Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
The Travelers's Claims Ratio % for the quarter that ended in Mar. 2024 was 65.20%
, which is higher than
58.40% for the pervious quarter ended in Dec. 2023.
The Travelers's Claims Ratio % for the annual that ended in Dec. 2023 was 68.90%
, which is higher than
67.10% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for The Travelers's Claims Ratio % or its related term are showing as below:
TRV's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
The Travelers Claims Ratio % Historical Data
The historical data trend for The Travelers's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Travelers's Claims Ratio %
For the Insurance - Property & Casualty subindustry, The Travelers's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Travelers (NYSE:TRV) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Travelers (NYSE:TRV) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
The Travelers Claims Ratio % Related Terms
Thank you for viewing the detailed overview of The Travelers's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Travelers (The Travelers) Business Description
Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses. Its personal lines are roughly evenly split between auto and homeowners insurance. Travelers derives 6% of its premiums from foreign markets.
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