Travelers 2011 Annual Report Download - page 275

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, 2011 2010 2009
Revenues
Net investment income ....................................... $8$11$24
Net realized investment gains (losses) ............................. (5) 7 128
Other revenues ............................................. —(60) —
Total revenues ............................................ 3(42) 152
Expenses
Interest .................................................. 313 315 311
Other .................................................... 27 14 (3)
Total expenses ............................................ 340 329 308
Loss before income taxes and equity in net income of subsidiaries ........ (337) (371) (156)
Income tax benefit .......................................... (199) (90) (95)
Loss before equity in net income of subsidiaries ..................... (138) (281) (61)
Equity in net income of subsidiaries .............................. 1,564 3,497 3,683
Net income ................................................ $1,426 $3,216 $3,622
For the year ended December 31, 2011 2010 2009
Net Realized Investment Gains (Losses)
Other-than-temporary impairment losses:
Total losses .............................................. $—$—$(1)
Non-credit component of impairments recognized in accumulated other
changes in equity from nonowner sources ...................... ———
Other-than-temporary impairment losses ....................... ——(1)
Other net realized investment gains (losses) ........................ (5) 7 129
Net realized investment gains (losses) ........................... $ (5) $ 7 $ 128
The condensed financial statements should be read in conjunction with the notes to the condensed
financial information of the registrant, as well as the consolidated financial statements and notes
thereto.
See the accompanying Report of Independent Registered Public Accounting Firm.
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