Amortization of deferred acquisition costs
The Travelers Companies Amortization of deferred acquisition costs decreased by 3.9% to $1.77B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.7%, from $1.78B to $1.77B. Over 4 years (FY 2021 to FY 2025), Amortization of deferred acquisition costs shows an upward trend with a 9.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
High amortization relative to premiums may indicate a shift in the mix of new versus renewal business or changes in acquisition efficiency.
Detailed definition
This represents the systematic recognition of costs incurred to acquire new insurance policies, such as commissions and...
Peer comparison
Specific to the insurance industry; peers report this to demonstrate the matching principle in underwriting.
operating_deferred_policy_acquisition_cost_amortization_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $1.25B | $1.28B | $1.3B | $1.31B | $1.37B | $1.41B | $1.43B | $1.46B | $1.52B | $1.6B | $1.64B | $1.7B | $1.68B | $1.79B | $1.81B | $1.78B | $1.8B | $1.85B | $1.84B | $1.77B |
| QoQ Change | — | +2.2% | +1.6% | +0.7% | +4.2% | +3.0% | +2.0% | +2.0% | +3.9% | +5.6% | +2.3% | +3.5% | -1.2% | +6.7% | +0.9% | -1.6% | +1.3% | +2.6% | -0.6% | -3.9% |
| YoY Change | — | — | — | — | +8.9% | +9.8% | +10.2% | +11.6% | +11.3% | +14.1% | +14.4% | +16.1% | +10.5% | +11.6% | +10.1% | +4.7% | +7.4% | +3.3% | +1.7% | -0.7% |
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Business Insurance | $917M | $944M | $973M | $962M | $938M |
| Personal Insurance | $674M | $663M | $679M | $676M | $634M |
| Bond & Specialty Insurance | $187M | $195M | $197M | $199M | $194M |
| Total | $1.78B | $1.8B | $1.85B | $1.84B | $1.77B |
Amortization of deferred acquisition costs at Other Companies
Frequently Asked Questions
- What is The Travelers Companies's amortization of deferred acquisition costs?
- The Travelers Companies (TRV) reported amortization of deferred acquisition costs of $1.77B in Q1 2026.
- How has The Travelers Companies's amortization of deferred acquisition costs changed year-over-year?
- The Travelers Companies's amortization of deferred acquisition costs decreased by 0.7% year-over-year, from $1.78B to $1.77B.
- What is the long-term trend for The Travelers Companies's amortization of deferred acquisition costs?
- Over 4 years (2021 to 2025), The Travelers Companies's amortization of deferred acquisition costs has grown at a 9.6% compound annual growth rate (CAGR), from $5.04B to $7.27B.
- What does amortization of deferred acquisition costs mean?
- The portion of policy acquisition costs recognized as an expense during the current period.