Travelers (TRV) Tops Q1 EPS by 50c

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Go back to Travelers (TRV) Tops Q1 EPS by 50c

Travelers Reports Strong First Quarter Results

April 19, 2023 6:57 AM EDT

First Quarter 2023 Net Income per Diluted Share of $4.13 and Return on Equity of 17.5%

First Quarter 2023 Core Income per Diluted Share of $4.11 and Core Return on Equity of 14.5%

Board of Directors Declares 8% Increase in Regular Quarterly Cash Dividend to $1.00 per Share and Authorizes an Additional $5.0 Billion of Share Repurchases

First quarter net income of $975 million and core income of $970 million. Quarter included an elevated level of catastrophe losses of $535 million pre-tax ($422 million after-tax); quarter also included a one-time tax benefit of $211... More