Item 7.01. Regulation FD Disclosure.

On January 22, 2013, The Travelers Companies, Inc. (the "Company") held its regularly scheduled webcast regarding its financial results for the fourth quarter and full year 2012. During the call, in response to a question the Company stated that, in 2012 "…we've seen some slightly favorable development" for the 2011 accident year for workers' compensation.

The Company seeks to clarify that statement. The Company's response was correct as to reserve development recorded in the fourth quarter of 2012; in that quarter, the Company recorded a small amount of net favorable reserve development related to the 2011 accident year for workers' compensation. For the full year 2012, the Company recorded approximately $18 million of net unfavorable reserve development related to the 2011 accident year for workers' compensation.

As disclosed on the webcast, during 2012 the Company recorded net favorable reserve development related to all prior accident years (2011 and prior) for workers' compensation.

For additional information, please refer to the Form 8-K, including the Company's earnings press release and financial supplement for the fourth quarter and full year 2012, filed by the Company on January 22, 2013 with the Securities and Exchange Commission, and the related webcast presentation which is available for review/replay on the Company's website under the Investor section (www.travelers.com). In addition, for a discussion of factors that can affect the level or sufficiency of reserves, please see the information under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent annual report on Form 10-K and our quarterly report on Form 10-Q filed with the SEC as well as the information under the caption "Risk Factors" in our most recent annual report on Form 10-K filed with the SEC.

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