CONSOLIDATING BALANCE SHEET (Unaudited)
At December 31, 2013
|
(in millions) |
TPC | Other Subsidiaries |
Travelers(1) | Eliminations | Consolidated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Assets |
||||||||||||||||
|
Fixed maturities, available for sale, at fair value (amortized cost $62,196) |
$ | 43,720 | $ | 20,199 | $ | 37 | $ | — | $ | 63,956 | ||||||
|
Equity securities, available for sale, at fair value (cost $686) |
329 | 484 | 130 | — | 943 | |||||||||||
|
Real estate investments |
33 | 905 | — | — | 938 | |||||||||||
|
Short-term securities |
1,867 | 492 | 1,523 | — | 3,882 | |||||||||||
|
Other investments |
2,450 | 990 | 1 | — | 3,441 | |||||||||||
|
Total investments |
48,399 | 23,070 | 1,691 | — | 73,160 | |||||||||||
|
Cash |
137 | 154 | 3 | — | 294 | |||||||||||
|
Investment income accrued |
499 | 231 | 4 | — | 734 | |||||||||||
|
Premiums receivable |
4,124 | 2,001 | — | — | 6,125 | |||||||||||
|
Reinsurance recoverables |
6,292 | 3,421 | — | — | 9,713 | |||||||||||
|
Ceded unearned premiums |
712 | 89 | — | — | 801 | |||||||||||
|
Deferred acquisition costs |
1,570 | 234 | — | — | 1,804 | |||||||||||
|
Deferred taxes |
279 | 86 | (62 | ) | — | 303 | ||||||||||
|
Contractholder receivables |
3,179 | 1,149 | — | — | 4,328 | |||||||||||
|
Goodwill |
2,619 | 1,015 | — | — | 3,634 | |||||||||||
|
Other intangible assets |
250 | 101 | — | — | 351 | |||||||||||
|
Investment in subsidiaries |
— | — | 28,616 | (28,616 | ) | — | ||||||||||
|
Other assets |
2,010 | 357 | 198 | — | 2,565 | |||||||||||
|
Total assets |
$ | 70,070 | $ | 31,908 | $ | 30,450 | $ | (28,616 | ) | $ | 103,812 | |||||
|
Liabilities |
||||||||||||||||
|
Claims and claim adjustment expense reserves |
$ | 33,506 | $ | 17,389 | $ | — | $ | — | $ | 50,895 | ||||||
|
Unearned premium reserves |
8,188 | 3,662 | — | — | 11,850 | |||||||||||
|
Contractholder payables |
3,179 | 1,149 | — | — | 4,328 | |||||||||||
|
Payables for reinsurance premiums |
127 | 171 | — | — | 298 | |||||||||||
|
Debt |
692 | — | 5,654 | — | 6,346 | |||||||||||
|
Other liabilities |
4,109 | 1,180 | 10 | — | 5,299 | |||||||||||
|
Total liabilities |
49,801 | 23,551 | 5,664 | — | 79,016 | |||||||||||
|
Shareholders' equity |
||||||||||||||||
|
Common stock (1,750.0 shares authorized; 353.5 shares issued and outstanding) |
— | 390 | 21,500 | (390 | ) | 21,500 | ||||||||||
|
Additional paid-in capital |
11,634 | 6,502 | — | (18,136 | ) | — | ||||||||||
|
Retained earnings |
7,868 | 1,042 | 24,281 | (8,900 | ) | 24,291 | ||||||||||
|
Accumulated other comprehensive income |
767 | 423 | 810 | (1,190 | ) | 810 | ||||||||||
|
Treasury stock, at cost (401.5 shares) |
— | — | (21,805 | ) | — | (21,805 | ) | |||||||||
|
Total shareholders' equity |
20,269 | 8,357 | 24,786 | (28,616 | ) | 24,796 | ||||||||||
|
Total liabilities and shareholders' equity |
$ | 70,070 | $ | 31,908 | $ | 30,450 | $ | (28,616 | ) | $ | 103,812 | |||||
