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Nonprofiteer
← THE TRAVELERS COMPANIES INC

Form 990 for tax year 2023

Filed by THE TRAVELERS COMPANIES INC.

Totals

Total revenue
$421,368,798
Total expenses
$436,346,959
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$421,166,281
Investment income
$202,517
Other revenue
$0
Total assets, end of year
$27,477,551
Total liabilities, end of year
$53,459,223
Net assets or fund balances, end of year
-$25,981,672
Program services expenses (Part IX)
$436,346,959
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$436,346,959

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Participating Employer

    total $277,565,967 · related or exempt $277,565,967

  • 2b · Program service revenue: Participating Employee

    total $143,600,314 · related or exempt $143,600,314

  • 3 · Investment income

    total $202,517 · related or exempt $202,517

  • 7a · Gross sales of assets other than inventory

    securities $1,636,996

  • 7b · Less cost or other basis and sales expenses

    securities $1,636,996

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $412,844,422 · program services $412,844,422

  • 24a · Other expenses: Reserve (Decrease)

    total -$1,441,655 · program services -$1,441,655

  • 24b · Other expenses: Administrative Expenses

    total $4,448,790 · program services $4,448,790

  • 24c · Other expenses: Life/Medical Ins Premiums

    total $20,495,402 · program services $20,495,402

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,395,160 · end of year $19,006,288

  • 4 · Accounts receivable

    beginning of year $1,164,612 · end of year $1,367,855

  • 11 · Investments: publicly traded securities

    beginning of year $7,969,143 · end of year $7,103,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,794,688 · end of year $5,996,952

  • 25 · Other liabilities

    beginning of year $48,903,926 · end of year $47,462,271

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$11,169,699 · end of year -$25,981,672

Mission and programs · 2023

Mission

PROVIDE EMPLOYEE BENEFITS TO ELIGIBLE TRAVELERS COMPANIES, INC. EMPLOYEES AND RETIREES.

Activities or mission (Part I)

TO PROVIDE FOR THE PAYMENT OR REIMBURSEMENT OF COVERED EXPENSES INCURRED BY ELIGIBLE EMPLOYEES RETIREES OR THEIR ELIGIBLE DEPENDENTS

  • Medical: Benefits Incurred $389,230,269 Reserve increase $101,000 Administrative fee $4,022,598 Medical premium paid and payable $1,493,067

    Expenses $394,846,934 · Revenue $379,721,217

  • Dental: Benefits Incurred $23,597,323 Reserve increase $194,000 Administrative fee $241,677

    Expenses $24,033,000 · Revenue $23,501,929

  • LTD: Benefits Incurred $16,830 Life premium paid and payable $17,276,811 Administrative fee $184,515 Reserve decrease ($11,131)

    Expenses $17,467,025 · Revenue $17,943,135

As filed on the 2023 return.

Listed in Part VII

  • Jpmorgan Chase Bank

    NA TRUSTEE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • The Travelers Companies Inc

    C Corp · Insurance · MN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
11 July 2024
IRS schema version
2023v5.1
Source object
202401939349300015

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