earnings
confidence high
sentiment positive
materiality 0.85
Travelers Q2 net income $2.21B ($10.26/diluted), core income $2.16B ($10.04/diluted), combined ratio 83.6%
TRAVELERS COMPANIES, INC.
- Net income $2.208B ($10.26/diluted) vs $1.509B ($6.53) prior year; core income $2.160B ($10.04) vs $1.504B ($6.51).
- Combined ratio improved to 83.6% from 90.3%; underlying combined ratio 84.1% vs 84.7%.
- Net written premiums $11.529B flat; ex-Canada sale grew 2%. Business Insurance NWP +5% ex-Canada.
- Net investment income after-tax $883M, up 14% YoY.
- Returned $1.577B to shareholders including $1.311B in share repurchases; quarterly dividend $1.25/share.