Travelers Compan Financials

TRV

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Travelers Compan (TRV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TRV FY2025 2026-05-05

Cash conversion and capital rebuilding are strong enough to fund buybacks while the balance sheet quietly gets sturdier.

From FY2023 to FY2025, equity capital rose from $24.9B to $32.9B. Over the same span, debt-to-equity fell from 4.1x to 3.4x despite ongoing buybacks and dividends, meaning retained earnings rebuilt capital faster than payouts and liability growth consumed it; for a company returning cash this aggressively, that is a meaningful strengthening of financial posture.

In FY2025, operating cash flow of $10.6B exceeded net income of $6.3B, and the same relationship held in FY2024. That recurring gap suggests earnings are backed by real cash generation, so capital returns and balance-sheet funding are coming from inflows rather than accounting timing alone, which makes the profit stream look higher quality on a cash basis.

From FY2023 to FY2025, selling and administrative costs held near 12.5% of revenue. Meanwhile, net margin widened from 7.2% to 12.9%, showing the profit improvement did not require a leaner overhead ratio; more revenue was translating into bottom-line earnings instead of just a larger expense base, which is the shape of operating leverage rather than simple cost cutting.

Financial Health Signals

Financial Profile 22/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Travelers Compan's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Travelers Compan's revenue grew 5.2% year-over-year to $48.8B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage

Travelers Compan has a moderate D/E ratio of 3.37. This balance of debt and equity financing earns a leverage score of 33/100.

Returns

Travelers Compan's ROE of 19.1% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 17.9% the prior year.

Piotroski F-Score Neutral

5/9

Travelers Compan passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.69x

For every $1 of reported earnings, Travelers Compan generates $1.69 in operating cash flow ($10.6B OCF vs $6.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$48.8B

YoY+5.2%

5Y CAGR+8.8%

10Y CAGR+6.2%

Travelers Compan generated $48.8B in revenue in fiscal year 2025. This represents an increase of 5.2% from the prior year.

EBITDA

N/A

Net Income

$6.3B

YoY+25.8%

5Y CAGR+18.4%

10Y CAGR+6.2%

Travelers Compan reported $6.3B in net income in fiscal year 2025. This represents an increase of 25.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$842.0M

YoY+20.5%

5Y CAGR+3.2%

10Y CAGR+8.3%

Travelers Compan held $842.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

216M

YoY-4.6%

5Y CAGR-3.0%

10Y CAGR-3.1%

Travelers Compan had 216M shares outstanding in fiscal year 2025. This represents a decrease of 4.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

12.9%

YoY+2.1pp

5Y CAGR+4.5pp

10Y CAGR+0.1pp

Travelers Compan's net profit margin was 12.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

19.1%

YoY+1.2pp

5Y CAGR+9.9pp

10Y CAGR+4.6pp

Travelers Compan's ROE was 19.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$3.0B

YoY+199.5%

5Y CAGR+36.9%

10Y CAGR-0.5%

Travelers Compan spent $3.0B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 199.5% from the prior year.

