Travelers Q2 net loss $0.07/sh; core income $0.06; cat losses $1.48B

TRAVELERS COMPANIES, INC.

2023-Q2 EPS reported $4.09 revenue$19,802,000,000

Net loss $14M ($0.07 diluted EPS) vs net income $551M ($2.27) prior year; core income $15M ($0.06) vs $625M ($2.57).
Combined ratio 106.5% (cat impact 16.1 pts); underlying combined ratio improved 1.7 pts to excellent 91.1%.
Catastrophe losses $1.48B pre-tax vs $746M, driven by severe wind/hail storms across multiple states.
Record net written premiums $10.32B, up 14% YoY; Business Insurance renewal premium change record 12.8%.
Board declares $1.00/share dividend payable Sep 29; $400M in share repurchases during Q2.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TRAVELERS COMPANIES, INC. reported the quarter ended June 30, 2023 results: net income $14 million, or $0.07 per diluted share, EPS $0.07 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $14 million, or $0.07 per diluted share
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

The Travelers Companies, Inc. today reported a net loss of $14 million, or $0.07 per diluted share, for the quarter ended June 30, 2023

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Source: SEC EDGAR

accession 0000086312-23-000052

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