financial statements

The full income statement, balance sheet, and cash-flow statement for The Travelers Companies Inc. (TRV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	48.8B YoY+5.2%	46.4B YoY+12.2%	41.4B YoY+12.1%	36.9B YoY+5.9%	34.8B YoY+8.9%
Selling, general & administrative	6.12B YoY+5.2%	5.82B YoY+12.4%	5.18B YoY+7.6%	4.81B YoY+2.8%	4.68B YoY+3.7%
Amortization of intangibles	20.0M YoY-4.8%	21.0M YoY+75.0%	12.0M YoY-7.7%	13.0M YoY-7.1%	14.0M YoY+0.0%
Interest expense	425M YoY+8.4%	392M YoY+4.3%	376M YoY+7.1%	351M YoY+3.2%	340M YoY+0.3%
Equity-method income	226M YoY-23.1%	294M YoY+87.3%	157M YoY-53.3%	336M YoY-66.2%	993M YoY+663.8%
Pre-tax income	7.80B YoY+26.1%	6.18B YoY+83.3%	3.37B YoY+0.5%	3.35B YoY-24.8%	4.46B YoY+37.7%
Income tax	1.51B YoY+27.7%	1.18B YoY+210.8%	380M YoY-25.8%	512M YoY-35.7%	796M YoY+47.4%
	6.29B YoY+25.8%	5.00B YoY+67.1%	2.99B YoY+5.2%	2.84B YoY-22.4%	3.66B YoY+35.8%
Net income to common	6.24B YoY+25.8%	4.96B YoY+67.1%	2.97B YoY+5.2%	2.82B YoY-22.4%	3.63B YoY+35.7%
	$27.43 YoY+27.8%	$21.47 YoY+67.9%	$12.79 YoY+8.7%	$11.77 YoY-18.8%	$14.49 YoY+37.7%
EPS (basic)	$27.83 YoY+27.9%	$21.76 YoY+68.3%	$12.93 YoY+8.6%	$11.91 YoY-18.6%	$14.63 YoY+38.5%
Weighted-avg shares (basic)	224M YoY-1.7%	228M YoY-0.7%	230M YoY-3.1%	237M YoY-4.6%	249M YoY-2.0%
Weighted-avg shares (diluted)	228M YoY-1.5%	231M YoY-0.5%	232M YoY-3.1%	240M YoY-4.4%	251M YoY-1.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	842M YoY+20.5%	699M YoY+7.5%	650M YoY-18.6%	799M YoY+5.0%	761M YoY+5.5%
	144B YoY+7.9%	133B YoY+5.7%	126B YoY+8.9%	116B YoY-3.9%	120B YoY+3.2%
Goodwill	4.07B YoY-3.9%	4.23B YoY+6.5%	3.98B YoY+0.6%	3.95B YoY-1.4%	4.01B YoY+0.8%
Intangible assets	336M YoY-6.7%	360M YoY+30.0%	277M YoY-3.5%	287M YoY-6.2%	306M YoY-3.5%
Deferred tax assets	887M YoY-49.7%	1.76B YoY+17.2%	1.50B YoY-19.9%	1.88B	0.00 YoY-100.0%
Short-term & current debt	300M YoY+200.0%	100M YoY+0.0%	100M YoY+0.0%	100M YoY+0.0%	100M YoY+0.0%
	111B YoY+5.2%	105B YoY+4.2%	101B YoY+7.3%	94.2B YoY+2.8%	91.6B YoY+4.6%
Long-term debt	5.86B YoY+0.0%	5.86B YoY+0.0%	5.86B YoY+0.0%	5.86B YoY+0.0%	5.86B YoY+0.0%
Deferred tax liabilities	0.00	0.00	0.00	0.00 YoY-100.0%	289M YoY-48.2%
	32.9B YoY+18.1%	27.9B YoY+11.8%	24.9B YoY+15.6%	21.6B YoY-25.4%	28.9B YoY-1.1%
Preferred stock	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%
Common stock	19.4B YoY+0.0%	19.4B YoY+0.0%	19.4B YoY+0.0%	19.4B YoY+0.0%	19.4B YoY+0.0%
Additional paid-in capital	0.00	0.00	0.00	0.00	0.00
Retained earnings	54.9B YoY+10.7%	49.6B YoY+8.9%	45.6B YoY+4.8%	43.5B YoY+4.7%	41.6B YoY+7.2%
Treasury stock	45.4B YoY+7.6%	42.3B YoY+2.8%	41.1B YoY+2.6%	40.1B YoY+5.4%	38.0B YoY+6.1%
Accumulated other comprehensive income	-2.50B YoY+49.7%	-4.97B YoY-11.1%	-4.47B YoY+30.6%	-6.45B YoY-640.2%	1.19B YoY-52.3%
