The Hartford Financial Services Group, Inc

The Hartford Financial Services Group, Inc.

Investor Presentation Posted October 29, 2013

Guidelines for Creating Presentations Safe Harbor Statement

Certain statements made in this presentation should be considered forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about The Hartford’s future results of operations. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ, including those discussed in The Hartford’s third quarter 2013 earnings press release issued on October 28, 2013, our 2012 Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other filings we make with the Securities and Exchange Commission. We assume no obligation to update this presentation, which speaks as of today’s date.

The discussion in this presentation of The Hartford’s financial performance includes financial measures that are not derived from generally accepted accounting principles, or GAAP. Information regarding these non-GAAP financial measures, including reconciliations to the most directly comparable GAAP financial measures, is provided in the appendix to this presentation.

Guidelines for Creating Presentations Table of Contents

4 Introduction

8 The Transformation

20 The Strengths

32 Shareholder Value Creation

38 Appendix: Business Segment and Financial Overview

For more information, please contact:

Sabra Purtill Sean Rourke Senior Vice President Assistant Vice President Investor Relations Investor Relations Phone (860) 547-8691 Phone (860) 547-5688

or visit our website at: http://ir.thehartford.com

THE HARTFORD’S TRANSFORMATION A Sharper Focus To Create Shareholder Value

Creating Shareholder Value

Leading Reducing Size Major Property And Top Performing and Risk of Group Benefits Casualty (P&C) Mutual Funds Talcott Company Franchise Resolution

A sharper focus – go forward businesses with:

• Strong market positions • Capital generation • Low sensitivity to capital markets • High return potential

THE HARTFORD TODAY The Hartford At A Glance

2012 Core Earnings1 by Segment (Excl. Corporate)

P&C Other 3% Group Benefits 6% Total = $1.7 billion

Talcott Resolution 48%

P&C Commercial 30%

Sold Businesses

Consumer Markets 9% Mutual Funds 4% 1. Denotes financial measure not calculated based on generally accepted accounting principles 5

THE HARTFORD TODAY Financial Overview

Financial Overview YTD3 2013 YTD3 2012 Core earnings per diluted share $2.61 $2.32 Book value per diluted share (incl. accumulated other $38.87 $47.34 comprehensive income (AOCI))

Book value per diluted share (excl. AOCI)1 $38.91 $40.55

Total rating agency adjusted debt to capitalization 28.5% 27.3% Wtd. avg. common shares outstanding2 492.1 486.1 Core earnings return on equity (last 12 mos. core earnings to 8.0% 7.1% common shareholders’ equity, excl. AOCI)

Core earnings (loss); $ in millions: P&C Commercial $598 $485 Consumer Markets $156 $148 P&C Other $(33) $27 1. Denotes financial Total Property & Casualty $721 $660 measure not calculated based on generally Group Benefits $103 $62 accepted accounting principles. Mutual Funds $58 $58 2. Includes dilutive potential common shares (diluted) Talcott Resolution $562 $608 and assumed conversion of preferred shares Corporate $(158) $(258) 3. Nine months ended Consolidated core earnings $1,286 $1,130 Sept. 30

THE HARTFORD TODAY Financial Overview (Continued)

Financial Overview 2012 2011 Core earnings per diluted share $2.88 $2.22 Book value per diluted share (incl. accumulated other $45.80 $44.31 comprehensive income (AOCI))

Book value per diluted share (excl. AOCI) $40.00 $41.73

Total rating agency adjusted debt to capitalization 27.4% 26.5% Wtd. avg. common shares outstanding1 486.8 498.7 Core earnings return on equity (last 12 mos. core earnings to 7.0% 5.6% common shareholders’ equity, excl. AOCI)

Core earnings (loss); $ in millions: P&C Commercial $511 $389 Consumer Markets $159 $9 P&C Other $44 $(119) Total Property & Casualty $714 $279 Group Benefits $101 $86 Mutual Funds $74 $98 Talcott Resolution $827 $944 Corporate $(313) $(299) Consolidated core earnings $1,403 $1,108 1. Includes dilutive potential common shares (diluted) and assumed conversion of preferred shares 7

Agenda

Shareholder Value Creation

The Strengths

The Transformation

Key Strategic Initiatives Underway

Sharper focus on go forward businesses 1 P&C, Group Benefits and Mutual Funds

Improve margins and earnings of go forward The Hartford 2 businesses • More focused business model • Higher capital generation 3 Reduce the size and risk of Talcott Resolution • Reduced market volatility and risk

4 Reduce debt and improve financial flexibility

5 Maintain strong risk management

1. SHARPER FOCUS Sharper Focus On P&C, Group Benefits And Mutual Funds

The Plan • March 21, 2012 announcement to focus on three business lines with: – Strong competitive market position – Strong capital generating ability – Lower market volatility and risk • U.S. Annuity placed into runoff and Individual Life, Retirement Plans, and Woodbury Financial Services sold. Sale of U.K. variable annuity (VA) business expected to close by year-end 2013.

The Focus

Property & Casualty Group Benefits Mutual Funds • Workers’ compensation • Group disability • Retail equity, fixed • Personal auto and home • Group life income, asset allocation, • Commercial property • Group accidental death & and target retirement • Commercial auto dismemberment (AD&D) mutual funds sub-advised by Wellington • General liability • Voluntary benefits Management • Professional liability

1. SHARPER FOCUS Transformation Milestones Achieved To-Date

Discontinued new business sales in U.S. Annuity in April 2012 Sold Individual Life, Retirement Plans, and Woodbury Financial – Completed sale of Woodbury Financial to AIG on Nov. 30, 2012 – Completed sale of Retirement Plans to MassMutual on Jan. 1, 2013 – Completed sale of Individual Life to Prudential on Jan. 2, 2013 – Announced sale of U.K. VA business on June 27, 2013 Expanded 2013-2014 capital management plan to $2.25 billion: – $1.25 billion 2013-2014 equity repurchase plan; $408 million repurchased through Sept. 30, 2013 – $1 billion debt reduction plan for 2013-14, including $800 million March 2013 debt tender and 2013 and 2014 debt maturities – 2013-2014 capital management plan funded in part with $1.5 billion in U.S. life subsidiaries dividends due to sale of Individual Life and Retirement Plans

2. IMPROVE MARGINS Improve Margins And Earnings Of Go Forward Businesses

P&C Consumer Group Mutual Commercial Markets Benefits Funds

• Margin improve- • Top line growth; • Multi-year pricing • Strengthened ment initiatives new business and customer relationship with focused on pricing initiatives, home- segmentation Wellington to and underwriting owners margins, program; claims improve sales maintaining auto excellence and net flows profitability

Combined Ratio1 New Business Premium Loss Ratio Total Mutual Funds Sales $379

80.3% $11,617 96.1 $342 76.6% $8,688

93.2

YTD 12 YTD 13 YTD 12 YTD 13 YTD 12 YTD 13 YTD 12 YTD 13

1. Excluding catastrophes and prior year development (PYD.) Denotes a financial measure not calculated based on generally accepted accounting principles.

