The largest of the catastrophes was a string of violent storms the last week of April that affected 13 states, Travelers adds.

Catastrophe-risk modelers put industry-wide insured losses from the late-April storms at between $2 billion and $6 billion.

Earlier this month modeler AIR Worldwide put an insured-loss range of between $4 billion and $7 billion from storms in May.

New York-based Travelers says it will limit common-share repurchases due to the catastrophe losses. Repurchases in the second quarter are expected to be less than $250 million.

CNN reports that Travelers’ shares fell 3.5 percent the announcement.

There is good news to report, according to Travelers. CEO Jay S. Fishman says business-insurance renewal-rate change was 2 percent compared to 1 percent, and exposure change was positive compared to the first quarter a year ago. Rate change was 4 percent compared to 2 percent for commercial accounts, he adds.

Meanwhile, educator-focused Horace Mann says catastrophe losses from April and May storms will be between $45 million and $50 million, pretax.

The Springfield, Ill.-based multiline insurer has lowered its full-year net income estimate, before realized net investments gains, to $1.10 to $1.30 per share from $1.75 to $1.95 per share. The estimates assumes that catastrophe losses for the rest of the year will be within expectations, says Peter H. Heckman, president and CEO.