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4-Traders Homepage  >  Equities  >  Nyse  >  The Travelers Companies    TRV

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The Travelers Companies, Inc. : New Small Business Risk Education Program Empowers Women and Minority Entrepreneurs to Pursue the American Opportunity

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02/04/2013 | 03:13pm CET
New Small Business Risk Education Program Empowers Women and Minority Entrepreneurs to Pursue the American Opportunity

Local small business owners will be honored tonight at celebration with keynote speaker Vivica A. Fox

LOS ANGELES, February 1, 2013 - "Game changing." That's how entrepreneur Jacqueline Sharp describes the impact of the Small Business Risk Education (SBRE) program on her Los Angeles-based business, Fort, which makes furniture from recycled and reclaimed materials, as well as curated vintage pieces. Along with Sharp, more than 60 Los Angeles area small business owners will celebrate completion of the SBRE program tonight at a gathering with keynote speaker and small business advocate Vivica A. Fox.

Designed by the Travelers Companies, Inc. (NYSE: TRV), one of the nation's largest insurers of small businesses, and Valley Economic Development Center (VEDC), the largest non-profit small business lender in California, SBRE leverages the unique expertise of both organizations and provides insurance literacy and risk management training to women and minority entrepreneurs.

"The Small Business Risk Education program taught me about risks I had never even considered," said Sharp, an ambitious small business owner who launched Fort in 2011. " Through training with a Travelers safety professional, I developed a clear sense of potential issues that could impact my ability to staff, grow and manage my company. I now have a risk management plan to prepare for unexpected interruptions and can focus my time on building my business."

Empowering Women and Minorities for Small Business Success

Through the training, made possible by a $150,000 grant from Travelers, SBRE provided participants, 77 percent of whom are women, and 70 percent minorities, with:

· Increased awareness of safety risks associated with small business ownership;

· Training and education focused on risk management and business continuity planning; and

· Microloans to support capital investments related to risk management, sustainability and growth for those who qualify.

"Travelers understands the crucial role small businesses play in our local communities and in sustaining economic vitality," said Tara N. Spain, Director of Community Relations for Travelers. "Through our partnership with VEDC, Travelers aims to provide the skills and resources to establish, grow and maintain the successful small businesses that fuel the American Opportunity."

Roberto Barragan, President & CEO of VEDC, said: "Our mission is to create and sustain jobs in our communities through high-quality economic development services, so the SBRE program

is a natural fit for us. By leveraging Travelers' risk control expertise, we've been able to provide some of our region's job creators and innovators with tools that will contribute to a strong local economy and a better quality of life."

Travelers and Small Business Advocacy

The Travelers SBRE program is just one of the many ways in which the company advocates for small business owners. The company leverages organizational support and deep knowledge and understanding of risk control, claim response, and underwriting to develop customized initiatives to help protect entrepreneurs. Through the Travelers Institute, Travelers is also committed to working toward public policy solutions for small business owners.

The SBRE program began in Los Angeles in early 2012 and Travelers plans to launch the program in Chicago in 2013.

About Travelers

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 more than 30,000 employees and generated revenues of approximately $25 billion in 2011. The company provides support for charitable organizations in the community through the Travelers Foundation and with corporate funding. The company's community giving is focused on education, community development and the arts. Travelers employees are consistently active in community initiatives and perform thousands of hours in volunteer time each year. For more information, visit www.travelers.com.

About VEDC

VEDCis the largest non-profit small business lender in California offering direct micro and small business loans through programs including SBA Community Advantage and SBA 504 loans.   As a national small business lender, VEDC lends $25 million annually, while providing direct business assistance services to more than 4,000 businesses. With seven offices nationwide VEDC has supported the small business owner for 36 years with the goal of creating and sustaining jobs and businesses in under-served communities.www.vedc.org.

Media Contacts

Ashley Maagero



[email protected]

Lisa Winkle



[email protected]

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Financials ($)
Sales 2017 26 063 M
EBIT 2017 2 451 M
Net income 2017 2 074 M
Debt 2017 -
Yield 2017 2,18%
P/E ratio 2017 17,47
P/E ratio 2018 13,58
Capi. / Sales 2017 1,36x
Capi. / Sales 2018 1,32x
Capitalization 35 559 M
Duration : Period :
The Travelers Companies Technical Analysis Chart | TRV | US89417E1091 | 4-Traders
Technical analysis trends THE TRAVELERS COMPANIES
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 21
Average target price 133 $
Spread / Average Target 2,5%
EPS Revisions
Alan D. Schnitzer Chairman & Chief Executive Officer
Brian William MacLean President & Chief Operating Officer
Jay S. Benet Vice Chairman & Chief Financial Officer
Madelyn Lankton Chief Information Officer-Enterprise Operations
Kenneth M. Duberstein Independent Director
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