Travelers 2012 Annual Report Download - page 286

SCHEDULE V
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
Valuation and Qualifying Accounts
(in millions)
Balance at Charged to Charged to Balance
beginning of costs and other at end of
period expenses accounts(1) Deductions(2) period
2012
Reinsurance recoverables .............. $345 $— $— $ 87 $258
Allowance for uncollectible:
Premiums receivable from underwriting
activities ...................... $ 83 $44 $— $ 51 $ 76
Deductibles ...................... $40 $4 $— $ 3 $41
2011
Reinsurance recoverables .............. $363 $— $— $ 18 $345
Allowance for uncollectible:
Premiums receivable from underwriting
activities ...................... $116 $23 $— $ 56 $ 83
Deductibles ...................... $ 37 $ 6 $— $ 3 $ 40
2010
Reinsurance recoverables .............. $523 $— $— $160 $363
Allowance for uncollectible:
Premiums receivable from underwriting
activities ...................... $130 $45 $(1) $ 58 $116
Deductibles ...................... $ 49 $(8) $— $ 4 $ 37
(1) Charged to claims and claim adjustment expenses in the consolidated statement of income.
(2) Credited to the related asset account.
See the accompanying Report of Independent Registered Public Accounting Firm.
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