The Travelers Companies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	6,288	4,999	2,991	2,842	3,662	Upgrade
Depreciation & Amortization	680	715	722	826	870	Upgrade
Other Amortization	7,266	6,973	6,226	5,515	5,043	Upgrade
Gain (Loss) on Sale of Investments	48	30	105	204	-171	Upgrade
Change in Accounts Receivable	-115	-859	-1,341	-877	-258	Upgrade
Reinsurance Recoverable	-137	111	-63	344	-101	Upgrade
Change in Unearned Revenue	584	1,488	2,590	1,862	1,249	Upgrade
Change in Insurance Reserves / Liabilities	3,300	2,680	2,843	2,050	2,388	Upgrade
Other Operating Activities	291	404	484	-141	812	Upgrade
Operating Cash Flow	10,606	9,074	7,711	6,465	7,274	Upgrade
Operating Cash Flow Growth	16.88%	17.68%	19.27%	-11.12%	11.58%	Upgrade
Cash Acquisitions	-	-382	-	-4	-38	Upgrade
Investment in Securities	-7,215	-6,546	-6,209	-3,329	-4,863	Upgrade
Other Investing Activities	-389	-352	-545	-364	-298	Upgrade
Investing Cash Flow	-7,652	-7,264	-6,821	-3,728	-5,196	Upgrade
Long-Term Debt Issued	1,233	-	738	-	739	Upgrade
Net Debt Issued (Repaid)	1,233	-	738	-	739	Upgrade
Issuance of Common Stock	214	321	141	267	293	Upgrade
Repurchases of Common Stock	-3,131	-1,117	-1,022	-2,061	-2,200	Upgrade
Common Dividends Paid	-979	-951	-908	-875	-869	Upgrade
Financing Cash Flow	-2,663	-1,747	-1,051	-2,669	-2,037	Upgrade
Foreign Exchange Rate Adjustments	23	-14	12	-30	-1	Upgrade
Miscellaneous Cash Flow Adjustments	-171	-	-	-	-	Upgrade
Net Cash Flow	143	49	-149	38	40	Upgrade
Cash Interest Paid	393	390	370	349	337	Upgrade
Cash Income Tax Paid	1,274	1,310	201	817	707	Upgrade
Levered Free Cash Flow	12,101	16,488	12,338	12,208	14,165	Upgrade
Unlevered Free Cash Flow	12,366	16,733	12,573	12,428	14,378	Upgrade
Change in Working Capital	-3,741	-3,753	-2,660	-2,445	-1,949	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.