The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, and program managers. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty coverages and related risk management services through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners' insurance to individuals through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.

The Travelers Companies, Inc.

Arch Capital Group Ltd. ACGL reported third-quarter 2025 operating income of $2.77 per share, which beat the Zacks Consensus Estimate by 26.5%. The bottom line increased 39.2% year over year.
The quarterly results of ACGL benefited from higher premiums at its Insurance segment, improved net investment income and a not-so-active cat environment.
Behind the Headlines
Gross premiums written declined 0.6% year over year to $5.4 billion.
Net premiums written declined 2.1% year over year to $4 billion on higher premiums written in its Insurance segment.
Pre-tax net investment income increased 2.3% year over year to $408 million. The uptick was driven by growth in average invested assets, due in part to strong operating cash flows. The Zacks Consensus Estimate was pegged at $413.5 million. Our estimate was $416.4 million.
Operating revenues of $4.7 billion rose 7.8% year over year, driven by higher net premiums earned, net investment income and other income. However, revenues missed the Zacks Consensus Estimate by 0.6%.
Arch Capital Group Ltd. Price, Consensus and EPS Surprise
Pre-tax current accident year catastrophic losses for the company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, were $72 million.
Arch Capital’s underwriting income increased 61.9% year over year to $871 million. The combined ratio, the percentage of premiums paid out as claims and expenses, improved 680 basis points (bps) to 79.8. The Zacks Consensus Estimate was pegged at 84.
Segmental Results
Insurance: Gross premiums written increased 9.7% year over year to $2.6 billion. Net premiums written climbed 7.3% year over year to $2 billion, primarily reflecting business related to the MCE Acquisition. Our estimate was $1.9 billion.
Underwriting income of $129 million was 7.5% higher than the year-ago number. Our estimate was $199.9 million.
The combined ratio deteriorated 30 bps to 93.4. The Zacks Consensus Estimate was pegged at 94.5.
Reinsurance: Gross premiums written declined 9% year over year to $2.5 billion. Net premiums written declined 10.7% year over year to $1.7 billion, primarily due to the impact of two transactions in the year-ago quarter in the specialty line of business and the lower level of reinstatement premiums in the reported quarter. Our estimate was $2.2 billion.
Underwriting income was $482 million, up 223.5% year over year. The combined ratio improved 1620 bps year over year to 76.1. The Zacks Consensus Estimate was pegged at 81.57.
Mortgage: Gross premiums written dipped 2.7% year over year to $330 million. Net premiums written decreased 2.8% year over year to $274 million and reflected lower U.S. monthly and single premium volume. Our estimate was $271.3 million.
Underwriting income decreased 3.3% year over year to $260 million. The combined ratio deteriorated 130 bps to 13.5. The Zacks Consensus Estimate was pegged at 23.22.
Financial Update
Arch Capital exited the quarter with cash of $1.1 billion, which increased 8.6% from 2024-end. Debt was $2.7 billion as of Sept. 30, 2025, which remained unchanged from the end of 2024.
As of Sept. 30, 2025, the book value per share was $62.32, up 17.3% from the 2024-end level.
Annualized operating return on average common equity expanded 70 bps year over year to 18.5%. Cash from operations of $2.2 billion increased 8.3% year over year.
ACGL repurchased $732 million worth of shares in the third quarter of 2025.
Zacks Rank
ACGL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
The Progressive Corporation’s PGR third-quarter 2025 earnings per share of $4.05 missed the Zacks Consensus Estimate by 20.3%. Operating revenues of $22.2 billion missed the Zacks Consensus Estimate by 0.6%. However, the bottom line increased 13.1% year over year while the top line increased 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Arch Capital Q3 Earnings Beat, Revenues Miss Estimates

