Travelers (TRV) Misses Q2 EPS by 27c
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Travelers Reports Second Quarter 2019 Net Income per Diluted Share of $2.10, up 9%, and Return on Equity of 9.0%
July 23, 2019 6:57 AM EDTSecond Quarter 2019 Core Income per Diluted Share of $2.02, up 12%, and Core Return on Equity of 9.2%
Second quarter net income of $557 million and core income of $537 million, up 6% and 9%, respectively. Consolidated combined ratio of 98.4%; underlying combined ratio of 94.9%, an increase from the prior year quarter due to higher non-catastrophe weather-related losses. Record net written premiums of $7.450 billion, up 4%, reflecting growth in all segments. Renewal premium change in Business Insurance of 6.7% at highest level since 2014. Total capital returned to shareholders of $593 million, including $376 million of share repurchases. Year-to-date total capital... More
