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The Travelers Companies (TRV) stock

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NYSE: TRV NYSE Property & Casualty Insurance Next results ~January 20, 2027

B Fundamentals grade

The Travelers Companies is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter The Travelers Companies files

Where Travelers Companies (The) stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $48.9bn, up 1.1% on a year earlier, slower than 2.4% a quarter earlier. That puts it 7 of 8 for growth among the property & casualty insurance companies we cover. The diluted share count is down 5.6% on a year earlier, which lifts each remaining share.

Our model value for The Travelers Companies is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 16, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 20, 2027 (estimated)

The Travelers Companies's trailing-twelve-month revenue grew 1.1% year on year, with a free-cash-flow margin of 20.4%. Where it stands out: change in share count of -5.6% ranks 7 of 47 property & casualty insurance companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 7.2% while net income grew 41.8%: a 35pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 20.4% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 5.6% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Insiders selling. 14 insiders sold $171M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: revenue growth. Revenue growth of 1.1% ranks 38 of 48 property & casualty insurance companies we cover (median 8.3%).
  • Earnings expected to fall. The consensus expects earnings per share to fall 15% next year.

Latest results: FY2026 Q3

Filed October 16, 2026
Earnings per share
$9.18 against an average estimate of $7.43: beat by 23.5%
Revenue
$12.41bn, down 0.5% on a year earlier
Share reaction
+0.4% in the first session after the results on October 16, 2026, against -0.7% for the S&P 500
Next report
October 16, 2026; average EPS estimate $9.92

The Travelers Companies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.7%
  • 1 week-0.3%
  • 1 month+10.7%
  • This year+39.0%
  • 1 year+50.7%
  • 5 years+173.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$48.9B
Net margin
17.0%
EPS (TTM, diluted)
$38.49

Growth

Revenue growth
+1.1%
Change in growth rate
−1.3 pts
Share count change
−5.6%

Earnings

Last results
October 16, 2026
Next results (est.)
January 20, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Insider trade
  3. Insider trade
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Insider trade
  9. Announcement
  10. Insider trade
  11. Results
  12. Announcement
  13. Announcement
  14. Insider trade
  15. Leadership
  16. Announcement
  17. Product
  18. Announcement
  19. Insider trade
  20. Insider trade
  21. Insider trade
  22. Results
  23. Partnership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

The Travelers Companies valuation models and calculator

No model value for The Travelers Companies at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value The Travelers Companies as an insurer, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.59 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$490 ~$330–$740 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$470 ~$380–$600 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$300 ~$200–$390 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$180 ~$150–$310 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$310 ~$270–$400 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$520 ~$410–$690 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare The Travelers Companies with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

80 /100

Strong moat

How hard The Travelers Companies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 2.6% of total assets over 10 years.

  • Durability 11 / 20

    Operating margin has been a median 11.0%; its worst year was 6.5%.

  • Discipline 20 / 20

    The diluted share count fell 14.6% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (85 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $36.80 +33% $43.5bn −1%
Next $31.11 −15% $44.4bn +2%

Next year's EPS estimate has moved +3.1% in 90 days, across 26 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.8% on 90 days ago. In the last 30 days, 16 analysts raised The Travelers Companies's forecast and 0 cut it.

Consensus EPS forecast The Travelers Companies, last 90 days
$30.00 $32.00 $34.00 $36.00 $38.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $34.13 Current fiscal year, 60 days ago: $34.14 Current fiscal year, 30 days ago: $34.15 Current fiscal year, 7 days ago: $36.33 Current fiscal year, Now: $36.80 $36.80 Next fiscal year, 90 days ago: $30.19 Next fiscal year, 60 days ago: $30.24 Next fiscal year, 30 days ago: $30.31 Next fiscal year, 7 days ago: $30.81 Next fiscal year, Now: $31.11 $31.11

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $34.13$30.19
60 days ago $34.14$30.24
30 days ago $34.15$30.31
7 days ago $36.33$30.81
Now $36.80$31.11

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $7.43 $9.18 +23.5%
Jun 2026 $5.39 $10.04 +86.1%
Mar 2026 $7.08 $7.71 +8.9%
Dec 2025 $8.80 $11.13 +26.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 16, 2026

No numeric guidance in The Travelers Companies's latest earnings release (filed October 16, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

29 analysts, Oct 2026
Buy621%
Hold1759%
Sell621%

Monthly trend

  1. Oct 2026517429
  2. Sep 2026517429
  3. Aug 2026517429
  4. Jul 2026517429

Counts of recommendations published by analysts covering The Travelers Companies, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.1%
of tradable shares
Days to cover
4.51
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
93%
of shares
Held by insiders
0.3%
of shares
Employees
34,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +50.7%

$264.58 on October 31, 2025 to $398.80

ThenNowEffect
Revenue (last 12 months) $47.8bn $49.0bn +2.4%
Net margin 11.0% 17.0% +54.6%
P/E multiple 11.6x 10.6x −8.7%
Share count 230m 221m +4.3%

Biggest factor: net margin.

