TRV - Why Is Property Casualty Insurance Provider Travelers Companies Stock Trading Higher Today? | Benzinga
Friday, The Travelers Companies (NYSE:TRV) reported record fourth-quarter earnings surpassing the analysts’ expectations, sending its shares more than 6% higher in the trading session.
The New York-based company offers property casualty insurance for auto, home and business.
The company attributed the strong performance to a higher underlying underwriting gain, lower catastrophe losses, and higher net investment income.
For the fourth quarter of 2023, net written premiums increased by 13% to $9.99 billion, beating the consensus of $9.987 billion, while total revenues also increased 13% Y/Y to $10.9 billion, according to data from Benzinga Pro. Net income ...