Travelers 2008 Annual Report Download - page 287

Your Dividends
Travelers has paid cash dividends without interruption for
137 years. Our most recent quarterly dividend of $0.30 per
share was declared on Feb. 4, 2009, payable March 31, 2009,
to shareholders of record as of March 10, 2009.
Automatic Dividend Reinvestment Program
This program provides a convenient opportunity for our
shareholders to increase their holding of Travelers common
stock. An explanatory brochure and enrollment card may
be obtained by calling our stock transfer agent, Wells Fargo
Bank, N.A. at 888.326.5102, or mailing a request to the
address below.
Stock Transfer Agent and Registrar
For address changes, dividend checks, direct deposits of
dividends, account consolidations, registration changes,
lost stock certificates, and general stock holding questions,
please contact:
Wells Fargo Bank Minnesota, N.A.
Shareowner Services
P.O. Box 64854
Saint Paul, MN 55164-0854
Toll Free: 1.888.326.5102
Outside U.S. and Canada: 651.450.4064
www.wellsfargo.com/shareownerservices
Financial Information Available
Travelers makes available, free of charge on its Web site,
all of its filings that are made electronically with the SEC,
including Forms 10-K, 10-Q and 8-K. To access these filings,
go to the company’s Web site (www.travelers.com) and
click on “SEC Filings” under the “Investors” heading.
Requests for additional information may be directed to:
The Travelers Companies, Inc.
One Tower Square
Hartford, CT 06183
Shareholder Relations Dept., 6 Plaza Bldg.
Attn: Marc Parr
860.277.0779
[e-mail]
Annual Shareholders’ Meeting
The annual shareholders’ meeting will be on Tuesday, May
5, 2009, at Travelers corporate offices at 385 Washington
Street, Saint Paul, Minn. We plan to send shareholders of
record at the close of business on March 6, 2009, a Notice
of Internet Availability of Proxy Materials in late March. The
notice provides instructions on where to access our Proxy
Statement and Annual Report as well as how to vote your
shares electronically. The notice also includes instructions
on how to request a printed copy of our proxy materials.
Stock Price and Dividend Rate
Our common stock is traded on The New York Stock
Exchange under the symbol “TRV”.
The following table sets forth the amount of cash dividends
declared per share and the high and low closing sales prices
of Travelers common stock for years 2008 and 2007.
Shareholders’ Information
© 2009 The Travelers Companies, Inc. All rights reserved. 59440 Ed. 3-09
Cash
Dividend
2008 High Low Declared
First Quarter $53.06 $44.92 $0.29
Second Quarter 52.15 43.40 0.30
Third Quarter 50.80 36.00 0.30
Fourth Quarter 45.20 30.50 0.30
2007
First Quarter $53.74 $49.59 $0.26
Second Quarter 56.76 51.85 0.29
Third Quarter 55.01 48.38 0.29
Fourth Quarter 55.18 50.05 0.29
CEO and CFO Certification
Travelers has filed with the SEC, as Exhibits 31.1 and 31.2 to
its 2008 Annual Report on Form 10-K, the certifications of
the company’s Chief Executive Officer and its Chief Financial
Officer required under Section 302 of the Sarbanes-Oxley Act
and SEC Rules 13a-14(a) and 15d-14(a) regarding Travelers
financial statements, disclosure controls and procedures and
other matters. In addition, following its 2008 annual meeting
of shareholders, Travelers submitted to the NYSE the annual
certification of the company’s Chief Executive Officer, as
required under Section 303A.12(a) of the NYSE Listed
Company Manual, which certified that the company’s Chief
Executive Officer was not aware of any violation by Travelers
of the NYSE’s corporate governance listing standards.
Additional Information
We have included the following table to provide a reconcilia-
tion of the following items used in this Annual Report:
(i) operating income to net income, (ii) adjusted common
shareholders’ equity to common shareholders’ equity, which
are components of the operating return on equity and return
on equity ratios, respectively, and (iii) adjusted book value
per share to book value per share.
Twelve months ended Dec. 31,
(Dollar amounts in millions; after-tax) 2008 2007 2006 2005
Reconciliation of operating income
to net income
Operating income $3,195 $4,500 $4,200 $2,026
Net realized investment gains (losses) (271) 101 8 35
Income from continuing operations 2,924 4,601 4,208 2,061
Discontinued operations –– – (439)
Net income $2,924 $4,601 $4,208 $1,622
(Dollar amounts in millions, As of Dec. 31,
except per share amounts) 2008 2007 2006 2005
Reconciliation of adjusted common
shareholders’ equity to common
shareholders’ equity
Adjusted common
shareholders’ equity $25,374 $25,884 $24,553 $21,823
Net unrealized investment gains
(losses), net of tax (144) 620 453 327
Common shareholders’ equity $25,230 $26,504 $25,006 $22,150
Return on equity 11.4% 18.0% 17.9% 7.5%
Operating return on equity 12.4% 17.7% 17.9% 9.6%
Reconciliation of adjusted book value
per share to book value per share
Adjusted book value per share,
at period end $ 43.37
Net unrealized investment gains
(losses), net of tax (0.25)
Book value per share, at period end $ 43.12