Travelers (TRV) Q4 Earnings Beat Estimates on Lower Cat Loss
TRVTravelers(TRV) Zacks Investment Research·2024-01-20 02:46

The Travelers Companies (TRV) reported fourth-quarter 2023 core income of 7.01pershare,whichbeattheZacksConsensusEstimateof7.01 per share, which beat the Zacks Consensus Estimate of 5.04. The bottom line more than doubled year over year, driven by higher underlying underwriting gain, lower catastrophe losses and higher net investment income. Behind Q4 Headlines Travelers’ total revenues increased 13.5% from the year-ago quarter to $10.9 billion, primarily driven by higher premiums. The top-line figure beat the Zacks Consensus Estimate by 0.2%. Net writt ...