Balance Sheet The Travelers Companies, inc.

Equities

TRV

US89417E1091

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 16:00:02 2026-05-15 EDT			5-day change	1st Jan Change
299.76 ^USD	+0.49%		+0.58%	+3.34%

05-13	Craig Leipold, Jim Kelly, Carl Kaeding, and David Williams., Ecolab Inc. and Securian Financial Group, Inc. acquired Saint Paul Hotel from The Travelers Companies, Inc..	CI
05-11	Goldman Sachs Adjusts Price Target on Travelers to $312 From $309	MT

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Published financial data: THE TRAVELERS COMPANIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	30.86B	33.76B	37.76B	41.94B	43.91B
Total Interest And Dividend Income	3.03B	2.56B	2.92B	3.59B	3.96B
Gain (Loss) on Sale of Investments, Total (Rev)	171M	-204M	-105M	-30M	-48M
Other Revenues, Total	757M	763M	786M	922M	1B
Total Revenues	34.82B	36.88B	41.36B	46.42B	48.83B
Policy Benefits	20.3B	22.85B	26.22B	27.06B	27.22B
Policy Acquisition / Underwriting Costs, Total	5.04B	5.52B	6.23B	6.97B	7.27B
Selling General & Admin Expenses, Total	4.68B	4.81B	5.18B	5.82B	6.12B
Total Operating Expenses	30.02B	33.18B	37.62B	39.85B	40.61B
Operating Income	4.8B	3.7B	3.75B	6.57B	8.22B
Interest Expense, Total	-340M	-351M	-376M	-392M	-425M
EBT, Excl. Unusual Items	4.46B	3.35B	3.37B	6.18B	7.8B
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	4.46B	3.35B	3.37B	6.18B	7.8B
Income Tax Expense	796M	512M	380M	1.18B	1.51B
Earnings From Continuing Operations	3.66B	2.84B	2.99B	5B	6.29B
Net Income to Company	3.66B	2.84B	2.99B	5B	6.29B
Net Income - (IS)	3.66B	2.84B	2.99B	5B	6.29B
Preferred Dividend and Other Adjustments	27M	20M	22M	38M	46M
Net Income to Common Incl Extra Items	3.64B	2.82B	2.97B	4.96B	6.24B
Net Income to Common Excl. Extra Items	3.64B	2.82B	2.97B	4.96B	6.24B
Per Share Items
Net EPS - Basic	14.63	11.91	12.93	21.76	27.84
Basic EPS - Continuing Operations	14.63	11.91	12.93	21.76	27.84
Basic Weighted Average Shares Outstanding	248M	237M	230M	228M	224M
Net EPS - Diluted	14.49	11.77	12.79	21.47	27.43
Diluted EPS - Continuing Operations	14.49	11.77	12.79	21.47	27.43
Diluted Weighted Average Shares Outstanding	251M	240M	232M	231M	228M
Normalized Basic EPS	11.21	8.84	9.17	16.94	21.73
Normalized Diluted EPS	11.11	8.75	9.07	16.71	21.41
Dividend Per Share	3.49	3.67	3.93	4.15	4.35
Payout Ratio	23.73	30.79	30.36	19.02	15.57
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	5.67B	4.53B	4.47B	7.29B	8.9B
EBITA	4.81B	3.72B	3.76B	6.59B	8.24B
EBIT	4.8B	3.7B	3.75B	6.57B	8.22B
EBITDAR	5.76B	4.61B	4.55B	7.36B	8.97B
Total Revenues (As Reported)	34.82B	36.88B	41.36B	46.42B	48.83B
Effective Tax Rate - (Ratio)	17.86	15.27	11.27	19.11	19.34
Current Domestic Taxes	665M	644M	484M	1.27B	1.19B
Current Foreign Taxes	67M	97M	20M	70M	89M
Total Current Taxes	732M	741M	504M	1.34B	1.28B
Deferred Domestic Taxes	62M	-186M	-163M	-152M	210M
Deferred Foreign Taxes	2M	-43M	39M	-3M	21M
