The Travelers Companies, Inc. First Quarter 2013 Results

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April 23, 2013 1 Long-Term Financial Strategy

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

Create Shareholder Value Objective: Mid-Teens ROE Over Time

2 First Quarter 2013 Overview

Net income per diluted share of $2.33, up 15% from prior year quarter

Record quarterly operating income per diluted share of $2.31

Return on equity and operating return on equity of 14.1% and 15.8%, respectively

• Net and operating income of $896 million and $887 million, respectively, both up 11% from prior year quarter

– Continued improvement in underlying underwriting margins in all segments

– Catastrophe losses and net favorable prior year reserve development lower than prior year quarter

– Net investment income modestly declined from prior year quarter in line with the company’s expectations given continued low interest rates

• Written rate gains continued to exceed expected loss cost trends in all segments. Renewal rate change of 8% in Business Insurance, including nearly 10% in Commercial Accounts

• Net written premiums of $5.597 billion, up 2% from prior year quarter

• Book value per share of $68.00, up 7% from end of prior year quarter and 1% from year-end 2012

• Repurchased $300 million shares, and dividends were $176 million

3 Total Return1 20 Largest S&P Financial Companies2 & Other Selected Financial Companies

1 Year Total Return 3 Year Total Return 5 Year Total Return April 1, 2012 – March 31, 2013 April 1, 2010 – March 31, 2013 April 1, 2008 – March 31, 2013

52.6% Allstate 105.9% Simon Property Group 101.8% TRAVELERS 46.0% TRAVELERS 89.1% Cincinnati Financial 101.6% Chubb 42.4% Cincinnati Financial 84.0% American Tower 101.0% Simon Property Group 42.4% XL Insurance 82.7% ACE 99.9% American Tower 29.4% BlackRock 81.5% Chubb 83.9% Progressive 29.4% Chubb 70.9% Cigna 82.1% ACE 28.4% Berkshire Hathaway 70.5% American Express 75.4% Franklin Resources 27.8% Bank of America 70.4% XL Insurance 70.3% American Express 26.7% Cigna 69.6% TRAVELERS 62.0% Cincinnati Financial 25.9% AIG 64.6% Allstate 54.8% Cigna 25.5% Franklin Resources 53.4% Progressive 43.1% BlackRock 24.9% The Hartford 50.6% Aetna 42.6% Wells Fargo 24.6% ACE 46.1% Franklin Resources 33.7% CNA 23.6% American Tower 43.0% S&P 500 32.6% S&P 500 21.2% Citigroup 38.6% U.S. Bancorp 26.0% Aetna 20.3% Goldman Sachs 34.4% Capital One 22.7% JPMorgan Chase 18.5% Bank of New York Mellon 28.9% BlackRock 21.2% XL Insurance 18.2% American Express 28.2% Berkshire Hathaway 19.8% Capital One 17.6% S&P Financials 27.6% CNA 19.2% Allstate 15.5% Progressive 25.7% Wells Fargo 17.3% U.S. Bancorp 15.4% Manulife Financial 20.1% S&P Financials 16.5% Berkshire Hathaway 14.0% S&P 500 17.9% PNC 13.6% PNC 14.0% CNA 13.7% AIG -5.5% Goldman Sachs 13.2% Morgan Stanley 12.7% JPMorgan Chase -12.8% Prudential 9.5% Citigroup 11.9% Simon Property Group -18.7% S&P Financials 6.7% Prudential 11.3% Wells Fargo -25.8% Bank of New York Mellon -4.1% Bank of New York Mellon 9.7% U.S. Bancorp -29.5% MetLife -4.5% The Hartford 6.2% JPMorgan Chase -48.1% Morgan Stanley -6.2% MetLife 5.8% PNC -54.0% Manulife Financial -10.4% Goldman Sachs 4.6% MetLife -61.5% The Hartford -16.4% Manulife Financial 3.7% Aetna -65.3% Bank of America -22.8% Morgan Stanley -78.4% Citigroup -1.1% Capital One -30.9% Bank of America -95.4% AIG -3.2% Prudential

