TravelersCompanies (TRV)

The Travelers Companies, Inc. today reported net income of $2.082 billion, or $8.96 per diluted share, for the quarter ended December 31, 2024, compared to $1.626 billion, or $6.99 per diluted share, in the prior year quarter. Core income in the current quarter was $2.126 billion, or $9.15 per diluted share, compared to $1.633 billion, or $7.01 per diluted share, in the prior year quarter. Core income increased primarily due to a higher underlying underwriting gain (i.e., excluding net prior year reserve development and catastrophe losses), higher net investment income and higher net favorable prior year reserve development, partially offset by higher catastrophe losses. Net realized investment losses in the current quarter were $55 million pre-tax ($44 million after-tax), compared to $11 million pre-tax ($7 million after-tax) in the prior year quarter. Per diluted share amounts benefited from the impact of share repurchases.

The Travelers Companies, Inc. (NYSETRV) today announced a commitment of $1 million to assist wildfire relief and recovery efforts in California. Funds will support All Hands and Hearts, California Community Foundation, International Medical Corps and Team Rubicon.

The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSETRV), today announced a new initiative called Forces at Work, which will provide actionable insights and strategies to help business leaders navigate the modern workplace.

The Travelers Companies, Inc. (NYSETRV) will review its fourth quarter and full year 2024 results at 9 a.m. ET on Wednesday, Jan. 22, following the release of results earlier that morning.

The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSETRV), today announced its Wednesdays with Woodward winter webinar schedule. The webinar series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from both the public and private sectors discussing pressing issues for companies and consumers at the intersection of insurance, business and public policy.

The Travelers Companies, Inc. (NYSETRV) today announced it has earned the Gold rank on VIQTORY’s Military Friendly® Employer list, in addition to maintaining recognition on VIQTORY’s Military Spouse Friendly® Employer, Military Friendly® Supplier Diversity Program and Military Friendly® Company lists. Travelers was also once again named to the Military Times Best for Vets Employer list.

The Travelers Companies, Inc. (NYSETRV) today announced a commitment of $250,000 to assist relief efforts in states affected by Hurricanes Helene and Milton. Funds will support All Hands and Hearts, SBP, Team Rubicon and United Way Suncoast.

The Travelers Companies, Inc. today reported net income of $1.260 billion, or $5.42 per diluted share, for the quarter ended September 30, 2024, compared to $404 million, or $1.74 per diluted share, in the prior year quarter. Core income in the current quarter was $1.218 billion, or $5.24 per diluted share, compared to $454 million, or $1.95 per diluted share, in the prior year quarter. Core income increased primarily due to a higher underlying underwriting gain (i.e., excluding net prior year reserve development and catastrophe losses), higher net favorable prior year reserve development and higher net investment income, partially offset by higher catastrophe losses. Net realized investment gains in the current quarter were $55 million pre-tax ($42 million after-tax), compared to net realized investment losses of $65 million pre-tax ($50 million after-tax) in the prior year quarter. Per diluted share amounts benefited from the impact of share repurchases.

The Travelers Companies, Inc. (NYSETRV) today released the results of its 2024 Travelers Risk Index, which highlighted cyber threats as the top concern among business leaders. The annual survey began in 2014 and asks business insurance decision-makers from U.S. companies of various sizes and industries about the issues that worry them most.

The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSETRV), today announced the continuation of its Cyber: Prepare, Prevent, Mitigate, Restore® series with three in-person symposia scheduled this fall. These events provide practical tips and resources to help businesses adapt to the evolving landscape of cybersecurity.

The Travelers Companies Inc. (NYSETRV) today published its Citizen Travelers Playbook, a guide to help organizations better support a civically engaged workforce.

The Travelers Companies, Inc. (NYSETRV) will review its third quarter 2024 results at 9 a.m. ET on Thursday, Oct. 17, following the release of results earlier that morning.

The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSETRV), today announced its Wednesdays with Woodward fall 2024 schedule. The webinar series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from both the public and private sectors discussing relevant topics for companies and consumers.

The Travelers Companies, Inc. (NYSETRV) is offering tips for brides and grooms as peak wedding season approaches. According to Travelers data, vendor issues (45%) were the leading cause of paid wedding insurance claims in 2023, followed by property damage (18%), illness and injury (14%) and severe weather (12%).

The Travelers Companies, Inc. (NYSETRV), the largest workers compensation insurer in the United States, today released its 2024 Injury Impact Report, which examined more than 1.2 million workers compensation claims from 2017 to 2021. The findings revealed that the most common workplace accidents make up the majority of claim costs.

The Travelers Companies, Inc. (NYSETRV) today announced the launch of Quantum Boat 2.0, which offers more personalized coverage options through an easy-to-use platform that allows agents to seamlessly quote and bind coverage.

The Travelers Companies, Inc. (NYSETRV) today announced that it has once again achieved a top score on the Disability Equality Index®, marking its seventh consecutive year as a Best Place to Work for Disability Inclusion. The index, administered by Disability:IN and the American Association of People with Disabilities, stands as the leading independent resource for benchmarking corporate disability inclusion policies and programs.

The Travelers Companies, Inc. today reported net income of $534 million, or $2.29 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $14 million, or $0.07 per diluted share, in the prior year quarter. Core income in the current quarter was $585 million, or $2.51 per diluted share, compared to $15 million, or $0.06 per diluted share, in the prior year quarter. Core income increased primarily due to a higher underlying underwriting gain (i.e., excluding net prior year reserve development and catastrophe losses), higher net favorable prior year reserve development and higher net investment income, partially offset by higher catastrophe losses. Net realized investment losses in the current quarter were $65 million pre-tax ($51 million after-tax), compared to net realized investment losses of $35 million pre-tax ($29 million after-tax) in the prior year quarter. Per diluted share amounts benefited from the impact of share repurchases.

Citizen Travelers, Travelers’ nonpartisan civic engagement employee initiative, will sponsor the 2024 National Civics Bee®. This annual competition by The Civic Trust®, an initiative of the U.S. Chamber of Commerce Foundation, is expanding to a record 28 states this year – with the ultimate goal of reaching all 50 states by 2026 for the 250th anniversary of the signing of the Declaration of Independence.

The Travelers Institute is celebrating 15 years of engaging in public policy dialogue on matters of interest to the property casualty insurance sector and the financial services industry more broadly.

The Travelers Companies, Inc. (NYSETRV) today announced its 2023 Sustainability Report, outlining its comprehensive approach to creating shared and sustained value.

The Travelers Companies, Inc. (NYSETRV) today announced that the 2024 Travelers Championship – a PGA TOUR Signature Event – generated a tournament record of more than $3.2 million for more than 170 nonprofits in the region. This year brings the total amount generated for charities to more than $30 million since Travelers became title sponsor in 2007.

The Travelers Companies, Inc. (NYSETRV) today announced the start of the 2024 Travelers Championship at TPC River Highlands in Cromwell, Connecticut. This year’s tournament is a PGA TOUR Signature Event and the only TOUR event in the Northeast. It also marks the 18th consecutive year that Travelers has served as title sponsor, matching the tournament record.

The Travelers Companies, Inc. (NYSETRV) will review its second quarter 2024 results at 9 a.m. ET on Friday, July 19, following the release of results earlier that morning.

The Travelers Companies, Inc. (NYSETRV) today launched a new advertisement series based on real customer experiences. The series builds on the company’s 2023 “Who Cares?” campaign, which introduced Travelers’ first brand manifesto, organized around the idea that remarkable things happen when people care.