Hartford Financial Services Affirmed

August 8, 2005

A.M. Best Co. affirmed the financial strength ratings of “A+” (superior) and assigned issuer credit ratings of “aa-” to the Hartford Insurance Pool and its members. Concurrently, Best assigned an ICR of “a-” to Hartford Financial Services Group Inc. and affirmed all its outstanding debt ratings. All ratings have a stable outlook.

The ratings reflect the pool’s superior capitalization, very strong operating results and excellent business position. The pool enjoys significant operational breadth and depth in desired markets and utilizes its advantageous scale and scope of product offerings, distribution capabilities, technological expertise and service focus to respond to market trends in core business lines serving commercial and personal lines insurance markets.

Furthermore, due to considerable rate increases from prior pricing periods earning through the income statement, enhanced risk selection and cost cutting initiatives, the pool generated solid underwriting results in core business lines, as evidenced by a reported year-end 2004 statutory combined ratio of 99.7 with strong operating momentum continuing through the first quarter 2005.

Somewhat offsetting these strengths are the continued exposure to adverse loss reserve development from prior accident years, softening market conditions with regard to premium pricing and modest concerns pertaining to the various subpoenas that The Hartford has received related to certain regulatory probes of the insurance industry.

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