Travelers Companies (The) · Earnings release · 8-K Exhibit 99

The Travelers Companies, Inc.

Financial Supplement - Third Quarter 2025

Page Number

Consolidated Results

Financial Highlights

1

Reconciliation to Net Income and Earnings Per Share

2

Statement of Income

3

Net Income by Major Component and Combined Ratio

4

Core Income

5

Selected Statistics - Property and Casualty Operations

6

Written and Earned Premiums - Property and Casualty Operations

7

Business Insurance

Segment Income

8

Segment Income by Major Component and Combined Ratio

9

Selected Statistics

Net Written Premiums

Bond & Specialty Insurance

Segment Income

Segment Income by Major Component and Combined Ratio

Selected Statistics

Net Written Premiums

Personal Insurance

Segment Income (Loss)

Segment Income (Loss) by Major Component and Combined Ratio

Selected Statistics

Net Written Premiums

Selected Statistics - Automobile

Selected Statistics - Homeowners and Other

Supplemental Detail

Interest Expense and Other

Consolidated Balance Sheet

Investment Portfolio

Investment Portfolio - Fixed Maturities Data

Investment Income

Net Realized Investment Gains (Losses) and Net Unrealized Investment Gains (Losses) included in Shareholders’ Equity

Reinsurance Recoverables

Net Reserves for Losses and Loss Adjustment Expense

Asbestos Reserves

Capitalization

Statutory Capital and Surplus to GAAP Shareholders’ Equity Reconciliation

Statement of Cash Flows

Statement of Cash Flows (continued)

Glossary of Financial Measures and Description of Reportable Business Segments

The information included in the Financial Supplement is unaudited. This document should be read in conjunction with the Company’s Form 10-Q which will be filed with the Securities and Exchange Commission.

Index

The Travelers Companies, Inc.

Financial Highlights

($ and shares in millions, except for per share data)

Net income

$

$

$

$

$

$

$

$

$

Net income per share:

Basic

$

$

$

$

$

$

$

$

$

Diluted

$

$

$

$

$

$

$

$

$

Core income

$

$

$

$

$

$

$

$

$

Core income per share:

Basic

$

$

$

$

$

$

$

$

$

Diluted

$

$

$

$

$

$

$

$

$

Return on equity

%

%

%

%

%

%

%

%

%

Core return on equity

%

%

%

%

%

%

%

%

%

Total assets, at period end

$

$

$

$

$

$

$

$

$

Total equity, at period end

$

$

$

$

$

$

$

$

$

Book value per share, at period end

$

$

$

$

$

$

$

$

$

Less: Net unrealized investment gains (losses), net of tax

Adjusted book value per share, at period end

$

$

$

$

$

$

$

$

$

Weighted average number of common shares outstanding (basic)

Weighted average number of common shares outstanding and common stock equivalents (diluted)

Common shares outstanding at period end

Common stock dividends declared

$

$

$

$

$

$

$

$

$

Common stock repurchased:

Under Board of Directors authorization

Shares

Cost

$

$

$

$

$

$

$

$

$

Other

Shares

—

—

—

Cost

$

$

3

$

3

$

2

$

$

$

3

$

$

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

1

The Travelers Companies, Inc.

Reconciliation to Net Income and Earnings per Share

($ and shares in millions, except earnings per share)

Net income

Net income

$

$

$

$

$

$

$

$

$

Adjustments:

Net realized investment (gains) losses, after-tax

(5)

Core income

$

$

$

$

$

$

$

$

$

Basic earnings per share

Net income

$

$

$

$

$

$

$

$

$

Adjustments:

Net realized investment (gains) losses, after-tax

Core income

$

$

$

$

$

$

$

$

$

Diluted earnings per share

Net income

$

$

$

$

$

$

$

$

$

Adjustments:

Net realized investment (gains) losses, after-tax

Core income

$

$

$

$

$

$

$

$

$

Adjustments to net income and weighted average shares for net income EPS calculations: (1)

Basic and Diluted

Net income, as reported

$

$

$

$

$

$

$

$

$

Participating share-based awards - allocated income

(8)

(5)

(3)

Net income available to common shareholders - basic and diluted

$

$

$

$

$

$

$

$

$

Common Shares

Basic

Weighted average shares outstanding

Diluted

Weighted average shares outstanding

Weighted average effects of dilutive securities - stock options and performance shares

Diluted weighted average shares outstanding

(1) Adjustments to net income and weighted average shares for net income EPS calculations can generally be used for the core income EPS calculations.

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

2

The Travelers Companies, Inc.

