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0.0340752004423556 -0.00103677080453418 -0.00103677080453418 -0.00103677080453418 0.00141692009952989 -0.0141692009953001 -0.0122857340337296 -0.016640171412773
Stock impact report

Travelers Completes Sale of Canadian Personal Insurance Business and Majority of Its Canadian Commercial Insurance Business to Definity

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today completed its previously announced sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation (TSX: DFY) for approximately US$2.4 billion. Travelers, which is the largest surety writer in North America, has retained its premier Canadian surety business.Travelers expects to use approximately US$0.7 billion of the net cash proceeds of the transaction for additional share repurchases in 2026, while retaining the remainder to support ongoing operations and for general corporate purposes. The transaction and resulting share repurchases are expected to be slightly accretive to the company’s earnings per share in 2026 and each of the next several years.Jefferies LLC and Przygoda & Co. LLC acted as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP and Stikeman Elliott LLP served as legal advisors to Travelers in t Show less Read more
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