Travelers 2004 Annual Report Download - page 228

SCHEDULE V
THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
Valuation and Qualifying Accounts
(in millions)
Balance at
beginning
of period
Charged to
costs and
expenses (1)
Charged to
other
accounts (2) Deductions (3)
Balance at
end of
period
2004
Reinsurance recoverables .................... $386 $331 $— $(34) $751
Allowance for uncollectible:
Agency loans ......................... $— $ 1 $1 $— $ 2
Premiums receivable from underwriting
activities ........................... $ 80 $ 98 $— $ 50 $128
Deductibles ........................... $ 28 $ 73 $— $ — $101
2003
Reinsurance recoverables .................... $329 $ — $94 $ 37 $386
Allowance for uncollectible:
Premiums receivable from underwriting
activities ........................... $ 78 $ 37 $— $35 $ 80
Deductibles ........................... $ 27 $ 1 $— $— $ 28
2002
Reinsurance recoverables .................... $286 $ — $50 $ 7 $329
Allowance for uncollectible:
Premiums receivable from underwriting
activities ........................... $ 81 $ 40 $— $43 $ 78
Deductibles ........................... $ 27 $ — $— $— $ 27
(1) Includes balances acquired in the merger and accounting conformity adjustments.
(2) Charged to claims and claim adjustment expenses in the consolidated statement of income (loss).
(3) Credited to the related asset account. Amount in 2004 includes $62 million addition related to the
commutation of certain reinsurance agreements, offset by $28 million of deductions.
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