Travelers Companies (TRV)
Market Price (7/23/2026): $370.33 | Market Cap: $78.0 BilInvestor Relations Sector: Financials | Industry: Property & Casualty Insurance
Travelers Companies (TRV)
Market Price (7/23/2026): $370.33Market Cap: $78.0 BilSector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.5%, FCF Yield is 14% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -114% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 11 Bil, FCF LTM is 11 Bil Stock buyback supportStock Buyback 3Y Total is 7.7 Bil Low stock price volatilityVol 12M is 20% Megatrend and thematic driversMegatrends include AI in Financial Services, Cybersecurity, Electric Vehicles & Autonomous Driving, Sustainable Infrastructure, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Key risksTRV key risks include [1] substantial losses from catastrophic events exacerbated by climate change, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.5%, FCF Yield is 14% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -114% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 11 Bil, FCF LTM is 11 Bil |
| Stock buyback supportStock Buyback 3Y Total is 7.7 Bil |
| Low stock price volatilityVol 12M is 20% |
| Megatrend and thematic driversMegatrends include AI in Financial Services, Cybersecurity, Electric Vehicles & Autonomous Driving, Sustainable Infrastructure, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Key risksTRV key risks include [1] substantial losses from catastrophic events exacerbated by climate change, Show more. |
Qualitative Assessment
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Travelers Companies (TRV) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. Exceptional Fiscal Q1 2026 Earnings Beat Driven by Lower Catastrophe Losses and Increased Investment Income.
The Travelers Companies reported strong results for fiscal Q1 2026 (ended March 31, 2026), with net income rising to $1.71 billion, a significant increase from $395 million in the prior year. Diluted earnings per share (EPS) jumped to $7.78, substantially exceeding analysts' expectations of $6.95 by 10.94%. This robust performance was primarily fueled by a sharp reduction in catastrophe losses, which totaled $761 million compared to $2.27 billion in Q1 2025, and an 8% increase in net investment income to $1.01 billion due to higher yields. The consolidated combined ratio also improved significantly to 88.6% from 102.5% year-over-year.
2. Outstanding Fiscal Q2 2026 Financial Performance with Significant EPS and ROE Surprises.
Travelers delivered an even more impressive fiscal Q2 2026 (ended June 30, 2026) performance, reporting core income of $10.04 per diluted share. This figure significantly surpassed analyst estimates, ranging from $5.31 to $5.41, representing a positive earnings surprise of 89.08%. The company achieved a remarkable core return on equity (ROE) of 24.9%, well above its long-term mid-teens target. Net income surged 46% year-over-year to $2.208 billion, or $10.26 per diluted share. Furthermore, the consolidated combined ratio improved to 83.6% from 90.3% in the prior year quarter, supported by lower catastrophe losses of $518 million pre-tax (down from $927 million in Q2 2025) and a 14% increase in net investment income to $1.07 billion pre-tax.
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Travelers Companies (TRV) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. Exceptional Fiscal Q1 2026 Earnings Beat Driven by Lower Catastrophe Losses and Increased Investment Income.
The Travelers Companies reported strong results for fiscal Q1 2026 (ended March 31, 2026), with net income rising to $1.71 billion, a significant increase from $395 million in the prior year. Diluted earnings per share (EPS) jumped to $7.78, substantially exceeding analysts' expectations of $6.95 by 10.94%. This robust performance was primarily fueled by a sharp reduction in catastrophe losses, which totaled $761 million compared to $2.27 billion in Q1 2025, and an 8% increase in net investment income to $1.01 billion due to higher yields. The consolidated combined ratio also improved significantly to 88.6% from 102.5% year-over-year.
2. Outstanding Fiscal Q2 2026 Financial Performance with Significant EPS and ROE Surprises.
Travelers delivered an even more impressive fiscal Q2 2026 (ended June 30, 2026) performance, reporting core income of $10.04 per diluted share. This figure significantly surpassed analyst estimates, ranging from $5.31 to $5.41, representing a positive earnings surprise of 89.08%. The company achieved a remarkable core return on equity (ROE) of 24.9%, well above its long-term mid-teens target. Net income surged 46% year-over-year to $2.208 billion, or $10.26 per diluted share. Furthermore, the consolidated combined ratio improved to 83.6% from 90.3% in the prior year quarter, supported by lower catastrophe losses of $518 million pre-tax (down from $927 million in Q2 2025) and a 14% increase in net investment income to $1.07 billion pre-tax.
3. Substantial Capital Returns to Shareholders Through Buybacks and Dividend Increase.
The company consistently returned significant capital to shareholders throughout the period. In fiscal Q1 2026, Travelers repurchased $1.80 billion of common shares and increased its regular quarterly cash dividend by 14% to $1.25 per share. Building on this, in fiscal Q2 2026, the company returned over $1.5 billion to shareholders, including $1.311 billion in share repurchases and $266 million in dividends. These actions underscore management's confidence in the company's financial health and ability to generate excess capital, positively influencing investor sentiment.
