Filing Flows › Travelers Companies (TRV) › Q1 2025
Travelers Companies (TRV) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 16, 2025
Travelers Companies (TRV) reported revenue of $11.8B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before. Operating margin was 4.0%, net earnings $395M (3.3% of revenue).
Travelers Companies, Q1 2025: revenue $11.8B (+5% year over year), operating margin 4.0%, net earnings $395M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.8B | -2% | +5% |
| Operating profit | $468M | -82% | -66% |
| Net earnings | $395M | -81% | -65% |
| Operating cash flow | $1.4B | -34% | -7% |
What changed
Revenue was $11.8B in Q1 2025, up 5% year over year and down 2% from the previous quarter.
Operating profit was $0.47B, a 4.0% margin (down 8.2 points year over year). Operating profit fell $0.90B even though revenue rose $0.58B versus a year earlier, so costs grew faster than sales. Total costs grew 15% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.40B, down 65% year over year. The effective tax rate was 15.6%.
Operating cash flow was $1.4B (down 7% year over year), 344% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.69B.
Questions
What was Travelers Companies' revenue in the first quarter 2025?
Travelers Companies (TRV) reported revenue of $11.8B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before.
Was Travelers Companies profitable in the first quarter 2025?
Operating profit was $468M (4.0% of revenue) and net earnings $395M.