g34651mo25i001b1211.gif                                            Exhibit 99.1
                                            The Travelers Companies, Inc.
                            485 Lexington Avenue
                                            New York, NY 10017-2630

Travelers Reports Third Quarter 2020 Net Income per Diluted Share of $3.23 and Core Income per Diluted Share of $3.12, Both Up Substantially from Prior Year Quarter

Third Quarter Return on Equity of 12.1% and Core Return on Equity of 13.5%

Third quarter net income of $827 million and core income of $798 million.
Consolidated combined ratio improved 6.6 points to a strong 94.9%; underlying combined ratio improved 2.6 points to a strong 91.5%.
Net favorable prior year reserve development included the previously announced $403 million pre-tax of PG&E subrogation recoveries.
Catastrophe losses of $397 million pre-tax compared to $241 million pre-tax in the prior year quarter.
Net written premiums of $7.771 billion, up 3% compared to the prior year quarter.
Strong renewal rate change in all three segments, including record renewal rate change in Business Insurance and Bond & Specialty Insurance.
Capital returned to shareholders of $218 million; no share repurchases in the current quarter. Year-to-date capital returned to shareholders of $1.117 billion, including $471 million of share repurchases.
Book value per share of $109.94, up 8% from year-end 2019; adjusted book value per share of $94.89, up 2% from year-end 2019.
Board of Directors declares regular quarterly cash dividend of $0.85 per share.

New York, October 20, 2020
— The Travelers Companies, Inc. today reported net income of $827 million, or $3.23 per diluted share, for the quarter ended September 30, 2020, compared to $396 million, or $1.50 per diluted share, in the prior year quarter. Core income in the current quarter was $798 million, or $3.12 per diluted share, compared to $378 million, or $1.43 per diluted share, in the prior year quarter. Core income increased primarily due to net favorable prior year reserve development compared to net unfavorable prior year reserve development in the prior year quarter, a higher underlying underwriting gain (i.e., excluding net prior year reserve development and catastrophe losses) and higher net investment income, partially offset by higher catastrophe losses. Net realized investment gains in the current quarter were $37 million pre-tax ($29 million after-tax), compared to $23 million pre-tax ($18 million after-tax) in the prior year quarter.

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,
Net written premiums$7,771 $7,569 3 %$22,463 $22,076 2 %
Total revenues$8,275 $8,013 3 $23,584 $23,518  
Net income$827 $396 109 $1,387 $1,749 (21)
per diluted share$3.23 $1.50 115$5.41 $6.59 (18)
Core income$798 $378 111$1,424 $1,670 (15)
per diluted share$3.12 $1.43 118$5.56 $6.29 (12)
Diluted weighted average shares outstanding254.3 261.8 (3)254.5 263.4 (3)
Combined ratio94.9 %101.5 %(6.6)pts97.9 %97.9 % pts
Underlying combined ratio91.5 %94.1 %(2.6)pts91.4 %93.5 %(2.1)pts
Return on equity12.1 %6.2 %5.9 pts7.0 %9.5 %(2.5)pts
Core return on equity13.5 %6.5 %7.0 pts8.1 %9.6 %(1.5)pts

As ofChange From
September 30,
December 31,
September 30,
December 31, 2019September 30,
Book value per share$109.94 $101.55 $99.21 8 %11 %
Adjusted book value per share94.89 92.76 90.09 2 %5 %
See Glossary of Financial Measures for definitions and the statistical supplement for additional financial data. .

The following information was filed by Travelers Companies, Inc. (TRV) on Tuesday, October 20, 2020 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.

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