Travelers 2014 Annual Report Download - page 167

Table of Contents
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(in millions)
The accompanying notes are an integral part of the consolidated financial statements.
166
For the year ended December 31,
2014
2013
2012
Net income
$
3,692
$
3,673
$
2,473
Other comprehensive income (loss):
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement
of income
976
(2,734
)
281
Having credit losses recognized in the consolidated statement of
income
2
3
81
Net changes in benefit plan assets and obligations
(494
)
647
(69
)
Net changes in unrealized foreign currency translation
(289
)
(112
)
43
Other comprehensive income (loss) before income taxes
195
(2,196
)
336
Income tax expense (benefit)
125
(770
)
105
Other comprehensive income (loss), net of taxes
70
(1,426
)
231
Comprehensive income
$
3,762
$
2,247
$
2,704