Cincinnati Financial Corporation CINF reported third-quarter 2025 operating income of $2.85 per share, which surpassed the Zacks Consensus Estimate by 41.8%. The bottom line increased 100.7% year over year.
The quarterly results of CINF were aided by premium growth initiatives, price increases and higher interest income from fixed-maturity securities.
Operational Update
Total operating revenues in the quarter under review were $2.9 billion, which improved 12.1% year over year. This improvement was driven by higher earned premiums, investment income and other revenues. The top line beat the consensus mark by 0.8%.
Cincinnati Financial Corporation Price, Consensus and EPS Surprise
Cincinnati Financial Corporation price-consensus-eps-surprise-chart | Cincinnati Financial Corporation Quote
Net written premiums climbed 9% year over year to $2.5 billion, driven by premium growth initiatives, price increases and a higher level of insured exposures, as well as contributions to growth from Cincinnati Re and Cincinnati Global.
Investment income, net of expenses, increased 14% year over year to $295 million and was higher than our estimate of $291.6 million. It was due to an increase in interest income from fixed-maturity securities and an increase in equity portfolio dividends. The Zacks Consensus Estimate was pegged at $300.3 million.
Total benefits and expenses of Cincinnati Financial increased 14.5% year over year to $2.3 billion, primarily due to higher underwriting, acquisition and insurance expenses. Our estimate was $2.5 billion.
In its property & casualty (P&C) insurance business, CINF witnessed an underwriting income of $293 million, which increased nearly fivefold from the year-ago period. The combined ratio, a measure of underwriting profitability, improved 920 basis points (bps) year over year to 88.2. Our estimate was pinned at 98.
Quarterly Segment Update
Commercial Lines Insurance: Total revenues of $1.2 billion increased 8% year over year, driven by an 8% rise in premiums earned. Our estimate was $1.3 billion and the Zacks Consensus Estimate was $1.2 billion.
Underwriting income was $111 million, which jumped nearly 37% year over year. The combined ratio improved 190 bps year over year to 91.9. Our estimate was pegged at 92.7.
Personal Lines Insurance: Total revenues of $839 million increased 23% year over year on account of a 24% rise in premiums earned. Our estimate was $900.9 million, while the Zacks Consensus Estimate was pegged at $852.6 million.
The company reported an underwriting profit of $99 million against an underwriting loss of $22 million incurred in the year-earlier period. The combined ratio improved 2210 bps year over year to 88.2.
Excess and Surplus Lines Insurance: Total revenues of $157 million grew 11% year over year, aided by 11% higher earned premiums. Our estimate was $168.7 million, while the Zacks Consensus Estimate was pegged at $178.8 million.
Underwriting profit jumped 138% year over year to $19 million. Our estimate was pinned at $14.2 million. The combined ratio improved 550 bps year over year to 98.8. Our estimate was 92.1.
Life Insurance: Total revenues were $135 million, up 5% year over year. The Zacks Consensus Estimate was pegged at $95.1 million. Our estimate was $83.5 million.
Total benefits and expenses decreased 4% year over year to $99 million due to lower contract holders’ benefits incurred and lower underwriting expenses incurred.
Financial Update
As of Sept. 30, 2025, Cincinnati Financial had total assets worth $40.6 billion, up 11.1% from the level at the end of 2024.
Total debt was $815 million as of Sept. 30, 2025, which remained unchanged from the 2024-end level.
The company’s debt-to-capital ratio was 5% as of Sept. 30, 2025, which improved 50 bps from the end of 2024.
As of Sept. 30, 2025, CINF’s book value per share was $98.76, up 12% from 2024-end.
Zacks Rank
CINF currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
The Progressive Corporation’s PGR third-quarter 2025 earnings per share of $4.05 missed the Zacks Consensus Estimate by 20.3%. Operating revenues of $22.2 billion missed the Zacks Consensus Estimate by 0.6%. However, the bottom line increased 13.1% year over year while the top line increased 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Cincinnati Financial Q3 Earnings and Revenues Top, Premiums Rise Y/Y

Brown & Brown, Inc.’s BRO third-quarter 2025 adjusted earnings of $1.05 per share beat the Zacks Consensus Estimate by 16.6%. The bottom line increased 15.4% year over year.
The quarterly results reflected increased organic revenues, higher commission and fees, improved investment income and other income, and expanded EBITDAC margin, offset by higher expenses.
Brown & Brown, Inc. Price, Consensus and EPS Surprise
BRO’s Q3 Details
Total revenues of $1.6 billion beat the Zacks Consensus Estimate by 6.6%. The top line improved 35.4% year over year. The upside can be primarily attributed to commission and fees, which grew 34.2% year over year to $1.5 billion, as well as higher investment and other income. Our estimate for commission and fees growth was 21.9%. The Zacks Consensus Estimate is pegged at $1.4 billion.
Organic revenues improved 3.5% to $1.2 billion in the quarter under review.
Investment and other income increased 80.6% year over year to $56 million. Our estimate was $36.4 million.
Adjusted EBITDAC was $587 million, up 41.8% year over year. EBITDAC margin expanded 170 basis points (bps) year over year to 36.6%. Our estimate for adjusted EBITDAC was $483.7 million.
Total expenses increased 49% to $1.3 billion due to a rise in employee compensation and benefits, other operating expenses, amortization, depreciation, mark-to-market of escrow liability, and interest. Our estimate was $1.2 billion.
Financial Update of BRO
Brown & Brown exited the third quarter with cash and cash equivalents of $1.2 billion, which increased 76.2% from the 2024-end level.
Long-term debt was $7.6 billion as of Sept. 30, 2025, more than double from the 2024-end level.
Net cash provided by operating activities in the first nine months of 2025 was $1 billion, up 23.7% year over year.
Capital Deployment
The board of directors declared a 10% increase to its quarterly dividend to 16.5 cents per share. The dividend will be paid out on Nov. 12, 2025, to shareholders of record at the close of business on Nov. 5, 2025. The dividend hike marks Brown & Brown’s 32nd consecutive annual dividend increase.
The board has also authorized the purchase of up to an additional $1.25 billion of shares. With this authorization, Brown & Brown will have outstanding approval to purchase up to approximately $1.5 billion of BRO's outstanding common stock.
Zacks Rank
BRO carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year. Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion. Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year. Property and casualty underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Brown & Brown Q3 Earnings & Revenues Beat Estimates, Dividend Raised

Principal Financial Group, Inc.’s PFG third-quarter 2025 operating net income of $2.10 per share missed the Zacks Consensus Estimate by 3.6%. Also, the bottom line increased 19% year over year.
Operating revenues increased 6.2% year over year to $3.8 billion due to increased premiums and other considerations, fees, and other revenues and net investment income. The metric missed the Zacks Consensus Estimate by 4.1%.
Principal Financial witnessed solid performance across the Retirement and Income Solution, Investment Management, Specialty Benefits segments and improved assets under management (AUM) and mixed performances in the other segments, offset by higher expenses.
Principal Financial Group, Inc. Price, Consensus and EPS Surprise
Behind the Headlines
Total expenses increased 3.8% year over year to $3.4 billion due to higher benefits, claims and settlement expenses, dividends to policyholders and operating expenses. The figure was lower than our estimate of $3.6 billion.
As of Sept. 30, 2025, Principal Financial’s AUM amounted to $784.3 billion, which included $0.4 billion of net cash flow and assets under administration of $1.8 trillion. AUM improved 10.1% from 2024-end.
Segment Update
Retirement and Income Solution: Revenues increased 11.8% year over year to $1.9 billion because of higher premiums and other considerations, fees, and other revenues and net investment income. The figure beat our estimate of $1.8 billion.
Pre-tax operating earnings increased 26% year over year to $310.3 million due to higher net revenue and disciplined expense management. The figure missed our estimate of $319 million.
Investment Management: Revenues rose 3.7% year over year to $483.9 million in the quarter due to higher fees and other revenues. The figure was higher than our estimate of $482.4 million.
Pre-tax operating earnings increased 9% year over year to $173.5 million, primarily driven by higher operating revenues less pass-through expenses and disciplined expense management. The figure was higher than our estimate of $157.1 million.
International Pension: Revenues decreased 10.5% year over year to $248 million, owing to lower premiums and other considerations, and net investment income. The figure was higher than our estimate of $245.4 million.
Pre-Tax operating earnings of $101.2 million declined 8% year over year. The metric beat our estimate of $76.4 million.
Specialty Benefits: Revenues increased 3.2% year over year to $896.5 million, owing to higher premiums and other considerations, fees and other revenues and net investment income. The metric missed our estimate of $939.2 million.
Pre-tax operating earnings of $155.5 million increased 53% year over year due to more favorable underwriting experience, along with growth in the business. The metric missed our estimate of $205.3 million.
Life Insurance: Revenues increased 5.6% year over year to $364.2 million owing to higher premiums and other considerations, fees and other revenues and net investment income. The metric missed our estimate of $422.9 million.
Pre-tax operating losses were $69 million, which was wider than the year-ago quarter’s loss of $37.3 million due to less favorable mortality. The figure was against our estimate of earnings of $107.3 million.
Corporate: Pre-tax operating losses of $91.6 million were wider than the loss of $79.4 million incurred a year ago. This increase was primarily due to lower interest income and higher operating expenses. The figure was wider than our estimate of a loss of $69.8 million.
Financial Update
As of Sept. 30, 2025, cash and cash equivalents were $5.1 billion, which increased 22% from 2024-end.
At the third-quarter end, long-term debt was $3.9 billion, which declined 0.7% from the 2024-end. As of Sept. 30, 2025, book value per share (excluding cumulative change in fair value of funds withheld, embedded derivative, and AOCI other than foreign currency translation adjustment) was $55.93, up 4.2% from 2024-end.
Dividend and Share Repurchase Update
Principal Financial returned $398 million of capital to shareholders, which included $225 million of share repurchases and $173 million of dividends in the third quarter.
The board of directors declared a fourth-quarter dividend of 79 cents per share, an 8% increase from the fourth quarter of 2024. The dividend will be paid out on Dec. 19, 2025, to shareholders of record as of Dec. 3.
Zacks Rank
Principal Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year. Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion. Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year. Property and casualty (P&C) underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Principal Financial Q3 Earnings & Revenues Lag Estimates, Dividend Up

