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0 0.00100704934541801 0.00201409869083588 0.00624370594159118 0.00654582074521657 -0.0231621349446123 -0.00805639476334338 -0.0172205438066465
Stock impact report

U.S. insurer Travelers posts lower profit as catastrophe claims jump [Reuters]

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Reuters
U.S. insurer Travelers posts lower profit as catastrophe claims jump April 21 (Reuters) - Property and casualty insurer Travelers Cos Inc on Tuesday reported a 25% fall in quarterly profit, hurt by higher catastrophe losses, as insurers braced for a slew of claims due to disruptions caused by the coronavirus pandemic. The company’s net income fell to $600 million, or $2.33 per share, in the first quarter ended March 31 from $796 million, or $2.99 per share, a year earlier. Analysts on average expected earnings of $2.85 per share, according to IBES data from Refinitiv. It was not immediately clear whether the numbers were comparable. National catastrophe losses rose significantly in the first quarter from a year earlier as a string of tornadoes tore through Nashville, Tennessee and surrounding counties early in March and several U.S. regions saw wind storms and winter storms. Catastrophe losses rose to $333 million in the quarter from $193 million a year earlier. Travelers, often seen Show less Read more
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