Travelers 2003 Annual Report Download - page 133

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131
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
10. SHAREHOLDERS’ EQUITY AND DIVIDEND AVAILABILITY, Continued
Accumulated Other Changes in Equity from Nonowner Sources, Net of Tax
Changes in each component of Accumulated Other Changes in Equity from Nonowner Sources were as follows:
(at and for the year ended December 31, in millions)
Net
Unrealized
Gains
(Losses) on
Investment
Securities
Minimum
Pension
Liability
Adjustment
Other (1)
Accumulated
Other
Changes in
Equity from
Nonowner
Sources
Balance, December 31, 2000 $ 407.1 $ - $ (6.4) $ 400.7
Net unrealized gains on investment securities
obtained as part of affiliate acquisition, net
of tax of $11.7 21.1 - - 21.1
Net unrealized gains on investment
securities, net of tax of $20.2 37.9 - - 37.9
Less: Reclassification adjustment for net
realized gains included in net income, net
of tax of ($113.0) (209.9) - - (209.9)
Other, net of tax of ($6.7) - - (8.4) (8.4)
Current period change (150.9) - (8.4) (159.3)
Balance, December 31, 2001 256.2 - (14.8) 241.4
Net unrealized gains on investment securities, net
of tax and minority interest of $297.1 574.4 - - 574.4
Less: Reclassification adjustment for net
realized gains included in net income,
net of tax and minority interest of ($47.7) (99.0) - - (99.0)
Minimum pension liability adjustment,
net of tax of ($36.7) - (68.3) - (68.3)
Other, net of tax of $9.7 - - 8.1 8.1
Current period change 475.4 (68.3) 8.1 415.2
Balance, December 31, 2002 731.6 (68.3) (6.7) 656.6
Net unrealized gains on investment securities, net
of tax and minority interest of $200.3 349.4 - - 349.4
Less: Reclassification adjustment for net
realized gains included in net income,
net of tax and minority interest of ($17.3) (20.7) - - (20.7)
Minimum pension liability adjustment,
net of tax of $33.3 - 62.0 - 62.0
Other, net of tax of $17.8 - - 38.2 38.2
Current period change 328.7 62.0 38.2 428.9
Balance, December 31, 2003 $ 1,060.3 $ (6.3) $ 31.5 $ 1,085.5
(1) Includes foreign currency translation adjustments, changes in value of private equity securities and the cumulative effect of the change
in accounting for derivative instruments and hedging activities.