Travelers (TRV) Post Q1 EPS of $2.16, Including $0.79/Share Catastrophe Losses; Raises Dividend, $5B Stock Buyback
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Travelers Reports First Quarter Net Income and Core Income1 per Diluted Share of $2.17 and $2.16, Respectively, Including Catastrophe Losses of $0.79 per Diluted Share
April 20, 2017 6:57 AM EDTFirst Quarter Return on Equity and Core Return on Equity of 10.5% and 10.8%, Respectively
Board of Directors Declares 7.5% Increase in the Companys Regular Quarterly Cash Dividend to $0.72 per Share and Authorizes an Additional $5.0 Billion of Share Repurchases
Net income of $617 million and core income (formerly referred to as operating income) of $614 million, included significant catastrophe losses of $226 million after-tax ($347 million pre-tax). Quarter benefited from strong underlying underwriting results and net investment income that increased 9% after-tax over the prior year quarter as a result of higher private equity returns.... More