The Travelers Companies, Inc. - TRV STOCK NEWS

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.

The 2024 Travelers Canada Risk Index reveals cyber threats as the top concern for business leaders for the second consecutive year. 65% of respondents worry about cyber risks, up from 61% last year. Other major concerns include economic uncertainty (62%), global economy impact (58%), financial issues (57%), and supply chain risks (56%).

66% of companies have purchased cyber insurance, down from 72% last year. Among those without cyber policies, 32% cited cost as a barrier, while 29% believe they have adequate protection. 29% of respondents reported experiencing a cybersecurity event, with medium-sized businesses (36%) more affected than small ones (20%).

The top cyber concern is unauthorized access to banking accounts or financial control systems (60%). Other worries include compromise of customer records (59%), security breaches (59%), and system glitches (58%).

The Travelers Companies, Inc. (NYSE: TRV) has released its 2024 Travelers Risk Index, revealing cyber threats as the top concern among business leaders. This marks the fourth time in six years that cyber risks have topped the list, with a record 62% of participants expressing worry. Other major concerns include medical cost inflation (59%), increasing employee benefits costs (59%), broad economic uncertainty (59%), and talent attraction and retention (54%).

The survey also found that 65% of businesses now have cyber insurance policies, up from 60% last year and significantly higher than the 39% reported in 2018. However, nearly 30% of respondents still lack cyber coverage. Alarmingly, 24% of participants reported experiencing a cyber incident, marking the eighth increase in nine years.

Top cyber concerns include security breaches, unauthorized access to financial accounts or control systems, ransomware, employee-related risks, and system glitches. In response, the Travelers Institute will host educational programs in October to help business leaders prepare for and respond to cyber incidents.

The Travelers Institute, the public policy arm of The Travelers Companies, Inc. (NYSE: TRV), has announced its fall schedule for the Cyber: Prepare, Prevent, Mitigate, Restore® series. Three in-person symposia are planned, offering practical cybersecurity tips and resources for businesses. Events will feature experts from Travelers, the U.S. Small Business Administration, the Cybersecurity and Infrastructure Security Agency, and other organizations.

The schedule includes:

• Sept. 24 in Washington, D.C.
• Oct. 10 in Irvine, California
• Oct. 30 in Philadelphia

Additionally, a Wednesdays with Woodward® webinar titled "Get Cyber Ready: Best Practices for Navigating Today's Biggest Threats" is scheduled for Oct. 2 at 1 p.m. ET. All Travelers Institute programs are free and open to the public.

Travelers (NYSE: TRV) has published its Citizen Travelers Playbook, a guide to help organizations support a civically engaged workforce. The playbook is based on Travelers' nonpartisan civic engagement initiative, Citizen Travelers, launched in 2021. The initiative aims to empower employees to become more engaged and informed citizens through:

• Interactive resources and educational programming
• Volunteer and networking opportunities
• Connecting employees to service opportunities
• Sharing stories of outstanding civic leadership

Since its launch, Citizen Travelers has supported thousands of Travelers' employees in strengthening their communities through civic education and engagement. The company hopes the playbook will inspire other organizations to pursue similar civic engagement initiatives.

The Travelers Companies, Inc. (NYSE: TRV) has announced its schedule for reviewing third quarter 2024 results. The company will hold a conference call on Thursday, Oct. 17, at 9 a.m. ET, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com or by phone. The event will include a slide presentation, statistical supplement, and live audio broadcast. After the event, replays will be available via webcast for one year and by telephone for 30 days. This announcement provides stakeholders with the opportunity to stay informed about Travelers' financial performance and engage with company representatives.