2014 Q1 Form 10-Q Financial Statement

#000087476614000016 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $4.612B $6.300B
YoY Change -26.79% -16.28%
Cost Of Revenue $2.576B
YoY Change
Gross Profit $2.036B
YoY Change
Gross Profit Margin 44.15%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $396.0M $1.336B
YoY Change -70.36% 316.2%
% of Gross Profit 19.45%
Operating Expenses $936.0M $1.005B
YoY Change -6.87% -23.4%
Operating Profit $1.100B
YoY Change
Interest Expense $95.00M $107.0M
YoY Change -11.21% -13.71%
% of Operating Profit 8.64%
Other Income/Expense, Net
YoY Change
Pretax Income $609.0M -$437.0M
YoY Change -239.36% -21950.0%
Income Tax $143.0M -$197.0M
% Of Pretax Income 23.48%
Net Earnings $495.0M -$241.0M
YoY Change -305.39% -351.04%
Net Earnings / Revenue 10.73% -3.83%
Basic Earnings Per Share $1.10 -$580.0K
Diluted Earnings Per Share $1.03 -$490.0K
COMMON SHARES
Basic Shares Outstanding 449.8M shares 436.3M shares
Diluted Shares Outstanding 478.6M shares 493.1M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $870.0M $921.0M
YoY Change -5.54% -9.44%
Goodwill $498.0M $498.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $89.95B $108.2B
YoY Change -16.86% -17.81%
Other Assets $3.211B $2.667B
YoY Change 20.4% 12.29%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $272.9B $297.0B
YoY Change -8.11% -4.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $532.0M $0.00
YoY Change
Long-Term Debt Due $532.0M
YoY Change
Total Short-Term Liabilities $532.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $5.818B $5.807B
YoY Change 0.19% -11.07%
Other Long-Term Liabilities $5.684B $8.371B
YoY Change -32.1% -13.95%
Total Long-Term Liabilities $5.818B $5.807B
YoY Change 0.19% -64.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $532.0M
Total Long-Term Liabilities $5.818B $5.807B
Total Liabilities $253.1B $276.1B
YoY Change -8.31% -4.55%
SHAREHOLDERS EQUITY
Retained Earnings $11.11B $10.45B
YoY Change 6.34%
Common Stock $5.000M $5.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.550B $1.732B
YoY Change -10.51%
Treasury Stock Shares 39.33M shares 34.41M shares
Shareholders Equity $19.77B $20.92B
YoY Change
Total Liabilities & Shareholders Equity $272.9B $297.0B
YoY Change -8.11% -4.36%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $495.0M -$241.0M
YoY Change -305.39% -351.04%
Depreciation, Depletion And Amortization $396.0M $1.336B
YoY Change -70.36% 316.2%
Cash From Operating Activities $349.0M $186.0M
YoY Change 87.63% -83.68%
INVESTING ACTIVITIES
Capital Expenditures $33.00M $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $2.000M -$10.00M
YoY Change -120.0% -350.0%
Cash From Investing Activities $196.0M $307.0M
YoY Change -36.16% -122.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.0M
YoY Change
Debt Paid & Issued, Net $200.0M $1.018B
YoY Change -80.35%
Cash From Financing Activities -$685.0M -$852.0M
YoY Change -19.6% 265.67%
NET CHANGE
Cash From Operating Activities $349.0M $186.0M
Cash From Investing Activities $196.0M $307.0M
Cash From Financing Activities -$685.0M -$852.0M
Net Change In Cash -$140.0M -$359.0M
YoY Change -61.0% -21.96%
FREE CASH FLOW
Cash From Operating Activities $349.0M $186.0M
Capital Expenditures $33.00M $0.00
Free Cash Flow $316.0M $186.0M
YoY Change 69.89%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Hartford Financial Services Group, Inc. is a holding company for insurance and financial services subsidiaries that provide property and casualty and life insurance as well as investment products to both individual and business customers in the United States (collectively, &#8220;The Hartford&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221; or &#8220;our&#8221;). Also, the Company continues to manage life and annuity products previously sold.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2013, the Company completed the sale of its Retirement Plans business to Massachusetts Mutual Life Insurance Company ("MassMutual") and on January 2, 2013 the Company completed the sale of its Individual Life insurance business to The Prudential Insurance Company of America ("Prudential"), a subsidiary of Prudential Financial, Inc. For further discussion of these and other such transactions, see Note </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:inherit;font-size:10pt;">Business Dispositions</font><font style="font-family:inherit;font-size:10pt;"> of Notes to Condensed Consolidated Financial Statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 12, 2013, the Company completed the sale of Hartford Life International Limited ("HLIL"), an indirect wholly-owned</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">subsidiary. For further discussion of this transaction, see Note </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Business Dispositions</font><font style="font-family:inherit;font-size:10pt;"> and Note </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">14</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Discontinued Operations</font><font style="font-family:inherit;font-size:10pt;"> of Notes to Condensed Consolidated Financial Statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) 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 </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> 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. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying Condensed Consolidated Financial Statements and Notes as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, and for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> 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. In 2014, a subsidiary of the Company changed its method of reporting revenues and expenses. Fee income and directly related expenses previously reported as gross amounts are being reported as a net amount in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations. This change in the method of reporting revenues and expenses did not have a material impact on the Company&#8217;s condensed consolidated results of operations, financial position or liquidity. The Condensed Consolidated Financial Statements have been retrospectively adjusted to conform to the current year presentation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's significant accounting policies are summarized in Note </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Basis of Presentation and Significant Accounting Policies</font><font style="font-family:inherit;font-size:10pt;"> of Notes to Consolidated Financial Statements included in the Company's </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> Form 10-K Annual Report.</font></div></div>
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CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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144000000 USD
