Travelers Companies Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Travelers Companies Inc (TRV) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Travelers Companies Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 48,921M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+1.5% annualized vs trailing 12 months).
- Scale: Travelers Companies Inc ranks #4 of 65 companies by market capitalization in the Property & Casualty Insurance industry, holding 4.2% of industry market cap.
- Peer revenue share: Travelers Companies Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $1.44M compares with $1.08M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TRV Sales vs. its Competitors, Q3 2026
Travelers Companies Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Property & Casualty Insurance industry grew revenue 5.5% year over year, combined, vs -0.5% for Travelers Companies Inc. Travelers Companies Inc's share of combined industry revenue moved from 4.80% to 4.53%, a loss of 0.27 percentage points.
Travelers Companies Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Travelers Companies inc | Yes | Yes | No | No |
| Competitors combined (44) | ||||
| High-Confidence Competitors (4) | ||||
| Similar-Size Competitors (7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TRV Stock Performance relative to its Competitors
TRV Stock Performance relative to High-Confidence Competitors
TRV Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | United Fire Group Inc | 282.9% | Outperformed |
| 2 | Universal Insurance Holdings Inc | 282.9% | Outperformed |
| 3 | Heritage Insurance Holdings Inc | 282.9% | Outperformed |
| 4 | Safety Insurance Group Inc | 282.9% | Outperformed |
| 5 | Hanover Insurance Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Travelers Companies Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Travelers Companies Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Travelers Companies inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Travelers Companies inc | 83,340.74 | 48,921.00 |
| Progressive Corp | 129,651.51 | 91,055.00 |
| Moody s Corporation | 82,948.58 | 8,183.00 |
| Arthur J Gallagher and Co | 66,552.04 | 27,382.50 |
| Metlife Inc | 65,453.34 | 79,403.00 |
| Allstate Corp | 64,751.68 | 70,137.00 |
| SUBTOTAL | 825,475.71 | 930,378.54 |
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Sources: Travelers Companies inc's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Travelers Companies inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Travelers Companies Inc's Competitors Named by the Company
Competitive relationships identified from Travelers Companies Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Lemonade Inc | Company report | 85% |
| Boston Omaha Corp | Company report | 85% |
| Bowhead Specialty Holdings Inc | Company report | 85% |
| Amerinst Insurance Group Ltd | Company report | 85% |
| Guaranty Bancorp | Company report | 85% |
| Arch Capital Group Ltd | Company report | 85% |
| Moody s Corporation | Company report | 85% |
| Mercury General Corporation | Company report | 85% |
| Proassurance Corporation | Company report | 85% |
| Hanover Insurance Group Inc | Company report | 85% |
| Cincinnati Financial Corporation | Company report | 85% |
| The Hartford Insurance Group Inc | Company report | 85% |
| Kemper Corporation | Company report | 85% |
| Old Republic International Corporation | Company report | 85% |
| W R Berkley Corp | Company report | 85% |
| James River Group Holdings Inc | Company report | 85% |
| Metlife Inc | Company report | 85% |
| Rli Corp | Company report | 85% |
| Alleghany Corp | Company report | 85% |
| Loews Corp | Company report | 85% |
| Progressive Corp | Company report | 85% |
| Hartford Financial Services Group Inc | Company report | 85% |
| Markel Group Inc | Company report | 85% |
| White Mountains Insurance Group ltd | Company report | 85% |
| American Financial Group Inc | Company report | 85% |
| Universal Insurance Holdings Inc | Company report | 85% |
| Arthur J Gallagher and Co | Company report | 85% |
| Selective Insurance Group Inc | Company report | 85% |
| American International Group Inc | Company report | 85% |
| Berkshire Hathaway Inc | Company report | 85% |
| Global Indemnity Group Llc | Company report | 85% |
| Assured Guaranty ltd | Company report | 85% |
| Triple s Management Corporation | Company report | 85% |
| Allstate Corp | Company report | 85% |
| Donegal Group Inc | Company report | 85% |
| Horace Mann Educators Corporation | Company report | 85% |
| State Auto Financial Corporation | Company report | 85% |
| American Coastal Insurance Corporation | Company report | 85% |
| United Fire Group Inc | Company report | 85% |
| Assurant Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Travelers Companies Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Travelers Companies Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Travelers Companies Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Travelers Companies inc | Business Insurance 47.23 % |
| Moody s Corporation | Rating Revenue 57.12 % |
| Arthur J Gallagher and Co | Brokerage 45.31 % |
| Metlife Inc | Group Benefits 36.13 % |
| Allstate Corp | Allstate Protection 87.37 % |
| American International Group Inc | North America Operating 30.08 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Travelers Companies Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Travelers Companies inc | 83,341 | 1,438,853 | 244,618 |
| Progressive Corp | 129,652 | 1,821,100 | 233,900 |
| Moody s Corporation | 82,949 | 509,020 | 174,048 |
| Arthur J Gallagher and Co | 66,552 | 380,313 | 21,874 |
| Metlife Inc | 65,453 | 1,726,152 | 79,543 |
| Allstate Corp | 64,752 | 1,308,526 | 248,134 |
| PEERS TOTAL | 742,135 | 1,083,688 | 185,620 |
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Travelers Companies Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Moody s Corporation | United States 55.74 % |
| Arthur J Gallagher and Co | Other Foreign 4.06 % |
| Brown and Brown Inc | US 86.46 % |
| Ncr Atleos Corporation | United States 47.84 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Travelers Companies Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Travelers Companies Inc's industry classification, broader than the peer set above. Market cap in millions of $.Travelers Companies Inc ranks #4 of 65 companies by market capitalization in its industry, holding 4.23 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,542, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 141,168 | 7.07 % |
| 3 | Progressive Corp | 129,652 | 6.49 % |
| 4 | Travelers Companies inc | 84,528 | 4.23 % |
| 5 | Allstate Corp | 64,752 | 3.24 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 8 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Travelers Companies Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-10-20.
