Business
Travelers Reports First Quarter Net Income of $395 Million and Core Income of $443 Million
NEW YORK, April 16, 2025--The Travelers Companies, Inc. today reported net income of $395 million, or $1.70 per diluted share, for the quarter ended March 31, 2025, compared to $1.123 billion, or $4.80 per diluted share, in the prior year quarter. Core income in the current quarter was $443 million, or $1.91 per diluted share, compared to $1.096 billion, or $4.69 per diluted share, in the prior year quarter. Core income decreased primarily due to higher catastrophe losses, partially offset by a
About this update from The Travelers Companies, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/281b34a6d775c65d230508c74ebca517"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bvUO7ZFZQIwGM5HagT_Xew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/281b34a6d775c65d230508c74ebca517","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Zx13IJ.kaLTh2z3nd_xswQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/281b34a6d775c65d230508c74ebca517","width":1024,"height":512}},"lazy":false},{"type":"text","content":"First Quarter 2025 Net Income per Diluted Share of $1.70 and Core Income per Diluted Share of $1.91","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"Board of Directors Declares 5% Increase in Regular Quarterly Cash Dividend to $1.10 per Share","length":93,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Exceptional underlying underwriting income of $1.583 billion pre-tax, up 32%.","length":77,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Consolidated combined ratio of 102.5%; and underlying combined ratio of 84.8%, a 2.9 point improvement.","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Catastrophe losses of $2.266 billion pre-tax, primarily driven by the January 2025 California wildfires.","length":104,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net favorable prior year reserve development of $378 million pre-tax.","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net investment income increased 10% pre-tax over the prior year quarter.","length":72,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating cash flows of $1.360 billion.","length":39,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":464,"olType":false},{"type":"text","content":"NEW YORK, April 16, 2025--(BUSINESS WIRE)--The Travelers Companies, Inc. today reported net income of $395 million, or $1.70 per diluted share, for the quarter ended March 31, 2025, compared to $1.123 billion, or $4.80 per diluted share, in the prior year quarter. Core incom...