Travelers 2012 Annual Report Download - page 261

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND
SUBSIDIARIES (Continued)
CONSOLIDATING BALANCE SHEET (Unaudited)
At December 31, 2012
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Assets
Fixed maturities, available for sale, at fair value
(amortized cost $60,829) ............... $44,336 $21,019 $ 38 $ — $ 65,393
Equity securities, available for sale, at fair value
(cost $462) ........................ 153 386 106 — 645
Real estate investments ................. 33 850 — — 883
Short-term securities ................... 1,187 338 1,958 — 3,483
Other investments ..................... 2,443 990 1 — 3,434
Total investments .................... 48,152 23,583 2,103 — 73,838
Cash .............................. 177 151 2 — 330
Investment income accrued .............. 507 240 5 — 752
Premiums receivable ................... 3,944 1,928 — — 5,872
Reinsurance recoverables ................ 7,112 3,600 — — 10,712
Ceded unearned premiums ............... 698 158 — — 856
Deferred acquisition costs ............... 1,560 232 — — 1,792
Contractholder receivables ............... 3,540 1,266 — — 4,806
Goodwill ........................... 2,411 954 — — 3,365
Other intangible assets .................. 268 113 — — 381
Investment in subsidiaries ................ — — 28,562 (28,562) —
Other assets ......................... 1,930 286 18 — 2,234
Total assets ........................ $70,299 $32,511 $ 30,690 $(28,562) $104,938
Liabilities
Claims and claim adjustment expense reserves . . $33,598 $17,324 $ — $ — $ 50,922
Unearned premium reserves .............. 7,751 3,490 — — 11,241
Contractholder payables ................. 3,540 1,266 — — 4,806
Payables for reinsurance premiums ......... 151 195 — — 346
Deferred taxes ....................... 316 123 (101) — 338
Debt .............................. 1,191 — 5,159 — 6,350
Other liabilities ....................... 4,107 1,186 237 — 5,530
Total liabilities ..................... 50,654 23,584 5,295 — 79,533
Shareholders’ equity
Common stock (1,750.0 shares authorized;
377.4 shares issued and outstanding) ....... — 390 21,161 (390) 21,161
Additional paid-in capital ................ 11,135 6,501 — (17,636) —
Retained earnings ..................... 6,404 1,113 21,342 (7,507) 21,352
Accumulated other comprehensive income .... 2,106 923 2,236 (3,029) 2,236
Treasury stock, at cost (372.3 shares) ........ — — (19,344) — (19,344)
Total shareholders’ equity .............. 19,645 8,927 25,395 (28,562) 25,405
Total liabilities and shareholders’ equity .... $70,299 $32,511 $ 30,690 $(28,562) $104,938
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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