Travelers Companies (TRV) Q3 Earnings Blow Past Estimates as Catastrophe Losses Tumble – Analysts Weigh In
Travelers reported Q3 core income of $1.87 billion, or $8.14 per share, up 52% from a year earlier and far above analyst estimates. Catastrophe losses fell to $402 million as no hurricanes hit the U.S. through September. Net written premiums rose 1% to $11.47 billion. The stock closed at $269.45 on Oct. 15 but slipped about 2.3% that day.