Travelers 2014 Annual Report Download - page 278

Table of Contents
SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF COMPREHENSIVE 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.
274
For the year ended December 31,
2014
2013
2012
Consolidated net income
$
3,692
$
3,673
$
2,473
Other comprehensive income— parent company:
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement
of income
6
19
10
Having credit losses recognized in the consolidated statement of
income
—
—
—
Net changes in benefit plan assets and obligations
(471
)
616
(58
)
Other comprehensive income (loss) before income taxes and
other comprehensive income (loss) of subsidiaries
(465
)
635
(48
)
Income tax expense (benefit)
(163
)
222
(17
)
Other comprehensive income (loss), net of taxes, before other
comprehensive income (loss) of subsidiaries
(302
)
413
(31
)
Other comprehensive income (loss) of subsidiaries
372
(1,839
)
262
Consolidated other comprehensive income (loss)
70
(1,426
)
231
Consolidated comprehensive income
$
3,762
$
2,247
$
2,704