Travelers (TRV) Reports In-Line Q2 EPS, Revenues Beat
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Travelers Reports Second Quarter 2020 Net and Core Loss per Diluted Share of $0.16 and $0.20, Respectively
July 23, 2020 6:57 AM EDTProvides 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 103.7%; underlying combined ratio improved 3.5 points to a strong 91.4%. Net impact of COVID-19 and related economic conditions on underwriting results in the quarter was... More