TRV

Kinsale Capital Group, Inc. KNSL reported third-quarter 2026 net operating earnings of $5.70 per share, which surpassed the Zacks Consensus Estimate by 15.15%. The bottom line increased 9.4% year over year. Total revenues declined 8.6% year over year to $454.8 million, missing the Zacks Consensus Estimate by 5.02%. The quarterly results benefited from higher net earned premiums, increased net investment income and favorable prior-year reserve development. However, these gains were partially offset by lower gross written premiums, higher underwriting expenses and investment-related losses. Kinsale Capital Group, Inc. price-consensus-eps-surprise-chart | Kinsale Capital Group, Inc. Quote Gross written premiums decreased 4.8% year over year to $462.9 million, primarily due to heightened competition in the property divisions. Net written premiums declined 1.5% year over year to $$399.1 million. Net investment income increased 17.5% year over year to $58.3 million. The increase was primarily driven by growth in the company's investment portfolio, supported by the investment of strong operating cash flows. However, net investment income missed the Zacks Consensus Estimate by 2.7%. Total expenses increased 3.9% year over year to $331.2 million. This was primarily due to higher underwriting, acquisition and insurance expenses, interest expense and other operating expenses. Our model estimate was pegged at $341 million. Kinsale Capital's underwriting income was $107.1 million, up 1.3% year over year. The increase was driven by growth in net earned premiums and higher favorable development of loss reserves from prior accident years, partially offset by lower ceding commissions. Underwriting income surpassed our model estimate of $74 million. The combined ratio deteriorated 50 basis points (bps) year over year to 75.4% compared with the Zacks Consensus Estimate of 75.3. The loss ratio improved 50 bps to 53.4%, reflecting favorable reserve development. However, the expense ratio deteriorated 100 bps year over year to 22%, primarily due to lower ceding commissions. Kinsale Capital exited the third quarter of 2026 with cash and cash equivalents of $160.5 million, down 1.7% from the 2025-end level. As of Sept. 30, 2026, stockholders' equity decreased 2.1% from the 2025-end level to approximately $1.92 billion. Book value per share was $85.25, up 0.7% from the 2025-end level. Annualized operating return on equity deteriorated 100 bps year over year to 26% in the reported quarter. KNSL repurchased 0.27 million shares for $100 million in the third quarter of 2026. As of Sept. 30, 2026, the company had $237.5 million remaining under its share repurchase authorization. KNSL paid a cash dividend of 25 cents per share in the third quarter of 2026. KNSL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Chubb Limited CB reported third-quarter 2026 core operating earnings of $7.66 per share, which beat the Zacks Consensus Estimate of $6.53 by 17.3%. The bottom line increased 0.8% year over year. Revenues of $16.81 billion surpassed the consensus mark of $16.7 billion by 0.6%. Consolidated net premiums written increased 1.9% year over year to $15.14 billion, or 1.8% in constant dollars. The Zacks Consensus estimate is pegged at $15.11 billion. P&C underwriting income declined 8.8% year over year to $2.06 billion. The combined ratio deteriorated 230 basis points to 84.1%, reflecting higher catastrophe losses and weaker underwriting margins in certain commercial businesses. The Zacks Consensus Estimate is pegged at 87. The Travelers Companies, Inc. TRV reported third-quarter 2026 core earnings of $9.18 per share, which beat the Zacks Consensus Estimate of $7.07 by 29.8%. The bottom line increased 12.8% year over year. Revenues of $12.45 billion surpassed the consensus estimate of $12.40 billion by 0.4% and remained nearly flat year over year. TRV's combined ratio improved 50 basis points year over year to 86.8%, reflecting stronger reserve development, partially offset by higher catastrophe losses. The underlying combined ratio deteriorated 20 basis points to 84.1%, while underlying underwriting income reached $1.74 billion pre-tax. The Zacks Consensus Estimate for combined ratio was pegged at 92. W.R. Berkley Corporation WRB reported third-quarter 2026 operating income of $1.17 per share, which beat the Zacks Consensus Estimate by 2.63%. The bottom line increased 6.4% year over year. Operating revenues of $3.76 billion rose 1.8% year over year but missed the consensus estimate by 1.19%. W.R. Berkley's net premiums written increased 1.3% year over year to $3.27 billion, driven by growth in the Insurance segment. The combined ratio, a measure of underwriting profitability, improved 10 bps to 90.8%. Our estimate was pegged at 92.8%, while the Zacks Consensus Estimate was pegged at 90.95%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Chubb Limited (CB) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Universal Insurance Holdings UVE delivered adjusted earnings of $1.93 per share for the third quarter of 2026, which increased 41.9% year over year. Earnings beat the Zacks Consensus Estimate of $1.34 by 44%. Total revenues increased 9.6% year over year to $0.43 billion, surpassing the consensus estimate of $0.38 billion by 13.2%, based on rounded figures. The upside reflected improved underwriting results, higher net premiums earned and stronger investment income. Direct premiums written rose 2.7% to $608.9 million. UNIVERSAL INSURANCE HOLDINGS INC price-consensus-eps-surprise-chart | UNIVERSAL INSURANCE HOLDINGS INC Quote Direct premiums written in Florida declined 3.3% year over year to $414.4 million. The contraction in Universal's largest market partly offset the expansion across its broader geographic footprint. Direct premiums written in other states climbed 18.5% to $194.5 million, reflecting continued growth outside Florida. Total policies in force advanced 7.9% to 953,611, while premiums in force increased 4.4% to $2.23 billion. The net loss ratio improved 560 basis points year over year to 64.6%. Management attributed the improvement primarily to a lower ceded premium ratio, reflecting changes in the company's reinsurance arrangements. The net expense ratio deteriorated 20 basis points to 26.4%. Higher policy acquisition costs associated with growth outside Florida and increased operating expenses drove the deterioration, partly offset by a lower ceded premium ratio. The improvement in the loss ratio more than absorbed the expense pressure, bringing the net combined ratio down 540 basis points to 91%. Net premiums earned rose 12.1% year over year to $403.2 million, supported by higher direct premiums earned and a lower ceded premium ratio. Direct premiums earned increased 4.2% to $556.7 million, reflecting premium growth generated over the preceding 12 months. The ceded premium ratio declined to 27.6% from 32.7% a year earlier, primarily reflecting Universal's new