4. Positive Analyst Revisions and Upgraded Price Targets.
Following the strong earnings reports, several prominent financial analysts updated their ratings and price targets for Travelers Companies, reflecting increased confidence in its outlook. For example, Raymond James raised its price target from $350 to $400 and reiterated a "Strong Buy" rating in July 2026. Truist initiated coverage with a "Buy" rating and a $395 target, citing a strong track record and healthy reserves. Similarly, Cantor Fitzgerald increased its price target from $335 to $360 with an "overweight" rating. These positive revisions contributed to the upward momentum in the stock price.
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Stock Movement Drivers
Fundamental Drivers
The 28.1% change in TRV stock from 3/31/2026 to 7/22/2026 was primarily driven by a 31.6% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 290.47 | 372.08 | 28.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 48,828 | 48,979 | 0.3% |
| Net Income Margin (%) | 12.9% | 17.0% | 31.6% |
| P/E Multiple | 10.2 | 9.4 | -7.2% |
| Shares Outstanding (Mil) | 220 | 210 | 4.5% |
| Cumulative Contribution | 28.1% |
Market Drivers
3/31/2026 to 7/22/2026| Return | Correlation | |
|---|---|---|
| TRV | 28.1% | |
| Market (SPY) | 14.9% | -26.3% |
| Sector (XLF) | 13.5% | 24.7% |
Fundamental Drivers
The 29.3% change in TRV stock from 12/31/2025 to 7/22/2026 was primarily driven by a 39.7% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 287.80 | 372.08 | 29.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 48,409 | 48,979 | 1.2% |
| Net Income Margin (%) | 12.1% | 17.0% | 39.7% |
| P/E Multiple | 11.0 | 9.4 | -14.1% |
| Shares Outstanding (Mil) | 224 | 210 | 6.5% |
| Cumulative Contribution | 29.3% |
Market Drivers
12/31/2025 to 7/22/2026| Return | Correlation | |
|---|---|---|
| TRV | 29.3% | |
| Market (SPY) | 9.9% | -11.8% |
| Sector (XLF) | 2.9% | 28.1% |
Fundamental Drivers
The 41.3% change in TRV stock from 6/30/2025 to 7/22/2026 was primarily driven by a 86.6% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 263.35 | 372.08 | 41.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 47,010 | 48,979 | 4.2% |
| Net Income Margin (%) | 9.1% | 17.0% | 86.6% |
| P/E Multiple | 14.0 | 9.4 | -32.6% |
| Shares Outstanding (Mil) | 227 | 210 | 7.8% |
| Cumulative Contribution | 41.3% |
Market Drivers
6/30/2025 to 7/22/2026| Return | Correlation | |
|---|---|---|
| TRV | 41.3% | |
| Market (SPY) | 22.0% | -2.2% |
| Sector (XLF) | 8.3% | 36.2% |
Fundamental Drivers
The 126.1% change in TRV stock from 6/30/2023 to 7/22/2026 was primarily driven by a 128.9% change in the company's Net Income Margin (%).| (LTM values as of) | 6302023 | 7222026 | Change |
|---|---|---|---|
| Stock Price ($) | 164.58 | 372.08 | 126.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,791 | 48,979 | 29.6% |
| Net Income Margin (%) | 7.4% | 17.0% | 128.9% |
| P/E Multiple | 13.6 | 9.4 | -30.8% |
| Shares Outstanding (Mil) | 232 | 210 | 10.1% |
| Cumulative Contribution | 126.1% |
Market Drivers
6/30/2023 to 7/22/2026| Return | Correlation | |
|---|---|---|
| TRV | 126.1% | |
| Market (SPY) | 74.6% | 23.3% |
| Sector (XLF) | 73.7% | 50.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRV Return | 14% | 22% | 4% | 29% | 22% | 28% | 193% |
| Peers Return | 29% | 17% | 10% | 33% | 14% | 6% | 170% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| TRV Win Rate | 58% | 58% | 58% | 75% | 58% | 57% | |
| Peers Win Rate | 52% | 62% | 62% | 65% | 60% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| TRV Max Drawdown | -10% | -19% | -17% | -12% | -12% | -8% | |
| Peers Max Drawdown | -15% | -19% | -23% | -11% | -16% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PGR, CB, ALL, HIG, AIG. See TRV Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/22/2026 (YTD)
How Low Can It Go
| Event | TRV | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.2% | -6.7% |
| % Gain to Breakeven | 13.9% | 7.1% |
| Time to Breakeven | 264 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.9% | -33.7% |
| % Gain to Breakeven | 63.6% | 50.9% |
| Time to Breakeven | 236 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.5% | -19.2% |
| % Gain to Breakeven | 14.3% | 23.8% |
| Time to Breakeven | 57 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -18.0% | -17.9% |
| % Gain to Breakeven | 22.0% | 21.8% |
| Time to Breakeven | 18 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -42.7% | -53.4% |
| % Gain to Breakeven | 74.6% | 114.4% |
| Time to Breakeven | 384 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -10.4% | -8.6% |
| % Gain to Breakeven | 11.6% | 9.5% |
| Time to Breakeven | 57 days | 47 days |
In The Past
Travelers Companies's stock fell -3.1% during the 2025 US Tariff Shock. Such a loss loss requires a 3.2% gain to breakeven.
