The Travelers Companies Inc (TRV)
🔔 Watch stock
Stock Watch
Stock Watch will tell you what changes at The Travelers Companies Inc.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Appears in These Scanners
This stock currently matches 5 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 374.40 $ — 84% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
Uses AIGeprüft am 28.07.2026 gegen die sechs jüngsten SEC-Einreichungen von The Travelers Companies, Inc. (CIK 0000086312): 10-K für das Geschäftsjahr 2025 (eingereicht 12.02.2026), 10-K für 2024 (eingereicht 13.02.2025) sowie die Quartalsberichte 10-Q vom 17.07.2026, 16.04.2026, 16.10.2025 und 17.07.2025. Ergebnis: Travelers setzt Künstliche Intelligenz operativ ein, verkauft sie aber nicht. Belegt ist der Einsatz vor allem in der Schadenbearbeitung; die Aussage steht wortgleich in beiden Geschäftsberichten: „In recent years, the Company has invested significant additional resources in many of its claims handling operations, including digital, analytics, artificial intelligence and automation capabilities.“ Dazu passt die Beschreibung des Kleingewerbegeschäfts, in dem jedes Risiko über eine „automated underwriting platform“ maschinell geprüft wird, sowie die Feststellung im 10-K 2025, dass die eigenen Geschäftsprozesse zunehmend digital werden „and seek to incorporate artificial intelligence“. Stufe 1 „verkauft“ greift nicht: Weder in Item 1 (Business) noch in der Managementanalyse taucht ein KI-Produkt oder ein KI-Dienst als Umsatzquelle auf. Die Erlöse stammen ausschließlich aus dem Versicherungsgeschäft (Prämien, Kapitalanlageerträge, Gebühren); KI erscheint durchgängig als internes Werkzeug für Underwriting, Pricing und Schadenregulierung, nicht als verkaufte Leistung. Stufe 2 „bedroht“ greift ebenfalls nicht: Die Risk Factors nennen KI zwar auffällig oft, aber der Bezug ist konsequent ein Adoptions- und Wettbewerbsrisiko und keine Verdrängung des eigenen Geschäftsmodells: „our competitive position could be impacted if we are unable to deploy, in a cost effective and competitive manner, technology such as artificial intelligence and machine learning that collects and analyzes a wide variety of data points to help make underwriting or other decisions“. Das Risiko besteht also darin, KI zu langsam einzusetzen, nicht darin, durch KI ersetzt zu werden. Die übrigen KI-Nennungen sind branchenübliche Begleitrisiken jedes großen Finanzkonzerns: Angreifer, die KI für Cyberattacken nutzen, aufsichtsrechtliche Prüfung von Algorithmen und Modellen im Underwriting, mögliche unvorhergesehene Deckungsfragen in gezeichneten Policen sowie Schulungspflichten. Solche Formulierungen sind Boilerplate im Sinne der Vorrang-Regel und tragen keine Einstufung als „bedroht“. Die vier geprüften 10-Q enthalten zu KI ausschließlich die verkürzte Wiederholung dieser Risikohinweise im Abschnitt der zukunftsgerichteten Aussagen, keine eigenständigen Befunde. Damit bleibt Stufe 3: nutzt KI.
View the full file — quotes, sources, reviewed filings
„In recent years, the Company has invested significant additional resources in many of its claims handling operations, including digital, analytics, artificial intelligence and automation capabilities."
In den vergangenen Jahren hat das Unternehmen erhebliche zusätzliche Mittel in viele Bereiche seiner Schadenbearbeitung investiert, darunter in digitale Fähigkeiten, Analytik, Künstliche Intelligenz und Automatisierung.
„For example, our competitive position could be impacted if we are unable to deploy, in a cost effective and competitive manner, technology such as artificial intelligence and machine learning that collects and analyzes a wide variety of data points to help make underwriting or other decisions, or if our competitors collect and use data which we do not have the ability to access or use or deploy artificial intelligence to create efficiencies in ways that we do not."
Beispielsweise könnte unsere Wettbewerbsposition beeinträchtigt werden, wenn wir Technologien wie Künstliche Intelligenz und maschinelles Lernen, die eine Vielzahl von Datenpunkten erfassen und auswerten, um Zeichnungs- oder andere Entscheidungen zu unterstützen, nicht kosteneffizient und wettbewerbsfähig einsetzen können, oder wenn unsere Wettbewerber Daten erheben und nutzen, auf die wir keinen Zugriff haben, oder Künstliche Intelligenz auf eine Weise zur Effizienzsteigerung einsetzen, wie wir es nicht tun.
„If we do not anticipate, keep pace with and adapt to technological and other changes impacting the insurance industry, including artificial intelligence, it will harm our ability to compete, decrease the value of our products to customers, and materially and adversely affect our business."