For Immediate Release
Chicago, IL – October 27, 2025 – Today, Zacks Equity Research discusses The Travelers Companies TRV, The Allstate Corp. ALL, Cincinnati Financial Corp. CINF, CNA Financial Corp. CNA and Axis Capital Holdings Ltd. AXS.
Industry: P&C Insurance
Link: https://www.zacks.com/commentary/2776672/5-stocks-to-add-to-your-portfolio-from-the-prospering-pc-insurance-industry
The Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from prudent underwriting, exposure growth and accelerated digitalization. Industry players like The Travelers Companies, The Allstate Corp., Cincinnati Financial Corp., CNA Financial Corp. and Axis Capital Holdings Ltd. are poised to grow despite a rise in catastrophic events. Given an active catastrophe environment, the policy renewal rate should accelerate. The increasing adoption of technology and the emergence of insurtech help the industry players function smoothly.
However, insurers are witnessing soft pricing after several years of improved pricing. Also, the Fed in its September FOMC meeting had implemented an interest rate cut and hinted at the possibility of more through the year. Though insurers are direct beneficiaries of an improved rate environment and rate cuts are headwinds, investment income is expected to remain strong, given insurers’ diverse investment portfolio as well as continued growth of private market investments. Also, an investment portfolio skewed toward fixed-income maturities provides some upside. The imposition of tariffs by President Trump, as well as higher inflation, will have an impact on pricing. Nonetheless, an improvement in surplus and accelerated economic activities set the stage for a better M&A environment. Per Fitch Ratings, personal auto is expected to stay strong, and, coupled with better investment results and lower claims, should fuel insurers' performance in 2025.
About the Industry
The Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property insurance, and casualty insurance products and services. Such insurance helps to safeguard property in case of any natural or man-made disasters. Some industry players also provide liability coverage. The insurance coverage offered also includes automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety. Premiums are the primary source of revenues for these insurers. Better pricing and increased exposure drive premiums. These companies invest a portion of premiums to meet their commitments to policyholders. However, rate cuts by the Fed is a downside.
4 Trends Shaping the Future of the Property and Casualty Insurance Industry
Proper pricing to help navigate claims: Catastrophes remain a major concern for insurers due to the high losses incurred, leading to rate increases to ensure claims payouts. Per Global Insurance Market Index by Marsh, global commercial insurance rates fell 4% in the third quarter, for fifth straight time. The Index noted rate decline were across all regions and most product lines. Fitch Ratings expects strong performance in personal auto insurance, driven by improved investment returns and reduced claims. S&P Global projects that underwriting profits in this segment will stabilize as insurers aim to grow policy volumes while keeping rates steady or slightly reduced. Deloitte estimates gross premiums to grow sixfold to $722 billion by 2030, with China and North America accounting for over two-thirds of the total. Swiss Re predicts premium growth of 5% in 2025 and 4% in 2026.
Catastrophe loss induces volatility in underwriting profits: Catastrophe events drag down profitability of the P&C insurers. The latest report published by CSU states that the 2025 hurricane season may have 16 named storms, including eight hurricanes and three major hurricanes. Swiss Re estimates the combined ratio to be 98.5% in 2025 and deteriorate by another 50 basis points to 99% in 2026. Underwriting profitability is expected to be under pressure, primarily due to soft performance in personal lines, which are expected to witness higher catastrophe losses per Insurance Information Institute and Milliman. Exposure growth, better pricing, prudent underwriting and favorable reserve development will help withstand the blow. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.
Merger and acquisitions: Consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geography. Buying businesses along the same lines will also continue as players look to gain market share and grow in their niche areas. With a sturdy capital level, the industry is witnessing a number of mergers, acquisitions and consolidations.
Increased adoption of technology: The industry is witnessing increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. The industry has also witnessed the emergence of insurtechs or technology-led insurers. The focus of insurtech is mainly on the property and casualty insurance industry. Insurers continue to invest heavily in technology, generative AI in particular, as it is expected to improve basis points, scale and efficiencies. However, the use of technology poses cyber threats.
Zacks Industry Rank Indicates Bright Prospects
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects in the near term. The Zacks Property and Casualty Insurance industry, which is housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #37, which places it in the top 15% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregates. Earnings estimates for 2025 have increased 5% year over year.
Before we present a few property and casualty stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms Sector and the S&P 500
