g34651mo25i001b12.gifExhibit 99.1
The Travelers Companies, Inc.
485 Lexington Avenue
New York, NY 10017-2630
www.travelers.com
NYSE: TRV

Travelers Reports Third Quarter Net Income per Diluted Share of $2.62 and Core Income per Diluted Share of $2.54, Both Up Substantially from Prior Year Quarter

Third Quarter Return on Equity of 12.6% and Core Return on Equity of 12.0%

Third quarter net income of $709 million and core income of $687 million.
Catastrophe losses of $264 million pre-tax decreased from $700 million pre-tax in the prior year quarter.
Consolidated combined ratio of 96.6%; underlying combined ratio of 93.0%.
Net written premiums of $7.062 billion, up 6% from the prior year quarter, reflecting growth in all segments.
Total capital returned to shareholders of $607 million in the quarter, including $400 million of share repurchases. Year-to-date total capital returned to shareholders of $1.764 billion, including $1.151 billion of share repurchases.
Book value per share of $84.82, down 3% from year-end 2017, due to the impact of higher interest rates on net unrealized investment gains/(losses). Adjusted book value per share of $86.51, up 4% from year-end 2017.
Board of Directors declared quarterly dividend per share of $0.77.
 
New York, October 18, 2018 — The Travelers Companies, Inc. today reported net income of $709 million, or $2.62 per diluted share, for the quarter ended September 30, 2018, compared to $293 million, or $1.05 per diluted share, in the prior year quarter. Core income in the current quarter was $687 million, or $2.54 per diluted share, compared to $253 million, or $0.91 per diluted share, in the prior year quarter. Core income before income taxes increased primarily due to a decrease in catastrophe losses of $436 million and an increase in net investment income of $58 million. Core income benefited from a lower U.S. corporate income tax rate. Net realized investment gains of $29 million pre-tax ($22 million after-tax) were lower by $32 million pre-tax ($18 million after-tax). Per diluted share amounts benefited from the impact of share repurchases.

Consolidated Highlights
($ in millions, except for per share amounts, and after-tax, except for premiums and revenues)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
 
Net written premiums
 
$
7,062

 
$
6,660

 
6
 %
 
$
21,017

 
$
19,795

 
6
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
7,723

 
$
7,325

 
5

 
$
22,486

 
$
21,451

 
5

 
Net income
 
$
709

 
$
293

 
142

 
$
1,902

 
$
1,505

 
26

 
per diluted share
 
$
2.62

 
$
1.05

 
150

 
$
6.97

 
$
5.34

 
31

 
Core income
 
$
687

 
$
253

 
172

 
$
1,859

 
$
1,410

 
32

 
per diluted share
 
$
2.54

 
$
0.91

 
179

 
$
6.81

 
$
5.01

 
36

 
Diluted weighted average shares outstanding
 
268.4

 
276.6

 
(3
)
 
271.1

 
279.6

 
(3
)
 
Combined ratio
 
96.6
%
 
103.2
%
 
(6.6
)
pts
96.8
%
 
98.7
%
 
(1.9
)
pts
Underlying combined ratio
 
93.0
%
 
92.8
%
 
0.2

pts
93.0
%
 
92.7
%
 
0.3

pts
Return on equity
 
12.6
%
 
4.9
%
 
7.7

pts
11.1
%
 
8.5
%
 
2.6

pts
Core return on equity
 
12.0
%
 
4.5
%
 
7.5

pts
10.9
%
 
8.3
%
 
2.6

pts
 
 
 
 
 
 
 
 
Change from
 
 
September 30,
2018
 
December 31,
2017
 
September 30,
2017
 
December 31,
2017
 
September 30,
2017
Book value per share
 
$
84.82

 
$
87.46

 
$
86.73

 
(3
)%
 
(2
)%
Adjusted book value per share
 
86.51

 
83.36

 
83.06

 
4

 
4

See Glossary of Financial Measures for definitions and the statistical supplement for additional financial data.



1

The following information was filed by Travelers Companies, Inc. (TRV) on Thursday, October 18, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Travelers Companies, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Travelers Companies, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account