NYSE$TRV

Travelers · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported excellent first quarter results, including strong earnings and premium growth.

Travelers reported a strong first quarter in 2022, with net income of $1.018 billion and core income of $1.037 billion. The company saw record net written premiums of $8.367 billion, up 11% compared to the prior year quarter. The board of directors declared a 6% increase in the regular quarterly cash dividend to $0.93 per share.

  • Net income was $1.018 billion and core income was $1.037 billion.
  • The consolidated combined ratio was 91.3% and the underlying combined ratio was 91.2%.
  • Net written premiums reached a record $8.367 billion, an 11% increase compared to the prior year quarter.
  • Total capital returned to shareholders was $773 million, including $559 million in share repurchases.

Headline financials

Total Revenue

$8.81B

Previous: $8.31B+6.0%
EPS (adj)

$4.22

Previous: $2.73+54.6%
Combined Ratio

91.3%

Previous: 96.6%-5.5%
Underlying Combined Ratio

91.2%

Previous: 89.5%+1.9%
Free Cash Flow

$1.02B

Previous: $733M+38.9%
Net Income

$1.02B

Previous: $733M+38.9%
Operating Income

$1.27B

Previous: $969M+30.7%
Gross Profit

$2.46B

Previous: $2.14B+15.2%
Cash & Equivalents

$752M

Previous: $22.4B-96.6%
Total Assets

$119B

Previous: $117B+1.3%

Revenue & EPS history

Travelers · Revenue · Quarterly

$8.81B

Q1 2022+6%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Travelers · $8.37B total across 3 segments · Q1 2022

  • Business Insurance
    $4.5B+9.1%
  • Personal Insurance
    $2.98B+12.3%
  • Bond & Specialty Insurance
    $882M+22.0%

Forward guidance

Travelers did not provide quantified forward guidance in its first quarter 2022 earnings report. The company's commentary focused on its confidence in creating shareholder value through competitive advantages and talent.

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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