Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name TRAVELERS COMPANIES, INC.
CIK 0000086312
Accession number 0001047469-14-000854
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/86312/000104746914000854/trv-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

 

(at December 31, in millions)
  2013   2012  

Deferred tax assets

              

Claims and claim adjustment expense reserves

   $ 825   $ 888  

Unearned premium reserves

     693     689  

Other

     621     741  
           

Total gross deferred tax assets

     2,139     2,318  
           

Deferred tax liabilities

              

Deferred acquisition costs

     554     590  

Investments

     931     1,800  

Internally developed software

     138     134  

Other

     213     132  
           

Total gross deferred tax liabilities

     1,836     2,656  
           

Total deferred tax asset (liability)

   $ 303   $ (338 )
           
           

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 2,139,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 2,139,000,000
Deferred tax liabilities -1,836,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 303,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 303,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 2,139,000,000
Deferred tax liabilities, net -1,836,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 303,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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