Travelers (TRV) Q4 Earnings Beat Estimates on Lower Cat Loss
Travelers(TRV) Zacks Investment Research·2024-01-20 02:46
The Travelers Companies (TRV) reported fourth-quarter 2023 core income of $7.01 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 HeadlinesTravelers’ 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 written ...