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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.
The Travelers Institute has announced the conclusion of its 2021 virtual event season, featuring programs focused on political and economic trends. Upcoming webinars include discussions with esteemed speakers like CNBC's Sue Herera and experts from Goldman Sachs. Key topics will cover cybersecurity, economic outlook for 2022, and the implications of the $1 trillion infrastructure deal for the U.S. economy. All events are free and open to the public, with online registration available on the Travelers Institute website.
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and Long-Term Issuer Credit Ratings (ICR) of 'aa+' (Superior) for The Travelers Companies, Inc. (TRV) and its subsidiaries. The outlook for these ratings remains stable, reflecting the group's strong balance sheet strength, very strong operating performance, and favorable business profile. Travelers is among the top five commercial lines insurers in the U.S. and ranks as the sixth-largest property/casualty writer. The ratings also affirm support from its parent company, TRV.
The Travelers Institute will host a webinar on November 3, focusing on the opioid crisis during the pandemic. The session aims to discuss substance use disorders, chronic pain management, and strategies to improve health outcomes for families and communities. Rich Ives from Travelers will highlight their success in reducing opioid use among insured employees by approximately 80% since 2015. This event, part of the Wednesdays with Woodward® series, is free and open to the public.
The Travelers Companies reported third-quarter 2021 net income of $662 million, or $2.62 per diluted share, down from $827 million in Q3 2020. Core income decreased to $655 million, reflecting higher catastrophe losses of $501 million and unfavorable reserve development. Nonetheless, record net written premiums rose 7% to $8.324 billion. The company returned $821 million to shareholders, including $601 million in share repurchases. The board declared a quarterly dividend of $0.88 per share.
The Travelers Companies, Inc. (NYSE: TRV) is set to review its third quarter 2021 results on Tuesday, October 19, at 9 a.m. ET. Investors can participate via a webcast at investor.travelers.com or by phone at 844.895.1976 (U.S.) or 647.689.5389 (international). A slide presentation and statistical supplement will accompany the results. Replays will be accessible for one year via webcast and for 30 days via telephone. The Travelers Companies is a leading provider of property casualty insurance, generating approximately $32 billion in revenues in 2020.
The Travelers Companies, Inc. (NYSE: TRV) has launched a new white paper and Risk Control eGUIDE aimed at enhancing suicide awareness in the construction industry, coinciding with National Suicide Prevention Week. The resources aim to help contractors better identify and assist vulnerable employees. Support for the Construction Industry Alliance for Suicide Prevention is also emphasized, offering free tools to evaluate mental health preparedness. The ongoing economic challenges linked to COVID-19 underscore the need for such initiatives.
The Travelers Companies, Inc. (NYSE: TRV) will present at the Barclays Global Financial Services Conference on September 14 at 8:15 a.m. ET. CEO Alan Schnitzer will discuss the company's business and financial performance during the event. A live broadcast can be accessed on investor.travelers.com, with a replay available post-event. Travelers is a major provider of property casualty insurance, generating approximately $32 billion in revenue in 2020 and employing around 30,000 individuals.
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