The Travelers Companies, Inc. reported its financial results for the quarter ended September 30, 2026, highlighting a record performance in its investment portfolio and strong underwriting metrics across its business segments.
For the third quarter of 2026, the company reported net income of $1.917 billion, or $9.04 per diluted share. This represents an increase from the $1.888 billion, or $8.24 per diluted share, reported in the prior year quarter. Core income, which excludes realized investment gains and losses, was $1.947 billion, or $9.18 per diluted share, compared to $1.867 billion, or $8.14 per diluted share, in the prior year.
A key driver of the results was the investment portfolio, which generated record net investment income of $1.098 billion pre-tax ($908 million after-tax). This figure represents a 6% increase from the prior year quarter. The company attributed this growth to a higher yield and growth in average invested assets within its long-term fixed income portfolio.
Underwriting performance was also robust. The company reported an underwriting gain of $1.432 billion pre-tax. The consolidated combined ratio improved to 86.8% from 87.3% in the prior year, driven by net favorable prior year reserve development of $234 million pre-tax. The underlying combined ratio remained strong at 84.1%. Net written premiums for the quarter totaled $11.480 billion.
During the quarter, The Travelers Companies returned $1.769 billion of capital to shareholders, consisting of $1.508 billion in share repurchases and $261 million in dividends. The company repurchased 4.0 million shares at an average price of $376.00 per share. As of September 30, 2026, the company had $2.415 billion of remaining capacity under its share repurchase authorization.
Segment results showed growth in net written premiums for the Bond & Specialty Insurance segment, which increased by 12% to $1.2 billion. The Business Insurance segment saw net written premiums of $5.9 billion, up 4% from the prior year, excluding the impact of the sale of Canadian operations. The Personal Insurance segment generated net written premiums of $4.4 billion.
