The company said net income for the quarter ended December 31, 2025 was $2.496 billion ($11.06 per diluted share), compared with $2.082 billion ($8.96 per share) a year earlier. Core income for the same quarter was $2.511 billion ($11.13 per share).

1. 01

   The company said net income for the quarter ended December 31, 2025 was $2.496 billion ($11.06 per diluted share), compared with $2.082 billion ($8.96 per share) a year earlier. Core income for the same quarter was $2.511 billion ($11.13 per share).

2. 02

   Travelers said its combined ratio for Q4 improved to 80.2%, a 3.0 point gain, and its underlying combined ratio improved to 82.2%, a 1.8 point gain. The company said catastrophe losses came mainly from winter storms in multiple states.

3. 03

   The company said full-year 2025 net income was $6.288 billion and core income was $6.325 billion. The full-year combined ratio improved 2.6 points to 89.9%, and full-year catastrophe losses included the January 2025 California wildfires.

4. 04

   The company said it repurchased 5.8 million shares in Q4 at an average price of $285.04, for a total cost of $1.653 billion. The Board also authorized an additional $5.0 billion of share repurchases, on top of the $2.015 billion remaining as of December 31, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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