Published
{
"ticker": "TRV",
"cik": "0000086312",
"company": "The Travelers Companies, Inc.",
"business_type": "insurer",
"schema_template": "insurer (property and casualty)",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual US dollars (not millions); per-share amounts in US dollars; share counts in actual shares; ratios in percent (86.8 means 86.8%). Cash outflows and losses are negative, as the statements print them.",
"units_notes_seen": {
"FY2025 10-K consolidated statement of income": "(in millions, except per share amounts)",
"FY2025 10-K consolidated balance sheet": "(in millions)",
"FY2025 10-K consolidated statement of changes in shareholders' equity": "(in millions); share counts on this statement are in millions",
"FY2025 10-K consolidated statement of cash flows": "(in millions)",
"FY2025 10-K MD&A consolidated results of operations (loss, expense and combined ratios)": "(for the year ended December 31, in millions except ratio and per share amounts); ratios printed in percent",
"FY2025 10-K MD&A gross and net written premiums": "(for the year ended December 31, in millions)",
"FY2025 10-K note 2 segment information (catastrophe losses, prior-year reserve development, core income reconciliation)": "(for the year ended December 31, in millions)",
"Q3 2026 10-Q consolidated statement of income": "(in millions, except per share amounts)",
"Q3 2026 10-Q consolidated balance sheet": "(in millions)",
"Q3 2026 10-Q consolidated statement of changes in shareholders' equity": "(in millions); share counts on this statement are in millions",
"Q3 2026 10-Q consolidated statement of cash flows": "(in millions); nine-month columns only",
"Q3 2026 10-Q note 2 segment information (catastrophe losses, prior-year reserve development)": "(for the three months ended September 30, in millions) and (for the nine months ended September 30, in millions)",
"Q3 2026 10-Q note 2 business segment reconciliations (core income)": "(in millions)",
"Q3 2026 10-Q MD&A consolidated results of operations (ratios)": "(in millions, except ratio and per share amounts); ratios printed in percent",
"Q3 2026 10-Q MD&A gross and net written premiums": "(in millions)",
"Q3 2026 financial supplement (Form 8-K exhibit 99.2) statement of cash flows": "($ in millions)",
"Q3 2026 earnings release (Form 8-K exhibit 99.1) consolidated highlights": "($ in millions, except for per share amounts, and after-tax, except for premiums and revenues); book value per share printed in US dollars",
"FY2025 10-K note 12 earnings per share": "(for the year ended December 31, in millions, except per share amounts)",
"Q3 2026 10-Q note 11 earnings per share": "(in millions, except per share amounts)"
},
"adjustments": {
"splits_applied": [],
"adr_ratio": null,
"fx": "None. Travelers reports in US dollars, so no currency conversion was needed.",
"splits_note": "None applied. No stock split falls within the periods covered here."
},
"annual": [
{
"fiscal_year": 2025,
"label": "FY2025",
"period_start": "2025-01-01",
"period_end": "2025-12-31",
"period_type": "fiscal year",
"source_accession": "0000086312-26-000065",
"source_description": "Form 10-K for the fiscal year ended December 31, 2025, filed 2026-02-12",
"income_statement": {
"premiums": 43914000000,
"net_investment_income": 3959000000,
"fee_income": 495000000,
"net_realized_investment_gains_losses": -48000000,
"other_revenues": 508000000,
"total_revenues": 48828000000,
"claims_and_claim_adjustment_expenses": 27221000000,
"amortization_of_deferred_acquisition_costs": 7266000000,
"general_and_administrative_expenses": 6120000000,
"interest_expense": 425000000,
"total_claims_and_expenses": 41032000000,
"income_before_income_taxes": 7796000000,
"income_tax_expense": 1508000000,
"net_income": 6288000000,
"basic_eps": 27.83,
"diluted_eps": 27.43,
"basic_shares": 224200000,
"diluted_shares": 227600000,
"net_income_available_to_common_shareholders": 6242000000
},
"cash_flow": {
"operating_cash_flow": 10606000000,
"investing_cash_flow": -7652000000,
"share_repurchases": -3004000000,
"dividends_paid": -979000000,
"issuance_of_debt": 1233000000,
"financing_cash_flow": -2663000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 61.4,
"underwriting_expense_ratio_pct": 28.5,
"combined_ratio_pct": 89.9,
"gross_written_premiums": 47730000000,
"net_written_premiums": 44387000000,
"core_income": 6325000000,
"net_favorable_prior_year_reserve_development": 1036000000,
"catastrophe_losses": 3690000000
},
"balance_sheet": {
"fixed_maturities_available_for_sale": 89833000000,
"total_investments": 101182000000,
"cash": 842000000,
"premiums_receivable": 10992000000,
"reinsurance_recoverables": 7886000000,
"deferred_acquisition_costs": 3518000000,
"goodwill": 4066000000,
"assets_held_for_sale": 4550000000,
"total_assets": 143708000000,
"claims_and_claim_adjustment_expense_reserves": 65737000000,
"unearned_premium_reserves": 22431000000,
"debt": 9267000000,
"liabilities_held_for_sale": 2542000000,
"total_liabilities": 110814000000,
"accumulated_other_comprehensive_loss": -2500000000,
"total_shareholders_equity": 32894000000,
"common_shares_outstanding": 217500000
},
"book_value": {
"book_value_per_share": 151.21
},
"book_value_note": "Book value per share as printed in the FY2025 Form 10-K's financial highlights. The 10-K does not print a book value per share for December 31, 2024 or 2023."
