Travelers: Q3 EPS well below estimates
(CercleFinance.com) - Travelers Companies has reported Q3 adjusted net income that is down 45% at 378 million dollars, or 1.
43 dollar per share, while the consensus was expecting 90 cents more.
"Despite the impacts of an increasingly challenging tort environment facing our industry and higher non-catastrophe weather-related losses, our underlying underwriting results were solid," said Chairman and CEO Alan Schnitzer.
The insurer posted net premiums written that are up 7% to nearly 7.6 billion dollars, reflecting increases in each of its segments, although its underlying combined ratio increased by 1.1 point to 94.1%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
43 dollar per share, while the consensus was expecting 90 cents more.
"Despite the impacts of an increasingly challenging tort environment facing our industry and higher non-catastrophe weather-related losses, our underlying underwriting results were solid," said Chairman and CEO Alan Schnitzer.
The insurer posted net premiums written that are up 7% to nearly 7.6 billion dollars, reflecting increases in each of its segments, although its underlying combined ratio increased by 1.1 point to 94.1%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.