reinsurance program, which took effect on June 1, 2026. Core revenues, which exclude realized and unrealized investment movements, increased 11.1% to $444.3 million. Net investment income increased 17.1% year over year to $21.5 million from $18.3 million. Higher invested assets and stronger fixed-income reinvestment yields supported the improvement. Commissions, policy fees and other revenues moved in the opposite direction, declining 10.8% to $19.6 million. The decrease primarily reflected the company's new reinsurance program. Total invested assets were $1.61 billion at quarter-end compared with $1.53 billion at the end of 2025. Adjusted net income available to common stockholders climbed 43.9% year over year to $56.3 million. Management attributed the improvement primarily to stronger underwriting performance and higher net investment income. Adjusted operating income surged 44.5% to $77.2 million. Adjusted operating income margin expanded 400 basis points to 17.4%, reflecting the lower net combined ratio. On a GAAP basis, operating income increased 32.8% to $72.2 million, while operating margin improved to 16.4% from 13.6%. Book value per share increased 32.4% year over year to $23.37. Adjusted book value per share rose 38.2% to $25.90, while annualized adjusted return on common equity improved 170 basis points to 32.3%. UVE repurchased approximately 174,000 shares for an aggregate $7.4 million during the quarter. About $1.1 million remained under its existing share repurchase authorization. The board also declared a quarterly cash dividend of 16 cents per share, paid on Aug. 7, 2026, to shareholders of record as of July 31. Total stockholders' equity increased to $646 million from $551 million at the end of 2025. Cash and cash equivalents rose to $569.5 million from $408.9 million, strengthening the company's liquidity position. Universal also reported that Hurricane Isaias made landfall in Florida after the quarter ended. Management said claims activity related to the storm had been less significant than initially anticipated, following the deployment of adjusters to affected communities. UVE currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Chubb Limited CB reported third-quarter 2026 core operating earnings of $7.66 per share, which beat the Zacks Consensus Estimate of $6.53 by 17.3%. The bottom line increased 0.8% year over year. Revenues of $16.81 billion surpassed the consensus mark of $16.72 billion by 0.55%. Consolidated net premiums earned rose 3.9% year over year to $14.92 billion. P&C underwriting income declined 8.8% year over year to $2.06 billion. The combined ratio deteriorated 230 basis points to 84.1%. The Zacks Consensus Estimate is pegged at 87. W.R. Berkley Corporation WRB reported third-quarter 2026 operating income of $1.17 per share, which beat the Zacks Consensus Estimate by 2.63%. The bottom line increased 6.4% year over year. Operating revenues of $3.76 billion rose 1.8% year over year but missed the consensus estimate by 1.19%. Net premiums earned jumped 1.8% year over year. W.R. Berkley's net premiums written increased 1.3% year over year to $3.27 billion. Net investment income grew 9.2% year over year to $383.5 million, supported by higher income from the core investment portfolio. Income from fixed-maturity securities increased 10.3%, while the core portfolio contributed $369.1 million, up 12% year over year. The Zacks Consensus Estimate was pegged at $398.2 million. Our estimate was pegged at $384.3 billion. The Travelers Companies, Inc. TRV reported third-quarter 2026 core earnings of $9.18 per share, which beat the Zacks Consensus Estimate of $7.07 by 29.8%. The bottom line increased 12.8% year over year. Revenues of $12.45 billion surpassed the consensus estimate of $12.40 billion by 0.4% and remained nearly flat year over year. Net written premiums totaled $11.48 billion during the quarter. Travelers generated core income of $1.95 billion, up 4.3% year over year, while net income increased 1.5% to $1.92 billion. Net favorable prior-year reserve development increased to $234 million pre-tax from $22 million in the year-ago quarter. Catastrophe losses widened to $538 million pre-tax from $402 million. The combined ratio improved 50 basis points year over year to 86.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Chubb Limited (CB) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Globe Life Inc. GL reported third-quarter 2026 net operating income of $4.84 per share, which missed the Zacks Consensus Estimate of $4.87 by 0.6%. The bottom line, however, rose 0.6% year over year, driven by higher excess investment income and a lower diluted share count. The quarter witnessed higher premium revenues and increased investment income. However, lower insurance underwriting income and rising expenses weighed on results. Globe Life Inc. price-consensus-eps-surprise-chart | Globe Life Inc. Quote Total premium revenues increased 6.5% year over year to $1.31 billion. Life insurance premiums rose 2.4% to $864.6 million, while health insurance premiums climbed 15.6% to $446.9 million, reflecting particularly strong growth at United American. Operating revenues increased 5.5% year over year to $1.61 billion, driven by higher premium income and net investment income. The top line missed the Zacks Consensus Estimate by 0.8%. Net investment income increased 3.5% year over year to $295.9 million. Excess investment income, a key profitability measure, increased 2.9% to $37.9 million, despite higher required interest on policy liabilities. Insurance underwriting income decreased 4.2% year over year to $481.8 million. Life underwriting margin declined 4.9% to $458.2 million, while health underwriting margin increased 6.7% to $115.6 million. Administrative expenses increased 6% year over year to $95.2 million. Total benefits and expenses increased 11.5% year over year to $1.15 billion, primarily due to higher policyholder benefits, amortization of deferred acquisition costs, commissions, premium taxes, acquisition costs and other operating expenses. These increases outpaced revenue growth and pressured profitability. Life insurance premium growth was led by the American Income division, where premiums increased 4% year over year to $470.4 million. Liberty National premiums rose 4% to $102 million, while Direct to Consumer premiums slipped 1% to $243.1 million. Overall life net sales decreased 1% to $149.1 million. Direct to Consumer sales declined 12%, while Liberty National sales increased 7%. American Income life net sales remained largely unchanged. Health insurance continued to deliver stronger premium growth. United American health premiums rose 29% year over year to $219.3 million, while Family Heritage premiums increased 8% to $128.6 million. Direct-to-consumer health premiums advanced 9%. Total health net sales increased 32% to $94.1 million, supported by a 95% increase at United American. However, United American recorded