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)

Screener

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—

HMNGroup Disability — Short-Duration Insurance Contract, Discounted Liability, Discount for Reinsurance

$17.9M+22.6%

DYAutomobile Liability And General Liabillity — Insurance liability

$10M0.0%

RGALife Insurance Product Line — Short-Duration Insurance Contract, Discounted Liability, Discount for Reinsurance

$106M+3.9%

WRBProfessional liability — Short-Duration Insurance Contract, Discounted Liability, Discount

0%—

WRBOther liability — Short-Duration Insurance Contract, Discounted Liability, Discount

0%—

Other financials

Income statement

See full

Revenue$12.2B+0.3%

Net income$2.2B+46.3%

EPS (diluted)$10.26+57.1%

Balance sheet

See full

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

See full

Operating cash flow$1.9B-17.9%

Valuation

See full

Market cap$80.16B+34.7%

Enterprise value$88.6B+32.5%

P/E9.7×-1.7×

P/S1.6×+0.4×

Profitability

See full

Net margin17%+6.0pp

Returns & leverage

See full

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 trv:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersDiscountDeductedFromReservesNetOfReinsurance.

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

(as of December 31, 2025, in millions)	Net Undiscounted Claims and Claim Adjustment Expense Reserves	Discount(Net of Reinsurance)	Subtotal:Net Claims and Claim Adjustment Expense Reserves	Reinsurance Recoverables on Unpaid Losses (4)	Claims and Claim Adjustment Expense Reserves
Business Insurance
General liability	$12,063	$(121)	$11,942	$1,496	$13,438
Commercial property	1,299	—	1,299	296	1,595
Commercial multi-peril	6,275	—	6,275	317	6,592
Commercial automobile	5,474	—	5,474	324	5,798
Workers’ compensation (1)	15,560	(870)	14,690	531	15,221
Bond & Specialty Insurance
General liability	2,967	—	2,967	364	3,331

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

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.