Travelers 2010 Annual Report Download - page 258
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THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)
First Second Third Fourth
2010 (in millions, except per share amounts) Quarter Quarter Quarter Quarter Total
Total revenues ............................... $6,119 $6,179 $6,482 $6,332 $25,112
Total expenses ............................... 5,262 5,298 5,111 5,135 20,806
Income before income taxes ..................... 857 881 1,371 1,197 4,306
Income tax expense ........................... 210 211 366 303 1,090
Net income ................................. $ 647 $ 670 $1,005 $ 894 $ 3,216
Net income per share:(1)
Basic .................................... $ 1.26 $ 1.37 $ 2.14 $ 1.98 $ 6.69
Diluted ................................... 1.25 1.35 2.11 1.95 6.62
First Second Third Fourth
2009 (in millions, except per share amounts) Quarter Quarter Quarter Quarter Total
Total revenues ............................... $5,735 $6,162 $6,327 $6,456 $24,680
Total expenses ............................... 5,008 5,221 5,077 4,663 19,969
Income before income taxes ..................... 727 941 1,250 1,793 4,711
Income tax expense (benefit) ..................... 65 201 315 508 1,089
Net income ................................. $ 662 $ 740 $ 935 $1,285 $ 3,622
Net income per share:(1)
Basic .................................... $ 1.12 $ 1.27 $ 1.66 $ 2.39 $ 6.38
Diluted ................................... 1.11 1.27 1.65 2.36 6.33
(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full
year.
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