Latest news with #TRV
Business Wire
08-08-2025
- Business
- Business Wire
AM Best Affirms Credit Ratings of The Travelers Companies, Inc. and Main Subsidiaries
BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'aa+' (Superior) of the main subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) [NYSE: TRV], collectively known as Travelers Group (Travelers). In addition, AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of 'aa+' (Superior) of Travelers Casualty and Surety Company of America (TCSA) (Hartford, CT). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of 'a-' (Excellent) of First Floridian Auto and Home Insurance Company (First Floridian) (Tampa, FL). AM Best also has affirmed the Long-Term ICRs and existing Long-Term Issue Credit Ratings (Long-Term IR) of 'a+' (Excellent) of TRV and its two wholly owned downstream holding companies, Travelers Property Casualty Corp. and Travelers Insurance Group Holdings Inc. (both headquartered in Hartford, CT). All outstanding securities issued by the two downstream holding companies are guaranteed by TRV. At the same time, AM Best has affirmed all other Long-Term IRs and Short-Term Issue Credit Ratings (Short-Term IR) guaranteed by TRV, as well as TRV's indicative Long-Term IRs. The outlook of these Credit Ratings (ratings) is stable. The ratings of Travelers reflect the group's balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and appropriate enterprise risk management (ERM). Travelers' strongest balance sheet strength assessment is anchored by its strongest risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR). Additionally, the balance sheet strength reflects the group's historically strong loss reserve position, the benefits derived from its conservative and well-managed investment portfolio, the use of a comprehensive reinsurance program, utilizing high quality reinsurance partners, and the additional financial flexibility available through its ultimate parent, TRV. Travelers' very strong operating performance reflects consistently profitable results driven by strong underwriting and investment results. Travelers has reported positive underwriting income in each of the most recent 10 years. Travelers continues to maintain leading positions in its core markets and is the second-largest U.S. commercial lines insurer and one of the top 10 largest personal lines insurers. Overall, the group is the sixth-largest property/casualty (P/C) writer in the United States. Travelers maintains a broad spread of risk in that it offers a wide array of P/C coverages spread geographically in all 50 states, the District of Columbia, Canada, England, Ireland, Guam, Puerto Rico, the U.S. Virgin Islands and the Northern Mariana Islands. Additionally, Travelers' strong distribution and underwriting capabilities continue to be enhanced by a continued focus on innovation throughout the enterprise. The ratings of TCSA reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and appropriate ERM. The ratings of First Floridian reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate ERM. The ratings also reflect the implicit support it receives from its ultimate parent, TRV. A complete listing of The Travelers Companies, Inc.'s FSRs, Long-Term ICRs and Long- and Short-Term IRs is available. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
San Francisco Chronicle
17-07-2025
- Business
- San Francisco Chronicle
Travelers: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Thursday reported second-quarter net income of $1.51 billion. The New York-based company said it had net income of $6.53 per share. Earnings, adjusted for investment gains, came to $6.51 per share. The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share. The insurer posted revenue of $12.12 billion in the period. Its adjusted revenue was $12.11 billion, missing Street forecasts. Eleven analysts surveyed by Zacks expected $12.2 billion. _____
Reuters
17-07-2025
- Business
- Reuters
Insurance bellwether Travelers posts profit surge on stronger underwriting
July 17 (Reuters) - Travelers Companies' (TRV.N), opens new tab profit surged nearly three-fold in the second quarter, the insurance bellwether reported on Thursday, boosted by stronger underwriting and higher investment returns. Insurance demand has remained strong despite economic uncertainty, as businesses and individuals maintain or increase coverage to protect against financial risks, natural disasters and other potential losses. Net written premiums, the total value of policies sold after accounting for reinsurance, rose 4% in the second quarter to $11.5 billion. Catastrophe losses from hurricanes, wildfires and severe storms are a key swing factor for insurers, with the scale and timing of such events often sharply affecting quarterly earnings despite efforts to price in risks and share them through reinsurance. Travelers posted catastrophe losses of $927 million on a pre-tax basis in the reported quarter, compared with $1.51 billion a year earlier. Losses were moderate despite some hailstorms, making it one of the better quarters following a spell of elevated weather-related claims across the industry. The company's results often serve as a bellwether for the property and casualty insurance sector, reflecting broader industry trends in underwriting, pricing and catastrophe losses. The underlying combined ratio came in at 84.7% in the quarter. A ratio below 100 indicates that the insurer collected more in premiums than it paid out in claims and expenses. Travelers posted underlying underwriting income of $1.6 billion on a pre-tax basis, up 35% from a year earlier. Stronger underwriting reflects the insurer's ability to price risk accurately and limit losses, helping boost profits even when claims arise. Meanwhile, net investment income, which comes from investments in bonds, stocks and other low-risk financial assets, rose 6% to $942 million. These returns are a key source of profit for insurers and help cushion the impact from natural disasters and other large claims. Core income climbed to $1.5 billion, or $6.51 per share, in the three months ended June 30. That compares with $585 million, or $2.51 per share, a year earlier.