CY2014Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y146D
CY2013Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5000000 USD
CY2014Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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7000000 USD
CY2014Q1 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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0 USD
CY2013Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
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191000000 USD
CY2014Q1 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
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136000000 USD
CY2013Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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CY2014Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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21000000 USD
CY2014Q1 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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CY2013Q1 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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53000000 USD
CY2014Q1 us-gaap Gain On Derivative Instruments Pretax
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197000000 USD
CY2013Q1 us-gaap Gain On Derivative Instruments Pretax
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1717000000 USD
CY2014Q1 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2013Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2014Q1 us-gaap Goodwill
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498000000 USD
CY2013Q4 us-gaap Goodwill
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498000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations
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495000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations
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CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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655000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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495000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.57
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.10
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-0.57
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.03
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.01
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.01
CY2014Q1 us-gaap Income Tax Expense Benefit
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160000000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
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CY2013Q1 us-gaap Income Tax Reconciliation Deductions Dividends
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32000000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Deductions Dividends
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27000000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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229000000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014Q1 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2013Q1 us-gaap Income Tax Reconciliation Other Adjustments
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22000000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
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34000000 USD
CY2014Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
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35000000 USD
CY2013Q1 us-gaap Income Taxes Paid Net
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21000000 USD
CY2014Q1 us-gaap Income Taxes Paid Net
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CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2013Q1 us-gaap Increase Decrease In Insurance Liabilities
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CY2014Q1 us-gaap Increase Decrease In Insurance Liabilities
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107000000 USD
CY2014Q1 us-gaap Increase Decrease In Reinsurance Recoverable
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CY2013Q1 us-gaap Increase Decrease In Reinsurance Recoverable
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30000000 USD
CY2014Q1 us-gaap Increase Decrease In Trading Securities
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CY2013Q1 us-gaap Increase Decrease In Trading Securities
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CY2013Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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0 shares
CY2014Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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22600000 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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6200000 shares
CY2013Q1 us-gaap Insurance Commissions And Fees
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680000000 USD
CY2014Q1 us-gaap Insurance Commissions And Fees
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CY2013Q1 us-gaap Interest Expense
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107000000 USD
CY2014Q1 us-gaap Interest Expense
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95000000 USD
CY2014Q1 us-gaap Interest Paid
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CY2013Q1 us-gaap Interest Paid
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85000000 USD
CY2014Q1 us-gaap Investments
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CY2013Q4 us-gaap Investments
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CY2014Q1 us-gaap Liabilities
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CY2013Q4 us-gaap Liabilities And Stockholders Equity
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CY2014Q1 us-gaap Liabilities And Stockholders Equity
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CY2014Q1 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
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41461000000 USD
CY2013Q4 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
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CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
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238000000 USD
CY2014Q1 us-gaap Long Term Debt
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CY2013Q4 us-gaap Long Term Debt
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CY2013Q4 us-gaap Long Term Debt Noncurrent
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6106000000 USD
CY2014Q1 us-gaap Long Term Debt Noncurrent
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5818000000 USD
CY2013Q1 us-gaap Loss On Derivative Instruments Pretax
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82000000 USD
