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TRV

The Travelers Companies, Inc.

TRV

The Travelers Companies, Inc. • NYSE
$292.86 ▼ -0.56% (-1.66)
Market Cap $66.18 B
52w High $296.85
52w Low $230.23
Dividend Yield 4.30%
P/E 11.52
Volume 550.52K
Outstanding Shares 225.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.47B ▲ $3.421B ▲ $1.888B ▲ 15.14% ▲ $8.37 ▲ $4.304B ▲
Q2-2025 $12.116B ▲ $1.644B ▲ $1.509B ▲ 12.455% ▲ $6.63 ▲ $2.144B ▲
Q1-2025 $11.81B ▼ $1.558B ▼ $395M ▼ 3.345% ▼ $1.73 ▼ $755M ▼
Q4-2024 $12.013B ▲ $1.578B ▲ $2.082B ▲ 17.331% ▲ $9.11 ▲ $2.855B ▲
Q3-2024 $11.904B $1.558B $1.26B 10.585% $5.5 $1.832B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $91.842B ▼ $143.678B ▲ $112.069B ▲ $31.609B ▲
Q2-2025 $92.838B ▲ $138.873B ▲ $109.355B ▲ $29.518B ▲
Q1-2025 $90.674B ▲ $135.977B ▲ $107.786B ▲ $28.191B ▲
Q4-2024 $89.131B ▼ $133.189B ▼ $105.325B ▼ $27.864B ▲
Q3-2024 $90.239B $134.588B $106.892B $27.696B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.888B ▲ $4.227B ▲ $-4.553B ▼ $402M ▲ $70M ▲ $4.227B ▲
Q2-2025 $1.509B ▲ $2.334B ▲ $-1.716B ▼ $-702M ▼ $-65M ▼ $2.334B ▲
Q1-2025 $395M ▼ $1.36B ▼ $-808M ▲ $-535M ▼ $25M ▲ $1.36B ▼
Q4-2024 $2.082B ▲ $2.064B ▼ $-1.693B ▲ $-422M ▲ $-73M ▼ $2.064B ▼
Q3-2024 $1.26B $3.875B $-3.391B $-454M $43M $3.875B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Bond Specialty Insurance
Bond Specialty Insurance
 $2.18Bn ▲$1.10Bn ▼$1.13Bn ▲$1.17Bn ▲
Business Insurance
Business Insurance
 $12.36Bn ▲$6.31Bn ▼$6.41Bn ▲$6.65Bn ▲
Personal Insurance
Personal Insurance
 $8.71Bn ▲$4.46Bn ▼$4.56Bn ▲$4.63Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Travelers shows a steady pattern of revenue growth over the past five years, with profits rising faster than sales. Profitability improved meaningfully in the most recent year, suggesting a combination of better underwriting, firmer pricing, and stronger investment income. Earnings have become noticeably stronger and more resilient compared with the early part of the period. As with any property and casualty insurer, results can still swing from year to year due to catastrophe losses and market conditions, but the recent trend points to well-managed core operations and healthy margins.

Balance Sheet

Balance Sheet The balance sheet looks conservatively managed for an insurer. Total assets have grown steadily, while debt levels have remained fairly stable and modest relative to the size of the business. Shareholders’ equity dipped a few years ago but has since rebuilt, which often reflects the interplay of investment markets, catastrophe losses, and capital returns to shareholders. Cash on hand is small in absolute terms, but that is normal for an insurer that holds most funds in an investment portfolio. Overall, the financial position supports the image of a solid, well-capitalized franchise rather than a highly leveraged one.

Cash Flow

Cash Flow Travelers generates strong and consistent cash flow from its core insurance operations. Operating cash flow has trended upward over the period, broadly in line with or ahead of earnings, which is a healthy sign that reported profits are backed by real cash. Free cash flow effectively matches operating cash flow because the business is not very capital intensive and requires limited spending on physical assets. This combination of predictable cash inflows and low capital needs gives the company significant financial flexibility to absorb shocks, invest in technology, and return capital when appropriate.

Competitive Edge

Competitive Edge Travelers holds a strong competitive position in property and casualty insurance, particularly in commercial lines. Its advantages come from brand strength, long-standing relationships with independent agents and brokers, broad product breadth, and deep underwriting expertise across many industries. Scale and a large data set help in pricing risks more accurately than smaller rivals. At the same time, the industry remains highly competitive, price-sensitive, and exposed to weather, litigation, and inflation trends. Travelers appears to compete from a position of strength, but it still operates within a cyclical and risk-heavy environment.

Innovation and R&D

Innovation and R&D Innovation at Travelers is focused on data, analytics, and digital capabilities rather than traditional lab-style research. The company is investing heavily in artificial intelligence, predictive modeling, and telematics to improve underwriting, claims handling, and customer experience. Digital self-service tools, AI-supported underwriting, and programs like IntelliDrive are examples of data-driven initiatives aimed at better risk selection and more personalized pricing. Acquisitions such as Corvus in cyber insurance and technology assets from Trōv, along with partnerships and an innovation network, show an active effort to stay ahead of emerging risks and distribution models. The key uncertainty is execution: turning these technology bets into lasting, profitable differentiation over time.

Summary

Overall, Travelers looks like a mature, well-managed insurer with steadily improving earnings, a conservative balance sheet, and strong, dependable cash generation. The company benefits from scale, reputation, and underwriting expertise, and it is actively using data and technology to reinforce those strengths. Main risks revolve around the inherent volatility of property and casualty insurance—catastrophe losses, pricing cycles, inflation, regulatory change, and evolving risks such as cyber and climate. On the opportunity side, continued success in analytics, digital tools, and specialized products could support further profitability and help Travelers defend and gradually widen its competitive edge in a challenging industry.

NEWS

November 24, 2025 · 9:00 AM UTC

Travelers Recognized for Military-Friendly Culture

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November 19, 2025 · 9:00 AM UTC

Travelers Shares Strategies to Help Protect Businesses and Consumers from Insurance Fraud

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November 6, 2025 · 9:00 AM UTC

Travelers and National Trust for Historic Preservation Announce Recipients of Four Grants to Strengthen Community Resilience and Restore American Landmarks

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November 5, 2025 · 9:00 AM UTC

Travelers Institute Announces Wednesdays with Woodward® Winter Webinar Schedule

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October 16, 2025 · 6:57 AM UTC

Travelers Reports Excellent Third Quarter and Year-to-Date Results

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