Travelers (TRV) Reports Q2 EPS of $1.81, Revenues Beat
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Travelers Reports Second Quarter Net Income and Core Income per Diluted Share of $1.92 and $1.81, Respectively, Which Includes Catastrophe Losses of $1.40 per Diluted Share
July 19, 2018 6:57 AM EDTSecond Quarter Return on Equity of 9.2% and Core Return on Equity of 8.7%
Second quarter net income of $524 million and core income of $494 million. Catastrophe losses of $488 million pre-tax increased by $85 million pre-tax from the prior year quarter. Quarter-over-quarter results also impacted by an incremental charge of $45 million pre-tax associated with a few large commercial losses, primarily fire related. Consolidated combined ratio of 98.1%; underlying combined ratio of 93.6%. Record net written premiums of $7.131 billion, up 7% from the prior year quarter, reflecting growth in all segments.... More
