The Travelers Companies
The Travelers Companies (NYSE: TRV) is the largest American insurance company by market value.[3] It is also the second largest writer of commercial property casualty and personal insurance in the United States.
Travelers has significant operations in New York, New York, Hartford, Connecticut and St. Paul, Minnesota. It was announced on June 1, 2009 that Travelers will become a component of the Dow Jones Industrial Average on June 8, 2009.
The company has field offices in every U.S. state, plus operations in the United Kingdom, Ireland, Singapore, Shanghai and Canada. In 2008, the company reported revenues of US $24 billion and total assets of US $110 billion.
Travelers, through its subsidiaries and approximately 14,000 independent agents and brokers, provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. The company offers insurance through three segments:
Personal Insurance, which includes home, auto and other insurance products for individuals
Business Insurance, which includes a broad array of property and casualty insurance and insurance-related services in the United States
Financial, Professional & International Insurance, which includes surety, crime, and financial liability businesses which primarily use credit-based underwriting processes, as well as property and casualty products that are predominantly marketed on an international basis.
Founded Incorporated as St. Paul Fire & Marine in 1853. Merger of The St. Paul Companies and Travelers Property Casualty Corp. in 2004
Headquarters Saint Paul, Minnesota, USA; moved to New York City in March 2009 [1]
Key people Jay Fishman, Chairman & CEO
Industry Insurance, property & casualty insurance, risk management
Products Insurance policies are contracted and sold primarily through independent agents or an insurance broker.
Revenue ▲$24.477 billion USD (2008)
Operating income ▲ $3.716 billion USD (2008)
Net income ▲ $2.924 billion USD (2008).
Employees ~33,000 (2008)
Website www.travelers.com
Popularity: 7% [?]