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Table of Contents

SCHEDULE V

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES

Valuation and Qualifying Accounts

(in millions)

See the accompanying Report of Independent Registered Public Accounting Firm.

279

Balance at

beginning of

period

Charged to

costs and

expenses

Charged to

other

accounts(1)

Deductions(2)

Balance

at end of

period

2014

Reinsurance recoverables

$

239

$

—

$

—

$

36

$

203

Allowance for uncollectible:

Premiums receivable from

underwriting activities

$

75

$

44

$

—

$

49

$

70

Deductibles

$

39

$

—

$

—

$

3

$

36

2013

Reinsurance recoverables

$

258

$

—

$

2

$

21

$

239

Allowance for uncollectible:

Premiums receivable from

underwriting activities

$

76

$

48

$

—

$

49

$

75

Deductibles

$

41

$

1

$

—

$

3

$

39

2012

Reinsurance recoverables

$

345

$

—

$

—

$

87

$

258

Allowance for uncollectible:

Premiums receivable from

underwriting activities

$

83

$

44

$

—

$

51

$

76

Deductibles

$

40

$

4

$

—

$

3

$

41

(1)

Amount in 2013 represents allowance for uncollectible reinsurance recoverables acquired November 1, 2013 as part of the

Company's acquisition of Dominion.

(2)

Credited to the related asset account.