Last 3 years +149.2%

$160.05 on November 3, 2023 to $398.80

ThenNowEffect
Revenue (last 12 months) $38.7bn $49.0bn +26.4%
Net margin 5.8% 17.0% +194.0%
P/E multiple 16.8x 10.6x −36.9%
Share count 235m 221m +6.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TRV+14%+22%+4%+29%+22%+39%
Industry peers (median)+15%−3%+9%+31%+7%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TRV58%58%58%75%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TRV−10%−19%−17%−12%−12%−10%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 46% from July 15, 2019 to March 18, 2020. Getting back needed a 86% gain, reached on February 23, 2021, 342 days after the low.

Price behaviour

52-week range
$263.63 – $405.44
From 52-week high
−1.6%
vs 50-day average
+6.4%
vs 200-day average
+21.3%
Volatility (1 year)
21%
Beta vs S&P 500
-0.17

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±4.6%
After a week
9 up, 3 down
typical move ±4.8%
After a month
9 up, 2 down
typical move ±5.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 16, 2026 +0.4% −0.7% +3.7% —
July 17, 2026 +9.1% −1.1% +14.6% +7.9%
April 16, 2026 +0.5% +1.5% +2.7% +0.1%
January 21, 2026 +3.3% +1.7% +4.6% +13.1%
October 16, 2025 −2.8% −0.1% −0.1% +6.6%
July 17, 2025 +5.5% +0.5% +3.9% +5.3%
April 16, 2025 +2.5% −2.1% +4.3% +9.6%
January 22, 2025 +1.0% +1.1% +4.3% +0.4%
October 17, 2024 +9.3% +0.4% +5.5% +7.4%
July 19, 2024 −6.9% +0.4% −3.1% −0.7%
April 17, 2024 −5.7% −0.8% −4.3% −1.7%
January 19, 2024 +7.8% +1.5% +6.6% +11.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

