How does Travelers Companies (TRV) make money?

Travelers Companies (TRV) generates revenue primarily from Business Insurance, which accounted for 46.1% of total revenue in TTM through Q1 2026. The company reported $48.94B in revenue and converted 15.5% of it into net profit, equivalent to roughly $7.60B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Travelers Companies (TRV)?

Travelers Companies (TRV) reported a gross profit margin of 44% in TTM through Q1 2026, equivalent to $21.54B in gross profit on $48.94B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Travelers Companies (TRV)?

Travelers Companies (TRV) reported an operating profit margin of 19.3% in TTM through Q1 2026, equivalent to $9.45B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Travelers Companies (TRV)?

Travelers Companies (TRV) reported a net profit margin of 15.5% in TTM through Q1 2026, equivalent to $7.60B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Travelers Companies (TRV) profitable?

Yes. Travelers Companies (TRV) reported $7.60B in net income for TTM through Q1 2026, with a net profit margin of 15.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much free cash flow does Travelers Companies (TRV) generate?

Travelers Companies (TRV) generated $11.44B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 23.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Travelers Companies (TRV)?

Travelers Companies (TRV) had an effective tax rate of 19.5% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Travelers Companies (TRV)?

Travelers Companies (TRV) reports revenue across 3 reportable product segments, led by Business Insurance at 46.1% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Travelers Companies Makes Money: 2026 Visual Revenue Map

Travelers Companies (TRV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 16, 2026).

Travelers Companies discloses geographic revenue only in annual filings. to view the full breakdown.

Travelers Companies (TRV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Travelers Companies (TRV) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Business Insurance	$22.57B	46.1%
Personal Insurance	$21.02B	43%
Bond & Specialty Insurance	$5.34B	10.9%
Total	$48.94B	100%

Business Insurance$22.57B
Personal Insurance$21.02B
Bond & Specialty Insurance$5.34B
Total$48.94B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Travelers Companies (TRV) reports revenue across 3 operating segments; the largest segment was Business Insurance at 46.1%, followed by Personal Insurance (43%) and Bond & Specialty Insurance (10.9%).

Frequently asked questions

Data & methodology

Travelers Companies (TRV) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation