earnings
confidence high
sentiment positive
materiality 0.75
Travelers Q2 net income $534M vs loss $14M; core EPS $2.51; NWP record $11.1B up 8%
TRAVELERS COMPANIES, INC.
2024-Q2 EPS reported
$7.09
revenue$22,511,000,000
- Net income $534M ($2.29/diluted) vs net loss $14M (-$0.07) YoY; core income $585M ($2.51/diluted).
- Consolidated combined ratio improved 6.3 pts to 100.2%; underlying combined ratio improved 3.4 pts to excellent 87.7%.
- Record net written premiums $11.115B, up 8% with growth in all segments; net investment income up 24% pre-tax.
- Net favorable prior year reserve development $230M pre-tax; catastrophe losses $1.509B pre-tax, slightly above prior year.
- Book value per share $109.08, up 14% YoY; adjusted book value $126.52, up 10% YoY. Board declares $1.05/share dividend.