← TRAVELERS COMPANIES, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $3.0b
$2.1b -31.79%
$2.5b +22.71%
$2.6b +3.92%
$2.7b +2.86%
$3.7b +35.78%
$2.8b -22.39%
$3.0b +5.24%
$5.0b +67.13%
$6.3b +25.79%
—
Net Income (Loss) Available to Common Stockholders, Basic $3.0b
$2.0b -31.78%
$2.5b +22.68%
$2.6b +3.95%
$2.7b +2.88%
$3.6b +35.74%
$2.8b -22.37%
$3.0b +5.21%
$5.0b +67.09%
$6.2b +25.82%
—
Amortization Of Securities — — — — — — $5.5b $6.2b $7.0b $7.3b $7.2b
Amortization of Intangible Assets $11.0m $13.0m $17.0m $15.0m $14.0m $14.0m $13.0m $12.0m $21.0m $20.0m —
Amortization of deferred acquisition costs $4.0b $4.2b $4.4b $4.6b $4.8b $5.0b $5.5b $6.2b $7.0b $7.3b —
Deferred Policy Acquisition Costs, Amortization Expense $4.0b $4.2b $4.4b $4.6b $4.8b $5.0b $5.5b $6.2b $7.0b $7.3b —
Depreciation, Depletion and Amortization $826.0m $813.0m $803.0m $763.0m $789.0m $870.0m $826.0m $722.0m $715.0m $680.0m $691.0m
Deferred Income Tax $110.0m $337.0m $13.0m $33.0m $29.0m $62.0m ($186.0m) ($163.0m) ($152.0m) $210.0m $255.0m
Deferred Income Tax Expense (Benefit) $111.0m $279.0m ($35.0m) ($43.0m) ($31.0m) $64.0m ($229.0m) ($124.0m) ($155.0m) $231.0m $255.0m
Deferred Tax — — — — — — ($186.0m) ($163.0m) ($152.0m) $210.0m $255.0m
Payment, Tax Withholding, Share-based Payment Arrangement $72.0m $62.0m $51.0m $48.0m $47.0m $44.0m $61.0m $64.0m $114.0m $127.0m —
Share-based Payment Arrangement, Expense $155.0m $136.0m $140.0m $142.0m $148.0m $162.0m $183.0m $214.0m $260.0m $256.0m —
Treasury stock acquired — net employee share-based compensation ($72.0m) ($62.0m) ($51.0m) ($48.0m) ($47.0m) ($44.0m) ($61.0m) ($64.0m) ($114.0m) ($127.0m) —
Asset Impairment Charge — — — — — — $12.0m $9.0m $5.0m $0 $0
Earnings (Loss)es From Equity Investments — — — — — — ($336.0m) ($157.0m) ($294.0m) ($226.0m) ($229.0m)
Income (Loss) from Equity Method Investments $232.0m $397.0m $365.0m $251.0m $130.0m $993.0m $336.0m $157.0m $294.0m $226.0m —
Change In Working Capital — — — — — — ($2.4b) ($2.7b) ($3.8b) ($3.7b) ($5.4b)
Change In Receivables — — — — — — ($533.0m) ($1.4b) ($748.0m) ($252.0m) ($862.0m)
Changes In Account Receivables — — — — — — ($533.0m) ($1.4b) ($748.0m) ($252.0m) ($862.0m)
Unearned premium reserves $372.0m $521.0m $710.0m $1.0b $592.0m $1.2b $1.9b $2.6b $1.5b $584.0m —
Other operating activities $189.0m ($343.0m) $190.0m $535.0m $129.0m $750.0m $45.0m $647.0m $556.0m $81.0m —
Net Cash Provided by (Used in) Operating Activities $4.2b
$3.8b -10.47%
$4.4b +16.43%
$5.2b +18.84%
$6.5b +25.24%
$7.3b +11.58%
$6.5b -11.12%
$7.7b +19.27%
$9.1b +17.68%
$10.6b +16.88%
$11.0b +3.96%
Cash flows from investing activities:
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — $10.0m — — — — — —
Equity in income from other investments ($232.0m) ($397.0m) ($365.0m) ($251.0m) ($130.0m) ($993.0m) ($336.0m) ($157.0m) ($294.0m) ($226.0m) —
Other investments ($580.0m) ($541.0m) ($537.0m) ($497.0m) ($487.0m) ($520.0m) ($574.0m) ($495.0m) ($396.0m) ($346.0m) —
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $9.0b $8.8b $7.1b $6.8b $7.4b $8.9b $6.8b $6.4b $8.5b $11.7b —
Real estate investments ($48.0m) ($59.0m) ($74.0m) ($107.0m) ($113.0m) ($28.0m) ($41.0m) ($67.0m) ($48.0m) ($48.0m) —
Payments to Acquire Businesses, Net of Cash Acquired — $439.0m $4.0m $0 — $38.0m $4.0m $0 $382.0m $0 $0
Net Other Investing Changes — — — — — — ($385.0m) ($462.0m) ($408.0m) ($533.0m) ($546.0m)
