The Travelers Companies, Inc. - TRV STOCK NEWS

Travelers (NYSE: TRV) launched a new advertisement series based on real customer experiences, expanding on their 2023 'Who Cares?' campaign. The series highlights stories of compassion and dedication shown by the company's claims professionals. Key advertisements include 'Cyber,' focusing on a small-business cyberattack; 'Golf,' which follows a job site injury recovery; and 'Dog,' about reuniting a customer with their lost pet. The first ad airs on June 16 during the U.S. Open, with subsequent ads airing on the Golf Channel and CBS during the Travelers Championship on June 20-23.

As the 2024 Atlantic hurricane season approaches, The Travelers Companies (NYSE: TRV) advises property owners to take proactive steps to safeguard their homes and buildings. Researchers from Colorado State University predict this season may be one of the most active in decades, with 23 named storms and 11 potential hurricanes. Travelers recommends reinforcing structural features, creating preparedness and evacuation plans, documenting property inventories, assembling survival kits, performing routine maintenance, ensuring backup power systems are ready, and reviewing insurance policies. These measures aim to mitigate potential losses from severe weather.

Travelers has announced its 2023 charitable contributions totaling over $24 million, pushing its decade-long total to approximately $234 million. The company’s Community Report also highlights over 100,000 volunteer hours by employees. Key focuses were on academic and career success, with over $5 million donated and significant volunteer efforts. More than $6 million supported neighborhood development, including building over 50 Habitat for Humanity homes and rebuilding 96 homes to FORTIFIED™ standards. Approximately $3 million funded arts and culture initiatives, impacting over 50,000 students and involving nearly 700 employees. The report demonstrates Travelers’ commitment to community support and development.

The Travelers Companies, Inc. (NYSE: TRV) has opened a new technology office in Midtown Atlanta to support its technology organization, focusing on roles in engineering, artificial intelligence, and data science. The company aims to leverage Atlanta's tech talent pool and innovation hub to drive strategic technology initiatives. The office, Travelers Tech – Atlanta, located in the Coda building, will enhance the company's innovation priorities and customer-centric solutions.

Travelers Canada Announces Results of Distracted Driving Risk Survey

The Travelers Companies, Inc. (TRV) announced the results of the 2024 Travelers Canada Distracted Driving Risk Survey. Almost half of Canadian drivers feel that roads are less safe than a year ago. 72% are guilty of reading maps while driving, 67% talk on the phone hands-free, and 60% eat or drink while driving. Nearly a third admitted to causing an accident or 'near miss' due to their own distracted driving. Work-related pressures add to this high-risk behaviour among drivers. 31% make work-related calls, texts, or emails while driving. A workplace policy that encourages safe driving habits can help. 82% of employees comply with a distracted driving policy if it's in place. Respondents also noted that encouraging conversation about distracted driving can promote better habits. 42% are comfortable speaking up to a spouse/partner when they witness distracted driving. Parents, concerned about their children's inattentive driving behaviors, should actively teach new drivers about road safety to reduce accident risks.

Travelers Companies, Inc. reported excellent first quarter results with net income per diluted share up 16% to $4.80 and core income per diluted share up 14% to $4.69. The company declared a 5% increase in quarterly cash dividend to $1.05 per share. Despite an elevated level of catastrophe losses, the company achieved an outstanding combined ratio of 93.9% and an underlying combined ratio of 87.7%. Net written premiums increased by 8% to $10.182 billion, with growth in all three segments. Total capital of $620 million was returned to shareholders, including $388 million of share repurchases. Book value per share increased by 9% to $109.28, and adjusted book value per share increased by 8% to $125.53.

The Travelers Companies, Inc. (TRV) released the 2024 Travelers Risk Index on distracted driving, revealing a surge in dangerous behaviors post-pandemic. Common distractions like social media use, texting, and cellphone activities have increased significantly, leading to more crashes and near misses. Michael Klein emphasized the urgent need for collective action to enhance road safety.

The Travelers Companies, Inc. (TRV) announced the recipients of its 2024 Personal Insurance Agent of the Year Award. The honorees were recognized for their customer service, community dedication, commitment to Travelers, and long-term growth. Travelers praised independent agents for safeguarding customers' assets and achieving exceptional results.

The Travelers Companies, Inc. (TRV) will announce its first quarter 2024 results on April 17, with an investor call and webcast available. Investors can access the call through the company's website or by phone, with replays available for a limited time.