Travelers Reports Second Quarter 2020 Net and Core Loss per Diluted Share of $0.16 and $0.20, Respectively
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Travelers (TRV) Reports In-Line Q2 EPS, Revenues Beat
July 23, 2020 7:00 AM EDTTravelers (NYSE: TRV) reported Q2 EPS of ($0.20), in-line with the analyst estimate of ($0.20). Revenue for the quarter came in at $7.4 billion versus the consensus estimate of $7.36 billion.
Provides Estimate of PG&E Subrogation Recoveries of Approximately $400 Million Pre-Tax to be Recognized in Third Quarter of 2020
Second quarter net loss of $40 million and core loss of $50 million.Catastrophe losses of $854 million pre-tax, compared to $367 million pre-tax in the prior year quarter.Net investment income of $268 million pre-tax, compared to $648 million pre-tax in the prior year quarter.Consolidated combined ratio of... More