Travelers 2010 Annual Report Download - page 210

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
6. GOODWILL AND OTHER INTANGIBLE ASSETS (Continued)
The following presents a summary of the Company’s amortization expense for other intangible
assets by major asset class:
(for the year ended December 31, in millions) 2010 2009 2008
Customer-related ................................................ $61 $72 $96
Fair value adjustment on claims and claim adjustment expense reserves and
reinsurance recoverables ......................................... 25 28 30
Total amortization expense ....................................... $86 $100 $126
Intangible asset amortization expense is estimated to be $69 million in 2011, $52 million in 2012,
$45 million in 2013, $43 million in 2014 and $23 million in 2015.
7. INSURANCE CLAIM RESERVES
Claims and claim adjustment expense reserves were as follows:
(at December 31, in millions) 2010 2009
Property-casualty ................................................. $51,062 $53,054
Accident and health .............................................. 69 73
Total ........................................................ $51,131 $53,127
198