Business profiles:   Overview Overview Institutional Solutions Overview Individual Life  Group Benefits Overview Overview International 26 Change In millions from 2003 Sales $23,801 +4% Operating income $ 542 +33%  Change In millions from 2003 Sales $4,778 +10% Operating income $ 125 +2%  Change In millions from 2003 Sales $233 +19% Operating income $154 +8%  Change In millions from 2003 Sales $632 +25% Operating income $229 +55%  Change In millions from 2003 Sales (Japan)* $7,786 +108%  *Atthistime,HartfordLifeonlydisclosessalesandasset information for its Japan operation. Retail Products The retail products team is a leading provider of investment vehicles designed to help individual investors achieve their long-term savings goals. We provide the investor access to superior asset management through such products as annuities, mutual funds, 401(k) plans, 529 college savings  plans and other specialty products. The institutional solutions team provides customized wealth creation and financial protection solutions for institutions, corporate and government employers, and high-net-worth individuals. The individual life team offers a broad product portfolio of variable universal life, universal life, whole life and term insurance. Our products provide liq- uidity for estate taxes, income replacement, protection and tax-preferred bene- fits for small businesses, and more. These products are distributed through a wide network of national and regional broker-dealer organizations, banks and independent financial advisors,independent life and property-casualty agents, and Woodbury Financial Services, a subsidiary retail broker-dealer. The group benefits team provides a portfolio of insurance products to employers, associations and affinity groups that offer protection to employ- ees, members and affiliates. These products include short- and long-term  disability, group life and accident insurance, and other specialty products such as medical stop-loss and retiree health policies sold through brokers  and third-party administrators. The Hartford’s international team provides retirement savings, wealth  creation and financial protection solutions for individual investors outside  of the United States. Products include both variable and fixed annuities. 