The increase in margins is supported by increase in premiums due to the implementation of the new variable annuity products and increase in fee income due to increases in average assets under management resulting from improvements in equity markets and increased deposit activity as equity market improvements created an environment where investors were willing to re-enter the capital markets.

FORBES: Big Gains For Hartford Are Behind It

Annuity payments can be deferred until retirement or advanced age, at which point tax would be due on the income component of the annuity payments.

FORBES