Total equity incl. non-controlling	24.0B YoY+0.0%	24.0B YoY+0.0%	24.0B YoY+0.0%	24.0B YoY+0.0%	24.0B YoY+0.0%
Total liabilities & equity	144B YoY+7.9%	133B YoY+5.7%	126B YoY+8.9%	116B YoY-3.9%	120B YoY+3.2%
Common shares outstanding	218M YoY-4.0%	227M YoY-0.7%	228M YoY-1.7%	232M YoY-3.8%	241M YoY-4.4%
Shares outstanding (cover)	223M YoY-1.7%	227M YoY-0.6%	228M YoY-2.5%	234M YoY-4.7%	246M YoY-2.9%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	10.6B YoY+16.9%	9.07B YoY+17.7%	7.71B YoY+19.3%	6.46B YoY-11.1%	7.27B YoY+11.6%
Depreciation & amortization	680M YoY-4.9%	715M YoY-1.0%	722M YoY-12.6%	826M YoY-5.1%	870M YoY+10.3%
Deferred income taxes	231M YoY+249.0%	-155M YoY-25.0%	-124M YoY+45.9%	-229M YoY-457.8%	64.0M YoY+306.5%
Other operating activities	81.0M YoY-85.4%	556M YoY-14.1%	647M YoY+1337.8%	45.0M YoY-94.0%	750M YoY+481.4%
	-7.65B YoY-5.3%	-7.26B YoY-6.5%	-6.82B YoY-83.0%	-3.73B YoY+28.3%	-5.20B YoY-6.2%
Acquisitions	0.00 YoY-100.0%	382M	0.00 YoY-100.0%	4.00M YoY-89.5%	38.0M
Sales/maturities of investments	11.7B YoY+36.6%	8.54B YoY+34.0%	6.37B YoY-6.8%	6.84B YoY-22.8%	8.85B YoY+19.8%
Other investing activities	533M YoY+30.6%	408M YoY-11.7%	462M YoY+20.0%	385M YoY+38.0%	279M YoY-15.5%
	-2.66B YoY-52.4%	-1.75B YoY-66.2%	-1.05B YoY+60.6%	-2.67B YoY-31.0%	-2.04B YoY-43.9%
Common stock repurchased	3.00B YoY+199.5%	1.00B YoY+4.7%	958M YoY-52.1%	2.00B YoY-7.2%	2.16B YoY+245.0%
Dividends paid	979M YoY+2.9%	951M YoY+4.7%	908M YoY+3.8%	875M YoY+0.7%	869M YoY+0.9%
FX effect on cash	—	—	—	-30.0M YoY-2900.0%	-1.00M YoY-106.3%
Net change in cash	314M YoY+540.8%	49.0M YoY+132.9%	-149M YoY-492.1%	38.0M YoY-5.0%	40.0M YoY-82.4%
Interest paid	393M YoY+0.8%	390M YoY+5.4%	370M YoY+6.0%	349M YoY+3.6%	337M YoY-0.6%
Income taxes paid	1.27B YoY-2.7%	1.31B YoY+551.7%	201M YoY-75.4%	817M YoY+15.6%	707M YoY+22.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	64.7B YoY+18.3%	54.7B YoY+25.7%	43.5B YoY-1.0%	43.9B YoY+14.2%	38.5B YoY+8.2%
P/E	10.3× YoY-5.9%	10.9× YoY-45.2%	20.0× YoY+50.6%	13.3× YoY+26.2%	10.5× YoY-20.3%
P/S	1.3× YoY+12.5%	1.2× YoY+8.2%	1.1× YoY-11.3%	1.2× YoY+11.0%	1.1× YoY-0.6%
P/B	2.0× YoY+0.2%	2.0× YoY-10.1%	2.2× YoY-2.3%	2.2× YoY+67.8%	1.3× YoY+9.4%
P/FCF	6.1× YoY+1.2%	6.0× YoY-4.0%	6.3× YoY-3.8%	6.5× YoY+23.4%	5.3× YoY-3.0%
Earnings yield	9.7% YoY+6.3%	9.1% YoY+82.5%	5.0% YoY-33.6%	7.5% YoY-20.7%	9.5% YoY+25.5%
FCF yield	16.4% YoY-1.2%	16.6% YoY+4.2%	15.9% YoY+4.0%	15.3% YoY-18.9%	18.9% YoY+3.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: TRV's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TRV filings on SEC EDGAR → Not investment advice.

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financial statements