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Liberty Mumal Holding Company Inc.
<br />Consolidated Balance Sheets
<br />(doLLara in millions)
<br />(Unaudiced)
<br /> December 31, December 31,
<br /> 2005 2004
<br />Assets:
<br />lnvcstments
<br />Pixed mamrides, available for sale, at fair value (amortized cost of $36,962 and $34,279) $ 37,391 $ 35,601
<br />Equity securities, available for salt, at fair value (cost of $1,154 and $1,126) 1,908 1,802
<br />Trading securities, at fair value (cast of $13 and $447) 20 457
<br />Other investments 1,124 990
<br />Short-term investments 1,430 687
<br />Total investments 41,873 39,537
<br />Cash and cash cquivalenss 3,155 2,590
<br />Premium and other receivables (net of allowance of $131 and $137) 5,976 5,642
<br />Reinsurance recovcrablcs (net of allowance of $324 and $349) 16,302 14,209
<br />DeFerred income taxes (net of valuation allowance of $99 and $340) 1,627 938
<br />Deferred poficy acyuisidon costs 1,476 1,354
<br />Goodwill and intangible assets 810 824
<br />Prepaid reinsurance premiums 1,224 1,330
<br />Other assets 3,811 3,670
<br />Separate amount assets 2,570 2,363
<br />Tonal assets $ 78,824 $ 72,457
<br />Liabilities:
<br />Unpaid claims and claim adjustment expense and furore po8ry bcncfts
<br />Property and casualty $ 38,045 $ 33,884
<br />Life 4,751 4,802
<br />Other poliryholder funds and benefits payable 2,491 2,290
<br />Unearned premiums 8,454 8,240
<br />Punds held under reinsurance treaties 1,826 1,767
<br />Short-term debt 145 253
<br />Long-term debt 2,555 2,074
<br />Other BabiGtics 9,129 8,087
<br />Scpamte account liabilides 2,570 2,363
<br />Total Gabibdes G9,9G6 63,760
<br />Policyholders' equity:
<br />Unassigned equity 8,466 7,439
<br />Accumulated other compmhensive income 392 1,258
<br />Total policyholders' equity 8,858 8,697
<br />Total liabilities and poGryholdets equity $ 78,824 8 72,457
<br />Sec amompan}~ng notes to the unaudited consolidated Financial statemenss.
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