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The Travelers Companies, Inc. (symbol: TRV) is a cornerstone of the insurance industry, committed to evolving with the dynamic needs of its customers. With over 150 years of experience, Travelers has become one of the largest property casualty insurers in the United States. As a proud component of the Dow Jones Industrial Average, the company boasts a workforce of more than 30,000 employees and collaborates with 13,000 independent agents.
Travelers offers a wide array of insurance products, catering to both commercial and personal lines. Its commercial operations provide comprehensive coverage options for businesses of all sizes, with a focus on midsize companies. On the personal side, the insurance offerings are split evenly between auto and homeowners coverage. Notably, the company extends its reach globally, deriving 6% of its premiums from international markets.
Travelers is well-known for its pioneering spirit and continuous innovation. From the creation of the first auto and space travel policies to the introduction of hybrid car discounts, the company has consistently set new standards in the industry. In 2009, Travelers established the Travelers Institute for Public Policy, further cementing its role as a leader and innovator in insurance.
Despite the uncertain global landscape, Travelers remains steadfast in its commitment to protecting clients from loss through its adaptive and proactive approach. The company's recent achievements and ongoing projects reflect this philosophy, ensuring they stay ahead of industry trends and customer needs. Whether you are looking for detailed coverage options or insights into industry developments, Travelers stands as a reliable and forward-thinking partner.
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.
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.
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