8-K/AOther Events

TRAVELERS COMPANIES, INC. 8-K/A Report (Apr 23, 2004)

Filed April 23, 2004For Securities:TRV

Summary

This Form 8-K/A filing by The St. Paul Travelers Companies, Inc. (formerly The St. Paul Companies, Inc.) provides crucial financial information following the completion of a merger. Effective April 1, 2004, The St. Paul Travelers Companies, Inc. acquired Travelers Property Casualty Corp. through a subsidiary merger. This amendment to a prior 8-K filing is specifically to furnish the required financial statements of the acquired entity, Travelers Property Casualty Corp., and pro forma combined financial statements. For financial reporting purposes, Travelers Property Casualty Corp. is treated as the acquiring enterprise in accordance with FASB Statement No. 141.

Key Highlights

  • 1The St. Paul Companies, Inc. officially changed its name to The St. Paul Travelers Companies, Inc. following the merger.
  • 2The merger transaction with Travelers Property Casualty Corp. was completed effective April 1, 2004.
  • 3Travelers Property Casualty Corp. is designated as the acquiring enterprise for financial reporting purposes.
  • 4This 8-K/A filing is an amendment to a previous 8-K and primarily serves to provide the necessary financial statements.
  • 5The financial statements of the acquired entity, Travelers Property Casualty Corp., for the years ended December 31, 2003, 2002, and 2001 are incorporated by reference from its Form 10-K.
  • 6Unaudited pro forma condensed combined financial statements reflecting the merger are included as an exhibit.
  • 7KPMG LLP provided consent as the independent auditor.

Frequently Asked Questions

The primary purpose of this filing is to provide the required financial statements of Travelers Property Casualty Corp., the acquired entity, and pro forma condensed combined financial statements following the merger between The St. Paul Companies, Inc. and Travelers Property Casualty Corp., which became effective on April 1, 2004.

In accordance with Statement of Financial Accounting Standards No. 141, 'Business Combinations,' Travelers Property Casualty Corp. is considered the acquiring enterprise for financial reporting purposes.

The historical financial statements of Travelers Property Casualty Corp. for the years ended December 31, 2003, 2002, and 2001 are incorporated by reference from its Annual Report on Form 10-K (SEC File No. 001-31266).

The filing indicates that The St. Paul Companies, Inc. was formerly known as The St. Paul Companies, Inc. and was renamed The St. Paul Travelers Companies, Inc. as part of the corporate actions related to the merger.