The Travelers Companies, Inc. Financial Ratios — TRV Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	4.82	5.97	8.32	7.78	6.8	5.64	3.7	4.4	4.41	4.39	5.71	4.25	4.32	6.87	8.07
Return on Assets (%)	1.36	2.36	3.52	3.57	3.38	3.01	2.02	2.43	2.45	2.38	3.09	2.41	2.48	3.86	4.54
Return on Capital (%)	- -	5.78	7.8	7.36	6.51	5.49	3.76	4.42	4.41	4.38	5.55	4.23	4.32	6.58	7.66
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	5.31	12.3	18.88	18.73	17.68	14.67	9.45	9.78	9.94	10.12	12.8	9.09	8.15	13.31	15.97
Profit Margin (%)	5.6	9.61	14.02	13.59	12.82	10.91	7.11	8.33	8.3	8.43	10.52	7.7	7.23	10.77	12.88
Net Income to Common Margin (%)	5.6	9.61	14.02	13.59	12.82	10.91	7.11	8.33	8.3	8.43	10.52	7.7	7.23	10.77	12.88
Effective Tax Rate (%)	- -	21.89	25.72	27.45	27.45	25.64	24.69	14.79	16.44	16.68	17.86	15.27	11.27	19.11	19.34
Dvd Payout Ratio (%)	46.6	28.06	19.85	19.75	21.49	25.12	38.18	32.26	32.19	31.92	23.73	30.79	30.36	19.02	15.57
Sustainable Growth Rate (%)	2.57	4.3	6.67	6.25	5.34	4.22	2.29	2.98	2.99	2.99	4.36	2.94	3.01	5.56	6.81

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	6,605	6,350	6,346	6,349	6,344	6,437	6,571	6,564	6,558	6,550	7,290	7,292	8,031	8,033	9,267
ST Debt	350	600	100	500	500	550	600	600	600	100	100	100	100	100	300
LT Debt	6,255	5,750	6,246	5,849	5,844	5,887	5,971	5,964	5,958	6,450	7,190	7,192	7,931	7,933	8,967
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	386	378	361	369	373	363	369	352	344	339	340	351	376	392	425
Common Equity/Total Assets	38.55	40.51	44.11	47.63	52.02	54.68	54.45	55.98	54.89	53.54	54.55	58.83	55.96	56.37	56.25
Long-Term Debt/Equity (%)	25.55	22.63	25.19	23.55	24.76	25.35	25.16	26.05	22.97	22.09	24.89	33.36	31.82	28.47	27.26
Long-Term Debt/Capital (%)	13.33	11.77	11.98	10.55	10	9.61	9.49	9.19	8.89	9.34	9.85	9.54	10.1	9.54	9.95
Long-Term Debt/Total Assets (%)	5.98	5.48	6.02	5.67	5.83	5.87	5.77	5.72	5.41	5.52	5.97	6.22	6.3	5.96	6.24
Total Debt/Equity (%)	26.98	25	25.59	25.56	26.88	27.72	27.69	28.67	25.28	22.43	25.24	33.82	32.23	28.83	28.17
Total Debt/Capital (%)	14.08	13	12.17	11.45	10.85	10.51	10.44	10.11	9.79	9.48	9.99	9.67	10.23	9.66	10.28
Total Debt/Total Assets (%)	6.32	6.05	6.11	6.16	6.33	6.42	6.35	6.3	5.96	5.61	6.05	6.3	6.37	6.03	6.45
Net Debt to Equity	26.11	23.7	24.41	24.06	25.27	26.4	26.24	27.04	23.37	19.96	22.6	30.12	30.22	26.79	26.01
Net Debt/Capital (%)	13.68	12.4	11.67	10.85	10.27	10.06	9.95	9.59	9.12	8.53	9.04	8.71	9.65	9.04	9.57
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	38.55	40.51	44.11	47.63	52.02	54.68	54.45	55.98	54.89	53.54	54.55	58.83	55.96	56.37	56.25
Long-Term Debt/Equity (%)	25.55	22.63	25.19	23.55	24.76	25.35	25.16	26.05	22.97	22.09	24.89	33.36	31.82	28.47	27.26