Total Deferred Taxes	64M	-229M	-124M	-155M	231M
Normalized Net Income	2.79B	2.1B	2.11B	3.86B	4.87B
Non-Cash Pension Expense	-83M	-147M	-136M	-119M	-91M
Supplemental Operating Expense Items
General and Administrative Expenses	4.59B	4.73B	5.1B	5.74B	6.05B
Net Rental Expense, Total	90M	83M	79M	76M	66M
Imputed Operating Lease Interest Expense	34.55M	31.37M	30.53M	29.17M	25.58M
Imputed Operating Lease Depreciation	55.45M	51.63M	48.47M	46.83M	40.42M
Stock-Based Comp., Other (Total)	162M	183M	214M	260M	256M
Total Stock-Based Compensation	162M	183M	214M	260M	256M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	77.8B	71.16B	77.81B	83.67B	89.83B
Investment In Equity and Preferred Securities, Total	907M	1.1B	608M	687M	618M
Real Estate Owned	979M	952M	959M	902M	900M
Total Other Investments	7.69B	7.24B	9.44B	8.97B	9.83B
Total investments	87.37B	80.45B	88.81B	94.22B	101B
Cash And Equivalents	761M	799M	650M	568M	710M
Reinsurance Recoverable - (IS)	8.45B	8.06B	8.14B	8B	7.89B
Other Receivables - (Insurance Template)	8.7B	9.6B	10.97B	11.86B	11.87B
Deferred Policy Acquisition Costs - (BS)	2.54B	2.84B	3.31B	3.49B	3.52B
Goodwill	4.01B	3.95B	3.98B	4.23B	4.07B
Other Intangibles, Total	306M	287M	277M	360M	336M
Deferred Tax Assets Current	-	1.88B	-	-	-
Restricted Cash	-	-	-	131M	132M
Other Current Assets, Total	3.89B	3.58B	3.25B	3.17B	7.56B
Deferred Tax Assets Long-Term (Collected)	-	-	1.5B	1.76B	887M
Other Long-Term Assets, Total	4.43B	4.27B	5.09B	5.38B	5.56B
Total Assets	120B	116B	126B	133B	144B
Liabilities
Insurance And Annuity Liabilities	245M	246M	260M	263M	268M
Unpaid Claims	56.91B	58.65B	61.63B	64.09B	65.74B
Unearned Premiums	16.47B	18.24B	20.87B	22.29B	22.43B
Reinsurance Payable - (BS)	384M	419M	518M	550M	529M
Current Portion of Leases	93M	86M	81M	71M	69M
Short-Term Borrowings	100M	100M	100M	100M	300M
Long-Term Debt	6.94B	6.94B	7.68B	7.68B	8.71B
Long-Term Leases	238M	192M	162M	204M	176M
Trust Preferred Securities (BS)	254M	254M	254M	254M	254M
Current Income Taxes Payable	119M	-	285M	301M	309M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.12B	1.09B	1.02B	1.02B	3.51B
Deferred Tax Liability Non-Current	289M	-	-	-	-
Other Non Current Liabilities	8.42B	7.94B	8.2B	8.5B	8.52B
Total Liabilities	91.58B	94.16B	101B	105B	111B
Common Stock, Total	24.15B	24.56B	24.91B	25.45B	25.91B
Retained Earnings	41.56B	43.52B	45.59B	49.63B	54.93B
Treasury Stock	-38.02B	-40.08B	-41.1B	-42.25B	-45.45B
Comprehensive Income and Other	1.19B	-6.44B	-4.47B	-4.97B	-2.5B
Total Common Equity	28.89B	21.56B	24.92B	27.86B	32.89B
Total Equity	28.89B	21.56B	24.92B	27.86B	32.89B
Total Liabilities And Equity	120B	116B	126B	133B	144B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	242M	232M	229M	227M	216M
ECS Total Common Shares Outstanding	241M	232M	228M	227M	218M
Book Value / Share	119.76	92.89	109.21	122.97	151.24
Tangible Book Value	24.57B	17.32B	20.67B	23.27B	28.49B