an underwriting loss of $6.4 million, compared with income of $16.1 million a year earlier, reflecting losses at Evry and excess Medicare Supplement claims. Book value per share increased 22.8% year over year to $85.35. Excluding accumulated other comprehensive income (AOCI), book value per share increased 10.7% to $103.62. Net income return on equity was 19.7% for the first nine months of 2026, down from 21.9% in the year-ago period. Net operating income return on equity, excluding AOCI, was 15.9%, compared with 16.6% a year earlier. During the reported quarter, Globe Life repurchased 1.1 million shares for $185 million at an average price of $175.61 per share. The company now expects full-year repurchases of $725 million to $775 million, up from its previous projection of $670 million to $700 million. Globe Life adjusted its full-year 2026 net operating income guidance to a range of $15.35-$15.65 per share, citing adverse results at its United American General Agency division. For 2027, Globe Life projects net operating income of $16.10-$17.10 per share, representing a 7.1% increase at the midpoint. Globe Life currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Progressive Corporation's PGR third-quarter 2026 earnings per share (EPS) of $4.60 beat the Zacks Consensus Estimate by 3.1%. The bottom line increased 13.6% year over year. PGR's net premiums written were $22.3 billion in the quarter, up 4% from $21.4 billion a year ago. Combined ratio improved 80 basis points from the prior-year quarter's level to 88.7. The Zacks Consensus Estimate was pegged at 89.4. The Travelers Companies, Inc. TRV reported third-quarter 2026 core earnings of $9.18 per share, which beat the Zacks Consensus Estimate of $7.07 by 29.8%. The bottom line increased 12.8% year over year. Revenues of $12.45 billion surpassed the consensus estimate of $12.40 billion by 0.4% and remained nearly flat year over year. TRV's combined ratio improved 50 basis points year over year to 86.8%, reflecting stronger reserve development, partially offset by higher catastrophe losses. The underlying combined ratio deteriorated 20 basis points to 84.1%, while underlying underwriting income reached $1.74 billion pre-tax. The Zacks Consensus Estimate for combined ratio was pegged at 92. W.R. Berkley Corporation WRB reported third-quarter 2026 operating income of $1.17 per share, which beat the Zacks Consensus Estimate by 2.63%. The bottom line increased 6.4% year over year. Operating revenues of $3.76 billion rose 1.8% year over year but missed the consensus estimate by 1.19%. W.R. Berkley's net premiums written increased 1.3% year over year to $3.27 billion, driven by growth in the Insurance segment. The combined ratio, a measure of underwriting profitability, improved 10 bps to 90.8%. Our estimate was pegged at 92.8%, while the Zacks Consensus Estimate was pegged at 90.95%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Globe Life Inc. (GL) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Chubb Limited CB reported third-quarter 2026 core operating earnings of $7.66 per share, which beat the Zacks Consensus Estimate of $6.53 by 17.3%. The bottom line increased 0.8% year over year. Revenues of $16.81 billion surpassed the consensus mark of $16.72 billion by 0.55%. Record investment income and higher life insurance income supported results, while increased catastrophe losses weighed on underwriting profitability. Consolidated net premiums earned rose 3.9% year over year to $14.92 billion. P&C underwriting income declined 8.8% year over year to $2.06 billion. The combined ratio deteriorated 230 basis points to 84.1%, reflecting higher catastrophe losses and weaker underwriting margins in certain commercial businesses. The Zacks Consensus Estimate is pegged at 87. Current accident year underwriting income, excluding catastrophe losses, increased 3.3% to $2.26 billion. The corresponding combined ratio deteriorated 10 basis points to 82.6%, indicating relatively stable underlying underwriting profitability despite more competitive market conditions. Chubb Limited price-consensus-eps-surprise-chart | Chubb Limited Quote Pre-tax net catastrophe losses increased to $705 million from $285 million in the year-ago quarter. The higher catastrophe burden contributed to the decline in reported underwriting income despite growth in underlying underwriting profits. Favorable prior-period reserve development increased to $511 million from $361 million. This provided some relief against catastrophe losses, while management maintained its underwriting discipline amid increasing competition in commercial P&C insurance, particularly in the United States and London. Consolidated net premiums written increased 1.9% year over year to $15.14 billion, or 1.8% in constant dollars. The Zacks Consensus estimate is pegged at $15.11 billion. Our estimate is pegged at $15.4 billion. P&C net premiums written advanced 1.9% to $13.18 billion, reflecting contributions from personal insurance, agriculture and overseas operations. Global P&C net premiums written, excluding agriculture, increased 1.5% to $11.65 billion. The corresponding underwriting income declined 8.9% to $1.89 billion, while the combined ratio deteriorated 240 basis points to 83.4%. The results reflected continued premium expansion alongside pressure on reported underwriting profitability. North America Commercial P&C net premiums written declined 2.7% to $5.51 billion. Our estimate is pegged at $5.8 billion. The Zacks Consensus Estimate is pegged at $5.7 billion. Major accounts and excess and surplus wholesale premiums fell 5% to $3.21 billion, reflecting underwriting-related exposure reductions and additional reinsurance. Middle-market and small commercial premiums increased 0.8% to $2.30 billion. North America Personal P&C premiums rose 5.3% to $1.91 billion (our estimate is pegged at $2 billion, the Zacks Consensus Estimate is pegged at $1.9 billion), while the combined ratio improved 480 basis points to 60.3%. Agricultural premiums increased 5.1% to $1.53 billion (our estimate is pegged at $1.6 billion, the Zacks Consensus Estimate is pegged at $1.5 billion), although the segment's combined ratio deteriorated 130 basis points to 89.3%. Commercial P&C's combined ratio increased 480 basis points to 86.3%. Overseas General Insurance net premiums written increased 6.7% year over year to $3.94 billion (our estimate is pegged at $3.8 billion), or 5.2% in constant dollars. Commercial P&C premiums advanced 6.3% to $2.25 billion, while consumer P&C premiums increased 7.2% to $1.70 billion. Latin America, Asia and Europe recorded premium growth of 11.7%, 7.5% and 6.8%, respectively. However, the segment's combined ratio deteriorated 310 basis points to 86.4%, primarily reflecting higher catastrophe losses and acquisition expenses, partly offset by favorable reserve development and an improved underlying loss ratio. Pre-tax net investment income increased 8.6% year