},
{
"fiscal_year": 2024,
"label": "FY2024",
"period_start": "2024-01-01",
"period_end": "2024-12-31",
"period_type": "fiscal year",
"source_accession": "0000086312-26-000065",
"source_description": "Form 10-K for the fiscal year ended December 31, 2025, filed 2026-02-12",
"income_statement": {
"premiums": 41941000000,
"net_investment_income": 3590000000,
"fee_income": 473000000,
"net_realized_investment_gains_losses": -30000000,
"other_revenues": 449000000,
"total_revenues": 46423000000,
"claims_and_claim_adjustment_expenses": 27059000000,
"amortization_of_deferred_acquisition_costs": 6973000000,
"general_and_administrative_expenses": 5819000000,
"interest_expense": 392000000,
"total_claims_and_expenses": 40243000000,
"income_before_income_taxes": 6180000000,
"income_tax_expense": 1181000000,
"net_income": 4999000000,
"basic_eps": 21.76,
"diluted_eps": 21.47,
"basic_shares": 228000000,
"diluted_shares": 231100000,
"net_income_available_to_common_shareholders": 4961000000
},
"cash_flow": {
"operating_cash_flow": 9074000000,
"investing_cash_flow": -7264000000,
"share_repurchases": -1003000000,
"dividends_paid": -951000000,
"issuance_of_debt": 0,
"financing_cash_flow": -1747000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 64,
"underwriting_expense_ratio_pct": 28.5,
"combined_ratio_pct": 92.5,
"gross_written_premiums": 46550000000,
"net_written_premiums": 43356000000,
"core_income": 5025000000,
"net_favorable_prior_year_reserve_development": 709000000,
"catastrophe_losses": 3335000000
},
"balance_sheet": {
"fixed_maturities_available_for_sale": 83666000000,
"total_investments": 94223000000,
"cash": 699000000,
"premiums_receivable": 11110000000,
"reinsurance_recoverables": 8000000000,
"deferred_acquisition_costs": 3494000000,
"goodwill": 4233000000,
"assets_held_for_sale": 0,
"total_assets": 133189000000,
"claims_and_claim_adjustment_expense_reserves": 64093000000,
"unearned_premium_reserves": 22289000000,
"debt": 8033000000,
"liabilities_held_for_sale": 0,
"total_liabilities": 105325000000,
"accumulated_other_comprehensive_loss": -4967000000,
"total_shareholders_equity": 27864000000,
"common_shares_outstanding": 226600000
}
},
{
"fiscal_year": 2023,
"label": "FY2023",
"period_start": "2023-01-01",
"period_end": "2023-12-31",
"period_type": "fiscal year",
"source_accession": "0000086312-26-000065",
"source_description": "Form 10-K for the fiscal year ended December 31, 2025, filed 2026-02-12",
"income_statement": {
"premiums": 37761000000,
"net_investment_income": 2922000000,
"fee_income": 433000000,
"net_realized_investment_gains_losses": -105000000,
"other_revenues": 353000000,
"total_revenues": 41364000000,
"claims_and_claim_adjustment_expenses": 26215000000,
"amortization_of_deferred_acquisition_costs": 6226000000,
"general_and_administrative_expenses": 5176000000,
"interest_expense": 376000000,
"total_claims_and_expenses": 37993000000,
"income_before_income_taxes": 3371000000,
"income_tax_expense": 380000000,
"net_income": 2991000000,
"basic_eps": 12.93,
"diluted_eps": 12.79,
"basic_shares": 229700000,
"diluted_shares": 232200000,
"net_income_available_to_common_shareholders": 2969000000
},
"cash_flow": {
"operating_cash_flow": 7711000000,
"investing_cash_flow": -6821000000,
"share_repurchases": -958000000,
"dividends_paid": -908000000,
"issuance_of_debt": 738000000,
"financing_cash_flow": -1051000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 68.9,
"underwriting_expense_ratio_pct": 28.1,
"combined_ratio_pct": 97,
"gross_written_premiums": 42972000000,
"net_written_premiums": 40201000000,
"core_income": 3072000000,
"net_favorable_prior_year_reserve_development": 143000000,
