XML 118 R94.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Incentive Compensation (details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Feb. 02, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
May. 31, 2014
Summary of stock option activity          
Stock options outstanding, beginning of year, number (in shares)   10,024,860      
Granted (in shares)   2,244,464      
Stock options exercised, number (in shares)   (2,310,548)      
Stock options forfeited or expired, number (in shares)   (94,521)      
Stock options outstanding, end of year, number (in shares)   9,864,255 10,024,860    
Stock options outstanding, beginning of year, weighted average exercise price (per share)   $ 63.08      
Stock options granted, weighted average exercise price (per share)   106.04      
Stock options exercised, weighted average exercise price (per share)   55.16      
Stock options forfeited or expired, weighted average exercise price (per share)   87.17      
Stock options outstanding, end of year, weighted average exercise price (per share)   $ 74.48 $ 63.08    
Stock options outstanding, weighted average contractual life remaining   6 years 7 months 6 days      
Stock options outstanding, aggregate intrinsic value   $ 379      
Stock options vested at end of year, number (in shares)   7,226,516      
Stock options vested at end of year, weighted average exercise price (per share)   $ 68.80      
Stock options vested at end of year, weighted average contractual life remaining   6 years      
Stock options vested at end of year, aggregate intrinsic value   $ 318      
Stock options exercisable at end of year, number (in shares)   4,155,912      
Stock options exercisable at end of year, weighted average exercise price (per share)   $ 53.51      
Stock options exercisable at end of year, weighted average contractual life remaining   4 years 3 months 18 days      
Stock options exercisable at end of year, aggregate intrinsic value   $ 247      
Stock option grants [Member]          
Assumptions used in estimating fair value of options          
Expected term of stock options   6 years 6 years 6 years  
Expected volatility of the Company's stock (percent)   19.29%      
Weighted average volatility (percent)   19.29% 27.50% 28.80%  
Expected annual dividend per share   $ 2.20   $ 1.84  
Risk-free rate   1.31%      
Summary of stock option activity          
Stock options granted, weighted average grant-date fair value of options granted (per share)   $ 15.78 $ 17.22 $ 17.09  
Total intrinsic value of options exercised during the year   $ 120 $ 117 $ 122  
Stock option grants [Member] | Minimum [Member]          
Assumptions used in estimating fair value of options          
Expected volatility of the Company's stock (percent)     27.20% 28.70%  
Expected annual dividend per share     $ 2.00    
Risk-free rate     1.81% 1.11%  
Stock option grants [Member] | Maxiumum [Member]          
Assumptions used in estimating fair value of options          
Expected volatility of the Company's stock (percent)     27.50% 28.80%  
Expected annual dividend per share     $ 2.20    
Risk-free rate     1.82% 1.14%  
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         10,000,000
The Travelers Companies, Inc 2014 Stock Incentive Plan [Member] | Stock option grants [Member]          
Share-based compensation plan description          
Option term   10 years      
Vesting period   3 years      
The Travelers Companies, Inc 2014 Stock Incentive Plan [Member] | Stock option grants [Member] | Subsequent Event [Member]          
Summary of stock option activity          
Granted (in shares) 2,808,558        
Stock options granted, weighted average exercise price (per share) $ 106.03        
Stock options granted, weighted average grant-date fair value of options granted (per share) $ 13.26        
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 year following date of grant 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