The Travelers Companies, Inc. (FRA:PA9)

The Travelers Companies Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	5,874	4,999	2,991	2,842	3,662	2,697
Depreciation & Amortization	681	715	722	826	870	789
Other Amortization	7,236	6,973	6,226	5,515	5,043	4,773
Gain (Loss) on Sale of Investments	83	30	105	204	-171	-2
Change in Accounts Receivable	-357	-859	-1,341	-877	-258	94
Reinsurance Recoverable	-231	111	-63	344	-101	-162
Change in Unearned Revenue	829	1,488	2,590	1,862	1,249	592
Change in Insurance Reserves / Liabilities	3,001	2,680	2,843	2,050	2,388	2,622
Other Operating Activities	462	404	484	-141	812	100
Operating Cash Flow	9,985	9,074	7,711	6,465	7,274	6,519
Operating Cash Flow Growth	9.56%	17.68%	19.27%	-11.12%	11.58%	25.25%
Cash Acquisitions	-	-382	-	-4	-38	-
Investment in Securities	-8,274	-6,546	-6,209	-3,329	-4,863	-4,402
Other Investing Activities	-459	-352	-545	-364	-298	-377
Investing Cash Flow	-8,770	-7,264	-6,821	-3,728	-5,196	-4,892
Long-Term Debt Issued	-	-	738	-	739	490
Total Debt Repaid	-	-	-	-	-	-500
Net Debt Issued (Repaid)	1,233	-	738	-	739	-10
Issuance of Common Stock	239	321	141	267	293	127
Repurchases of Common Stock	-1,752	-1,117	-1,022	-2,061	-2,200	-672
Common Dividends Paid	-977	-951	-908	-875	-869	-861
Financing Cash Flow	-1,257	-1,747	-1,051	-2,669	-2,037	-1,416
Foreign Exchange Rate Adjustments	-1	-14	12	-30	-1	16
Net Cash Flow	-43	49	-149	38	40	227
Cash Interest Paid	392	390	370	349	337	339
Cash Income Tax Paid	1,119	1,310	201	817	707	578
Levered Free Cash Flow	14,582	16,469	12,488	12,208	14,165	10,785
Unlevered Free Cash Flow	14,837	16,714	12,723	12,428	14,378	10,997
Change in Working Capital	-4,108	-3,753	-2,660	-2,445	-1,949	-1,708

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