Travelers (TRV) Tops Q1 EPS by 1c

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Travelers Reports Quarterly Net and Operating Income of $833 Million and $827 Million, Respectively, and Net and Operating Income per Diluted Share of $2.55 and $2.53, Respectively

April 21, 2015 6:57 AM EDT

Strong Return on Equity and Operating Return on Equity of 13.4% and 14.5%, Respectively

Board of Directors Approves 11% Increase in the Companys Regular Quarterly Cash Dividend to $0.61 per Share, and Authorizes an Additional $5.0 Billion of Share Repurchases

Combined ratio of 88.9% reflected very strong underwriting results. Decline in operating income from prior year quarter primarily attributable to lower net investment income ($104 million after-tax), a benefit from a change in state assessment law in the prior year ($49 million after-tax), and lower net favorable prior year development ($32 million after-tax).... More