Property and casualty insurer, Travelers (TRV) reported fourth-quarter earnings recently, beating analyst’s estimates boosted by a rise in premiums and strong underwriting. Travelers reported a rise in net written premiums by 6% to $7.08 billion. Its underwriting gains more than tripled to $513 million. Catastrophe losses, net of reinsurance, dropped to $85 million.
Net investment income dropped by 2% to $616 million, due to lower returns from its fixed income and private equity portfolio business, hit by slightly lower interest rates. Net income increased to $873 million, or $3.35 per share for the quarter from $621 million, or $2.32 per share, a year earlier. The company earned $3.32 per share, missing estimates of $3.29 per share. Total revenue rose 3.4% to $8.06 billion.
Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. 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.
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