Travelers 2005 Annual Report Download - page 245

233
SCHEDULE V
THE ST. PAUL TRAVELERS COMPANIES, INC.AND SUBSIDIARIES
Valuation andQualifying 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
2005
Reinsurance recoverables ............... $ 7 51 $ 57$ — $ 4 $ 8 04
Allowance for uncollectible:
Agency loans ........................ $ 2 $ 1 $ — $ — $ 3
Premiums receivable from underwriting
activities.......................... $ 1 32 $41$ ( 14) $ 54 $ 1 05
Deductibles ......................... $ 1 01 $ (2) $ 14 $ 20 $ 93
2004
Reinsurance recoverables ............... $ 386$ 3 31 $— $ (34) $ 751
Allowance for uncollectible:
Agency loans........................ $— $ 1$1$—$ 2
Premiums receivable from underwriting
activities.......................... $80$ 1 13 $— $61$ 1 32
Deductibles ......................... $ 28 $ 92 $— $19$101
2003
Reinsurance recoverables ............... $329 $— $ 94 $ 37 $386
Allowance for uncollectible:
Premiums receivable from underwriting
activities.......................... $ 78 $ 37 $— $35$ 80
Deductibles ......................... $27$ 4 $— $3 $28
(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. Amountin 2004 includes a $62million addition related to the
commutation of certain reinsurance agreements, offset by $28 million of deductions.