"catastrophe_losses": 2991000000
},
"balance_sheet": {
"common_shares_outstanding": 228200000,
"total_shareholders_equity": 24921000000,
"accumulated_other_comprehensive_loss": -4471000000
},
"balance_sheet_note": "The FY2025 Form 10-K prints balance sheets for December 31, 2025 and 2024 only. Shareholders' equity, accumulated other comprehensive loss and common shares outstanding at December 31, 2023 are taken from the 10-K's statement of changes in shareholders' equity."
}
],
"quarterly": [
{
"label": "Q3 FY2026",
"fiscal_year": 2026,
"fiscal_quarter": 3,
"period_start": "2026-07-01",
"period_end": "2026-09-30",
"period_type": "three months",
"source_accession": "0000086312-26-000181",
"cash_flow_source_accession": "0000086312-26-000180",
"book_value_source_accession": "0000086312-26-000180",
"earnings_release_measures_source_accession": "0000086312-26-000180",
"source_description": "Form 10-Q for the quarter ended September 30, 2026, filed 2026-10-16",
"cash_flow_source_description": "The Form 10-Q prints cash flows for the nine months only; the three-month cash flow figures are as printed in the quarterly statement of cash flows in the financial supplement furnished with the third-quarter 2026 earnings release on Form 8-K, filed 2026-10-16.",
"income_statement": {
"premiums": 11103000000,
"net_investment_income": 1098000000,
"fee_income": 123000000,
"net_realized_investment_gains_losses": -34000000,
"other_revenues": 122000000,
"total_revenues": 12412000000,
"claims_and_claim_adjustment_expenses": 6487000000,
"amortization_of_deferred_acquisition_costs": 1856000000,
"general_and_administrative_expenses": 1582000000,
"interest_expense": 118000000,
"total_claims_and_expenses": 10043000000,
"income_before_income_taxes": 2369000000,
"income_tax_expense": 452000000,
"net_income": 1917000000,
"basic_eps": 9.2,
"diluted_eps": 9.04,
"basic_shares": 206900000,
"diluted_shares": 210600000,
"dividends_declared_per_share": 1.25,
"net_income_available_to_common_shareholders": 1904000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 57.9,
"underwriting_expense_ratio_pct": 28.9,
"combined_ratio_pct": 86.8,
"gross_written_premiums": 12059000000,
"net_written_premiums": 11480000000,
"core_income": 1947000000,
"net_favorable_prior_year_reserve_development": 234000000,
"catastrophe_losses": 538000000
},
"balance_sheet": {
"fixed_maturities_available_for_sale": 89372000000,
"total_investments": 100588000000,
"cash": 766000000,
"premiums_receivable": 12142000000,
"reinsurance_recoverables": 8078000000,
"deferred_acquisition_costs": 3763000000,
"goodwill": 4060000000,
"assets_held_for_sale": 0,
"total_assets": 142089000000,
"claims_and_claim_adjustment_expense_reserves": 68130000000,
"unearned_premium_reserves": 23525000000,
"debt": 9813000000,
"liabilities_held_for_sale": 0,
"total_liabilities": 113094000000,
"accumulated_other_comprehensive_loss": -7063000000,
"total_shareholders_equity": 28995000000,
"common_shares_outstanding": 204900000
},
"cash_flow": {
"operating_cash_flow": 3878000000,
"investing_cash_flow": -2813000000,
"share_repurchases": -1487000000,
"dividends_paid": -259000000,
"issuance_of_debt": 744000000,
"financing_cash_flow": -919000000
},
"book_value": {
"book_value_per_share": 141.48,
"adjusted_book_value_per_share": 172.47
},
"earnings_release_measures": {
"underlying_combined_ratio_pct": 84.1,
"core_income_per_diluted_share": 9.18
},
"book_value_note": "Book value per share and adjusted book value per share are as printed in the third-quarter 2026 earnings release (Form 8-K exhibit 99.1). The Form 10-Q's MD&A prints the same $141.48 book value per share at September 30, 2026."