Source: SNL Financial

(1) Total return is a concept used to compare the performance of a company's stock over time and is the ratio of the net stock price change plus the cumulative amount of dividends over the specified time period, assuming dividend reinvestment, to the stock price at the beginning of the time period. Total return to shareholders is not included as an indication of future performance. (2) By market capitalization as of March 31, 2013. 4 Risk-Adjusted Total Return1,2 20 Largest S&P Financial Companies3 & Other Selected Financial Companies

1 Year Risk-Adjusted Total Return 3 Year Risk-Adjusted Total Return 5 Year Risk-Adjusted Total Return April 1, 2012 – March 31, 2013 April 1, 2010 – March 31, 2013 April 1, 2008 – March 31, 2013

55.7% TRAVELERS 133.7% American Tower 137.0% TRAVELERS 52.5% Allstate 115.5% Chubb 120.1% Chubb 46.1% Cincinnati Financial 104.1% Cincinnati Financial 98.9% American Tower 41.3% American Tower 103.4% Simon Property Group 86.4% Progressive 40.1% Chubb 97.2% ACE 81.5% ACE 36.5% XL Insurance 92.1% TRAVELERS 70.7% Simon Property Group 33.1% Berkshire Hathaway 68.1% Allstate 55.5% Cincinnati Financial 26.1% Cigna 64.7% Progressive 46.5% Franklin Resources 24.7% BlackRock 63.8% Cigna 43.5% American Express 24.6% ACE 59.1% American Express 37.5% Cigna 22.6% Progressive 58.5% XL Insurance 33.4% BlackRock 16.4% Franklin Resources 44.5% Aetna 29.8% S&P 500 15.1% American Express 40.6% S&P 500 22.0% Wells Fargo 14.2% AIG 32.0% Berkshire Hathaway 20.0% Aetna 13.8% Bank of America 31.6% U.S. Bancorp 18.5% CNA 12.2% S&P 500 31.2% Franklin Resources 15.5% Berkshire Hathaway 12.0% CNA 24.0% Capital One 13.0% Allstate 11.9% The Hartford 22.9% CNA 11.9% JPMorgan Chase 11.9% Goldman Sachs 21.4% BlackRock 10.5% U.S. Bancorp 11.4% Bank of New York Mellon 17.9% Wells Fargo 8.6% Capital One 11.0% Simon Property Group 12.4% S&P Financials 8.6% XL Insurance 10.2% S&P Financials 11.6% PNC 7.2% PNC 9.8% Citigroup 7.7% JPMorgan Chase -5.4% Goldman Sachs 7.8% Wells Fargo 7.0% AIG -6.9% Prudential 7.5% U.S. Bancorp 3.8% Citigroup -12.1% S&P Financials 7.3% Manulife Financial 2.6% Prudential -15.1% MetLife 5.7% Morgan Stanley -3.6% The Hartford -20.7% Bank of New York Mellon 3.1% PNC -4.9% Bank of New York Mellon -22.5% Morgan Stanley 2.9% JPMorgan Chase -5.1% MetLife -24.5% The Hartford 2.8% Aetna -10.9% Goldman Sachs -28.3% Bank of America 1.4% MetLife -12.0% Manulife Financial -28.9% Citigroup -1.6% Capital One -14.0% Morgan Stanley -33.4% Manulife Financial -2.2% Prudential -20.1% Bank of America -48.9% AIG

Source: SNL Financial, Bloomberg (1) Total return is a concept used to compare the performance of a company's stock over time and is the ratio of the net stock price change plus the cumulative amount of dividends over the specified time period, assuming dividend reinvestment, to the stock price at the beginning of the time period. Total return to shareholders is not included as an indication of future performance. (2) The Treynor risk adjustment takes into account the company’s Raw Beta (which is a measure of the extent to which volatility of a stock correlates to the volatility of the market) and the Risk Free Rate (RFR) of a 10 year T-note. Treynor Risk-Adjusted Total Return = (Total Return - Risk Free Rate) / Raw Beta. Betas and the RFR are calculated based on the weekly and average monthly values, respectively, over the given beginning time periods, through March 31, 2013. 5 (3) By market capitalization as of March 31, 2013. Consolidated Performance ($ in millions, except per share amounts, after-tax)

