Travelers Overview (07/03/2025 00: 00

Published: 2025-07-03 09:55:10 ET TRV

Published on 07/03/2025 at 09:55

OVERVIEW - Perform & Transform

2025

Long- Term Financial Strategy

Meaningful and sustainable

competitive

advantages

Generation of top-tier earnings and capital substantially

in excess of growth needs

Balanced approach to rightsizing capital and growing book value per share over time

Objective: Mid-Teens Core ROEOver Time

2

Leading U.S. Domestic P&C Carrier

2 0 2 4 N e t W r i t t e n P r e m i u m s 1

Personal Insurance

$17.2 Billion

Business Insurance

51%

$22.1 Billion

Bond & Specialty Insurance

9%

$4.1 Billion

3

93% U.S.

7% International

1 On May 27, 2025, Travelers announced it has signed a definitive agreement to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada, with the transaction expected to close in the first quarter of 2026. Net written premiums in 2024 included approximately $1 billion related to the portion of Travelers

Canada to be sold as part of this transaction.

Deliberate and Disciplined Execution

Financial Highlights

$ in millions, except per share amounts

2024

2023

2022

Net Written Premiums

$ 43,356

$ 40,201

$ 35,414

Combined Ratio

92.5%

97.0%

95.6%

Underlying Combined Ratio1

86.2%

89.5%

92.0%

Net Income

$ 4,999

$ 2,991

$ 2,842

Core Income

$ 5,025

$ 3,072

$ 2,998

Core Income Per Diluted Share

$ 21.58

$ 13.13

$ 12.42

Operating Cash Flow

$ 9,074

$ 7,711

$ 6,465

Total Assets

$ 133,189

$ 125,978

$ 115,717

Total Investments

$ 94,223

$ 88,810

$ 80,454

Shareholders' Equity

$ 27,864

$ 24,921

$ 21,560

Book Value Per Share

$ 122.97

$ 109.19

$ 92.90

Adjusted Book Value Per Share2

$ 139.04

$ 122.90

$ 114.00

Dividends Per Share

$ 4.15

$ 3.93

$ 3.67

Yield

1.7%

2.1%

2.0%

Return On Equity

19.2%

13.6%

12.2%

Core Return On Equity

17.2%

11.5%

11.3%

4 1 Excludes the impact of net prior year reserve development and catastrophe losses.

2 Excludes net unrealized investment gains (losses), net of tax, included in shareholders' equity.

Deliberate and Disciplined Execution

$43.4B

$22.4B

Accelerating NWP Growth Consistently Strong Underlying Profitability3 Improved Expense Ratio

93.0%

AVG = 91.0%

86.2%

AVG = 31.7%

28.5%

$98.8B

$69.7B

2012-2016

$9.1B

$3.7B

2012-2016

Higher Underlying Underwriting Income4 Higher Cash Flow From Operations Growing Invested Assets5

(after-tax)

$4.5B

$1.3B

2012-2016

5

1 Represents growth from 2012 through 2016.

2 Represents growth from 2016 through 2024.

3 Underlying underwriting combined ratio which excludes the impact of net prior year reserve development and catastrophe losses.

4 Underlying underwriting income which excludes the impact of net prior year reserve development and catastrophe losses.

5 Invested assets excludes net unrealized investment gains (losses).

Disclaimer

The Travelers Companies Inc. published this content on July 03, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 03, 2025 at 13:53 UTC.