Travelers Reports Third Quarter Net Income per Diluted Share of $2.62 and Core Income per Diluted Share of $2.54, Both Up Substantially from Prior Year Quarter

Go back to Travelers Reports Third Quarter Net Income per Diluted Share of $2.62 and Core Income per Diluted Share of $2.54, Both Up Substantially from Prior Year Quarter

Travelers (TRV) PT Raised to $132 at Deutsche Bank

October 19, 2018 8:18 AM EDT

Deutsche Bank analyst Joshua Shanker raised the price target on Travelers (NYSE: TRV) to $132.00 (from $130.00) while maintaining a Hold rating.

... More

Travelers (TRV) Tops Q3 EPS by 28c, Revenues Beat

October 18, 2018 6:58 AM EDT

Travelers (NYSE: TRV) reported Q3 EPS of $2.54, $0.28 better than the analyst estimate of $2.26. Revenue for the quarter came in at $7.72 billion versus the consensus estimate of $7 billion.

Third quarter net income of $709 million and core income of $687 million.Catastrophe losses of $264 million pre-tax decreased from $700 million pre-tax in the prior year quarter.Consolidated combined ratio of 96.6%; underlying combined ratio of 93.0%.Net written premiums of $7.062 billion, up 6% from the prior year quarter, reflecting growth in all segments.Total capital returned to shareholders of $607 million in the quarter, including $400 million of share repurchases.... More