Travelers 2005 Annual Report Download - page 241

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SCHEDULE II
THE ST. PAUL TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF INCOME (LOSS)
For the period ended December 31,* 2005 2004 2003
Revenues
Net investment income. .............................................. $ 21 $ 6 $ 2
Net realized investment gains (losses).................................. 3 (75 ) —
Other revenues ..................................................... 11 3 8
Total revenues.................................................... 35
(66 ) 10
Expenses
Interest............................................................ 146 99 107
Other .............................................................. 32 52 4
Total expenses .................................................... 178 151 111
Loss from continuing operations before income taxes and equity in net
income of subsidiaries ............................................. (143 )(217 ) (101)
Income tax benefit................................................... (27 )(72 ) (36)
Loss from continuing operations before equity in net income of subsidiaries (116 )(145 ) (65)
Equity in net income of subsidiaries, net of minority interest.............. 2,215 1,027 1,761
Incomefrom continuing operations.................................... 2,099 882 1,696
Discontinued operations............................................. (477 )73 —
Net income......................................................... $1,622
$955 $1,696
*Data for 2005 represents results of The St. Paul Travelers Companies, Inc. (parent company only) for
the year ended December 31, 2005. Data for 2004 represents results of The St. Paul Travelers
Companies, Inc. (parent company only) for the nine-month period from the merger date of April 1,
2004 throughDecember 31, 2004. Data for 2003 represents historical data for Travelers Property
Casualty Corp. (parent company only) for the twelve months ended December 31, 2003.
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto.