8-K
filed October 18, 2023, 7:59 PM ET
ticker TRV
CIK 0000086312
earnings
confidence high
sentiment negative
materiality 0.75
Travelers Q3 core income down 14% to $454M; record net written premiums $10.5B
TRAVELERS COMPANIES, INC.
2023-Q3 EPS reported
$5.83
revenue$30,437,000,000
- Core income per diluted share $1.95 (vs $2.20); net income $404M ($1.74 per share).
- Net written premiums up 14% to record $10.5B; growth in all three segments.
- Underlying combined ratio improved 1.9 pts to 90.6%; underlying underwriting income up 43% to $868M pre-tax.
- Catastrophe losses $850M pre-tax (vs $512M); net unfavorable reserves $154M including $284M asbestos addition.
- Net investment income up 30% pre-tax to $769M; quarterly dividend $1.00/share payable Dec 29.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TRAVELERS COMPANIES, INC. reported the quarter ended September 30, 2023 results: net income $404 million, EPS $1.74 per diluted share.
- Period
- the quarter ended September 30, 2023
- Net income
- $404 million
- EPS
- $1.74 per diluted share
- Result
- reported results
Exact text from the filing
Months Ended September 30, Nine Months Ended September 30, 2023 2022 Change 2023 2022 Change Net written premiums $ 10,493 $ 9,198 14 % $ 30,207 $ 26,585 14 % Total revenues $ 10,635 $ 9,303 14 $ 30,437 $ 27,248 12 Net income $ 404 $ 454 (11) $ 1,365 $ 2,023 (33) per diluted share $ 1.74 $ 1.89 (8) $ 5.83 $ 8.34 (30) Core income $ 454 $ 526 (14) $ 1,439 $
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TRAVELERS COMPANIES, INC. reported the quarter ended September 30, 2023 results: net income $404 million, EPS $1.74 per diluted share.
- Period
- the quarter ended September 30, 2023
- Net income
- $404 million
- EPS
- $1.74 per diluted share
- Result
- reported results
Exact text from the filing
The Travelers Companies, Inc. today reported net income of $404 million, or $1.74 per diluted share, for the quarter ended September 30, 2023, compared to $454 million, or $1.89 per diluted share, in the prior year quarter.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.