The Travelers Companies, Inc. Q3 2026 Earnings Recap

Travelers delivered a profitable third quarter, with a 22.1% core return on equity and an 86.8% combined ratio, while net written premiums reached $11.5 billion. Shares rose 0.4% after earnings, a roughly flat reaction.

Key Takeaways

• Core income was $1.95 billion, or $9.18 per diluted share; pretax underwriting income was $1.4 billion.
• The combined ratio improved to 86.8%; the underlying combined ratio was 84.1%.
• After-tax net investment income increased 7% to $908 million.
• Net written premiums grew 4% year over year in Business Insurance excluding the sold Canadian business, and 12% in Bond & Specialty Insurance.
• Travelers returned $1.8 billion to shareholders during the quarter, including $1.5 billion in share repurchases.