Travelers: Q4 EPS fall short of expectations
(CercleFinance.com) - Travelers Companies reported adjusted net income that is down 10% at 571 million dollars over the past quarter, i.
e. 2.13 dollars per share, while analysts were looking for fifteen cents more.
This deterioration in particular reflects an increase in disaster losses, with the fires in California and Hurricane Michael, while the underlying combined ratio improved to 91.1%, its lowest level since the first quarter of 2016.
The insurer announced net written premiums that are up 4% at nearly 6.7 billion dollars, reflecting growth at each of its segments, as well as a core return on equity of 10% at the end of December, against 11.1% a year ago.
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