3. TALCOTT RESOLUTION Reducing Size And Risk Of U.S. VA Blocks • Principal goal is to reduce the size and risk of annuity blocks

• Enhanced Surrender Value (ESV) program launched in 2013 – Program focused on U.S. VA lifetime income benefits riders; approximately 50% of U.S. Guaranteed Minimum Withdrawal Benefit (GMWB) retained net amount at risk (NAR) – Cumulative acceptance rate of 35% through Sept. 30, 2013

• Enforcing limitations in U.S. VA contracts to reduce risk – Fund allocation limits applied to equity funds – Future rollovers to fixed annuity eliminated

• Full surrender rate 20.3% in 3Q13 versus 10.4% in 3Q12

U.S. VA Account Values Retained Net Amount at Risk ($ in billions) ($ in billions)

11% $5.1 $68.8 $64.8 $61.5 76%

$2.2 $2.1 90% $1.2 $0.5 $0.2

GMDB* GMWB 2011 2012 3Q13 2011 2012 3Q13

*Guaranteed minimum death benefit 13

3. TALCOTT RESOLUTION Reducing Size And Risk Of Japan VA Block • Initiatives to reduce size and risk of the block include: – Customer communications strategy for education on policy terms and options – Annuitization schedule and options for Guaranteed Minimum Income Benefit (GMIB) contracts

• Actions or events that reduce size and risk of the block include: − Dynamic tail hedging program reduces risk in adverse markets − Weakening yen and favorable capital market levels reduce retained NAR and may affect policyholder behavior, including surrender levels − Expanded Japan VA hedging, effectively eliminating equity and currency risk

• Full surrender rate 30.8% in 3Q13 versus 3.0% in 3Q12

Japan VA Account Values1 Retained Net Amount at Risk ($ in billions) ($ in billions)

27% $31.2 $29.5 $9.4

$22.8 86% $7.5 93% $4.8 $3.3

$1.3 $0.5

2011 2012 3Q13 GMDB GMIB 2011 2012 3Q13

1. 2011 and 2012 International Variable Annuity data includes the U.K. variable annuity business. 3Q13 data represents Japan only 14

3. TALCOTT RESOLUTION Reduced Risk With Annuitization

• To date, most contracts eligible for annuitization are surrendering – Annuitization rates correlated to improving NAR – The average moneyness1 of in-the-money2 GMIB contracts was 5% at Sept. 30, 2013

• Risk reduced after annuitization – At annuitization, equity and bond fund investments sold to general account and reinvested in fixed income securities – Eliminates volatility of policyholder liability and need for equity and currency hedging

Japan GMIB Annuitization Eligibility by Account Value ($ in billions)

$5.8 $5.3

Nearly 45% of Japan $2.7 GMIB to reach $2.2 $2.5 annuitization by 2015 year end $0.1 2013 2014 2015 2016 2017 2018+

As of Sept. 30, 2013

1. For contracts that are in-the-money, percentage by which average contract is in the money 2. In-the-money contracts have an account value that is less than the guaranteed value, at a point in time. Out-of-the-money contracts have an account value greater than the guaranteed value, at a point in time 15

4. REDUCE DEBT AND IMPROVE FINANCIAL FLEXIBILITY Significant Debt Repayment Improves Leverage

$3.4 billion April Allianz $800 million $320 million TARP warrant March debt July debt repayment repurchase tender repayment

2010 2011 2012 2013

Allianz hybrid Mandatory conversion $675 million debt refinanced of $575 million pre- debt repayment in April ferred shares in May

Ratings agency adjusted debt/capital declined 3.4 points from Sept. 2009 to Sept. 2013

4. REDUCE DEBT AND IMPROVE FINANCIAL FLEXIBLITY Improved Capital Position

Improved Capital Resources (Sept. 30, 2013) • Capital resources total $17.7 billion • $7.8 P&C statutory surplus, in excess of AA rating agency capital levels • $1.8 billion in holding company cash and short-term investments

Improved Leverage Ratios • Rating agency adjusted debt to capital 28.5% at Sept. 30, 2013 (27.9% pro forma the 1Q14 debt maturities) • Targeting rating agency adjusted debt to capital ratio in the low 20% • Core earnings before interest and taxes to fixed charges coverage ratio target of 5 to 6x versus 4.9x for the twelve months ended Sept. 30, 2013 • Capital management plan to repay $1 billion of debt in 2013-2014 Balanced Capital Management Plan • $1 billion of debt reduction; $820 million repaid through September 30, 2013, with additional $200 million to be repaid in 2014 • $1.25 billion share repurchase program; $408 million repurchased through Sept. 30, 2013 • Increased quarterly dividend 50% to $0.15 per share in July 2013

5. MAINTAIN STRONG RISK MANAGEMENT Strengthened Risk Management Organization

• Significant improvements in risk management organization since 2008

• Reporting structure ensures independence and a holistic view of major risks

• Appointed dedicated chief risk officers for each primary risk category

• Additions to staff with expertise in capital markets, investments, insurance and risk

Liam McGee Chairman, President and CEO

Robert Rupp Enterprise Chief Risk Officer

Chief Market Chief Insurance Chief Operational Chief Risk Officer Risk Officer Risk Officer Risk Officer HIMCO

5. MAINTAIN STRONG RISK MANAGEMENT The Hartford’s Risk Profile Has Been Materially Reduced

Dec. 31, Sept. 30, Risk 2009 2013 Reduction

Distressed investments1 $13 billion $1.0 billion 92%

Debt leverage2 31.9% 28.5% 3.4 points

VA living benefits retained $6.2 billion $ 0.7 billion 89% NAR3

U.S. VA policy count 1,233,000 802,000 35%

Japan VA policy count 466,000 341,000 27%

1. Distressed investments are general account investments with market values at 80% or less of book value, excluding U.S. Treasury and government agency securities, Japanese government bonds, and highly rated municipal securities which are depressed due to changes in interest rates. 2. Debt leverage calculated as rating agency adjusted debt to total capitalization 3. VA retained NAR is calculated by adding U.S. GMWB and Japan GMIB NAR

Agenda

Shareholder Value Creation

The Strengths

The Transformation

Strengths We Are Leveraging

1 Leading market positions in the go forward insurance businesses

2 Superior claims and customer service

3 Broad distribution networks

4 Improving margins in the go forward businesses

5 High quality investment portfolio

6 Improving leverage and coverage ratios

1. Strong Market Positions In Go Forward Businesses

Major Direct Leader in Top Ranking in Personal Lines Group Disability Barron’s Lipper (in-force premium as of 12/31/2012, per Fund Family Company LIMRA) (per A.M. Best, 2011) (one year ranking in 2012)

#2 #3 #4

Strong Market Leader in Major Underwriter Position P&C Commercial in Total in Group Life Insurance (in-force premium as of 12/31/2012, per (direct written premium in 2012, per AM Best) Personal Lines LIMRA) (direct written premium in 2012, per A.M. Best)

#6 #7 #11

2. Superior Claims And Customer Service

J.D. Power recognition:1 • “Highest in Customer Satisfaction with the auto insurance

purchase experience” (J.D. Power, 4/29/2012) • The Hartford AARP Auto and Homeowners Insurance program’s Call Center: “An outstanding customer service

experience” for seven years in a row (J.D. Power, 4/19/2012) • First J.D. Power certified commercial lines company

Recognized as one of the world’s most ethical companies by Ethisphere Institute (2008 – 2012)

1. The Hartford received the highest numerical score in the proprietary J.D. Power and Associates 2012 Insurance Shopping StudySM. Study based on 16,171 total responses, ranking 24 providers and measuring the opinions of consumers shopping for a new auto insurance policy. Proprietary study results are based on experiences and perceptions of members surveyed January and February 2012.

