# EDGAR Filing Document

**Accession Number:** 0000086312
**File Stem:** 0001104659-25-056429
**Filing Date:** 2025-6
**Character Count:** 22616
**Document Hash:** 10bd03df77838cadd970d4e00b94ecad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-056429.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0001104659-25-056429

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**EFFECTIVENESS DATE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRAVELERS COMPANIES, INC.
- **CENTRAL INDEX KEY:** 0000086312
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 410518860
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287777
- **FILM NUMBER:** 251023702

**BUSINESS ADDRESS:**
- **STREET 1:** 385 WASHINGTON ST
- **CITY:** SAINT PAUL
- **STATE:** MN
- **ZIP:** 55102
- **BUSINESS PHONE:** 6513107911

**MAIL ADDRESS:**
- **STREET 1:** 485 LEXINGTON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017-2630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ST PAUL TRAVELERS COMPANIES INC
- **DATE OF NAME CHANGE:** 20040401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ST PAUL FIRE & MARINE INSURANCE CO/MD
- **DATE OF NAME CHANGE:** 19990219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ST PAUL COMPANIES INC/MN/
- **DATE OF NAME CHANGE:** 19990219

**As filed with the Securities and Exchange Commission on June 4, 2025**

**Registration Number 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM S-8**

**REGISTRATION STATEMENT UNDER THE**

**SECURITIES ACT OF 1933**

**THE TRAVELERS COMPANIES, INC.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Minnesota** | **41-0518860** |
| (State or other jurisdiction of<br> incorporation or organization) | (IRS Employer<br> Identification No.) |

---

**485 Lexington Avenue**

**New York, New York 10017**

(Address of Principal Executive Offices) (Zip Code)

**THE TRAVELERS COMPANIES, INC.<br> AMENDED AND RESTATED**

**2023 STOCK INCENTIVE PLAN**

(Full title of the plan)

**Christine K. Kalla**<br> **Executive Vice President and General Counsel<br> The Travelers Companies, Inc.<br> 385 Washington Street**

**St. Paul, Minnesota 55102**

**(651) 310-7911**

(Name, address and telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ⌧ Accelerated filer ◻ <br> Non-accelerated filer ◻ Smaller reporting company ◻ <br> Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ◻

**Explanatory Note**

On May 21, 2025, the shareholders of The Travelers Companies, Inc. (the "Company" or "Registrant") approved an amendment to the Company's 2023 Stock Incentive Plan (the "Plan") that increased the share authorization of the Plan by 2,100,000 shares of the Company's Common Stock, without par value (the "Common Stock"). Additionally, to the extent an award under the Plan or the Company's Amended and Restated 2014 Stock Incentive Plan (the "Prior Plan") expires unexercised, is forfeited, terminated or canceled, is settled in cash or other forms of property or otherwise does not result in the issuance of shares of Common Stock, in whole or in part, the number of shares of Common Stock subject to such award will become available again for grant under the Plan. The purpose of this registration statement on Form S-8 (the "Registration Statement") is to register the offer and sale of (i) the additional 2,100,000 shares of Common Stock authorized under the Plan and (ii) 2,400,000 shares of Common Stock that may become available for issuance as a result of outstanding awards under the Plan and the Prior Plan that are forfeited, terminated, canceled or expire unexercised. In accordance with Section E of the General Instructions to Form S-8, the Registration Statement on Form S-8 previously filed with the Securities and Exchange Commission relating to the Plan ([Registration Statement No. 333-272161](https://www.sec.gov/Archives/edgar/data/86312/000110465923063976/tm2316140d1_s8.htm)), including the information contained therein, is incorporated by reference herein.

**Part I—Information Required in the Section 10(a) Prospectus**

The documents containing the information specified in this Part I will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the "Securities Act"). In accordance with the rules and regulations of the Securities and Exchange Commission (the "Commission" or "SEC") and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.

**Part II—Information Required in the Registration Statement**

**Item 3. Incorporation of Documents by Reference**

The following documents filed with the SEC by the Company are incorporated in this Registration Statement by reference:

&nbsp;&nbsp;&nbsp;&nbsp;(1) [The Company's annual report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on February 13, 2025 (the "Annual Report") ;](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000008631225000012/trv-20241231.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(2) [The Company's definitive proxy statement on Schedule 14A filed on April 4, 2025 (solely those portions that were incorporated by reference into the Annual Report) ;](https://www.sec.gov/Archives/edgar/data/86312/000008631225000019/trv-20250403.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(3) [The Company's quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on April 16, 2025 ;](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000008631225000029/trv-20250331.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(4) [The Company's current report on Form 8-K filed with the SEC on May 23, 2025 ; and](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000110465925052445/tm2515885d1_8k.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(5) [The Company's current report on Form 8-K filed with the SEC on May 27, 2025 ;](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000110465925053000/tm2515885d2_8k.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(6) The description of the Company's Common Stock contained in its description of securities, filed as [Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/86312/000008631220000011/trv-123119x10kxex41.htm) to the Company's annual report on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on February 13, 2020, including any amendments or supplements thereto .

