earnings
confidence high
sentiment negative
materiality 0.75
Travelers Q3 net income down 31% to $454M; record premiums up 10% despite Hurricane Ian
TRAVELERS COMPANIES, INC.
2022-Q3 EPS reported
$8.34
revenue$27,248,000,000
- Q3 net income $454M ($1.89/diluted) vs $662M ($2.62) prior year; core income $526M ($2.20) down 20%.
- Combined ratio 98.2% (92.5% underlying); catastrophe losses $512M pre-tax from Hurricane Ian and other storms.
- Record net written premiums $9.198B (+10% YoY); Business Insurance +9%, Bond & Specialty +8%, Personal +13%.
- Net investment income $593M pre-tax, down 23% due to lower private equity returns.
- Book value per share $84.94 (-27% YoY); adjusted book value $111.90 (+7%); $722M returned to shareholders.