The Travelers Companies Inc
TRV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#S | LOCK|WCx>% | LOCK|@Ksgy! |
California Wildfires Will Be an Offset to Strong Industry Conditions This Year
Business Strategy and Outlook
We believe the strength of Travelers' commercial insurance operations puts a narrow economic moat around its business. While the commercial and personal sides of the businesses have generally offset each other in recent years, both sides are now enjoying tailwinds, although an expected $1.7 billion pretax loss from the California wildfires will be a bit of an offset this year.
