Travelers Companies is a leading provider of property and casualty insurance products and services
The company offers a wide range of coverage options, including personal insurance for individuals and families, as well as commercial insurance solutions for businesses of all sizes. With a strong focus on risk management and customer service, Travelers is dedicated to protecting its clients from potential losses while helping them navigate the complexities of insurance policies. Through its innovative approaches and diverse portfolio, the company aims to provide peace of mind and financial security to its customers.
Market indexes drooped in the final minutes of the normal trading day to start a new week, with all major indexes save the blue-chip Dow closing in the red, adding to Friday’s losses.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Monday. Below you can find the top S&P500 gainers and losers in today's session.
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSETRV), today announced its Wednesdays with Woodward spring webinar schedule. The virtual series, hosted by Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers, features thought leaders from the public and private sectors discussing relevant topics at the intersection of insurance, business and public policy.
Meyer Shields of Keefe, Bruyette & Woods upgrades Travelers Companies to Outperform, raising the price forecast to $286. The analyst's reserve analysis shows an overestimation of TRV's GAAP loss and ALAE reserves, primarily in workers' compensation and personal lines.
The Travelers Companies, Inc. (NYSETRV) announced Tuesday that it expects $1.7 billion in pretax catastrophe losses from the California wildfires that swept through the state in January. After taxes, the estimated loss amounts to $1.3 billion.
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSETRV), today announced the continuation of its Small Business – Big Opportunity® and Cyber: Prepare, Prevent, Mitigate, Restore® series with two in-person symposia in February. These events provide practical tips and resources to help business leaders adapt to the evolving business environment and cybersecurity landscape.
The Q4 earnings season has remained strong with companies from various sectors standing out in this week’s lineup. Able to crush their bottom-line expectations on Thursday, here are two intriguing stocks to keep an eye on in the coming weeks.
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.