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Asset Allocation
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| Event | TRV | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -38.9% | -33.7% |
| % Gain to Breakeven | 63.6% | 50.9% |
| Time to Breakeven | 236 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -42.7% | -53.4% |
| % Gain to Breakeven | 74.6% | 114.4% |
| Time to Breakeven | 384 days | 1085 days |
In The Past
Travelers Companies's stock fell -3.1% during the 2025 US Tariff Shock. Such a loss loss requires a 3.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Travelers Companies (TRV)
The Travelers Companies, Inc. (TRV) is a major insurance provider offering a comprehensive range of commercial and personal property and casualty (P&C) insurance products and services. Operating in the United States and internationally, Travelers helps businesses, government entities, associations, and individuals manage various risks. The company structures its operations into three primary segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
Its Business Insurance segment caters to a diverse clientele, from small to large enterprises, as well as specialized industries like commercial trucking and agriculture. This segment provides a broad spectrum of coverages, including workers' compensation, commercial automobile and property, general liability, professional indemnity, marine, aviation, and even specialized products like kidnap and ransom insurance. The Bond & Specialty Insurance segment focuses on more specialized needs, offering surety, fidelity, and management and professional liability coverages, along with related risk management services.
The Personal Insurance segment addresses the insurance needs of individuals, primarily offering essential property and casualty products like automobile and homeowners insurance. Across all segments, Travelers primarily distributes its products and services through a network of independent agencies and brokers, as well as wholesale agents and program managers for its business clients. Essentially, Travelers plays a crucial role in safeguarding both the operations of diverse businesses and the personal assets of individuals.
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Think of them as a combination of State Farm for your personal car and home, and a specialized insurer like Chubb for businesses of all sizes and unique risks.
They're like Geico or Progressive, but they don't just insure individuals; they also cover everything from a small shop's general liability to a multinational corporation's workers' compensation and specialized bonds.
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- Commercial Property & Casualty Insurance: A comprehensive suite of policies protecting businesses against risks such as property damage, general liability, workers' compensation, commercial auto, professional indemnity, and specialized coverages.
- Surety & Fidelity Bonds: Guarantees the fulfillment of contractual obligations for businesses (surety) and provides protection against losses caused by employee dishonesty (fidelity).
- Management & Professional Liability Insurance: Provides coverage for corporate directors, officers, and professionals against liabilities arising from their roles and services.
- Personal Automobile Insurance: Offers coverage for individuals' personal vehicles against damage, theft, and liability claims.
- Homeowners Insurance: Protects individuals' residences and personal belongings from damage or loss, and includes personal liability coverage.
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Major Customers of The Travelers Companies, Inc. (TRV)
The Travelers Companies, Inc. sells primarily to other companies and organizations through its Business Insurance and Bond & Specialty Insurance segments, though it also serves individuals through its Personal Insurance segment. Due to the diverse nature of its insurance offerings and broad customer base, specific names of major customer companies are not disclosed in the provided information. Instead, Travelers serves various categories of businesses and organizations, which include:
- Small businesses
- Mid-sized businesses
- Large companies
- Government units
- Associations
- Businesses in the commercial trucking industry
- Businesses in agricultural sectors
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Alan D. Schnitzer Chairman and Chief Executive Officer
Alan D. Schnitzer became Chairman and Chief Executive Officer of Travelers in 2017 and 2015, respectively. He joined Travelers in 2007 as Vice Chairman and Chief Legal Officer. Prior to that, he was a partner at the law firm of Simpson Thacher & Bartlett LLP, where he advised corporate clients on various transactions and corporate governance matters, and also served as Travelers' lead outside counsel. He previously held key leadership roles at Travelers, including President of the company's Business Insurance and Bond & Specialty Insurance segments, and led the Financial, Professional and International Insurance segment and the Business and International Insurance segment.
Daniel S. Frey Executive Vice President and Chief Financial Officer
Daniel S. Frey is the Executive Vice President and Chief Financial Officer for Travelers. He joined Travelers in 2003 and has served in various financial management capacities, including Senior Vice President and Chief Financial Officer for the Personal Insurance segment and Chief Financial Officer for the Claim and Field Management organizations. Before joining Travelers, Frey was the Chief Financial Officer for Spalding Sports Worldwide, where he contributed to improving the company's performance and successfully managed the simultaneous sale of three product lines to three different buyers. He also held several finance positions at Duracell International, Inc. and started his career in public accounting at Deloitte & Touche.
Avrohom J. Kess Vice Chairman and Chief Legal Officer
Avrohom J. Kess serves as Vice Chairman and Chief Legal Officer of The Travelers Companies, Inc.
Gregory C. Toczydlowski Executive Vice President and President, Business Insurance
Gregory C. Toczydlowski holds the position of Executive Vice President and President, Business Insurance at Travelers.
Michael F. Klein Executive Vice President and President, Personal Insurance
Michael F. Klein is the Executive Vice President and President, Personal Insurance for Travelers.
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Clear emerging threats for The Travelers Companies (TRV) include:
- The rise of direct-to-consumer digital insurance platforms (insurtechs) that leverage technology (e.g., AI, advanced data analytics, mobile-first applications) to offer insurance products directly to customers, often providing a more streamlined and personalized experience. This model bypasses the independent agencies and brokers that Travelers heavily relies on for distributing its personal and commercial insurance products, similar to how Netflix disrupted Blockbuster's traditional distribution.