Other investing activities ($344.0m) ($244.0m) ($318.0m) ($325.0m) ($330.0m) ($279.0m) ($385.0m) ($462.0m) ($408.0m) ($533.0m) —
Payments for (Proceeds from) Other Investing Activities $344.0m $244.0m $318.0m $325.0m $330.0m $279.0m $385.0m $462.0m $408.0m $533.0m —
Net Cash Provided by (Used in) Investing Activities ($1.5b) ($1.8b) ($2.3b) ($2.9b) ($4.9b) ($5.2b) ($3.7b) ($6.8b) ($7.3b) ($7.7b) ($5.6b)
Cash flows from financing activities:
Issuance Of Debt $491.0m $789.0m $591.0m $492.0m $490.0m $739.0m $0 $738.0m $0 $1.2b $1.2b
Long Term Debt Issuance — — — — — $739.0m $0 $738.0m $0 $1.2b $1.2b
Long Term Debt Payments — — — — — $0 $0 — — — $0
Net Issuance Payments Of Debt — — — — — — $0 $738.0m $0 $1.2b $1.0b
Repayment Of Debt — — — — — $0 $0 — — — $0
Common Stock Dividend Paid — — — — — — ($875.0m) ($908.0m) ($951.0m) ($979.0m) ($989.0m)
Common Stock Payments — — — — — — ($2.1b) ($1.0b) ($1.1b) ($3.1b) ($5.5b)
Issuance of common stock — employee share options $332.0m $173.0m $132.0m $213.0m $127.0m $293.0m $267.0m $141.0m $321.0m $214.0m —
Net Common Stock Issuance — — — — — — ($2.1b) ($1.0b) ($1.1b) ($3.1b) ($5.5b)
Payments for Repurchase of Common Stock $2.4b $1.4b $1.3b $1.5b $625.0m $2.2b $2.0b $958.0m $1.0b $3.0b —
Payments of Ordinary Dividends, Common Stock $757.0m $785.0m $814.0m $844.0m $861.0m $869.0m $875.0m $908.0m $951.0m $979.0m ($989.0m)
Repurchase Of Capital Stock — — — — — — ($2.1b) ($1.0b) ($1.1b) ($3.1b) ($5.5b)
Cash Dividends Paid — — — — — — ($875.0m) ($908.0m) ($951.0m) ($979.0m) ($989.0m)
Dividends paid to shareholders ($757) ($785) ($814) ($844) ($861) ($869) ($875) ($908) ($951) ($979) ($989.0m)
Net Cash Provided by (Used in) Financing Activities ($2.8b)
($1.9b) +31.58%
($2.0b) -4.79%
($2.2b) -8.70%
($1.4b) +35.25%
($2.0b) -43.86%
($2.7b) -31.03%
($1.1b) +60.62%
($1.7b) -66.22%
($2.7b) -52.43%
($5.3b) -97.30%
Net increase (decrease) in cash and restricted cash — $37.0m $29.0m $121.0m $227.0m $40.0m $38.0m ($149.0m) $49.0m $314.0m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $121.0m $227.0m $40.0m $38.0m ($149.0m) $49.0m $314.0m $803.0m
Beginning Cash Position — — — — — — $761.0m $799.0m $650.0m $699.0m $659.0m
Cash and restricted cash at beginning of year — $344.0m $373.0m $494.0m $721.0m $761.0m $799.0m $650.0m $699.0m $842.0m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $494.0m $721.0m $761.0m $799.0m $650.0m $699.0m $842.0m $803.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $5.0m $16.0m ($1.0m) ($30.0m) — — — ($11.0m)
Effect Of Exchange Rate Changes — — — — — ($1.0m) ($30.0m) $12.0m ($14.0m) $23.0m ($11.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Accretion Expense $50.0m $50.0m — — — — — — — — —
Acquisition, net of cash acquired — ($439.0m) ($4.0m) $0 $0 ($38.0m) ($4.0m) $0 ($382.0m) $0 —
Additional Financial Items
Cash Flow From Continuing Financing Activities — — — — — — ($2.7b) ($1.1b) ($1.7b) ($2.7b) ($5.3b)
Cash Flow From Continuing Investing Activities — — — — — — ($3.7b) ($6.8b) ($7.3b) ($7.7b) ($5.6b)
Change In Cash Supplemental As Reported — — — — — — $38.0m ($149.0m) $49.0m $314.0m —
Change In Other Working Capital — — — — — $750.0m $45.0m — — — —
Changes In Cash — — — — — — $68.0m ($161.0m) $63.0m $291.0m $144.0m
Claims and claim adjustment expense reserves ($257.0m) $1.5b $1.2b $1.0b $2.6b $2.4b $2.0b $2.8b $2.7b $3.3b —
Deferred acquisition costs ($4.1b) ($4.3b) ($4.5b) ($4.7b) ($4.9b) ($5.2b) ($5.8b) ($6.7b) ($7.2b) ($7.4b) —