CY2014Q1 us-gaap Loss On Derivative Instruments Pretax
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148000000 USD
CY2014Q1 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
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0 USD
CY2013Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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5598000000 USD
CY2014Q1 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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5707000000 USD
CY2014Q1 us-gaap Net Amount At Risk By Product And Guarantee General Account Value
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CY2014Q1 us-gaap Net Amount At Risk By Product And Guarantee Net Amount At Risk
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3795000000 USD
CY2014Q1 us-gaap Net Amount At Risk By Product And Guarantee Net Amount At Risk At Annuitization
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667000000 USD
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CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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307000000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
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196000000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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349000000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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186000000 USD
CY2013Q1 us-gaap Net Income Loss
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CY2014Q1 us-gaap Net Income Loss
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495000000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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495000000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q1 us-gaap Net Investment Income
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3418000000 USD
CY2014Q1 us-gaap Net Investment Income
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600000000 USD
CY2014Q1 us-gaap Noncash Or Part Noncash Divestiture Type Of Consideration Received
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485
CY2013Q1 us-gaap Operating Expenses
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CY2014Q1 us-gaap Operating Expenses
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CY2013Q4 us-gaap Other Assets
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17000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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699000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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779000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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7000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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8000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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738000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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13000000 USD
CY2013Q1 us-gaap Other Income
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68000000 USD
CY2014Q1 us-gaap Other Income
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25000000 USD
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CY2014Q1 us-gaap Other Liabilities
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CY2013Q4 us-gaap Other Long Term Investments
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521000000 USD
CY2014Q1 us-gaap Other Long Term Investments
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340000000 USD
CY2014Q1 us-gaap Other Noncash Income Expense
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97000000 USD
CY2013Q1 us-gaap Other Noncash Income Expense
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187000000 USD
CY2013Q1 us-gaap Other Restructuring Costs
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0 USD
CY2014Q1 us-gaap Other Restructuring Costs
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0 USD
CY2013Q4 us-gaap Other Short Term Investments
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4008000000 USD
CY2014Q1 us-gaap Other Short Term Investments
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4042000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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8000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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7000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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531000000 USD
CY2012Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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1013000000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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906000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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552000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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3000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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6000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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114000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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33000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
33000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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23000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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1000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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12000000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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21000000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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22000000 USD
CY2014Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
17000000 USD
CY2013Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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776000000 USD
CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
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2000000 USD
CY2014Q1 us-gaap Payments For Proceeds From Short Term Investments
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44000000 USD
CY2013Q1 us-gaap Payments For Proceeds From Short Term Investments
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CY2014Q1 us-gaap Payments For Repurchase Of Warrants
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USD
