Travelers Earnings: Catastrophe and Asbestos Are a Drag, but …

Oct 18, 2023 · Travelers’ TRV third-quarter results were weighed down by relatively high catastrophe losses and a charge to add to asbestos reserves. This pushed annualized return on equity for the narrow-moat ...

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Travelers Reports Excellent Third Quarter And Year-to-Date Results

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Oct 17, 2024 · Third Quarter 2024 Net Income per Diluted Share of $5.42, up 211%, and Return on Equity of 19.2% Third Quarter 2024 Core Income per Diluted Share of $5.24, up 169%, and …

travelers.com

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The Travelers Companies Inc (TRV) Q3 2024 Earnings Call …

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Oct 18, 2024 · The Travelers Companies Inc reported core income of over $1.2 billion, or $5.24 per diluted share, with a core return on equity of 16.6%. The company achieved record net …

yahoo.com

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Travelers Investor Relations | Travelers Reports Third Quarter 2023 …

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Oct 18, 2023 · Consolidated combined ratio of 101.0%; and underlying combined ratio of 90.6%, a 1.9 point improvement. Catastrophe losses of $850 million pre-tax compared to $512 million …

travelers.com

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Travelers’ Stock Soars As Earnings Triple Despite Record Catastrophe …

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“In fact, despite having absorbed the highest-ever level of catastrophe losses for the first nine months of the year, our September year-to-date core earnings per share of $12.43 is a record ...

msn.com

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Asbestos Drags On Travelers; Insurer Took Q3 Charge After Upping ...

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Nov 30, 2021 · Berkshire Hathaway Inc. continued to be the largest asbestos liability reserves holder, increasing its reserving to $2.00 billion in 2020 from $1.84 billion in 2019. There was …

spglobal.com

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Property And Casualty Insurer Travelers Tumbles After Its Earnings ...

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Apr 17, 2024 · The Travelers Companies posted lower-than-expected profit as its catastrophe losses soared. The property and casualty insurer had $712 million in catastrophe claims …

investopedia.com

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Travelers Triples Q3 Net Income, Reverses Underwriting Loss

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Oct 17, 2024 · Travelers also booked higher Q3 catastrophe losses in business insurance—$340 million compared to $203 million last year—but still finished with an underwriting gain of $219 …

insurancejournal.com

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Travelers Earnings: Catastrophes Take A Toll, But ... - Morningstar

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Jul 19, 2024 · Narrow-moat Travelers' second-quarter results were weighed down by $1.5 billion in pretax catastrophe losses, which dragged annualized return on equity for the quarter down …

morningstar.com

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Travelers Posts Wide Earnings Miss As Catastrophe Losses Expand

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Property and casualty insurance company Travelers posts third-quarter core earnings of $1.95 a share, below forecasts of $2.99.

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Travelers Expects $75mn-$175mn Net Milton Loss, Takes $242mn …

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Oct 17, 2024 · Travelers’ share price was up over 7 percent on Thursday morning following a Q3 results beat, while management said Helene accounted for more than half of the quarter’s …

theinsurer.com

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Travelers Q3 Profit Falls On Asbestos, Commercial Liability And …

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Oct 22, 2019 · Catastrophe losses primarily resulted from wind and hail storms in several regions of the United States and Hurricane Dorian. The combined ratio of 101.5% increased 4.9 points …

insurancejournal.com

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Travelers Ordered To Pay Over $500 Mln In Asbestos Case

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Jul 22, 2014 · A federal appeals court ordered Travelers Cos Inc to pay more than $500 million to thousands of asbestos victims in a case stemming from the insurer's coverage of Johns …

reuters.com

FAQs about Travelers Earnings: Catastrophe and Asbestos Are a Drag, but … Coupon?

Why did Travelers miss estimates in third-quarter earnings?

Third-quarter earnings at Travelers Cos. missed estimates after the insurer’s catastrophe losses expanded. Property and casualty insurance company Travelers posts third-quarter core earnings of $1.95 a share, below forecasts of $2.99. ...

How much did travelers spend on a repurchase?

Travelers said it spent $253 million during the third quarter to buy back 1.1 million shares at an average price of $222.64. As of Sept. 30, the company had $5.29 billion remaining in its stock repurchase program, which represents about 9.6% of its market capitalization of $55.38 billion at Wednesday’s close. ...

What causes a catastrophe?

Catastrophes can be caused by various natural events, including, among others, hurricanes, tornadoes and other windstorms, earthquakes, hail, wildfires, severe winter weather, floods, tsunamis, volcanic eruptions and other naturally-occurring events, such as solar flares. ...

Why did travelers go into record territory?

S hares of Travelers Cos. Inc. shot further into record territory Thursday, after the insurer reported a big third-quarter earnings beat as a measure of underlying profitability saw sharp improvement. ...