TRV - Travelers Companies Q3 EPS Misses Consensus On Mounting Catastrophe Losses | Benzinga

The Travelers Companies Inc (NYSE: TRV) reported Q3 2023 revenues of $10.64 billion, up 14% Y/Y, beating the consensus of $10.33 billion.

Net written premium rose 14% Y/Y to $10.49 billion on growth across Business Insurance (+16% Y/Y) and Personal Insurance (+14% Y/Y) segments and Bond & Specialty Insurance (+4% Y/Y).

Core income declined 14% Y/Y to $454 million due to higher catastrophe losses ($850 million pre-tax) resulting from several severe wind and hail storms in multiple states. 

Core EPS of $1.95, down 11% Y/Y, Full story available on Benzinga.com