Travelers 2001 Annual Report Download - page 74

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The St. Paul Companies 2001 Annual Report72
December 31 2001 2000
(In millions)
identifiable assets
Property-liability insurance $36,490 $33,708
Asset management 855 650
Total reportable segments 37,345 34,358
Parent company, other operations,
consolidating eliminations
and discontinued operations 976 1,144
Total assets $38,321 $35,502
Note 16, “Restructuring and Other Charges,” describes charges we
recorded during 2001, 2000 and 1999 and where they are included
in the foregoing tables.
20
Other Comprehensive Income
Other comprehensive income is defined as any change in our equity
from transactions and other events originating from non-owner
sources. In our case, those changes are comprised of our reported
net income, changes in unrealized appreciation and changes in
unrealized foreign currency translation adjustments. The following
summaries present the components of our other comprehensive
income, other than net income, for the last three years.
Income Tax
Year ended December 31, 2001 Pretax Effect After-Tax
(In millions)
Unrealized depreciation arising
during period $ (652) $ (248) $ (404)
Less: reclassification adjustment for
realized losses included in net loss (124) (43) (81)
Net change in unrealized appreciation
on investments (528) (205) (323)
Net change in unrealized loss
on foreign currency translation (12) (4) (8)
Net change in unrealized loss
on derivatives (2) — (2)
Total other comprehensive loss $ (542) $ (209) $ (333)
Income Tax
Year ended December 31, 2000 Pretax Effect After-Tax
(In millions)
Unrealized appreciation arising
during period $ 902 $ 318 $ 584
Less: reclassification adjustment for
realized gains included in net income 595 208 387
Net change in unrealized appreciation
on investments 307 110 197
Net change in unrealized loss
on foreign currency translation (41) 1 (42)
Total other comprehensive income $ 266 $ 111 $ 155
Income Tax
Year ended December 31, 1999 Pretax Effect After-Tax
(In millions)
Unrealized depreciation arising
during period $ (457) $ (159) $ (298)
Less: reclassification adjustment for
realized gains included in net income 248 87 161
Net change in unrealized appreciation
on investments (705) (246) (459)
Net change in unrealized loss
on foreign currency translation (10) 2 (12)
Total other comprehensive loss $ (715) $ (244) $ (471)