Travelers Compan Stock Price, News & Analysis

The Travelers Companies reported a strong second quarter 2021, with a net income of $934 million, or $3.66 per diluted share, up from a net loss of $40 million a year ago. Core income was $879 million, compared to a core loss of $50 million. Main drivers of this recovery included higher net investment income, lower catastrophe losses, and net favorable prior year reserve development. Net written premiums rose 11% to $8.135 billion, reflecting strong growth across all segments. The combined ratio improved to 95.3%. Share repurchases totaled $401 million.

The Travelers Companies (NYSE: TRV) has announced a strategic minority investment in Fidelis Insurance Holdings Limited, a global insurer. The transaction details were not disclosed. Fidelis specializes in bespoke insurance and reinsurance products, complemented by a fee income business. Greg Toczydlowski, EVP at Travelers, expressed confidence in Fidelis's management team and noted the alignment of this investment with Travelers' strategy in the specialty market. Travelers continues to be a significant player in property casualty insurance, generating approximately $32 billion in revenue in 2020.

The Travelers Institute will host a free webinar on July 14 titled “Can You Innovate Like a Unicorn?” focusing on strategies companies use to adapt to changing risks and consumer preferences. The session will provide insights from startups valued over $1 billion, known as unicorns, and discuss how established companies can harness innovation. Featuring Kevin Smith, Chief Innovation Officer at Travelers, and other industry experts, the event aims to guide business leaders in developing innovative solutions to enhance customer experiences.

The Travelers Companies, Inc. (NYSE: TRV) has announced the start of the 2021 Travelers Championship at TPC River Highlands, Connecticut, featuring top PGA TOUR players. Fans will be allowed on-site following last year's TV-only event. Travelers extended its title sponsorship until 2030, becoming the longest-serving title sponsor in the tournament's history. Since 2007, the event has raised over $20 million for nearly 800 nonprofits, with The Hole in the Wall Gang Camp as this year’s primary beneficiary, receiving significant rebuilding support after a fire. Competition rounds run from June 24-27.

The Travelers Companies, Inc. (NYSE: TRV) will discuss its second quarter 2021 results on July 20 at 9 a.m. ET. The results will be released earlier that day, and investors can access the call via webcast at investor.travelers.com or by phone. A replay will be available for one year via webcast and for 30 days by telephone. Known for providing property casualty insurance, Travelers generated approximately $32 billion in revenues in 2020 and is part of the Dow Jones Industrial Average.

AM Best has assigned a Long-Term Issue Credit Rating of 'a+' (Excellent) to Travelers' newly issued $750 million, 3.05% 30-year senior unsecured notes, maturing June 8, 2051. The rating outlook is stable, and all other ratings for Travelers remain unchanged. The funds will support general corporate purposes. Although Travelers' financial leverage will see a modest increase, it remains compliant with AM Best's rating guidelines. AM Best positively assesses Travelers' debt-servicing capabilities, highlighting its liquidity, structured debt maturity, and solid interest coverage.

The Travelers Companies, Inc. (NYSE: TRV) has introduced a Wildfire Defense Services endorsement for its home and landlord policies in Colorado, available at no extra cost. This initiative, a partnership with Wildfire Defense Systems, aims to protect properties during wildfires through preventative measures such as applying fire retardant and relocating combustible materials. Travelers previously offered a similar service in California since 2019. The endorsement seeks to enhance customer value and manage wildfire risks, although WDS cannot guarantee service to all properties in danger.

The Travelers Institute will commence its summer programming with a webinar titled The Future of Cities on May 26 at 1 p.m. ET. Hosted by Joan Woodward, this event will focus on urban challenges and opportunities in the post-pandemic landscape, especially in New York City and San Francisco. Key speakers include Kathryn S. Wylde and Jim Wunderman. Other upcoming webinars include discussions on pandemic recovery, the NYSE, ESG issues, and innovation, all aimed at equipping attendees with valuable insights.