Travelers 2006 Annual Report Download - page 271

259
SCHEDULE III
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
Supplementary Insurance Information
2004-2006
(in millions)
Segment
Deferred
Policy
Acquisition
Costs
Claims and
Claim
Adjustment
Expense
Reserves
Unearned
Premiums
Premium
Revenue
Net
Investment
Income(a)
Claims and
Claim
Adjustment
Expenses
Amortization
of Deferred
Acquisition
Costs
Other
Operating
Expenses(b)
Premiums
Written
2006
Business Insurance ...................... $ 723$ 4 9,179 $5,778 $ 10,876 $ 2,538$ 6,853 $ 1,547 $ 2,109 $11,046
Financial, Professional & International
Insurance............................ 3696,238 2,3013,321 4291,794 638536 3,393
Personal Insurance...................... 5233,785 3,1496,563 5483,5971,154 804 6,711
Total—Reportable Segments.............. 1,61559,202 11,228 20,760 3,51512,2443,339 3,449 21,150
Other................................. — 86 —— 2 ——333 —
Consolidated........................... $ 1,615$ 5 9,288 $ 11,228 $ 20,760 $ 3,517$ 1 2,244$ 3 ,339 $ 3,782 $21,150
2005 Business Insurance ...................... $ 687 $ 51,238 $5,774 $ 1 1,116 $ 2,341 $ 9,358$ 1,570 $ 2,040 $10,999
Financial, Professional & International
Insurance............................ 351 5,465 2,173 3,197 360 1,818634 509 3,159
Personal Insurance...................... 489 4,304 2,980 6,028 457 3,7511,048 665 6,228
Total—Reportable Segments .............. 1,527 61,007 10,927 20,341 3,158 14,9273,252 3,214 20,386
Other.................................— 83 —— 7 — — 301 —
Consolidated ........................... $ 1,527 $ 61,090 $ 1 0,927 $ 2 0,341 $ 3,165 $ 14,927$ 3 ,252 $ 3,515 $20,386
2004 Business Insurance ...................... $ 729 $ 50,120 $6,287 $ 1 0,929 $ 1,980 $ 9,835$ 1,507 $ 1,955 $10,374
Financial, Professional & International
Insurance............................ 382 5,261 2,267 2,529 235 2,349530 405 2,708
Personal Insurance...................... 4 48 3,603 2,756 5,580 442 3,255941 536 5,929
Total—Reportable Segments .............. 1,559 58, 984 11,310 19,038 2,657 15,4392,978 2,896 19,011
Other................................. — 86 —— 6 — — 285 —
Consolidated ........................... $ 1,559 $ 59,070 $ 1 1,310 $ 1 9,038 $ 2,663 $ 15,439$ 2,978 $ 3,181 $19,011
(a)Beginning in the second quarter of 2004, the Company developed a methodology to allocate net investment income and invested assets to the identified segments. See note 2
to the consolidated financial statements for further discussionofthis methodology.
(b) Expense allocations are determined in accordance with prescribed statutory accounting practices. These practices make a reasonable allocation of all expenses to those
product lines with which they are associated.