- The increasing adoption of embedded insurance solutions, where insurance products are seamlessly integrated into the purchase or use of other goods and services (e.g., car insurance offered at the point of sale for a new vehicle, or home insurance bundled with smart home systems). This approach captures customers at an earlier stage in their buying journey, potentially before they interact with traditional insurance channels like independent agents and brokers, thereby challenging Travelers' established customer acquisition model.
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Addressable Market Sizes for Travelers Companies' Main Products and Services
- Commercial Property & Casualty (P&C) Insurance
- The global P&C insurance market was valued at USD 2.4 trillion in 2024. North America held a 30.2% share of this market in 2023. The U.S. property and casualty insurance market is valued at USD 1.10 trillion in 2025 and is projected to reach USD 1.33 trillion by 2030.
- **U.S. Workers' Compensation Insurance:** The market size of the Workers' Compensation Insurance industry in the United States is $51.2 billion in 2026. Direct premiums written in the U.S. workers' compensation market totaled $57.48 billion in 2024.
- **U.S. Commercial Auto Insurance:** The U.S. commercial auto insurance market was valued at USD 40.45 billion in 2023 and is anticipated to exceed USD 90.41 billion by 2033. U.S. commercial automobile carriers saw direct premiums written increase to $72.18 billion in 2025.
- **Global Commercial Property Insurance:** The global commercial property insurance market size was worth around USD 298 billion in 2023 and is predicted to grow to around USD 621 billion by 2032.
- **Global Marine Insurance:** The global marine insurance market size was valued at USD 35.0 billion in 2024. Another estimate places the global marine insurance premiums at USD 39.92 billion in 2024.
- **Global Aviation Insurance:** The global aviation insurance market size was valued at USD 5.32 billion in 2025 and is predicted to increase to approximately USD 9.66 billion by 2035. North America held a dominant share of the aviation insurance market with 44.90% in 2025.
- Surety & Fidelity Bonds
- **U.S. Surety Bond Market:** The U.S. surety industry writes approximately $7-9 billion in premiums annually in 2026. The U.S. is the largest surety market in the world, accounting for well over half of the estimated $14 billion of bonds that were issued globally in 2021. The global surety market was estimated at USD 19.14 billion in 2024.
- Management and Professional Liability Insurance
- The global professional liability insurance market size is estimated at USD 51.415 billion in 2026 and is expected to rise to USD 69.227 billion by 2035. North America leads this market, with the United States accounting for more than 11 million active policies in 2024.
- Personal Automobile Insurance
- **U.S. Personal Auto Insurance:** Personal motor policies represented USD 359 billion in direct written premiums in 2024. The overall U.S. motor insurance market size is USD 532.45 billion in 2026 and is forecast to reach USD 826.30 billion by 2031. Personal auto insurance premiums were about $318 billion in 2023, representing 35.8% of the entire U.S. property and casualty insurance market.
- Homeowners Insurance
- **U.S. Homeowners Insurance:** The market size of Homeowners' Insurance in the U.S. was $175.1 billion in 2025. It is projected to be USD 184.59 billion in 2026 and reach USD 236.90 billion by 2031. Direct written premiums in the U.S. homeowners insurance market rose to nearly $173.1 billion in 2024.
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The Travelers Companies, Inc. (TRV) is expected to drive future revenue growth over the next two to three years through several key strategies:
-
Disciplined Underwriting and Pricing: Travelers is focused on disciplined pricing and favorable renewal rate changes across its commercial and personal insurance lines. This strategy is expected to contribute to premium growth by reflecting adequate pricing for risk and offsetting inflationary pressures.
-
Growth in Net Investment Income: The company anticipates continued robust growth in net investment income, driven by higher interest rates and an expanding investment portfolio. Travelers projects approximately $3.3 billion in after-tax fixed income net investment income for 2026.
-
Expansion in Specialty Lines, Notably Cyber Insurance: Travelers aims for sustained double-digit premium growth in its cyber insurance offerings through 2025-2026, including benefits from integrations like Corvus, which expands its cyber footprint and risk-scoring capabilities. This is part of a broader strategy of specialty expansion.
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Targeted Growth Initiatives within Business Insurance: The Business Insurance segment is expected to outgrow the market through initiatives such as enhanced quote/bind and agent portal rollouts across most U.S. states in 2024-2025. These efforts are designed to increase market share in specific areas like construction, Excess & Surplus (E&S), and management liability, contributing to broader small-commercial conversion gains.
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Share Repurchases
- In January 2026, the Board of Directors authorized an additional $5.0 billion for share repurchases, supplementing the $2.015 billion remaining from prior authorizations as of December 31, 2025.
- During the fourth quarter of 2025, Travelers repurchased 5.8 million shares at an average price of $285.04 per share, totaling $1.653 billion.
- The company expects to repurchase approximately $1.8 billion in shares during the first quarter of 2026.
Outbound Investments
- On May 27, 2025, Travelers agreed to divest its Canadian personal insurance and the majority of its Canadian commercial insurance operations to Definity Financial Corporation for approximately US$2.4 billion.
- The sale of the Canadian operations was completed on January 2, 2026, with Travelers retaining its Canadian surety business.
