Travelers 2013 Annual Report Download - page 177

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2013 2012
Assets
Fixed maturities, available for sale, at fair value (amortized cost $62,196 and
$60,829) .................................................... $ 63,956 $ 65,393
Equity securities, available for sale, at fair value (cost $686 and $462) ......... 943 645
Real estate investments .......................................... 938 883
Short-term securities ............................................ 3,882 3,483
Other investments .............................................. 3,441 3,434
Total investments ........................................... 73,160 73,838
Cash ........................................................ 294 330
Investment income accrued ....................................... 734 752
Premiums receivable ............................................ 6,125 5,872
Reinsurance recoverables ......................................... 9,713 10,712
Ceded unearned premiums ........................................ 801 856
Deferred acquisition costs ........................................ 1,804 1,792
Deferred taxes ................................................. 303 —
Contractholder receivables ........................................ 4,328 4,806
Goodwill ..................................................... 3,634 3,365
Other intangible assets ........................................... 351 381
Other assets .................................................. 2,565 2,234
Total assets ............................................... $103,812 $104,938
Liabilities
Claims and claim adjustment expense reserves .......................... $ 50,895 $ 50,922
Unearned premium reserves ....................................... 11,850 11,241
Contractholder payables .......................................... 4,328 4,806
Payables for reinsurance premiums .................................. 298 346
Deferred taxes ................................................. —338
Debt ........................................................ 6,346 6,350
Other liabilities ................................................ 5,299 5,530
Total liabilities ............................................. 79,016 79,533
Shareholders’ equity
Common stock (1,750.0 shares authorized; 353.5 and 377.4 shares issued and
outstanding) ................................................. 21,500 21,161
Retained earnings .............................................. 24,291 21,352
Accumulated other comprehensive income ............................ 810 2,236
Treasury stock, at cost (401.5 and 372.3 shares) ......................... (21,805) (19,344)
Total shareholders’ equity ..................................... 24,796 25,405
Total liabilities and shareholders’ equity .......................... $103,812 $104,938
The accompanying notes are an integral part of the consolidated financial statements.
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