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Travelers Companies inc   (TRV)
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Price: $214.3200 $0.05 0.023%
Day's High: $215.95 Week Perf: 3.75 %
Day's Low: $ 213.12 30 Day Perf: -4.74 %
Volume (M): 1,043 52 Wk High: $ 232.75
Volume (M$): $ 223,514 52 Wk Avg: $185.14
Open: $214.64 52 Wk Low: $157.33



 Market Capitalization (Millions $) 49,722
 Shares Outstanding (Millions) 232
 Employees 30,800
 Revenues (TTM) (Millions $) 42,888
 Net Income (TTM) (Millions $) 3,139
 Cash Flow (TTM) (Millions $) -100
 Capital Exp. (TTM) (Millions $) 0

Travelers Companies Inc
The St. Paul Companies,'Inc., is incorporated as a general business corporation under the laws of the State of Minnesota. The St. Paul and its subsidiaries constitute one of the oldest insurance organizations in the United States, dating back to 1853. We are a management company principally engaged, through our subsidiaries, in providing commercial property-liability insurance products and services. We also have a presence in the asset management industry through our 79% majority ownership of Nuveen Investments,'Inc. As a management company, we oversee the operations of our subsidiaries and provide them with capital, management and administrative services.

Our property-liability insurance operations underwrite insurance and provide insurance-related products and services to commercial and professional customers throughout the United States and in selected international markets. Our largest insurance underwriting subsidiary is St. Paul Fire and Marine Insurance Company ('Fire and Marine'). The primary sources of property-liability revenues are premiums earned from insurance policies, income earned from the investment portfolio and net realized gains from sales of investments. According to the most recent industry statistics published in 'Best's Review' with respect to commercial lines property-liability insurers doing business in the United States, our property-liability underwriting operations ranked as the sixth-largest on the basis of 2002 direct written premiums.

Principal Departments and Products

In general, our property-liability insurance operations underwrite the following types, or 'lines,' of insurance coverages.

''general liability, which provides coverage for liability exposures including personal injury and property damage arising from general business operations, products sold and completed work;

''liability coverages for corporations and nonprofit organizations, including their directors and officers, and for a variety of professionals such as lawyers, insurance agents and real estate agents;

''property insurance, which insures tangible property for loss, damage or loss of use;

''commercial multi-peril, which provides a combination of property coverage (for damages such as those caused by fire, wind, hail, water, theft, and vandalism) and liability coverage (for third-party liability from accidents occurring on the insureds' premises or arising out of their operations);

''commercial auto, which provides coverage for businesses against losses resulting from their ownership, maintenance or use of automobiles and trucks, including losses resulting from bodily injury to third parties, physical damage to an insured's vehicle and property damage to other vehicles and other property;

''workers' compensation, which provides coverage for employers for specified benefits payable under state or federal law for workplace injuries, disabilities or death to employees, without regard to fault;

''inland marine, which provides coverage for property which is generally mobile in nature, such as contractors' equipment or cargo being shipped by truck or rail, as well as instrumentalities of transportation or communication such as bridges, tunnels and computers, and certain property risks such as builders' risk;

''aviation and ocean marine insurance;

''contract surety bonds and commercial surety bonds; and

''umbrella coverages, which provide specified layers of coverage on accounts where we do not provide the primary liability coverage.

Through one or more lines underwritten by our business segments, including property and general liability, we are exposed to losses from environmental claims and mold claims. Environmental claims include claims of liability for alleged damage from hazardous or toxic materials. The majority of our general liability policies include an absolute pollution exclusion; however, in several business centers, particularly Oil and Gas and Umbrella/Excess'& Surplus Lines in our Specialty Commercial segment, we continue to underwrite new business with limited pollution coverage. In addition, most business that we underwrite in the United Kingdom and Ireland do not normally include absolute pollution exclusions. Under certain policies we underwrite, we are exposed to losses from claims of mold and moisture infiltration, which can cause personal injury and damage to property. Certain policyholders have submitted claims to us under their property and general liability polices that include damages related to the presence of mold. Predominantly, these mold claims are for property damage submitted under a first-party property policy, or for construction defect third-party liability submitted under a general liability policy. Few personal injury claims related to mold under workers' compensation or general liability policies have been submitted to us. The cause and type of damage of each property damage or bodily injury incident involving mold determines whether the claim may be a covered loss under a property policy or if there is a duty to defend and/or indemnify an insured in a third-party claim. In addition, we have exposure to claims arising from the use of asbestos in building materials and construction.

