The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
展品99.2
Financial Supplement - Third Quarter 2022
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| 頁碼 |
合併結果 | |
財務亮點 | 1 |
對淨收益和每股收益進行對賬 | 2 |
損益表 | 3 |
按主要組成部分和合並比率分列的淨收入 | 4 |
核心收入 | 5 |
選定的統計數據--財產和意外傷害業務 | 6 |
書面保費和賺取的保費-財產和意外傷害業務 | 7 |
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商業保險 | |
分部收入 | 8 |
按主要組成部分和合並比率分列的分部收入 | 9 |
選定的統計信息 | 10 |
淨書面保費 | 11 |
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債券及專業保險 | |
分部收入 | 12 |
按主要組成部分和合並比率分列的分部收入 | 13 |
選定的統計信息 | 14 |
淨書面保費 | 15 |
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人身保險 | |
分部收入(虧損) | 16 |
按主要組成部分和合並比率分列的分部收入(虧損) | 17 |
選定的統計信息 | 18 |
淨書面保費 | 19 |
精選統計數據--汽車 | 20 |
精選統計數據--房主和其他 | 21 |
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補充詳細信息 | |
利息支出和其他 | 22 |
合併資產負債表 | 23 |
投資組合 | 24 |
投資組合-固定到期日數據 | 25 |
投資收益 | 26 |
計入股東權益的已實現投資淨收益(虧損)和未實現投資淨收益(虧損) | 27 |
再保險可追回款項 | 28 |
損失準備和損失調整費用淨額 | 29 |
石棉儲量 | 30 |
大寫 | 31 |
法定資本和盈餘對公認會計準則股東權益的調節 | 32 |
現金流量表 | 33 |
現金流量表(續) | 34 |
財務指標詞彙表和可報告業務分類説明 | 35-36 |
財務補編所列資料未經審計。本文件應與公司將提交給美國證券交易委員會的10-Q表格一併閲讀。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
財務亮點
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(美元和股票,單位為百萬,每股數據除外) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
淨收入 | | $ | 733 | | | $ | 934 | | | $ | 662 | | | $ | 1,333 | | | $ | 1,018 | | | $ | 551 | | | $ | 454 | | | | | | | | | $ | 2,329 | | | $ | 2,023 | | | | | |
每股淨收益: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
基本信息 | | $ | 2.89 | | | $ | 3.70 | | | $ | 2.65 | | | $ | 5.43 | | | $ | 4.20 | | | $ | 2.29 | | | $ | 1.91 | | | | | | | | | $ | 9.24 | | | $ | 8.43 | | | | | |
稀釋 | | $ | 2.87 | | | $ | 3.66 | | | $ | 2.62 | | | $ | 5.37 | | | $ | 4.15 | | | $ | 2.27 | | | $ | 1.89 | | | | | | | | | $ | 9.16 | | | $ | 8.34 | | | | | |
核心收入 | | $ | 699 | | | $ | 879 | | | $ | 655 | | | $ | 1,289 | | | $ | 1,037 | | | $ | 625 | | | $ | 526 | | | | | | | | | $ | 2,233 | | | $ | 2,188 | | | | | |
每股核心收益: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
基本信息 | | $ | 2.75 | | | $ | 3.48 | | | $ | 2.63 | | | $ | 5.25 | | | $ | 4.27 | | | $ | 2.60 | | | $ | 2.22 | | | | | | | | | $ | 8.86 | | | $ | 9.12 | | | | | |
稀釋 | | $ | 2.73 | | | $ | 3.45 | | | $ | 2.60 | | | $ | 5.20 | | | $ | 4.22 | | | $ | 2.57 | | | $ | 2.20 | | | | | | | | | $ | 8.78 | | | $ | 9.02 | | | | | |
股本回報率 | | 10.2 | % | | 13.0 | % | | 9.2 | % | | 18.6 | % | | 15.0 | % | | 9.1 | % | | 8.5 | % | | | | | | | | 10.8 | % | | 11.1 | % | | | | |
核心股本回報率 | | 11.1 | % | | 13.7 | % | | 10.1 | % | | 19.8 | % | | 15.5 | % | | 9.3 | % | | 7.9 | % | | | | | | | | 11.6 | % | | 10.9 | % | | | | |
期末總資產 | | $ | 117,032 | | | $ | 119,759 | | | $ | 120,706 | | | $ | 120,466 | | | $ | 118,592 | | | $ | 116,587 | | | $ | 114,317 | | | | | | | | | $ | 120,706 | | | $ | 114,317 | | | | | |
期末總股本 | | $ | 28,269 | | | $ | 29,156 | | | $ | 28,474 | | | $ | 28,887 | | | $ | 25,531 | | | $ | 22,874 | | | $ | 19,906 | | | | | | | | | $ | 28,474 | | | $ | 19,906 | | | | | |
期末每股賬面價值 | | $ | 112.42 | | | $ | 116.86 | | | $ | 115.74 | | | $ | 119.77 | | | $ | 106.40 | | | $ | 96.39 | | | $ | 84.94 | | | | | | | | | $ | 115.74 | | | $ | 84.94 | | | | | |
減去:未實現投資淨收益(虧損),税後淨額 | | 11.21 | | | 12.98 | | | 10.97 | | | 10.01 | | | (5.79) | | | (15.98) | | | (26.96) | | | | | | | | | 10.97 | | | (26.96) | | | | | |
期末調整後每股賬面價值 | | $ | 101.21 | | | $ | 103.88 | | | $ | 104.77 | | | $ | 109.76 | | | $ | 112.19 | | | $ | 112.37 | | | $ | 111.90 | | | | | | | | | $ | 104.77 | | | $ | 111.90 | | | | | |
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已發行普通股加權平均數(基本) | | 252.1 | | | 250.7 | | | 247.7 | | | 243.8 | | | 240.9 | | | 238.4 | | | 235.4 | | | | | | | | | 250.1 | | | 238.3 | | | | | |
已發行普通股和普通股等價物的加權平均數(稀釋) | | 254.1 | | | 253.1 | | | 250.1 | | | 246.4 | | | 243.7 | | | 241.1 | | | 237.9 | | | | | | | | | 252.4 | | | 240.9 | | | | | |
期末已發行普通股 | | 251.5 | | | 249.5 | | | 246.0 | | | 241.2 | | | 240.0 | | | 237.3 | | | 234.3 | | | | | | | | | 246.0 | | | 234.3 | | | | | |
宣佈普通股股息 | | $ | 216 | | | $ | 224 | | | $ | 220 | | | $ | 216 | | | $ | 214 | | | $ | 225 | | | $ | 221 | | | | | | | | | $ | 660 | | | $ | 660 | | | | | |
回購普通股: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
在董事會授權下 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
股票 | | 2.4 | | | 2.6 | | | 3.8 | | | 5.1 | | | 2.9 | | | 2.9 | | | 3.1 | | | | | | | | | 8.8 | | | 8.9 | | | | | |
成本 | | $ | 356 | | | $ | 400 | | | $ | 600 | | | $ | 800 | | | $ | 500 | | | $ | 500 | | | $ | 500 | | | | | | | | | $ | 1,356 | | | $ | 1,500 | | | | | |
其他 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
股票 | | 0.3 | | | — | | | — | | | — | | | 0.4 | | | — | | | — | | | | | | | | | 0.3 | | | 0.4 | | | | | |
成本 | | $ | 41 | | | $ | 1 | | | $ | 1 | | | $ | 1 | | | $ | 59 | | | $ | — | | | $ | 1 | | | | | | | | | $ | 43 | | | $ | 60 | | | | | |
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見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
對淨收益和每股收益進行對賬
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(以百萬美元為單位的股票,不包括每股收益) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
淨收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨收入 | | $ | 733 | | | $ | 934 | | | $ | 662 | | | $ | 1,333 | | | $ | 1,018 | | | $ | 551 | | | $ | 454 | | | | | | | | | $ | 2,329 | | | $ | 2,023 | | | | | |
調整: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
已實現投資(收益)淨虧損,税後 | | (34) | | | (47) | | | (7) | | | (44) | | | 19 | | | 74 | | | 72 | | | | | | | | | (88) | | | 165 | | | | | |
税法和/或税率變化的影響(1) | | — | | | (8) | | | — | | | — | | | — | | | — | | | — | | | | | | | | | (8) | | | — | | | | | |
核心收入 | | $ | 699 | | | $ | 879 | | | $ | 655 | | | $ | 1,289 | | | $ | 1,037 | | | $ | 625 | | | $ | 526 | | | | | | | | | $ | 2,233 | | | $ | 2,188 | | | | | |
基本每股收益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨收入 | | $ | 2.89 | | | $ | 3.70 | | | $ | 2.65 | | | $ | 5.43 | | | $ | 4.20 | | | $ | 2.29 | | | $ | 1.91 | | | | | | | | | $ | 9.24 | | | $ | 8.43 | | | | | |
調整: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
已實現投資(收益)淨虧損,税後 | | (0.14) | | | (0.19) | | | (0.02) | | | (0.18) | | | 0.07 | | | 0.31 | | | 0.31 | | | | | | | | | (0.35) | | | 0.69 | | | | | |
税法和/或税率變化的影響(1) | | — | | | (0.03) | | | — | | | — | | | — | | | — | | | — | | | | | | | | | (0.03) | | | — | | | | | |
核心收入 | | $ | 2.75 | | | $ | 3.48 | | | $ | 2.63 | | | $ | 5.25 | | | $ | 4.27 | | | $ | 2.60 | | | $ | 2.22 | | | | | | | | | $ | 8.86 | | | $ | 9.12 | | | | | |
稀釋後每股收益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨收入 | | $ | 2.87 | | | $ | 3.66 | | | $ | 2.62 | | | $ | 5.37 | | | $ | 4.15 | | | $ | 2.27 | | | $ | 1.89 | | | | | | | | | $ | 9.16 | | | $ | 8.34 | | | | | |
調整: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
已實現投資(收益)淨虧損,税後 | | (0.14) | | | (0.18) | | | (0.02) | | | (0.17) | | | 0.07 | | | 0.30 | | | 0.31 | | | | | | | | | (0.35) | | | 0.68 | | | | | |
税法和/或税率變化的影響(1) | | — | | | (0.03) | | | — | | | — | | | — | | | — | | | — | | | | | | | | | (0.03) | | | — | | | | | |
核心收入 | | $ | 2.73 | | | $ | 3.45 | | | $ | 2.60 | | | $ | 5.20 | | | $ | 4.22 | | | $ | 2.57 | | | $ | 2.20 | | | | | | | | | $ | 8.78 | | | $ | 9.02 | | | | | |
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調整淨收入和加權平均份額以計算淨收入每股收益:(2)
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基本版和稀釋版 | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
淨收益,如報告 | | $ | 733 | | | $ | 934 | | | $ | 662 | | | $ | 1,333 | | | $ | 1,018 | | | $ | 551 | | | $ | 454 | | | | | | | | | $ | 2,329 | | | $ | 2,023 | | | | | |
參股獎勵--分配收入 | | (5) | | | (7) | | | (5) | | | (10) | | | (7) | | | (4) | | | (4) | | | | | | | | | (17) | | | (15) | | | | | |
普通股股東可獲得的淨收益--基本收益和攤薄收益 | | $ | 728 | | | $ | 927 | | | $ | 657 | | | $ | 1,323 | | | $ | 1,011 | | | $ | 547 | | | $ | 450 | | | | | | | | | $ | 2,312 | | | $ | 2,008 | | | | | |
普通股 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
基本信息 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
加權平均流通股 | | 252.1 | | | 250.7 | | | 247.7 | | | 243.8 | | | 240.9 | | | 238.4 | | | 235.4 | | | | | | | | | 250.1 | | | 238.3 | | | | | |
稀釋 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
加權平均流通股 | | 252.1 | | | 250.7 | | | 247.7 | | | 243.8 | | | 240.9 | | | 238.4 | | | 235.4 | | | | | | | | | 250.1 | | | 238.3 | | | | | |
稀釋性證券的加權平均效應--股票期權和績效股票 | | 2.0 | | | 2.4 | | | 2.4 | | | 2.6 | | | 2.8 | | | 2.7 | | | 2.5 | | | | | | | | | 2.3 | | | 2.6 | | | | | |
稀釋加權平均流通股 | | 254.1 | | | 253.1 | | | 250.1 | | | 246.4 | | | 243.7 | | | 241.1 | | | 237.9 | | | | | | | | | 252.4 | | | 240.9 | | | | | |
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(1)在變更頒佈的會計期間確認影響。
(2)對淨收益和淨收益每股收益計算的加權平均份額的調整一般可用於核心收益每股收益的計算。
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
損益表--綜合
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
保費 | | $ | 7,386 | | | $ | 7,616 | | | $ | 7,829 | | | $ | 8,024 | | | $ | 8,014 | | | $ | 8,317 | | | $ | 8,615 | | | | | | | | | $ | 22,831 | | | $ | 24,946 | | | | | |
淨投資收益 | | 701 | | | 818 | | | 771 | | | 743 | | | 637 | | | 707 | | | 593 | | | | | | | | | 2,290 | | | 1,937 | | | | | |
費用收入 | | 101 | | | 104 | | | 97 | | | 100 | | | 103 | | | 100 | | | 104 | | | | | | | | | 302 | | | 307 | | | | | |
已實現投資淨收益(虧損) | | 44 | | | 61 | | | 8 | | | 58 | | | (23) | | | (95) | | | (93) | | | | | | | | | 113 | | | (211) | | | | | |
其他收入 | | 81 | | | 88 | | | 100 | | | 86 | | | 78 | | | 107 | | | 84 | | | | | | | | | 269 | | | 269 | | | | | |
總收入 | | 8,313 | | | 8,687 | | | 8,805 | | | 9,011 | | | 8,809 | | | 9,136 | | | 9,303 | | | | | | | | | 25,805 | | | 27,248 | | | | | |
索賠和費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
理賠和理賠費用 | | 4,970 | | | 5,045 | | | 5,464 | | | 4,819 | | | 5,039 | | | 5,803 | | | 6,088 | | | | | | | | | 15,479 | | | 16,930 | | | | | |
遞延收購成本的攤銷 | | 1,207 | | | 1,254 | | | 1,281 | | | 1,301 | | | 1,310 | | | 1,365 | | | 1,406 | | | | | | | | | 3,742 | | | 4,081 | | | | | |
一般和行政費用 | | 1,163 | | | 1,174 | | | 1,187 | | | 1,153 | | | 1,191 | | | 1,223 | | | 1,193 | | | | | | | | | 3,524 | | | 3,607 | | | | | |
利息支出 | | 82 | | | 83 | | | 87 | | | 88 | | | 87 | | | 88 | | | 88 | | | | | | | | | 252 | | | 263 | | | | | |
索賠和費用總額 | | 7,422 | | | 7,556 | | | 8,019 | | | 7,361 | | | 7,627 | | | 8,479 | | | 8,775 | | | | | | | | | 22,997 | | | 24,881 | | | | | |
所得税前收入 | | 891 | | | 1,131 | | | 786 | | | 1,650 | | | 1,182 | | | 657 | | | 528 | | | | | | | | | 2,808 | | | 2,367 | | | | | |
所得税費用 | | 158 | | | 197 | | | 124 | | | 317 | | | 164 | | | 106 | | | 74 | | | | | | | | | 479 | | | 344 | | | | | |
