The Travelers Insurance Companies Financial Performance from Time to Time- Historically, the travelers insurance companies/ The Travelers Companies was found in 2004 with the merger between The St. Paul Companies, Inc. and Travelers. Basically the founder of Travelers is James G.Batterson meanwhile St. Paul Fire and Marine Insurance Company was founded by Alexander Wilkin and 16 other St. Paul businessmen.
Along with business development, Travelers has more than 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland. Nowadays, Travelers insurance companies has become one of U.S. largest commercial property casualty insurance and U.S. personal insurance. Based on its products, Travelers companies has some insurance products including Home Insurance, Car Insurance, Renters Insurance, Condo Insurance, Boat and Yacht Insurance, Landlord Insurance, Umbrella Insurance, Jewellery and Valuable Items Coverage, Wedding and Events Insurance, Travel Insurance, Pet Insurance, motorcycle icon, and Affinity Car & Home Program.
The Total Earned Premiums of Travelers Insurance Companies
| Years | Earned Premiums |
|---|---|
| USD ($) Million | |
| 2022 | $ 33,763 |
| 2021 | $ 30,855 |
| 2020 | $ 29,044 |
| 2019 | $ 28,272 |
| 2018 | $ 27,059 |
| 2017 | $ 25,683 |
| 2016 | $ 24,534 |
| 2015 | $ 23,874 |
| 2014 | $ 23,713 |
| 2013 | $ 22,637 |
| 2012 | $ 22,357 |
| 2011 | $ 22,090 |
| 2010 | $ 21,432 |
| Source : Travelers Insurance Companies Annual Report, 2010-2022 | |
The Total earned premium of Travelers Insurance has grown from time to time. It can be seen from Annual Report of Travelers insurances. In 2010, the Earned premium of Travelers insurances in 2010 reached $ 21,432 million. It has increased into $ 33,763 million in 2022. That’s impressive, earned premiums and the highest value in the last 12 years since 2010.
Specifically, the total earned premium of Travelers insurances in 2022 can be analysed into 2 variables i.e., geographical regions and products. Geographically, based on the annual Report in 2022, the main areas of Company’s consolidated direct written premiums came from some states including California 10.4 %, Texas 8.6 %, New York 8.5 %, Florida 4.2 %, Pennsylvania 4.1 %, Illinois 3.8 %, Georgia 3.8 %, New Jersey 3.8 %, and Massachusetts 3.0 %. In 2022, the net written premiums of Travelers can be divided into 3 segments. The business insurance has the biggest value of net written premiums with total value of premiums around $ 17.6 billion, followed by Personal Insurance with $ 14.1 billion, and Bond & Specialty insurance with contribution around $ 3.7 billion.
The Revenue and Net Income of Travelers Insurance Companies
| Years | Revenue | Net Income |
|---|---|---|
| USD ($) Million | USD ($) Million | |
| 2022 | $ 36,884 | $ 2,842 |
| 2021 | $ 34,816 | $ 3,662 |
| 2020 | $ 31,981 | $ 2,697 |
| 2019 | $ 31,581 | $ 2,622 |
| 2018 | $ 30,282 | $ 2,523 |
| 2017 | $ 28,902 | $ 2,056 |
| 2016 | $ 27,625 | $ 3,014 |
| 2015 | $ 26,815 | $ 3,439 |
| 2014 | $ 27,174 | $ 3,692 |
| 2013 | $ 26,191 | $ 3,673 |
| 2012 | $ 25,740 | $ 2,473 |
| 2011 | $ 25,446 | $ 1,426 |
| 2010 | $ 25,112 | $ 3,216 |
| Source : Travelers Insurance Companies Annual Report, 2010-2022 | ||
Based on the business performance of the Travelers insurance, the revenue of the company has positive trend with growth annually. Financially, the revenue of travelers insurance has increased from $ 25,112 million in 2010 into $ 36,884 million in 2022. Furthermore, the net income of the Travelers insurance always in stable conditions. In the year of 2010, the travelers insurance was about $ 3,216 million. In 2022, the net income was about $ 2,842. It slightly decreased if we compare with the net income in 2021 with value around $ 3,662 million. All the data was obtained from Income statement, Annual Reports from 2010 to 2022.
The Assets and Liabilities of Travelers Insurance Companies
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| USD ($) Million | USD ($) Million | USD ($) Million | |
| 2022 | $115,717 | $ 94,157 | $ 21,560 |
| 2021 | $120,466 | $ 91,579 | $ 28,887 |
| 2020 | $116,764 | $ 87,563 | $ 29,201 |
| 2019 | $110,122 | $ 84,179 | $ 25,943 |
| 2018 | $104,233 | $ 81,339 | $ 22,894 |
| 2017 | $ 103,483 | $ 79,752 | $ 23,731 |
| 2016 | $ 100,245 | $ 77,024 | $ 23,221 |
| 2015 | $ 100,184 | $ 76,586 | $ 23,598 |
| 2014 | $ 103,078 | $ 78,242 | $ 24,836 |
| 2013 | $ 103,812 | $ 79,016 | $ 24,796 |
| 2012 | $ 104,938 | $ 79,533 | $ 25,405 |
| 2011 | $ 104,575 | $ 80,098 | $ 24,477 |
| 2010 | $ 105,631 | $ 80,156 | $ 25,475 |
| Source : Travelers Insurance Companies Annual Report, 2010-2022 | |||
Based on the financial positions of the company, The Assets, Liabilities, and Equities are in the stable conditionses. All of the data about assets, liabilities, and equities of the company can be obtained from Balance sheet, Annual Report of Travelers Insurance 2010-2022. Commonly, the assets have grown from $ 105,631 million in 2010 into $ 115,717 million in 2022. Liabilities of the company also grown from $ 80,156 million in 2010 into $ 94,157 in 2022. Meanwhile, net assets / Equities relatively decreased from $ 25,475 million in 2010 into $ 21,560 million in 2022.
Bibliography of The Travelers Insurance Companies Financial Performance from Time to Time
Travelers companies. 2023. Annual Report 2010-2022. Accessed via https://investor.travelers.com/financial-information/annual-reports/default.aspx on July 18th, 2023.
