Financials The Travelers Companies, inc.

Equities

TRV

US89417E1091

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 01:30:01 12/09/2024 am IST			5-day change	1st Jan Change
231.30 ^USD	-3.16%		-0.05%	+21.42%

10/09	Evercore ISI Adjusts Travelers Companies Price Target to $236 From $233, Maintains Outperform Rating	MT
06/09	Sector Update: Financial Stocks Slide Late Afternoon	MT

Projected Income Statement: The Travelers Companies, inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	28,272	29,044	30,855	33,763	37,761	41,709	44,953	46,626
Change	-	2.73%	6.24%	9.42%	11.84%	10.45%	7.78%	3.72%
EBITDA ¹	-	-	-	-	4,574	6,183	6,824	-
Change	-	-	-	-	-	35.17%	10.37%	-100%
EBIT ¹	3,369	3,574	4,627	3,909	3,852	5,371	6,132	6,692
Change	-	6.08%	29.46%	-15.52%	-1.46%	39.45%	14.15%	9.13%
Interest Paid ¹	-344	-339	-340	-351	-376	-392.9	-394.6	-397.2
Earnings before Tax (EBT) ¹	3,138	3,237	4,458	3,354	3,371	4,800	5,603	5,806
Change	-	3.15%	37.72%	-24.76%	0.51%	42.4%	16.71%	3.63%
Net income ¹	2,622	2,697	3,662	2,842	2,991	4,005	4,603	5,070
Change	-	2.86%	35.78%	-22.39%	5.24%	33.91%	14.92%	10.14%
Announcement Date	23/01/20	21/01/21	20/01/22	24/01/23	19/01/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	7,179	7,250	7,229	6,955	7,380	7,480	7,386	7,616	7,829	8,024	8,014	8,317	8,615	8,817	8,854	9,216	9,718	9,973	10,126	10,243	10,572	10,767	10,957	11,181	11,443	11,629	11,555	11,694
Change	-	0.99%	-0.29%	-3.79%	6.11%	1.36%	-1.26%	3.11%	2.8%	2.49%	-0.12%	3.78%	3.58%	2.34%	0.42%	4.09%	5.45%	2.62%	1.53%	1.16%	3.22%	1.84%	1.76%	2.05%	2.34%	1.62%	-0.63%	1.2%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	936	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100%	-	-	-	-	-	-	-
EBIT ¹	493	1,145	902	-13	1,036	1,649	929	1,153	865	1,680	1,292	840	709	1,068	1,010	79	635	2,128	1,433	819	1,102	2,028	1,800	1,113	1,363	2,192	-	-
Change	-	132.25%	-21.22%	-	-	59.17%	-43.66%	24.11%	-24.98%	94.22%	-23.1%	-34.98%	-15.6%	50.63%	-5.43%	-92.18%	703.8%	235.12%	-32.66%	-42.85%	34.55%	83.99%	-11.25%	-38.18%	22.54%	60.79%	-100%	-
Charge d'intérêts ¹	-64	-83	-84	-85	-87	-83	-82	-83	-87	-88	-87	-88	-88	-88	-88	-92	-98	-98	-74	-98	-97.6	-97.7	-97.88	-97.88	-97.88	-97.88	-98	-98
Earnings before Tax (EBT) ¹	432	1,074	720	-85	986	1,616	891	1,131	786	1,650	1,182	657	528	987	928	-48	472	2,019	1,370	656	1,099	1,744	1,615	974	1,224	1,875	1,732	916
Change	-	148.61%	-32.96%	-	-	63.89%	-44.86%	26.94%	-30.5%	109.92%	-28.36%	-44.42%	-19.63%	86.93%	-5.98%	-	-	327.75%	-32.14%	-52.12%	67.48%	58.72%	-7.38%	-39.69%	25.68%	53.16%	-7.65%	-47.1%
Net income ¹	396	873	600	-40	827	1,310	733	934	662	1,333	1,018	551	454	819	975	-14	404	1,626	1,123	534	892.1	1,429	1,322	817.3	997.6	1,551	1,400	758.5
Change	-	120.45%	-31.27%	-	-	58.4%	-44.05%	27.42%	-29.12%	101.36%	-23.63%	-45.87%	-17.6%	80.4%	19.05%	-	-	302.48%	-30.93%	-52.45%	67.06%	60.2%	-7.51%	-38.17%	22.06%	55.52%	-9.73%	-45.84%
Announcement Date	22/10/19	23/01/20	21/04/20	23/07/20	20/10/20	21/01/21	20/04/21	20/07/21	19/10/21	20/01/22	19/04/22	21/07/22	19/10/22	24/01/23	19/04/23	20/07/23	18/10/23	19/01/24	17/04/24	19/07/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: The Travelers Companies, inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	2,244	652	-3,245	-7,756
Change	-	-	-	-	-	-70.94%	-597.7%	-339.01%
Announcement Date	23/01/20	21/01/21	20/01/22	24/01/23	19/01/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: The Travelers Companies, inc.

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	10,698	10,136	11,999	15,286	11,420	13,512
Change	-	-5.25%	18.38%	27.39%	-25.29%	18.32%
Announcement Date	14/02/19	13/02/20	11/02/21	17/02/22	16/02/23	15/02/24

¹USD in Million

Estimates

Forecast Financial Ratios: The Travelers Companies, inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	12.11%	14.82%	15.18%	-
EBIT Margin (%)	11.92%	12.31%	15%	11.58%	10.2%	12.88%	13.64%	14.35%
EBT Margin (%)	11.1%	11.15%	14.45%	9.93%	8.93%	11.51%	12.46%	12.45%
Net margin (%)	9.27%	9.29%	11.87%	8.42%	7.92%	9.6%	10.24%	10.87%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	2.45%	2.38%	3.09%	2.41%	2.48%	3.4%	2.95%	3.45%
ROE	10.9%	10%	12.7%	12.2%	13.6%	15.63%	16.41%	15.86%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	0.49x	0.11x	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	15.71%	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	31.81	33.78	26.97	-	47.5	-	-
Change	-	-	6.22%	-20.17%	-	-	-	-
Dividend per Share ¹	3.28	3.37	3.49	3.67	-	4.158	4.36	4.562
Change	-	2.74%	3.56%	5.16%	-	-	4.87%	4.63%
Book Value Per Share ¹	101.6	115.7	119.8	92.9	109.2	117.1	131.6	146.4
Change	-	13.91%	3.54%	-22.43%	17.53%	7.21%	12.38%	11.28%
EPS ¹	9.92	10.52	14.49	11.77	12.79	17.05	20.23	22.55
Change	-	6.05%	37.74%	-18.77%	8.67%	33.3%	18.67%	11.48%
Nbr of stocks (in thousands)	2,58,113	2,53,309	2,46,009	2,34,348	2,28,399	2,27,931	2,27,931	2,27,931
Announcement Date	23/01/20	21/01/21	20/01/22	24/01/23	19/01/24	-	-	-