Travelers Companies

TRV

時価総額 $812億

The Travelers Companies, Inc. ( TRV ) Q3 2026 Earnings Call October 16, 2026 9:00 AM EDT Company Participants Abbe Goldstein - Senior Vice President of Investor Relations Alan Schnitzer - Chairman & CEO Daniel Frey - Executive VP & CFO Greg Toczydlowski - Executive VP & President of Business Insurance Jeffrey Klenk - Executive VP and President of Bond & Specialty Insurance Michael Klein - Executive VP & President of Personal Insurance Conference Call Participants David Motemaden - Evercore ISI Institutional Equities, Research Division Charles Peters - Raymond James & Associates, Inc., Research Division Tracy Dolin-Benguigui - Wolfe Research, LLC Katie Sakys - Autonomous Research US LP Joshua Shanker - BofA Securities, Research Division Michael Zaremski - BMO Capital Markets Equity Research Elyse Greenspan - Wells Fargo Securities, LLC, Research Division Andrew Kligerman - TD Cowen, Research Division Yaron Kinar - Mizuho Securities USA LLC, Research Division Matthew Heimermann - Citigroup Inc., Research Division Presentation Operator Good morning, ladies and gentlemen. Welcome to the Third Quarter Results Teleconference for Travelers.

A week that tested the financial markets showed the resilience of Dow Jones stocks. Apple and Coca-Cola were among nine standouts.

The Travelers Companies, Inc. delivered robust Q3 results, with EPS of $9.18 and a combined ratio of 86.8%, aided by unusually large reserve releases. TRV's core underwriting and investment income remain strong, but favorable reserve releases and a quiet hurricane season have temporarily boosted earnings above normalized levels. Valuation appears full at ~12x 2027 EPS, with margins likely peaking and modest compression expected as competition increases and catastrophe losses normalize.

Travelers' Q3 earnings beat estimates by 29.8%, fueled by favorable reserve development and record investment income, despite rising catastrophe losses.

Travelers Companies NYSE: TRV reported third-quarter 2026 core income of $1.95 billion, or $9.18 per diluted share, as strong underwriting profitability across all three insurance segments and record investment income supported results.

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The headline numbers for Travelers (TRV) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Travelers Companies Inc (NYSE:TRV) stock is up 0.4% to trade at $385.63 at last check, after the insurance giant reported better-than-expected third-quarter results and record investment income.

Travelers Companies Inc (NYSE:TRV), the US insurance group, increased third-quarter core income by 4% to $1.947 billion as record investment income and favourable reserve development offset higher catastrophe losses. Core income per diluted share rose 13% to $9.18 in the three months to 30 September 2026, compared with $8.14 a year earlier, partly benefiting from share repurchases.