Travelers Cos. Inc. (The) - S&P Global Ratings’ Credit Research

Travelers Cos. Inc. (The)

Travelers Cos. Inc. (The) - S&P Global Ratings’ Credit Research
Travelers Cos. Inc. (The)
Published Jul 26, 2021
14 pages (3977 words) — Published Jul 26, 2021
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The stable outlook reflects the group's very strong competitive position and robust capital adequacy, underscored by strong operating earnings. S&P Global Ratings expects the group's operating performance to remain consistent with historical profitability within our base-case projections by maintaining at least a 4-5 point lead in combined ratio, relative to the industry. We also expect Travelers to maintain favorable operating performance relative to peers, reflecting its record of disciplined underwriting and reserving. We could lower the ratings if capital adequacy weakens sustainably below 'AAA'; if the group cannot maintain its history of superior underwriting profitability; or if its competitive position materially erodes. We are unlikely to raise our ratings in the next 24 months. An upgrade is constrained by our

  
Brief Excerpt:

...Travelers' formidable market presence in the U.S. provides the group with a well-balanced mix of diversified businesses. The Travelers Cos. Inc. is a leading U.S. property/casualty (p/c) insurer in the independent agent distribution channel with a strong market position in several lines and a diversified mix of commercial and personal lines. The company is the sixth largest p/c insurer in the U.S., with a top 10 market position (measured by direct premiums written) in several commercial lines. Extremely strong capital has always been one of Travelers' attributes. Travelers' capital strength is robust and its time-tested balance sheet has withstood periods of heightened catastrophe activity and market uncertainty. Additionally, the company continues to take steps to maintain capital strength, like having proper catastrophe risk policies and strategic reinsurance purchases. Consistent profitability metrics has been one of key drivers behind Travelers ratings. Travelers' operating performance...

  
Report Type:

Full Report

Ticker
Issuer
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

The Travelers Cos. Inc. – 2022/07/28 – US$ 500.00

The Travelers Cos. Inc. – 2023/08/09 – US$ 500.00

The Travelers Cos. Inc. – 2020/08/24 – US$ 500.00

The Travelers Cos. Inc. – 2019/12/20 – US$ 500.00

The Travelers Cos. Inc. Senior Debt Rated 'A' – 2019/02/27 – US$ 150.00

Travelers Cos. Inc. – 2018/08/17 – US$ 500.00

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About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Travelers Cos. Inc. (The)" Jul 26, 2021. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Travelers-Cos-Inc-The-2694314>
  
APA:
S&P Global Ratings’ Credit Research. (). Travelers Cos. Inc. (The) Jul 26, 2021. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Travelers-Cos-Inc-The-2694314>
  
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