Travelers 2015 Annual Report Download - page 252

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, 2014
Other
(in millions) TPC Subsidiaries TRV Eliminations Consolidated
Assets
Fixed maturities, available for sale, at fair value
(amortized cost $60,801) ................ $43,401 $20,043 $ 30 $ — $ 63,474
Equity securities, available for sale, at fair value
(cost $579) .......................... 236 522 141 — 899
Real estate investments ................... 56 882 — — 938
Short-term securities ..................... 2,128 706 1,530 — 4,364
Other investments ...................... 2,630 955 1 — 3,586
Total investments ..................... 48,451 23,108 1,702 — 73,261
Cash ............................... 221 151 2 — 374
Investment income accrued ................ 468 215 2 — 685
Premiums receivable ..................... 4,241 2,057 — — 6,298
Reinsurance recoverables ................. 6,156 3,104 — — 9,260
Ceded unearned premiums ................ 608 70 — — 678
Deferred acquisition costs ................. 1,622 213 — — 1,835
Deferred taxes ......................... 23 (40) 50 — 33
Contractholder receivables ................. 3,306 1,056 — — 4,362
Goodwill ............................. 2,602 1,009 — — 3,611
Other intangible assets ................... 216 88 — — 304
Investment in subsidiaries ................. — — 28,821 (28,821) —
Other assets .......................... 1,931 429 17 — 2,377
Total assets ......................... $69,845 $31,460 $ 30,594 $(28,821) $103,078
Liabilities
Claims and claim adjustment expense reserves . . . $32,999 $16,851 $ — $ — $ 49,850
Unearned premium reserves ............... 8,201 3,638 — — 11,839
Contractholder payables .................. 3,306 1,056 — — 4,362
Payables for reinsurance premiums ........... 194 142 — — 336
Debt ............................... 692 — 5,657 — 6,349
Other liabilities ........................ 4,084 1,308 114 — 5,506
Total liabilities ....................... 49,476 22,995 5,771 — 78,242
Shareholders’ equity
Common stock (1,750.0 shares authorized; 322.2
shares issued and outstanding) ............ — 390 21,843 (390) 21,843
Additional paid-in capital ................. 11,634 6,502 — (18,136) —
Retained earnings ...................... 7,673 1,073 27,238 (8,733) 27,251
Accumulated other comprehensive income ...... 1,062 500 880 (1,562) 880
Treasury stock, at cost (437.3 shares) .......... — — (25,138) — (25,138)
Total shareholders’ equity ............... 20,369 8,465 24,823 (28,821) 24,836
Total liabilities and shareholders’ equity ..... $69,845 $31,460 $ 30,594 $(28,821) $103,078
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