Travelers 2013 Annual Report Download - page 194

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
2. SEGMENT INFORMATION (Continued)
The following tables summarize the components of the Company’s revenues, operating income
(loss), net written premiums and total assets by reportable business segments:
Financial,
Professional & Total
Business International Personal Reportable
(for the year ended December 31, in millions) Insurance Insurance Insurance Segments
2013
Premiums .................................. $12,084 $3,229 $7,324 $22,637
Net investment income ........................ 1,975 372 369 2,716
Fee income ................................. 393 2 — 395
Other revenues .............................. 158 22 103 283
Total operating revenues(1) .................... $14,610 $3,625 $7,796 $26,031
Amortization and depreciation ................... $ 2,445 $ 779 $1,461 $ 4,685
Income tax expense ........................... 740 245 366 1,351
Operating income(1) .......................... 2,329 648 838 3,815
2012
Premiums .................................. $11,691 $3,045 $7,621 $22,357
Net investment income ........................ 2,090 395 404 2,889
Fee income ................................. 322 1 — 323
Other revenues .............................. 40 26 66 132
Total operating revenues(1) .................... $14,143 $3,467 $8,091 $25,701
Amortization and depreciation ................... $ 2,393 $ 731 $1,602 $ 4,726
Income tax expense ........................... 539 255 32 826
Operating income(1) .......................... 1,843 642 217 2,702
2011
Premiums .................................. $11,327 $3,174 $7,589 $22,090
Net investment income ........................ 2,041 414 424 2,879
Fee income ................................. 295 1 — 296
Other revenues .............................. 31 26 70 127
Total operating revenues(1) .................... $13,694 $3,615 $8,083 $25,392
Amortization and depreciation ................... $ 2,313 $ 740 $1,615 $ 4,668
Income tax expense (benefit) .................... 134 230 (293) 71
Operating income (loss)(1) ...................... 1,354 647 (332) 1,669
(1) Operating revenues for reportable business segments exclude net realized investment gains (losses).
Operating income (loss) for reportable business segments equals net income (loss) excluding the
after-tax impact of net realized investment gains (losses).
184