on broker quotations

Significant Unobservable Inputs for Level 3 - Securities
Assets accounted for at fair value on a recurring basis	Fair Value		Predominant Valuation Technique	Significant Unobservable Input	Minimum	Maximum	Weighted Average [1]	Impact of Increase in Input on Fair Value [2]
As of June 30, 2017
CMBS [3]	$	51	Discounted cash flows	Spread (encompasses prepayment, default risk and loss severity)	9 bps	1,816 bps	466 bps	Decrease
Corporate [4]	489		Discounted cash flows	Spread	108 bps	944 bps	303 bps	Decrease
Municipal [3]	70		Discounted cash flows	Spread	166 bps	222 bps	183 bps	Decrease
RMBS [3]	2,002		Discounted cash flows	Spread	40 bps	624 bps	126 bps	Decrease
				Constant prepayment rate	—%	14%	5%	Decrease [5]
				Constant default rate	2%	10%	5%	Decrease
				Loss severity	—%	100%	71%	Decrease
As of December 31, 2016
CMBS [3]	$	52	Discounted cash flows	Spread (encompasses prepayment, default risk and loss severity)	10 bps	1,273 bps	366 bps	Decrease
Corporate [4]	510		Discounted cash flows	Spread	122 bps	1,302 bps	359 bps	Decrease
Municipal [3]	101		Discounted cash flows	Spread	135 bps	286 bps	221 bps	Decrease
RMBS [3]	1,963		Discounted cash flows	Spread	16 bps	1,830 bps	192 bps	Decrease
				Constant prepayment rate	—%	20%	4%	Decrease [5]
				Constant default rate	—%	11%	5%	Decrease
				Loss severity	—%	100%	75%	Decrease

[1] The weighted average is determined based on the fair value of the securities.

[2] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.

[3] Excludes securities for which the Company based fair value on broker quotations.

[4] Excludes securities for which the Company bases fair value on broker quotations; however, included are broker priced lower-rated private placement securities for which the Company receives spread and yield information to corroborate the fair value.

[5] Decrease for above market rate coupons and increase for below market rate coupons.

Significant Unobservable Inputs for Level 3 GMWB Embedded Customized and Reinsurance Derivatives
As of June 30, 2017
Significant Unobservable Input	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	9%	30%	Increase
As of December 31, 2016
Significant Unobservable Input	Unobservable Inputs (Minimum)	Unobservable Inputs (Maximum)	Impact of Increase in Input on Fair Value Measurement [1]
Withdrawal Utilization [2]	15%	100%	Increase
Withdrawal Rates [3]	—%	8%	Increase
Lapse Rates [4]	—%	40%	Decrease
Reset Elections [5]	20%	75%	Increase
Equity Volatility [6]	12%	30%	Increase

[1] Conversely, the impact of a decrease in input would have the opposite impact to the fair value as that presented in the table.

[2] Range represents assumed cumulative percentages of policyholders taking withdrawals.

[3] Range represents assumed cumulative annual amount withdrawn by policyholders.

[4] Range represents assumed annual percentages of full surrender of the underlying variable annuity contracts across all policy durations for in force business.

[5] Range represents assumed cumulative percentages of policyholders that would elect to reset their guaranteed benefit base.

[6] Range represents implied market volatilities for equity indices based on multiple pricing sources.

Roll-forward of Financial Instruments Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The Company uses derivative instruments to manage the risk associated with certain assets and liabilities. However, the derivative instrument may not be classified with the same fair value hierarchy level as the associated asset or liability. Therefore, the realized and unrealized gains and losses on derivatives reported in the Level 3 roll-forward may be offset by realized and unrealized gains and losses of the associated assets and liabilities in other line items of the financial statements.

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Three Months Ended June 30, 2017
					Total realized/unrealized gains (losses)
		Fair value as of March 31, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2017
Assets
Fixed Maturities, AFS
	ABS	$	125		$	—		$	—		$	25	$	(1	)	$	—		$	—	$	(53	)	$	96
	CDOs	319			—			(5		)	300		(207		)	—			—		(68		)	339
	CMBS	117			—			1			19		(3		)	—			—		(36		)	98
	Corporate	1,078			(12		)	14			46		(4		)	(30		)	52		(8		)	1,136
	Foreign Govt./Govt. Agencies	66			—			—			6		(1		)	(2		)	—		(40		)	29
	Municipal	117			4			(1		)	—		—			(34		)	—		—			86
	RMBS	2,048			—			27			50		(114		)	—			—		—			2,011
Total Fixed Maturities, AFS		3,870			(8		)	36			446		(330		)	(66		)	52		(205		)	3,795
Equity Securities, AFS		99			—			(1		)	—		—			—			—		—			98
Freestanding Derivatives, net [5]
	Equity	4			(2		)	—			—		—			—			—		—			2
	Interest rate	(24		)	(2		)	—			—		—			—			—		—			(26		)
	GMWB hedging instruments	46			(6		)	—			—		—			—			—		—			40
	Macro hedge program	159			1			—			—		—			—			—		—			160
	Other contracts	—			—			—			—		—			—			—		—			—
Total Freestanding Derivatives, net [5]		185			(9		)	—			—		—			—			—		—			176
Reinsurance Recoverable for GMWB		60			(7		)	—			—		4			—			—		—			57
Separate Accounts		277			2			—			13		(2		)	(34		)	7		(71		)	192
Total Assets		$	4,491		$	(22	)	$	35		$	459	$	(328	)	$	(100	)	$	59	$	(276	)	$	4,318
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(157	)	$	40		$	—		$	—	$	(17	)	$	—		$	—	$	—		$	(134	)
	Equity Linked Notes	(36		)	(1		)	—			—		—			—			—		—			(37		)
Total Other Policyholder Funds and Benefits Payable		(193		)	39			—			—		(17		)	—			—		—			(171		)
Contingent Consideration [7]		(26		)	(1		)	—			—		—			—			—		—			(27		)
Total Liabilities		$	(219	)	$	38		$	—		$	—	$	(17	)	$	—		$	—	$	—		$	(198	)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Six Months Ended June 30, 2017
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2017			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2017
Assets
Fixed Maturities, AFS
	ABS	$	82		$	—		$	—		$	70	$	(6	)	$	—		$	26	$	(76	)	$	96
	CDOs	414			—			(1		)	300		(208		)	—			—		(166		)	339
	CMBS	80			(1		)	1			75		(6		)	—			—		(51		)	98
	Corporate	1,080			(6		)	30			215		(40		)	(190		)	92		(45		)	1,136
	Foreign Govt./Govt. Agencies	64			—			3			6		(2		)	(2		)	—		(40		)	29
	Municipal	118			4			4			—		—			(40		)	—		—			86
	RMBS	1,972			—			33			223		(210		)	(7		)	—		—			2,011
Total Fixed Maturities, AFS		3,810			(3		)	70			889		(472		)	(239		)	118		(378		)	3,795
Fixed Maturities, FVO		11			—			—			4		(2		)	(13		)	—		—			—
Equity Securities, AFS		99			—			(5		)	4		—			—			—		—			98
Freestanding Derivatives, net [5]
	Equity	—			(3		)	—			5		—			—			—		—			2
	Interest rate	(21		)	(5		)	—			—		—			—			—		—			(26		)
	GMWB hedging instruments	81			(41		)	—			—		—			—			—		—			40
	Macro hedge program	167			(7		)	—			—		—			—			—		—			160
	Other contracts	1			(1		)	—			—		—			—			—		—			—
Total Freestanding Derivatives, net [5]		228			(57		)	—			5		—			—			—		—			176
Reinsurance Recoverable for GMWB		73			(23		)	—			—		7			—			—		—			57
Separate Accounts		201			3			2			111		(7		)	(42		)	10		(86		)	192
Total Assets		$	4,422		$	(80	)	$	67		$	1,013	$	(474	)	$	(294	)	$	128	$	(464	)	$	4,318
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(241	)	$	140		$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(134	)
	Equity Linked Notes	(33		)	(4		)	—			—		—			—			—		—			(37		)
Total Other Policyholder Funds and Benefits Payable		(274		)	136			—			—		(33		)	—			—		—			(171		)
Contingent Consideration [7]		(25		)	(2		)	—			—		—			—			—		—			(27		)
Total Liabilities		$	(299	)	$	134		$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(198	)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Three Months Ended June 30, 2016
					Total realized/unrealized gains (losses)
		Fair value as of March 31, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2016
Assets
Fixed Maturities, AFS
	ABS	$	32		$	—		$	—		$	—	$	(4	)	$	—		$	13	$	—		$	41
	CDOs	542			(1		)	(2		)	—		(61		)	—			—		—			478
	CMBS	134			—			5			10		(9		)	(3		)	1		(59		)	79
	Corporate	834			(1		)	19			37		(50		)	(66		)	455		(92		)	1,136
	Foreign Govt./Govt. Agencies	76			1			4			1		(1		)	(9		)	—		—			72
	Municipal	50			—			4			20		—			—			16		—			90
	RMBS	1,886			—			10			97		(101		)	—			3		(22		)	1,873
Total Fixed Maturities, AFS		3,554			(1		)	40			165		(226		)	(78		)	488		(173		)	3,769
Fixed Maturities, FVO		14			1			—			1		(1		)	(3		)	—		(6		)	6
Equity Securities, AFS		92			1			5			2		—			(3		)	—		—			97
Freestanding Derivatives, net [5]
	Equity	5			(4		)	—			—		—			—			—		—			1
	Interest rate	(28		)	(4		)	—			—		—			—			—		—			(32		)
	GMWB hedging instruments	144			15			—			—		—			—			—		6			165
	Macro hedge program	145			(4		)	—			—		—			—			—		—			141
	Other contracts	5			(1		)	—			—		—			—			—		—			4
Total Freestanding Derivatives, net [5]		271			2			—			—		—			—			—		6			279
Reinsurance Recoverable for GMWB		99			3			—			—		4			—			—		—			106
Separate Accounts		154			—			3			22		(3		)	(6		)	3		(2		)	171
Total Assets		$	4,184		$	6		$	48		$	190	$	(226	)	$	(90	)	$	491	$	(175	)	$	4,428
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(361	)	$	(35	)	$	—		$	—	$	(16	)	$	—		$	—	$	—		$	(412	)
	Equity Linked Notes	(25		)	(3		)	—			—		—			—			—		—			(28		)
Total Other Policyholder Funds and Benefits Payable		(386		)	(38		)	—			—		(16		)	—			—		—			(440		)
Total Liabilities		$	(386	)	$	(38	)	$	—		$	—	$	(16	)	$	—		$	—	$	—		$	(440	)

Fair Value Roll-forwards for Financial Instruments Classified as Level 3 for the Six Months Ended June 30, 2016
					Total realized/unrealized gains (losses)
		Fair value as of January 1, 2016			Included in net income [1] [2] [6]			Included in OCI [3]			Purchases [8]		Settlements			Sales			Transfers into Level 3 [4]		Transfers out of Level 3 [4]			Fair value as of June 30, 2016
Assets
Fixed Maturities, AFS
	ABS	$	37		$	—		$	—		$	—	$	(7	)	$	—		$	18	$	(7	)	$	41
	CDOs	541			(1		)	(2		)	—		(60		)	—			—		—			478
	CMBS	150			(1		)	(3		)	50		(18		)	(3		)	1		(97		)	79
	Corporate	854			(14		)	12			67		(55		)	(91		)	513		(150		)	1,136
	Foreign Govt./Govt. Agencies	60			1			9			15		(2		)	(11		)	—		—			72
	Municipal	49			—			5			20		—			—			16		—			90
	RMBS	1,622			—			(4		)	430		(158		)	—			5		(22		)	1,873
Total Fixed Maturities, AFS		3,313			(15		)	17			582		(300		)	(105		)	553		(276		)	3,769
Fixed Maturities, FVO		16			(1		)	—			6		(2		)	(3		)	—		(10		)	6
Equity Securities, AFS		93			—			7			2		—			(5		)	—		—			97
Freestanding Derivatives, net [5]
	Equity	—			(15		)	—			16		—			—			—		—			1
	Interest rate	(22		)	(10		)	—			—		—			—			—		—			(32		)
	GMWB hedging instruments	135			24			—			—		—			—			—		6			165
	Macro hedge program	147			(4		)	—			—		(2		)	—			—		—			141
	Other contracts	7			(3		)	—			—		—			—			—		—			4
Total Freestanding Derivatives, net [5]		267			(8		)	—			16		(2		)	—			—		6			279
Reinsurance Recoverable for GMWB		83			16			—			—		7			—			—		—			106
Separate Accounts		139			—			7			61		(9		)	(16		)	6		(17		)	171
Total Assets		$	3,911		$	(8	)	$	31		$	667	$	(306	)	$	(129	)	$	559	$	(297	)	$	4,428
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	(262	)	$	(117	)	$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(412	)
	Equity Linked Notes	(26		)	(2		)	—			—		—			—			—		—			(28		)
Total Other Policyholder Funds and Benefits Payable		(288		)	(119		)	—			—		(33		)	—			—		—			(440		)
Total Liabilities		$	(288	)	$	(119	)	$	—		$	—	$	(33	)	$	—		$	—	$	—		$	(440	)

[1] The Company classifies realized and unrealized gains (losses) on GMWB reinsurance derivatives and GMWB embedded derivatives as unrealized gains (losses) for purposes of disclosure in this table because it is impracticable to track on a contract-by-contract basis the realized gains (losses) for these derivatives and embedded derivatives.

[2] Amounts in these rows are generally reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.

[3] All amounts are before income taxes and amortization of DAC.

[4] Transfers in and/or (out) of Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.

[5] Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Condensed Consolidated Balance Sheets in other investments and other liabilities.

[6] Includes both market and non-market impacts in deriving realized and unrealized gains (losses).

[7] For additional information, see the Contingent Consideration section of Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

[8] Includes issuance of contingent consideration associated with the Lattice acquisition, see Note 2 - Business Disposition of Notes to Condensed Consolidated Financial Statements for additional discussion.

Changes in Unrealized Gains (Losses) Included in Net Income for Financial Instruments Classified as Level 3 Still Held at End of Period
		Three months ended June 30,						Six months ended June 30,
		2017 [1] [2]			2016 [1] [2]			2017 [1] [2]			2016 [1] [2]
Assets
Fixed Maturities, AFS
	CMBS	$	—		$	—		$	(1	)	$	(1	)
	Corporate	(12		)	(1		)	(12		)	(1		)
Total Fixed Maturities, AFS		(12		)	(1		)	(13		)	(2		)
Fixed Maturities, FVO		—			—			—			(1		)
Freestanding Derivatives, net
	Equity	(2		)	(4		)	(2		)	(15		)
	Interest rate	(2		)	(4		)	(2		)	(10		)
	GMWB hedging instruments	(6		)	15			(42		)	24
	Macro hedge program	2			(4		)	(6		)	(4		)
	Other Contracts	—			(1		)	—			(3		)
Total Freestanding Derivatives, net		(8		)	2			(52		)	(8		)
Reinsurance Recoverable for GMWB		(7		)	3			(23		)	16
Separate Accounts		—			—			1			—
Total Assets		$	(27	)	$	4		$	(87	)	$	5
Liabilities
Other Policyholder Funds and Benefits Payable
	Guaranteed Withdrawal Benefits	$	40		$	(35	)	$	140		$	(117	)
	Equity Linked Notes	(1		)	(3		)	(4		)	(2		)
Total Other Policyholder Funds and Benefits Payable		39			(38		)	136			(119		)
Contingent Consideration [3]		(1		)	—			(2		)	—
Total Liabilities		$	38		$	(38	)	$	134		$	(119	)

[1] All amounts in these rows are reported in net realized capital gains (losses). The realized/unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on net income for the Company. All amounts are before income taxes and amortization of DAC.

[2] Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein.

[3] For additional information, see the Contingent Consideration section of Note 5 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements.

Fair value of assets and liabilities accounted for using the fair value option

Changes in Fair Value of Assets using Fair Value Option
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017			2016
Assets
Fixed maturities, FVO
Corporate	$	—	$	—	$	(1	)	$	—
Foreign government	—		—		—			(1		)
RMBS	—		4		1			5
Total fixed maturities, FVO	$	—	$	4	$	—		$	4
Equity, FVO	3		—		2			(34		)
Total realized capital gains (losses)	$	3	$	4	$	2		$	(30	)

Fair value of assets and liabilities accounted for using the fair value option

Fair Value of Assets and Liabilities using the Fair Value Option
	June 30, 2017		December 31, 2016
Assets
Fixed maturities, FVO
ABS	$	—	$	7
CDOs	—		3
CMBS	—		8
Corporate	—		40
U.S government	—		7
RMBS	146		228
Total fixed maturities, FVO	$	146	$	293

Financial Instruments Not Carried at Fair Value

Financial Assets and Liabilities Not Carried at Fair Value
	Fair Value Hierarchy Level	Carrying Amount		Fair Value
June 30, 2017
Assets
Policy loans	Level 3	$	1,433	$	1,433
Mortgage loans	Level 3	5,796		5,871
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,403	$	6,603
Senior notes [2]	Level 2	3,555		4,200
Junior subordinated debentures [2]	Level 2	1,582		1,756
Consumer notes [3] [4]	Level 3	10		10
Assumed investment contracts [3]	Level 3	514		541
December 31, 2016
Assets
Policy loans	Level 3	$	1,444	$	1,444
Mortgage loans	Level 3	5,697		5,721
Liabilities
Other policyholder funds and benefits payable [1]	Level 3	$	6,714	$	6,906
Senior notes [2]	Level 2	3,969		4,487
Junior subordinated debentures [2]	Level 2	1,083		1,246
Consumer notes [3] [4]	Level 3	20		20
Assumed investment contracts [3]	Level 3	487		526

[1] Excludes guarantees on variable annuities, group accident and health and universal life insurance contracts, including corporate owned life insurance.

[2] Included in long-term debt in the Condensed Consolidated Balance Sheets, except for current maturities, which are included in short-term debt.

[3] Excludes amounts carried at fair value and included in preceding disclosures.

[4] Included in other liabilities in the Condensed Consolidated Balance Sheets.

XML

Investment Holding Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Investments [Abstract]

Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]

Mortgage Loans

Mortgage Loan Valuation Allowances

Commercial mortgage loans are considered to be impaired when management estimates that, based upon current information and events, it is probable that the Company will be unable to collect amounts due according to the contractual terms of the loan agreement. The Company reviews mortgage loans on a quarterly basis to identify potential credit losses. Among other factors, management reviews current and projected macroeconomic trends, such as unemployment rates and property-specific factors such as rental rates, occupancy levels, LTV ratios and debt service coverage ratios (“DSCR”). In addition, the Company considers historical, current and projected delinquency rates and property values. Estimates of collectibility require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates. In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates.

For mortgage loans that are deemed impaired, a valuation allowance is established for the difference between the carrying amount and estimated fair value. The mortgage loan's estimated fair value is most frequently the Company's share of the fair value of the collateral but may also be the Company’s share of either (a) the present value of the expected future cash flows discounted at the loan’s effective interest rate or (b) the loan’s observable market price. A valuation allowance may be recorded for an individual loan or for a group of loans that have an LTV ratio of 90% or greater, a low DSCR or have other lower credit quality characteristics. Changes in valuation allowances are recorded in net realized capital gains and losses. Interest income on impaired loans is accrued to the extent it is deemed collectible and the borrowers continue to make payments under the original or restructured loan terms. The Company stops accruing interest income on loans when it is probable that the Company will not receive interest and principal payments according to the contractual terms of the loan agreement. The Company resumes accruing interest income when it determines that sufficient collateral exists to satisfy the full amount of the loan principal and interest payments and when it is probable cash will be received in the foreseeable future. Interest income on defaulted loans is recognized when received.

Realized Gain (Loss) on Investments [Table Text Block]

Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Gross gains on sales	$	140		$	124		$	252		$	214
Gross losses on sales	(31		)	(25		)	(106		)	(133		)
Net OTTI losses recognized in earnings	(14		)	(7		)	(15		)	(30		)
Valuation allowances on mortgage loans	2			—			2			—
Results of variable annuity hedge program
GMWB derivatives, net	20			3			38			(14		)
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total results of variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Transactional foreign currency revaluation	13			(87		)	—			(131		)
Non-qualifying foreign currency derivatives	(17		)	82			(6		)	121
Other, net [1]	—			(17		)	14			(95		)
Net realized capital gains (losses)	$	75		$	53		$	55		$	(102	)

[1] Includes non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives, of $(5) and $(23), respectively for the three months ended June 30, 2017 and 2016. For the six months ended June 30, 2017 and 2016, the non-qualifying derivatives, excluding variable annuity hedge program and foreign currency derivatives were $5 and $(60), respectively.

Net realized capital gains and losses from investment sales are reported as a component of revenues and are determined on a specific identification basis. Before tax, net gains (and losses) on sales and impairments previously reported as unrealized gains (or losses) in AOCI were $95 and $131 for the three and six months endedJune 30, 2017, and $92 and $51 for the three and six months endedJune 30, 2016. Proceeds from sales of AFS securities totaled $6.3 billion and $13.0 billion for the three and six months endedJune 30, 2017, and $4.1 billion and $9.0 billion for the three and six months endedJune 30, 2016.

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

Impairments in Earnings by Type
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Credit impairments	$	13	$	5	$	14	$	23
Intent-to-sell impairments	—		1		—		3
Impairments on equity securities	1		1		1		4
Total impairments	$	14	$	7	$	15	$	30

Cumulative Credit Impairments
	Three Months Ended June 30,						Six Months Ended June 30,
(Before tax)	2017			2016			2017			2016
Balance as of beginning of period	$	(260	)	$	(336	)	$	(280	)	$	(324	)
Additions for credit impairments recognized on [1]:
Securities not previously impaired	—			(4		)	(1		)	(21		)
Securities previously impaired	(13		)	(1		)	(13		)	(2		)
Reductions for credit impairments previously recognized on:
Securities that matured or were sold during the period	29			35			41			36
Securities due to an increase in expected cash flows	8			13			17			18
Balance as of end of period	$	(236	)	$	(293	)	$	(236	)	$	(293	)

[1] These additions are included in the net OTTI losses recognized in earnings in the Condensed Consolidated Statements of Operations.

