Travelers 2005 Annual Report Download - page 76

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64
(4) Earning per share, year-end common shares outstanding, cash dividends per share and book value per share were restated for
the years prior to2004 toreflect the impact of the merger with SPC.
(5) In August2005, the Company completed its divestiture of Nuveen Investments, Inc., its asset management subsidiary acquired
in the merger. Accordingly, the Company’s share of Nuveen Investments’ results prior to divestiture was classified as
discontinuedoperations, along with the net after-tax losson disposal. Prior period results were reclassified to be consistent with
the 2005 presentation.
(6) In March 2002, TPC issued common stockthrough its Initial Public Offering (IPO).
(7) Dividends per common share reflect the recapitalization effected as part of TPC’s corporate reorganization in 2002. See
Item 1—Business. During 2002, TPC paid dividends of $5.10 billion in the form of a note payable and $158 million incash to
Citigroup, its then sole shareholder. During 2001, TPC paid dividends of $526 million to Citigroup, its then sole shareholder.