Latest revenue
$1.01B
as of 2026-03-31
Latest net income
$1.71B
as of 2026-03-31
Net margin
169.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $65.17B
- Enterprise value
- $-16.30B
- P/E (trailing)
- 10.4×
- Forward P/E
- —
- P/B
- 2.04×
- Dividend yield
- 1.4%
- 52-wk high
- $313.12
- 52-wk low
- $249.19
- Beta
- —
- Shares out
- 212.6M
5-year trend
What this company does
Travelers is a US property and casualty insurer selling commercial, bond and specialty, and personal auto and home policies through three segments. It earns money primarily from underwriting premiums (about $10.6 billion quarterly) supplemented by roughly $1 billion in investment income on its $103 billion portfolio. The company just closed the $2.4 billion sale of its Canadian personal and most commercial insurance operations to Definity in January 2026, sharpening its US focus while funding aggressive buybacks ($1.8 billion this quarter).
Generated from TRV's filing dated 2026-02-12
Key risks
- Large unrealized investment losses: fixed maturities carried at $90.7B vs. $93.7B amortized cost, a $3.0B underwater position pressuring book value.
- Reserve adequacy exposure: claims reserves of $66.9B dwarf $32.0B equity; Q1'26 benefited from unusually low $6.4B claims vs. $8.0B prior year.
- Aggressive capital return amid shrinking equity: $1.8B Q1 buybacks drove shareholders' equity down to $32.0B from $32.9B despite $1.7B net income.
Generated from TRV's filing dated 2026-02-12
Profitability
Net margin
12.9%
19.6%Return on equity
22.6%
12.5%Return on assets
4.4%
16.6%Leverage
Debt / equity
4.16×
4.3%Long-term debt / equity
0.33×
3.2%Debt / assets
80.6%
0.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.01B | +8.4% | $1.71B | +333.2% | 169.7% |
Q4 2025 2025-12-31 | $45.92B | +4.9% | $2.50B | +19.9% | 5.4% |
Q3 2025 2025-09-30 | $1.03B | +14.3% | $1.89B | +49.8% | 182.8% |
Q2 2025 2025-06-30 | $942.0M | +6.4% | $1.51B | +182.6% | 160.2% |
Q1 2025 2025-03-31 | $930.0M | +9.9% | $395.0M | -64.8% | 42.5% |
Q4 2024 2024-12-31 | $43.79B | — | $2.08B | — | 4.8% |
Q3 2024 2024-09-30 | $904.0M | +17.6% | $1.26B | +211.9% | 139.4% |
Q2 2024 2024-06-30 | $885.0M | +24.3% | $534.0M | +3914.3% | 60.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Fire, Marine & Casualty Insurance · SIC 6331
Your notes
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Insider activity
Insider buying
$0
Insider selling
$135.2M
Net activity
−$135.2M
Distinct insiders
13
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TRV
Institutional value
$10.80B
Total shares held
38.1M
Distinct holders
752
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 3.5M | $1.02B | — | New |
| 2 | UBS Group AG | 2.1M | $620.0M | — | New |
| 3 | Invesco Ltd. | 2.0M | $575.8M | — | New |
| 4 | Legal & General Group Plc | 1.8M | $513.6M | — | New |
| 5 | Bank of New York Mellon Corp | 1.5M | $434.6M | — | New |
| 6 | FEDERATED HERMES, INC. | 1.1M | $335.1M | — | New |
| 7 | Nuveen, LLC | 1.1M | $328.1M | — | New |
| 8 | Boston Partners | 993.0K | $289.6M | — | New |
| 9 | AustralianSuper Pty Ltd | 936.1K | $273.0M | — | New |
| 10 | DEUTSCHE BANK AG\ | 827.6K | $241.4M | — | New |
| 11 | Sumitomo Mitsui Trust Group, Inc. | 798.7K | $233.0M | — | New |
| 12 | National Pension Service | 796.6K | $232.4M | — | New |
| 13 | WELLS FARGO & COMPANY/MN | 778.0K | $226.9M | — | New |
| 14 | Allianz Asset Management GmbH | 774.2K | $225.8M | — | New |
| 15 | HSBC HOLDINGS PLC | 742.0K | $216.3M | — | New |
| 16 | Swiss National Bank | 654.7K | $191.0M | — | New |
| 17 | California Public Employees Retirement System | 637.6K | $186.0M | — | New |
| 18 | Mitsubishi UFJ Asset Management Co., Ltd. | 606.0K | $176.8M | — | New |
| 19 | ENVESTNET ASSET MANAGEMENT INC | 598.0K | $174.4M | — | New |
| 20 | BNP PARIBAS FINANCIAL MARKETS | 444.0K | $129.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Claims expense dropped from $8.0B to $6.4B YoY despite flat $10.6B premiums—how much was favorable prior-year reserve development versus lower cat losses, and is this loss ratio sustainable?
- 2
You repurchased $1.8B of stock this quarter versus $250M a year ago—is this a one-time deployment of Canadian sale proceeds or a sustained pace?
- 3
AOCI deteriorated $578M with $3.0B in unrealized fixed-income losses on $93.7B amortized cost—what's the duration gap and mark-to-market risk if rates rise further?
Refreshed when TRV files a new report · last from 2026-02-12