},
{
"label": "Q3 FY2025",
"fiscal_year": 2025,
"fiscal_quarter": 3,
"period_start": "2025-07-01",
"period_end": "2025-09-30",
"period_type": "three months",
"source_accession": "0000086312-26-000181",
"cash_flow_source_accession": "0000086312-26-000180",
"book_value_source_accession": "0000086312-26-000180",
"earnings_release_measures_source_accession": "0000086312-26-000180",
"source_description": "Year-ago comparative column of the Form 10-Q for the quarter ended September 30, 2026, filed 2026-10-16",
"cash_flow_source_description": "The Form 10-Q prints cash flows for the nine months only; the three-month cash flow figures are as printed in the quarterly statement of cash flows in the financial supplement furnished with the third-quarter 2026 earnings release on Form 8-K, filed 2026-10-16.",
"income_statement": {
"premiums": 11135000000,
"net_investment_income": 1033000000,
"fee_income": 127000000,
"net_realized_investment_gains_losses": 27000000,
"other_revenues": 148000000,
"total_revenues": 12470000000,
"claims_and_claim_adjustment_expenses": 6594000000,
"amortization_of_deferred_acquisition_costs": 1849000000,
"general_and_administrative_expenses": 1572000000,
"interest_expense": 111000000,
"total_claims_and_expenses": 10126000000,
"income_before_income_taxes": 2344000000,
"income_tax_expense": 456000000,
"net_income": 1888000000,
"basic_eps": 8.37,
"diluted_eps": 8.24,
"basic_shares": 224100000,
"diluted_shares": 227500000,
"dividends_declared_per_share": 1.1,
"net_income_available_to_common_shareholders": 1875000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 58.7,
"underwriting_expense_ratio_pct": 28.6,
"combined_ratio_pct": 87.3,
"gross_written_premiums": 12293000000,
"net_written_premiums": 11473000000,
"core_income": 1867000000,
"net_favorable_prior_year_reserve_development": 22000000,
"catastrophe_losses": 402000000
},
"balance_sheet": {
"common_shares_outstanding": 223000000,
"total_shareholders_equity": 31609000000,
"accumulated_other_comprehensive_loss": -3094000000
},
"cash_flow": {
"operating_cash_flow": 4227000000,
"investing_cash_flow": -4553000000,
"share_repurchases": -619000000,
"dividends_paid": -247000000,
"issuance_of_debt": 1233000000,
"financing_cash_flow": 402000000
},
"book_value": {
"book_value_per_share": 141.72,
"adjusted_book_value_per_share": 150.55
},
"earnings_release_measures": {
"underlying_combined_ratio_pct": 83.9,
"core_income_per_diluted_share": 8.14
},
"balance_sheet_note": "The Form 10-Q does not print a balance sheet at September 30, 2025. Shareholders' equity, accumulated other comprehensive loss and common shares outstanding at that date are taken from the year-ago columns of the Form 10-Q's statement of changes in shareholders' equity."
