Travelers Compan Stock Price, News & Analysis

The Travelers Companies reported a strong fourth quarter and full-year 2020 performance. Net income for Q4 was $1.310 billion ($5.10 per diluted share), a 50% increase from Q4 2019, while core income rose to $1.262 billion ($4.91 per diluted share), a 46% jump. Full-year net income reached $2.697 billion, with core income at $2.686 billion, reflecting improved underwriting gains and net investment income. The combined ratio improved to 86.7%, driven by lower catastrophe losses and favorable reserve development. The company returned $1.5 billion to shareholders, including $672 million in share repurchases.

The Travelers Institute has announced its 2021 educational webinars focused on pressing issues such as COVID-19 vaccine rollout, workforce strategies, and autonomous vehicle insurance. Continuing the 'Wednesdays with Woodward' series, these free webinars will feature expert discussions to aid businesses and communities. The first session, 'The Race to Distribute a COVID-19 Vaccine,' is scheduled for January 14, featuring Dr. Mark McClellan. Other topics include the future of autonomous vehicles and geopolitical concerns, aimed at helping stakeholders navigate current challenges.

The Travelers Companies, Inc. (NYSE: TRV) is set to review its Q4 and full year 2020 results on January 21 at 9 a.m. ET. The earnings call will be accessible via webcast and phone, with a slide presentation and statistical supplement provided. A replay will be available for up to a year on the investor website. Travelers, a leading provider in property casualty insurance, generated approximately $32 billion in revenue in 2019, employing around 30,000 staff. Further information can be found on their website.

The Travelers Institute will conclude its 2020 Wednesdays with Woodward webinar series with a session titled “Weathering the Storm,” discussing the Insurance Institute for Business & Home Safety (IBHS). This final webinar, taking place on December 2, 2020, at 1 p.m. ET, aims to provide insights on how IBHS assists businesses in preparing for and recovering from natural disasters. The series, which ran for six months, featured 15 sessions addressing various important topics and strategies relevant to current challenges faced by consumers and businesses.

The Travelers Companies, Inc. (NYSE: TRV) has launched Global Companion Plus+, enhancing its property and casualty offerings for U.S. firms with foreign exposures. Key features include Primary Foreign Voluntary Workers Compensation, a separate $1 million Financial Interest limit for foreign subsidiary losses, Global Panel Counsel Service for legal assistance abroad, and Emergency Evacuation Coverage for various crises. This updated product aims to fill significant coverage gaps for businesses with international operations.

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of 'aa+' for The Travelers Companies (TRV) and its main subsidiaries. The ratings reflect Travelers' strong balance sheet strength, very strong operating performance, and effective enterprise risk management (ERM). Travelers has reported positive underwriting income in nine of the last ten years and maintains leading market shares in both commercial and personal lines in the U.S. The outlook for these ratings is stable.

The Travelers Companies reported Q3 2020 net income of $827 million ($3.23 per share), a 109% increase from $396 million ($1.50 per share) in Q3 2019. Core income rose to $798 million ($3.12 per share), up 111% from a year earlier. Net written premiums increased by 3% to $7.77 billion. The combined ratio improved to 94.9%, a 6.6-point decrease, indicating better underwriting performance. However, year-to-date net income fell by 21% to $1.39 billion, and core income decreased by 15% due to higher catastrophe losses.

The Travelers Companies, Inc. (NYSE: TRV) announced the release of 'Zaadii: The Legend of Z-Hawk,' a comic book honoring Zaadii Tozhon Tso, a young boy killed by a distracted driver in 2015. The comic, developed by acclaimed writers and artists, aims to raise awareness about the dangers of distracted driving as part of Travelers' Unfinished Stories campaign. The comic will be featured at New York Comic Con from October 8-11. Recent surveys highlight the alarming rates of distracted driving among younger generations, underscoring the need for ongoing education on road safety.

The Travelers Companies, Inc. (NYSE: TRV) has released the 2020 Travelers Risk Index, revealing a concerning trend where fewer businesses are taking steps to address cyber risks despite heightened awareness during the COVID-19 pandemic. The survey of over 1,200 business leaders showed only 48% use intrusion detection software, with 22% reporting a cyber event. Cyber threats are prioritized by larger businesses, especially in healthcare and technology. Travelers aims to assist companies in managing these risks, emphasizing the importance of preparedness and effective cyber liability insurance.