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Travelers Companies (TRV) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 16, 2026 · Travelers Companies (TRV) Q3 2026 earnings results →
Q3 2026 Revenue down 0% year over year to $12.4B · 15¢ of every $1 of revenue kept as net profit · operating margin 19.1%
Travelers Companies made $12.4B in Q3 2026 (-0.5% Y/Y). Operating margin 19.1%, net earnings $1.9B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 16, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $12.4B in Q3 2026, roughly flat year over year and up 2% from the previous quarter.
Operating profit was $2.4B, a 19.1% margin (up 0.3 points year over year). Total costs fell 1% while revenue was flat. Net earnings were $1.9B, up 2% year over year. The effective tax rate was 19.1%.
Operating cash flow was $3.9B (down 8% year over year), 202% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $1.7B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 16, 2026 | $12.4B | -0.5% | 19.1% | $1.9B | $3.9B |
| Q2 2026 | 10-Q | Jul 17, 2026 | $12.2B | +0.3% | 22.8% | $2.2B | $1.9B |
| Q1 2026 | 10-Q | Apr 16, 2026 | $11.9B | +1% | 17.8% | $1.7B | $2.2B |
| Q4 2025 | 10-K | Feb 12, 2026 | $12.4B | +4% | 25.0% | $2.5B | $2.7B |
| Q3 2025 | 10-Q | Oct 16, 2025 | $12.5B | +5% | 18.8% | $1.9B | $4.2B |
| Q2 2025 | 10-Q | Jul 17, 2025 | $12.1B | +7% | 15.5% | $1.5B | $2.3B |
| Q1 2025 | 10-Q | Apr 16, 2025 | $11.8B | +5% | 4.0% | $395M | $1.4B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Travelers Companies
The Travelers Companies, Inc. (together with its consolidated subsidiaries, the Company) is a holding company principally engaged, through its subsidiaries, in providing a wide range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The Company is incorporated as a general business corporation under the laws of the State of Minnesota and is one of the oldest insurance organizations in the United States, dating back to 1853. The principal executive offices of the Company are located at 485 Lexington Avenue, New York, New York 10017, and its telephone number is (917) 778-6000. The Company also maintains executive offices in Hartford, Connecticut and St. Paul, Minnesota. The term “TRV” in this document refers to The Travelers Companies, Inc., the parent holding company excluding subsidiaries.
In its own words, from its 10-K, filed Feb 12, 2026.
Travelers Companies against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.5% against the peers' median +2%. Operating margin: 19.1% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
| ACGL Arch Capital Group | Q3 2026 | $4.7B | -9% | 25.5% |
Source: Travelers Companies 10-Q on SEC EDGAR · CIK 86312 · Fire, Marine & Casualty Insurance
Guidance and outlook
13F: who owns TRV and who is buying
More on TRV
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results