Travelers (TRV) Posts Mixed Q1 Results
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Travelers Reports First Quarter Net and Operating Income of $2.30 and $2.33 per Diluted Share, Respectively, Including Catastrophe Losses of $0.69 per Diluted Share
April 21, 2016 6:57 AM EDTFirst Quarter Return on Equity and Operating Return on Equity of 11.6% and 12.5%, Respectively
Board of Directors Declares 10% Increase in the Companys Regular Quarterly Cash Dividend to $0.67 per Share
Net and operating income of $691 million and $698 million, respectively, declined from the prior year quarter primarily due to an increase in catastrophe losses of $101 million after-tax ($156 million pre-tax), mainly arising out of hail storms that occurred in Texas in late March. Strong underwriting results in each business segment as reflected in a consolidated combined ratio of 92.3% and an underlying... More