XML 40 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information (details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Segment reporting information    
Premiums $ 5,888us-gaap_PremiumsEarnedNet $ 5,823us-gaap_PremiumsEarnedNet
Net investment income 592us-gaap_NetInvestmentIncome 736us-gaap_NetInvestmentIncome
Fee income 111us-gaap_InsuranceCommissionsAndFees 107us-gaap_InsuranceCommissionsAndFees
Other revenues 25us-gaap_OtherIncome 41us-gaap_OtherIncome
Operating income (loss) 827us-gaap_OperatingIncomeLoss 1,052us-gaap_OperatingIncomeLoss
Net realized investment gains 10us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments [1] 1us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments [1]
Total revenues 6,626us-gaap_Revenues 6,708us-gaap_Revenues
Net realized investment gains, net of tax 6trv_NetRealizedInvestmentGainsLossesAfterTax  
Net income 833us-gaap_ProfitLoss 1,052us-gaap_ProfitLoss
Reportable Segments [Member]    
Segment reporting information    
Premiums 5,888us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember		 5,823us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
Net investment income 592us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember		 736us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
Fee income 111us-gaap_InsuranceCommissionsAndFees
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember		 107us-gaap_InsuranceCommissionsAndFees
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
Other revenues 25us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember		 42us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
Total operating revenues 6,616trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember		 6,708trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
Operating income (loss) 891us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember		 1,116us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
Reportable Segments [Member] | Business and International Insurance [Member]    
Segment reporting information    
Premiums 3,620us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember		 3,558us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
Net investment income 454us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember		 570us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
Fee income 111us-gaap_InsuranceCommissionsAndFees
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember		 107us-gaap_InsuranceCommissionsAndFees
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
Other revenues 8us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember		 12us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
Total operating revenues 4,193trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember		 4,247trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
Operating income (loss) 515us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember		 694us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member]    
Segment reporting information    
Premiums 3,129us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 3,016us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member] | Workers' compensation [Member]    
Segment reporting information    
Premiums 962us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_WorkersCompensationMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 908us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_WorkersCompensationMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member] | Automobile [Member]    
Segment reporting information    
Premiums 469us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_AutomobileMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 468us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_AutomobileMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member] | Commercial Property [Member]    
Segment reporting information    
Premiums 441us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_PropertyMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 428us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_PropertyMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member] | General Liability [Member]    
Segment reporting information    
Premiums 472us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= us-gaap_GeneralLiabilityMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 447us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= us-gaap_GeneralLiabilityMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member] | Commercial multi-peril [Member]    
Segment reporting information    
Premiums 775us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_CommercialMultiPerilMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 755us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_CommercialMultiPerilMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | Domestic [Member] | Other [Member]    
Segment reporting information    
Premiums 10us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_OtherProductsAndServicesMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US		 10us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_OtherProductsAndServicesMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= country_US
Reportable Segments [Member] | Business and International Insurance [Member] | International [Member]    
Segment reporting information    
Premiums 491us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= trv_NonUnitedStatesMember		 542us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BusinessAndInternationalInsuranceMember
/ us-gaap_StatementGeographicalAxis
= trv_NonUnitedStatesMember
Reportable Segments [Member] | Bond & Specialty Insurance [Member]    
Segment reporting information    
Premiums 504us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 503us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Net investment income 56us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 66us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Other revenues 5us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 4us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Total operating revenues 565trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 573trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Operating income (loss) 124us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 154us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Reportable Segments [Member] | Bond & Specialty Insurance [Member] | General Liability [Member]    
Segment reporting information    
Premiums 236us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= us-gaap_GeneralLiabilityMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 237us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= us-gaap_GeneralLiabilityMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Reportable Segments [Member] | Bond & Specialty Insurance [Member] | Fidelity and surety [Member]    
Segment reporting information    
Premiums 225us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_FidelityAndSuretyMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 222us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_FidelityAndSuretyMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Reportable Segments [Member] | Bond & Specialty Insurance [Member] | Other [Member]    
Segment reporting information    
Premiums 43us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_OtherBondAndSpecialtyProductsAndServicesMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember		 44us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_OtherBondAndSpecialtyProductsAndServicesMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_BondAndSpecialtyInsuranceMember
Reportable Segments [Member] | Personal Insurance [Member]    
Segment reporting information    
Premiums 1,764us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 1,762us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Net investment income 82us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 100us-gaap_NetInvestmentIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Other revenues 12us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 26us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Total operating revenues 1,858trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 1,888trv_RevenuesExcludingRealizedGainLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Operating income (loss) 252us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 268us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Reportable Segments [Member] | Personal Insurance [Member] | Automobile [Member]    
Segment reporting information    
Premiums 836us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_AutomobileMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 815us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_AutomobileMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Reportable Segments [Member] | Personal Insurance [Member] | Homeowners and other [Member]    
Segment reporting information    
Premiums 928us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_HomeownersAndOtherMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember		 947us-gaap_PremiumsEarnedNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_OperatingSegmentsMember
/ us-gaap_ProductOrServiceAxis
= trv_HomeownersAndOtherMember
/ us-gaap_StatementBusinessSegmentsAxis
= trv_PersonalInsuranceMember
Interest Expense & Other [Member]    
Segment reporting information    
Other revenues   (1)us-gaap_OtherIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Operating income (loss) (64)us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember		 (64)us-gaap_OperatingIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
After-tax interest expense $ 60trv_AfterTaxInterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember		 $ 60trv_AfterTaxInterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
[1] Total other-than-temporary impairment (OTTI) losses were $(4) million and $(7) million for the three months ended March 31, 2015 and 2014, respectively. Of total OTTI, credit losses of $(3) million and $(9) million for the three months ended March 31, 2015 and 2014, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $(1) million and $2 million for the three months ended March 31, 2015 and 2014, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.