XML 122 R95.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidating Financial Statements (details) - Consolidating Statement of Income (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Consolidating financial statements                      
Premiums                 $ 22,357 $ 22,090 $ 21,432
Net investment income                 2,889 2,879 3,059
Fee income                 323 296 287
Net realized investment gains (losses)                 51 [1] 55 [1] 264 [1]
Other revenues                 120 126 70
Total revenues 6,477 6,512 6,359 6,392 6,373 6,407 6,388 6,278 25,740 25,446 25,112
Claims and claim adjustment expenses                 14,676 16,276 13,210
Amortization of deferred acquisition costs                 3,910 3,876 3,802
General and administrative expenses                 3,610 3,556 3,406
Interest expense                 378 386 388
Total claims and expenses 6,166 5,342 5,751 5,315 5,595 6,075 7,115 5,309 22,574 24,094 20,806
Income before income taxes 311 1,170 608 1,077 778 332 (727) 969 3,166 1,352 4,306
Income tax expense (benefit) 7 306 109 271 160 (1) (363) 130 693 (74) 1,090
Net income 304 864 499 806 618 333 (364) 839 2,473 1,426 3,216
Total other-than-temporary impairment gains                 27 30 7
Other-than-temporary impairment losses recognized in net realized investment gains                 (15) (25) (26)
Other-than-temporary impairment gains recognized in other comprehensive income                 42 55 33
TPC [Member]
                     
Consolidating financial statements                      
Premiums                 15,158 14,903 14,445
Net investment income                 1,912 1,933 2,078
Fee income                 321 294 285
Net realized investment gains (losses)                 29 10 57
Other revenues                 87 103 111
Total revenues                 17,507 17,243 16,976
Claims and claim adjustment expenses                 9,908 10,906 8,786
Amortization of deferred acquisition costs                 2,636 2,594 2,548
General and administrative expenses                 2,445 2,377 2,306
Interest expense                 73 73 74
Total claims and expenses                 15,062 15,950 13,714
Income before income taxes                 2,445 1,293 3,262
Income tax expense (benefit)                 588 111 798
Net income                 1,857 1,182 2,464
Total other-than-temporary impairment gains                 18 15 10
Other-than-temporary impairment losses recognized in net realized investment gains                 (9) (15) (12)
Other-than-temporary impairment gains recognized in other comprehensive income                 27 30 22
Other Subsidiaries [Member]
                     
Consolidating financial statements                      
Premiums                 7,199 7,187 6,987
Net investment income                 968 938 970
Fee income                 2 2 2
Net realized investment gains (losses)                 22 50 200
Other revenues                 34 23 20
Total revenues                 8,225 8,200 8,179
Claims and claim adjustment expenses                 4,768 5,370 4,424
Amortization of deferred acquisition costs                 1,274 1,282 1,254
General and administrative expenses                 1,161 1,152 1,086
Total claims and expenses                 7,203 7,804 6,764
Income before income taxes                 1,022 396 1,415
Income tax expense (benefit)                 224 14 382
Net income                 798 382 1,033
Total other-than-temporary impairment gains                 9 15 (3)
Other-than-temporary impairment losses recognized in net realized investment gains                 (6) (10) (14)
Other-than-temporary impairment gains recognized in other comprehensive income                 15 25 11
Travelers [Member]
                     
Consolidating financial statements                      
Net investment income                 9 8 11
Net realized investment gains (losses)                   (5) 7
Other revenues                 (1)   (60)
Total revenues                 8 3 (42)
General and administrative expenses                 4 27 14
Interest expense                 305 313 315
Total claims and expenses                 309 340 329
Income before income taxes                 (301) (337) (371)
Income tax expense (benefit)                 (119) (199) (90)
Net income of subsidiaries                 2,655 1,564 3,497
Net income                 2,473 1,426 3,216
Eliminations [Member]
                     
Consolidating financial statements                      
Other revenues                     (1)
Total revenues                     (1)
Interest expense                     (1)
Total claims and expenses                     (1)
Net income of subsidiaries                 (2,655) (1,564) (3,497)
Net income                 $ (2,655) $ (1,564) $ (3,497)
[1] Total other-than-temporary impairment (OTTI) gains were $27 million, $30 million and $7 million for the years ended December 31, 2012, 2011 and 2010, respectively. Of total OTTI, credit losses of $(15) million, $(25) million and $(26) million for the years ended December 31, 2012, 2011 and 2010, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $42 million, $55 million and $33 million for the years ended December 31, 2012, 2011 and 2010, respectively, were recognized in other comprehensive income as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.