Travelers Companies Inc., founded in 1864 and headquartered in New York City, is a leading provider of property and casualty insurance primarily in the United States. The company offers a diverse range of insurance products, including auto, home, and business insurance, as well as financial services and risk management solutions designed to meet the needs of individual and commercial clients.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Travelers has a long history of issuing bonds, first entering the bond market in the 1980s to support growth initiatives and optimize capital structure. Notably, in 2021, the company issued $600 million in senior notes to refinance existing debt, taking advantage of favorable market conditions. As of October 2023, Travelers' bond yields are competitive relative to the industry, reflecting strong credit ratings and investor confidence, while offering features such as callable options that provide added flexibility for the issuer in changing interest rate environments.