Travelers: beats consensus in Q3
(CercleFinance.com) - Travelers Companies has reported adjusted net income that has nearly tripled (+172%) to 687 million dollars over the past quarter, or 2.
54 dollars per share, against the consensus of just 2.27 dollars.
This improvement is attributable to much lower losses relating to natural disasters compared to a third quarter of 2017 that suffered from the hurricanes Harvey, Irma and Maria, as well as storms and hailstorms in the US.
The insurer also announced net premiums written that are up 6% at 7.06 billion dollars, reflecting growth in each of its segments, as well as a return on equity of 12.6% against 4.9% a year ago.
Copyright (c) 2018 CercleFinance.com. All rights reserved.