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

Available-for-Sale Securities

AFS Securities by Type
	June 30, 2017												December 31, 2016
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]			Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Non-Credit OTTI [1]
ABS	$	2,350	$	21	$	(17	)	$	2,354	$	—		$	2,396	$	17	$	(31	)	$	2,382	$	—
CDOs	2,427		33		(3		)	2,457		—			1,853		67		(4		)	1,916		—
CMBS	5,085		127		(39		)	5,173		(7		)	4,907		97		(68		)	4,936		(6		)
Corporate	24,307		1,842		(105		)	26,044		—			24,380		1,510		(224		)	25,666		—
Foreign govt./govt. agencies	1,249		56		(8		)	1,297		—			1,164		33		(26		)	1,171		—
Municipal	11,461		852		(29		)	12,284		—			10,825		732		(71		)	11,486		—
RMBS	4,131		95		(7		)	4,219		—			4,738		66		(37		)	4,767		—
U.S. Treasuries	3,790		235		(19		)	4,006		—			3,542		182		(45		)	3,679		—
Total fixed maturities, AFS	$	54,800	$	3,261	$	(227	)	$	57,834	$	(7	)	$	53,805	$	2,704	$	(506	)	$	56,003	$	(6	)
Equity securities, AFS	964		111		(20		)	1,055		—			1,020		96		(19		)	1,097		—
Total AFS securities	$	55,764	$	3,372	$	(247	)	$	58,889	$	(7	)	$	54,825	$	2,800	$	(525	)	$	57,100	$	(6	)

[1] Represents the amount of cumulative non-credit OTTI losses recognized in OCI on securities that also had credit impairments. These losses are included in gross unrealized losses as of June 30, 2017, and December 31, 2016.

Fixed maturities, AFS, by Contractual Maturity Year
	June 30, 2017				December 31, 2016
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	2,113	$	2,132	$	1,896	$	1,912
Over one year through five years	8,954		9,224		9,015		9,289
Over five years through ten years	9,282		9,627		9,038		9,245
Over ten years	20,458		22,648		19,962		21,556
Subtotal	40,807		43,631		39,911		42,002
Mortgage-backed and asset-backed securities	13,993		14,203		13,894		14,001
Total fixed maturities, AFS	$	54,800	$	57,834	$	53,805	$	56,003

Investments Classified by Contractual Maturity Date [Table Text Block]

Fixed maturities, AFS, by Contractual Maturity Year
	June 30, 2017				December 31, 2016
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	2,113	$	2,132	$	1,896	$	1,912
Over one year through five years	8,954		9,224		9,015		9,289
Over five years through ten years	9,282		9,627		9,038		9,245
Over ten years	20,458		22,648		19,962		21,556
Subtotal	40,807		43,631		39,911		42,002
Mortgage-backed and asset-backed securities	13,993		14,203		13,894		14,001
Total fixed maturities, AFS	$	54,800	$	57,834	$	53,805	$	56,003

Estimated maturities may differ from contractual maturities due to security call or prepayment provisions. Due to the potential for variability in payment speeds (i.e. prepayments or extensions), mortgage-backed and asset-backed securities are not categorized by contractual maturity.

Schedule of Unrealized Loss on Investments [Table Text Block]

Unrealized Loss Aging for AFS Securities by Type and Length of Time as of June 30, 2017
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	637	$	636	$	(1	)	$	229	$	213	$	(16	)	$	866	$	849	$	(17	)
CDOs	1,432		1,430		(2		)	184		183		(1		)	1,616		1,613		(3		)
CMBS	1,438		1,412		(26		)	157		144		(13		)	1,595		1,556		(39		)
Corporate	3,442		3,381		(61		)	1,085		1,041		(44		)	4,527		4,422		(105		)
Foreign govt./govt. agencies	270		266		(4		)	53		49		(4		)	323		315		(8		)
Municipal	960		932		(28		)	8		7		(1		)	968		939		(29		)
RMBS	635		630		(5		)	156		154		(2		)	791		784		(7		)
U.S. Treasuries	1,744		1,725		(19		)	—		—		—			1,744		1,725		(19		)
Total fixed maturities, AFS	$	10,558	$	10,412	$	(146	)	$	1,872	$	1,791	$	(81	)	$	12,430	$	12,203	$	(227	)
Equity securities, AFS	190		173		(17		)	25		22		(3		)	215		195		(20		)
Total securities in an unrealized loss position	$	10,748	$	10,585	$	(163	)	$	1,897	$	1,813	$	(84	)	$	12,645	$	12,398	$	(247	)

Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2016
	Less Than 12 Months							12 Months or More							Total
	Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses			Amortized Cost		Fair Value		Unrealized Losses
ABS	$	582	$	579	$	(3	)	$	368	$	340	$	(28	)	$	950	$	919	$	(31	)
CDOs	641		640		(1		)	370		367		(3		)	1,011		1,007		(4		)
CMBS	2,076		2,027		(49		)	293		274		(19		)	2,369		2,301		(68		)
Corporate	5,418		5,248		(170		)	835		781		(54		)	6,253		6,029		(224		)
Foreign govt./govt. agencies	573		550		(23		)	27		24		(3		)	600		574		(26		)
Municipal	1,567		1,498		(69		)	43		41		(2		)	1,610		1,539		(71		)
RMBS	1,655		1,624		(31		)	591		585		(6		)	2,246		2,209		(37		)
U.S. Treasuries	1,432		1,387		(45		)	—		—		—			1,432		1,387		(45		)
Total fixed maturities, AFS	$	13,944	$	13,553	$	(391	)	$	2,527	$	2,412	$	(115	)	$	16,471	$	15,965	$	(506	)
Equity securities, AFS	330		315		(15		)	38		34		(4		)	368		349		(19		)
Total securities in an unrealized loss position	$	14,274	$	13,868	$	(406	)	$	2,565	$	2,446	$	(119	)	$	16,839	$	16,314	$	(525	)

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Mortgage Loans by Property Type
	June 30, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
Commercial
Agricultural	$	4	0.1	%	$	16	0.3	%
Industrial	1,439		24.8	%	1,468		25.7	%
Lodging	25		0.4	%	25		0.4	%
Multifamily	1,504		25.9	%	1,365		24.0	%
Office	1,389		24.0	%	1,361		23.9	%
Retail	1,000		17.3	%	1,036		18.2	%
Other	435		7.5	%	426		7.5	%
Total mortgage loans	$	5,796	100.0	%	$	5,697	100.0	%

Commercial Mortgage Loans Credit Quality
	June 30, 2017			December 31, 2016
Loan-to-value	Carrying Value		Avg. Debt-Service Coverage Ratio	Carrying Value		Avg. Debt-Service Coverage Ratio
Greater than 80%	$	5	1.36x	$	20	0.59x
65% - 80%	416		2.23x	568		2.17x
Less than 65%	5,375		2.73x	5,109		2.78x
Total commercial mortgage loans	$	5,796	2.69x	$	5,697	2.70x

The following table presents the activity within the Company’s valuation allowance for mortgage loans. These loans have been evaluated both individually and collectively for impairment. Loans evaluated collectively for impairment are immaterial.

Valuation Allowance Activity
	2017			2016
Balance, as of January 1	$	(19	)	$	(23	)
(Additions)/Reversals	(1		)	—
Deductions	19			4
Balance, as of June 30	$	(1	)	$	(19	)

Mortgage Loans by Region
	June 30, 2017				December 31, 2016
	Carrying Value		Percent of Total		Carrying Value		Percent of Total
East North Central	$	293	5.1	%	$	293	5.1	%
East South Central	14		0.2	%	14		0.2	%
Middle Atlantic	544		9.4	%	534		9.4	%
Mountain	76		1.3	%	61		1.1	%
New England	388		6.7	%	345		6.1	%
Pacific	1,671		28.8	%	1,609		28.3	%
South Atlantic	1,265		21.8	%	1,198		21.0	%
West North Central	40		0.7	%	40		0.7	%
West South Central	347		6.0	%	338		5.9	%
Other [1]	1,158		20.0	%	1,265		22.2	%
Total mortgage loans	$	5,796	100.0	%	$	5,697	100.0	%

[1] Primarily represents loans collateralized by multiple properties in various regions.

Consolidation, Variable Interest Entity, Policy [Policy Text Block]

Variable Interest Entities

The Company is engaged with various special purpose entities and other entities that are deemed to be VIEs primarily as an investor through normal investment activities but also as an investment manager and previously as a means of accessing capital through a contingent capital facility ("facility").

A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities. The Company performs ongoing qualitative assessments of its VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary. The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE. Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in the Company’s Condensed Consolidated Financial Statements.

Schedule of Variable Interest Entities [Table Text Block]

Consolidated VIEs

As of June 30, 2017, the Company did not hold any securities for which it is the primary beneficiary. As of December 31, 2016, the Company held one CDO for which it was the primary beneficiary. The CDO represented a structured investment vehicle for which the Company had a controlling financial interest. As of December 31, 2016 the Company held total CDO assets of $5 included in cash with an associated liability of $5 included in other liabilities on the Company's Condensed Consolidated Balance Sheets. The Company did not have any additional exposure to loss associated with this investment.

Schedule of Participating Mortgage Loans [Table Text Block]

Valuation Allowance Activity
	2017			2016
Balance, as of January 1	$	(19	)	$	(23	)
(Additions)/Reversals	(1		)	—
Deductions	19			4
Balance, as of June 30	$	(1	)	$	(19	)

XML

Derivatives Instruments Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Derivative [Line Items]

Offsetting Liabilities [Table Text Block]

Offsetting Assets [Table Text Block]

Offsetting Derivative Assets and Liabilities
	(i)			(ii)			(iii) = (i) - (ii)						(iv)				(v) = (iii) - (iv)
							Net Amounts Presented in the Statement of Financial Position							Collateral Disallowed for Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Derivative Assets [1] (Liabilities) [2]			Accrued Interest and Cash Collateral (Received) [3] Pledged [2]				Financial Collateral (Received) Pledged [4]			Net Amount
As of June 30, 2017
Other investments	$	1,162		$	1,085		$	151		$	(74	)		$	41		$	36
Other liabilities	$	(1,620	)	$	(781	)	$	(609	)	$	(230	)		$	(827	)	$	(12	)
As of December 31, 2016
Other investments	$	834		$	670		$	(180	)	$	344			$	103		$	61
Other liabilities	$	(1,703	)	$	(884	)	$	(689	)	$	(130	)		$	(763	)	$	(56	)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Fair Value Hedges

For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivatives as well as the offsetting loss or gain on the hedged items attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the derivative in the same line item as the offsetting loss or gain on the hedged item. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

For the three and six months endedJune 30, 2017, the Company did not hold any fair value hedges. For the three and six months endedJune 30, 2016, the Company recognized in income immaterial gains and (losses) for the ineffective portion of fair value hedges related to the derivative instrument and the hedged item.

Derivative Instruments, Gain (Loss) [Table Text Block]

For non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized capital gains (losses).

Non-Qualifying Strategies Recognized within Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Variable annuity hedge program
GMWB product derivatives	$	39		$	(30	)	$	140		$	(109	)
GMWB reinsurance contracts	(6		)	1			(24		)	13
GMWB hedging instruments	(13		)	32			(78		)	82
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Foreign exchange contracts
Foreign currency swaps and forwards	(7		)	22			(17		)	25
Fixed payout annuity hedge	(10		)	60			11			96
Total foreign exchange contracts	(17		)	82			(6		)	121
Other non-qualifying derivatives
Interest rate contracts
Interest rate swaps, swaptions, and futures	(1		)	4			6			(20		)
Credit contracts
Credit derivatives that purchase credit protection	41			(2		)	30			(7		)
Credit derivatives that assume credit risk	(33		)	6			(16		)	4
Equity contracts
Equity index swaps and options	(4		)	(5		)	(4		)	13
Other
Contingent capital facility put option	—			(1		)	(1		)	(3		)
Modified coinsurance reinsurance contracts	(8		)	(25		)	(10		)	(47		)
Total other non-qualifying derivatives	(5		)	(23		)	5			(60		)
Total [1]	$	(40	)	$	42		$	(87	)	$	13

[1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements

Disclosure of Credit Derivatives [Table Text Block]

Credit Risk Assumed through Credit Derivatives

The Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The Company will receive periodic payments based on an agreed upon rate and notional amount and will only make a payment if there is a credit event. A credit event payment will typically be equal to the notional value of the swap contract less the value of the referenced security issuer’s debt obligation after the occurrence of the credit event. A credit event is generally defined as a default on contractually obligated interest or principal payments or bankruptcy of the referenced entity. The credit default swaps in which the Company assumes credit risk primarily reference investment grade single corporate issuers and baskets, which include standard diversified portfolios of corporate and CMBS issuers. The diversified portfolios of corporate issuers are established within sector concentration limits and may be divided into tranches that possess different credit ratings.

Credit Derivatives by Type
							Underlying Referenced Credit Obligation(s) [1]
	Notional Amount [2]		Fair Value			Weighted Average Years to Maturity	Type	Average Credit Rating	Offsetting Notional Amount [3]		Offsetting Fair Value [3]
As of June 30, 2017
Single name credit default swaps
Investment grade risk exposure	$	204	$	4		5 years	Corporate Credit/ Foreign Gov.	A-	$	15	$	—
Below investment grade risk exposure	52		—			1 year	Corporate Credit	B-	52		—
Basket credit default swaps [4]
Investment grade risk exposure	2,054		5			4 years	Corporate Credit	BBB+	719		(5		)
Below investment grade risk exposure	50		4			4 years	Corporate Credit	B+	50		—
Investment grade risk exposure	174		(3		)	5 years	CMBS Credit	AA-	44		1
Below investment grade risk exposure	87		(16		)	Less than 1 year	CMBS Credit	CCC	87		15
Total [5]	$	2,621	$	(6	)				$	967	$	11
As of December 31, 2016
Single name credit default swaps
Investment grade risk exposure	$	169	$	—		4 years	Corporate Credit/ Foreign Gov.	A-	$	50	$	—
Below investment grade risk exposure	77		—			1 year	Corporate Credit	B+	77		—
Basket credit default swaps [4]
Investment grade risk exposure	2,065		22			3 years	Corporate Credit	BBB+	1,204		(10		)
Below investment grade risk exposure	50		3			4 years	Corporate Credit	B	50		(3		)
Investment grade risk exposure	297		(5		)	4 years	CMBS Credit	AA	167		1
Below investment grade risk exposure	110		(26		)	1 year	CMBS Credit	CCC	111		26
Embedded credit derivatives
Investment grade risk exposure	200		201			Less than 1 year	Corporate Credit	A+	—		—
Total [5]	$	2,968	$	195					$	1,659	$	14

[1] The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, Fitch and Morningstar. If no rating is available from a rating agency, then an internally developed rating is used.

[2] Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements, clearing house rules and applicable law, which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses.

[3] The Company has entered into offsetting credit default swaps to terminate certain existing credit default swaps, thereby offsetting the future changes in value of, or losses paid related to, the original swap.

[4] Includes $2.4 billion and $2.5 billion as of June 30, 2017, and December 31, 2016, respectively, of notional amount on swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index.

[5] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements

Derivative Instruments and Hedging Activities Disclosure [Text Block]

The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions. Derivative instruments are used to manage risk associated with interest rate, equity market, credit spread, issuer default, price, and currency exchange rate risk or volatility. Replication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies. The Company also may enter into and has previously issued financial instruments and products that either are accounted for as free-standing derivatives, such as certain reinsurance contracts, or as embedded derivative instruments, such as GMWB riders included with certain variable annuity products.

Strategies that Qualify for Hedge Accounting

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Non-qualifying Strategies

Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include:

Interest Rate Swaps, Swaptions and Futures

The Company uses interest rate swaps, swaptions, and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of June 30, 2017 and December 31, 2016, the notional amount of interest rate swaps in offsetting relationships was $10.2 billion and $10.6 billion, respectively.

Foreign Currency Swaps and Forwards

The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company previously entered into foreign currency forwards to hedge currency impacts on changes in equity of the U.K. property and casualty run-off subsidiaries that were sold in May 2017. For further information on the disposition, see Note 2 - Business Acquisitions and Dispositions of Notes to Consolidated Financial Statements. The Company also previously entered into foreign currency forwards to hedge non-U.S. dollar denominated cash and equity securities.

Fixed Payout Annuity Hedge

The Company has obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company invests in U.S. dollar denominated assets to support the assumed reinsurance liability. The Company has in place pay U.S. dollar, receive yen swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments.

Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward.

Equity Index Swaps and Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. The Company previously entered into total return swaps to hedge equity risk of specific common stock investments which are accounted for using fair value option in order to align the accounting treatment within net realized capital gains (losses). In addition, the Company formerly offered certain equity indexed products that remain in force, a portion of which contain embedded derivatives that require changes in value to be bifurcated from the host contract. The Company uses equity index swaps to economically hedge the equity volatility risk associated with the equity indexed products.

GMWB Derivatives, net

The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer a portion of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as free-standing derivatives with a notional amount equal to the GRB reinsured.

The Company utilizes derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the non-reinsured GMWB riders. The GMWB hedging instruments hedge changes in interest rates, equity market levels, and equity volatility. These derivatives include customized swaps, interest rate swaps and futures, and equity swaps, options and futures, on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.

GMWB Hedging Instruments
	Notional Amount				Fair Value
	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Customized swaps	$	5,102	$	5,191	$	74		$	100
Equity swaps, options, and futures	1,383		1,362		(35		)	(27		)
Interest rate swaps and futures	2,999		3,703		46			21
Total	$	9,484	$	10,256	$	85		$	94

Macro Hedge Program

The Company utilizes equity swaps, options, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and guaranteed minimum death benefit ("GMDB") liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Contingent Capital Facility Put Option

The Company previously entered into a put option agreement that provided the Company the right to require a third-party trust to purchase, at any time, The Hartford’s junior subordinated notes in a maximum aggregate principal amount of $500. On February 8, 2017, The Hartford exercised the put option resulting in the issuance of $500 in junior subordinated notes with proceeds received on February 15, 2017. Under the put option agreement, The Hartford had been paying premiums on a periodic basis and had agreed to reimburse the trust for certain fees and ordinary expenses. For further information on the put option agreement, see the Contingent Capital Facility section within Note 13 - Debt of Notes to Consolidated Financial Statements, included in The Hartford's 2016 Form 10-K Annual Report.

Modified Coinsurance Reinsurance Contracts

As of June 30, 2017, and December 31, 2016, the Company had $889 and $875, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The Company has also elected to offset within assets or liabilities OTC-cleared derivative instruments based on clearing house agreements. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivative fair value reported as liabilities after taking into account the master netting agreements was $780 and $963 as of June 30, 2017, and December 31, 2016, respectively. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements of Notes to the Condensed Consolidated Financial Statements.

Derivative Balance Sheet Presentation
	Net Derivatives										Asset Derivatives				Liability Derivatives
	Notional Amount				Fair Value						Fair Value				Fair Value
Hedge Designation/ Derivative Type	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016			Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Cash flow hedges
Interest rate swaps	$	3,873	$	3,440	$	(1	)	$	(79	)	$	82	$	11	$	(83	)	$	(90	)
Foreign currency swaps	299		239		(15		)	(15		)	7		11		(22		)	(26		)
Total cash flow hedges	4,172		3,679		(16		)	(94		)	89		22		(105		)	(116		)
Non-qualifying strategies
Interest rate contracts
Interest rate swaps, swaptions, and futures	10,882		11,743		(485		)	(890		)	643		264		(1,128		)	(1,154		)
Foreign exchange contracts
Foreign currency swaps and forwards	165		1,064		—			68			—		70		—			(2		)
Fixed payout annuity hedge	804		804		(252		)	(263		)	—		—		(252		)	(263		)
Credit contracts
Credit derivatives that purchase credit protection	115		209		(3		)	(4		)	—		—		(3		)	(4		)
Credit derivatives that assume credit risk [1]	1,654		1,309		2			10			29		15		(27		)	(5		)
Credit derivatives in offsetting positions	1,934		3,317		3			(1		)	29		39		(26		)	(40		)
Equity contracts
Equity index swaps and options	321		105		3			—			40		33		(37		)	(33		)
Variable annuity hedge program
GMWB product derivatives [2]	12,178		13,114		(134		)	(241		)	—		—		(134		)	(241		)
GMWB reinsurance contracts	2,527		2,709		57			73			57		73		—			—
GMWB hedging instruments	9,484		10,256		85			94			150		190		(65		)	(96		)
Macro hedge program	6,885		6,532		168			178			182		201		(14		)	(23		)
Other
Contingent capital facility put option	—		500		—			1			—		1		—			—
Modified coinsurance reinsurance contracts	889		875		58			68			58		68		—			—
Total non-qualifying strategies	47,838		52,537		(498		)	(907		)	1,188		954		(1,686		)	(1,861		)
Total cash flow hedges, fair value hedges, and non-qualifying strategies	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)
Balance Sheet Location
Fixed maturities, available-for-sale	$	155	$	322	$	—		$	1		$	—	$	1	$	—		$	—
Other investments	7,534		23,620		151			(180		)	171		377		(20		)	(557		)
Other liabilities	28,677		15,526		(609		)	(689		)	991		457		(1,600		)	(1,146		)
Reinsurance recoverables	3,416		3,584		115			141			115		141		—			—
Other policyholder funds and benefits payable	12,228		13,164		(171		)	(274		)	—		—		(171		)	(274		)
Total derivatives	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)

[1] The derivative instruments related to this strategy are held for other investment purposes.

[2] These derivatives are embedded within liabilities and are not held for risk management purposes.

Offsetting of Derivative Assets/Liabilities

The following tables present the gross fair value amounts, the amounts offset, and net position of derivative instruments eligible for offset in the Company's Condensed Consolidated Balance Sheets. Amounts offset include fair value amounts, income accruals and related cash collateral receivables and payables associated with derivative instruments that are traded under a common master netting agreement, as described in the preceding discussion. Also included in the tables are financial collateral receivables and payables, which are contractually permitted to be offset upon an event of default, although are disallowed for offsetting under U.S. GAAP.

Offsetting Derivative Assets and Liabilities
	(i)			(ii)			(iii) = (i) - (ii)						(iv)				(v) = (iii) - (iv)
							Net Amounts Presented in the Statement of Financial Position							Collateral Disallowed for Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets (Liabilities)			Gross Amounts Offset in the Statement of Financial Position			Derivative Assets [1] (Liabilities) [2]			Accrued Interest and Cash Collateral (Received) [3] Pledged [2]				Financial Collateral (Received) Pledged [4]			Net Amount
As of June 30, 2017
Other investments	$	1,162		$	1,085		$	151		$	(74	)		$	41		$	36
Other liabilities	$	(1,620	)	$	(781	)	$	(609	)	$	(230	)		$	(827	)	$	(12	)
As of December 31, 2016
Other investments	$	834		$	670		$	(180	)	$	344			$	103		$	61
Other liabilities	$	(1,703	)	$	(884	)	$	(689	)	$	(130	)		$	(763	)	$	(56	)

[1] Included in other investments in the Company's Condensed Consolidated Balance Sheets.

[2] Included in other liabilities in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty.

[3] Included in other investments in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty.

[4] Excludes collateral associated with exchange-traded derivative instruments.

