Travelers Compan Stock Price, News & Analysis

Travelers (NYSE: TRV) has released its Q4 2024 Cyber Threat Report, revealing an increase in ransomware attacks targeting organizations with weak VPN security measures. The report highlights that basic attack techniques remain highly effective for ransomware groups, who actively seek vulnerable targets lacking multifactor authentication (MFA).

Key findings show a rise in new ransomware groups, particularly smaller and more agile threat actors, partly due to law enforcement disrupting established Ransomware-as-a-Service platforms. The report identified IT services and consulting firms as increasingly targeted sectors, noting their potential to amplify attacks through client connections. Additionally, the construction sector remained a primary target, while hospitals, healthcare organizations, and government administration faced persistent threats.

The Travelers Institute, the public policy division of The Travelers Companies (NYSE: TRV), has announced its spring 2025 schedule for the Wednesdays with Woodward webinar series. Hosted by Joan Woodward, the virtual series will feature thought leaders discussing topics related to insurance, business, and public policy.

The schedule includes seven events from February to May 2025, featuring: a tour of Travelers' 200,000-square-foot Claim University, leadership lessons with podcast host Laura Cox Kaplan, sleep science with Dr. Matt Walker, a Forces at Work℠ Symposium at NYSE featuring former U.S. Surgeon General Dr. Jerome M. Adams, cybersecurity discussions following the Corvus acquisition, insights on Parkinson's disease, and sports psychology applications in business.

All events, except the NYSE symposium, will be held at 1 p.m. ET and are free and open to the public.

Cantilever Group has appointed Liz Robinson to its Advisory Board, bringing significant financial services expertise from her 26-year career at Goldman Sachs. During her time at Goldman Sachs, Robinson served as Global Treasurer and Partner, managing the firm's liquidity risk, balance sheet, and capital while co-chairing the Finance Committee and Firmwide Capital Committee.

Robinson currently serves on the boards of The Bank of New York Mellon (NYSE: BK) and The Travelers Companies. Her board experience extends to educational and healthcare institutions, having served as Chairman of the Board of Williams College and as a Trustee for St. Luke's University Health Network and Blair Academy. She holds a degree from Williams College and an MBA from Columbia University's Executive MBA Program.

Travelers Europe has appointed Mike Lawton as Chief Operating Officer, reporting to CEO Matthew Wilson. Lawton will oversee daily business operations and strategy implementation. With nearly two decades of insurance sector experience in both broking and underwriting, Lawton joined Travelers Europe in 2016 to lead its Business Insurance practice after holding senior positions at an international carrier and UK broker.

Travelers has maintained a presence in Europe for decades, operating in both the general insurance market and through Lloyd's. The company offers business insurance, bond and specialty insurance, and risk management services through Travelers Insurance Company Additionally, Travelers Syndicate 5000 at Lloyd's specializes in complex business classes including marine, energy, accident and special risks, aviation, and portfolio solutions.

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.