• Travelers average price/book ratio for 2023 was 1.75, a 0% increase from 2022.
• Travelers average price/book ratio for 2022 was 1.75, a 42.28% decline from 2021.
• Travelers average price/book ratio for 2021 was 1.23, a 25.51% increase from 2020.

Price/book ratio can be defined as