Insurance service provider The Travelers Companies, Inc. (NYSE: TRV) Wednesday reported an increase in revenues and earnings for the first quarter of 2024.
- First-quarter 2024 net income, on a per-share basis, increased 16% year-over-year to $4.80
- On an adjusted basis, the core net income was $4.69 per share in the March quarter, up 14% year-over-year
- Net income and core income grew in double-digits to $1.123 billion and $1.096 billion, respectively
- Total revenues increased 16% annually to $11.23 billion in Q1 from $9.7 billion in the prior-year period
- Q1 net written premiums were $10.182 billion, up 8% compared to the prior year quarter, with growth in all three segments
- The company returned a total of $620 million to shareholders during the quarter, including $388 million of share repurchases
- Book value per share was $109.28 at the end of the quarter, up 9% over March 31, 2023; adjusted book value per share rose to $125.53
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%