01—Abstract
Summary
Summary of the 10-K/A filed March 1, 2013. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to The Travelers Companies, Inc.'s (TRV) Annual Report on Form 10-K for the fiscal year ended December 31, 2012.
The amendment corrects a single clerical error in the "Claims and Claim Adjustment Expense Development Table" within "Item 1. Business." Specifically, the "cumulative amounts paid as of five years later" for the 2007 column has been updated from $19.744 billion to $20.244 billiona. This amendment does not alter any other financial information or disclosures presented in the original filing.
For investors, the primary takeaway is that this is a minor correction and does not represent new information regarding the company's financial performance or operational standing as of December 31, 2012. The core business operations, segment performance (Business Insurance, Financial/Professional/International Insurance, Personal Insurance), risk management strategies, and financial condition remain as detailed in the original 10-K filing.
02—Key points
Key Highlights
- Minor clerical correction to a specific data point in the Claims and Claim Adjustment Expense Development Table.
- The correction involves a single number: 'cumulative amounts paid as of five years later' for the 2007 column, changed from $19.744 billion to $20.244 billion.
- No other information in the original Form 10-K filing has been amended or updated.
- This filing does not reflect any events that occurred subsequent to the original filing date.
- The purpose is to correct an error, not to introduce new financial results or business developments.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2012filed March 1, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $25.74B$25.45B | +1.2% |
| Operating Income | $2.44B$1.39B | +75.6% |
| Interest Expense | $378.00M$386.00M | −2.1% |
| Net Income | $2.47B$1.43B | +73.4% |
| EPS (Basic) | $6.35$3.40 | +86.8% |
| EPS (Diluted) | $6.30$3.36 | +87.5% |
| Shares Outstanding (Basic) | 386.20M415.80M | −7.1% |
| Shares Outstanding (Diluted) | 389.80M420.50M | −7.3% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-K/A filing?
This filing is an amendment to correct a clerical error in the original 10-K for the fiscal year ended December 31, 2012. The error was a single numerical mistake in the "Claims and Claim Adjustment Expense Development Table" within "Item 1. Business."
What specific information was corrected?
The correction pertains to the "cumulative amounts paid as of five years later" in the 2007 column of the "Claims and Claim Adjustment Expense Development Table." The value was changed from $19.744 billion to $20.244 billion.
Does this amendment change the overall financial performance or outlook of The Travelers Companies, Inc. (TRV)?
No, this amendment is solely a correction of a minor data entry error and does not alter the overall financial performance, results of operations, or outlook presented in the original 10-K filing for the fiscal year ended December 31, 2012. Investors should refer to the original 10-K for comprehensive financial and business information.
When was the original 10-K filing made, and what is the significance of this amendment being filed later?
The original Form 10-K was filed on February 19, 2013. This amendment (10-K/A) was filed on February 28, 2013, to address the discovered clerical error shortly after the initial filing, ensuring the accuracy of the reported data.
06—Continue