Travelers 2009 Annual Report Download - page 137

Payments Due by Period Less than After
(in millions) Total 1 Year 1-3 Years 3-5 Years 5 Years
Debt
Medium-term notes ...................... $21$21$—$—$—
Senior notes............................ 5,150 250 250 500 4,150
Junior subordinated debentures . . . . . . . . . . . . . . 1,254 — — — 1,254
Private placement notes . . . . . . . . . . . . . . . . . . . 13 211——
Total debt principal ...................... 6,438 273 261 500 5,404
Interest ............................... 5,294 390 748 690 3,466
Total long-term debt obligations(1) .......... 11,732 663 1,009 1,190 8,870
Operating leases(2) ........................ 681 174 252 148 107
Purchase obligations
Information systems administration and
maintenance commitments(3) . . . . . . . . . . . . . . 117 55 54 8 —
Reinsurance brokerage commitment(4) . . . . . . . . 44 20 24 — —
Other purchase commitments(5) . . . . . . . . . . . . . 75 23 10 10 32
Total purchase obligations ................. 236 98 88 18 32
Long-term unfunded investment commitments(6) ... 1,319 297 377 457 188
Estimated claims and claims related payments
Claims and claim adjustment expenses(7) . . . . . . . 54,290 12,030 14,549 8,797 18,914
Claims from large deductible policies (8) . . . . . . . —————
Loss-based assessments(9) . . . . . . . . . . . . . . . . . . 238 34 55 25 124
Reinsurance contracts accounted for as
deposits(10) .......................... 1 1———
Payout from ceded funds withheld(11) . . . . . . . . . 250 6 129 11 104
Total estimated claims and claims related
payments ............................ 54,779 12,071 14,733 8,833 19,142
Liabilities related to unrecognized tax benefits(12) .2,126 — 1,734 392 —
Total ............................... $70,873 $13,303 $18,193 $11,038 $28,339
(1) See note 8 of notes to the Company’s consolidated financial statements for a further discussion of
outstanding indebtedness. Because the amounts reported in the foregoing table include principal
and interest, the total long-term debt obligations will not agree with the amounts reported in
note 8.
(2) Represents agreements entered into in the ordinary course of business to lease office space,
equipment and furniture.
(3) Includes agreements with vendors to purchase system software administration and maintenance
services.
(4) In connection with the sale of its insurance brokerage operations, the Company committed to
acquire brokerage services from the buyer through May 16, 2012. See note 15 of notes to the
Company’s consolidated financial statements.
(5) Includes commitments to vendors entered into in the ordinary course of business for goods and
services including office supplies, archival services, etc.
(6) Represents estimated timing for fulfilling unfunded commitments for private equity limited
partnerships and real estate partnerships.
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