Travelers Reports Strong Q2 Earnings with Improved Underwriting and Investment Income
Travelers Companies reported strong second-quarter earnings with net written premiums rising 4% to $11.5 billion, reflecting sustained demand in property and casualty insurance amid economic uncertainty. The company experienced a notable decrease in catastrophe-related losses, which fell to $927 million from $1.51 billion the previous year, contributing to improved underwriting results. Travelers achieved an underlying combined ratio of 84.7%, with pre-tax underwriting income increasing 35% to $1.6 billion, driven by effective risk pricing and claims management. Investment income rose 6% to $942 million, supported by returns on fixed-income and low-risk assets. Adjusted earnings per share were $6.51, significantly surpassing analyst expectations and signaling robust financial performance.