3. Broad Distribution Reach – An Important Competitive Advantage

• Consumer Markets: Over 14,000 independent agent locations and longstanding relationship with the American Association of Retired Persons (AARP) – Exclusive relationship through 2023 – Access to 37 million members – Over 6,400 insurance agents writing AARP product • P&C Commercial: 11,000+ unique distribution partners in 20,000 locations and deep relationships with national brokers • Group Benefits: Leadership position with group benefit specialists; strong enterprise relationships with multi-line distributors • Mutual Funds: New head of distribution, digital marketing push

4. Disciplined Focus On Improving Margins

Operating Margins* Improving Across Go Forward Businesses

P&C Commercial Consumer Markets Group Benefits

96.1% 93.2% 3.7% 91.1% 89.6%

2.0%

YTD 12 YTD 13 YTD 12 YTD 13 YTD 12 YTD 13

* For P&C Commercial and Consumer Markets, represents combined ratio excluding catastrophes and PYD. For Group Benefits, represents core earnings margin after tax. “Combined ratio excluding catastrophes and PYD” and “after tax core earnings” denote financial measures not calculated based on generally accepted accounting principles.

4. P&C Commercial Focused On Improving Underwriting Margins And Business Mix

• Pricing increases and underwriting actions driving margin improvement

• Enhancing property capabilities to serve multi-line accounts

• Focusing specialty commercial to complement standard lines

P&C Standard Commercial Renewal Written Price Increases

8% 8% 8% 8% 8% 7% 7%

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

4. Consumer Markets Focused on Top Line Growth and Maintaining Auto Margins

• Achieve top line growth with continued new business momentum – AARP Agency channel – New Homeowners product roll out in California in 2012

• Improve Homeowners margins and maintain Auto profitability

Homeowners Accident Year Combined Ratio, Auto Accident Year Combined Ratio, Excluding Catastrophes Excluding Catastrophes

80.9% 100.0% 78.0% 96.9% 97.6% 75.4%

2010 2011 2012 2010 2011 2012

4. Group Benefits Focused On Multi-Year Segmented Pricing Initiative To Improve Profitability

Improving Group Benefits Loss Ratio1

78.6% 79.3% 77.0%

75.7% 77.4% 76.7%

2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

• Initiatives to expand margins through: – Pricing precision – Underwriting execution – Claims excellence

• Top line decline in 2012 and 2013 due to competition and pricing initiatives − Expect premiums to decline 10-15% in 2013, but expect core earnings to increase

• Invest in growth opportunities – Small business segment – Voluntary benefits

1. Excludes buyout premiums 28

4. Mutual Funds Positioned to Improve Net Flows And To Grow Sales

Growth in Assets Under Management • Diversified retail mutual fund family and investment-only offerings including: ($ billion) $92.4 – Equity $87.6 $85.5 – Fixed income – Asset allocation – Target retirement funds

• Focused on improving net flows and Mutual growing sales with Wellington $66.8 $57.9 $61.6 Fund Management as sole sub-advisor Assets1 − Fixed income funds were previously managed by The Hartford’s investment management group

• 55% of The Hartford’s retail mutual funds beat their Lipper peers on a one- Annuity year basis as of Sept. 30, 2013 $27.6 $26.0 $25.6 Assets

2011 2012 3Q13

1. Mutual Funds excludes annuity mutual fund assets that are held in separate account supporting The Hartford’s variable insurance and investment products

5. High Quality Investment Portfolio Matched To Liability Duration

• The Hartford’s General Account portfolio is highly diversified with a strong credit profile • Emphasis on prudent balancing of net investment income and total returns within asset-liability management, risk, and capital parameters • Over half the portfolio consists of highly-rated corporate, government or municipal securities

Invested Assets by Sector (Book Value of $78.9 billion as of 9/30/2013)

Short-term 5% ABS 3% Other 4% CDOS 3% CMBS 5% Mortgage Loans 7%

Ltd partnership & other alternative inv. 4% Equity 1% Weighted average credit quality of ‘A’ RMBS 6% at September 30, 2013 Only 6.7% rated BB or lower Corporate 36% Municipal Bonds 16%

Govt/govt agencies 10%

6. Improving Debt Level And Coverage Ratio

Total Debt Fixed Coverage Ratio1 ($ in billions)

$7.1 4.9x $6.3 $6.3 $6.1 4.5x 4.0x

Dec. 31, Sept. 30, Dec. 31, Dec. 31, Dec. 31, 2012 June 30, 2013 Sept. 30, 2013 2012 2013 2013E 2014E

1. Ratio of core earnings before interest and taxes to fixed charges, including interest expense, preferred dividend and interest on rentals

Agenda

Shareholder Value Creation

The Strengths

The Transformation

Our Strategic Focus Is Clear

3. Balanced capital management plan

2. Shrink size and risk of Talcott Resolution

1. Improve go forward business margins and core earnings

1. Improve Margins And Core Earnings In Go Forward Businesses

Property & Casualty Go Forward Core Earnings Combined Ratio1 ($ in millions)

$780 $882

94.6% 92.2%

YTD 12 YTD 13 YTD 12 YTD 13

1. Excluding catastrophes and prior year development

2. Reduce Size And Risk Of Talcott Resolution

2012 Actions Taken 2013 Goals Long Term Goals

• Put U.S. Annuity into • ESV program on U.S. • 50% reduction in size runoff VA Block of VA blocks due from surrenders and • Sold U.S. Individual • Close sale of U.K. VA annuitization over Annuities new company next five years business capabilities • Separate Group • Evaluate transaction • Mutual Funds Benefits from Talcott or other actions to upstreamed out of Life Resolution accelerate runoff insurance subsidiaries • Japan VA • Ultimate goal to annuitization begins in isolate or separate 4Q13 from go forward businesses

3. Balanced Capital Management

Strong position: capital resources: $17.6 billion at Sept. 30, 2013 • Holding company cash and short-term investments total $1.8 billion • Total Life and P&C statutory capital resources > $15.8 billion1

Capital management actions over past two years: • $500 million share repurchase program completed in 2012 Strong Capital Base • Repurchased $300 million warrants and With Balanced refinanced $1.7 billion high interest debt held by Capital Management Allianz in 2012 Plan • 2013-2014 plan: $1 billion debt reduction and $1.25 billion share repurchase • Increased quarterly dividend by 50% to $0.15 per share in July 2013

Capital margins managed to maintain AA capital in Property & Casualty operations, 325% RBC in U.S. Life Company, and 125% at Life Reinsurance Captives in stress scenarios

1. Including Japan HLIKK capital 36

The Hartford In 2013: Advancing The Transformation And Building Shareholder Value

Capital Margins and generation for Market core earnings of Balance shareholders exposure and go forward sheet and business volatility businesses reinvestment

Increasing Strengthening Improving Reducing

Core Earnings, Go-Forward Total Debt Equity Repurchases and Percentage of Core Earnings Businesses1 ($ in billions) Dividends on Common and From Talcott Resolution Preferred ($ in millions) ~$1,750 ($ in millions) $7.1 13% $882 14% 54% $912 44% $780 $6.1

