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Travelers Companies Inc (TRV)

TRV on New York Consolidated

123.66USD
26 May 2017
Change (% chg)

$-0.06 (-0.05%)
Prev Close
$123.72
Open
$123.59
Day's High
$123.92
Day's Low
$123.34
Volume
925,556
Avg. Vol
1,407,748
52-wk High
$125.49
52-wk Low
$103.45

Latest Key Developments (Source: Significant Developments)

Travelers to redeem certain debentures
Wednesday, 3 May 2017 04:15pm EDT 

May 3 (Reuters) - Travelers Companies Inc :Travelers Companies - will redeem remaining $106.9 million aggregate principal amount of 6.25% fixed-to-floating rate junior subordinated debentures due 2067.  Full Article

Travelers Companies reports Q1 earnings of $2.17 per share
Thursday, 20 Apr 2017 06:57am EDT 

April 20 (Reuters) - Travelers Companies Inc :Q1 earnings per share $2.17; Q1 core earnings per share $2.16.Q1 total revenue $6.94 billion versus $6.69 billion last year.Q1 earnings per share view $2.35, revenue view $6.32 billion -- Thomson Reuters I/B/E/S.Q1 net written premiums $6,495 million versus $6,166 million last year.Book value per share at quarter-end $84.51 versus $83.05 at Q4-end.Adjusted book value per share at quarter-end $81.56 versus $80.44 at Q4-end.Q1 combined ratio 96.0 percent versus 92.3 percent last year.Q1 pre-tax net investment income $610 million versus $544 million last year.Q1 pre-tax underwriting gain $211 million versus $428 million last year.Q1 pre-tax catastrophe losses, net of reinsurance $347 million versus $318 million last year.Board of directors declares 7.5% increase in the company's regular quarterly cash dividend to $0.72 per share.Authorizes an additional $5.0 billion of share repurchases.  Full Article

Travelers Companies says CEO Alan Schnitzer's 2016 total compensation was $11.6 million
Friday, 31 Mar 2017 12:12pm EDT 

Travelers Companies Inc : CEO Alan Schnitzer's 2016 total compensation was $11.6 million versus $6.9 million in 2015 - SEC filing . COO Brian Maclean's FY 2016 total compensation was $10.1 million versus $8.6 million in FY 2015 . CFO Jay S. Benet's total compensation in 2016 was $6.6 million versus $6.7 million in 2015 .Former Executive Chairman of the Board Jay Fishman's total compensation for 2016 $17.8 million versus $20 million in 2015.  Full Article

Travelers sees higher Q1 loss reserves on discount rate change
Monday, 20 Mar 2017 08:00am EDT 

Travelers Companies Inc - : Expects to record increase to prior year loss reserves of approximately $62 million pre-tax in Q1 2017 operating results . Expects that any impact to its future operating results as a result of this change will be insignificant .Impacts are related result of change in discount rate.  Full Article

Travelers to acquire UK-based Simply Business
Monday, 13 Mar 2017 08:30am EDT 

Travelers Companies Inc : Travelers to acquire UK-based Simply Business . Travelers Companies Inc - deal for enterprise value of approximately $490 million . Travelers Companies Inc - Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel to Travelers in this transaction . Travelers will fund transaction through a combination of debt financing and internal resources .Travelers Companies Inc says transaction is expected to have an insignificant impact on travelers' 2017 and 2018 earnings per share.  Full Article

Travelers mourns death of former CEO Jay Fishman
Friday, 19 Aug 2016 04:14pm EDT 

Travelers Companies Inc :Death of Jay Fishman, its executive chairman of board and former chief executive officer.  Full Article

Travelers Companies posts Q2 earnings per share of $2.24
Thursday, 21 Jul 2016 06:57am EDT 

Travelers Companies Inc : Q2 net written premiums $6.35 billion versus $6.17 billion last year . Q2 combined ratio 93.1 percent versus 90.8 percent last year . Q2 pre-tax net investment income $549 million versus $632 million last year . Q2 catastrophe losses, net of reinsurance $333 million versus $221 million last year . Q2 earnings per share $2.24, Q2 operating earnings per share $2.20; Q2 total revenue $6.79 billion versus $6.71 billion last year . Q2 earnings per share view $2.07, revenue view $6.33 billion -- Thomson Reuters I/B/E/S . Book value per share at quarter-end $85.73 versus $77.51 last year; adjusted book value per share at quarter-end $77.61 versus $73.09 year ago . Q2 underwriting gain $388 million versus $511 million last year .Catastrophe losses in quarter primarily resulted from wind, hail storms in several U.S regions, fort McMurray wildfires in Canada.  Full Article

Travelers files for potential mixed shelf
Friday, 17 Jun 2016 08:11am EDT 

Travelers Companies Inc :Files for potential mixed shelf; size not disclosed - SEC filing.  Full Article

Travelers Companies' Joint Venture with J. Malucelli Completes Acquisition of Majority Interest in Colombian Surety Start-Up
Wednesday, 30 Sep 2015 04:15pm EDT 

Travelers Companies:Says its joint venture with J. Malucelli in Brazil has completed the acquisition of a majority interest in Cardinal Compañía de Seguros, a Colombian start-up surety provider.Says business, which will continue to be based in Bogotá, will now operate under the co-branded name J. Malucelli Travelers. Terms of the transaction were not disclosed.  Full Article

Travelers announces management change
Tuesday, 4 Aug 2015 04:30pm EDT 

Travelers Companies Inc:Announced that Alan D. Schnitzer will succeed Jay S. Fishman as Chief Executive Officer, effective December 1, 2015, and has been appointed to the company's Board of Directors, effective the same date.Fishman will become Executive Chairman following Schnitzer's assumption of the CEO role.  Full Article

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BRIEF-Travelers to redeem certain debentures

* Travelers Companies - will redeem remaining $106.9 million aggregate principal amount of 6.25% fixed-to-floating rate junior subordinated debentures due 2067 Source text for Eikon: Further company coverage: