The Travelers Companies, Inc. earnings overview

TRV FY2026 Q2 · Calendar Q3 2026

The Travelers Companies, Inc.

Travelers delivered a standout second quarter, with core income of $2.2 billion, a core ROE of 24.9% (well above the company's mid-teens target), and an all-in combined ratio of 83.6%. EPS of $10.04 crushed the $5.41 consensus by 85.6%, while revenue of $11.53 billion edged past the $11.26 billion estimate. The stock surged 9.2% on the report and has continued to drift higher, adding another 7.7% in subsequent sessions. Underwriting strength was broad-based across Business Insurance, Bond & Specialty, and Personal lines, supported by favorable prior-year reserve development and a 14% rise in net investment income. The company returned over $1.5 billion to shareholders through buybacks and dividends, and a $100 billion-plus fixed-income portfolio continues to generate favorable yields. Management struck a confident tone, highlighting record new business of $805 million in Business…