The Travelers logo is seen atop a company building in St. Paul, Minn. (AP Photo/Jim Mone, File)

(Bloomberg) — Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said second-quarter profit advanced 19 percent as natural-disaster costs dropped.

Net income climbed to $812 million, or $2.53 a share, from $683 million, or $1.95, a year earlier, the New York-based company said Tuesday in a statement. Operating profit, which excludes some investment results, was $2.52 a share, beating the $2.12 average estimate of 25 analysts surveyed by Bloomberg.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.