earnings
confidence high
sentiment positive
materiality 0.85
Travelers Q2 net income $934M ($3.66 EPS) vs loss $40M; core EPS $3.45
TRAVELERS COMPANIES, INC.
2021-Q2 EPS reported
$6.53
revenue$17,000,000,000
- Net income of $934M ($3.66 diluted EPS) vs net loss of $40M in prior year quarter; core income $879M ($3.45 diluted EPS).
- Consolidated combined ratio 95.3% (improved 8.4 pts); underlying combined ratio 91.4% (flat). Catastrophe losses $475M pre-tax vs $854M prior year.
- Net written premiums $8.135B, up 11% (8% adj for auto refunds); growth in all three segments.
- Book value per share $116.86, up 10% YoY; adjusted book value $103.88, up 13% YoY. Board declared $0.88 dividend, payable Sept 30.
- Net investment income $818M pre-tax vs $268M prior year, driven by strong non-fixed income returns.