Travelers 2010 Annual Report Download - page 253

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
17. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND
SUBSIDIARIES (Continued)
CONSOLIDATING BALANCE SHEET (Unaudited)
At December 31, 2010
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Assets
Fixed maturities, available for sale at fair value
(including $186 subject to securities lending)
(amortized cost $60,170) ................ $42,415 $20,385 $ 20 $ — $ 62,820
Equity securities, available for sale, at fair value
(cost $372) ......................... 190 263 66 — 519
Real estate ........................... 1 837 — — 838
Short-term securities ..................... 1,596 436 3,584 — 5,616
Other investments ...................... 1,982 946 1 — 2,929
Total investments ..................... 46,184 22,867 3,671 — 72,722
Cash ............................... 86 110 4 — 200
Investment income accrued ................ 532 259 — — 791
Premiums receivable ..................... 3,691 1,806 — — 5,497
Reinsurance recoverables .................. 7,545 3,974 — — 11,519
Ceded unearned premiums ................ 648 165 — — 813
Deferred acquisition costs ................. 1,511 271 — — 1,782
Deferred tax asset ...................... 294 125 74 — 493
Contractholder receivables ................. 4,050 1,293 — — 5,343
Goodwill ............................ 2,411 954 — — 3,365
Other intangible assets ................... 326 176 — — 502
Investment in subsidiaries ................. — — 27,422 (27,422) —
Other assets .......................... 1,904 237 60 (47) 2,154
Total assets ......................... $69,182 $32,237 $ 31,231 $(27,469) $105,181
Liabilities
Claims and claim adjustment expense reserves .... $33,447 $17,684 $ — $ — $ 51,131
Unearned premium reserves ............... 7,478 3,443 — — 10,921
Contractholder payables .................. 4,050 1,293 — — 5,343
Payables for reinsurance premiums ........... 214 193 — — 407
Debt ............................... 1,189 9 5,460 (47) 6,611
Other liabilities ........................ 3,906 1,089 298 — 5,293
Total liabilities ....................... 50,284 23,711 5,758 (47) 79,706
Shareholders’ equity
Preferred Stock Savings Plan—convertible
preferred stock (0.2 shares issued and
outstanding) ......................... — — 68 — 68
Common stock (1,748.6 shares authorized; 434.6
shares issued and outstanding) ............. — 390 20,162 (390) 20,162
Additional paid-in capital ................. 11,135 7,016 — (18,151) —
Retained earnings ...................... 6,489 576 18,845 (7,063) 18,847
Accumulated other changes in equity from
nonowner sources ..................... 1,274 544 1,255 (1,818) 1,255
Treasury stock, at cost (296.6 shares) .......... — — (14,857) — (14,857)
Total shareholders’ equity ................ 18,898 8,526 25,473 (27,422) 25,475
Total liabilities and shareholders’ equity ...... $69,182 $32,237 $ 31,231 $(27,469) $105,181
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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