Travelers Companies (TRV) financial statements
Travelers Companies reported revenue of $48.8B in fiscal 2025, up 6.5% a year over 9 years.
Net income was $6.3B and the operating margin 16.0%, against 14.7% in 2016.
The diluted share count fell 22% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Travelers Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.6B | $28.9B | $30.3B | $31.6B | $32.0B | $34.8B | $36.9B | $41.4B | $46.4B | $48.8B |
| Selling, general and admin | $4.2B | $4.2B | $4.3B | $4.4B | $4.5B | $4.7B | $4.8B | $5.2B | $5.8B | $6.1B |
| Operating income | $4.1B | $2.7B | $3.0B | $3.1B | $3.2B | $4.5B | $3.4B | $3.4B | $6.2B | $7.8B |
| Interest expense | $363M | $369M | $352M | $344M | $339M | $340M | $351M | $376M | $392M | $425M |
| Pre-tax income | $4.1B | $2.7B | $3.0B | $3.1B | $3.2B | $4.5B | $3.4B | $3.4B | $6.2B | $7.8B |
| Income tax | $1.0B | $674M | $438M | $516M | $540M | $796M | $512M | $380M | $1.2B | $1.5B |
| Net income | $3.0B | $2.1B | $2.5B | $2.6B | $2.7B | $3.7B | $2.8B | $3.0B | $5.0B | $6.3B |
| EPS (diluted) | $10.28 | $7.33 | $9.28 | $9.92 | $10.52 | $14.49 | $11.77 | $12.79 | $21.47 | $27.43 |
| Diluted shares | 291M | 279M | 270M | 262M | 255M | 251M | 240M | 232M | 231M | 228M |
| Operating margin | 14.7% | 9.4% | 9.8% | 9.9% | 10.1% | 12.8% | 9.1% | 8.1% | 13.3% | 16.0% |
| Net margin | 10.9% | 7.1% | 8.3% | 8.3% | 8.4% | 10.5% | 7.7% | 7.2% | 10.8% | 12.9% |
Balance sheet
Fiscal years, from Travelers Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $307M | $344M | $373M | $494M | $721M | $761M | $799M | $650M | $699M | $842M |
| Receivables | $6.7B | $7.1B | $7.5B | $7.9B | $7.8B | $8.1B | $8.9B | $10.3B | $11.1B | $11.0B |
| Goodwill | $3.6B | $4.0B | $3.9B | $4.0B | $4.0B | $4.0B | $4.0B | $4.0B | $4.2B | $4.1B |
| Total assets | $100.2B | $103.5B | $104.2B | $110.1B | $116.8B | $120.5B | $115.7B | $126.0B | $133.2B | $143.7B |
| Total liabilities | $77.0B | $79.8B | $81.3B | $84.2B | $87.6B | $91.6B | $94.2B | $101.1B | $105.3B | $110.8B |
| Shareholders' equity | $23.2B | $23.7B | $22.9B | $25.9B | $29.2B | $28.9B | $21.6B | $24.9B | $27.9B | $32.9B |
| Net debt | $243M | $256M | $227M | $106M | -$621M | -$661M | -$699M | -$550M | -$599M | -$542M |
Cash flow
Fiscal years, from Travelers Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.5B | $4.1B | $4.4B | $5.2B | $6.5B | $7.3B | $6.5B | $7.7B | $9.1B | $10.6B |
| Stock-based compensation | $155M | $136M | $140M | $142M | $148M | $162M | $183M | $214M | $260M | $256M |
| Dividends paid | $757M | $785M | $814M | $844M | $861M | $869M | $875M | $908M | $951M | $979M |
| Share buybacks (net) | -$2.4B | -$1.4B | -$1.3B | -$1.5B | -$625M | -$2.2B | -$2.0B | -$958M | -$1.0B | -$3.0B |
| Net borrowing | -$400M | -$657M | -$600M | -$500M | -$500M | $0 | $0 | — | — | — |
| Dividends per share | $2.60 | $2.82 | $3.02 | $3.22 | $3.38 | $3.46 | $3.65 | $3.91 | $4.12 | $4.30 |
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What was Travelers Companies's revenue in 2025?
$48.8B in fiscal 2025, from its 10-K filing.
From Travelers Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.