$392

YTD 12 YTD 13 Dec. 31, 2012 Dec. 31, 2014E 2009-10 2011-12 2013-14E YTD 12 YTD 13

1. Includes Property & Casualty, Group Benefits and Mutual Funds 37

Appendix

Business Segment And Financial Overview

Property & Casualty

• Property & Casualty is comprised of three segments: – P&C Commercial – Consumer Markets – P&C Other Operations1 2012 Written Premium $9.8 Billion ($ in billions)

Consumer Markets $3.6 (37%)

P&C Commercial $6.2 (63%)

P&C Commercial Consumer Markets

1. Primarily runoff asbestos and environmental exposures that have discontinued writing new business 40

P&C Commercial

KEY METRICS P&C Commercial Key Metrics

($ in millions) YTD 13 2012 2011

Written premiums $4,745 $6,209 $6,176 Current accident year catastrophes $98 $325 $320 Underwriting gain (loss)1 $146 $(182) $(279) Combined ratio, excluding catastrophes and prior year development1 93.2 96.6 97.3 Small Commercial 88.0 91.1 89.5 Middle Market 95.6 99.3 102.9 Specialty 102.5 106.4 107.7 Average renewal written price increases (Standard Comm’l) 8% 8% 4% Policy count retention: Small Commercial 81% 83% 83% Middle Market 79% 77% 78%

1 Denotes a financial measure not calculated based on generally accepted accounting principals

FOCUS P&C Commercial Offers Insurance For All Sizes of Businesses

7th Largest P&C Commercial Insurance Operation in the U.S.1

2012 Earned Premium by Product Target Customers

3% 4% Small Commercial: 9% Main Street and Emerging businesses with payrolls < $5 million; revenue & property < $15 million

48% 19% Middle Market: Small Commercial; guaranteed cost insurance 9% 8% Specialty:

Workers' Compensation Property Large companies with high deductibles Auto Package or retained exposure Liability Fidelity & Surety Professional Liability

1. Per A.M. Best, based on 2012 direct written premiums 43

STRENGTHS Market Leadership Achieved Through Superior Execution

Significant Superior Sales & Top Quality Market Positions Underwriting Claims & Service Capabilities

• #3 in workers’ • Ranked among the • Unique claim compensation and top markets by handling skills commercial multi- national and • Award winning peril1 regional agents service operations • #8 in commercial and brokers (first JD Power auto1 • Exceptional field certified • Leading share in sales and commercial P&C P&C Small underwriting talent company) Commercial • 2012 combined • Outstanding loss ratio of 102.9 vs. prevention industry of 107.72 services

1 Based on 2012 direct written premium per National Association of Insurance Commissioners 2 Per Conning’s 4Q12 Forecast and Analysis

PERFORMANCE P&C Premium Is Diversified Among Business Sectors

P&C Commercial Written Premium and Core Earnings1 2012 Earned Premium by Sector ($ in millions) (Total $6.3 billion)

$6,176 $6,209 $5,796 16%

48% $1,003 36%

$511 $389

Small Commercial 2010 2011 2012 Middle Market Written Premium Core Earnings Total Specialty

1 Denotes a financial measure not calculated based on generally accepted accounting principals

PERFORMANCE Improving P&C Margins With Targeted Pricing Actions And Expense Controls

P&C Commercial Combined Ratio and Expense Ratio (Excluding catastrophes and prior year development)

97.3 96.6 93.0 93.2

30.7% 29.9% 29.4% 29.6%

2010 2011 2012 YTD 13

Combined Ratio Expense Ratio

PERFORMANCE Small Commercial Continues To Extend Leading Capabilities For Customers And Agents

Small Commercial Success Drivers: 2012 Net Written Premium $3.0 billion • Products and services tailored to needs of small businesses

• Advanced use of technology – Quoting and issuance with low/no Payroll Workers' Alliances touch underwriting Comp. – Online service portal – New quoting platform, ICON, Auto improving quote time, flow, and yield

Other ratio

• Sophisticated pricing models Spectrum • Broad small business distribution partnerships

Combined Ratio1: 91.1%

1 Excludes catastrophes and prior year development

PERFORMANCE Middle Market Is Creating A More Balanced Product Portfolio While Increasing Margins

Middle Market 2012 Net Written Premium $2.2 Billion Success Drivers:

• Strong pricing analytics and market execution driving margin improvement Property Marine Auto • Investing in new offerings for

Construction property, general liability and marine

General Liability Bond • Leading underwriting expertise Other and efficiency

• National sales office footprint Workers' Comp providing expertise in local markets across the country

Combined Ratio1: 99.3%

1 Excludes catastrophes and prior year development

PERFORMANCE Specialty’s Diverse Portfolio Complements The Product Needs Of Agents and Customers

Specialty Commercial Success Drivers: 2012 Net Written Premium $1 Billion • Provide growing businesses with advanced solutions – Self-insurance layers – Risk management National Accounts • Extend a range of financial products to businesses of all sizes Financial – Directors and Officers and Products Employment Practices Liability insurance for small and mid-sized businesses Captive and Specialty Other – Fidelity Programs • Programs that support unique buying groups and agent marketing expertise

Combined Ratio1: 106.4%

1 Excludes catastrophes and prior year development

PERFORMANCE Leveraging Strong Workers’ Compensation Capabilities

Industry leading workers’ compensation platform: • Third largest underwriter measured by direct written premiums1 • Peer-leading performance with five year average adjusted loss ratio of 60% • Expertise in workers’ compensation provides opportunities in Property, Liability and Auto

Workers’ Compensation Market Share and Adj. Loss Ratio, 20121

10% 105% 120% AdjustedRatio Loss

100% 8% 81% 77% 75% 72% 80% 63% 6% 60% 58% 60% 4%

Market Share Market 40%

2% 20%

0% 0% Liberty Mutual Travelers The Hartford AIG Zurich State State Old Republic Insurance Comp. Ins. Fund, NY Fund, CA

1. Source: A.M. Best. Market share based on direct written premiums in the U.S. Adjusted loss ratio represents five year average 2008-2012. Adjusted loss ratio defined as direct losses incurred divided by the difference between direct premiums earned and dividends to policyholders. 50

KEY TAKEAWAYS P&C Commercial Key Takeaways

Our P&C Commercial business is an industry leader

Our businesses are gaining momentum across the board

We are investing for strong margins and growth

Consumer Markets

KEY METRICS Consumer Markets Key Metrics

($ in millions) YTD 13 2012 2011

Written premiums $2,833 $3,630 $3,675 Current accident year catastrophes 186 $381 $425 Underwriting gain (loss) $138 $93 $(48) Combined ratio, excluding catastrophes and prior 89.6 90.8 91.9 year development Auto 94.6 97.6 96.9 Homeowners 77.8 75.4 80.9 Renewal written price increases Auto 5% 4% 5% Homeowners 7% 6% 8% Policy count retention | Premium retention Auto 86% | 88% 85% | 86% 83% | 84% Homeowners 87% | 92% 86% | 90% 84% | 90% New business premium Auto $280 $332 $298 Homeowners $99 $117 $91

FOCUS Consumer Market Overview

AARP Exclusive 29 year auto and home partnership with AARP under contract until 2023

Agency Distribute auto and home through 14,000 independent agent locations, including over 6,400 AARP agents Targeted Direct/Affinity Strategic focus on targeted direct

