The Traveler Companies is one of the leading
insurance companies within the United States as well as internationally. To be
more precise, The Traveler Companies is the second and third largest writer of
U.S. commercial property casualty insurance and the third largest writer of
U.S. personal insurance through independent agents. The company was founded in
1864 and has been one of the most organized and well reputed firms since its
inception. There are many advantages to individuals who are or plans to be
associated and affiliated with Travelers Companies. The company was also
involved in one of the most historic acquisitions with Citicorp in 1998 which
resulted in Citigroup.
There is no doubt about the fact that the company
has an immense market value and reputation and it holds a solidified market
position as well. Specifically, the company offer great deals in various
sectors such as business, finance, investment etc. it has top notch ranking
among US personal insurance and commercial property casualty. Apart from the
Citigroup, the company has gone through other important mergers as well in a
short period of time. But whatsoever, the company has stood out to become the
first in various investment sectors such as the automobile policy, space travel
policy, commercial airline policy etc.
The acquisition with Citicorp is still considered as
the best move for the company as it opened gates to further major acquisitions
with banks and companies. However, the share prices of Class A shares have
declined after the merger. After the acquisition completed its first year, IPO
reported that Citigroup had 5 million Class B shares in its inventory that
received seven votes each. Furthermore, Class A shares were 269 million
receiving one vote each. Hence, this totaled 94% of total voting power carried out
by TPC voting security and 77% of the equity interest. It is said that TPC and
IPO together offered 4.5% of adjustable notes.
In a nutshell, The Traveler Companies stock has
gone through many changes experiencing a major shift in less time. This has
further resulted in less growth and loss of shares, market values, and assets
as well.
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