Travelers 2014 Annual Report Download - page 253

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, 2013
252
(in millions)
TPC
Other
Subsidiaries
Travelers(1)
Eliminations
Consolidated
Net income
$
2,771
$
1,044
$
3,673
$
(3,815
)
$
3,673
Other comprehensive income
(loss):
Changes in net unrealized gains
on investment securities:
Having no credit losses
recognized in the
consolidated statement of
income
(1,982
)
(771
)
19
—
( 2,734
)
Having credit losses
recognized in the
consolidated statement of
income
4
(1
)
—
—
3
Net changes in benefit plan
assets and obligations
12
19
616
—
647
Net changes in unrealized foreign
currency translation
(92
)
(20
)
—
—
( 112
)
Other comprehensive
income (loss) before
income taxes and other
comprehensive loss of
subsidiaries
(2,058
)
(773
)
635
—
( 2,196
)
Income tax expense (benefit)
(719
)
(273
)
222
—
( 770
)
Other comprehensive
income (loss), net of
taxes, before other
comprehensive loss of
subsidiaries
(1,339
)
(500
)
413
—
( 1,426
)
Other comprehensive loss of
subsidiaries
—
—
( 1,839
)
1,839
—
Other comprehensive loss
(1,339
)
(500
)
(1,426
)
1,839
(1,426
)
Comprehensive income
$
1,432
$
544
$
2,247
$
(1,976
)
$
2,247
(1) The Travelers Companies, Inc., excluding its subsidiaries.