— Know what they know.
/
Not Investment Advice

TRV

NYSE · USD
The Travelers Companies, Inc.
Financial Services · Insurance - Property & Casualty
CEO Alan D. Schnitzer Employees 34,000 R&D / revenue 0.0%
Last price
$389.54+1.47%last session
Market cap
$81.2B
P/E (TTM)
10.1x
From 52w high
−2.3%
From 52w low
+48.8%
1-year return
+51.2%
RSI 14 · vs SMA200
72.7 · +20.9%
IS score
68.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

TRV   SPY   XLF (sector ETF) · weekly closes
100120140Jan 26Apr 26Jul 26Oct 26TRV 151SPY 116XLF 107

Score DNA

Each bar is a 0-100 score within the scored universe
60
Profitability
59
Growth
76
Value
86
Momentum
100
Risk (safety)
79
Quality
76
Balance sheet
72
Earnings quality

Flags

Strengths
✓ Net cash✓ Congress buying
Warnings
None of the computed warning flags fires for TRV (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: None, Efficient ScalePiotroski 6 / 9Beta 0.453 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
25 open-market sales, $36.3M
Form 144 notices (12m): 51, $113.1M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-06-02
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+59
191 new holders, 109 closed
1,848 filers hold 89.6% · 683 added, 621 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+28
1,260 funds adding shares
1,232 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
50.9%
20-day avg 62.2%, 50-day avg 54.2%
Latest 11.3 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$48.8B
Revenue growth YoY+5.2%
Gross margin44.3%
Operating income$7.8B
Operating margin16.0%
Net income$6.3B
Net margin12.9%
EPS (diluted)$27.43
Cash flow
Operating cash flow$10.6B
Capital expenditure$0
Free cash flow$10.6B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$0
FCF less SBC$10.6B
Buybacks$3.1B
Dividends$979.0M
Balance sheet & returns
Cash & short-term investments$6.6B
Total debt$9.3B
Net debt$2.7B
Shareholders' equity$32.9B
Goodwill & intangibles$4.4B
Debt / equity0.34
ROE (TTM)26.2%
ROIC (TTM)18.3%
Operating margin by fiscal year
12.8%FY20219.1%FY20228.1%FY202313.3%FY202416.0%FY2025
Revenue $34.8B (FY2021) to $48.8B (FY2025), a 8.8% CAGR.

Valuation

P/E (TTM)10.1x
EV / EBITDA7.8x
Price / sales1.66x
Price / FCF7.6x
FCF yield13.14%
Buyback yield3.85%
SBC / revenue-0.3%
Price / book2.78x
Forward P/E FY202611.2x
Forward P/E FY202712.8x
Forward P/E FY202812.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $378.17 across 6 analysts last quarter is theirs, not ours.

TRV vs industry median

95 companies in Insurance - Property & Casualty
Gross margin 34.9% 54.3% Operating margin 21.6% 11.8% Net margin 17.0% 9.5% ROIC 18.3% 6.2%
TRV (TTM)Industry median Asset turnover 0.34 vs industry 0.34 · financial leverage 4.90

Earnings delivery

Next report 2027-01-20 · consensus EPS $9.76
92%
beat rate, 11 of 12 quarters
+32.0%
median EPS surprise
10
longest beat streak
+38-4+27+48+37+143+78+27+26+9+86+24
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-19 to 2026-10-16. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
TRV The Travelers Companies, Inc $81.2B10.1x26.2%17.0%+5.2% +51.2%
ALL The Allstate Corporation $62.7B4.9x46.1%17.6%+5.4% +27.8%
PGR The Progressive Corporation $127.0B11.0x34.9%14.0%+10.5% −1.4%
CB Chubb Limited $138.8B12.6x15.5%18.2%+7.6% +34.6%
WRB W. R. Berkley Corporation $28.0B15.4x19.8%6.6%+26.0% +5.3%
CINF Cincinnati Financial Corpora $26.3B8.0x21.5%29.4%+19.5% —
MKL Markel Corporation $22.9B10.1x12.6%22.5%+6.7% —
L Loews Corporation $22.6B13.5x10.5%9.4%+4.3% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