over year to a record $1.79 billion. Adjusted net investment income advanced 6.3% to a record $1.89 billion, benefiting from rising interest rates and favorable fixed-income investment conditions. The Life Insurance segment income increased 11.4% to $369 million. Net premiums written rose 1.4% to $1.96 billion, while premiums written and deposits collected advanced 15.2% to $2.80 billion. International life insurance premiums and deposits collected increased 15.7% to $2.44 billion, supporting growth in the business. Operating cash flow reached a record $6.07 billion, while adjusted operating cash flow totaled a record $5.55 billion. The strong cash generation supported shareholder distributions during the quarter. Chubb returned $1.57 billion to its shareholders, comprising share repurchases of $1.18 billion at an average price of $344.32 per share and dividends of $393 million. Total capital returned during the first nine months of 2026 reached $4.47 billion. Book value per share was $191.43 as of Sept. 30, 2026, up 5.1% year over year. Tangible book value per share increased 5.7% to $126.96. Investment portfolio valuation losses pressured reported book value during the quarter. Excluding accumulated other comprehensive income, tangible book value per share increased 15.4% year over year to $150.70. Annualized core operating return on tangible equity was 21.6%, while annualized core operating return on equity was 14.9%. Total invested assets stood at $175.52 billion. Chubb currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Progressive Corporation's PGR third-quarter 2026 earnings per share of $4.60 beat the Zacks Consensus Estimate by 3.1%. The bottom line increased 13.6% year over year. PGR's net premiums written were $22.3 billion in the quarter, up 4% from $21.4 billion a year ago. Combined ratio improved 80 basis points from the prior-year quarter's level to 88.7. The Zacks Consensus Estimate was pegged at 89.4. The Travelers Companies, Inc. TRV reported third-quarter 2026 core earnings of $9.18 per share, which beat the Zacks Consensus Estimate of $7.07 by 29.8%. The bottom line increased 12.8% year over year. Revenues of $12.45 billion surpassed the consensus estimate of $12.40 billion by 0.4% and remained nearly flat year over year. TRV's combined ratio improved 50 basis points year over year to 86.8%, reflecting stronger reserve development, partially offset by higher catastrophe losses. The underlying combined ratio deteriorated 20 basis points to 84.1%, while underlying underwriting income reached $1.74 billion pre-tax. The Zacks Consensus Estimate for combined ratio was pegged at 92. W.R. Berkley Corporation WRB reported third-quarter 2026 operating income of $1.17 per share, which beat the Zacks Consensus Estimate by 2.63%. The bottom line increased 6.4% year over year. Operating revenues of $3.76 billion rose 1.8% year over year but missed the consensus estimate by 1.19%. W.R. Berkley's net premiums written increased 1.3% year over year to $3.27 billion, driven by growth in the Insurance segment. The combined ratio, a measure of underwriting profitability, improved 10 bps to 90.8%. Our estimate was pegged at 92.8%, while the Zacks Consensus Estimate was pegged at 90.95%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chubb Limited (CB) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

W.R. Berkley Corporation WRB reported third-quarter 2026 operating income of $1.17 per share, which beat the Zacks Consensus Estimate by 2.63%. The bottom line increased 6.4% year over year. Operating revenues of $3.76 billion rose 1.8% year over year but missed the consensus estimate by 1.19%. The insurer benefited from higher premiums and increased net investment income, partly offset by higher expenses and catastrophe losses. Net premiums earned jumped 1.8% year over year. W.R. Berkley's net premiums written increased 1.3% year over year to $3.27 billion, driven by growth in the Insurance segment. Net premiums earned rose to $3.21 billion from $3.16 billion in the year-ago quarter. Our estimate was pegged at $3.31 billion. Net investment income grew 9.2% year over year to $383.5 million, supported by higher income from the core investment portfolio. Income from fixed-maturity securities increased 10.3%, while the core portfolio contributed $369.1 million, up 12% year over year. The Zacks Consensus Estimate was pegged at $398.2 million. Our estimate was pegged at $384.3 billion. Total expenses jumped 1.4% year over year to $3.16 billion, reflecting higher loss and loss expenses and other operating costs, partly offset by lower expenses from non-insurance businesses. Our estimate was pegged at $3.25 billion. The consolidated loss ratio improved 20 basis points (bps) year over year to 62.2%. Our estimate was pegged at 63.6%, while the Zacks Consensus Estimate was pegged at 63.6%. The expense ratio deteriorated 10 bps to 28.6%. Our estimate was pegged at 29.2%, while the Zacks Consensus Estimate was pegged at 28.3%. The combined ratio, a measure of underwriting profitability, improved 10 bps to 90.8%. Our estimate was pegged at 92.8%, while the Zacks Consensus Estimate was pegged at 90.95%. Catastrophe losses increased to $85.9 million from $78.5 million in the year-ago quarter. The current accident year combined ratio, excluding catastrophe losses, was 88.1%. W.R. Berkley Corporation price-consensus-eps-surprise-chart | W.R. Berkley Corporation Quote Net premiums written at the Insurance segment increased 3.2% year over year to $2.9 billion in the quarter, in line with our estimate. Growth was primarily driven by higher premiums from other liability, auto, professional liability and short-tail lines. Net premiums earned increased 3.2% to $2.86 billion. The Zacks Consensus Estimate was pegged at $2.9 billion. Our estimate was pegged at $2.83 billion. Gross premiums written rose 4.9% to $3.56 billion, reflecting continued underwriting activity across the segment. Our estimate was pegged at $2.95 billion. The segment's combined ratio improved 60 bps year over year to 91.7%. Our estimate was pegged at 93.4%, while the Zacks Consensus Estimate was pegged at 91.7%. The loss ratio improved 60 bps to 63.3%. Our estimate was pegged at 64.5%, while the Zacks Consensus Estimate was pegged at 63.7%. The expense ratio remained unchanged at 28.4%. Our estimate was pegged at 28.9%, while the Zacks Consensus Estimate was pegged at 28%. Pre-tax income increased 10.3% year over year to $523.4 million. Pre-tax underwriting income grew 10.6% to $237.7 million, indicating improved underwriting profitability. Net premiums written in the Reinsurance & Monoline Excess segment decreased 11.7% year over year to $368.6 million. The decline reflected lower premiums in casualty and property reinsurance, partly offset by growth in monoline excess. Our estimate was pegged at $439.4 million. Net premiums earned declined 8.3% year over year to $351.7 million, while gross premiums