The Travelers Companies, Inc.TRV
NYSE•Financial Services•Insurance - Property & Casualty
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, commercial property and automobile, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; middle accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and others that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, and program managers. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty coverages and related risk management services through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners' insurance to individuals. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.
The Travelers Companies, Inc. (TRV) reported trailing twelve months revenue of $48.94B as of March 2026, a 4.1% increase year-over-year. Quarterly revenue reached $11.92B, reflecting continued top-line momentum.
The Travelers Companies, Inc. generated $7.60B in TTM net income, with quarterly EBITDA of $1.89B. The operating margin expanded from 3.8% to 14.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (14.2%) and net margin (14.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 3.3% a year ago, signaling stronger bottom-line efficiency.
TRV trades at a P/E of 8.3x (below the broader market average) and a P/S of 1.3x. The price-to-book ratio of 2.0x reflects a moderate premium to book value.
The company generated $2.20B in free cash flow over the trailing twelve months, a 61.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $142.31B in total assets with no in long-term debt against $31.99B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~12.3%, suggesting durable pricing power and cost discipline.
ROE averages 17.9% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~11.0% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~15.5% — no sign of cost or pricing stress.
FCF covers net income by 2.1x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 5.9% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation