19.01.2024 15:56:56 - dpa-AFX: Travelers Companies Shares Rise 5% On Upbeat Q4 Results
ST. PAUL (dpa-AFX) - Shares of insurance company The Travelers Companies,
Inc. (TRV) are rising more than 5% Friday morning after reporting
better-than-expected profit for the fourth quarter, primarily driven by growth
in premium.
Earned premium increased to $9.973 billion from $8.817 billion last year.
Net income in the fourth quarter increased significantly to $1.626 billion, or
$6.99 per share, from $819 million, or $3.44 per share, in the prior-year
quarter.
Core income was $1.633 billion or $7.01 per share, that beat the average
estimate of analysts polled by Thomson-Reuters of $5.02 per share.
TRV, currently at $208.51, has traded in the range of $157.33 - $196.84 in the
last 1 year.
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