Travelers 2012 Annual Report Download - page 229

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
10. OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE
INCOME (Continued)
The following table presents the pretax components of the Company’s other comprehensive income
and the related income tax expense (benefit) for the years ended December 31, 2012, 2011 and 2010.
(for the year ended December 31, in millions) 2012 2011 2010
Changes in net pretax unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of income . $281 $1,570 $(118)
Income tax expense (benefit) ................................... 102 560 (41)
Net of taxes .............................................. 179 1,010 (77)
Having credit losses recognized in the consolidated statement of income .... 81 4 123
Income tax expense .......................................... 28 243
Net of taxes .............................................. 53 280
Net pretax changes in benefit plan assets and obligations ................ (69) (307) 39
Income tax expense (benefit) ..................................... (23) (106) 12
Net of taxes .............................................. (46) (201) 27
Net pretax changes in unrealized foreign currency translation and other
changes ................................................... 43 (90) 12
Income tax expense (benefit) ..................................... (2) (29) 6
Net of taxes .............................................. 45 (61) 6
Total pretax other comprehensive income ........................ 336 1,177 56
Total income tax expense .................................... 105 427 20
Total other comprehensive income, net of taxes .................. $231 $ 750 $ 36
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