Travelers Q4 EPS Soars 32% While Premiums Reach Record $10.8B
Travelers generated Q4 2025 core income of $11.13 per share, exceeding estimates by 32% as revenues rose 3.2% to $12.4 billion and net written premiums hit a record $10.8 billion. The insurer repurchased 5.8 million shares for $1.65 billion, bolstered by a $5 billion new buyback authorization and a $1.10 dividend.
1. Q4 2025 Financial Results
Travelers posted Q4 core income of $11.13 per share, a 22% year-over-year increase and 32% beat, with revenues up 3.2% to $12.4 billion and net written premiums of $10.8 billion, driven by gains in Business and Bond & Specialty segments. Net investment income rose 10.3% to $1.0 billion, while underwriting gain climbed 21.7% and combined ratio improved 300 basis points to 80.2.
2. Shareholder Returns Enhanced
The company returned $1.89 billion in Q4 through dividends and repurchases, buying back 5.8 million shares for $1.65 billion and declaring a $1.10 quarterly dividend. The board authorized an additional $5 billion in buybacks beyond the $2.01 billion remaining under prior authorization.
3. 2025 Full-Year Metrics
Full-year core income of $27.59 per share advanced 28%, with net written premiums at a record $44.4 billion and an underwriting gain of $3.4 billion. Combined ratio improved 260 basis points to 89.9, return on equity reached 19.4%, and adjusted book value rose 14% to $158.01 per share.