Travelers Q3 Earnings & Revenues Surpass Estimates, Premiums Rise Y/Y
Travelers(TRV) ZACKS·2024-10-17 23:46
The Travelers Companies (TRV) reported third-quarter 2024 core income of $5.24 per share, which beat the Zacks Consensus Estimate by 38.2%. The bottom line more than doubled from the year-ago quarter, driven by a higher underlying underwriting gain, improved net favorable prior-year reserve development and higher net investment income. It was partially offset by higher catastrophe losses.Behind Q3 HeadlinesTravelers’ total revenues increased 10.7% from the year-ago quarter to $11.84 billion, primarily drive ...