淨收入 | | $ | 733 | | | $ | 934 | | | $ | 662 | | | $ | 1,333 | | | $ | 1,018 | | | $ | 551 | | | $ | 454 | | | | | | | | | $ | 2,329 | | | $ | 2,023 | | | | | |
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其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨投資收益的實際税率 | | 15.9 | % | | 16.7 | % | | 16.3 | % | | 16.0 | % | | 15.4 | % | | 15.8 | % | | 14.8 | % | | | | | | | | 16.3 | % | | 15.4 | % | | | | |
淨投資收益(税後) | | $ | 590 | | | $ | 682 | | | $ | 645 | | | $ | 624 | | | $ | 539 | | | $ | 595 | | | $ | 505 | | | | | | | | | $ | 1,917 | | | $ | 1,639 | | | | | |
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巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 835 | | | $ | 475 | | | $ | 501 | | | $ | 36 | | | $ | 160 | | | $ | 746 | | | $ | 512 | | | | | | | | | $ | 1,811 | | | $ | 1,418 | | | | | |
税後 | | $ | 659 | | | $ | 376 | | | $ | 395 | | | $ | 29 | | | $ | 127 | | | $ | 587 | | | $ | 404 | | | | | | | | | $ | 1,430 | | | $ | 1,118 | | | | | |
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上一年度儲備發展-有利(不利): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 317 | | | $ | 182 | | | $ | (56) | | | $ | 95 | | | $ | 153 | | | $ | 291 | | | $ | 20 | | | | | | | | | $ | 443 | | | $ | 464 | | | | | |
税後 | | $ | 249 | | | $ | 144 | | | $ | (44) | | | $ | 75 | | | $ | 122 | | | $ | 229 | | | $ | 16 | | | | | | | | | $ | 349 | | | $ | 367 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
按主要組成部分和合並比率分列的淨收入--合併
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(單位:百萬美元,扣除税金) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
承保收益 | | $ | 166 | | | $ | 253 | | | $ | 68 | | | $ | 729 | | | $ | 575 | | | $ | 86 | | | $ | 90 | | | | | | | | | $ | 487 | | | $ | 751 | | | | | |
淨投資收益 | | 590 | | | 682 | | | 645 | | | 624 | | | 539 | | | 595 | | | 505 | | | | | | | | | 1,917 | | | 1,639 | | | | | |
其他收入(支出),包括利息支出 | | (57) | | | (56) | | | (58) | | | (64) | | | (77) | | | (56) | | | (69) | | | | | | | | | (171) | | | (202) | | | | | |
核心收入 | | 699 | | | 879 | | | 655 | | | 1,289 | | | 1,037 | | | 625 | | | 526 | | | | | | | | | 2,233 | | | 2,188 | | | | | |
已實現投資淨收益(虧損) | | 34 | | | 47 | | | 7 | | | 44 | | | (19) | | | (74) | | | (72) | | | | | | | | | 88 | | | (165) | | | | | |
税法和/或税率變化的影響(1) | | — | | | 8 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | 8 | | | — | | | | | |
淨收入 | | $ | 733 | | | $ | 934 | | | $ | 662 | | | $ | 1,333 | | | $ | 1,018 | | | $ | 551 | | | $ | 454 | | | | | | | | | $ | 2,329 | | | $ | 2,023 | | | | | |
綜合比率(2)(3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用比率 | | 66.7 | % | | 65.6 | % | | 69.2 | % | | 59.5 | % | | 62.3 | % | | 69.3 | % | | 70.1 | % | | | | | | | | 67.2 | % | | 67.3 | % | | | | |
承保費用比率 | | 29.9 | % | | 29.7 | % | | 29.4 | % | | 28.5 | % | | 29.0 | % | | 29.0 | % | | 28.1 | % | | | | | | | | 29.6 | % | | 28.7 | % | | | | |
綜合比率 | | 96.6 | % | | 95.3 | % | | 98.6 | % | | 88.0 | % | | 91.3 | % | | 98.3 | % | | 98.2 | % | | | | | | | | 96.8 | % | | 96.0 | % | | | | |
對合並比率的影響: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
上一年淨(有利)不利儲量發展 | | (4.2) | % | | (2.4) | % | | 0.8 | % | | (1.2) | % | | (1.9) | % | | (3.5) | % | | (0.2) | % | | | | | | | | (1.9) | % | | (1.9) | % | | | | |
巨災,再保險淨額 | | 11.3 | % | | 6.3 | % | | 6.4 | % | | 0.5 | % | | 2.0 | % | | 9.0 | % | | 5.9 | % | | | | | | | | 7.9 | % | | 5.7 | % | | | | |
基礎綜合比率 | | 89.5 | % | | 91.4 | % | | 91.4 | % | | 88.7 | % | | 91.2 | % | | 92.8 | % | | 92.5 | % | | | | | | | | 90.8 | % | | 92.2 | % | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)在變更頒佈的會計期間確認影響。
(2)在投保人分紅之前。
(3)賬單和保單費用及其他費用是其他收入的一部分,作為減少承保費用分配。此外,手續費收入作為減損及虧損調整費用和承保費用分配。這些分配是為了使合併比率的計算符合法定會計。此外,一般和行政費用包括不包括在承保費用之外的非保險費用,因此在計算合併比率時也不包括在內。請參閲以下內容:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
帳單和保單費用及其他 | | $ | 27 | | | $ | 27 | | | $ | 27 | | | $ | 26 | | | $ | 27 | | | $ | 27 | | | $ | 27 | | | | | | | | | $ | 81 | | | $ | 81 | | | | | |
費用收入: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用 | | $ | 38 | | | $ | 39 | | | $ | 36 | | | $ | 37 | | | $ | 35 | | | $ | 39 | | | $ | 38 | | | | | | | | | $ | 113 | | | $ | 112 | | | | | |
承保費用 | | 63 | | | 65 | | | 61 | | | 63 | | | 68 | | | 61 | | | 66 | | | | | | | | | 189 | | | 195 | | | | | |
手續費總收入 | | $ | 101 | | | $ | 104 | | | $ | 97 | | | $ | 100 | | | $ | 103 | | | $ | 100 | | | $ | 104 | | | | | | | | | $ | 302 | | | $ | 307 | | | | | |
非保險費和行政費 | | $ | 70 | | | $ | 77 | | | $ | 81 | | | $ | 75 | | | $ | 82 | | | $ | 87 | | | $ | 83 | | | | | | | | | $ | 228 | | | $ | 252 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
核心收入--綜合
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
保費 | | $ | 7,386 | | | $ | 7,616 | | | $ | 7,829 | | | $ | 8,024 | | | $ | 8,014 | | | $ | 8,317 | | | $ | 8,615 | | | | | | | | | $ | 22,831 | | | $ | 24,946 | | | | | |
淨投資收益 | | 701 | | | 818 | | | 771 | | | 743 | | | 637 | | | 707 | | | 593 | | | | | | | | | 2,290 | | | 1,937 | | | | | |
費用收入 | | 101 | | | 104 | | | 97 | | | 100 | | | 103 | | | 100 | | | 104 | | | | | | | | | 302 | | | 307 | | | | | |
其他收入 | | 81 | | | 88 | | | 100 | | | 86 | | | 78 | | | 107 | | | 84 | | | | | | | | | 269 | | | 269 | | | | | |
總收入 | | 8,269 | | | 8,626 | | | 8,797 | | | 8,953 | | | 8,832 | | | 9,231 | | | 9,396 | | | | | | | | | 25,692 | | | 27,459 | | | | | |
索賠和費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
理賠和理賠費用 | | 4,970 | | | 5,045 | | | 5,464 | | | 4,819 | | | 5,039 | | | 5,803 | | | 6,088 | | | | | | | | | 15,479 | | | 16,930 | | | | | |
遞延收購成本的攤銷 | | 1,207 | | | 1,254 | | | 1,281 | | | 1,301 | | | 1,310 | | | 1,365 | | | 1,406 | | | | | | | | | 3,742 | | | 4,081 | | | | | |
一般和行政費用 | | 1,163 | | | 1,174 | | | 1,187 | | | 1,153 | | | 1,191 | | | 1,223 | | | 1,193 | | | | | | | | | 3,524 | | | 3,607 | | | | | |
利息支出 | | 82 | | | 83 | | | 87 | | | 88 | | | 87 | | | 88 | | | 88 | | | | | | | | | 252 | | | 263 | | | | | |
索賠和費用總額 | | 7,422 | | | 7,556 | | | 8,019 | | | 7,361 | | | 7,627 | | | 8,479 | | | 8,775 | | | | | | | | | 22,997 | | | 24,881 | | | | | |
所得税前核心收入 | | 847 | | | 1,070 | | | 778 | | | 1,592 | | | 1,205 | | | 752 | | | 621 | | | | | | | | | 2,695 | | | 2,578 | | | | | |
所得税費用 | | 148 | | | 191 | | | 123 | | | 303 | | | 168 | | | 127 | | | 95 | | | | | | | | | 462 | | | 390 | | | | | |
核心收入 | | $ | 699 | | | $ | 879 | | | $ | 655 | | | $ | 1,289 | | | $ | 1,037 | | | $ | 625 | | | $ | 526 | | | | | | | | | $ | 2,233 | | | $ | 2,188 | | | | | |
其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨投資收益的實際税率 | | 15.9 | % | | 16.7 | % | | 16.3 | % | | 16.0 | % | | 15.4 | % | | 15.8 | % | | 14.8 | % | | | | | | | | 16.3 | % | | 15.4 | % | | | | |
淨投資收益(税後) | | $ | 590 | | | $ | 682 | | | $ | 645 | | | $ | 624 | | | $ | 539 | | | $ | 595 | | | $ | 505 | | | | | | | | | $ | 1,917 | | | $ | 1,639 | | | | | |
巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 835 | | | $ | 475 | | | $ | 501 | | | $ | 36 | | | $ | 160 | | | $ | 746 | | | $ | 512 | | | | | | | | | $ | 1,811 | | | $ | 1,418 | | | | | |
税後 | | $ | 659 | | | $ | 376 | | | $ | 395 | | | $ | 29 | | | $ | 127 | | | $ | 587 | | | $ | 404 | | | | | | | | | $ | 1,430 | | | $ | 1,118 | | | | | |
上一年度儲備發展-有利(不利): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 317 | | | $ | 182 | | | $ | (56) | | | $ | 95 | | | $ | 153 | | | $ | 291 | | | $ | 20 | | | | | | | | | $ | 443 | | | $ | 464 | | | | | |
税後 | | $ | 249 | | | $ | 144 | | | $ | (44) | | | $ | 75 | | | $ | 122 | | | $ | 229 | | | $ | 16 | | | | | | | | | $ | 349 | | | $ | 367 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
選定的統計數據--財產和意外傷害業務
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定承銷 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛保費 | | $ | 8,407 | | | $ | 8,597 | | | $ | 8,876 | | | $ | 8,364 | | | $ | 9,283 | | | $ | 9,536 | | | $ | 9,812 | | | | | | | | | $ | 25,880 | | | $ | 28,631 | | | | | |
淨書面保費 | | $ | 7,505 | | | $ | 8,135 | | | $ | 8,324 | | | $ | 8,002 | | | $ | 8,367 | | | $ | 9,020 | | | $ | 9,198 | | | | | | | | | $ | 23,964 | | | $ | 26,585 | | | | | |
淨賺得保費 | | $ | 7,386 | | | $ | 7,616 | | | $ | 7,829 | | | $ | 8,029 | | | $ | 8,016 | | | $ | 8,316 | | | $ | 8,615 | | | | | | | | | $ | 22,831 | | | $ | 24,947 | | | | | |
虧損及虧損調整費用 | | 4,920 | | | 5,003 | | | 5,415 | | | 4,773 | | | 4,994 | | | 5,758 | | | 6,034 | | | | | | | | | 15,338 | | | 16,786 | | | | | |
承保費用 | | 2,276 | | | 2,361 | | | 2,385 | | | 2,269 | | | 2,441 | | | 2,568 | | | 2,533 | | | | | | | | | 7,022 | | | 7,542 | | | | | |
法定承保損益 | | 190 | | | 252 | | | 29 | | | 987 | | | 581 | | | (10) | | | 48 | | | | | | | | | 471 | | | 619 | | | | | |
投保人分紅 | | 11 | | | 10 | | | 10 | | | 10 | | | 11 | | | 6 | | | 14 | | | | | | | | | 31 | | | 31 | | | | | |
投保人分紅後的法定承保損益 | | $ | 179 | | | $ | 242 | | | $ | 19 | | | $ | 977 | | | $ | 570 | | | $ | (16) | | | $ | 34 | | | | | | | | | $ | 440 | | | $ | 588 | | | | | |
其他法定統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
損失準備金和損失調整費用 | | $ | 47,153 | | | $ | 47,893 | | | $ | 48,662 | | | $ | 48,589 | | | $ | 49,027 | | | $ | 49,676 | | | $ | 50,139 | | | | | | | | | $ | 48,662 | | | $ | 50,139 | | | | | |
儲備增加(減少) | | $ | 906 | | | $ | 740 | | | $ | 769 | | | $ | (73) | | | $ | 438 | | | $ | 649 | | | $ | 463 | | | | | | | | | $ | 2,415 | | | $ | 1,550 | | | | | |
法定資本和盈餘 | | $ | 22,403 | | | $ | 22,797 | | | $ | 22,987 | | | $ | 23,906 | | | $ | 24,168 | | | $ | 23,776 | | | $ | 23,375 | | | | | | | | | $ | 22,987 | | | $ | 23,375 | | | | | |
淨保費/盈餘(1) | | 1.33:1 | | 1.35:1 | | 1.36:1 | | 1.34:1 | | 1.36:1 | | 1.42:1 | | 1.48:1 | | | | | | | | 1.36:1 | | 1.48:1 | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)根據12個月滾動淨保費計算。
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
書面保費和賺取的保費-財產和意外傷害業務
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
書面保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | $ | 8,407 | | | $ | 8,597 | | | $ | 8,876 | | | $ | 8,364 | | | $ | 9,283 | | | $ | 9,536 | | | $ | 9,812 | | | | | | | | | $ | 25,880 | | | $ | 28,631 | | | | | |
割讓 | | (902) | | | (462) | | | (552) | | | (369) | | | (916) | | | (516) | | | (614) | | | | | | | | | (1,916) | | | (2,046) | | | | | |
網絡 | | $ | 7,505 | | | $ | 8,135 | | | $ | 8,324 | | | $ | 7,995 | | | $ | 8,367 | | | $ | 9,020 | | | $ | 9,198 | | | | | | | | | $ | 23,964 | | | $ | 26,585 | | | | | |
賺取的保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | $ | 7,895 | | | $ | 8,164 | | | $ | 8,376 | | | $ | 8,574 | | | $ | 8,565 | | | $ | 8,897 | | | $ | 9,216 | | | | | | | | | $ | 24,435 | | | $ | 26,678 | | | | | |
割讓 | | (509) | | | (548) | | | (547) | | | (550) | | | (551) | | | (580) | | | (601) | | | | | | | | | (1,604) | | | (1,732) | | | | | |