Cash Flow Hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge ineffectiveness are recognized in current period earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

Derivatives in Cash Flow Hedging Relationships
	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)
	Three Months Ended June 30,						Six months ended June 30,
	2017			2016			2017		2016
Interest rate swaps	$	21		$	40		$	14	$	146
Foreign currency swaps	(1		)	—			—		1
Total	$	20		$	40		$	14	$	147
	Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)
	Three Months Ended June 30,						Six Months Ended June 30, 2017
	2017			2016			2017		2016
Interest rate swaps
Net realized  capital gain/(loss)	$	—		$	2		$	4	$	7
Net investment income	16			15			32		30
Foreign currency swaps
Net realized  capital gain/(loss)	5			(2		)	6		2
Total	$	21		$	15		$	42	$	39

During the three and six months endedJune 30, 2017, and June 30, 2016, the Company had no ineffectiveness recognized in income within net realized capital gains (losses).

As of June 30, 2017, the before-tax deferred net gains on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $39. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities that will occur over the next twelve months, at which time the Company will recognize the deferred net gains (losses) as an adjustment to net investment income over the term of the investment cash flows. The maximum term over which the Company is hedging its exposure to the variability of future cash flows for forecasted transactions, excluding interest payments on existing variable-rate financial instruments, is less than one year.

During the three and six months endedJune 30, 2017, and June 30, 2016, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.

Fair Value Hedges

For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivatives as well as the offsetting loss or gain on the hedged items attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the derivative in the same line item as the offsetting loss or gain on the hedged item. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

For the three and six months endedJune 30, 2017, the Company did not hold any fair value hedges. For the three and six months endedJune 30, 2016, the Company recognized in income immaterial gains and (losses) for the ineffective portion of fair value hedges related to the derivative instrument and the hedged item.

Non-Qualifying Strategies

For non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized capital gains (losses).

Non-Qualifying Strategies Recognized within Net Realized Capital Gains (Losses)
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Variable annuity hedge program
GMWB product derivatives	$	39		$	(30	)	$	140		$	(109	)
GMWB reinsurance contracts	(6		)	1			(24		)	13
GMWB hedging instruments	(13		)	32			(78		)	82
Macro hedge program	(38		)	(20		)	(124		)	(34		)
Total variable annuity hedge program	(18		)	(17		)	(86		)	(48		)
Foreign exchange contracts
Foreign currency swaps and forwards	(7		)	22			(17		)	25
Fixed payout annuity hedge	(10		)	60			11			96
Total foreign exchange contracts	(17		)	82			(6		)	121
Other non-qualifying derivatives
Interest rate contracts
Interest rate swaps, swaptions, and futures	(1		)	4			6			(20		)
Credit contracts
Credit derivatives that purchase credit protection	41			(2		)	30			(7		)
Credit derivatives that assume credit risk	(33		)	6			(16		)	4
Equity contracts
Equity index swaps and options	(4		)	(5		)	(4		)	13
Other
Contingent capital facility put option	—			(1		)	(1		)	(3		)
Modified coinsurance reinsurance contracts	(8		)	(25		)	(10		)	(47		)
Total other non-qualifying derivatives	(5		)	(23		)	5			(60		)
Total [1]	$	(40	)	$	42		$	(87	)	$	13

[1] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements.

Credit Risk Assumed through Credit Derivatives

The Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The Company will receive periodic payments based on an agreed upon rate and notional amount and will only make a payment if there is a credit event. A credit event payment will typically be equal to the notional value of the swap contract less the value of the referenced security issuer’s debt obligation after the occurrence of the credit event. A credit event is generally defined as a default on contractually obligated interest or principal payments or bankruptcy of the referenced entity. The credit default swaps in which the Company assumes credit risk primarily reference investment grade single corporate issuers and baskets, which include standard diversified portfolios of corporate and CMBS issuers. The diversified portfolios of corporate issuers are established within sector concentration limits and may be divided into tranches that possess different credit ratings.

Credit Derivatives by Type
							Underlying Referenced Credit Obligation(s) [1]
	Notional Amount [2]		Fair Value			Weighted Average Years to Maturity	Type	Average Credit Rating	Offsetting Notional Amount [3]		Offsetting Fair Value [3]
As of June 30, 2017
Single name credit default swaps
Investment grade risk exposure	$	204	$	4		5 years	Corporate Credit/ Foreign Gov.	A-	$	15	$	—
Below investment grade risk exposure	52		—			1 year	Corporate Credit	B-	52		—
Basket credit default swaps [4]
Investment grade risk exposure	2,054		5			4 years	Corporate Credit	BBB+	719		(5		)
Below investment grade risk exposure	50		4			4 years	Corporate Credit	B+	50		—
Investment grade risk exposure	174		(3		)	5 years	CMBS Credit	AA-	44		1
Below investment grade risk exposure	87		(16		)	Less than 1 year	CMBS Credit	CCC	87		15
Total [5]	$	2,621	$	(6	)				$	967	$	11
As of December 31, 2016
Single name credit default swaps
Investment grade risk exposure	$	169	$	—		4 years	Corporate Credit/ Foreign Gov.	A-	$	50	$	—
Below investment grade risk exposure	77		—			1 year	Corporate Credit	B+	77		—
Basket credit default swaps [4]
Investment grade risk exposure	2,065		22			3 years	Corporate Credit	BBB+	1,204		(10		)
Below investment grade risk exposure	50		3			4 years	Corporate Credit	B	50		(3		)
Investment grade risk exposure	297		(5		)	4 years	CMBS Credit	AA	167		1
Below investment grade risk exposure	110		(26		)	1 year	CMBS Credit	CCC	111		26
Embedded credit derivatives
Investment grade risk exposure	200		201			Less than 1 year	Corporate Credit	A+	—		—
Total [5]	$	2,968	$	195					$	1,659	$	14

[1] The average credit ratings are based on availability and are generally the midpoint of the available ratings among Moody’s, S&P, Fitch and Morningstar. If no rating is available from a rating agency, then an internally developed rating is used.

[2] Notional amount is equal to the maximum potential future loss amount. These derivatives are governed by agreements, clearing house rules and applicable law, which include collateral posting requirements. There is no additional specific collateral related to these contracts or recourse provisions included in the contracts to offset losses.

[3] The Company has entered into offsetting credit default swaps to terminate certain existing credit default swaps, thereby offsetting the future changes in value of, or losses paid related to, the original swap.

[4] Includes $2.4 billion and $2.5 billion as of June 30, 2017, and December 31, 2016, respectively, of notional amount on swaps of standard market indices of diversified portfolios of corporate and CMBS issuers referenced through credit default swaps. These swaps are subsequently valued based upon the observable standard market index.

[5] Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements.

Derivative Collateral Arrangements

The Company enters into various collateral arrangements in connection with its derivative instruments, which require both the pledging and accepting of collateral. As of June 30, 2017, and December 31, 2016, the Company pledged cash collateral associated with derivative instruments with a fair value of $19 and $623, respectively, for which the collateral receivable has been primarily included within other investments on the Company's Condensed Consolidated Balance Sheets. As of June 30, 2017, and December 31, 2016, the Company also pledged securities collateral associated with derivative instruments with a fair value of $893 and $1.1 billion, respectively, which have been included in fixed maturities on the Condensed Consolidated Balance Sheets. The counterparties have the right to sell or re-pledge these securities.

As of June 30, 2017, and December 31, 2016, the Company accepted cash collateral associated with derivative instruments of $424 and $387, respectively, which was invested and recorded in the Company's Condensed Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other liabilities. The Company also accepted securities collateral as of June 30, 2017, and December 31, 2016, with a fair value of $46 and $109, respectively, of which the Company has the ability to sell or repledge $18 and $81, respectively. As of June 30, 2017, and December 31, 2016, the Company had no repledged securities and did not sell any securities. In addition, as of June 30, 2017, and December 31, 2016, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Condensed Consolidated Balance Sheets.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Cash Flow Hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge ineffectiveness are recognized in current period earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

Derivatives in Cash Flow Hedging Relationships
	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)
	Three Months Ended June 30,						Six months ended June 30,
	2017			2016			2017		2016
Interest rate swaps	$	21		$	40		$	14	$	146
Foreign currency swaps	(1		)	—			—		1
Total	$	20		$	40		$	14	$	147
	Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)
	Three Months Ended June 30,						Six Months Ended June 30, 2017
	2017			2016			2017		2016
Interest rate swaps
Net realized  capital gain/(loss)	$	—		$	2		$	4	$	7
Net investment income	16			15			32		30
Foreign currency swaps
Net realized  capital gain/(loss)	5			(2		)	6		2
Total	$	21		$	15		$	42	$	39

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The Company has also elected to offset within assets or liabilities OTC-cleared derivative instruments based on clearing house agreements. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivative fair value reported as liabilities after taking into account the master netting agreements was $780 and $963 as of June 30, 2017, and December 31, 2016, respectively. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements of Notes to the Condensed Consolidated Financial Statements.

Derivative Balance Sheet Presentation
	Net Derivatives										Asset Derivatives				Liability Derivatives
	Notional Amount				Fair Value						Fair Value				Fair Value
Hedge Designation/ Derivative Type	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016			Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Cash flow hedges
Interest rate swaps	$	3,873	$	3,440	$	(1	)	$	(79	)	$	82	$	11	$	(83	)	$	(90	)
Foreign currency swaps	299		239		(15		)	(15		)	7		11		(22		)	(26		)
Total cash flow hedges	4,172		3,679		(16		)	(94		)	89		22		(105		)	(116		)
Non-qualifying strategies
Interest rate contracts
Interest rate swaps, swaptions, and futures	10,882		11,743		(485		)	(890		)	643		264		(1,128		)	(1,154		)
Foreign exchange contracts
Foreign currency swaps and forwards	165		1,064		—			68			—		70		—			(2		)
Fixed payout annuity hedge	804		804		(252		)	(263		)	—		—		(252		)	(263		)
Credit contracts
Credit derivatives that purchase credit protection	115		209		(3		)	(4		)	—		—		(3		)	(4		)
Credit derivatives that assume credit risk [1]	1,654		1,309		2			10			29		15		(27		)	(5		)
Credit derivatives in offsetting positions	1,934		3,317		3			(1		)	29		39		(26		)	(40		)
Equity contracts
Equity index swaps and options	321		105		3			—			40		33		(37		)	(33		)
Variable annuity hedge program
GMWB product derivatives [2]	12,178		13,114		(134		)	(241		)	—		—		(134		)	(241		)
GMWB reinsurance contracts	2,527		2,709		57			73			57		73		—			—
GMWB hedging instruments	9,484		10,256		85			94			150		190		(65		)	(96		)
Macro hedge program	6,885		6,532		168			178			182		201		(14		)	(23		)
Other
Contingent capital facility put option	—		500		—			1			—		1		—			—
Modified coinsurance reinsurance contracts	889		875		58			68			58		68		—			—
Total non-qualifying strategies	47,838		52,537		(498		)	(907		)	1,188		954		(1,686		)	(1,861		)
Total cash flow hedges, fair value hedges, and non-qualifying strategies	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)
Balance Sheet Location
Fixed maturities, available-for-sale	$	155	$	322	$	—		$	1		$	—	$	1	$	—		$	—
Other investments	7,534		23,620		151			(180		)	171		377		(20		)	(557		)
Other liabilities	28,677		15,526		(609		)	(689		)	991		457		(1,600		)	(1,146		)
Reinsurance recoverables	3,416		3,584		115			141			115		141		—			—
Other policyholder funds and benefits payable	12,228		13,164		(171		)	(274		)	—		—		(171		)	(274		)
Total derivatives	$	52,010	$	56,216	$	(514	)	$	(1,001	)	$	1,277	$	976	$	(1,791	)	$	(1,977	)

[1] The derivative instruments related to this strategy are held for other investment purposes.

[2] These derivatives are embedded within liabilities and are not held for risk management purposes.

Schedule of Derivative Instruments [Table Text Block]

Macro Hedge Program

The Company utilizes equity swaps, options, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and guaranteed minimum death benefit ("GMDB") liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

GMWB Hedging Instruments
	Notional Amount				Fair Value
	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Customized swaps	$	5,102	$	5,191	$	74		$	100
Equity swaps, options, and futures	1,383		1,362		(35		)	(27		)
Interest rate swaps and futures	2,999		3,703		46			21
Total	$	9,484	$	10,256	$	85		$	94

Derivatives, Methods of Accounting, Hedge Documentation [Policy Text Block]

Strategies that Qualify for Hedge Accounting

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]

Some of the Company's derivatives satisfy the hedge accounting requirements as outlined in Note 1 - Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements, included in The Hartford’s 2016 Form 10-K Annual Report. Typically, these hedging instruments include interest rate swaps and, to a lesser extent, foreign currency swaps where the terms or expected cash flows of the hedged item closely match the terms of the swap. The interest rate swaps are typically used to manage interest rate duration of certain fixed maturity securities or liability contracts. The hedge strategies by hedge accounting designation include:

Cash Flow Hedges

Interest rate swaps are predominantly used to manage portfolio duration and better match cash receipts from assets with cash disbursements required to fund liabilities. These derivatives primarily convert interest receipts on floating-rate fixed maturity securities to fixed rates. During the second quarter of 2017, the Company entered into interest rate swaps to convert the variable interest payments on junior subordinated debt to fixed interest payments. For further information, see the Junior Subordinated Debentures section within Note 10 - Debt of Notes to the Condensed Consolidated Financial Statements.

The Company also enters into forward starting swap agreements to hedge the interest rate exposure related to the future purchase of fixed-rate securities, primarily to hedge interest rate risk inherent in the assumptions used to price certain product liabilities.

Foreign currency swaps are used to convert foreign currency-denominated cash flows related to certain investment receipts and liability payments to U.S. dollars in order to reduce cash flow fluctuations due to changes in currency rates.

Fair Value Hedges

The Company previously used interest rate swaps to hedge the changes in fair value of fixed maturity securities due to fluctuations in interest rates. These swaps were typically used to manage interest rate duration.

Non-qualifying Strategies

Derivative relationships that do not qualify for hedge accounting (“non-qualifying strategies”) primarily include the hedge program for the Company's variable annuity products as well as the hedging and replication strategies that utilize credit default swaps. In addition, hedges of interest rate, foreign currency and equity risk of certain fixed maturities, equities and liabilities do not qualify for hedge accounting. The non-qualifying strategies include:

Interest Rate Swaps, Swaptions and Futures

The Company uses interest rate swaps, swaptions, and futures to manage interest rate duration between assets and liabilities in certain investment portfolios. In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap. As of June 30, 2017 and December 31, 2016, the notional amount of interest rate swaps in offsetting relationships was $10.2 billion and $10.6 billion, respectively.

Foreign Currency Swaps and Forwards

The Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. The Company previously entered into foreign currency forwards to hedge currency impacts on changes in equity of the U.K. property and casualty run-off subsidiaries that were sold in May 2017. For further information on the disposition, see Note 2 - Business Acquisitions and Dispositions of Notes to Consolidated Financial Statements. The Company also previously entered into foreign currency forwards to hedge non-U.S. dollar denominated cash and equity securities.

Fixed Payout Annuity Hedge

The Company has obligations for certain yen denominated fixed payout annuities under an assumed reinsurance contract. The Company invests in U.S. dollar denominated assets to support the assumed reinsurance liability. The Company has in place pay U.S. dollar, receive yen swap contracts to hedge the currency and yen interest rate exposure between the U.S. dollar denominated assets and the yen denominated fixed liability reinsurance payments.

Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities. Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions. These contracts require the Company to pay or receive a periodic fee in exchange for compensation from the counterparty should the referenced security issuers experience a credit event, as defined in the contract. In addition, the Company enters into credit default swaps to terminate existing credit default swaps, thereby offsetting the changes in value of the original swap going forward.

Equity Index Swaps and Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. The Company previously entered into total return swaps to hedge equity risk of specific common stock investments which are accounted for using fair value option in order to align the accounting treatment within net realized capital gains (losses). In addition, the Company formerly offered certain equity indexed products that remain in force, a portion of which contain embedded derivatives that require changes in value to be bifurcated from the host contract. The Company uses equity index swaps to economically hedge the equity volatility risk associated with the equity indexed products.

GMWB Derivatives, net

The Company formerly offered certain variable annuity products with GMWB riders. The GMWB product is a bifurcated embedded derivative (“GMWB product derivatives”) that has a notional value equal to the GRB. The Company uses reinsurance contracts to transfer a portion of its risk of loss due to GMWB. The reinsurance contracts covering GMWB (“GMWB reinsurance contracts”) are accounted for as free-standing derivatives with a notional amount equal to the GRB reinsured.

The Company utilizes derivatives (“GMWB hedging instruments”) as part of a dynamic hedging program designed to hedge a portion of the capital market risk exposures of the non-reinsured GMWB riders. The GMWB hedging instruments hedge changes in interest rates, equity market levels, and equity volatility. These derivatives include customized swaps, interest rate swaps and futures, and equity swaps, options and futures, on certain indices including the S&P 500 index, EAFE index and NASDAQ index. The Company retains the risk for differences between assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.

GMWB Hedging Instruments
	Notional Amount				Fair Value
	Jun. 30, 2017		Dec. 31, 2016		Jun. 30, 2017			Dec. 31, 2016
Customized swaps	$	5,102	$	5,191	$	74		$	100
Equity swaps, options, and futures	1,383		1,362		(35		)	(27		)
Interest rate swaps and futures	2,999		3,703		46			21
Total	$	9,484	$	10,256	$	85		$	94

Macro Hedge Program

The Company utilizes equity swaps, options, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and guaranteed minimum death benefit ("GMDB") liabilities on the Company's statutory surplus. These derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.

Contingent Capital Facility Put Option

The Company previously entered into a put option agreement that provided the Company the right to require a third-party trust to purchase, at any time, The Hartford’s junior subordinated notes in a maximum aggregate principal amount of $500. On February 8, 2017, The Hartford exercised the put option resulting in the issuance of $500 in junior subordinated notes with proceeds received on February 15, 2017. Under the put option agreement, The Hartford had been paying premiums on a periodic basis and had agreed to reimburse the trust for certain fees and ordinary expenses. For further information on the put option agreement, see the Contingent Capital Facility section within Note 13 - Debt of Notes to Consolidated Financial Statements, included in The Hartford's 2016 Form 10-K Annual Report.

Modified Coinsurance Reinsurance Contracts

As of June 30, 2017, and December 31, 2016, the Company had $889 and $875, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction. The assets are primarily held in a trust established by the Company. The Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results. As a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk. The notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.

Derivative Balance Sheet Classification

For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The Company has also elected to offset within assets or liabilities OTC-cleared derivative instruments based on clearing house agreements. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. Derivative fair value reported as liabilities after taking into account the master netting agreements was $780 and $963 as of June 30, 2017, and December 31, 2016, respectively. Derivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. The following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements of Notes to the Condensed Consolidated Financial Statements.

XML

Reserve for Unpaid Losses and Loss Adjustment Expenses Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

Property and Casualty Insurance Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017		2016
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	21,833	$	21,825
Reinsurance and other recoverables	2,776		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	19,057		18,943
Provision for unpaid losses and loss adjustment expenses
Current accident year	3,563		3,447
Prior accident year development	2		384
Total provision for unpaid losses and loss adjustment expenses	3,565		3,831
Less: payments
Current accident year	1,009		1,066
Prior accident years	2,292		2,550
Total payments	3,301		3,616
Ending liabilities for unpaid losses and loss adjustment expenses, net	19,321		19,158
Reinsurance and other recoverables [1]	2,809		2,746
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	22,130	$	21,904

[1] Includes reinsurance recoverables of $2,350 and $2,461 for the six months ended June 30, 2017 and 2016, respectively.

(Favorable) Unfavorable Prior Accident Year Development

	For the six months ended June 30,
	2017			2016
Workers’ compensation	$	(20	)	$	(83	)
Workers’ compensation discount accretion	16			14
General liability	10			66
Package business	—			52
Commercial property	(6		)	(3		)
Professional liability	—			(33		)
Bond	(10		)	(6		)
Automobile liability - Commercial Lines	20			1
Automobile liability - Personal Lines	—			140
Homeowners	—			(5		)
Net asbestos reserves	—			197
Net environmental reserves	—			71
Catastrophes	(13		)	(5		)
Uncollectible reinsurance	—			(30		)
Other reserve re-estimates, net	5			8
Total prior accident year development	$	2		$	384

Property and Casualty Insurance Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017		2016
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	21,833	$	21,825
Reinsurance and other recoverables	2,776		2,882
Beginning liabilities for unpaid losses and loss adjustment expenses, net	19,057		18,943
Provision for unpaid losses and loss adjustment expenses
Current accident year	3,563		3,447
Prior accident year development	2		384
Total provision for unpaid losses and loss adjustment expenses	3,565		3,831
Less: payments
Current accident year	1,009		1,066
Prior accident years	2,292		2,550
Total payments	3,301		3,616
Ending liabilities for unpaid losses and loss adjustment expenses, net	19,321		19,158
Reinsurance and other recoverables [1]	2,809		2,746
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	22,130	$	21,904

[1] Includes reinsurance recoverables of $2,350 and $2,461 for the six months ended June 30, 2017 and 2016, respectively.

(Favorable) Unfavorable Prior Accident Year Development

	For the six months ended June 30,
	2017			2016
Workers’ compensation	$	(20	)	$	(83	)
Workers’ compensation discount accretion	16			14
General liability	10			66
Package business	—			52
Commercial property	(6		)	(3		)
Professional liability	—			(33		)
Bond	(10		)	(6		)
Automobile liability - Commercial Lines	20			1
Automobile liability - Personal Lines	—			140
Homeowners	—			(5		)
Net asbestos reserves	—			197
Net environmental reserves	—			71
Catastrophes	(13		)	(5		)
Uncollectible reinsurance	—			(30		)
Other reserve re-estimates, net	5			8
Total prior accident year development	$	2		$	384

Re-estimates of prior accident year reserves for the six months endedJune 30, 2017

Workers’ compensation reservesin Small Commercial were reduced given the continued emergence of favorable frequency for accident years 2013 to 2015. Management has placed additional weight on this favorable experience as it becomes more credible.

General liability reserves were increased for the 2013 to 2016 accident years on a class of business that insures service and maintenance contractors. This increase was partially offset by a decrease in recent accident year reserves for other Middle Market general liability reserves.

Bond business reservesrelated to recent accident years were reduced as reported losses for commercial and contract surety have emerged favorably.

Automobile liability reserves within Commercial Lines were increased in Small Commercial and large national accounts for the 2013 to 2016 accident years, driven by higher frequency of more severe accidents, including litigated claims.

