Categories Earnings, Finance, LATEST

Earnings Summary: Travelers Companies (TRV) reports higher earnings and revenue

Insurance service provider The Travelers Companies, Inc. (NYSE: TRV) on Friday reported an increase in revenues and earnings for the fourth quarter of 2023.

  • Net income increased to a record high of $1.63 billion in Q4 from $819 million in the prior-year period
  • Total revenues increased 13% from last year to $10.93 billion
  • Earnings per share nearly doubled to $6.99 per share during the three-month period
  • Core income, on a per-share basis, was $7.01, compared to $3.40 per share a year earlier
  • Consolidated combined ratio was 85.8%, which is down 8.7 points from last year; underlying combined ratio dropped 5.5 point to 85.9%
  • Net written premiums moved up 13% annually to about $10.0 billion; net investment income increased 24% pre-tax over the prior year quarter
  • During the quarter, the company’s board of directors declared a regular cash dividend of $1.00 per share
  • At $109.19, book value per share was up 18% year-over-year in the fourth quarter

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

Beyond Meat (BYND) Earnings: 4Q23 Key Numbers

Beyond Meat, Inc. (NASDAQ: BYND) reported net revenues of $73.7 million for the fourth quarter of 2023, down 7.8% year-over-year. Net loss was $155.1 million, or $2.40 per share, compared

AAP Infographic: Advance Auto Parts reports net loss for Q4 2023

Automotive parts retailer Advance Auto Parts, Inc. (NYSE: AAP) on Wednesday reported a net loss for the fourth quarter of 2023, compared to profit in the year-ago period. The company

Earnings: eBay’s Q4 2023 sales and earnings beat estimates

E-commerce platform eBay Inc. (NASDAQ: EBAY) on Tuesday reported financial results for the fourth quarter of 2023. Earnings and revenue topped expectations. Fourth-quarter revenues came in at $2.56 billion, compared

Add Comment
Viewing Highlight