In terms of market value The Travelers Companies is the largest American insurance company. The primary business segments of the company are insurance, risk management and property & casualty insurance. In the New York Stock Exchange (NYSE) the company has been listed as TRV. TRV is supported by a massive workforce of more than 35,000 employees. As per the official reports for the fiscal year 2008 the total revenue stood at $ 24.477 billion and the net income was listed as $ 2.924 billion. The original predecessors of The Travelers Companies were Travelers Property Casualty Corporation and The St. Paul Companies, Inc.
The Travelers Companies has field offices in all the states of America along with foreign operations in China, Canada, United Kingdom, Ireland and Singapore. The company mainly relies upon three segments to deliver the insurance policies. They are:
1.Financial, professional and international insurance: it includes crime, financial liability businesses and surety along with property and casualty products.
2.Business insurance
3.Personal insurance: auto insurance, renters insurance, boat & yacht insurance and home owners insurance.
TRV is currently holding the 99th position in the Fortune 500 list of largest US companies. The company has replaced its former parent Citigroup on the Dow Jones Industrial Coverage on 8th June, 2008.
TRV can be trusted for its long lasting profitable standing in the business arena. Despite the effects of recession, it is expected that it will bounce back with its normal strength very soon. If you want to learn the prospects of trading in its stocks which are very good financial tool for both short term and long term wealth building, you can request free reports and tips from this site. We provide well crafted guidance and analysis to buy or sell stocks in the trading arena with quality trading calls.
