Travelers 2012 Annual Report Download - page 280

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, 2012 2011 2010
Revenues
Net investment income ....................................... $9$8$11
Net realized investment gains (losses)(1) ........................... —(5) 7
Other revenues ............................................. (1) — (60)
Total revenues ............................................ 83 (42)
Expenses
Interest .................................................. 305 313 315
Other .................................................... 427 14
Total expenses ............................................ 309 340 329
Loss before income taxes and net income of subsidiaries ............... (301) (337) (371)
Income tax benefit .......................................... (119) (199) (90)
Loss before net income of subsidiaries ............................ (182) (138) (281)
Net income of subsidiaries ..................................... 2,655 1,564 3,497
Net income ................................................ $2,473 $1,426 $3,216
(1) The parent company had no other-than-temporary impairment gains or losses recognized in net
realized investment gains (losses) or in other comprehensive income during the years ended
December 31, 2012, 2011 and 2010.
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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