The company said net income for 2023 was $2.99 billion, up 5% from $2.84 billion in 2022, and diluted net income per share was $12.79, up 9% from $11.77 in 2022.

1. 01

   The company said net income for 2023 was $2.99 billion, up 5% from $2.84 billion in 2022, and diluted net income per share was $12.79, up 9% from $11.77 in 2022.

2. 02

   The Travelers Companies said catastrophe losses in 2023 were $2.99 billion ($1.88 billion in 2022), and the combined ratio was 97.0%, 1.4 points higher than 95.6% in 2022.

3. 03

   Earned premiums for 2023 were $37.76 billion, up $4.00 billion (12%) from 2022, and net investment income was $2.92 billion, up $360 million (14%), the company said.

4. 04

   The company said it returned a total of $1.94 billion to shareholders in 2023, including $1.03 billion in share repurchases and $915 million in dividends, and that its debt-to-total capital ratio at year-end was 24.4%.

Key figures

Fiscal year ended December 31, 2023

Revenue

$41.4B

Net income

$3.0B

EPS

$12.79

Operating cash flow

$7.7B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.