TRAVELERS COMPANIES, INC. | 2013 | FY | 3


19. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

2013 (in millions, except per share amounts)
  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
  Total  

Total revenues

  $ 6,328   $ 6,674   $ 6,452   $ 6,737   $ 26,191  

Total expenses

    5,108     5,497     5,275     5,366     21,246  
                       

Income before income taxes

    1,220     1,177     1,177     1,371     4,945  

Income tax expense

    324     252     313     383     1,272  
                       

Net income

  $ 896   $ 925   $ 864   $ 988   $ 3,673  
                       
                       

Net income per share(1):

                               

Basic

  $ 2.36   $ 2.44   $ 2.33   $ 2.73   $ 9.84  

Diluted

    2.33     2.41     2.30     2.70     9.74  


 

2012 (in millions, except per share amounts)
  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
  Total  

Total revenues

  $ 6,392   $ 6,359   $ 6,512   $ 6,477   $ 25,740  

Total expenses

    5,315     5,751     5,342     6,166     22,574  
                       

Income before income taxes

    1,077     608     1,170     311     3,166  

Income tax expense

    271     109     306     7     693  
                       

Net income

  $ 806   $ 499   $ 864   $ 304   $ 2,473  
                       
                       

Net income per share(1):

                               

Basic

  $ 2.04   $ 1.27   $ 2.23   $ 0.79   $ 6.35  

Diluted

    2.02     1.26     2.21     0.78     6.30  

(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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