Hartford vs Travelers Companies
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The short version
- Travelers Companies is the larger business, with $48.8B of revenue in fiscal 2025 against $28.4B for Hartford, about 1.7 times as much.
- Hartford grew revenue faster (6.9%, against 5.2%).
- Hartford earned a higher return on the capital invested in it (22.6%, against 20.1%).
- Investors pay more for each dollar of Travelers Companies’s earnings: a P/E of 10.5x against 8.8x for Hartford.
| Latest fiscal year | HIG · FY25 | TRV · FY25 |
|---|---|---|
| Size | ||
| Market cap | $37.8B | $83.9B |
| Revenue | $28.4B | $48.8B |
| Free cash flow | $5.8B | — |
| Net income | $3.8B | $6.3B |
| Growth | ||
| Revenue growth | 6.9% | 5.2% |
| 5-year growth | 6.7% | 8.8% |
| Share count change | −4.1% | −1.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 13.5% | 12.9% |
| FCF margin | 20.3% | — |
| Return on capital | 22.6% | 20.1% |
| Return on equity | 21.7% | 20.7% |
| Balance sheet | ||
| Net debt | −$159M | $2.7B |
| Net debt / EBITDA | −0.0x | 0.3x |
| Dividends and buybacks | $2.2B | $4.0B |
| Valuation & quality | ||
| P/E | 8.8x | 10.5x |
| Piotroski F-score | — | — |
Revenue
FY16
HIG $16.3B
TRV $27.6B
FY17
HIG $17.2B
TRV $28.9B
FY18
HIG $19.0B
TRV $30.3B
FY19
HIG $20.7B
TRV $31.6B
FY20
HIG $20.5B
TRV $32.0B
FY21
HIG $22.4B
TRV $34.8B
FY22
HIG $22.4B
TRV $36.9B
FY23
HIG $24.5B
TRV $41.4B
FY24
HIG $26.5B
TRV $46.4B
FY25
HIG $28.4B
TRV $48.8B
HIG
TRV
Operating margin
FY16
HIG —
TRV —
FY17
HIG —
TRV —
FY18
HIG —
TRV —
FY19
HIG —
TRV —
FY20
HIG —
TRV —
FY21
HIG —
TRV —
FY22
HIG —
TRV —
FY23
HIG —
TRV —
FY24
HIG —
TRV —
FY25
HIG —
TRV —
HIG
TRV
Free cash flow
FY16
HIG $1.8B
TRV —
FY17
HIG $1.9B
TRV —
FY18
HIG $2.7B
TRV —
FY19
HIG $3.4B
TRV —
FY20
HIG $3.8B
TRV —
FY21
HIG $4.0B
TRV —
FY22
HIG $3.8B
TRV —
FY23
HIG $4.0B
TRV —
FY24
HIG $5.8B
TRV —
FY25
HIG $5.8B
TRV —
HIG
TRV
Return on capital
FY16
HIG —
TRV 13.3%
FY17
HIG —
TRV 9.4%
FY18
HIG 11.8%
TRV 11.3%
FY19
HIG 14.7%
TRV 11.2%
FY20
HIG 10.3%
TRV 10.5%
FY21
HIG 13.5%
TRV 12.9%
FY22
HIG 12.2%
TRV 11.2%
FY23
HIG 18.1%
TRV 12.9%
FY24
HIG 20.4%
TRV 18.5%
FY25
HIG 22.6%
TRV 20.1%
HIG
TRV
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.