Travelers 2013 Annual Report Download - page 264

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, 2013
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Assets
Fixed maturities, available for sale, at fair value
(amortized cost $62,196) ............... $43,720 $20,199 $ 37 $ — $ 63,956
Equity securities, available for sale, at fair value
(cost $686) ........................ 329 484 130 — 943
Real estate investments ................. 33 905 — — 938
Short-term securities ................... 1,867 492 1,523 — 3,882
Other investments ..................... 2,450 990 1 — 3,441
Total investments .................... 48,399 23,070 1,691 — 73,160
Cash .............................. 137 154 3 — 294
Investment income accrued .............. 499 231 4 — 734
Premiums receivable ................... 4,124 2,001 — — 6,125
Reinsurance recoverables ................ 6,292 3,421 — — 9,713
Ceded unearned premiums ............... 712 89 — — 801
Deferred acquisition costs ............... 1,570 234 — — 1,804
Deferred taxes ....................... 279 86 (62) — 303
Contractholder receivables ............... 3,179 1,149 — — 4,328
Goodwill ........................... 2,619 1,015 — — 3,634
Other intangible assets .................. 250 101 — — 351
Investment in subsidiaries ................ — — 28,616 (28,616) —
Other assets ......................... 2,010 357 198 — 2,565
Total assets ........................ $70,070 $31,908 $ 30,450 $(28,616) $103,812
Liabilities
Claims and claim adjustment expense reserves . . $33,506 $17,389 $ — $ — $ 50,895
Unearned premium reserves .............. 8,188 3,662 — — 11,850
Contractholder payables ................. 3,179 1,149 — — 4,328
Payables for reinsurance premiums ......... 127 171 — — 298
Debt .............................. 692 — 5,654 — 6,346
Other liabilities ....................... 4,109 1,180 10 — 5,299
Total liabilities ..................... 49,801 23,551 5,664 — 79,016
Shareholders’ equity
Common stock (1,750.0 shares authorized;
353.5 shares issued and outstanding) ....... — 390 21,500 (390) 21,500
Additional paid-in capital ................ 11,634 6,502 — (18,136) —
Retained earnings ..................... 7,868 1,042 24,281 (8,900) 24,291
Accumulated other comprehensive income .... 767 423 810 (1,190) 810
Treasury stock, at cost (401.5 shares) ........ — — (21,805) — (21,805)
Total shareholders’ equity .............. 20,269 8,357 24,786 (28,616) 24,796
Total liabilities and shareholders’ equity .... $70,070 $31,908 $ 30,450 $(28,616) $103,812
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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