Travelers Companies Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 2 | Chubb Limited | 141,168 | 35.38 % |
| 3 | Progressive Corp | 129,652 | 4.91 % |
| 4 | Travelers Companies inc | 84,528 | 52.29 % |
| 5 | Allstate Corp | 1,234 | 12.3% |
| 6 | American International Group Inc | 1,234 | 12.3% |
| 7 | The Hartford Insurance Group Inc | 1,234 | 12.3% |
| 8 | Arch Capital Group Ltd | 1,234 | 12.3% |
| 9 | W R Berkley Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Travelers Companies Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-10-20. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Travelers Companies Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 60.22 % | 44.60 % (avg) | +15.6 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 37.88 % | 22.01 % (avg) | +15.9 pp |
| Capital Intensity (Capex / Revenue) | - | 1.01 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Travelers Companies Inc's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Property & Casualty Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 9.6x | 12.7x | -3.1x |
| EV / EBITDA | 4.6x | 5.0x | -0.4x |
| P/B | 2.4x | 2.1x | +0.4x |
| Return on Equity | 26.20 % | industry aggregate | - |
| Return on Invested Capital | - | 8.28 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Travelers Companies Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 4.77 % | 4.29 % | 2.74 % | 9.23 % | 5.94 % | 12.15 % | 12.23 % | 5.18 % |
| Operating Margin | 10.94 % | 11.03 % | - | 13.78 % | 10.05 % | 9.06 % | 14.16 % | 16.84 % |
| Return on Invested Capital | 4.62 % | 4.45 % | - | 5.46 % | 2.67 % | 2.60 % | 4.17 % | 6.80 % |
| P/E | 11.3x | 11.9x | 14.0x | 10.9x | 15.8x | 12.9x | 11.2x | 10.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Travelers Companies Inc's BCG Growth-Share Matrix
Relative market share (vs Travelers Companies Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Travelers Companies Inc falls in the Dog quadrant: relative market share of 0.60x vs its largest competitor, in an industry growing revenue 5.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Travelers Companies Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,542 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Travelers Companies Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Travelers Companies Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Travelers Companies Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Travelers Companies Inc falls in the High attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Travelers Companies Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
No rule matched.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Travelers Companies Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Travelers Companies inc | 0.01 | 1.08 | 0.29 |
| Progressive Corp | 0.06 | 1.06 | 0.23 |
| Moody s Corporation | 0.60 | 1.44 | 1.95 |
| Arthur J Gallagher and Co | - | 1.14 | 0.56 |
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Allstate Corp | 0.02 | 0.15 | 0.25 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Travelers Companies Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Travelers Companies inc | Q3 2026 | -0.5 % | +1.5 % |
| Progressive Corp | Q2 2026 | +7.3 % | +4.3 % |
| Moody s Corporation | Q2 2026 | +15.1 % | +51.8 % |
| Arthur J Gallagher and Co | Q2 2026 | -37.4 % | -11.5 % |
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Allstate Corp | Q2 2026 | +11.8 % | +55.8 % |
| PEERS TOTAL | +6.7 % | +53.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Travelers Companies Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Travelers Companies inc | Q3 2026 | +0.4 % | - |
| Progressive Corp | Q2 2026 | +1,027.3 % | +35.3 % |
| Moody s Corporation | Q2 2026 | +5.9 % | +21.3 % |
| Arthur J Gallagher and Co | Q2 2026 | - | +29.4 % |
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Allstate Corp | Q2 2026 | +6.1 % | - |
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Travelers Companies Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Travelers Companies inc | 5.82% | 7.60% | 26.20% |
| Progressive Corp | 9.51% | 11.22% | 35.40% |
| Moody s Corporation | 18.45% | 21.89% | 76.52% |
| Arthur J Gallagher and Co | 2.03% | 4.08% | 6.69% |
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Allstate Corp | 10.88% | 16.50% | 43.12% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Travelers Companies Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Travelers Companies inc | 10.42 | 1.70 |
| Progressive Corp | 11.13 | 1.42 |
| Moody s Corporation | 30.18 | 10.14 |
| Arthur J Gallagher and Co | 42.92 | 2.43 |
| Metlife Inc | 19.42 | 0.82 |
| Allstate Corp | 5.00 | 0.92 |
| PEERS AVERAGE | 5.18 | 0.89 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.