Travelers Compan Stock Price, News & Analysis

The Travelers Institute, part of The Travelers Companies (NYSE: TRV), announced the upcoming fall schedule for its webinar series, ‘Wednesdays with Woodward,’ starting on Sept. 8. The series will cover various topics including politics, public health, and technology. Notable discussions include a session with political analyst David Wasserman on census data and redistricting on Sept. 8. Other topics range from marijuana legalization and roadway safety to cybercrime. All events are free and accessible to the public via the Travelers Institute website.

The Travelers Companies (NYSE: TRV) participated in a White House meeting with President Biden and industry leaders to discuss enhancing cybersecurity. CEO Alan Schnitzer emphasized the importance of addressing cyber risks, which are a top concern for businesses in the U.S., according to the Travelers Risk Index. He highlighted the role of insurers in mitigating risks and supporting recovery after breaches. Travelers also announced its involvement in a National Institute of Standards and Technology initiative aimed at improving the technology supply chain security.

Simply Business, based in Boston, announced its participation in the Amazon Insurance Accelerator to provide product liability insurance for third-party sellers. As e-commerce grows, this initiative aims to simplify the insurance process for sellers required to obtain coverage based on sales thresholds. Group CEO David Summers emphasized the commitment to offer a fast and easy insurance-buying experience. With over 750,000 customers globally, Simply Business, a subsidiary of The Travelers Companies (NYSE: TRV), continues to innovate insurance solutions for small businesses.

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.