Travelers Companies Files 2024 10-K
Ticker: TRV · Form: 10-K · Filed: Feb 13, 2025 · CIK: 86312
Sentiment: neutral
Topics: 10-K, annual-report, insurance
Related Tickers: TRV
TL;DR
TRV filed its 2024 10-K. All good.
AI Summary
The Travelers Companies, Inc. filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Saint Paul, MN, operates in the Fire, Marine & Casualty Insurance sector. This filing provides a comprehensive overview of its financial performance and business operations for the year.
Why It Matters
This 10-K filing provides investors and analysts with detailed financial information and business insights into Travelers Companies, Inc. for the fiscal year 2024, crucial for evaluating the company's performance and future prospects.
Risk Assessment
Risk Level: low — This is a standard annual financial filing for a large, established public company.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 1231 — Fiscal Year End (Indicates the end of the reporting period)
- 001-10898 — SEC File Number (Identifier for the company's filings with the SEC)
Key Players & Entities
- TRAVELERS COMPANIES, INC. (company) — Filer
- 0000086312 (company) — Central Index Key
- SAINT PAUL, MN (location) — Business Address City/State
- NEW YORK, NY (location) — Mail Address City/State
- 2024-12-31 (date) — Fiscal Year End
- 2025-02-13 (date) — Filing Date
FAQ
What is the primary business of The Travelers Companies, Inc. as indicated in the filing?
The primary business is Fire, Marine & Casualty Insurance, with SIC code 6331.
When was this 10-K filing submitted to the SEC?
The filing was submitted on February 13, 2025.
What is the fiscal year end date for the period covered by this report?
The fiscal year end date is December 31, 2024.
What are the company's business and mailing addresses listed?
The business address is 385 Washington St, Saint Paul, MN 55102, and the mailing address is 485 Lexington Avenue, New York, NY 10017-2630.
What was the company's former name and when did the name change occur?
The company was formerly known as ST PAUL TRAVELERS COMPANIES INC, and the name change occurred on April 1, 2004.
Filing Stats: 4,161 words · 17 min read · ~14 pages · Grade level 15.7 · Accepted 2025-02-13 06:48:49
Key Financial Figures
- $3.19 b — deductible policies were approximately $3.19 billion, and the associated receivables (
- $3.17 billion — ected credit losses) were approximately $3.17 billion. Business Insurance also utilizes retro
- $46 million — ly rated policies totaled approximately $46 million at December 31, 2024. Significant colla
Filing Documents
- trv-20241231.htm (10-K) — 6847KB
- a1028trv2025mcmoptionagree.htm (EX-10.28) — 201KB
- a1029trv2025restrictedstoc.htm (EX-10.29) — 195KB
- a1033trv2025mcmperfsharesa.htm (EX-10.33) — 230KB
- a1034trv2025boardofdirecto.htm (EX-10.34) — 14KB
- a191trvsecuritiestradingpo.htm (EX-19.1) — 229KB
- trv-12312024x10kxex211.htm (EX-21.1) — 63KB
- trv-12312024x10kxex231.htm (EX-23.1) — 3KB
- trv-12312024x10kxex241.htm (EX-24.1) — 19KB
- trv-12312024x10kxex311.htm (EX-31.1) — 9KB
- trv-12312024x10kxex312.htm (EX-31.2) — 9KB
- trv-12312024x10kxex321.htm (EX-32.1) — 5KB
- trv-12312024x10kxex322.htm (EX-32.2) — 5KB
- trv-20241231_g1.jpg (GRAPHIC) — 121KB
- 0000086312-25-000012.txt ( ) — 34768KB
- trv-20241231.xsd (EX-101.SCH) — 117KB
- trv-20241231_cal.xml (EX-101.CAL) — 179KB
- trv-20241231_def.xml (EX-101.DEF) — 754KB
- trv-20241231_lab.xml (EX-101.LAB) — 1509KB
- trv-20241231_pre.xml (EX-101.PRE) — 1155KB
- trv-20241231_htm.xml (XML) — 8831KB
Risk Factors
Risk Factors 43 1B. Unresolved Staff Comments 56 1C. Cybersecurity 56 2.
Legal Proceedings
Legal Proceedings 58 4. Mine Safety Disclosures 58 Part II 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 59 6. Reserved 61 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 62 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 117 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 119 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 204 9A.
Controls and Procedures
Controls and Procedures 204 9B. Other Information 208 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 208 Part III 10. Directors, Executive Officers and Corporate Governance 208 11.
Executive Compensation
Executive Compensation 210 12.
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 210 13. Certain Relationships and Related Transactions, and Director Independence 211 14. Principal Accountant Fees and Services 211 Part IV 15. Exhibits and Financial Statement Schedules 211 16. Form 10-K Summary 214
Signatures
Signatures 215 2 PART I
BUSINESS
Item 1. BUSINESS The Travelers Companies, Inc. (together with its consolidated subsidiaries, the Company) is a holding company principally engaged, through its subsidiaries, in providing a wide range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The Company is incorporated as a general business corporation under the laws of the State of Minnesota and is one of the oldest insurance organizations in the United States, dating back to 1853. The principal executive offices of the Company are located at 485 Lexington Avenue, New York, New York 10017, and its telephone number is (917) 778-6000. The Company also maintains executive offices in Hartford, Connecticut, and St. Paul, Minnesota. The term "TRV" in this document refers to The Travelers Companies, Inc., the parent holding company excluding subsidiaries. PROPERTY AND CASUALTY INSURANCE OPERATIONS The property and casualty insurance industry is highly competitive in the areas of price, service, product offerings, agent and broker relationships and other methods of distribution. Distribution methods include the use of local and national independent agents and brokers, agency aggregators and carrier-based agencies, as well as direct to consumer, affinity and other partner platforms. According to A.M. Best, there are approximately 1,100 property and casualty groups in the United States, comprising approximately 2,600 property and casualty companies. Of those groups, the top 150 accounted for approximately 94% of the consolidated industry's total net written premiums in 2023. The Company competes with both foreign and domestic insurers. In addition, some property and casualty insurers writing commercial lines of business, including the Company, offer products for alternative forms of risk protection in addition to traditional insurance products. These products include large deductible programs and various forms of self-in