Travelers reports preliminary Q4 2022 EPS $3.44, cat loss $459M from winter storm

TRAVELERS COMPANIES, INC.

2022-FY EPS reported $11.77 revenue$36,884,000,000

Expects net income of $819M ($3.44 diluted EPS) and core income of $810M ($3.40 diluted EPS).
Catastrophe losses of $459M pre-tax ($362M after-tax) primarily from late December winter storm.
Underlying underwriting gain of $723M pre-tax ($571M after-tax); net investment income $625M pre-tax.
Net favorable prior year reserve development of $185M pre-tax ($145M after-tax).
Commercial businesses exceptional; Personal Insurance challenged by elevated industrywide loss costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRAVELERS COMPANIES, INC. reported the fourth quarter of 2022 results: net income $819 million, or $3.44 per diluted share.

Period: the fourth quarter of 2022
Net income: $819 million, or $3.44 per diluted share
Result: preliminary results

Exact text from the filing

The Travelers Companies, Inc. (NYSE: TRV) today announced preliminary results for the fourth quarter of 2022. For the fourth quarter of 2022, the Company expects to report net income of $819 million, or $3.44 per diluted share, and core income of $810 million, or $3.40 per diluted share.

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Source: SEC EDGAR

accession 0001104659-23-004040

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