34
(in millions)
Cash Flows
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
Investments
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
Insurance Financial Strength Ratings
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.