Travelers (TRV) rises despite increased catastrophe losses hitting profits
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Travelers Reports Second Quarter and Year-to-Date Results
July 20, 2023 6:57 AM EDTSecond 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... MoreTravelers Institute® to Host Former U.S. Secretary of Defense Dr. Mark T. Esper to Discuss Global Hot Spots and Geopolitical Risks
July 18, 2023 9:00 AM EDTHARTFORD, Conn.--(BUSINESS WIRE)-- The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE:... More