2026-10-16Earnings Release; Exhibits
2026-08-07Officer/Director Change
2026-07-24Other Events; Exhibits
2026-07-17Earnings Release; Exhibits
2026-05-22Officer/Director Change; Shareholder Vote; Exhibits
2026-05-21Other Events; Exhibits

Context

Shares outstanding208,575,022
Free float99.5%
Institutional ownership89.6%
Beta0.45
Dividend yield1.21%
Last dividend$1.25 on 2026-09-10
50 / 200-day average$369.22 / $323.63
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where TRV sits among 53 scored companies in Insurance - Property & Casualty (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureTRVIndustry medianIndustry percentileSector median
P/E (TTM) 9.8x 10.5x
38th		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 0.16 0.40
15th		 1.04
Price / sales 1.7x 1.2x
69th		 2.5x
Price / book 2.8x 1.9x
80th		 1.3x
Price / tangible book 3.1x 2.1x
69th		 1.6x
Price / free cash flow n/a
Price / operating cash flow n/a
Enterprise value n/a
EV / sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / free cash flow n/a
Earnings yield 10.3% 9.2%
67th		 7.9%
FCF yield n/a
Operating cash flow yield n/a
Graham number (per share) $350.08 $75.52
93rd		 $50.71

Profitability (TTM)

MeasureTRVIndustry medianIndustry percentileSector median
Gross margin n/a
EBITDA margin n/a
Operating margin 21.6% 14.5%
73rd		 23.3%
EBIT margin 22.1% 15.5%
77th		 23.3%
Net margin 17.0% 11.2%
75th		 18.7%
NOPAT margin 17.4% 11.5%
73rd		 18.7%
FCF margin n/a
Operating cash flow margin n/a
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 12.7% 5.7%
75th		 20.1%
Stock comp / revenue —
Effective tax rate 19.6% 20.9%
18th		 21.0%

Returns on capital

MeasureTRVIndustry medianIndustry percentileSector median
ROE (on average equity) 27.5% 18.3%
80th		 11.9%
ROA 5.8% 3.3%
71st		 1.4%
ROIC n/a
ROCE n/a
Return on tangible assets 7.6% 4.4%
69th		 2.0%
Cash ROIC (OCF / invested capital) n/a
Gross profitability (GP / assets) n/a
ROIC, 3-yr average n/a
ROIC, 5-yr average n/a
ROE, 5-yr average 18.3% 10.8%
77th		 10.7%
Incremental ROIC n/a

Growth

MeasureTRVIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 1.1% 8.0%
18th		 7.1%
Revenue growth (QoQ) 2.1% 7.4%
17th		 2.8%
Revenue CAGR, 3 yr 6.9% 8.4%
38th		 10.8%
Revenue CAGR, 5 yr 7.4% 7.5%
49th		 11.3%
Gross profit CAGR, 3 yr n/a
Operating income CAGR, 3 yr 65.4% 19.9%
86th		 8.8%
Net income growth (TTM YoY) 41.8% 29.7%
60th		 24.7%
Net income CAGR, 3 yr 56.3% 22.9%
83rd		 9.4%
EPS growth (TTM YoY) 53.2% 32.1%
67th		 25.1%
EPS CAGR, 3 yr 61.2% 25.3%
79th		 7.3%
EPS CAGR, 5 yr 22.1% 7.7%
82nd		 4.2%
FCF growth (TTM YoY) n/a
FCF CAGR, 3 yr n/a
Operating cash flow CAGR, 3 yr n/a
Book value CAGR, 3 yr 16.8% 12.2%
69th		 8.9%
Dividend CAGR, 3 yr 4.0% 2.9%
64th		 1.9%
Sustainable growth rate 24.2% 11.8%
82nd		 8.3%

Margin history & stability

MeasureTRVIndustry medianIndustry percentileSector median
Gross margin, 3-yr average n/a
Operating margin, 3-yr average 16.4% 10.5%
71st		 21.4%
Net margin, 3-yr average 13.1% 8.2%
79th		 16.5%
FCF margin, 3-yr average n/a
Revenue stability (0-1) 0.96 0.94
71st		 0.86
Earnings stability (0-1) 0.67 0.44
75th		 0.37
Margin stability (0-1) 0.75 0.72
56th		 0.81

