Travelers 2009 Annual Report Download - page 260

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND
SUBSIDIARIES (Continued)
CONSOLIDATING BALANCE SHEET (Unaudited)
At December 31, 2009
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Assets
Fixed maturities, available for sale at fair value
(including $90 subject to securities lending)
(amortized cost $63,311) . . . . . . . . . . . . . . . . $44,532 $21,022 $ 293 $ — $ 65,847
Equity securities, at fair value (cost $373) . . . . . . . 196 198 57 — 451
Real estate........................... 2 863 — — 865
Short-term securities . . . . . . . . . . . . . . . . . . . . . 2,241 750 1,861 — 4,852
Other investments . . . . . . . . . . . . . . . . . . . . . . 1,826 1,029 95 — 2,950
Total investments ..................... 48,797 23,862 2,306 — 74,965
Cash............................... 132 122 1 — 255
Investment income accrued . . . . . . . . . . . . . . . . 547 275 3 — 825
Premiums receivable . . . . . . . . . . . . . . . . . . . . . 3,648 1,823 — — 5,471
Reinsurance recoverables . . . . . . . . . . . . . . . . . . 8,260 4,556 — — 12,816
Ceded unearned premiums . . . . . . . . . . . . . . . . 788 128 — — 916
Deferred acquisition costs . . . . . . . . . . . . . . . . . 1,507 251 — — 1,758
Deferred tax asset . . . . . . . . . . . . . . . . . . . . . . 460 173 39 — 672
Contractholder receivables . . . . . . . . . . . . . . . . . 4,268 1,529 — — 5,797
Goodwill ............................ 2,411 954 — — 3,365
Other intangible assets . . . . . . . . . . . . . . . . . . . 356 232 — — 588
Investment in subsidiaries . . . . . . . . . . . . . . . . . — — 30,608 (30,608) —
Other assets .......................... 1,871 248 59 (46) 2,132
Total assets ......................... $73,045 $34,153 $33,016 $(30,654) $109,560
Liabilities
Claims and claim adjustment expense reserves . . . . $34,622 $18,505 $ — $ — $ 53,127
Unearned premium reserves . . . . . . . . . . . . . . . 7,504 3,357 — — 10,861
Contractholder payables . . . . . . . . . . . . . . . . . . 4,268 1,529 — — 5,797
Payables for reinsurance premiums . . . . . . . . . . . 309 237 — — 546
Debt............................... 1,192 9 5,372 (46) 6,527
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . 3,832 1,221 234 — 5,287
Total liabilities ....................... 51,727 24,858 5,606 (46) 82,145
Shareholders’ equity
Preferred Stock Savings Plan—convertible
preferred stock (0.2 shares issued and
outstanding)......................... — — 79 — 79
Common stock (1,748.6 shares authorized;
520.3 shares issued and outstanding) . . . . . . . . . — 391 19,593 (391) 19,593
Additional paid-in capital . . . . . . . . . . . . . . . . . 11,206 6,960 — (18,166) —
Retained earnings . . . . . . . . . . . . . . . . . . . . . . 8,852 1,399 16,310 (10,246) 16,315
Accumulated other changes in equity from
nonowner sources . . . . . . . . . . . . . . . . . . . . . 1,260 545 1,219 (1,805) 1,219
Treasury stock, at cost (199.6 shares) . . . . . . . . . . — — (9,791) — (9,791)
Total shareholders’ equity ................ 21,318 9,295 27,410 (30,608) 27,415
Total liabilities and shareholders’ equity ...... $73,045 $34,153 $33,016 $(30,654) $109,560
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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