NYSE$TRV
Travelers · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported excellent results driven by strong underwriting and investment income.
Travelers reported a strong Q3 2024, marked by a significant increase in net income and core income. The company saw improvements in its combined ratio and underlying combined ratio, driven by strong underwriting profitability across all segments. Record net written premiums and net investment income also contributed to the positive results, allowing the company to return substantial capital to shareholders.
- Net income per diluted share increased by 211% to $5.42, with a return on equity of 19.2%.
- Core income per diluted share rose by 169% to $5.24, resulting in a core return on equity of 16.6%.
- The consolidated combined ratio improved to 93.2%, driven by a strong underlying combined ratio of 85.6%.
- Net written premiums reached a record $11.317 billion, up 8% year-over-year.
Headline financials
Revenue & EPS history
Travelers · Revenue · Quarterly
$11.9B
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
Travelers is confident in its outlook for its business into 2025 and beyond, driven by its strong earnings power across underwriting and investments.
Tailwinds
- Strong underlying profitability in all three segments.
- Continued strong premium growth.
- High-quality investment portfolio.
- Effective management of capital.
- Strategic investments in the business.
Headwinds
- Potential for high levels of catastrophe losses.
- Risk of actual claims exceeding reserves.
- Exposure to asbestos and environmental claims.
- Impact of economic downturn.
- Cybersecurity risks.
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 Q3 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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