}
],
"year_to_date": {
"label": "Nine months ended September 30, 2026",
"fiscal_year": 2026,
"period_start": "2026-01-01",
"period_end": "2026-09-30",
"period_type": "nine months",
"source_accession": "0000086312-26-000181",
"source_description": "Form 10-Q for the quarter ended September 30, 2026, filed 2026-10-16",
"prior_year_comparative": {
"label": "Nine months ended September 30, 2025",
"fiscal_year": 2025,
"period_start": "2025-01-01",
"period_end": "2025-09-30",
"period_type": "nine months",
"source_accession": "0000086312-26-000181",
"source_description": "Year-ago comparative column of the Form 10-Q for the quarter ended September 30, 2026",
"income_statement": {
"premiums": 32766000000,
"net_investment_income": 2905000000,
"fee_income": 370000000,
"net_realized_investment_gains_losses": -28000000,
"other_revenues": 383000000,
"total_revenues": 36396000000,
"claims_and_claim_adjustment_expenses": 21389000000,
"amortization_of_deferred_acquisition_costs": 5429000000,
"general_and_administrative_expenses": 4576000000,
"interest_expense": 309000000,
"total_claims_and_expenses": 31703000000,
"income_before_income_taxes": 4693000000,
"income_tax_expense": 901000000,
"net_income": 3792000000,
"basic_eps": 16.69,
"diluted_eps": 16.45,
"basic_shares": 225600000,
"diluted_shares": 228900000,
"dividends_declared_per_share": 3.25,
"net_income_available_to_common_shareholders": 3765000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 64.7,
"underwriting_expense_ratio_pct": 28.5,
"combined_ratio_pct": 93.2,
"gross_written_premiums": 36434000000,
"net_written_premiums": 33531000000,
"core_income": 3814000000,
"net_favorable_prior_year_reserve_development": 715000000,
"catastrophe_losses": 3595000000
},
"cash_flow": {
"operating_cash_flow": 7921000000,
"investing_cash_flow": -7077000000,
"share_repurchases": -1369000000,
"dividends_paid": -737000000,
"payment_of_debt": 0,
"issuance_of_debt": 1233000000,
"financing_cash_flow": -835000000,
"proceeds_from_divestiture_of_canadian_business": 0
},
"earnings_release_measures": {
"underlying_combined_ratio_pct": 84.4,
"core_income_per_diluted_share": 16.54
},
"earnings_release_measures_source_accession": "0000086312-26-000180"
},
"income_statement": {
"premiums": 32461000000,
"net_investment_income": 3176000000,
"fee_income": 370000000,
"net_realized_investment_gains_losses": 75000000,
"other_revenues": 407000000,
"total_revenues": 36489000000,
"claims_and_claim_adjustment_expenses": 18791000000,
"amortization_of_deferred_acquisition_costs": 5408000000,
"general_and_administrative_expenses": 4688000000,
"interest_expense": 347000000,
"total_claims_and_expenses": 29234000000,
"income_before_income_taxes": 7255000000,
"income_tax_expense": 1419000000,
"net_income": 5836000000,
"basic_eps": 27.48,
"diluted_eps": 27.05,
"basic_shares": 210900000,
"diluted_shares": 214200000,
"dividends_declared_per_share": 3.6,
"net_income_available_to_common_shareholders": 5795000000
},
"operating_metrics": {
"loss_and_lae_ratio_pct": 57.3,
"underwriting_expense_ratio_pct": 29,
"combined_ratio_pct": 86.3,
"gross_written_premiums": 36029000000,
"net_written_premiums": 33347000000,
"core_income": 5803000000,
"net_favorable_prior_year_reserve_development": 1225000000,
"catastrophe_losses": 1817000000
},
"cash_flow": {
"operating_cash_flow": 7992000000,
"investing_cash_flow": -3313000000,
"share_repurchases": -4585000000,
"dividends_paid": -759000000,
"payment_of_debt": -200000000,
"issuance_of_debt": 744000000,
"financing_cash_flow": -4747000000,
"proceeds_from_divestiture_of_canadian_business": 2388000000
},
"earnings_release_measures": {
"underlying_combined_ratio_pct": 84.5,
"core_income_per_diluted_share": 26.9
},
"earnings_release_measures_source_accession": "0000086312-26-000180"
},
"trailing_twelve_months": {
"label": "Twelve months ended September 30, 2026",
"period_start": "2025-10-01",
"period_end": "2026-09-30",
"period_type": "trailing twelve months",
"source_accession": "0000086312-26-000181",
"derived_from_accessions": [
"0000086312-26-000065",
"0000086312-26-000181"
],
"source_description": "Derived: fiscal 2025 (Form 10-K) plus the nine months ended September 30, 2026, less the nine months ended September 30, 2025 (both from the third-quarter 2026 Form 10-Q).",
"income_statement": {
"total_revenues": 48921000000,
"premiums": 43609000000,
"net_investment_income": 4230000000,
"net_income": 8332000000
},
"operating_metrics": {
"core_income": 8314000000
},
"cash_flow": {
"operating_cash_flow": 10677000000
},
"note": "Each figure equals the sum of the four quarters ended September 30, 2026 as printed in the third-quarter 2026 financial supplement (Form 8-K, accession 0000086312-26-000180): net income 2,496 + 1,711 + 2,208 + 1,917 = $8,332 million; core income 2,511 + 1,696 + 2,160 + 1,947 = $8,314 million; operating cash flow 2,685 + 2,198 + 1,916 + 3,878 = $10,677 million."
