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TRAVELERS COMPANIES, INC.TRV

Sector
Financial Services
Industry
Fire, Marine & Casualty Insurance
Exchange
NYSE

Stock Price $TRV

Latest filings

You are here#26 of 58 in Financials by market cap

Filing record · 2016–202610-K1110-Q338-K91

TRV filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 91 current reports (8-K) between 2016 and 2026.

  1. FY2018 annual report10-K · Feb ’19Feb ’19
  2. Leadership change8-K · May ’21May ’21
  3. Leadership change8-K · May ’25May ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $48.83B
YoY changeLargest recent move+12.2%in FY24Latest +5.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All TRV Financial Metrics43 metrics

Income Statement11

Balance Sheet15

Cash Flow12

Per Share5

02—Overview

TRAVELERS COMPANIES, INC. Financial Overview 2021–2025

Updated Jul 10, 2026

Travelers generated a record $6.29 billiona in net income during FY2025 despite stomaching $3.69 billion in severe catastrophe losses. This profitability highlights a clear investment thesis: the insurer is successfully leveraging consistent premium growth and strict risk controls to outmuscle an increasingly volatile climate. By shrinking its combined ratio to a highly profitable 89.9% in FY2025—down from 92.5% the prior year—Travelers proved its core underwriting operations can generate vast amounts of cash even when extreme weather strikes.

The company's long-term trajectory reveals a powerful compounding engine, as net income expanded from $3.66 billion in FY2021 to $6.29 billionb in FY2025. This bottom-line expansion was fueled by steady top-line momentum, with net earned premiums climbing to $43.91 billion in FY2025. Management consistently redirected this cash to investors, returning $4.18 billion through share repurchases and dividends in the latest fiscal year alone. Despite this aggressive profit generation, the market valued the company conservatively at the close of FY2025. The stock traded at just 10.6x earnings, fetching a share price of $290.06 and a total market cap of $63.1 billion. Going into Q1 2026, the combined ratio compressed even further to 88.6%, confirming the fundamental strength of its core commercial and personal insurance portfolio.

Recent Developments (Q4 2025 and Q1 2026)

Travelers generated $1.71 billionc in Q1 2026 net income. This represents a 333% surge from the $395 million earned in the prior-year period. Net investment income also increased 8% to $1.01 billion. The company finalized the sale of its Canadian operations in January 2026. This divestiture caused a 1% year-over-year drop in gross written premiums but reduced overall exposure. To strengthen liquidity, the insurer secured a new $1.2 billion revolving credit agreement in May 2026, replacing a previous $1.0 billion facility.

Bulls assert the stock remains cheaply valued at 10.9x earnings as of the April 16, 2026 reporting date rather than today, driven by reduced catastrophe losses. Bears caution that rising interest rates are creating net unrealized investment losses across the portfolio.

What to watch: core premium growth excluding the Canadian divestiture; board transitions for outgoing directors Laurie J. Thomsen and Rafael Santana.