written decreased 11.7% to $391.5 million. Our estimate was pegged at $382.2 million. the Zacks Consensus Estimate was pegged at $367.1 million. The segment's combined ratio deteriorated 230 bps year over year to 83.4%. Our estimate was pegged at 88.1%, while the Zacks Consensus Estimate was pegged at 86.8%. The loss ratio increased 190 bps to 53.2%, Our estimate was pegged at 56.9%, while the Zacks Consensus Estimate was pegged at 56.9%. The expense ratio rose 40 bps to 30.2%. Our estimate was pegged at 31.3%, while the Zacks Consensus Estimate was pegged at 29.9%. Pre-tax income declined 7.5% year over year to $133.3 million, reflecting weaker segment profitability. The insurer's core investment portfolio continued to support investment income growth. Income from the arbitrage trading account declined to $12.3 million from $16.3 million, while investment fund income decreased to $2.1 million from $5.4 million. Net investment losses totaled $18.3 million compared with investment gains of $79 million in the prior-year quarter. These losses weighed on GAAP net income, which declined 12.7% year over year to $446 million. The company's fixed-maturity securities portfolio maintained an average credit rating of AA-. Management highlighted favorable reinvestment yields relative to the portfolio's existing book yield. W.R. Berkley exited the third quarter of 2026 with total assets worth $45.68 billion compared with $43.93 billion at the 2025-end level. Senior notes and other debt declined slightly from the 2025-end level to $1.83 billion. Book value per share increased 0.6% from the 2025-end level to $25.87. Cash flow from operations was $731.3 million, down 35.8% year over year. Operating return on equity declined 220 bps year over year to 18.8%, while return on equity decreased to 18.4% from 24.3%. W.R. Berkley repurchased approximately 309,508 common shares for $21.1 million during the third quarter of 2026, continuing its capital return activities. During the first nine months of 2026, the insurer returned $728.6 million to shareholders, including $435.1 million through share repurchases. Management emphasized its disciplined capital allocation strategy, maintaining financial flexibility to support future opportunities while continuing to return capital to shareholders. W.R. Berkley currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Progressive Corporation's PGR third-quarter 2026 earnings per share of $4.60 beat the Zacks Consensus Estimate by 3.1%. The bottom line increased 13.6% year over year. Net premiums written were $22.3 billion in the quarter, up 4% from $21.4 billion a year ago. Combined ratio improved 80 basis points from the prior-year quarter's level to 88.7. The Zacks Consensus Estimate was pegged at 89.4. The Travelers Companies, Inc. TRV reported third-quarter 2026 core earnings of $9.18 per share, which beat the Zacks Consensus Estimate of $7.07 by 29.8%. The bottom line increased 12.8% year over year. Revenues of $12.45 billion surpassed the consensus estimate of $12.40 billion by 0.4% and remained nearly flat year over year. The combined ratio improved 50 basis points year over year to 86.8%, reflecting stronger reserve development, partially offset by higher catastrophe losses. The underlying combined ratio deteriorated 20 basis points to 84.1%, while underlying underwriting income reached $1.74 billion pre-tax. The Zacks Consensus Estimate for combined ratio was pegged at 92. Chubb Limited CB will report third-quarter 2026 results on Oct. 20, after market close. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $6.42, indicating a decrease of 14.3% from the year-ago quarter's reported figure. CB's earnings beat estimates in the last four quarters. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Chubb Limited (CB) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Travelers' third quarter results reflected continued strength in underwriting and investment income, with management pointing to robust performance across its business, bond and specialty, and personal insurance segments. CEO Alan Schnitzer emphasized that "profitability was excellent on both the reported and underlying basis," highlighting improved combined ratios and favorable reserve development. The company's investment portfolio also performed well, delivering higher net investment income and supporting returns to shareholders. Management credited ongoing technology investments and pricing discipline for helping maintain margins and navigate competitive market dynamics. Is now the time to buy TRV? Find out in our full research report (it's free). - Revenue: $12.45 billion vs analyst estimates of $12.36 billion (flat year on year, 0.7% beat) - Adjusted EPS: $9.18 vs analyst estimates of $7.43 (23.5% beat) - Market Capitalization: $79.83 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. - David Motemaden (Evercore ISI) asked about the durability of underwriting income into next year. CEO Alan Schnitzer and CFO Daniel Frey expressed confidence in maintaining current levels, citing scale and competitive advantages, but acknowledged results could move modestly year to year. - Gregory Peters (Raymond James) pressed on loss cost trends in business insurance. Schnitzer clarified that trends remain stable and in line with expectations, with no negative surprises in general liability or other casualty lines. - Tracy Benjiji (Wolfe Research) inquired about the source and timing of favorable reserve development. Frey emphasized that reserve releases reflected favorable experience across multiple accident years, especially in commercial auto and liability. - Josh Shanker (Bank of America) questioned whether technology-driven cost savings would be passed to customers through pricing. Schnitzer said operating leverage may be used to improve competitiveness, but only if returns remain adequate. - Yaron Kinar (Mizuho) asked about the sustainability of cyber insurance amid rising risks from AI-enabled attacks. Jeffrey Klenk, Bond and Specialty president, stressed disciplined limits, heavy reinsurance, and ongoing risk control investments. In the coming quarters, our analysts will watch (1) the pace at which Travelers' technology and AI initiatives deliver measurable loss cost improvements, (2) stability in underwriting margins as pricing moderates in certain lines, and (3) continued growth in net investment income as the portfolio turns over at higher yields. Execution on digital distribution strategies and responsiveness to regulatory change will also be important indicators. Travelers currently trades at $389.99, up from $383.89 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Property and casualty insurer Travelers (NYSE:TRV) reported Q3 2026 results beating Wall Street's revenue expectations , but sales were flat year on year at $12.45 billion. Its non-GAAP profit of $9.18 per share was 23.5% above analysts' consensus estimates. Is now the time to buy TRV? Find out in