Travelers 2010 Annual Report Download - page 166

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2010 2009
Assets
Fixed maturities, available for sale, at fair value (including $186 and $90 subject
to securities lending) (amortized cost $60,170 and $63,311) ............... $ 62,820 $ 65,847
Equity securities, available for sale, at fair value (cost $372 and $373) ......... 519 451
Real estate ................................................... 838 865
Short-term securities ............................................ 5,616 4,852
Other investments .............................................. 2,929 2,950
Total investments ............................................. 72,722 74,965
Cash ........................................................ 200 255
Investment income accrued ....................................... 791 825
Premiums receivable ............................................ 5,497 5,471
Reinsurance recoverables ......................................... 11,519 12,816
Ceded unearned premiums ........................................ 813 916
Deferred acquisition costs ........................................ 1,782 1,758
Deferred tax asset .............................................. 493 672
Contractholder receivables ........................................ 5,343 5,797
Goodwill ..................................................... 3,365 3,365
Other intangible assets ........................................... 502 588
Other assets .................................................. 2,154 2,132
Total assets ............................................... $105,181 $109,560
Liabilities
Claims and claim adjustment expense reserves .......................... $ 51,131 $ 53,127
Unearned premium reserves ....................................... 10,921 10,861
Contractholder payables .......................................... 5,343 5,797
Payables for reinsurance premiums .................................. 407 546
Debt ........................................................ 6,611 6,527
Other liabilities ................................................ 5,293 5,287
Total liabilities ............................................. 79,706 82,145
Shareholders’ equity
Preferred Stock Savings Plan—convertible preferred stock (0.2 shares issued and
outstanding) ................................................. 68 79
Common stock (1,748.6 shares authorized; 434.6 and 520.3 shares issued and
outstanding) ................................................. 20,162 19,593
Retained earnings .............................................. 18,847 16,315
Accumulated other changes in equity from nonowner sources ............... 1,255 1,219
Treasury stock, at cost (296.6 and 199.6 shares) ......................... (14,857) (9,791)
Total shareholders’ equity ..................................... 25,475 27,415
Total liabilities and shareholders’ equity .......................... $105,181 $109,560
See notes to consolidated financial statements.
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