Travelers 2008 Annual Report Download - page 277
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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
2008
Reinsurance recoverables .............. $688 $ — $176 $246 $618
Allowance for uncollectible:
Premiums receivable from underwriting
activities ...................... $138 $ 41 $ — $ 49 $130
Deductibles ...................... $57 $13 $— $ 4 $66
2007
Reinsurance recoverables .............. $773 $— $ 6 $ 91 $688
Allowance for uncollectible:
Premiums receivable from underwriting
activities ...................... $125 $75 $ — $ 62 $138
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
(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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