|Bid||0.00 x 2900|
|Ask||0.00 x 4000|
|Day's Range||30.05 - 30.64|
|52 Week Range||28.87 - 32.78|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.80|
|Expense Ratio (net)||0.35%|
Travelers Companies Inc. reported Thursday third-quarter earnings, written premiums and revenue that rose above expectations. The stock was still inactive in premarket trade. The insurer said net income rose to $709 million, or $2.62 a share, from $293 million, or $1.05 a share, in the same period a year ago. Excluding non-recurring items, core earnings per share came to $2.54, above the FactSet consensus of $2.25. Total revenue rose 5% to $7.72 billion, beating the FactSet consensus of $7.55 billion, as net written premium growth of 6% to $7.06 billion topped expectations of $6.99 billion. Underlying combined ratio increased to 93.0% from 92.8%, compared with the FactSet consensus of 93.2%. Book value per share fell 3% to $84.82, due to the impact of higher interest rates on unrealized investments. The stock has lost 2.7% over the past three months, while the SPDR S&P Insurance ETF has slipped 0.9% and the Dow Jones Industrial Average has gained 2.0%.
Prudential Financial Inc. said Wednesday Chief Executive John Strangfeld will retire, effective Nov. 30, after about 10 years in the role. The insurer said Charles Lowrey, who has been chief operating officer since April 2014, will be the next CEO. Strangfeld will remain non-executive chairman until April 5, 2019, after which Lowrey will assume the role of chairman. Separately, the company said named Chief Financial Officer Robert Falzon as vice chairman, to succeed current Vice Chairman Mark Grier in December 2018. Grier, who joined the company as CFO in May 1995, will step down from the board of directors in August 2019. The stock was indicated fractionally lower in premarket trade. It has lost 15.1% year to date through Tuesday, while the SPDR S&P Insurance ETF has gained 3.8% and the S&P 500 has advanced 8.0%.
MARKET PULSE Shares of Aspen Insurance Holdings Ltd. (ahl) surged 3.4% in premarket trade Tuesday, after the insurance company announced overnight an agreement to be acquired by private-equity company Apollo Global Management LLC in a cash deal valued at about $2.
MARKET PULSE Citizens Inc. shares (cia) shot up 7.8% to a nine-month high in morning trade Friday, after the insurance services company said the Securities and Exchange Commission concluded its investigation and did not recommend an enforcement action.
2017 Numbers for Major Health Insurers - original post here - Given the continuing debate in the United States about healthcare policy, from time to time Calcbench likes to review the financial data of large health insurers. We last looked at the ...
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