HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced it provided more than $25 million in community support during 2018. Details were published in the company’s annual Community Report. Funds were distributed to programs and organizations that focus on improving academic and career success for underrepresented students, creating and maintaining thriving neighborhoods and enriching lives through arts and culture.
Through corporate giving and the Travelers Foundation, the company has provided more than $218 million toward community initiatives over the past decade.
“The sustainability of our business is tied in part to the success of the neighborhoods we call home, and we have a strong commitment to taking care of those communities,” said Marlene Ibsen, Vice President of Community Relations at Travelers and CEO and President of the Travelers Foundation. “That commitment runs through not only our giving programs but also our employees, who, over the course of just last year, dedicated about 120,000 hours of their time volunteering for important causes.”
Highlights of Travelers’ 2018 community support include:
- More than $6.5 million went toward nearly 100 organizations to support educational initiatives.
- Through the company’s signature education program, Travelers EDGE®: Empowering Dreams for Graduation and Employment, 91 students received a direct scholarship or stipend to help them work toward a bachelor’s degree.
- More than 560 women, minority and veteran small business representatives participated in free educational workshops about business continuity and risk management through the company’s Small Business Risk Education program.
- More than $1.7 million in funding went to organizations that work to create culturally enriched communities through the arts.
To view the full report and learn more about Travelers’ community involvement, please visit travelers.com/community.
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $30 billion in 2018. For more information, visit www.travelers.com.