Travelers 2006 Annual Report Download - page 182

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
170
2. SEGMENT INFORMATION (Continued)
(at and forthe year ended December 31, in millions)
Business
Insurance
Financial,
Professional &
International
Insurance
Personal
Insurance
Total
Reportable
Segments
2006
Premiums.........................................$ 10,876 $ 3,321 $6,563 $ 20,760
Net investment income............................. 2,538 429548 3,515
Fee income ....................................... 591 —— 591
Other revenues ....................................44 26 94 164
Total operatingrevenues(1).......................$ 14,049 $ 3,776 $7,205 $ 25,030
Amortization anddepreciation ......................$ 2,109$ 769 $1,282 $ 4,160
Income tax expense ................................ 918 199518 1,635
Operating income(1)............................... 2,622 6091,132 4,363
2005
Premiums.........................................$ 1 1,116 $ 3,197 $6,028 $ 20,341
Net investment income.............................2,341 360457 3,158
Fee income .......................................663 1—664
Other revenues ....................................6420961
80
Total operatingrevenues(1).......................$ 1 4,184 $ 3,578 $6,581 $ 24,343
Amortization anddepreciation ......................$2,053$764$1,141$ 3,958
Income tax expense ................................172226 3427
40
Operating income(1)...............................1,044 391775 2,210
2004
Premiums.........................................$ 1 0,929 $ 2,529 $5,580 $ 19,038
Net investment income.............................1,980235 4422
,657
Fee income .......................................706 ——
706
Other revenues ....................................601791168
Total operatingrevenues(1).......................$ 1 3,675 $ 2,781 $6,113 $ 22,569
Amortizationand depreciation ......................$1,446$ 570 $ 952$ 2,968
Income tax expense (benefit) ........................(93)(181) 442168
Operating income (loss)(1)..........................460 (322) 9391,077
(1) Operating revenuesfor reportable business segments exclude net realized investment gains (losses)
and revenues from discontinued operations. Operating income (loss) for reportable business segments
equals net income excluding the after-tax impact of net realized investment gains (losses) and the
after-tax impactof discontinued operations.