Travelers (TRV) PT Lowered to $214 at Morgan Stanley
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Travelers Reports Excellent First Quarter Results
April 17, 2024 7:02 AM EDTFirst Quarter 2024 Net Income per Diluted Share of $4.80, up 16%, and Return on Equity of 18.0%
First Quarter 2024 Core Income per Diluted Share of $4.69, up 14%, and Core Return on Equity of 15.4%
Board of Directors Declares 5% Increase in Regular Quarterly Cash Dividend to $1.05 per Share
First quarter net income of $1.123 billion and core income of $1.096 billion. Quarter included an elevated level of catastrophe losses of $712 million pre-tax, compared to $535 million pre-tax in the prior year quarter. Excellent consolidated combined ratio of 93.9% improved 1.5 points; outstanding... More