Travelers 2011 Annual Report Download - page 172

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2011 2010
Assets
Fixed maturities, available for sale, at fair value (amortized cost $59,994 and
$60,170) .................................................... $ 64,232 $ 62,820
Equity securities, available for sale, at fair value (cost $414 and $372) ......... 559 519
Real estate investments .......................................... 865 838
Short-term securities ............................................ 3,594 5,616
Other investments .............................................. 3,451 2,929
Total investments ........................................... 72,701 72,722
Cash ........................................................ 214 200
Investment income accrued ....................................... 768 791
Premiums receivable ............................................ 5,730 5,497
Reinsurance recoverables ......................................... 11,182 11,994
Ceded unearned premiums ........................................ 828 813
Deferred acquisition costs ........................................ 1,786 1,782
Deferred taxes ................................................. 7493
Contractholder receivables ........................................ 5,186 5,343
Goodwill ..................................................... 3,365 3,365
Other intangible assets ........................................... 433 502
Other assets .................................................. 2,402 2,154
Total assets ............................................... $104,602 $105,656
Liabilities
Claims and claim adjustment expense reserves .......................... $ 51,419 $ 51,606
Unearned premium reserves ....................................... 11,102 10,921
Contractholder payables .......................................... 5,186 5,343
Payables for reinsurance premiums .................................. 389 407
Debt ........................................................ 6,605 6,611
Other liabilities ................................................ 5,424 5,293
Total liabilities ............................................. 80,125 80,181
Shareholders’ equity
Preferred Stock Savings Plan—convertible preferred stock (0.0 and 0.2 shares
issued and outstanding) ........................................ —68
Common stock (1,750.0 and 1,748.6 shares authorized; 392.8 and 434.6 shares
issued and outstanding) ........................................ 20,732 20,162
Retained earnings .............................................. 19,579 18,847
Accumulated other changes in equity from nonowner sources ............... 2,005 1,255
Treasury stock, at cost (349.0 and 296.6 shares) ......................... (17,839) (14,857)
Total shareholders’ equity ..................................... 24,477 25,475
Total liabilities and shareholders’ equity .......................... $104,602 $105,656
See notes to consolidated financial statements.
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