Travelers 2015 Annual Report Download - page 250

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND
SUBSIDIARIES (Continued)
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (Unaudited)
For the year ended December 31, 2013
Other
(in millions) TPC Subsidiaries TRV Eliminations Consolidated
Net income ......................... $2,771 $1,044 $ 3,673 $(3,815) $ 3,673
Other comprehensive income (loss):
Changes in net unrealized gains on
investment securities:
Having no credit losses recognized in the
consolidated statement of income ..... (1,982) (771) 19 — (2,734)
Having credit losses recognized in the
consolidated statement of income ..... 4 (1) — — 3
Net changes in benefit plan assets and
obligations ........................ 12 19 616 — 647
Net changes in unrealized foreign currency
translation ........................ (92) (20) — — (112)
Other comprehensive income (loss)
before income taxes and other
comprehensive loss of subsidiaries . . . (2,058) (773) 635 — (2,196)
Income tax expense (benefit) ............ (719) (273) 222 — (770)
Other comprehensive income (loss), net
of taxes, before other comprehensive
loss of subsidiaries .............. (1,339) (500) 413 — (1,426)
Other comprehensive loss of subsidiaries .... — — (1,839) 1,839 —
Other comprehensive loss ........... (1,339) (500) (1,426) 1,839 (1,426)
Comprehensive income ............. $1,432 $ 544 $ 2,247 $(1,976) $ 2,247
250