Liquidity (latest quarter)

MeasureTRVIndustry medianIndustry percentileSector median
Cash & short-term investments n/a
Net cash (− = net debt) n/a
Working capital n/a
Current ratio n/a
Quick ratio n/a
Cash ratio (cash + ST investments / current liabilities) n/a
Defensive interval (days) n/a

Leverage & solvency (latest quarter)

MeasureTRVIndustry medianIndustry percentileSector median
Total debt n/a
Debt / equity n/a
Net debt / equity n/a
Debt / assets n/a
Debt / capital n/a
Debt / EBITDA n/a
Net debt / EBITDA n/a
Interest coverage (EBIT / interest) n/a
Cash interest coverage n/a
Debt payback (years of OCF) n/a
Liabilities / assets 79.6% 76.7%
60th		 86.2%
IS credit model rating AA — —
Implied credit spread (bps) 80 80
46th		 175

Efficiency

MeasureTRVIndustry medianIndustry percentileSector median
Asset turnover n/a
Fixed asset turnover n/a
Inventory turnover n/a
Receivables turnover n/a
Days sales outstanding n/a
Days inventory outstanding n/a
Days payables outstanding n/a
Cash conversion cycle (days) n/a
Capex / revenue n/a
Capex / depreciation n/a
Operating expense ratio n/a

Cash flow & earnings quality

MeasureTRVIndustry medianIndustry percentileSector median
Operating cash flow / net income n/a
FCF / net income n/a
FCF / operating cash flow n/a
Capex / operating cash flow n/a
Accruals ratio n/a
Sloan accruals ratio n/a
Earnings quality score (0-1) n/a

Dividends & buybacks

MeasureTRVIndustry medianIndustry percentileSector median
Dividend yield 1.2% 1.6%
38th		 2.3%
Dividend per share (TTM) $4.70 $1.28
87th		 $1.03
Payout ratio (dividends / net income) 12.0% 19.5%
36th		 30.0%
Dividends / FCF n/a
Dividend growth (YoY) 10.7% 7.8%
57th		 6.4%
Buyback yield 7.7% 1.5%
96th		 1.7%
Shareholder yield (dividends + buybacks) 8.9% 3.9%
83rd		 5.2%
Share count change (YoY) -7.4% -0.8%
12th		 -0.3%
Buybacks, last 5 years $21.0B $125.1M
100th		 $85.3M

Scores & forensic checks

MeasureTRVIndustry medianIndustry percentileSector median
IS score 69 59
83rd		 53
IS profitability 60 51
71st		 59
IS growth 59 61
42nd		 57
IS value 76 76
50th		 77
IS momentum 86 86
48th		 76
IS risk (safety) 100 100
19th		 65
IS quality 79 78
63rd		 71
IS balance sheet 76 69
67th		 51
IS earnings quality 72 69
73rd		 74
IS cash flow 79 75
62nd		 71
Piotroski F-score (0-9) 6 6
33rd		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −7.62 −6.61
10th		 −6.00
IS credit score 88 87
52nd		 68

Per share

MeasureTRVIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $39.56 $4.92
96th		 $3.36
Book value per share $137.68 $37.25
96th		 $28.13
Tangible book per share $118.94 $23.17
94th		 $21.49
Revenue per share $232.29 $73.91
92nd		 $17.62
FCF per share n/a
Operating cash flow per share n/a
Cash per share n/a

Size (TTM)

