| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 72 | 10.5x | 17.3x | Top tier | |
Growth | 62 | 1.1% | 7.1% | Around median | |
Quality | 97 | — | — | Top tier | |
Safety | 26 | — | — | Bottom tier | |
Capital Return | 81 | 1.15% | 0.06% | Top tier | |
Momentum | 98 | 35.0% | -1.6% | Top tier | |
Sentiment | 59 | 17 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
The Travelers Companies, Inc. operates in insurance through three main segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. It generates revenue from written insurance premiums, while another portion of earnings comes from investing funds accumulated before claims are paid; its investment portfolio exceeded $100 billion, with approximately 95% in fixed-income instruments and 99% of the fixed-income portfolio rated investment grade in fiscal Q2 2026.
Fiscal Q2 2026 revenue was approximately $12.2 billion, net income was $2.2 billion, and diluted earnings per share according to EDGAR was approximately $10.26. Core income was $2.2 billion, or $10.04 per diluted share, exceeding the published estimate of $5.41, while core return on equity reached 24.9% and the combined ratio was 83.6%, with the underlying combined ratio improving to 84.1%. Meanwhile, fiscal 2026 trailing twelve-month data shows revenue of $49.0 billion, net income of $8.3 billion, and earnings per share of approximately $38.87.
Net written premiums were $11.5 billion in fiscal Q2 2026. Business Insurance accounted for $6.0 billion, compared with $4.3 billion for Personal Insurance and $1.2 billion for Bond & Specialty Insurance, representing approximately 52%, 37%, and 10% of the total, respectively. The segments achieved combined ratios of 88.2% for Business Insurance, 82.8% for Bond & Specialty Insurance, and 79.5% for Personal Insurance, demonstrating that profitability strength was not limited to a single segment.
The analysts’ average price target is $351.11, within a wide range of $290 to $430, while the consensus remains neutral; this dispersion reflects meaningful differences in estimates of the sustainability of high returns and underwriting margins. The average target is below the 52-week range high of $398.70, while the highest target exceeds that high and the lowest target remains above the range low of $252.26, so the consensus does not provide a uniform bullish signal despite the strong fiscal Q2 2026 results.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Core income was $2.2 billion, or $10.04 per diluted share, compared with a published estimate of $5.41. After-tax core underwriting income contributed $1.3 billion, while after-tax net investment income was $883 million. Favorable prior-year reserve development added $456 million after tax, while catastrophe losses exceeded $400 million after tax. This resulted in a core return on equity of 24.9% and a combined ratio of 83.6%.
Net written premiums were $11.5 billion in fiscal Q2 2026. Business Insurance generated $6.0 billion, Personal Insurance generated $4.3 billion, and Bond & Specialty Insurance generated $1.2 billion. The segments recorded combined ratios of 88.2%, 79.5%, and 82.8%, respectively. This mix shows that Business Insurance is the largest source of premiums, with a significant contribution from Personal Insurance and faster growth in Bond & Specialty Insurance.
Management said on July 17, 2026, that artificial intelligence contributed to straight-through claims processing and that the benefits of innovation investments had begun to appear in Business Insurance results. Management attributed approximately half a point of the improvement in the underlying loss ratio to analytics, risk selection, and claims efficiency, while emphasizing that several factors contributed to the improvement. On the Travis platform, data extraction, rapid population, and underwriting rules are used to issue quotes within seconds. The company spends more than $1.5 billion annually on business investments, including technology and artificial intelligence initiatives.
Automated analysis for informational purposes only — not investment advice.
The investment portfolio exceeded $100 billion in fiscal Q2 2026, with approximately 95% in fixed-income instruments and 99% of those instruments rated investment grade. After-tax net investment income rose 14% to $883 million, benefiting from higher yields and growth in invested assets. Yields on new money were approximately 90 basis points higher than the portfolio’s embedded yield. The company expects approximately $840 million in fixed-income investment income in fiscal Q3 2026 and approximately $870 million in fiscal Q4 2026.
After-tax catastrophe losses exceeded $400 million, so catastrophes and weather volatility remain an important source of fluctuations in results. The business also faces softer national property pricing and market-wide declines in personal auto rates, which may pressure premium growth or margins. Earnings also benefited from $456 million after tax in favorable reserve development, an item management does not plan to recur. Management also explained that middle-market new business and surety production related to large projects may fluctuate between periods.
The company returned more than $1.5 billion to shareholders, including $1.3 billion in share repurchases and $266 million in dividends. The declared quarterly cash dividend was $1.25 per share, following a 14% increase in the quarterly dividend per share. Approximately $3.9 billion remained under existing board share repurchase authorizations. At the same time, adjusted book value per share rose 16% year over year to $168.20.