Travelers 2013 Annual Report Download - page 233

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 components of the Company’s other comprehensive income
(loss) and the related income tax expense (benefit) for the years ended December 31, 2013, 2012 and
2011.
(for the year ended December 31, in millions) 2013 2012 2011
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of income $(2,734) $281 $1,570
Income tax expense (benefit) .................................. (951) 102 560
Net of taxes ............................................ (1,783) 179 1,010
Having credit losses recognized in the consolidated statement of income . . 381 4
Income tax expense ......................................... 128 2
Net of taxes ............................................ 253 2
Net changes in benefit plan assets and obligations .................... 647 (69) (307)
Income tax expense (benefit) ................................... 221 (23) (106)
Net of taxes ............................................ 426 (46) (201)
Net changes in unrealized foreign currency translation ................. (112) 43 (90)
Income tax expense (benefit) ................................... (41) (2) (29)
Net of taxes ............................................ (71) 45 (61)
Total other comprehensive income (loss) ........................ (2,196) 336 1,177
Total income tax expense (benefit) ............................ (770) 105 427
Total other comprehensive income (loss), net of taxes ............. $(1,426) $231 $ 750
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