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The Travelers Companies TRV Business And International Insurance — Claims and claim adjustment expense reserves

Other segment segments

Personal Insurance
$8.41B-6.5%
Bond And Specialty Insurance
$5.67B+5.7%

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SPNTReinsurance — Loss and loss adjustment expense reserves
$2.31B+5.9%

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 us-gaap:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

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
SegmentDeferred Acquisition CostsClaims and Claim Adjustment Expense ReservesUnearned PremiumsEarned PremiumsNet Investment Income (1)Claims and Claim Adjustment ExpensesAmortizationof Deferred Acquisition CostsOther Operating Expenses (2)Net Written Premiums
2025
Business Insurance$1,750$51,655$11,088$22,412$2,782$14,154$3,796$3,482$22,679
Bond & Specialty Insurance5425,6723,1454,1074451,7647788434,262
Personal Insurance1,2268,4078,19817,39573211,3032,6921,74617,446
Total—Reportable Segments3,51865,73422,43143,9143,95927,2217,2666,07144,387
Other3474
Consolidated$3,518$65,737$22,431$43,914$3,959$27,221$7,266$6,545$44,387
2024

Item 16. FORM 10-K SUMMARY

FAQ

What is The Travelers Companies's business and international insurance — claims and claim adjustment expense reserves?
The Travelers Companies (TRV) reported business and international insurance — claims and claim adjustment expense reserves of $51.66B in Q4 2025.
How has The Travelers Companies's business and international insurance — claims and claim adjustment expense reserves changed year-over-year?
The Travelers Companies's business and international insurance — claims and claim adjustment expense reserves increased by 3.9% year-over-year, from $49.73B to $51.66B.
What does business and international insurance — claims and claim adjustment expense reserves mean?
This represents the estimated liability for claims that have been reported but not yet settled, as well as claims that have been incurred but not yet reported (IBNR). It is a critical measure of the company's long-term financial stability and the adequacy of its underwriting assumptions.

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