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Travelers: Q4 EPS tops estimates

(CercleFinance.com) - Travelers Companies has announced Q4 2019 adjusted earnings that are up 52% a​​t 867 million dollars, i.
e. 3.32 dollars per share, while the consensus was expecting eight cents less.

The insurer benefited from lower catastrophe losses and realised net written premiums that are up 6% at almost 7.1 billion dollars, while its underlying combined ratio inched up one percentage point at 92.1%.

Over FY 2019, Travelers thus posted adjusted EPS that is up 7% at 9.60 dollars, for net written premiums that rose by 5% to a record level of nearly 21.2 billion dollars.

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