The Travelers Companies in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) The Travelers Companies
$40B $42B $44B $46B $48B $50B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $41.4B Revenue (TTM), FY24 Q1: $42.9B Revenue (TTM), FY24 Q2: $44.1B Revenue (TTM), FY24 Q3: $45.3B Revenue (TTM), FY24 Q4: $46.4B Revenue (TTM), FY25 Q1: $47B Revenue (TTM), FY25 Q2: $47.8B Revenue (TTM), FY25 Q3: $48.4B Revenue (TTM), FY25 Q4: $48.8B Revenue (TTM), FY26 Q1: $48.9B Revenue (TTM), FY26 Q2: $49B Revenue (TTM), FY26 Q3: $48.9B $48.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $41.4B
FY24 Q1 $42.9B
FY24 Q2 $44.1B
FY24 Q3 $45.3B
FY24 Q4 $46.4B
FY25 Q1 $47B
FY25 Q2 $47.8B
FY25 Q3 $48.4B
FY25 Q4 $48.8B
FY26 Q1 $48.9B
FY26 Q2 $49B
FY26 Q3 $48.9B
Revenue growth, TTM YoY The Travelers Companies
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 12.1% Revenue growth, TTM YoY, FY24 Q1: 13.5% Revenue growth, TTM YoY, FY24 Q2: 13.8% Revenue growth, TTM YoY, FY24 Q3: 13.1% Revenue growth, TTM YoY, FY24 Q4: 12.2% Revenue growth, TTM YoY, FY25 Q1: 9.6% Revenue growth, TTM YoY, FY25 Q2: 8.5% Revenue growth, TTM YoY, FY25 Q3: 6.8% Revenue growth, TTM YoY, FY25 Q4: 5.2% Revenue growth, TTM YoY, FY26 Q1: 4.1% Revenue growth, TTM YoY, FY26 Q2: 2.4% Revenue growth, TTM YoY, FY26 Q3: 1.1% 1.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 12.1%
FY24 Q1 13.5%
FY24 Q2 13.8%
FY24 Q3 13.1%
FY24 Q4 12.2%
FY25 Q1 9.6%
FY25 Q2 8.5%
FY25 Q3 6.8%
FY25 Q4 5.2%
FY26 Q1 4.1%
FY26 Q2 2.4%
FY26 Q3 1.1%
Operating margin (TTM) The Travelers Companies
8% 10% 12% 14% 16% FY12 Q4 FY13 Q3 FY14 Q2 FY15 Q3 Operating margin (TTM), FY12 Q4: 9.5% Operating margin (TTM), FY13 Q1: 9.8% Operating margin (TTM), FY13 Q2: 11.0% Operating margin (TTM), FY13 Q3: 11.0% Operating margin (TTM), FY13 Q4: 13.6% Operating margin (TTM), FY14 Q1: 14.0% Operating margin (TTM), FY14 Q2: 13.5% Operating margin (TTM), FY14 Q3: 13.3% Operating margin (TTM), FY14 Q4: 13.4% Operating margin (TTM), FY15 Q1: 12.6% Operating margin (TTM), FY15 Q2: 13.1% Operating margin (TTM), FY15 Q3: 13.3% 13.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY12 Q4 9.5%
FY13 Q1 9.8%
FY13 Q2 11.0%
FY13 Q3 11.0%
FY13 Q4 13.6%
FY14 Q1 14.0%
FY14 Q2 13.5%
FY14 Q3 13.3%
FY14 Q4 13.4%
FY15 Q1 12.6%
FY15 Q2 13.1%
FY15 Q3 13.3%
FCF margin (TTM) The Travelers Companies
16% 18% 20% 22% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 16.9% FCF margin (TTM), FY24 Q1: 17.4% FCF margin (TTM), FY24 Q2: 17.2% FCF margin (TTM), FY24 Q3: 18.5% FCF margin (TTM), FY24 Q4: 18.0% FCF margin (TTM), FY25 Q1: 17.6% FCF margin (TTM), FY25 Q2: 18.7% FCF margin (TTM), FY25 Q3: 19.2% FCF margin (TTM), FY25 Q4: 20.3% FCF margin (TTM), FY26 Q1: 22.0% FCF margin (TTM), FY26 Q2: 21.1% FCF margin (TTM), FY26 Q3: 20.4% 20.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 16.9%
FY24 Q1 17.4%
FY24 Q2 17.2%
FY24 Q3 18.5%
FY24 Q4 18.0%
FY25 Q1 17.6%
FY25 Q2 18.7%
FY25 Q3 19.2%
FY25 Q4 20.3%
FY26 Q1 22.0%
FY26 Q2 21.1%
FY26 Q3 20.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 24.7 25.1 25.4 25.7 26.2 27.2 26.8 27.6 28.9 30.3 31.6 32.0 34.8 36.9 41.4 46.4 48.8 48.9
Operating income 3.6 3.0 1.4 2.4 3.6 3.6 — — — — — — — — — — — —
Net income 3.6 3.2 1.4 2.5 3.7 3.7 3.4 3.0 2.1 2.5 2.6 2.7 3.7 2.8 3.0 5.0 6.3 8.3
Diluted EPS $6.33 $6.62 $3.36 $6.30 $9.74 $10.70 $10.88 $10.28 $7.33 $9.28 $9.92 $10.52 $14.49 $11.77 $12.79 $21.47 $27.43 $38.49
Growth (year on year)
Revenue +0.8% +1.8% +1.3% +1.2% +1.8% +3.8% −1.3% +3.0% +4.6% +4.8% +4.3% +1.3% +8.9% +5.9% +12.1% +12.2% +5.2% +1.1%
Operating income — −15.5% −54.3% +75.6% +46.1% +2.1% — — — — — — — — — — — —
Net income +23.9% −11.3% −55.6% +73.6% +49.7% +0.5% −6.9% −12.4% −31.8% +22.7% +3.9% +2.9% +35.8% −22.4% +5.2% +67.1% +25.8% +41.8%
Diluted EPS +31.6% +4.6% −49.2% +87.5% +54.6% +9.9% +1.7% −5.5% −28.7% +26.6% +6.9% +6.0% +37.7% −18.8% +8.7% +67.9% +27.8% +50.3%
Margins
Operating margin 14.6% 12.1% 5.5% 9.5% 13.6% 13.4% — — — — — — — — — — — —
Net margin 14.6% 12.7% 5.6% 9.5% 14.0% 13.6% 12.8% 10.9% 7.1% 8.3% 8.3% 8.4% 10.5% 7.7% 7.2% 10.8% 12.9% 17.0%
Cash flow
Cash from operations 4.2 3.1 2.2 3.2 3.8 3.7 3.4 4.5 4.1 4.4 5.2 6.5 7.3 6.5 7.7 9.1 10.6 10.7
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3
Balance sheet
Cash — — — — — — — 0.3 0.3 0.4 0.5 0.7 0.8 0.8 0.7 0.7 0.8 0.8
Total debt 6.5 6.6 6.6 6.5 6.4 6.4 6.3 6.4 6.6 6.6 6.6 6.6 7.3 7.3 8.0 8.0 9.3 9.8
Net debt (negative = net cash) — — — — — — — 6.1 6.2 6.2 6.1 5.8 6.5 6.5 7.4 7.3 8.4 9.0
Diluted shares 569m 483m 421m 390m 374m 343m 314m 291m 279m 270m 262m 255m 251m 240m 232m 231m 228m 216m
Returned to shareholders
Dividends 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 1.0 1.0 1.0
Buybacks — — — — 2.4 3.3 3.2 2.4 1.4 1.3 1.5 0.6 2.2 2.0 1.0 1.0 3.0 6.2
Total returned 0.7 0.7 0.7 0.7 3.1 4.0 3.9 3.2 2.2 2.1 2.3 1.5 3.0 2.9 1.9 2.0 4.0 7.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$6.2B
Dividends (TTM)
$1B
Returned to shareholders
72%
of free cash flow
Buybacks, last 3 fiscal years
$5B
Diluted share count
−5.6%
year over year
Total shareholder yield
8.8%
dividends 1.2% + buybacks 7.6% of market value
Dividend payout ratio
12%
of net income paid out
Sales & admin spending
12.7%
of revenue

