Travelers 2006 Annual Report Download - page 196

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
184
5. GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The following table presents the carryingamount of the Company’s goodwill by segment at
December 31, 2006 and 2005:
(at December 31, in millions) 2006 2005
Business Insurance............................................................ $2,168 $ 2 ,168
Financial, Professional & International Insurance................................. 551 554
Personal Insurance............................................................ 613 613
Other....................................................................... 106 107
Total.................................................................... $3,438 $ 3 ,442
Other Intangible Assets
The following presents a summary of other intangible assets by majorasset class as of December 31,
2006 and 2005:
(At December 31 2006, in millions)
Gross
Carrying
Amount
Accumulated
Amortization Net
Intangibles subject to amortization
Customer-related .................................................$ 1,036 $ 537$ 4 99
Marketing-related................................................ 2020 —
Fair value adjustment on claims and claim adjustment expense reserves
and reinsurance recoverables(1) .................................. 191 (54) 245
Totalintangible assetssubject to amortization .................... 1,247 503744
Intangible assets not subject to amortization
Contract-based ................................................... 20— 20
Total intangible assets not subject to amortization ................ 20— 20
Total intangibleassets.........................................$ 1,267 $ 503$ 7 64