The Hartford Insurance Group, Inc. · NYSE:HIG

The Hartford Insurance — The Hartford Financial Services Group — Q4 2004 Earnings Presentation

11 slides from The Hartford Insurance's earnings presentation, January 2005

  1. Slide 1: Investor Presentation 4th Quarter 2004 Update

    Investor Presentation 4th Quarter 2004 Update The Hartford The Hartford FinancialFinancial Services Services Group,Inc. Group, Inc.

  2. Slide 2: Safe Harbor Statement

    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 our future results of operations. We caution investors that these forward-looking stat

  3. Slide 3: Corporate Financial Highlights

    Corporate Financial Highlights Quarter Ended ($ in millions; except per share amounts) Dec-03 Dec-04 % Change Net income $454 $620 37% Earnings per diluted share 1.59 2.08 31% Operating income 433 596 38% Operating income per diluted share 1.52 2.00 32% Year Ended Dec-03 Dec-04 % Change Net income $

  4. Slide 4: Property and Casualty 4Q Highlights

    Property and Casualty 4Q Highlights ƒ Operating income of $331 million, up 47% ƒ Ongoing operations combined ratio ex-CAT improves to 89, 4.1 points better than the fourth quarter of 2003 ƒ Expense ratio improves 2 points to 24.8 ƒ 11% increase in written premium from ongoing operations ƒ 15% increa

  5. Slide 5: GAAP Combined Ratios

    GAAP Combined Ratios Ongoing Property Casualty Operations Excluding Catastrophes 4Q03 4Q04 93.4 94.2 93.1 92.4 92.5 89.0 89.6 77.6 4Q03 4Q04 4Q03 4Q04 4Q03 4Q04 4Q03 4Q04 Ongoing Business Personal Specialty Operations Insurance Lines Commercial 4Q03 4Q04 4Q03 4Q04 4Q03 4Q04 4Q03 4Q04 CAT Ratio 1.5 1

  6. Slide 6: Life 4th Quarter Highlights

    Life 4th Quarter Highlights ƒ Operating income was $307 million, up 23% over 2003 ƒ Record $249 billion of assets under management, up 18% ƒ Retail product sales of $5.4 billion, net flows of $1.1 billion ƒ VA sales of $3.2 billion, net flows of $627 million ƒ Mutual fund sales of $1.3 billion; AUM

  7. Slide 7: 4Q Life Operating Earnings Growth

    4Q Life Operating Earnings Growth ($Millions After-tax) 4Q03 $249 Total +23% Life 4Q04 $307 Operations 4Q03 $121 Retail +23% Products 4Q04 $149 Group 4Q03 $41 Group +56% Benefits 4Q04 $64 4Q03 $41 Individual (5)% 4Q04 $39 Life 4Q03 $31 Institutional +13% 4Q04 $35 Solutions 4Q03 $15 +34% Other (inclu

  8. Slide 8: Debt to Total Capital Ratios

    Debt to Total Capital Ratios 31.9% 29.5% 28.1% 23.5% 20.6% 20.3% 18.4% 18.1% [1] Dec '01 Dec '02 Dec '03 Dec '04 Debt (excluding equity unit notes and junior subordinated debentures) to capitalization xAOCI Debt (excluding 75% of equity unit notes) to capitalization xAOCI [1] 2003 excludes impact of

  9. Slide 9: Selected 4Q Operating Income Items

    Selected 4Q Operating Income Items ($ Millions, after-tax) Property Casualty Life Total Dividends received deduction [1] - $ 14 $ 14 Partnership and other investment income [2] $ 13 5 18 Group benefits CNA acquisition [3] - 4 4 $ 13 $ 23 $ 36 [1] Reflects additional tax benefits related to a change

  10. Slide 10: Projected 2005 Operating Income EPS

    Projected 2005 Operating Income EPS EPS Range Low High Operating Income per diluted share 7.25 7.55 Estimated diluted weighted average shares outstanding (in millions) 303 10

  11. Slide 11: Slide 11

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