V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Insurance

Travelers Companies Executive Compensation (FY25)

TRV · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
295 figures on this page: 286 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Alan Schnitzer was paid $26,968,756 in total compensation as Chairman and Chief Executive Officer for fiscal 2025, and Schnitzer's total was 17.0% higher than the $23,059,498 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 204:1, against median employee compensation of $132,067. For fiscal 2025, shareholders backed the say-on-pay proposal with 92.6% of votes cast including abstentions in favor at the meeting held May 20, 2026. The disclosed peer group includes Aflac, Allstate Corporation, American Express, American International Group Inc. and Bank of New York Mellon, among others.
Chief executive, fiscal 2025
◇
Alan Schnitzer
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Alan Schnitzer: $23,059,498 → $26,968,756 (17.0% higher)
CEO pay ratio: 191:1 → 204:1 (6.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Travelers Companies' chief executive and what were they paid?
Alan Schnitzer was paid $26,968,756 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Schnitzer's total was 17.0% higher than the $23,059,498 reported for fiscal 2024.
What was Travelers Companies' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.6% of votes cast including abstentions in favor at the meeting held May 20, 2026.
Which companies are in Travelers Companies' peer group?
The disclosed peer group includes Aflac, Allstate Corporation, American Express, American International Group Inc. and Bank of New York Mellon, among others.
What is Travelers Companies' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 204:1, against median employee compensation of $132,067.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Schnitzer
Chairman and Chief Executive Officer
◇◇◇————◇
Gregory Toczydlowski
Executive Vice President and President, Business Insurance
◇◇◇————◇
Avrohom Kess
Vice Chairman and Chief Legal Officer
◇◇◇————◇
Michael Klein
Executive Vice President and President, Personal Insurance
◇◇◇————◇
Daniel Frey
Executive Vice President and Chief Financial Officer
◇◇◇————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Schnitzer
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Gregory Toczydlowski
Executive Vice President and President, Business Insurance
◇—◇◇◇◇◇◇
Avrohom Kess
Vice Chairman and Chief Legal Officer
◇—◇◇◇◇◇◇
Michael Klein
Executive Vice President and President, Personal Insurance
◇—◇◇◇◇◇◇
Daniel Frey
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Schnitzer
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Gregory Toczydlowski
Executive Vice President and President, Business Insurance
◇—◇◇◇◇◇◇
Avrohom Kess
Vice Chairman and Chief Legal Officer
◇—◇◇◇◇◇◇
Michael Klein
Executive Vice President and President, Personal Insurance
◇—◇◇◇◇◇◇
Daniel Frey
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alan Schnitzer
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Gregory Toczydlowski
Executive Vice President and President, Business Insurance
◇—◇◇◇◇◇◇
Avrohom Kess
Vice Chairman and Chief Legal Officer
◇—◇◇◇◇◇◇
Michael Klein
Executive Vice President and President, Personal Insurance
◇—◇◇◇◇◇◇
Daniel Frey
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alan SchnitzerPSU◇◇◇—◇—◇
Alan SchnitzerOPTION◇——◇—◇◇
Avrohom KessOPTION◇——◇—◇◇
Avrohom KessPSU◇◇◇—◇—◇
Daniel FreyOPTION◇——◇—◇◇
Daniel FreyPSU◇◇◇—◇—◇
Gregory ToczydlowskiOPTION◇——◇—◇◇
Gregory ToczydlowskiPSU◇◇◇—◇—◇
Michael KleinOPTION◇——◇—◇◇
Michael KleinPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gregory ToczydlowskiPSU◇◇——
Option◇—◇2/6/2034
Option◇—◇2/7/2033
PSU◇◇——
Option◇—◇2/4/2035
Alan SchnitzerPSU◇◇——
Option◇—◇2/4/2035
Option◇—◇2/7/2033
Option◇—◇2/6/2034
PSU◇◇——
Michael KleinOption◇—◇2/6/2034
PSU◇◇——
Option◇—◇2/7/2033
PSU◇◇——
Option◇—◇2/4/2035
Avrohom KessOption◇—◇2/4/2035
Option◇—◇2/6/2034
PSU◇◇——
PSU◇◇——
Option◇—◇2/7/2033
Daniel FreyOption◇—◇2/7/2033
Option◇—◇2/6/2034
PSU◇◇——
Option◇—◇2/4/2035
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Todd C. Schermerhorn
Lead independent director
◇◇————◇
Clarence Otis Jr
◇◇————◇
Elizabeth E. Robinson
◇◇————◇
Thomas B. Leonardi
◇◇————◇
Russell G. Golden
◇◇————◇
Rafael Santana
◇◇————◇
David S. Williams
◇◇————◇
Laurie J. Thomsen
◇◇————◇
Bridget van Kralingen
◇◇————◇
William J. Kane
◇—————◇
Alan D. Schnitzer served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Deferred Stock Units.
Stock ownership guideline: 4x most recent annual deferred stock award

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aflac AFL
  • Allstate Corporation ALL
  • American Express AXP
  • American International Group Inc. AIG
  • Bank of New York Mellon BNY
  • Chubb Ltd. CB
  • Hartford Financial Services Group HIG
  • Humana HUM
  • Lincoln National LNC
  • Marsh & McLennan MRSH
  • MetLife Inc. MET
  • Progressive Corporation PGR
  • Prudential Financial Inc. PRU

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Travelers Companies files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Travelers Companies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Travelers Companies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Travelers Companies' disclosed peer group is defensible, who names Travelers Companies back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
295 figures on this page: 286 cited to the filing that reported them, 9 calculated from figures it prints.
286 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001104659-26-065727
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000086312-26-000103
    CEO Pay Ratio · Director Compensation for · Grants of Plan-Based Awards in · Non-Employee Director Compensation · and 2 more sections
  3. 0001104659-25-052445
  4. 0000086312-25-000019
    Summary Compensation Table
  5. 0001104659-24-063014
  6. 0000086312-24-000023
    Summary Compensation Table
  7. 0001104659-23-064998
  8. 0000086312-23-000025
    Summary Compensation Table
  9. 0001104659-22-065939
  10. 0001104659-21-071827
  11. 0001104659-20-065902
  12. 0001104659-19-031824
  13. 0001104659-18-036536
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Travelers Companies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TRV (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Travelers Companies and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Travelers Companies discloses

The companies named in TRV's own disclosed peer group.

AflacAllstate CorporationAmerican ExpressAmerican International Group Inc.Bank of New York MellonChubb Ltd.Hartford Financial Services GroupLincoln NationalMarsh & McLennanMetLife Inc.Progressive CorporationPrudential Financial Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy