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The Travelers Companies TRV Structured Settlement Annuity — Reinsurance Recoverables on Unpaid Losses

Other product segments

General Liability
$1.86B+25.8%
Other Insurance Contracts
$1.76B+1.6%
Automobile
$630M+1.9%
Other Including Impacts Of Retroactive Reinsurance
-$84M-61.5%
Unallocated Loss Adjustment Expense Reserve
$18M+5.9%
Accident And Health Insurance Excluding Workers Compensation
$3M-40.0%

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$21M0.0%
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MKLFinancial — Reinsurance recoverable on unpaid losses
$8.33B
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EGCasualty Insurance — Total reinsurance recoverable on unpaid claims
$2.25B
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$1.22B+41.1%
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MKLGlobal Reinsurance Division — Reinsurance recoverable on unpaid losses
$267.63M

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:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

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 ReservesDiscount(Net of Reinsurance)Subtotal:Net Claims and Claim Adjustment Expense ReservesReinsurance Recoverables on Unpaid Losses (4)Claims and Claim Adjustment Expense Reserves
Subtotal — claims and allocated claim adjustment expenses for the products presented in the development tables below52,121(991)51,1303,67254,802
Other insurance contracts (2)5,561(5)5,5561,7637,319
Unallocated loss adjustment expense reserves3,0613,061183,079
Structured settlements (3)2,4282,428
Other9999(84)15
Total property-casualty60,842(996)59,8467,79767,643
Accident and health33
Less amounts classified as held for sale1,6271,6272821,909

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is The Travelers Companies's structured settlement annuity — reinsurance recoverables on unpaid losses?
The Travelers Companies (TRV) reported structured settlement annuity — reinsurance recoverables on unpaid losses of $2.43B in Q4 2025.
How has The Travelers Companies's structured settlement annuity — reinsurance recoverables on unpaid losses changed year-over-year?
The Travelers Companies's structured settlement annuity — reinsurance recoverables on unpaid losses decreased by 6.0% year-over-year, from $2.58B to $2.43B.
What does structured settlement annuity — reinsurance recoverables on unpaid losses mean?
This represents the portion of the structured settlement claims liability that is expected to be reimbursed by third-party reinsurers. It reflects the company's risk transfer strategy and the creditworthiness of its reinsurance partners regarding long-term obligations. This metric is a key indicator of the company's reliance on reinsurance to mitigate exposure to structured settlement volatility.

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