Travelers Reports Excellent Third Quarter and Year-to-Date Results
Travelers reported Q3 2026 core income of $1.947 billion, or $9.18 per diluted share, up 13% from $8.14 a year earlier, with net income of $9.04 per share. Underwriting was strong across all three segments: the combined ratio improved to 86.8%, underlying combined ratio was 84.1%, and net written premiums of $11.48 billion rose 2% excluding the divested Canadian business. Record net investment income of $1.098 billion pre-tax grew 6%. Results benefited from $234 million of net favorable prior year reserve development, partly offset by higher catastrophe losses of $538 million and a $295 million asbestos reserve addition.
Key figures
- Eps
- 9.18
- Revenue
- $12.412 billion
- Roe
- 24.7%
- Core roe
- 22.1%
- Net income
- 1917000000
- Core income
- 1947000000
- Combined ratio
- 86.8%
- Net income eps
- 9.04
- Debt to capital
- 25.3%
- Repurchase shares
- 4000000
- Avg repurchase price
- 376
- Book value per share
- 141.48
- Net written premiums
- 11480000000
- Asbestos reserve addition
- 295000000
- Catastrophe losses pretax
- 538000000
- Underlying combined ratio
- 84.1%
- Remaining buyback capacity
- 2415000000
- Underwriting income pretax
- 1432000000
- Net investment income pretax
- 1098000000
- Quarterly dividend per share
- 1.25
- Adjusted book value per share
- 172.47
- Underlying underwriting income pretax
- 1736000000
- Net favorable reserve development pretax
- 234000000
AI analysis
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