Travelers (TRV)
Underwriter of commercial, surety, auto, and homeowners insurance through agent-led distribution.
Something off on this page? Send us feedback.
Writes commercial, specialty, surety, auto, and homeowners insurance, earning from underwriting and investment income. A U.S.-centered, agent-and-broker distribution network supports three reporting segments, while catastrophe losses, reserve estimates, reinsurance, and the fixed-income portfolio shape results.
Underwrites property-and-casualty coverage through Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Business Insurance covers organizations with workers' compensation, commercial auto, property, liability, and specialty policies. Bond & Specialty writes surety and management and professional liability coverage, while Personal Insurance focuses on auto, homeowners, and related personal lines. Most U.S. products reach customers through independent agents and brokers, supplemented by direct and partner channels.
Earns from underwriting and investment income, supported by risk selection, pricing, claims, actuarial, and engineering capabilities. Operations are centered in the United States, with a smaller international footprint spanning the United Kingdom, Ireland, retained Canadian surety, Lloyd's, and a Brazilian joint venture following the Canadian divestiture. Results depend on claim-cost estimates, catastrophe exposure, reinsurance availability, and a predominantly fixed-income portfolio held to fund policyholder obligations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 21, 2026 | BMO Capital | Downgrade | Target: $314 | Target: $379 |
| Jul 20, 2026 | Goldman Sachs | Downgrade | Target: $304 | Target: $350 |
| Jul 20, 2026 | Truist Financial | Target | Target: $395 | Target: $425 |
| Jul 20, 2026 | Raymond James | Target | Target: $307 | Target: $430 |
| Jul 15, 2026 | Morgan Stanley | Downgrade | Target: $269 | Target: $290 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.20B · Total debt $9.07B · Total assets $143.58B · Shareholders' equity $33.12B
- Revenue
- $12.15B
- Operating income
- $2.88B
- Net income
- $2.21B
HistoryDividendAnnual yield
| Institutions | 89.37% | 186.40M shares | |
|---|---|---|---|
| 1,898 holders · as of Jun 30, 2026 | |||
| Insiders | 0.52% | 1.09M shares | |
| 23 holders · as of Aug 31, 2026 | |||
| Other | 10.11% | 21.09M shares | |
| remainder | |||
208.58M company shares as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.04% | 20.95M | as of Jun 30, 2026 |
State Street CorpInstitution | 7.53% | 15.71M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.66% | 13.89M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.93% | 10.27M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.99% | 8.31M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Maria Olivo | officer: EVP, ERM & Chief Risk Officer | −6,000 | $369.86 |
| Jul 24, 2026 | Diane Kurtzman | officer: EVP & Chief HR Officer | −4,164 | $386.71 |
| Jul 24, 2026 | Daniel Tei-Hwa Yin | officer: EVP & Co-Chief Invest. Officer | −7,153 | $387.00 |
| Jul 22, 2026 | Andy F. Bessette | officer: EVP and Chief Admin Officer | −3,000 | $368.11 |
| Jul 22, 2026 | Paul E. Munson | officer: SVP & Corp. Controller | −1,525 | $369.91 |
- Chubb
The most direct commercial-lines rival; neck-and-neck in US commercial premiums.
- The Hartford
Core US commercial-lines rival; #1 in workers comp, #2 in commercial multi-peril.
- Progressive
Dominant personal-auto and commercial-auto rival; #2 US P&C; telematics leader.
- Allstate
Major personal-lines rival in auto and homeowners; 4th-largest US P&C insurer.
- American International Group
Global specialty and large-commercial rival; overlaps in management liability and E&S.
- C.N.A. Financial
Pure commercial-lines rival in small-to-large US business; #8 US commercial writer.
- W. R. Berkley
Disciplined specialty and E&S commercial insurer; $12.7B NWP in FY2025.
- Markel Group
Specialty insurer in professional liability, programs, and niche commercial lines.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Travelers | $362.64 | −2.29% | $77.41B | 9.9 | 12.1 | 1.6 | −4.8% |
| Chubb | $334.20 | −0.91% | $130.11B | 11.9 | 12.0 | 2.1 | −1.3% |
| The Hartford | $129.18 | −1.19% | $35.84B | 8.5 | 9.9 | 1.2 | +4.0% |
| Progressive | $204.34 | −3.72% | $123.40B | 10.6 | 12.3 | 1.4 | +5.0% |
| Allstate | $231.23 | −4.79% | $62.52B | 4.8 | 8.2 | 0.9 | −7.2% |
| American International Group | $74.17 | −0.50% | $39.52B | 13.6 | 8.9 | 1.5 | +0.8% |
| C.N.A. Financial | $47.56 | −0.48% | $12.93B | 10.5 | 10.3 | 0.9 | +3.0% |
| W. R. Berkley | $68.00 | −1.15% | $25.61B | 14.1 | 14.4 | 1.4 | +1.2% |
| Markel Group | $1,752.49 | −1.25% | $21.99B | 9.8 | 15.3 | 1.3 | +17.6% |
| Median | 10.6 | 11.1 | 1.3 | +2.1% |