Tangible Book Value Per Share	101.88	74.63	90.57	102.7	131
Total Debt	7.62B	7.57B	8.27B	8.31B	9.51B
Net Debt	6.86B	6.77B	7.62B	7.74B	8.8B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-565M	-453M	-608M	-903M	-999M
Debt Equivalent Oper. Leases	720M	664M	632M	608M	528M
Equity Method Investments, Total	-	289M	-	-	-
Account Code - Inventory Valuation	-	3	3	3	3
Full Time Employees	30.18K	31.85K	32.97K	34K	34K
Part Time Employees	616	650	333	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.66B	2.84B	2.99B	5B	6.29B
Depreciation, Depletion & Amortization	856M	813M	710M	694M	660M
Amortization of Goodwill and Intangible Assets - (CF)	14M	13M	12M	21M	20M
Total Depreciation, Depletion & Amortization	870M	826M	722M	715M	680M
(Gain) Loss on Sale of Investments - (CF)	-171M	204M	105M	30M	48M
Deferred Policy Acquisition Costs - (CF)	-5.23B	-5.82B	-6.69B	-7.17B	-7.37B
Amort. Of Deferred Policy Acq. Costs - (CF)	5.04B	5.52B	6.23B	6.97B	7.27B
(Income) Loss On Equity Investments - (CF)	-993M	-336M	-157M	-294M	-226M
Change in Accounts Receivable	-258M	-877M	-1.34B	-859M	-115M
Reinsurance Recoverable - (CF)	-101M	344M	-63M	111M	-137M
Change in Unearned Revenues	1.25B	1.86B	2.59B	1.49B	584M
Change in insurance Reserves / Liabilities	2.39B	2.05B	2.84B	2.68B	3.3B
Change in Other Net Operating Assets (Collected)	-	-	-	-	-
Other Operating Activities	812M	-141M	484M	404M	291M
Cash from Operations	7.27B	6.46B	7.71B	9.07B	10.61B
Cash Acquisitions	-38M	-4M	-	-382M	-
Sale (Purchase) of Real Estate Properties (Collected)	3M	-31M	-67M	16M	-48M
Investment in Marketable and Equity Securities, Total	-4.86B	-3.33B	-6.21B	-6.55B	-7.22B
Other Investing Activities, Total	-298M	-364M	-545M	-352M	-389M
Cash from Investing	-5.2B	-3.73B	-6.82B	-7.26B	-7.65B
Long-Term Debt Issued, Total	739M	-	738M	-	1.23B
Total Debt Issued	739M	-	738M	-	1.23B
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	293M	267M	141M	321M	214M
Repurchase of Common Stock	-2.2B	-2.06B	-1.02B	-1.12B	-3.13B
Common Dividends Paid	-869M	-875M	-908M	-951M	-979M
Common & Preferred Stock Dividends Paid	-869M	-875M	-908M	-951M	-979M
Cash from Financing	-2.04B	-2.67B	-1.05B	-1.75B	-2.66B
Foreign Exchange Rate Adjustments	-1M	-30M	12M	-14M	23M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-171M
Net Change in Cash	40M	38M	-149M	49M	143M
Supplemental Items
Cash Interest Paid	337M	349M	370M	390M	393M
Cash Income Tax Paid (Refund)	707M	817M	201M	1.31B	1.27B
Net Debt Issued / Repaid	739M	-	738M	-	1.23B
Levered Free Cash Flow	15.29B	11.42B	13.51B	16.49B	12.1B
Unlevered Free Cash Flow	15.5B	11.64B	13.75B	16.73B	12.37B
Change In Net Working Capital	-6.42B	-2.8B	-4.24B	-4.68B	974M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.53	1.96	1.94	3.17	3.71
Return on Total Capital	8.3	7.09	7.55	11.88	13.12
Return On Equity %	12.61	11.27	12.87	18.94	20.7
Return on Common Equity	12.52	11.19	12.78	18.8	20.55
Margin Analysis
