NYSE$TRV
Travelers · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported net income of $600 million and core income of $676 million.
Travelers reported a decrease in net income to $600 million, primarily due to net realized investment losses and higher catastrophe losses, though these were partially offset by a higher underlying underwriting gain. COVID-19 related charges impacted underwriting gain. Net written premiums increased by 4%, and the company returned $681 million to shareholders through dividends and share repurchases.
- Net income was $600 million, and core income was $676 million.
- Catastrophe losses totaled $333 million pre-tax, up from $193 million in the prior year quarter.
- COVID-19-related net charges of $86 million pre-tax were included in the underwriting gain.
- Net written premiums increased by 4% to $7.346 billion, with growth in all segments.
Headline financials
Revenue & EPS history
Travelers · Revenue · Quarterly
$7.91B
Revenue by segment
Travelers · $7.35B total across 3 segments · Q1 2020
- Business Insurance$4.19B—57.0%
- Personal Insurance$2.49B—33.9%
- Bond & Specialty Insurance$663M—9.0%
Forward guidance
There are many uncertainties surrounding COVID-19’s impact on our global economy and on us, it has been in the most challenging circumstances that the strength of our AA-rated franchise and the value we provide to all of our stakeholders shine through.
Tailwinds
- Balance sheet is extremely strong
- Debt-to-capital ratio is comfortably within our target range
- Holding company liquidity of $1.6 billion is well above our target level
- Very high-quality investment portfolio
- Have the talent, technology, risk management processes and procedures, and, importantly, financial strength to manage through these extraordinary times and to continue to deliver meaningful shareholder value over time.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.6%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.1%
Avg return
30 days after
60%
44 / 73 earnings
Positive
+11.8%
Q3 2020
Best reaction
-6.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | +0.7% | +0.2% | |
| Q4 2025 | +1.9% | +4.5% | +13.1% | |
| Q3 2025 | -2.9% | -0.0% | +6.6% | |
| Q2 2025 | -0.3% | -0.2% | +3.6% | |
| Q1 2025 | +1.1% | -0.0% | +9.6% | |
| Q4 2024 | +3.2% | +5.0% | +0.4% | |
| Q3 2024 | +9.3% | +6.7% | +7.4% | |
| Q2 2024 | -6.9% | -5.8% | -1.8% | |
| Q1 2024 | -5.7% | -4.0% | -1.5% | |
| Q4 2023 | +7.8% | +6.4% | +9.7% | |
| Q3 2023 | -3.2% | -6.0% | +1.5% | |
| Q2 2023 | +1.3% | +0.9% | -4.7% | |
| Q1 2023 | +4.2% | +4.1% | +6.8% | |
| Q4 2022 | +2.4% | -4.4% | -5.6% | |
| Q3 2022 | +2.5% | +7.8% | +10.7% | |
| Q2 2022 | -1.1% | +1.7% | +9.1% | |
| Q1 2022 | -4.1% | -6.5% | -8.6% | |
| Q4 2021 | +1.6% | +5.3% | +6.6% | |
| Q3 2021 | +3.8% | +6.2% | +2.1% | |
| Q2 2021 | +0.4% | -2.2% | +5.4% | |
| Q1 2021 | +1.9% | +2.2% | +2.9% | |
| Q4 2020 | +0.6% | -0.9% | +0.6% | |
| Q3 2020 | +11.8% | +12.6% | +19.7% | |
| Q2 2020 | -3.2% | -5.9% | -8.5% | |
| Q1 2020 | +0.0% | -0.9% | -2.6% | |
| Q4 2019 | -4.6% | -4.9% | -4.4% | |
| Q3 2019 | -6.9% | -8.1% | -5.1% | |
| Q2 2019 | -0.6% | +0.1% | -1.3% | |
| Q1 2019 | +0.5% | +1.6% | +8.6% | |
| Q4 2018 | -0.8% | +0.8% | +4.7% | |
| Q3 2018 | -0.3% | -2.1% | +1.8% | |
| Q2 2018 | -3.7% | -4.0% | +0.3% | |
| Q1 2018 | -3.7% | -2.9% | -4.8% | |
| Q4 2017 | +5.9% | +7.2% | -1.2% | |
| Q3 2017 | +2.5% | +2.4% | -0.1% | |
| Q2 2017 | -1.0% | +0.8% | +1.1% | |
| Q1 2017 | -1.1% | +0.8% | +0.3% | |
| Q4 2016 | -0.3% | +0.1% | +3.7% | |
| Q3 2016 | -6.8% | -6.2% | -3.8% | |
| Q2 2016 | +0.1% | +0.5% | +0.4% | |
| Q1 2016 | -4.3% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | -3.9% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q3 2014 | +2.6% | — | — | |
| Q2 2014 | -3.7% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | -2.2% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2013 | -3.8% | — | — | |
| Q1 2013 | +1.5% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | +3.0% | — | — | |
| Q2 2012 | -2.0% | — | — | |
| Q1 2012 | +5.5% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | +6.0% | — | — | |
| Q2 2011 | +0.9% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | +2.5% | — | — | |
| Q4 2008 | +2.5% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q1 2009 | -3.5% | — | — | |
| Q1 2010 | -0.0% | — | — | |
| Q3 2008 | +6.8% | — | — | |
| Q3 2009 | +6.8% | — | — | |
| Q4 2007 | +1.1% | — | — | |
| Q2 2008 | +1.1% | — | — | |
| Q2 2009 | +1.1% | — | — |
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