- Reuters•3 days ago
Travelers Cos Inc reported its lowest quarterly earnings since 2012, when hurricane Sandy struck the U.S. Atlantic coast, but managed to beat market expectations. Analysts on a conference call flooded Travelers' executives with questions about the pricing of the company's policies. "Investors and sell-side analysts are trying to figure out how much underlying margins will shrink, going forward," Amit Kumar, an analyst at Macquarie Research, told Reuters.
This will warm your heart.
- Barrons.com•3 days ago
Travelers Cos. (TRV:NYSE) By Sandler O’Neill + Partners ($117.01, July 21, 2016) On an absolute basis, Travelers’ (TRV) second-quarter earnings results were rather impressive with a double-digit operating return-on-equity and especially so in light of the catastrophe-loss preannouncements by a number of its peers in the quarter. It seems like somehow the company missed many of the large catastrophe losses that struck other property-casualty insurers. A negative in the quarter was that its underlying combined ratio (combined ratio excluding catastrophe losses and favorable reserve development) deteriorated by 1.7 points year-over-year driven by higher non-catastrophe weather-related losses year-over-year and to a lesser extent, the impact of loss cost trends that exceeded earned pricing.
The Travelers Companies, Inc.NYSE
After hours: 116.82-0.33 (-0.28%) as of 5:00 PM EDT
|Bid||117.14 x 1700|
|Ask||117.15 x 900|
|52wk Range||95.21 - 119.30|
|Day's Range||115.87 - 117.61|
|Avg Vol (3m)||1,456,526|
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