CY2013Q1 us-gaap Payments For Repurchase Of Warrants
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3000000 USD
CY2014Q1 us-gaap Payments For Restructuring
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27000000 USD
CY2013Q1 us-gaap Payments For Restructuring
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22000000 USD
CY2013Q1 us-gaap Payments Of Dividends Common Stock
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44000000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
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67000000 USD
CY2013Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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11000000 USD
CY2014Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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7654000000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
28000000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
46000000 USD
CY2013Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
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30000000 USD
CY2014Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
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204000000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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0 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
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33000000 USD
CY2014Q1 us-gaap Preferred Stock Dividends And Other Adjustments
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0 USD
CY2013Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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10000000 USD
CY2014Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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0 USD
CY2014Q1 us-gaap Preferred Stock Liquidation Preference
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1000
CY2013Q4 us-gaap Preferred Stock Liquidation Preference
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1000
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Premiums And Other Receivables Net
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3465000000 USD
CY2014Q1 us-gaap Premiums And Other Receivables Net
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3466000000 USD
CY2013Q1 us-gaap Premiums Earned Net
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3252000000 USD
CY2014Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
3301000000 USD
CY2014Q1 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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245000000 USD
CY2013Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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244000000 USD
CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period financial information to conform to the current year presentation.</font></div></div>
CY2013Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
485000000 USD
CY2014Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2013Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
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472000000 USD
CY2014Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
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147000000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Other Debt
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CY2014Q1 us-gaap Proceeds From Repayments Of Other Debt
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CY2013Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
161000000 USD
CY2014Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
96000000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8700000000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8600000000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
89000000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
118000000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Treasury Stock
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-35000000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Treasury Stock
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CY2014Q1 us-gaap Professional Fees
ProfessionalFees
1000000 USD
CY2013Q1 us-gaap Professional Fees
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5000000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
495000000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
-241000000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
877000000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
870000000 USD
CY2014Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-86000000 USD
CY2013Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
1606000000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-41000000 USD
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1111000000 USD
CY2014Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
23139000000 USD
CY2013Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
23330000000 USD
CY2013Q4 us-gaap Reinsurance Recoverables On Paid Losses
ReinsuranceRecoverablesOnPaidLosses
138000000 USD
CY2014Q1 us-gaap Reinsurance Recoverables On Paid Losses
ReinsuranceRecoverablesOnPaidLosses
115000000 USD
CY2014Q1 us-gaap Reinsurance Recoverables On Unpaid Losses Gross
ReinsuranceRecoverablesOnUnpaidLossesGross
2862000000 USD
CY2013Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Gross
ReinsuranceRecoverablesOnUnpaidLossesGross
2841000000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1018000000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
200000000 USD
CY2014Q1 us-gaap Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
374000000 USD
CY2014Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
313000000 USD
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
18000000 USD
CY2014Q1 us-gaap Restructuring Charges
RestructuringCharges
20000000 USD
CY2014Q1 us-gaap Restructuring Reserve
RestructuringReserve
21000000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
28000000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
70000000 USD
CY2013Q1 us-gaap Restructuring Reserve
RestructuringReserve
66000000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11111000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10683000000 USD
CY2013Q1 us-gaap Revenues
Revenues
9024000000 USD
CY2014Q1 us-gaap Revenues
Revenues
4461000000 USD
CY2014Q1 us-gaap Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment Fair Value
ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue
55298000000 USD
CY2013Q4 us-gaap Schedule Of Fair Value Of Separate Accounts By Major Category Of Investment Fair Value
ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentFairValue
57463000000 USD
CY2013Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
243000000 USD
CY2014Q1 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
