TRV Financial Services

The Travelers Companies, Inc.

$395.41-0.85%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Insurance - Property & Casualty
Country: United States
Market cap: 82.5B USD
Full-time employees: 34,000

Overall health

Strength: more profitable than most peersmore profitable than peers
About average: valuation

Ranks #60 of 791 banks & insurance companies (top 8%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 73% of peers on earnings, but only 12% on book value.
Relative to its earnings, Travelers Companies looks cheaper than 73% of peers; relative to its book value, cheaper than only 12%. The valuation score blends the two, so look at which measure fits this business best.
Share count shrinking. Shares outstanding down 12% from December 2022 to October 2026.
Travelers Companies had 12% fewer shares at October 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $32.0B in 2020 to $48.8B in 2025.
Travelers Companies's fiscal-year revenue rose in each of the five years to 2025, from $32.0B to $48.8B.

StockQuotient Score

76/ 100

Oct 5 80 → Nov 4 76 (-4)

Valuation

Is the price right?

47/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ Earnings yield
▼ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield35.8%

SEC filings · latest balance sheetReported value40% base weight · Z-score -1.54Sector median: 0.7950 · MAD: 0.2843

Earnings yield10.3%

SEC filings · 12 months to Sep 2026Reported value60% base weight · Z-score 0.94Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield13.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield13.4%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

84/100

Strong

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth54.4%

SEC filings · 12 months to Sep 2026Reported value100% base weight · Z-score 2.16Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth6.9%

SEC filings · 3 years to Sep 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth1.1%

SEC filings · 12 months to Sep 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

96/100

Strong▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 97 → 96

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ ROE
▲ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets5.9%

SEC filings · 12 months to Sep 2026Reported value50% base weight · Z-score 7.50Sector median: 0.0117 · MAD: 0.0062

Return on equity28.7%

SEC filings · 12 months to Sep 2026Outlier capped at sector 5th/95th percentile50% base weight · Z-score 4.29Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Travelers Companies

Is Travelers Companies getting weaker?: Its latest SEC filing (Oct 16, 2026) showed no major changes. Its overall score is unchanged at 76/100 since Oct 28, 2026.
How is Travelers Companies valued vs its peers?: Priced about in line with its peers. Valuation scores 47/100 against 950 banks & insurance peers. Earnings yield 10.3% vs a peer median of 7.9% (stronger than 73% of peers).Earnings yield 10.3% vs peers 7.9% (stronger than 73% of peers). Book yield 35.8% vs a peer median of 79.5% (weaker than 88% of peers).Book yield 35.8% vs peers 79.5% (weaker than 88% of peers).
Is Travelers Companies growing?: Yes, faster than most of its peers. Growth scores 84/100 against 950 banks & insurance peers. Earnings per share growth 54.4% vs a peer median of 16.0% (stronger than 84% of peers).Earnings per share growth 54.4% vs peers 16.0% (stronger than 84% of peers).
How profitable is Travelers Companies?: More profitable than most of its peers. Profitability scores 96/100 against 950 banks & insurance peers. Return on equity 28.7% vs a peer median of 10.7% (stronger than 95% of peers).Return on equity 28.7% vs peers 10.7% (stronger than 95% of peers).
How risky is Travelers Companies?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Sep 30, 2026 · filed Oct 16, 2026 · compared with the quarter ended Jun 30, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	49.0B USD	48.9B USD	−0.1%
Net income (12 months)	8.3B USD	8.3B USD	+0.3%
Debt	9.1B USD	9.8B USD	+8.2%
Cash	621.0M USD	766.0M USD	+23.3%
Shares outstanding	208.6M	204.9M	−1.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Insurance - Property & Casualty · 31 companies

Valuations in Insurance - Property & Casualty are within their usual range since 2016.

48% of months since 2016 were valued lower than now.
32% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +14% and earnings +58% (medians): earnings grew faster than prices.
Median price-to-book is −38% vs the whole market, against a usual −47%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	10.5%	7.7%	7.2%	10.8%	12.9%	▲ 2.1 pts
Return on assets (ROA)	3.0%	2.5%	2.4%	3.8%	4.4%	▲ 0.6 pts
Return on equity (ROE)	12.7%	13.2%	12.0%	17.9%	19.1%	▲ 1.2 pts
Debt to equity	0.25×	0.34×	0.32×	0.29×	0.28×	▼ 2.3%

TRV price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

About average: valuation

Ranks #60 of 791 banks & insurance companies (top 8%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 73% of peers on earnings, but only 12% on book value.

Relative to its earnings, Travelers Companies looks cheaper than 73% of peers; relative to its book value, cheaper than only 12%. The valuation score blends the two, so look at which measure fits this business best.

Share count shrinking. Shares outstanding down 12% from December 2022 to October 2026.

Travelers Companies had 12% fewer shares at October 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $32.0B in 2020 to $48.8B in 2025.

Travelers Companies's fiscal-year revenue rose in each of the five years to 2025, from $32.0B to $48.8B.

Questions investors ask about Travelers Companies

Is Travelers Companies getting weaker?

Its latest SEC filing (Oct 16, 2026) showed no major changes. Its overall score is unchanged at 76/100 since Oct 28, 2026.

How is Travelers Companies valued vs its peers?

Priced about in line with its peers. Valuation scores 47/100 against 950 banks & insurance peers. Earnings yield 10.3% vs a peer median of 7.9% (stronger than 73% of peers).Earnings yield 10.3% vs peers 7.9% (stronger than 73% of peers). Book yield 35.8% vs a peer median of 79.5% (weaker than 88% of peers).Book yield 35.8% vs peers 79.5% (weaker than 88% of peers).

Is Travelers Companies growing?

Yes, faster than most of its peers. Growth scores 84/100 against 950 banks & insurance peers. Earnings per share growth 54.4% vs a peer median of 16.0% (stronger than 84% of peers).Earnings per share growth 54.4% vs peers 16.0% (stronger than 84% of peers).

How profitable is Travelers Companies?

More profitable than most of its peers. Profitability scores 96/100 against 950 banks & insurance peers. Return on equity 28.7% vs a peer median of 10.7% (stronger than 95% of peers).Return on equity 28.7% vs peers 10.7% (stronger than 95% of peers).

How risky is Travelers Companies?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

49.0B USD

48.9B USD

−0.1%

Net income (12 months)

8.3B USD

8.3B USD

+0.3%

Debt

9.1B USD

9.8B USD

+8.2%

Cash

621.0M USD

766.0M USD

+23.3%

Shares outstanding

208.6M

204.9M

−1.7%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

10.5%

7.7%

7.2%

10.8%

12.9%

▲ 2.1 pts

Return on assets (ROA)

3.0%

2.5%

2.4%

3.8%

4.4%

▲ 0.6 pts

Return on equity (ROE)

12.7%

13.2%

12.0%

17.9%

19.1%

▲ 1.2 pts

Debt to equity

0.25×

0.34×

0.32×

0.29×

0.28×

▼ 2.3%