The Travelers Companies Inc. (TRV, Financial) filed Annual Report for the period ended 2009-12-31.
The Travelers Companies Inc. has a market cap of $28.27 billion; its shares were traded at around $51.75 with a P/E ratio of 8.2 and P/S ratio of 1.1. The dividend yield of The Travelers Companies Inc. stocks is 2.6%. The Travelers Companies Inc. had an annual average earning growth of 55% over the past 5 years.TRV is in the portfolios of David Einhorn of Greenlight Capital Inc, Richard Snow of Snow Capital Management, L.P., Diamond Hill Capital of Diamond Hill Capital Management Inc, Bill Frels of MAIRS & POWER INC, Richard Aster Jr of Meridian Fund, Irving Kahn of Kahn Brothers & Company Inc., Dodge & Cox, John Buckingham of Al Frank Asset Management, Inc., HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Brian Rogers of T Rowe Price Equity Income Fund, NWQ Managers of NWQ Investment Management Co, David Dreman of Dreman Value Management, Jeremy Grantham of GMO LLC, Paul Tudor Jones of The Tudor Group, Charles Brandes of Brandes Investment, George Soros of Soros Fund Management LLC, John Keeley of Keeley Fund Management, Warren Buffett of Berkshire Hathaway.
Investment CommitmentsThe Company has unfunded commitments to private equity limited partnerships and real estate partnerships in which it invests. These commitments were $1.32 billion and $1.56 billion at December 31, 2009 and 2008, respectively.
Under the sale agreement, SPC also committed to acquire a minimum level of reinsurance brokerage services from Aon through May 16, 2012. That commitment requires the Company to make a contractual payment to Aon to the extent such minimum level of service is not acquired. The maximum annual amount payable to Aon for such services and any such contractual payment related to that commitment is $20 million in 2010 and 2011, and $4 million in 2012.
survive for periods ranging from 12 months following the applicable closing date to the expiration of the relevant statutes of limitations, or in some cases agreed upon term limitations. Certain of these contingent obligations are subject to deductibles which have to be incurred by the obligee before the Company is obligated to make payments. The maximum amount of the Company's contingent obligation for indemnifications that are quantifiable was $1.40 billion at December 31, 2009, of which $12 million was recognized on the balance sheet at that date. These amounts resulted from indemnifications that were provided in connection with the sales of business entities.
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The Travelers Companies Inc. has a market cap of $28.27 billion; its shares were traded at around $51.75 with a P/E ratio of 8.2 and P/S ratio of 1.1. The dividend yield of The Travelers Companies Inc. stocks is 2.6%. The Travelers Companies Inc. had an annual average earning growth of 55% over the past 5 years.TRV is in the portfolios of David Einhorn of Greenlight Capital Inc, Richard Snow of Snow Capital Management, L.P., Diamond Hill Capital of Diamond Hill Capital Management Inc, Bill Frels of MAIRS & POWER INC, Richard Aster Jr of Meridian Fund, Irving Kahn of Kahn Brothers & Company Inc., Dodge & Cox, John Buckingham of Al Frank Asset Management, Inc., HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Brian Rogers of T Rowe Price Equity Income Fund, NWQ Managers of NWQ Investment Management Co, David Dreman of Dreman Value Management, Jeremy Grantham of GMO LLC, Paul Tudor Jones of The Tudor Group, Charles Brandes of Brandes Investment, George Soros of Soros Fund Management LLC, John Keeley of Keeley Fund Management, Warren Buffett of Berkshire Hathaway.
Highlight of Business Operations:
In November 2003, the parties reached a settlement of the Statutory and Hawaii Actions. This settlement includes a lump-sum payment of up to $412 million by TPC, subject to a number of significant contingencies. In May 2004, the parties reached a settlement resolving substantially all pending and similar future Common Law Claims against TPC. This settlement requires a payment of up to $90 million by TPC, subject to a number of significant contingencies. Among the contingencies for each of these settlements is a final order of the bankruptcy court clarifying that all of these claims, and similar future asbestos-related claims against TPC, are barred by prior orders entered by the bankruptcy court ("the 1986 Orders").Investment CommitmentsThe Company has unfunded commitments to private equity limited partnerships and real estate partnerships in which it invests. These commitments were $1.32 billion and $1.56 billion at December 31, 2009 and 2008, respectively.
Under the sale agreement, SPC also committed to acquire a minimum level of reinsurance brokerage services from Aon through May 16, 2012. That commitment requires the Company to make a contractual payment to Aon to the extent such minimum level of service is not acquired. The maximum annual amount payable to Aon for such services and any such contractual payment related to that commitment is $20 million in 2010 and 2011, and $4 million in 2012.
survive for periods ranging from 12 months following the applicable closing date to the expiration of the relevant statutes of limitations, or in some cases agreed upon term limitations. Certain of these contingent obligations are subject to deductibles which have to be incurred by the obligee before the Company is obligated to make payments. The maximum amount of the Company's contingent obligation for indemnifications that are quantifiable was $1.40 billion at December 31, 2009, of which $12 million was recognized on the balance sheet at that date. These amounts resulted from indemnifications that were provided in connection with the sales of business entities.
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