Catastrophes reserveswere reduced primarily due to lower estimates of 2016 wind and hail event losses and a decrease in losses on a 2015 wildfire.

Re-estimates of prior accident year reserves for thesix months endedJune 30, 2016

Workers' compensation reservesdecreased for accident years 2013 through 2015 due to favorable frequency and, to a lesser extent, lower medical severity trends. Loss costs for these accident years continued to emerge favorably and management has been placing additional weight on this favorable experience as it becomes more credible.

General liability reservesincreased for accident years 2012 through 2015 primarily due to higher severity losses incurred on a class of business that insures service and maintenance contractors.

Small Commercial package business reservesincreased due to higher than expected severity on liability claims, principally for accident years 2013 through 2015. Severity for these accident years has developed unfavorably and management has placed more weight on emerged experience.

Professional liability reservesdecreased for claims made years 2008 through 2013, primarily for large accounts, including on non-securities class action cases. Claim costs have emerged favorably as these years have matured and management has placed more weight on the emerged experience.

Automobile liability reservesincreased in personal lines primarily due to increased bodily injury frequency and severity for the 2015 accident year and increased bodily injury severity for the 2014 accident year. Increases in auto liability loss costs were across both the direct and agency distribution channels.

Asbestos and environmental reserves increased during the period as a result of the 2016 comprehensive annual review. For a discussion of the Company's 2016 review of asbestos and environmental reserves, see Part II, Item 7 MD&A, Critical Accounting Estimates, Property & Casualty Other Operations section in the Company’s 2016 Form 10-K Annual Report.

Uncollectible reinsurance reservesdecreased as a result of giving greater weight to favorable collectability experience in recent calendar periods in estimating future collections.

Group Life, Disability and Accident Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017			2016 [1]
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	5,772		$	5,889
Reinsurance recoverables	208			218
Beginning liabilities for unpaid losses and loss adjustment expenses, net	5,564			5,671
Provision for unpaid losses and loss adjustment expenses
Current incurral year	1,319			1,287
Prior year's discount accretion	101			105
Prior incurral year development [2]	(112		)	(98		)
Total provision for unpaid losses and loss adjustment expenses [3]	1,308			1,294
Less: payments
Current incurral year	542			523
Prior incurral years	833			836
Total payments	1,375			1,359
Ending liabilities for unpaid losses and loss adjustment expenses, net	5,497			5,606
Reinsurance recoverables	212			216
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	5,709		$	5,822

[1] Certain prior year amounts have been reclassified to conform to the current year presentation for unpaid losses and loss adjustment expenses.

[2] Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.

[3] Includes unallocated loss adjustment expenses of $48, and $51 for for the six months ended June 30, 2017 and 2016, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.

Re-estimates of prior incurral years reserves for the six months endedJune 30, 2017

Group Disability-Prior period reserve estimates decreased by approximately $65 largely driven by group long-term disability claim recoveries higher than prior reserve assumptions. This favorability was partially reduced by lower expectation of future benefit offsets, particularly lower Social Security Disability Income approval rates and longer decision turnaround times in the Social Security Administration.

Group Life and Accident (including Group Life Premium Waiver)-Prior period reserve estimates decreased by approximately $45 largely driven by lower than previously expected claim incidence in Group Life and Group Life Premium Waiver and lower than expected severity on Group Accidental Death & Dismemberment.

Re-estimates of prior incurral years reserves for the six months endedJune 30, 2016

Group Disability-Prior period reserve estimates decreased by approximately $65 largely driven by group long-term disability claim recoveries higher than prior reserve assumptions. This favorability was partially offset by lower Social Security Disability Income approvals driven by lower approval rates and ongoing backlogs in the Social Security Administration.

Group Life and Accident (including Group Life Premium Waiver)-Prior period reserve estimates decreased by approximately $30 largely driven by lower than previously expected incidence on Group Life Premium Waiver.

Group Life, Disability and Accident Products

Roll-forward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

	For the six months ended June 30,
	2017			2016 [1]
Beginning liabilities for unpaid losses and loss adjustment expenses, gross	$	5,772		$	5,889
Reinsurance recoverables	208			218
Beginning liabilities for unpaid losses and loss adjustment expenses, net	5,564			5,671
Provision for unpaid losses and loss adjustment expenses
Current incurral year	1,319			1,287
Prior year's discount accretion	101			105
Prior incurral year development [2]	(112		)	(98		)
Total provision for unpaid losses and loss adjustment expenses [3]	1,308			1,294
Less: payments
Current incurral year	542			523
Prior incurral years	833			836
Total payments	1,375			1,359
Ending liabilities for unpaid losses and loss adjustment expenses, net	5,497			5,606
Reinsurance recoverables	212			216
Ending liabilities for unpaid losses and loss adjustment expenses, gross	$	5,709		$	5,822

[1] Certain prior year amounts have been reclassified to conform to the current year presentation for unpaid losses and loss adjustment expenses.

[2] Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.

[3] Includes unallocated loss adjustment expenses of $48, and $51 for for the six months ended June 30, 2017 and 2016, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.

XML

Separate Accounts, Death Benefits and Other Insurance Benefit Features Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Separate Accounts Disclosure [Abstract]

Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits [Table Text Block]

Changes in Reserves for Future Policy Benefits
	Universal Life - Type Contracts
	GMDB/GMWB [1]			Universal Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2017	$	786		$	2,627	$	10,516		$	13,929
Incurred [3]	33			149		408			590
Paid	(52		)	—		(401		)	(453		)
Change in unrealized investment gains and losses	—			—		90			90
Liability balance as of June 30, 2017	$	767		$	2,776	$	10,613		$	14,156
Reinsurance recoverable asset, as of January 1, 2017	$	432		$	2,627	$	1,392		$	4,451
Incurred [3]	22			149		49			220
Paid	(43		)	—		(27		)	(70		)
Reinsurance recoverable asset, as of June 30, 2017	$	411		$	2,776	$	1,414		$	4,601

	Universal Life - Type Contracts
	GMDB/GMWB [1]			Universal Life Secondary Guarantees		Traditional Annuity and Other Contracts [2]			Total Future Policy Benefits
Liability balance as of January 1, 2016	$	863		$	2,313	$	10,683		$	13,859
Incurred [3]	41			158		392			591
Paid	(66		)	—		(398		)	(464		)
Change in unrealized investment gains and losses	—			—		460			460
Liability balance as of June 30, 2016	$	838		$	2,471	$	11,137		$	14,446
Reinsurance recoverable asset, as of January 1, 2016	$	523		$	2,313	$	1,478		$	4,314
Incurred [3]	32			158		37			227
Paid	(51		)	—		(33		)	(84		)
Reinsurance recoverable asset, as of June 30, 2016	$	504		$	2,471	$	1,482		$	4,457

[1] These liability balances include all GMDB benefits, plus the life-contingent portion of GMWB benefits in excess of the return of the GRB. GMWB benefits that make up a shortfall between the account value and the GRB are embedded derivatives held at fair value and are excluded from these balances.

[2] Represents life-contingent reserves for which the company is subject to insurance and investment risk.

[3] Includes the portion of assessments established as additions to reserves as well as changes in estimates affecting the reserves.

Schedule of Fair Value of Separate Accounts by Major Category of Investment [Table Text Block]

Account Value by GMDB/GMWB Type as of June 30, 2017
Maximum anniversary value (“MAV”) [1]	Account Value (“AV”) [8]		Net Amount at Risk (“NAR”) [9]		Retained Net Amount at Risk (“RNAR”) [9]		Weighted Average Attained Age of Annuitant
MAV only	$	13,641	$	2,109	$	316	71
With 5% rollup [2]	1,155		154		49		71
With Earnings Protection Benefit Rider (“EPB”) [3]	3,465		504		79		71
With 5% rollup & EPB	475		104		23		73
Total MAV	18,736		2,871		467
Asset Protection Benefit (“APB”) [4]	10,243		114		76		70
Lifetime Income Benefit (“LIB”) — Death Benefit [5]	459		5		5		70
Reset [6] (5-7 years)	2,437		7		6		70
Return of Premium (“ROP”) [7]/Other	8,793		59		56		71
Subtotal Variable Annuity with GMDB/GMWB [10]	40,668		$	3,056	$	610	71
Less: General Account Value with GMDB/GMWB	3,686
Subtotal Separate Account Liabilities with GMDB	36,982
Separate Account Liabilities without GMDB	79,764
Total Separate Account Liabilities	$	116,746

[1] MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals).

[2] Rollup GMDB is the greatest of the MAV, current AV, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier of age 80 years or 100% of adjusted premiums.

[3] EPB GMDB is the greatest of the MAV, current AV, or contract value plus a percentage of the contract’s growth. The contract’s growth is AV less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.

[4] APB GMDB is the greater of current AV or MAV, not to exceed current AV plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).

[5] LIB GMDB is the greatest of current AV; net premiums paid; or, for certain contracts, a benefit amount generally based on market performance that ratchets over time.

[6] Reset GMDB is the greatest of current AV, net premiums paid and the most recent five to seven year anniversary AV before age 80 years (adjusted for withdrawals).

[7] ROP GMDB is the greater of current AV or net premiums paid.

[8] AV includes the contract holder’s investment in the separate account and the general account.

[9] NAR is defined as the guaranteed minimum death benefit in excess of the current AV. RNAR represents NAR reduced for reinsurance. NAR and RNAR are highly sensitive to equity markets movements and increase when equity markets decline.

[10] Some variable annuity contracts with GMDB also have a life-contingent GMWB that may provide for benefits in excess of the return of the GRB. Such contracts included in this amount have $6.3 billion of total account value and weighted average attained age of 73 years. There is no NAR or retained NAR related to these contracts. Includes $1.6 billion of account value for contracts that had a GMDB at issue but no longer have a GMDB due to certain elections made by policyholders or their beneficiaries.

Account Balance Breakdown of Variable Separate Account Investments for Contracts with Guarantees
Asset type	As of June 30, 2017		As of December 31, 2016
Equity securities (including mutual funds)	$	34,135	$	33,880
Cash and cash equivalents	2,847		3,045
Total	$	36,982	$	36,925

XML

Debt Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Subordinated Borrowings Disclosure [Text Block]

Junior Subordinated Debentures

On February 15, 2017, pursuant to a put option agreement with the Glen Meadow ABC Trust, the Company issued $500 junior subordinated notes with a scheduled maturity of February 12, 2047, and a final maturity of February 12, 2067. The junior subordinated notes bear interest at an annual rate of three-month LIBOR plus 2.125%, payable quarterly. The Hartford will have the right, on one or more occasions, to defer interest payments due on the junior subordinated notes under specified circumstances.

Upon receipt of the proceeds, the Company entered into a replacement capital covenant (the "RCC"). Under the terms of the RCC, if the Company redeems the notes at any time prior to February 12, 2047 (or such earlier date on which the RCC terminates by its terms) it can only do so with the proceeds from the sale of certain qualifying replacement securities. The RCC also prohibits the Company from redeeming all or any portion of the notes on or prior to February 15, 2022.

In April, 2017, the Company entered into an interest rate swap agreement expiring February 15, 2027 to effectively convert the variable interest payments into fixed interest payments of approximately 4.39%.

XML

Income Taxes Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income Tax Rate Reconciliation
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Tax provision at U.S. federal statutory rate	$	(48	)	$	60		$	122		$	193
Tax-exempt interest	(30		)	(31		)	(60		)	(63		)
Dividends-received deduction ("DRD")	(19		)	(21		)	(38		)	(43		)
Decrease in deferred tax valuation allowance	—			(53		)	—			(78		)
Stock-based compensation	(1		)	—			(8		)	—
Other	(1		)	(1		)	(6		)	3
Provision for income taxes	$	(99	)	$	(46	)	$	10		$	12

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]

Roll-forward of Unrecognized Tax Benefits
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Balance, beginning of period	$	12	$	12	$	12	$	12
Gross increases - tax positions in prior period	—		—		—		—
Gross decreases - tax positions in prior period	—		—		—		—
Balance, end of period	$	12	$	12	$	12	$	12

Summary of Operating Loss Carryforwards [Table Text Block]

Future Tax Benefits
	As of
	June 30, 2017				December 31, 2016				Expiration
	Carryover amount		Expected tax benefit, gross		Carryover amount		Expected tax benefit, gross		Dates			Amount
Net operating loss carryover - U.S.	$	4,624	$	1,618	$	5,412	$	1,894	2020			$	1
									2023	-	2036	$	4,623
Net operating loss carryover - foreign	$	3	$	—	$	48	$	9	No expiration			$	3
Foreign tax credit carryover	$	42	$	42	$	56	$	56	2021	-	2024	$	42
Alternative minimum tax credit carryover	$	777	$	777	$	640	$	640	No expiration			$	777
General business credit carryover	$	2	$	2	$	99	$	99	2031	-	2035	$	2
Capital loss carryover	$	91	$	32	$	—	$	—	2022			$	91

XML

Accumulated Other Comprehensive Income Loss Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Jun. 30, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2017
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,413		$	(4	)	$	58		$	8	$	(1,682	)	$	(207	)
OCI before reclassifications	404			1			13			5		(141		)	282
Amounts reclassified from AOCI	(62		)	—			(14		)	—		495			419
OCI, net of tax	342			1			(1		)	5		354			701
Ending balance	$	1,755		$	(3	)	$	57		$	13	$	(1,328	)	$	494

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2017
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,276		$	(3	)	$	76		$	6	$	(1,692	)	$	(337	)
OCI before reclassifications	564			—			8			7		(140		)	439
Amounts reclassified from AOCI	(85		)	—			(27		)	—		504			392
OCI, net of tax	479			—			(19		)	7		364			831
Ending balance	$	1,755		$	(3	)	$	57		$	13	$	(1,328	)	$	494

Reclassifications from AOCI
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	95		$	131		Net realized capital gains (losses)
	95			131			Income before income taxes
	33			46			Income tax expense (benefit)
	$	62		$	85		Net income
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	—		$	4		Net realized capital gains (losses)
Interest rate swaps	16			32			Net investment income
Foreign currency swaps	5			6			Net realized capital gains (losses)
	21			42			Income before income taxes
	7			15			Income tax expense (benefit)
	$	14		$	27		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	2		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(16		)	(32		)	Insurance operating costs and other expenses
Settlement loss	(747		)	(747		)	Insurance operating costs and other expenses
	(761		)	(776		)	Income (loss) before income taxes
	(266		)	(272		)	Income tax expense (benefit)
	$	(495	)	$	(504	)	Net income (loss)
Total amounts reclassified from AOCI	$	(419	)	$	(392	)	Net income (loss)

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2016
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,801		$	(15	)	$	184		$	(49	)	$	(1,667	)	$	254
OCI before reclassifications	696			3			26			(19		)	—			706
Amounts reclassified from AOCI	(60		)	2			(10		)	—			8			(60		)
OCI, net of tax	636			5			16			(19		)	8			646
Ending balance	$	2,437		$	(10	)	$	200		$	(68	)	$	(1,659	)	$	900

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2016
	Changes in
	Net Unrealized Gain on Securities			OTTI Losses in OCI			Net Gain on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance	$	1,279		$	(7	)	$	130		$	(55	)	$	(1,676	)	$	(329	)
OCI before reclassifications	1,191			(6		)	95			(13		)	—			1,267
Amounts reclassified from AOCI	(33		)	3			(25		)	—			17			(38		)
OCI, net of tax	1,158			(3		)	70			(13		)	17			1,229
Ending balance	$	2,437		$	(10	)	$	200		$	(68	)	$	(1,659	)	$	900

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

Reclassifications from AOCI
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	95		$	131		Net realized capital gains (losses)
	95			131			Income before income taxes
	33			46			Income tax expense (benefit)
	$	62		$	85		Net income
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	—		$	4		Net realized capital gains (losses)
Interest rate swaps	16			32			Net investment income
Foreign currency swaps	5			6			Net realized capital gains (losses)
	21			42			Income before income taxes
	7			15			Income tax expense (benefit)
	$	14		$	27		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	2		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(16		)	(32		)	Insurance operating costs and other expenses
Settlement loss	(747		)	(747		)	Insurance operating costs and other expenses
	(761		)	(776		)	Income (loss) before income taxes
	(266		)	(272		)	Income tax expense (benefit)
	$	(495	)	$	(504	)	Net income (loss)
Total amounts reclassified from AOCI	$	(419	)	$	(392	)	Net income (loss)

Reclassifications of AOCI
	Three Months Ended June 30, 2016			Six Months Ended June 30, 2016			Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Securities
Available-for-sale securities	$	92		$	51		Net realized capital gains (losses)
	92			51			Income before income taxes
	32			18			Income tax expense (benefit)
	$	60		$	33		Net income
OTTI Losses in OCI
Other than temporary impairments	$	(3	)	$	(4	)	Net realized capital gains (losses)
	(3		)	(4		)	Income (loss) before income taxes
	(1		)	(1		)	Income tax expense (benefit)
	$	(2	)	$	(3	)	Net income (loss)
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	2		$	7		Net realized capital gains (losses)
Interest rate swaps	15			30			Net investment income
Foreign currency swaps	(2		)	2			Net realized capital gains (losses)
	15			39			Income before income taxes
	5			14			Income tax expense (benefit)
	$	10		$	25		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	1		$	3		Insurance operating costs and other expenses
Amortization of actuarial loss	(14		)	(29		)	Insurance operating costs and other expenses
	(13		)	(26		)	Income (loss) before income taxes
	(5		)	(9		)	Income tax expense (benefit)
	$	(8	)	$	(17	)	Net income (loss)
Total amounts reclassified from AOCI	$	60		$	38		Net income

XML

Employee Benefit Plans Level 3 (Tables)

6 Months Ended

Jun. 30, 2017

Compensation and Retirement Disclosure [Abstract]

Components of net periodic benefit cost

Components of Net Periodic Cost (Benefit)
	Pension Benefits						Other Postretirement Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2017			2016			2017			2016
Service cost	$	1		$	1		$	—		$	—
Interest cost	49			59			2			3
Expected return on plan assets	(80		)	(76		)	(2		)	(3		)
Amortization of prior service credit	—			—			(2		)	(1		)
Amortization of actuarial loss	15			13			1			1
Settlements	750			—			—			—
Net periodic cost (benefit)	$	735		$	(3	)	$	(1	)	$	—

Components of Net Periodic Cost (Benefit)
	Pension Benefits						Other Postretirement Benefits
	Six months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
Service cost	$	2		$	1		$	—		$	—
Interest cost	98			118			4			6
Expected return on plan assets	(159		)	(153		)	(4		)	(5		)
Amortization of prior service credit	—			—			(3		)	(3		)
Amortization of actuarial loss	30			27			2			2
Settlements	750			—			—			—
Net periodic cost (benefit)	$	721		$	(7	)	$	(1	)	$	—

XML

Basis of Presentation and Accounting Policies Level 4 (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Additional Paid-in Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			$ 0	$ 22
Stock-based Compensation [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective Income Tax Rate Reconciliation, Deduction, Amount	$ 1	$ 0	$ 8	$ 0

XML

Business Dispositions Level 4 (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2017
Other assets	$ 1,786	$ 1,807
Disposal Group, Including Discontinued Operation, Assets, Current	870	0
Disposal Group, Including Discontinued Operation, Liabilities, Current	611	0
P&C Runoff Subsidiaries [Member]
Disposal Group, Including Discontinued Operation, Consideration		272
HFPI estimated after tax loss	5
Investments and Cash	657	669
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	213	268
Disposal Group, Including Discontinued Operation, Assets, Current	870	937
Disposal Group, Including Discontinued Operation, Liabilities	600	653
Disposal Group, Including Discontinued Operation, Other Liabilities	11	12
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 611	665
Accounts Receivable [Member] | P&C Runoff Subsidiaries [Member]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		$ 71

XML

Earnings (Loss) Per Common Share Level 4 (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Income (Loss) Attributable to Parent [Abstract]
Net Income (Loss) Attributable to Parent	$ (40)	$ 216	$ 338	$ 539
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted Average Number of Shares Outstanding, Basic	366.0	391.8	368.7	395.2
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0.0	3.2	4.0	3.6
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	0.0	3.6	2.8	3.6
Weighted Average Number of Shares Outstanding, Diluted	366.0	398.6	375.5	402.4
Earnings Per Share, Basic and Diluted [Abstract]
Earnings Per Share, Basic	$ (0.11)	$ 0.55	$ 0.92	$ 1.36
Earnings Per Share, Diluted	$ (0.11)	$ 0.54	$ 0.90	$ 1.34

XML

Segment Information Level 4 (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)
Segment Reporting Information [Line Items]
Number of company reporting segments			6
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (40)	$ 216	$ 338	$ 539
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	3,956	3,885	7,884	7,734
Insurance Commissions and Fees	466	441	921	886
Net Investment Income (Loss)	715	735	1,443	1,431
Total Realized Investment Gains (Losses)	75	53	55	(102)
Other Income	23	23	42	43
Revenues	4,769	4,696	9,424	9,106
Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	258	237	489	462
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	1,729	1,659	3,427	3,292
Insurance Commissions and Fees	9	9	19	19
Property and Casualty, Personal Insurance Product Line [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	24	(50)	57	(27)
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	941	986	1,886	1,970
Insurance Commissions and Fees	0		0	0
Affinity Earned Premiums	800	817	1,600	1,600
Property & Casualty Other Operations [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	20	(154)	44	(137)
Group Insurance Policies [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	69	55	114	105
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	824	808	1,659	1,603
Mutual Fund [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	24	20	47	40
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	201	172	392	339
Life and Annuity Insurance Product Line [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	105	104	173	121
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	260	259	518	528
Corporate Segment [Member]
Segment Reporting Information, Operating Income (Loss) [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(540)	4	(586)	(25)
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Insurance Commissions and Fees	1	1	2	2
Reclass from Commercial Lines to Personal Lines [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Other Income		3		0
Accident and Health Insurance Product Line [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	820	775	1,633	1,534
General Liability [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	152	148	300	291
Package Business [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	326	314	640	622
Automobiles Commercial [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	161	154	322	312
Professional Liability [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	60	55	120	108
Surety Product Line [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	58	54	113	107
Property Insurance Product Line [Member] | Property and Casualty, Commercial Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	152	159	299	318
Automobiles Consumer [Member] | Property and Casualty, Personal Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	660	687	1,322	1,372
Homeowners [Member] | Property and Casualty, Personal Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	281	299	564	598
Disability Insurance Policy [Member] | Group Insurance Policies [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	379	381	760	750
Life Insurance Product Line [Member] | Group Insurance Policies [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	394	376	793	751
Property & Casualty Other Operations [Member] | Group Insurance Policies [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	51	51	106	102
Non Proprietary [Member] | Mutual Fund [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	176	147	343	289
Proprietary [Member] | Life and Annuity Insurance Product Line [Member]
Segment Reporting Information, Revenue for Reportable Segment [Abstract]
Earned premiums and fee income	$ 25	$ 25	$ 49	$ 50

