# The Travelers Companies, Inc. (TRV) — Stock CV

The Travelers Companies, Inc. is a $76.9B financial services company. Revenue grew 2.4% over the last year, and it keeps 17¢ of every dollar of sales as profit. It trades at 9.3× earnings — near the lowest of its own history.

> Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses.

## Identity

- **Ticker**: TRV
- **Sector**: Financial Services
- **Industry**: Fire, Marine & Casualty Insurance
- **Headquarters**: SAINT PAUL, MN
- **Employees**: 34 000
- **Website**: https://www.travelers.com
- **Market cap**: $76.9B
- **Last price**: $368.75
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $49.0B
- **Net income**: $8.30B
- **Free cash flow**: $11.0B
- **P/E**: 9.3
- **Revenue growth (YoY)**: 2.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 57 |
| Profitability | 85 |
| Health | 37 |
| Quality | 65 |
| Moat | 38 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +2.4% YoY
- [x] Profitable — $8.30B TTM
- [x] Profit growing — +32.6% YoY
- [x] Generates cash — $11.0B TTM
- [ ] Debt under control — current ratio 1.00
- [x] Established company — $76.9B market cap
- [x] Not printing shares — -10.6% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 37/100
- [x] Pays a dividend — yield 1.29%
- [x] Valuation not extreme — P/E 9.3

## Experience (career milestones)

- **FY2025** — Best year on record: $6.29B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $27.6B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2015** — Travelers acquired a majority interest in the property casualty business of its J
- **2013** — Travelers announced the acquisition of Dominion of Canada General Insurance Company from E-L Financial…
- **2003** — Travelers bought renewal rights for Royal & SunAlliance Personal Insurance and Commercial businesses
- **2002** — However, the synergies between the banking and insurance arms of the company did not work as well as planned, so…
- **1998** — It acquired USF&G, known formerly as United States Fidelity and Guaranty Company, an insurance company based…
- **1997** — Travelers Group acquired investment bank Salomon Brothers
- **1995** — It became The Travelers Group
- **1993** — It was bought by Primerica in December 1993, but the resulting company retained the Travelers name
- **1859** — Batterson, a stone contractor who became aware for the first time of accident insurance for travelers (i.e., an…
- **1853** — Saint Paul Fire and Marine Insurance Co. was founded March 5, 1853, in Saint Paul, Minnesota, to serve local…

## Strengths

- Strong cash conversion — FCF is 22.5% of revenue
- Interest covered 19.3× by operating earnings
- High returns on invested capital (ROIC 24.4%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $34.8B | $3.66B | $7.27B |
| FY2022 | $36.9B | $2.84B | $6.46B |
| FY2023 | $41.4B | $2.99B | $7.71B |
| FY2024 | $46.4B | $5.00B | $9.07B |
| FY2025 | $48.8B | $6.29B | $10.6B |

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Source: https://stockcv.com/TRV — derived from company filings; may be delayed or incomplete. Information, not investment advice.