our full research report (it's free). - Revenue: $12.45 billion vs analyst estimates of $12.36 billion (flat year on year, 0.7% beat) - Adjusted EPS: $9.18 vs analyst estimates of $7.43 (23.5% beat) - Market Capitalization: $81.25 billion Travelers' third quarter results reflected continued strength in underwriting and investment income, with management pointing to robust performance across its business, bond and specialty, and personal insurance segments. CEO Alan Schnitzer emphasized that "profitability was excellent on both the reported and underlying basis," highlighting improved combined ratios and favorable reserve development. The company's investment portfolio also performed well, delivering higher net investment income and supporting returns to shareholders. Management credited ongoing technology investments and pricing discipline for helping maintain margins and navigate competitive market dynamics. Looking forward, Travelers' guidance is shaped by expectations for sustained underwriting profitability and continued growth in net investment income as reinvestment rates rise. Management noted that technology enhancements, including the use of artificial intelligence in claims handling, are expected to contribute to further operating leverage. CFO Daniel Frey stated, "We expect the expense ratio to remain stable, with improvements from automation and digital capabilities offset by higher variable compensation." The company is focused on balancing disciplined growth with ongoing investments in risk analytics and digital distribution. Management attributed the quarter's results to strong underwriting performance, technology-driven efficiency, and favorable reserve development across all segments. - Underwriting discipline yields profits: Across business, bond & specialty, and personal insurance, management cited strong combined ratios and favorable prior year reserve development as central to profitability, with segment presidents emphasizing granular pricing and risk selection strategies. - Technology powers efficiency: CEO Alan Schnitzer highlighted the company's investment in artificial intelligence and predictive analytics, which have improved claims handling, underwriting, and cost structure. These innovations are expected to provide a sustainable advantage in bending the loss cost curve and enhancing customer outcomes. - Investment income supports returns: CFO Daniel Frey pointed to a 7% increase in after-tax net investment income, driven primarily by higher yields on fixed income securities, and noted the importance of reinvesting at higher rates to sustain future growth. - Stable expense ratio outlook: Management explained that while automation and digital tools are lowering costs in areas like software development and claims processing, higher profit-based commissions are maintaining the expense ratio near 29%, a level they believe supports competitiveness. - Measured approach to digital distribution: Segment leaders discussed the cautious adoption of digital and AI-assisted distribution in insurance, noting that while technology is enhancing capabilities, the complexity of many insurance products means agent involvement remains critical. Travelers' outlook centers on maintaining underwriting profitability and leveraging technology to deliver operating leverage, while managing competitive and regulatory headwinds. - Sustained underwriting strength: Management reiterated confidence in the durability of underlying underwriting income, citing scale, analytics, and disciplined execution as reasons to expect continued profitability even as pricing moderates in some lines. - Technology and AI adoption: Ongoing investments in artificial intelligence and digital tools are expected to drive further efficiency in claims, underwriting, and distribution, with management aiming to redeploy these savings to support both margins and competitive pricing where appropriate. - Expense and investment tailwinds: CFO Daniel Frey indicated that the expense ratio should remain stable as cost efficiencies from automation offset higher performance-based compensation, while rising reinvestment rates are expected to generate higher net investment income and support capital returns. In the coming quarters, our analysts will watch (1) the pace at which Travelers' technology and AI initiatives deliver measurable loss cost improvements, (2) stability in underwriting margins as pricing moderates in certain lines, and (3) continued growth in net investment income as the portfolio turns over at higher yields. Execution on digital distribution strategies and responsiveness to regulatory change will also be important indicators. Travelers currently trades at $389.99, up from $383.89 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. 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The Travelers Companies, Inc. TRV emphasized durable underwriting profitability, rising investment income and disciplined pricing during its third-quarter 2026 earnings call. Management expressed confidence it can sustain strong returns despite moderating insurance pricing and competitive pressures. The insurer reported core earnings of $9.18 per share, beating the Zacks Consensus Estimate of $7.07 by 29.80%. Revenues of $12.44 billion exceeded the consensus estimate of $12.39 billion by 0.40%. The Travelers Companies, Inc. price-consensus-eps-surprise-chart | The Travelers Companies, Inc. Quote Chairman and CEO Alan Schnitzer emphasized the sustainability of underwriting earnings, supported by risk selection, pricing capabilities and technology investments. The consolidated underlying combined ratio was 84.1%, marking nine consecutive quarters below 86%. During the analyst Q&A, an Evercore ISI analyst questioned whether approximately $5.5 billion in underlying underwriting income could remain sustainable into 2027. Schnitzer reaffirmed confidence in that earnings level. Executive vice president and CFO Daniel Frey clarified that annual results could fluctuate but management expects underwriting profitability to remain structurally stronger than historical levels. Frey highlighted rising fixed-income yields and expanding invested assets as important earnings drivers. Quarterly pretax net investment income reached a record $1.098 billion, increasing 6% year over year. Management expects approximately $875 million in after-tax fixed-income investment income during fourth-quarter 2026, bringing the full-year total to $3.3 billion. For 2027, Travelers projects more than $3.6 billion, with quarterly income increasing from approximately $875 million in the first quarter to $965 million in the fourth quarter. Higher reinvestment yields underpin these expectations. Executive vice president and Business Insurance president Greg Toczydlowski highlighted disciplined underwriting amid moderating renewal pricing. Business Insurance net written premiums increased 4%, excluding divested Canadian operations. Renewal