Travelers Reports Higher Quarterly Earnings
NU Online News Service, July 17, 4:29 p.m. EDT?Travelers Property Casualty Corp. today reported second quarter net income of $441.2 million or 44 cents per share, compared to net income of $332 million or 33 cents per share in the second quarter of 2002.
The Hartford, Conn.-based company said the results reflect strong underwriting performance, a lower charge for prior year reserve development, and net realized investment gains versus net losses in the 2002 second quarter.
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