網絡 | | $ | 7,386 | | | $ | 7,616 | | | $ | 7,829 | | | $ | 8,024 | | | $ | 8,014 | | | $ | 8,317 | | | $ | 8,615 | | | | | | | | | $ | 22,831 | | | $ | 24,946 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
分部收入--商業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
保費 | | $ | 3,799 | | | $ | 3,880 | | | $ | 3,970 | | | $ | 4,085 | | | $ | 4,071 | | | $ | 4,218 | | | $ | 4,353 | | | | | | | | | $ | 11,649 | | | $ | 12,642 | | | | | |
淨投資收益 | | 523 | | | 615 | | | 575 | | | 552 | | | 468 | | | 521 | | | 426 | | | | | | | | | 1,713 | | | 1,415 | | | | | |
費用收入 | | 95 | | | 97 | | | 90 | | | 93 | | | 96 | | | 93 | | | 96 | | | | | | | | | 282 | | | 285 | | | | | |
其他收入 | | 53 | | | 57 | | | 69 | | | 56 | | | 53 | | | 85 | | | 56 | | | | | | | | | 179 | | | 194 | | | | | |
總收入 | | 4,470 | | | 4,649 | | | 4,704 | | | 4,786 | | | 4,688 | | | 4,917 | | | 4,931 | | | | | | | | | 13,823 | | | 14,536 | | | | | |
索賠和費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
理賠和理賠費用 | | 2,788 | | | 2,539 | | | 2,703 | | | 2,368 | | | 2,514 | | | 2,698 | | | 2,959 | | | | | | | | | 8,030 | | | 8,171 | | | | | |
遞延收購成本的攤銷 | | 627 | | | 642 | | | 653 | | | 659 | | | 668 | | | 691 | | | 708 | | | | | | | | | 1,922 | | | 2,067 | | | | | |
一般和行政費用 | | 683 | | | 688 | | | 684 | | | 691 | | | 697 | | | 714 | | | 704 | | | | | | | | | 2,055 | | | 2,115 | | | | | |
索賠和費用總額 | | 4,098 | | | 3,869 | | | 4,040 | | | 3,718 | | | 3,879 | | | 4,103 | | | 4,371 | | | | | | | | | 12,007 | | | 12,353 | | | | | |
分部所得税前收入 | | 372 | | | 780 | | | 664 | | | 1,068 | | | 809 | | | 814 | | | 560 | | | | | | | | | 1,816 | | | 2,183 | | | | | |
所得税費用 | | 55 | | | 137 | | | 106 | | | 201 | | | 140 | | | 148 | | | 89 | | | | | | | | | 298 | | | 377 | | | | | |
分部收入 | | $ | 317 | | | $ | 643 | | | $ | 558 | | | $ | 867 | | | $ | 669 | | | $ | 666 | | | $ | 471 | | | | | | | | | $ | 1,518 | | | $ | 1,806 | | | | | |
其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨投資收益的實際税率 | | 15.8 | % | | 16.7 | % | | 16.3 | % | | 16.0 | % | | 15.3 | % | | 15.8 | % | | 14.6 | % | | | | | | | | 16.3 | % | | 15.3 | % | | | | |
淨投資收益(税後) | | $ | 441 | | | $ | 511 | | | $ | 481 | | | $ | 464 | | | $ | 396 | | | $ | 439 | | | $ | 364 | | | | | | | | | $ | 1,433 | | | $ | 1,199 | | | | | |
巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 506 | | | $ | 149 | | | $ | 181 | | | $ | (43) | | | $ | 79 | | | $ | 234 | | | $ | 216 | | | | | | | | | $ | 836 | | | $ | 529 | | | | | |
税後 | | $ | 399 | | | $ | 119 | | | $ | 143 | | | $ | (34) | | | $ | 63 | | | $ | 184 | | | $ | 170 | | | | | | | | | $ | 661 | | | $ | 417 | | | | | |
上一年度儲備發展-有利(不利): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 134 | | | $ | 73 | | | $ | (108) | | | $ | 74 | | | $ | 113 | | | $ | 202 | | | $ | (61) | | | | | | | | | $ | 99 | | | $ | 254 | | | | | |
税後 | | $ | 105 | | | $ | 58 | | | $ | (86) | | | $ | 58 | | | $ | 90 | | | $ | 159 | | | $ | (48) | | | | | | | | | $ | 77 | | | $ | 201 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
按主要組成部分和合並比率劃分的分部收入-商業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(單位:百萬美元,扣除税金) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
承保損益 | | $ | (116) | | | $ | 137 | | | $ | 80 | | | $ | 412 | | | $ | 291 | | | $ | 220 | | | $ | 117 | | | | | | | | | $ | 101 | | | $ | 628 | | | | | |
淨投資收益 | | 441 | | | 511 | | | 481 | | | 464 | | | 396 | | | 439 | | | 364 | | | | | | | | | 1,433 | | | 1,199 | | | | | |
其他收入(費用) | | (8) | | | (5) | | | (3) | | | (9) | | | (18) | | | 7 | | | (10) | | | | | | | | | (16) | | | (21) | | | | | |
分部收入 | | $ | 317 | | | $ | 643 | | | $ | 558 | | | $ | 867 | | | $ | 669 | | | $ | 666 | | | $ | 471 | | | | | | | | | $ | 1,518 | | | $ | 1,806 | | | | | |
綜合比率(1)(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用比率 | | 72.2 | % | | 64.3 | % | | 67.0 | % | | 56.9 | % | | 60.7 | % | | 63.0 | % | | 66.9 | % | | | | | | | | 67.8 | % | | 63.6 | % | | | | |
承保費用比率 | | 31.3 | % | | 31.0 | % | | 30.5 | % | | 30.1 | % | | 30.2 | % | | 30.2 | % | | 29.4 | % | | | | | | | | 30.9 | % | | 29.9 | % | | | | |
綜合比率 | | 103.5 | % | | 95.3 | % | | 97.5 | % | | 87.0 | % | | 90.9 | % | | 93.2 | % | | 96.3 | % | | | | | | | | 98.7 | % | | 93.5 | % | | | | |
對合並比率的影響: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
上一年淨(有利)不利儲量發展 | | (3.5) | % | | (1.9) | % | | 2.7 | % | | (1.8) | % | | (2.8) | % | | (4.8) | % | | 1.4 | % | | | | | | | | (0.9) | % | | (2.0) | % | | | | |
巨災,再保險淨額 | | 13.3 | % | | 3.9 | % | | 4.6 | % | | (1.0) | % | | 1.9 | % | | 5.6 | % | | 4.9 | % | | | | | | | | 7.2 | % | | 4.1 | % | | | | |
基礎綜合比率 | | 93.7 | % | | 93.3 | % | | 90.2 | % | | 89.8 | % | | 91.8 | % | | 92.4 | % | | 90.0 | % | | | | | | | | 92.4 | % | | 91.4 | % | | | | |
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(1)在投保人分紅之前。
(2)賬單和保單費用及其他費用是其他收入的一部分,作為減少承保費用分配。此外,手續費收入作為減損及虧損調整費用和承保費用分配。這些分配是為了使合併比率的計算符合法定會計。此外,一般和行政費用包括不包括在承保費用之外的非保險費用,因此在計算合併比率時也不包括在內。請參閲以下內容:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
帳單和保單費用及其他 | | $ | 4 | | | $ | 3 | | | $ | 4 | | | $ | 3 | | | $ | 3 | | | $ | 4 | | | $ | 4 | | | | | | | | | $ | 11 | | | $ | 11 | | | | | |
費用收入: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用 | | $ | 38 | | | $ | 39 | | | $ | 36 | | | $ | 37 | | | $ | 35 | | | $ | 39 | | | $ | 38 | | | | | | | | | $ | 113 | | | $ | 112 | | | | | |
承保費用 | | 57 | | | 58 | | | 54 | | | 56 | | | 61 | | | 54 | | | 58 | | | | | | | | | 169 | | | 173 | | | | | |
手續費總收入 | | $ | 95 | | | $ | 97 | | | $ | 90 | | | $ | 93 | | | $ | 96 | | | $ | 93 | | | $ | 96 | | | | | | | | | $ | 282 | | | $ | 285 | | | | | |
非保險費和行政費 | | $ | 60 | | | $ | 65 | | | $ | 68 | | | $ | 63 | | | $ | 70 | | | $ | 73 | | | $ | 70 | | | | | | | | | $ | 193 | | | $ | 213 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
部分統計數字-商業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定承銷 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛保費 | | $ | 4,776 | | | $ | 4,356 | | | $ | 4,453 | | | $ | 4,244 | | | $ | 5,148 | | | $ | 4,786 | | | $ | 4,864 | | | | | | | | | $ | 13,585 | | | $ | 14,798 | | | | | |
淨書面保費 | | $ | 4,125 | | | $ | 3,980 | | | $ | 4,021 | | | $ | 3,973 | | | $ | 4,502 | | | $ | 4,373 | | | $ | 4,370 | | | | | | | | | $ | 12,126 | | | $ | 13,245 | | | | | |
淨賺得保費 | | $ | 3,799 | | | $ | 3,880 | | | $ | 3,970 | | | $ | 4,090 | | | $ | 4,073 | | | $ | 4,217 | | | $ | 4,353 | | | | | | | | | $ | 11,649 | | | $ | 12,643 | | | | | |
虧損及虧損調整費用 | | 2,741 | | | 2,500 | | | 2,657 | | | 2,326 | | | 2,472 | | | 2,656 | | | 2,911 | | | | | | | | | 7,898 | | | 8,039 | | | | | |
承保費用 | | 1,251 | | | 1,226 | | | 1,205 | | | 1,190 | | | 1,313 | | | 1,325 | | | 1,281 | | | | | | | | | 3,682 | | | 3,919 | | | | | |
法定承保損益 | | (193) | | | 154 | | | 108 | | | 574 | | | 288 | | | 236 | | | 161 | | | | | | | | | 69 | | | 685 | | | | | |
投保人分紅 | | 8 | | | 6 | | | 8 | | | 7 | | | 8 | | | 4 | | | 7 | | | | | | | | | 22 | | | 19 | | | | | |
投保人分紅後的法定承保損益 | | $ | (201) | | | $ | 148 | | | $ | 100 | | | $ | 567 | | | $ | 280 | | | $ | 232 | | | $ | 154 | | | | | | | | | $ | 47 | | | $ | 666 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
淨保費--商業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
按市場劃分的淨保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
國內 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
選擇帳户 | | $ | 729 | | | $ | 726 | | | $ | 685 | | | $ | 693 | | | $ | 819 | | | $ | 807 | | | $ | 739 | | | | | | | | | $ | 2,140 | | | $ | 2,365 | | | | | |
中端市場 | | 2,384 | | | 2,087 | | | 2,252 | | | 2,210 | | | 2,616 | | | 2,329 | | | 2,465 | | | | | | | | | 6,723 | | | 7,410 | | | | | |
國民賬户 | | 290 | | | 213 | | | 228 | | | 256 | | | 303 | | | 240 | | | 247 | | | | | | | | | 731 | | | 790 | | | | | |
國家財產和其他 | | 445 | | | 647 | | | 638 | | | 535 | | | 497 | | | 690 | | | 702 | | | | | | | | | 1,730 | | | 1,889 | | | | | |
國內生產總值 | | 3,848 | | | 3,673 | | | 3,803 | | | 3,694 | | | 4,235 | | | 4,066 | | | 4,153 | | | | | | | | | 11,324 | | | 12,454 | | | | | |
國際 | | 277 | | | 307 | | | 218 | | | 272 | | | 267 | | | 307 | | | 217 | | | | | | | | | 802 | | | 791 | | | | | |
總計 | | $ | 4,125 | | | $ | 3,980 | | | $ | 4,021 | | | $ | 3,966 | | | $ | 4,502 | | | $ | 4,373 | | | $ | 4,370 | | | | | | | | | $ | 12,126 | | | $ | 13,245 | | | | | |
按產品線劃分的淨書面保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
國內 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
工傷賠償 | | $ | 948 | | | $ | 754 | | | $ | 751 | | | $ | 722 | | | $ | 1,008 | | | $ | 823 | | | $ | 787 | | | | | | | | | $ | 2,453 | | | $ | 2,618 | | | | | |
商用汽車 | | 762 | | | 715 | | | 716 | | | 705 | | | 781 | | | 759 | | | 762 | | | | | | | | | 2,193 | | | 2,302 | | | | | |
商業地產 | | 466 | | | 678 | | | 656 | | | 608 | | | 551 | | | 763 | | | 756 | | | | | | | | | 1,800 | | | 2,070 | | | | | |
一般法律責任 | | 714 | | | 615 | | | 685 | | | 685 | | | 789 | | | 678 | | | 738 | | | | | | | | | 2,014 | | | 2,205 | | | | | |
商業多重危險 | | 940 | | | 908 | | | 953 | | | 967 | | | 1,085 | | | 1,041 | | | 1,067 | | | | | | | | | 2,801 | | | 3,193 | | | | | |
其他 | | 18 | | | 3 | | | 42 | | | 7 | | | 21 | | | 2 | | | 43 | | | | | | | | | 63 | | | 66 | | | | | |
國內生產總值 | | 3,848 | | | 3,673 | | | 3,803 | | | 3,694 | | | 4,235 | | | 4,066 | | | 4,153 | | | | | | | | | 11,324 | | | 12,454 | | | | | |
國際 | | 277 | | | 307 | | | 218 | | | 272 | | | 267 | | | 307 | | | 217 | | | | | | | | | 802 | | | 791 | | | | | |
總計 | | $ | 4,125 | | | $ | 3,980 | | | $ | 4,021 | | | $ | 3,966 | | | $ | 4,502 | | | $ | 4,373 | | | $ | 4,370 | | | | | | | | | $ | 12,126 | | | $ | 13,245 | | | | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
分部收入-債券及專業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
保費 | | $ | 743 | | | $ | 776 | | | $ | 806 | | | $ | 813 | | | $ | 820 | | | $ | 851 | | | $ | 877 | | | | | | | | | $ | 2,325 | | | $ | 2,548 | | | | | |
淨投資收益 | | 59 | | | 64 | | | 63 | | | 61 | | | 59 | | | 64 | | | 65 | | | | | | | | | 186 | | | 188 | | | | | |
其他收入 | | 5 | | | 7 | | | 5 | | | 6 | | | 4 | | | 4 | | | 6 | | | | | | | | | 17 | | | 14 | | | | | |
總收入 | | 807 | | | 847 | | | 874 | | | 880 | | | 883 | | | 919 | | | 948 | | | | | | | | | 2,528 | | | 2,750 | | | | | |
索賠和費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
理賠和理賠費用 | | 374 | | | 335 | | | 375 | | | 389 | | | 354 | | | 331 | | | 334 | | | | | | | | | 1,084 | | | 1,019 | | | | | |
遞延收購成本的攤銷 | | 134 | | | 142 | | | 147 | | | 147 | | | 149 | | | 155 | | | 162 | | | | | | | | | 423 | | | 466 | | | | | |
一般和行政費用 | | 130 | | | 135 | | | 135 | | | 132 | | | 141 | | | 148 | | | 148 | | | | | | | | | 400 | | | 437 | | | | | |
索賠和費用總額 | | 638 | | | 612 | | | 657 | | | 668 | | | 644 | | | 634 | | | 644 | | | | | | | | | 1,907 | | | 1,922 | | | | | |
