Travelers 2003 Annual Report Download - page 109

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107
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
3. SEGMENT INFORMATION, Continued
Commercial
(at and for the year ended December 31, in millions) Lines
Personal
Lines
Total
Reportable
Segments
2003
Revenues
Premiums $ 7,722.8 $ 4,822.6 $ 12,545.4
Net investment income 1,506.9 361.1 1,868.0
Fee income 560.0 - 560.0
Other revenues 40.7 85.2 125.9
Total operating revenues $ 9,830.4 $ 5,268.9 $ 15,099.3
Amortization and depreciation $ 1,240.8 $ 810.4 $ 2,051.2
Federal income taxes 377.1 221.5 598.6
Operating income 1,295.0 492.5 1,787.5
Assets 54,665.2 9,907.5 64,572.7
2002
Revenues
Premiums $ 6,801.2 $ 4,354.1 $ 11,155.3
Net investment income 1,495.3 384.7 1,880.0
Fee income 454.9 - 454.9
Recoveries from former affiliate 520.0 - 520.0
Other revenues 32.1 80.1 112.2
Total operating revenues $ 9,303.5 $ 4,818.9 $ 14,122.4
Amortization and depreciation $ 1,112.2 $ 739.4 $ 1,851.6
Federal income taxes (benefit) (543.3) 127.0 (416.3)
Operating income (loss) (125.8) 346.9 221.1
Assets 54,782.8 8,842.5 63,625.3
2001
Revenues
Premiums $ 5,447.0 $ 3,963.9 $ 9,410.9
Net investment income 1,616.3 410.2 2,026.5
Fee income 347.4 - 347.4
Other revenues 41.4 73.3 114.7
Total operating revenues $ 7,452.1 $ 4,447.4 $ 11,899.5
Amortization and depreciation $ 954.0 $ 695.3 $ 1,649.3
Federal income taxes 302.6 97.0 399.6
Operating income 752.2 241.0 993.2
Assets 48,234.7 8,369.3 56,604.0
Operating income (loss) equals net income (loss) excluding the after-tax impact of net realized investment gains (losses) and cumulative
effect of changes in accounting principles. For 2002 and prior, operating income also excludes non-recurring restructuring charges
related to periods prior to the spin-off from Citigroup.