NYSE$TRV
Travelers · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported excellent first quarter results with strong profitability and production across all segments, driven by record net earned premiums and an excellent combined ratio.
Travelers reported a strong first quarter in 2024, with net income of $1.123 billion and core income of $1.096 billion. The company saw growth in net written premiums across all segments and an improved combined ratio, driven by strong underlying results. The Board of Directors also declared a 5% increase in the regular quarterly cash dividend.
- Net income reached $1.123 billion, with core income at $1.096 billion.
- The combined ratio improved to 93.9%, and the underlying combined ratio was outstanding at 87.7%.
- Net written premiums increased by 8% to $10.182 billion, with growth in all three segments.
- Shareholders received $620 million in capital, including $388 million in share repurchases.
Headline financials
Revenue & EPS history
Travelers · Revenue · Quarterly
$11.2B
Revenue by segment
Travelers · $10.5B total across 3 segments · Q3 2023
- Business Insurance$5.08B+16.2%48.4%
- Personal Insurance$4.41B+14.1%42.0%
- Bond & Specialty Insurance$1B+4.0%9.6%
Forward guidance
The year is off to a terrific start with strong profitability and production in all three segments, as well as higher investment income.
Tailwinds
- Strong profitability in all three segments
- Strong production in all three segments
- Higher investment income
- Success in executing innovation strategy
- Superior returns with industry-low volatility
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 2024
+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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