分部所得税前收入 | | 169 | | | 235 | | | 217 | | | 212 | | | 239 | | | 285 | | | 304 | | | | | | | | | 621 | | | 828 | | | | | |
所得税費用 | | 32 | | | 48 | | | 43 | | | 42 | | | 22 | | | 57 | | | 62 | | | | | | | | | 123 | | | 141 | | | | | |
分部收入 | | $ | 137 | | | $ | 187 | | | $ | 174 | | | $ | 170 | | | $ | 217 | | | $ | 228 | | | $ | 242 | | | | | | | | | $ | 498 | | | $ | 687 | | | | | |
其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨投資收益的實際税率 | | 15.0 | % | | 15.7 | % | | 15.3 | % | | 15.1 | % | | 15.1 | % | | 15.4 | % | | 15.6 | % | | | | | | | | 15.3 | % | | 15.4 | % | | | | |
淨投資收益(税後) | | $ | 50 | | | $ | 55 | | | $ | 53 | | | $ | 52 | | | $ | 50 | | | $ | 55 | | | $ | 54 | | | | | | | | | $ | 158 | | | $ | 159 | | | | | |
巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 24 | | | $ | 3 | | | $ | 3 | | | $ | 10 | | | $ | 1 | | | $ | 4 | | | $ | 11 | | | | | | | | | $ | 30 | | | $ | 16 | | | | | |
税後 | | $ | 19 | | | $ | 2 | | | $ | 2 | | | $ | 8 | | | $ | 1 | | | $ | 3 | | | $ | 9 | | | | | | | | | $ | 23 | | | $ | 13 | | | | | |
前一年儲備發展-有利: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 15 | | | $ | 44 | | | $ | 22 | | | $ | 24 | | | $ | 35 | | | $ | 73 | | | $ | 63 | | | | | | | | | $ | 81 | | | $ | 171 | | | | | |
税後 | | $ | 12 | | | $ | 35 | | | $ | 18 | | | $ | 19 | | | $ | 28 | | | $ | 57 | | | $ | 50 | | | | | | | | | $ | 65 | | | $ | 135 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
按主要組成部分和合並比率劃分的分部收入-債券和專業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(單位:百萬美元,扣除税金) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
承保收益 | | $ | 84 | | | $ | 128 | | | $ | 118 | | | $ | 114 | | | $ | 165 | | | $ | 171 | | | $ | 185 | | | | | | | | | $ | 330 | | | $ | 521 | | | | | |
淨投資收益 | | 50 | | | 55 | | | 53 | | | 52 | | | 50 | | | 55 | | | 54 | | | | | | | | | 158 | | | 159 | | | | | |
其他收入 | | 3 | | | 4 | | | 3 | | | 4 | | | 2 | | | 2 | | | 3 | | | | | | | | | 10 | | | 7 | | | | | |
分部收入 | | $ | 137 | | | $ | 187 | | | $ | 174 | | | $ | 170 | | | $ | 217 | | | $ | 228 | | | $ | 242 | | | | | | | | | $ | 498 | | | $ | 687 | | | | | |
綜合比率(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用比率 | | 49.9 | % | | 42.6 | % | | 46.3 | % | | 47.4 | % | | 42.8 | % | | 38.5 | % | | 37.3 | % | | | | | | | | 46.2 | % | | 39.5 | % | | | | |
承保費用比率 | | 35.3 | % | | 35.5 | % | | 34.8 | % | | 34.1 | % | | 35.2 | % | | 35.5 | % | | 35.2 | % | | | | | | | | 35.2 | % | | 35.3 | % | | | | |
綜合比率 | | 85.2 | % | | 78.1 | % | | 81.1 | % | | 81.5 | % | | 78.0 | % | | 74.0 | % | | 72.5 | % | | | | | | | | 81.4 | % | | 74.8 | % | | | | |
對合並比率的影響: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
上一年淨有利儲備發展 | | (2.1) | % | | (5.7) | % | | (2.6) | % | | (3.0) | % | | (4.3) | % | | (8.6) | % | | (7.2) | % | | | | | | | | (3.5) | % | | (6.7) | % | | | | |
巨災,再保險淨額 | | 3.1 | % | | 0.4 | % | | 0.3 | % | | 1.2 | % | | 0.1 | % | | 0.4 | % | | 1.3 | % | | | | | | | | 1.3 | % | | 0.6 | % | | | | |
基礎綜合比率 | | 84.2 | % | | 83.4 | % | | 83.4 | % | | 83.3 | % | | 82.2 | % | | 82.2 | % | | 78.4 | % | | | | | | | | 83.6 | % | | 80.9 | % | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)一般費用和行政費用包括不包括在承保費用之外的非保險費用,因此在計算合併比率時不包括在內。請參閲以下內容:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
非保險費和行政費 | | $ | 2 | | | $ | 1 | | | $ | 1 | | | $ | 2 | | | $ | 1 | | | $ | 1 | | | $ | 1 | | | | | | | | | $ | 4 | | | $ | 3 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
部分統計數字-債券及專業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定承銷 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛保費 | | $ | 834 | | | $ | 919 | | | $ | 984 | | | $ | 988 | | | $ | 1,009 | | | $ | 1,036 | | | $ | 1,043 | | | | | | | | | $ | 2,737 | | | $ | 3,088 | | | | | |
淨書面保費 | | $ | 723 | | | $ | 854 | | | $ | 894 | | | $ | 905 | | | $ | 882 | | | $ | 962 | | | $ | 964 | | | | | | | | | $ | 2,471 | | | $ | 2,808 | | | | | |
淨賺得保費 | | $ | 743 | | | $ | 776 | | | $ | 806 | | | $ | 813 | | | $ | 820 | | | $ | 851 | | | $ | 877 | | | | | | | | | $ | 2,325 | | | $ | 2,548 | | | | | |
虧損及虧損調整費用 | | 371 | | | 331 | | | 373 | | | 385 | | | 351 | | | 328 | | | 328 | | | | | | | | | 1,075 | | | 1,007 | | | | | |
承保費用 | | 270 | | | 287 | | | 300 | | | 288 | | | 319 | | | 319 | | | 326 | | | | | | | | | 857 | | | 964 | | | | | |
法定承保收益 | | 102 | | | 158 | | | 133 | | | 140 | | | 150 | | | 204 | | | 223 | | | | | | | | | 393 | | | 577 | | | | | |
投保人分紅 | | 3 | | | 4 | | | 2 | | | 3 | | | 3 | | | 2 | | | 7 | | | | | | | | | 9 | | | 12 | | | | | |
投保人分紅後的法定承保收益 | | $ | 99 | | | $ | 154 | | | $ | 131 | | | $ | 137 | | | $ | 147 | | | $ | 202 | | | $ | 216 | | | | | | | | | $ | 384 | | | $ | 565 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
保費淨額--債券及專業保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
按市場劃分的淨保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
國內 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
管理責任 | | $ | 444 | | | $ | 497 | | | $ | 532 | | | $ | 510 | | | $ | 505 | | | $ | 533 | | | $ | 554 | | | | | | | | | $ | 1,473 | | | $ | 1,592 | | | | | |
擔保 | | 200 | | | 232 | | | 241 | | | 215 | | | 257 | | | 287 | | | 284 | | | | | | | | | 673 | | | 828 | | | | | |
國內生產總值 | | 644 | | | 729 | | | 773 | | | 725 | | | 762 | | | 820 | | | 838 | | | | | | | | | 2,146 | | | 2,420 | | | | | |
國際 | | 79 | | | 125 | | | 121 | | | 180 | | | 120 | | | 142 | | | 126 | | | | | | | | | 325 | | | 388 | | | | | |
總計 | | $ | 723 | | | $ | 854 | | | $ | 894 | | | $ | 905 | | | $ | 882 | | | $ | 962 | | | $ | 964 | | | | | | | | | $ | 2,471 | | | $ | 2,808 | | | | | |
按產品線劃分的淨書面保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
國內 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
忠誠度與擔保人 | | $ | 256 | | | $ | 287 | | | $ | 307 | | | $ | 273 | | | $ | 320 | | | $ | 346 | | | $ | 350 | | | | | | | | | $ | 850 | | | $ | 1,016 | | | | | |
一般法律責任 | | 340 | | | 389 | | | 401 | | | 400 | | | 389 | | | 419 | | | 424 | | | | | | | | | 1,130 | | | 1,232 | | | | | |
其他 | | 48 | | | 53 | | | 65 | | | 52 | | | 53 | | | 55 | | | 64 | | | | | | | | | 166 | | | 172 | | | | | |
國內生產總值 | | 644 | | | 729 | | | 773 | | | 725 | | | 762 | | | 820 | | | 838 | | | | | | | | | 2,146 | | | 2,420 | | | | | |
國際 | | 79 | | | 125 | | | 121 | | | 180 | | | 120 | | | 142 | | | 126 | | | | | | | | | 325 | | | 388 | | | | | |
總計 | | $ | 723 | | | $ | 854 | | | $ | 894 | | | $ | 905 | | | $ | 882 | | | $ | 962 | | | $ | 964 | | | | | | | | | $ | 2,471 | | | $ | 2,808 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
分部收入(虧損)--人身保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
保費 | | $ | 2,844 | | | $ | 2,960 | | | $ | 3,053 | | | $ | 3,126 | | | $ | 3,123 | | | $ | 3,248 | | | $ | 3,385 | | | | | | | | | $ | 8,857 | | | $ | 9,756 | | | | | |
淨投資收益 | | 119 | | | 139 | | | 133 | | | 130 | | | 110 | | | 122 | | | 102 | | | | | | | | | 391 | | | 334 | | | | | |
費用收入 | | 6 | | | 7 | | | 7 | | | 7 | | | 7 | | | 7 | | | 8 | | | | | | | | | 20 | | | 22 | | | | | |
其他收入 | | 23 | | | 24 | | | 26 | | | 24 | | | 21 | | | 18 | | | 22 | | | | | | | | | 73 | | | 61 | | | | | |
總收入 | | 2,992 | | | 3,130 | | | 3,219 | | | 3,287 | | | 3,261 | | | 3,395 | | | 3,517 | | | | | | | | | 9,341 | | | 10,173 | | | | | |
索賠和費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
理賠和理賠費用 | | 1,808 | | | 2,171 | | | 2,386 | | | 2,062 | | | 2,171 | | | 2,774 | | | 2,795 | | | | | | | | | 6,365 | | | 7,740 | | | | | |
遞延收購成本的攤銷 | | 446 | | | 470 | | | 481 | | | 495 | | | 493 | | | 519 | | | 536 | | | | | | | | | 1,397 | | | 1,548 | | | | | |
一般和行政費用 | | 344 | | | 343 | | | 360 | | | 323 | | | 345 | | | 352 | | | 333 | | | | | | | | | 1,047 | | | 1,030 | | | | | |
索賠和費用總額 | | 2,598 | | | 2,984 | | | 3,227 | | | 2,880 | | | 3,009 | | | 3,645 | | | 3,664 | | | | | | | | | 8,809 | | | 10,318 | | | | | |
分部所得税前收益(虧損) | | 394 | | | 146 | | | (8) | | | 407 | | | 252 | | | (250) | | | (147) | | | | | | | | | 532 | | | (145) | | | | | |
所得税支出(福利) | | 80 | | | 25 | | | (6) | | | 80 | | | 27 | | | (57) | | | (36) | | | | | | | | | 99 | | | (66) | | | | | |
分部收入(虧損) | | $ | 314 | | | $ | 121 | | | $ | (2) | | | $ | 327 | | | $ | 225 | | | $ | (193) | | | $ | (111) | | | | | | | | | $ | 433 | | | $ | (79) | | | | | |
其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨投資收益的實際税率 | | 16.4 | % | | 17.1 | % | | 16.8 | % | | 16.5 | % | | 15.9 | % | | 16.3 | % | | 15.4 | % | | | | | | | | 16.8 | % | | 15.9 | % | | | | |
淨投資收益(税後) | | $ | 99 | | | $ | 116 | | | $ | 111 | | | $ | 108 | | | $ | 93 | | | $ | 101 | | | $ | 87 | | | | | | | | | $ | 326 | | | $ | 281 | | | | | |
巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 305 | | | $ | 323 | | | $ | 317 | | | $ | 69 | | | $ | 80 | | | $ | 508 | | | $ | 285 | | | | | | | | | $ | 945 | | | $ | 873 | | | | | |
税後 | | $ | 241 | | | $ | 255 | | | $ | 250 | | | $ | 55 | | | $ | 63 | | | $ | 400 | | | $ | 225 | | | | | | | | | $ | 746 | | | $ | 688 | | | | | |
上一年度儲備發展-有利(不利): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 168 | | | $ | 65 | | | $ | 30 | | | $ | (3) | | | $ | 5 | | | $ | 16 | | | $ | 18 | | | | | | | | | $ | 263 | | | $ | 39 | | | | | |
税後 | | $ | 132 | | | $ | 51 | | | $ | 24 | | | $ | (2) | | | $ | 4 | | | $ | 13 | | | $ | 14 | | | | | | | | | $ | 207 | | | $ | 31 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
按主要組成部分和合並比率分列的分部收入(虧損)-人壽保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(單位:百萬美元,扣除税金) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
承保損益 | | $ | 198 | | | $ | (12) | | | $ | (130) | | | $ | 203 | | | $ | 119 | | | $ | (305) | | | $ | (212) | | | | | | | | | $ | 56 | | | $ | (398) | | | | | |
淨投資收益 | | 99 | | | 116 | | | 111 | | | 108 | | | 93 | | | 101 | | | 87 | | | | | | | | | 326 | | | 281 | | | | | |
其他收入 | | 17 | | | 17 | | | 17 | | | 16 | | | 13 | | | 11 | | | 14 | | | | | | | | | 51 | | | 38 | | | | | |
分部收入(虧損) | | $ | 314 | | | $ | 121 | | | $ | (2) | | | $ | 327 | | | $ | 225 | | | $ | (193) | | | $ | (111) | | | | | | | | | $ | 433 | | | $ | (79) | | | | | |
綜合比率(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用比率 | | 63.6 | % | | 73.3 | % | | 78.2 | % | | 66.0 | % | | 69.5 | % | | 85.4 | % | | 82.6 | % | | | | | | | | 71.8 | % | | 79.3 | % | | | | |
承保費用比率 | | 26.7 | % | | 26.4 | % | | 26.4 | % | | 25.1 | % | | 25.8 | % | | 25.8 | % | | 24.6 | % | | | | | | | | 26.5 | % | | 25.4 | % | | | | |
綜合比率 | | 90.3 | % | | 99.7 | % | | 104.6 | % | | 91.1 | % | | 95.3 | % | | 111.2 | % | | 107.2 | % | | | | | | | | 98.3 | % | | 104.7 | % | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
對合並比率的影響: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
