THIRD QUARTER 2 0 2 3 RESULTS LON G - TER M FIN AN CIAL STR ATEG Y Generation of Balanced Meaningful top–tier earnings approach to and sustainable and capital rightsizing capital competitive substantially and growing book advantages in excess of value per share growth needs over time CRE ATE SHA RE HOLDE R VA LUE Objective: Mid–Teens Core ROE Over Time THIRD QUARTER 2023 OVERVIEW Travelers Reports Third Quarter 2023 Net Income of $404 million and Core Income of $454 million Third Quarter 2023 Net Income per ...