Capital Expenditures

N/A

TRV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$48.8B+5.2%	$46.4B+12.2%	$41.4B+12.1%	$36.9B+5.9%	$34.8B+8.9%	$32.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.1B+5.2%	$5.8B+12.4%	$5.2B+7.6%	$4.8B+2.8%	$4.7B+3.7%	$4.5B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$425.0M+8.4%	$392.0M+4.3%	$376.0M+7.1%	$351.0M+3.2%	$340.0M+0.3%	$339.0M
Income Tax	$1.5B+27.7%	$1.2B+210.8%	$380.0M-25.8%	$512.0M-35.7%	$796.0M+47.4%	$540.0M
Net Income	$6.3B+25.8%	$5.0B+67.1%	$3.0B+5.2%	$2.8B-22.4%	$3.7B+35.8%	$2.7B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$11.9B-4.1%	$12.4B-0.3%	$12.5B+2.9%	$12.1B+2.6%	$11.8B-1.6%	$12.0B+0.9%	$11.9B+5.5%	$11.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.5B-0.2%	$1.5B-1.8%	$1.6B+1.7%	$1.5B+5.9%	$1.5B-1.1%	$1.5B+1.0%	$1.5B-1.2%	$1.5B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$116.0M0.0%	$116.0M+4.5%	$111.0M+12.1%	$99.0M0.0%	$99.0M+1.0%	$98.0M0.0%	$98.0M0.0%	$98.0M
Income Tax	$408.0M-32.8%	$607.0M+33.1%	$456.0M+22.6%	$372.0M+409.6%	$73.0M-85.7%	$512.0M+70.7%	$300.0M+145.9%	$122.0M
Net Income	$1.7B-31.5%	$2.5B+32.2%	$1.9B+25.1%	$1.5B+282.0%	$395.0M-81.0%	$2.1B+65.2%	$1.3B+136.0%	$534.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TRV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$143.7B+7.9%	$133.2B+5.7%	$126.0B+8.9%	$115.7B-3.9%	$120.5B+3.2%	$116.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$842.0M+20.5%	$699.0M+7.5%	$650.0M-18.6%	$799.0M+5.0%	$761.0M+5.5%	$721.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.1B-3.9%	$4.2B+6.5%	$4.0B+0.6%	$4.0B-1.4%	$4.0B+0.8%	$4.0B
Total Liabilities	$110.8B+5.2%	$105.3B+4.2%	$101.1B+7.3%	$94.2B+2.8%	$91.6B+4.6%	$87.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$32.9B+18.1%	$27.9B+11.8%	$24.9B+15.6%	$21.6B-25.4%	$28.9B-1.1%	$29.2B
Retained Earnings	$54.9B+10.7%	$49.6B+8.9%	$45.6B+4.8%	$43.5B+4.7%	$41.6B+7.2%	$38.8B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$142.3B-1.0%	$143.7B0.0%	$143.7B+3.5%	$138.9B+2.1%	$136.0B+2.1%	$133.2B-1.0%	$134.6B+4.1%	$129.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$615.0M-27.0%	$842.0M+15.5%	$729.0M+10.6%	$659.0M-9.0%	$724.0M+3.6%	$699.0M-9.5%	$772.0M+5.9%	$729.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.1B-0.1%	$4.1B-4.8%	$4.3B-0.3%	$4.3B+0.9%	$4.2B+0.3%	$4.2B-0.9%	$4.3B+0.5%	$4.3B
Total Liabilities	$110.3B-0.4%	$110.8B-1.1%	$112.1B+2.5%	$109.4B+1.5%	$107.8B+2.3%	$105.3B-1.5%	$106.9B+2.3%	$104.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$32.0B-2.8%	$32.9B+4.1%	$31.6B+7.1%	$29.5B+4.7%	$28.2B+1.2%	$27.9B+0.6%	$27.7B+11.4%	$24.9B
Retained Earnings	$56.4B+2.7%	$54.9B+4.3%	$52.7B+3.2%	$51.0B+2.5%	$49.8B+0.3%	$49.6B+3.9%	$47.8B+2.2%	$46.8B

