The Travelers Companies, Inc. reports developments in property casualty insurance for auto, home and business customers. News about TRV commonly covers underwriting results, catastrophe losses, net investment income, share repurchases and segment performance across commercial and personal insurance lines.
Company updates also include workers compensation claim trends, risk management technology such as e-CARMA® and Claim Insights, homeowners insurance availability, community initiatives, and public policy programming through the Travelers Institute. Travelers’ Simply Business subsidiary adds recurring news around digital insurance distribution, small-business insurance marketplaces and tools that support entrepreneurs seeking coverage.
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.