Statement of Income - Consolidated

($ in millions)

Revenues

Premiums

$

$

$

$

$

$

$

$

$

Net investment income

Fee income

Net realized investment gains (losses)

6

Other revenues

Total revenues

Claims and expenses

Claims and claim adjustment expenses

Amortization of deferred acquisition costs

General and administrative expenses

Interest expense

Total claims and expenses

Income before income taxes

Income tax expense

Net income

$

$

$

$

$

$

$

$

$

Other statistics

Effective tax rate on net investment income

%

%

%

%

%

%

%

%

%

Net investment income (after-tax)

$

$

$

$

$

$

$

$

$

Catastrophes, net of reinsurance:

Pre-tax

$

$

$

$

$

$

$

$

$

After-tax

$

$

$

$

$

$

$

$

$

Prior year reserve development - favorable:

Pre-tax

$

$

$

$

$

$

$

$

$

After-tax

$

$

$

$

$

$

$

$

$

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

3

The Travelers Companies, Inc.

Net Income by Major Component and Combined Ratio - Consolidated

($ in millions, net of tax)

Underwriting gain (loss)

$

$

$

$

$

$

$

$

$

Net investment income

Other income (expense), including interest expense

Core income

Net realized investment gains (losses)

5

Net income

$

$

$

$

$

$

$

$

$

Combined ratio (1) (2)

Loss and loss adjustment expense ratio

%

%

%

%

%

%

%

%

%

Underwriting expense ratio

%

%

%

%

%

%

%

%

%

Combined ratio

%

%

%

%

%

%

%

%

%

Impact on combined ratio:

Net favorable prior year reserve development

%

%

%

%

%

%

%

%

%

Catastrophes, net of reinsurance

%

%

%

%

%

%

%

%

%

Underlying combined ratio

%

%

%

%

%

%

%

%

%

(1) Before policyholder dividends.

(2) Billing and policy fees and other, which are a component of other revenues, are allocated as a reduction of underwriting expenses. In addition, fee income is allocated as a reduction of losses and loss adjustment expenses and underwriting expenses. These allocations are to conform the calculation of the combined ratio with statutory accounting. Additionally, general and administrative expenses include non-insurance expenses that are excluded from underwriting expenses, and accordingly, are excluded in calculating the combined ratio. See following:

($ in millions)

Billing and policy fees and other

$

$

$

$

$

$

$

$

$

Fee income:

Loss and loss adjustment expenses

$

$

$

$

$

$

$

$

$

Underwriting expenses

Total fee income

$

$

$

$

$

$

$

$

$

Non-insurance general and administrative expenses

$

$

$

$

$

$

$

$

$

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

4

The Travelers Companies, Inc.

Core Income - Consolidated

($ in millions)

Revenues

Premiums

$

$

$

$

$

$

$

$

$

Net investment income

Fee income

Other revenues

Total revenues

Claims and expenses

Claims and claim adjustment expenses

Amortization of deferred acquisition costs

General and administrative expenses

Interest expense

Total claims and expenses

Core income before income taxes

Income tax expense

Core income

$

$

$

$

$

$

$

$

$

Other statistics

Effective tax rate on net investment income

%

%

%

%

%

%

%

%

%

Net investment income (after-tax)

$

$

$

$

$

$

$

$

$

Catastrophes, net of reinsurance:

Pre-tax

$

$

$

$

$

$

$

$

$

After-tax

$

$

$

$

$

$

$

$

$

Prior year reserve development - favorable:

Pre-tax

$

$

$

$

$

$

$

$

$

After-tax

$

$

$

$

$

$

$

$

$

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

5

The Travelers Companies, Inc.

Selected Statistics - Property and Casualty Operations

($ in millions)

Statutory underwriting

Gross written premiums

$

$

$

$

$

$

$

$

$

Net written premiums

$

$

$

$

$

$

$

$

$

Net earned premiums

$

$

$

$

$

$

$

$

$

Losses and loss adjustment expenses

Underwriting expenses

Statutory underwriting gain (loss)

Policyholder dividends

Statutory underwriting gain (loss) after policyholder dividends

$

$

$

$

$

$

$

$

$

Other statutory statistics

Reserves for losses and loss adjustment expenses

$

$

$

$

$

$

$

$

$

Increase (decrease) in reserves

$

$

$

$

$

$

$

$

$

Statutory capital and surplus

$

$

$

$

$

$

$

$

$

Net written premiums/surplus (1)

(1) Based on 12 months of rolling net written premiums.

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

6

The Travelers Companies, Inc.

Written and Earned Premiums - Property and Casualty Operations

($ in millions)

Written premiums

Gross

$

$

$

$

$

$

$

$

$

Ceded

Net

$

$

$

$

$

$

$

$

$

Earned premiums

Gross

$

$

$

$

$

$

$

$

$

Ceded

Net

$

$

$

$

$

$

$

$

$

See Glossary of Financial Measures and Description of Reportable Business Segments on pages 35 and 36.

7

The Travelers Companies, Inc.

Segment Income - Business Insurance

($ in millions)

Revenues

Premiums

$

$

$

$

$

$

$

$

$

Net investment income

Fee income

Other revenues

Total revenues

Claims and expenses

Claims and claim adjustment expenses

Amortization of deferred acquisition costs