Travelers 2012 Annual Report Download - page 173

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2012 2011
Assets
Fixed maturities, available for sale, at fair value (amortized cost $60,829 and
$59,994) .................................................... $ 65,393 $ 64,232
Equity securities, available for sale, at fair value (cost $462 and $414) ......... 645 559
Real estate investments .......................................... 883 865
Short-term securities ............................................ 3,483 3,594
Other investments .............................................. 3,434 3,451
Total investments ........................................... 73,838 72,701
Cash ........................................................ 330 214
Investment income accrued ....................................... 752 768
Premiums receivable ............................................ 5,872 5,730
Reinsurance recoverables ......................................... 10,712 11,155
Ceded unearned premiums ........................................ 856 828
Deferred acquisition costs ........................................ 1,792 1,786
Deferred taxes ................................................. —7
Contractholder receivables ........................................ 4,806 5,186
Goodwill ..................................................... 3,365 3,365
Other intangible assets ........................................... 381 433
Other assets .................................................. 2,234 2,402
Total assets ............................................... $104,938 $104,575
Liabilities
Claims and claim adjustment expense reserves .......................... $ 50,922 $ 51,392
Unearned premium reserves ....................................... 11,241 11,102
Contractholder payables .......................................... 4,806 5,186
Payables for reinsurance premiums .................................. 346 389
Deferred taxes ................................................. 338 —
Debt ........................................................ 6,350 6,605
Other liabilities ................................................ 5,530 5,424
Total liabilities ............................................. 79,533 80,098
Shareholders’ equity
Common stock (1,750.0 shares authorized; 377.4 and 392.8 shares issued and
outstanding) ................................................. 21,161 20,732
Retained earnings .............................................. 21,352 19,579
Accumulated other comprehensive income ............................ 2,236 2,005
Treasury stock, at cost (372.3 and 349.0 shares) ......................... (19,344) (17,839)
Total shareholders’ equity ..................................... 25,405 24,477
Total liabilities and shareholders’ equity .......................... $104,938 $104,575
The accompanying notes are an integral part of the consolidated financial statements.
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