Travelers 2009 Annual Report Download - page 279

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, 2009 2008 2007
Revenues
Net investment income ....................................... $24$52$78
Net realized investment gains................................... 128 27 17
Other revenues............................................. —512
Total revenues ............................................ 152 84 107
Expenses
Interest .................................................. 311 297 260
Other.................................................... (3) 32 50
Total expenses ............................................ 308 329 310
Loss before income taxes and equity in net income of subsidiaries ........ (156) (245) (203)
Income tax expense (benefit)................................... (95) 13 (47)
Loss before equity in net income of subsidiaries ..................... (61) (258) (156)
Equity in net income of subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,683 3,182 4,757
Net income ................................................ $3,622 $2,924 $4,601
For the year ended December 31, 2009 2008 2007
Net Realized Investment Gains (Losses)
Other-than-temporary impairment losses:
Total losses .............................................. $ (1) $(5)$—
Portion of losses recognized in accumulated other changes in equity from
nonowner sources........................................ ———
Other-than-temporary impairment losses . . . . . . . . . . . . . . . . . . . . . . . (1) (5) —
Other net realized investment gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129 32 17
Net realized investment gains ................................. $ 128 $27$17
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.
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