Travelers Q1 core EPS $4.11, net income $975M; dividend raised 8% to $1.00/share, $5B buyback authorized

TRAVELERS COMPANIES, INC.

2023-Q1 EPS reported $4.13 revenue$9,704,000,000

Core EPS $4.11 vs $4.22 a year ago; net income $975M, down from $1.018B.
Record net written premiums $9.4B, up 12% YoY; underlying combined ratio improved to 90.6% from 91.2%.
Catastrophe losses $535M pre-tax ($422M after-tax), elevated; one-time tax benefit of $211M.
Dividend increased 8% to $1.00/share quarterly; Board authorized additional $5.0B share repurchases.
Business Insurance net written premiums up 15% to $5.2B; Personal Insurance up 12%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRAVELERS COMPANIES, INC. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On April 19, 2023, The Travelers Companies, Inc. (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended March 31, 2023, and the availability of the Company’s first quarter financial supplement on the Company’s web site.

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Source: SEC EDGAR

accession 0000086312-23-000036

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