MeasureTRVIndustry medianIndustry percentileSector median
Market cap $81.2B $2.5B
96th		 $2.5B
Revenue $48.9B $2.0B
94th		 $1.0B
EBITDA $11.5B $307.4M
94th		 $269.3M
Net income $8.3B $219.9M
94th		 $168.0M
Free cash flow n/a
Total assets $142.1B $6.4B
98th		 $8.5B
Shareholders' equity $29.0B $1.7B
94th		 $1.5B
Employees 34,000 1,800
94th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-30Golden Russell G.
Director
 Award / grant 130$356.51$46,2505,749
2026-09-30Robinson Elizabeth
Director
 Award / grant 123$356.51$43,75112,729
2026-09-30Jabbour Anthony M
Director
 Award / grant 65$356.51$23,234513
2026-08-28Olivo Maria
EVP, ERM & Chief Risk Officer
 Open-market sale 6,000$369.86$2.2M118,742
2026-08-14Jabbour Anthony M
Director
 Award / grant 446$370.36$165,181446
2026-07-24Yin Daniel Tei-Hwa
EVP & Co-Chief Invest. Officer
 Option exercise 7,153$140.85$1.0M75,987
2026-07-24Yin Daniel Tei-Hwa
EVP & Co-Chief Invest. Officer
 Open-market sale 7,153$387.00$2.8M68,834
2026-07-24Yin Daniel Tei-Hwa
EVP & Co-Chief Invest. Officer
 Option exercise 7,153$140.85$1.0M0
2026-07-24Kurtzman Diane
EVP & Chief HR Officer
 Option exercise 4,164$132.58$552,0639,462
2026-07-24Kurtzman Diane
EVP & Chief HR Officer
 Open-market sale 4,164$386.71$1.6M5,298
2026-07-24Kurtzman Diane
EVP & Chief HR Officer
 Option exercise 4,164$132.58$552,0630
2026-07-22Rowland David Donnay
EVP & Co-Chief Invest. Officer
 Option exercise 5,000$132.58$662,90015,479

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired61,036$368,416
GiftDisposed33,756—
Open-market saleDisposed25105,020$36.3M
Option exerciseDisposed15109,077$15.4M
Option exerciseAcquired15109,077$15.4M
Tax withholdingDisposed120,951$6.5M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 51 notices · 359,825 shares · $113.1M
FiledFilerShares proposedEst. proceeds
2026-08-28Olivo Maria6,000$2.2M
2026-07-28Heyman William H2,344$932,912
2026-07-27Heyman William H3,572$1.4M
2026-07-24Heyman William H5,206$2.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 4 trades (3 purchases) · Senate 5 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-07-02John BoozmanSenateSale$1,001 - $15,0002026-08-17
2026-07-02John BoozmanSenateSale (Full)$1,001 - $15,0002026-08-17
2026-07-02John BoozmanSenateSale (Full)$1,001 - $15,0002026-08-16
2026-06-02Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
2026-02-20Julia LetlowHousePurchase$1,001 - $15,0002026-03-13
2026-02-20Julia LetlowHousePurchase$1,001 - $15,0002026-03-13
2026-01-13Ro KhannaHouseSale$1,001 - $15,0002026-02-10
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.20,949,680$6.9B10.04%
STATE STREET CORP15,706,016$5.2B7.53%
VANGUARD CAPITAL MANAGEMENT LLC13,886,981$4.6B6.66%
FMR LLC10,272,794$3.4B4.93%
VANGUARD PORTFOLIO MANAGEMENT LLC8,314,274$2.7B3.99%
GEODE CAPITAL MANAGEMENT, LLC6,320,694$2.1B3.03%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/4,241,289$1.4B2.03%
DIMENSIONAL FUND ADVISORS LP3,555,980$1.2B1.70%
JPMORGAN CHASE & CO2,857,942$948.5M1.37%
BANK OF AMERICA CORP /DE/2,823,646$932.1M1.35%
Clearbridge Investments, LLC2,812,080$928.3M1.35%
MORGAN STANLEY2,774,655$916.0M1.33%
NORGES BANK2,584,600$853.2M1.24%
GQG Partners LLC2,390,090$789.0M1.15%
Invesco Ltd.2,386,277$787.8M1.14%

Institutional ownership by quarter

2023-092026-0689.6%
% of shares held by 13F filers
2023-092026-061,848
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,84889.6%191683621109
2026-03-311,78985.7%172655636115
2025-12-311,76489.0%23362757782
2025-09-301,65589.1%161579561101
2025-06-301,62291.1%130597554116
2025-03-311,62990.2%18553460796
2024-12-311,56891.0%23450654192
2024-09-301,45590.5%17546150994
2024-06-301,39291.6%115505478136
2024-03-311,43690.7%21444750474
2023-12-311,31291.0%190438453103
2023-09-301,24389.7%102443481107

