Travelers Q2 Adjusted EPS Crushes Estimates at $10.04 vs. $5.41
TRV sits 37% above its 52-week low of $250.207.
Summary
Travelers reported Q2 adjusted EPS of $10.04, nearly doubling the $5.41 FactSet consensus, on flat revenue of $12.15 billion. The beat was driven by sharply lower catastrophe losses ($518M vs. $927M a year ago) and strong underwriting margins. This follows earlier headlines on the 46% net income surge and the $518M cat loss figure, but the magnitude of the EPS beat and the specific revenue number are new. Shares rose 1.2% premarket to $342, near the 52-week high of $349.35. The results reinforce the industry's best underwriting profitability in at least 25 years.
At the time of this announcement, TRV was trading at $342.00 on NYSE in the Finance sector, with a market capitalization of approximately $71.8B. The 52-week trading range was $250.21 to $349.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.