premium change was 4.1%, including 5.4% in Middle Market and 7.8% in Select. Retention remained strong at 86%, while new business increased 4% to $699 million. During the Q&A, a BMO Capital Markets analyst questioned the decline in renewal premium changes. Schnitzer characterized the pricing environment as stable, noting modest sequential movements in property and liability pricing. Management declined to establish a bottom for property pricing. Executive vice president and Personal Insurance president Michael Klein emphasized profitability over near-term premium expansion. Personal Insurance net written premiums declined 7%, while the underlying combined ratio improved one point to 76.7%. Klein explained that moderating pricing reflects favorable loss experience. Automobile retention stood at 81%, while Homeowners retention reached 85%. Addressing competitive concerns raised by a TD Cowen analyst, Klein described selective automobile rate reductions and distribution expansion. Management continues pursuing agent appointments and opportunities to consolidate business from competing carriers without compromising underwriting discipline. Schnitzer outlined investments in Artificial Intelligence and claims technology designed to address rising litigation costs and improve underwriting decisions. A digital claims-resolution pilot generated engagement from more than 80% of claimants offered the tool. AI capabilities also help claims professionals analyze extensive files and respond more effectively to attorney demands. During the Q&A, analysts questioned litigation trends and reserve adequacy. Frey maintained that liability loss costs were developing within expectations. He cautioned that successful claims initiatives could eventually reduce required reserves, but management has not incorporated that outcome into its projections. Management maintained a confident outlook for 2027 while declining to provide specific premium growth or combined ratio forecasts. Frey expects the expense ratio to remain slightly below 29% in 2026 and around the same level in 2027. Travelers also returned approximately $1.8 billion to shareholders during the quarter, including $1.5 billion through repurchases. The company's priorities remain underwriting discipline, investment income growth, technology deployment and measured capital allocation. Travelers currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings-revision signal. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Its Value Score and Momentum Score of B reflect comparatively favorable characteristics in those categories. However, the Growth Score of F indicates weak growth characteristics, while the VGM Score of D reflects a less favorable combined assessment across value, growth and momentum. These mixed signals warrant a measured interpretation of the stock's near-term prospects. The Zacks Rank can change as analysts revise earnings estimates following the latest quarterly results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Travelers Companies stock inched up 1.5% to about US$389 in Friday trading, a calm reaction for a heavyweight insurer that just posted another powerful quarter. The Q3 2026 release featured core income of US$1.95b and an underwriting combined ratio of 86.8%, strong numbers in a business where small shifts in claims costs can make or break a year. Short term traders may focus on the move in the share price. Long term holders are more likely watching the trailing 12-month return on equity above 20% and what that says about the durability of Travelers Companies earnings power over the next several years. Like the consistency of Travelers Companies earnings profile but want more insurance and financial stocks with similar return quality on your radar? Benchmark TRV against a curated list of resilient insurers and financials in the list of solid balance sheet and fundamentals stocks (25 results) - Revenue (Q3 2026 vs. Q3 2025): US$12,412m vs. US$12,470m (broadly flat year over year) - Net Income (Excl. Extra Items, Q3 2026 vs. Q3 2025): US$1,904m vs. US$1,875m (modest year over year improvement) - Basic EPS (Q3 2026 vs. Q3 2025): US$9.20 vs. US$8.37 (solid year over year increase per share) - Combined Ratio (Q3 2026 vs. Q3 2025): 86.8% vs. 87.3% (slightly stronger underwriting result) Ask Charlie what Travelers expects from its AI claims push. Fans of Travelers Companies point to underwriting consistency and capital return as proof that earnings power has real staying power. "We would absolutely reiterate the durability of underlying underwriting income." ... "we expect to continue generating strong premium levels at attractive underlying margins." The Q3 combined ratio of 86.8% and underlying figure of 84.1% align with that message, and core income of US$1.95b backs it up. Capital return running near 92% of core income also tracks prior hints. Yet softer Business Insurance renewal pricing and lower new business temper the idea of effortless durability. The engine is working, just with more moving parts. The concern is that management eases pricing and lets expenses drift, which could chip away at Travelers Companies return profile over time. "We'll decide what we want the expense ratio to be and then dial into that number." ... "If we decide that we want to redeploy some of those into pricing without compromising our return objectives, we'll do that." Expense guidance nudged up to just below 29% for 2026 and 2027, and the Q3 expense ratio printed 28.9% with year to date at 29%. Personal auto now leans into rate cuts, with about 10 decreases. Underwriting results remain strong today, yet the mix of higher guided costs and softer renewal pricing shows the risk sketched in the bear story is starting to appear in the data. One Narrative has put a figure on that disagreement. → See the Narrative with its lower Fair Value, assumptions and all. Travelers Companies just reported a solid quarter that highlights how current results can already be reflected in valuations. The real opportunity sits in finding stocks that may trade below intrinsic value before the market responds. - Company 1 - 39% below our estimate - builds payment infrastructure that supports merchants as transaction volumes extend into new sales channels and higher margin services expand. - Company 2 - 32% below our estimate - tightens operational execution so aftermarket activity and a broader valve portfolio contribute to structurally higher margins and stronger cash generation. - Company 3 - 37% below our estimate - ships lidar hardware into full production programs as customers move from pilot projects to larger embedded sensor orders in vehicles. That is three of the list. See every one of the 32 undervalued companies on it → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TRV. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