XML

Fair Value Measurements Level 4 Fair Value by Hierarchy (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value Measurement [Domain]
Assets, Fair Value Disclosure [Abstract]
Separate Account Assets	$ 112,559,000,000		$ 112,559,000,000			$ 111,634,000,000
Fair Value Measurement [Domain] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Separate Account Assets	73,019,000,000		73,019,000,000			71,606,000,000
Fair Value Measurement [Domain] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Separate Account Assets	38,466,000,000		38,466,000,000			38,856,000,000
Fair Value Measurement [Domain] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Separate Account Assets	192,000,000		192,000,000			201,000,000
Available-for-sale Securities, Debt Securities	57,834,000,000		57,834,000,000			56,003,000,000
Trading Securities, Equity	11,000,000		11,000,000			11,000,000
Available-for-sale Securities, Equity Securities	1,055,000,000		1,055,000,000			1,097,000,000
Short-term investments	4,716,000,000		4,716,000,000			3,244,000,000
Alternative Investments, Fair Value Disclosure	2,445,000,000		2,445,000,000			2,456,000,000
Reinsurance recoverable for U.S. GMWB	23,265,000,000		23,265,000,000			23,311,000,000
Separate Account Assets	116,746,000,000		116,746,000,000			115,665,000,000
Assets, Fair Value Disclosure	176,587,000,000		176,587,000,000			172,243,000,000
Marketable Securities, Fixed Maturities	146,000,000		146,000,000			293,000,000
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities accounted for at fair value on a recurring basis	(807,000,000)		(807,000,000)			(988,000,000)
Derivative Liability, Fair Value, Amount Offset Against Collateral	12,000,000		12,000,000			56,000,000
HIG_FairValueAssetsLevel2ToLevel1TransfersAmounts	0	$ 0	0	$ 0
Business Combination, Contingent Consideration, Liability	60		60
ABS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	2,354,000,000		2,354,000,000			2,382,000,000
Collateralized Debt Obligations [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	2,457,000,000		2,457,000,000			1,916,000,000
CMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	5,173,000,000		5,173,000,000			4,936,000,000
Corporate [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	26,044,000,000		26,044,000,000			25,666,000,000
Foreign Government Debt Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	1,297,000,000		1,297,000,000			1,171,000,000
Municipal [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	12,284,000,000		12,284,000,000			11,486,000,000
RMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	4,219,000,000		4,219,000,000			4,767,000,000
U.S. Treasuries [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	4,006,000,000		4,006,000,000			3,679,000,000
Liabilities, Fair Value Disclosure [Abstract]
HIG_FairValueAssetsLevel1ToLevel2TransfersAmount	692,000,000	67,000,000	1,300,000,000	808,000,000
Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	463,000,000		463,000,000			620,000,000
Trading Securities, Equity	11,000,000		11,000,000			11,000,000
Available-for-sale Securities, Equity Securities	789,000,000		789,000,000			821,000,000
Short-term investments	1,916,000,000		1,916,000,000			878,000,000
Assets, Fair Value Disclosure	76,198,000,000		76,198,000,000			73,937,000,000
Marketable Securities, Fixed Maturities	0		0			1,000,000
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities accounted for at fair value on a recurring basis	0		0			0
Level 1 [Member] | ABS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | Collateralized Debt Obligations [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | CMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | Corporate [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | Foreign Government Debt Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | Municipal [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | RMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Level 1 [Member] | U.S. Treasuries [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	463,000,000		463,000,000			620,000,000
Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	53,576,000,000		53,576,000,000			51,573,000,000
Trading Securities, Equity	0		0			0
Available-for-sale Securities, Equity Securities	168,000,000		168,000,000			177,000,000
Short-term investments	2,800,000,000		2,800,000,000			2,366,000,000
Assets, Fair Value Disclosure	95,233,000,000		95,233,000,000			92,960,000,000
Marketable Securities, Fixed Maturities	146,000,000		146,000,000			281,000,000
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities accounted for at fair value on a recurring basis	(653,000,000)		(653,000,000)			(736,000,000)
Level 2 [Member] | ABS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	2,258,000,000		2,258,000,000			2,300,000,000
Level 2 [Member] | Collateralized Debt Obligations [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	2,118,000,000		2,118,000,000			1,502,000,000
Level 2 [Member] | CMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	5,075,000,000		5,075,000,000			4,856,000,000
Level 2 [Member] | Corporate [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	24,908,000,000		24,908,000,000			24,586,000,000
Level 2 [Member] | Foreign Government Debt Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	1,268,000,000		1,268,000,000			1,107,000,000
Level 2 [Member] | Municipal [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	12,198,000,000		12,198,000,000			11,368,000,000
Level 2 [Member] | RMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	2,208,000,000		2,208,000,000			2,795,000,000
Level 2 [Member] | U.S. Treasuries [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	3,543,000,000		3,543,000,000			3,059,000,000
Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	3,795,000,000		3,795,000,000			3,810,000,000
Trading Securities, Equity	0		0			0
Available-for-sale Securities, Equity Securities	98,000,000		98,000,000			99,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(198,000,000)	(440,000,000)	(198,000,000)	(440,000,000)	$ (219,000,000)	(299,000,000)	$ (386,000,000)	$ (288,000,000)
Short-term investments	0		0			0
Assets, Fair Value Disclosure	4,274,000,000		4,274,000,000			4,375,000,000
Marketable Securities, Fixed Maturities	0		0			11,000,000
Liabilities, Fair Value Disclosure [Abstract]
Total liabilities accounted for at fair value on a recurring basis	(154,000,000)		(154,000,000)			(252,000,000)
Level 3 [Member] | ABS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	96,000,000		96,000,000			82,000,000
Level 3 [Member] | Collateralized Debt Obligations [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	339,000,000		339,000,000			414,000,000
Level 3 [Member] | CMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	98,000,000		98,000,000			80,000,000
Level 3 [Member] | Corporate [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	1,136,000,000		1,136,000,000			1,080,000,000
Level 3 [Member] | Foreign Government Debt Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	29,000,000		29,000,000			64,000,000
Level 3 [Member] | Municipal [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	86,000,000		86,000,000			118,000,000
Level 3 [Member] | RMBS [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	2,011,000,000		2,011,000,000			1,972,000,000
Level 3 [Member] | U.S. Treasuries [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Debt Securities	0		0			0
Liability [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	(171,000,000)		(171,000,000)			(274,000,000)
Liability [Member] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	0		0			0
Liability [Member] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	0		0			0
Liability [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	(171,000,000)		(171,000,000)			(274,000,000)
Obligations [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	(27,000,000)		(27,000,000)			(25,000,000)
Obligations [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	(27,000,000)		(27,000,000)			(25,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(27,000,000)		(27,000,000)		(26,000,000)	(25,000,000)
Equity Linked Notes [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	(37,000,000)		(37,000,000)			(33,000,000)
Equity Linked Notes [Member] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	0		0			0
Equity Linked Notes [Member] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	0		0			0
Equity Linked Notes [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure						(33,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(37,000,000)	(28,000,000)	(37,000,000)	(28,000,000)	(36,000,000)	(33,000,000)	(25,000,000)	(26,000,000)
US GMWB Hedging Instruments [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	45,000,000		45,000,000			74,000,000
US GMWB Hedging Instruments [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	40,000,000		40,000,000			20,000,000
US GMWB Hedging Instruments [Member] | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
US GMWB Hedging Instruments [Member] | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
US GMWB Hedging Instruments [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			14,000,000
US GMWB Hedging Instruments [Member] | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	45,000,000		45,000,000			(1,000,000)
US GMWB Hedging Instruments [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	45,000,000		45,000,000			60,000,000
US GMWB Hedging Instruments [Member] | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(5,000,000)		(5,000,000)			21,000,000
GMWB Reinsurance [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	57,000,000		57,000,000			73,000,000
GMWB Reinsurance [Member] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	0		0			0
GMWB Reinsurance [Member] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	0		0			0
GMWB Reinsurance [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	57,000,000		57,000,000			73,000,000
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	58,000,000		58,000,000			68,000,000
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	0		0			0
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	58,000,000		58,000,000			68,000,000
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Reinsurance recoverable for U.S. GMWB	0		0			0
Macro Hedge Program [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	94,000,000		94,000,000			128,000,000
Macro Hedge Program [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	74,000,000		74,000,000			50,000,000
Macro Hedge Program [Member] | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Macro Hedge Program [Member] | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Macro Hedge Program [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	8,000,000		8,000,000			8,000,000
Macro Hedge Program [Member] | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			3,000,000
Macro Hedge Program [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	86,000,000		86,000,000			120,000,000
Macro Hedge Program [Member] | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	74,000,000		74,000,000			47,000,000
ERROR in label resolution. | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	8,000,000		8,000,000			17,000,000
ERROR in label resolution. | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(6,000,000)		(6,000,000)			(13,000,000)
ERROR in label resolution. | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
ERROR in label resolution. | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
ERROR in label resolution. | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	8,000,000		8,000,000			17,000,000
ERROR in label resolution. | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(6,000,000)		(6,000,000)			(13,000,000)
ERROR in label resolution. | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
ERROR in label resolution. | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Equity Contract [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	2,000,000		2,000,000
Equity Contract [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	38,000,000		38,000,000			33,000,000
Equity Contract [Member] | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0
Equity Contract [Member] | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Equity Contract [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	1,000,000		1,000,000
Equity Contract [Member] | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	37,000,000		37,000,000			33,000,000
Equity Contract [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	1,000,000		1,000,000
Equity Contract [Member] | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	1,000,000		1,000,000			0
Foreign Exchange Contract [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						27,000,000
Foreign Exchange Contract [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(267,000,000)		(267,000,000)			(237,000,000)
Foreign Exchange Contract [Member] | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						0
Foreign Exchange Contract [Member] | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Foreign Exchange Contract [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						27,000,000
Foreign Exchange Contract [Member] | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(267,000,000)		(267,000,000)			(237,000,000)
Foreign Exchange Contract [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						0
Foreign Exchange Contract [Member] | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Interest Rate Contract [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	2,000,000		2,000,000			(427,000,000)
Interest Rate Contract [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(488,000,000)		(488,000,000)			(542,000,000)
Interest Rate Contract [Member] | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Interest Rate Contract [Member] | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Interest Rate Contract [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	2,000,000		2,000,000			(427,000,000)
Interest Rate Contract [Member] | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(462,000,000)		(462,000,000)			(521,000,000)
Interest Rate Contract [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Interest Rate Contract [Member] | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(26,000,000)		(26,000,000)			(21,000,000)
Other Contract [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						1,000,000
Other Contract [Member] | Level 1 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						0
Other Contract [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						0
Other Contract [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	73,000,000		73,000,000			100,000,000
Other Contract [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net						1,000,000
Derivative Financial Instruments, Assets [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	151,000,000		151,000,000			(180,000,000)
Derivative Financial Instruments, Assets [Member] | Level 2 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	19,000,000		19,000,000			(361,000,000)
Derivative Financial Instruments, Assets [Member] | Level 3 [Member] | Other Investments [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	132,000,000		132,000,000			181,000,000
Derivative Financial Instruments, Liabilities [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(609,000,000)		(609,000,000)			(689,000,000)
Derivative Financial Instruments, Liabilities [Member] | Level 1 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	0		0			0
Derivative Financial Instruments, Liabilities [Member] | Level 2 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(653,000,000)		(653,000,000)			(736,000,000)
Derivative Financial Instruments, Liabilities [Member] | Level 3 [Member] | Other liabilities [Member]
Assets, Fair Value Disclosure [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	44,000,000		44,000,000			47,000,000
Guaranteed Minimum Withdrawal Benefit [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	(134,000,000)		(134,000,000)			(241,000,000)
Guaranteed Minimum Withdrawal Benefit [Member] | Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	0		0			0
Guaranteed Minimum Withdrawal Benefit [Member] | Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure	0		0			0
Guaranteed Minimum Withdrawal Benefit [Member] | Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Obligations, Fair Value Disclosure						(241,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(134,000,000)	$ (412,000,000)	(134,000,000)	$ (412,000,000)	$ (157,000,000)	(241,000,000)	$ (361,000,000)	$ (262,000,000)
Portion at Other than Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Separate Account Assets	4,200,000,000		4,200,000,000			4,000,000,000
Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Separate Account Assets	$ 882,000,000		$ 882,000,000			$ 1,000,000,000
Hedge Funds [Member] | Separate Accounts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	43.00%		43.00%			39.00%
Private Equity Funds [Member] | Separate Accounts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	13.00%		13.00%			11.00%

XML

Fair Value Measurements Level 4 Significant Unobservable Inputs (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Comparability Adjustments	0.00%		0.00%
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 4,318,000,000	$ 4,428,000,000	$ 4,318,000,000	$ 4,428,000,000	$ 4,422,000,000	$ 4,491,000,000	$ 4,184,000,000	$ 3,911,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(22,000,000)	6,000,000	(80,000,000)	(8,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	35,000,000	48,000,000	67,000,000	31,000,000
Alternative Investments, Fair Value Disclosure	2,445,000,000		2,445,000,000		2,456,000,000
Available-for-sale Securities, Debt Securities	57,834,000,000		57,834,000,000		56,003,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	459,000,000	190,000,000	1,013,000,000	667,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(328,000,000)	(226,000,000)	(474,000,000)	(306,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(100,000,000)	(90,000,000)	(294,000,000)	(129,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	59,000,000	491,000,000	128,000,000	559,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(276,000,000)	(175,000,000)	(464,000,000)	(297,000,000)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(27,000,000)	4,000,000	(87,000,000)	5,000,000
Business Combination, Contingent Consideration, Liability	60		$ 60
Business Combination, Contingent Consideration Arrangements, Change in Range of Outcomes, Contingent Consideration, Liability, Significant Inputs			The future expected payout is discounted back to the valuation date using a risk-adjusted discount rate of 18.8%. The risk-adjusted discount rate is an internally generated and significant unobservable input to fair value.
HIG_FairValueAssetsLevel2ToLevel1TransfersAmounts	0	0	$ 0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	192,000,000	171,000,000	192,000,000	171,000,000	201,000,000	277,000,000	154,000,000	139,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	2,000,000	0	3,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	3,000,000	2,000,000	7,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(198,000,000)	(440,000,000)	(198,000,000)	(440,000,000)	(299,000,000)	(219,000,000)	(386,000,000)	(288,000,000)
Available-for-sale Securities, Debt Securities	3,795,000,000		3,795,000,000		3,810,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	38,000,000	(38,000,000)	134,000,000	(119,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(17,000,000)	(16,000,000)	(33,000,000)	(33,000,000)
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	38,000,000	(38,000,000)	134,000,000	(119,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	13,000,000	22,000,000	111,000,000	61,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(2,000,000)	(3,000,000)	(7,000,000)	(9,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(34,000,000)	(6,000,000)	(42,000,000)	(16,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	7,000,000	3,000,000	10,000,000	6,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	71,000,000	2,000,000	86,000,000	(17,000,000)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	0	1,000,000
Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	176,000,000	279,000,000	176,000,000	279,000,000	228,000,000	185,000,000	271,000,000	267,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(9,000,000)	2,000,000	(57,000,000)	(8,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	5,000,000	16,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	(2,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	6,000,000	0	6,000,000
Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	6,000,000	0	6,000,000	$ 11,000,000		14,000,000	16,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings		1,000,000	0	(1,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)		0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		1,000,000	4,000,000	6,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements		(1,000,000)	(2,000,000)	(2,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales		(3,000,000)	(13,000,000)	(3,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3		0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		6,000,000		(10,000,000)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	0	$ 0	(1,000,000)
CMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Discounted cash flows		Discounted cash flows
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
CMBS [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			1816.00%		1273.00%
CMBS [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			9.00%		10.00%
CMBS [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			466.00%		366.00%
Corporate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Discounted cash flows		Discounted cash flows
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Corporate [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			944.00%		1302.00%
Corporate [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			108.00%		122.00%
Corporate [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			303.00%		359.00%
Municipal [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Discounted cash flows		Discounted cash flows
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Municipal [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Treasury Yield			222.00%		286.00%
Municipal [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Treasury Yield			166.00%		135.00%
Municipal [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Treasury Yield			183.00%		221.00%
RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Discounted cash flows		Discounted cash flows
RMBS [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			624.00%		1830.00%
Fair Value Inputs, Prepayment Rate			14.00%		20.00%
Fair Value Inputs, Probability of Default			10.00%		11.00%
Fair Value Inputs, Loss Severity			100.00%		100.00%
RMBS [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			40.00%		16.00%
Fair Value Inputs, Prepayment Rate			0.00%		0.00%
Fair Value Inputs, Probability of Default			2.00%		0.00%
Fair Value Inputs, Loss Severity			0.00%		0.00%
RMBS [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Counterparty Credit Risk			126.00%		192.00%
Fair Value Inputs, Prepayment Rate			5.00%		4.00%
Fair Value Inputs, Probability of Default			5.00%		5.00%
Fair Value Inputs, Loss Severity			71.00%		75.00%
Reinsurance Recoverable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	57,000,000		$ 57,000,000		$ 73,000,000	60,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(7,000,000)		(23,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(4,000,000)		(7,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0		$ 0
Spread [Member] | CMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Spread (encompasses prepayment, default risk and loss severity)		Spread (encompasses prepayment, default risk and loss severity)
Spread [Member] | Corporate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Spread		Spread
Spread [Member] | Municipal [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Spread		Spread
Spread [Member] | RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Spread		Spread
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Prepayment Rate [Member] | RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Constant prepayment rate		Constant prepayment rate
Positive or negative relationship of change in input to change in fair value measurement			Decrease [5]		Decrease [5]
Probability of Default [Member] | RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Constant default rate		Constant default rate
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Loss Severity [Member] | RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Significant Assumptions			Loss severity		Loss severity
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Asset-backed Securities [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,354,000,000		$ 2,354,000,000		$ 2,382,000,000
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	96,000,000		96,000,000		82,000,000
Foreign Government Debt Securities [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	1,297,000,000		1,297,000,000		1,171,000,000
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	29,000,000		29,000,000		64,000,000
RMBS [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	4,219,000,000		4,219,000,000		4,767,000,000
RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,011,000,000		2,011,000,000		1,972,000,000
Municipal [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	12,284,000,000		12,284,000,000		11,486,000,000
Municipal [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	86,000,000		86,000,000		118,000,000
Corporate [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	26,044,000,000		26,044,000,000		25,666,000,000
Corporate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	1,136,000,000		1,136,000,000		1,080,000,000
CMBS [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	5,173,000,000		5,173,000,000		4,936,000,000
CMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	98,000,000		98,000,000		80,000,000
Collateralized Debt Obligations [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,457,000,000		2,457,000,000		1,916,000,000
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	339,000,000		339,000,000		414,000,000
Fair Value, Measurements, Recurring [Member] | RMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,002,000,000		2,002,000,000		1,963,000,000
Fair Value, Measurements, Recurring [Member] | Municipal [Member] | Non-Broker Priced [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	70,000,000		70,000,000		101,000,000
Fair Value, Measurements, Recurring [Member] | Corporate [Member] | Non-Broker Priced [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	489,000,000		489,000,000		510,000,000
Fair Value, Measurements, Recurring [Member] | CMBS [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	51,000,000		$ 51,000,000		$ 52,000,000
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Withdrawal Utilization [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Withdrawal Utilization [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			100.00%		100.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Withdrawal Utilization [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			15.00%		15.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Withdrawal Rates [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Withdrawal Rates [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			8.00%		8.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Withdrawal Rates [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			0.00%		0.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Lapse Rates [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Lapse Rates [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			40.00%		40.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Lapse Rates [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			0.00%		0.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Reset Elections [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Reset Elections [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			75.00%		75.00%
Living Benefits Required to be Fair Valued and the GMWB Reinsurance Derivative [Member] | Reset Elections [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			20.00%		20.00%
Equity Contract [Member] | Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	2,000,000	1,000,000	$ 2,000,000	1,000,000	$ 0	4,000,000	5,000,000	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(2,000,000)	(4,000,000)	(3,000,000)	(15,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	5,000,000	16,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	$ 0	0
Other Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Discounted cash flows		Discounted cash flows
Fair Value Measurements, Significant Assumptions			Equity volatility		Equity volatility
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Derivative Assets (Liabilities), at Fair Value, Net	73,000,000		$ 73,000,000		$ 100,000,000
Other Contract [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			30.00%		30.00%
Other Contract [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			9.00%		12.00%
Other Contract [Member] | Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	0	4,000,000	$ 0	4,000,000	$ 1,000,000	0	5,000,000	7,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(1,000,000)	(1,000,000)	(3,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	$ 0	0
Other Contract [Member] | Equity Volatility [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Other Contract [Member] | Equity Volatility [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			30.00%		30.00%
Other Contract [Member] | Equity Volatility [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Unobservable Input Range			9.00%		12.00%
Equity Option [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Option model		Option model
Fair Value Measurements, Significant Assumptions			Equity volatility		Equity volatility
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Derivative Assets (Liabilities), at Fair Value, Net	171,000,000		$ 171,000,000		$ 188,000,000
Equity Option [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			26.00%		28.00%
Equity Option [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			15.00%		17.00%
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Discounted cash flows		Discounted cash flows
Fair Value Measurements, Significant Assumptions			Swap curve beyond 30 years		Swap curve beyond 30 years
Positive or negative relationship of change in input to change in fair value measurement			Decrease		Decrease
Derivative Assets (Liabilities), at Fair Value, Net	(29,000,000)		$ (29,000,000)		$ (29,000,000)
Interest Rate Swap [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Unobservable Swap Curve			3.00%		3.00%
Interest Rate Swap [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Unobservable Swap Curve			3.00%		3.00%
Interest Rate Swaption [Member] | Long [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Option model		Option model
Fair Value Measurements, Significant Assumptions			Interest rate volatility		Interest rate volatility
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Derivative Assets (Liabilities), at Fair Value, Net	3,000,000		$ 3,000,000		$ 8,000,000
Interest Rate Swaption [Member] | Long [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			2.00%		2.00%
Interest Rate Swaption [Member] | Long [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			2.00%		2.00%
Variance Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Option model		Option model
Fair Value Measurements, Significant Assumptions			Equity volatility		Equity volatility
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Derivative Assets (Liabilities), at Fair Value, Net	(39,000,000)		$ (39,000,000)		$ (36,000,000)
Variance Swap [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			20.00%		23.00%
Variance Swap [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			16.00%		20.00%
Reinsurance Recoverable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		106,000,000		106,000,000			99,000,000	83,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings		3,000,000		16,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements		(4,000,000)		(7,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(7,000,000)	3,000,000	$ (23,000,000)	16,000,000
U.S. Macro Hedge Program [Member] | Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	160,000,000	141,000,000	160,000,000	141,000,000	$ 167,000,000	159,000,000	145,000,000	147,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	1,000,000	(4,000,000)	(7,000,000)	(4,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	(2,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	0	0
U.S. GMWB Hedging Instruments [Member] | Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	40,000,000	165,000,000	40,000,000	165,000,000	81,000,000	46,000,000	144,000,000	135,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(6,000,000)	15,000,000	(41,000,000)	24,000,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	6,000,000	0	6,000,000
Interest Rate Contract [Member] | Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(26,000,000)	(32,000,000)	(26,000,000)	(32,000,000)	(21,000,000)	(24,000,000)	(28,000,000)	(22,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(2,000,000)	(4,000,000)	(5,000,000)	(10,000,000)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	0	0
Available-for-sale Securities [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3,795,000,000	3,769,000,000	3,795,000,000	3,769,000,000	3,810,000,000	3,870,000,000	3,554,000,000	3,313,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(8,000,000)	(1,000,000)	(3,000,000)	(15,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	36,000,000	40,000,000	70,000,000	17,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	446,000,000	165,000,000	889,000,000	582,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(330,000,000)	(226,000,000)	(472,000,000)	(300,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(66,000,000)	(78,000,000)	(239,000,000)	(105,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	52,000,000	488,000,000	118,000,000	553,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	205,000,000	173,000,000	378,000,000	(276,000,000)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(12,000,000)	(1,000,000)	(13,000,000)	(2,000,000)
Available-for-sale Securities [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	98,000,000	97,000,000	98,000,000	97,000,000	99,000,000	99,000,000	92,000,000	93,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	1,000,000	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(1,000,000)	5,000,000	(5,000,000)	7,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0	2,000,000	4,000,000	2,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	(3,000,000)	0	(5,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
Available-for-sale Securities [Member] | Asset-backed Securities [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	96,000,000	41,000,000	96,000,000	41,000,000	82,000,000	125,000,000	32,000,000	37,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	25,000,000		70,000,000	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(1,000,000)	(4,000,000)	(6,000,000)	(7,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	13,000,000	26,000,000	18,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	53,000,000	0	76,000,000	7,000,000
Available-for-sale Securities [Member] | Foreign Government Debt Securities [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	29,000,000	72,000,000	29,000,000	72,000,000	64,000,000	66,000,000	76,000,000	60,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	1,000,000	0	1,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	4,000,000	3,000,000	9,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	6,000,000	1,000,000	6,000,000	15,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(1,000,000)	(1,000,000)	(2,000,000)	(2,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(2,000,000)	(9,000,000)	(2,000,000)	(11,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	40,000,000	0	40,000,000	0
Available-for-sale Securities [Member] | RMBS [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,011,000,000	1,873,000,000	2,011,000,000	1,873,000,000	1,972,000,000	2,048,000,000	1,886,000,000	1,622,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	27,000,000	10,000,000	33,000,000	(4,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	50,000,000	97,000,000	223,000,000	430,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(114,000,000)	(101,000,000)	(210,000,000)	(158,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	0	(7,000,000)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	3,000,000	0	5,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	22,000,000	0	(22,000,000)
Available-for-sale Securities [Member] | Municipal [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	86,000,000	90,000,000	86,000,000	90,000,000	118,000,000	117,000,000	50,000,000	49,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	4,000,000	0	4,000,000	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(1,000,000)	4,000,000	4,000,000	5,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0	20,000,000	0	20,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(34,000,000)		(40,000,000)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	16,000,000	0	16,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
Available-for-sale Securities [Member] | Corporate [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,136,000,000	1,136,000,000	1,136,000,000	1,136,000,000	1,080,000,000	1,078,000,000	834,000,000	854,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(12,000,000)	(1,000,000)	(6,000,000)	(14,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	14,000,000	19,000,000	30,000,000	12,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	46,000,000	37,000,000	215,000,000	67,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(4,000,000)	(50,000,000)	(40,000,000)	(55,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(30,000,000)	(66,000,000)	(190,000,000)	(91,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	52,000,000	455,000,000	92,000,000	513,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	8,000,000	(92,000,000)	45,000,000	150,000,000
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(12,000,000)	(1,000,000)	(12,000,000)	(1,000,000)
Available-for-sale Securities [Member] | CMBS [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	98,000,000	79,000,000	98,000,000	79,000,000	80,000,000	117,000,000	134,000,000	150,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0	(1,000,000)	(1,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	1,000,000	5,000,000	1,000,000	(3,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	19,000,000	10,000,000	75,000,000	50,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(3,000,000)	(9,000,000)	(6,000,000)	(18,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	(3,000,000)	0	(3,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	1,000,000	0	1,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	36,000,000	59,000,000	51,000,000	(97,000,000)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	0	(1,000,000)	(1,000,000)
Available-for-sale Securities [Member] | Collateralized Debt Obligations [Member] | Fixed Maturities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	339,000,000	478,000,000	339,000,000	478,000,000	$ 414,000,000	319,000,000	542,000,000	541,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	(1,000,000)	0	(1,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(5,000,000)	(2,000,000)	(1,000,000)	(2,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	300,000,000	0	300,000,000	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(207,000,000)	(61,000,000)	(208,000,000)	(60,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	68,000,000	0	$ 166,000,000	0
Hedge Funds, Equity [Member] | Equity Option [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Techniques			Option model		Option model
Fair Value Measurements, Significant Assumptions			Equity volatility		Equity volatility
Positive or negative relationship of change in input to change in fair value measurement			Increase		Increase
Derivative Assets (Liabilities), at Fair Value, Net	6,000,000		$ 6,000,000		$ 17,000,000
Hedge Funds, Equity [Member] | Equity Option [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			28.00%		30.00%
Hedge Funds, Equity [Member] | Equity Option [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate			26.00%		27.00%
Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	39,000,000	(38,000,000)	$ 136,000,000	(119,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(17,000,000)	(16,000,000)	(33,000,000)	(33,000,000)
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	39,000,000	(38,000,000)	136,000,000	(119,000,000)
Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(171,000,000)	(440,000,000)	(171,000,000)	(440,000,000)	$ (274,000,000)	(193,000,000)	(386,000,000)	(288,000,000)
Other Liabilities [Member] | Equity Contract [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	38,000,000		38,000,000		33,000,000
Other Liabilities [Member] | Equity Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	1,000,000		1,000,000		0
Other Liabilities [Member] | Macro Hedge Program [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	74,000,000		74,000,000		50,000,000
Other Liabilities [Member] | Macro Hedge Program [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	74,000,000		74,000,000		47,000,000
Other Liabilities [Member] | U.S. GMWB Hedging Instruments [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	40,000,000		40,000,000		20,000,000
Other Liabilities [Member] | U.S. GMWB Hedging Instruments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(5,000,000)		(5,000,000)		21,000,000
Other Liabilities [Member] | Interest Rate Contract [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(488,000,000)		(488,000,000)		(542,000,000)
Other Liabilities [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ (26,000,000)		$ (26,000,000)		$ (21,000,000)
Separate Accounts [Member] | Hedge Funds [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	43.00%		43.00%		39.00%
Separate Accounts [Member] | Private Equity Funds [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	13.00%		13.00%		11.00%
Equity Linked Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	$ (37,000,000)	(28,000,000)	$ (37,000,000)	(28,000,000)	$ (33,000,000)	(36,000,000)	(25,000,000)	(26,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(1,000,000)	(3,000,000)	(4,000,000)	(2,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	0		0	0
Equity Linked Notes [Member] | Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements		0
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(1,000,000)	(3,000,000)	(4,000,000)	(2,000,000)
Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(27,000,000)		(27,000,000)		(25,000,000)	(26,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(1,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	0		0
Obligations [Member] | Other Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(1,000,000)	0	(2,000,000)	0
Guaranteed Minimum Withdrawal Benefit [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(134,000,000)	(412,000,000)	(134,000,000)	(412,000,000)	$ (241,000,000)	$ (157,000,000)	$ (361,000,000)	$ (262,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	40,000,000	(35,000,000)	140,000,000	(117,000,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(17,000,000)	(16,000,000)	(33,000,000)	(33,000,000)
Guaranteed Minimum Withdrawal Benefit [Member] | Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	$ 40,000,000	$ (35,000,000)	$ 140,000,000	$ (117,000,000)