Capital Expenditures
- Travelers made a $1.5 billion technology investment and established a partnership with Anthropic to enhance AI capabilities in underwriting and claims.
- This investment supports efficiency gains in claims processing, with over half of all claims now eligible for straight-through processing and 15% more claims handled with advanced digital tools.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 228.19 |
| Mkt Cap | 71.8 |
| Rev LTM | 55,089 |
| Op Inc LTM | - |
| FCF LTM | 11,278 |
| FCF 3Y Avg | 9,084 |
| CFO LTM | 11,367 |
| CFO 3Y Avg | 9,196 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.4% |
| Rev Chg 3Y Avg | 8.7% |
| Rev Chg Q | 4.3% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 19.9% |
| CFO/Rev 3Y Avg | 19.8% |
| FCF/Rev LTM | 19.4% |
| FCF/Rev 3Y Avg | 19.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 71.8 |
| P/S | 1.5 |
| P/Op Inc | - |
| P/EBIT | 7.8 |
| P/E | 10.0 |
| P/CFO | 7.1 |
| Total Yield | 11.9% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 13.8% |
| D/E | 0.1 |
| Net D/E | -0.3 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Business Insurance | 26,018 | 24,657 | 21,861 | 19,589 | 18,609 |
| Personal Insurance | 18,279 | 17,418 | 15,600 | 13,803 | 12,628 |
| Bond & Specialty Insurance | 4,579 | 4,378 | 4,008 | 3,696 | 3,408 |
| Net realized investment gains (losses) | -48 | -30 | -105 | -204 | 171 |
| Total | 48,828 | 46,423 | 41,364 | 36,884 | 34,816 |
| $ Mil | 2008 | 2007 | 2005 | 2003 | 2000 |
|---|---|---|---|---|---|
| Business Insurance | 2,338 | 3,015 | |||
| Financial, Professional & International Insurance | 649 | 675 | |||
| Personal Insurance | 465 | 1,019 | |||
| Commercial | 756 | ||||
| Personal | 775 | ||||
| Specialty | 679 | ||||
| Asset Management | 187 | ||||
| Commercial Lines | 235 | ||||
| Property-Liability Insurance | 889 | ||||
| Specialty Commercial | 288 | ||||
| Commercial Lines Group | 99 | ||||
| Global Healthcare | -244 | ||||
| Global Surety | 51 | ||||
| International | -100 | ||||
| Life Insurance | 53 | ||||
| Other Global Specialty | -9 | ||||
| Property-Liability Investment Operations | 1,467 | ||||
| Reinsurance | -106 | ||||
| Total | 3,452 | 4,709 | 2,210 | 1,599 | 1,211 |
| $ Mil | 2015 | 2014 | 2013 | 2010 | 2009 |
|---|---|---|---|---|---|
| Business and International Insurance | 1,824 | 2,156 | |||
| Personal Insurance | 332 | 379 | 369 | 464 | 422 |
| Bond & Specialty Insurance | 223 | 252 | |||
| Business Insurance | 1,975 | 2,156 | 1,902 | ||
| Financial, Professional & International Insurance | 372 | 439 | 452 | ||
| Total | 2,379 | 2,787 | 2,716 | 3,059 | 2,776 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Business Insurance | 106,084 | 98,311 | 93,565 | 86,522 | 90,353 |
| Personal Insurance | 22,787 | 21,138 | 20,072 | 18,275 | 18,983 |
| Bond & Specialty Insurance | 13,676 | 12,628 | 11,478 | 10,119 | 10,146 |
| Other assets | 1,161 | 1,112 | 863 | 801 | 984 |
| Total | 143,708 | 133,189 | 125,978 | 115,717 | 120,466 |
Price Behavior
| Market Price | $372.08 | |
| Market Cap ($ Bil) | 80.1 | |
| First Trading Date | 07/09/1986 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $316.88 | $294.72 |
| DMA Trend | up | up |
| Distance from DMA | 17.4% | 26.2% |
| 3M | 1YR | |
| Volatility | 27.3% | 20.4% |
| Downside Capture | -170.33 | -43.60 |
| Upside Capture | -32.82 | 6.79 |
| Correlation (SPY) | -35.0% | -4.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.46 | -0.43 | -0.22 | -0.05 | 0.06 | 0.36 |
| Up Beta | 0.73 | 0.75 | 0.49 | 0.47 | 0.50 | 0.51 |
| Down Beta | -0.79 | -0.99 | -1.23 | -0.40 | -0.26 | 0.34 |
| Up Capture | 8% | -17% | 5% | 4% | 12% | 13% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 15 | 22 | 34 | 69 | 131 | 402 |
| Down Capture | -140% | -102% | -87% | -36% | -20% | 35% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 6 | 19 | 29 | 56 | 121 | 346 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRV | |
|---|---|---|---|---|
