Travelers 2014 Annual Report Download - page 227
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Table of Contents
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
11. EARNINGS PER SHARE (Continued)
The following is a reconciliation of the income and share data used in the basic and diluted earnings per share computations:
226
(for the year ended December 31, in millions, except per share amounts)
2014
2013
2012
Basic and Diluted
Net income, as reported
$
3,692
$
3,673
$
2,473
Participating share
-
based awards—allocated income
(27
)
(27
)
(19
)
Net income available to common shareholders—basic and diluted
$
3,665
$
3,646
$
2,454
Common Shares
Basic
Weighted average shares outstanding
338.8
370.3
386.2
Diluted
Weighted average shares outstanding
338.8
370.3
386.2
Weighted average effects of dilutive securities:
Stock options and performance shares
3.7
4.0
3.6
Total
342.5
374.3
389.8
Net income Per Common Share
Basic
$
10.82
$
9.84
$
6.35
Diluted
$
10.70
$
9.74
$
6.30