First Quarter Fourth Quarter Full Year 2013 2012 Change

Operating income $ 887 $ 801 11 %

per diluted share $ 2.31 $ 2.01 15 %

Included the following items: Net favorable prior year reserve development $ 154 $ 200

Catastrophes, net of reinsurance (65) (109)

Total Items $ 89 $ 91

Loss and loss adjustment ratio 56.2 % 60.1 %

Underwriting expense ratio 32.3 32.1

GAAP combined ratio 1 88.5 % 92.2 % 3.7 pts GAAP combined ratio excluding incremental 87.8 % 91.4 % impact of direct to consumer initiative

Net favorable prior year reserve development 4.1 5.5

Catastrophes, net of reinsurance (1.8) (3.1)

Underlying GAAP combined ratio 90.8 % 94.6 % 3.8 pts

6 1 A benefit to the reported GAAP combined ratio is indicated as a positive item, and a charge is indicated as a negative item.

Very Strong Financial Position

($ and shares in millions, except per share amounts)

Capital

March 31, December 31, 2013 2012 • At or above target levels for all rating agencies • Repurchased $300 million of common shares, and Debt $ 5,851 $ 6,350 Common equity 1 22,732 22,302 dividends were $176 million in the first quarter 2013 Total capital 1 $ 28,583 $ 28,652 Debt-to-capital 1 20.5% 22.2% Leverage

Common shares • Repaid $500 million of maturing debt from existing holding 376.4 377.4 outstanding company liquidity in the first quarter of 2013

• Debt-to-capital ratio1 of 20.5%, comfortably within target Book value per common $ 68.00 $ 67.31 share range

• Low level of maturing debt Adjusted book value per $ 60.39 $ 59.09 common share 1 - 2014 -

- 2015 $400 million Tangible book value per $ 50.60 $ 49.29 common share 1, 2 - 2016 $400 million

Statutory surplus $ 20,692 $ 20,048 Very high quality investment portfolio

Holding company liquidity $ 1,552 $ 2,034 • Net unrealized investment gains of $2.864 billion after-tax ($4.395 billion pre-tax) at March 31, 2013

1 Excludes net unrealized investment gains, net of taxes 7 2 Excludes the after-tax value of goodwill and other intangible assets Net Investment Income ($ in millions, after-tax) Total First Quarter 2013 Commentary • Net investment income from the long-term fixed income $593 $583 $579 $589 $578 portfolio declined modestly from the prior year quarter due to $556 $542 lower reinvestment rates, as expected

` • Short-term portion of fixed income portfolio continued to be impacted by very low interest rates

• Net investment income from the non-fixed income portfolio 20111 2012 1 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 decreased from the prior year quarter due to lower real After-tax yield estate partnership and private equity returns 3.3% 3.3% 3.4% 3.4% 3.3% 3.2% 3.1%

Fixed Income2 Non-Fixed Income2

$528 $505 $512 $506 $500 $501 $485

` `

$80 $87 $89 $60 $84 $61 $63

1 1 2011 2012 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 20111 2012 1 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 Long-term Short-term After-tax yield After-tax yield

Total 3.2% 3.1% 3.2% 3.1% 3.1% 3.1% 3.0% 5.3% 6.6% 7.3% 7.3% 6.9% 5.0% 5.2% Short-term 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% Long-term 3.5% 3.3% 3.3% 3.3% 3.2% 3.2% 3.1% 8 1 2011 and 2012 data represents quarterly average 2 Excludes investment expenses Components of Operating Return on Equity

9.6% 17.9% 17.7% 12.4% 14.0% 12.5% 6.1% 11.0% 14.7% 15.8%

11.1% 11.0% 10.6% 1.4% 1.6% 9.7% 1.4% 9.3% 9.4% 0.8% 9.0% 0.7% 8.1% 0.5% 0.9% 0.9% 1.3% 8.6% 0.9% 1.3% 0.4% 8.2% 0.1% 0.9% 0.1% 1.0% 7.2% 6.8% 6.7% 5.8% 8.1% 8.4% 8.7% 8.9% 8.7% 8.3% 8.3% 8.3% 8.0% 5.0% 7.6% 4.3% 3.2%

1.6%

(0.6%) (0.1%) (0.6%) (1.0%)

(2.9%)