The Property and Casualty Insurance industry has underperformed its sector and the Zacks S&P 500 composite year to date. The stocks in this industry have collectively risen 6.8% compared with the sector’s increase of 12.5% and the Zacks S&P 500 composite’s increase of 14.9% in the said time frame.
Current Valuation
On the basis of the trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.53X compared with the S&P 500’s 8.79X and the sector’s 4.23X.
Over the past five years, the industry has traded as high as 1.72X, as low as 1.17X and at the median of 1.42X.
5 Property and Casualty Insurance Stocks to Add
Here, we are discussing one Zacks Rank #1 (Strong Buy) stock and four Zacks Rank #2 (Buy) stocks from the P&C Insurance industry. You can see the complete list of today’s Zacks #1 Rank stocks here.
Travelers Companies: Based in New York, NY, Travelers Companies is one of the leading writers of auto and homeowners’ insurance, plus commercial U.S. property-casualty insurance. High levels of retention, improved pricing, increased new business and a positive renewal premium change, banking on the strength of a compelling product portfolio of coverages across nine lines of business, position it well for growth. Travelers’ commercial businesses should continue to perform well on the back of stability in the markets where it operates, as well as the execution of its strategies. It sports a Zacks Rank #1.
The Zacks Consensus Estimate for TRV’s 2025 and 2026 earnings suggests 12.3% and 7.6% year-over-year growth. The consensus estimate for 2025 and 2026 has moved up 11.3% and 4.7%, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 89.26%. It has a VGM Score of A. The expected long-term earnings growth rate is pegged at 4.6%.
Allstate: Headquartered in Northbrook, IL, Allstate is the third-largest P&C insurer and the largest publicly held personal lines carrier in the United States. Its premiums are poised to improve courtesy of rate increases in auto and home insurance businesses, as well as an enhanced distribution strategy. The company keeps expanding its Protection Services business with strategic acquisitions, which position it for long-term growth. Divestments and cost-cutting measures are expected to enhance the margins of this Zacks Rank #2 insurer.
The Zacks Consensus Estimate for ALL’s 2025 and 2026 earnings suggests 0.1% and 22% year-over-year growth, respectively. The consensus estimate for 2025 and 2026 has moved up 7.7% and 0.1%, respectively, in the past 30 days. The company delivered a four-quarter average earnings surprise of 57.7%. The expected long-term earnings growth rate is pegged at 11.8%, better than the industry average of 7%. It has a VGM Score of A.
Cincinnati Financial: Headquarters in Fairfield, OH, Cincinnati Financial markets property and casualty insurance. Cincinnati Financial continues to grow on better pricing, strong renewal, solid retention and exposure growth and a disciplined expansion of Cincinnati Re, which is making a nice contribution to its overall earnings. The company intends to grow the commercial lines segment through additional agency appointments, expansion of local field presence, enhanced expertise and a robust product catalog. It carries Zacks Rank #2.
The Zacks Consensus Estimate for 2026 earnings suggests 31.1% year-over-year growth. The consensus estimate for 2025 and 2026 earnings has moved 0.9% and 0.6% north, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 41.2%. It has a VGM Score of B. The expected long-term earnings growth rate is pegged at 3.5%, better than the industry average of 6.7%.
Axis Capital: Bermuda-based Axis Capital aims to be a leading specialty underwriter and thus focuses on growth areas, including wholesale insurance and lower middle markets. Lowering risk exposure while concentrating on accident and health, excess and supply property, casualty, credit and surety, and specialty reinsurance lines bodes well for growth. A compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position continue to drive this specialty and global reinsurer. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for 2025 and 2026 bottom line suggests a year-over-year increase of 8.7% and 1.9%, respectively. The expected long-term earnings growth rate is 6.8%. The consensus estimate for 2025 and 2026 has moved 1.6% and 0.9% north, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 13.4%.
CNA Financial: Headquartered in Chicago, IL, CNA Financial offers commercial P&C insurance products, mainly across the United States. It is one of the most versatile property and casualty insurers, maintaining its combined ratio at favorable levels despite a challenging operating environment. A compelling product portfolio, better retention, improved pricing, positive growth in all three operating segments and new business growth poise it well for growth. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for CNA’s 2026 earnings suggests 4.3% year-over-year growth. The expected long-term earnings growth rate is 2.5%. The consensus estimate for 2025 has moved 2.2% and 0.2% north, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 8.78%.
Free: Instant Access to Zacks' Market-Crushing Strategies
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.
Get all the details here >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See "2nd Wave" AI stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zacks Industry Outlook Highlights Travelers, Allstate, Cincinnati Financial, CNA Financial and Axis Capital

The Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from prudent underwriting, exposure growth and accelerated digitalization. Industry players like The Travelers Companies TRV, The Allstate Corporation ALL, Cincinnati Financial Corporation CINF, CNA Financial Corporation CNA and Axis Capital Holdings Limited AXS are poised to grow despite a rise in catastrophic events. Given an active catastrophe environment, the policy renewal rate should accelerate. The increasing adoption of technology and the emergence of insurtech help the industry players function smoothly.
However, insurers are witnessing soft pricing after several years of improved pricing. Also, the Fed in its September FOMC meeting had implemented an interest rate cut and hinted at the possibility of more through the year. Though insurers are direct beneficiaries of an improved rate environment and rate cuts are headwinds, investment income is expected to remain strong, given insurers’ diverse investment portfolio as well as continued growth of private market investments. Also, an investment portfolio skewed toward fixed-income maturities provides some upside. The imposition of tariffs by President Trump, as well as higher inflation, will have an impact on pricing. Nonetheless, an improvement in surplus and accelerated economic activities set the stage for a better M&A environment. Per Fitch Ratings, personal auto is expected to stay strong, and, coupled with better investment results and lower claims, should fuel insurers' performance in 2025.
About the Industry
The Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property insurance, and casualty insurance products and services. Such insurance helps to safeguard property in case of any natural or man-made disasters. Some industry players also provide liability coverage. The insurance coverage offered also includes automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety. Premiums are the primary source of revenues for these insurers. Better pricing and increased exposure drive premiums. These companies invest a portion of premiums to meet their commitments to policyholders. However, rate cuts by the Fed is a downside.
4 Trends Shaping the Future of the Property and Casualty Insurance Industry
Proper pricing to help navigate claims: Catastrophes remain a major concern for insurers due to the high losses incurred, leading to rate increases to ensure claims payouts. Per Global Insurance Market Index by Marsh, global commercial insurance rates fell 4% in the third quarter, for fifth straight time. The Index noted rate decline were across all regions and most product lines. Fitch Ratings expects strong performance in personal auto insurance, driven by improved investment returns and reduced claims. S&P Global projects that underwriting profits in this segment will stabilize as insurers aim to grow policy volumes while keeping rates steady or slightly reduced. Deloitte estimates gross premiums to grow sixfold to $722 billion by 2030, with China and North America accounting for over two-thirds of the total. Swiss Re predicts premium growth of 5% in 2025 and 4% in 2026.
Catastrophe loss induces volatility in underwriting profits: Catastrophe events drag down profitability of the P&C insurers. The latest report published by CSU states that the 2025 hurricane season may have 16 named storms, including eight hurricanes and three major hurricanes. Swiss Re estimates the combined ratio to be 98.5% in 2025 and deteriorate by another 50 basis points to 99% in 2026. Underwriting profitability is expected to be under pressure, primarily due to soft performance in personal lines, which are expected to witness higher catastrophe losses per Insurance Information Institute and Milliman. Exposure growth, better pricing, prudent underwriting and favorable reserve development will help withstand the blow. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.
Merger and acquisitions: Consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geography. Buying businesses along the same lines will also continue as players look to gain market share and grow in their niche areas. With a sturdy capital level, the industry is witnessing a number of mergers, acquisitions and consolidations.
Increased adoption of technology: The industry is witnessing increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. The industry has also witnessed the emergence of insurtechs or technology-led insurers. The focus of insurtech is mainly on the property and casualty insurance industry. Insurers continue to invest heavily in technology, generative AI in particular, as it is expected to improve basis points, scale and efficiencies. However, the use of technology poses cyber threats.
Zacks Industry Rank Indicates Bright Prospects
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects in the near term. The Zacks Property and Casualty Insurance industry, which is housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #37, which places it in the top 15% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregates. Earnings estimates for 2025 have increased 5% year over year.
Before we present a few property and casualty stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms Sector and the S&P 500
The Property and Casualty Insurance industry has underperformed its sector and the Zacks S&P 500 composite year to date. The stocks in this industry have collectively risen 6.8% compared with the sector’s increase of 12.5% and the Zacks S&P 500 composite’s increase of 14.9% in the said time frame.
Year-to-Date Price Performance
Current Valuation
On the basis of the trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.53X compared with the S&P 500’s 8.79X and the sector’s 4.23X.
Over the past five years, the industry has traded as high as 1.72X, as low as 1.17X and at the median of 1.42X.
Price-to-Book (P/B) Ratio (TTM)
Price-to-Book (P/B) Ratio (TTM)
5 Property and Casualty Insurance Stocks to Add
Here, we are discussing one Zacks Rank #1 (Strong Buy) stock and four Zacks Rank #2 (Buy) stocks from the P&C Insurance industry. You can see the complete list of today’s Zacks #1 Rank stocks here.
Travelers Companies: Based in New York, NY, Travelers Companies is one of the leading writers of auto and homeowners’ insurance, plus commercial U.S. property-casualty insurance. High levels of retention, improved pricing, increased new business and a positive renewal premium change, banking on the strength of a compelling product portfolio of coverages across nine lines of business, position it well for growth. Travelers’ commercial businesses should continue to perform well on the back of stability in the markets where it operates, as well as the execution of its strategies. It sports a Zacks Rank #1.
The Zacks Consensus Estimate for TRV’s 2025 and 2026 earnings suggests 12.3% and 7.6% year-over-year growth. The consensus estimate for 2025 and 2026 has moved up 11.3% and 4.7%, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 89.26%. It has a VGM Score of A. The expected long-term earnings growth rate is pegged at 4.6%.
Price and Consensus: TRV
Allstate: Headquartered in Northbrook, IL, Allstate is the third-largest P&C insurer and the largest publicly held personal lines carrier in the United States. Its premiums are poised to improve courtesy of rate increases in auto and home insurance businesses, as well as an enhanced distribution strategy. The company keeps expanding its Protection Services business with strategic acquisitions, which position it for long-term growth. Divestments and cost-cutting measures are expected to enhance the margins of this Zacks Rank #2 insurer.
The Zacks Consensus Estimate for ALL’s 2025 and 2026 earnings suggests 0.1% and 22% year-over-year growth, respectively. The consensus estimate for 2025 and 2026 has moved up 7.7% and 0.1%, respectively, in the past 30 days. The company delivered a four-quarter average earnings surprise of 57.7%. The expected long-term earnings growth rate is pegged at 11.8%, better than the industry average of 7%. It has a VGM Score of A.
Price and Consensus: ALL
Cincinnati Financial: Headquarters in Fairfield, OH, Cincinnati Financial markets property and casualty insurance. Cincinnati Financial continues to grow on better pricing, strong renewal, solid retention and exposure growth and a disciplined expansion of Cincinnati Re, which is making a nice contribution to its overall earnings. The company intends to grow the commercial lines segment through additional agency appointments, expansion of local field presence, enhanced expertise and a robust product catalog. It carries Zacks Rank #2.
The Zacks Consensus Estimate for 2026 earnings suggests 31.1% year-over-year growth. The consensus estimate for 2025 and 2026 earnings has moved 0.9% and 0.6% north, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 41.2%. It has a VGM Score of B. The expected long-term earnings growth rate is pegged at 3.5%, better than the industry average of 6.7%.
Price and Consensus: CINF
Axis Capital: Bermuda-based Axis Capital aims to be a leading specialty underwriter and thus focuses on growth areas, including wholesale insurance and lower middle markets. Lowering risk exposure while concentrating on accident and health, excess and supply property, casualty, credit and surety, and specialty reinsurance lines bodes well for growth. A compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position continue to drive this specialty and global reinsurer. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for 2025 and 2026 bottom line suggests a year-over-year increase of 8.7% and 1.9%, respectively. The expected long-term earnings growth rate is 6.8%. The consensus estimate for 2025 and 2026 has moved 1.6% and 0.9% north, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 13.4%.
Price and Consensus: AXS
CNA Financial: Headquartered in Chicago, IL, CNA Financial offers commercial P&C insurance products, mainly across the United States. It is one of the most versatile property and casualty insurers, maintaining its combined ratio at favorable levels despite a challenging operating environment. A compelling product portfolio, better retention, improved pricing, positive growth in all three operating segments and new business growth poise it well for growth. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for CNA’s 2026 earnings suggests 4.3% year-over-year growth. The expected long-term earnings growth rate is 2.5%. The consensus estimate for 2025 has moved 2.2% and 0.2% north, respectively, in the past 30 days. It delivered a four-quarter average earnings surprise of 8.78%.
Price and Consensus: CNA
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

