Travelers (TRV) Tops Q3 EPS by 51c
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Travelers Reports Third Quarter Net Income and Core Income per Diluted Share of $1.05 and $0.91, Respectively, Including Catastrophe Losses of $1.63 per Diluted Share
October 19, 2017 6:57 AM EDTReturn on Equity and Core Return on Equity of 4.9% and 4.5%, Respectively
Net income of $293 million and core income of $253 million impacted by $700 million pre-tax ($455 million after-tax) of catastrophe losses. Combined ratio of 103.2% (including 10.7 points of catastrophe losses) and underlying combined ratio of 92.8%. Net investment income of $588 million pre-tax ($457 million after-tax) benefited from strong private equity returns. Record net written premiums of $6.660 billion up 4% over prior year quarter, with growth in all segments. Total capital returned to shareholders of $528 million in the quarter,... More