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Travelers Companies (TRV) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 17, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

5.27

Last Year’s EPS

6.51

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 19 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 16, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlighted multiple strong operational and financial outcomes: robust underwriting earnings (seven consecutive quarters >$1B underlying underwriting income), double-digit adjusted book value growth year-over-year, growing investment income (+9%), strong premium production (including record commercial new business) and meaningful capital returns (>$2.2B). The negative items (Q1 catastrophe losses, increased unrealized investment losses from rising rates, the year-over-year premium growth impact from the Canada sale, and ongoing long-tail casualty reserve uncertainty) are meaningful but appear manageable within the company’s strong capital and earnings position. Overall, positive momentum and durable advantages were emphasized across underwriting, investments, distribution, and technology, outweighing the quarter’s headwinds.

Company Guidance

Guidance highlights from the call: management reiterated full‑year expense‑ratio guidance of about 28.5% (Q1 came in at 29% as expected for timing), and provided a quarterly outlook for fixed‑income net investment income (after tax) of roughly $810M in Q2, ~$840M in Q3 and ~$870M in Q4 (Q1 NII was $833M, up 9% year‑over‑year; new‑money yields were ~70 bps above embedded portfolio yield). They signaled continued capital return (Q1 open‑market buybacks of $1.8B plus $185M for employee plans, >$2.2B total returned including ~ $2.0B repurchases) with ~ $5.2B remaining under authorization, approved a 14% dividend increase to $1.25/share (22nd consecutive annual increase, 8% CAGR), and reiterated confidence in earning durable core income ($1.7B in Q1, $7.71/diluted share; core ROE 19.7% for the quarter and 22.7% TTM) while targeting sustained underwriting profitability (all‑in combined ratio 88.6%, underlying 85.3%) and growing adjusted book value per share (adjusted BVPS $161.60, +16% YoY).

Strong Profitability and Returns

Core income of $1.7 billion ($7.71 per diluted share) in Q1; quarterly core return on equity of 19.7% and trailing twelve-month core ROE of 22.7%.

Consistent Underwriting Performance

Underlying underwriting income of ~$1.2 billion (marked seventh consecutive quarter >$1B underlying underwriting income); all-in combined ratio of 88.6% and underlying combined ratio of 85.3% on $10.6 billion of earned premium.

Investment Income Growth

After-tax net investment income increased 9% year-over-year to $833 million, driven by higher yields and a larger fixed income portfolio; new-money yields ~70 bps above embedded portfolio yield at quarter end.

Top-Line Production and Premium Growth

Net written premiums of $10.3 billion in the quarter. Business Insurance NWP $5.8 billion (domestic NWP ex‑property up ~6%), Bond & Specialty NWP $1.1 billion (up 7%), Personal Insurance NWP $3.5 billion.

Record Commercial New Business and Strong Renewals

Business Insurance new business of $775 million (record quarter); renewal premium change in BI 5.8% with retention up to 86% (middle market retention 89%). Select RPC near double digits; Select renewal premium change 8.8%.

Surety and Management Liability Growth

Surety net written premiums grew 14% year-over-year; management liability renewal premium change ticked up with strong retention of 87%.

Capital Returns and Strong Capital Metrics

Returned more than $2.2 billion of excess capital in the quarter including ~$2.0 billion of share repurchases (open-market repurchases $1.8 billion); operating cash flow of ~$2.2 billion; ~ $5.2 billion remaining under prior buyback authorizations.

Adjusted Book Value and Dividend Increase

Adjusted book value per share $161.60, up 16% year-over-year (and up 2% from year-end despite heavy buybacks). Board increased quarterly dividend 14% to $1.25 (22 consecutive years of increases; 8% CAGR over that period).

Segment-Level Profitability

Business Insurance segment income $839 million (first-quarter record) with underlying combined ratio below 90% for 14th consecutive quarter; Bond & Specialty segment income $254 million with combined ratio 83.3% (underlying 88.9%); Personal Insurance segment income $704 million with combined ratio 82.9% and underlying combined ratio 78.3%.

Travelers Companies (TRV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TRV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 17, 2026	2026 (Q2)	5.27 / -	6.51	―	―	―
Apr 16, 2026	2026 (Q1)	7.07 / 7.71	1.91	303.66% (+5.80)
Jan 21, 2026	2025 (Q4)	8.80 / 11.13	9.15	21.64% (+1.98)
Oct 16, 2025	2025 (Q3)	6.39 / 8.14	5.24	55.34% (+2.90)
Jul 17, 2025	2025 (Q2)	3.65 / 6.51	2.51	159.36% (+4.00)
Apr 16, 2025	2025 (Q1)	0.79 / 1.91	4.69	-59.28% (-2.78)
Jan 22, 2025	2024 (Q4)	6.70 / 9.15	7.01	30.53% (+2.14)
Oct 17, 2024	2024 (Q3)	3.66 / 5.24	1.95	168.72% (+3.29)
Jul 19, 2024	2024 (Q2)	2.01 / 2.51	0.06	4083.33% (+2.45)
Apr 17, 2024	2024 (Q1)	4.92 / 4.69	4.11	14.11% (+0.58)

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
Apr 16, 2026	$298.08	$297.60	-0.16%
Jan 21, 2026	$267.51	$270.53	+1.13%
Oct 16, 2025	$266.30	$258.51	-2.92%
Jul 17, 2025	$248.24	$257.71	+3.81%

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.