Travelers 2014 Annual Report Download - page 168

Table of Contents
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
The accompanying notes are an integral part of the consolidated financial statements.
167
At December 31,
2014
2013
Assets
Fixed maturities, available for sale, at fair value (amortized cost $60,801 and
$62,196)
$
63,474
$
63,956
Equity securities, available for sale, at fair value (cost $579 and $686)
899
943
Real estate investments
938
938
Short - term securities
4,364
3,882
Other investments
3,586
3,441
Total investments
73,261
73,160
Cash
374
294
Investment income accrued
685
734
Premiums receivable
6,298
6,125
Reinsurance recoverables
9,260
9,713
Ceded unearned premiums
678
801
Deferred acquisition costs
1,835
1,804
Deferred taxes
33
303
Contractholder receivables
4,362
4,328
Goodwill
3,611
3,634
Other intangible assets
304
351
Other assets
2,377
2,565
Total assets
$
103,078
$
103,812
Liabilities
Claims and claim adjustment expense reserves
$
49,850
$
50,895
Unearned premium reserves
11,839
11,850
Contractholder payables
4,362
4,328
Payables for reinsurance premiums
336
298
Debt
6,349
6,346
Other liabilities
5,506
5,299
Total liabilities
78,242
79,016
Shareholders' equity
Common stock (1,750.0 shares authorized; 322.2 and 353.5 shares issued and
outstanding)
21,843
21,500
Retained earnings
27,251
24,291
Accumulated other comprehensive income
880
810
Treasury stock, at cost (437.3 and 401.5 shares)
(25,138
)
(21,805
)
Total shareholders' equity
24,836
24,796
Total liabilities and shareholders' equity
$
103,078
$
103,812