上一年淨(有利)不利儲量發展 | | (5.9) | % | | (2.2) | % | | (1.0) | % | | 0.1 | % | | (0.1) | % | | (0.5) | % | | (0.5) | % | | | | | | | | (3.0) | % | | (0.4) | % | | | | |
巨災,再保險淨額 | | 10.8 | % | | 10.9 | % | | 10.4 | % | | 2.3 | % | | 2.6 | % | | 15.6 | % | | 8.4 | % | | | | | | | | 10.6 | % | | 8.9 | % | | | | |
基礎綜合比率 | | 85.4 | % | | 91.0 | % | | 95.2 | % | | 88.7 | % | | 92.8 | % | | 96.1 | % | | 99.3 | % | | | | | | | | 90.7 | % | | 96.2 | % | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)作為其他收入組成部分的賬單和保單費用及其他費用收入作為承保費用的減少額進行分配,以使合併比率的計算與法定會計一致。此外,一般和行政費用包括不包括在承保費用之外的非保險費用,因此在計算合併比率時也不包括在內。請參閲以下內容:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
帳單和保單費用及其他 | | $ | 23 | | | $ | 24 | | | $ | 23 | | | $ | 23 | | | $ | 24 | | | $ | 23 | | | $ | 23 | | | | | | | | | $ | 70 | | | $ | 70 | | | | | |
費用收入 | | $ | 6 | | | $ | 7 | | | $ | 7 | | | $ | 7 | | | $ | 7 | | | $ | 7 | | | $ | 8 | | | | | | | | | $ | 20 | | | $ | 22 | | | | | |
非保險費和行政費 | | $ | 2 | | | $ | 3 | | | $ | 4 | | | $ | 3 | | | $ | 3 | | | $ | 4 | | | $ | 4 | | | | | | | | | $ | 9 | | | $ | 11 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
部分統計數字--人身保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定承銷 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛保費 | | $ | 2,797 | | | $ | 3,322 | | | $ | 3,439 | | | $ | 3,132 | | | $ | 3,126 | | | $ | 3,714 | | | $ | 3,905 | | | | | | | | | $ | 9,558 | | | $ | 10,745 | | | | | |
淨書面保費 | | $ | 2,657 | | | $ | 3,301 | | | $ | 3,409 | | | $ | 3,124 | | | $ | 2,983 | | | $ | 3,685 | | | $ | 3,864 | | | | | | | | | $ | 9,367 | | | $ | 10,532 | | | | | |
淨賺得保費 | | $ | 2,844 | | | $ | 2,960 | | | $ | 3,053 | | | $ | 3,126 | | | $ | 3,123 | | | $ | 3,248 | | | $ | 3,385 | | | | | | | | | $ | 8,857 | | | $ | 9,756 | | | | | |
虧損及虧損調整費用 | | 1,808 | | | 2,172 | | | 2,385 | | | 2,062 | | | 2,171 | | | 2,774 | | | 2,795 | | | | | | | | | 6,365 | | | 7,740 | | | | | |
承保費用 | | 755 | | | 848 | | | 880 | | | 791 | | | 809 | | | 924 | | | 926 | | | | | | | | | 2,483 | | | 2,659 | | | | | |
法定承保損益 | | $ | 281 | | | $ | (60) | | | $ | (212) | | | $ | 273 | | | $ | 143 | | | $ | (450) | | | $ | (336) | | | | | | | | | $ | 9 | | | $ | (643) | | | | | |
生效的政策(以千為單位) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
汽車 | | 3,056 | | | 3,098 | | | 3,141 | | | 3,179 | | | 3,212 | | | 3,243 | | | 3,283 | | | | | | | | | 3,141 | | | 3,283 | | | | | |
房主和其他人 | | 5,944 | | | 6,076 | | | 6,168 | | | 6,230 | | | 6,284 | | | 6,338 | | | 6,367 | | | | | | | | | 6,168 | | | 6,367 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
淨保費--人身保險
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
按產品線劃分的淨書面保費 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
國內 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
汽車 | | $ | 1,375 | | | $ | 1,467 | | | $ | 1,529 | | | $ | 1,456 | | | $ | 1,496 | | | $ | 1,629 | | | $ | 1,743 | | | | | | | | | $ | 4,371 | | | $ | 4,868 | | | | | |
房主和其他人 | | 1,144 | | | 1,634 | | | 1,698 | | | 1,504 | | | 1,344 | | | 1,868 | | | 1,952 | | | | | | | | | 4,476 | | | 5,164 | | | | | |
國內生產總值 | | 2,519 | | | 3,101 | | | 3,227 | | | 2,960 | | | 2,840 | | | 3,497 | | | 3,695 | | | | | | | | | 8,847 | | | 10,032 | | | | | |
國際 | | 138 | | | 200 | | | 182 | | | 164 | | | 143 | | | 188 | | | 169 | | | | | | | | | 520 | | | 500 | | | | | |
總計 | | $ | 2,657 | | | $ | 3,301 | | | $ | 3,409 | | | $ | 3,124 | | | $ | 2,983 | | | $ | 3,685 | | | $ | 3,864 | | | | | | | | | $ | 9,367 | | | $ | 10,532 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
精選統計-人身保險-汽車
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定承銷 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛保費 | | $ | 1,481 | | | $ | 1,604 | | | $ | 1,656 | | | $ | 1,567 | | | $ | 1,605 | | | $ | 1,755 | | | $ | 1,857 | | | | | | | | | $ | 4,741 | | | $ | 5,217 | | | | | |
淨書面保費 | | $ | 1,466 | | | $ | 1,597 | | | $ | 1,648 | | | $ | 1,562 | | | $ | 1,591 | | | $ | 1,749 | | | $ | 1,849 | | | | | | | | | $ | 4,711 | | | $ | 5,189 | | | | | |
淨賺得保費 | | $ | 1,478 | | | $ | 1,525 | | | $ | 1,557 | | | $ | 1,581 | | | $ | 1,568 | | | $ | 1,620 | | | $ | 1,679 | | | | | | | | | $ | 4,560 | | | $ | 4,867 | | | | | |
虧損及虧損調整費用 | | 845 | | | 1,026 | | | 1,180 | | | 1,280 | | | 1,188 | | | 1,311 | | | 1,510 | | | | | | | | | 3,051 | | | 4,009 | | | | | |
承保費用 | | 370 | | | 389 | | | 399 | | | 369 | | | 382 | | | 408 | | | 408 | | | | | | | | | 1,158 | | | 1,198 | | | | | |
法定承保損益 | | $ | 263 | | | $ | 110 | | | $ | (22) | | | $ | (68) | | | $ | (2) | | | $ | (99) | | | $ | (239) | | | | | | | | | $ | 351 | | | $ | (340) | | | | | |
其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
綜合比率(1): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用比率 | | 57.2 | % | | 67.2 | % | | 75.9 | % | | 80.9 | % | | 75.8 | % | | 80.9 | % | | 90.0 | % | | | | | | | | 66.9 | % | | 82.4 | % | | | | |
承保費用比率 | | 24.6 | % | | 24.4 | % | | 24.1 | % | | 23.2 | % | | 23.5 | % | | 23.4 | % | | 22.2 | % | | | | | | | | 24.4 | % | | 23.0 | % | | | | |
綜合比率 | | 81.8 | % | | 91.6 | % | | 100.0 | % | | 104.1 | % | | 99.3 | % | | 104.3 | % | | 112.2 | % | | | | | | | | 91.3 | % | | 105.4 | % | | | | |
對合並比率的影響: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
上一年淨(有利)不利儲量發展 | | (5.2) | % | | (2.1) | % | | (0.4) | % | | 0.6 | % | | 0.3 | % | | 0.3 | % | | 0.4 | % | | | | | | | | (2.6) | % | | 0.4 | % | | | | |
巨災,再保險淨額 | | 0.4 | % | | 1.7 | % | | 3.4 | % | | (0.3) | % | | 0.2 | % | | 2.2 | % | | 7.9 | % | | | | | | | | 1.9 | % | | 3.5 | % | | | | |
基礎綜合比率 | | 86.6 | % | | 92.0 | % | | 97.0 | % | | 103.8 | % | | 98.8 | % | | 101.8 | % | | 103.9 | % | | | | | | | | 92.0 | % | | 101.5 | % | | | | |
巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 6 | | | $ | 26 | | | $ | 53 | | | $ | (5) | | | $ | 4 | | | $ | 35 | | | $ | 133 | | | | | | | | | $ | 85 | | | $ | 172 | | | | | |
税後 | | $ | 5 | | | $ | 21 | | | $ | 41 | | | $ | (4) | | | $ | 3 | | | $ | 28 | | | $ | 105 | | | | | | | | | $ | 67 | | | $ | 136 | | | | | |
上一年度儲備發展-有利(不利): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 78 | | | $ | 33 | | | $ | 6 | | | $ | (10) | | | $ | (4) | | | $ | (6) | | | $ | (8) | | | | | | | | | $ | 117 | | | $ | (18) | | | | | |
税後 | | $ | 61 | | | $ | 26 | | | $ | 5 | | | $ | (8) | | | $ | (3) | | | $ | (4) | | | $ | (6) | | | | | | | | | $ | 92 | | | $ | (13) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
生效的政策(以千為單位) | | 3,056 | | | 3,098 | | | 3,141 | | | 3,179 | | | 3,212 | | | 3,243 | | | 3,283 | | | | | | | | | | | | | | | |
與上一年季度相比的變化 | | 2.9 | % | | 3.5 | % | | 4.2 | % | | 5.0 | % | | 5.1 | % | | 4.7 | % | | 4.5 | % | | | | | | | | | | | | | | |
與上一季度相比有所變化 | | 0.9 | % | | 1.4 | % | | 1.4 | % | | 1.2 | % | | 1.0 | % | | 1.0 | % | | 1.2 | % | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)作為其他收入組成部分的賬單和保單費用及其他費用收入作為承保費用的減少額分配。
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
帳單和保單費用及其他 | | $ | 14 | | | $ | 14 | | | $ | 14 | | | $ | 14 | | | $ | 14 | | | $ | 14 | | | $ | 14 | | | | | | | | | $ | 42 | | | $ | 42 | | | | | |
費用收入 | | $ | 3 | | | $ | 4 | | | $ | 4 | | | $ | 4 | | | $ | 4 | | | $ | 3 | | | $ | 4 | | | | | | | | | $ | 11 | | | $ | 11 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
部分統計數據-個人保險-房主和其他
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定承銷 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛保費 | | $ | 1,316 | | | $ | 1,718 | | | $ | 1,783 | | | $ | 1,565 | | | $ | 1,521 | | | $ | 1,959 | | | $ | 2,048 | | | | | | | | | $ | 4,817 | | | $ | 5,528 | | | | | |
淨書面保費 | | $ | 1,191 | | | $ | 1,704 | | | $ | 1,761 | | | $ | 1,562 | | | $ | 1,392 | | | $ | 1,936 | | | $ | 2,015 | | | | | | | | | $ | 4,656 | | | $ | 5,343 | | | | | |
淨賺得保費 | | $ | 1,366 | | | $ | 1,435 | | | $ | 1,496 | | | $ | 1,545 | | | $ | 1,555 | | | $ | 1,628 | | | $ | 1,706 | | | | | | | | | $ | 4,297 | | | $ | 4,889 | | | | | |
虧損及虧損調整費用 | | 963 | | | 1,146 | | | 1,205 | | | 782 | | | 983 | | | 1,463 | | | 1,285 | | | | | | | | | 3,314 | | | 3,731 | | | | | |
承保費用 | | 385 | | | 459 | | | 481 | | | 422 | | | 427 | | | 516 | | | 518 | | | | | | | | | 1,325 | | | 1,461 | | | | | |
法定承保損益 | | $ | 18 | | | $ | (170) | | | $ | (190) | | | $ | 341 | | | $ | 145 | | | $ | (351) | | | $ | (97) | | | | | | | | | $ | (342) | | | $ | (303) | | | | | |
其他統計數字 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
綜合比率(1): | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
虧損及虧損調整費用比率 | | 70.5 | % | | 79.8 | % | | 80.5 | % | | 50.7 | % | | 63.2 | % | | 89.9 | % | | 75.4 | % | | | | | | | | 77.1 | % | | 76.3 | % | | | | |
承保費用比率 | | 28.9 | % | | 28.5 | % | | 28.8 | % | | 27.1 | % | | 28.0 | % | | 28.1 | % | | 26.9 | % | | | | | | | | 28.7 | % | | 27.7 | % | | | | |
綜合比率 | | 99.4 | % | | 108.3 | % | | 109.3 | % | | 77.8 | % | | 91.2 | % | | 118.0 | % | | 102.3 | % | | | | | | | | 105.8 | % | | 104.0 | % | | | | |
對合並比率的影響: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
上一年淨有利儲備發展 | | (6.6) | % | | (2.2) | % | | (1.6) | % | | (0.4) | % | | (0.6) | % | | (1.3) | % | | (1.5) | % | | | | | | | | (3.4) | % | | (1.2) | % | | | | |
巨災,再保險淨額 | | 21.9 | % | | 20.6 | % | | 17.6 | % | | 4.8 | % | | 4.9 | % | | 29.0 | % | | 8.9 | % | | | | | | | | 20.0 | % | | 14.4 | % | | | | |
基礎綜合比率 | | 84.1 | % | | 89.9 | % | | 93.3 | % | | 73.4 | % | | 86.9 | % | | 90.3 | % | | 94.9 | % | | | | | | | | 89.2 | % | | 90.8 | % | | | | |
巨災,再保險淨額: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 299 | | | $ | 297 | | | $ | 264 | | | $ | 74 | | | $ | 76 | | | $ | 473 | | | $ | 152 | | | | | | | | | $ | 860 | | | $ | 701 | | | | | |
税後 | | $ | 236 | | | $ | 234 | | | $ | 209 | | | $ | 59 | | | $ | 60 | | | $ | 372 | | | $ | 120 | | | | | | | | | $ | 679 | | | $ | 552 | | | | | |
前一年儲備發展-有利: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
税前 | | $ | 90 | | | $ | 32 | | | $ | 24 | | | $ | 7 | | | $ | 9 | | | $ | 22 | | | $ | 26 | | | | | | | | | $ | 146 | | | $ | 57 | | | | | |
税後 | | $ | 71 | | | $ | 25 | | | $ | 19 | | | $ | 6 | | | $ | 7 | | | $ | 17 | | | $ | 20 | | | | | | | | | $ | 115 | | | $ | 44 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
生效的政策(以千為單位) | | 5,944 | | | 6,076 | | | 6,168 | | | 6,230 | | | 6,284 | | | 6,338 | | | 6,367 | | | | | | | | | | | | | | | |
與上一年季度相比的變化 | | 7.4 | % | | 7.0 | % | | 6.5 | % | | 6.4 | % | | 5.7 | % | | 4.3 | % | | 3.2 | % | | | | | | | | | | | | | | |
與上一季度相比有所變化 | | 1.5 | % | | 2.2 | % | | 1.5 | % | | 1.0 | % | | 0.9 | % | | 0.9 | % | | 0.5 | % | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)作為其他收入組成部分的賬單和保單費用及其他費用收入作為承保費用的減少額分配。
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
帳單和保單費用及其他 | | $ | 9 | | | $ | 10 | | | $ | 9 | | | $ | 9 | | | $ | 10 | | | $ | 9 | | | $ | 9 | | | | | | | | | $ | 28 | | | $ | 28 | | | | | |