5 Stocks to Add to Your Portfolio From the Prospering P&C Insurance Industry

Travelers (TRV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Travelers basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Travelers, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Travelers
This insurer is expected to earn $24.24 per share for the fiscal year ending December 2025, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Travelers. Over the past three months, the Zacks Consensus Estimate for the company has increased 15.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Travelers to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Travelers (TRV) Upgraded to Strong Buy: Here's What You Should Know

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Marqeta, Inc. MQ: This card issuing platform has seen the Zacks Consensus Estimate for its current year earnings increasing 42.9% over the last 60 days.
Marqeta, Inc. Price and Consensus
Guess?, Inc. GES: This apparel and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.
Guess?, Inc. Price and Consensus
The Travelers Companies, Inc. TRV: This insurance services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
The Travelers Companies, Inc. Price and Consensus
Chemomab Therapeutics Ltd. CMMB: This clinical-stage biotechnology company has seen the Zacks Consensus Estimate for its current year earnings increasing 70% over the last 60 days.
Chemomab Therapeutics Ltd. Sponsored ADR Price and Consensus
Chemomab Therapeutics Ltd. Sponsored ADR price-consensus-chart | Chemomab Therapeutics Ltd. Sponsored ADR Quote
Par Pacific Holdings, Inc. PARR: This energy and infrastructure business has seen the Zacks Consensus Estimate for its current year earnings increasing 100.6% over the last 60 days.
Par Pacific Holdings, Inc. Price and Consensus
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

