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Travelers Ride High On Quarterly Earnings Driven By Higher Premiums & Strong Underwriting

By John F. Heerdink, Jr.

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. 

 

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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