184000000 USD
CY2013Q1 us-gaap Securities Received As Collateral Amount Repledged And Sold
SecuritiesReceivedAsCollateralAmountRepledgedAndSold
39000000 USD
CY2014Q1 us-gaap Securities Received As Collateral Amount Repledged And Sold
SecuritiesReceivedAsCollateralAmountRepledgedAndSold
0 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
50000000 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
50000000 USD
CY2013Q4 us-gaap Security Owned And Pledged As Collateral Fair Value
SecurityOwnedAndPledgedAsCollateralFairValue
347000000 USD
CY2014Q1 us-gaap Security Owned And Pledged As Collateral Fair Value
SecurityOwnedAndPledgedAsCollateralFairValue
107000000 USD
CY2014Q1 us-gaap Separate Account Assets
SeparateAccountAssets
138492000000 USD
CY2013Q4 us-gaap Separate Account Assets
SeparateAccountAssets
140886000000 USD
CY2014Q1 us-gaap Separate Accounts Liability
SeparateAccountsLiability
138492000000 USD
CY2013Q4 us-gaap Separate Accounts Liability
SeparateAccountsLiability
140886000000 USD
CY2014Q1 us-gaap Severance Costs1
SeveranceCosts1
3000000 USD
CY2013Q1 us-gaap Severance Costs1
SeveranceCosts1
13000000 USD
CY2014Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
532000000 USD
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
438000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
2000000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
18905000000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
19774000000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
20920000000 USD
CY2013Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
19745000000 USD
CY2014Q1 us-gaap Trading Securities Equity
TradingSecuritiesEquity
17418000000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
37632782 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
39327213 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1598000000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1550000000 USD
CY2014Q1 us-gaap Unearned Premiums
UnearnedPremiums
5326000000 USD
CY2013Q4 us-gaap Unearned Premiums
UnearnedPremiums
5225000000 USD
CY2014Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The most significant estimates include those used in determining property and casualty 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; evaluation of other-than-temporary impairments on available-for-sale securities and valuation allowances on investments; living benefits required to be fair valued; goodwill impairment; valuation of investments and derivative instruments; 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.</font></div></div>
CY2013Q1 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2000000 USD
CY2014Q1 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
0 USD
CY2014Q1 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
50000000 USD
CY2013Q1 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2000000 USD
CY2014Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
188000000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
199000000 USD
CY2014Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
20000000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
33000000 USD
CY2013Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
177000000 USD
CY2014Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
178000000 USD
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
436300000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
478600000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
449800000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
436300000 shares
CY2014Q1 hig Adjustments To Broker Prices Received
AdjustmentsToBrokerPricesReceived
0 USD
CY2013Q1 hig Adjustments To Unrealized Gains And Losses On Securities Available For Sale And Other
AdjustmentsToUnrealizedGainsAndLossesOnSecuritiesAvailableForSaleAndOther
-25000000 USD
CY2014Q1 hig Adjustments To Unrealized Gains And Losses On Securities Available For Sale And Other
AdjustmentsToUnrealizedGainsAndLossesOnSecuritiesAvailableForSaleAndOther
23000000 USD
CY2013Q1 hig Adjustmentsto Additional Paidin Capital Warrants Exercised
AdjustmentstoAdditionalPaidinCapitalWarrantsExercised
0 USD
CY2014Q1 hig Adjustmentsto Additional Paidin Capital Warrants Exercised
AdjustmentstoAdditionalPaidinCapitalWarrantsExercised
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CY2014Q1 hig Age Of Insurer Up To Return Of Premium And Mav
AgeOfInsurerUpToReturnOfPremiumAndMav
P80Y
CY2014Q1 hig Aggregate Results Of Variable Annuity Hedge Program
AggregateResultsOfVariableAnnuityHedgeProgram
27000000 USD
CY2013Q1 hig Aggregate Results Of Variable Annuity Hedge Program
AggregateResultsOfVariableAnnuityHedgeProgram
209000000 USD
CY2013Q1 hig Amortization Dac
AmortizationDac
432000000 USD
CY2014Q1 hig Amortization Dac
AmortizationDac
408000000 USD
CY2013Q1 hig Amortization Dac From Discontinued Operations
AmortizationDacFromDiscontinuedOperations
-2229000000 USD
CY2014Q1 hig Amortization Dac From Discontinued Operations
AmortizationDacFromDiscontinuedOperations
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CY2014Q1 hig Amortization Of Dac Continuing And Discontinued Operations
AmortizationOfDacContinuingAndDiscontinuedOperations
-396000000 USD
CY2013Q1 hig Amortization Of Dac Continuing And Discontinued Operations
AmortizationOfDacContinuingAndDiscontinuedOperations
-1336000000 USD
CY2013Q1 hig Amortization Unlock
AmortizationUnlock
56000000 USD
CY2014Q1 hig Amortization Unlock
AmortizationUnlock
-1000000 USD
CY2013Q1 hig Amortization Unlock Pre Tax
AmortizationUnlockPreTax
904000000 USD
CY2014Q1 hig Amortization Unlock Pre Tax
AmortizationUnlockPreTax
-12000000 USD
CY2013Q4 hig Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAmortizedCost
23656000000 USD
CY2014Q1 hig Available For Sale Securities Continuous Unrealized Loss Position Amortized Cost
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAmortizedCost
14778000000 USD
CY2013Q4 hig Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Amortized Cost
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost
18031000000 USD
CY2014Q1 hig Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Amortized Cost
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost
9249000000 USD
CY2013Q4 hig Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Amortized Cost
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost
5625000000 USD
CY2014Q1 hig Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Amortized Cost
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost
5529000000 USD
CY2014Q1 hig Available For Sale Securities Debt Maturities Before Mortgage Backed And Asset Backed Securities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesBeforeMortgageBackedAndAssetBackedSecuritiesAmortizedCost
46912000000 USD
