Travelers: beats consensus in first quarter
(CercleFinance.com) - Travelers Companies reported Q1 adjusted net income that is up 11% at 755 million dollars, or 2.
83 dollars per share, while on average, economists were expecting seven cents less.
This improvement reflects a fall in catastrophe-related losses, as well as higher underlying underwriting gains, which have enabled the group to increase its quarterly dividend by 6.5% to 0.82 dollar per share.
The insurer has announced a 6% increase in gross written premiums to over 7.8 billion dollars in the first three months of 2019, reflecting increases at each of its segments, with the group reporting an underlying combined ratio that improved to 91.6%.
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