Travelers 2011 Annual Report Download - page 39

rating for Travelers Syndicate Management Limited—Syndicate 5000. The table presents the position of
each rating in the applicable agency’s rating scale.
A.M. Best Moody’s S&P Fitch
Travelers Reinsurance Pool(a)(b) ........... A+ (2
nd of 16) Aa2 (3rd of 21) AA (3rd of 21) AA (3rd of 21)
Travelers C&S Co. of America ............ A+ (2
nd of 16) Aa2 (3rd of 21) AA (3rd of 21) AA (3rd of 21)
First Floridian Auto and Home Ins. Co. ..... A (4th of 16) — — AA (3rd of 21)
First Trenton Indemnity Company .......... A (3
rd of 16) — — AA (3rd of 21)
The Premier Insurance Company of
Massachusetts ...................... A (3
rd of 16) — — —
Travelers C&S Co. of Europe, Ltd. ......... A+ (2
nd of 16) Aa2 (3rd of 21) AA (3rd of 21) —
Travelers Guarantee Company of Canada ..... A+ (2
nd of 16) — — —
Travelers Insurance Company Limited ....... A (3
rd of 16) — AA (3rd of 21) —
Travelers Syndicate Management Limited—
Syndicate 5000 ...................... — — 3 (9th of 15) —
(a) The Travelers Reinsurance Pool consists of: The Travelers Indemnity Company, The Charter Oak Fire
Insurance Company, The Phoenix Insurance Company, The Travelers Indemnity Company of Connecticut,
The Travelers Indemnity Company of America, Travelers Property Casualty Company of America, Travelers
Commercial Casualty Company, TravCo Insurance Company, The Travelers Home and Marine Insurance
Company, Travelers Casualty and Surety Company, Northland Insurance Company, Northfield Insurance
Company, Northland Casualty Company, American Equity Specialty Insurance Company, The Standard Fire
Insurance Company, The Automobile Insurance Company of Hartford, Connecticut, Travelers Casualty
Insurance Company of America, Farmington Casualty Company, Travelers Commercial Insurance Company,
Travelers Casualty Company of Connecticut, Travelers Property Casualty Insurance Company, Travelers
Personal Security Insurance Company, Travelers Personal Insurance Company, Travelers Excess and Surplus
Lines Company, St. Paul Fire and Marine Insurance Company, St. Paul Surplus Lines Insurance Company,
Athena Assurance Company, St. Paul Protective Insurance Company, St. Paul Medical Liability Insurance
Company, St. Paul Guardian Insurance Company, St. Paul Mercury Insurance Company, Fidelity and
Guaranty Insurance Underwriters, Inc., Discover Property & Casualty Insurance Company, Discover Specialty
Insurance Company and United States Fidelity and Guaranty Company.
(b) The following affiliated companies are 100% reinsured by one of the pool participants noted in (a) above:
Fidelity and Guaranty Insurance Company, Gulf Underwriters Insurance Company, American Equity
Insurance Company, Select Insurance Company, St. Paul Fire and Casualty Insurance Company, The
Travelers Lloyds Insurance Company and Travelers Lloyds of Texas Insurance Company.
Debt Ratings
The following table summarizes the current debt, trust preferred securities and commercial paper
ratings of the Company and its subsidiaries as of February 16, 2012. The table also presents the
position of each rating in the applicable agency’s rating scale.
A.M. Best Moody’s S&P Fitch
Senior debt .................... a (6
th of 22) A2 (6th of 21) A (6th of 22) A (6th of 22)
Subordinated debt ............... a (7th of 22) A3 (7th of 21) A (7th of 22) BBB+ (8th of 22)
Junior subordinated debt .......... bbb+ (8th of 22) A3 (7th of 21) BBB+ (8th of 22) BBB+ (8th of 22)
Trust preferred securities .......... a (7th of 22) A3 (7th of 21) BBB+ (8th of 22) BBB+ (8th of 22)
Commercial paper ............... AMB-1 (2
nd of 6) P-1 (1st of 4) A-1 (2nd of 10) F-1 (2nd of 8)
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