Government repayment caps strong year for Hartford

The Hartford Financial Services Group, Inc consolidated results year ended 31 December ● US$m Category 2006 2007 2008 2009 2010 Gross written premium 11,865.00 11,486.00 11,049.00 10,423.00 10,304.00 Net written premium 10,662.00 10,440.00 10,231.00 9,711.00 9,685.00 Increased NWP % 1.7 (2.1) (2.0) (5.1) (0.3) Retention % 89.9 90.9 92.6 93.2 94.0 Net earned premium 10,433.00 10,496.00 10,338.00 9,861.00 9,693.00 Claims incurred 7,002.00 6,917.00 6,707.00 6,410.00 6,572.00 Claims incurred % NEP 67.1 65.9 64.9 65.0 67.8 Operating expenses 2,677.00 2,777.00 2,772.00 2,759.00 2,741.00 Operating expenses % NWP 25.1 26.6 27.1 28.4 28.3 Underwriting result 745.00 759.00 812.00 682.00 380.00 Underwriting result % NWP 7.0 7.3 7.9 7.0 3.9 Combined ratio % 89.3 90.8 90.7 90.4 96.1 Life GWP 9,685.00 10,948.00 10,704.00 9,610.00 9,710.00 Life NWP 9,316.00 10,543.00 10,283.00 9,126.00 9,134.00 Life result - - - - - Net investment income 6,515.00 5,359.00 (6,005.00) 7,219.00 3,618.00 Net realised gains/(losses) (251.00) (994.00) (5,918.00) (2,010.00) (554.00) Pre-tax result 3,602.00 4,005.00 (4,591.00) (1,728.00) 2,264.00 Pre-tax % NWP 33.8 38.4 (44.9) (17.8) 23.4 Net result 2,745.00 2,949.00 (2,749.00) (887.00) 1,680.00 Shareholders' funds 18,876.00 19,204.00 9,268.00 17,865.00 20,311.00 Solvency margin % 177.0 183.9 90.6 184.0 209.7 Unearned premium reserve 5,620.00 5,545.00 5,379.00 5,221.00 5,176.00 Outstanding claims reserve 17,604.00 18,231.00 18,347.00 18,210.00 17,948.00 Total technical provisions 23,224.00 23,776.00 23,726.00 23,431.00 23,124.00 Technical reserves as % NWP 217.8 227.7 231.9 241.3 238.8 Overall coverage as % NWP 394.9 411.7 322.5 425.2 448.5