Travelers 2005 Annual Report Download - page 242

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SCHEDULE II
THE ST. PAUL TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED BALANCE SHEET
At December 31,2005 2004
Assets
Fixed maturities. ........................................................... $ 444 $ 32
Equity securities ........................................................... 58 75
Short-term securities ....................................................... 1,109 127
Net assets ofdiscontinued operations ......................................... — 1,696
Investment insubsidiaries at equity ........................................... 23,708 22,042
Other assets ............................................................... 727 1,038
Total assets ........................................................... $ 2 6,046 $ 2 5,010
Liabilities
Debt...................................................................... $3,272 $3,809
Other liabilities............................................................ 471 —
Total liabilities ........................................................ 3,743 3,809
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 nonownersources.................... 351 952
Treasury stock, at cost (1.2and 0.4 shares). .................................... (47 )(14)
Unearned compensation.................................................... (83 )(83)
Total shareholders’ equity............................................... 22,303 21,201
Total liabilities and shareholders’ equity.................................. $ 2 6,046 $ 2 5,010
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.