The Travelers Companies Inc
TRV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >pR | LOCK|FH&!K | LOCK|^LQ#!#& |
A Favorable Industry Backdrop Is Boosting Travelers' Returns
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 a $1.7 billion pretax loss from the California wildfires was a bit of an offset this past year.
