Travelers 2010 Annual Report Download - page 80

Item 6. SELECTED FINANCIAL DATA
At and for the year ended December 31,
2010 2009 2008 2007 2006
(in millions, except per share amounts)
Total revenues ........................ $ 25,112 $ 24,680 $ 24,477 $ 26,017 $ 25,090
Net income .......................... $ 3,216 $ 3,622 $ 2,924 $ 4,601 $ 4,208
Total investments ...................... $ 72,722 $ 74,965 $ 70,738 $ 74,818 $ 72,268
Total assets .......................... 105,181 109,560 109,632 115,224 115,292
Claims and claim adjustment expense reserves . 51,131 53,127 54,723 57,700 59,288
Total long-term debt .................... 6,502 6,154 5,939 5,590 4,646
Total liabilities ........................ 79,706 82,145 84,313 88,608 90,157
Total shareholders’ equity ................ 25,475 27,415 25,319 26,616 25,135
Net income per share(1):
Basic ............................... $ 6.69 $ 6.38 $ 4.87 $ 7.00 $ 6.07
Diluted ............................. $ 6.62 $ 6.33 $ 4.81 $ 6.85 $ 5.89
Year-end common shares outstanding ....... 434.6 520.3 585.1 627.8 678.3
Per common share amounts:
Cash dividends ........................ $ 1.41 $ 1.23 $ 1.19 $ 1.13 $ 1.01
Book value .......................... $ 58.47 $ 52.54 $ 43.12 $ 42.22 $ 36.86
(1) On January 1, 2009, the Company adopted the FASB’s updated accounting guidance related to
earnings per share. The impact of the adoption of this guidance was a reduction of previously
reported basic earnings per share by $0.03, $0.04 and $0.05 per share for the years ended
December 31, 2008, 2007 and 2006, respectively, and a reduction of previously reported diluted
earnings per share by $0.01, $0.01 and $0.02 per share for the years ended December 31, 2008,
2007 and 2006, respectively.
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