TRV

MKT CAP:$64B

The Travelers Companies, Inc.

Market Cap

$64B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$302.65+$17.46 (+6.12%)

Apr 24, 2026

Company Details

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states ...

CEO

Alan David Schnitzer

IPO Date

Nov 17, 1975

Website

www.travelers.com

Key Metrics TTM

Revenue

$48.9B

+4.1% YoY

Net Income

$7.6B

EPS (Diluted)

$33.61

Free Cash Flow

$11.4B

Revenue / Share

$224.09

Gross Margin

32.7%

Operating Margin

15.0%

Net Margin

15.5%

FCF Margin

23.4%

P/S

1.3x

P/E

8.5x

Earnings Reports

Q1 2026

Apr 16, 2026

NEW

$11.9B+1.0%EPS $7.78

FY 2025

Feb 12, 2026

$48.8B+5.2%EPS $27.43

Q4 2025

Feb 12, 2026

$12.4B+3.5%EPS $11.06

Q3 2025

Oct 16, 2025

$12.5B+4.8%EPS $8.24

Q2 2025

Jul 17, 2025

$12.1B+7.4%EPS $6.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$9.1B	$2.0B	$657M
Q3 22	$9.3B	$1.8B	$528M
Q4 22	$9.6B	$2.3B	$987M
Q1 23	$9.7B	$2.3B	$928M
Q2 23	$10.1B	$1.4B	-$48M
Q3 23	$10.6B	$1.9B	$472M
Q4 23	$10.9B	$3.4B	$2.0B
Q1 24	$11.2B	$2.9B	$1.4B
Q2 24	$11.3B	$2.2B	$656M
Q3 24	$11.9B	$3.1B	$1.6B
Q4 24	$12.0B	$4.2B	$2.6B
Q1 25	$11.8B	$2.0B	$468M
Q2 25	$12.1B	$3.5B	$1.9B
Q3 25	$12.5B	$5.9B	$2.3B
Q4 25	$12.4B	$6.6B	$3.1B
Q1 26	$11.9B	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	1.1x	11.2x
Q3 22	1.0x	10.9x
Q4 22	1.2x	15.4x
Q1 23	1.0x	14.1x
Q2 23	1.0x	17.7x
Q3 23	0.9x	17.0x
Q4 23	1.1x	14.7x
Q1 24	1.2x	16.6x
Q2 24	1.0x	12.5x
Q3 24	1.2x	11.7x
Q4 24	1.2x	10.9x
Q1 25	1.3x	14.0x
Q2 25	1.3x	11.4x
Q3 25	1.3x	10.5x
Q4 25	1.3x	10.2x
Q1 26	1.3x	8.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$1.4B	$1.4B
Q3 22	$2.5B	$2.5B
Q4 22	$1.3B	$1.3B
Q1 23	$1.0B	$1.0B
Q2 23	$1.5B	$1.5B
Q3 23	$3.0B	$3.0B
Q4 23	$2.1B	$2.1B
Q1 24	$1.5B	$1.5B
Q2 24	$1.7B	$1.7B
Q3 24	$3.9B	$3.9B
Q4 24	$2.1B	$2.1B
Q1 25	$1.4B	$1.4B
Q2 25	$2.3B	$2.3B
Q3 25	$4.2B	$4.2B
Q4 25	$2.7B	$2.7B
Q1 26	$2.2B	$2.2B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+5.2%	+12.2%
Q3 22	+5.8%	+9.5%
Q4 22	+7.0%	+17.5%
Q1 23	+10.2%	+15.1%
Q2 23	+10.5%	+19.7%
Q3 23	+14.2%	+15.7%
Q4 23	+13.5%	+3.1%
Q1 24	+15.7%	+12.3%
Q2 24	+11.7%	+4.7%
Q3 24	+11.9%	+1.8%
Q4 24	+9.8%	+5.6%
Q1 25	+5.2%	+15.1%
Q2 25	+7.4%	-3.7%
Q3 25	+4.8%	-2.1%
Q4 25	+3.5%	-1.0%
Q1 26	+1.0%	+5.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	-$125M	-1.0%
Q4 25	$0	0.0%
Q1 26	$149M	1.2%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$1.2B	—
Q3 22	$1.2B	—
Q4 22	$1.2B	—
Q1 23	$1.3B	—
Q2 23	$1.3B	—
Q3 23	$1.3B	—
Q4 23	$1.3B	—
Q1 24	$1.4B	—
Q2 24	$1.5B	—
Q3 24	$1.5B	—
Q4 24	$1.5B	—
Q1 25	$1.5B	—
Q2 25	$1.5B	—
Q3 25	$1.6B	$17M
Q4 25	$1.5B	—
Q1 26	$1.5B	—