2012 Written Premium By Channel 2012 Written Premium By Product ($ in millions) ($ in millions) $57 , 1%

$757 , 21% $1,116 , 31% $136 , 4%

$2,680 , $2,514 , 74% 69%

AARP Direct AARP Agency Other Agency Other Auto Homeowners

STRENGTHS Consumer Markets Strengths

• 29 year partnership with AARP, recently extended through 2023 AARP • Best-in-class product for AARP members, or mature, preferred customers • Recently expanded distribution to AARP Agency

• Deep expertise in targeting, marketing, selling Direct channel and servicing the mature, preferred market distribution and • Award-winning customer service and claims service handling

• Market-leading online sales capabilities Digital sales (including auto insurance package options and capabilities coverage counseling)

STRENGTHS Our AARP Relationship is an Important Competitive Advantage

Exclusive access to 37 million members

Accounts for 78% of 6,400+ agent Consumer AARP locations Markets writing written Exclusive Relationship product premiums until 2023

$2.8 billion in 2012 earned premiums

PERFORMANCE Consumer Markets Margin Expansion

Written Premium and Auto Written Premium and Home Written Premium and Combined Ratio1 Combined Ratio1 Combined Ratio1 ($ in millions) ($ in millions) ($ in millions)

$3,886 $2,745 $1,141 $1,113 $1,116 $3,675 $3,630 $2,562 $2,514

100% 94.3% 96.9% 97.6% 91.9% 90.8%

80.9% 78.0% 75.4%

2010 2011 2012 2010 2011 2012 2010 2011 2012 Written Premium Written Premium Written Premium Combined Ratio Combined Ratio Combined Ratio

1 Excludes catastrophes and prior year development; denotes financial measure not calculated on generally accepted accounting principles 57

PERFORMANCE Consumer Markets’ Strategic Objective Is To Achieve Above Industry Growth and Profitability

Four Channels …with distinct priorities

AARP Direct • Restore growth while maintaining profitability in • auto and improving in home

• Continued aggressive growth with disciplined AARP Agency lens on profitability

Non-Member • Improve profitability and return to growth Agency

Targeted • ‘Test and learn’ laboratory for future growth Direct / Affinity and diversification opportunities

PERFORMANCE Consumer Markets Margins Versus Industry

• The Hartford’s combined ratios for the last five years have outperformed the industry • Strong pricing and underwriting initiatives continue to improve profitability, particularly in homeowners

The Hartford Versus Industry1

Auto Combined Ratio Homeowners Combined Ratio 102.0% 101.4% 101.0% 122.4% 100.2% 99.6% 116.6% 118.0%

106.9% 98.0% 98.0% 97.6% 105.8% 115.8% 95.3% 92.7% 104.3% 98.1% 98.0% 97.0%

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

The Hartford Industry The Hartford Industry

1 Based on A.M. Best Industry Statutory data. 2012 industry figures are A.M. Best estimates as of Feb. 4, 2013

Consumer Markets Key Takeaways

Market leading direct affinity businesses

Broad distribution reach is a key competitive advantage

Disciplined focus on achieving growth while improving profitability

P&C Other Operations

FOCUS P&C Other Operations Profile

Runoff Reserves By Type (As of Sept. 30, 2013) • With total reserves of $3.0 billion, P&C Other Operations is primarily legacy asbestos and environmental (A&E) 32.8% exposures • Actively reducing potential volatility from 57.9% A&E liabilities with dedicated claims, legal, 9.3% actuarial and finance teams − Net A&E reserves as of Sept. 30, 2013 are 11% of total P&C net reserves Asbestos Environmental Other 1 compared to 26% in 2003 Reserves for Asbestos and − Net A&E reserves have decreased 50% Environmental since 2003 $6.4 ($ in billions)

$4.8 50% • Three major areas of focus: $4.2 $4.3 $3.6 direct claims, assumed claims, and $2.9 $3.0 $2.8 $2.9 $2.8 $2.7 $2.6 $2.7 $2.6 $2.6 $2.2 $2.2 $2.3 $2.1 $2.2 $2.1 $2.0 reinsurance collections

• Comprehensive ground-up reviews of A&E 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 3Q13 and reinsurance recoverables completed Gross Net annually during the second quarter 1. Includes reinsurance recoverables, unallocated LAE and reserves for discontinued P&C businesses 62

Group Benefits

KEY METRICS Group Benefits Key Metrics

($ in millions) YTD 13 2012 2011

Total fully insured ongoing premiums $2,452 $3,745 $4,036

Group disability $1,043 1,673 1,818

Group life $1,288 1,878 2,024 Sales $335 $405 $505 Group disability $154 $163 $219 Group life $171 $224 $269 Loss ratio 76.6% 79.5% 79.5% Group disability 86.8% 92.2% 92.7% Group life 69.0% 69.0% 68.6% After-tax margin (core earnings) 3.7% 2.4% 1.9%

Note: Premium and sales figures exclude buyouts (takeover of open claim liabilities and other non-recurring premium amounts)

FOCUS Market Share Leader In Group Life and Disability

2nd largest group disability & 6th largest group life operation in the US1

Products & Services: 2012 Earned Premium2 (Total $3.7 Billion) • Group life, disability and accident death and disability (AD&D)

• Employer paid and voluntary

• Retiree health – medical & 19% prescriptions

• Reinsurance – excess life and private label disability

• Absence/leave management services 81%

Employer Group Specialty Business

1 In-force premium per LIMRA as of Dec. 31, 2012 2 Represents fully insured ongoing premium, excluding buyouts Note: Employer Group represents core life, LTD and STD products. Specialty represents association, group reinsurance and group retiree health.

STRENGTHS Group Benefits Market Leadership

Distribution relationships

Disciplined underwriting

Sophisticated pricing capabilities

Clinical claim model

Leave management capabilities

PERFORMANCE Improving Margins From Pricing And Underwriting Actions

1 Fully Insured Premium & After Tax Margin 1 ($ in millions) 2012 Fully Insured Premium $4,166 Employer & Specialty $4,036 (Total $3.7 billion) $3,745 3.5% 5%

2.4% 1.9% 45% 50%

2010 2011 2012 Group Disability Fully Insured Premium Group Life After Tax Margin Other

1 Represents fully insured ongoing premium, excluding buyouts 67

PERFORMANCE Growth Opportunity To Grow In All Market Segments With Unique Capabilities

Employer Group FY 2012 Insured Premium1 Success Drivers: (Account Size By Number of Employees) • Strong distribution partnerships – Leadership position with Group Benefit specialists – Deep enterprise relationships with multi- line distributors

• National field office network providing 31% local contacts

• Broad product portfolio with growing voluntary offerings 52% • Strong presence in private and public buyer markets 17% • Distinctive small case distribution and administration

Regional 500-4,999 Priority < 499 National > 5,000

1 Represents fully insured ongoing premium, excluding buyouts

Group Benefits Key Takeaways

Leading provider of group life and group disability products

Focus on underwriting and pricing is driving margin and profit improvement

We are investing in growth opportunities with particular emphasis on expanding voluntary capabilities

Mutual Funds

KEY METRICS Mutual Funds Key Metrics

($ in millions) YTD 13 2012 2011

Mutual Funds1 Assets under management (AUM), end of period $66,759 $61,611 $57,925 Sales $11,617 $11,843 $16,632 Redemptions $(15,699) $(16,261) $(21,463) Net flows $(4,082) $(4,418) $(4,831)

