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Travelers profit rises on stronger underwriting, lower catastrophe losses - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Travelers profit rises on stronger underwriting, lower catastrophe losses Financial Results , P/C Insurers The Travelers Cos. Apr 16, 2026 (Reuters) – Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a year earlier, when results were severely hit by the Los Angeles wildfires. Shares of the company, whose earnings often serve as a bellwether for the sector as well as broader underwriting trends, were down marginally in volatile trading on Thursday. Global insurance spending remained resilient in the first quarter of 2026, as heightened geopolitical risks spurred demand for protection even as a military escalation in the Middle East led to a spike in energy prices and worsened inflation. Industry data showed a strong appetite for both personal and commercial policies. Travelers reported a core profit of $1.7 billion compared with $443 million a year earlier. Its underwriting gain came in at $1.17 billion, compared with an underwriting loss of $305 million in the year-ago period. “Catastrophe losses for the quarter totaled $761 million pre-tax, with the largest events being the winter storm that impacted much of the country in January and a large tornado-hail event in March,” said CFO Dan Frey on a call with analysts. The company’s catastrophe losses, net of reinsurance, fell to $761 million for the quarter ended March 31, compared with $2.27 billion a year earlier. “These results, along with our exceptionally strong balance sheet, enabled us to return more than $2.2 billion of excess capital to our shareholders during the quarter, including $2.0 billion of share repurchases,” said CEO Alan Schnitzer in a statement. The company also has a diversified investment portfolio, a massive chunk of which goes into fixed income, which helps it maintain a good return even during a stock market downturn, such as in the first three months of 2026. Net investment income rose 9% after tax to $833 million in the first quarter. Shares of the company have gained about 3.2% so far in 2026, outperforming broader markets. Related News Q1 insured cat losses 6% above century average: Aon April 16, 2026 Tennessee board affirms denial of benefits in hospital security injury case April 16, 2026 Record earnings in property/casualty industry in 2025: Fitch April 16, 2026 Appeals court upholds comp exclusivity in fitness club assault April 16, 2026 Howden recruits former Acrisure transportation team April 16, 2026 U.K. targets wider NDA ban ahead of 2027 rollout April 16, 2026 India sets up $100M marine insurance pool April 16, 2026 Helvetia’s earnings grow 13% April 16, 2026 RiverStone’s profit rises to $295M April 16, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. 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