費用收入 | | $ | 3 | | | $ | 3 | | | $ | 3 | | | $ | 3 | | | $ | 3 | | | $ | 4 | | | $ | 4 | | | | | | | | | $ | 9 | | | $ | 11 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
利息支出和其他
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
收入 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
其他收入 | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | $ | — | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
索賠和費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
利息支出 | | 82 | | | 83 | | | 87 | | | 88 | | | 87 | | | 88 | | | 88 | | | | | | | | | 252 | | | 263 | | | | | |
一般和行政費用 | | 6 | | | 8 | | | 8 | | | 7 | | | 8 | | | 9 | | | 8 | | | | | | | | | 22 | | | 25 | | | | | |
索賠和費用總額 | | 88 | | | 91 | | | 95 | | | 95 | | | 95 | | | 97 | | | 96 | | | | | | | | | 274 | | | 288 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
所得税優惠前虧損 | | (88) | | | (91) | | | (95) | | | (95) | | | (95) | | | (97) | | | (96) | | | | | | | | | (274) | | | (288) | | | | | |
所得税優惠 | | (19) | | | (19) | | | (20) | | | (20) | | | (21) | | | (21) | | | (20) | | | | | | | | | (58) | | | (62) | | | | | |
損失 | | $ | (69) | | | $ | (72) | | | $ | (75) | | | $ | (75) | | | $ | (74) | | | $ | (76) | | | $ | (76) | | | | | | | | | $ | (216) | | | $ | (226) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
合併資產負債表
| | | | | | | | | | | | | | |
(百萬美元和股票) | | 9月30日, 2022 | | 十二月三十一日, 2021 |
資產 | | | | |
固定到期日,可供出售,按公允價值計算(攤銷成本分別為76,471美元和74,751美元;預期信貸損失準備金分別為3美元和3美元) | | $ | 68,450 | | | $ | 77,810 | |
按公允價值計算的股權證券(成本分別為757美元和749美元) | | 774 | | | 893 | |
房地產投資 | | 954 | | | 979 | |
短期證券 | | 3,927 | | | 3,836 | |
其他投資 | | 4,008 | | | 3,857 | |
總投資 | | 78,113 | | | 87,375 | |
現金 | | 773 | | | 761 | |
應計投資收益 | | 583 | | | 615 | |
應收保費(扣除預期信貸損失準備金86美元和107美元后的淨額) | | 8,886 | | | 8,085 | |
可收回的再保險(扣除估計無法收回的再保險準備金後為133美元和141美元) | | 8,202 | | | 8,452 | |
放棄未賺取的保費 | | 1,199 | | | 902 | |
遞延收購成本 | | 2,858 | | | 2,542 | |
遞延税金 | | 2,175 | | | — | |
合同人應收賬款(扣除預期信貸損失準備金18美元和21美元) | | 3,749 | | | 3,890 | |
商譽 | | 3,922 | | | 4,008 | |
其他無形資產 | | 287 | | | 306 | |
其他資產 | | 3,570 | | | 3,530 | |
總資產 | | $ | 114,317 | | | $ | 120,466 | |
| | | | |
負債 | | | | |
理賠和理賠費用準備金 | | $ | 58,138 | | | $ | 56,907 | |
未賺取的保費準備金 | | 18,364 | | | 16,469 | |
應付契約人 | | 3,767 | | | 3,911 | |
再保險保費的應付款項 | | 629 | | | 384 | |
遞延税金 | | — | | | 289 | |
債務 | | 7,291 | | | 7,290 | |
其他負債 | | 6,222 | | | 6,329 | |
總負債 | | 94,411 | | | 91,579 | |
股東權益 | | | | |
普通股(核定1 750.0股;已發行和已發行股票分別為234.3股和241.2股) | | 24,472 | | | 24,154 | |
留存收益 | | 42,917 | | | 41,555 | |
累計其他綜合收益(虧損) | | (7,908) | | | 1,193 | |
庫存股,按成本計算(550.8和541.5股) | | (39,575) | | | (38,015) | |
股東權益總額 | | 19,906 | | | 28,887 | |
總負債和股東權益 | | $ | 114,317 | | | $ | 120,466 | |
| | | | |
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
投資組合
| | | | | | | | | | | | | | | | | | | | | | | | | | |
(按賬面價值計算,百萬美元) | | 9月30日, 2022 | | 税前帳簿 收益率(1) | | 十二月三十一日, 2021 | | 税前帳簿 收益率(1) |
投資組合 | | | | | | | | |
應税固定到期日 | | $ | 40,863 | | | 2.79 | % | | $ | 44,743 | | | 2.60 | % |
免税固定期限 | | 27,587 | | | 2.90 | % | | 33,067 | | | 2.81 | % |
總固定到期日 | | 68,450 | | | 2.84 | % | | 77,810 | | | 2.69 | % |
不可贖回優先股 | | 58 | | | 3.07 | % | | 66 | | | 3.04 | % |
普通股 | | 716 | | | | | 827 | | | |
總股本證券 | | 774 | | | | | 893 | | | |
房地產投資 | | 954 | | | | | 979 | | | |
短期證券 | | 3,927 | | | 3.06 | % | | 3,836 | | | 0.10 | % |
私募股權 | | 2,752 | | | | | 2,672 | | | |
對衝基金 | | 228 | | | | | 231 | | | |
房地產合夥企業 | | 851 | | | | | 768 | | | |
其他投資 | | 177 | | | | | 186 | | | |
其他投資總額 | | 4,008 | | | | | 3,857 | | | |
總投資 | | $ | 78,113 | | | | | $ | 87,375 | | | |
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未實現投資收益(虧損)淨額,包括在股東權益中的税後淨額 | | $ | (6,317) | | | | | $ | 2,415 | | | |
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(1)為那些帶有內含賬面收益率的投資提供收益率。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
投資組合-固定到期日數據
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(按賬面價值計算,百萬美元) | | 9月30日, 2022 | | 十二月三十一日, 2021 | |
固定期限 | | | | | |
美國國債和美國政府公司和機構的義務 | | $ | 4,034 | | | $ | 3,562 | | |
美國各州和政治分區的義務: | | | | | |
預退款 | | 3,104 | | | 4,032 | | |
所有其他 | | 28,024 | | | 32,830 | | |
總計 | | 31,128 | | | 36,862 | | |
外國政府發行的債務證券 | | 941 | | | 1,041 | | |
抵押貸款支持證券--主要是美國政府機構的義務 | | 1,820 | | | 1,817 | | |
公司債券和所有其他債券 | | 30,527 | | | 34,528 | | |
總固定到期日 | | $ | 68,450 | | | $ | 77,810 | | |
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固定期限
質量特徵(1)
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| | 2022年9月30日 | | 2021年12月31日 |
| | 金額 | | 佔總數的百分比 | | 金額 | | 佔總數的百分比 |
質量評級 | | | | | | | | |
AAA級 | | $ | 29,937 | | | 43.7 | % | | $ | 33,323 | | | 42.8 | % |
AA型 | | 15,948 | | | 23.3 | | | 18,140 | | | 23.3 | |
A | | 12,770 | | | 18.7 | | | 14,757 | | | 19.0 | |
BAA | | 8,877 | | | 13.0 | | | 10,483 | | | 13.5 | |
總投資級 | | 67,532 | | | 98.7 | | | 76,703 | | | 98.6 | |
基數 | | 588 | | | 0.8 | | | 742 | | | 0.9 | |
B | | 270 | | | 0.4 | | | 293 | | | 0.4 | |
CAA及更低版本 | | 60 | | | 0.1 | | | 72 | | | 0.1 | |
低於投資級別的總額 | | 918 | | | 1.3 | | | 1,107 | | | 1.4 | |
總固定到期日 | | $ | 68,450 | | | 100.0 | % | | $ | 77,810 | | | 100.0 | % |
平均加權質量 | | AA2、AA | | | | AA2、AA | | |
固定到期日和短期證券的加權平均期限,扣除證券借貸活動以及投資買賣的應收賬款和應付款淨額 | | 4.8 | | | | | 4.2 | | | |
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(1)使用外部評級機構進行評級,或在沒有公開評級時由Travelers進行評級。低於投資級的資產是指評級為“巴”或以下的證券。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
投資收益
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
總投資收益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
固定期限 | | $ | 491 | | | $ | 493 | | | $ | 497 | | | $ | 508 | | | $ | 505 | | | $ | 512 | | | $ | 534 | | | | | | | | | $ | 1,481 | | | $ | 1,551 | | | | | |
短期證券 | | 3 | | | 1 | | | 2 | | | 1 | | | 2 | | | 9 | | | 23 | | | | | | | | | 6 | | | 34 | | | | | |
其他 | | 218 | | | 335 | | | 281 | | | 243 | | | 142 | | | 197 | | | 46 | | | | | | | | | 834 | | | 385 | | | | | |
| | 712 | | | 829 | | | 780 | | | 752 | | | 649 | | | 718 | | | 603 | | | | | | | | | 2,321 | | | 1,970 | | | | | |
投資費用 | | 11 | | | 11 | | | 9 | | | 9 | | | 12 | | | 11 | | | 10 | | | | | | | | | 31 | | | 33 | | | | | |
税前淨投資收益 | | 701 | | | 818 | | | 771 | | | 743 | | | 637 | | | 707 | | | 593 | | | | | | | | | 2,290 | | | 1,937 | | | | | |
所得税 | | 111 | | | 136 | | | 126 | | | 119 | | | 98 | | | 112 | | | 88 | | | | | | | | | 373 | | | 298 | | | | | |
税後淨投資收益 | | $ | 590 | | | $ | 682 | | | $ | 645 | | | $ | 624 | | | $ | 539 | | | $ | 595 | | | $ | 505 | | | | | | | | | $ | 1,917 | | | $ | 1,639 | | | | | |
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實際税率 | | 15.9 | % | | 16.7 | % | | 16.3 | % | | 16.0 | % | | 15.4 | % | | 15.8 | % | | 14.8 | % | | | | | | | | 16.3 | % | | 15.4 | % | | | | |
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平均投資資產(1) | | $81,209 | | $82,594 | | $84,647 | | $85,806 | | $86,345 | | $86,660 | | $87,315 | | | | | | | | $82,854 | | $86,818 | | | | |
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税前平均收益率(1) | | 3.5 | % | | 4.0 | % | | 3.6 | % | | 3.5 | % | | 2.9 | % | | 3.3 | % | | 2.7 | % | | | | | | | | 3.7 | % | | 3.0 | % | | | | |
平均税後收益率 | | 2.9 | % | | 3.3 | % | | 3.0 | % | | 2.9 | % | | 2.5 | % | | 2.7 | % | | 2.3 | % | | | | | | | | 3.1 | % | | 2.5 | % | | | | |
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(1)不包括未實現投資淨收益(虧損),並根據現金、投資銷售應收賬款、投資購買應付賬款和應計投資收入進行調整。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
計入股東權益的已實現投資淨收益(虧損)和未實現投資淨收益(虧損)
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
已實現投資淨收益(虧損) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
固定期限 | | $ | 14 | | | $ | 24 | | | $ | 12 | | | $ | 17 | | | $ | 2 | | | $ | (21) | | | $ | (42) | | | | | | | | | $ | 50 | | | $ | (61) | | | | | |
股權證券 | | 26 | | | 32 | | | (1) | | | 38 | | | (19) | | | (64) | | | (26) | | | | | | | | | 57 | | | (109) | | | | | |
其他 | | 4 | | | 5 | | | (3) | | | 3 | | | (6) | | | (10) | | | (25) | | | | | | | | | 6 | | | (41) | | | | | |
税前已實現投資收益(虧損) | | 44 | | | 61 | | | 8 | | | 58 | | | (23) | | | (95) | | | (93) | | | | | | | | | 113 | | | (211) | | | | | |
相關税種 | | 10 | | | 14 | | | 1 | | | 14 | | | (4) | | | (21) | | | (21) | | | | | | | | | 25 | | | (46) | | | | | |
已實現投資淨收益(虧損) | | $ | 34 | | | $ | 47 | | | $ | 7 | | | $ | 44 | | | $ | (19) | | | $ | (74) | | | $ | (72) | | | | | | | | | $ | 88 | | | $ | (165) | | | | | |
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總投資收益 | | $ | 50 | | | $ | 72 | | | $ | 24 | | | $ | 66 | | | $ | 13 | | | $ | 16 | | | $ | 15 | | | | | | | | | $ | 146 | | | $ | 44 | | | | | |
減值前總投資損失 | | (6) | | | (11) | | | (15) | | | (7) | | | (35) | | | (91) | | | (94) | | | | | | | | | (32) | | | (220) | | | | | |
減值前淨投資收益(虧損) | | 44 | | | 61 | | | 9 | | | 59 | | | (22) | | | (75) | | | (79) | | | | | | | | | 114 | | | (176) | | | | | |
減值(費用)回收淨額 | | — | | | — | | | (1) | | | (1) | | | (1) | | | (20) | | | (14) | | | | | | | | | (1) | | | (35) | | | | | |
税前已實現投資收益(虧損)淨額 | | 44 | | | 61 | | | 8 | | | 58 | | | (23) | | | (95) | | | (93) | | | | | | | | | 113 | | | (211) | | | | | |
相關税種 | | 10 | | | 14 | | | 1 | | | 14 | | | (4) | | | (21) | | | (21) | | | | | | | | | 25 | | | (46) | | | | | |
已實現投資淨收益(虧損) | | $ | 34 | | | $ | 47 | | | $ | 7 | | | $ | 44 | | | $ | (19) | | | $ | (74) | | | $ | (72) | | | | | | | | | $ | 88 | | | $ | (165) | | | | | |
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(百萬美元) | | 3月31日, 2021 | | 6月30日, 2021 | | 9月30日, 2021 | | 十二月三十一日, 2021 | | 3月31日, 2022 | | 6月30日, 2022 | | 9月30日, 2022 | | | | | | | | | | | | | | |
未實現投資收益(虧損)淨額,按資產類型,包括在股東權益中的税後淨額 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
固定期限 | | $ | 3,577 | | | $ | 4,113 | | | $ | 3,428 | | | $ | 3,062 | | | $ | (1,768) | | | $ | (4,814) | | | $ | (8,018) | | | | | | | | | | | | | | | |
其他 | | 2 | | | (1) | | | (2) | | | (2) | | | (2) | | | (3) | | | (3) | | | | | | | | | | | | | | | |
税前未實現投資收益(虧損) | | 3,579 | | | 4,112 | | | 3,426 | | | 3,060 | | | (1,770) | | | (4,817) | | | (8,021) | | | | | | | | | | | | | | | |
相關税種 | | 762 | | | 873 | | | 727 | | | 645 | | | (379) | | | (1,025) | | | (1,704) | | | | | | | | | | | | | | | |
期末餘額 | | $ | 2,817 | | | $ | 3,239 | | | $ | 2,699 | | | $ | 2,415 | | | $ | (1,391) | | | $ | (3,792) | | | $ | (6,317) | | | | | | | | | | | | | | | |
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The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
再保險可追回款項
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(百萬美元) | | 2022年9月30日 | | 2021年12月31日 |
已支付和未支付的索賠和索賠調整費用的再保險可追回毛數(1) | | $ | 3,918 | | | $ | 3,931 | |
結構調整總和(2) | | 2,808 | | | 2,900 | |
強制池和關聯(3) | | 1,609 | | | 1,762 | |
可收回的再保險總金額(4) | | 8,335 | | | 8,593 | |
估計無法收回再保險撥備(5) | | (133) | | | (141) | |