2005 2006 2007 2008 2009 2010 2011 2012 2012 2013 Full Year 1st Quarter

Long-term fixed net investment portfolio investment income less holding company interest expense From January 1, 2005 through Short-term fixed net investment portfolio investment income March 31, 2013, average annual Non-fixed net investment portfolio investment income / (loss) operating ROE was Underwriting gain / (loss) and other approximately 12.9% 9 Business Insurance Performance ($ in millions)

FirstThird Quarter Quarter

2013 2012 Change

Operating income $ 590 $ 612 (4) %

Loss and loss adjustment ratio 57.7 % 57.8 % Underw riting expense ratio 31.7 31.8 GAAP combined ratio 1 89.4 % 89.6 % 0.2 pts

Net favorable prior year reserve development 3.9 8.6 Catastrophes, net of reinsurance (1.2) (1.8)

Underlying GAAP combined ratio 92.1 % 96.4 % 4.3 pts

Net Written Premiums Select Accounts $ 724 $ 718 1 % Commercial Accounts 908 861 5 National Accounts 277 235 18 Industry-Focused Underw riting 699 648 8 Target Risk Underw riting 448 429 4 Specialized Distribution 204 208 (2) Business Insurance Core 3,260 3,099 5 %

Business Insurance Other - 1 Total Business Insurance $ 3,260 $ 3,100 5 %

10 1 A benefit to the reported GAAP combined ratio is indicated as a positive item, and a charge is indicated as a negative item. Business Insurance (Ex. National Accounts) Illustrative Business Statistics

Renewal Premium Change (RPC)1 Rate vs. Exposure/Other 12% ▲ Renewal Premium Change1 % ♦ Renewal Rate Change2 % 10%  • Exposure/Other %

(2%) 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 ($ in millions)

Retention 79% 80% 81% 79% 80%

RPC1 8.5% 8.3% 8.4% 8.8% 10.4%

New Business $432 $454 $426 $443 $477

1 Represents the estimated change in average premium on policies that renew, including rate and exposure changes. 11 2 Represents the estimated change in average premium on policies that renew, excluding exposure changes. Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Business Insurance: Select Accounts Illustrative Business Statistics

Renewal Premium Change (RPC)1 Rate vs. Exposure/Other 14% ▲ Renewal Premium Change1 %

2 12% ♦ Renewal Rate Change % • Exposure/Other % 10%

(2%) 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 ($ in millions)

Retention 75% 76% 77% 77% 77%

RPC1 10.3% 10.7% 11.2% 11.2% 12.6%

New Business $119 $115 $100 $93 $106

1 Represents the estimated change in average premium on policies that renew, including rate and exposure changes. 12 2 Represents the estimated change in average premium on policies that renew, excluding exposure changes. Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Business Insurance: Commercial Accounts Illustrative Business Statistics

Renewal Premium Change (RPC)1 Rate vs. Exposure/Other 14% ▲ Renewal Premium Change1 %

2 12% ♦ Renewal Rate Change % • Exposure/Other % 10%

(2%) 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 ($ in millions)

Retention 81% 82% 85% 81% 82%

RPC1 8.7% 7.5% 9.0% 8.2% 9.8%

New Business $107 $102 $106 $126 $137

1 Represents the estimated change in average premium on policies that renew, including rate and exposure changes. 13 2 Represents the estimated change in average premium on policies that renew, excluding exposure changes. Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Business Insurance: Other Business Insurance1 Illustrative Business Statistics

Renewal Premium Change (RPC)2 Rate vs. Exposure/Other 12% ▲ Renewal Premium Change2 % ♦ Renewal Rate Change3 % 10%  • Exposure/Other %

(2%) 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 ($ in millions) Retention 79% 80% 81% 79% 81%

RPC2 7.4% 7.6% 6.8% 8.1% 9.7%

New Business $206 $237 $220 $224 $234

1 Includes Industry-Focused Underwriting, Target Risk Underwriting and Specialized Distribution. 2 Represents the estimated change in average premium on policies that renew, including rate and exposure changes. 14 3 Represents the estimated change in average premium on policies that renew, excluding exposure changes. Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Commercial Accounts: Renewal Pricing Results

