What does general liability — discount (net of reinsurance) mean?

This reflects the adjustment applied to the undiscounted claim reserves to account for the time value of money, net of any reinsurance recoveries. It represents the difference between the nominal value of future claim payments and their present value, providing insight into the company's interest rate sensitivity and reserve discounting policy.

The Travelers Companies TRV General Liability — Discount (Net of Reinsurance)

Other product segments

Other Insurance Contracts

$5M+25.0%

Accident And Health Insurance Excluding Workers Compensation

$0—

Automobile

$0—

Other Including Impacts Of Retroactive Reinsurance

$0—

Structured Settlement Annuity

$0—

Unallocated Loss Adjustment Expense Reserve

$0—

Similar metrics at other companies

HIGGeneral Liability — Amount of discount

$0—

AIGNet loss reserve discount

$1.27B+9.8%

AIGLiability For Unpaid Claims And Claims Adjustment Expense, Retroactive Reinsurance Discount

-$53M-5,200%

ORIGeneral Liability — Net claim and allocated loss adjustment expense reserves

$915.8M+12.1%

AIGIncrease (Decrease) In Loss Reserve Discount, Including Reinsurance

-$101M-731%

ORIGeneral Liability — Incurred Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance (Undiscounted)

$1.48B+633%

Other financials

Income statement

See full

Revenue$11.9B+1.0%

Net income$1.7B+333%

EPS (diluted)$7.78+358%

Balance sheet

See full

Cash & equivalents$615.0M-15.1%

Total debt$9.3B+15.4%

Total equity$32.0B+13.5%

Total assets$142.31B+4.7%

Cash flow

See full

Operating cash flow$2.2B+61.6%

Valuation

See full

Market cap$67.68B+12.7%

Enterprise value$76.34B+13.3%

P/E8.9×-5.2×

P/S1.4×+0.1×

Profitability

See full

Net margin15.5%+6.5pp

Returns & leverage

See full

Return on equity25.3%+9.2pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by The Travelers Companies in its filing.

Tagged under the XBRL concept trv:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersDiscountDeductedFromReservesNetOfReinsurance.

The official record: The Travelers Companies’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Travelers Companies's general liability — discount (net of reinsurance)?: The Travelers Companies (TRV) reported general liability — discount (net of reinsurance) of $121M in Q4 2025.
How has The Travelers Companies's general liability — discount (net of reinsurance) changed year-over-year?: The Travelers Companies's general liability — discount (net of reinsurance) decreased by 2.4% year-over-year, from $124M to $121M.
What does general liability — discount (net of reinsurance) mean?: This reflects the adjustment applied to the undiscounted claim reserves to account for the time value of money, net of any reinsurance recoveries. It represents the difference between the nominal value of future claim payments and their present value, providing insight into the company's interest rate sensitivity and reserve discounting policy.