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Travelers Companies inc   (TRV)
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Travelers Companies Inc 's

Competitiveness


 

TRV Sales vs. its Competitors Q4 2019



Comparing the results to its competitors, Travelers Companies Inc reported Total Revenue increase in the 4 quarter 2019 by 3.42 % year on year.
The revenue growth was below Travelers Companies Inc 's competitors average revenue growth of 12.73 %, recorded in the same quarter.

List of TRV Competitors

With net margin of 10.83 % company achieved higher profitability than its competitors.

More on TRV Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Travelers Companies inc Net Income in the 4 quarter 2019 grew year on year by 40.58 %, slower than its competitors income growth of 1996.56 %

<<  More on TRV Income Comparisons


Travelers Companies Inc 's Comment on Competitors and Industry Peers


The insurance industry is represented in the commercial marketplace by many insurance companies of varying size as well as other entities offering risk alternatives, such as self-insured retentions or captive programs. Market competition works within the insurance regulatory framework to set the price charged for insurance products and the levels of coverage and service provided. A company's success in the competitive commercial insurance landscape is largely measured by its ability to profitably provide insurance and services, including claims handling and risk control, at prices and terms that retain existing customers and attract new customers.

Competitors typically write Select Accounts business through independent agents and, to a lesser extent, regional brokers and direct writers. Both national and regional property and casualty insurance companies compete in the Select Accounts market which generally comprises lower-hazard, "Main Street" business customers. Risks are underwritten and priced using standard industry practices and a combination of proprietary and standard industry product offerings. Competition in this market is primarily based on product offerings, service levels, ease of doing business and price.

Competitors typically write Commercial Accounts business through independent agents and brokers. Competitors in this market are primarily national property and casualty insurance companies that write most classes of business using traditional products and pricing, and regional insurance companies. Companies compete based on product offerings, service levels, price and claim and loss prevention services. Efficiency through automation and rapid response time to customer needs is one key to success in this market.

In the National Accounts market, competition is based on price, product offerings, claim and loss prevention services, managed care cost containment, risk management information systems and collateral requirements. National Accounts primarily competes with national property and casualty insurance companies, as well as with other underwriters of property and casualty insurance in the alternative risk transfer market, such as self-insurance plans, captives managed by others, and a variety of other risk-financing vehicles and mechanisms. The residual market division competes for state contracts to provide claims and policy management services.

There are several other business groups in Business Insurance that compete in focused target markets. Each of these markets is different and requires unique combinations of industry knowledge, customized coverage, specialized risk control and loss handling services, along with partnerships with agents and brokers that also focus on these markets. Some of these business groups compete with national carriers with similarly dedicated underwriting and marketing groups, whereas others compete with smaller regional companies. Each of these business groups has regional structures that allow them to deliver personalized service and local knowledge to their customer base. Specialized agents and brokers, including wholesale agents and program managers, supplement this strategy. In all of these business groups, the competitive strategy typically is the application of focused industry knowledge to insurance and risk needs.

The competitive landscape in which Bond & Financial Products operates is affected by many of the same factors described previously for the Business Insurance segment. Competitors in this market are primarily national property and casualty insurance companies that 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.

Bond & Financial Products underwrites and markets its products to all sizes of businesses and other organizations, as well as individuals. The Company believes that its reputation for timely and consistent decision making, a nationwide network of local underwriting, claims and industry experts and strong producer and customer relationships, as well as its ability to offer its customers a full range of products, provides Bond & Financial Products an advantage over many of its competitors and enables it to compete effectively in a complex, dynamic marketplace. The Company believes that the ability of Bond & Financial Products to cross-sell its products to customers of the Business Insurance and Personal Insurance segments provides additional competitive advantages for the Company.

International competes with numerous international and domestic insurers in Canada, the United Kingdom and the Republic of Ireland. Companies compete on the basis of price, product offerings and the level of claim and risk management services provided. The Company has developed expertise in various markets in these countries similar to those served in the United States and provides both property and casualty coverage for these markets.

At Lloyd's, International competes with other syndicates operating in the Lloyd's market as well as international and domestic insurers in the various markets where the Lloyd's operation writes business worldwide. Competition is again based on price, product and service. The Company focuses on lines it believes it can underwrite effectively and profitably with an emphasis on short-tail insurance lines.

Although national companies write the majority of this business, Personal Insurance also faces competition from many regional and hundreds of local companies. Personal Insurance primarily competes based on breadth of product offerings, price, service (including claims handling), ease of doing business, stability of the insurer and name recognition. Personal Insurance competes for business within each independent agency since these agencies also offer policies of competing companies. At the agency level, competition is primarily based on price, service (including claims handling), the level of automation and the development of long-term relationships with individual agents. In recent years, most independent personal insurance agents have begun utilizing price comparison rating technology, sometimes referred to as "comparative raters," as a cost-efficient means of obtaining quotes from multiple companies. Because the use of this technology facilitates the process of generating multiple quotes, the technology has increased price comparison on new business and, increasingly, on renewal business. Personal Insurance also competes with insurance companies that use exclusive agents or salaried employees to sell their products, as well as those that employ direct marketing strategies, including the use of toll-free numbers and the internet.

 





  

Commercial Segment Market Share Q4 2019

despite revenue deterioration, Travelers Companies Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 9.63 %.



<<  More on TRV Market Share.
 

  

Net investment Segment Market Share Q4 2019

despite revenue deterioration, Travelers Companies Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 32.51 %.



