Travelers reported its fourth quarter (Q4) 2025 results, posting net income per diluted share of USD 11.06, up 23%. Core income per diluted share reached USD 11.13, an increase of 22%. For the full year (FY) 2025, net income was USD 6.3 billion, while core income totaled USD 6.3 billion. The Q4 2025 return on equity was 31.0%, and core return on equity was 29.6%. For the full year, return on equity stood at 21.0% and core return on equity at 19.4%. In the Business Insurance segment for Q4 2025, segment income was USD 1.3 billion. The loss and loss adjustment expense ratio was 55.1%, and the underwriting expense ratio was 29.3%, resulting in a combined ratio of 84.4%. Net written premiums for Business Insurance totaled USD 5.5 billion for the quarter.
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