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-06SCHEDULE 13G/AAbigail P. Johnson5.5%11,999,444
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%16,204,019
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-02-05SCHEDULE 13G/AThe Vanguard Group10.2%22,177,978
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.4B
VTI0.10%$2.4B
VTSAX0.10%$2.4B
VSMPX0.10%$2.4B
DIA4.35%$2.0B
VFFSX0.11%$2.0B

Share structure

Shares outstanding208,575,022
Float207,520,862
Free float99.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$34.8B$36.9B$41.4B$46.4B$48.8B
Cost of revenue$25.3B$28.4B$32.4B$34.0B$27.2B
Gross profit$9.5B$8.5B$8.9B$12.4B$21.6B
R&D$0$0$0$0$0
SG&A$4.7B$4.8B$5.2B$5.8B$6.1B
Operating income$4.5B$3.4B$3.4B$6.2B$7.8B
EBITDA$5.7B$4.5B$4.5B$7.3B$8.9B
Pretax income$4.5B$3.4B$3.4B$6.2B$7.8B
Income tax$796.0M$512.0M$380.0M$1.2B$1.5B
Net income$3.7B$2.8B$3.0B$5.0B$6.3B
EPS, diluted$14.49$11.77$12.79$21.47$27.43
Diluted shares250.8M239.7M232.2M231.1M227.6M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$82.4B$75.4B$83.6B$89.1B$6.6B
Receivables$20.4B$20.6B$21.7B$22.3B$14.9B
Inventory$0$0$0$0$0
Total current assets$103.7B$97.0B$106.4B$112.6B$21.4B
PP&E, net$0$0$0$0$0
Goodwill & intangibles$4.3B$4.2B$4.3B$4.6B$4.4B
Total assets$120.5B$115.7B$126.0B$133.2B$143.7B
Accounts payable$4.3B$4.0B$3.8B$3.7B$3.6B
Total current liabilities$4.4B$4.1B$3.9B$3.8B$91.7B
Long-term debt$7.2B$7.2B$7.9B$7.9B$9.0B
Total liabilities$91.6B$94.2B$101.1B$105.3B$110.8B
Shareholders' equity$28.9B$21.6B$24.9B$27.9B$32.9B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.7B$2.8B$3.0B$5.0B$6.3B
Depreciation & amortization$870.0M$826.0M$722.0M$715.0M$680.0M
Stock-based compensation$0$0$0$0$0
Change in working capital−$1.9B−$2.4B−$2.7B−$3.8B−$4.3B
Operating cash flow$7.3B$6.5B$7.7B$9.1B$10.6B
Capital expenditure$0$0$0$0$0
Free cash flow$7.3B$6.5B$7.7B$9.1B$10.6B
Investing cash flow−$5.2B−$3.7B−$6.8B−$7.3B−$7.7B
Net debt issued / repaid$739.0M$0$738.0M$0$1.2B
Buybacks−$2.2B−$2.1B−$1.0B−$1.1B−$3.1B
Dividends paid−$869.0M−$875.0M−$908.0M−$951.0M−$979.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin27.2%23.1%21.6%26.7%36.9%
Operating margin12.8%9.1%8.1%13.3%16.0%
Net margin10.5%7.7%7.2%10.8%12.9%
FCF margin20.9%17.5%18.6%19.5%21.7%
ROE12.6%11.3%12.9%18.9%20.7%
ROIC-7.9%-6.1%-5.9%-9.4%17.7%
ROA3.1%2.4%2.5%3.9%4.5%
Debt / equity0.250.340.320.290.28
Interest coverage14.1x10.6x10.0x16.8x19.3x
Current ratio23.6023.5827.3829.330.23
Revenue growth+8.9%+6.0%+12.1%+12.2%+5.2%
EPS growth+40.4%−19.1%+7.6%+67.4%+29.5%
P/E at year end9.7x14.7x14.2x10.9x10.3x
EV / EBITDA at year endn/mn/mn/mn/m7.6x
FCF yield at year end20.40%15.45%18.13%16.59%16.32%
Dividend payout23.7%30.8%30.4%19.0%15.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Business And International Insurance————$26.0B
Business Insurance$15.7B$19.6B$21.9B$24.7B—
Personal Insurance$12.0B$13.8B$15.6B$17.4B$18.3B
Bond & Specialty Insurance$3.1B$3.7B$4.0B$4.4B$4.6B