},
"notes": [
"Sources: the Form 10-K for fiscal 2025 (accession 0000086312-26-000065) for fiscal years 2025, 2024 and 2023, and the Form 10-Q for the quarter ended September 30, 2026 (accession 0000086312-26-000181) for the third quarters of 2026 and 2025 and the nine-month year-to-date periods. Three-month cash flows, book value per share for the quarters, underlying combined ratio and core income per diluted share come from the third-quarter 2026 earnings release and financial supplement furnished on Form 8-K (accession 0000086312-26-000180); each period names that accession for those blocks.",
"The 10-Q prints its cash flow statement for the nine months only. The three-month cash flow figures for the third quarters of 2026 and 2025 are the quarterly columns of the financial supplement; the supplement's first three quarters of 2026 sum to the 10-Q's nine-month operating cash flow of $7,992 million, and its first three quarters of 2025 to $7,921 million.",
"Ratios are Travelers' own GAAP-basis measures as printed: the loss and loss adjustment expense ratio plus the underwriting expense ratio equals the combined ratio. The underlying combined ratio excludes catastrophe losses and prior-year reserve development.",
"Core income is Travelers' measure of net income excluding the after-tax impact of net realized investment gains (losses), among other items; it is reconciled to net income in the segment note of both the 10-K and the 10-Q. Adjusted book value per share excludes net unrealized investment gains and losses, net of tax, from shareholders' equity.",
"Catastrophe losses and net favorable prior-year reserve development are pre-tax and net of reinsurance, as printed for total reportable segments in the segment note. Fiscal 2023 includes net unfavorable development of $289 million in Business Insurance, so the $143 million consolidated figure is a net amount.",
"On January 2, 2026 Travelers completed the sale of its Canadian personal insurance business and the majority of its Canadian commercial insurance business to Definity Financial Corporation for approximately US$2.4 billion. The prior periods were not restated: the business is included in all 2025 and earlier figures, and its assets ($4,550 million) and liabilities ($2,542 million) are shown as held for sale on the December 31, 2025 balance sheet. The 10-Q states that third-quarter 2025 figures included $259 million of earned premiums and $240 million of net written premiums from the Canadian operations, and the first nine months of 2025 included $783 million and $736 million respectively. Cash proceeds of $2,388 million appear in nine-month 2026 investing cash flows.",
"Share repurchases and dividends paid are the cash amounts in the statement of cash flows. The statement of changes in shareholders' equity shows slightly different repurchase amounts (for example $1,500 million under repurchase authorizations in the third quarter of 2026, against $1,487 million paid in cash).",
"Travelers includes restricted and deferred stock units as participating securities in its earnings per share calculation, so both basic and diluted EPS are struck on net income available to common shareholders, which is net income less income allocated to those awards (fiscal 2025: $6,288 million less $46 million = $6,242 million; $6,242 million / 227.6 million diluted shares = $27.43).",
"Year-to-date and trailing-twelve-month views describe this period only. The trailing twelve months ended September 30, 2026 are derived as fiscal 2025 plus the nine months ended September 30, 2026 less the nine months ended September 30, 2025."
],
"uncertainties": [
"Book value per share is not available for December 31, 2024 or December 31, 2023: neither filing prints it for those dates, and it is not computed here.",
"Combined ratios and other ratios are not provided for the trailing twelve months, because Travelers does not print them on that basis."
