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Travelers Beats Flying High On Premiums & Strong Underwriting

By John F. Heerdink, Jr.

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.

To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Travelers profit beats on higher premiums, strong underwriting in CNBC)


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