Travelers (TRV) Tops Q3 EPS by 9c
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Travelers Reports Third Quarter Net and Operating Income per Diluted Share of $2.45 and $2.40, Respectively
October 20, 2016 6:57 AM EDTReturn on Equity and Operating Return on Equity of 11.6% and 12.5%, Respectively
Net and operating income of $716 million and $701 million, respectively, declined from the prior year quarter, primarily due to lower net favorable prior year reserve development and higher non-catastrophe weather-related losses. Strong consolidated underwriting results, as reflected in combined ratio of 92.9% and underlying combined ratio of 92.1%. Record net written premiums of $6.389 billion, up 3% from prior year quarter. Total capital returned to shareholders of $755 million in the quarter, including $562 million of share repurchases. Year-to-date total... More