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The Travelers Companies TRV Business And International Insurance — Other operating expenses

Other segment segments

Personal Insurance
$1.75B+6.5%
Bond And Specialty Insurance
$843M+1.3%

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$151.25M-12.9%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

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 — other operating expenses?
The Travelers Companies (TRV) reported business and international insurance — other operating expenses of $870.5M in Q4 2025.
How has The Travelers Companies's business and international insurance — other operating expenses changed year-over-year?
The Travelers Companies's business and international insurance — other operating expenses increased by 5.4% year-over-year, from $825.75M to $870.5M.
What is the long-term trend for The Travelers Companies's business and international insurance — other operating expenses?
Over 4 years (2021 to 2025), The Travelers Companies's business and international insurance — other operating expenses has grown at a 6.1% compound annual growth rate (CAGR), from $2.75B to $3.48B.
What does business and international insurance — other operating expenses mean?
These are the general and administrative costs incurred to support the business insurance segment, excluding direct acquisition costs and claims-related expenses. This metric highlights the operational efficiency and overhead management of the segment.

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