XML 14 R54.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidating Financial Statements (details) - Consolidating Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Consolidating Statement of Income        
Premiums $ 5,931 $ 5,928 $ 11,819 $ 11,751
Net investment income 632 695 1,224 1,431
Fee income 111 112 222 219
Net realized investment gains (losses) [1] 10 16 20 17
Other revenues 22 34 47 75
Total revenues 6,706 6,785 13,332 13,493
Claims and claim adjustment expenses 3,547 3,826 6,978 7,141
Amortization of deferred acquisition costs 963 965 1,926 1,915
General and administrative expenses 1,028 1,001 2,020 1,882
Interest expense 92 92 184 184
Total claims and expenses 5,630 5,884 11,108 11,122
Income before income taxes 1,076 901 2,224 2,371
Income tax expense (benefit) 264 218 579 636
Net income 812 683 1,645 1,735
Total other-than-temporary impairment losses (8) (1) (12) (8)
Other-than-temporary impairment losses recognized in net realized investment gains (6) (1) (9) (10)
Other-than-temporary impairment gains (losses) recognized in OCI (2) 0 (3) 2
Reportable Legal Entities [Member] | TPC [Member]        
Consolidating Statement of Income        
Premiums 4,044 4,020 8,040 7,964
Net investment income 424 472 835 972
Fee income 111 111 222 218
Net realized investment gains (losses) 17 5 19 6
Other revenues 19 32 40 65
Total revenues 4,615 4,640 9,156 9,225
Claims and claim adjustment expenses 2,409 2,569 4,718 4,790
Amortization of deferred acquisition costs 651 650 1,293 1,285
General and administrative expenses 717 697 1,412 1,310
Interest expense 12 12 24 24
Total claims and expenses 3,789 3,928 7,447 7,409
Income before income taxes 826 712 1,709 1,816
Income tax expense (benefit) 198 186 449 507
Net income 628 526 1,260 1,309
Total other-than-temporary impairment losses (7) (1) (8) (3)
Other-than-temporary impairment losses recognized in net realized investment gains (5) (1) (6) (5)
Other-than-temporary impairment gains (losses) recognized in OCI (2)   (2) 2
Reportable Legal Entities [Member] | Other Subsidiaries [Member]        
Consolidating Statement of Income        
Premiums 1,887 1,908 3,779 3,787
Net investment income 206 221 386 456
Fee income   1   1
Net realized investment gains (losses) (7) 11   9
Other revenues 3 2 7 10
Total revenues 2,089 2,143 4,172 4,263
Claims and claim adjustment expenses 1,138 1,257 2,260 2,351
Amortization of deferred acquisition costs 312 315 633 630
General and administrative expenses 308 300 600 565
Total claims and expenses 1,758 1,872 3,493 3,546
Income before income taxes 331 271 679 717
Income tax expense (benefit) 86 60 179 185
Net income 245 211 500 532
Total other-than-temporary impairment losses (1)   (4) (5)
Other-than-temporary impairment losses recognized in net realized investment gains (1)   (3) (5)
Other-than-temporary impairment gains (losses) recognized in OCI     (1)  
Reportable Legal Entities [Member] | Travelers [Member]        
Consolidating Statement of Income        
Net investment income 2 2 3 3
Net realized investment gains (losses)     1 2
Total revenues 2 2 4 5
General and administrative expenses 3 4 8 7
Interest expense 80 80 160 160
Total claims and expenses 83 84 168 167
Income before income taxes (81) (82) (164) (162)
Income tax expense (benefit) (20) (28) (49) (56)
Net income of subsidiaries 873 737 1,760 1,841
Net income 812 683 1,645 1,735
Eliminations [Member]        
Consolidating Statement of Income        
Net income of subsidiaries (873) (737) (1,760) (1,841)
Net income $ (873) $ (737) $ (1,760) $ (1,841)
[1] Total other-than-temporary impairment (OTTI) losses were $(8) million and $(1) million for the three months ended June 30, 2015 and 2014, respectively, and $(12) million and $(8) million for the six months ended June 30, 2015 and 2014, respectively. Of total OTTI, credit losses of $(6) million and $(1) million for the three months ended June 30, 2015 and 2014, respectively, and $(9) million and $(10) million for the six months ended June 30, 2015 and 2014, respectively, were recognized in net realized investment gains. In addition, unrealized gains (losses) from other changes in total OTTI of $(2) million and $0 million for the three months ended June 30, 2015 and 2014, respectively, and $(3) million and $2 million for the six months ended June 30, 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.