Business Segments · Deferred acquisition costs
Business And International Insurance — Deferred acquisition costs
The Travelers Companies Business And International Insurance — Deferred acquisition costs increased by 3.1% to $1.75B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $1.70B to $1.75B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2016
Last reportedQ4 2025
Rolls up toDeferred acquisition costs
How to read this metric
Rising costs relative to premiums may indicate higher customer acquisition costs or changes in commission structures, while stable levels suggest efficient sales operations.
Detailed definition
These are the incremental costs directly related to the successful acquisition of new or renewal insurance contracts, su...
Peer comparison
Commonly reported as 'DAC' in insurance financial statements; consistent with GAAP accounting standards for insurance entities.
Metric ID:
trv_segment_business_insurance_deferred_acquisition_costsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $1.21B | $1.32B | $1.58B | $1.70B | $1.75B |
| QoQ Change | — | +9.0% | +20.2% | +7.5% | +3.1% |
| YoY Change | — | +9.0% | +20.2% | +7.5% | +3.1% |
Range$1.21B – $1.75B
CAGR+45.1%
Avg YoY Growth+9.9%
Median YoY Growth+8.3%
Current Streak4+ quarters growth
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Frequently Asked Questions
- 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 $1.70B to $1.75B.
- What does business and international insurance — deferred acquisition costs mean?
- Costs incurred to acquire insurance policies that are spread out over the duration of the policy term.