Travelers 2005 Annual Report Download - page 2

Corporate Profile
St. Paul Travelers (NYSE: STA) is a leading provider of property casualty insur-
ance products and services to a wide variety of businesses and organizations
and to individuals. Our products are distributed primarily through independent
insurance agents and brokers. The company reported 2005 revenues of $24.4
billion and total assets of $113 billion at Dec. 31, 2005.
For more information about St. Paul Travelers and its products and services,
visit the company’s Web site, www.stpaultravelers.com.
1Beginning on April 1, 2004, the results of operations and financial condition of The St. Paul
Companies, Inc. were consolidated with those of Travelers Property Casualty Corp. Accordingly,
financial information presented for the 12 months ended Dec. 31, 2004, reflects financial informa-
tion for Travelers Property Casualty Corp. for the three months ended March 31, 2004, and the
consolidated accounts of The St. Paul Companies, Inc. and Travelers Property Casualty Corp. for
the subsequent nine months ended Dec. 31, 2004.
2Operating income equals net income excluding the after-tax impact of net realized investment gains
(losses) and the after-tax impact of discontinued operations. The after-tax impact of net realized
gains (losses) was $35 million in 2005 and ($28 million) in 2004, and the after-tax income (loss)
from discontinued operations was ($439 million) in 2005 and $88 million in 2004.
3Per diluted weighted average number of common shares outstanding.
About the Cover (left to right)
Bill Rohde Jr., president of Global Technology, right, talks with Technology leaders, Jon Farber, left,
and Dawna Capps-Evans.
Pamela Carpenter, president of Commercial Accounts Field, left, discusses marketing plans with
Jack Roche of Commercial Accounts.
Jack Goodwin, president of Public Sector Services, left, reviews underwriting materials with colleagues
Lola Miles-Troutz, center, and Josette Kiel.
Greg Toczydlowski, senior vice president – Product and Underwriting for Personal Lines, center, prepares
for a presentation with colleagues Juan Aguilar and Marissa Mounds.
Marc Schmittlein, president of Select Accounts, left, discusses new account activity with colleagues,
Douglas Campbell, top, Stephen Ward, center, and David French.
Financial Highlights
(as of and for the year ended Dec. 31)
(Dollar amounts in millions, except per share amounts) 2005 20041
Net Earned Premiums $ 20,341 $ 19,038
Total Revenues $ 24,365 $ 22,544
Operating Income2$ 2,026 $ 895
Net Income $ 1,622 $ 955
Net Income Per Diluted Common Share3$ 2.33 $ 1.53
Total Investments $ 68,287 $ 64,368
Total Assets $113,187 $111,246
Shareholders’ Equity $ 22,303 $ 21,201
Total Employees 31,900 30,800