],
"schema_note": "Insurer template. Travelers is a property and casualty insurer, so the record is organised around earned and written premiums, net investment income, claims, catastrophe losses, prior-year reserve development, the loss, expense and combined ratios, core income, investments, claim reserves, shareholders' equity and book value per share. Revenue/cost-of-revenue/capital-expenditure lines are not a meaningful frame for an insurer and are not used.",
"fiscal_calendar_note": "Travelers' fiscal year is the calendar year; its third quarter runs July 1 to September 30.",
"headline": {
"period": "Q3 FY2026",
"period_end_words": "September 30, 2026",
"metrics": [
{
"label": "Total revenues",
"format": "usd",
"value": 12412000000,
"text": "$12.41 billion",
"exact": "$12,412,000,000",
"compact": "$12.41B",
"abs": "$12.41 billion",
"prior_value": 12470000000,
"prior": "$12.47 billion",
"priorabs": "$12.47 billion",
"yoy": "down 0.5%",
"source": {
"array": "quarterly",
"field": "income_statement.total_revenues",
"index": 0,
"period_label": "Q3 FY2026",
"period_end": "2026-09-30",
"period_start": "2026-07-01",
"span_days": 91,
"source_accession": "0000086312-26-000181",
"prior_index": 1,
"prior_period_label": "Q3 FY2025",
"prior_period_end": "2025-09-30",
"prior_period_start": "2025-07-01",
"prior_span_days": 91,
"prior_source_accession": "0000086312-26-000181",
"gap_days": 365
}
},
{
"label": "Net income",
"format": "usd",
"value": 1917000000,
"text": "$1.92 billion",
"exact": "$1,917,000,000",
"compact": "$1.92B",
"abs": "$1.92 billion",
"prior_value": 1888000000,
"prior": "$1.89 billion",
"priorabs": "$1.89 billion",
"yoy": "up 1.5%",
"source": {
"array": "quarterly",
"field": "income_statement.net_income",
"index": 0,
"period_label": "Q3 FY2026",
"period_end": "2026-09-30",
"period_start": "2026-07-01",
"span_days": 91,
"source_accession": "0000086312-26-000181",
"prior_index": 1,
"prior_period_label": "Q3 FY2025",
"prior_period_end": "2025-09-30",
"prior_period_start": "2025-07-01",
"prior_span_days": 91,
"prior_source_accession": "0000086312-26-000181",
"gap_days": 365
}
},
{
"label": "Diluted EPS",
"format": "eps",
"value": 9.04,
"text": "$9.04",
"exact": "$9.04",
"compact": "$9.04",
"abs": "$9.04",
"prior_value": 8.24,
"prior": "$8.24",
"priorabs": "$8.24",
"yoy": "up 9.7%",
"source": {
"array": "quarterly",
"field": "income_statement.diluted_eps",
"index": 0,
"period_label": "Q3 FY2026",
"period_end": "2026-09-30",
"period_start": "2026-07-01",
"span_days": 91,
"source_accession": "0000086312-26-000181",
"prior_index": 1,
"prior_period_label": "Q3 FY2025",
"prior_period_end": "2025-09-30",
"prior_period_start": "2025-07-01",
"prior_span_days": 91,
"prior_source_accession": "0000086312-26-000181",
"gap_days": 365
}
},
{
"label": "Combined ratio",
"format": "pct",
"value": 86.8,
"text": "86.8%",
"exact": "86.8%",
"compact": "86.8%",
"abs": "86.8%",
"prior_value": 87.3,
"prior": "87.3%",
"priorabs": "87.3%",
"yoy": "down 0.5 points",
"source": {
"array": "quarterly",
"field": "operating_metrics.combined_ratio_pct",
"index": 0,
"period_label": "Q3 FY2026",
"period_end": "2026-09-30",
"period_start": "2026-07-01",
"span_days": 91,
"source_accession": "0000086312-26-000181",
"prior_index": 1,
"prior_period_label": "Q3 FY2025",
"prior_period_end": "2025-09-30",
"prior_period_start": "2025-07-01",
"prior_span_days": 91,
"prior_source_accession": "0000086312-26-000181",
"gap_days": 365
}
},
{
"label": "Catastrophe losses (pre-tax)",
"format": "usd",
"value": 538000000,
"text": "$538 million",
"exact": "$538,000,000",
"compact": "$538.00M",
"abs": "$538 million",
"prior_value": 402000000,
"prior": "$402 million",
"priorabs": "$402 million",
"yoy": "up 33.8%",
"source": {
"array": "quarterly",
"field": "operating_metrics.catastrophe_losses",
"index": 0,
"period_label": "Q3 FY2026",
"period_end": "2026-09-30",
"period_start": "2026-07-01",
"span_days": 91,
"source_accession": "0000086312-26-000181",
"prior_index": 1,
"prior_period_label": "Q3 FY2025",
"prior_period_end": "2025-09-30",
"prior_period_start": "2025-07-01",
"prior_span_days": 91,
"prior_source_accession": "0000086312-26-000181",
"gap_days": 365
}
}
],
"summary": "The Travelers Companies reported net income of $1.92 billion for Q3 FY2026, the quarter ended September 30, 2026, up 1.5% from a year earlier, and diluted earnings per share of $9.04, up 9.7%, rising faster than net income because share repurchases reduced the share count. Total revenues were $12.41 billion, down 0.5%, with the year-ago quarter still including most of the Canadian business that Travelers sold to Definity Financial Corporation in January. The combined ratio improved to 86.8% from 87.3% as larger favorable prior-year reserve development more than offset higher catastrophe losses of $538 million, up from $402 million.",
"qa": [
{
"q": "How much did Travelers earn in Q3 FY2026?",
"a": "The Travelers Companies reported net income of $1.92 billion for Q3 FY2026, the quarter ended September 30, 2026, up 1.5% from $1.89 billion a year earlier. Diluted earnings per share were $9.04, compared with $8.24, as share repurchases reduced the share count."
