For the year ending 2025-12-31, TRV had $314M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Income before income taxes | 7,796 | 6,180 | 3,371 | 3,354 |
| Income tax expense (benefit) | 1,508 | 1,181 | 380 | 512 |
| Net income | 6,288 | 4,999 | 2,991 | 2,842 |
| Net realized investment losses | -48 | -30 | -105 | -204 |
| Depreciation and amortization | 680 | 715 | 722 | 826 |
| Deferred federal income tax expense (benefit) | 210 | -152 | -163 | -186 |
| Amortization of deferred acquisition costs | 7,266 | 6,973 | 6,226 | 5,515 |
| Equity in income from other investments | 226 | 294 | 157 | 336 |
| Premiums receivable | 115 | 859 | 1,341 | 877 |
| Reinsurance recoverables | 137 | -111 | 63 | -344 |
| Deferred acquisition costs | 7,373 | 7,173 | 6,689 | 5,824 |
| Claims and claim adjustment expense reserves | 3,300 | 2,680 | 2,843 | 2,050 |
| Unearned premium reserves | 584 | 1,488 | 2,590 | 1,862 |
| Other operating activities | 81 | 556 | 647 | 45 |
| Net cash provided by operating activities | 10,606 | 9,074 | 7,711 | 6,465 |
| Proceeds from maturities of fixed maturities | 11,660 | 8,537 | 6,371 | 6,837 |
| Fixed maturities | 832 | 1,634 | 4,981 | 5,657 |
| Equity securities | 160 | 143 | 138 | 138 |
| Real estate investments | 0 | 64 | 0 | 10 |
| Other investments | 321 | 422 | 255 | 302 |
| Fixed maturities | 18,771 | 17,132 | 15,690 | 15,908 |
| Equity securities | 126 | 124 | 105 | 136 |
| Real estate investments | 48 | 48 | 67 | 41 |
| Other investments | 346 | 396 | 495 | 574 |
| Net sales (purchases) of short-term securities | 945 | -370 | 1,664 | -355 |
| Securities transactions in the course of settlement | 144 | 56 | -83 | 21 |
| Acquisition, net of cash acquired | 0 | 382 | 0 | 4 |
| Other investing activities | 533 | 408 | 462 | 385 |
| Net cash used in investing activities | -7,652 | -7,264 | -6,821 | -3,728 |
| Treasury stock acquired share repurchase authorizations | 3,004 | 1,003 | 958 | 2,000 |
| Treasury stock acquired net employee share-based compensation | 127 | 114 | 64 | 61 |
| Dividends paid to shareholders | 979 | 951 | 908 | 875 |
| Payment of debt | - | - | - | 0 |
| Issuance of debt | 1,233 | 0 | 738 | 0 |
| Issuance of common stock employee share options | 214 | 321 | 141 | 267 |
| Net cash used in financing activities | -2,663 | -1,747 | -1,051 | -2,669 |
| Effect of exchange rate changes on cash | - | - | - | -30 |
| Effect of exchange rate changes on cash and restricted cash | 23 | -14 | 12 | - |
| Net increase (decrease) in cash and restricted cash | 314 | 49 | -149 | 38 |
| Cash and cash equivalents at beginning of period | - | 650 | 799 | 761 |
| Cash and cash equivalents at end of period | - | 699 | 650 | 799 |
TRAVELERS COMPANIES, INC. (TRV)
TRAVELERS COMPANIES, INC. (TRV)