Travelers 2015 Annual Report Download - page 251

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, 2015
Other
(in millions) TPC Subsidiaries TRV Eliminations Consolidated
Assets
Fixed maturities, available for sale, at fair value
(amortized cost $58,878) ................ $42,289 $18,323 $ 46 $ — $ 60,658
Equity securities, available for sale, at fair value
(cost $528) .......................... 189 375 141 — 705
Real estate investments ................... 56 933 — — 989
Short-term securities ..................... 1,947 1,178 1,546 — 4,671
Other investments ...................... 2,516 930 1 — 3,447
Total investments ..................... 46,997 21,739 1,734 — 70,470
Cash ............................... 225 153 2 — 380
Investment income accrued ................ 453 185 4 — 642
Premiums receivable ..................... 4,336 2,101 — — 6,437
Reinsurance recoverables ................. 5,849 3,061 — — 8,910
Ceded unearned premiums ................ 610 46 — — 656
Deferred acquisition costs ................. 1,660 189 — — 1,849
Deferred taxes ......................... 178 83 35 — 296
Contractholder receivables ................. 3,387 987 — — 4,374
Goodwill ............................. 2,573 1,000 — — 3,573
Other intangible assets ................... 203 76 — — 279
Investment in subsidiaries ................. — — 27,573 (27,573) —
Other assets .......................... 1,958 344 16 — 2,318
Total assets ......................... $68,429 $29,964 $ 29,364 $(27,573) $100,184
Liabilities
Claims and claim adjustment expense reserves . . . $31,965 $16,330 $ — $ — $ 48,295
Unearned premium reserves ............... 8,335 3,636 — — 11,971
Contractholder payables .................. 3,387 987 — — 4,374
Payables for reinsurance premiums ........... 175 121 — — 296
Debt ............................... 693 — 5,651 — 6,344
Other liabilities ........................ 3,958 1,221 127 — 5,306
Total liabilities ....................... 48,513 22,295 5,778 — 76,586
Shareholders’ equity
Common stock (1,750.0 shares authorized; 295.9
shares issued and outstanding) ............ — 390 22,172 (390) 22,172
Additional paid-in capital ................. 11,634 6,499 — (18,133) —
Retained earnings ...................... 7,888 688 29,933 (8,564) 29,945
Accumulated other comprehensive income (loss) . 394 92 (157) (486) (157)
Treasury stock, at cost (467.6 shares) .......... — — (28,362) — (28,362)
Total shareholders’ equity ............... 19,916 7,669 23,586 (27,573) 23,598
Total liabilities and shareholders’ equity ..... $68,429 $29,964 $ 29,364 $(27,573) $100,184
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