EXHIBIT 99

[ST. PAUL TRAVELERS LOGO]


News Release

              St. Paul Travelers Issues Statement Regarding Planned
                    Disposition of Nuveen Investments, Inc.

SAINT PAUL, MINN - March 30, 2005 - The St. Paul Travelers Companies, Inc. (St.
Paul Travelers, NYSE: STA), announced today that its planned disposition of its
ownership interest in Nuveen Investments, Inc. ("Nuveen") will result in St.
Paul Travelers reporting its asset management segment as a discontinued
operation in the company's financial statements during the first quarter of
2005. As a result, for all periods presented, earnings from Nuveen will no
longer be included as a component of St. Paul Travelers' income from continuing
operations but will be included in income from discontinued operations in the
company's income statement.

In addition, St. Paul Travelers will recognize a tax charge of approximately
$690 million as part of income from discontinued operations in the first quarter
2005, reflecting the difference between the tax basis and the GAAP carrying
value of its investment in Nuveen. Based on recent prices for Nuveen's stock,
the company expects to record gains in income from discontinued operations in
subsequent quarters upon the completion of the secondary offering and the
settlement of the forward sales contracts, which were previously announced in
St. Paul Travelers' March 25, 2005 press release. These gains would partially
offset the $690 million first quarter 2005 tax charge in subsequent periods.
Also, until they are settled, the forward sales contracts will be marked to
market and any resulting gains or losses will be reflected as part of income
from discontinued operations. The actual tax payment arising from the
transactions will be largely offset by the utilization of the company's net
operating loss carryforward.

The company expects that the disposition of its investment in Nuveen will
appreciably increase its financial flexibility and liquidity, have an immaterial
impact on its income from continuing operations and result in a modest decline
in




shareholders' equity. Additionally, goodwill and other intangibles will be
substantially reduced and, as a result, tangible equity will increase
significantly.

St. Paul Travelers is a leading provider of property casualty insurance. For
more information, visit www.stpaultravelers.com.

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Forward-Looking Statements

All statements in this press release other than statements of historical facts
may be "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual results of matters addressed in these
forward-looking statements involve risks and uncertainties and may differ
substantially from those expressed or implied. For a discussion of factors that
could cause actual results to differ, please see the comments under the heading
'Forward-Looking Statements' in the Company's most recent annual report on Form
10-K filed with the Securities and Exchange Commission.

Contacts
Media:
Shane Boyd, 651.310.3846
Joan Palm, 651.310.2685
Marlene Ibsen, 860.277.9039

Institutional Investors:
Maria Olivo, 860.277.8330
David Punda, 212.588.8417

Individual Investors:
Marc Parr, 860.277.0779