# EDGAR Filing Document

**Accession Number:** 0000086312
**File Stem:** 0001104659-25-108501
**Filing Date:** 2025-11
**Character Count:** 24453
**Document Hash:** 5a0824621f1ef570e422dff9739cf19c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-108501.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0001104659-25-108501

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**EFFECTIVENESS DATE**: 20251107

**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:** 333-291372
- **FILM NUMBER:** 251462904

**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 November 7, 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 DEFERRED COMPENSATION PLAN**

(Full title of the plan)

**Christine K. Kalla<br> Executive Vice President, 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**

This Registration Statement on Form S-8 is being filed for the purpose of registering an additional $90,000,000 of deferred compensation obligations to be issued by The Travelers Companies, Inc. (the "Company") pursuant to The Travelers Deferred Compensation Plan, as amended and restated, effective January 1, 2009, and as further amended, effective January 1, 2010 (the "Plan"). In accordance with Section E of the General Instructions to Form S-8, the Registration Statements on Form S-8 previously filed with the Securities and Exchange Commission relating to the Plan (Registration Statement Nos. [333-120998](https://www.sec.gov/Archives/edgar/data/86312/000110465904038375/a04-14365_1s8.htm), [333-157091](https://www.sec.gov/Archives/edgar/data/86312/000110465909006272/a09-4147_1s8.htm) and [333-234648](https://www.sec.gov/Archives/edgar/data/86312/000119312519290020/d770540ds8.htm)), including the information contained therein, are incorporated by reference herein.

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

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

The following documents filed with the Securities and Exchange Commission (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/ix?doc=/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 quarterly report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the SEC on July 17, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000008631225000047/trv-20250630.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(5) [The Company's quarterly report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on October 16, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000008631225000069/trv-20250930.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(6) [The Company's current report on Form 8-K filed with the SEC on May 23, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000110465925052445/tm2515885d1_8k.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(7) [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) and

&nbsp;&nbsp;&nbsp;&nbsp;(8) [The Company's current report on Form 8-K filed with the SEC on July 24, 2025.](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000086312/000119312525164420/d88131d8k.htm)

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 4. Description of Securities**

The Plan permits certain eligible employees of the Company and its subsidiaries to annually defer between 1% and 50% of their annual base salary and between 1% and 100% of their annual incentive award and have the amounts deferred credited to his or her deferred compensation account. Each participant must allocate amounts credited to his or her deferred compensation account among various investment funds approved by the plan administrator, which may include a Company stock fund. The plan administrator is the Company, with action to be taken on behalf of the Company by a committee comprised of members of management appointed by the Company's chief executive officer. The balance in each participant's deferred compensation account is adjusted to reflect the investment experience (income, gains, losses and distributions) of the selected investment funds, as if amounts credited to the account had actually been invested in the investment funds. Participants will have no ownership interest in any investment fund.

The obligations of the Company under the Plan (the "Deferred Compensation Obligations") are unsecured general obligations to pay in the future the balance of vested deferred compensation accounts, the values of which have been adjusted to reflect the performance of the selected investment funds in accordance with the terms of the Plan. The Deferred Compensation Obligations will rank without preference with other unsecured and unsubordinated indebtedness of the Company outstanding from time to time, and are therefore subject to the risks of the Company's insolvency. Deferred Compensation Obligations cannot be transferred in any way by a participant except by a designation of a beneficiary or to the participant's estate. The Deferred Compensation Obligations are not convertible into any security of the Company.

The Deferred Compensation Obligations generally become payable to a participant upon the earliest to occur of (i) the participant's separation from service (as defined in the Plan), (ii) the participant's retirement (as defined in the Plan) or (iii) if so elected, a month and year specified by the participant in his or her deferral election form. Amounts payable upon separation from service or retirement are paid six months after the last day of the month that includes the separation from service or retirement. Amounts payable on account of death or at a specified month and year are paid as soon as practicable after such dates. Deferred Compensation Obligations payable may be paid in a lump sum or in substantially equal annual installments over a period of up to ten years. If a participant dies, the Deferred Compensation Obligations will be paid to the participant's beneficiary or estate in a lump sum; however, if the participant has already started to receive installment payments, the installment payments will continue in accordance with the original schedule. No acceleration or further deferral of the Deferred Compensation Obligations is permitted under the Plan.

The Company may maintain one or more trusts to hold assets to be used for payment under the Plan. Any assets held by the trust are subject to the claims of general creditors. The Company may amend or terminate the Plan at any time. No amendment or termination may reduce or eliminate a participant's accrued account balance.

