<PAGE> 1
EXHIBIT 12.01
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS
TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
<TABLE>
<CAPTION>
SIX MONTHS
JUNE 30, YEAR ENDED DECEMBER 31,
(In millions) 2000 1999 1999 1998 1997 1996 1995
---------------- ------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings $ 602 $ 651 $ 1,235 $1,475 $1,703 $ (318) $ 742
ADD:
Fixed Charges
Interest expense 109 107 219 216 213 148 101
Interest factor attributable to rentals 32 30 61 54 48 36 49
---------------- ------------------------------------------------------
TOTAL FIXED CHARGES 141 137 280 270 261 184 150
EARNINGS, AS DEFINED $ 743 $ 788 $ 1,515 $1,745 $1,964 $ (134) $ 892
FIXED CHARGES
Fixed charges above $ 141 $ 137 $ 280 $ 270 $ 261 $ 184 $ 150
Dividends on subsidiary preferred stock - - - - - - 4
---------------- ------------------------------------------------------
TOTAL FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS $ 141 $ 137 $ 280 $ 270 $ 261 $ 184 $ 154
RATIOS
Earnings, as defined, to total fixed charges [1] 5.3 5.8 5.4 6.5 7.5 (0.7) 5.9
Earnings, as defined, to total fixed charges and
preferred dividend requirements 5.3 5.8 5.4 6.5 7.5 (0.7) 5.8
</TABLE>
[1] The 1997 earnings to total fixed charges ratio, excluding the equity gain on
HLI initial public offering of $368, was 6.1. The 1996 earnings to total fixed
charges ratio, excluding other charges of $1,061, before-tax, primarily related
to environmental and asbestos reserve increases and recognition of losses on
GIC, was 5.0.
