Travelers Compan Stock Price, News & Analysis

The Travelers Institute, a public policy division of The Travelers Companies (NYSE: TRV), will host the Cyber: Prepare, Prevent, Mitigate, Restore® symposium on April 17 in Portland. This sold-out event aims to enhance dialogue on cyber preparedness among businesses. According to a recent survey, only 27% of Portland leaders feel informed enough to protect against cyber threats. The symposium will feature speakers from the U.S. Small Business Administration and the Cybersecurity and Infrastructure Security Agency (CISA), addressing the importance of cybersecurity. The event runs from 11:30 a.m. to 1:30 p.m. PST at the Multnomah Athletic Club. All Travelers Institute events are free and open to the public, encouraging local businesses to enhance their cybersecurity measures.

The Travelers Companies, Inc. (NYSE: TRV) announced findings from the 2023 Travelers Risk Index on distracted driving. The survey indicates a rise in dangerous driving behaviors, with technology as a leading distraction. Notably, 70% of respondents believe distracted driving has worsened, correlating with an 18% increase in traffic fatalities in 2022 compared to pre-pandemic levels. Key distractions include mobile device usage, drowsiness, and heightened emotions. The report emphasizes the importance of avoiding distractions to enhance road safety and suggests potential solutions like financial incentives for safe driving.

The Travelers Institute, public policy division of The Travelers Companies (NYSE: TRV), is hosting its 50th Cyber: Prepare, Prevent, Mitigate, Restore symposium on March 21 at the New York Stock Exchange. This event aims to foster dialogue on cyber resilience strategies for organizations. Notably, the 2022 Travelers Risk Index revealed that 80% of leaders struggle to keep pace with evolving cyber threats. The symposium features speakers including Valerie Cofield from CISA and Tim Francis from Travelers. The event is free and open to the public, with registration available online.

The Travelers Companies, Inc. (NYSE: TRV) will review its first quarter 2023 results on April 19 at 9 a.m. ET. The results will be released earlier that morning. Investors may access the conference call via webcast at investor.travelers.com or by dialing 888-440-6281 in the U.S. (646-960-0218 outside the U.S.). A replay will be available for one year online and via telephone for 30 days. Travelers is a leading provider of property casualty insurance with over 30,000 employees and generated approximately $37 billion in revenue in 2022.

The Travelers Institute has announced its spring 2023 virtual programming schedule, featuring a series of webinars called Wednesdays with Woodward hosted by Joan Woodward, the Institute's President. The webinars will address pressing topics such as AI, cybersecurity, and workers' compensation. Key events include discussions on the impacts of emerging AI capabilities on March 1, a cyber risk assessment on March 15, and a conversation with Stanley Black & Decker's CEO on March 22. The events are free and open to the public, encouraging business leaders to gain insights from industry experts.

The Travelers Companies, Inc. (NYSE: TRV) has launched the Travelers Innovation Network for Construction, an online platform designed to assist construction customers in accessing industry insights and technology solutions for risk management.

This platform aims to enhance productivity and safety on job sites, addressing challenges such as water loss detection and site monitoring. Eligible users can also benefit from discounts on specific products. This initiative exemplifies Travelers' commitment to partnering with construction clients to foster safety and effective risk management.

Travelers Europe has appointed Peter McConnell as the new Chief Financial Officer, succeeding Mike Gent. McConnell brings over 20 years of experience in the insurance industry, including 16 years in senior finance roles at WTW. He will report to Matthew Wilson, CEO of Travelers Europe, and will also join the UK subsidiary’s Board of Directors pending regulatory approval. The company recognizes Gent's contributions over the past 25 years, highlighting its ongoing commitment to growth in the European market.

The Travelers Companies, Inc. announced its fourth quarter 2022 financial results, reporting a net income of $819 million, or $3.44 per diluted share, down 39% from the prior year. Core income also declined to $810 million, or $3.40 per diluted share, reflecting increased catastrophe losses of $459 million. Despite these challenges, the company achieved a record net earned premium of $8.829 billion, a 10% increase year-over-year. The combined ratio stood at 94.5%, worsened by higher catastrophe losses. Shareholders received $721 million in capital returns, including $501 million in share buybacks. The board declared a dividend of $0.93 per share.