- Travelers Companies reported Q3 2026 revenue of US$12.41b with net income of US$1.92b and adjusted earnings per share of US$9.18, supported by profitable underwriting and record investment income. - The insurer combined strong operating results with shareholder returns, distributing US$1.8b through dividends and buybacks, while continuing to roll out proprietary AI tools that management links to better loss ratios and claims efficiency. - We will now look at how Travelers Companies' strong underwriting and record investment income could influence the existing investment narrative. Scan how Travelers Companies' earnings strength and dividend profile compare with peers by reviewing our hand-picked 8 dividend fortresses for income-focused ideas with similar defensive characteristics. For a shareholder in Travelers Companies, the core belief is that disciplined underwriting, conservative reserves and heavy investment in technology can keep underwriting income and investment returns resilient, even when weather and casualty trends are tough. The latest quarter fits that story, with core income supported by an 86.8% combined ratio and record investment income. The near term swing factor is whether underwriting metrics and pricing in commercial and personal lines stay strong while catastrophe losses remain manageable within reinsurance. The biggest risk is a turn for the worse in catastrophe events or long tail casualty severity that outpaces pricing, which would pressure margins despite the current earnings strength. The most relevant fresh data point is Travelers Companies' Q3 2026 report, which showed adjusted earnings per share of US$9.18 versus analysts' US$7.49 expectation and core income of about US$1.95b. Net written premiums of US$11.48b and solid segment outcomes in Business Insurance, Bond & Specialty and Personal Insurance back up the underwriting story. This print also landed alongside a regular quarterly dividend of US$1.25 per share, with a December 10 record date and December 31 payment date, and US$1.8b returned through buybacks and dividends in the quarter. For you, the operational question is whether this level of capital return can coexist with future catastrophe events, casualty uncertainty and any easing in P&C pricing without eroding the balance sheet or combined ratio discipline. Travelers Companies' current consensus script points to revenues of about US$47.3b and earnings of roughly US$5.2b by 2029, with analysts modeling a 1.1% yearly decline in revenue and a move from US$8.2b in earnings today to that lower future figure. That path implies a drop in profit margins from 16.8% to 11.1% alongside a shift in the P/E multiple from 9.5x now to 14.5x in the same 2029 time frame. Uncover why Travelers Companies' fair value indicates a 7% potential downside to its current price, leaving little room for error. Some of the most optimistic analysts frame Travelers Companies' AI and data tools as the real swing factor. Before this Q3 release, the bullish camp was penciling in roughly US$46.9b of revenue and about US$5.7b of earnings by 2029, compared with the more cautious US$47.3b and US$5.2b path. Treat this earnings beat as a fresh data point that could shift those perspectives, and explore a range of forecasts before deciding which version you find most convincing. Explore 3 other Travelers Companies fair value estimates, including one that suggests potential upside of up to 103% from the current price. Don't just follow the ticker; dig into the data and build a conviction that's truly your own. - A great starting point for your Travelers Companies research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. - See our latest analysis for Travelers Companies. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easy to evaluate Travelers Companies' overall financial health at a glance. Once you have formed a view on Travelers Companies, it can help to compare it with other opportunities that fit different roles in your portfolio, from potential growth outliers to steadier holdings with stronger balance sheets or lower risk profiles. - For potential mispriced opportunities with quality fundamentals, start by scanning a focused set of candidates through the 33 high quality undervalued stocks and see which ones pass your own checklist. - If balance sheet resilience is a priority, filter for companies with stronger financial footing using the list of solid balance sheet and fundamentals (25 results) and compare their metrics with what you see at Travelers Companies. - To keep risk in check while still seeking returns, use the 32 resilient stocks with low risk scores as a short list of ideas that may be a closer match for a more defensive style. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TRV. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

For the quarter ended September 2026, Travelers (TRV) reported revenue of $12.45 billion, representing no change compared to the same period last year. EPS came in at $9.18, compared to $8.14 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $12.4 billion, representing a surprise of +0.41%. The company delivered an EPS surprise of +29.84%, with the consensus EPS estimate being $7.07. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - Underwriting Expense Ratio - Consolidated: 28.9% versus 28.9% estimated by eight analysts on average. - Loss and loss adjustment expense ratio - Consolidated: 57.9% versus 63.2% estimated by eight analysts on average. - Combined Ratio - Consolidated: 86.8% versus the eight-analyst average estimate of 92.1%. - Underwriting Expense Ratio - Business Insurance: 29.7% compared to the 30% average estimate based on six analysts. - Total Revenues- Other Revenues: $122 million versus $142.42 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -17.6% change. - Total Revenues- Fee income: $123 million versus $126.27 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -3.2% change. - Total Revenues- Net investment income: $1.1 billion versus the eight-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +6.3%. - Total Revenues- Premiums: $11.1 billion compared to the $11.01 billion average estimate based on eight analysts. The reported number represents a change of -0.3% year over year. - Revenues- Bond & Specialty Insurance- Premiums: $1.1 billion versus the six-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +5.9%. - Revenues- Personal Insurance- Premiums: $4.14 billion compared to the $4.13 billion average estimate based on six analysts. The reported number represents a change of -5.8% year over year. - Revenues- Business Insurance- Premiums: $5.86 billion versus $5.75 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change. - Revenues- Bond & Specialty Insurance- Other revenues: $6 million versus the five-analyst average estimate of $6.48 million. The reported number represents a year-over-year change of -25%. View all Key Company Metrics for Travelers here>>> Shares of Travelers have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research