Total AUM, end of period $92,397 $87,647 $85,538 Core earnings $58 $74 $98 Core earnings ROA (bps)2 8.6 8.5 10.5

1. Mutual Funds excludes annuity mutual fund assets that are held in separate account supporting variable insurance and investment products 2. Denotes financial measure not calculated based on generally accepted accounting principles

FOCUS Focused On Growing Retail Mutual Funds

AUM AUM Manager Name ($ in millions, as Manager Name ($ in millions) Key drivers: of 12/31/2012) 1 American Funds $919,769 21 Harbor Capital $69,474

• Strong investment performance 2 PIMCO LLC $563,714 22 Alliance Bernstein $64,931 • Increasing focus on most 3 Franklin Templeton $391,899 23 Goldman Sachs $62,941 important distribution partners 4 BlackRock $191,422 24 First Eagle $57,581 5 JP Morgan Funds $177,198 25 Federated $55,899

• Increasing sales force 6 DFA $171,600 26 Thornburg $55,388

productivity 7 Oppenheimer Funds $161,786 27 Grantham Mayo $54,545 • Driving organic growth and 8 Columbia Mgmt $151,583 28 Putnam $54,468 improving net flows 9 Invesco $131,910 29 Prudential Financial $54,295 10 MFS $114,524 30 Mainstay Funds $52,895

• Attractive investment solutions 11 Nuveen $100,429 31 The Hartford $50,095

appropriate for any market 12 Wells Fargo $94,612 32 DWS Investments $49,608

cycle 13 Eaton Vance $92,071 33 TCW $48,862

14 Lord Abbett $88,533 34 NGAM Advisors $44,467

15 American Century $88,185 35 Northern Trust $42,300

16 John Hancock $81,164 36 Allianz Global $40,162

17 Principal Funds $80,269 37 Delaware $36,835

18 Legg Mason $79,492 38 Russell Invst Group $35,245

19 Waddell & Reed $75,323 39 Pioneer $34,771

20 Dreyfus $71,358 40 Loomis Sayles $29,394

Source: Strategic Insight, 12/31/2012 72

PERFORMANCE 55% of Retail Mutual Funds Beat Their Peers Over Past Year

Percent of Funds1 Outperforming Morningstar Peers

One Year Basis Three Year Basis

66% 65% 65% 61% 58% 54% 54% 55% 52% 51% 45% 42%

2008 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013

• One and three year results solid at the end of 3Q13, with 55% beating benchmark on a 1 year basis

1:HMF Funds only on Morningstar net of fees basis 73

PERFORMANCE Mutual Funds Improving Sales/Flows Trends

Mutual Funds1 AUM and Net Flows ($ in billions) $66.9 $61.6 $57.9

$2.2 AUM Net Flows ($4.8) ($4.4)

2010 2011 2012

Mutual Funds1 Sales and Redemptions ($ in billions) $16.6 $16.6 $11.8 Sales $2.2 Redemptions Net Flows ($4.8) ($4.4) ($14.4) ($16.3) ($21.5) 2010 2011 2012

1. Excludes annuity mutual fund assets (Company sponsored mutual fund assets that are held in separate accounts supporting variable insurance and investment products.) 74

PERFORMANCE Outlook Boosted By Strong Foundation Laid In 2012

Established strong foundation in 2012 and transition complete • Long term contract with Wellington in place for management of entire portfolio • Strengthened management team • Best year of performance in the history of Hartford Mutual Funds – Almost 80% of funds outperformed their Lipper peers on a one-year basis vs. 35% in 2011 • 4Q12 sales of $3 billion was highest quarter of the year, with continued growth in 2013

Launched new brand in 2013 • New logo with Wellington co-brand • Standalone website and digital marketing push

Building momentum in 2013 • Ranked #3 in the Barron’s Fund Family one-year rankings • Wealth management sales complete creating less "noise” in the market • Mutual fund sales up 34% year-to-date compared to 2012

KEY TAKEAWAYS Mutual Funds Key Takeaways

Strong fund family with investment solutions appropriate for any market cycle

Positioned for improved net flows and sales growth

Enhanced distribution and marketing

Talcott Resolution

KEY METRICS Talcott Resolution Key Metrics

($ in millions) YTD 13 2012

Core earnings $562 $827 U.S. Variable Annuity: Net flows $(11,205) $(11,387) Account value $61,512 $64,825 Full surrender rate 17.5% 10.9% Core earnings ROA, after tax (bps) 113.5 44.3 Japan Variable Annuity: Net flows $(5,475) $(2,207) Account value $22,846 $29,546 Full surrender rate 24.6% 3.4% Core earnings ROA, after tax (bps) 117.7 83.3 Total Talcott Resolution account value $219,149 $228,143

Talcott Resolution Is Predominately Variable Annuity

Talcott Resolution Account Value1 $154.0 Billion as of Sept. 30, 2013 • VA block: – 56% of Talcott account value

PPLI • Non-VA block: 25% – Private Placement Life Insurance (COLI/BOLI): Experience-rated mortality risk – Institutional: Interest rate risk VA – Fixed Annuity: Interest rate risk Institutional 56% 10%

FA 9%

1. Total account value includes the separate account and general account. Figure excludes the account value associated with the Retirement Plans and Individual Life businesses

79 4

VA Account Value ~75% U.S. and ~25% Japan

VA Account Value By Country VA Contracts By Country $84.4 Billion as of Sept. 30, 2013 1.1 Million as of September 30, 2013

U.S. Japan U.S. Japan 73% 27% 70% 30%

*Total Account Value = Separate Account + General Account

PERFORMANCE Actively Managing the Runoff of Talcott Resolution

Actual Projected1

2,500

2 2,000 -30% Prior projection Current projection 3 1,500

-65% 1,000

500

Number of VA thousands in VA contracts, of Number - 2007 2012 2013 2014 2015 2016 2017 2018

Core Earnings ($ in millions) $608 $562 $149 $65 Other $209 $256 Japan US Annuity $250 $241

YTD 12 YTD 13 1. Assumed 2012 organic attrition rate, exclusive of in-force management initiatives, and based on projected mortality, annuitization and surrender rates at Dec. 31, 2012. 2. Prior projection was as of December 31, 2012 and provided on April 11, 2013. 3. Current projection of (65%) is referred to by the arrow. Prior projection was a decline of (50%). 81

PERFORMANCE Actively Managing The Runoff Of Talcott Resolution

• Nearly half of GMIB account value able to annuitize by year-end 2015

– Vintages most out-of-the-money are rolling off fastest – 2013 – 2016 vintages account for 20% of NAR and have declined 26% since Dec. 31, 2012 – 2017+ vintages account for 80% of NAR and have declined 10% since Dec. 31, 2012