CY2014Q1 hig Available For Sale Securities Debt Maturities Before Mortgage Backed And Asset Backed Securities Fair Value
AvailableForSaleSecuritiesDebtMaturitiesBeforeMortgageBackedAndAssetBackedSecuritiesFairValue
49569000000 USD
CY2014Q1 hig Available For Sale Securities Fair Value
AvailableForSaleSecuritiesFairValue
64118000000 USD
CY2013Q4 hig Available For Sale Securities Fair Value
AvailableForSaleSecuritiesFairValue
63225000000 USD
CY2014Q1 hig Available For Sale Securities Mortgage Loans Average Debt Service Coverage Ratio
AvailableForSaleSecuritiesMortgageLoansAverageDebtServiceCoverageRatio
2.35
CY2014Q1 hig Available For Sale Securities Mortgage Loans Percent
AvailableForSaleSecuritiesMortgageLoansPercent
1.000
CY2013Q4 hig Available For Sale Securities Mortgage Loans Percent
AvailableForSaleSecuritiesMortgageLoansPercent
1.000
CY2013Q4 hig Available For Sale Securities Non Credit Otti
AvailableForSaleSecuritiesNonCreditOtti
19000000 USD
CY2014Q1 hig Available For Sale Securities Non Credit Otti
AvailableForSaleSecuritiesNonCreditOtti
16000000 USD
CY2013Q4 hig Behavior Risk Margin
BehaviorRiskMargin
108000000 USD
CY2014Q1 hig Behavior Risk Margin
BehaviorRiskMargin
101000000 USD
CY2014Q1 hig Benefits Losses And Loss Adjustment Expenses
BenefitsLossesAndLossAdjustmentExpenses
2604000000 USD
CY2013Q1 hig Benefits Losses And Loss Adjustment Expenses
BenefitsLossesAndLossAdjustmentExpenses
2664000000 USD
CY2013Q1 hig Benefits Losses And Loss Adjustment Expenses Returns Credited On International Variable Annuities
BenefitsLossesAndLossAdjustmentExpensesReturnsCreditedOnInternationalVariableAnnuities
2562000000 USD
CY2014Q1 hig Benefits Losses And Loss Adjustment Expenses Returns Credited On International Variable Annuities
BenefitsLossesAndLossAdjustmentExpensesReturnsCreditedOnInternationalVariableAnnuities
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CY2013Q4 hig Carrying Value Of Mortgage Loans Associated With Valuation Allowance
CarryingValueOfMortgageLoansAssociatedWithValuationAllowance
191000000 USD
CY2014Q1 hig Carrying Value Of Mortgage Loans Associated With Valuation Allowance
CarryingValueOfMortgageLoansAssociatedWithValuationAllowance
198000000 USD
CY2014Q1 hig Cash Collateral Received
CashCollateralReceived
235000000 USD
CY2013Q4 hig Cash Collateral Received
CashCollateralReceived
180000000 USD
CY2014Q1 hig Certain Loans Acquired In Transfer Held For Sale Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferHeldForSaleAccountedForAsDebtSecuritiesCarryingAmountNet
48000000 USD
CY2013Q4 hig Certain Loans Acquired In Transfer Held For Sale Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferHeldForSaleAccountedForAsDebtSecuritiesCarryingAmountNet
61000000 USD
CY2013Q4 hig Certain Loans And Debt Securities Acquired In Transfer Held For Sale Allowance For Credit Losses Due To Subsequent Impairment
CertainLoansAndDebtSecuritiesAcquiredInTransferHeldForSaleAllowanceForCreditLossesDueToSubsequentImpairment
3000000 USD
CY2014Q1 hig Certain Loans And Debt Securities Acquired In Transfer Held For Sale Allowance For Credit Losses Due To Subsequent Impairment
CertainLoansAndDebtSecuritiesAcquiredInTransferHeldForSaleAllowanceForCreditLossesDueToSubsequentImpairment
1000000 USD
CY2014Q1 hig Change In Accrued And Deferred Income Taxes
ChangeInAccruedAndDeferredIncomeTaxes
-117000000 USD
CY2013Q1 hig Change In Accrued And Deferred Income Taxes
ChangeInAccruedAndDeferredIncomeTaxes
51000000 USD
CY2014Q1 hig Change In Other Than Temporary Impairment Losses Recognized In Other Comprehensive Income
ChangeInOtherThanTemporaryImpairmentLossesRecognizedInOtherComprehensiveIncome
2000000 USD
CY2013Q1 hig Change In Other Than Temporary Impairment Losses Recognized In Other Comprehensive Income
ChangeInOtherThanTemporaryImpairmentLossesRecognizedInOtherComprehensiveIncome
15000000 USD
CY2013Q1 hig Change In Policy Loans Net
ChangeInPolicyLoansNet
6000000 USD
CY2014Q1 hig Change In Policy Loans Net
ChangeInPolicyLoansNet
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CY2014Q1 hig Change In Receivables And Other Assets
ChangeInReceivablesAndOtherAssets
69000000 USD
CY2013Q1 hig Change In Receivables And Other Assets
ChangeInReceivablesAndOtherAssets
123000000 USD
CY2014Q1 hig Credit Standing Adjustment
CreditStandingAdjustment
-2000000 USD
CY2013Q4 hig Credit Standing Adjustment
CreditStandingAdjustment
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CY2014Q1 hig Current Weighted Average Loan To Value Ratio Of Commercial Mortgage Loan
CurrentWeightedAverageLoanToValueRatioOfCommercialMortgageLoan
0.58
CY2013Q1 hig Deposits And Other Additions To Investment And Universal Life Type Contracts
DepositsAndOtherAdditionsToInvestmentAndUniversalLifeTypeContracts
2502000000 USD
CY2014Q1 hig Deposits And Other Additions To Investment And Universal Life Type Contracts
DepositsAndOtherAdditionsToInvestmentAndUniversalLifeTypeContracts
817000000 USD
CY2013Q4 hig Derivatives Priced By Valuation Models
DerivativesPricedByValuationModels
0.97
CY2014Q1 hig Derivatives Priced By Valuation Models
DerivativesPricedByValuationModels
0.98
CY2014Q1 hig Disposal Group Assets Of Business Transferred Under Modified Coinsurance Arrangement
DisposalGroupAssetsOfBusinessTransferredUnderModifiedCoinsuranceArrangement
1300000000 USD
CY2013Q1 hig Disposal Group Including Discontinued Operation Benefits Lossesand Loss Adjustment Expenses
DisposalGroupIncludingDiscontinuedOperationBenefitsLossesandLossAdjustmentExpenses
1000000 USD
CY2013Q1 hig Disposal Group Including Discontinued Operation Benefits Lossesand Loss Adjustment Expenses Returns Creditedon International Variable Annuities
DisposalGroupIncludingDiscontinuedOperationBenefitsLossesandLossAdjustmentExpensesReturnsCreditedonInternationalVariableAnnuities
138000000 USD
CY2013Q1 hig Disposal Group Including Discontinued Operation Fee Income And Other
DisposalGroupIncludingDiscontinuedOperationFeeIncomeAndOther
8000000 USD
CY2013Q1 hig Disposal Group Including Discontinued Operation Insurance Operating And Other Expenses
DisposalGroupIncludingDiscontinuedOperationInsuranceOperatingAndOtherExpenses
8000000 USD
CY2013Q1 hig Disposal Group Including Discontinued Operation Net Investment Income Equity Securities Trading
DisposalGroupIncludingDiscontinuedOperationNetInvestmentIncomeEquitySecuritiesTrading
138000000 USD
CY2013Q1 hig Disposal Group Including Discontinued Operation Net Realized Capital Losses
DisposalGroupIncludingDiscontinuedOperationNetRealizedCapitalLosses
11000000 USD
CY2013Q1 hig Disposal Group Not Discontinued Operation Reinsurance Loss
DisposalGroupNotDiscontinuedOperationReinsuranceLoss
1574000000 USD
CY2014Q1 hig Disposal Group Not Discontinued Operation Reinsurance Loss
DisposalGroupNotDiscontinuedOperationReinsuranceLoss
0 USD
