NYSE$TRV

Travelers · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported excellent results for the fourth quarter and full year, including strong earnings and premium growth.

Travelers reported a record fourth quarter net income of $1.333 billion and record core income of $1.289 billion. Net written premiums were up 10% compared to the prior year quarter. The consolidated combined ratio was 88.0% and the underlying combined ratio was 88.7%.

  • Record fourth quarter net income of $1.333 billion and record core income of $1.289 billion.
  • Consolidated combined ratio of 88.0% and underlying combined ratio of 88.7%.
  • Net written premiums of $7.995 billion, up 10% compared to the prior year quarter.
  • Total capital returned to shareholders of $1.017 billion, including $801 million of share repurchases.

Headline financials

Total Revenue

$9.01B

Previous: $8.4B+7.3%
EPS (adj)

$5.20

Previous: $4.91+5.9%
Combined Ratio

88.0%

Previous: 86.7%+1.5%
Underlying Combined Ratio

88.7%

Previous: 88.7%+0.0%
Net Income

$1.33B

Previous: $1.31B+1.8%
Operating Income

$926M

Previous: $955M-3.0%
Gross Profit

$9.01B

Previous: $8.4B+7.3%
Cash & Equivalents

$761M

Previous: $721M+5.5%
Total Assets

$120B

Previous: $117B+3.2%

Revenue & EPS history

Travelers · Revenue · Quarterly

$9.01B

Q4 2021+7.3%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Travelers · $8B total across 3 segments · Q4 2021

  • Business Insurance
    $3.97B+9.2%
  • Personal Insurance
    $3.12B+10.1%
  • Bond & Specialty Insurance
    $905M+13.1%

Forward guidance

Looking forward, with the best talent in the industry, we remain well positioned to capitalize on opportunities and deliver industry leading returns.

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 Q4 2021

Historical avgQ4 2021

+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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