| TRV | 43.8% | 20.3% | 1.67 | - |
| Sector ETF (XLF) | 8.3% | 14.6% | 0.33 | 34.2% |
| Equity (SPY) | 20.0% | 12.6% | 1.16 | -4.4% |
| Gold (GLD) | 21.2% | 28.1% | 0.67 | -4.7% |
| Commodities (DBC) | 33.0% | 19.1% | 1.36 | -7.9% |
| Real Estate (VNQ) | 13.9% | 14.0% | 0.70 | 37.7% |
| Bitcoin (BTCUSD) | -43.6% | 42.9% | -1.21 | -4.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRV | |
|---|---|---|---|---|
| TRV | 21.6% | 22.2% | 0.83 | - |
| Sector ETF (XLF) | 10.8% | 18.5% | 0.45 | 55.5% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | 33.1% |
| Gold (GLD) | 17.3% | 18.4% | 0.76 | 0.9% |
| Commodities (DBC) | 9.3% | 19.5% | 0.37 | 9.3% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.04 | 35.1% |
| Bitcoin (BTCUSD) | 15.2% | 53.5% | 0.46 | 6.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRV | |
|---|---|---|---|---|
| TRV | 14.6% | 24.6% | 0.57 | - |
| Sector ETF (XLF) | 13.5% | 22.0% | 0.56 | 67.2% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 52.2% |
| Gold (GLD) | 11.5% | 16.1% | 0.58 | 1.8% |
| Commodities (DBC) | 7.1% | 17.9% | 0.31 | 18.8% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 53.5% |
| Bitcoin (BTCUSD) | 58.5% | 66.2% | 0.99 | 8.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/17/2026 | 9.2% | ||
| 4/16/2026 | -0.2% | 0.8% | -0.3% |
| 1/21/2026 | 1.1% | 4.3% | 11.2% |
| 10/16/2025 | -2.9% | -0.4% | 6.7% |
| 7/17/2025 | 3.8% | 5.0% | 6.5% |
| 4/16/2025 | 1.1% | 3.8% | 8.5% |
| 1/22/2025 | 3.2% | 3.9% | 0.9% |
| 10/17/2024 | 9.0% | 5.9% | 5.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 17 |
| # Negative | 9 | 8 | 7 |
| Median Positive | 3.4% | 4.1% | 6.5% |
| Median Negative | -2.9% | -4.2% | -3.9% |
| Max Positive | 9.2% | 8.7% | 20.7% |
| Max Negative | -7.8% | -6.8% | -7.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/17/2026 | 9.2% | ||
| 4/16/2026 | -0.2% | 0.8% | -0.3% |
| 1/21/2026 | 1.1% | 4.3% | 11.2% |
| 10/16/2025 | -2.9% | -0.4% | 6.7% |
| 7/17/2025 | 3.8% | 5.0% | 6.5% |
| 4/16/2025 | 1.1% | 3.8% | 8.5% |
| 1/22/2025 | 3.2% | 3.9% | 0.9% |
| 10/17/2024 | 9.0% | 5.9% | 5.6% |
| 7/19/2024 | -7.8% | -5.2% | -1.8% |
| 4/17/2024 | -7.4% | -3.9% | -3.9% |
| 1/19/2024 | 6.7% | 6.6% | 9.7% |
| 10/18/2023 | -0.7% | -6.8% | 0.1% |
| 7/20/2023 | 1.8% | 2.1% | -4.2% |
| 4/19/2023 | 6.1% | 3.1% | 5.6% |
| 1/24/2023 | 3.7% | 0.8% | -0.1% |
| 10/19/2022 | 4.4% | 5.6% | 8.6% |
| 7/21/2022 | -0.9% | 0.5% | 10.1% |
| 4/19/2022 | -4.9% | -5.8% | -4.2% |
| 1/20/2022 | 3.2% | 4.9% | 6.6% |
| 10/19/2021 | 1.6% | 5.7% | 4.0% |
| 7/20/2021 | -0.1% | -1.6% | 5.1% |
| 4/20/2021 | 0.9% | 0.9% | 1.9% |
| 1/21/2021 | 2.6% | -3.8% | 0.6% |
| 10/20/2020 | 5.6% | 8.7% | 20.7% |
| 7/23/2020 | -3.0% | -4.4% | -7.9% |
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 17 |
| # Negative | 9 | 8 | 7 |
| Median Positive | 3.4% | 4.1% | 6.5% |
| Median Negative | -2.9% | -4.2% | -3.9% |
| Max Positive | 9.2% | 8.7% | 20.7% |
| Max Negative | -7.8% | -6.8% | -7.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/17/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/16/2025 | 10-Q |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/16/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/17/2024 | 10-Q |
| 06/30/2024 | 07/19/2024 | 10-Q |
| 03/31/2024 | 04/17/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/18/2023 | 10-Q |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/19/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 10/19/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/17/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/16/2025 | 10-Q |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/16/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/17/2024 | 10-Q |
| 06/30/2024 | 07/19/2024 | 10-Q |
| 03/31/2024 | 04/17/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/18/2023 | 10-Q |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/19/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 10/19/2022 | 10-Q |
| 06/30/2022 | 07/21/2022 | 10-Q |