Yahoo
16-07-2025
- Business
- Yahoo
Travelers (TRV) Reports Q2: Everything You Need To Know Ahead Of Earnings
Property and casualty insurer Travelers (NYSE:TRV) will be reporting results this Thursday before the bell. Here's what to look for. Travelers missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $11.87 billion, up 6% year on year. It was a slower quarter for the company, with a significant miss of analysts' book value per share estimates and a miss of analysts' net premiums earned estimates. Is Travelers a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Travelers's revenue to grow 7.5% year on year to $12.13 billion, slowing from the 11.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.60 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Travelers has missed Wall Street's revenue estimates four times over the last two years. With Travelers being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for insurance stocks. However, the segment has faced declining investor sentiment as Travelers's peer group is down 4.1% on average over the last month. Travelers is down 5.9% during the same time and is heading into earnings with an average analyst price target of $281.27 (compared to the current share price of $249.50). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Is a Beat in the Cards for Travelers This Earnings Season?
The Travelers Companies, Inc. TRV is expected to register an improvement in its top and bottom lines when it reports second-quarter 2025 results on July 17, before the opening Zacks Consensus Estimate for TRV's second-quarter revenues is pegged at $12.20 billion, indicating 7.5% growth from the year-ago reported consensus estimate for earnings is pegged at $3.49 per share. The Zacks Consensus Estimate for TRV's second-quarter earnings has moved down 0.8% in the past 30 days. The estimate suggests a year-over-year increase of 39%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Our proven model predicts an earnings beat for Travelers this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) that increases the chances of an earnings ESP: Travelers has an Earnings ESP of +8.76%. This is because the Most Accurate Estimate of $3.80 is pegged higher than the Zacks Consensus Estimate of $3.49. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. The Travelers Companies, Inc. price-eps-surprise | The Travelers Companies, Inc. Quote Zacks Rank: TRV carries a Zacks Rank #3 at present. Better performances across all three segments are likely to aid Travelers' second-quarter results. Premiums are likely to have benefited from better pricing, solid renewal rate change, strong retention and exposure growth. The Zacks Consensus Estimate is currently pegged at $11 billion, indicating an increase of 7.8% from the year-ago reported number. We estimate premiums to increase 7.2% to $10.9 billion. Higher long-term average yields and a higher average level of fixed maturity investments are likely to aid investment results in the to-be-reported quarter. Management estimates fixed income NII, including earnings from short-term securities, to be approximately $725 million for the second quarter of 2025. The Zacks Consensus Estimate is currently pegged at $945 million, implying an increase of 6.8% from the year-ago reported number. We estimate net investment income to increase 12.2% to $992.8 million. The Personal Insurance segment is likely to have benefited from strong retention rates, increased new business premiums and positive renewal premium change, particularly in the Homeowners business. The Zacks Consensus Estimate is currently pegged at $4.4 billion, indicating an increase of 7.4% from the year-ago reported number. We estimate premiums at Personal Insurance to be $4.4 billion, suggesting an improvement of 8.3% from the year-ago reported figure. The Bond & Specialty Insurance segment is likely to have benefited from excellent retention in high-quality Management Liability business, increases in the United Kingdom and broader Europe. The Zacks Consensus Estimate is currently pegged at $1 billion, indicating an increase of 8.2% from the year-ago reported number. We estimate earned premiums at Bond & Specialty Insurance to be $1 billion, suggesting an improvement of 12.1% from the year-ago reported figure. Strong retention rates, positive renewal premium changes, and increased new business premiums are likely to have aided premiums at Business Insurance. The Zacks Consensus Estimate is currently pegged at $5.5 billion, indicating an increase of 7.8% from the year-ago reported number. We estimate earned premiums at Business Insurance to be $5.4 billion, suggesting an improvement of 5.4% from the year-ago reported figure. An increase in net written premiums, coupled with higher net investment income and other revenues, is likely to have aided the top line in the to-be-reported quarter. Better pricing and increased exposure, coupled with prudent underwriting, are expected to have aided underwriting profitability, which, in turn, is expected to have led to an improvement in the combined ratio. We estimate the combined ratio to be 105.5. The Zacks Consensus Estimate is currently pegged at 99. However, expenses are expected to have risen on higher claims and claim adjustment expenses, amortization of deferred acquisition costs, general and administrative expenses, as well as interest expenses. We estimate expenses to increase 6.4% in the to-be-reported quarter to $11.4 billion. Continued share buybacks are anticipated to have provided an additional boost to the bottom line. Here are three P&C insurance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat: Arch Capital Group Ltd. ACGL has an Earnings ESP of +7.92% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $2.34, indicating a year-over-year decrease of 8.9%. You can see the complete list of today's Zacks #1 Rank stocks earnings beat estimates in each of the last four reported quarters. Kinsale Capital Group, Inc. KNSL has an Earnings ESP of +2.33% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $4.39, indicating a year-over-year increase of 17%. KNSL's earnings beat estimates in each of the last four reported Holdings Ltd. RNR has an Earnings ESP of +2.16% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $10.19, indicating a year-over-year decrease of 17.8%. RNR's earnings beat estimates in three of the last four reported quarters and missed in one. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
