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BRIEF-Travelers To Sell Its Canadian Personal Insurance Business And Majority Of Its Canadian Commercial Insurance Business To Definity For Us$2.4 Billion
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BRIEF-Travelers To Sell Its Canadian Personal Insurance Business And Majority Of Its Canadian Commercial Insurance Business To Definity For Us$2.4 Billion
May 27, 2025 1:38 PM

May 27 (Reuters) - Travelers Companies Inc ( TRV ):

* TRAVELERS TO SELL ITS CANADIAN PERSONAL INSURANCE BUSINESS

AND

MAJORITY OF ITS CANADIAN COMMERCIAL INSURANCE BUSINESS TO

DEFINITY FOR US$2.4 BILLION

* TRAVELERS COMPANIES INC ( TRV ) - TO SELL CANADIAN INSURANCE

BUSINESS TO

DEFINITY FOR $2.4 BILLION

* TRAVELERS COMPANIES INC ( TRV ) - TO RETAIN CANADIAN SURETY

BUSINESS

* TRAVELERS COMPANIES INC ( TRV ) - DEAL EXPECTED TO BE SLIGHTLY

ACCRETIVE

TO EPS

* TRAVELERS COMPANIES ( TRV ) - TO USE $0.7 BILLION OF CASH PROCEEDS

OF

DEAL FOR ADDITIONAL SHARE REPURCHASES IN 2026

Source text:

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