• Travelers average price/book ratio for 2024 was 1.94, a 11.49% increase from 2023.
• Travelers average price/book ratio for 2023 was 1.74, a 0.58% increase from 2022.
• Travelers average price/book ratio for 2022 was 1.73, a 41.8% increase from 2021.

Price/book ratio can be defined as