AM Best Affirms Credit Ratings of The Travelers Companies, Inc. and Subsidiaries

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OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the main subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) [NYSE: TRV], collectively known as Travelers Group (Travelers). In addition, AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of “aa+” (Superior) of Travelers Casualty and Surety Company of America (TCSA) (Hartford, CT). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of First Floridian Auto and Home Insurance Company (First Floridian) (Tampa, FL).

AM Best also has affirmed the Long-Term ICRs and existing Long-Term Issue Credit Ratings (Long-Term IR) of “a+” (Excellent) of TRV and its two wholly owned downstream holding companies, Travelers Property Casualty Corp. and Travelers Insurance Group Holdings Inc. (both headquartered in Hartford, CT).ll outstanding securities issued by the two downstream holding companies are guaranteed by TRV. At the same time, AM Best has affirmed all other Long-Term IRs and Short-Term Issue Credit Ratings (Short-Term IR) guaranteed by TRV, as well as TRV’s indicative Long-Term IRs. The outlook of these Credit Ratings (ratings) is stable.

The ratings of Travelers reflect the group’s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and appropriate enterprise risk management (ERM). The group’s balance sheet strength assessment is supported by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Additionally, the balance sheet strength assessment reflects the group’s consistent favorable loss reserve development trends, conservative investment portfolio, comprehensive reinsurance programs, as well as the benefit afforded from the additional financial flexibility provided by its publicly traded parent, TRV.

Travelers’ very strong operating performance assessment reflects sustained underwriting and operating profitability over the long-term. In 2025, the group reported $4.1 billion in net underwriting income, the largest in its history. Underwriting results combined with investment income resulted in total net income of $6.5 billion for the year.

The group maintains strong market positions as evidenced by being the fifth largest property/casualty (P/C) insurer in the United States based on 2025 direct premiums written, the seventh largest personal lines writer, and second largest commercial lines writer, per AM Best. In addition, Travelers maintains favorable geographic and product diversification offering a wide variety of P/C coverages in all 50 states, the District of Columbia, Canada, England, Ireland, Guam, Puerto Rico, the U.S. Virgin Islands and the Northern Mariana Islands.

The ratings of TCSA reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and appropriate ERM.

The ratings of First Floridian reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate ERM. The ratings also reflect the implicit support it receives from its ultimate parent, TRV.

A complete listing of The Travelers Companies, Inc.’s FSRs, Long-Term ICRs and Long- and Short-Term IRs is available.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260821105140/en/

Cristian Sieira, CRA, CPCU
Senior Financial Analyst
+1 908 882 2315
cristian.sieira@ambest.com

Carlos Wong-Fupuy
Senior Director
+1 908 882 2438
carlos.wong-fupuy@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Source: AM Best