Travelers Companies reports Q2 core earnings per share of $10.04, surpassing estimates amid solid underwriting and investment income.
Travelers Companies posted a 54% year-over-year increase in Q2 core income per diluted share to $10.04, exceeding market expectations. The gain was driven by strong underwriting income, higher investment returns, and favorable reserve developments across all three business segments.
Analysts had anticipated a lower print, with prior-year Q2 earnings at $6.52 per share. The quarter also benefited from reduced catastrophe losses compared to historical averages.
Shares showed muted reaction in pre-market trading as investors digested the results.