The Travelers Companies, Inc. · NYSE:TRV

The Travelers Companies — Travelers Companies — Investor Presentation (January 2025)

18 slides from The Travelers Companies's investor presentation, Jan 27, 2025

  1. Slide 1: The Travelers Companies, Inc. Investor Presentation January 2025

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  2. Slide 2: Create Shareholder Value: Long-Term Financial Strategy

    CREATE SHAREHOLDER VALUE 2EMHFWLYH 0LG ² 7HHQV&RUH52( 2YHU7LPH LONG - TERM FINANCIAL STRATEGY Meaningful and sustainable competitive advantages Generation of top - tier earnings and capital substantially in excess of growth needs %DODQFHG DSSURDFKWR ULJKWVL]LQJFDSLWDO DQGJURZLQJERRN YDOXHSHUVKDUH RY

  3. Slide 3: Investments designed to position us to grow over time at leading returns

    “The investments that we’re making … are designed, in large part, to position us to grow over time at leading returns .” 2017 Extend our advantage in risk expertise Provide great experiences Improve productivity & efficiency

  4. Slide 4: Technology Investments

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  5. Slide 5: Deliberate and Disciplined Execution

    % $22.4B 28.5% AVG = 31.7% AVG = 91.0% 93.0% $9.1B $3.7B % $1.3B % $69.7B Accelerating NWP Growth Consistently Strong Underlying Profitability 3 ,PSURYHG([SHQVH5DWLR +LJKHU8QGHUO\LQJ8QGHUZULWLQJ,QFRPH Higher Cash Flow From Operations Growing Invested Assets 5 DIWHU WD[ 5 1 Represents growth from 201

  6. Slide 6: Core Income & Core Earnings Per Share 2024 Full Year

    CORE INCOME & CORE EARNINGS PER SHARE 2024 Full Year CORE INCOME versus 2023 Full Year ($ in millions, after - tax) )XOO<HDU $3,072 Core Income $13.13 Core EPS 2024 Full Year +64% yoy $5,025 Core Income +64% yoy $21.58 Core EPS PYD $113 PYD $559 NII $2,436 NII $2,952 CATs $(2,361) CATs $(2,632) Unde

  7. Slide 7: Industry Leading Returns Over Time

    Proprietary and confidential. Do not distribute. 7 INDUSTRY LEADING RETURNS OVER TIME Outperformance relative to peers accompanied by significantly lower volatility Ξ &RQQLQJ ,QF DV SXEOLVKHG LQ &RQQLQJ ͛ Ɛ WƌŽƉĞƌƚLJ Ͳ ĂƐƵĂůƚLJ &ŽƌĞĐĂƐƚ Θ ŶĂůLJƐŝƐ ďLJ >ŝŶĞ ŽĨ /ŶƐƵƌĂŶĐĞ ͕ ϮϬϮϰ Y Ϯ ĞĚŝƟŽŶ ͘ hƐĞĚ ǁŝƚŚ ƉĞƌŵ

  8. Slide 8: Balanced Approach to Capital Management

    Adjusted Book Value 1 Per Share 'LYLGHQGV3HU6KDUH Cumulative Share Buybacks ($ in billions) 8 1 Excludes net unrealized investment gains (losses), net of tax, included in shareholders’ equity %$/$1&('$3352$&+72&$3,7$/0$1$*(0(17 $36.21 $1.01 $4.15

  9. Slide 9: California Wildfires

    9 &$/,)251,$:,/'),5( • Beginning in early January 2025, a series of severe wildfires principally impacting the Pacific Palisades neighborhood and Eaton Canyon area in Southern California were fueled by drought conditions and high winds; the fires were also spread by wind - driven embers, which ignit

  10. Slide 10: Why Travelers? Total Shareholder Return

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  12. Slide 12: Disclosure

    Disclosure In this presentation, we may refer to some non - GAAP financial measures. For a reconciliation of these measures to the most comparable GAAP measures, please see the pages that follow. For a glossary of selected insurance terms, as well as other info rma tion about Travelers, we refer you

  13. Slide 13: Explanatory Note

    (;3/$1$725<127( This presentation contains, and management may make, certain “forward - looking statements” within the meaning of the Private Secu rities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward - looking statemen ts. Words such as “may

  14. Slide 14: Non-GAAP financial measures

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  15. Slide 15: Glossary of Financial Measures and Reconciliations of GAAP Measures to Non-GAAP Measures

    1 Impact is recognized in the accounting period in which the change is enacted 2 2017 reflects impact of Tax Cuts and Jobs Act of 2017 (TCJA) *ORVVDU\RI)LQDQFLDO0HDVXUHVDQG5HFRQFLOLDWLRQVRI*$$3 0HDVXUHVWR1RQ *$$30HDVXUHV ($ in millions, after-tax) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 20

  16. Slide 16: Reconciliation of Book Value Per Share and Shareholders' Equity to Certain Non-GAAP Measures

    RECONCILIATION OF BOOK VALUE PER SHARE AND SHAREHOLDERS’ EQUITY TO CERTAIN NON - GAAP MEASURES Book value per share is total common shareholders’ equity divided by the number of common shares outstanding. Adjusted book value per share is total common shareholders’ equity excluding net unrealized inv

  17. Slide 17: Glossary of Financial Measures and Reconciliations of GAAP Measures to Non-GAAP Measures

    17 *ORVVDU\RI)LQDQFLDO0HDVXUHVDQG5HFRQFLOLDWLRQVRI*$$3 0HDVXUHVWR1RQ *$$30HDVXUHV 2024 2023 Diluted income per share Net income 21.47$ 12.79$ Adjustments: Net realized investment losses, after-tax 0.11 0.34 Core income 21.58$ 13.13$ Twelve Months Ended December 31, RECONCILIATION OF NET INCOME PER S

  18. Slide 18: investor.travelers.com

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