Schedule V

12 Months Ended

Dec. 31, 2012

Schedule V

Schedule V [Text Block]

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(1)			Deductions(2)		Balance at end of period
2012
Reinsurance recoverables	$	345	$	—		$	—		$	87	$	258
Allowance for uncollectible:
Premiums receivable from underwriting activities	$	83	$	44		$	—		$	51	$	76
Deductibles	$	40	$	4		$	—		$	3	$	41
2011
Reinsurance recoverables	$	363	$	—		$	—		$	18	$	345
Allowance for uncollectible:
Premiums receivable from underwriting activities	$	116	$	23		$	—		$	56	$	83
Deductibles	$	37	$	6		$	—		$	3	$	40
2010
Reinsurance recoverables	$	523	$	—		$	—		$	160	$	363
Allowance for uncollectible:
Premiums receivable from underwriting activities	$	130	$	45		$	(1	)	$	58	$	116
Deductibles	$	49	$	(8	)	$	—		$	4	$	37

(1)

Charged to claims and claim adjustment expenses in the consolidated statement of income.

(2)

Credited to the related asset account.