TRV

EX-99.1

2 a991pressrelease93026.htm

EX-99.1

Document

Exhibit 99.1

The Travelers Companies, Inc.

485 Lexington Avenue

New York, NY 10017-2630

www.travelers.com

NYSE: TRV

Travelers Reports Excellent Third Quarter and Year-to-Date Results

Third Quarter 2026 Net Income per Diluted Share of $9.04 and Core Income per Diluted Share of $9.18

Third Quarter 2026 Return on Equity of 24.7% and Core Return on Equity of 22.1%

•Third quarter net income of $1.917 billion and core income of $1.947 billion.

•Underwriting income of $1.432 billion pre-tax and underlying underwriting income of $1.736 billion pre-tax.

•Strong margins with a consolidated combined ratio of 86.8% and underlying combined ratio of 84.1%.

•Net favorable prior year reserve development in all three segments totaled $234 million pre-tax.

•Net written premiums of $11.480 billion.

•Record net investment income of $1.098 billion pre-tax ($908 million after-tax) increased 6%.

•Total capital of $1.769 billion returned to shareholders, including $1.508 billion of share repurchases.

New York, October 16, 2026 — The Travelers Companies, Inc. today reported net income of $1.917 billion, or $9.04 per diluted share, for the quarter ended September 30, 2026, compared to $1.888 billion, or $8.24 per diluted share, in the prior year quarter. Core income in the current quarter was $1.947 billion, or $9.18 per diluted share, compared to $1.867 billion, or $8.14 per diluted share, in the prior year quarter. Core income increased primarily due to higher net favorable prior year reserve development and higher net investment income, partially offset by higher catastrophe losses. Net realized investment losses in the current quarter were $34 million pre-tax ($30 million after-tax), compared to net realized investment gains of $27 million pre-tax ($21 million after-tax) in the prior year quarter. 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,

20262025Change20262025Change

Net written premiums$11,480 $11,473 — %$33,347 $33,531 (1)%

Total revenues$12,412 $12,470 — $36,489 $36,396 —

Net income$1,917 $1,888 2 $5,836 $3,792 54

per diluted share$9.04 $8.24 10 $27.05 $16.45 64

Core income$1,947 $1,867 4 $5,803 $3,814 52

per diluted share$9.18 $8.14 13 $26.90 $16.54 63

Diluted weighted average shares outstanding210.6 227.5 (7)214.2 228.9 (6)

Combined ratio86.8 %87.3 %(0.5)pts86.3 %93.2 %(6.9)pts

Underlying combined ratio84.1 %83.9 %0.2 pts84.5 %84.4 %0.1 pts

Return on equity24.7 %24.7 %— pts24.3 %17.3 %7.0 pts

Core return on equity22.1 %22.6 %(0.5)pts22.3 %15.8 %6.5 pts

As ofChange From

September 30, 2026December 31, 2025September 30, 2025December 31, 2025September 30, 2025

Book value per share$141.48 $151.21 $141.72 (6)%— %

Adjusted book value per share172.47 158.01 150.55 9 %15 %

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

1

“We are pleased to report excellent third quarter results,” said Alan Schnitzer, Chairman and Chief Executive Officer. “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%.

“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.

“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 l

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