Travelers 2007 Annual Report Download - page 159

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2007 2006
Assets
Fixed maturities, available for sale at fair value (including $1,988 and $1,674
subject to securities lending) (amortized cost $64,152 and $62,244) ......... $ 64,920 $ 62,666
Equity securities, at fair value (cost $473 and $436) ...................... 488 473
Real estate ................................................... 850 793
Short-term securities ............................................ 5,186 4,938
Other investments .............................................. 3,374 3,398
Total investments ........................................... 74,818 72,268
Cash ........................................................ 271 459
Investment income accrued ....................................... 861 827
Premiums receivable ............................................ 6,142 6,181
Reinsurance recoverables ......................................... 15,641 17,820
Ceded unearned premiums ........................................ 1,123 1,243
Deferred acquisition costs ........................................ 1,809 1,615
Deferred tax asset .............................................. 1,207 1,536
Contractholder receivables ........................................ 6,696 6,554
Goodwill ..................................................... 3,366 3,438
Other intangible assets ........................................... 814 764
Other assets .................................................. 2,476 2,587
Total assets ............................................... $115,224 $115,292
Liabilities
Claims and claim adjustment expense reserves .......................... $ 57,700 $ 59,288
Unearned premium reserves ....................................... 11,227 11,228
Contractholder payables .......................................... 6,696 6,554
Payables for reinsurance premiums .................................. 618 685
Debt ........................................................ 6,242 5,760
Other liabilities ................................................ 6,125 6,642
Total liabilities ............................................. 88,608 90,157
Shareholders’ equity
Preferred Stock Savings Plan—convertible preferred stock (0.3 shares and 0.4
shares issued and outstanding) ................................... 112 129
Common stock (1,750.0 shares authorized; 627.8 and 678.3 shares issued and
outstanding) ................................................. 18,990 18,530
Retained earnings .............................................. 11,110 7,253
Accumulated other changes in equity from nonowner sources ............... 670 452
Treasury stock, at cost (82.9 and 25.2 shares) ........................... (4,266) (1,229)
Total shareholders’ equity ..................................... 26,616 25,135
Total liabilities and shareholders’ equity .......................... $115,224 $115,292
See notes to consolidated financial statements.
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