The Travelers Companies TRV Business And International Insurance — Deferred acquisition costs

Other segment segments

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Questions, answered.

What is The Travelers Companies's business and international insurance — deferred acquisition costs?

The Travelers Companies (TRV) reported business and international insurance — deferred acquisition costs of $1.75B in Q4 2025.

How has The Travelers Companies's business and international insurance — deferred acquisition costs changed year-over-year?

The Travelers Companies's business and international insurance — deferred acquisition costs increased by 3.1% year-over-year, from $1.7B to $1.75B.

What does business and international insurance — deferred acquisition costs mean?

These are the incremental costs directly related to the successful acquisition of new or renewal insurance contracts, such as commissions and premium taxes, which are capitalized and amortized over the life of the policy. This metric reflects the efficiency of the company's distribution and sales efforts.