Travelers (TRV) Misses Q1 EPS by 29c
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Travelers Reports First Quarter Net Income and Core Income per Diluted Share of $2.42 and $2.46, Respectively, Up 12% and 14%, Which Includes Catastrophe Losses of $1.01 per Diluted Share
April 24, 2018 6:57 AM EDTFirst Quarter Return on Equity and Core Return on Equity of 11.5% and 11.9%, Respectively
Board of Directors Declares 7% Increase in the Companys Regular Quarterly Cash Dividend to $0.77 per Share
First quarter net income of $669 million and core income of $678 million, up 8% and 10%, respectively, from the prior year quarter, which includes $354 million pre-tax ($280 million after-tax) of catastrophe losses. Consolidated combined ratio of 95.5%; underlying combined ratio remained strong at 92.4%. Record net written premiums of $6.824 billion, up 5% from the prior year quarter reflecting growth in all... More