Competition

Property-Liability Insurance

The property-liability insurance industry is highly competitive in the areas of price, service, product offerings, technology and agent relationships. Ratings issued by independent ratings agencies are also a competitive factor in the insurance business. Increasing the competitive pressure is the current low interest rate environment that is impacting investment returns and making underwriting decisions even more critical. Our domestic and international insurance subsidiaries compete with other stock companies, mutual companies, alternative risk sharing groups and other underwriting organizations. Competitors in this market are primarily national property-liability insurance companies willing to write most classes of business using traditional products and pricing and, to a lesser extent, regional insurance companies and companies that have developed niche programs for specific industry segments. In addition, many large commercial customers self-insure their risks or utilize large deductibles on purchased insurance. There are approximately 3,400 property and liability insurance companies in the United States operating independently or in groups, and no single company or group is dominant. According to'A.M.'Best, we are the sixth-largest United States commercial lines property and liability insurance group based on 2002 direct premiums written. Some of our competitors are larger and have greater access to capital. In various markets, we also compete based on ratings and several of our competitors are more highly rated.

In addition, the financial services industry in general continues to be affected by an intensifying competitive environment, as demonstrated by consolidation through mergers and acquisitions and competition from new entrants, as well as established competitors using new technologies, including the Internet, to establish or expand their businesses. The Gramm-Leach-Bliley Act, passed in 1999, which repealed U.S. laws that separated commercial banking, investment banking and insurance activities, together with changes to the industry resulting from previous reforms, has increased the number of companies competing for a similar customer base.

Our competitors in the Specialty Commercial and Commercial Lines segments include American International Group, The Chubb Corporation, CNA Financial Corporation, Hartford Insurance Group, SAFECO Corporation and Travelers Property Casualty Corp.

Our competitors in the Surety'& Construction segment include CNA Surety Corporation, American International Group, Travelers Property Casualty Corp., and Zurich North America. In our International and Lloyd's segment, our international specialties compete with numerous insurers in the United Kingdom, Canada and Ireland while competitors in Lloyd's markets in which we are active include various insurance companies and other members of Lloyd's.

Our subsidiaries compete principally by attempting to offer a combination of superior products, underwriting expertise and services at a competitive, yet profitable, price. Additionally, our relatively large size and underwriting capacity provide us with opportunities not available to smaller companies.

Asset Management

Nuveen Investments is subject to substantial competition in all aspects of its business. The registered representatives that distribute Nuveen Investments' investment products also distribute numerous competing products, often including products sponsored by the retail distribution firms where they are employed. There are relatively few barriers to entry for new investment management firms. Nuveen Investments' managed account business is also subject to substantial competition from other investment management firms seeking to be approved as managers in the various 'wrap-fee' programs. The sponsor firms have a limited number of approved managers at the highest and most attractive levels of their programs and closely monitor the investment performance and customer service aspects of such firms on an on-going basis as they evaluate which firms are eligible for continued participation in these programs.

Nuveen Investments is also subject to competition in obtaining the commitment of underwriters to underwrite its exchange traded fund offerings. To the extent the increased competition for underwriting and distribution causes higher distribution costs, Nuveen Investments' net revenue and earnings will be reduced.

Investment products are sold to the public by broker/dealers, banks, insurance companies and others, and many competing investment product sponsors offer a broader array of investment products. Many of these institutions have substantially greater resources than Nuveen. In addition, continuing consolidation in the financial services industry and the recent bear market environment are altering the landscape in which Nuveen Investments' distributors compete and the economics of many of the products they offer. The effect that these continuing changes in the brokerage and investment management industries will have on Nuveen Investments and its competitors cannot be predicted. Nuveen Investments competes with other providers of products primarily on the basis of the range of products offered, the investment performance of such products, quality of service, fees charged, the level and type of broker compensation, the manner in which such products are marketed and distributed, and the services provided to registered representatives and investors.