All reports and other documents filed by the Company with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold (other than information deemed to have been "furnished" rather than "filed" in accordance with the SEC's rules) shall be deemed to be incorporated by reference in and to be a part of this Registration Statement from the date of filing of such documents.

Any statement contained in a document incorporated by reference herein shall be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein (or in any other subsequently filed document which also is incorporated by reference herein) modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 5. Interests of Named Experts and Counsel**

Wendy C. Skjerven, Esq., Vice President, Corporate Secretary and Group General Counsel of the Company, has given her opinion about certain legal matters affecting the Plan in this Registration Statement. Ms. Skjerven owns, or has the right to acquire, a number of shares of the Company's Common Stock which represents less than 1% of the total outstanding Common Stock of the Company. Ms. Skjerven participates in the Plan.

**Item 8. Exhibits**

The following is a complete list of Exhibits filed or incorporated herein by reference as part of this Registration Statement:

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description of Exhibit** |
| [4.1](https://www.sec.gov/Archives/edgar/data/86312/000110465913044679/a13-13253_1ex3d1.htm) | [Amended and Restated Articles of Incorporation of The Travelers Companies, Inc., as amended and restated May 23, 2013 (incorporated by reference to Exhibit 3.1 to the Company's current report on Form 8-K filed on May 24, 2013).](https://www.sec.gov/Archives/edgar/data/86312/000110465913044679/a13-13253_1ex3d1.htm) |
| [4.2](https://www.sec.gov/Archives/edgar/data/86312/000110465922126068/tm2232336d1_ex3-2.htm) | [Bylaws of The Travelers Companies, Inc., as amended and restated December 7, 2022 (incorporated by reference to Exhibit 3.2 to the Company's current report on Form 8-K filed on December 12, 2022).](https://www.sec.gov/Archives/edgar/data/86312/000110465922126068/tm2232336d1_ex3-2.htm) |
| [4.3](https://www.sec.gov/Archives/edgar/data/86312/000110465925052445/tm2515885d1_ex10-1.htm) | [The Travelers Companies, Inc. Amended and Restated 2023 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company's current report on Form 8-K filed on May 23, 2025).](https://www.sec.gov/Archives/edgar/data/86312/000110465925052445/tm2515885d1_ex10-1.htm) |
| [5](tm2516287d1_ex5.htm) | [Opinion of Wendy C. Skjerven, Esq.](tm2516287d1_ex5.htm) |
| [23.1](tm2516287d1_ex5.htm) | [Consent of Wendy C. Skjerven, Esq. (included in Exhibit 5).](tm2516287d1_ex5.htm) |
| [23.2](tm2516287d1_ex23-2.htm) | [Consent of KPMG LLP.](tm2516287d1_ex23-2.htm) |
| [24](tm2516287d1_ex24.htm) | [Power of Attorney.](tm2516287d1_ex24.htm) |
| [107](tm2516287d1_ex-filingfees.htm) | [Filing Fee Table.](tm2516287d1_ex-filingfees.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of St. Paul, State of Minnesota, on June 4, 2025.

---

| | |
|:---|:---|
| THE TRAVELERS COMPANIES, INC.<br> (Registrant) | THE TRAVELERS COMPANIES, INC.<br> (Registrant) |
| By: | /s/ Christine K. Kalla |
| Name: | Christine K. Kalla |
| Title: | Executive Vice President and General Counsel |

---

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| Date: June 4, 2025 | /s/ Alan D. Schnitzer |
|  | Alan D. Schnitzer, Director, Chairman and Chief Executive Officer<br> (Principal Executive Officer) |
| Date: June 4, 2025 | /s/ Daniel S. Frey |
|  | Daniel S. Frey, Executive Vice President and Chief Financial Officer<br> (Principal Financial Officer) |
| Date: June 4, 2025 | /s/ Paul E. Munson |
|  | Paul E. Munson, Senior Vice President and Corporate Controller<br> (Principal Accounting Officer) |

---

Russell G. Golden, Director\*<br> Thomas B. Leonardi, Director\*

Clarence Otis Jr., Director\*

Elizabeth E. Robinson, Director\*

Rafael Santana, Director\*

Todd C. Schermerhorn, Director\*<br> Laurie J. Thomsen, Director\*

Bridget A. van Kralingen, Director\*

David S. Williams, Director\*

\*Christine K. Kalla, by signing her name hereto, does hereby sign this document on behalf of herself and each of the above named directors of the Company pursuant to powers of attorney duly executed by such persons (set forth in Exhibit 24 to this Registration Statement).

---

| |
|:---|
| /s/ Christine K. Kalla |
| Christine K. Kalla |
| (For herself and as attorney-in-fact) |
| Date: June 4, 2025 |

---

## Ex-5

EXHIBIT 5

June 4, 2025

The Travelers Companies, Inc.

