Schedule V

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES

Valuation and Qualifying Accounts

(in millions)

	Balance at beginning of period		Charged to costs and expenses		Charged to other accounts		Deductions (1)		Balance at end of period
2020
Reinsurance recoverables (2)	$	92	$	1	$	53	$	—	$	146
Allowance for uncollectible:
Premiums receivable from underwriting activities	$	55	$	95	$	2	$	47	$	105
Deductibles	$	22	$	7	$	(2)	$	—	$	27
2019
Reinsurance recoverables	$	110	$	—	$	—	$	18	$	92
Allowance for uncollectible:
Premiums receivable from underwriting activities	$	54	$	59	$	—	$	58	$	55
Deductibles	$	24	$	(2)	$	—	$	—	$	22
2018
Reinsurance recoverables	$	111	$	—	$	—	$	1	$	110
Allowance for uncollectible:
Premiums receivable from underwriting activities	$	58	$	50	$	—	$	54	$	54
Deductibles	$	26	$	(1)	$	—	$	1	$	24

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(1)    Credited to the related asset account

(2)    The $53 million represents the cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020.

See the Report of Independent Registered Public Accounting Firm.