},
{
"q": "What was Travelers' revenue in Q3 FY2026?",
"a": "The Travelers Companies reported total revenues of $12.41 billion for Q3 FY2026, down 0.5% from $12.47 billion a year earlier. The year-ago quarter still included most of the Canadian business that Travelers sold to Definity Financial Corporation in January."
},
{
"q": "What was Travelers' combined ratio in Q3 FY2026?",
"a": "The Travelers Companies reported a combined ratio of 86.8% for Q3 FY2026, compared with 87.3% a year earlier. The ratio measures claims and underwriting expenses against earned premiums, so a lower figure means a more profitable underwriting result."
},
{
"q": "How much did catastrophes cost Travelers in Q3 FY2026?",
"a": "The Travelers Companies reported catastrophe losses of $538 million before tax and net of reinsurance for Q3 FY2026, up from $402 million a year earlier, mostly from severe wind and hail storms."
}
]
},
"company_details": {
"Name": "Travelers Companies, Inc.",
"Ticker": "TRV",
"CIK": "0000086312",
"Exchange": "NYSE",
"State": "Minnesota",
"Incorporation": "Minnesota",
"SIC": "6331",
"Office": "Finance",
"Industry": "Fire, Marine & Casualty Insurance"
},
"next_filing": {
"predicted_date": "2027-02-11",
"predicted_type": "10-K"
},
"fiscal_period": {
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"fiscal_period": "Q3",
"tag": "FY26Q3",
"period_end": "2026-09-30",
"form": "10-Q",
"accession": "0000086312-26-000181",
"fiscal_year_end": "1231",
"source": "facts"
},
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{
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"current": false,
"form": "10-K",
"fiscal_year": 2025,
"fiscal_period": "FY",
"tag": "FY25",
"period_end": "2025-12-31",
"filed": "2026-02-12",
"accession": "0000086312-26-000065",
"url": "https://www.sec.gov/Archives/edgar/data/86312/000008631226000065/trv-20251231.htm",
"source": "reported"
},
{
"role": "quarterly",
"current": true,
"form": "10-Q",
"fiscal_year": 2026,
"fiscal_period": "Q3",
"tag": "FY26Q3",
"period_end": "2026-09-30",
"filed": "2026-10-16",
"accession": "0000086312-26-000181",
"url": "https://www.sec.gov/Archives/edgar/data/86312/000008631226000181/trv-20260930.htm",
"source": "facts"
}
],
"figure_sources": {
"about": "Where each figure in this file is printed in its SEC filing. This block mirrors the paths of the figures: figure_sources.annual[0].income_statement.net_income is the source of annual[0].income_statement.net_income. Each entry reads '<document>#<anchor>', and the link is documents[<document>] + '#<anchor>': it opens the filing at the line that prints that number. A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.",
"documents": {
"d1": "https://www.sec.gov/Archives/edgar/data/86312/000008631226000065/trv-20251231.htm",
"d2": "https://www.sec.gov/Archives/edgar/data/86312/000008631226000181/trv-20260930.htm"
},
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{
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"income_statement": {
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"basic_eps": "d1#f-96",
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},
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{
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},
{
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}
}