Gross Profit Margin %	27.21	23.09	21.57	26.69	29.37
SG&A Margin	13.43	13.04	12.51	12.53	12.53
EBITDA Margin %	16.28	12.28	10.8	15.7	18.23
EBITA Margin %	13.82	10.08	9.09	14.2	16.88
EBIT Margin %	13.78	10.04	9.06	14.16	16.84
Income From Continuing Operations Margin %	10.52	7.71	7.23	10.77	12.88
Net Income Margin %	10.52	7.71	7.23	10.77	12.88
Net Avail. For Common Margin %	10.44	7.65	7.18	10.69	12.78
Normalized Net Income Margin	8	5.68	5.09	8.32	9.98
Levered Free Cash Flow Margin	43.91	30.96	32.67	35.52	24.78
Unlevered Free Cash Flow Margin	44.52	31.56	33.23	36.04	25.33
Asset Turnover
Asset Turnover	0.29	0.31	0.34	0.36	0.35
Receivables Turnover (Average Receivables)	4.26	4.27	4.24	4.26	4.33
Short Term Liquidity
Current Ratio	0.34	0.35	0.33	0.32	0.36
Quick Ratio	0.17	0.17	0.19	0.19	0.19
Operating Cash Flow to Current Liabilities	0.1	0.08	0.09	0.1	0.11
Days Sales Outstanding (Average Receivables)	85.7	85.44	86.15	85.98	84.26
Average Days Payable Outstanding	808.8	749.43	682.72	682.63	693.6
Long Term Solvency
Total Debt/Equity	26.38	35.11	33.2	29.82	28.92
Total Debt / Total Capital	20.87	25.99	24.93	22.97	22.43
LT Debt/Equity	25.71	34.25	32.47	29.2	27.8
Long-Term Debt / Total Capital	20.35	25.35	24.38	22.5	21.56
Total Liabilities / Total Assets	76.02	81.37	80.22	79.08	77.11
EBIT / Interest Expense	14.11	10.56	9.97	16.77	19.34
EBITDA / Interest Expense	16.94	13.15	12.1	18.78	21.1
(EBITDA - Capex) / Interest Expense	16.94	13.15	12.1	18.78	21.1
Total Debt / EBITDA	1.32	1.64	1.82	1.13	1.06
Net Debt / EBITDA	1.19	1.47	1.68	1.05	0.98
Total Debt / (EBITDA - Capex)	1.32	1.64	1.82	1.13	1.06
Net Debt / (EBITDA - Capex)	1.19	1.47	1.68	1.05	0.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.86	5.94	12.15	12.23	5.18
Gross Profit, 1 Yr. Growth %	17.19	-10.13	4.79	38.87	15.74
EBITDA, 1 Yr. Growth %	29.85	-20.06	-1.37	63.06	22.15
EBITA, 1 Yr. Growth %	34.04	-22.73	1.1	75.39	25
EBIT, 1 Yr. Growth %	34.17	-22.78	1.13	75.39	25.09
Earnings From Cont. Operations, 1 Yr. Growth %	35.78	-22.39	5.24	67.13	25.79
Net Income, 1 Yr. Growth %	35.78	-22.39	5.24	67.13	25.79
Normalized Net Income, 1 Yr. Growth %	37.72	-24.76	0.51	83.33	26.15
Diluted EPS Before Extra, 1 Yr. Growth %	37.74	-18.77	8.67	67.87	27.76
Accounts Receivable, 1 Yr. Growth %	3.27	10.35	15.24	8.05	-1.06
Total Assets, 1 Yr. Growth %	3.17	-3.94	8.87	5.72	7.9
Common Equity, 1 Yr. Growth %	-1.08	-25.36	15.59	11.81	18.05
Tangible Book Value, 1 Yr. Growth %	-1.34	-29.51	19.32	12.59	22.44
Cash From Operations, 1 Yr. Growth %	11.58	-11.12	19.27	17.68	16.88
Levered Free Cash Flow, 1 Yr. Growth %	41.73	-19.38	10.68	33.63	-26.61
Unlevered Free Cash Flow, 1 Yr. Growth %	40.94	-19.04	10.62	33.08	-26.1
Dividend Per Share, 1 Yr. Growth %	3.56	5.16	7.08	5.6	4.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5	7.39	9	12.19	8.65
Gross Profit, 2 Yr. CAGR %	9.88	2.62	-2.96	20.63	26.78
