---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-053000"
form_type: "8-K"
ticker: "TRV"
cik: "0000086312"
company_name: "TRAVELERS COMPANIES, INC."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T12:18:54.320433+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Travelers sells Canadian P&C business to Definity for $2.4B; retains surety

## Summary
- Purchase price ~US$2.4B, representing 1.8x book value after adjusting for ~$0.8B excess local capital repatriated.
- Transaction expected to close Q1 2026, subject to regulatory approvals and customary closing conditions.
- Travelers retains its premier Canadian surety business, largest surety writer in North America.
- Plans ~$0.7B of net proceeds for additional share repurchases in 2026; deal expected slightly accretive to EPS.
- Jefferies LLC and Skadden advised Travelers; Definity Financial Corporation (TSX: DFY) is the acquirer.

## SEC filing metadata
- accession: 0001104659-25-053000
- form_type: 8-K
- ticker: TRV
- cik: 0000086312
- company_name: TRAVELERS COMPANIES, INC.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/86312/000110465925053000/0001104659-25-053000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/86312/000110465925053000/tm2515885d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-053000
- JSON: https://secwatch.observer/filing/0001104659-25-053000.json
- Plain text: https://secwatch.observer/filing/0001104659-25-053000.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.