The Travelers Companies, Inc. has announced its outstanding financial performance for Q4 and the full year of 2024. Net income for the fourth quarter surged to $2.082 billion ($8.96 per diluted share), up 28% from Q4 2023. Similarly, core income rose to $2.126 billion ($9.15 per diluted share), reflecting a 31% year-over-year growth. For the full year, net income reached $5 billion, marking a significant 67% increase compared to 2023, driven by strong growth across all segments.

Key highlights include an improved consolidated combined ratio of 83.2% for Q4 (a 2.6-point improvement from 2023) and net written premiums totaling $10.742 billion for the quarter, up 7% year-over-year. The company achieved record full-year net written premiums of $43.356 billion, an 8% increase, with all segments contributing to this growth. Investment income also increased by 23% for Q4, supporting the company's financial strength.

By business segment, Business Insurance experienced an 8% increase in net written premiums for the year, supported by robust renewal premium changes and retention. Bond & Specialty Insurance achieved 7% growth, while Personal Insurance delivered a substantial turnaround with a $1.249 billion after-tax income for the year, up from a loss in 2023. The segment benefited from a 10.4-point improvement in the combined ratio, driven by better underwriting results and favorable reserve developments.

Travelers ended the year with a book value per share of $122.97 (up 13% from 2023) and an adjusted book value per share of $139.04. The company repurchased $252 million in shares during Q4 and declared a quarterly dividend of $1.05 per share, underscoring its commitment to delivering value to shareholders.

CEO Alan Schnitzer expressed confidence in the company's continued momentum, highlighting its robust financial position and strategic execution across all segments. Travelers remains well-poised for sustained growth in 2025, supported by strong underwriting results, effective investments, and disciplined capital management.