Travelers Compan Stock Price, News & Analysis

Travelers Companies (NYSE: TRV) has announced a preliminary estimate of $1.7 billion pre-tax ($1.3 billion after-tax) in catastrophe losses from the January 2025 California wildfires. The estimate encompasses losses from both personal and commercial segments, including the company's Fidelis quota share, California FAIR Plan assessments, and reinsurance recoveries.

CEO Alan Schnitzer emphasized the company's commitment to providing critical resources and support to affected customers and communities. The company acknowledges that future loss estimates may differ materially from current projections due to various factors, including the wildfires' scope, duration, number of affected insureds, and the complexity of contributing factors.

The Travelers Institute, the public policy division of The Travelers Companies (NYSE: TRV), announced two in-person symposia in February as part of its Small Business and Cybersecurity series. The events will feature experts from Travelers, the U.S. Small Business Administration (SBA), the Cybersecurity and Infrastructure Security Agency (CISA), and other organizations.

The first event, 'Small Business – Big Opportunity® in Boise, Idaho' on February 10, will focus on small businesses, economy, cybersecurity preparedness, and supply chain landscape. The second event, 'Leading Your Business In 2025' in Spokane, Washington on February 11, will cover economic outlook, public policy, and cybersecurity.

Both events are free and open to the public, offering keynote addresses, panel discussions, and networking opportunities with industry experts.

Travelers reported exceptional Q4 2024 results with net income of $2.082 billion ($8.96 per diluted share), up 28% from the prior year quarter. Core income reached $2.126 billion ($9.15 per diluted share), a 31% increase. The company achieved full year net income and core income of $5 billion.

Key highlights include: consolidated combined ratio improved 2.6 points to 83.2%, net written premiums grew 7% to $10.742 billion with growth across all segments, and net investment income increased 23%. The company reported record full year net written premiums of $43.356 billion, up 8%, and record operating cash flows of $9.074 billion.

Book value per share increased 13% to $122.97, and adjusted book value per share rose 13% to $139.04. The company maintained strong financial position, repurchasing 1.0 million shares during Q4 at an average price of $255.41 per share.

The Travelers Institute, the public policy division of The Travelers Companies (NYSE: TRV), has launched Forces at Work℠, a new initiative designed to help business leaders navigate modern workplace challenges. The program will focus on five key areas: risk management and insurance, labor market analysis, leadership and management, talent development, and employee well-being.

The initiative kicks off with a live symposium on January 14 in Phoenix, Arizona, titled 'Leading Your Business in 2025: Navigating the Economy, Public Policy and Worker Mental Health.' The event features a keynote presentation and panel discussion moderated by Joan Woodward, President of the Travelers Institute, with expert panelists discussing employee mental health, wellness, and workers compensation insurance.

Alongside the launch, the Institute released a white paper, 'Investing in Mental Well-Being: A Guide for Employers,' addressing the U.S. mental health crisis and providing strategies for workplace support. The initiative will continue with webinars, additional white papers, and educational resources, all available free to the public.

The Travelers Companies (NYSE: TRV) has announced it will review its fourth quarter and full year 2024 results on Wednesday, January 22, at 9 a.m. ET. The results will be released earlier that morning.

Investors can participate through a webcast at investor.travelers.com or by phone. U.S. callers can dial 888-440-6281, while international participants should use 646-960-0218. The presentation will include slides and statistical supplements, available on the company's investor website.

Replay options will be available via webcast for one year and by telephone for 30 days using conference ID 5449478.

The Travelers Institute, the public policy division of The Travelers Companies (NYSE: TRV), has announced its winter webinar schedule for the Wednesdays with Woodward series. The program, hosted by Joan Woodward, features thought leaders discussing key issues at the intersection of insurance, business, and public policy. The winter lineup includes five webinars covering topics such as trauma recovery, labor market trends, wildfire risk reduction, 2025 economic outlook, and geopolitical risks. The free public webinars will be held at 1 p.m. ET, featuring notable speakers from LinkedIn, American Forests, Moody's Analytics, and RAND.

Travelers (NYSE: TRV) has achieved Gold rank on VIQTORY's Military Friendly® Employer list and maintained recognition on several other military-focused employer lists. The company demonstrates its commitment through various initiatives, including a Military/Veterans & Allies Diversity Network with over 3,300 members, a military spouse recruiting program that has hired 300+ spouses since 2020, and partnerships with organizations like American Corporate Partners.

Notable benefits include full benefits and supplemental military pay for deployed employees for up to five years. Through collaboration with American Corporate Partners, Travelers employees have completed more than 900 mentorships with post-9/11 veterans. The company participates in the Department of Defense Military Spouse Employment Partnership and has received multiple recognitions for its military support programs.

The Travelers Companies, Inc. (NYSE: TRV) has committed $250,000 to assist relief efforts in states affected by Hurricanes Helene and Milton. The funds will support All Hands and Hearts, SBP, Team Rubicon, and United Way Suncoast. Over 500 Travelers Claim professionals are on the ground assisting customers, with thousands more activated across the country. Mobile Claim Offices have been deployed to the hardest-hit areas.

As part of the Travelers Fortifies Communities initiative, the company works with nonprofit partners to create more resilient neighborhoods by helping families rebuild to stronger construction standards after severe weather events. Notably, homes rebuilt to FORTIFIED standards through Travelers' program in Houma, Louisiana, successfully withstood the impact of Hurricane Francine this year.

The Travelers Companies reported excellent third quarter 2024 results, with net income of $1.260 billion ($5.42 per diluted share), up 211% from the prior year quarter. Core income was $1.218 billion ($5.24 per diluted share), up 168%. Key highlights include:

- Consolidated combined ratio improved 7.8 points to 93.2%
- Record underlying underwriting income of $1.498 billion pre-tax
- Record net written premiums of $11.317 billion, up 8%
- Net investment income increased 18% to $904 million pre-tax
- Book value per share up 39% to $122.00

The strong results were driven by improved underlying profitability across all segments, higher net favorable prior year reserve development, and increased net investment income. The company returned $496 million to shareholders through dividends and share repurchases.