Travelers 2006 Annual Report Download - page 186
Download and view the complete annual report
Please find page 186 of the 2006 Travelers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
 |
 |
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
174
3. INVESTMENTS
Fixed Maturities
The Company’s investment portfolio includes the fixed maturities, equity securities, and other
investments acquired in the merger at their fair values as of the merger date. The fair value at acquisition
became thenew cost basis for these investments.
The amortized cost and fair value of investments infixed maturities classified as available for sale
were as follows:
Amortized Gross Unrealized
(at December 31, 2006, in millions)Cost Gains LossesFair Value
Mortgage-backed securities, collateralized mortgage
obligations andpass-through securities................. $ 7,665$ 52$ 1 28 $ 7,589
U.S. Treasury securities and obligations of U.S.
Government and government agencies and authorities ... 2,73613312,718
Obligations of states, municipalities and political
subdivisions ......................................... 35,326 6618035,907
Debt securities issued by foreign governments............. 1,55012101,552
All other corporate bonds............................... 14,866 165247 14,784
Redeemable preferred stock............................ 101161 116
Total ............................................... $ 62,244 $ 919$ 4 97 $ 62,666
Amortized Gross Unrealized
(at December 31, 2005, in millions)Cost GainsLosses Fair Value
Mortgage-backed securities, collateralized mortgage
obligations andpass-through securities ..................$ 7,997 $ 66 $121 $ 7,942
U.S. Treasury securities and obligations of U.S.
Government and government agencies and authorities ....3,458 18 35 3,441
Obligations of states, municipalities and political
subdivisions .......................................... 31,372 587 137 31,822
Debt securities issued by foreign governments ..............1,583 11 6 1,588
All other corporate bonds. ...............................14,098201 230 14,069
Redeemable preferred stock.............................108 14 1121
Total ................................................$ 5 8,616$ 8 97 $ 530 $ 58,983