Revenue by region · FY2025

UNITED STATES$46.4B · 90%
Non-US$2.5B · 5%
CANADA$1.3B · 3%
Other Non-U.S.$1.1B · 2%

Street estimates by fiscal year

Next report 2027-01-20 · consensus EPS $9.76 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$44.0B$43.8B – $44.5B$34.69$32.19 – $37.851711.2x
2027$45.3B$44.5B – $45.8B$30.51$29.02 – $33.431712.8x
2028$46.7B$45.3B – $48.0B$31.16$25.66 – $34.56712.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-10-16$7.39$9.18+24.2%$11.4B$12.4B+9.2%
2026-07-17$5.41$10.04+85.6%$11.3B$11.5B+2.4%
2026-04-16$7.07$7.71+9.1%$10.7B$10.3B−3.5%
2026-01-21$8.80$11.13+26.5%$11.1B$10.9B−2.4%
2025-10-16$6.39$8.14+27.4%$11.7B$12.5B+6.7%
2025-07-17$3.65$6.51+78.4%$11.6B$12.1B+4.3%
2025-04-16$0.79$1.91+143.3%$10.8B$11.8B+8.9%
2025-01-22$6.70$9.15+36.6%$10.7B$12.0B+11.8%
2024-10-17$3.55$5.24+47.6%$11.4B$11.9B+4.1%
2024-07-19$1.98$2.51+26.8%$11.3B$11.3B−0.5%
2024-04-17$4.90$4.69−4.3%$10.6B$11.2B+6.3%
2024-01-19$5.09$7.01+37.7%$10.0B$10.9B+9.4%
2023-10-18$3.01$1.95−35.2%$10.3B$10.6B+2.9%
2023-07-20$2.27$0.06−97.4%$10.0B$10.1B+0.8%
2023-04-19$3.55$3.21−9.6%$9.2B$9.7B+5.6%
2023-01-24$3.40$3.400.0%$8.8B$9.6B+10.0%
2022-10-19$1.56$2.20+41.0%$8.9B$9.3B+4.1%
2022-07-21$1.97$2.57+30.5%$8.7B$9.1B+4.7%
2022-04-19$3.61$4.22+16.9%$8.0B$8.8B+9.7%
2022-01-20$3.86$5.20+34.7%$8.0B$9.0B+12.2%
2021-10-19$1.67$2.60+55.7%$8.2B$8.8B+7.1%
2021-07-20$2.39$3.45+44.4%$8.2B$8.7B+5.7%
2021-04-20$2.37$2.73+15.2%$7.1B$8.3B+17.9%
2021-01-21$3.18$4.91+54.4%$6.3B$8.4B+32.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.606-150.906-220.506-290.607-061.007-131.207-201.307-270.808-030.708-100.608-170.608-240.508-31
Week ofNotionalSharesTrades
2026-08-31$531.5M1,438,81456,901
2026-08-24$586.7M1,585,66655,175
2026-08-17$629.1M1,717,41662,254
2026-08-10$695.8M1,863,61968,421
2026-08-03$788.4M2,080,04373,396
2026-07-27$1.3B3,391,30993,825

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1550.9%
DateShort shareShort volumeTotal volume
2026-10-1550.9%384,010755,027
2026-10-1471.3%256,401359,785
2026-10-1365.3%179,068274,063
2026-10-1266.4%152,350229,379
2026-10-0959.0%158,707269,026
2026-10-0867.7%261,146385,924
2026-10-0773.7%226,628307,301
2026-10-0662.6%196,441313,632
2026-10-0561.2%154,319252,174
2026-10-0267.4%173,587257,476
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.1Jan+0.9Feb+1.2Mar+0.7Apr+0.6May-1.0Jun-0.2Jul+0.4Aug+0.9Sep+5.0Oct+3.2Nov+2.6Dec
MonthAvg returnUp yearsYears
Jan+0.1%50%20
Feb+0.9%65%20
Mar+1.2%76%21
Apr+0.7%55%20
May+0.6%50%20
Jun−1.0%45%20
Jul−0.2%45%20
Aug+0.4%60%20
Sep+0.9%60%20
Oct+5.0%75%20
Nov+3.2%85%20
Dec+2.6%75%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1472.7
MFI76.5
ADX15.9
Stochastic %K / %D97.0 / 96.5
Williams %R-3.7
CCI183
TSI / signal16.6 / 1.9
Chaikin money flow0.17
ATR$7.81
Bollinger width9.2%
Volume vs 20-day avg2.57x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$367.05 (+6.1%)
SMA 50$368.71 (+5.6%)
SMA 200$322.26 (+20.9%)
EMA 21$370.89 (+5.0%)
EMA 50$365.83 (+6.5%)
EMA 200$330.38 (+17.9%)
Bollinger upper$384.03 (+1.4%)
Bollinger lower$350.08 (+11.3%)
Parabolic SAR$360.84 (+8.0%)
Open the live chart, 110+ indicators

