Travelers (TRV) Misses Q1 EPS by 26c, Revenues Miss

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Travelers Reports First Quarter 2020 Net Income per Diluted Share of $2.33 and Return on Equity of 9.4%

April 21, 2020 6:57 AM EDT

First Quarter 2020 Core Income per Diluted Share of $2.62 and Core Return on Equity of 11.5%

First quarter net income of $600 million and core income of $676 million. Catastrophe losses of $333 million pre-tax compared to $193 million pre-tax in the prior year quarter. COVID-19-related net charges of $86 million pre-tax ($68 million after-tax) included in underwriting gain. Consolidated combined ratio of 95.5%; underlying combined ratio of 91.3%. Net written premiums of $7.346 billion, up 4%; reflecting growth in all segments. Total capital returned to shareholders of $681 million, including $471 million of share repurchases. Book... More