Travelers 2015 Annual Report Download - page 2
Download and view the complete annual report
Please find page 2 of the 2015 Travelers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
 |
 |
The Travelers Companies, Inc.
Annual Report on Form 10-K
For Fiscal Year Ended December 31, 2015
TABLE OF CONTENTS
Item Number Page
Part I
1. Business ....................................................... 3
1A. Risk Factors .................................................... 49
1B. Unresolved Staff Comments ......................................... 73
2. Properties ...................................................... 73
3. Legal Proceedings ................................................ 74
4. Mine Safety Disclosures ............................................ 74
Part II
5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer
Purchases of Equity Securities ..................................... 74
6. Selected Financial Data ............................................ 77
7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations ................................................... 78
7A. Quantitative and Qualitative Disclosures About Market Risk ................. 158
8. Financial Statements and Supplementary Data ........................... 161
9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure .................................................... 257
9A. Controls and Procedures ........................................... 257
9B. Other Information ................................................ 260
Part III
10. Directors, Executive Officers and Corporate Governance .................... 261
11. Executive Compensation ........................................... 263
12. Security Ownership of Certain Beneficial Owners and Management and Related
Shareholder Matters ............................................ 263
13. Certain Relationships and Related Transactions, and Director Independence ...... 265
14. Principal Accountant Fees and Services ................................ 265
Part IV
15. Exhibits and Financial Statement Schedules ............................. 265
Signatures ...................................................... 266
Index to Consolidated Financial Statements and Schedules .................. 268
Exhibit Index ................................................... 278
2