Travelers 2007 Annual Report Download - page 264

SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED BALANCE SHEET
At December 31, 2007 2006
Assets
Fixed maturities ................................................. $ 393 $ 419
Equity securities ................................................. 72 67
Short-term securities .............................................. 1,175 977
Investment in subsidiaries .......................................... 29,522 26,946
Other assets .................................................... 433 414
Total assets ................................................... $31,595 $28,823
Liabilities
Debt ......................................................... $ 4,664 $ 3,338
Other liabilities .................................................. 315 350
Total liabilities ................................................ 4,979 3,688
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 .............................. $31,595 $28,823
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.
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