earnings
confidence high
sentiment negative
materiality 0.85
Travelers Q3 net income $662M ($2.62/diluted) down 20% YoY; record net written premiums $8.32B up 7%
TRAVELERS COMPANIES, INC.
2021-Q3 EPS reported
$9.16
revenue$25,805,000,000
- Net income $662M ($2.62/diluted) vs $827M ($3.23) YoY; core income $655M ($2.60) vs $798M ($3.12).
- Consolidated combined ratio 98.6% (up 3.7 pts) driven by catastrophe losses $501M pre-tax and unfavorable reserve development.
- Record net written premiums $8.324B, up 7% YoY with growth in all three segments.
- Book value per share $115.74, up 5% YoY; adjusted book value $104.77 up 10%.
- Returned $821M to shareholders including $601M share repurchases; quarterly dividend $0.88.