TRV Stock Recent News

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Travelers (TRV), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Travelers (TRV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Travelers (TRV) stock rallies on the back of strong net earned premiums, higher average levels of invested assets, improved results from the fixed-income portfolio and prudent capital deployment.

Travelers (TRV) buyout of Corvus Insurance marks its step toward enhancing its cyber capabilities, a part of its strategic growth roadmap.

Travelers Companies has a long-history of delivering solid returns for investors. The company has experienced a challenging 2023 due to high inflation and high catastrophe losses. Recent renewal premium increases will allow the company to return to normal levels of profitability in FY 2024.

Travelers (TRV) is poised to benefit from strong net earned premiums, higher average levels of invested assets, improved results from the fixed-income portfolio and prudent capital deployment.

Travelers' (TRV) Q3 earnings reflect higher net written premiums, improved net investment income and underwriting gain, partially offset by catastrophe losses and deteriorated combined ratio.

The Travelers Companies Inc. (NYSE:TRV ) Q3 2023 Earnings Conference Call October 18, 2023 9:00 AM ET Company Participants Alan Schnitzer - Chairman, Chief Executive Officer Dan Frey - Chief Financial Officer Greg Toczydlowski - President, Business Insurance Jeff Klenk - President, Bond and Specialty Insurance Michael Klein - President, Personal Insurance Abbe Goldstein - Senior Vice President, Investor Relations Conference Call Participants Greg Peters - Raymond James David Motemaden - Evercore ISI Elyse Greenspan - Wells Fargo Ryan Tunis - Autonomous Research Jimmy Bhullar - JP Morgan Brian Meredith - UBS Michael Zaremski - BMO Capital Markets Yaron Kinar - Jefferies Paul Newsome - Piper Sandler Michael Ward - Citi Meyer Shields - KBW Alex Scott - Goldman Sachs Scott Heleniak - RBC Capital Markets Bob Huang - Morgan Stanley Operator Good morning ladies and gentlemen. Welcome to the third quarter results teleconference for Travelers.

The Travelers Companies (NYSE:TRV) reported a 14% decline in quarterly profit for the third quarter due to elevated catastrophe losses stemming from severe wind and hailstorms across several parts of the United States. The company, based in New York, posted a core income of $454 million, or $1.95 per diluted share, compared to $526 million, or $2.20 per diluted share, in the same quarter the previous year.

Travelers (TRV) came out with quarterly earnings of $1.95 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $2.20 per share a year ago.