Travelers 2013 Annual Report Download - page 262

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND
SUBSIDIARIES (Continued)
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (Unaudited)
For the year ended December 31, 2012
Other
(in millions) TPC Subsidiaries Travelers(1) Eliminations Consolidated
Net income ........................ $1,857 $798 $2,473 $(2,655) $2,473
Other comprehensive income:
Changes in net unrealized gains on
investment securities:
Having no credit losses recognized in the
consolidated statement of income .... 248 23 10 — 281
Having credit losses recognized in the
consolidated statement of income .... 57 24 — — 81
Net changes in benefit plan assets and
obligations ....................... (6) (5) (58) — (69)
Net changes in unrealized foreign currency
translation ....................... (19) 62 — — 43
Other comprehensive income (loss)
before income taxes and other
comprehensive income of
subsidiaries .................. 280 104 (48) — 336
Income tax expense (benefit) ........... 101 21 (17) — 105
Other comprehensive income (loss),
net of taxes, before other
comprehensive income of
subsidiaries .................. 179 83 (31) — 231
Other comprehensive income of subsidiaries — — 262 (262) —
Other comprehensive income ....... 179 83 231 (262) 231
Comprehensive income ............ $2,036 $881 $2,704 $(2,917) $2,704
(1) The Travelers Companies, Inc., excluding its subsidiaries.
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