Travelers 2014 Annual Report Download - page 225

Table of Contents
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
10. OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Continued)
The following table presents the pretax components of the Company's other comprehensive income (loss) and the related income tax expense
(benefit) for the years ended December 31, 2014, 2013 and 2012.
224
(for the year ended December 31, in millions)
2014
2013
2012
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of
income
$
976
$
(2,734
)
$
281
Income tax expense (benefit)
333
(951
)
102
Net of taxes
643
(1,783
)
179
Having credit losses recognized in the consolidated statement of
income
2
3
81
Income tax expense
1
1
28
Net of taxes
1
2
53
Net changes in benefit plan assets and obligations
(494
)
647
(69
)
Income tax expense (benefit)
(170
)
221
(23
)
Net of taxes
(324
)
426
(46
)
Net changes in unrealized foreign currency translation
(289
)
(112
)
43
Income tax benefit
(39
)
(41
)
(2
)
Net of taxes
(250
)
(71
)
45
Total other comprehensive income (loss)
195
(2,196
)
336
Total income tax expense (benefit)
125
(770
)
105
Total other comprehensive income (loss), net of taxes
$
70
$
(1,426
)
$
231