Travelers reports Q2 2026 net income of $2.21B, combined ratio of 83.6%

Filed July 17, 2026 · Period ending July 17, 2026 · ~1 min read

Key Changes

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  Net income of $2.21B ($10.26/share) and core income of $2.16B ($10.04/share), up 46% and 44% year-over-year. Combined ratio improved 6.7 points to 83.6%, driven by lower catastrophe losses and favorable reserve development.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
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  Favorable prior-year reserve development of $578M, up from $315M in Q2 2025, driven by better-than-expected claims experience in workers' compensation and commercial property across multiple accident years.

  Exhibit 99.2 view on EDGAR →
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  Catastrophe losses of $518M pre-tax, down from $927M in Q2 2025, primarily from severe wind and hail storms. The reduction contributed 3.6 points to the combined ratio improvement.

  Exhibit 99.1 view on EDGAR →