New Strong Buy Stocks for Oct. 23: MQ, GES and More

Here are three stocks with buy rank and strong income characteristics for investors to consider today, Oct. 23:
Guess?, Inc. GES: This apparel and accessories company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.
Guess?, Inc. Price and Consensus
This Zacks Rank #1 company has a dividend yield of 5.4%, compared with the industry average of 0.0%.
Guess?, Inc. Dividend Yield (TTM)
Guess?, Inc. dividend-yield-ttm | Guess?, Inc. Quote
The Travelers Companies, Inc. TRV: This insurance services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
The Travelers Companies, Inc. Price and Consensus
This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.7%.
The Travelers Companies, Inc. Dividend Yield (TTM)
Lamb Weston Holdings, Inc. LW: This producer of value-added frozen potato productshas witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.
Lamb Weston Price and Consensus
This Zacks Rank #1 company has a dividend yield of 2.3%, compared with the industry average of 0.0%.
Lamb Weston Dividend Yield (TTM)
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Best Income Stocks to Buy for Oct. 23

Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year.
The quarterly results reflect strong performance across most of the segments, solid underwriting income, improved investment income, and a lower level of catastrophe.
Chubb Limited Price, Consensus and EPS Surprise
Quarter in Detail
Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion.
Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year.
Property and casualty (P&C) underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion. Current accident year underwriting income, excluding catastrophe losses, was $2.2 billion, up 10.3%.
Chubb Limited incurred a pre-tax P&C catastrophe loss, net of reinsurance and including reinstatement premiums of $285 million, which was narrower than the year-ago catastrophe loss of $765 million.
The P&C combined ratio improved 590 basis points (bps) on a year-over-year basis to 81.8% in the quarter under review. The Zacks Consensus Estimate for the combined ratio was pegged at 88.
Segmental Update
North America Commercial P&C Insurance: Net premiums written increased 2.9% year over year to $5.6 billion. Our estimate was $5.4 billion. The combined ratio improved 500 bps to 81.5%. Our estimate was 85.9.
North America Personal P&C Insurance: Net premiums written climbed 8.1% year over year to $1.8 billion. Our estimate was $1.7 billion. The combined ratio improved 1,620 bps to 65.1%, reflecting lower catastrophe losses and higher favorable prior period development. Our estimate was 85.9.
North America Agricultural Insurance: Net premiums written increased 5.6% from the year-ago quarter to $1.4 billion, primarily due to an increase in exposure in the company’s crop insurance business, which more than offset year-over-year declines in commodity prices. The figure matched our estimate. The combined ratio improved 240 bps to 88%. Our estimate was 96.4%.
Overseas General Insurance: Net premiums written jumped 9.7% year over year to $3.6 billion. The figure matched both the Zacks Consensus Estimate and our estimate. The combined ratio improved 270 bps to 83.3%. Our estimate was 88.4.
Global Reinsurance: Net premiums written declined 13.5% year over year to $304 million. Our estimate was $408.4 million. The combined ratio improved 1,700 bps to 77.4%. Our estimate was 127.9.
Life Insurance: Net premiums written increased 24.6% year over year to $1.93 billion, with growth of 26.5% in International Life. Our estimate was $1.8 billion.
The Life Insurance segment income was $324 million, up 13.9% in constant dollars. The Zacks Consensus Estimate was pegged at $278 million.
Financial Update
The cash balance of $2.4 billion, as of Sept. 30, 2025, decreased 3.7% from the 2024-end level. Total shareholders’ equity grew 13.7% from the level at 2024-end to $77.8 billion as of Sept. 30, 2025. Book value per share, as of Sept. 30, 2024, was $182.22, up 14% from the figure as of Dec. 31, 2024.
Core operating return on tangible equity expanded 280 bps year over year to 24.5%. Operating cash flow was $3.64 billion in the quarter under consideration, while adjusted operating cash flow was $4.51 billion.
Capital Deployment
In the quarter, Chubb Limited bought back shares worth $1.23 billion and paid $385 million in dividends.
Zacks Rank
Chubb Limited currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other P&C Insurers
The Progressive Corporation’s PGR third-quarter 2025 earnings per share of $4.05 missed the Zacks Consensus Estimate by 20.3%. Operating revenues of $22.2 billion missed the Zacks Consensus Estimate by 0.6%. However, the bottom line increased 13.1% year over year and the top line rose 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See "2nd Wave" AI stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Index	Bulls	Bears
Confidence		—
Support		—
Cash flows		—

	S/L 5%RUB 283.38	S/L 10%RUB 296.88	S/L 15%RUB 310.37
Day	0.01%	0.00%	0.00%
Week	7.48%	0.04%	0.00%
Month	38.47%	8.41%	1.08%

The Travelers Companies, Inc.

Market sentiment

Overall assessment

Share of longs and shorts

Long

Short

Momentum

Protective stop levels