The Travelers Companies, Inc.: Beat — EPS $9.18, Revenue $12.41B
Earnings BeatQ3 2026 · Pre-market
@trystockwhiz
Did The Travelers Companies, Inc. (TRV) beat earnings today?
Yes, The Travelers Companies, Inc. (TRV) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+23.55% surprise
$9.18Actual
Expected: $7.43
vs. year ago +12.8%
Total Revenue+12.63% surprise
$12.41BActual
Expected: $11.02B
vs. year ago -0.5%
Released Oct 16 · 6:57 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $12.41B | $12.47B | -0.5 |
| Net Income | $1.92B | $1.89B | +2.0 |
| GAAP Diluted EPS | $9.04 | $8.24 | +10.0 |
| Core Income per Diluted Share | $9.18 | $8.14 | +13.0 |
Business Highlights
- ➤Returned $1.769 billion of capital to shareholders, including $1.508 billion of share repurchases.
- ➤Repurchased 4.0 million shares at an average price of $376.00 per share.
- ➤Retained $2.415 billion of capacity under Board-approved share repurchase authorizations.
- ➤Board declared a regular quarterly dividend of $1.25 per share.
- ➤Divested Canadian operations in the first quarter of 2026.
- ➤Business Insurance achieved a third-quarter record of $699 million in new business.
- ➤Business Insurance retention was 86%, higher or stable in every line.
- ➤Bond & Specialty Management Liability retention remained 89%.
- ➤Surety production grew across the portfolio.
- ➤Personal Insurance reported solid retention in both Auto and Homeowners.
- ➤Travelers will discuss results via webcast on October 16, 2026.
Management Commentary
Alan Schnitzer, Chairman and Chief Executive Officer
“We are pleased to report excellent third quarter results. It was another in a run of successful quarters, with very strong underwriting performance across all three segments and a record result from our investment portfolio. Core income for the quarter was $1.9 billion, or $9.18 per diluted share. Core return on equity for the quarter was 22.1%, bringing core return on equity over the last four quarters to 24.1%. Third quarter underwriting income of $1.4 billion pre-tax benefited from continued strong levels of underlying underwriting income and net favorable prior year development. Profitability was excellent on both a reported and underlying basis. The combined ratio improved to 86.8%, and the underlying combined ratio remained very strong at 84.1%.”
Alan Schnitzer, Chairman and Chief Executive Officer
“Our high-quality investment portfolio generated after-tax net investment income of $908 million, an increase of 7%. These results, along with our exceptionally strong balance sheet, enabled us to return $1.8 billion of excess capital to our shareholders during the quarter, including $1.5 billion of share repurchases.”
Alan Schnitzer, Chairman and Chief Executive Officer
“Through disciplined marketplace execution across all three segments, we generated net written premiums in the quarter of $11.5 billion. In Business Insurance, we grew in every line other than Property, generating net written premiums of $5.9 billion, up 4% from the prior year quarter adjusting for the sale of our Canadian businesses. Renewal premium change in the segment was 4.1%, including renewal premium change of 5.4% in our core Middle Market business and 7.8% in our small commercial Select business. Excluding the Property line, renewal premium change in the segment was 7.0%. Retention remained very strong at 86% and was higher or stable in every line. Renewal premium change was by and large orderly and when viewed together with retention and returns reflects excellent execution. New business was a third quarter record at $699 million, up 4% over the prior year quarter.”
Alan Schnitzer, Chairman and Chief Executive Officer
“In Bond & Specialty Insurance, we grew net written premiums by 12% to $1.2 billion. In our high-quality Management Liability business renewal premium change improved sequentially to 3.8% while retention remained steady at an excellent 89%. New business in the segment was up 18% over the prior year quarter. In our leading Surety business, we grew net written premiums by 21%, reflecting continued strong production across the portfolio.”
Alan Schnitzer, Chairman and Chief Executive Officer
“In Personal Insurance, we generated net written premiums of $4.4 billion, with solid retention in both Auto and Homeowners and higher new business in our Homeowners business.”
Alan Schnitzer, Chairman and Chief Executive Officer
“Our strong underwriting and investment results through the first nine months of the year reflect the strength of our franchise. We are well positioned to finish the year strong. That momentum, and the advances we are making on our innovation agenda, give us real confidence heading into 2027 and beyond.”