Long-Term Debt/Capital (%)	13.33	11.77	11.98	10.55	10	9.61	9.49	9.19	8.89	9.34	9.85	9.54	10.1	9.54	9.95
Long-Term Debt/Total Assets (%)	5.98	5.48	6.02	5.67	5.83	5.87	5.77	5.72	5.41	5.52	5.97	6.22	6.3	5.96	6.24
Total Debt/Equity (%)	26.98	25	25.59	25.56	26.88	27.72	27.69	28.67	25.28	22.43	25.24	33.82	32.23	28.83	28.17
Total Debt/Capital (%)	14.08	13	12.17	11.45	10.85	10.51	10.44	10.11	9.79	9.48	9.99	9.67	10.23	9.66	10.28
Total Debt/Total Assets (%)	6.32	6.05	6.11	6.16	6.33	6.42	6.35	6.3	5.96	5.61	6.05	6.3	6.37	6.03	6.45
CFO/Total Liabilities	2.71	4.06	4.83	4.72	4.48	5.8	5.2	5.38	6.18	7.44	7.94	6.87	7.63	8.62	9.57
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.71	0.76	0.86	0.93	0.99	1.03	1.05	1.03	1.04	1.01	1.06	1.16	1.12	1.21	1.25

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	1.85	1.18	1.26	1.36	1.35	1.4	1.45	1.48	1.53	1.55	1.7	1.8	1.96	2.11	2.21
Days Sales Outstanding	197.72	308.14	289.56	269.22	269.79	259.89	251.61	246.43	239.27	234.9	214.12	202.76	186.32	172.78	165.09
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	24,603	27,737	33,527	35,862	35,054	35,269	37,437	32,021	35,607	35,584	38,873	44,435	43,756	54,923	65,031
- Cash & Cash Equivalents	214	330	294	374	380	307	344	373	494	721	761	799	500	568	710
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	6,605	6,350	6,346	6,349	6,344	6,437	6,571	6,564	6,558	6,550	7,290	7,292	8,031	8,033	9,267
Enterprise Value	-37,391	-35,764	-29,202	-26,900	-25,016	-24,713	-24,378	-29,605	-31,831	-38,585	-37,137	-24,509	-32,265	-26,731	48,129
Total Capital	46,916	48,863	52,137	55,443	58,461	61,247	62,919	64,912	67,004	69,064	72,999	75,373	78,528	83,115	90,108
Total Debt/Capital (%)	14.08	13	12.17	11.45	10.85	10.51	10.44	10.11	9.79	9.48	9.99	9.67	10.23	9.66	10.28
Total Debt / EV	-0.18	-0.18	-0.22	-0.24	-0.25	-0.26	-0.27	-0.22	-0.21	-0.17	-0.2	-0.3	-0.25	-0.3	0.19
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.82	0.99
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.08	4.4
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.08	4.4
Diluted Market Cap	24,881	27,995	33,889	36,254	35,427	35,624	37,789	32,309	35,922	35,738	39,233	44,941	44,232	5,566,968	66,018
Diluted Enterprise Value	31,272	34,015	39,941	42,229	41,391	41,754	44,016	38,500	41,986	41,567	45,762	51,434	51,763	5,574,433	74,575
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	167.93	214.67
TTM Sales	25,446	25,740	26,191	27,174	26,815	27,625	28,902	30,282	31,581	31,981	34,816	36,896	41,373	46,428	48,828
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	2,576	3,525	4,084	3,961	3,705	4,739	4,426	4,680	5,492	6,801	7,553	6,762	8,045	9,391	10,949