CY2013Q1 hig Earnedpremiumfeeincomeandotherconsiderations
Earnedpremiumfeeincomeandotherconsiderations
3932000000 USD
CY2014Q1 hig Earnedpremiumfeeincomeandotherconsiderations
Earnedpremiumfeeincomeandotherconsiderations
3922000000 USD
CY2014Q1 hig Effect Of Currency Translation Adjustment
EffectOfCurrencyTranslationAdjustment
0 USD
CY2013Q1 hig Effect Of Currency Translation Adjustment
EffectOfCurrencyTranslationAdjustment
86000000 USD
CY2013Q1 hig Income Loss From Continuing Operations Net Of Tax Available To Common Shareholders
IncomeLossFromContinuingOperationsNetOfTaxAvailableToCommonShareholders
-250000000 USD
CY2013Q1 hig Income Loss From Operations Of Discontinued Operations Net Of Tax
IncomeLossFromOperationsOfDiscontinuedOperationsNetOfTax
-1000000 USD
CY2013Q4 hig Equity Securities Available For Sale At Cost
EquitySecuritiesAvailableForSaleAtCost
850000000 USD
CY2014Q1 hig Equity Securities Available For Sale At Cost
EquitySecuritiesAvailableForSaleAtCost
745000000 USD
CY2013Q1 hig Equity Securities Trading
EquitySecuritiesTrading
2562000000 USD
CY2014Q1 hig Equity Securities Trading
EquitySecuritiesTrading
-236000000 USD
CY2014Q1 hig Equity Securities Trading At Cost
EquitySecuritiesTradingAtCost
10000000 USD
CY2013Q4 hig Equity Securities Trading At Cost
EquitySecuritiesTradingAtCost
14504000000 USD
CY2014Q1 hig Fair Value Impactedby Ratings Downgrade
FairValueImpactedbyRatingsDowngrade
-34 USD
CY2013Q1 hig Fixed Annuity Contract Hedges Net
FixedAnnuityContractHedgesNet
3000000 USD
CY2014Q1 hig Fixed Annuity Contract Hedges Net
FixedAnnuityContractHedgesNet
-9000000 USD
CY2013Q4 hig Fixed Maturities At Fair Value Using Fair Value Option
FixedMaturitiesAtFairValueUsingFairValueOption
844000000 USD
CY2014Q1 hig Fixed Maturities At Fair Value Using Fair Value Option
FixedMaturitiesAtFairValueUsingFairValueOption
1009000000 USD
CY2013Q4 hig Fixed Maturities At Fair Value Using Fair Value Option Variable Interest Entity Assets
FixedMaturitiesAtFairValueUsingFairValueOptionVariableInterestEntityAssets
161000000 USD
CY2014Q1 hig Fixed Maturities At Fair Value Using Fair Value Option Variable Interest Entity Assets
FixedMaturitiesAtFairValueUsingFairValueOptionVariableInterestEntityAssets
155000000 USD
CY2014Q1 hig Fixed Maturities Available For Sale At Amortized Cost
FixedMaturitiesAvailableForSaleAtAmortizedCost
60455000000 USD
CY2013Q4 hig Fixed Maturities Available For Sale At Amortized Cost
FixedMaturitiesAvailableForSaleAtAmortizedCost
60641000000 USD
CY2013Q1 hig Fixed Maturities Available For Sale Proceeds
FixedMaturitiesAvailableForSaleProceeds
7687000000 USD
CY2014Q1 hig Fixed Maturities Available For Sale Proceeds
FixedMaturitiesAvailableForSaleProceeds
8015000000 USD
CY2014Q1 hig Fixed Maturities Fair Value Option
FixedMaturitiesFairValueOption
55000000 USD
CY2013Q1 hig Fixed Maturities Fair Value Option
FixedMaturitiesFairValueOption
49000000 USD
CY2014Q1 hig General Account Value Subject
GeneralAccountValueSubject
4249000000 USD
CY2013Q1 hig Gross Fee Income Earned Premium And Other Life
GrossFeeIncomeEarnedPremiumAndOtherLife
1703000000 USD
CY2013Q1 hig Gross Gains And Losses On Sales And Impairments Reported In Aoci
GrossGainsAndLossesOnSalesAndImpairmentsReportedInAoci
1600000000 USD
CY2014Q1 hig Gross Gains And Losses On Sales And Impairments Reported In Aoci
GrossGainsAndLossesOnSalesAndImpairmentsReportedInAoci
0 USD
CY2014Q1 hig Income Loss From Continuing Operations Net Of Tax Available To Common Shareholders
IncomeLossFromContinuingOperationsNetOfTaxAvailableToCommonShareholders
495000000 USD
CY2014Q1 hig Invested In Equity Securities
InvestedInEquitySecurities
0.83
CY2014Q1 hig Invested In Fixed Income Securities
InvestedInFixedIncomeSecurities
0.17
CY2014Q1 hig Investment Sales Receivable
InvestmentSalesReceivable
1500000000 USD
CY2013Q4 hig Investment Sales Receivable
InvestmentSalesReceivable
2400000000 USD
CY2013Q1 hig Life Insurance Recoveries On Ceded Reinsurance Contracts
LifeInsuranceRecoveriesOnCededReinsuranceContracts
232000000 USD
CY2014Q1 hig Life Insurance Recoveries On Ceded Reinsurance Contracts
LifeInsuranceRecoveriesOnCededReinsuranceContracts
215000000 USD
CY2013Q4 hig Limited Partnerships And Other Alternative Investments
LimitedPartnershipsAndOtherAlternativeInvestments
3040000000 USD
CY2014Q1 hig Limited Partnerships And Other Alternative Investments
LimitedPartnershipsAndOtherAlternativeInvestments
3021000000 USD
CY2014Q1 hig Maximum Term Over For Hedging Exposure To Variability Of Future Cash Flows
MaximumTermOverForHedgingExposureToVariabilityOfFutureCashFlows
P2Y
CY2014Q1 hig Mortgage Backed And Asset Backed Securities Amortized Cost
MortgageBackedAndAssetBackedSecuritiesAmortizedCost
13543000000 USD
CY2014Q1 hig Mortgage Backed And Asset Backed Securities Fair Value
MortgageBackedAndAssetBackedSecuritiesFairValue
13770000000 USD
CY2013Q1 hig Net Fee Income Earned Premium And Other Life
NetFeeIncomeEarnedPremiumAndOtherLife
1344000000 USD
CY2013Q1 hig Net Increase Decrease In Cash
NetIncreaseDecreaseInCash
-436000000 USD
CY2014Q1 hig Net Increase Decrease In Cash
NetIncreaseDecreaseInCash
-143000000 USD
CY2013Q1 hig Net Otti Losses Recognized In Earnings
NetOttiLossesRecognizedInEarnings
21000000 USD
CY2014Q1 hig Net Otti Losses Recognized In Earnings
NetOttiLossesRecognizedInEarnings
22000000 USD
CY2013Q1 hig Net Receipts To From Investment Contracts Related To Policyholder Funds International Variable Annuities
NetReceiptsToFromInvestmentContractsRelatedToPolicyholderFundsInternationalVariableAnnuities
834000000 USD
CY2014Q1 hig Net Receipts To From Investment Contracts Related To Policyholder Funds International Variable Annuities
NetReceiptsToFromInvestmentContractsRelatedToPolicyholderFundsInternationalVariableAnnuities
2458000000 USD
CY2014Q1 hig Net Transfers From To Separate Accounts Related To Investment And Universal Life Type Contracts
NetTransfersFromToSeparateAccountsRelatedToInvestmentAndUniversalLifeTypeContracts
3581000000 USD
CY2013Q1 hig Net Transfers From To Separate Accounts Related To Investment And Universal Life Type Contracts
NetTransfersFromToSeparateAccountsRelatedToInvestmentAndUniversalLifeTypeContracts
4082000000 USD
CY2014Q1 hig Notional Value Impactedby Ratings Downgrade
NotionalValueImpactedbyRatingsDowngrade
10300000000 USD
CY2014Q1 hig Number Of Company Reporting Segments
NumberOfCompanyReportingSegments
6
CY2014Q1 hig Number Of Securities Included In Afs Securities In Unrealized Loss Position
NumberOfSecuritiesIncludedInAfsSecuritiesInUnrealizedLossPosition
2713 securities
CY2014Q1 hig Number Of Years To Maturity For Securities Concentrated In Financial Services Sector
NumberOfYearsToMaturityForSecuritiesConcentratedInFinancialServicesSector
P10Y
CY2014Q1 hig Original Weighted Average Loan To Value Ratio Of Commercial Mortgage Loan
