The Travelers Companies, Inc. (LON:0R03)

The Travelers Companies Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	6,288	4,999	2,991	2,842	3,662
Depreciation & Amortization	680	715	722	826	870
Other Amortization	7,266	6,973	6,226	5,515	5,043
Gain (Loss) on Sale of Investments	48	30	105	204	-171
Change in Accounts Receivable	-115	-859	-1,341	-877	-258
Reinsurance Recoverable	-137	111	-63	344	-101
Change in Unearned Revenue	584	1,488	2,590	1,862	1,249
Change in Insurance Reserves / Liabilities	3,300	2,680	2,843	2,050	2,388
Other Operating Activities	291	404	484	-141	812
Operating Cash Flow	10,606	9,074	7,711	6,465	7,274
Operating Cash Flow Growth	16.88%	17.68%	19.27%	-11.12%	11.58%
Cash Acquisitions	-	-382	-	-4	-38
Investment in Securities	-7,215	-6,546	-6,209	-3,329	-4,863
Other Investing Activities	-389	-352	-545	-364	-298
Investing Cash Flow	-7,652	-7,264	-6,821	-3,728	-5,196
Long-Term Debt Issued	1,233	-	738	-	739
Net Debt Issued (Repaid)	1,233	-	738	-	739
Issuance of Common Stock	214	321	141	267	293
Repurchases of Common Stock	-3,131	-1,117	-1,022	-2,061	-2,200
Common Dividends Paid	-979	-951	-908	-875	-869
Financing Cash Flow	-2,663	-1,747	-1,051	-2,669	-2,037
Foreign Exchange Rate Adjustments	23	-14	12	-30	-1
Miscellaneous Cash Flow Adjustments	-171	-	-	-	-
Net Cash Flow	143	49	-149	38	40
Cash Interest Paid	393	390	370	349	337
Cash Income Tax Paid	1,274	1,310	201	817	707
Levered Free Cash Flow	10,357	16,469	12,488	12,208	14,165
Unlevered Free Cash Flow	10,622	16,714	12,723	12,428	14,378
Change in Working Capital	-3,741	-3,753	-2,660	-2,445	-1,949

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.