Travelers 2004 Annual Report Download - page 225

SCHEDULE II
THE ST. PAUL TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED BALANCE SHEET
At December 31, 2004 2003
Assets
Fixed maturities ............................................................. $32$—
Equity securities ............................................................ 75 —
Short-term securities ......................................................... 127 189
Investment in subsidiaries at equity ............................................. 23,738 13,962
Goodwill .................................................................. —155
Other assets ................................................................ 605 108
Total assets ............................................................ $24,577 $14,414
Liabilities
Debt ...................................................................... $ 3,809 $ 2,251
Other liabilities ............................................................. (433) 176
Total liabilities ......................................................... 3,376 2,427
Shareholders’ equity
Preferred stock:
Stock Ownership Plan—convertible preferred stock (0.6 shares issued and
outstanding) .......................................................... 193 —
Guaranteed obligation—Stock Ownership Plan ................................ (5) —
Common stock (1,750.0 shares authorized, 670.7 and 437.8 shares issued; 670.3 and 435.8
shares outstanding) ........................................................ 17,414 10
Additional paid-in capital ..................................................... —8,705
Retained earnings ........................................................... 2,744 2,290
Accumulated other changes in equity from nonowner sources ........................ 952 1,086
Treasury stock, at cost (0.4 and 2.0 shares) ....................................... (14) (74)
Unearned compensation ...................................................... (83) (30)
Total shareholders’ equity ................................................. 21,201 11,987
Total liabilities and shareholders’ equity ................................... $24,577 $14,414
The condensed financial statements should be read in conjunction with the consolidated financial statements
and notes thereto.
Data for 2004 represents the balance sheet of The St. Paul Travelers Companies, Inc. (parent only). Data for
2003 represents the balance sheet of Travelers Property Casualty Corp. (parent only).
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