EBITDA, 2 Yr. CAGR %	15.55	1.88	-11.2	26.82	41.13
EBITA, 2 Yr. CAGR %	17.3	1.77	-11.62	33.16	48.07
EBIT, 2 Yr. CAGR %	17.39	1.79	-11.63	33.18	48.12
Earnings From Cont. Operations, 2 Yr. CAGR %	18.18	2.65	-9.62	32.63	44.99
Net Income, 2 Yr. CAGR %	18.18	2.65	-9.62	32.63	44.99
Normalized Net Income, 2 Yr. CAGR %	19.19	1.79	-13.04	35.74	52.07
Diluted EPS Before Extra, 2 Yr. CAGR %	20.86	5.77	-6.05	35.06	46.45
Accounts Receivable, 2 Yr. CAGR %	1.11	6.75	12.77	11.59	3.4
Total Assets, 2 Yr. CAGR %	4.59	-0.45	2.26	7.28	6.81
Common Equity, 2 Yr. CAGR %	5.52	-14.07	-7.12	13.68	14.89
Tangible Book Value, 2 Yr. CAGR %	6.53	-16.61	-8.29	15.91	17.41
Cash From Operations, 2 Yr. CAGR %	18.22	-0.42	2.96	18.47	17.28
Levered Free Cash Flow, 2 Yr. CAGR %	31.26	2.9	-2.33	16.21	-0.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.6	2.88	-2.22	16.03	-0.83
Dividend Per Share, 2 Yr. CAGR %	3.95	4.36	6.12	6.34	5.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.76	5.31	8.95	10.07	9.8
Gross Profit, 3 Yr. CAGR %	7.58	2.76	3.34	9.36	18.98
EBITDA, 3 Yr. CAGR %	11.25	2.2	0.79	8.74	25.24
EBITA, 3 Yr. CAGR %	13.06	2.06	1.55	11.07	30.38
EBIT, 3 Yr. CAGR %	13.14	2.09	1.57	11.06	30.43
Earnings From Cont. Operations, 3 Yr. CAGR %	13.22	2.72	3.51	10.93	30.31
Net Income, 3 Yr. CAGR %	13.22	2.72	3.51	10.93	30.31
Normalized Net Income, 3 Yr. CAGR %	14.61	2.24	1.36	11.5	32.47
Diluted EPS Before Extra, 3 Yr. CAGR %	16.01	5.87	6.73	14	32.58
Accounts Receivable, 3 Yr. CAGR %	2.51	4.1	9.51	11.18	7.2
Total Assets, 3 Yr. CAGR %	4.94	1.67	2.56	3.4	7.49
Common Equity, 3 Yr. CAGR %	8.06	-5.98	-5.15	-1.19	15.12
Tangible Book Value, 3 Yr. CAGR %	9.7	-7.17	-6.03	-1.8	18.05
Cash From Operations, 3 Yr. CAGR %	18.42	7.49	5.76	7.65	17.94
Levered Free Cash Flow, 3 Yr. CAGR %	17.7	8.78	7.8	5.19	-0.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	17.33	8.6	7.72	5.19	-0.17
Dividend Per Share, 3 Yr. CAGR %	4.82	4.35	5.26	5.94	5.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.83	5	6.44	8.01	8.83
Gross Profit, 5 Yr. CAGR %	2.33	3.21	3.23	9.57	12.14
EBITDA, 5 Yr. CAGR %	2.07	2.98	1.66	11.41	15.32
EBITA, 5 Yr. CAGR %	2.27	3.62	2.45	13.52	18.08
EBIT, 5 Yr. CAGR %	2.26	3.64	2.49	13.55	18.12
Earnings From Cont. Operations, 5 Yr. CAGR %	3.97	6.69	3.46	13.78	18.45
Net Income, 5 Yr. CAGR %	3.97	6.69	3.46	13.78	18.45
Normalized Net Income, 5 Yr. CAGR %	2.57	4.2	2.63	14.52	19.22
Diluted EPS Before Extra, 5 Yr. CAGR %	7.11	9.93	6.63	16.7	21.13
Accounts Receivable, 5 Yr. CAGR %	3.76	4.55	6.5	7.03	7.02
Total Assets, 5 Yr. CAGR %	3.74	2.26	3.86	3.88	4.24
Common Equity, 5 Yr. CAGR %	4.46	-1.9	1.71	1.44	2.41
Tangible Book Value, 5 Yr. CAGR %	4.87	-2.28	2.12	1.45	2.73
Cash From Operations, 5 Yr. CAGR %	10.23	9.28	11.98	11.76	10.22
Levered Free Cash Flow, 5 Yr. CAGR %	15.75	6.43	7.59	13.19	2.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.37	6.26	7.46	12.99	2.37
Dividend Per Share, 5 Yr. CAGR %	5.9	5.34	5.34	5.14	5.24