Travelers 2004 Annual Report Download - page 9

Corporate Profile
St. Paul Travelers is headquartered in Saint Paul, Minn.,
with significant operations in Hartford, Conn., and many
U.S. cities. The company also has offices in the U.K.,
Ireland and Canada. The company offers insurance to a
wide variety of businesses and organizations, as well as
individuals, through independent insurance agents and
brokers. The company also holds a 79 percent majority
interest in Nuveen Investments, Inc. St. Paul Travelers
reported 2004 revenues of $23 billion and total assets
of $112 billion.
St. Paul Travelers is organized into the following
major businesses:
Commercial
Commercial offers a broad array of property and casualty
insurance and insurance-related services to its clients,
which range from small “main street” businesses to
Fortune 100 corporations. Commercial is organized into
marketing and underwriting groups with a specialized
focus on a particular market or product. These groups
include Select Accounts, which markets packaged
property and casualty coverages to small- to mid-sized
businesses; Commercial Accounts, which markets
tailored insurance products and services to mid-sized
businesses; and National Accounts, which markets
insurance and risk management services to large
companies and also provides claims administration
for state-mandated workers’ compensation pools. In
addition, specialized units are dedicated to underwriting
large property schedules and coverages marketed to
national associations, and to serving the needs of the
inland marine, agriculture, commercial trucking, and
boiler and machinery markets.
Specialty
Specialty includes a number of marketing groups that
meet the needs of markets requiring dedicated expertise
or specialized coverages. Business units focus on
providing surety, executive liability, crime, catastrophe risk,
and umbrella and excess liability products to businesses
and non-profit entities of all types and sizes. Other units
focus on meeting the coverage needs of industries
including construction, financial and professional services,
technology, ocean marine, and oil and gas, and the public
sector market. This business also includes our specialty
international operations in the U.K., Ireland and Canada
and our operations at Lloyd’s.
Personal
Personal offers a broad array of property and casualty
insurance products to individual customers under the
Travelers and four subsidiary company brands. Personal
products include automobile, homeowners and other
personal coverages including tenant, condominium, boat,
yacht, umbrella and valuable items coverage. Personal
products are distributed primarily through a network of
more than 7,500 independent agents, as well as through
sponsoring organizations such as employee and affinity
groups and joint marketing arrangements.
Nuveen Investments
St. Paul Travelers holds a 79 percent majority interest
in Nuveen Investments, which provides high-quality
investment services that contribute to building well-
diversified, core investment portfolios. Nuveen serves
financial advisors and their high-net-worth clients, as
well as a growing number of institutional clients. Nuveen
Investments is listed on The New York Stock Exchange
and trades under the symbol “JNC.”
For more information about St. Paul Travelers and its
products and services, visit the company’s Web site,
www.stpaultravelers.com.
St. Paul Travelers at a Glance
St. Paul Travelers 2004 Annual Report 7
St. Paul Travelers offers a wide variety of insurance and
surety products, as well as risk management services,
to numerous businesses, organizations and individuals.
Our products are distributed primarily through U.S.
independent insurance agents and brokers.