Travelers 2006 Annual Report Download - page 269

The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.
257
SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED BALANCE SHEET
At December 31,
2006 2005
Assets
Fixed maturities........................................................... $ 419 $ 444
Equity securities ........................................................... 67 58
Short-term securities....................................................... 977 1,109
Investment insubsidiaries. .................................................. 26,946 23,708
Other assets............................................................... 414 727
Total assets ............................................................. $28,823
$ 2 6,046
Liabilities
Debt..................................................................... $3,338
$ 3,272
Other liabilities............................................................ 350 471
Total liabilities.......................................................... 3,688
3,743
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 ................................... $28,823
$ 2 6,046