Travelers 2015 Annual Report Download - page 223

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 and related income tax (expense) benefit components of
the amounts reclassified from the Company’s AOCI to the Company’s consolidated statement of
income.
(for the year ended December 31, in millions) 2015 2014 2013
Reclassification adjustments related to unrealized gains on investment securities:
Having no credit losses recognized in the consolidated statement of income(1) . $(42) $(36) $(66)
Income tax expense(2) .......................................... (15) (12) (23)
Net of taxes ................................................ (27) (24) (43)
Having credit losses recognized in the consolidated statement of income(1) .... 245
Income tax benefit(2) ........................................... —11
Net of taxes ................................................ 234
Reclassification adjustment related to benefit plan assets and obligations(3) ..... 93 60 105
Income tax benefit(2) ............................................ 33 21 37
Net of taxes ................................................ 60 39 68
Reclassification adjustment related to foreign currency translation(1) .......... 26 —8
Income tax benefit(2) ............................................ 9——
Net of taxes ................................................ 17 —8
Total reclassifications ......................................... 79 28 52
Total income tax benefit ....................................... 27 10 15
Total reclassifications, net of taxes .............................. $52 $18 $ 37
(1) (Increases) decreases net realized investment gains on the consolidated statement of income.
(2) (Increases) decreases income tax expense on the consolidated statement of income.
(3) Increases (decreases) general and administrative expenses on the consolidated statement of
income.
11. EARNINGS PER SHARE
Basic earnings per share was computed by dividing income available to common shareholders by
the weighted average number of common shares outstanding during the period. The computation of
diluted earnings per share reflected the effect of potentially dilutive securities.
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