April 23, 2014
Travelers Companies Inc. reported a 17 percent rise in first-quarter profit, helped by higher underwriting gains and an increase in net investment income. Net income rose to $1.05 billion for the quarter ended March 31, from $896 million a year …
April 14, 2014
Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual letter to shareholders, Travelers CEO Jay Fishman …
January 21, 2014
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy. Net income rose to $988 million, or $2.70 a share, from …
October 19, 2012
The Travelers Companies Inc. said its Business Insurance segment pricing continued to rise in the third quarter — led by workers’ compensation and commercial auto. Rates also continued to climb in the Personal Lines segment. CEO Jay Fishman commented during …
November 5, 2010
The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli Participações em Seguros e Resseguros S.A., “the market leader in the surety insurance business in Brazil with a market …
October 21, 2010
The Travelers Companies Inc. has reported net income of $1.005 billion, or $2.11 per diluted share, for the quarter ended Sept. 30, 2010, compared to $935 million, or $1.65 per diluted share, for the same quarter in 2009. Operating income …
July 23, 2010
Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago period. Catastrophe claims — chiefly wind …
April 23, 2010
The Travelers Cos. Inc. reported net income for the first quarter 2010 dropped just $15 million, to $647 million in Q1 2010, compared to $662 million in Q1 2009. Operating income in the current quarter declined as well to $631 …
March 19, 2010
Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier financial services firms. Leading p/c …
January 26, 2010
The Travelers Cos. saw its fourth-quarter profits climb 60 percent, driven largely by investment gains. The insurer posted record net income for the quarter of $1.285 billion and full year net income of $3.622 billion. It marked the best quarter …