Brief: Travelers To Sell Its Canadian Personal Insurance Business And Majority Of Its Canadian Commercial Insurance Business To Definity For Us$2.4 Billion

Definity Financial

27/05/2025 21:17

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

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 - TO SELL CANADIAN INSURANCE BUSINESS TO DEFINITY FOR $2.4 BILLION

TRAVELERS COMPANIES INC - TO RETAIN CANADIAN SURETY BUSINESS

TRAVELERS COMPANIES INC - DEAL EXPECTED TO BE SLIGHTLY ACCRETIVE TO EPS

TRAVELERS COMPANIES - TO USE $0.7 BILLION OF CASH PROCEEDS OF DEAL FOR ADDITIONAL SHARE REPURCHASES IN 2026

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