XML 102 R91.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share-Based Incentive Compensation (details) (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended 0 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Feb. 03, 2015
May 31, 2014
Summary of stock option activity          
Stock options outstanding, beginning of year, number (in shares) 11,071,256us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber        
Granted (in shares) 2,010,043us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross        
Stock options exercised, number (in shares) (2,845,405)us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised        
Stock options forfeited or expired, number (in shares) (211,034)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod        
Stock options outstanding, end of year, number (in shares) 10,024,860us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber        
Stock options outstanding, beginning of year, weighted average exercise price (per share) $ 56.68us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice        
Stock options granted, weighted average exercise price (per share) $ 80.36us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice        
Stock options exercised, weighted average exercise price (per share) $ 49.70us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice        
Stock options forfeited or expired, weighted average exercise price (per share) $ 72.32us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice        
Stock options outstanding, end of year, weighted average exercise price (per share) $ 63.08us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice        
Stock options outstanding, weighted average contractual life remaining 6 years 6 months        
Stock options outstanding, aggregate intrinsic value $ 429us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue        
Stock options vested at end of year, number (in shares) 7,159,841trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingNumber        
Stock options vested at end of year, weighted average exercise price (per share) $ 59.44trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingWeightedAverageExercisePrice        
Stock options vested at end of year, weighted average contractual life remaining 5 years 10 months 24 days        
Stock options vested at end of year, aggregate intrinsic value 332trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingAggregateIntrinsicValue        
Stock options exercisable at end of year, number (in shares) 4,232,855us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber        
Stock options exercisable at end of year, weighted average exercise price (per share) $ 50.65us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice        
Stock options exercisable at end of year, weighted average contractual life remaining 4 years 4 months 24 days        
Stock options exercisable at end of year, aggregate intrinsic value 234us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1        
Original stock option grants [Member]          
Assumptions used in estimating fair value of options          
Expected term of stock options 6 years 6 years 6 years    
Weighted average volatility (percent) 27.50%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
28.80%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
28.60%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
   
Expected annual dividend per share   $ 1.84trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
     
Summary of stock option activity          
Stock options granted, weighted average grant-date fair value of options granted (per share) $ 17.22us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
$ 17.09us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
$ 12.08us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
   
Total intrinsic value of options exercised during the year 117us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
122us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
102us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
   
Original stock option grants [Member] | Minimum [Member]          
Assumptions used in estimating fair value of options          
Expected volatility of the Company's stock (percent) 27.20%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
28.70%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
28.50%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Expected annual dividend per share $ 2.00trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
  $ 1.64trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Risk-free rate 1.81%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
1.11%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
1.02%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Original stock option grants [Member] | Maxiumum [Member]          
Assumptions used in estimating fair value of options          
Expected volatility of the Company's stock (percent) 27.50%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
28.80%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
28.60%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
Expected annual dividend per share $ 2.20trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
  $ 1.84trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
Risk-free rate 1.82%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
1.14%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
1.17%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
Reload grants [Member]          
Share-based compensation plan description          
Options eligble for reload (in shares)     0trv_OptionsEligibleForReload
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
   
Assumptions used in estimating fair value of options          
Expected term of stock options     1 year    
Weighted average volatility (percent)     23.40%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
   
Summary of stock option activity          
Stock options granted, weighted average grant-date fair value of options granted (per share)     $ 4.49us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
   
Total intrinsic value of options exercised during the year     $ 5us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
   
Reload grants [Member] | Minimum [Member]          
Share-based compensation plan description          
Vesting period 6 months        
Restriction period on sale of shares received upon exercise 1 year        
Discount applied to the fair value of reload options to reflect sales restrictions, as measured by the estimated cost of protecting against changes in market value 5.00%trv_DiscountAppliedToFairValueOfReloadOptionsToReflectSalesRestrictions
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
       
Assumptions used in estimating fair value of options          
Expected volatility of the Company's stock (percent)     22.90%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Expected annual dividend per share     $ 1.64trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Risk-free rate     0.10%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Reload grants [Member] | Maxiumum [Member]          
Share-based compensation plan description          
Vesting period 1 year        
Restriction period on sale of shares received upon exercise 2 years        
Discount applied to the fair value of reload options to reflect sales restrictions, as measured by the estimated cost of protecting against changes in market value 10.00%trv_DiscountAppliedToFairValueOfReloadOptionsToReflectSalesRestrictions
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
       
Assumptions used in estimating fair value of options          
Expected volatility of the Company's stock (percent)     23.50%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
Expected annual dividend per share     $ 1.84trv_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPaymentPerShare
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
Risk-free rate     0.17%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
/ us-gaap_AwardTypeAxis
= trv_ReloadGrantsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
The Travelers Companies, Inc 2014 Stock Incentive Plan [Member]          
Share-based compensation plan description          
Number of shares of the Company's common stock authorized for grant under the 2014 Incentive Plan         10,000,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
/ us-gaap_PlanNameAxis
= trv_TheTravelersCompaniesInc2014StockIncentivePlanMember
The Travelers Companies, Inc 2014 Stock Incentive Plan [Member] | Original stock option grants [Member]          
Share-based compensation plan description          
Option term 10 years        
Vesting period 3 years        
Summary of stock option activity          
Granted (in shares)       2,244,464us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_PlanNameAxis
= trv_TheTravelersCompaniesInc2014StockIncentivePlanMember
 
Stock options granted, weighted average exercise price (per share)       $ 106.04us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_PlanNameAxis
= trv_TheTravelersCompaniesInc2014StockIncentivePlanMember
 
Stock options granted, weighted average grant-date fair value of options granted (per share)       $ 15.78us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_PlanNameAxis
= trv_TheTravelersCompaniesInc2014StockIncentivePlanMember
 
The Travelers Companies, Inc 2014 Stock Incentive Plan [Member] | Director deferred stock awards [Member]          
Share-based compensation plan description          
Number of days prior to date of annual meeting in which annual deferred stock awards vest in full 1 day        
Number of months after termination of service as a director before distributions of deferreed stock awards begin 6 months