Travelers 2012 Annual Report Download - page 230

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 and related income tax expense (benefit) components of
the amounts reclassified from the Company’s accumulated other comprehensive income to the
Company’s consolidated statement of income for the years ended December 31, 2012, 2011 and 2010.
(for the year ended December 31, in millions) 2012 2011 2010
Reclassification adjustments related to net pretax unrealized gains on investment
securities:
Having no credit losses recognized in the consolidated statement of income . . $(75) $(125) $(318)
Income tax expense ........................................... (26) (44) (111)
Net of taxes ............................................... (49) (81) (207)
Having credit losses recognized in the consolidated statement of income .... 816 9
Income tax benefit ........................................... 363
Net of taxes ............................................... 510 6
Reclassification adjustment related to benefit plan assets and obligations ...... 88 76 57
Income tax benefit ............................................. 30 26 17
Net of taxes ............................................... 58 50 40
Total pretax reclassifications ................................... 21 (33) (252)
Total income tax expense ..................................... 7(12) (91)
Total reclassifications, net of taxes ............................ $14 $ (21) $(161)
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