Travelers 2012 Annual Report Download - page 281

SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2012 2011 2010
Consolidated net income ...................................... $2,473 $1,426 $3,216
Other comprehensive income—parent company:
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of
income ................................................ 10 (2) 1
Having credit losses recognized in the consolidated statement of income . . ———
Net changes in benefit plan assets and obligations .................... (58) (303) 33
Net changes in unrealized foreign currency translation and other changes . . . ———
Other comprehensive income (loss) before income taxes and other
comprehensive income of subsidiaries ....................... (48) (305) 34
Income tax expense (benefit) ................................... (17) (106) 11
Other comprehensive income (loss), net of taxes before other
comprehensive income of subsidiaries ....................... (31) (199) 23
Other comprehensive income of subsidiaries .................... 262 949 13
Consolidated other comprehensive income ...................... 231 750 36
Consolidated comprehensive income .......................... $2,704 $2,176 $3,252
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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