End Cash Position — — — — — — $799.0m $650.0m $699.0m $842.0m $803.0m
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($29.0m) $61.0m $25.0m $78.0m ($61.0m) $16.0m $89.0m $50.0m —
Equity securities ($51.0m) ($459.0m) ($117.0m) ($94.0m) ($112.0m) ($407.0m) ($136.0m) ($105.0m) ($124.0m) ($126.0m) —
Financing Cash Flow — — — — — — ($2.7b)
($1.1b) +60.62%
($1.7b) -66.22%
($2.7b) -52.43%
($5.3b) -97.30%
Fixed maturities ($11.6b) ($12.2b) ($13.5b) ($10.7b) ($14.1b) ($18.2b) ($15.9b) ($15.7b) ($17.1b) ($18.8b) —
Free Cash Flow — — — — — — $6.5b $7.7b $9.1b $10.6b $11.0b
Gain Loss On Investment Securities — — — — — — $192.0m $96.0m $25.0m $48.0m ($116.0m)
Gains (Losses) on Sales of Investment Real Estate — — — — — $8.0m $4.0m — $17.0m — —
Goodwill $3.6b $4.0b $3.9b $4.0b $4.0b $4.0b $4.0b $4.0b $4.2b $4.1b $0
Income Tax Expense (Benefit) $1.0b $674.0m $438.0m $516.0m $540.0m $796.0m $512.0m $380.0m $1.2b $1.5b —
Income Taxes Paid, Net $892.0m $514.0m $408.0m $428.0m $578.0m $707.0m $817.0m $201.0m $1.3b $1.3b —
Interest Paid, Excluding Capitalized Interest, Operating Activities $358.0m $367.0m $347.0m $338.0m $339.0m $337.0m $349.0m $370.0m $390.0m $393.0m —
Investing Cash Flow — — — — — — ($3.7b) ($6.8b) ($7.3b) ($7.7b) ($5.6b)
Net Business Purchase And Sale — — — — — — ($4.0m) $0 ($382.0m) $0 $2.4b
Net Investment Properties Purchase And Sale — — — — — — ($31.0m) ($67.0m) $16.0m ($48.0m) ($40.0m)
Net Investment Purchase And Sale — — — — — — ($3.3b) ($6.3b) ($6.5b) ($7.1b) ($7.4b)
Net realized investment losses ($68.0m) ($216.0m) ($114.0m) ($113.0m) ($2.0m) ($171.0m) $204.0m $105.0m $30.0m $48.0m —
Net sales (purchases) of short-term securities ($199.0m)
($26.0m) +86.93%
$908.0m +3592.31%
($957.0m) -205.40%
($566.0m) +40.86%
$1.7b +395.23%
$355.0m -78.76%
($1.7b) -568.73%
$370.0m +122.24%
($945.0m) -355.41%
—
Operating Gains Losses — — — — — — ($144.0m) ($61.0m) ($269.0m) ($178.0m) ($345.0m)
Other Cash Adjustment Outside Changein Cash — — — — — — — $0 $0 ($171.0m) —
Other Non Cash Items — — — — — — $45.0m $647.0m $556.0m $81.0m —
Premiums receivable ($286.0m) ($394.0m) ($393.0m) ($384.0m) $94.0m ($258.0m) ($877.0m) ($1.3b) ($859.0m) ($115.0m) —
Proceeds From Stock Option Exercised — — — — — — $267.0m $141.0m $321.0m $214.0m $211.0m
Proceeds from Stock Options Exercised $332.0m $173.0m $132.0m $213.0m $127.0m $293.0m $267.0m $141.0m $321.0m $214.0m —
Proceeds from maturities of fixed maturities $9.0b $8.8b $7.1b $6.8b $7.4b $8.9b $6.8b $6.4b $8.5b $11.7b —
Purchase Of Business — — — — — — ($4.0m) $0 ($382.0m) $0 $0
Purchase Of Investment — — — — — — ($16.6b) ($18.0b) ($17.7b) ($20.2b) ($21.2b)
Purchase Of Investment Properties — — — — — — ($41.0m) ($67.0m) ($48.0m) ($48.0m) ($21.2b)
Realized Investment Gains (Losses) — — $114.0m $113.0m $2.0m $171.0m ($204.0m) ($105.0m) ($30.0m) ($48.0m) —
Reinsurance recoverables $610.0m $16.0m ($100.0m) $157.0m ($162.0m) ($101.0m) $344.0m ($63.0m) $111.0m ($137.0m) —
Sale Of Investment — — — — — — $13.3b $11.7b $11.2b $13.1b $13.8b
Sale Of Investment Properties — — — — — — $10.0m $0 $64.0m $0 $13.8b
Securities transactions in the course of settlement ($21.0m) ($47.0m) ($56.0m) $158.0m ($47.0m) ($19.0m) $21.0m ($83.0m) $56.0m $144.0m —
Supplemental disclosure of cash flow information:
Treasury stock acquired — share repurchase authorizations ($2.4b) ($1.4b) ($1.3b) ($1.5b) ($625.0m) ($2.2b) ($2.0b) ($958.0m) ($1.0b) ($3.0b) —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.