Revenue Segments

Quarter	Bond & Specialty Insurance	Business Insurance	Personal Insurance
Q2 22	$919M	$4.9B	$3.4B
Q3 22	$948M	$4.9B	$3.5B
Q4 22	$946M	$5.1B	$3.6B
Q1 23	$953M	$5.1B	$3.6B
Q2 23	$996M	$5.3B	$3.8B
Q3 23	$1.0B	$5.7B	$4.0B
Q4 23	$1.0B	$5.8B	$4.1B
Q1 24	$1.1B	$5.9B	$4.2B
Q2 24	$1.1B	$6.0B	$4.3B
Q3 24	$1.1B	$6.3B	$4.4B
Q1 25	$1.1B	$6.3B	$4.5B
Q2 25	$1.1B	$6.4B	$4.6B
Q3 25	$1.2B	$6.7B	$4.6B
Q1 26	$1.1B	$6.4B	$4.3B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$710M	$74.7B	$75.4B
Q3 22	$773M	$72.4B	$73.2B
Q4 22	$799M	$74.6B	$75.4B
Q1 23	$767M	$76.2B	$76.9B
Q2 23	$605M	$77.1B	$77.7B
Q3 23	$593M	$77.1B	$77.7B
Q4 23	$500M	$82.9B	$83.4B
Q1 24	$667M	$82.7B	$83.3B
Q2 24	$729M	$83.5B	$84.3B
Q3 24	$772M	$90.2B	$90.9B
Q4 24	$568M	$24.8B	$25.4B
Q1 25	$724M	$90.6B	$91.3B
Q2 25	$521M	$93.0B	$93.5B
Q3 25	$592M	$98.6B	$99.2B
Q4 25	$842M	$5.7B	$6.6B
Q1 26	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	241M	-1.1%	-4.7%
Q3 22	238M	-1.3%	-4.9%
Q4 22	236M	-0.7%	-4.1%
Q1 23	234M	-0.8%	-3.8%
Q2 23	230M	-2.0%	-4.7%
Q3 23	231M	+0.6%	-2.9%
Q4 23	231M	0.0%	-2.2%
Q1 24	232M	+0.4%	-1.0%
Q2 24	232M	-0.2%	+0.8%
Q3 24	231M	-0.4%	-0.2%
Q4 24	231M	+0.0%	-0.2%
Q1 25	230M	-0.1%	-0.7%
Q2 25	229M	-0.5%	-1.0%
Q3 25	228M	-0.8%	-1.3%
Q4 25	224M	-1.5%	-2.9%
Q1 26	218M	-2.5%	-5.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$296.6K	31K
Q3 22	$302.3K	31K
Q4 22	$296.6K	33K
Q1 23	$298.6K	33K
Q2 23	$310.7K	33K
Q3 23	$327.2K	33K
Q4 23	$328.4K	33K
Q1 24	$337.2K	33K
Q2 24	$338.8K	33K
Q3 24	$357.5K	33K
Q4 24	$353.3K	34K
Q1 25	$347.4K	34K
Q2 25	$356.4K	34K
Q3 25	$366.8K	34K
Q4 25	$365.6K	34K
Q1 26	$350.7K	34K

Revenue / Employee