TRAVELERS COMPANIES, INC. | 2013 | FY | 3


 

2013
  Original Grants    

Expected term of stock options

  6 years    

Expected volatility of the Company's stock

  28.7% - 28.8%    

Weighted average volatility

  28.8%    

Expected annual dividend per share

  $1.84    

Risk-free rate

  1.11% - 1.14%    
         

2012
  Original Grants   Reload Grants

Expected term of stock options

  6 years   1 year

Expected volatility of the Company's stock

  28.5% - 28.6%   22.9% - 23.5%

Weighted average volatility

  28.6%   23.4%

Expected annual dividend per share

  $1.64 - $1.84   $1.64 - $1.84

Risk-free rate

  1.02% - 1.17%   0.10% - 0.17%
         

2011
  Original Grants   Reload Grants

Expected term of stock options

  6 years   1 year

Expected volatility of the Company's stock

  28.0% - 28.6%   15.7% - 17.6%

Weighted average volatility

  28.2%   15.9%

Expected annual dividend per share

  $1.44 - $1.64   $1.44 - $1.64

Risk-free rate

  1.19% - 2.62%   0.10% - 0.29%
         

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