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Liberty Mutual Holding Company Inc.
<br />Consolidated Balance Sheets
<br />(dollars in millions)
<br /> December 31, December 31,
<br /> 2009 2008
<br />Assets:
<br />Investments
<br />Fixed maturities, available for sale, at fair value (amortized cost of $54,789 and $49,902) $ 56,439 47,731
<br />Equity securities, available for sale, at fair value (cost of $1,077 and $1,279) 1,188 1,184
<br />Short-term investments 575 1,193
<br />Mortgage loans 1,121 1,090
<br />Other investments 2,619 2,729
<br />Total investments 61,942 53,927
<br />Cash and cash equivalents 4,847 5,848
<br />Premium and other receivables (net of allowance of 5121 and $136) 7,629 7,834
<br />Reinsurance recoverables (net of allowance of $434 and $344) 14,749 15,163
<br />Deferred income taxes (net of valuation allowance of $160 and $131) 1,691 3,035
<br />Deferred acquisition costs and acquired in-force policy intangibles 2,636 2,541
<br />Goodwill 4,748 4,645
<br />Prepaid reinsurance premiums 1,317 1,565
<br />Separate account assets 3,557 3,062
<br />Other assets 6,359 6,419
<br />Total assets $ 109,475 $ 104,039
<br />Liabilities:
<br />Unpaid claims and claim adjustment expenses and future policy benefits:
<br />Property and casualty $ 48,355 $ 48,311
<br />Life 6,586 6,258
<br />Other policyholder funds and benefits payable 3,300 3,031
<br />Unearned premiums 13,224 12,944
<br />Funds held under reinsurance treaties 1,819 1,855
<br />Short-term and current maturities of long-term debt 305 -
<br />Long-term debt 5,635 6,089
<br />Separate account liabilities 3,557 3,062
<br />Other liabilities 12,180 12,086
<br />Total liabilities 94,961 93,636
<br />Policyholders' equity:
<br />Unassigned equity 14,014 12,963
<br />Accumulated other comprehensive income (loss) 500 (2,560)
<br />Total policyholders' equity 14,514 10,403
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<br />Total liabilities and policyholders' equity $ 109,475 $ 104,039
<br />See accompanying notes to the unaudited consolidated financial statements.
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