Travelers 2013 Annual Report Download - page 284

SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
For the year ended December 31, 2013 2012 2011
Consolidated net income ..................................... $ 3,673 $2,473 $1,426
Other comprehensive income—parent company:
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of
income ............................................... 19 10 (2)
Having credit losses recognized in the consolidated statement of income . ———
Net changes in benefit plan assets and obligations ................... 616 (58) (303)
Other comprehensive income (loss) before income taxes and other
comprehensive income (loss) of subsidiaries .................. 635 (48) (305)
Income tax expense (benefit) .................................. 222 (17) (106)
Other comprehensive income (loss), net of taxes, before other
comprehensive income (loss) of subsidiaries .................. 413 (31) (199)
Other comprehensive income (loss) of subsidiaries ............... (1,839) 262 949
Consolidated other comprehensive income (loss) ................. (1,426) 231 750
Consolidated comprehensive income .......................... $ 2,247 $2,704 $2,176
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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