The Travelers Companies Deferred acquisition costs increased by 0.7% to $3.52B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.7%, from $3.49B to $3.52B. Over 5 years (FY 2020 to FY 2025), Deferred acquisition costs shows an upward trend with a 8.3% CAGR.
An increase suggests higher investment in new business acquisition, while a decrease may indicate reduced marketing spend or a shift in product mix.
Deferred acquisition costs represent the capitalized costs associated with acquiring new or renewed insurance contracts,...
Standard across property and casualty insurers; peers typically report this as a percentage of total premiums written.
other_supplementary_insurance_information_deferred_polic_d63766| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $2.54B | $2.84B | $3.31B | $3.49B | $3.52B |
| QoQ Change | — | +11.6% | +16.6% | +5.7% | +0.7% |
| YoY Change | — | +11.6% | +16.6% | +5.7% | +0.7% |
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Business And International Insurance | $1.21B | $1.32B | $1.58B | $1.70B | $1.75B |
| Personal Insurance | $961.00M | $1.09B | $1.25B | $1.29B | $1.23B |
| Bond And Specialty Insurance | $375.00M | $430.00M | $477.00M | $502.00M | $542.00M |
| Total | $2.54B | $2.84B | $3.31B | $3.49B | $3.52B |