The Travelers Companies said net income in 2024 was $5.00 billion, an increase of 67% from $2.99 billion in 2023, and diluted net income per share was $21.47, an increase of 68% from $12.79 in 2023.

10-KAnnual reportFiled Feb 13, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

The Travelers Companies said net income in 2024 was $5.00 billion, an increase of 67% from $2.99 billion in 2023, and diluted net income per share was $21.47, an increase of 68% from $12.79 in 2023.
The company said the combined ratio in 2024 was 92.5%, 4.5 points lower than 97.0% in 2023. Catastrophe losses were $3.34 billion in 2023 (compared with $2.99 billion), and net favorable prior year reserve development was $709 million.
The Travelers Companies said net investment income in 2024 was $3.59 billion, an increase of $668 million or 23% from 2023. Net investment income from fixed maturity investments was $2.95 billion, an increase of $476 million, which the company attributed to higher long-term average yields and a higher average level of fixed maturity investments.
The company said total debt at the end of 2024 was $8.03 billion and the debt-to-total capital ratio was 22.4% (20.3% excluding net unrealized investment losses, net of tax). It returned a total of $2.11 billion to shareholders, comprising $1.15 billion of share repurchases and $962 million of dividends.

Key figures

Fiscal year ended December 31, 2024

Revenue: $46.4B
Net income: $5.0B
EPS: $21.47
Operating cash flow: $9.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Net Income $5.00 billion, Diluted Net Income Per Share $21.47

The Travelers Companies said net income in 2024 was $5.00 billion, an increase of 67% from $2.99 billion in 2023, and diluted net income per share was $21.47, an increase of 68% from $12.79 in 2023.

Source · Based on the MD&A text of the filing

Combined Ratio 92.5%, Catastrophe Losses $3.34 billion

The company said the combined ratio in 2024 was 92.5%, 4.5 points lower than 97.0% in 2023. Catastrophe losses were $3.34 billion in 2023 (compared with $2.99 billion), and net favorable prior year reserve development was $709 million.

Source · Based on the MD&A text of the filing

Net Investment Income $3.59 billion, Up 23%

The Travelers Companies said net investment income in 2024 was $3.59 billion, an increase of $668 million or 23% from 2023. Net investment income from fixed maturity investments was $2.95 billion, an increase of $476 million, which the company attributed to higher long-term average yields and a higher average level of fixed maturity investments.

Source · Based on the MD&A text of the filing

Total Debt $8.03 billion, Capital Returned to Shareholders $2.11 billion

The company said total debt at the end of 2024 was $8.03 billion and the debt-to-total capital ratio was 22.4% (20.3% excluding net unrealized investment losses, net of tax). It returned a total of $2.11 billion to shareholders, comprising $1.15 billion of share repurchases and $962 million of dividends.

Source · Based on the MD&A text of the filing

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

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