Travelers 2006 Annual Report Download - page 272
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260
SCHEDULE V
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
Valuation and Qualifying Accounts
(in millions)
Balance
at beginning
of period
Charged
to costs and
expenses(1)
Charged
to other
accounts(2) Deductions(3)
Balance
at end of
period
2006
Reinsurance recoverables...............$ 804$25 $ —$ 56 $773
Allowance for uncollectible:
Agency loans........................$ 3$ (3) $ —$ — $ —
Premiums receivable fromunderwriting
activities .......................... $ 1 05 $66 $ 3$49 $125
Deductibles......................... $ 93 $3 $ (3) $11 $ 82
2005
Reinsurance recoverables ...............$ 7 51 $57 $ —$4 $804
Allowance for uncollectible:
Agency loans........................$ 2 $ 1$—$—$3
Premiums receivable fromunderwriting
activities ..........................$ 1 32 $41$ ( 14)$54 $105
Deductibles......................... $101 $(2) $ 14 $ 20 $93
2004
Reinsurance recoverables ...............$ 3 86 $ 3 31 $ —$ ( 34 ) $ 7 51
Allowance for uncollectible:
Agency loans........................$—$ 1 $1 $— $2
Premiums receivable fromunderwriting
activities ..........................$80 $113 $ —$ 61$132
Deductibles......................... $ 28 $ 92 $— $19$101
(1) Includes balances acquiredin the merger and accounting conformity adjustments in 2004.
(2) Charged to claims and claim adjustment expenses in the consolidated statement of income (loss).
(3) Credited to the related asset account. Amount in 2004 includes a $62 million addition related to the
commutation of certain reinsurance agreements, offset by $28 million of deductions.