Travelers 2015 Annual Report Download - page 222

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
10. OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE
INCOME (Continued)
The following table presents the pretax components of the Company’s other comprehensive income
(loss) and the related income tax expense (benefit).
(for the year ended December 31, in millions) 2015 2014 2013
Changes in net unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of
income ............................................... $(1,020) $ 976 $(2,734)
Income tax expense (benefit) ................................. (352) 333 (951)
Net of taxes ........................................... (668) 643 (1,783)
Having credit losses recognized in the consolidated statement of income . (14) 23
Income tax expense (benefit) ................................. (5) 11
Net of taxes ........................................... (9) 12
Net changes in benefit plan assets and obligations ................... 66 (494) 647
Income tax expense (benefit) .................................. 24 (170) 221
Net of taxes ........................................... 42 (324) 426
Net changes in unrealized foreign currency translation ................ (461) (289) (112)
Income tax benefit .......................................... (59) (39) (41)
Net of taxes ........................................... (402) (250) (71)
Total other comprehensive income (loss) ...................... (1,429) 195 (2,196)
Total income tax expense (benefit) ........................... (392) 125 (770)
Total other comprehensive income (loss), net of taxes ........... $(1,037) $ 70 $(1,426)
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