可收回的再保險淨額 | | $ | 8,202 | | | $ | 8,452 | |
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(1)本公司最大的五個再保險人組別,包括具追溯力的再保險,計入可收回的再保險總額如下:
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再保險人 | | A.M.集團主要再保險公司的最佳評級 | | 2022年9月30日 |
瑞士再保險集團 | | A+16個收視率中的第二高 | | $ | 560 | |
慕尼黑再保險公司 | | A+16個收視率中的第二高 | | 341 | |
伯克希爾哈撒韋 | | 16個收視率中A++最高 | | 321 | |
阿勒格哈尼集團 | | A+16個收視率中的第二高 | | 216 | |
安盛集團 | | A+16個收視率中的第二高 | | 174 | |
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已支付和未支付索賠的再保險可收回總額和索賠調整費用是指再保險人就已知和已發生但未報告的索賠應支付的當前和估計未來金額。割讓儲量以與相關直接儲量及假設儲量一致的方式估計。雖然這一總數包括來自近1000家不同再保險實體的應收賬款,但約有一半歸因於10家再保險公司集團。
(2)再保險可追討款項包括與結構性結算有關的若干金額,包括向各人壽保險公司購買年金以了結某些人身傷害申索,其中工人補償申索佔相當大的比例。在本公司沒有收到索賠人的豁免的情況下,人壽保險公司與結構性結算相關的應付金額將包括在公司綜合資產負債表的索賠和索賠調整費用準備金以及可收回的再保險項目中,因為公司保留在人壽保險公司未能支付所需年金的情況下支付索賠人的責任。如果購買的年金不在國家擔保協會的覆蓋範圍內,該公司將被要求支付此類款項。
本公司在結構性結算總額中排名前五的集團如下:
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集團化 | | A.M.集團主要保險公司的最佳評級 | | 2022年9月30日 |
信保人壽集團 | | A-16個收視率中的第四高 | | $ | 705 | |
Genworth金融集團 | | B在16個評級中排名第七 | | 310 | |
約翰·漢考克集團 | | A+16個收視率中的第二高 | | 238 | |
賽美特拉金融公司 | | 在16個收視率中排名第三 | | 216 | |
光明之家金融公司 | | 在16個收視率中排名第三 | | 210 | |
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(3)強制性風險池和協會代表公司需要參與的各種非自願分配的風險池。這些保險池主要涉及工人補償和汽車保險,它們為無法在公開市場購買保險的投保人提供各種保險。在大多數州,這些強制性資金池的成本通常按照該州自願撰寫的相關業務的比例返還給參與成員。如果集合中的一名成員破產,其餘成員將按比例額外承擔集合的負債份額。
(4)在扣除強制性集合和協會以及扣除估計無法收回的再保險撥備後,2022年9月30日的再保險可收回總額中,有58.4億美元,或87%,由A.M.Best Company評級。本公司在釐定津貼時,每季度採用最新的A.M.最佳信貸評級。在A.M.Best Company評出的所有股票中,94%的股票被評為A-或更好。其餘13%的再保險可收回款項包括:6%與專屬自保保險公司有關,1%與本公司參與自願池有關,以及6%為其他公司的結餘,並非獲A.M.Best Company評級。該公司的某些可收回再保險項目以信用證、持有的資金或信託協議為抵押。
(5)本公司報告其在扣除估計無法收回的再保險撥備後的再保險可收回款項。該津貼是根據本公司對未償還金額、收款期的長短、再保險人信用狀況的變化、糾紛、適用的承保抗辯和其他相關因素進行的持續審查得出的。對於結構性和解,津貼還基於公司對人壽保險公司信用狀況的持續審查,以及如果人壽保險公司違約,估計國家擔保基金可提供的承保金額。違約概率法反映了當前和預測的經濟狀況,用來估計因信貸相關因素而導致的無法收回的再保險金額,並在估計無法收回再保險撥備中報告。該津貼還包括與再保險公司的糾紛風險有關的估計無法收回的金額。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
損失準備和損失調整費用淨額
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
法定虧損準備金及虧損調整費用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
商業保險 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
期初 | | $ | 36,999 | | | $ | 37,694 | | | $ | 38,010 | | | $ | 38,342 | | | $ | 38,233 | | | $ | 38,450 | | | $ | 38,618 | | | | | | | | | $ | 36,999 | | | $ | 38,233 | | | | | |
已招致 | | 2,741 | | | 2,500 | | | 2,657 | | | 2,326 | | | 2,472 | | | 2,656 | | | 2,911 | | | | | | | | | 7,898 | | | 8,039 | | | | | |
已支付 | | (2,056) | | | (2,196) | | | (2,288) | | | (2,438) | | | (2,242) | | | (2,411) | | | (2,516) | | | | | | | | | (6,540) | | | (7,169) | | | | | |
外匯和其他 | | 10 | | | 12 | | | (37) | | | 3 | | | (13) | | | (77) | | | (108) | | | | | | | | | (15) | | | (198) | | | | | |
期末 | | $ | 37,694 | | | $ | 38,010 | | | $ | 38,342 | | | $ | 38,233 | | | $ | 38,450 | | | $ | 38,618 | | | $ | 38,905 | | | | | | | | | $ | 38,342 | | | $ | 38,905 | | | | | |
債券及專業保險 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
期初 | | $ | 3,571 | | | $ | 3,691 | | | $ | 3,770 | | | $ | 3,892 | | | $ | 3,938 | | | $ | 4,079 | | | $ | 4,118 | | | | | | | | | $ | 3,571 | | | $ | 3,938 | | | | | |
已招致 | | 371 | | | 331 | | | 373 | | | 385 | | | 351 | | | 328 | | | 328 | | | | | | | | | 1,075 | | | 1,007 | | | | | |
已支付 | | (256) | | | (254) | | | (235) | | | (341) | | | (197) | | | (242) | | | (345) | | | | | | | | | (745) | | | (784) | | | | | |
外匯和其他 | | 5 | | | 2 | | | (16) | | | 2 | | | (13) | | | (47) | | | (59) | | | | | | | | | (9) | | | (119) | | | | | |
期末 | | $ | 3,691 | | | $ | 3,770 | | | $ | 3,892 | | | $ | 3,938 | | | $ | 4,079 | | | $ | 4,118 | | | $ | 4,042 | | | | | | | | | $ | 3,892 | | | $ | 4,042 | | | | | |
人身保險 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
期初 | | $ | 5,677 | | | $ | 5,768 | | | $ | 6,113 | | | $ | 6,428 | | | $ | 6,418 | | | $ | 6,498 | | | $ | 6,940 | | | | | | | | | $ | 5,677 | | | $ | 6,418 | | | | | |
已招致 | | 1,808 | | | 2,172 | | | 2,385 | | | 2,062 | | | 2,171 | | | 2,774 | | | 2,795 | | | | | | | | | 6,365 | | | 7,740 | | | | | |
已支付 | | (1,730) | | | (1,837) | | | (2,051) | | | (2,075) | | | (2,103) | | | (2,306) | | | (2,486) | | | | | | | | | (5,618) | | | (6,895) | | | | | |
外匯和其他 | | 13 | | | 10 | | | (19) | | | 3 | | | 12 | | | (26) | | | (57) | | | | | | | | | 4 | | | (71) | | | | | |
期末 | | $ | 5,768 | | | $ | 6,113 | | | $ | 6,428 | | | $ | 6,418 | | | $ | 6,498 | | | $ | 6,940 | | | $ | 7,192 | | | | | | | | | $ | 6,428 | | | $ | 7,192 | | | | | |
總計 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
期初 | | $ | 46,247 | | | $ | 47,153 | | | $ | 47,893 | | | $ | 48,662 | | | $ | 48,589 | | | $ | 49,027 | | | $ | 49,676 | | | | | | | | | $ | 46,247 | | | $ | 48,589 | | | | | |
已招致 | | 4,920 | | | 5,003 | | | 5,415 | | | 4,773 | | | 4,994 | | | 5,758 | | | 6,034 | | | | | | | | | 15,338 | | | 16,786 | | | | | |
已支付 | | (4,042) | | | (4,287) | | | (4,574) | | | (4,854) | | | (4,542) | | | (4,959) | | | (5,347) | | | | | | | | | (12,903) | | | (14,848) | | | | | |
外匯和其他 | | 28 | | | 24 | | | (72) | | | 8 | | | (14) | | | (150) | | | (224) | | | | | | | | | (20) | | | (388) | | | | | |
期末 | | $ | 47,153 | | | $ | 47,893 | | | $ | 48,662 | | | $ | 48,589 | | | $ | 49,027 | | | $ | 49,676 | | | $ | 50,139 | | | | | | | | | $ | 48,662 | | | $ | 50,139 | | | | | |
上一年儲備發展:不利(有利) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
商業保險 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
石棉 | | $ | — | | | $ | — | | | $ | 225 | | | $ | — | | | $ | — | | | $ | — | | | $ | 212 | | | | | | | | | $ | 225 | | | $ | 212 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
所有其他 | | (134) | | | (73) | | | (117) | | | (74) | | | (113) | | | (202) | | | (151) | | | | | | | | | (324) | | | (466) | | | | | |
全額商業保險(1) | | (134) | | | (73) | | | 108 | | | (74) | | | (113) | | | (202) | | | 61 | | | | | | | | | (99) | | | (254) | | | | | |
債券及專業保險 | | (15) | | | (44) | | | (22) | | | (24) | | | (35) | | | (73) | | | (63) | | | | | | | | | (81) | | | (171) | | | | | |
人身保險 | | (168) | | | (65) | | | (30) | | | 3 | | | (5) | | | (16) | | | (18) | | | | | | | | | (263) | | | (39) | | | | | |
總計 | | $ | (317) | | | $ | (182) | | | $ | 56 | | | $ | (95) | | | $ | (153) | | | $ | (291) | | | $ | (20) | | | | | | | | | $ | (443) | | | $ | (464) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)不包括折扣的增加。
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
石棉儲量
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
石棉儲量 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
期初準備金: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | $ | 1,668 | | | $ | 1,616 | | | $ | 1,565 | | | $ | 1,777 | | | $ | 1,687 | | | $ | 1,635 | | | $ | 1,547 | | | | | | | | | $ | 1,668 | | | $ | 1,687 | | | | | |
割讓 | | (330) | | | (327) | | | (315) | | | (369) | | | (346) | | | (331) | | | (322) | | | | | | | | | (330) | | | (346) | | | | | |
網絡 | | 1,338 | | | 1,289 | | | 1,250 | | | 1,408 | | | 1,341 | | | 1,304 | | | 1,225 | | | | | | | | | 1,338 | | | 1,341 | | | | | |
已發生的損失和損失費用: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | — | | | — | | | 287 | | | — | | | — | | | — | | | 287 | | | | | | | | | 287 | | | 287 | | | | | |
割讓 | | — | | | — | | | (62) | | | — | | | — | | | — | | | (75) | | | | | | | | | (62) | | | (75) | | | | | |
已支付的損失和損失費用: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | 52 | | | 51 | | | 75 | | | 89 | | | 52 | | | 85 | | | 68 | | | | | | | | | 178 | | | 205 | | | | | |
割讓 | | (3) | | | (12) | | | (8) | | | (23) | | | (16) | | | (8) | | | (25) | | | | | | | | | (23) | | | (49) | | | | | |
外匯和其他: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | — | | | — | | | — | | | (1) | | | — | | | (3) | | | (1) | | | | | | | | | — | | | (4) | | | | | |
割讓 | | — | | | — | | | — | | | — | | | (1) | | | 1 | | | — | | | | | | | | | — | | | — | | | | | |
期末準備金: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
毛收入 | | 1,616 | | | 1,565 | | | 1,777 | | | 1,687 | | | 1,635 | | | 1,547 | | | 1,765 | | | | | | | | | 1,777 | | | 1,765 | | | | | |
割讓 | | (327) | | | (315) | | | (369) | | | (346) | | | (331) | | | (322) | | | (372) | | | | | | | | | (369) | | | (372) | | | | | |
網絡 | | $ | 1,289 | | | $ | 1,250 | | | $ | 1,408 | | | $ | 1,341 | | | $ | 1,304 | | | $ | 1,225 | | | $ | 1,393 | | | | | | | | | $ | 1,408 | | | $ | 1,393 | | | | | |
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見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
大寫
| | | | | | | | | | | | | | |
(百萬美元) | | 9月30日, 2022 | | 十二月三十一日, 2021 |
債務 | | | | |
| | | | |
短期債務 | | | | |
商業票據 | | $ | 100 | | | $ | 100 | |
短期債務總額 | | 100 | | | 100 | |
長期債務 | | | | |
7.75%優先債券,2026年4月15日到期 | | 200 | | | 200 | |
7.625%次級債券,2027年12月15日到期 | | 125 | | | 125 | |
6.375釐優先債券,2033年3月15日到期(1) | | 500 | | | 500 | |
2036年6月20日到期的6.75%優先債券(1) | | 400 | | | 400 | |
6.25%優先債券,2037年6月15日到期(1) | | 800 | | | 800 | |
5.35%優先債券將於2040年11月1日到期(1) | | 750 | | | 750 | |
4.60%優先債券,2043年8月1日到期(1) | | 500 | | | 500 | |
4.30%優先債券,2045年8月25日到期(1) | | 400 | | | 400 | |
8.50%次級債券,2045年12月15日到期 | | 56 | | | 56 | |
2046年5月15日到期的3.75%優先債券(1) | | 500 | | | 500 | |
8.312%次級債券,2046年7月1日到期 | | 73 | | | 73 | |
4.00%優先債券,2047年5月30日到期(1) | | 700 | | | 700 | |
4.05釐優先債券,2048年3月7日到期(1) | | 500 | | | 500 | |
4.10%優先債券,2049年3月4日到期(1) | | 500 | | | 500 | |
2.55%優先債券,2050年4月27日到期(1) | | 500 | | | 500 | |
3.05釐優先債券,2051年6月8日到期(1) | | 750 | | | 750 | |
長期債務總額 | | 7,254 | | | 7,254 | |
未攤銷公允價值調整 | | 38 | | | 39 | |
未攤銷債務發行成本 | | (101) | | | (103) | |
| | 7,191 | | | 7,190 | |
債務總額 | | 7,291 | | | 7,290 | |
普通股權益(不包括扣除税後的未實現投資淨收益(虧損),包括在股東權益中) | | 26,223 | | | 26,472 | |
資本總額(不包括包括在股東權益中的未實現投資收益(虧損)淨額、税後淨額) | | $ | 33,514 | | | $ | 33,762 | |
總負債與資本之比(不包括未實現投資收益(虧損)淨額,包括在股東權益中的税後淨額) | | 21.8 | % | | 21.6 | % |
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(1)可隨時兑換,保費為“全額”。
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
法定資本和盈餘對公認會計準則股東權益的調節
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(百萬美元) | | 9月30日, 2022 (1) | | 十二月三十一日, 2021 |
法定資本和盈餘 | | $ | 23,375 | | | $ | 23,906 | |
GAAP調整 | | | | |
商譽和無形資產 | | 3,553 | | | 3,557 | |
投資 | | (7,722) | | | 3,261 | |
非保險公司 | | (4,422) | | | (4,230) | |
遞延收購成本 | | 2,858 | | | 2,542 | |
遞延聯邦所得税 | | 1,070 | | | (1,274) | |
現行聯邦所得税 | | (1) | | | (39) | |
再保險可追回款項 | | 87 | | | 87 | |
傢俱、設備和軟件 | | 713 | | | 770 | |
代理餘額 | | 152 | | | 147 | |
其他 | | 243 | | | 160 | |
GAAP調整總額 | | (3,469) | | | 4,981 | |
公認會計準則股東權益 | | $ | 19,906 | | | $ | 28,887 | |
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(1)估算和初步估算
見第35頁和第36頁的財務指標詞彙表和可報告業務分類説明。
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
現金流量表
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
經營活動的現金流 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
