Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business.
Travelers released quarterly earnings reports last Thursday which moved higher on the shoulders of the increased premiums and strong underwriting. The Company’s net written premiums rose nearly 6% to $7.08B and underwriting gains tripled to $513M for the quarter, as per reports.
Total revenue increased by 3.4% to $8.06B. Net investment income dropped by 2% to $616M. Net income of $873M was reported, or $3.35 per share for the fourth quarter ending Dec. 31, from $621M, or $2.32 per share, a year earlier. The company earned $3.32 per share, above estimates of $3.29 per share, according to IBES data from Refinitiv.
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