Competitors: side by side with peers

Closest by revenue in property & casualty insurance
Last 12 months unless stated TRV CB ALL HIG PGR ACGL Median
Revenue, last 12 months $48.9bn $61.8bn $70.1bn $29.9bn $91.7bn $19.2bn $1.7bn
Revenue growth, last 12 months 1.1% 5.7% 5.9% 9.2% 7.7% 0.4% 8.0%
Revenue growth, 3-year average 6.9% 8.7% 8.7% 7.4% 16.1% 17.7% 9.5%
Revenue growth, latest quarter −0.5% 0.3% 11.8% 3.9% 3.0% −10.5% 4.2%
Operating margin 13.3% — — 10.3% — — 9.4%
Net margin 17.0% 18.2% 18.9% 15.4% 12.7% 24.4% 10.5%
Cash from operations / revenue 21.8% 28.8% 17.8% 23.4% 17.1% 31.7% 18.2%
Free-cash-flow margin 20.4% — 17.5% 19.8% 16.6% 31.5% 17.6%
Free-cash-flow margin, 3-year average 19.4% — 13.6% 20.9% 18.8% 35.5% 16.5%
Stock pay / revenue 0.5% — — 0.0% — 0.8% 0.6%
Change in share count −5.6% −2.8% −1.9% −4.0% −0.4% −5.0% −0.7%

Median of all 48 companies we cover in property & casualty insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

48 property & casualty insurance companies
Measure Company Peer median Rank
Revenue growth Growth 1.1% 8.3% 38 of 48
Change in growth rate Growth -1.3pp -0.7pp 26 of 48
Net margin Profitability 17.0% 10.8% 11 of 48
Stock pay as % of revenue Cash generation 0.5% 0.7% 12 of 34
Change in share count Balance sheet -5.6% -0.7% 7 of 47

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $46.4B 94.9% ▲ 5.5%
Outside the US $2.5B 5.1% ▼ 1.2%
Canada $1.3B 54.5% ▼ 1.0%
Other Non United States $1.1B 45.5% ▼ 1.5%

From The Travelers Companies's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$60.7B
Institutions reporting
1,832
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
164 / 107