XML

Fair Value Measurements Level 4 Fair Value Level 3 Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Equity Securities, Amortized Cost Basis	$ 964		$ 964			$ 1,020
Available-for-sale Securities, Debt Securities	57,834		57,834			56,003
Financial and Nonfinancial Liabilities, Fair Value Disclosure	807		807			988
Other Short-term Investments	4,716		4,716			3,244
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	4,318	$ 4,428	4,318	$ 4,428	$ 4,491	4,422	$ 4,184	$ 3,911
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(22)	6	(80)	(8)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	35	48	67	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	459	190	1,013	667
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(328)	(226)	(474)	(306)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(100)	(90)	(294)	(129)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	59	491	128	559
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	276	175	464	297
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(27)	4	(87)	5
Marketable Securities, Fixed Maturities	146		146			293
Trading Securities, Equity	11		11			11
Available-for-sale Securities, Equity Securities	1,055		1,055			1,097
Separate Account Assets	116,746		116,746			115,665
Assets, Fair Value Disclosure	176,587		176,587			172,243
Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets, Fair Value Disclosure	146		146			293
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Assets, Fair Value Disclosure	0		0			0
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	463		463			620
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0			0
Other Short-term Investments	1,916		1,916			878
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Marketable Securities, Fixed Maturities	0		0			1
Trading Securities, Equity	11		11			11
Available-for-sale Securities, Equity Securities	789		789			821
Assets, Fair Value Disclosure	76,198		76,198			73,937
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	53,576		53,576			51,573
Financial and Nonfinancial Liabilities, Fair Value Disclosure	653		653			736
Other Short-term Investments	2,800		2,800			2,366
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Marketable Securities, Fixed Maturities	146		146			281
Trading Securities, Equity	0		0			0
Available-for-sale Securities, Equity Securities	168		168			177
Assets, Fair Value Disclosure	95,233		95,233			92,960
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	3,795		3,795			3,810
Financial and Nonfinancial Liabilities, Fair Value Disclosure	154		154			252
Other Short-term Investments	0		0			0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	192	171	192	171	277	201	154	139
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	2	0	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	3	2	7
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	13	22	111	61
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(2)	(3)	(7)	(9)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(34)	(6)	(42)	(16)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	7	3	10	6
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(71)	(2)	(86)	17
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(198)	(440)	(198)	(440)	(219)	(299)	(386)	(288)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(17)	(16)	(33)	(33)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	0	1
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	38	(38)	134	(119)
Marketable Securities, Fixed Maturities	0		0			11
Trading Securities, Equity	0		0			0
Available-for-sale Securities, Equity Securities	98		98			99
Assets, Fair Value Disclosure	4,274		4,274			4,375
Fair Value, Inputs, Level 3 [Member] | Reinsurance Recoverable [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	57		57		60	73
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(7)		(23)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(4)		(7)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0		0
Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	6	0	6		11	14	16
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings		1	0	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)		0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		1	4	6
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements		(1)	(2)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales		(3)	(13)	(3)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3		0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		(6)		10
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	0	0	(1)
Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	(6)	0	(6)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	176	279	176	279	185	228	271	267
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(9)	2	(57)	(8)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	5	16
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(8)	2	(52)	(8)
Guaranteed Minimum Withdrawal Benefit [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(134)	(412)	(134)	(412)	(157)	(241)	(361)	(262)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(17)	(16)	(33)	(33)
Equity Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	2	1	2	1	4	0	5	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(2)	(4)	(3)	(15)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	5	16
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(2)	(4)	(2)	(15)
Interest Rate Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(26)	(32)	(26)	(32)	(24)	(21)	(28)	(22)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(2)	(4)	(5)	(10)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(2)	(4)	(2)	(10)
Other Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	0	4	0	4	0	1	5	7
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(1)	(1)	(3)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	(1)	0	(3)
US Macro Hedge Program [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	160	141	160	141	159	167	145	147
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	1	(4)	(7)	(4)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	2	(4)	(6)	(4)
Reinsurance Recoverable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		106		106			99	83
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings		3		16
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements		(4)		(7)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(7)	3	(23)	16
US GMWB Hedging Instruments [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers into Level 3	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers out of Level 3	0	(6)	0	(6)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	40	165	40	165	46	81	144	135
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(6)	15	(41)	24
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Sales	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(6)	15	(42)	24
Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	(17)	(16)	(33)	(33)
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	39	(38)	136	(119)
Other Policyholder Funds and Benefits Payable [Member] | Guaranteed Minimum Withdrawal Benefit [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	40	(35)	140	(117)
Equity Linked Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(37)	(28)	(37)	(28)	(36)	(33)	(25)	(26)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	0		0	0
Equity Linked Notes [Member] | Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements		0
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(1)	(3)	(4)	(2)
Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(27)		(27)		(26)	(25)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	0		0
Fair Value, Measurements, Recurring [Member] | Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	(171)	(440)	(171)	(440)	(193)	(274)	(386)	(288)
Fair Value, Measurements, Recurring [Member] | Obligations [Member] | Other Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(1)	0	(2)	0
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Available-for-sale Securities, Equity Securities	0		0			0
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3,795	3,769	3,795	3,769	3,870	3,810	3,554	3,313
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(8)	(1)	(3)	(15)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	36	40	70	17
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	446	165	889	582
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(330)	(226)	(472)	(300)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(66)	(78)	(239)	(105)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	52	488	118	553
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(205)	(173)	(378)	276
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(12)	(1)	(13)	(2)
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	98	97	98	97	99	99	92	93
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	1	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(1)	5	(5)	7
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0	2	4	2
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	(3)	0	(5)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
US Treasury Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	4,006		4,006			3,679
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	463		463			620
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	3,543		3,543			3,059
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Residential Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	4,219		4,219			4,767
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,208		2,208			2,795
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,011		2,011			1,972
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,002		2,002			1,963
Residential Mortgage Backed Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,011	1,873	2,011	1,873	2,048	1,972	1,886	1,622
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	27	10	33	(4)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	50	97	223	430
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(114)	(101)	(210)	(158)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	0	(7)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	3	0	5
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	(22)	0	22
Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	26,044		26,044			25,666
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	24,908		24,908			24,586
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	1,136		1,136			1,080
Corporate Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,136	1,136	1,136	1,136	1,078	1,080	834	854
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(12)	(1)	(6)	(14)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	14	19	30	12
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	46	37	215	67
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(4)	(50)	(40)	(55)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(30)	(66)	(190)	(91)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	52	455	92	513
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(8)	92	(45)	(150)
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(12)	(1)	(12)	(1)
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	12,284		12,284			11,486
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	12,198		12,198			11,368
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	86		86			118
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	86	90	86	90	117	118	50	49
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	4	0	4	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(1)	4	4	5
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0	20	0	20
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(34)		(40)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	16	0	16
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0	0	0	0
Collateralized Debt Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,457		2,457			1,916
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,118		2,118			1,502
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	339		339			414
Collateralized Debt Obligations [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	339	478	339	478	319	414	542	541
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	(1)	0	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(5)	(2)	(1)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	300	0	300	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(207)	(61)	(208)	(60)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(68)	0	(166)	0
Commercial Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	5,173		5,173			4,936
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	5,075		5,075			4,856
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	98		98			80
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	51		51			52
Commercial Mortgage Backed Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	98	79	98	79	117	80	134	150
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0	(1)	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	1	5	1	(3)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	19	10	75	50
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(3)	(9)	(6)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	(3)	0	(3)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	1	0	1
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(36)	(59)	(51)	97
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0	0	(1)	(1)
Asset-backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,354		2,354			2,382
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	2,258		2,258			2,300
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	96		96			82
Asset-backed Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	96	41	96	41	125	82	32	37
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	25		70	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(1)	(4)	(6)	(7)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	0	0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	13	26	18
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	(53)	0	(76)	(7)
Foreign Government Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	1,297		1,297			1,171
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	0		0			0
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	1,268		1,268			1,107
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available-for-sale Securities, Debt Securities	29		29			64
Foreign Government Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fixed Maturities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	29	72	29	72	$ 66	$ 64	$ 76	$ 60
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	1	0	1
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	4	3	9
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	6	1	6	15
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(1)	(1)	(2)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	(2)	(9)	(2)	(11)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	$ (40)	$ 0	$ (40)	$ 0

XML

Fair Value Measurements Level 4 Fair Value Option (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 3	$ 4	$ 2	$ (30)
Available-for-sale Securities, Equity Securities	1,055		1,055		$ 1,097
Available-for-sale Equity Securities, Amortized Cost Basis	964		964		1,020
Fair Value of Assets Accounted for Using Fair Value Option	176,587		176,587		172,243
Corporate Debt Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	0	0	(1)	0
Foreign Government Debt Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	0	0	0	(1)
Residential Mortgage Backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	0	4	1	5
Fixed Maturities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	0	4	0	4
Equity Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	3	$ 0	2	$ (34)
Available-for-sale Securities, Equity Securities	0		0		0
Equity Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	0		0		0
Fixed Maturities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	146		146		293
Fixed Maturities [Member] | Asset-backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	0		0		7
Fixed Maturities [Member] | Corporate Debt Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	0		0		40
Fixed Maturities [Member] | Collateralized Debt Obligations [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	0		0		3
Fixed Maturities [Member] | Commercial Mortgage Backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	0		0		8
Fixed Maturities [Member] | Residential Mortgage Backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	146		146		228
Fixed Maturities [Member] | US Treasury Bond Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value of Assets Accounted for Using Fair Value Option	$ 0		$ 0		$ 7

XML

Fair Value Measurements Level 4 Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 225,863	$ 223,432
Assets, Fair Value Disclosure	176,587	172,243
Liabilities	208,575	206,529
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,274	4,375
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	95,233	92,960
Reported Value Measurement [Member] | Other Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	10	20
Reported Value Measurement [Member] | Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	6,403	6,714
Reported Value Measurement [Member] | Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	3,555	3,969
Reported Value Measurement [Member] | Junior Subordinated Debt [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	1,582	1,083
Reported Value Measurement [Member] | Investment Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	514	487
Reported Value Measurement [Member] | Policy Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1,433	1,444
Reported Value Measurement [Member] | Mortgages [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5,796	5,697
Estimate of Fair Value Measurement [Member] | Other Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure	10	20
Estimate of Fair Value Measurement [Member] | Other Policyholder Funds and Benefits Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure	6,603	6,906
Estimate of Fair Value Measurement [Member] | Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure	4,200	4,487
Estimate of Fair Value Measurement [Member] | Junior Subordinated Debt [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure	1,756	1,246
Estimate of Fair Value Measurement [Member] | Investment Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure	541	526
Estimate of Fair Value Measurement [Member] | Policy Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1,433	1,444
Estimate of Fair Value Measurement [Member] | Mortgages [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 5,871	$ 5,721

XML

Investment Holding Level 4 Net Realized Capital Gains (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Available-for-sale Securities, Gross Realized Gains	$ 140	$ 124	$ 252	$ 214
Available-for-sale Securities, Gross Realized Losses	31	25	106	133
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	14	7	15	30
Foreign Currency Transaction Gain (Loss), before Tax	13	(87)	0	(131)
Realized Investment Gains (Losses)	75	53	55	(102)
Gain (Loss) on Investments, Excluding Other than Temporary Impairments	89	60	70	(72)
Proceeds from Sale of Available-for-sale Securities	6,300	4,100	13,000	9,000
Not Designated as Hedging Instrument [Member]
Derivative, Gain (Loss) on Derivative, Net	(40)	42	(87)	13
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Gain (Loss) on Investments, Excluding Other than Temporary Impairments	95	92	131	51
Mortgages [Member]
Valuation Allowances and Reserves, Additions for Adjustments	2	0	2	0
Other Investments [Member]
Realized Investment Gains (Losses)	0	(17)	14	(95)
Variable Annuity [Member]
Derivative, Gain (Loss) on Derivative, Net	(18)	(17)	(86)	(48)
Macro Hedge Program [Member] | Not Designated as Hedging Instrument [Member]
Derivative, Gain (Loss) on Derivative, Net	(38)	(20)	(124)	(34)
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Derivative, Gain (Loss) on Derivative, Net	(17)	82	(6)	121
Other Credit Derivatives [Member] | Not Designated as Hedging Instrument [Member]
Derivative, Gain (Loss) on Derivative, Net	$ (5)	$ (23)	$ 5	$ (60)

XML

Investment Holding Level 4 Other-Than-Temporary Impairment Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Held-to-maturity Securities	$ 13	$ 5	$ 14	$ 23
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	14	7	15	30
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	14	7	15	30
Other than Temporary Impairment Losses, Investments	14	7	15	30
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	236	293	236	293	$ 260	$ 280	$ 336	$ 324
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment	0	4	1	21
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	13	1	13	2
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	29	35	41	36
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Cash Flows	8	13	17	18
Available-for-sale Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	0	1	0	3
Equity Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	$ 1	$ 1	$ 1	$ 4

