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The Travelers Companies TRV Discount (Net of Reinsurance)

Discount (Net of Reinsurance) at other companies

American International Group logo
American International GroupAIG
$98M+590%
American International Group logo
American International GroupAIG
$98M+590%
W.R. Berkley logo
W.R. BerkleyWRB
$411.14M+4.6%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$0
Reinsurance Group of America logo
Reinsurance Group of AmericaRGA
$106M+3.9%
Horace Mann Educators logo
Horace Mann EducatorsHMN
$17.9M+22.6%

Segments

By product

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General Liability$121M-2.4%
Other Insurance Contracts$5M+25.0%
Accident And Health Insurance Excluding Workers Compensation$0
Automobile$0
Other Including Impacts Of Retroactive Reinsurance$0
Structured Settlement Annuity$0

Other financials

Income statement

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Revenue$12.2B+0.3%
Net income$2.2B+46.3%
EPS (diluted)$10.26+57.1%

Balance sheet

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Cash & equivalents$621.0M-5.8%
Total debt$9.1B+12.9%
Total equity$33.1B+12.2%
Total assets$143.58B+3.4%

Cash flow

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Operating cash flow$1.9B-17.9%

Valuation

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Market cap$80.16B+34.7%
Enterprise value$88.6B+32.5%
P/E9.7×-1.7×
P/S1.6×+0.4×

Profitability

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Net margin17%+6.0pp

Returns & leverage

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Return on equity26.5%+7.2pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by The Travelers Companies in its filing.

Tagged under the XBRL concept trv:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersDiscountDeductedFromReservesNetOfReinsurance.

The source filing: The Travelers Companies’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 6:51 AM EST
Fiscal year
FY2025
Accession
0000086312-26-000065
(as of December 31, 2025, in millions)Net Undiscounted Claims and Claim Adjustment Expense ReservesDiscount(Net of Reinsurance)Subtotal:Net Claims and Claim Adjustment Expense ReservesReinsurance Recoverables on Unpaid Losses (4)Claims and Claim Adjustment Expense Reserves
Other insurance contracts (2)5,561(5)5,5561,7637,319
Unallocated loss adjustment expense reserves3,0613,061183,079
Structured settlements (3)2,4282,428
Other9999(84)15
Total property-casualty60,842(996)59,8467,79767,643
Accident and health33
Less amounts classified as held for sale1,6271,6272821,909
Total$59,215$(996)$58,219$7,518$65,737

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is The Travelers Companies's discount (net of reinsurance)?
The Travelers Companies (TRV) reported discount (net of reinsurance) of $996M in Q4 2025.
How has The Travelers Companies's discount (net of reinsurance) changed year-over-year?
The Travelers Companies's discount (net of reinsurance) decreased by 3.1% year-over-year, from $1.03B to $996M.
What is the long-term trend for The Travelers Companies's discount (net of reinsurance)?
Over 5 years (2020 to 2025), The Travelers Companies's discount (net of reinsurance) has grown at a -1.6% compound annual growth rate (CAGR), from $1.08B to $996M.
What does discount (net of reinsurance) mean?
This represents the present value adjustment applied to future claim liabilities to account for the time value of money. It reflects the reduction in the nominal value of expected future payouts based on an assumed discount rate. This is a critical component in assessing the true economic burden of long-tail insurance liabilities.

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