Shares of The Travelers Companies, Inc. (TRV) have gained 15.5% year to date, outperforming the industry’s increase of 13%, the Finance sector’s rise of 3.2% and the Zacks S&P 500 composite index’s rise of 4.7%. With a market capitalization of $50 billion, the average volume of shares traded in the last three months was 1.5 million.Strong retention rates, positive renewal premium changes, strong returns from the non-fixed income portfolio and sufficient liquidity continue to drive this Zacks Rank #2 (Buy) i ...

Travelers (TRV) reported $10.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.6%. EPS of $7.01 for the same period compares to $3.40 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $10.91 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +39.09%, with the consensus EPS estimate being $5.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ ________________________________________________ Commission file number 001- ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe ...

The Travelers Companies (TRV) reported fourth-quarter 2023 core income of $7.01 per share, which beat the Zacks Consensus Estimate of $5.04. The bottom line more than doubled year over year, driven by higher underlying underwriting gain, lower catastrophe losses and higher net investment income.Behind Q4 HeadlinesTravelers’ total revenues increased 13.5% from the year-ago quarter to $10.9 billion, primarily driven by higher premiums. The top-line figure beat the Zacks Consensus Estimate by 0.2%.Net written ...

FOURTH QUARTER 2 0 23 RESULTS January 1 9 , 2024 LONG -TERM FINANCIAL STRATEGY Generation of Balanced Meaningful top–tier earnings approach to and sustainable and capital rightsizing capital competitive substantially and growing book advantages in excess of value per share ...

Financial Data and Key Metrics Changes - Core income for Q4 2023 was $1.6 billion, with a core return on equity of 24%, both record highs [18] - Net earned premiums reached $10 billion, up more than 13% year-over-year, with an underlying combined ratio improving by 5.5 points to a record 85.9% [5][18] - Full year core income was $3.1 billion, generating a core return on equity of 11.5% [27] Business Line Data and Key Metrics Changes - Business Insurance segment income for Q4 was $957 million, up over $200 million from the prior year, with net written premiums increasing by 14% to a record $5 billion [29][30] - Bond & Specialty Insurance saw net written premiums grow by 7% to $989 million, driven by strong demand in surety and management liability [8][37] - Personal Insurance achieved a 13% growth in net written premiums, with significant renewal premium changes of 21.2% in home and 16.7% in auto [8][40] Market Data and Key Metrics Changes - The overall market environment showed strong pricing dynamics, with renewal premium changes remaining high across all segments [7][31] - The company reported a favorable development in prior year reserves across all segments, contributing positively to the financial results [19] Company Strategy and Development Direction - The company emphasized a focused innovation strategy aimed at achieving industry-leading returns through disciplined growth and investment in capabilities [10][12] - Investments in technology and data analytics were highlighted as key to enhancing competitive advantages and improving underwriting processes [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of the business for 2024 and beyond, citing strong operational results and strategic priorities [17] - The company noted that while the environment remains dynamic, it is well-positioned to generate leading returns in Personal Insurance and grow profitably over time [44] Other Important Information - The company returned nearly $2 billion of excess capital to shareholders through dividends and share repurchases [6][17] - Adjusted book value per share increased by 8% year-over-year to $122.90 [26] Q&A Session Summary Question: Inquiry on Business Insurance underlying loss ratio components - Management noted that while they won't provide specific numbers, favorable pricing trends, a mix shift towards property, and modestly favorable non-CAT weather contributed to the improvement [46][47] Question: Details on general liability and umbrella reserve increases - Management indicated that there were no significant surprises, and the adjustments were modest, reflecting ongoing monitoring of data [48][49] Question: Comments on return on equity and capital allocation - Management acknowledged that while the ROE is solid, elevated catastrophe losses impacted it, and they remain disciplined in capital allocation, focusing on profitable growth and strategic investments [51][55] Question: Update on Fidelis relationship and its impact - Management described the Fidelis relationship as providing a modest benefit in 2023 and expected a similar impact in 2024, without providing specific figures [58][59] Question: Insights on personal auto non-rate restrictions - Management stated that the majority of premium is in states where non-rate actions have been relaxed, aligning with written adequacy [60][61] Question: Pricing dynamics in different markets - Management confirmed that while national property rates have ticked down, middle market and select business rates remain strong [63][64] Question: Clarification on general liability and umbrella returns - Management reiterated that despite reserve increases, the overall returns in these lines remain attractive due to strong rate adequacy [70][71] Question: Importance of free cash flow - Management emphasized that strong free cash flow is crucial for investing in growth, returning capital to shareholders, and growing the investment portfolio [72][73]

Travelers (TRV) reported $10.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.6%. EPS of $7.01 for the same period compares to $3.40 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $10.91 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +39.09%, with the consensus EPS estimate being $5.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Travelers (TRV) came out with quarterly earnings of $7.01 per share, beating the Zacks Consensus Estimate of $5.04 per share. This compares to earnings of $3.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 39.09%. A quarter ago, it was expected that this insurer would post earnings of $2.93 per share when it actually produced earnings of $1.95, delivering a surprise of -33.45%.Over the last four quarters, the company has su ...