The Travelers Companies 10-Q, filed Oct 16, 2026

Summary

The Travelers Companies reported third-quarter 2026 net income of $1.92 billion, or $9.04 per diluted share, up 2% from $1.89 billion a year earlier, with the per-share increase reflecting recent share repurchases; results included higher net favorable prior-year reserve development and net investment income, partly offset by higher catastrophe losses of $538 million versus $402 million and net realized investment losses of $34 million versus gains of $27 million. For the first nine months of 2026, net income was $5.84 billion, or $27.05 per diluted share, up from $3.79 billion and $16.45 respectively, as catastrophe losses fell to $1.82 billion from $3.60 billion.

Key points

• Third-quarter 2026 net favorable prior-year reserve development was $234 million, compared with $22 million a year earlier.
• Earned premiums in the third quarter of 2026 were $11.10 billion, $32 million lower than in the same period of 2025, which included $259 million from Canadian operations divested in the first quarter of 2026.
• Net investment income in the third quarter of 2026 was $1.10 billion, 6% higher than a year earlier; for the first nine months it was $3.18 billion, up 9%.
• Catastrophe losses in the first nine months of 2026 were $1.82 billion, down from $3.60 billion in the same period of 2025, which included the January 2025 California wildfires.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.