Travelers 2013 Annual Report Download - page 283

SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF INCOME
For the year ended December 31, 2013 2012 2011
Revenues
Net investment income ....................................... $7$9$8
Net realized investment gains (losses)(1) ........................... 2—(5)
Other revenues ............................................. —(1) —
Total revenues ............................................ 983
Expenses
Interest .................................................. 308 305 313
Other .................................................... 13 427
Total expenses ............................................ 321 309 340
Loss before income taxes and net income of subsidiaries ............... (312) (301) (337)
Income tax benefit .......................................... (170) (119) (199)
Loss before net income of subsidiaries ............................ (142) (182) (138)
Net income of subsidiaries ..................................... 3,815 2,655 1,564
Net income ................................................ $3,673 $2,473 $1,426
(1) The parent company had no other-than-temporary impairment gains or losses recognized in net
realized investment gains (losses) or in other comprehensive income during the years ended
December 31, 2013, 2012 and 2011.
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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