| 03/31/2022 | 04/19/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 10/19/2021 | 10-Q |
| 06/30/2021 | 07/20/2021 | 10-Q |
| 03/31/2021 | 04/20/2021 | 10-Q |
| 12/31/2020 | 02/11/2021 | 10-K |
| 09/30/2020 | 10/20/2020 | 10-Q |
| 06/30/2020 | 07/23/2020 | 10-Q |
| 03/31/2020 | 04/21/2020 | 10-Q |
| 12/31/2019 | 02/13/2020 | 10-K |
| 09/30/2019 | 10/22/2019 | 10-Q |
Recent Forward Guidance
Updated 7/18/2026Latest: Q2 2026 Earnings Reported 7/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Expense Ratio | 0.28 | 0.0% | Affirmed | Guidance: 0.28 for 2026 | |||
Prior: Q1 2026 Earnings Reported 4/16/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Expense Ratio | 0.28 | ||||||
Q4 2025 Earnings Reported 1/21/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Share Repurchases | 7.01 Bil | ||||||
Insider Activity
Updated 7/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Klein, Michael Frederick | EVP & President, Personal Ins. | Direct | Sell | 5272026 | 307.65 | 10,000 | 3,076,546 | 13,882,848 | Form |
| 2 | Bessette, Andy F | EVP and Chief Admin Officer | Direct | Sell | 5262026 | 308.11 | 4,255 | 1,311,008 | 7,482,266 | Form |
| 3 | Kess, Avrohom J | Vice Chmn. & Chief Legal Off. | Direct | Sell | 4292026 | 308.78 | 6,735 | 2,079,640 | 15,049,190 | Form |
| 4 | Heyman, William H | Vice Chairman | Direct | Sell | 4292026 | 310.64 | 1,557 | 483,670 | 80,639,624 | Form |
| 5 | Kurtzman, Diane | EVP & Chief HR Officer | Direct | Sell | 4212026 | 303.45 | 2,867 | 869,980 | 1,607,721 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Klein, Michael Frederick | EVP & President, Personal Ins. | Direct | Sell | 5272026 | 307.65 | 10,000 | 3,076,546 | 13,882,848 | Form |
| 2 | Bessette, Andy F | EVP and Chief Admin Officer | Direct | Sell | 5262026 | 308.11 | 4,255 | 1,311,008 | 7,482,266 | Form |
| 3 | Kess, Avrohom J | Vice Chmn. & Chief Legal Off. | Direct | Sell | 4292026 | 308.78 | 6,735 | 2,079,640 | 15,049,190 | Form |
| 4 | Heyman, William H | Vice Chairman | Direct | Sell | 4292026 | 310.64 | 1,557 | 483,670 | 80,639,624 | Form |
| 5 | Kurtzman, Diane | EVP & Chief HR Officer | Direct | Sell | 4212026 | 303.45 | 2,867 | 869,980 | 1,607,721 | Form |
| 6 | Klein, Michael Frederick | EVP & President, Personal Ins. | Direct | Sell | 4212026 | 303.77 | 10,000 | 3,037,691 | 13,707,515 | Form |
| 7 | Klenk, Jeffrey P | EVP & Pres., Bond & Spec. Ins. | Direct | Sell | 4212026 | 305.06 | 6,414 | 1,956,549 | 1,853,332 | Form |
| 8 | Rowland, David Donnay | EVP & Co-Chief Invest. Officer | Direct | Sell | 2272026 | 308.52 | 4,731 | 1,459,604 | 3,232,857 | Form |
| 9 | Olivo, Maria | EVP, ERM & Chief Risk Officer | Direct | Sell | 2272026 | 306.60 | 10,400 | 3,188,588 | 38,245,414 | Form |
| 10 | Munson, Paul E | SVP & Corp. Controller | Direct | Sell | 2262026 | 306.04 | 3,727 | 1,140,611 | 225,043 | Form |
| 11 | Heyman, William H | Vice Chairman | Direct | Sell | 2242026 | 307.44 | 4,000 | 1,229,755 | 79,808,032 | Form |
| 12 | Heyman, William H | Vice Chairman | Direct | Sell | 2242026 | 304.00 | 1,000 | 304,000 | 78,915,360 | Form |
| 13 | Toczydlowski, Gregory C | EVP & President, Business Ins. | Direct | Sell | 2232026 | 299.76 | 12,200 | 3,656,984 | 5,520,444 | Form |
| 14 | Frey, Daniel S | EVP & Chief Financial Officer | Direct | Sell | 2232026 | 299.50 | 8,000 | 2,395,960 | 8,246,579 | Form |
| 15 | Kess, Avrohom J | Vice Chmn & Chief Legal Off | Direct | Sell | 2232026 | 300.44 | 4,756 | 1,428,901 | 15,281,193 | Form |
| 16 | Heyman, William H | Vice Chairman | Direct | Sell | 2192026 | 300.00 | 1,000 | 300,000 | 76,525,660 | Form |
| 17 | Bessette, Andy F | EVP and Chief Admin Officer | Direct | Sell | 2192026 | 297.65 | 6,000 | 1,785,925 | 5,915,751 | Form |
| 18 | Olivo, Maria | EVP, ERM & Chief Risk Officer | Direct | Sell | 2092026 | 300.75 | 10,400 | 3,127,832 | 35,367,406 | Form |
| 19 | Klein, Michael Frederick | EVP & President, Personal Ins. | Direct | Sell | 2092026 | 301.18 | 10,000 | 3,011,783 | 10,131,045 | Form |
