Travelers 2011 Annual Report Download - page 256

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, 2011
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Assets
Fixed maturities, available for sale at fair value
(amortized cost $59,994) ............... $43,438 $20,761 $ 33 $ — $ 64,232
Equity securities, available for sale, at fair value
(cost $414) ........................ 146 319 94 — 559
Real estate investments ................. 33 832 — — 865
Short-term securities ................... 879 376 2,339 — 3,594
Other investments ..................... 2,446 1,004 1 — 3,451
Total investments .................... 46,942 23,292 2,467 — 72,701
Cash .............................. 114 98 2 — 214
Investment income accrued .............. 517 251 — — 768
Premiums receivable ................... 3,865 1,865 — — 5,730
Reinsurance recoverables ................ 7,399 3,783 — — 11,182
Ceded unearned premiums ............... 656 172 — — 828
Deferred acquisition costs ............... 1,536 250 — — 1,786
Deferred taxes ....................... (82) (47) 136 — 7
Contractholder receivables ............... 3,891 1,295 — — 5,186
Goodwill ........................... 2,411 954 — — 3,365
Other intangible assets .................. 297 136 — — 433
Investment in subsidiaries ................ — — 27,565 (27,565) —
Other assets ......................... 1,983 52 367 — 2,402
Total assets ........................ $69,529 $32,101 $ 30,537 $(27,565) $104,602
Liabilities
Claims and claim adjustment expense reserves . . $33,754 $17,665 $ — $ — $ 51,419
Unearned premium reserves .............. 7,644 3,458 — — 11,102
Contractholder payables ................. 3,891 1,295 — — 5,186
Payables for reinsurance premiums ......... 178 211 — — 389
Debt .............................. 1,190 — 5,415 — 6,605
Other liabilities ....................... 3,910 859 655 — 5,424
Total liabilities ..................... 50,567 23,488 6,070 — 80,125
Shareholders’ equity
Common stock (1,750.0 shares authorized;
392.8 shares issued and outstanding) ....... — 390 20,732 (390) 20,732
Additional paid-in capital ................ 11,135 6,501 — (17,636) —
Retained earnings ..................... 5,900 882 19,569 (6,772) 19,579
Accumulated other changes in equity from
nonowner sources ................... 1,927 840 2,005 (2,767) 2,005
Treasury stock, at cost (349.0 shares) ........ — — (17,839) — (17,839)
Total shareholders’ equity .............. 18,962 8,613 24,467 (27,565) 24,477
Total liabilities and shareholders’ equity .... $69,529 $32,101 $ 30,537 $(27,565) $104,602
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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