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The Travelers Companies, Inc. - TRV STOCK NEWS

Welcome to our dedicated page for The Travelers Companies news (Ticker: TRV), a resource for investors and traders seeking the latest updates and insights on The Travelers Companies stock.

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.

News

Travelers Institute Launches 2024 National Cybersecurity Tour

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The Travelers Institute, a division of The Travelers Companies, Inc. (NYSE: TRV), launches Cyber: Prepare, Prevent, Mitigate, Restore® 2024 tour to educate businesses on cyber threats. The 2023 Travelers Risk Index shows high concern among business owners about cybercrime. Proper cybersecurity controls are deemed crucial for business well-being.
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Citizen Travelers Honored by the Connecticut Democracy Center

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Travelers Companies, Inc. (TRV) announced that its nonpartisan civic engagement employee initiative, Citizen Travelers, received the Connecticut Democracy Center’s Business Leader Award for its dedication to improving civic engagement. The initiative aims to foster democracy through acts of citizenship and service, providing employees with resources and support to engage as informed citizens and shape civic life in their communities.
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Travelers Reports Excellent Fourth Quarter 2023 Results

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The Travelers Companies, Inc. reported record quarterly net income of $1.626 billion and core income of $1.633 billion, driven by underwriting and investment results. The exceptional consolidated combined ratio of 85.8% and underlying combined ratio of 85.9% reflect significant improvement. Net written premiums increased by 13% for the quarter and 14% for the full year. The company returned a total capital of $298 million to shareholders in the quarter and $1.944 billion for the full year. Book value per share increased by 18% over year-end 2022, and adjusted book value per share increased by 8%. The Board of Directors declared a regular cash dividend of $1.00 per share.
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Travelers Institute Announces Winter 2024 Wednesdays with Woodward® Webinar Schedule

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The Travelers Companies, Inc. (TRV) announces its Wednesdays with Woodward winter 2024 schedule, featuring thought leaders discussing topics such as insuring innovation, civic engagement, economic outlook, and insurance fraud in the digital era.
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Travelers Introduces New Financial Institutions Bond for Asset Managers

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Travelers Companies, Inc. (NYSE: TRV) announces new financial institutions bond tailored for asset managers, offering expanded coverage for employee theft, third-party criminal activity, and social engineering fraud. The new bond includes nearly 30 endorsements, an expanded definition of employees and insured parties, and extended reporting time for claim activity. It will be available for new customers starting Jan. 1, 2024, and for existing customers up for renewal on April 1, 2024.
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Travelers Completes Acquisition of Corvus Insurance

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The Travelers Companies, Inc. (NYSE: TRV) has completed the acquisition of Corvus Insurance Holdings, Inc., a leading cyber insurance managing general underwriter. The acquisition is expected to enhance Travelers' cyber capabilities and provide distribution efficiencies to insurance agents and brokers.
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Travelers Schedules Conference Call to Review Fourth Quarter 2023 Results

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The Travelers Companies, Inc. (TRV) will review its Q4 and full year 2023 results on Jan. 19. Investors can access the call via webcast or phone. Replays will be available for one year via webcast and for 30 days by phone.
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Travelers Recognized for Military-Friendly Culture

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Travelers Companies, Inc. (NYSE: TRV) has been recognized as a Military Friendly® Employer and Military Spouse Friendly® Employer by VIQTORY, as well as maintaining its status as a Military Times Best for Vets Employer. The company has a long history of supporting the military community and has gained acclaim for its military-friendly culture for nearly two decades. Travelers' initiatives include an employee resource group, recruiting initiative for military spouses, partnership with American Corporate Partners, and comprehensive benefits for employees deployed on active duty.
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Travelers to Acquire Corvus Insurance

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The Travelers Companies, Inc. has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million. Corvus is an industry-leading cyber insurance managing general underwriter with advanced cyber capabilities. The acquisition will provide Travelers with sophisticated underwriting algorithms, cyber vulnerability scanning, and digital connectivity. Corvus has a proprietary AI-driven cyber risk platform and expertise in the middle-market excess and surplus cyber insurance marketplace. The transaction is expected to close in Q1 2024.
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Travelers Reports Third Quarter 2023 Net Income of $404 million and Core Income of $454 million

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The Travelers Companies, Inc. reports third quarter 2023 net income per diluted share of $1.74 and return on equity of 7.7%. Net written premiums reach a record high of $10.493 billion, up 14% from the prior year quarter. Catastrophe losses and net unfavorable prior year reserve development impact core income. Underlying underwriting income increases by 43%. Net investment income increases by 30%.
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FAQ

What is the current stock price of The Travelers Companies (TRV)?

The current stock price of The Travelers Companies (TRV) is $240.76 as of December 20, 2024.

What is the market cap of The Travelers Companies (TRV)?

The market cap of The Travelers Companies (TRV) is approximately 54.1B.

What types of insurance does Travelers offer?

Travelers provides both commercial and personal insurance lines, including auto, homeowners, and various business coverages.

How long has Travelers been in operation?

Travelers has been serving customers for more than 150 years, making it one of the oldest insurance companies in the U.S.

Where does Travelers operate?

Travelers operates primarily in the United States but also has a presence in international markets, including the United Kingdom and Canada.

What makes Travelers innovative in the insurance industry?

Travelers is known for its groundbreaking policies like the first auto and space travel insurance, hybrid car discounts, and the founding of the Travelers Institute for Public Policy.

How many employees and agents does Travelers have?

Travelers employs over 30,000 people and works with 13,000 independent agents.

What is the Travelers Institute for Public Policy?

Founded in 2009, the Travelers Institute focuses on public policy discussions related to risk management and insurance.

Is Travelers a part of the Dow Jones Industrial Average?

Yes, Travelers is a component of the Dow Jones Industrial Average, highlighting its significance in the financial market.

What percentage of Travelers' premiums come from international markets?

Travelers derives approximately 6% of its premiums from foreign markets.

Does Travelers focus on any specific business size for its commercial insurance?

While Travelers provides coverage for businesses of all sizes, it particularly focuses on serving midsize companies.

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The Travelers Companies, Inc.

NYSE:TRV

TRV Rankings

#246 Ranked by Market Cap
#1500 Ranked by Dividends

TRV Stock Data

54.10B
226.08M
0.24%
85.48%
1.7%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States of America
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