Travelers 2014 Annual Report Download - page 277

Table of Contents
SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF INCOME
The condensed financial statements should be read in conjunction with the notes to the condensed financial information of the registrant, as
well as the consolidated financial statements and notes thereto.
See the accompanying Report of Independent Registered Public Accounting Firm.
273
For the year ended December 31,
2014
2013
2012
Revenues
Net investment income
$
6
$
7
$
9
Net realized investment gains(1)
3
2
—
Other revenues
—
—
( 1
)
Total revenues
9
9
8
Expenses
Interest
321
308
305
Other
15
13
4
Total expenses
336
321
309
Loss before income taxes and net income of subsidiaries
(327
)
(312
)
(301
)
Income tax benefit
(115
)
(170
)
(119
)
Loss before net income of subsidiaries
(212
)
(142
)
(182
)
Net income of subsidiaries
3,904
3,815
2,655
Net income
$
3,692
$
3,673
$
2,473
(1) The parent company had no other - than - temporary impairment gains or losses recognized in net realized investment gains or
in other comprehensive income during the years ended December 31, 2014, 2013 and 2012.