TRAVELERS COMPANIES, INC. | 2013 | FY | 3


 

(for the year ended December 31, in millions)
  2013   2012   2011  

Reclassification adjustments related to unrealized gains on investment securities:

                   

Having no credit losses recognized in the consolidated statement of income(1)

  $ (66 ) $ (75 ) $ (125 )

Income tax expense(2)

    (23 )   (26 )   (44 )
               

Net of taxes

    (43 )   (49 )   (81 )
               

Having credit losses recognized in the consolidated statement of income(1)

    5     8     16  

Income tax benefit(2)

    1     3     6  
               

Net of taxes

    4     5     10  
               

Reclassification adjustment related to benefit plan assets and obligations(3)

    105     88     76  

Income tax benefit(2)

    37     30     26  
               

Net of taxes

    68     58     50  
               

Reclassification adjustment related to foreign currency translation(1)

    8          

Income tax benefit(2)

             
               

Net of taxes

    8          
               

Total reclassifications

    52     21     (33 )

Total income tax benefit (expense)

    15     7     (12 )
               

Total reclassifications, net of taxes

  $ 37   $ 14   $ (21 )
               
               

(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.

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