TRV - Elevated Catastrophe Losses From Hail and Wind Storm Hurt Travelers Companies Q1 Profit Stock Slides | Benzinga
The Travelers Companies (NYSE:TRV) reported a mixed first quarter, with earnings lagging analyst' expectations. Core income per share reached $4.69 from $4.11 a year ago, missing the $4.90 consensus forecast. Net income per share rose to $4.80 from $4.13 a year earlier.
The stock declined after the results. The New York-based company offers auto, home, and business property casualty insurance.
For the first quarter, net written premiums increased by 8% to $10.18 billion, while total revenues also increased 16% Y/Y ...