Travelers 2014 Annual Report Download - page 223
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Table of Contents
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
9. SHAREHOLDERS' EQUITY AND DIVIDEND AVAILABILITY (Continued)
TRV is not dependent on dividends or other forms of repatriation from its foreign operations to support its liquidity needs. The undistributed
earnings of the Company's foreign operations are not material and are intended to be permanently reinvested in those operations.
TRV and its two non
-
insurance holding company subsidiaries received $4.10 billion of dividends in 2014 from their U.S. insurance subsidiaries.
For the years ended December 31, 2014, 2013 and 2012, TRV declared cash dividends per common share of $2.15, $1.96 and $1.79, respectively,
and paid cash dividends of $729 million, $729 million and $694 milllion, respectively.
Statutory Net Income and Statutory Capital and Surplus
Statutory net income of the Company's domestic and international insurance subsidiaries was $3.97 billion, $4.18 billion and $2.84 billion for the
years ended December 31, 2014, 2013 and 2012, respectively. Statutory capital and surplus of the Company's domestic and international insurance
subsidiaries was $21.05 billion and $21.12 billion at December 31, 2014 and 2013, respectively.
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