Travelers 2007 Annual Report Download - page 250
Download and view the complete annual report
Please find page 250 of the 2007 Travelers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240 -
241 -
242 -
243 -
244 -
245 -
246 -
247 -
248 -
249 -
250 -
251 -
252 -
253 -
254 -
255 -
256 -
257 -
258 -
259 -
260 -
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
 |
 |
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
19. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)
First Second Third Fourth
2007 (in millions, except per share data) Quarter Quarter Quarter Quarter Total
Total revenues ............................... $6,427 $6,573 $6,526 $6,491 $26,017
Total expenses ............................... 4,967 4,932 4,852 5,050 19,801
Income before income taxes ..................... 1,460 1,641 1,674 1,441 6,216
Income tax expense ........................... 374 387 476 378 1,615
Net income ................................. $1,086 $1,254 $1,198 $1,063 $ 4,601
Net income per share:(1)
Basic .................................... $ 1.62 $ 1.90 $ 1.85 $ 1.67 $ 7.04
Diluted ................................... 1.56 1.86 1.81 1.64 6.86
First Second Third Fourth
2006 (in millions, except per share data) Quarter Quarter Quarter Quarter Total
Total revenues ............................... $6,050 $6,255 $6,316 $6,469 $25,090
Total expenses ............................... 4,712 4,911 4,862 4,880 19,365
Income before income taxes ..................... 1,338 1,344 1,454 1,589 5,725
Income tax expense ........................... 332 374 411 400 1,517
Net income ................................. $1,006 $ 970 $1,043 $1,189 $ 4,208
Net income per share:(1)
Basic .................................... $ 1.45 $ 1.40 $ 1.52 $ 1.75 $ 6.12
Diluted ................................... 1.41 1.36 1.47 1.68 5.91
(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full
year.
238