Background

There are two types of ratings which agencies typically issue:

1) Financial strength ratings - assess an insurer's ability to meet its financial obligations to policyholders.

2) Debt ratings - assess a company's prospects for repaying its debts and assist lenders in setting interest rates and terms for a company's commercial paper, loans, bonds, etc.

Ratings agencies examine a wide range of important factors:

Quantitative financial performance — profit margins, financial leverage, liquidity, cash flows, capital and surplus ratios.

Qualitative judgments — underwriting cycle, competitive environment, regulatory and political factors, soundness of reinsurance, reserves, quality of invested assets, management experience and accomplishments.

Agencies that rate The Hartford and its entities:

A.M.Best is the oldest provider of insurance ratings and financial data exclusively focused on the insurance industry.

Moody's is a leading global credit provider of credit ratings, research and risk analysis with over 100 years of experience.

S&P Global Rating, formerly known as Standard & Poor's Ratings Services, has been a leading provider of credit ratings, research, and thought leadership for more than 150 years.

For additional information, please see:
www.ambest.com
www.moodys.com
www.standardandpoors.com

Financial Strength

company A.M. Best Moody's Standard & Poor's
Hartford Fire Insurance Company A+
Stable
A1
Positive
A+
Stable
Hartford Life and Accident Insurance Company A+
Stable
A1
Stable
A+
Stable
Navigators Insurance Company A+
Stable
NR A+
Stable
NR – Not rated

Debt

company A.M. Best Moody's Standard & Poor's
The Hartford Financial Services Group, Inc.
Senior debt a-
Stable
Baa1
Positive
BBB+
Stable
Junior subordinated debentures bbb
Stable
Baa2
Positive
BBB-
Stable
Preferred stock bbb
Stable
Baa3
Positive
BBB-
Stable

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