Travelers Cos. Inc. posted first-quarter earnings marked by a nearly one-billion-dollar uptick in revenue and raised its quarterly dividends.
Tag: Travelers profits
Travelers Beats Profit Estimates on Premium Growth
Travelers Companies Inc reported a smaller-than-expected drop in quarterly profit on Thursday, as record premium growth offset a hit from higher catastrophe-related claims and lower investment returns. In the second quarter ended June 30, the company’s core income fell to $625 million, or $2.57 per share, from $879 million, or $3.45 per share, the previous… Continue reading Travelers Beats Profit Estimates on Premium Growth
Travelers’ Profit Beats on Lower Catastrophe Losses
Travelers Companies Inc reported a 48 percent increase in quarterly profit on Tuesday, beating analysts’ expectations, as lower catastrophe-related claims offset a hit from investment losses. Core income increased to $1.04 billion, or $4.22 per share, in the first quarter ended March 31, up from $699 million, or $2.73 per share, the previous year. According… Continue reading Travelers’ Profit Beats on Lower Catastrophe Losses
Travelers Profit Falls 20% on Hurricane Ida, Auto Claims
Property-casualty insurer Travelers Cos. posted a 20% decline in net income in the third quarter, weighed down by storm damage and car-wreck related claims. Travelers is among the largest issuers of insurance to U.S. businesses, and it sells car and home insurance to individuals and families. Analysts’ estimates of Hurricane Ida’s late summer industrywide damage… Continue reading Travelers Profit Falls 20% on Hurricane Ida, Auto Claims
Travelers Reports 2Q Net Income of $934M
The Travelers Cos. on Tuesday reported second-quarter net income of $934 million, after reporting a loss in the same period a year earlier. The New York-based company said it had profit of $3.66 per share. Earnings, adjusted for investment gains, were $3.45 per share. The results exceeded Wall Street expectations. The average estimate of seven… Continue reading Travelers Reports 2Q Net Income of $934M
Travelers Quarterly Profit More than Doubles
Property and casualty insurer Travelers Companies Inc reported third-quarter profit on Tuesday that more than doubled, helped by higher premiums, lower costs and an increase in returns from non-fixed income investments. Travelers also recorded a one-time gain of about $403 million from Pacific Gas & Electric’s emergence from bankruptcy. The gain, which stemmed from payments… Continue reading Travelers Quarterly Profit More than Doubles