Japan VA: Timing of GMIB Account Values Eligible For Annuitization

$7.1 $6.5 $5.8 $5.3 $4.3

$2.7 $2.7 $2.3 $2.2 $2.5

$0.3 $0.1

2013 2014 2015 2016 2017 2018+ Dec. 31, 2012 Sept. 30, 2013

NAR $0.0 $0.0 $0.0 $0.1 $0.2 $0.2 ($ in billions) % ITM 0% 0% 20% 91% 97% 58%

PERFORMANCE Actively Managing The Runoff Of Talcott Resolution

VA Net Flows and Surrender Rates

($ in millions) 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 US Variable Annuity Net Flows ($3,259) ($2,704) ($2,783) ($3,308) ($3,728) ($4,170) Japan Variable Annuity Net Flows ($499) ($434) ($505) ($914) ($2,463) ($2,100) US Full Surrender Rate 13.0% 10.4% 10.4% 14.5% 17.5% 20.3% US Partial Surrender Rate 4.7% 4.4% 5.2% 4.4% 3.9% 4.2% Japan Full Surrender Rate 3.9% 3.0% 3.7% 9.6% 34.8% 30.8% Japan Partial Surrender Rate 0.6% 0.6% 0.6% 0.6% 0.7% 0.7%

PERFORMANCE Actively Managing The Runoff Of Talcott Resolution

U.S. VA Account Value U.S. Fixed Annuity Account Value ($ in billions) ($ in billions)

10% 11% $11.6 $10.8 $10.5 $68.8 $64.8 $61.5

2011 2012 3Q13 2011 2012 3Q13

International VA Account Value1 International Fixed Annuity Account Value1 ($ in billions) ($ in billions)

27% 29% $31.2 $29.5 $4.8 $3.9 $22.8 $3.4

2011 2012 3Q13 2011 2012 3Q13

1. 2011 and 2012 International Variable Annuity data includes the U.K. variable annuity business. 3Q13 data represents Japan only 84

PERFORMANCE Improving VA Retained NAR And In-The-Moneyness

Account Gross % of Contracts In- % In-The- Sept. 30, 2013 Retained NAR ($ in billions) Value NAR The-Money (ITM)3 Money4 U.S. VA1 GMDB2 $61.5 $4.7 $1.2 22% 19% GMWB $30.9 $0.2 $0.2 9% 9% Japan VA1 GMDB $22.8 $1.6 $1.2 56% 9% GMIB $21.1 $0.5 $0.5 47% 5%

[1] Policies with a guaranteed living benefit (a GMWB in the U.S. or a GMIB in Japan) also have a guaranteed death benefit. The net amount at risk (“NAR”) for each benefit is shown; however these benefits are not additive. When a policy terminates due to death, any NAR related to GMW B or GMIB is released. Similarly, when a policy goes into benefit status on a GMWB or, by contract, the GMDB NAR is reduced to zero. When a policy goes into benefit status on a GMIB, its GMDB NAR is released. [2] Excludes group annuity contracts with GMDB benefits. [3] Excludes contracts that are fully reinsured. [4] For all contracts that are “in the money”, this represents the percentage by which the average contract was in the money.

PERFORMANCE Talcott Resolution VA Guarantees Retained NAR And In-the-Moneyness

U.S. GMDB U.S. GMWB 77% 45%

48% $5.1 $1.6 23%

22% 9% $0.5 15% $2.2 12% 9% 19% $1.2 9% $0.2 13% 2011 2012 3Q13 2011 2012 3Q13 Retained NAR % of contracts ITM % ITM Retained NAR % of contracts ITM % ITM

Japan GMDB Japan GMIB 99% 98% 99% 97%

$9.4 $7.5

56% 47% $4.8 $3.3

27% 18% 9% 22% 5% $1.3 12% $0.5

2011 2012 3Q13 2011 2012 3Q13 Retained NAR % of contracts ITM % ITM Retained NAR % of contracts ITM % ITM

Talcott Resolution Key Takeaways

Focus on reducing size and risk

Natural run off of block with large amount of annuitization over the next several years

Robust risk management reduces risk

Capital and Investments

Strong Capital Position

Sept. 30, Dec. 31, Dec. 31, 2013 2012 2011 Debt Short-term debt $200 $320 - Senior notes 5,006 5,706 4,481 [1] On July 15, 2013, the Company repaid $320 of 4.625% senior notes. Junior subordinated debentures 1,100 1,100 1,735 [2] On April 18, 2013, the Company issued $300 of 4.3% senior notes due in 2043. On April 5, Total debt1,2,3 $6,306 $7,126 $6,216 2012, the Company issued $1.55 billion aggregate principal amount of senior notes Stockholders’ equity and $600 of junior subordinated debentures. The Company used the proceeds from these Common stockholders’ equity, ex-AOCI $18,945 $19,048 $19,679 debt issuances to repurchase all of the outstanding 10% fixed to floating rate junior subordinated debentures due 2068 with a Preferred stock - 556 556 $1.75 billion aggregate principal amount held by Allianz SE for $2.125 billion. AOCI 17 2,843 1,251 [3] The Hartford excludes consumer notes from total debt for capital structure analysis. Total stockholders’ equity $18,928 $22,447 $21,486 Consumer notes were $83, $161, and $314 as of Sept. 30, 2013, December 31, 2012 and Capitalization December 31, 2011, respectively. [4] Reflects a rating agency assignment in the Total capitalization, incl. AOCI, after tax $25,234 $29,573 $27,702 leverage calculation of an estimate of the adjusted unfunded pension liability of the Total capitalization, excl. AOCI, after tax $25,251 $26,730 $26,451 Company’s defined benefit plans and six times the Company's rental expense on operating leases for total adjustments of $1.6 billion, $1.7 2 Debt to capitalization ratios billion, and $1.6 billion for the three months ended Sept. 30, 2013, December 31, 2012 Total debt to capitalization, incl. AOCI 25.0% 24.1% 22.4% and December 31, 2011, respectively. [5] Reflects 25% equity credit for the junior Total debt to capitalization, excl. AOCI 25.0% 26.7% 23.5% subordinated debentures and the discount 4,5 value of the debentures issued in October Total rating agency adj. debt to capitalization 28.5% 27.4% 26.5% 2008. Reflects 100% equity credit for the mandatorily convertible preferred stock.

Financial Strength And Debt Ratings

Standard & A.M Best Fitch Moody’s Poor’s

As of Oct. 29, 2013 Insurance Financial Strength Ratings:

Hartford Fire Insurance Company A A+ A A2

Hartford Life Insurance Company A- A- BBB+ A3

Hartford Life and Accident Insurance Company A- A- A- A3 Hartford Life and Annuity Insurance Company A- A- BBB+ Baa2 Other Ratings: The Hartford Financial Services Group, Inc.: Senior debt bbb+ BBB BBB Baa3 Commercial paper AMB-2 F2 A-2 P-3

Substantial Capital Resources

$ in billions 4Q12 3Q13 U.S. statutory surplus at the beginning of the quarter $15.3 $14.7 Transaction impacts (0.4) - Variable annuity surplus impacts (0.4) (0.1) Impact of Mutual Funds (0.2) - Other statutory surplus impacts1 0.1 0.3 Subtotal $(1.0) 0.0 Net (dividends to) contributions from holding company (0.2) (0.2) Net change to U.S. statutory surplus during the quarter $(1.2) $0.0 Capital resources at end of quarter: 4Q12 U.S. P&C insurance subsidiaries $7.7 $7.8 U.S. life insurance subsidiaries 6.4 $6.9 Total U.S. statutory surplus at the end of the quarter $14.1 $14.7 Japan HLIKK (JGAAP) 1.1 1.2 Total insurance company capital resources $15.2 $15.9 Holding company cash and short term investments 1.4 1.8

