Travelers (TRV) Misses Q2 EPS by $2.09

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Go back to Travelers (TRV) Misses Q2 EPS by $2.09

Travelers Reports Second Quarter and Year-to-Date Results

July 20, 2023 6:57 AM EDT

Second Quarter 2023 Net Loss per Diluted Share of $0.07

Second Quarter 2023 Core Income per Diluted Share of $0.06

Second quarter net loss of $14 million and core income of $15 million. Consolidated combined ratio of 106.5%. Catastrophe losses of $1.481 billion pre-tax compared to $746 million pre-tax in the prior year quarter. Consolidated underlying combined ratio improved 1.7 points compared to the prior year quarter to an excellent 91.1%. Record net written premiums of $10.318 billion, up 14% compared to the prior year quarter. Very strong production in all three segments, including renewal premium... More