TTM Free Cash Flow to Firm	2,576	3,525	4,084	3,961	3,705	4,739	4,426	4,680	5,492	6,801	7,553	6,762	8,045	9,391	10,949

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	11.47	8.67	8.88	9.82	10.32	7.97	9.11	7.38	6.9	5.48	5.39	6.95	5.74	613.51	6.22
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-37,391	-35,764	-29,202	-26,900	-25,016	-24,713	-24,378	-29,605	-31,831	-38,585	-37,137	-24,509	-32,265	-26,731	48,129
Low Price	45.97	55.86	72.5	79.89	95.21	101.23	113.76	111.08	115.06	76.99	133.12	149.65	157.33	189.87	230.23
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.82	0.99
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	17.27	11.22	9.13	9.71	10.19	11.7	18.21	12.69	13.58	13.19	10.62	15.64	14.63	10.99	10.34
Price/Earnings Average	16.49	10.03	8.41	8.49	9.54	10.84	16.79	13.9	13.82	11.11	10.41	14.33	13.41	10.26	9.48
Price/Earnings High	18.72	11.67	9.24	9.91	10.52	11.77	18.52	15.96	15.38	13.33	11.08	15.95	14.94	12.29	10.58
Price/Earnings Low	13.41	8.72	7.31	7.33	8.6	9.68	15.27	11.77	11.41	7.24	9.03	12.48	12.08	8.66	8.21
Price/Book Value	0.61	0.65	0.73	0.73	0.67	0.64	0.66	0.55	0.59	0.57	0.59	0.65	0.62	0.73	0.8
Price/Book Value Average	0.58	0.58	0.67	0.64	0.63	0.6	0.61	0.6	0.6	0.48	0.58	0.6	0.57	0.68	0.74
Price/Book Value High	0.66	0.68	0.74	0.74	0.69	0.65	0.68	0.69	0.67	0.58	0.62	0.67	0.63	0.82	0.82
Price/Book Value Low	0.47	0.51	0.59	0.55	0.57	0.53	0.56	0.51	0.49	0.31	0.5	0.52	0.51	0.58	0.64
Price/Tangible Book Value	1.19	1.28	1.61	1.71	1.78	1.82	1.93	1.72	1.64	1.43	1.58	2.57	2.12	2.36	2.28
Price/Tangible Book Value Average	1.14	1.15	1.48	1.5	1.66	1.69	1.78	1.88	1.67	1.2	1.55	2.35	1.94	2.2	2.09
Price/Tangible Book Value High	1.29	1.33	1.63	1.75	1.83	1.83	1.96	2.16	1.86	1.44	1.65	2.62	2.16	2.64	2.34
Price/Tangible Book Value Low	0.92	1	1.29	1.29	1.5	1.51	1.62	1.6	1.38	0.78	1.35	2.05	1.75	1.86	1.81
Price/Sales	0.97	1.08	1.28	1.32	1.31	1.28	1.3	1.06	1.13	1.11	1.12	1.2	1.06	1.18	1.33
Price/Sales Average	0.92	0.96	1.18	1.15	1.22	1.18	1.19	1.16	1.15	0.94	1.09	1.1	0.97	1.1	1.22
Price/Sales High	1.05	1.12	1.3	1.35	1.35	1.28	1.32	1.33	1.28	1.12	1.17	1.23	1.08	1.32	1.36
Price/Sales Low	0.75	0.84	1.03	1	1.1	1.06	1.09	0.98	0.95	0.61	0.95	0.96	0.87	0.93	1.06
Price/Cash Flow	11.34	8.59	8.79	9.71	10.21	7.89	9.03	7.31	6.84	5.46	5.34	6.87	5.67	6.05	6.13
Price/Cash Flow Average	10.83	7.68	8.09	8.48	9.55	7.31	8.32	8.01	6.96	4.6	5.24	6.3	5.2	5.65	5.62
Price/Cash Flow High	12.3	8.93	8.9	9.9	10.54	7.94	9.18	9.19	7.75	5.52	5.58	7.01	5.79	6.77	6.28
Price/Cash Flow Low	8.81	6.68	7.04	7.33	8.61	6.53	7.57	6.78	5.75	2.99	4.55	5.49	4.69	4.77	4.87
Price/Free Cash Flow Average	10.96	7.75	8.18	8.58	9.66	7.39	8.4	8.08	7.02	4.62	5.29	6.37	5.26	572.66	5.7
Price/Free Cash Flow High	12.44	9.01	8.99	10.01	10.65	8.02	9.27	9.27	7.82	5.54	5.63	7.09	5.86	686.53	6.37