Total capital resources at the end of the quarter $16.6 $17.7

1. Other includes statutory impacts from the Life and P&C businesses as well as investment and credit related impacts * Totals may not add due to rounding

The Hartford Maintains a High Quality Investment Portfolio

General Account Invested Assets by Sector (Book Value of $78.9 billion as of 9/30/2013) • The general account portfolio of The Hartford is strong, highly diversified, and well positioned for an uncertain economy • The general account portfolio is designed to emphasize prudent balancing of NII and total returns within asset-liability management, risk, and capital parameters RMBS 6% Corporate • Overall decline in book value is due to the sale of 36% the Retirement Plans and Individual Life business

Govt/govt agencies 10% Fixed Maturities by Rating: 3Q13 2012 2011 (Book Value in $ millions) U.S. Government 8,928 10,481 8,901 AAA 6,190 8,646 9,631 AA 12,614 14,939 15,471 A 14,623 20,396 19,501 BBB 15,692 20,833 20,972 BB & Below 4,180 4,452 4,502 Total Fixed Maturities, AFS 62,227 79,747 79,978 Weighted average credit quality A A A

Recent Financial Information

Discussion Of Non-GAAP Financial Measures

The Hartford uses non-GAAP financial measures in this presentation to assist investors in analyzing the company's operating performance for the periods presented herein. Because The Hartford's calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford's non-GAAP financial measures to those of other companies. Definitions and calculations of other financial measures used in this presentation can be found below and in The Hartford's Investor Financial Supplement for the second quarter of 2013, which is available on The Hartford's website, http:// ir.thehartford.com.

Book value per diluted common share excluding accumulated other comprehensive income ("AOCI”): Book value per diluted common share excluding AOCI is a non-GAAP financial measure based on a GAAP financial measure. It is calculated by dividing (a) common stockholders' equity excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. The Hartford provides book value per diluted common share excluding AOCI to enable investors to analyze the company’s stockholders’ equity excluding the effect of changes in the value of the company’s investment portfolio and other assets due to interest rates, currency and other factors. The Hartford believes book value per diluted common share excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in market value. Stockholders’ equity per diluted common share is the most directly comparable GAAP measure. A reconciliation of stockholders’ equity per diluted common share to book value per diluted common share excluding AOCI as of Sept. 30, 2013 and Dec. 31 2012, is set forth below. As of Sept. 30 Dec. 31, Change 2013 2012

Book value per diluted common share, including AOCI $38.87 $45.80 -15% Less: Per diluted share impact of AOCI ($0.04) $5.80 -101% Book value per diluted common share, excluding AOCI $38.91 $40.00 -3%

Combined ratio before catastrophes and prior year development: Combined ratio before catastrophes and prior year development is a non-GAAP financial measure. Combined ratio is the most directly comparable GAAP measure. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. This ratio measures the cost of losses and expenses for every $100 of earned premiums. A combined ratio below 100% demonstrates a positive underwriting result. A combined ratio above 100% indicates a negative underwriting result. The combined ratio before catastrophes and prior year development represents the combined ratio for the current accident year, excluding the impact of catastrophes and prior year development. The company believes this 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. A reconciliation of the combined ratio to the combined ratio before catastrophes and prior year development is provided in the table below. Three Months Ended Sept. 30 Sept. 30 2013 2012 P&C Commercial Combined ratio 98.1 99.1 Catastrophe ratio 2.3 0.5 Non-catastrophe prior year development 2.4 1.1 Combined ratio before PYD & catastrophes 93.3 97.5

Consumer Markets Combined ratio 91.9 87.9 Catastrophe ratio 1.1 (0.7) Non-catastrophe prior year development (0.3) (4.7) Combined ratio before PYD & catastrophes 91.1 93.3 95

Discussion Of Non-GAAP Financial Measures

Core Earnings: The Hartford uses the non-GAAP financial measure core earnings as an important measure of the Company's operating performance. The Hartford believes that core earnings provides investors with a measure of the performance of the company's operating insurance and financial services businesses before the net effect of certain realized capital gains and losses, discontinued operations, DAC unlock, restructuring and other expenses and loss from the extinguishment of debt, which better enables investors to see fundamental trends in the operating businesses. In the fourth quarter of 2012, the company changed the definition of core earnings to also exclude additional items that may obscure trends in our businesses, including restructuring charges and the impact of Unlocks to deferred policy acquisition costs (“DAC”), sales inducement assets ("SIA"), unearned revenue reserve ("URR") 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 (after tax and the effects of DAC) that tend to be highly variable from period to period based on capital market conditions. The Hartford 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 and net periodic settlements on the Japan fixed annuity cross-currency swap. 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 is the most directly comparable GAAP measure. Core earnings should not be considered as a substitute for net income and does not reflect the overall profitability of the Company's business. Therefore, The Hartford believes that it is useful for investors to evaluate both net income and core earnings when reviewing the company's performance. A reconciliation of core earnings to net income as of Sept. 30, 2013 and Dec. 31, 2012 is included in this presentation. A reconciliation of core earnings to net income for individual reporting segments can be found in The Hartford's Investor Financial Supplement for the third quarter of 2013.

Core earnings available to shareholders per diluted share: Core earnings available to common shareholders per diluted share is calculated based on the non-GAAP financial measure core earnings. It is calculated by dividing (a) core earnings, by (b) diluted shares outstanding. The Hartford believes that the measure core earnings per diluted share provides investors with a valuable measure of the company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income per diluted common share is the most directly comparable GAAP measure. Core earnings available to shareholders per diluted share should not be considered as a substitute for net income per diluted share and does not reflect the overall profitability of the company's business.

Therefore, The Hartford believes that it is useful for investors to evaluate both net income per diluted share and core earnings available to shareholders per share when reviewing the company's performance. A reconciliation of core earnings available to common shareholders per diluted share to net income per diluted common share as of Sept. 30, 2013 and December 31, 2012 can be found in the news release reporting earnings results for the third quarter of 2013, which is available on The Hartford's website, http:// ir.thehartford.com.

Discussion Of Non-GAAP Financial Measures

Underwriting gain (loss): The Hartford's management evaluates profitability of the P&C Commercial and Consumer Markets segments primarily on the basis of underwriting gain or loss. Underwriting gain (loss) is a before-tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income (loss) is the most directly comparable GAAP measure. Underwriting gain (loss) is influenced significantly by earned premium growth and the adequacy of The Hartford's pricing. Underwriting profitability over time is also greatly influenced by The Hartford's underwriting discipline, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that the measure underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the company's investing activities. A reconciliation of underwriting results to net income as of Sept. 30, 2013 and Sept. 30, 2012, is set forth below. Three Months Ended Sept. 30 Sept. 30 2013 2012 P&C Commercial Net income $174 $164 Less: Income (loss) from discontinued operations 1 (2) Less: Net realized capital gains (losses) (1) 10 Add: Income tax expense 62 54 Less: Net servicing income 5 5 Less: Goodwill impairment — — Less: Other income (29) (31) Less: Net investment income 230 222 Underwriting gain $30 $14

Consumer Markets Net income $68 $94 Less: Net realized capital gains 1 2 Add: Income tax expense 32 45 Less: Net servicing income 5 2 Less: Other income (14) (13) Less: Net investment income 33 38 Underwriting gain $75 $110