RBC Capital Reiterates Sector Perform Rating on Travelers (TRV)
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Travelers Reports Strong Second Quarter and Year-to-Date Results
July 19, 2024 6:57 AM EDTExcellent Underlying Results, Net Favorable Prior Year Reserve Development and Higher Net Investment Income More Than Offset Significant Catastrophe Losses from Severe Convective Storms
Second Quarter 2024 Net Income per Diluted Share of $2.29 and Return on Equity of 8.6%
Second Quarter 2024 Core Income per Diluted Share of $2.51 and Core Return on Equity of 8.1%
Second quarter net income of $534 million and core income of $585 million. Consolidated combined ratio improved 6.3 points from the prior year quarter to 100.2%. Catastrophe losses of $1.509 billion pre-tax, compared to $1.481 billion... More