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The Travelers Companies Inc (TRV)
NYSE:TRV
Earnings Data
Report Date
Apr 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
6.94Last Year’s EPS
1.91Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a very strong quarter and year driven by robust underwriting income, improving combined ratios, rising investment income, substantial capital returns, record premium volumes in several lines, and significant progress deploying AI and technology that is already producing efficiency gains. Challenges include continued pressure and rebalancing in large-account property, a higher planned catastrophe load for 2026, ongoing casualty/tort reserve uncertainty, a flat near-term expense ratio despite tech investments, and some moderation in pricing momentum. On balance the positive operational and financial results, scale, strong capital returns, and measurable benefits from AI materially outweigh the noted headwinds.Company Guidance
Strong quarterly and full-year profitability
Q4 core income of $2.5B ($11.13 per diluted share) producing a core ROE of 29.6%; full-year core income of $6.3B and full-year core ROE of 19.4%.
Underwriting income and improved margins
Underwriting income (pretax) of $2.2B in Q4, up 21% year-over-year; underlying combined ratio improved nearly 2 points to 82.2% (fifth consecutive quarter below 85%).
Investment income growth and larger portfolio
After-tax net investment income of $867M in Q4, up 10% YoY; investment portfolio grew by about $7.5B in 2025 to $106B; management outlook for fixed income NII of approximately $3.3B after tax in 2026.
Strong capital returns to shareholders
Returned $1.9B of capital to shareholders in Q4, including $1.65B of share repurchases and $244M dividends; indicated continued buyback activity with ~$1.8B expected in Q1 2026.
Top-line premium growth and segment scale
Consolidated Q4 net written premiums of $10.9B (Business Insurance $5.5B, Bond & Specialty $1.1B, Personal Insurance $4.2B); full-year Personal Insurance NWP reached a record $17.4B (up 2% YoY).
Business Insurance execution
Business Insurance Q4 net written premiums reached >$5.5B; renewal premium change (RPC) 6.1% in the segment and ~8% excluding property; retention 85%; new business $675M (up 6% YoY) with middle market new business up 11% to $395M.
Bond & Specialty profitable growth
Bond & Specialty Q4 net written premiums grew 4% to $1.1B with segment combined ratio ~83% and retention of 87%; surety growth noted and successful integration/use of Corvus capabilities for cyber services.
Personal Insurance strong underlying performance
Personal Insurance Q4 segment income >$1B and combined ratio of 74%; Q4 homeowners combined ratio 60.3% (improved 7.5 points YoY); full-year Personal Insurance combined ratio improved to 89.5%.
Operational scale and catastrophe response
Handled ~1.5M claims in 2025 and paid >$23B in claim payments; met objective of closing 90% of catastrophe claims within 30 days.
Technology and AI adoption delivering tangible gains
Large-scale AI deployment: ~20,000 employees regularly using AI tools; dozens of generative AI tools in production; >50% of claims are eligible for straight-through processing with ~66% customer adoption; claims call-center population down ~33%; partnership with Anthropic to empower 10,000 engineers/data scientists; AI-driven initiatives reduced submission intake from hours to minutes and cut renewal handle time >30% in trial deployments.
TRV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 21, 2026 | $269.61 | $272.65 | +1.13% |
Oct 16, 2025 | $268.39 | $260.54 | -2.92% |
Jul 17, 2025 | $250.19 | $259.73 | +3.81% |
Apr 16, 2025 | $246.66 | $249.44 | +1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does The Travelers Companies Inc (TRV) report earnings?
The Travelers Companies Inc (TRV) is schdueled to report earning on Apr 22, 2026, Before Open (Confirmed).
What is The Travelers Companies Inc (TRV) earnings time?
The Travelers Companies Inc (TRV) earnings time is at Apr 22, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRV EPS forecast?
TRV EPS forecast for the fiscal quarter 2026 (Q1) is 6.94.