Retention Rate Renewal Rate Change1 1Q’13  1Q’13 1Q’12 1Q’12 100% • 20%

90% 16%

Renewal Rate Change

80% 12%

Retention Rate Retention 70% 8%

60% 4%

50% 0% < 60% 60% - 90% > 90%

Long-Term Loss Ratio Bands2 – All Lines of Business

1 Represents the estimated change in average premium on policies that renew, excluding exposure changes. 15 2 Represents average estimated ultimate loss ratio for individual accounts over time. Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Financial, Professional & International Insurance Performance ($ in millions) First Quarter Third Quarter 2013 2012 Change

Operating income $ 163 $ 149 9 %

Loss and loss adjustment ratio 40.8 % 46.0 %

Underw riting expense ratio 41.5 41.8 GAAP combined ratio 1 82.3 % 87.8 % 5.5 pts

Net favorable prior year reserve development 7.8 6.1 Catastrophes, net of reinsurance - -

Underlying GAAP combined ratio 90.1 % 93.9 % 3.8 pts

Net Written Premiums

Bond & Financial Products $ 395 $ 357 11 %

International 252 247 2

Total FP&II $ 647 $ 604 7 %

Total FP&II - Adjusted for the impact of foreign exchange rates 7 %

16 1 A benefit to the reported GAAP combined ratio is indicated as a positive item, and a charge is indicated as a negative item. Financial, Professional & International Insurance ($ in millions)

Illustrative Business Statistics

2012 2013 1Q 2Q 3Q 4Q 1Q Surety Gross written premium $202 $223 $219 $194 $195

Management Liability1 Retention 87% 86% 85% 85% 85%

Renewal premium change 2 5.0% 4.9% 5.9% 5.7% 7.8%

New business $44 $47 $36 $36 $38

International 1 Retention 80% 80% 76% 80% 81%

Renewal premium change 2 (1.0%) 1.9% (0.9%) (3.1%) (0.3%)

New business $52 $57 $40 $56 $45

1 Excludes the surety line of business as surety products are generally sold on a non-recurring, project specific basis. 2 Represents the estimated change in average premium on policies that renew, including rate and exposure changes. 17 Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Personal Insurance Performance ($ in millions) First Quarter Third Quarter 2013 2012 Change

Operating income $ 197 $ 108 82 %

Loss and loss adjustment ratio 59.9 % 68.8 %

Underw riting expense ratio 29.5 29.0

GAAP combined ratio 1 89.4 % 97.8 % 8.4 pts GAAP combined ratio excluding incremental 87.5 % 95.7 % impact of direct to consumer initiative

Net favorable prior year reserve development 3.3 0.5

Catastrophes, net of reinsurance (3.5) (6.0)

Underlying GAAP combined ratio 89.2 % 92.3 % 3.1 pts

Net Written Premiums - Agency 2

Automobile $ 831 $ 900 (8) %

Homeow ners & Other 820 855 (4)

Total $ 1,651 $ 1,755 (6) %

18 1 A benefit to the reported GAAP combined ratio is indicated as a positive item, and a charge is indicated as a negative item. 2 Represents business sold through agents, brokers and other intermediaries, and excludes direct to consumer.

Personal Insurance Performance

First Quarter

2013 2012 Change

Agency Automobile 1

Loss and loss adjustment ratio 70.4 % 71.1 %

Underw riting expense ratio 25.6 25.4

GAAP combined ratio2 96.0 % 96.5 % 0.5 pts

Net favorable (unfavorable) prior year reserve development (0.6) 0.2

Catastrophes, net of reinsurance (1.0) (1.0)

Underlying GAAP combined ratio 94.4 % 95.7 % 1.3 pts

Agency Homeowners & Other 1

Loss and loss adjustment ratio 50.2 % 66.0 %

Underw riting expense ratio 29.8 29.0

GAAP combined ratio2 80.0 % 95.0 % 15.0 pts

Net favorable prior year reserve development 6.7 1.1

Catastrophes, net of reinsurance (5.6) (10.7)

Underlying GAAP combined ratio 81.1 % 85.4 % 4.3 pts

1 Represents business sold through agents, brokers and other intermediaries, and excludes direct to consumer. 19 2 A benefit to the reported GAAP combined ratio is indicated as a positive item, and a charge is indicated as a negative item. Personal Insurance ($ in millions)