Wenn wir technologische und andere Veränderungen in der Versicherungsbranche, einschließlich Künstlicher Intelligenz, nicht vorwegnehmen, mit ihnen Schritt halten und uns an sie anpassen, wird dies unsere Wettbewerbsfähigkeit beeinträchtigen, den Wert unserer Produkte für die Kunden mindern und unser Geschäft wesentlich nachteilig beeinflussen.
„Each small business risk is independently evaluated via an automated underwriting platform which in turn enables agents to quote, bind and issue a substantial amount of new small business risks in an efficient manner."
Jedes Kleingewerberisiko wird eigenständig über eine automatisierte Zeichnungsplattform bewertet, die es den Agenturen wiederum ermöglicht, einen erheblichen Teil der neuen Kleingewerberisiken effizient zu kalkulieren, zu binden und zu policieren.
Filings Reviewed: 10-K 2026-02-12 · 10-K 2025-02-13 · 10-Q 2026-07-17 · 10-Q 2026-04-16 · 10-Q 2025-10-16 · 10-Q 2025-07-17
Rated on July 28, 2026 · How the Rating Is Built
What the Earnings Calls Reveal
Red flags Metrics quietly redefinedBetween 2024-Q1 and 2026-Q2, Travelers delivered operationally with remarkable reliability: guidance on investment income, expense ratio, share repurchases, the sale of the Canadian business and the reshaping of the homeowners portfolio was met or exceeded. What stands out is not the performance but the reporting around it. Over exactly the period in which commercial pricing dropped from 10.6 percent (2024-Q1) to 4.8 percent (2026-Q2), management introduced a new and more flattering pricing metric, dropped growth percentages for the weaker segments and permanently discontinued its loss trend disclosure. Repeated analyst questions on loss trend and on the cost benefit of the technology spending went without a number for more than two years.
10 calls reviewed, 2024-Q1 through 2026-Q2 · As of August 2, 2026
A new pricing metric exactly when the old one weakened
The key commercial pricing figure, renewal premium change, fell from 10.6 percent in 2024-Q1 through 9.6 percent (2024-Q4) and 7.7 percent (2025-Q2) to 4.8 percent in 2026-Q2. In 2025-Q3, when the number first dropped below 7.5 percent, management quoted a second figure for the first time: pricing excluding the property line, then 9 percent instead of 7.1 percent. Analyst David Motemaden asked in the same session for the prior-quarter comparatives; segment president Greg Toczydlowski declined, saying the metric would neither be backfilled nor given every quarter. It has appeared in every call since (2025-Q4: 8 percent, 2026-Q1: about 8 percent, 2026-Q2: 7.8 percent) while the headline figure kept falling. The result is a more flattering metric without history sitting next to a weakening one with history.
Growth percentages disappear when they turn awkward
In the 2024 calls, CEO Alan Schnitzer quoted a growth rate for every segment: Business Insurance up 9, 7, 9 and 8 percent, surety up 15, 11, 7 and 19 percent, Personal Insurance up 9, 9, 7 and 7 percent. From 2025-Q3 the pattern changes: Personal Insurance is merely said to have written 4.7 billion dollars, surety to have remained strong. In 2025-Q4 the percentage is missing for Business Insurance and Bond and Specialty as well. In 2026-Q1 and 2026-Q2 the percentages are back, most prominently where they look good (Bond and Specialty up 7 and 14 percent, surety up 14 and 40 percent), while Personal Insurance again appears as a dollar figure only. For 2026 there is an explanation given on the call: the Canadian disposal distorts the year-over-year comparison, and CFO Dan Frey quantified the effect by segment in 2026-Q1, at roughly four points for Personal Insurance. The CEO did give Business Insurance percentages in 2026, but only on an adjusted basis (2026-Q1 domestic ex property up 6 percent, 2026-Q2 up 5 percent adjusted for Canada). What remains unexplained are the omissions in 2025-Q3 and 2025-Q4, when Canada was still fully included. The 5 percent decline in domestic premiums in 2026-Q1 also came not from the CEO but from the segment president.
The loss trend was quietly retired as a metric
Travelers used to publish a long-term loss trend figure. In 2025-Q1, CFO Dan Frey told Gregory Peters the company had moved away from giving a specific trend number. In 2025-Q3 he justified this to Michael Zaremski by calling the measure too narrow; in 2026-Q1 Alan Schnitzer repeated the same reasoning; in 2026-Q2 Frey deflected David Motemaden with the same argument. The gap became clearest in 2026-Q1, when Yaron Kinar pointed out that pricing had fallen below the company's own last published loss trend for the first time in years and asked what that meant for underwriting and retention. He received no answer to the arithmetic, only the assurance that management is very happy with the book. The one figure outsiders could use to check whether falling prices still exceed cost inflation is therefore missing.
