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Travelers Q2 profit jumps 46% as catastrophe losses fall

Travelers reported a Q2 combined ratio of 83.6, and net premiums written rose 3% to about $6 billion.

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Travelers reported second-quarter 2026 net income of about $2.2 billion, up 46% year over year, helped by lower catastrophe losses and favorable prior-year reserve development, Insurance Journal said. The insurer said catastrophe losses totaled $518 million in the quarter, compared with $927 million in Q2 2025.

Travelers also benefited from favorable reserve development of $578 million in Q2, which more than offset its catastrophe losses, according to Insurance Journal. The company’s Q2 combined ratio improved to 83.6, a gain of 6.7 points versus Q2 2025.

At the halfway point of 2026, Travelers said net income has doubled to about $3.9 billion and the combined ratio improved 10.2 points to 86.1. Total underwriting income rose $716 million to about $1.7 billion in Q2, the outlet reported.

Travelers’ underwriting gain in its business insurance segment more than doubled to $728 million, while the segment combined ratio improved 6.8 points to 86.8. The company reported net premiums written grew 3% to about $6 billion, and said favorable reserve development in business insurance was $319 million in Q2 versus $79 million a year earlier, driven by better-than-expected loss experience in workers’ compensation and commercial property.

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