The Travelers Companies said net income for Q1 2025 was $395 million, or $1.70 per share on a diluted basis, down 65% from $1.12 billion, or $4.80 per share diluted, in the same period of the prior year. The company cited higher catastrophe losses and a shift to net realized investment losses as factors in the decrease in income before income taxes.

1. 01

   The Travelers Companies said net income for Q1 2025 was $395 million, or $1.70 per share on a diluted basis, down 65% from $1.12 billion, or $4.80 per share diluted, in the same period of the prior year. The company cited higher catastrophe losses and a shift to net realized investment losses as factors in the decrease in income before income taxes.

2. 02

   Catastrophe losses for Q1 2025 were $2.27 billion, compared with $712 million in the same period of the prior year, and resulted primarily from the January 2025 California wildfires and severe wind and hail storms in multiple states, the company said. The combined ratio was 102.5%, 8.6 points higher than 93.9% in the same period of the prior year.

3. 03

   The Travelers Companies said segment income for Business Insurance in Q1 2025 was $683 million, segment income for Bond & Specialty Insurance was $220 million, and Personal Insurance recorded a segment loss of $374 million. Catastrophe losses in Personal Insurance were $1.74 billion.

4. 04

   The company said total capital returned to shareholders in Q1 2025 was $599 million, comprising $358 million in share repurchases and $241 million in dividends. It also announced an increase in the quarterly dividend for April 16, 2025 to $1.10 per share from $1.05, a 5% increase.

Key figures

Quarter ended March 31, 2025

Revenue

$11.8B

Net income

$395M

EPS

$1.70

Operating cash flow

$1.4B

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

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