淨收入 | | $ | 733 | | | $ | 934 | | | $ | 662 | | | $ | 1,333 | | | $ | 1,018 | | | $ | 551 | | | $ | 454 | | | | | | | | | $ | 2,329 | | | $ | 2,023 | | | | | |
將淨收入與經營活動提供的現金淨額進行調整: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
已實現投資(收益)損失淨額 | | (44) | | | (61) | | | (8) | | | (58) | | | 23 | | | 95 | | | 93 | | | | | | | | | (113) | | | 211 | | | | | |
折舊及攤銷 | | 235 | | | 215 | | | 212 | | | 208 | | | 234 | | | 210 | | | 195 | | | | | | | | | 662 | | | 639 | | | | | |
遞延聯邦所得税支出(福利) | | 56 | | | 1 | | | 4 | | | 1 | | | 40 | | | (68) | | | (102) | | | | | | | | | 61 | | | (130) | | | | | |
遞延收購成本的攤銷 | | 1,207 | | | 1,254 | | | 1,281 | | | 1,301 | | | 1,310 | | | 1,365 | | | 1,406 | | | | | | | | | 3,742 | | | 4,081 | | | | | |
其他投資收益中的權益 | | (200) | | | (313) | | | (261) | | | (219) | | | (118) | | | (177) | | | (24) | | | | | | | | | (774) | | | (319) | | | | | |
應收保費 | | (333) | | | (385) | | | 256 | | | 204 | | | (509) | | | (562) | | | 210 | | | | | | | | | (462) | | | (861) | | | | | |
再保險可追回款項 | | 12 | | | 142 | | | (134) | | | (121) | | | (282) | | | 198 | | | 269 | | | | | | | | | 20 | | | 185 | | | | | |
遞延收購成本 | | (1,258) | | | (1,343) | | | (1,354) | | | (1,272) | | | (1,413) | | | (1,504) | | | (1,502) | | | | | | | | | (3,955) | | | (4,419) | | | | | |
理賠和理賠費用準備金 | | 777 | | | 536 | | | 986 | | | 89 | | | 679 | | | 593 | | | 422 | | | | | | | | | 2,299 | | | 1,694 | | | | | |
未賺取的保費準備金 | | 509 | | | 459 | | | 492 | | | (211) | | | 727 | | | 671 | | | 635 | | | | | | | | | 1,460 | | | 2,033 | | | | | |
其他 | | (504) | | | 410 | | | 407 | | | 437 | | | (443) | | | 3 | | | 428 | | | | | | | | | 313 | | | (12) | | | | | |
經營活動提供的淨現金 | | 1,190 | | | 1,849 | | | 2,543 | | | 1,692 | | | 1,266 | | | 1,375 | | | 2,484 | | | | | | | | | 5,582 | | | 5,125 | | | | | |
投資活動產生的現金流 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
固定期限的收益 | | 2,064 | | | 2,283 | | | 2,176 | | | 2,329 | | | 1,879 | | | 1,818 | | | 1,784 | | | | | | | | | 6,523 | | | 5,481 | | | | | |
出售投資的收益: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
固定期限 | | 1,238 | | | 1,244 | | | 382 | | | 301 | | | 1,044 | | | 1,657 | | | 1,250 | | | | | | | | | 2,864 | | | 3,951 | | | | | |
股權證券 | | 25 | | | 20 | | | 29 | | | 28 | | | 63 | | | 21 | | | 20 | | | | | | | | | 74 | | | 104 | | | | | |
房地產投資 | | — | | | — | | | 7 | | | 24 | | | — | | | — | | | 10 | | | | | | | | | 7 | | | 10 | | | | | |
其他投資 | | 79 | | | 116 | | | 80 | | | 152 | | | 81 | | | 92 | | | 69 | | | | | | | | | 275 | | | 242 | | | | | |
購買投資: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
固定期限 | | (4,754) | | | (4,708) | | | (4,894) | | | (3,797) | | | (4,409) | | | (3,589) | | | (4,102) | | | | | | | | | (14,356) | | | (12,100) | | | | | |
股權證券 | | (19) | | | (22) | | | (334) | | | (32) | | | (63) | | | (23) | | | (26) | | | | | | | | | (375) | | | (112) | | | | | |
房地產投資 | | (5) | | | (9) | | | (8) | | | (6) | | | (9) | | | (7) | | | (12) | | | | | | | | | (22) | | | (28) | | | | | |
其他投資 | | (97) | | | (124) | | | (115) | | | (184) | | | (135) | | | (117) | | | (162) | | | | | | | | | (336) | | | (414) | | | | | |
短期證券淨賣出(買入) | | 524 | | | (718) | | | 948 | | | 917 | | | 367 | | | (110) | | | (364) | | | | | | | | | 754 | | | (107) | | | | | |
結算過程中的證券交易 | | 269 | | | (40) | | | 178 | | | (426) | | | 613 | | | (377) | | | (22) | | | | | | | | | 407 | | | 214 | | | | | |
收購,扣除收購現金後的淨額 | | (38) | | | — | | | — | | | — | | | (4) | | | — | | | — | | | | | | | | | (38) | | | (4) | | | | | |
其他 | | (60) | | | (53) | | | (86) | | | (80) | | | (84) | | | (75) | | | (132) | | | | | | | | | (199) | | | (291) | | | | | |
用於投資活動的現金淨額 | | (774) | | | (2,011) | | | (1,637) | | | (774) | | | (657) | | | (710) | | | (1,687) | | | | | | | | | (4,422) | | | (3,054) | | | | | |
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The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
現金流量表(續)
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(百萬美元) | | 1Q2021 | | 2Q2021 | | 3Q2021 | | 4Q2021 | | 1Q2022 | | 2Q2022 | | 3Q2022 | | | | | | | | 2021年第三季度 | | 2022年第三季度 | | | | |
融資活動產生的現金流 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
庫存股收購-股份回購授權 | | (356) | | | (400) | | | (600) | | | (800) | | | (500) | | | (500) | | | (500) | | | | | | | | | (1,356) | | | (1,500) | | | | | |
收購的庫存股--基於員工股份的淨薪酬 | | (41) | | | (1) | | | (1) | | | (1) | | | (59) | | | — | | | (1) | | | | | | | | | (43) | | | (60) | | | | | |
支付給股東的股息 | | (214) | | | (222) | | | (219) | | | (214) | | | (213) | | | (223) | | | (220) | | | | | | | | | (655) | | | (656) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
債務的發行 | | — | | | 739 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | 739 | | | — | | | | | |
普通股--員工股票期權的發行 | | 134 | | | 72 | | | 50 | | | 37 | | | 159 | | | 35 | | | 11 | | | | | | | | | 256 | | | 205 | | | | | |
融資活動提供(用於)的現金淨額 | | (477) | | | 188 | | | (770) | | | (978) | | | (613) | | | (688) | | | (710) | | | | | | | | | (1,059) | | | (2,011) | | | | | |
匯率變動對現金的影響 | | 3 | | | — | | | (7) | | | 3 | | | (5) | | | (19) | | | (24) | | | | | | | | | (4) | | | (48) | | | | | |
現金淨增(減) | | (58) | | | 26 | | | 129 | | | (57) | | | (9) | | | (42) | | | 63 | | | | | | | | | 97 | | | 12 | | | | | |
期初現金 | | 721 | | | 663 | | | 689 | | | 818 | | | 761 | | | 752 | | | 710 | | | | | | | | | 721 | | | 761 | | | | | |
期末現金 | | $ | 663 | | | $ | 689 | | | $ | 818 | | | $ | 761 | | | $ | 752 | | | $ | 710 | | | $ | 773 | | | | | | | | | $ | 818 | | | $ | 773 | | | | | |
已繳納的所得税 | | $ | 58 | | | $ | 284 | | | $ | 201 | | | $ | 164 | | | $ | 10 | | | $ | 542 | | | $ | 111 | | | | | | | | | $ | 543 | | | $ | 663 | | | | | |
支付的利息 | | $ | 59 | | | $ | 104 | | | $ | 59 | | | $ | 115 | | | $ | 59 | | | $ | 115 | | | $ | 60 | | | | | | | | | $ | 222 | | | $ | 234 | | | | | |
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The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
財務指標詞彙表和可報告業務分類説明
公司管理層使用以下衡量標準來對照歷史業績評估財務業績,在綜合基礎上建立業績目標,以及出於以下討論的其他原因。在某些情況下,根據適用的美國證券交易委員會規則,這些計量被視為非公認會計準則財務計量,因為它們沒有在合併財務報表中作為單獨的項目顯示,或者沒有要求在財務報表附註中披露,或者在某些情況下,包括或排除了通常不包括或排除在最具可比性的公認會計準則財務計量中的某些項目。
公司管理層認為,對這些措施的討論使投資者、財務分析師、評級機構和其他財務報表使用者更好地瞭解構成公司定期運營結果的重要因素,以及管理層如何評估公司的財務業績。
其中一些措施不包括已實現投資收益(虧損)淨額、税後淨額和/或未實現投資收益(虧損)淨額,包括在股東權益中,這可能會受到可自由支配和其他經濟因素的重大影響,不一定能反映經營趨勢。
其他公司可能會以不同的方式計算這些衡量標準,因此,他們的衡量標準可能無法與公司管理層使用的衡量標準進行比較。
核心收益(虧損)是指綜合淨收益(虧損),不包括已實現投資淨收益(虧損)、非持續經營、頒佈時税法和税率變化的影響以及適用時會計原則變化的累積影響的税後影響。分部收入(虧損)的釐定方式與以分部為基礎的核心收入(虧損)相同。管理層使用分部收益(虧損)來分析每個分部的業績,並將其作為制定業務決策的工具。財務報表使用者在分析保險公司的業績和趨勢時也會考慮核心收益(損失)。每股核心收益(虧損)是基於每股普通股的核心收益(虧損)。
平均股東權益是(A)列報期間內每個季度開始及結束時的股東權益總額除以(B)列報期間內的季度數目乘以2。經調整股東權益指股東權益,不包括已實現投資收益(虧損)淨額、税項淨額、未實現投資收益(虧損)淨額、已列報期間股東權益所包含的税金淨額以及制定時税法和税率變化的影響(不包括與未實現投資收益(虧損)淨額相關的部分)。經調整平均股東權益為(A)列報期間內每個季度期初及期末經調整股東權益總額除以(B)列報期間內的季度數目乘以二。
調整後的股東權益與股東權益的對賬
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| | 自.起 | | | | |
(百萬美元) | | March 31, 2021 | | June 30, 2021 | | 2021年9月30日 | | 2021年12月31日 | | March 31, 2022 | | June 30, 2022 | | 2022年9月30日 | | | | | | |
股東權益 | | $ | 28,269 | | | $ | 29,156 | | | $ | 28,474 | | | $ | 28,887 | | | $ | 25,531 | | | $ | 22,874 | | | $ | 19,906 | | | | | | | |
調整: | | | | | | | | | | | | | | | | | | | | |
未實現投資(收益)損失淨額,包括在股東權益中的税後淨額 | | (2,817) | | | (3,239) | | | (2,699) | | | (2,415) | | | 1,391 | | | 3,792 | | | 6,317 | | | | | | | |
已實現投資(收益)損失淨額,税後淨額 | | (34) | | | (81) | | | (88) | | | (132) | | | 19 | | | 93 | | | 165 | | | | | | | |
税法和/或税率變化的影響(1) | | — | | | (8) | | | (8) | | | (8) | | | — | | | — | | | — | | | | | | | |
調整後股東權益 | | $ | 25,418 | | | $ | 25,828 | | | $ | 25,679 | | | $ | 26,332 | | | $ | 26,941 | | | $ | 26,759 | | | $ | 26,388 | | | | | | | |
(1)在變更頒佈的會計期間確認影響 | | | | | | | | | | | | | | | | | | | | |
股本回報率是指列示期間的年化淨收益(虧損)與平均股東權益的比率。核心股本回報率是指列示期間的年化核心收益(虧損)與調整後平均股東權益的比率。在公司管理層看來,這些是管理層通過經營活動和資本管理為股東創造價值的重要指標。
承保收益(損失)是淨賺取的保費和手續費收入減去索賠和索賠調整費用以及與保險有關的費用。本公司管理層認為,重要的是衡量每個部門的盈利能力,不包括投資活動的結果,投資活動與保險業務分開管理。這一衡量標準用於評估每個細分市場的業務表現,並作為制定業務決策的工具。
巨災是由國際公認的組織指定的嚴重損失,這些組織跟蹤和報告災難性事件造成的保險損失,例如美國和加拿大事件的財產索賠服務(PCS)。除其他外,颶風、龍捲風和其他風暴、地震、冰雹、野火、嚴冬天氣、洪水、海嘯、火山噴發和其他自然發生的事件,如太陽耀斑,都可能造成災難。災難也可能是人為的,例如恐怖襲擊和其他故意破壞行為,包括涉及核、生物、化學和輻射事件、網絡事件、爆炸和破壞基礎設施的行為。每一次災難都有獨特的特點,災難在時間或數量上都是不可預測的。其影響在發生時計入淨收益和核心收入以及索賠和索賠調整費用準備金。巨災可能導致從不同的池中支付再保險、復原費和攤款。該公司披露災難的門檻主要確定在可報告的部門層面。如果超過一個分部或其組合的門檻,而其他分部因同一事件而產生損失,則該事件的損失在分部業績和本公司的綜合業績中被確認為巨災損失。此外,對所有可報告細分市場的國際業務應用了一個彙總門檻。2022年的門檻從2000萬美元到3000萬美元的再保險和税前損失。
有利(不利)上年度損失準備金髮展淨額是指因對一組索賠在連續的估值日期重新估計索賠和索賠調整費用準備金而產生的已發生索賠和索賠調整費用的增加或減少,這可能與一個或多個前幾年有關。在公司管理層看來,探討損失準備金的發展對
The Travelers Companies, Inc.
![https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif](https://www.sec.gov/Archives/edgar/data/86312/000008631222000064/image12.gif)
財務指標詞彙表和可報告業務分類説明
財務報表的使用者可以使用財務報表,因為財務報表使他們能夠評估上一年和本年度的發展對已發生的索賠和索賠調整費用、淨收益和核心收入(損失)以及各期間索賠和索賠調整費用準備金水平變化的影響。
法定會計實務綜合比率(SAP),綜合比率為保險監管機構要求的法定財務報表所界定的SAP虧損及LAE比率與SAP承保費用比率的總和。本財務補充資料所使用的綜合比率與SAP綜合比率相同,並以相同的方式計算,只是SAP承保費用比率以淨承保保費為基礎,而本財務補充資料所使用的承保費用比率則以淨賺取保費為基礎。對SAP而言,虧損和LAE比率是發生的虧損和虧損調整費用減去某些行政服務費收入與保險監管機構要求的法定財務報表中定義的淨賺取保費的比率。本財務補充資料中使用的損失和LAE比率的計算方式與SAP比率相同。對SAP而言,承保費用比率為已產生的承保費用(包括支付的佣金)減去某些行政服務費收入及賬單和保單費用及其他費用與保險監管機構規定的法定財務報表所界定的淨保費的比率。本財務補充資料中使用的承保費用比率是承保費用(包括遞延收購成本的攤銷)減去某些行政服務費收入以及賬單和保單費用與淨賺取保費的比率。基礎綜合比率是經調整以剔除上一年準備金發展和巨災的影響的綜合比率,扣除再保險後的淨額。
綜合比率、虧損和淨資產收益率以及承保費用比率被用作公司承保紀律、收購和服務其業務的效率以及整體承保盈利能力的指標。綜合比率低於100%通常表示承保利潤。綜合比率超過100%通常表示承保虧損。
其他公司計算類似名稱的措施的方法可能無法與本公司計算這些比率的方法相比較。
毛保費反映了根據保險合同的條款和條件,在合同有效期內向投保人收取的直接和假定合同確定的金額。淨承保保費反映承保毛保費減去轉讓給再保險人的保費。
每股賬面價值是普通股股東權益總額除以已發行普通股數量。調整後的每股賬面價值是包括在股東權益中的普通股股東權益總額除以已發行普通股數量,其中不包括未實現投資淨額和未實現投資損失淨額。本公司管理層認為,經調整的每股賬面價值有助於分析財產傷亡公司的每股賬面價值,因為它消除了價格變化對投資資產(即未實現投資收益(虧損)淨額)的影響,而投資資產對未付索賠和索賠調整費用準備金沒有同等影響。
總資本是股東權益和債務總額的總和。包括在股東權益中的不包括投資未實現淨收益(淨虧損)的債務與資本比率是包括在股東權益中的不包括未實現投資淨收益和淨虧損的債務與總資本的比率。本公司管理層認為,負債與資本比率在分析本公司財務槓桿方面是有用的。
法定資本和盈餘是指保險公司的認列資產超過其負債的部分,包括損失準備金,這是按照法定會計慣例確定的。
Travelers將其業務劃分為以下可報告的業務部門:
商業保險-商業保險為其客户提供廣泛的財產和意外傷害保險以及與保險相關的服務,主要是在美國,以及加拿大、英國、愛爾蘭共和國和世界各地作為勞合社的企業成員。商業保險的組織如下:精選賬户;中間市場,包括商業賬户、建築、技術、公共部門服務、石油和天然氣、超額意外傷害、內陸海洋、海洋和鍋爐機械;國民賬户;國家財產和其他包括國家財產、北方運輸、Northfield、國家計劃和農業商業在內的服務;以及國際包括全球服務。商業保險還包括Simply Business,這是一家主要在英國收購的領先小型企業保單提供商,於2017年8月被收購,以及商業保險Other,主要包括公司的石棉和環境負債,以及假設的再保險和某些其他徑流業務。
債券與專業保險-債券與專業保險利用不同程度的基於財務的承保方法,為其在美國的客户以及加拿大、英國、愛爾蘭共和國和巴西的某些專業保險產品提供保證、忠誠度、管理責任、專業責任和其他財產和意外傷害以及相關風險管理服務。承保範圍包括建築和一般商業企業的履約、付款、商業保證和忠誠保證金;上市公司、私營公司、非營利組織和金融機構的管理責任保險,包括董事和高級管理人員責任、員工不誠實行為、僱傭行為責任、受託責任和網絡風險;各種專業人員的專業責任保險,其中包括律師和設計專業人員;以及僅在美國的金融機構的財產、工人補償、汽車和一般法律責任。
在巴西和哥倫比亞的債券和專業保險保證業務是通過Jinto Holding Brasil S.A.(Jto)和Jto Holding Latam S.A.在巴西開展的。該公司擁有巴西擔保保險市場領先者Jinto和哥倫比亞初創企業擔保提供商Jinto Holding Latam S.A.的49.5%的股份。這些合資企業投資採用權益法入賬,並計入綜合資產負債表中的“其他投資”。
人身保險-人身保險承保範圍廣泛的財產和意外傷害保險,涵蓋個人的個人風險,主要是在美國和加拿大。汽車和房主保險的主要產品與一系列相關保險相輔相成。