Travelers Reports First Quarter 2020 Net Income per Diluted Share of $2.33 and Return on Equity of 9.4%
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Travelers (TRV) Misses Q1 EPS by 26c, Revenues Miss
April 21, 2020 6:59 AM EDTTravelers (NYSE: TRV) reported Q1 EPS of $2.62, $0.26 worse than the analyst estimate of $2.88. Revenue for the quarter came in at $7.35 billion versus the consensus estimate of $7.43 billion.
First Quarter 2020 Core Income per Diluted Share of $2.62 and Core Return on Equity of 11.5%
First quarter net income of $600 million and core income of $676 million.Catastrophe losses of $333 million pre-tax compared to $193 million pre-tax in the prior year quarter.COVID-19-related net charges of $86 million pre-tax ($68 million after-tax) included in underwriting gain.Consolidated combined ratio of 95.5%; underlying combined ratio of... More