About The Travelers Companies, Inc.

The Travelers Companies, Inc., through its network of subsidiaries, delivers a broad spectrum of commercial and personal property and casualty insurance products and services. These offerings cater to businesses, government entities, associations, and individual clients both within the United States and internationally. The company's operations are divided into three primary segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment provides a comprehensive portfolio of commercial coverages, ranging from foundational offerings like workers' compensation, commercial auto, property, general liability, multi-peril, and employers' liability, to more specialized policies. These specialized offerings include public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and even kidnap and ransom insurance. This segment serves a diverse clientele, from small and mid-sized enterprises to large corporations, and also focuses on sectors like commercial trucking and agriculture. Its products are distributed through a robust network of independent brokers, wholesale agents, and program managers. The Bond & Specialty Insurance segment focuses on providing surety and fidelity bonds, as well as management and professional liability insurance. Additionally, it offers other property and casualty coverages paired with crucial risk management services. Distribution for this segment is handled via independent agencies and brokers. Lastly, the Personal Insurance segment addresses individual needs by offering property and casualty insurance for personal risks. Its primary focus areas are automobile and homeowners insurance, which are also made available to consumers through independent agencies and brokers. Founded in 1853, The Travelers Companies, Inc. maintains its headquarters in New York, New York.

https://www.travelers.com

Key executives

NameTitlePayBorn
Alan David SchnitzerChairman & Chief Executive Officer$10.6M1966
Avrohom J. KessVice Chairman & Chief Legal Officer$5.3M1969
Gregory Cheshire ToczydlowskiExecutive Vice President & President of Business Insurance$5.1M1967
Michael Frederick KleinExecutive Vice President & President of Personal Insurance$4.5M1968
Daniel Stephen FreyExecutive Vice President & Chief Financial Officer$4.1M1965
Andy Francis BessetteExecutive Vice President & Chief Administrative Officer—1954
Daniel Tei-Hwa YinExecutive Vice President & Co-Chief Investment Officer—1966
David Donnay RowlandExecutive Vice President & Co-Chief Investment Officer—1966

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Alan D. Schnitzer Chairman and Chief Executive Officer2025$1.4M$18.1M$0$28.5M
Gregory C. Toczydlowski Executive Vice President and President, Business Insurance2025$887,739$3.6M$0$8.6M
Avrohom J. Kess Vice Chairman and Chief Legal Officer2025$987,739$3.0M$0$8.3M
Michael F. Klein Executive Vice President and President, Personal Insurance2025$837,739$3.4M$0$7.8M
Daniel S. Frey Executive Vice President and Chief Financial Officer2025$837,739$2.7M$0$6.8M

Employees

30k201831k201931k202031k202132k202233k202334k202434k2025

Dividends

Ex-dateAmountPaid
2026-09-10$1.252026-09-30
2026-06-10$1.252026-06-30
2026-03-10$1.12026-03-31
2025-12-10$1.12025-12-31
2025-09-10$1.12025-09-30
2025-06-10$1.12025-06-30
2025-03-10$1.052025-03-31
2024-12-10$1.052024-12-31

Moat model

None · Efficient Scale · 2026-09-30
Cost advantage30
Intangibles36
Switching costs12
Network effect65
Efficient scale75
Our component scores (0-100) and overall 39.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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