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Major US property-casualty insurer selling personal auto/home and commercial insurance.
Major US property-casualty insurer selling personal auto/home and commercial insurance.
Collects premiums up front and pays claims later, investing the money in between, so profit is premiums minus claims and costs (underwriting) plus investment income. Business insurance is the larger half; sales go mostly through independent agents and brokers. Its present form dates from the 2004 merger of St. Paul and Travelers Property Casualty.
Moat: narrow (scale, brand, distribution). Long-standing independent-agent distribution network and underwriting scale across personal and commercial lines.
Headquarters: New York, New York, United States · Founded: 1853 · Employees: 34,000
Size Travelers Companies (The) (TRV) is a United States Financials company (Property/Casualty Insurance) with a market value of $81.0B, the 169th largest of 3,117 United States companies the cockpit tracks. Shares closed at $395.20 on 6 Nov 2026.
Performance Over six months the shares gained 33.1%, against +14.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 10 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +2.8%); the operating margin is 22.1% (peer median 15.3%).
Valuation It trades at 2.79× book value against a peer median of 1.91× (2nd most expensive of 10).
Price implies The share price implies a return on equity of about 13.9%; Travelers Companies (The) delivers 27.5%, so the price asks less than the business earns today.
Credit Travelers Companies (The) has 16 bonds outstanding ($9.55B), rated A by the agencies and trading like A+ at a weighted spread of 76 bp.
Short interest Short interest is 2.8% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $48.9B | $48.8B | $46.4B | $41.4B | $36.9B |
| Revenue growth | — | +5% | +12% | +12% | — |
| Net income | $8.33B | $6.29B | $5.00B | $2.99B | $2.84B |
| Free cash flow | $10.7B | $10.6B | $9.07B | $7.71B | $6.46B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $9.81B | $9.51B | $8.31B | $8.27B | $7.57B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Travelers Companies (The) TRV | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% |
| Chubb CB | $139B | +15% | +6% | 15% | 1.91× | 9.4% |
| Allstate ALL | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% |
| Progressive PGR | $132B | +17% | +8% | 33% | 3.82× | 15.8% |
| Hartford (The) HIG | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | +9.8% | 4th lowest of 10 |
| 6-month return | +33.1% | +14.6% | 2nd highest of 10 |
| Return on equity | 27.5% | 15.8% | highest of 10 |
| Price / book | 2.79× | 1.91× | 2nd most expensive of 10 |
| Trailing P/E | 10.4× | 12.8× | 4th cheapest of 10 |
| ROE the price implies | 13.9% | 9.2% | most demanding of 10 |
| ROE delivered | 27.5% | 15.8% | highest of 10 |
| Bond spread | 76 bp | 91 bp | 3rd tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Travelers Companies (The) TRV | United States | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% | 27.5% |
| Tokio Marine 8766.T | Japan | $105B | +35% | 0% | 12% | 1.98× | 6.7% | 11.8% |
| PICC Property & Casualty 2328.HK | Hong Kong | $48.9B | +16% | +9% | 17% | 1.09× | 5.8% | 16.5% |
| Chubb CB | United States | $139B | +15% | +6% | 15% | 1.91× | 9.4% | 15.5% |
| Fairfax Financial FFH.TO | Canada | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% | 15.8% |
| Hartford (The) HIG | United States | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% | 22.7% |
| Sampo SAMPO.HE | Finland | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% | 16.5% |
| QBE Insurance QBE.AX | Australia | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% | 19.1% |
| Markel MKL | United States | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% | 9.6% |
| Loews L | United States | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% | 8.1% |
Travelers Companies (The) has 16 bonds outstanding with $9.55B face value. The agencies rate it A; its bonds trade like A+. Weighted yield 5.86%, a spread of 76 bp over government bonds.