Expense ratio unchanged for three years
Analyst Gregory Peters asked in virtually every call from 2024-Q4 to 2026-Q2 when the more than 1.5 billion dollars of annual technology spending and the AI initiatives would show up in the expense ratio. Each time the answer moved the goalposts: management steers operating leverage, not the expense ratio, and claims efficiency gains land in the loss ratio anyway (2025-Q4). Concrete headcount figures were declined in 2025-Q4, with management pointing to rising premium per employee instead. Over a decade Travelers can show a lever: per the 2025-Q4 call the expense ratio came down by three points or 10 percent over ten years even as technology spending rose. Over the last three years, however, it has stalled: 28.5 percent in 2024, 28.5 percent in 2025, guidance of around 28.5 percent for 2026, while the first half of 2026 ran at 29.0 percent. CFO Dan Frey explained that by the timing of contingent commission accruals and more earned premium days in the second half, and reaffirmed the full-year guidance. At the same time the AI narrative expanded sharply: across all of 2024 the terms AI or artificial intelligence came up three times, in 2025-Q4 alone twenty times, and since 2025-Q4 management frames its investments as Innovation 2.0.
What was reliably delivered
The counter-evidence is strong. Guidance for fixed income investment income was given every quarter from 2024-Q1 to 2026-Q2, mostly raised and always met; 640 million dollars per quarter became roughly 870 million for 2026-Q4. The roughly 3.5 billion dollars of repurchases announced in 2025-Q3 for the window 2025-Q3 to 2026-Q1 were exceeded at about 4.1 billion, the Canadian sale closed on 2 January 2026 as promised and the earmarked 700 million did go into buybacks. The commitment made in 2025-Q2 to complete the homeowners remediation actions by the end of 2025 was kept, as was the 2025-Q3 forecast that homeowners pricing would fall into single digits from early 2026 (2026-Q2: 6.6 percent). The 250 million dollar reserve strengthening in umbrella taken in 2024-Q2 held: no further additions were needed through 2026-Q2.
Management promises
-
2024-Q1 kept
Full-year 2024 expense ratio of 28 to 28.5 percent.
Delivered exactly at 28.5 percent in 2024-Q4, despite higher supplemental commissions.
-
2024-Q3 kept
2025 fixed income investment income of about 2.9 billion dollars after tax.
Raised to about 3.0 billion in 2024-Q4 and confirmed or raised again in every quarter of 2025.
-
2024-Q4 kept
Small commercial non-renewals had bottomed out, retention at 80 percent was the floor, with improvement expected in the second half of 2025.
Retention ticked up as announced in 2025-Q3, stood two points above the prior year in 2025-Q4 and reached 82 percent in 2026-Q1.
-
2025-Q2 kept
Most rate and non-rate actions in the homeowners book to be relaxed by the end of 2025.
Reported as largely complete in 2026-Q1, accompanied by the first year-over-year rise in homeowners new business.
-
2025-Q2 kept
Sale of the Canadian business for 2.4 billion dollars, closing in early 2026, with 700 million earmarked for additional share repurchases.
Closed on 2 January 2026 as announced; per 2026-Q1 the 700 million formed part of the quarter's 1.8 billion of repurchases.
-
2025-Q3 kept
Homeowners renewal premium change to drop into single digits from early 2026.
Reported as moderating further in 2026-Q1 and clearly single digit at 6.6 percent in 2026-Q2.
-
2025-Q3 kept
About 3.5 billion dollars of share repurchases between 2025-Q3 and 2026-Q1, equal to roughly 5 percent fewer shares.
Actually about 4.1 billion dollars (628 million, 1.65 billion, 1.8 billion), clearly more than announced.
Based on public earnings call transcripts. Reviewed: 10 transcripts 2024-Q1 through 2026-Q2.
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 4.4% below the current price.