**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 is eligible to participate in the Plan.

**Item 8. Exhibits**

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

---

| | |
|:---|:---|
| **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/86312/000110465909006272/a09-4147_1ex99d1.htm) | [The Travelers Deferred Compensation Plan, as amended and restated, effective January 1, 2009 (incorporated by reference to Exhibit 99.1 to the Company's Registration Statement on Form S-8 filed on February 4, 2009 (Registration No. 333-157091)).](https://www.sec.gov/Archives/edgar/data/86312/000110465909006272/a09-4147_1ex99d1.htm) |
| [4.4](https://www.sec.gov/Archives/edgar/data/86312/000104746910000972/a2196528zex-10_37.htm) | [First Amendment to The Travelers Deferred Compensation Plan, as amended and restated, effective January 1, 2010 (incorporated by reference to Exhibit 10.37 to the Company's annual report on Form 10-K for the fiscal year ended December 31, 2009).](https://www.sec.gov/Archives/edgar/data/86312/000104746910000972/a2196528zex-10_37.htm) |
| [5](tm2529851d1_ex5.htm) | [Opinion of Wendy C. Skjerven, Esq.](tm2529851d1_ex5.htm) |
| [23.1](tm2529851d1_ex5.htm) | [Consent of Wendy C. Skjerven, Esq. (included in Exhibit 5).](tm2529851d1_ex5.htm) |
| [23.2](tm2529851d1_ex23-2.htm) | [Consent of KPMG LLP.](tm2529851d1_ex23-2.htm) |
| [24](tm2529851d1_ex24.htm) | [Power of Attorney.](tm2529851d1_ex24.htm) |
| [107](tm2529851d1_ex-filingfees.htm) | [Filing Fee Table.](tm2529851d1_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 November 7, 2025.

---

| | |
|:---|:---|
| THE TRAVELERS COMPANIES, INC. | THE TRAVELERS COMPANIES, INC. |
| (Registrant) | (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: November 7, 2025 | /s/ Alan D. Schnitzer |
|  | Alan D. Schnitzer, Director, Chairman and Chief Executive Officer<br> (Principal Executive Officer) |
| Date: November 7, 2025 | /s/ Daniel S. Frey |
|  | Daniel S. Frey, Executive Vice President and Chief Financial Officer<br> (Principal Financial Officer) |
| Date: November 7, 2025 | /s/ Paul E. Munson |
|  | Paul E. Munson, Senior Vice President and Corporate Controller<br> (Principal Accounting Officer) |

---

Russell G. Golden, Director\*

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: November 7, 2025 |

---

## Ex-5

**EXHIBIT 5**

November 7, 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 Travelers Deferred Compensation Plan, as amended and restated, effective January 1, 2009, and as further amended, effective January 1, 2010 (the "Plan"), and the issuance under the Plan of deferred compensation obligations (the "Obligations"), which represent the obligation of the Company to pay deferred compensation and other amounts credited to accounts established under the Plan in the future in accordance with the Plan. I have examined the Company's Amended and Restated Articles of Incorporation, its Amended and Restated Bylaws, the Plan, and such other documents, and have reviewed 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. All necessary corporate action has been taken by the Company to adopt the Plan, and the Plan is a validly existing plan of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. When issued by the Company in the manner provided in the Plan, the Obligations will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, subject as to enforcement to (i) bankruptcy, insolvency, reorganization, arrangement or other laws of general applicability relating to or affecting creditors' rights, and (ii) general principles of equity, whether such enforcement is considered in a proceeding in equity or at law.

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, |
| /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.

/s/ KPMG LLP

New York, New York

November 7, 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 deferred compensation obligations of the Company pursuant to The Travelers Deferred Compensation Plan, as amended and restated, 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.

Date: November 5, 2025

---

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

---

## 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.**  |

---

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | &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; **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 | Other | Deferred Compensation Obligations | Other | 90000000 | $90000000.00 | 0.0001381 | $12429.00 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $90000000.00  |  | $12429.00  |
| 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:  |  |  | $12429.00  |

---

&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 obligations under The Travelers Companies, Inc. Deferred Compensation Plan are unsecured obligations of The Travelers Companies, Inc. Estimated pursuant to Rule 457(h) under the Securities Act of 1933, as amended, solely for the purpose of calculating the registration fee.

---

| | |
|:---|:---|
| | |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

---