(in millions) Cash Flows Investments Insurance Financial Strength Ratings 2001 2000 1999 Operating cash flows $ 2,303 $ 2,435 $ 954 Investing cash flows $ (5,536) $ (2,164) $ 2,216 Financing cash flows $ 3,365 $ (208) $ (3,104) Cash—beginning of year $ 227 $ 182 $ 123 Cash—end of year $ 353 $ 227 $ 182 2001 2000 Amount Percent Amount Percent United States Government/Government agencies $ 2,545 6.4% $ 1,988 5.8% AAA 10,087 25.2% 10,098 29.3% AA 5,769 14.4% 5,946 17.2% A 11,112 27.7% 8,754 25.4% BBB 6,853 17.1% 4,570 13.2% BB & below 1,573 3.9% 1,040 3.0% Short-term 2,107 5.3% 2,096 6.1% Total fixed maturities 40,046 100.0% 34,492 100.0% Equities 1,349 1,056 Other investments 5,294 5,121 Total investments $ 46,689 $ 40,669 Standard A.M. Best Fitch & Poor’s Moody’s Hartford Fire A+ AA AA Aa3 Hartford Life Insurance Company A+ AA+ AA Aa3 Hartford Life & Accident A+ AA+ AA Aa3 Hartford Life & Annuity A+ AA+ AA Aa3 For additional information, see the Company’s Annual Report on Form 10-K. 34