Travelers 2015 Annual Report Download - page 256
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THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
19. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)
First Second Third Fourth
2015 (in millions, except per share amounts) Quarter Quarter Quarter Quarter Total
Total revenues ............................... $6,626 $6,706 $6,794 $6,674 $26,800
Total expenses ............................... 5,478 5,630 5,487 5,465 22,060
Income before income taxes ..................... 1,148 1,076 1,307 1,209 4,740
Income tax expense ........................... 315 264 379 343 1,301
Net income ................................. $ 833 $ 812 $ 928 $ 866 $ 3,439
Net income per share(1):
Basic .................................... $ 2.58 $ 2.56 $ 3.00 $ 2.87 $ 10.99
Diluted ................................... 2.55 2.53 2.97 2.83 10.88
First Second Third Fourth
2014 (in millions, except per share amounts) Quarter Quarter Quarter Quarter Total
Total revenues ............................... $6,708 $6,785 $6,886 $6,783 $27,162
Total expenses ............................... 5,238 5,884 5,628 5,323 22,073
Income before income taxes ..................... 1,470 901 1,258 1,460 5,089
Income tax expense ........................... 418 218 339 422 1,397
Net income ................................. $1,052 $ 683 $ 919 $1,038 $ 3,692
Net income per share(1):
Basic .................................... $ 2.98 $ 1.98 $ 2.72 $ 3.15 $ 10.82
Diluted ................................... 2.95 1.95 2.69 3.11 10.70
(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full
year.
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