2024 ANNUAL REPORT
BOARD OF DIRECTORS
Back row, from left: Santana, Golden, Thomsen, Schnitzer, Leonardi, Robinson and Williams.
Front row, from left: Otis, van Kralingen, Kane and Schermerhorn.
Russell G. Golden
Retired Chairman
Financial Accounting Standards Board
Director since 2023
William J. Kane
Retired Audit Partner
Ernst & Young
Director since 2012
Thomas B. Leonardi
Retired Executive Vice President
American International Group, Inc. and Vice Chairman,
AIG Life Holdings, Inc.
Director since 2021
Clarence Otis Jr.
Retired Chairman and CEO
Darden Restaurants, Inc.
Director since 2017
Elizabeth E. Robinson
Retired Global Treasurer
The Goldman Sachs
Group, Inc.
Director since 2020
Rafael Santana
President and CEO
Westinghouse Air Brake Technologies Corporation
Director since 2022
Todd C. Schermerhorn*
Retired Senior Vice
President and CFO
C. R. Bard, Inc.
Director since 2016
Alan D. Schnitzer
Chairman and CEO
Travelers
Director since 2015
Laurie J. Thomsen
Retired Partner and
Co-Founder
Prism Venture Partners
Director since 2004
Bridget A. van Kralingen
Senior Partner
Motive Partners
Director since 2022
David S. Williams
Retired Partner
Deloitte LLP
Director since 2024
*Independent Lead Director
BOARD COMMITTEES
Audit
Kane (Chair)
Golden
Schermerhorn
Thomsen
van Kralingen
Williams
Compensation
Otis (Chair)
Leonardi
Robinson
Santana
Executive
Schnitzer (Chair)
Kane
Leonardi
Otis
Robinson
Schermerhorn
Investment and Capital Markets
Robinson (Chair)
Leonardi
Otis
Santana
Nominating and Governance
Leonardi (Chair)
Otis
Robinson
Santana
Risk
Schermerhorn (Chair)
Golden
Kane
Thomsen
van Kralingen
Williams
To My Fellow Shareholders
Our 2024 Results Speak to the Broad
Strength of the Travelers Franchise
Underlying Underwriting Income
Our Investment Portfolio Continues to Perform
Our Data-Driven Underwriting Culture and Expertise Matter More Than Ever
Availability and Affordability
When Disaster Strikes, Excellence
in Claim Sets Us Apart
Preparing for Tomorrow — Leveraging the Power
of Artificial Intelligence
Consistent and Successful Long-Term Financial Strategy Delivers Shareholder Value
Return on Equity
Travelers Powerful Earnings Engine
A Balanced Approach to Rightsizing Capital
Our Diversified Businesses
Meaningful Total Shareholder Return
Firing on All Cylinders – the Outlook for Travelers
Brand Manifesto
Financial Highlights
Availability
and Affordability
Citizen Travelers
Travelers Institute
Our Communities
Our People
Executive
Officers
Board of Directors
Shareholders' Information
THE TRAVELERS COMPANIES, INC.
•
To My Fellow Shareholders
Our 2024 Results Speak
to the Broad Strength of the Travelers Franchise
Underlying Underwriting Income
Our Investment Portfolio Continues to Perform
Our Data-Driven Under-writing Culture and Expertise
Availability and Affordability
When Disaster Strikes, Excellence in Claim
Sets Us Apart
Leveraging the Power of Artificial Intelligence
Consistent and Successful Long-Term Financial Strategy
Return on Equity
Travelers Powerful
Earnings Engine
A Balanced Approach to Rightsizing Capital
Our Diversified Businesses
Meaningful Total
Shareholder Return
Firing on All Cylinders –
the Outlook for Travelers
Letter to Shareholders