Travelers 2005 Annual Report Download - page 143

See notes to consolidated financial statements.
131
THE ST. PAUL TRAVELERS COMPANIES, INC.AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2005 2004
Assets
Fixed maturities, available for sale at fair value (including $2,667 and $2,603 subject to
securities lending and repurchase agreements) (amortized cost $58,616 and $53,017) .... $ 58,983
$ 54,269
Equity securities, at fair value (cost $538 and $687) ................................... 579 759
Real estate..................................................................... 752 773
Mortgage loans................................................................. 145 191
Short-term securities ............................................................ 4,802 4,944
Other investments.............................................................. 3,026 3,432
Total investments ........................................................... 68,287
64,368
Cash.......................................................................... 337 262
Investment income accrued....................................................... 761 671
Premiums receivable ............................................................ 6,124 6,201
Reinsurance recoverables........................................................ 19,574 19,054
Ceded unearned premiums ....................................................... 1,322 1,565
Deferred acquisition costs ........................................................ 1,527 1,559
Deferred tax asset............................................................... 2,062 2,198
Contractholder receivables....................................................... 5,516 5,629
Goodwill ...................................................................... 3,442 3,564
Intangible assets................................................................ 917 1,062
Net assets of discontinued operations .............................................. — 2,041
Other assets. ................................................................... 3,318 3,072
Total assets ................................................................ $ 1 13,187
$ 1 11,246
Liabilities
Claims and claim adjustment expense reserves. ...................................... $ 61,090 $ 59,070
Unearned premiumreserves...................................................... 10,927
11,310
Contractholder payables ......................................................... 5,516
5,629
Payables for reinsurance premiums ................................................ 720
896
Debt .......................................................................... 5,850 6,313
Other liabilities ................................................................. 6,781
6,827
Total liabilities............................................................. 90,884
90,045
Shareholders’ equity
Preferred stock:
Savings Plan—convertible preferred stock (0.5 shares and 0.6 shares issued and
outstanding) ............................................................... 153 193
Guaranteed obligation—Stock Ownership Plan .................................... — (5)
Common stock (1,750.0 shares authorized; 694.6 and 670.7 shares issued;
693.4 and 670.3 shares outstanding) .............................................. 18,179 17,414
Retained earnings............................................................... 3,750 2,744
Accumulated other changes in equity from nonowner sources .......................... 351 952
Treasury stock,at cost (1.2 and 0.4 shares) .......................................... (47 )(14)
Unearned compensation......................................................... (83 )(83)
Total shareholders’ equity.................................................... 22,303
21,201
Total liabilities and shareholders’ equity ....................................... $ 1 13,187
$ 1 11,246