Exhibit 99.b
Six-year Summary of Selected Financial Data
The St. Paul Companies
(In millions, except ratios and per share data) |
| 2002 |
| 2001 |
| 2000 |
| 1999 |
| 1998 |
| 1997 |
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Consolidated |
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Revenues from continuing operations |
| $ | 8,918 |
| $ | 8,919 |
| $ | 7,946 |
| $ | 7,149 |
| $ | 7,315 |
| $ | 7,904 |
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After-tax income (loss) from continuing operations |
| 243 |
| (1,009 | ) | 970 |
| 705 |
| 187 |
| 1,011 |
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Investment Activity |
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Net investment income |
| 1,169 |
| 1,217 |
| 1,262 |
| 1,259 |
| 1,295 |
| 1,320 |
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Pretax realized investment gains (losses) |
| (165 | ) | (94 | ) | 632 |
| 286 |
| 203 |
| 409 |
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Other Selected Financial Data (as of December 31) |
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Totals assets |
| 39,920 |
| 38,321 |
| 35,502 |
| 33,418 |
| 33,211 |
| 32,735 |
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Debt |
| 2,713 |
| 2,130 |
| 1,647 |
| 1,466 |
| 1,260 |
| 1,304 |
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Redeemable preferred securities |
| 889 |
| 893 |
| 337 |
| 425 |
| 503 |
| 503 |
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Common shareholders’ equity |
| 5,681 |
| 5,056 |
| 7,178 |
| 6,448 |
| 6,621 |
| 6,591 |
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Common shares outstanding |
| 226.8 |
| 207.6 |
| 218.3 |
| 224.8 |
| 233.7 |
| 233.1 |
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Per Common Share Data |
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Income (loss) from continuing operations |
| 1.06 |
| (4.84 | ) | 4.14 |
| 2.89 |
| 0.73 |
| 4.02 |
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Year-end book value |
| 25.05 |
| 24.35 |
| 32.88 |
| 28.68 |
| 28.32 |
| 28.27 |
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Year-end market price |
| 34.05 |
| 43.97 |
| 54.31 |
| 33.69 |
| 34.81 |
| 41.03 |
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Cash dividends declared |
| 1.16 |
| 1.12 |
| 1.08 |
| 1.04 |
| 1.00 |
| 0.94 |
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Property-Liability Insurance |
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Written premiums |
| 7,046 |
| 7,763 |
| 5,884 |
| 5,112 |
| 5,276 |
| 5,682 |
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Pretax income (loss) from continuing operations |
| 243 |
| (1,400 | ) | 1,467 |
| 971 |
| 298 |
| 1,488 |
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GAAP underwriting result |
| (709 | ) | (2,294 | ) | (309 | ) | (425 | ) | (881 | ) | (139 | ) | ||||||
Statutory combined ratio: |
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Loss and loss adjustment expense ratio |
| 81.1 |
| 102.5 |
| 70.0 |
| 72.9 |
| 82.2 |
| 69.8 |
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Underwriting expense ratio |
| 28.8 |
| 28.1 |
| 34.8 |
| 35.0 |
| 35.2 |
| 33.5 |
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Combined ratio |
| 109.9 |
| 130.6 |
| 104.8 |
| 107.9 |
| 117.4 |
| 103.3 |
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