The Travelers Companies, Inc. (TRV) completed its sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial (DFY.TO) for approximately $2.4 billion. Travelers expects to use approximately $0.7 billion of the net cash proceeds for additional share repurchases in 2026, while retaining the remainder to support ongoing operations and for general corporate purposes.
The company expects the transaction and resulting share repurchases to be slightly accretive to earnings per share in 2026 and each of the next several years.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.