Travelers shares preliminary loss estimate for California wildfires

Travelers announced a preliminary estimate of catastrophe losses related to the January 2025 California wildfires.

The company’s preliminary estimate of catastrophe losses relating to the January 2025 California wildfires is $1.7 billion pre-tax ($1.3 billion after-tax). The preliminary estimate includes losses from the company’s personal and commercial segments, including the company’s Fidelis quota share, as well as estimated assessments from the California FAIR Plan and recoveries from reinsurance.

“In moments like these, actions speak louder than words. As a company deeply embedded in the communities we serve, we are on the ground providing critical resources and support that our customers and neighbors need to recover and rebuild. We also extend our heartfelt appreciation to the first responders and relief organizations working tirelessly to aid those impacted by this tragedy, as well as to our claim professionals, who consistently go above and beyond to uphold the Travelers Promise to our customers and distribution partners.” – Alan Schnitzer, Chairman and Chief Executive Officer.