Travelers 2011 Annual Report Download - page 82

Item 6. SELECTED FINANCIAL DATA
At and for the year ended December 31,
2011 2010 2009 2008 2007
(in millions, except per share amounts)
Total revenues ........................ $ 25,446 $ 25,112 $ 24,680 $ 24,477 $ 26,017
Net income .......................... $ 1,426 $ 3,216 $ 3,622 $ 2,924 $ 4,601
Total investments ...................... $ 72,701 $ 72,722 $ 74,965 $ 70,738 $ 74,818
Total assets .......................... 104,602 105,656 110,035 110,107 115,699
Claims and claim adjustment expense reserves . 51,419 51,606 53,602 55,198 58,175
Total long-term debt .................... 6,255 6,502 6,154 5,939 5,590
Total liabilities ........................ 80,125 80,181 82,620 84,788 89,083
Total shareholders’ equity ................ 24,477 25,475 27,415 25,319 26,616
Net income per share(1):
Basic ............................... $ 3.40 $ 6.69 $ 6.38 $ 4.87 $ 7.00
Diluted ............................. $ 3.36 $ 6.62 $ 6.33 $ 4.81 $ 6.85
Year-end common shares outstanding ....... 392.8 434.6 520.3 585.1 627.8
Per common share amounts:
Cash dividends ........................ $ 1.59 $ 1.41 $ 1.23 $ 1.19 $ 1.13
Book value .......................... $ 62.32 $ 58.47 $ 52.54 $ 43.12 $ 42.22
(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 and $0.04 per share for the years ended December 31,
2008 and 2007, respectively, and a reduction of previously reported diluted earnings per share by
$0.01 for each of the years ended December 31, 2008 and 2007.
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