Travelers 2011 Annual Report Download - page 190

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
2. SEGMENT INFORMATION (Continued)
The following tables summarize the components of the Company’s revenues, operating income and
total assets by reportable business segments:
Financial,
Professional & Total
Business International Personal Reportable
(for the year ended December 31, in millions) Insurance Insurance Insurance Segments
2011
Premiums .................................. $11,327 $3,174 $7,589 $22,090
Net investment income ........................ 2,041 414 424 2,879
Fee income ................................. 295 1 — 296
Other revenues .............................. 31 26 70 127
Total operating revenues(1) .................... $13,694 $3,615 $8,083 $25,392
Amortization and depreciation ................... $ 2,313 $ 740 $1,615 $ 4,668
Income tax expense (benefit) .................... 134 230 (293) 71
Operating income (loss)(1) ...................... 1,354 647 (332) 1,669
2010
Premiums .................................. $10,766 $3,317 $7,349 $21,432
Net investment income ........................ 2,156 439 464 3,059
Fee income ................................. 285 2 — 287
Other revenues .............................. 28 27 75 130
Total operating revenues(1) .................... $13,235 $3,785 $7,888 $24,908
Amortization and depreciation ................... $ 2,253 $ 754 $1,601 $ 4,608
Income tax expense ........................... 777 245 134 1,156
Operating income(1) .......................... 2,301 620 440 3,361
2009
Premiums .................................. $10,968 $3,333 $7,117 $21,418
Net investment income ........................ 1,902 452 422 2,776
Fee income ................................. 306 — — 306
Other revenues .............................. 42 27 84 153
Total operating revenues(1) .................... $13,218 $3,812 $7,623 $24,653
Amortization and depreciation ................... $ 2,279 $ 763 $1,567 $ 4,609
Income tax expense ........................... 850 222 198 1,270
Operating income(1) .......................... 2,590 642 601 3,833
(1) Operating revenues for reportable business segments exclude net realized investment gains (losses).
Operating income for reportable business segments equals net income excluding the after-tax
impact of net realized investment gains (losses).
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