Benzinga
  • 2 months ago
Travelers Companies reported third-quarter earnings that exceeded Wall Street expectations, driven by higher underwriting gains and increased investment income. Catastrophe losses totaled more than $930 million. However, Travelers' underlying combined ratio improved to nearly 85%, reflecting better profitability in its core operations. Despite significant catastrophe losses from hurricanes and severe storms, Travelers' shares rose nearly 7%.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Traveller's companies reported third quarter earnings that exceeded Wall Street expectations
00:06driven by higher underwriting gains and increased investment income.
00:11Catastrophe losses totaled more than $930 million.
00:14However, Traveller's underlying combined ratio improved to nearly 85%, reflecting better
00:19profitability in its core operations.
00:22Despite significant catastrophe losses from hurricanes and severe storms, Traveller's
00:27shares rose nearly 7%.
00:29For all things money, visit Benzinga.com slash GSTV.

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