earnings
confidence high
sentiment positive
materiality 0.80
Travelers Q1 net income $1.12B ($4.80/sh), up 16%; dividend raised 5% to $1.05
TRAVELERS COMPANIES, INC.
2024-Q1 EPS reported
$4.80
revenue$11,228,000,000
- Q1 EPS $4.80 vs $4.13 YoY; core EPS $4.69 vs $4.11; revenue $11.2B (+16%).
- Combined ratio 93.9%, improving 1.5 pts; underlying combined ratio 87.7%, improving 2.9 pts.
- Net written premiums grew 8% to $10.2B, with growth in all three segments.
- Dividend increased 5% to $1.05/share payable June 28; $388M share repurchases in Q1.
- CEO cites record net earned premiums and strong underwriting; confidence in outlook.