Travelers: Q1 misses consensus

(CercleFinance.com) - Travelers Companies has announced Q1 2020 adjusted net profit that is down 10% at 676 million dollars, or 2.
62 dollars per share, fifteen cents short of the consensus.

The insurer suffered disaster losses of 333 million dollars compared to 193 million dollars a year earlier, as well as net charges of 86 million dollars relatint to the onset of Covid-19 and its finaincial impact.

The group recorded net written premiums that are up 4% at almost 7.35 billion dollars over the period, while its underlying combined ratio fell by 0.3% to 91.3%.


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