03—Filings

Recent SEC Filings

  1. 8-KTRAVELERS COMPANIES, INC. 8-K Report, Financial Results (Oct 16, 2026)The Travelers Companies, Inc. reported strong third quarter 2026 financial results, demonstrating robust underwriting performance and a record contribution from its investment portfolio. The company announced a net income of $1.917 billion, or $9.04 per diluted share, and a core income of $1.947 billion, or $9.18 per diluted share. This represents a significant increase compared to the prior year quarter, driven by higher net favorable prior year reserve development and increased net investment income, although partially offset by higher catastrophe losses. Key financial metrics showcase the company's operational strength, with a consolidated combined ratio of 86.8% and an underlying combined ratio of 84.1%. Return on equity stood at an impressive 24.7%. Travelers also returned substantial capital to shareholders, totaling $1.769 billion, with $1.508 billion dedicated to share repurchases, underscoring a commitment to enhancing shareholder value.
  2. 8-KTRAVELERS COMPANIES, INC. 8-K Report, Executive Changes (Aug 7, 2026)The Travelers Companies, Inc. (TRV) announced a change to its Board of Directors via an 8-K filing on August 7, 2026. Effective August 5, 2026, the Board's size was increased from eight to nine directors, and Anthony Jabbour was elected to fill the new position. Mr. Jabbour will serve until his successor is elected and qualified. This appointment signals a potential expansion of the Board's expertise and oversight capabilities, particularly given Mr. Jabbour's significant executive experience. In addition to his directorship, Mr. Jabbour has been appointed as a member of both the Audit and Risk Committees of the Board. His background includes serving as the former CEO of Dun & Bradstreet Holdings, Inc. and former Executive Chairman and CEO of Black Knight, Inc., suggesting a strong financial and operational acumen that will be valuable to these critical committees. Mr. Jabbour's compensation as a non-employee director will follow the company's standard director compensation program.
  3. 8-KTRAVELERS COMPANIES, INC. 8-K Report, Corporate Update (Jul 24, 2026)Travelers Companies, Inc. (TRV) has announced the issuance and sale of $750,000,000 aggregate principal amount of its 4.950% Senior Notes due 2031. This transaction was executed through an Underwriting Agreement dated July 21, 2026, with a syndicate of prominent underwriters including Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The offering aims to raise significant capital for the company, the proceeds of which are not detailed in this filing but are typically used for general corporate purposes, including potential acquisitions, debt repayment, or strengthening its capital base. Investors should note that further details regarding these notes and related matters are available in the Company's Prospectus Supplement, filed on July 22, 2026.
  4. 8-KTRAVELERS COMPANIES, INC. 8-K Report, Financial Results (Jul 17, 2026)The Travelers Companies reported strong second-quarter 2026 results, with net income of $2.208 billion, or $10.26 per diluted share, versus $1.509 billion ($6.53) a year earlier. Core income rose 44% to $2.160 billion ($10.04 per diluted share), and core return on equity was 24.9%. The improvement was driven mainly by catastrophe losses falling to $518 million pre-tax from $927 million, $578 million of favorable prior-year reserve development, and net investment income up 14% to $883 million after-tax. The consolidated combined ratio improved to 83.6% from 90.3%, and the underlying combined ratio was 84.1%, roughly flat year over year on a sequential basis but slightly better than the prior year. Top-line growth was flat: net written premiums were $11.529 billion, essentially unchanged, though excluding the divested Canadian business they rose 2%. Business Insurance grew 5% ex-Canada, Bond & Specialty grew 14% (Surety up 40%), and Personal Insurance declined 4% ex-Canada. Management returned $1.577 billion to shareholders in the quarter, including $1.311 billion of buybacks at an average price of $304.06, and reported book value per share of $158.81, up 5% year to date. For investors, the key questions are how much of the earnings strength is repeatable versus driven by a benign catastrophe quarter and reserve releases, and whether premium growth can keep pace with margin gains. Management expects the full-year 2026 expense ratio to be about 28.5%, and the company's debt-to-capital ratio of 20.5% excluding unrealized losses sits within its 15%–25% target range. The filing itself is a furnished (not filed) Item 2.02 notice, and the results are unaudited.
  5. 8-KTRAVELERS COMPANIES, INC. 8-K Report, Executive Changes (May 22, 2026)This 8-K filing from The Travelers Companies, Inc. (TRV) reports on the outcomes of its annual shareholder meeting held on May 20, 2026. The most significant event from an investor's perspective is the shareholder approval to amend the 2023 Stock Incentive Plan, increasing the authorized shares for issuance by 5,000,000. This move is generally intended to provide the company with flexibility in future equity-based compensation for its executives and employees. Additionally, the filing provides the final voting results for several key proposals, including the election of directors, ratification of the independent registered public accounting firm, and a non-binding vote on executive compensation. All director nominees received substantial support, and the independent auditors were ratified with a strong majority. The executive compensation advisory vote also passed, though with a notable percentage of dissent. Several shareholder proposals, including those related to climate-related pricing and an independent board chairman, did not receive majority support.
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04—See also

Related Companies

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