The Travelers Companies, Inc.’s (TRV) compelling portfolio, strong retention rates, positive renewal premium changes, solid returns from the non-fixed income portfolio and sufficient liquidity make the stock worth retaining in one’s portfolio.Optimistic Growth ProjectionsThe Zacks Consensus Estimate for Travelers’ 2024 earnings per share indicates a year-over-year increase of 35.6% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $46.33 billion, implying a year-over-year ...

Travelers (TRV) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this insurer have returned -3.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The Zacks Insurance - Property and Casualty industry, to which Travelers belongs, has lost 2.6% over this period. Now the key question is: Where could the stock be headed in the near term?A ...

The Travelers Companies (TRV) reported first-quarter 2024 core income of $4.69 per share, which missed the Zacks Consensus Estimate of $4.75 on higher-than-expected catastrophe loss.  Shares lost 2.9% in the pre-market trading session to reflect the underperformance.The bottom line increased 14.1% year over year, driven by higher underlying underwriting gain and higher net investment income, partially offset by higher catastrophe losses.Behind Q1 HeadlinesTravelers’ total revenues increased 15.3% from the y ...

Financial Data and Key Metrics Changes - Core income for Q1 2024 was $1.1 billion or $4.69 per diluted share, with a core return on equity of 15.4%, reflecting a 13% increase year-over-year [19] - Net earned premiums reached a record $10.1 billion, up 14% compared to the prior year, with a combined ratio of 93.9%, improving by 1.5 points [6][19] - Adjusted book value per share increased by 2% from year-end to $125.53, and up 8% from a year ago [24] Business Line Data and Key Metrics Changes - Business Insurance segment income was $764 million, with net written premiums increasing by 9% to $5.6 billion, and a combined ratio of 89.2% [26] - Bond & Specialty Insurance segment income was $195 million, with net written premiums growing by 6% and a combined ratio of 84.5% [30] - Personal Insurance generated segment income of $220 million, with net written premiums growing by 9% and a combined ratio of 96.9% [33] Market Data and Key Metrics Changes - Renewal premium change in Business Insurance was historically high at 10.6%, with retention remaining strong at 86% [26] - In Bond & Specialty Insurance, retention was 90%, with new business growing by 34% [30] - Personal Insurance saw renewal premium change of 16.6% in auto and 13.4% in home, reflecting strong pricing [10][36] Company Strategy and Development Direction - The company continues to invest in strategic initiatives, focusing on innovation and enhancing relationships with distribution partners [12][17] - The emphasis is on digitizing the value chain to improve efficiency and customer experience [14][15] - The company aims to maintain its competitive advantage by offering a wide range of tailored products and services [13][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business outlook, citing strong profitability and production across all segments [18] - The competitive environment remains disciplined, with management noting external factors such as inflation and geopolitical risks impacting the market [47] - The company is well-positioned for continued success, supported by strong relationships with distribution partners [11][17] Other Important Information - The board declared a 5% increase in the quarterly cash dividend to $1.05 per share, marking 20 consecutive years of dividend increases [8] - The company returned $620 million of excess capital to shareholders through dividends and share repurchases [7][24] Q&A Session Summary Question: Details on recent accident year reserve increases in Business Insurance - Management clarified that the adjustments were small and related to recent accident years, reflecting ongoing trends rather than significant new developments [42][43] Question: Impact of mild winter on auto business sustainability - Management indicated that the mild winter contributed less than a point to the underlying combined ratio improvement [45] Question: Competitive environment in Business Insurance segment - Management noted that the competitive landscape remains stable, with pricing reflecting the overall risk and uncertainty in the market [47][60] Question: ROE targets for 2024 - Management did not disclose specific targets but emphasized considerations around interest rates and overall business outlook [48][49] Question: Trends in homeowners' insurance regarding higher loss costs - Management discussed various non-rate actions being implemented to manage exposure and improve profitability [81] Question: Florida homeowners market and recent reforms - Management acknowledged improvements in Florida but maintained concerns over the high catastrophe exposure in the region [85]

FIRST QUARTER 2 0 24 RESULTS April 17, 2024 LONG -TERM FINANCIAL STRATEGY Generation of Balanced Meaningful top–tier earnings approach to and sustainable and capital rightsizing capital competitive substantially and growing book advantages in excess of value per share ...

Travelers (TRV) reported $11.19 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 15.4%. EPS of $4.69 for the same period compares to $4.11 a year ago.The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $11.19 billion. With the consensus EPS estimate being $4.75, the EPS surprise was -1.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Travelers (TRV) came out with quarterly earnings of $4.69 per share, missing the Zacks Consensus Estimate of $4.75 per share. This compares to earnings of $4.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.26%. A quarter ago, it was expected that this insurer would post earnings of $5.04 per share when it actually produced earnings of $7.01, delivering a surprise of 39.09%.Over the last four quarters, the company has sur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q _________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ ___________________________________ ...

The Travelers Companies, Inc. Financial Supplement - First Quarter 2024 Exhibit 99.2 Page Number Consolidated Results Financial Highlights 1 Reconciliation to Net Income (Loss) and Earnings Per Share 2 Statement of Income (Loss) 3 Net Income (Loss) by Major Component and Combined Ratio 4 Core Income 5 Selected Statistics - Property and Casualty Operations 6 Written and Earned Premiums - Property and Casualty Operations 7 Business Insurance Segment Income 8 Segment Income by Major Component and Combined Rati ...

The Travelers Companies, Inc. (TRV) is set to report first-quarter 2024 earnings on Apr 17. The company delivered an earnings surprise in two of the last reported quarters while missing in the other two.Factors to ConsiderBetter performances across all three segments are likely to aid Travelers’ first-quarter results.Premiums are likely to have benefited from better pricing, solid renewal rate change, strong retention and exposure growth. We estimate premiums to increase 11.9% to $9.9 billion.A favorable in ...