FAQs
Travelers is owned by its shareholders, as it is a publicly traded company.
Is Travelers owned by Geico? ›
Travelers Insurance is owned by its shareholders, as it is publicly traded, and it does not have a parent company. On the other hand, Geico is a separate company that is owned by Berkshire Hathaway.
Is Travelers still owned by Citi? ›
In April 1998, the Travelers Group merged with Citicorp to form Citigroup. However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off Travelers Property and Casualty into a subsidiary company in 2002, although it kept the red umbrella logo.
Is travelers insurance owned by MetLife? ›
The insurance giant MetLife Inc. announced Monday that it was acquiring Travelers Life & Annuity Co. from Citigroup Inc.
Who are the shareholders of the travelers companies? ›
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Fmr Llc, Jpmorgan Chase & Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Massachusetts Financial Services Co /ma/, VFINX - Vanguard 500 Index Fund Investor Shares, Spdr Dow Jones Industrial Average Etf Trust, and ...
What is the other name for travelers insurance? ›
The St. Paul and Travelers merged on April 1, 2004, to form one of the largest property casualty insurers and financial services firms: The St. Paul Travelers Companies, Inc. In February 2007, we changed our name to The Travelers Companies, Inc.
Who bought out GEICO? ›
GEICO is an indirect, wholly owned subsidiary of Berkshire Hathaway, Inc.
Is Travelers Insurance a reputable company? ›
Below are ratings for Travelers from reputable rating agencies: J.D. Power 2023 U.S. Auto Insurance Study: Travelers insurance is below the industry average for customer satisfaction, according to J.D. Power.
Does Warren Buffett own Travelers Insurance? ›
Berkshire Hathaway's Travelers Companies Stake
The first Travelers Companies trade was made in Q3 2009. Since then Warren Buffett bought shares two more times and sold shares on three occasions. The investor completely sold their stake between Q4 2019 and Q1 2020.
Why did Citi and Travelers merge? ›
Crucial to the rationale underlying the merger was the prospective repeal of the Glass-Steagall Act (Banking Act) of 1933, which had stipulated the separation of commercial and investment banking in the United States. The repeal was signed into law by President Bill Clinton on November 12, 1999.
1997: Financial services company Travelers acquired leading investment firm Salomon Brothers. Travelers then merged the new acquisition with Smith Barney Holdings to create Salomon Smith Barney. 1998: Citicorp merged with Travelers. The merger created the world's largest bank.
Who owns Progressive insurance? ›
Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021.
Who is Allianz insurance owned by? ›
The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management. In 2013, it was number 25 on the global Forbes 2000 list.
Who bought out MetLife? ›
MetLife shareholders no longer have control of MetLife's home and auto insurance business, however, as it was purchased by Farmers in April 2021. All existing MetLife home and auto insurance policies are now completely handled by Farmers Insurance.
Is AIG part of travelers insurance? ›
Millions of travelers each year trust AIG's Travel Guard to cover their vacations. Travel insurance plans provide coverage for certain costs and losses associated with traveling. Travel Guard® helps you navigate canceled flights, lost bags, sudden health emergencies, and much more—almost anywhere in the world.
Is Travelers owned by Berkshire Hathaway? ›
Berkshire Hathaway's Travelers Companies Stake
The first Travelers Companies trade was made in Q3 2009. Since then Warren Buffett bought shares two more times and sold shares on three occasions. The investor completely sold their stake between Q4 2019 and Q1 2020.
Who bought Travelers Life Insurance? ›
His research has been shared with members of the U.S. Congress, federal agencies, and policymakers in several states. Travelers Life and Annuity Company was acquired in 2005 by MetLife, the third-largest life insurance company in the United States.
Is Travelers the biggest insurance company? ›
What are the 10 largest car insurance companies? The 10 largest car insurance companies, from highest to lowest market share, are State Farm, Geico, Progressive, Allstate, USAA, Liberty Mutual, Farmers Insurance, Nationwide, American Family Insurance and Travelers.
What company owns the Standard Fire Insurance Company? ›
