Travelers 2006 Annual Report Download - page 158

See notes to consolidated financial statements.
146
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2006 2005
Assets
Fixed maturities, available for sale at fair value (including $1,674 and $2,667
subject to securities lending) (amortized cost $62,244 and$58,616). .......... $ 62,666 $ 58,983
Equity securities, at fair value (cost $436and $538)........................... 473 579
Real estate. ............................................................. 793 752
Short-term securities..................................................... 4,938 4,802
Other investments....................................................... 3,398 3,171
Total investments.................................................... 72,268 68,287
Cash ................................................................... 459 337
Investment incomeaccrued ............................................... 827 761
Premiums receivable ..................................................... 6,181 6,124
Reinsurance recoverables................................................. 17,820 19,574
Ceded unearned premiums ............................................... 1,243 1,322
Deferred acquisition costs................................................ 1,615
1,527
Deferred tax asset........................................................ 1,536 2,062
Contractholder receivables................................................ 5,023
5,516
Goodwill ............................................................... 3,438 3,442
Intangible assets......................................................... 764 917
Other assets............................................................. 2,587
3,318
Total assets ......................................................... $ 1 13,761 $ 1 13,187
Liabilities
Claims and claim adjustment expense reserves. .............................. $ 59,288 $ 61,090
Unearned premium reserves .............................................. 11,228 10,927
Contractholder payables.................................................. 5,023
5,516
Payables for reinsurancepremiums........................................ 685 720
Debt ................................................................... 5,760 5,850
Other liabilities.......................................................... 6,642 6,781
Total liabilities ...................................................... 88,626 90,884
Shareholders’ equity
PreferredStock SavingsPlan—convertible preferred stock (0.4 shares and 0.5
shares issuedand outstanding).......................................... 129 153
Common stock (1,750.0 shares authorized; 678.3 and 693.4 shares issued and
outstanding) .......................................................... 18,530 18,096
Retained earnings....................................................... 7,253 3,750
Accumulatedother changes in equity from nonowner sources................. 452
351
Treasury stock, at cost (25.2 and 1.2 shares)................................. (1,229)(47)
Total shareholders’ equity ............................................ 25,135 22,303
Total liabilities and shareholders’ equity............................... $ 1 13,761 $ 1 13,187