TRV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$10.6B+16.9%	$9.1B+17.7%	$7.7B+19.3%	$6.5B-11.1%	$7.3B+11.6%	$6.5B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$7.7B-5.3%	-$7.3B-6.5%	-$6.8B-83.0%	-$3.7B+28.3%	-$5.2B-6.2%	-$4.9B
Financing Cash Flow	-$2.7B-52.4%	-$1.7B-66.2%	-$1.1B+60.6%	-$2.7B-31.0%	-$2.0B-43.9%	-$1.4B
Dividends Paid	$979.0M+2.9%	$951.0M+4.7%	$908.0M+3.8%	$875.0M+0.7%	$869.0M+0.9%	$861.0M
Share Buybacks	$3.0B+199.5%	$1.0B+4.7%	$958.0M-52.1%	$2.0B-7.2%	$2.2B+245.0%	$625.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$2.2B-18.1%	$2.7B-36.5%	$4.2B+81.1%	$2.3B+71.6%	$1.4B-34.1%	$2.1B-46.7%	$3.9B+131.1%	$1.7B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$335.0M+41.7%	-$575.0M+87.4%	-$4.6B-165.3%	-$1.7B-112.4%	-$808.0M+52.3%	-$1.7B+50.1%	-$3.4B-196.7%	-$1.1B
Financing Cash Flow	-$2.1B-14.1%	-$1.8B-554.7%	$402.0M+157.3%	-$702.0M-31.2%	-$535.0M-26.8%	-$422.0M+7.0%	-$454.0M+3.8%	-$472.0M
Dividends Paid	$237.0M-2.1%	$242.0M-2.0%	$247.0M-1.2%	$250.0M+4.2%	$240.0M0.0%	$240.0M+0.8%	$238.0M-2.5%	$244.0M
Share Buybacks	$1.8B+9.2%	$1.6B+164.1%	$619.0M+23.8%	$500.0M+100.0%	$250.0M-2.3%	$256.0M+3.2%	$248.0M-0.4%	$249.0M

TRV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.9%+2.1pp	10.8%+3.5pp	7.2%-0.5pp	7.7%-2.8pp	10.5%+2.1pp	8.4%
Return on Equity	19.1%+1.2pp	17.9%+5.9pp	12.0%-1.2pp	13.2%+0.5pp	12.7%+3.4pp	9.2%
Return on Assets	4.4%+0.6pp	3.8%+1.4pp	2.4%-0.1pp	2.5%-0.6pp	3.0%+0.7pp	2.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.37-0.4	3.78-0.3	4.06-0.3	4.37+1.2	3.17+0.2	3.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.3%-5.7pp	20.1%+4.9pp	15.1%+2.7pp	12.4%+9.1pp	3.3%-14.0pp	17.3%+6.8pp	10.6%+5.9pp	4.7%
Return on Equity	5.3%-2.2pp	7.6%+1.6pp	6.0%+0.9pp	5.1%+3.7pp	1.4%-6.1pp	7.5%+2.9pp	4.5%+2.4pp	2.1%
Return on Assets	1.2%-0.5pp	1.7%+0.4pp	1.3%+0.2pp	1.1%+0.8pp	0.3%-1.3pp	1.6%+0.6pp	0.9%+0.5pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.45+0.1	3.37-0.2	3.55-0.2	3.70-0.1	3.82+0.0	3.78-0.1	3.86-0.3	4.20
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Travelers Compan's annual revenue?

Travelers Compan (TRV) reported $48.8B in total revenue for fiscal year 2025. This represents a 5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Travelers Compan's revenue growing?

Travelers Compan (TRV) revenue grew by 5.2% year-over-year, from $46.4B to $48.8B in fiscal year 2025.

Is Travelers Compan profitable?

Yes, Travelers Compan (TRV) reported a net income of $6.3B in fiscal year 2025, with a net profit margin of 12.9%.

What is Travelers Compan's net profit margin?

Travelers Compan (TRV) had a net profit margin of 12.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Travelers Compan's return on equity (ROE)?

Travelers Compan (TRV) has a return on equity of 19.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Travelers Compan's operating cash flow?

Travelers Compan (TRV) generated $10.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Travelers Compan's total assets?

Travelers Compan (TRV) had $143.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Travelers Compan buy back shares?

Yes, Travelers Compan (TRV) spent $3.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Travelers Compan have outstanding?

Travelers Compan (TRV) had 216M shares outstanding as of fiscal year 2025.

What is Travelers Compan's debt-to-equity ratio?

Travelers Compan (TRV) had a debt-to-equity ratio of 3.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Travelers Compan's return on assets (ROA)?

Travelers Compan (TRV) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Travelers Compan's Piotroski F-Score?

Travelers Compan (TRV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Travelers Compan's earnings high quality?

Travelers Compan (TRV) has an earnings quality ratio of 1.69x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Travelers Compan?

Travelers Compan (TRV) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.