<<  More on TRV Market Share.
 

  

Personal Segment Market Share Q4 2019

With modest revenue growth of 1.2 % within Personal segment, Travelers Companies inc managed to improve its market share within this segment to approximate 4.08 %.

<<  More on TRV Market Share.
 

  

Premiums Segment Market Share Q4 2019

Premiums segment, revenue fell by -38.94 % and company lost market share, to approximate 7.51 %.





<<  More on TRV Market Share.
 

  

Specialty Segment Market Share Q4 2019

Despite moderate revenue growth of 0.5 % within Specialty segment, Travelers Companies inc improwed its market share within this segment to 23.81 %.



<<  More on TRV Market Share.
 

  

Total Segment Market Share Q4 2019

overall company, revenue fell by -1.02 % company lost market share within this segment.





<<  More on TRV Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


TRV's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Travelers Companies inc TRV 26,561 31,581 2,622 30,200
Allstate Corp ALL 30,909 44,675 4,847 38,800
American International Group Inc AIG 23,046 49,746 4,169 65,000
Assurant Inc AIZ 6,563 10,087 387 17,600
Chubb Ltd CB 51,827 34,186 4,454 10,200
Cincinnati Financial Corporation CINF 13,060 7,924 1,997 4,305
The Hartford Financial Services Group Inc HIG 13,128 19,776 1,672 17,500
Metlife Inc MET 29,647 69,620 5,909 66,000
Progressive Corp PGR 44,809 39,022 3,980 26,501
Safeco Corporation SAFC 0 0 0 0
Xl Group Ltd XL 15,041 11,388 -543 4,663
Loews Corp L 10,493 14,931 871 17,510
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
Triple s Management Corp GTS 670 3,310 100 3,257
National Security Group Inc NSEC 37 67 4 1
Arthur J Gallagher and Co AJG 15,841 14,251 716 21,500
Brown and Brown Inc BRO 10,875 2,392 399 7,807
Tiptree Inc TIPT 185 773 20 929
Arch Capital Group Ltd ACGL 12,625 6,928 1,693 2,030
Atlas Financial Holdings Inc AFH 5 222 -80 214
Amtrust Financial Services, Inc. AFSI 2,905 6,800 291 6,200
Aspen Insurance Holdings Ltd AHL 0 2,454 -166 1,121
Allied World Assurance Co Holdings, Ag AWH 1,677 2,122 157 1,433
Axis Capital Holdings Limited AXS 3,262 5,173 323 1,225
Protective Insurance Corp BWINA 351 496 7 438
Conifer Holdings Inc CNFR 27 96 -8 133
China United Insurance Service Inc CUII 88 96 6 2,239
Donegal Group Inc DGICB 333 812 47 0
Emc Insurance Group Inc. EMCI 780 722 32 1
Endurance Specialty Holdings Ltd. ENH 0 2,539 283 1,154
Essent Group Ltd ESNT 2,786 868 556 366
First Acceptance Corp FAC 34 348 -9 1,400
Fednat holding co FNHC 149 415 1 297
Enstar Group Ltd ESGR 3,397 2,573 928 1,327
Global Indemnity Ltd GBLI 359 604 70 460
Homeowners Of America Holding Corp HAHC 0 0 0 56
Hallmark Financial Services Inc HALL 82 442 28 411
Hci Group Inc HCI 300 242 27 225
Horace Mann Educators Corporation HMN 1,476,202 1,430 184 1,350
Heritage Insurance Holdings Inc HRTG 313 511 29 247
Infinity Property & Casualty Corp IPCC 1,658 1,345 33 2,300
James River Group Holdings Ltd JRVR 1,087 890 30 367
Kingsway Financial Services Inc. KFS 44 52 -28 305
Kingstone Companies Inc KINS 53 146 -6 69
Kemper Corporation KMPR 9,735 3,328 531 5,600
Mercury General Corporation MCY 2,239 3,973 320 4,500
Markel Corporation MKL 12,765 9,526 1,799 10,600
National Interstate Corp NATL 0 0 0 715
Navigators Group Inc NAVG 2,090 1,527 2 675
National General Holdings Corp NGHC 1,805 5,180 327 4,630
Onebeacon Insurance Group, Ltd. OB 1,734 1,242 147 1,150
Old Republic International Corporation ORI 4,660 7,214 1,056 8,200
1347 Property Insurance Holdings, Inc. PIH 29 109 -7 22
Proassurance Corporation PRA 1,349 1,000 1 938
Rli Corp RLI 4,079 1,004 192 902
Safety Insurance Group Inc SAFT 1,277 878 100 622
State National Companies, Inc. SNC 908 237 55 400
State Auto Financial Corporation STFC 1,230 1,410 87 2,065
Hanover Insurance Group Inc THG 3,689 4,891 425 4,800
United Fire Group Inc UFCS 812 1,201 15 1,057
United Insurance Holdings Corp UIHC 364 825 -29 119
Unico American Corp UNAM 28 31 -1 86
Universal Insurance Holdings Inc UVE 595 939 47 392
W R Berkley Corp WRB 10,620 7,902 684 7,621
White Mountains Insurance Group ltd WTM 2,670 1,269 -90 2,973
Alleghany Corp Y 8,158 9,041 890 3,135
Assured Guaranty ltd AGO 2,790 963 401 300
SUBTOTAL 1,874,837 455,745 42,984 734,643


             
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