Travelers 2012 Annual Report Download - page 259

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND
SUBSIDIARIES (Continued)
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (Unaudited)
For the year ended December 31, 2011
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Net income ........................ $1,182 $382 $1,426 $(1,564) $1,426
Other comprehensive income:
Changes in net unrealized gains on
investment securities:
Having no credit losses recognized in the
consolidated statement of income .... 1,100 472 (2) — 1,570
Having credit losses recognized in the
consolidated statement of income .... (10) 14 — — 4
Net changes in benefit plan assets and
obligations ....................... (5) 1 (303) — (307)
Net changes in unrealized foreign currency
translation and other changes ......... (76) (14) — — (90)
Other comprehensive income (loss)
before income taxes and other
comprehensive income of
subsidiaries .................. 1,009 473 (305) — 1,177
Income tax expense (benefit) ........... 356 177 (106) — 427
Other comprehensive income (loss),
net of taxes, before other
comprehensive income of
subsidiaries .................. 653 296 (199) — 750
Other comprehensive income of subsidiaries — — 949 (949) —
Other comprehensive income ....... 653 296 750 (949) 750
Comprehensive income ............ $1,835 $678 $2,176 $(2,513) $2,176
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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