Travelers 2015 Annual Report Download - page 165

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
At December 31, 2015 2014
Assets
Fixed maturities, available for sale, at fair value (amortized cost $58,878 and
$60,801) .................................................... $ 60,658 $ 63,474
Equity securities, available for sale, at fair value (cost $528 and $579) ......... 705 899
Real estate investments .......................................... 989 938
Short-term securities ............................................ 4,671 4,364
Other investments .............................................. 3,447 3,586
Total investments ........................................... 70,470 73,261
Cash ........................................................ 380 374
Investment income accrued ....................................... 642 685
Premiums receivable ............................................ 6,437 6,298
Reinsurance recoverables ......................................... 8,910 9,260
Ceded unearned premiums ........................................ 656 678
Deferred acquisition costs ........................................ 1,849 1,835
Deferred taxes ................................................. 296 33
Contractholder receivables ........................................ 4,374 4,362
Goodwill ..................................................... 3,573 3,611
Other intangible assets ........................................... 279 304
Other assets .................................................. 2,318 2,377
Total assets ............................................... $100,184 $103,078
Liabilities
Claims and claim adjustment expense reserves .......................... $ 48,295 $ 49,850
Unearned premium reserves ....................................... 11,971 11,839
Contractholder payables .......................................... 4,374 4,362
Payables for reinsurance premiums .................................. 296 336
Debt ........................................................ 6,344 6,349
Other liabilities ................................................ 5,306 5,506
Total liabilities ............................................. 76,586 78,242
Shareholders’ equity
Common stock (1,750.0 shares authorized; 295.9 and 322.2 shares issued and
outstanding) ................................................. 22,172 21,843
Retained earnings .............................................. 29,945 27,251
Accumulated other comprehensive income (loss) ........................ (157) 880
Treasury stock, at cost (467.6 and 437.3 shares) ......................... (28,362) (25,138)
Total shareholders’ equity ..................................... 23,598 24,836
Total liabilities and shareholders’ equity .......................... $100,184 $103,078
The accompanying notes are an integral part of the consolidated financial statements.
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