The Travelers Companies Bond & Specialty Insurance — Amortization of deferred acquisition costs decreased by 2.5% to $194.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.7%, from $187.00M to $194.00M. Over 3 years (FY 2022 to FY 2025), Bond & Specialty Insurance — Amortization of deferred acquisition costs shows an upward trend with a 7.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Stable or declining amortization relative to premiums suggests efficient customer acquisition, while rising costs may indicate higher competitive pressure or commission structures.
This metric tracks the systematic expensing of costs incurred to acquire new insurance business, such as commissions and...
Comparable to 'Amortization of Deferred Policy Acquisition Costs' (DAC) at other insurance companies.
trv_segment_bond_specialty_insurance_amortization_of_deferred_acquisition_costs| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $156.25M | $156.25M | $156.25M | $156.25M | $168.25M | $168.25M | $168.25M | $168.25M | $182.00M | $183.00M | $194.00M | $197.00M | $187.00M | $195.00M | $197.00M | $199.00M | $194.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +7.7% | +0.0% | +0.0% | +0.0% | +8.2% | +0.5% | +6.0% | +1.5% | -5.1% | +4.3% | +1.0% | +1.0% | -2.5% |
| YoY Change | — | — | — | — | +7.7% | +7.7% | +7.7% | +7.7% | +8.2% | +8.8% | +15.3% | +17.1% | +2.7% | +6.6% | +1.5% | +1.0% | +3.7% |