Travelers 2015 Annual Report Download - page 224
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THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
11. EARNINGS PER SHARE (Continued)
The following is a reconciliation of the income and share data used in the basic and diluted
earnings per share computations:
(for the year ended December 31, in millions, except per share amounts) 2015 2014 2013
Basic and Diluted
Net income, as reported ...................................... $3,439 $3,692 $3,673
Participating share-based awards—allocated income .................. (25) (27) (27)
Net income available to common shareholders—basic and diluted ..... $3,414 $3,665 $3,646
Common Shares
Basic
Weighted average shares outstanding ............................. 310.6 338.8 370.3
Diluted
Weighted average shares outstanding ............................. 310.6 338.8 370.3
Weighted average effects of dilutive securities:
Stock options and performance shares ........................... 3.3 3.7 4.0
Total ............................................... 313.9 342.5 374.3
Net income Per Common Share
Basic .................................................... $10.99 $10.82 $ 9.84
Diluted ................................................... $10.88 $10.70 $ 9.74
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