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    Kev Matasari • Deutsche Bank AG

    Kev Matasari's questions to Travelers Companies Inc (TRV) leadership

    Kev Matasari's questions to Travelers Companies Inc (TRV) leadership • Q2 2025

    Question

    Kev Matasari questioned if the elevated level of share repurchases was a new baseline or linked to market volatility. He also asked if relaxing property restrictions in Personal Lines meant relaxing the underwriting balance between property and auto business.

    Answer

    CFO Dan Fry clarified that buybacks are for rightsizing capital, not market timing, and that proceeds from the Canada sale are not yet available. Michael Klein, President of Personal Insurance, reiterated that the goal is to shift the portfolio mix toward auto, and relaxing property restrictions is intended to support writing more packaged business.

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    Kev Matasari's questions to Travelers Companies Inc (TRV) leadership • Q2 2025

    Question

    Kev Matasari asked if the quarter's elevated share repurchases were a new baseline or tied to market timing. He also questioned if relaxing property restrictions would alter the strategy of balancing the auto and property business mix in Personal Lines.

    Answer

    CFO Dan Fry clarified that repurchases are for rightsizing excess capital, not market timing, and that proceeds from the Canada sale are not yet available. Michael Klein, President of Personal Insurance, reiterated the goal is to rebalance the portfolio toward auto, and relaxing property restrictions is intended to support writing more packaged (auto and property) business.

    Ask Fintool Equity Research AI