Travelers Insurance
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| Public | |
| Traded as | : TRV DJIA Component S&P 500 Component |
| Industry | Insurance |
| Predecessor | Citigroup |
| Founded | 1853 (as St. Paul Fire & Marine) 2004 (as The Travelers Companies) |
| Headquarters | New York City, New York, United States |
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Key people
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Alan D. Schnitzer (CEO) John Dasburg (Executive Chairman) |
| Products |
Insurance policies Risk management |
| Revenue |
 US$ 26.8 billion (2015)
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US$ 3.437 billion (2015)
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|
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US$ 3.439 billion (2015)
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| Total assets |
US$ 100.2 billion (2015)
|
| Total equity |
US$ 23.598 billion (2015)
|
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Number of employees
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approximately 30,000 (2015) |
| Website | Travelers.com |
The Travelers Companies is an American insurance company. It is the second largest writer of U.S. commercial property casualty insurance and the third largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City and its largest office in Hartford, Connecticut. Travelers also maintains a large office in St. Paul, Minnesota. It has been a component of the Dow Jones Industrial Average since June 8, 2009.
The company has field offices in every U.S. state, plus operations in the United Kingdom, Ireland, Singapore, China, Canada, and Brazil. In 2014, the company reported revenues of US $27 billion and total assets of US $103 billion.
Travelers, through its subsidiaries and approximately 14,000 independent agents and brokers, provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. The company offers insurance through three segments:
The main predecessor companies of The Travelers Companies, Inc. are The St. Paul Companies, Inc. and Travelers Property Casualty Corporation.
Saint Paul Fire and Marine Insurance Co. was founded March 5, 1853, in St. Paul, Minnesota, serving local customers who were having a difficult time getting claim payments in a timely manner from insurance companies on the east coast of the United States. It barely survived the Panic of 1857 by dramatically paring down its operations and later reorganizing itself into a (as opposed to a mutual company). It soon spread its operations across the country. In 1998 it acquired USF&G, known formerly as United States Fidelity and Guaranty Company, an insurance company based in Baltimore, Maryland, for $3.9 billion in stock and assumed debt. By buying USF&G, they went from the 13th to the eighth largest property and casualty insurance company in the United States. Through economies of scale between the two companies, and a difficult business environment, they downsized the company substantially over the coming years by selling certain business units to focus on more profitable business units.
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Wikipedia