Travelers 2014 Annual Report Download - page 226

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 and related income tax (expense) benefit components of the amounts reclassified from the Company's
AOCI to the Company's consolidated statement of income for the years ended December 31, 2014, 2013 and 2012.
11. EARNINGS PER SHARE
Basic earnings per share was computed by dividing income available to common shareholders by the weighted average number of common
shares outstanding during the period. The computation of diluted earnings per share reflected the effect of potentially dilutive securities.
225
(for the year ended December 31, in millions)
2014
2013
2012
Reclassification adjustments related to unrealized gains on investment
securities:
Having no credit losses recognized in the consolidated statement of
income(1)
$
(36
)
$
(66
)
$
(75
)
Income tax expense(2)
(12
)
(23
)
(26
)
Net of taxes
(24
)
(43
)
(49
)
Having credit losses recognized in the consolidated statement of income
(1)
4
5
8
Income tax benefit(2)
1
1
3
Net of taxes
3
4
5
Reclassification adjustment related to benefit plan assets and obligations(3)
60
105
88
Income tax benefit(2)
21
37
30
Net of taxes
39
68
58
Reclassification adjustment related to foreign currency translation(1)
—
8
—
Income tax benefit(2)
—
—
—
Net of taxes
—
8
—
Total reclassifications
28
52
21
Total income tax benefit
10
15
7
Total reclassifications, net of taxes
$
18
$
37
$
14
(1) (Increases) decreases net realized investment gains on the consolidated statement of income.
(2) (Increases) decreases income tax expense on the consolidated statement of income.
(3) Increases (decreases) general and administrative expenses on the consolidated statement of income.