- Consensus
- Hold
- Analyst Ratings
- 28
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 34.04 | 31.78 – 35.74 | 43,436 | 23.4% | 27 |
| 12/31/2027 | 30.16 | 28.10 – 33.06 | 44,685 | -11.4% | 27 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 6.81 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 9.02 | 28.30 | 12,013 | 9.80 | 17.30 | 2,064 | 2,064 |
| 2025: Q1 | 1.71 | -64.60 | 11,810 | 5.20 | 3.30 | 1,360 | 1,360 |
| 2025: Q2 | 6.58 | 185.30 | 12,116 | 7.40 | 12.50 | 2,334 | 2,334 |
| 2025: Q3 | 8.30 | 51.90 | 12,470 | 4.80 | 15.10 | 4,227 | 4,227 |
| 2025: Q4 | 11.14 | 23.50 | 12,432 | 3.50 | 20.10 | 2,685 | 2,685 |
| 2026: Q1 | 7.83 | 357.00 | 11,924 | 1.00 | 14.30 | 2,198 | 2,198 |
| 2026: Q2 | 10.26 | 55.90 | 12,153 | 0.30 | 18.20 | 1,916 | 1,916 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 27,625 | 4,053 | 3,014 | 10.36 | 4,469 | 23,221 | 100,245 |
| 2017 | 28,902 | 2,730 | 2,056 | 7.38 | 4,148 | 23,731 | 103,483 |
| 2018 | 30,282 | 2,961 | 2,523 | 9.35 | 4,380 | 22,894 | 104,233 |
| 2019 | 31,581 | 3,138 | 2,622 | 10.00 | 5,205 | 25,943 | 110,122 |
| 2020 | 31,981 | 3,237 | 2,697 | 10.59 | 6,519 | 29,201 | 116,764 |
| 2021 | 34,816 | 4,458 | 3,662 | 14.60 | 7,274 | 28,887 | 120,466 |
| 2022 | 36,896 | 3,354 | 2,842 | 11.86 | 7,274 | 21,560 | 115,717 |
| 2023 | 41,373 | 3,371 | 2,991 | 12.88 | 7,711 | 24,921 | 125,978 |
| 2024 | 46,428 | 6,180 | 4,999 | 21.63 | 9,074 | 27,864 | 133,189 |
| 2025 | 48,828 | 7,796 | 6,288 | 27.63 | 10,606 | 32,894 | 143,708 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
About the Company
The Travelers Companies, Inc. bietet über ihre Tochtergesellschaften eine Reihe von gewerblichen und privaten Sach- und Haftpflichtversicherungsprodukten und -diensten für Unternehmen, Behörden, Verbände und Privatpersonen in den USA, Kanada und international an.
| Employees | 34,000 |
|---|---|
| Headquarters | New York, NY |
| Address | 485 Lexington Avenue, 10017 New York, United States |
| Phone | (917) 778-6000 |
| Website | travelers.com |
| IPO Date | 22. Apr 1996 |
| ISIN | US89417E1091 |
| Stock Split | 2:1 on 05/12/1998 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Alan David Schnitzer J.D. | Chairman & CEO | 1966 |
| Daniel Stephen Frey CPA | Executive VP & CFO | 1965 |
| Avrohom J. Kess | Vice Chairman & Chief Legal Officer | 1969 |
| Michael Frederick Klein | Executive VP & President of Personal Insurance | 1968 |
| Gregory Cheshire Toczydlowski | Executive VP & President of Business Insurance | 1967 |
| Mojgan Mehdian Lefebvre | Executive VP, Chief Technology & Operations Officer | 1966 |
| David Donnay Rowland CFA | Executive VP & Co-Chief Investment Officer | 1966 |
| Daniel Tei-Hwa Yin | Executive VP & Co-Chief Investment Officer | 1966 |
| Paul Edward Munson | Senior VP of Finance, Corporate Controller & Principal Accounting Officer | 1966 |
| Andy Francis Bessette | Executive VP & Chief Administrative Officer | 1954 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 24. Jul 2026 | Yin Daniel Tei-Hwa | EVP & Co-Chief Invest. Officer | Sell | 7,153 | 387.00 | 2,768,211 |
| 24. Jul 2026 | Yin Daniel Tei-Hwa | EVP & Co-Chief Invest. Officer | Other | 7,153 | 140.85 | 1,007,500 |
| 24. Jul 2026 | Kurtzman Diane | EVP & Chief HR Officer | Sell | 4,164 | 386.71 | 1,610,260 |
| 24. Jul 2026 | Kurtzman Diane | EVP & Chief HR Officer | Other | 4,164 | 132.58 | 552,063 |
| 21. Jul 2026 | Klein Michael Frederick | EVP & President, Personal Ins. | Sell | 5,875 | 366.12 | 2,150,949 |
| 21. Jul 2026 | Klein Michael Frederick | EVP & President, Personal Ins. | Sell | 125 | 364.90 | 45,613 |
| 21. Jul 2026 | Klein Michael Frederick | EVP & President, Personal Ins. | Other | 6,000 | 139.83 | 838,980 |
| 21. Jul 2026 | Frey Daniel S. | EVP & Chief Financial Officer | Sell | 3,000 | 368.53 | 1,105,575 |
| 21. Jul 2026 | Frey Daniel S. | EVP & Chief Financial Officer | Other | 3,000 | 172.50 | 517,500 |
| 21. Jul 2026 | Frey Daniel S. | EVP & Chief Financial Officer | Sell | 11,037 | 368.16 | 4,063,427 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.