Presentation

Long-Term Financial Strategy

	Generation of	Balanced
	approach to
Meaningful and	top tier earnings
rightsizing
sustainable	and capital
capital and
competitive	substantially in
growing book
advantages	excess of growth
value per share
	needs
	over time

CREATE SHAREHOLDER VALUE

Objective: Mid-Teens Core ROE Over Time

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Enterprise Key Competitive Advantages

Retufocused company

Product breadth and specialization

• Leading U.S. commercial insurance writer in 2020 with a top 5 position in five major product lines1, including a #1 position in workers' compensation, and commercial multi peril
• Top 3 writer in personal insurance through independent agents2, including #1 in homeowners

Leadership position with distribution

• Leading commercial lines insurer in the UBS Semi-Annual Insurance Agent Survey when agents were asked to identify their commercial lines carriers3
• Relationships with more than13,500 independent agencies and brokers

Industry leading data and analytics

• Approximately35 predictive claim models leveraging data and analytics to improve claim outcomes for our customers and efficiency for us
• Proprietary risk assessment database with200M+ data points compiled over more than a decade

Industry leading claim and risk control capabilities

• More than500 risk control professionals, including a diverse set of engineers and industry specialists
• Our comprehensive catastrophe response provides Travelers with the industry-leading capability to handle CAT losses with our own, experienced employees. In 2021, nearly 92% of CAT Personal Insurance property claims were closed in 30 days

Strong & Simple Balance Sheet

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1 Excludes net unrealized investment gains (losses), net of tax, included in shareholders' equity

Travelers Business Segments

2021 Net Written Premiums: $32.0 Billion

Personal Insurance

$12.5B

Business Insurance

$16.1B

Bond &

Specialty

Insurance

$3.4B

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