Jul. 17 at 6:23 PM
$TRV beats earnings estimates by 83.8% — what propelled this insurance giant? 💪
- Core income surged to
$6.51/share, more than doubling from the year-ago quarter thanks to lower catastrophe losses, higher underlying underwriting gain, higher net favorable prior year reserve development, and net investment income.
- Net written premiums hit a record
$11.5B, up 4% YoY, with strong growth across all segments.
See why Travelers might be a solid hold 👉 https://www.zacks.com/stock/news/2589092/travelers-q2-earnings-beat-on-strong-net-investment-income?cid=sm-stocktwits-2-2589092-body-2450&ADID=SYND_STOCKTWITS_TWEET_2_2589092_BODY_2450