TRVTRAVELERS COMPANIES, INC.
Fire, Marine & Casualty Insurance
- Revenue
- $48.8B
- 5.2% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $81.2B
- Employees
- 1,000
- $49M revenue each
- Net debt / EBITDA
- —
- $9.0B net debt
- AI in 10-K
- 2.0
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersYes3 of 5 years3+ of last 5 years
- High CEO pay despite TSRYes$23M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo169% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo3% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$49M · 97th pctBottom quartile of its SIC industry
- Quiet on AINo2.0 per 10K words · 55th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.5× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$81.2B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$171M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $34.8B | $36.9B | $41.4B | $46.4B | $48.8B | 5.2% |
| Net income | $3.7B | $2.8B | $3.0B | $5.0B | $6.3B | 26% |
| Operating cash flow | $7.3B | $6.5B | $7.7B | $9.1B | $10.6B | 17% |
| Stock-based comp | $162M | $183M | $214M | $260M | $256M | 1.5% |
| Buybacks | $2.2B | $2.0B | $958M | $1.0B | $3.0B | 200% |
| Dividends | $869M | $875M | $908M | $951M | $979M | 2.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $171M · 82
- Net
- −$171M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $27M | $56M | 229 | 223 |
| FY2024 | $23M | $61M | 187 | 195 |
| FY2023 | $23M | $28M | 145 | 152 |
| FY2022 | $21M | $50M | 140 | 139 |
| FY2021 | $20M | $37M | 114 | 134 |