Deferred Policy Acquisition Costs, Amortization Expense
The Travelers Companies Deferred Policy Acquisition Costs, Amortization Expense 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), Deferred Policy Acquisition Costs, Amortization Expense 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 new business may indicate past high-growth periods, while changes reflect shifts in acquisition strategy.
Detailed definition
This is the periodic expense recognized for the amortization of costs incurred to acquire new insurance policies, such a...
Peer comparison
Standard accounting practice for insurers; reflects the company's historical customer acquisition efficiency.
other_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 | $1.30B | $1.31B | $1.37B | $1.41B | $1.43B | $1.46B | $1.52B | $1.60B | $1.64B | $1.70B | $1.68B | $1.79B | $1.81B | $1.78B | $1.80B | $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 | $917.00M | $944.00M | $973.00M | $962.00M | $938.00M |
| Personal Insurance | $674.00M | $663.00M | $679.00M | $676.00M | $634.00M |
| Bond & Specialty Insurance | $187.00M | $195.00M | $197.00M | $199.00M | $194.00M |
| Total | $1.78B | $1.80B | $1.85B | $1.84B | $1.77B |
Deferred Policy Acquisition Costs, Amortization Expense at Other Companies
Frequently Asked Questions
- What is The Travelers Companies's deferred policy acquisition costs, amortization expense?
- The Travelers Companies (TRV) reported deferred policy acquisition costs, amortization expense of $1.77B in Q1 2026.
- How has The Travelers Companies's deferred policy acquisition costs, amortization expense changed year-over-year?
- The Travelers Companies's deferred policy acquisition costs, amortization expense decreased by 0.7% year-over-year, from $1.78B to $1.77B.
- What is the long-term trend for The Travelers Companies's deferred policy acquisition costs, amortization expense?
- Over 4 years (2021 to 2025), The Travelers Companies's deferred policy acquisition costs, amortization expense has grown at a 9.6% compound annual growth rate (CAGR), from $5.04B to $7.27B.
- What does deferred policy acquisition costs, amortization expense mean?
- The expense recognized for the costs of acquiring new insurance policies.