TRAVELERS COMPANIES, INC. | 2013 | FY | 3


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

Composition of income tax expense (benefit) included in the consolidated statement of income

                   

Current expense (benefit):

                   

Federal

  $ 1,059   $ 406   $ (176 )

Foreign

    30     45     34  

State

    6     3     3  
               

Total current tax expense (benefit)

    1,095     454     (139 )
               

Deferred expense:

                   

Federal

    167     223     63  

Foreign

    10     16     2  
               

Total deferred tax expense

    177     239     65  
               

Total income tax expense (benefit) included in the consolidated statement of income

    1,272     693     (74 )

Composition of income tax included in shareholders' equity

   
 
   
 
   
 
 

Expense (benefit) relating to stock-based compensation, and the expense (benefit) related to the changes in unrealized gain on investments, unrealized loss on foreign exchange and other comprehensive income

    (822 )   57     399  
               

Total income tax expense included in the consolidated financial statements

  $ 450   $ 750   $ 325  
               
               

us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock