Travelers reported third-quarter 2026 net income of $1.917bn, or $9.04 per diluted share. A year earlier, net income was $1.888bn, or $8.24 per share. Core income was $1.947bn, and return on equity was 24.7%. The consolidated combined ratio improved to 86.8% from 87.3%. The underlying combined ratio, which excludes catastrophes and prior-year reserve development, was 84.1%.
Pre-tax catastrophe losses, net of reinsurance, rose to $538m from $402m and added 4.8 points to the combined ratio. All three segments had net favourable prior-year reserve development, $234m pre-tax in total. This figure is after a $295m addition to asbestos reserves.
Net written premiums were flat at $11.48bn. Without the Canadian business that Travelers sold earlier in 2026, they rose 2%. Business Insurance premiums increased 3% to $5.868bn, and the company put renewal premium change in that segment at 4.1%. Bond & Specialty grew 12% to $1.209bn. Personal Insurance premiums decreased 7% to $4.403bn, or 3% without Canada. In that segment, automobile premiums decreased 8% to $1.892bn.
Pre-tax net investment income increased 6% to a record $1.098bn. In the quarter, Travelers bought back 4.0 million of its shares for $1.508bn. Chairman and chief executive Alan Schnitzer said that the company is “well positioned to finish the year strong.”
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The Travelers Companies, Inc. ↗Company · 16 Oct 2026
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