Travelers 2009 Annual Report Download - page 174

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2009 2008
Assets
Fixed maturities, available for sale at fair value (including $90 and $8 subject to
securities lending) (amortized cost $63,311 and $61,569) . . . . . . . . . . . . . . . . . $ 65,847 $ 61,275
Equity securities, at fair value (cost $373 and $461) . . . . . . . . . . . . . . . . . . . . . . 451 379
Real estate ................................................... 865 827
Short-term securities ............................................ 4,852 5,222
Other investments .............................................. 2,950 3,035
Total investments ........................................... 74,965 70,738
Cash........................................................ 255 350
Investment income accrued ....................................... 825 823
Premiums receivable ............................................ 5,471 5,835
Reinsurance recoverables......................................... 12,816 14,232
Ceded unearned premiums........................................ 916 941
Deferred acquisition costs ........................................ 1,758 1,774
Deferred tax asset .............................................. 672 1,965
Contractholder receivables........................................ 5,797 6,350
Goodwill..................................................... 3,365 3,366
Other intangible assets........................................... 588 688
Other assets .................................................. 2,132 2,570
Total assets ............................................... $109,560 $109,632
Liabilities
Claims and claim adjustment expense reserves . . . . . . . . . . . . . . . . . . . . . . . . . . $ 53,127 $ 54,723
Unearned premium reserves....................................... 10,861 10,957
Contractholder payables.......................................... 5,797 6,350
Payables for reinsurance premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 546 528
Debt........................................................ 6,527 6,181
Other liabilities................................................ 5,287 5,574
Total liabilities ............................................. 82,145 84,313
Shareholders’ equity
Preferred Stock Savings Plan—convertible preferred stock (0.2 and 0.3 shares
issued and outstanding) ........................................ 79 89
Common stock (1,748.6 shares authorized; 520.3 and 585.1 shares issued and
outstanding)................................................. 19,593 19,242
Retained earnings .............................................. 16,315 13,314
Accumulated other changes in equity from nonowner sources . . . . . . . . . . . . . . . 1,219 (900)
Treasury stock, at cost (199.6 and 128.8 shares) . . . . . . . . . . . . . . . . . . . . . . . . . (9,791) (6,426)
Total shareholders’ equity ..................................... 27,415 25,319
Total liabilities and shareholders’ equity .......................... $109,560 $109,632
See notes to consolidated financial statements.
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