Travelers 2014 Annual Report Download - page 252

Table of Contents
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES (Continued)
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (Unaudited)
For the year ended December 31, 2014
251
(in millions)
TPC
Other
Subsidiaries
Travelers(1)
Eliminations
Consolidated
Net income
$
2,780
$
1,124
$
3,692
$
(3,904
)
$
3,692
Other comprehensive income
(loss):
Changes in net unrealized gains on
investment securities:
Having no credit losses
recognized in the
consolidated statement of
income
681
289
6
—
976
Having credit losses recognized
in the consolidated statement
of income
9
(7
)
—
—
2
Net changes in benefit plan assets
and obligations
(15
)
(8
)
(471
)
—
( 494
)
Net changes in unrealized foreign
currency translation
(173
)
(116
)
—
—
( 289
)
Other comprehensive income
(loss) before income taxes
and other comprehensive
income of subsidiaries
502
158
(465
)
—
195
Income tax expense (benefit)
207
81
(163
)
—
125
Other comprehensive income
(loss), net of taxes, before
other comprehensive
income of subsidiaries
295
77
(302
)
—
70
Other comprehensive income of
subsidiaries
—
—
372
(372
)
—
Other comprehensive income
295
77
70
(372
)
70
Comprehensive income
$
3,075
$
1,201
$
3,762
$
(4,276
)
$
3,762
(1) The Travelers Companies, Inc., excluding its subsidiaries.