   Company Address: 485 Lexington Avenue New York 10017 NY
   Company Phone Number: 778-6000   Stock Exchange / Ticker: NYSE TRV
   


   

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Travelers Companies Inc

Travelers Companies Inc. sees impressive growth in revenue and earnings for first quarter 2024

The Travelers Companies, Inc. recently announced their first quarter 2024 results, showcasing impressive revenue and earnings growth. The company reported a 15.705% increase in revenue, totaling $11.23 billion, compared to the prior year period. Earnings also saw a significant growth of 16.22%, reaching $4.80 per share. Despite a slight decrease in earnings from the previous reporting season, the company managed to maintain a strong bottom line, with a net income of $1,123.000 million, marking a 15.18% increase from the same period last year.
One of the key highlights from the first quarter results is the shift in focus towards improving sales, which led to a rise in operating earnings by 44.49% to $1468 million. However, the net margin did show a slight decrease to 10%. The company also witnessed a decline in accounts receivable to $8,100.0 million, indicating more efficient management of finances.

Product Service News

Travelers Institute's Cybersecurity Tour Addresses Rising Cyber Threats as Companies Grapple with Revenue Fluctuations

Published Mon, Feb 26 2024 2:00 PM UTC

The Travelers Institute, the public policy division of The Travelers Companies, Inc., recently launched its Cyber: Prepare, Prevent, Mitigate, Restore 2024 tour schedule. These events aim to equip businesses with the necessary tools and knowledge to navigate the continuously evolving landscape of cyber threats. As highlighted in the 2023 Travelers Risk Index, a significant p...

Travelers Companies Inc

Travelers Companies Inc. Achieves Impressive 13.398% Revenue Growth in Q4 20232. Travelers Companies Inc. Announces Date for Fourth-Quarter and Full-Year 2023 Results Review3. Travelers Institute's Winter 2024 Webinar Series to Feature Prominent Leaders and Influential Thinkers4. Travelers Institute?s Webinars Continue to Garner Significant Interest, Providing Valuable Insights for Policy Discussions

Travelers Companies Inc. (NYSE: TRV) recently announced that it will review its fourth-quarter and full-year 2023 results on January 19, 2024. This review will take place at 9 a.m. ET, following the release of the results earlier that morning. Investors can access the call via webcast or by dialing the provided numbers.
In addition to this, the company's policy division, the Travelers Institute, has unveiled the schedule for its prestigious webinar series, Wednesdays with Woodward, for the winter of 2024. This series will feature notable thinkers and leaders from both the public and private sectors who will engage in discussions that impact companies and consumers. The Travelers Institute's webinars have always garnered significant interest, and the upcoming edition is no exception. The series serves as a valuable resource for policy discussions and the dissemination of thought leadership.

Product Service News

Travelers Institute Gears Up for High Profile Webinar Series; Reasserts its Military-Friendly Commitment

Published Mon, Jan 8 2024 2:00 PM UTC

In a recently released report, the Travelers Institute, the policy division of The Travelers Companies, Inc. (NYSE: TRV), unveiled the Wednesdays with Woodward winter 2024 schedule. This webinar series is a prestigious event hosted by Joan Woodward, renowned President of the Travelers Institute, and also the current Executive Vice President of Public Policy at Travelers. The...

Product Service News

Travelers Empowers Asset Managers with Innovative Financial Institutions Bond amidst Impressive Revenue Growth and Strong Profitability

Published Thu, Jan 4 2024 2:00 PM UTC

HARTFORD, Conn. - The Travelers Companies, Inc. (NYSE: TRV), one of the leading insurance providers, has recently unveiled a groundbreaking financial institutions bond exclusively tailored for asset managers. This innovative product aims to shield asset managers from financial losses arising due to employee theft, third-party criminal activities, and social engineering fraud...






 

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