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Liberty Mutual Holding Company Inc.
<br />Consolidated Balance Sheets
<br />(dollars in millions)
<br />(unaudited)
<br />December 31, December 31,
<br />2008 2007
<br />Assets:
<br />Investments
<br />Fixed maturities, available for sale, at fair value (amortized cost of $49,902 and $46,848)
<br />Equity securities, available for sale, at fair value (cost of $1,279 and $2,418 )
<br />Trading securities, at fair value (cost of $1 and $16)
<br />Short-term investments
<br />Mortgage loans
<br />Other investments
<br />Total investments
<br />Cash and cash equivalents
<br />Premium and other receivables (net of allowance of $136 and $99)
<br />Reinsurance recoverables (net of allowance of $344 and $331)
<br />Deferred income taxes (net of valuation allowance of $131 and $112)
<br />Deferred acquisition costs and acquired in-force policy intangibles
<br />Goodwill
<br />Prepaid reinsurance premiums
<br />Separate account assets
<br />Other assets
<br />Total assets
<br />liabilities:
<br />Unpaid claims and claim adjustment expenses and future policy benefits:
<br />Property and casualty
<br />Life
<br />Other policyholder funds and benefits payable
<br />Unearned premiums
<br />Funds held under reinsurance treaties
<br />Short-term debt
<br />Long-term debt
<br />Separate account liabilities
<br />Other liabilities
<br />Total liabilities
<br />Policyholders' equity:
<br />Unassigned equity
<br />Accumulated other comprehensive (loss) income
<br />Total policyholders' equity
<br />Total liabilities and policyholders' equity
<br />$ 47,731 $ 46,934
<br />1,184 3,285
<br />1 16
<br />1,193 764
<br />1,090 657
<br />2,728 2,348
<br />53,927 54,004
<br />5,848 3,199
<br />7,834 6,764
<br />15,309 15,518
<br />3,166 1,469
<br />2,541 2,045
<br />4,645 1,962
<br />1,565 1,180
<br />3,062 3,431
<br />6,419 5,443
<br />$ 104,316 $ 95,015
<br />$ 48,727 $ 42,992
<br />6,258 6,063
<br />3,031 2,818
<br />12,944 10,625
<br />1,855 1,941
<br />- 91
<br />6,089 4,360
<br />3,062 3,431
<br />12,190 10,328
<br />94,156 82,649
<br />12,720 11,621
<br />(2,560) 745
<br />10,160 12,366
<br />$ 104,316 $ 95,015
<br />See accompanying notes to the unaudited consolidated financial statements
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