OriginalWeightedAverageLoanToValueRatioOfCommercialMortgageLoan
0.63
CY2014Q1 hig Other Net Realized Capital Gains Losses
OtherNetRealizedCapitalGainsLosses
-80000000 USD
CY2013Q1 hig Other Net Realized Capital Gains Losses
OtherNetRealizedCapitalGainsLosses
204000000 USD
CY2014Q1 hig Other Policyholder Funds And Benefits Payable
OtherPolicyholderFundsAndBenefitsPayable
38430000000 USD
CY2013Q4 hig Other Policyholder Funds And Benefits Payable
OtherPolicyholderFundsAndBenefitsPayable
39029000000 USD
CY2014Q1 hig Other Policyholder Funds And Benefits Payable International Variable Annuities
OtherPolicyholderFundsAndBenefitsPayableInternationalVariableAnnuities
17406000000 USD
CY2013Q4 hig Other Policyholder Funds And Benefits Payable International Variable Annuities
OtherPolicyholderFundsAndBenefitsPayableInternationalVariableAnnuities
19734000000 USD
CY2013Q1 hig Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsPreviousImpairment
2000000 USD
CY2014Q1 hig Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsPreviousImpairment
11000000 USD
CY2014Q1 hig Partnerships Payments
PartnershipsPayments
70000000 USD
CY2013Q1 hig Partnerships Payments
PartnershipsPayments
164000000 USD
CY2013Q1 hig Partnerships Proceeds
PartnershipsProceeds
147000000 USD
CY2014Q1 hig Partnerships Proceeds
PartnershipsProceeds
123000000 USD
CY2013Q1 hig Payments To Acquire Fair Value Options
PaymentsToAcquireFairValueOptions
31000000 USD
CY2014Q1 hig Payments To Acquire Fair Value Options
PaymentsToAcquireFairValueOptions
168000000 USD
CY2014Q1 hig Percent Of Fair Value Of Securities Transferred For Collateral Obtained On Repurchase Agreement
PercentOfFairValueOfSecuritiesTransferredForCollateralObtainedOnRepurchaseAgreement
at least 95%
CY2014Q1 hig Percentage Of Gmdb Retained Net Amount Of Risk Reinsured To Company Affiliate
PercentageOfGmdbRetainedNetAmountOfRiskReinsuredToCompanyAffiliate
0.3
CY2014Q1 hig Percentage Of Gmib Net Amount Of Risk Reinsured To Company Affiliate
PercentageOfGmibNetAmountOfRiskReinsuredToCompanyAffiliate
0.74
CY2014Q1 hig Percentage Of Gross Unrealized Losses Depressed Less Than Twenty Percent Of Cost Or Amortized Cost
PercentageOfGrossUnrealizedLossesDepressedLessThanTwentyPercentOfCostOrAmortizedCost
0.94
CY2014Q1 hig Percentage Of Stockholders Equity To Credit Concentration Risk
PercentageOfStockholdersEquityToCreditConcentrationRisk
0.10
CY2014Q1 hig Periodic Net Coupon Settlements On Credit Derivatives
PeriodicNetCouponSettlementsOnCreditDerivatives
3000000 USD
CY2013Q1 hig Periodic Net Coupon Settlements On Credit Derivatives
PeriodicNetCouponSettlementsOnCreditDerivatives
-6000000 USD
CY2013Q1 hig Proceeds From Net Issuance Of Shares Under Incentive And Stock Compensation Plans And Excess Tax Benefit
ProceedsFromNetIssuanceOfSharesUnderIncentiveAndStockCompensationPlansAndExcessTaxBenefit
-5000000 USD
CY2014Q1 hig Proceeds From Net Issuance Of Shares Under Incentive And Stock Compensation Plans And Excess Tax Benefit
ProceedsFromNetIssuanceOfSharesUnderIncentiveAndStockCompensationPlansAndExcessTaxBenefit
30000000 USD
CY2014Q1 hig Property And Casualty Ceded Losses Which Reduce Losses And Loss Adjustment Expenses Incurred
PropertyAndCasualtyCededLossesWhichReduceLossesAndLossAdjustmentExpensesIncurred
105000000 USD
CY2013Q1 hig Property And Casualty Ceded Losses Which Reduce Losses And Loss Adjustment Expenses Incurred
PropertyAndCasualtyCededLossesWhichReduceLossesAndLossAdjustmentExpensesIncurred
133000000 USD
CY2013Q1 hig Realized Capital Gains Losses Continuing And Discontinued Operations
RealizedCapitalGainsLossesContinuingAndDiscontinuedOperations
1595000000 USD
CY2014Q1 hig Realized Capital Gains Losses Continuing And Discontinued Operations
RealizedCapitalGainsLossesContinuingAndDiscontinuedOperations
-86000000 USD
CY2014Q1 hig Recoveryofpreviouscounterpartylosses
Recoveryofpreviouscounterpartylosses
7000000 USD
CY2014Q1 hig Securities Available For Sale And Other
SecuritiesAvailableForSaleAndOther
836000000 USD
CY2013Q1 hig Securities Available For Sale And Other
SecuritiesAvailableForSaleAndOther
856000000 USD
CY2014Q1 hig Securities Depressed To Cost Or Amortized Cost Lower Limit
SecuritiesDepressedToCostOrAmortizedCostLowerLimit
0.20
CY2014Q1 hig Separate Account Liabilities Non Domestic Gmdb
SeparateAccountLiabilitiesNonDomesticGmdb
83194000000 USD
CY2014Q1 hig Separate Accounts Liabilities
SeparateAccountsLiabilities
55298000000 USD
CY2014Q1 hig Short Term Debt
ShortTermDebt
289000000 USD
CY2013Q4 hig Short Term Debt
ShortTermDebt
200000000 USD
CY2013Q1 hig Stock Issued During Period Value Warrants Exercise
StockIssuedDuringPeriodValueWarrantsExercise
0 USD
CY2014Q1 hig Stock Issued During Period Value Warrants Exercise
StockIssuedDuringPeriodValueWarrantsExercise
318000000 USD
CY2013Q1 hig Valuation Allowances On Mortgage Loans
ValuationAllowancesOnMortgageLoans
0 USD
CY2014Q1 hig Valuation Allowances On Mortgage Loans
ValuationAllowancesOnMortgageLoans
0 USD
CY2013Q4 hig Variable Interest Entity Assets Consolidatedwithin Shortterm Investments
VariableInterestEntityAssetsConsolidatedwithinShorttermInvestments
3000000 USD
CY2014Q1 hig Variable Interest Entity Assets Consolidatedwithin Shortterm Investments
VariableInterestEntityAssetsConsolidatedwithinShorttermInvestments
12000000 USD
CY2013Q1 hig Weighted Average Common Shares Outstanding And Dilutive Potential Common Shares Impact Of Mandatory Convertible Preferred Shares Was Not Antidilutive
WeightedAverageCommonSharesOutstandingAndDilutivePotentialCommonSharesImpactOfMandatoryConvertiblePreferredSharesWasNotAntidilutive
493100000 shares
CY2013Q1 hig Weighted Average Number Diluted Shares Outstanding Assuming Conversion Of Preferred Shares
WeightedAverageNumberDilutedSharesOutstandingAssumingConversionOfPreferredShares
493100000 shares
CY2014Q1 hig Withdrawals And Other Deductions From Investment And Universal Life Type Contracts
WithdrawalsAndOtherDeductionsFromInvestmentAndUniversalLifeTypeContracts
-4687000000 USD
CY2013Q1 hig Withdrawals And Other Deductions From Investment And Universal Life Type Contracts
WithdrawalsAndOtherDeductionsFromInvestmentAndUniversalLifeTypeContracts
-6763000000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000874766
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
449692411 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
HARTFORD FINANCIAL SERVICES GROUP INC/DE
CY2014Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
141307000000 USD
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
159441000000 USD

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0000874766-14-000016.txt Edgar Link pending
0000874766-14-000016-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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