Travelers Q2 2026 Results Overview
Travelers Companies, Inc. reported second‑quarter 2026 adjusted earnings per share of $10.04, well above the analyst consensus of $5.34. Net income for the quarter was $2.208 billion, or $10.26 per diluted share, compared with $1.509 billion, or $6.53 per diluted share, in the same quarter last year. Net written premiums totaled $11.529 billion, exceeding the $11.26 billion estimate and remaining flat year‑over‑year; when the Canadian operations divested in Q1 2026 are excluded, premiums were up 2% versus the prior‑year quarter.
The consolidated combined ratio improved to 83.6% from 90.3% a year earlier, driven by lower catastrophe losses of $518 million pre‑tax versus $927 million in Q2 2025 and a favorable reserve development of $578 million across all three segments. The underlying combined ratio moved to 84.1% from 84.7% previously. Core income for the quarter was $2.2 billion, or $10.04 per diluted share, and core return on equity was 24.9%, lifting the four‑quarter average to 24.2%.
Net investment income rose 14% year‑over‑year to $883 million after tax, reflecting higher yields and growth in average invested assets. The company returned $1.577 billion to shareholders, including $1.311 billion in share repurchases. Segment‑level performance showed Business Insurance net written premiums of $5.984 billion, up 5% on a comparable basis, with a combined ratio of 86.8%; Bond & Specialty Insurance generated $1.237 billion in premiums, up 14%, and posted an 82.8% combined ratio; Personal Insurance contributed $4.308 billion in premiums and achieved a 79.5% combined ratio.
Shares rose 1.17% in pre‑market trading following the release.