Price/Free Cash Flow Low	8.91	6.74	7.11	7.41	8.7	6.59	7.64	6.84	5.8	3.01	4.59	5.55	4.74	483.57	4.94
EV/Sales Average	1.17	1.2	1.41	1.37	1.45	1.4	1.41	1.36	1.34	1.12	1.28	1.28	1.15	1.26	1.4
EV/Sales High	1.3	1.35	1.53	1.57	1.57	1.51	1.53	1.53	1.47	1.31	1.35	1.4	1.26	1.48	1.54
EV/Sales Low	1	1.07	1.26	1.22	1.33	1.28	1.3	1.19	1.14	0.79	1.14	1.14	1.06	1.09	1.23
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	59.17	71.82	90.54	105.85	112.86	122.42	135.64	119.75	136.95	140.37	156.43	187.49	190.49	240.89	290.06
High Price	64.17	74.7	91.68	107.94	116.48	123.09	137.95	150.55	155.09	141.87	163.29	191.22	194.51	269.56	296.85
Enterprise Value Average	29,889	30,834	36,937	37,304	38,776	38,808	40,741	41,260	42,295	35,794	44,641	47,230	47,627	58,731	68,143
Enterprise Value High	33,073	34,869	40,001	42,545	42,143	41,592	44,301	46,448	46,387	41,793	47,107	51,812	52,210	68,925	75,111
Enterprise Value Low	25,505	27,593	32,899	33,042	35,536	35,294	37,625	35,894	35,980	25,346	39,609	41,960	43,670	50,755	60,175

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	393	377	354	322	296	280	271	264	256	252	241	232	228	227	218
Diluted Weighted Avg Shares	420	390	374	342	314	291	279	270	262	255	251	240	232	23,110	228
Basic Weighted Avg Shares	416	386	370	339	311	288	276	267	260	254	248	237	230	228	224
Revenue per Share	61.2	66.65	70.73	80.21	86.33	95.89	104.72	113.25	121.47	126.16	140.1	155.68	180.12	203.63	217.79
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	3.43	6.4	9.92	10.9	11.07	10.46	7.45	9.44	10.08	10.64	14.74	11.99	13.02	21.93	28.05
Basic EPS from Cont Ops	3.43	6.4	9.92	10.9	11.07	10.46	7.45	9.44	10.08	10.64	14.74	11.99	13.02	21.93	28.05
Diluted EPS, GAAP	3.39	6.34	9.81	10.78	10.96	10.36	7.38	9.35	10	10.59	14.6	11.86	12.88	0.22	27.63
Diluted EPS from Cont Ops	3.39	6.34	9.81	10.78	10.96	10.36	7.38	9.35	10	10.59	14.6	11.86	12.88	0.22	27.63
Dividend per Share	1.6	1.8	1.97	2.15	2.38	2.63	2.84	3.04	3.25	3.4	3.5	3.69	3.95	4.17	4.37
Cash Flow per Share	5.22	8.36	10.31	10.9	11.06	15.51	15.03	16.38	20.02	25.72	29.27	27.28	33.57	39.8	47.31
Free Cash Flow per Basic Share	5.22	8.36	10.31	10.9	11.06	15.51	15.03	16.38	20.02	25.72	29.27	27.28	33.57	39.8	47.31
Cash & Equivalents per Share	164.98	180.87	186.54	203.99	213.82	230.54	247.78	255.01	284.6	318.42	335.21	321.67	365.92	393.36	116.72
Book Value per Share	96.95	110.08	123.66	144.91	167.79	190.25	204.16	218.2	232.48	246.6	264.42	287.26	306.91	329.31	360.58
Tangible Book Value per Share	49.73	56.08	56.2	61.75	63.57	67.24	70.43	69.6	83.28	98.26	98.89	73.08	89.98	102.07	127.08

The Travelers Companies, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)