XML

Investment Holding Level 4 Available-for-Sale Securities (Details) $ in Millions	Jun. 30, 2017 USD ($) securities	Dec. 31, 2016 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	$ 54,800	$ 53,805
Available-for-sale Equity Securities, Amortized Cost Basis	964	1,020
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	3,261	2,704
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	111	96
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	227	506
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(20)	(19)
Available-for-sale Securities, Debt Securities	57,834	56,003
Available-for-sale Securities, Equity Securities	1,055	1,097
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	7	6
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	2,113	1,896
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	8,954	9,015
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	9,282	9,038
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	20,458	19,962
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	13,993	13,894
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	2,132	1,912
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	9,224	9,289
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	9,627	9,245
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	22,648	21,556
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	14,203	14,001
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	10,748	14,274
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	10,585	13,868
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	163	406
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	1,897	2,565
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,813	2,446
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	84	119
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	12,645	16,839
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	12,398	16,314
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 247	525
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities	2,788
Percentage of Gross Unrealized Losses Depressed Less than Twenty Percent of Cost or Amortized Cost	94.00%
Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	$ 10,558	13,944
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	10,412	13,553
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	146	391
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	1,872	2,527
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,791	2,412
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	81	115
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	12,430	16,471
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	12,203	15,965
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	227	506
Municipal Bonds [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	960	1,567
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	932	1,498
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	28	69
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	8	43
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	7	41
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1	2
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	968	1,610
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	939	1,539
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	29	71
Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	2,350	2,396
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	21	17
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	17	31
Available-for-sale Securities, Debt Securities	2,354	2,382
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	637	582
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	636	579
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1	3
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	229	368
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	213	340
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	16	28
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	866	950
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	849	919
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	17	31
Collateralized Debt Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	2,427	1,853
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	33	67
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	3	4
Available-for-sale Securities, Debt Securities	2,457	1,916
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	1,432	641
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,430	640
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2	1
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	184	370
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	183	367
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1	3
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	1,616	1,011
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,613	1,007
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	3	4
Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	5,085	4,907
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	127	97
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	39	68
Available-for-sale Securities, Debt Securities	5,173	4,936
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	7	6
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	1,438	2,076
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,412	2,027
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	26	49
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	157	293
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	144	274
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	13	19
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	1,595	2,369
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,556	2,301
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	39	68
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	24,307	24,380
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	1,842	1,510
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	105	224
Available-for-sale Securities, Debt Securities	26,044	25,666
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	3,442	5,418
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	3,381	5,248
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	61	170
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	1,085	835
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,041	781
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	44	54
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	4,527	6,253
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	4,422	6,029
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	105	224
Foreign Government Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	1,249	1,164
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	56	33
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	8	26
Available-for-sale Securities, Debt Securities	1,297	1,171
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	270	573
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	266	550
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	4	23
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	53	27
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	49	24
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	4	3
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	323	600
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	315	574
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	8	26
US States and Political Subdivisions Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	11,461	10,825
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	852	732
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	29	71
Available-for-sale Securities, Debt Securities	12,284	11,486
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	4,131	4,738
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	95	66
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	7	37
Available-for-sale Securities, Debt Securities	4,219	4,767
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	635	1,655
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	630	1,624
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	5	31
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	156	591
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	154	585
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	2	6
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	791	2,246
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	784	2,209
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	7	37
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	3,790	3,542
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	235	182
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	19	45
Available-for-sale Securities, Debt Securities	4,006	3,679
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	1,744	1,432
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,725	1,387
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	19	45
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	1,744	1,432
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,725	1,387
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	19	45
Equity Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Amortized Cost	190	330
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	173	315
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	17	15
Available-for-sale Securities Continuous Unrealized Loss Position Twelve Months or Longer Amortized Cost	25	38
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	22	34
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3	4
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	215	368
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	195	349
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	20	19
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	0	0
Available-for-sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Equity Securities, Amortized Cost Basis	964	1,020
Available-for-sale Securities, Amortized Cost Basis	55,764	54,825
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	3,372	2,800
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	247	525
Available-for-sale Securities, Equity Securities	1,055	1,097
Available-for-sale Securities	58,889	57,100
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	7	6
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	40,807	39,911
Available-for-sale Securities, Debt Securities	$ 43,631	$ 42,002

XML

Investment Holding Level 4 Concentration of Credit Risk (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Concentration of Risk, Financial Assets, Balance Sheet Groupings [Abstract]
Fair Value, Concentration of Risk, Investments	$ 0	$ 0
Risks and Uncertainties [Abstract]
Concentration Risk, Additional Characteristic	greater than 10% of the Company's stockholders' equity	greater than 10% of the Company's stockholders' equity

XML

Investment Holding Level 4 Mortgage Loans (Details)	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Mortgage Loans on Real Estate [Line Items]
Current Weighted Average Loan to Value Ratio of Commercial Mortgage Loan		50.00%
Variable Interest Entity, Commitments by Third Parties, Liquidity and Other Arrangements	As of June 30, 2017 and December 31, 2016, the Company has outstanding commitments totaling $1.1 billion and $1.2 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.	As of June 30, 2017 and December 31, 2016, the Company has outstanding commitments totaling $1.1 billion and $1.2 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 5,796,000,000		$ 5,697,000,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Original Weighted Average Loan to Value Ratio of Commercial Mortgage loan		62.00%
Servicing Asset [Abstract]
Servicing Asset at Fair Value, Amount		$ 0		0
Commercial Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate		5,800,000,000		5,700,000,000
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		5,796,000,000		5,697,000,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Allowance for Loan and Lease Losses, Real Estate		1,000,000	$ 19,000,000	$ 19,000,000	$ 23,000,000
Allowance for Loan and Lease Losses, Period Increase (Decrease)		1,000,000	0
Allowance for Loan and Lease Losses, Write-offs		$ 19,000,000	$ 4,000,000
Average Debt Service Coverage Ratio		2.69		2.70
Allowance for Loan and Lease Losses [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 29,000,000		$ 31,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		0		0
Nonperforming Financial Instruments [Member] | Commercial Loan [Member]
Movement in Mortgage Loans on Real Estate [Roll Forward]
Mortgage Loans on Real Estate, Principal Amount of Delinquent Loans		0		1
Mortgages [Member] | Commercial Loan [Member]
Movement in Mortgage Loans on Real Estate [Roll Forward]
Mortgage Loans on Real Estate, Principal Amount of Delinquent Loans				15,000,000
Mortgage Loans on Real Estate, Write-down or Reserve, Amount				16,000,000
LTV 80 to 100 Percent [Member] | Commercial Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 5,000,000		$ 20,000,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Average Debt Service Coverage Ratio		1.36		0.59
LTV Between 65 to 80 Percent [Member] | Commercial Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 416,000,000		$ 568,000,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Average Debt Service Coverage Ratio		2.23		2.17
LTV Less than 65 Percent [Member] | Commercial Loan [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 5,375,000,000		$ 5,109,000,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Average Debt Service Coverage Ratio		2.73		2.78
East North Central [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 293,000,000		$ 293,000,000
East South Central [Member] [Domain]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		14,000,000		14,000,000
Middle Atlantic [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		544,000,000		534,000,000
Mountain [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		76,000,000		61,000,000
New England [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		388,000,000		345,000,000
Pacific [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		1,671,000,000		1,609,000,000
South Atlantic [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		1,265,000,000		1,198,000,000
West North Central [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		40,000,000		40,000,000
West South Central [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		347,000,000		338,000,000
Region Others [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 1,158,000,000		$ 1,265,000,000
Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		100.00%		100.00%
Mortgages [Member] | East North Central [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		5.10%		5.10%
Mortgages [Member] | East South Central [Member] [Domain]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		0.20%		0.20%
Mortgages [Member] | Middle Atlantic [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		9.40%		9.40%
Mortgages [Member] | Mountain [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		1.30%		1.10%
Mortgages [Member] | New England [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		6.70%		6.10%
Mortgages [Member] | Pacific [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		28.80%		28.30%
Mortgages [Member] | South Atlantic [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		21.80%		21.00%
Mortgages [Member] | West North Central [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		0.70%		0.70%
Mortgages [Member] | West South Central [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		6.00%		5.90%
Mortgages [Member] | Region Others [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		20.00%		22.20%
agriculture loans [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 4,000,000		$ 16,000,000
agriculture loans [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		0.10%		0.30%
Industrial Property [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 1,439,000,000		$ 1,468,000,000
Industrial Property [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		24.80%		25.70%
Hotel [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 25,000,000		$ 25,000,000
Hotel [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		0.40%		0.40%
Multifamily [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 1,504,000,000		$ 1,365,000,000
Multifamily [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		25.90%		24.00%
Office Building [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 1,389,000,000		$ 1,361,000,000
Office Building [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		24.00%		23.90%
Retail Site [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 1,000,000,000		$ 1,036,000,000
Retail Site [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		17.30%		18.20%
Other Property [Member]
Mortgage Loans on Real Estate [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 435,000,000		$ 426,000,000
Other Property [Member] | Mortgages [Member]
Mortgage Loans on Real Estate [Line Items]
Investment Owned, Percent of Net Assets		7.50%		7.50%
Commercial Loan [Member]
Servicing Asset [Abstract]
Servicing Asset at Amortized Cost, Fair Value		$ 1,100,000,000		$ 901,000,000
Continuing Involvement with Derecognized Transferred Financial Assets, Amount Outstanding		310,000,000		251,000,000
Investments [Member] | Commercial Loan [Member]
Servicing Asset [Abstract]
Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding		783,000,000		650,000,000
Separate Accounts [Member] | Commercial Loan [Member]
Servicing Asset [Abstract]
Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding		$ 141,000,000		$ 124,000,000

XML

Investment Holding Level 4 Variable Interest Entities (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Variable Interest Entity [Line Items]
Gain (Loss) on Investments, Excluding Other than Temporary Impairments	$ 89	$ 60		$ 70	$ (72)
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure [Abstract]
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure	1,700			$ 1,700		$ 1,700
Variable Interest Entity, Commitments by Third Parties, Liquidity and Other Arrangements			As of June 30, 2017 and December 31, 2016, the Company has outstanding commitments totaling $1.1 billion and $1.2 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.	As of June 30, 2017 and December 31, 2016, the Company has outstanding commitments totaling $1.1 billion and $1.2 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.
Collateralized Debt Obligations [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]
Variable Interest Entity, Consolidated, Carrying Amount, Assets						5
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities						5
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount						0
Partnership Interest [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	0			$ 0		0
Other Liabilities [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	$ 0			$ 0		5
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets						1
Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities						3
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount						$ 3

XML

Investment Holding Level 4 Repurchase Agreements, Dollar Roll Transactions and Other (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Assets Sold under Agreements to Repurchase [Line Items]
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	$ 37	$ 0
Interest-bearing Deposit Liabilities, Domestic	2,600	2,500
Securities Held as Collateral, at Fair Value	1,549	500
Securities Received as Collateral	0	0
Securities Loaned	1,512	488
Fixed Maturities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Available-for-sale Securities Pledged as Collateral	517	241
Other Liabilities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets Sold under Agreements to Repurchase, Repurchase Liability	527	248
US Treasury Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Available-for-sale Securities Pledged as Collateral	$ 103	$ 102

XML

Derivatives Instruments Level 4 Non-qualifying Strategies for Hedge Accounting (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maximum Aggregate Principal Amount of Junior Subordinated Notes	$ 0		$ 0
Derivative, Notional Amount	52,010		52,010		$ 56,216
Derivative, Fair Value, Net	(514)		(514)		(1,001)
Put Option [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maximum Aggregate Principal Amount of Junior Subordinated Notes	0		0
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	10,200		10,200		10,600
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fair Value, Net	58		58		68
GMWB Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	9,484		9,484		10,256
Derivative, Fair Value, Net	85		85		94
Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(40)	$ 42	(87)	$ 13
Derivative, Notional Amount	47,838		47,838		52,537
Derivative, Fair Value, Net	(498)		(498)		(907)
Not Designated as Hedging Instrument [Member] | Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	165		165		1,064
Derivative, Fair Value, Net	0		0		68
Not Designated as Hedging Instrument [Member] | Put Option [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	(1)	(1)	(3)
Derivative, Notional Amount	0		0		500
Derivative, Fair Value, Net	0		0		1
Not Designated as Hedging Instrument [Member] | Macro Hedge Program [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(38)	(20)	(124)	(34)
Derivative, Notional Amount	6,885		6,885		6,532
Derivative, Fair Value, Net	168		168		178
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(17)	82	(6)	121
Not Designated as Hedging Instrument [Member] | Other Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(8)	(25)	(10)	(47)
Not Designated as Hedging Instrument [Member] | Equity Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(4)	(5)	(4)	13
Derivative, Notional Amount	321		321		105
Derivative, Fair Value, Net	3		3		0
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(1)	4	6	(20)
Derivative, Notional Amount	10,882		10,882		11,743
Derivative, Fair Value, Net	(485)		(485)		(890)
Not Designated as Hedging Instrument [Member] | Coinsurance and Modified Coinsurance Reinsurance Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Invested Assets Suppoting Modco	889		889		875
Not Designated as Hedging Instrument [Member] | GMWB Product Derivatives [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	39	(30)	140	(109)
Derivative, Notional Amount	12,178		12,178		13,114
Derivative, Fair Value, Net	(134)		(134)		(241)
Not Designated as Hedging Instrument [Member] | GMWB Reinsurance [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(6)	1	(24)	13
Derivative, Notional Amount	2,527		2,527		2,709
Derivative, Fair Value, Net	57		57		73
Not Designated as Hedging Instrument [Member] | Credit Default Swap, Buying Protection [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	115		115		209
Derivative, Fair Value, Net	(3)		(3)		(4)
Not Designated as Hedging Instrument [Member] | Credit Default Swap, Selling Protection [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	1,654		1,654		1,309
Derivative, Fair Value, Net	2		2		10
Not Designated as Hedging Instrument [Member] | Fixed Annuity Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(10)	60	11	96
Not Designated as Hedging Instrument [Member] | GMWB Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(13)	32	(78)	82
Derivative, Notional Amount	9,484		9,484		10,256
Derivative, Fair Value, Net	85		85		94
GMWB Hedging Instruments [Member] | Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	5,102		5,102		5,191
GMWB Hedging Instruments [Member] | Equity Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	1,383		1,383		1,362
GMWB Hedging Instruments [Member] | Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	2,999		2,999		3,703
Fair Value Hedging [Member] | Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fair Value, Net	74		74		100
Fair Value Hedging [Member] | Equity Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fair Value, Net	(35)		(35)		(27)
Fair Value Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fair Value, Net	46		46		21
Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(18)	(17)	(86)	(48)
Other Credit Derivatives [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(5)	(23)	5	(60)
Credit Default Swap, Buying Protection [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	41	(2)	30	(7)
Credit Default Swap, Selling Protection [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	2,621		2,621		$ 2,968
Credit Default Swap, Selling Protection [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(33)	6	(16)	4
Currency Swap [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (7)	$ 22	$ (17)	$ 25

XML

Derivatives Instruments Level 4 Derivative Balance Sheet Classification (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$ 780	$ 963
Derivative, Notional Amount	52,010	56,216
Derivative, Fair Value, Net	(514)	(1,001)
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	1,277	976
Derivative Asset, Fair Value, Gross Asset	1,162	834
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	1,085	670
Derivative, Collateral, Obligation to Return Cash	(74)	(344)
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(1,791)	(1,977)
Derivative Asset, Fair Value of Collateral	41	103
Derivative Asset, Fair Value, Amount Offset Against Collateral	36	61
Derivative Liability, Fair Value, Gross Liability	(1,620)	(1,703)
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	781	884
Derivative, Collateral, Right to Reclaim Cash	230	130
Derivative Liability, Fair Value of Collateral	827	763
Derivative Liability, Fair Value, Amount Offset Against Collateral	12	56
Other Policyholder Funds and Benefits Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	12,228	13,164
Derivative, Fair Value, Net	(171)	(274)
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	(171)	(274)
Reinsurance Recoverable [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	3,416	3,584
Derivative, Fair Value, Net	115	141
Derivative Asset, Fair Value, Gross Asset	115	141
Derivative Liability, Fair Value, Gross Liability	0	0
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	28,677	15,526
Derivative, Fair Value, Net	(609)	(689)
Derivative Asset, Fair Value, Gross Asset	991	457
Derivative Liability, Fair Value, Gross Liability	(1,600)	(1,146)
Other Investments [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	7,534	23,620
Derivative, Fair Value, Net	151	(180)
Derivative Asset, Fair Value, Gross Asset	171	377
Derivative Liability, Fair Value, Gross Liability	(20)	(557)
Fixed Maturities [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	155	322
Derivative, Fair Value, Net	0	1
Derivative Asset, Fair Value, Gross Asset	0	1
Derivative Liability, Fair Value, Gross Liability	0	0
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	47,838	52,537
Derivative, Fair Value, Net	(498)	(907)
Derivative Asset, Fair Value, Gross Asset	1,188	954
Derivative Liability, Fair Value, Gross Liability	(1,686)	(1,861)
Put Option [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	500
Derivative, Fair Value, Net	0	1
Derivative Asset, Fair Value, Gross Asset	0	1
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative Financial Instruments, Liabilities [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(609)	(689)
Derivative Financial Instruments, Assets [Member] | Other Investments [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	151	(180)
Foreign Exchange Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(267)	(237)
Foreign Exchange Contract [Member] | Other Investments [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		27
Interest Rate Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	(488)	(542)
Interest Rate Contract [Member] | Other Investments [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	2	(427)
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	10,882	11,743
Derivative, Fair Value, Net	(485)	(890)
Derivative Asset, Fair Value, Gross Asset	643	264
Derivative Liability, Fair Value, Gross Liability	(1,128)	(1,154)
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	3,873	3,440
Derivative, Fair Value, Net	(1)	(79)
Derivative Asset, Fair Value, Gross Asset	82	11
Derivative Liability, Fair Value, Gross Liability	(83)	(90)
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	4,172	3,679
Derivative, Fair Value, Net	(16)	(94)
Derivative Asset, Fair Value, Gross Asset	89	22
Derivative Liability, Fair Value, Gross Liability	(105)	(116)
Currency Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	165	1,064
Derivative, Fair Value, Net	0	68
Derivative Asset, Fair Value, Gross Asset	0	70
Derivative Liability, Fair Value, Gross Liability	0	(2)
Currency Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	299	239
Derivative, Fair Value, Net	(15)	(15)
Derivative Asset, Fair Value, Gross Asset	7	11
Derivative Liability, Fair Value, Gross Liability	(22)	(26)
Three Win Related Foreign Currency Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	804	804
Derivative, Fair Value, Net	(252)	(263)
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	(252)	(263)
Credit Default Swap, Buying Protection [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	115	209
Derivative, Fair Value, Net	(3)	(4)
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	(3)	(4)
Credit Default Swap, Selling Protection [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	1,654	1,309
Derivative, Fair Value, Net	2	10
Derivative Asset, Fair Value, Gross Asset	29	15
Derivative Liability, Fair Value, Gross Liability	(27)	(5)
Credit Derivatives in Offsetting Positions [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	1,934	3,317
Derivative, Fair Value, Net	3	(1)
Derivative Asset, Fair Value, Gross Asset	29	39
Derivative Liability, Fair Value, Gross Liability	(26)	(40)
Equity Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	38	33
Equity Contract [Member] | Other Investments [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	2
Equity Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	321	105
Derivative, Fair Value, Net	3	0
Derivative Asset, Fair Value, Gross Asset	40	33
Derivative Liability, Fair Value, Gross Liability	(37)	(33)
Equity Contract [Member] | Fair Value Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net	(35)	(27)
GMWB Product Derivatives [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	12,178	13,114
Derivative, Fair Value, Net	(134)	(241)
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	(134)	(241)
GMWB Reinsurance [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	2,527	2,709
Derivative, Fair Value, Net	57	73
Derivative Asset, Fair Value, Gross Asset	57	73
Derivative Liability, Fair Value, Gross Liability	0	0
GMWB Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	9,484	10,256
Derivative, Fair Value, Net	85	94
GMWB Hedging Instruments [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	9,484	10,256
Derivative, Fair Value, Net	85	94
Derivative Asset, Fair Value, Gross Asset	150	190
Derivative Liability, Fair Value, Gross Liability	(65)	(96)
Macro Hedge Program [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	74	50
Macro Hedge Program [Member] | Other Investments [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	94	128
Macro Hedge Program [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	6,885	6,532
Derivative, Fair Value, Net	168	178
Derivative Asset, Fair Value, Gross Asset	182	201
Derivative Liability, Fair Value, Gross Liability	(14)	(23)
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net	58	68
Derivative Asset, Fair Value, Gross Asset	58	68
Derivative Liability, Fair Value, Gross Liability	0	0
Coinsurance and Modified Coinsurance Reinsurance Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Invested Assets Suppoting Modco	$ 889	$ 875

XML

Derivatives Instruments Level 4 Cash Flow Hedges (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maximum Length of Time Hedged in Cash Flow Hedge			1 year
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			$ 39,000,000
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 20,000,000	$ 40,000,000	14,000,000	$ 147,000,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	21,000,000	40,000,000	14,000,000	146,000,000
Currency Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(1,000,000)			1,000,000
Reclassification out of Accumulated Other Comprehensive Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	21,000,000	15,000,000	42,000,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		15,000,000		39,000,000
Gain (Loss) on Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0		4,000,000
Gain (Loss) on Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	2,000,000	4,000,000	7,000,000
Gain (Loss) on Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Currency Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	5,000,000		6,000,000
Gain (Loss) on Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Currency Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	5,000,000	(2,000,000)	6,000,000	2,000,000
Investment Income [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	16,000,000		32,000,000
Investment Income [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	16,000,000	15,000,000	32,000,000	30,000,000
Accumulated Other Comprehensive Income (Loss) [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring	$ 0	$ 0	$ 0	$ 0

XML

Derivatives Instruments Level 4 Credit Risk Assumed through Credit Derivatives (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Credit Derivatives [Line Items]
Derivative, Notional Amount	$ 52,010	$ 56,216
Credit Default Swap, Selling Protection [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	2,621	2,968
Credit Risk Derivatives, at Fair Value, Net	(6)	195
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	967	1,659
Credit Risk Derivatives, at Fair Value, Net	11	14
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, A- Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	15	50
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B- Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	52
Derivative, Fair Value, Amount Offset Against Collateral, Net	0
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B+ Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	50	77
Derivative, Fair Value, Amount Offset Against Collateral, Net	0	0
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, BBB+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	719	1,204
Derivative, Fair Value, Amount Offset Against Collateral, Net	(5)	(10)
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount		50
Derivative, Fair Value, Amount Offset Against Collateral, Net		(3)
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, A+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount		0
Derivative, Fair Value, Amount Offset Against Collateral, Net		0
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, AA- Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	44
Derivative, Fair Value, Amount Offset Against Collateral, Net	1
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, AA+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount		167
Derivative, Fair Value, Amount Offset Against Collateral, Net		1
Credit Derivatives in Offsetting Positions [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, CCC Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount	87	111
Derivative, Fair Value, Amount Offset Against Collateral, Net	15	26
Credit Derivatives in Offsetting Positions [Member] | Single Name Credit Default Swaps [Member] | Debt Securities Payable [Member] | Standard & Poor's, A- Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Fair Value, Amount Offset Against Collateral, Net	0	0
Basket Credit Default Swaps [Member]
Credit Derivatives [Line Items]
Amount of Standard Market Indices of Diversified Portfolios of Corporate Issuers	$ 2,400	$ 2,500
Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B+ Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives	4 years
Derivative, Notional Amount	$ 50
Credit Risk Derivatives, at Fair Value, Net	$ 4
Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, BBB+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives	4 years	3 years
Derivative, Notional Amount	$ 2,054	$ 2,065
Credit Risk Derivatives, at Fair Value, Net	$ 5	$ 22
Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives		4 years
Derivative, Notional Amount		$ 50
Credit Risk Derivatives, at Fair Value, Net		$ 3
Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, AA- Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives	5 years
Derivative, Notional Amount	$ 174
Credit Risk Derivatives, at Fair Value, Net	(3)
Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, AA+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives		4 years
Derivative, Notional Amount		$ 297
Credit Risk Derivatives, at Fair Value, Net		$ (5)
Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, CCC Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives		1 year
Derivative, Notional Amount	87	$ 110
Credit Risk Derivatives, at Fair Value, Net	$ (16)	$ (26)
Single Name Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, A- Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives	5 years	4 years
Derivative, Notional Amount	$ 204	$ 169
Credit Risk Derivatives, at Fair Value, Net	$ 4	$ 0
Single Name Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B- Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives	1 year
Derivative, Notional Amount	$ 52
Credit Risk Derivatives, at Fair Value, Net	$ 0
Single Name Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, B+ Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives		1 year
Derivative, Notional Amount		$ 77
Credit Risk Derivatives, at Fair Value, Net		0
Embedded Derivative Financial Instruments [Member] | Credit Default Swap, Selling Protection [Member] | Debt Securities Payable [Member] | Standard & Poor's, A+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Derivative, Notional Amount		200
Credit Risk Derivatives, at Fair Value, Net		$ 201
Less than 1 year [Member] | Basket Credit Default Swaps [Member] | Credit Default Swap, Selling Protection [Member] | Collateralized Mortgage Backed Securities [Member] | Standard & Poor's, CCC Rating [Member] | External Credit Rating, Non Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives	1 year
Less than 1 year [Member] | Embedded Derivative Financial Instruments [Member] | Other Credit Derivatives [Member] | Debt Securities Payable [Member] | Standard & Poor's, A+ Rating [Member] | External Credit Rating, Investment Grade [Member]
Credit Derivatives [Line Items]
Average Term of Credit Risk Derivatives		1 year

