Travelers 2010 Annual Report Download - page 241

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
13. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)
(at December 31, 2009, in millions) Total Level 1 Level 2 Level 3
Invested assets:
Fixed maturities
U.S. Treasury securities and obligations of U.S.
Government and government agencies and
authorities .......................... $ 42 $ 42 $ — $—
Debt securities issued by foreign governments . 8 — 8 —
Mortgage-backed securities, collateralized
mortgage obligations and pass-through
securities ........................... 46 — 46 —
All other corporate bonds ................ 65 — 65 —
Total fixed maturities .................. 161 42 119 —
Mutual funds
Equity mutual funds .................... 175 175 — —
Bond mutual funds ..................... 378 378 — —
Total mutual funds .................... 553 553 — —
Equity index commingled trust funds
Growth index trusts .................... 295 — 295 —
Value index trusts ...................... 358 — 358 —
Total equity index commingled trust funds . . . 653 — 653 —
Equity securities ........................ 307 307 — —
Other investments(1) ..................... 17 — — 17
Cash and short-term securities
U.S. Treasury securities .................. 164 164 — —
Money market mutual funds .............. 115 115 — —
Other ............................... 288 5 283 —
Total cash and short-term securities ....... 567 284 283 —
Total ............................ $2,258 $1,186 $1,055 $17
(1) Other investments include a hedge fund and two private equity funds. The hedge fund is
a ‘‘fund of funds’’ that is multi-strategy. One private equity fund is focused on financial
companies, and the other is focused on real estate-related investments.
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