NYSE$TRV
Travelers · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a net loss of $14 million and core income of $15 million, impacted by significant catastrophe losses but supported by strong underlying results and investment returns.
Travelers reported a net loss of $14 million for Q2 2023, with core income at $15 million. Results were impacted by $1.481 billion in pre-tax catastrophe losses, though strong underlying performance and investment returns partially offset the impact. Net written premiums reached a record $10.318 billion, up 14% year-over-year.
- Net loss of $14 million and core income of $15 million were reported.
- The consolidated combined ratio was 106.5%, reflecting significant catastrophe losses.
- Record net written premiums of $10.318 billion, up 14% year-over-year, were achieved.
- Total capital returned to shareholders was $633 million, including $400 million in share repurchases.
Headline financials
Revenue & EPS history
Travelers · Revenue · Quarterly
$10.1B
Revenue by segment
Travelers · $10.3B total across 3 segments · Q2 2023
- Business Insurance$5.18B+18.3%50.2%
- Personal Insurance$4.18B+13.4%40.5%
- Bond & Specialty Insurance$964M+0.2%9.3%
Forward guidance
The company is confident in its outlook, citing terrific underlying fundamentals in commercial businesses, improving results in personal insurance, and rising investment returns. They are also investing in new capabilities to advance their innovation agenda.
Tailwinds
- Terrific underlying fundamentals in our commercial businesses
- Improving underlying results in our personal insurance business
- Steadily rising investment returns in our fixed income portfolio
- Leveraging scale, expertise and proven track record of execution
- Investing in exciting new capabilities to advance our ambitious innovation agenda
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 Q2 2023
+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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