Travelers 2008 Annual Report Download - page 274

SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED BALANCE SHEET
At December 31, 2008 2007
Assets
Fixed maturities ................................................. $ 311 $ 393
Equity securities ................................................. 44 72
Short-term securities .............................................. 1,840 1,175
Investment in subsidiaries .......................................... 28,181 29,522
Other assets .................................................... 285 433
Total assets ................................................... $30,661 $31,595
Liabilities
Debt ......................................................... $ 4,979 $ 4,664
Other liabilities .................................................. 363 315
Total liabilities ................................................ 5,342 4,979
Shareholders’ equity
Preferred Stock Savings Plan—convertible preferred stock (0.3 shares issued and
outstanding at both dates) ........................................ 89 112
Common stock (1,750.0 shares authorized, 585.1 and 627.8 shares issued and
outstanding) .................................................. 19,242 18,990
Retained earnings ................................................ 13,314 11,110
Accumulated other changes in equity from nonowner sources ................ (900) 670
Treasury stock, at cost (128.8 and 82.9 shares) ........................... (6,426) (4,266)
Total shareholders’ equity ........................................ 25,319 26,616
Total liabilities and shareholders’ equity .............................. $30,661 $31,595
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.
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