| 20 | Heyman, William H | Vice Chairman | Direct | Sell | 2092026 | 303.00 | 1,000 | 303,000 | 77,290,917 | Form |
| 21 | Heyman, William H | Vice Chairman | Direct | Sell | 2092026 | 302.00 | 5,000 | 1,510,000 | 77,035,831 | Form |
| 22 | Schnitzer, Alan D | Chairman and CEO | Direct | Sell | 2052026 | 294.70 | 55,733 | 16,424,517 | 76,719,082 | Form |
| 23 | Klenk, Jeffrey P | EVP & Pres., Bond & Spec. Ins. | Direct | Sell | 1262026 | 279.77 | 16,712 | 4,675,593 | 1,699,715 | Form |
| 24 | Olivo, Maria | EVP, Strat Dev & Pres Intl | Direct | Sell | 12012025 | 295.73 | 8,920 | 2,637,912 | 34,776,709 | Form |
| 25 | Heyman, William H | Vice Chairman | Direct | Sell | 11262025 | 294.50 | 4,000 | 1,178,010 | 75,123,327 | Form |
| 26 | Kurtzman, Diane | EVP & Chief HR Officer | Direct | Sell | 11252025 | 290.00 | 4,805 | 1,393,450 | 1,107,379 | Form |
| 27 | Rowland, David Donnay | EVP & Co-Chief Invest. Officer | Direct | Sell | 11242025 | 290.57 | 5,000 | 1,452,849 | 5,103,099 | Form |
| 28 | Heyman, William H | Vice Chairman | Direct | Sell | 11242025 | 291.50 | 2,000 | 583,000 | 74,357,433 | Form |
| 29 | Heyman, William H | Vice Chairman | Direct | Sell | 11142025 | 289.55 | 1,803 | 522,067 | 73,861,198 | Form |
| 30 | Heyman, William H | Vice Chairman | Direct | Sell | 11142025 | 287.50 | 2,000 | 575,000 | 73,337,091 | Form |
| 31 | Heyman, William H | Vice Chairman | Direct | Sell | 11122025 | 284.69 | 4,000 | 1,138,780 | 72,621,576 | Form |
| 32 | Heyman, William H | Vice Chairman | Direct | Sell | 11122025 | 281.50 | 2,000 | 563,000 | 71,806,578 | Form |
| 33 | Heyman, William H | Vice Chairman | Direct | Sell | 11122025 | 280.00 | 1,000 | 280,000 | 71,423,950 | Form |
| 34 | Frey, Daniel S | EVP & Chief Financial Officer | Direct | Sell | 11072025 | 278.25 | 25,000 | 6,956,255 | 7,493,784 | Form |
| 35 | Klein, Michael Frederick | EVP & President, Personal Ins. | Direct | Sell | 10292025 | 270.73 | 8,572 | 2,320,728 | 9,106,944 | Form |
| 36 | Lefebvre, Mojgan M | EVP & Chief Tech & Ops Officer | Direct | Sell | 8262025 | 277.54 | 16,820 | Form | ||
| 37 | Heyman, William H | Vice Chairman | Direct | Sell | 8262025 | 278.50 | 2,000 | 557,000 | 71,041,321 | Form |
| 38 | Bessette, Andy F | EVP and Chief Admin Officer | Direct | Sell | 8082025 | 264.90 | 7,742 | 2,050,856 | 5,481,199 | Form |
| 39 | Klein, Michael Frederick | EVP & President, Personal Ins. | Direct | Sell | 8052025 | 261.99 | 10,000 | 2,619,855 | 8,812,676 | Form |
| 40 | Toczydlowski, Gregory C | EVP & President, Business Ins. | Direct | Sell | 7222025 | 266.12 | 11,505 | 3,061,752 | 4,900,982 | Form |
Investor Activity (13F)
Updated Jul 23, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| RIT Capital Partners PLC | $29.2 Mil | 7.8% | 12 | TRIM -26.3% | 13F |
| St. James Investment Company, LLC | $19.8 Mil | 3.1% | 22 | TRIM -23.9% | 13F |
| Generali Powszechne Towarzystwo Emerytalne | $5.9 Mil | 1.0% | 28 | Hold | 13F |
| Semper Augustus Investments Group LLC | $5.6 Mil | 0.7% | 44 | Hold | 13F |
| National Mutual Insurance Federation of Agricultural Cooperatives | $14.6 Mil | 0.1% | 41 | Hold | 13F |
| Active Manager |
|---|
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| RIT Capital Partners PLC | $29.2 Mil | 7.8% | 12 | TRIM -26.3% | 13F |
| St. James Investment Company, LLC | $19.8 Mil | 3.1% | 22 | TRIM -23.9% | 13F |
| National Mutual Insurance Federation of Agricultural Cooperatives | $14.6 Mil | 0.1% | 41 | Hold | 13F |
| Generali Powszechne Towarzystwo Emerytalne | $5.9 Mil | 1.0% | 28 | Hold | 13F |
| Semper Augustus Investments Group LLC | $5.6 Mil | 0.7% | 44 | Hold | 13F |
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Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Property & Casualty Insurance Resources |
| Insurance Journal |
| Business Insurance |
| PropertyCasualty360 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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