Travelers (TRV) Tops Q2 EPS by 5c
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Travelers Reports Second Quarter Net and Operating Income per Diluted Share of $2.24 and $2.20, Respectively
July 21, 2016 6:57 AM EDTReturn on Equity and Operating Return on Equity of 10.9% and 11.6%, Respectively
Net and operating income of $664 million and $649 million, respectively, declined from the prior year quarter, primarily due to higher catastrophe losses, including the Fort McMurray wildfires, higher non-catastrophe weather-related losses and lower net investment income. Strong consolidated underwriting results, as reflected in combined ratio of 93.1% and underlying combined ratio of 92.3%. Record net written premiums of $6.345 billion, up 3% from prior year quarter. Total capital returned to shareholders of $747 million in the quarter, including $550 million of share... More