Company Research Report: Travelers
Company Overview
Name
Travelers
Mission of the Company
Travelers aims to take on risk and provide coverage and service needed to protect important personal and business assets.
Founding Information
- Founded: Over 170 years ago
- Founders: No specific information on the founders is available.
Key People
No specific key executives or leadership members are mentioned in the data.
Headquarters
- Location: One Tower Square, Hartford, Connecticut, United States
Number of Employees
- The company has more than 30,000 employees.
Revenue
- 2023 Revenue: Approximately $41 billion
Core Competency
- Travelers is renowned for its financial strength and being a leader in property casualty insurance.
Products
Individuals
- Auto Insurance: Covers various motor vehicles providing protection against accidents and theft.
- Home Insurance: Offers comprehensive coverage for homeowners.
- Renters and Condo Insurance: Protects rented homes and personal belongings.
- Umbrella Insurance: Provides additional liability protection.
- Valuable Items Insurance: Coverage for personal items with higher value.
- Flood Insurance: Specialized coverage for flood-related incidents.
Businesses
- Commercial Auto & Trucking: Insurance tailored for business vehicles and fleets.
- Property Insurance: Safeguards business property against damage and loss.
- General Liability: Protects businesses from general claims involving accidents and injuries.
- Cyber Insurance: Coverage for businesses against cyber threats and attacks.
- Workers Compensation: Offers benefits to employees injured at work.
Key Features
- Risk expertise and focus on innovation.
- Comprehensive coverage options for both personal and business needs.
- Sold primarily through independent agents and brokers.
- Advanced use of data analytics for risk assessment.
Recent Developments
Key Highlights from 2024
- Q3 2024 Performance: Travelers reported excellent third-quarter and year-to-date results.
- Military-Friendly Recognition: In November 2024, Travelers was acknowledged for its military-friendly culture.
- Partnership Initiatives: Recently collaborated with American Forests to mitigate wildfire risks through innovative methods and practices.
New Products and Features
No specific new products have been stated.
New Partnerships
- Wildfire Risk Initiative: In-depth partnership with American Forests to address wildfire risks.
Please note that the information is based solely on the data provided and is meant for informative purposes. Any gaps have been labeled as "No information is available."