Illustrative Business Statistics

2012 2013 1Q 2Q 3Q 4Q 1Q

Agency Automobile 1 Retention 2,3 82% 81% 80% 80% 81%

Renewal premium change 3,4 5.7% 6.8% 9.2% 8.7% 8.8%

PIF growth over prior year quarter (1%) (3%) (6%) (9%) (11%)

New business $135 $107 $103 $85 $86

Agency Homeowners & Other 1 Retention 2 85% 84% 84% 84% 84%

Renewal premium change 4 9.4% 10.7% 12.0% 12.8% 12.0%

PIF growth over prior year quarter -% (2%) (4%) (7%) (8%)

New business $78 $74 $69 $51 $49

1 Represents business sold through agents, brokers and other intermediaries, and excludes direct to consumer. 2 The ratio of expected number of renewal policies that will be retained throughout the annual policy period to the number of available renewal base policies. 3 Statistics for standard voluntary automobile. 4 Represents the estimated change in average premium on policies that renew, including rate and exposure changes. 20 Note: Statistics are subject to change based on a number of factors, including changes in actuarial estimates. Explanatory Note

This presentation contains, and management may make, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. Examples of our forward-looking statements include statements relating to our future financial condition and operating results, our share repurchase plans, potential margins, the sufficiency of our reserves and our strategic initiatives, among others.

We caution investors that such statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Some of the factors that could cause actual results to differ include, but are not limited to, the following: • Catastrophe losses; • Financial market disruption or economic downturn; • Changes to our claims and claim adjustment expense reserves; • The performance of our investment portfolio; • Asbestos and environmental claims; • Mass tort claims; • Emerging claim and coverage issues; • Competition; • The collectability and availability of reinsurance coverage; • Credit risk we face in insurance operations and investment activities; • The federal, state and international regulatory environment; • A downgrade in our claims-paying or financial strength ratings; • The inability of our insurance subsidiaries to pay dividends to our holding company in sufficient amounts; • Disruptions to our relationships with our independent agents and brokers; • Risks associated with developing new products or expanding in targeted markets; • A reduction in the U.S. federal corporate income tax rate that adversely affects any net deferred tax assets we may have; • Other changes in tax laws that adversely impact our investment portfolio or operating results; • Risks associated with our use of pricing and capital models; • Risks associated with our business outside of the United States, including regulatory risks; • Limits to the effectiveness of our information technology systems; • Difficulties with our technology, data security and/or outsourcing relationships; • Risks associated with acquisitions; • Changes to existing accounting standards; • Limits to the effectiveness of our compliance controls; • Our ability to hire and retain qualified employees; • Losses of or restrictions placed on the use of credit scoring in the pricing and underwriting of insurance products; and • Factors impacting the operation of our repurchase plans.

For a more detailed discussion of these factors, see the information under "Risk Factors" and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. Our forward-looking statements speak only as of the date of this presentation or as of the date they are made, and we undertake no obligation to update those statements.

Disclosure

In this presentation, we may refer to some non-GAAP financial measures. For a reconciliation of these measures to the most comparable GAAP measures and a glossary of financial measures, we refer you to the press release and financial supplement that we have made available in connection with this presentation and our most recent annual report on Form 10-K filed with the Securities and Exchange Commission. See the “For Investors” section at Travelers.com.

For further information, please see Travelers reports filed with the SEC pursuant to the Securities Exchange Act of 1934 which are available at the SEC’s website (www.sec.gov).

Copies of this presentation and the accompanying webcast are publicly available on the Travelers website (www.travelers.com). This presentation should be read with the accompanying webcast and related press release and financial supplement.

From time to time, Travelers may use its website and/or social media outlets, such as Facebook and Twitter, as distribution channels of material company information. Financial and other important information regarding the company is routinely accessible through and posted on our website at http://investor.travelers.com, our Facebook page at https://www.facebook.com/travelers and our Twitter account (@TRV_Insurance) at https://twitter.com/TRV_Insurance. In addition, you may automatically receive email alerts and other information about Travelers when you enroll your email address by visiting the “Email Alert Service” section at http://investor.travelers.com.

The Travelers Companies, Inc.

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