CONSOLIDATING BALANCE SHEET (Unaudited)
At December 31, 2012
|
(in millions) |
TPC | Other Subsidiaries |
Travelers(1) | Eliminations | Consolidated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Assets |
||||||||||||||||
|
Fixed maturities, available for sale, at fair value (amortized cost $60,829) |
$ | 44,336 | $ | 21,019 | $ | 38 | $ | — | $ | 65,393 | ||||||
|
Equity securities, available for sale, at fair value (cost $462) |
153 | 386 | 106 | — | 645 | |||||||||||
|
Real estate investments |
33 | 850 | — | — | 883 | |||||||||||
|
Short-term securities |
1,187 | 338 | 1,958 | — | 3,483 | |||||||||||
|
Other investments |
2,443 | 990 | 1 | — | 3,434 | |||||||||||
|
Total investments |
48,152 | 23,583 | 2,103 | — | 73,838 | |||||||||||
|
Cash |
177 | 151 | 2 | — | 330 | |||||||||||
|
Investment income accrued |
507 | 240 | 5 | — | 752 | |||||||||||
|
Premiums receivable |
3,944 | 1,928 | — | — | 5,872 | |||||||||||
|
Reinsurance recoverables |
7,112 | 3,600 | — | — | 10,712 | |||||||||||
|
Ceded unearned premiums |
698 | 158 | — | — | 856 | |||||||||||
|
Deferred acquisition costs |
1,560 | 232 | — | — | 1,792 | |||||||||||
|
Contractholder receivables |
3,540 | 1,266 | — | — | 4,806 | |||||||||||
|
Goodwill |
2,411 | 954 | — | — | 3,365 | |||||||||||
|
Other intangible assets |
268 | 113 | — | — | 381 | |||||||||||
|
Investment in subsidiaries |
— | — | 28,562 | (28,562 | ) | — | ||||||||||
|
Other assets |
1,930 | 286 | 18 | — | 2,234 | |||||||||||
|
Total assets |
$ | 70,299 | $ | 32,511 | $ | 30,690 | $ | (28,562 | ) | $ | 104,938 | |||||
|
Liabilities |
||||||||||||||||
|
Claims and claim adjustment expense reserves |
$ | 33,598 | $ | 17,324 | $ | — | $ | — | $ | 50,922 | ||||||
|
Unearned premium reserves |
7,751 | 3,490 | — | — | 11,241 | |||||||||||
|
Contractholder payables |
3,540 | 1,266 | — | — | 4,806 | |||||||||||
|
Payables for reinsurance premiums |
151 | 195 | — | — | 346 | |||||||||||
|
Deferred taxes |
316 | 123 | (101 | ) | — | 338 | ||||||||||
|
Debt |
1,191 | — | 5,159 | — | 6,350 | |||||||||||
|
Other liabilities |
4,107 | 1,186 | 237 | — | 5,530 | |||||||||||
|
Total liabilities |
50,654 | 23,584 | 5,295 | — | 79,533 | |||||||||||
|
Shareholders' equity |
||||||||||||||||
|
Common stock (1,750.0 shares authorized; 377.4 shares issued and outstanding) |
— | 390 | 21,161 | (390 | ) | 21,161 | ||||||||||
|
Additional paid-in capital |
11,135 | 6,501 | — | (17,636 | ) | — | ||||||||||
|
Retained earnings |
6,404 | 1,113 | 21,342 | (7,507 | ) | 21,352 | ||||||||||
|
Accumulated other comprehensive income |
2,106 | 923 | 2,236 | (3,029 | ) | 2,236 | ||||||||||
|
Treasury stock, at cost (372.3 shares) |
— | — | (19,344 | ) | — | (19,344 | ) | |||||||||
|
Total shareholders' equity |
19,645 | 8,927 | 25,395 | (28,562 | ) | 25,405 | ||||||||||
|
Total liabilities and shareholders' equity |
$ | 70,299 | $ | 32,511 | $ | 30,690 | $ | (28,562 | ) | $ | 104,938 | |||||