Travelers Companies Inc. (NYSE:TRV)Financial
Travelers Companies Inc is an American holding insurance company. The company primarily provides insurance to commercial and personal properties, casualty insurance, and other related services.
The insurance provider manages its operations through different business segments, including business insurance, bond and specialty insurance, personal insurance.
Business Insurance Segment
The firm manages and provides a wide range of insurance services, including property insurance, casualty insurance, and other related insurance services. It caters to insurance markets across North America, Ireland and the United Kingdom, etc.
Bond and Specialty Insurance Segment
The company deals with surety, fidelity, management accountability, professional reliability, risk management, and other casualty insurances through this segment. The surety business is conducted through joint venture arrangement with Brazil-based Junto Holding Brasil S.A. and Junto Holding Latam S.A. in Colombia and Brazil.
Personal Insurance Segment
This segment primarily caters to customers having personal insurance needs. The firm provides various personal insurance plans and policies like automobile insurance, house insurance, and others.
The insurance provider caters to various government bodies, associations, residential and commercial clients.
Traveler is reportedly among the largest insurance firms in the United States. It also deals with the activities related to worker's compensation.
The company has a global presence and claims to generate a majority of revenue from operations in the United States.
Some regions where the firm holds a significant market is the United Kingdom, Ireland, Singapore, Brazil, Canada, China, etc.
The US-based company provides the services through various subsidiaries, independent agents, brokers, etc., across North America, Ireland and select international markets.
Since its inception in 1864 by Hartford businessman James G. Batterson and others, the company underwent several structural changes.
In 2004, St Paul Companies, Inc and Travelers merged to create St Paul Travelers Companies, Inc.
The New-York based company rebranded itself as Travelers Companies Inc in 2007.
The insurance company’s stocks with the symbol ‘TRV’ trade on the New York Stock Exchange and NASDAQ.
In 2009, the company was included in the Dow Jones Industrial Average and is presently among various other market indexes like S&P 500.
The New York-based company launched digital storefront in partnership with Amazon (NASDAQ:AMZN) in 2018.
485 Lexington Avenue New York, NY 10017