Travelers 2008 Annual Report Download - page 273
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SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF INCOME
For the year ended December 31, 2008 2007 2006
Revenues
Net investment income ....................................... $52$ 78 $ 103
Net realized investment gains (losses) ............................. 27 17 (24)
Other revenues ............................................. 512 54
Total revenues ............................................ 84 107 133
Expenses
Interest .................................................. 297 260 212
Other .................................................... 32 50 29
Total expenses ............................................ 329 310 241
Loss before income taxes and equity in net income of subsidiaries ........ (245) (203) (108)
Income tax expense (benefit) ................................... 13 (47) (37)
Loss before equity in net income of subsidiaries ..................... (258) (156) (71)
Equity in net income of subsidiaries .............................. 3,182 4,757 4,279
Net income ................................................ $2,924 $4,601 $4,208
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.
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