ProxyMiner / Company

TRAVELERS COMPANIES, INC.TRV

Latest proxy: 2026 · view on SEC ↗ · CIK 0000086312

CEO total pay

$26,968,756

Alan D. Schnitzer · 2025

Say on pay

Not disclosed

Use Ask for the underlying narrative

CEO pay ratio

Item 402(u)

204 to 1

Median employee: $132,067

Compensation committee

CD&A

Compensation Committee

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
Alan D. Schnitzer2025 compensation
Chairman and Chief Executive Officer
$26,968,756↑ 17%
94% at-risk
$1,450,000$9,417,364$9,000,000$143,146
Daniel S. Frey2025 compensation
Executive Vice President and Chief Financial Officer
$6,994,088↑ 13%
87% at-risk
$837,739$1,543,814$3,300,000$7,500
Gregory C. Toczydlowski2025 compensation
Executive Vice President and President, Business Insurance
$9,023,708↑ 15%
89% at-risk
$887,739$2,099,697$4,150,000$36,012
Avrohom J. Kess2025 compensation
Vice Chairman and Chief Legal Officer
$8,494,284↑ 13%
88% at-risk
$987,739$1,759,837$4,270,000$29,569
Michael F. Klein2025 compensation
Executive Vice President and President, Personal Insurance
$8,185,965↑ 15%
89% at-risk
$837,739$1,976,112$3,600,000$43,464

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

2025 Overview This overview summarizes performance highlights from this year and over time that the Compensation Committee considered when awarding variable compensation to our named executive officers in February 2026 with respect to the 2025 performance year. Another Year of Very Strong Financial Performance With respect to this year’s performance, the Compensation Committee considered the Company’s outstanding results and strategic accomplishments. Significantly, these results were driven by the fundamental, underlying strength of our business and strong execution, rather than any unusually favorable conditions or isolated factors, including favorable weather. Specifically, record underlying underwriting income along with net favorable prior year reserve development and strong net investment income, more than offset a record level of catastrophe losses, driven by the California wildfires. Net Income of $6.3 billion and Net Income per Diluted Share of $27.43Core Income* of $6.3 billion and Core Income per Diluted Share* of $27.59Return on Equity of 21.0% and Core Return on Equity* of 19.4%Book Value per Share and Adjusted Book Value per Share* increased 23% and 14%, respectively,…

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

  • hedging

    Stock Ownership Guidelines, Anti-Hedging and Pledging Policies, and Other

    “Stock Ownership Guidelines, Anti-Hedging and Pledging Policies, and Other”

  • pledging

    Stock Ownership Guidelines, Anti-Hedging and Pledging Policies, and Other

    “Stock Ownership Guidelines, Anti-Hedging and Pledging Policies, and Other”

  • clawback

    present

    “clawback policy is applicable to all incentive compensation awarded based on the achievement of a financial reporting measure, including the performance shares”

  • stock ownership guidelines

    present

    “executive stock ownership policy under which executives are expected to accumulate and retain”

  • change in control

    change in control on Mr

    “change in control on Mr”

  • compensation consultant

    independent

    “independent compensation consultant”

  • compensation committee

    Compensation Committee

    “In February 2026, the Compensation Committee”

Performance markers

Metric facts

  • revenue

    $10 million

    “Committee to assess the quality of the performance results and could result in negative unintended consequences. For example, a formulaic bonus plan tied to revenue growth (a common metric used in formulaic bonus plans) …”

  • ceo pay ratio

    204 to 1

    “CEO Pay Ratio As required by Section 953(B) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we provide the following information regarding the relationship of the annual total compensation of our employ…”

  • median employee compensation

    $132,067

    “of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we provide the following information regarding the relationship of the annual total compensation of our employees and the annual total compensation of Mr.…”

Ask

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