Travelers 2013 Annual Report Download - page 234

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 and related income tax expense (benefit) components of
the amounts reclassified from the Company’s AOCI to the Company’s consolidated statement of
income for the years ended December 31, 2013, 2012 and 2011.
(for the year ended December 31, in millions) 2013 2012 2011
Reclassification adjustments related to unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of income(1) . $ (66) $(75) $(125)
Income tax expense(2) ......................................... (23) (26) (44)
Net of taxes ............................................... (43) (49) (81)
Having credit losses recognized in the consolidated statement of income(1) . . . 5816
Income tax benefit(2) .......................................... 136
Net of taxes ............................................... 4510
Reclassification adjustment related to benefit plan assets and obligations(3) .... 105 88 76
Income tax benefit(2) ............................................ 37 30 26
Net of taxes ............................................... 68 58 50
Reclassification adjustment related to foreign currency translation(1) ......... 8——
Income tax benefit(2) ............................................ ———
Net of taxes ............................................... 8——
Total reclassifications ......................................... 52 21 (33)
Total income tax benefit (expense) ............................... 15 7 (12)
Total reclassifications, net of taxes ............................. $37 $ 14 $ (21)
(1) (Increases) decreases net realized investment gains on the consolidated statement of income.
(2) (Increases) decreases income tax expense on the consolidated statement of income.
(3) Increases (decreases) general and administrative expenses on the consolidated statement of
income.
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