Travelers 2007 Annual Report Download - page 267

SCHEDULE V
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
Valuation and Qualifying Accounts
(in millions)
Balance at Charged to Charged to Balance
beginning of costs and other at end of
period expenses accounts(1) Deductions(2) period
2007
Reinsurance recoverables ........... $ 773 $ — $ 6 $ 91 $ 688
Allowance for uncollectible:
Premiums receivable from
underwriting activities ........... $ 125 $ 77 $ — $ 62 $ 140
Deductibles .................... $ 82 $ (19) $ — $ 6 $ 57
2006
Reinsurance recoverables ........... $ 804 $ — $ 25 $ 56 $ 773
Allowance for uncollectible:
Agency loans ................... $ 3 $ (3) $ — $ — $ —
Premiums receivable from
underwriting activities ........... $ 105 $ 69 $ — $ 49 $ 125
Deductibles .................... $ 93 $ — $ — $ 11 $ 82
2005
Reinsurance recoverables ........... $ 751 $ — $ 57 $ 4 $ 804
Allowance for uncollectible:
Agency loans ................... $ 2 $ 1 $ — $ — $ 3
Premiums receivable from
underwriting activities ........... $ 132 $ 27 $ — $ 54 $ 105
Deductibles .................... $ 101 $ 12 $ — $ 20 $ 93
(1) Charged to claims and claim adjustment expenses in the consolidated statement of income.
(2) Credited to the related asset account.
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