Debt Instrument, Repurchased Face Amount

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| [Table of Contents](#i0cc44b9a01a5457791ad0e0574b4c522_7) |  | Note 10 - Reserve for Future Policy Benefits |

THE HARTFORD FINANCIAL SERVICES GROUP, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 10. RESERVE FOR FUTURE POLICY BENEFITS

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| Changes in Reserves for Future Policy Benefits[1] |
|  | For the nine months ended September 30, |
|  | 2022 | 2021 |
| Beginning liability balance | $ | 596  |  | $ | 638  |  |
| Incurred | 80  |  | 45  |  |
| Paid | (91) |  | (74) |  |
| Change in unrealized investment gains and losses | (18) |  | (7) |  |
| Ending liability balance | $ | 567  |  | $ | 602  |  |
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| Ending reinsurance recoverable asset | $ | 31  |  | $ | 22  |  |

[1]Reserves for future policy benefits includes paid-up life insurance and whole-life policies resulting from conversion from group life policies included within the Group Benefits segment and reserves for run-off structured settlement and terminal funding agreement liabilities which are in the Corporate category.11. DEBTJunior Subordinated Debentures On April 15, 2022, The Hartford redeemed at par $600 aggregate principal amount of its 7.875% junior subordinated debentures due 2042 and recognized, in insurance operating costs and other expenses, a loss on extinguishment of debt of $9, before tax, for unamortized debt issuance costs.  
 Shelf Registrations On February 22, 2022, the Company filed with the Securities and Exchange Commission an automatic shelf registration statement (Registration No. 333-262879) for the potential offering and sale of debt and equity securities. The registration statement allows for the following types of securities to be offered: debt securities, junior subordinated debt securities, guarantees, preferred stock, common stock, depositary shares, warrants, stock purchase contracts, and stock purchase units. In that The Hartford is a well-known seasoned issuer, as defined in Rule 405 under the Securities Act of 1933, the registration statement went effective immediately upon filing and The Hartford may offer and sell an unlimited amount of securities under the registration statement during the three-year life of the registration statement.44