XML

Derivatives Instruments Level 4 Derivative Collateral Arrangements (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Security Owned and Pledged as Collateral, Fair Value	$ 19	$ 623
Derivative Asset, Collateral, Obligation to Return Cash, Offset	424	387
Securities Received as Collateral	0	0
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	$ 18	$ 81
Information about Sources and Uses of Collateral that is Received Through Resale Agreements and Securities Borrowing Agreements	As of June 30, 2017, and December 31, 2016, the Company had no repledged securities and did not sell any securities. In addition, as of June 30, 2017, and December 31, 2016, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Condensed Consolidated Balance Sheets.	As of December 31, 2016, the Company had no repledged securities and did not sell any securities. In addition, as of December 31, 2016, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Condensed Consolidated Balance Sheets.
Collateral Pledged [Member]
Derivative [Line Items]
Security Owned and Pledged as Collateral, Fair Value	$ 893	$ 1,100
Liability [Member]
Derivative [Line Items]
Securities Received as Collateral	$ 46	$ 109

XML

Reserve for Unpaid Losses and Loss Adjustment Expenses Level 4 (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Claims and Claims Adjustment Expense	$ 27,839		$ 27,605
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	220	$ 227
Reinsurance Recoverables, Including Reinsurance Premium Paid	23,265		23,311
Property, Liability and Casualty Insurance Product Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance Recoverables, Including Reinsurance Premium Paid	2,350
Property, Liability and Casualty Insurance Product Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Claims and Claims Adjustment Expense	22,130	21,904	21,833	$ 21,825
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	2,809	2,746	2,776	2,882
Liability for Unpaid Claims and Claims Adjustment Expense, Net	19,321	19,158	19,057	18,943
Reinsurance Recoverables, Including Reinsurance Premium Paid		2,461
Current Year Claims and Claims Adjustment Expense	3,563	3,447
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	2	384
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	3,565	3,831
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year	1,009	1,066
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years	2,292	2,550
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid	3,301	3,616
Property, Liability and Casualty Insurance Product Line [Member] | Accident and Health Insurance Product Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	(20)	(83)
Property, Liability and Casualty Insurance Product Line [Member] | Change in Workers Compensation Discount Including Accretion [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	16	14
Property, Liability and Casualty Insurance Product Line [Member] | General Liability [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	10	66
Property, Liability and Casualty Insurance Product Line [Member] | Package Business [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	52
Property, Liability and Casualty Insurance Product Line [Member] | Commercial Property [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	(6)	(3)
Property, Liability and Casualty Insurance Product Line [Member] | Professional Liability [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	(33)
Property, Liability and Casualty Insurance Product Line [Member] | Surety Product Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	(10)	(6)
Property, Liability and Casualty Insurance Product Line [Member] | Homeowners [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	(5)
Property, Liability and Casualty Insurance Product Line [Member] | Net Asbestos Reserves [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	197
Property, Liability and Casualty Insurance Product Line [Member] | Net Environmental Reserves [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	71
Property, Liability and Casualty Insurance Product Line [Member] | Catastrophes [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	(13)	(5)
Property, Liability and Casualty Insurance Product Line [Member] | Uncollectible Reinsurance [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	(30)
Property, Liability and Casualty Insurance Product Line [Member] | Other Reserve Re Estimates [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	5	8
Property, Liability and Casualty Insurance Product Line [Member] | Property, Liability and Casualty Insurance Product Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	2	384
Commercial Lines [Member] | Auto Liability [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	20	1
Personal Auto Liability [Member] | Auto Liability [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	0	140
Group Insurance Policies [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Claims and Claims Adjustment Expense	5,709	5,822	5,772	5,889
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments	212	216	208	218
Liability for Unpaid Claims and Claims Adjustment Expense, Net	5,497	5,606	$ 5,564	$ 5,671
Current Year Claims and Claims Adjustment Expense	1,319	1,287
Liability for Unpaid Claims and Claims Adjustment Expense Prior Years Interest	101	105
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	(112)	(98)
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	1,308	1,294
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year	542	523
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years	833	836
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid	1,375	1,359
Group Insurance Policies [Member] | group life term, disability and accident [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	45	30
Group Insurance Policies [Member] | Short-term Disability [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	65	65
Operating Expense [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims	$ 0	$ 0

XML

Separate Accounts, Death Benefits and Other Insurance Benefit Features Level 4 (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Movement in Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits [Roll Forward]
Liability, balance as of January 1		$ 13,929,000,000	$ 13,859,000,000
Incurred		590,000,000	591,000,000
Liabilities for Guarantees on Long-Duration Contracts, Benefits Paid		(453,000,000)	(464,000,000)
Liability balance as of September 30	$ 14,156,000,000	14,156,000,000	14,446,000,000
Reinsurance recoverable asset, as of January 1		4,451,000,000	4,314,000,000
Incurred	220,000,000	220,000,000	227,000,000
Paid	(70,000,000)	(70,000,000)	(84,000,000)
Reinsurance recoverable asset, as of September 30	4,601,000,000	4,601,000,000	4,457,000,000
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	18,736,000,000	18,736,000,000
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	2,871,000,000	2,871,000,000
Separate Accounts, Liability	116,746,000,000	116,746,000,000		$ 115,665,000,000
Net Amount at Risk by Product and Guarantee, Separate Account Value	79,764,000,000	79,764,000,000
Separate Accounts by Major Category of Investment [Abstract]
Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value	$ 36,982,000,000	$ 36,982,000,000		$ 36,925,000,000
Invested in Fixed Income Securities	15.00%	15.00%		16.00%
Invested in Equity Securities	85.00%	85.00%		84.00%
Liabilities for Guarantees on Long-Duration Contracts, Other Liability Adjustments		$ 90,000,000	460,000,000
MAV Only [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 13,641,000,000	$ 13,641,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		71 years
With Five Percent Rollup [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	1,155,000,000	$ 1,155,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		71 years
With Earnings Protection Benefit Rider (EPB) [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	3,465,000,000	$ 3,465,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		71 years
With Five Percent Rollup and EPB [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	475,000,000	$ 475,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		73 years
Asset Protection Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	10,243,000,000	$ 10,243,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		70 years
Lifetime Income Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	459,000,000	$ 459,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		70 years
Reset [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	2,437,000,000	$ 2,437,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		70 years
Return of Net Deposit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	8,793,000,000	$ 8,793,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		71 years
Annuitization Benefit [Member]
Movement in Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits [Roll Forward]
Liability, balance as of January 1		$ 10,516,000,000	10,683,000,000
Incurred		408,000,000	392,000,000
Liabilities for Guarantees on Long-Duration Contracts, Benefits Paid		(401,000,000)	(398,000,000)
Liability balance as of September 30	10,613,000,000	10,613,000,000	11,137,000,000
Reinsurance recoverable asset, as of January 1		1,392,000,000	1,478,000,000
Incurred	49,000,000	49,000,000	37,000,000
Paid	(27,000,000)	(27,000,000)	(33,000,000)
Reinsurance recoverable asset, as of September 30	1,414,000,000	1,414,000,000	1,482,000,000
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	467,000,000	467,000,000
Separate Accounts by Major Category of Investment [Abstract]
Liabilities for Guarantees on Long-Duration Contracts, Other Liability Adjustments		90,000,000	460,000,000
Guaranteed Minimum Death Benefit [Member]
Movement in Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits [Roll Forward]
Liability, balance as of January 1		786,000,000	863,000,000
Incurred		33,000,000	41,000,000
Liabilities for Guarantees on Long-Duration Contracts, Benefits Paid		(52,000,000)	(66,000,000)
Liability balance as of September 30	767,000,000	767,000,000	838,000,000
Reinsurance recoverable asset, as of January 1		432,000,000	523,000,000
Incurred	22,000,000	22,000,000	32,000,000
Paid	(43,000,000)	(43,000,000)	(51,000,000)
Reinsurance recoverable asset, as of September 30	411,000,000	411,000,000	504,000,000
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	3,686,000,000	$ 3,686,000,000
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age		71 years
Separate Accounts, Liability	36,982,000,000	$ 36,982,000,000
Separate Accounts by Major Category of Investment [Abstract]
Liabilities for Guarantees on Long-Duration Contracts, Other Liability Adjustments		0	0
Guaranteed Minimum Withdrawal Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	6,300,000,000	6,300,000,000
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	$ 0	0
Net Amount at Risk by Product and Guarantee, Weighted Average Attained Age	73 years
Deferred Annuitization [Member] | Guaranteed Minimum Death Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	$ 1,600,000,000	1,600,000,000
Variable Annuity [Member] | Guaranteed Minimum Death Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, General Account Value	40,668,000,000	40,668,000,000
Universal Life [Member] | Secondary Guarantees [Member]
Movement in Changes in the gross U.S. GMDB, International GMDB/GMIB, and UL Secondary Guarantee Benefits [Roll Forward]
Liability, balance as of January 1		2,627,000,000	2,313,000,000
Incurred		149,000,000	158,000,000
Liability balance as of September 30	2,776,000,000	2,776,000,000	2,471,000,000
Reinsurance recoverable asset, as of January 1		2,627,000,000	2,313,000,000
Incurred	149,000,000	149,000,000	158,000,000
Reinsurance recoverable asset, as of September 30	2,776,000,000	2,776,000,000	2,471,000,000
Separate Accounts by Major Category of Investment [Abstract]
Liabilities for Guarantees on Long-Duration Contracts, Other Liability Adjustments		0	$ 0
MAV Only [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	2,109,000,000	2,109,000,000
MAV Only [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	316,000,000	316,000,000
With Five Percent Rollup [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	154,000,000	154,000,000
With Five Percent Rollup [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	49,000,000	49,000,000
With Earnings Protection Benefit Rider (EPB) [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	504,000,000	504,000,000
With Earnings Protection Benefit Rider (EPB) [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	79,000,000	79,000,000
With Five Percent Rollup and EPB [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	104,000,000	104,000,000
With Five Percent Rollup and EPB [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	23,000,000	23,000,000
Asset Protection Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	114,000,000	114,000,000
Asset Protection Benefit [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	76,000,000	76,000,000
Lifetime Income Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	5,000,000	5,000,000
Lifetime Income Benefit [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	5,000,000	5,000,000
Reset [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	7,000,000	7,000,000
Reset [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	6,000,000	6,000,000
Return of Net Deposit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	59,000,000	59,000,000
Return of Net Deposit [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	56,000,000	56,000,000
Guaranteed Minimum Death Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	3,056,000,000	3,056,000,000
Guaranteed Minimum Death Benefit [Member] | Annuitization Benefit [Member]
Minimum Guarantees, Net Amount at Risk [Abstract]
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	610,000,000	610,000,000
Equity Securities [Member]
Separate Accounts by Major Category of Investment [Abstract]
Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value	34,135,000,000	34,135,000,000		$ 33,880,000,000
Cash and Cash Equivalents [Member]
Separate Accounts by Major Category of Investment [Abstract]
Schedule of Fair Value of Separate Accounts by Major Category of Investment, Fair Value	$ 2,847,000,000	$ 2,847,000,000		$ 3,045,000,000

XML

Debt Level 4 (Details) - USD ($) $ in Millions	6 Months Ended		119 Months Ended	600 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Feb. 15, 2027	Feb. 12, 2067	Mar. 15, 2017
Debt Instruments [Line Items]
Proceeds from (Repayments of) Debt	$ 500	$ 0
Repayments of Short-term Debt	$ 416
Senior Note Five Point Three Seven Five Due in Two Thousand Seventeen [Member]
Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					5.375%
Scenario, Forecast [Member] | Junior Subordinated Notes 3 month Libor plus Two Point One Two Five Percent Due Two Thousand Sixty Seven [Member]
Debt Instruments [Line Items]
Debt Instrument, Interest Rate Terms				three-month LIBOR plus 2.125%
Scenario, Forecast [Member] | Junior Subordinated Notes Four Point Three Nine Percent Due Two Thousand Twenty Seven [Member]
Debt Instruments [Line Items]
Debt Instrument, Interest Rate Terms			0.0439

XML

Income Taxes Level 4 Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ (48)	$ 60	$ 122	$ 193
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount	(30)	(31)	(60)	(63)
Effective Income Tax Rate Reconciliation, Deduction, Dividends, Amount	(19)	(21)	(38)	(43)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	0	(53)	0	(78)
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	(1)	(1)	(6)	3
Income Tax Expense (Benefit)	(99)	(46)	10	12
Unrecognized Tax Benefits	12	12	12	12	$ 12	$ 12
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	0	0	0	0
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	0	0	$ 0	0
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		(53)		(78)
Income Tax Examination, Description			The federal audit of the years 2012 and 2013 was completed as of March 31, 2017 with no additional adjustments. The Company has received notification from the Internal Revenue Service of its intention to audit the recently acquired subsidiary, Maxum, for its 2014 tax year. Management believes that adequate provision has been made in the consolidated financial statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.
Stock-based Compensation [Member]
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation, Deduction, Employee Stock Ownership Plan Dividend, Amount	$ (1)	$ 0	$ (8)	$ 0

XML

Income Taxes Level 4 Net Operating Loss Carryover (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 91	$ 0
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	1,618	1,894
Deferred Tax Assets, Capital Loss Carryforwards	32	0
Expiring Tax Year 2020 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 1
Earliest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2020
Tax Credit Carryforward, Expiration Date	Dec. 31, 2021
Latest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2036
Tax Credit Carryforward, Expiration Date	Dec. 31, 2035
Expiring within Tax Years 2023 to 2036 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 4,623
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	4,624	5,412
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	3	48
Deferred Tax Assets, Operating Loss Carryforwards	$ 0	$ 9

XML

Income Taxes Level 4 AMT credit and foreign tax credit carryover (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	$ 42	$ 56
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	777	640
Deferred Tax Assets, Tax Credit Carryforwards, General Business	$ 2	99
Earliest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Expiration Date	Dec. 31, 2021
Expiring within Tax Years 2021 to 2024 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	$ 42
No expiration tax year [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	$ 777
Latest Tax Year [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Expiration Date	Dec. 31, 2035
Expiring Tax Year 2031 to 2035 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards, General Business	$ 2
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Deferred Tax Asset	$ 42	$ 56

XML

Income Taxes Level 4 Capital Loss Carryover (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 91	$ 0
Deferred Tax Assets, Capital Loss Carryforwards	$ 32	$ 0
Tax Year 2022 [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Expiration Date	Dec. 31, 2022

XML

Commitments and Contingencies Level 4 (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2017
Derivative Commitments [Line Items]
Derivative, Net Liability Position, Aggregate Fair Value		$ 1,300
Collateral Already Posted, Aggregate Fair Value		897
Reinsurance Recoverables, Including Reinsurance Premium Paid	$ 23,311	23,265
GMWB Product Derivatives [Member]
Derivative Commitments [Line Items]
Collateral Already Posted, Aggregate Fair Value		31
Premium [Member]
Derivative Commitments [Line Items]
Payments for Reinsurance	650
Asbestos and Environmental [Member]
Derivative Commitments [Line Items]
Reinsurance Recoverables, Including Reinsurance Premium Paid	1,500
Short-duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net, Not Separately Presented	$ 1,700
Cash and Cash Equivalents [Member]
Derivative Commitments [Line Items]
Collateral Already Posted, Aggregate Fair Value		$ 0

XML

Equity Level 4 (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended			6 Months Ended
	Jul. 25, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Class of Warrant or Right [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 975
Treasury stock acquired		6.6	6.7		13.3
Payments for Repurchase of Common Stock		$ 325	$ 325		$ 650	$ 700
Treasury Stock Acquired, Average Cost Per Share		$ 49,340,000	$ 48,470,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased		650.0			650.0
Warrants outstanding		2.9			2.9		4.0
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 9.060			$ 9.060		$ 9.126
Stock Repurchase Program, Authorized Amount		$ 1,300			$ 1,300
Warrant [Member]
Class of Warrant or Right [Line Items]
Warrants Exercised		0.1		0.0	1.1	0.2
Treasury Stock [Member]
Class of Warrant or Right [Line Items]
Treasury Stock, Value, Acquired, Cost Method					$ 650	$ 700
Common Stock [Member]
Class of Warrant or Right [Line Items]
Treasury stock acquired					13,299.0	16,222.0
Subsequent Event [Member]
Class of Warrant or Right [Line Items]
Treasury Stock, Value, Acquired, Cost Method	$ 85
Treasury stock acquired	1.6

XML

Accumulated Other Comprehensive Income Loss Level 4 (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 494		$ 494		$ (207)	$ (337)	$ 254	$ (329)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	282	$ 706	439	$ 1,267
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	419	(60)	392	(38)
Other Comprehensive Income (Loss), Net of Tax	701	646	831	1,229
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Gain (Loss) on Investments, Excluding Other than Temporary Impairments	89	60	70	(72)
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements			747	0
Income Tax Expense (Benefit)	(99)	(46)	10	12
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(419)	60	(392)	38
Gain (Loss) on Investments [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0		4
Gain (Loss) on Investments [Member] | Currency Swap [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	5		6
Investment Income [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	16		32
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	1,755	2,437	1,755	2,437	1,413	1,276	1,801	1,279
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	404	696	564	1,191
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(62)	(60)	(85)	(33)
Other Comprehensive Income (Loss), Net of Tax	342	636	479	1,158
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	62	60	85	33
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Gain (Loss) on Investments, Excluding Other than Temporary Impairments	95	92	131	51
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	95	92	131	51
Income Tax Expense (Benefit)	33	32	46	18
Accumulated Other-than-Temporary Impairment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(3)	(10)	(3)	(10)	(4)	(3)	(15)	(7)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	1	3	0	(6)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	2	0	3
Other Comprehensive Income (Loss), Net of Tax	1	5	0	(3)
Accumulated Other-than-Temporary Impairment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		(2)		(3)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Gain (Loss) on Investments, Excluding Other than Temporary Impairments		(3)		(4)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		(3)		(4)
Income Tax Expense (Benefit)		(1)		(1)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	57	200	57	200	58	76	184	130
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	13	26	8	95
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(14)	(10)	(27)	(25)
Other Comprehensive Income (Loss), Net of Tax	(1)	16	(19)	70
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	14	10	27	25
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	21		42
Income Tax Expense (Benefit)	7	5	15	14
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	13	(68)	13	(68)	8	6	(49)	(55)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	5	(19)	7	(13)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Other Comprehensive Income (Loss), Net of Tax	5	(19)	7	(13)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,328)	(1,659)	(1,328)	(1,659)	$ (1,682)	(1,692)	$ (1,667)	(1,676)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(141)	0	(140)	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	495	8	504	17
Other Comprehensive Income (Loss), Net of Tax	354	8	364	17
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	144
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Other Pension Plan, Postretirement or Supplemental Plans [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(495)	(8)	(504)	(17)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	2	1	3	3
Defined Benefit Plan, Actuarial Gain (Loss)	(16)	(14)	(32)	(29)
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	747		747
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(761)	(13)	(776)	(26)
Income Tax Expense (Benefit)	(266)	(5)	(272)	(9)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	494	900	494	900		$ (337)		$ (329)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Net of Tax			831	1,229
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	21	15	42
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		15		39
Designated as Hedging Instrument [Member] | Gain (Loss) on Investments [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	2	4	7
Designated as Hedging Instrument [Member] | Gain (Loss) on Investments [Member] | Currency Swap [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	5	(2)	6	2
Designated as Hedging Instrument [Member] | Investment Income [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 16	$ 15	$ 32	$ 30

XML

Employee Benefit Plans Level 4 (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Settlements, Benefit Obligation	$ 1,600,000,000
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements			$ 747,000,000	$ 0
Defined Benefit Plan, Contributions by Employer	300
Component of periodic benefit cost
Interest cost	9,000,000		18,000,000
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	$ 750,000,000	$ 0	750,000,000	0
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.58%
Weighted Average Discount Rate, Percent	4.22%
Component of periodic benefit cost
Defined Benefit Plan, Service Cost	$ 1,000,000	1,000,000	2,000,000	1,000,000
Interest cost	49,000,000	59,000,000	98,000,000	118,000,000
Expected return on plan assets	(80,000,000)	(76,000,000)	(159,000,000)	(153,000,000)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0	0	0
Amortization of actuarial loss	15,000,000	13,000,000	30,000,000	27,000,000
Net periodic benefit cost	$ 735,000,000	(3,000,000)	721,000,000	(7,000,000)
Other Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.55%
Weighted Average Discount Rate, Percent	4.19%
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	$ 0	0	0	0
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.13%
Weighted Average Discount Rate, Percent	3.97%
Component of periodic benefit cost
Defined Benefit Plan, Service Cost	$ 0	0	0	0
Interest cost	2,000,000	3,000,000	4,000,000	6,000,000
Expected return on plan assets	(2,000,000)	(3,000,000)	(4,000,000)	(5,000,000)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(2,000,000)	(1,000,000)	(3,000,000)	(3,000,000)
Amortization of actuarial loss	1,000,000	1,000,000	2,000,000	2,000,000
Net periodic benefit cost	(1,000,000)	$ 0	$ (1,000,000)	$ 0
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	144,000,000
After Tax [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	$ 488,000,000

XML

Label	Element	Value
GMWB Derivatives, Net [Member]
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	$ 3,000,000
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	(14,000,000)
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	20,000,000
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	38,000,000
Macro Hedge Program [Member]
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	(20,000,000)
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	(34,000,000)
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	(38,000,000)
Derivative, Gain (Loss) on Derivative, Net	us-gaap_DerivativeGainLossOnDerivativeNet	$ (124,000,000)