485 Lexington Avenue

New York, NY 10017

Re: The Travelers Companies, Inc. Registration Statement on Form S-8

Ladies and Gentlemen:

I am Vice President, Corporate Secretary and Group General Counsel of The Travelers Companies, Inc., a Minnesota corporation (the "Company"), and have acted as counsel to the Company in connection with the Registration Statement on Form S-8 (the "Registration Statement") relating to the offering by the Company of up to 4,500,000 shares of common stock, without par value (the "Common Stock"), of the Company that may be offered pursuant to an amendment (the "Amendment") to The Travelers Companies, Inc. Amended and Restated 2023 Stock Incentive Plan (the "Plan"). The Amendment was approved by the Company's shareholders at its 2025 Annual Meeting of Shareholders on May 21, 2025. I have examined the Company's Amended and Restated Articles of Incorporation, its Amended and Restated Bylaws, and the Plan, as amended by the Amendment, and have reviewed such other documents and such matters of law as I have deemed necessary for this opinion. Accordingly, based upon the foregoing, I am of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company is duly and validly organized and existing and in good standing under the laws of the State of Minnesota.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Company has duly authorized the issuance of the shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The shares of Common Stock that may be issued in accordance with the terms and provisions of the Plan, as amended by the Amendment, will be, upon issuance, validly issued, and fully paid and nonassessable.

I do not express any opinion herein concerning any laws of any jurisdiction other than the laws of the State of Minnesota.

I consent to the filing of this opinion as an exhibit to the Registration Statement. I also consent to the reference to me under the caption "Interests of Named Experts and Counsel" contained in the Registration Statement without implying or admitting that I am an "expert" within the meaning of the Securities Act, or other rules or regulations of the Commission issued thereunder, with respect to any part of the Registration Statement, including this exhibit.

---

| |
|:---|
| Very truly yours, |
| <br> /s/ Wendy C. Skjerven |
| Vice President, Corporate Secretary and Group General Counsel |

---

## Exhibit 23.2

EXHIBIT 23.2

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our reports dated February 13, 2025, with respect to the consolidated financial statements of The Travelers Companies, Inc. and subsidiaries, and the effectiveness of internal control over financial reporting, incorporated herein by reference.

<u>/s/ KPMG LLP</u>

KPMG LLP

New York, New York

June 4, 2025

## Ex-24

EXHIBIT 24

**POWER OF ATTORNEY**

KNOW ALL BY THESE PRESENTS, that I, the undersigned, a director of The Travelers Companies, Inc., a Minnesota corporation (the "Company"), do hereby make, nominate and appoint Christine K. Kalla and Wendy C. Skjerven, and each of them, with full powers to act without the other, as my true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign on my behalf a Registration Statement on Form S-8 of The Travelers Companies, Inc. (the "Registration Statement") relating to the registration of common stock of the Company pursuant to The Travelers Companies, Inc. Amended and Restated 2023 Stock Incentive Plan and to make such changes in and additions and amendments to the Registration Statement (including post-effective amendments) and to sign the same on my behalf, and to file the Registration Statement and all amendments to the Registration Statement, with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission and shall have the same force and effect as though I had manually signed such Registration Statement.

---

| | |
|:---|:---|
| /s/ Russell G. Golden | May 21, 2025 |
| Russell G. Golden |  |
| /s/ Thomas B. Leonardi | May 21, 2025 |
| Thomas B. Leonardi |  |
| /s/ Clarence Otis Jr. | May 21, 2025 |
| Clarence Otis Jr. |  |
| /s/ Elizabeth E. Robinson | May 21, 2025 |
| Elizabeth E. Robinson |  |
| /s/ Rafael Santana | May 21, 2025 |
| Rafael Santana |  |
| /s/ Todd C. Schermerhorn | May 21, 2025 |
| Todd C. Schermerhorn |  |
| /s/ Laurie J. Thomsen | May 21, 2025 |
| Laurie J. Thomsen |  |
| /s/ Bridget A. van Kralingen | May 21, 2025 |
| Bridget A. van Kralingen |  |
| <br> /s/ David S. Williams | <br> May 21, 2025 |
| David S. Williams |  |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TRAVELERS COMPANIES, INC.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Common Stock, without par value | Other | 4500000 | $273.65 | $1231425000.00 | 0.0001531 | $188531.17 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $1231425000.00  |  | $188531.17  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $188531.17  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> The amount registered pursuant to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), under this Registration Statement includes an indeterminate number of additional shares of common stock as may be issuable under the above-named plan as a result of a stock dividend, stock split or similar adjustment of the outstanding shares of common stock, without par value, of The Travelers Companies, Inc. As described in the Explanatory Note in this Registration Statement, the 4,500,000 shares represents (i) 2,100,000 shares of Common Stock authorized under The Travelers Companies, Inc. Amended and Restated 2023 Stock Incentive Plan (the "Plan") and (ii) 2,400,000 of shares of Common Stock that may become available for issuance as a result of outstanding awards under the Plan and The Travelers Companies, Inc. Amended and Restated 2014 Stock Incentive Plan that are forfeited, terminated, canceled or expire unexercised. The proposed maximum offering price per unit is estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and Rule 457(h) under the Securities Act of 1933, as amended, based upon the average of the high and low sale prices for The Travelers Companies, Inc. common stock on the New York Stock Exchange on May 29, 2025.