TRV Q4 2021 Earnings Report — The Travelers Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Travelers Companies, Inc.TRV

Q4 2021 Earnings

Reported February 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$9.0B	$8.8B	$8.4B	2.3%	7.3%
Op. Income	$1.6B	$786M	$1.6B	109.9%	2.1%
Gross Margin	32.1%	23.4%	33.8%	8.7pp	-1.8pp
Net Margin	14.8%	7.5%	15.6%	7.3pp	-0.8pp
EPS (Diluted)	$5.37	$2.62	$5.10	105.0%	5.3%
Free Cash Flow	$1.7B	$2.5B	$1.9B	-33.5%	-11.0%

Revenue Flow

Item	Amount
REVENUE	$9.0B
Cost of Revenue	$6.1B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$88M
Operating Expenses	$1.2B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$88M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$317M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$208M
EBIT	$1.7B
EBITDA	$1.9B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$9.0B
Cost of Revenue	$6.1B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$88M
Operating Expenses	$1.2B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$88M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$317M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$208M
EBIT	$1.7B
EBITDA	$1.9B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$208M
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	$1.0B
Change in Working Capital	-$874M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$4.0B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	-$62M
NET CASH FROM INVESTING	-$774M
Net Debt Issuance	$0
Common Stock Repurchased	-$801M
Common Dividends Paid	-$214M
Other Financing Activities	$37M
NET CASH FROM FINANCING	-$978M
FREE CASH FLOW	$1.7B
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$761M
Short-Term Investments	$81.6B
Net Receivables	$20.4B
Inventory	$0
Other Current Assets	-$103.7B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$4.0B
Intangible Assets	$306M
Long-Term Investments	$82.5B
Tax Assets	$0
Other Non-Current Assets	-$86.9B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$120.5B
Account Payables	$4.3B
Short-Term Debt	$100M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$7.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$289M
Other Non-Current Liabilities	$79.7B
TOTAL NON-CURRENT LIABILITIES	$87.2B
TOTAL LIABILITIES	$91.6B
Common Stock	$24.2B
Additional Paid-In Capital	$0
Retained Earnings	$41.6B
Treasury Stock	-$38.0B
Accum. Other Comp. Income	$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.9B
Minority Interest	$0
TOTAL EQUITY	$28.9B
TOTAL LIABILITIES & EQUITY	$120.5B
Total Debt	$7.3B
Net Debt	$6.5B