Top buyers and sellers, Q2 2026: 844 institutions bought and 718 sold ; the biggest buyer was Vanguard Portfolio Management LLC (+2.9M shares) and the biggest seller FMR LLC (−1.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6.9B 20.9M 11.4% ▼ 3.2%
State Street Corp $5.2B 15.7M 8.5% ▼ 2.7%
Vanguard Capital Management LLC $4.6B 13.9M 7.5% ▼ 1.2%
FMR LLC $3.4B 10.3M 5.6% ▼ 14.4%
Vanguard Portfolio Management LLC $2.7B 8.3M 4.5% ▲ 54.3%
Geode Capital Management, LLC $2.1B 6.3M 3.5% ▲ 12.0%
Massachusetts Financial Services Co $1.4B 4.2M 2.3% ▼ 13.5%
Morgan Stanley $1.3B 3.8M 2.1% ▲ 7.1%
Dimensional Fund Advisors LP $1.2B 3.6M 1.9% ▲ 2.0%
Jpmorgan Chase & Co $1B 3.1M 1.7% ▼ 16.5%
AQR Capital Management LLC $937M 2.8M 1.5% ▲ 15.4%
Bank Of America Corp $932M 2.8M 1.5% ▼ 17.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not The Travelers Companies's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $171M 82 trades by 14 insiders · 0% under pre-set plans
Net ▼ $171M net selling
Insider Date Trade Shares Price Value
Bessette Andy F EVP and Chief Admin Officer October 28, 2026 Sell 3,000 $399.35 $1.2M
Lefebvre Mojgan M EVP & Chief Tech & Ops Officer October 27, 2026 Sell 11,000 $393.84 $4.3M
Klenk Jeffrey P. EVP & Pres., Bond & Spec. Ins. October 22, 2026 Sell 9,016 $405.57 $3.7M
Rowland David Donnay EVP & Co-Chief Invest. Officer October 22, 2026 Sell 5,000 $405.62 $2M
Toczydlowski Gregory C EVP & President, Business Ins. October 22, 2026 Sell 2,100 $404.43 $849,307
Toczydlowski Gregory C EVP & President, Business Ins. October 22, 2026 Sell 32,671 $403.86 $13.2M
Schnitzer Alan D Chairman and CEO October 21, 2026 Sell 2,992 $398.20 $1.2M
Schnitzer Alan D Chairman and CEO October 21, 2026 Sell 44,879 $397.61 $17.8M
Schnitzer Alan D Chairman and CEO October 21, 2026 Sell 15,759 $396.65 $6.3M
Schnitzer Alan D Chairman and CEO October 21, 2026 Sell 12,369 $395.60 $4.9M
Schnitzer Alan D Chairman and CEO October 21, 2026 Sell 12,901 $394.80 $5.1M
Olivo Maria EVP, ERM & Chief Risk Officer October 21, 2026 Sell 15,100 $398.44 $6M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 33 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of The Travelers Companies shares.

  • Julia Letlow(R-LA 5):Purchase, $1,001 - $15,000, traded February 20, 2026, filed March 12, 2026
  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025
  • Val T. Hoyle(D-OR 4):Purchase, $1,001 - $15,000, traded October 29, 2024, filed September 12, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 16, 2026
  • July 17, 2026
  • April 16, 2026
  • January 21, 2026
  • October 16, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on The Travelers Companies was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

The Travelers Companies in brief

What does The Travelers Companies do?
The Travelers Companies is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.
What is The Travelers Companies's stock ticker?
The Travelers Companies trades under the ticker TRV on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is The Travelers Companies's revenue, and how fast is it growing?
Over its most recent trailing twelve months, The Travelers Companies reported revenue of $48.9B, 1.1% higher than a year earlier, according to its SEC filings.
What is The Travelers Companies's free cash flow?
The Travelers Companies's free-cash-flow margin is 20.4% of revenue over the trailing twelve months.
Who are The Travelers Companies's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is The Travelers Companies buying back stock, and does it pay a dividend?
The Travelers Companies spent $6.2B on share repurchases over the trailing twelve months, and its diluted share count fell 5.6% over the year.
What is The Travelers Companies's market cap?
On November 2, 2026, The Travelers Companies's market capitalisation was about $86.3B, with a price-to-earnings ratio of 10.4 and net debt of $9B. Market figures come from third-party market data and may be delayed.
Does The Travelers Companies pay a dividend?
Yes: The Travelers Companies paid $1B in dividends over the trailing twelve months, a dividend yield of 1.23% and a payout ratio of 12.0%.
Who are The Travelers Companies's competitors?
In our Property & Casualty Insurance peer group, the companies closest to The Travelers Companies are Chubb Limited, Allstate, The Hartford, Progressive Corporation and Arch Capital Group. The side-by-side comparison below sets their revenue, margins and growth against The Travelers Companies's.
Are insiders buying or selling The Travelers Companies stock?
Over the last 12 months, The Travelers Companies's directors and officers reported 0 open-market purchases and 82 sales on Form 4. The insider trading page charts every trade.
When is The Travelers Companies's next earnings date?
Around January 20, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — The Travelers Companies announces its own schedule.