8-KOther EventsExhibits & Filings

TRAVELERS COMPANIES, INC. 8-K Report, Corporate Update (Dec 23, 2004)

Filed December 23, 2004For Securities:TRV

Summary

This 8-K filing from The St. Paul Travelers Companies, Inc. (TRV) provides an update related to their merger, which occurred on April 1, 2004, with Travelers Property Casualty Corp. The primary purpose of this filing is to include an unaudited pro forma condensed combined income statement for the nine months ended September 30, 2004. This pro forma statement presents the combined financial results of The St. Paul Companies, Inc. and Travelers Property Casualty Corp. as if the merger had occurred at the beginning of the reporting period (January 1, 2004). Investors can use this information to better understand the potential financial impact and performance of the newly combined entity, allowing for a more consistent comparison of results following the significant merger event.

Key Highlights

  • 1The filing includes an unaudited pro forma condensed combined income statement for the nine months ended September 30, 2004.
  • 2This pro forma statement reflects the merger between The St. Paul Companies, Inc. and Travelers Property Casualty Corp., which became effective on April 1, 2004.
  • 3The pro forma financials are presented as if the merger had occurred on January 1, 2004, allowing for a retrospective view of combined performance.
  • 4The report's purpose is to provide investors with a clearer picture of the combined entity's financial performance post-merger.
  • 5The filing is an 8-K Current Report, indicating a material event disclosure.
  • 6The entity is referred to as The St. Paul Travelers Companies, Inc. following the merger.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with an unaudited pro forma condensed combined income statement for the nine months ended September 30, 2004. This statement reflects the financial results of the combined entity, The St. Paul Travelers Companies, Inc., as if the merger with Travelers Property Casualty Corp. had occurred on January 1, 2004.

The merger between Travelers Property Casualty Corp. and a subsidiary of The St. Paul Companies, Inc. officially became effective on April 1, 2004.

This means the income statement shows what the combined company's revenue and expenses would have looked like if the merger had happened at the beginning of the reporting period (January 1, 2004), rather than on April 1, 2004. It helps investors understand the performance of the new, combined company on a more comparable basis for the period presented.

The unaudited pro forma condensed combined income statement is included as Exhibit 99 to this 8-K filing and is incorporated by reference.