Seeking Alpha

Investors prefer to focus on Travelers' (TRV +5.9%) plan to pursue targeted pricing and changes...

Investors prefer to focus on Travelers' (TRV +5.9%) plan to pursue targeted pricing and changes in terms and conditions rather than its 67% Y/Y profit drop, boosting shares. A multiyear streak of outsized losses from severe weather is the top factor in providing an impetus to raise rates across all its operating segments. Insurance peers: CB +2.1%, ACE +3.4%, WRB +2.6%.
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  • FinancialsFred
    , contributor
    Comments (9) | Send Message
     
    TRV trading near 1x the just reported TBVps of $51.85 for 3Q-11, and the commentary on P&C pricing trends is positive, sounds like a financial stock that more conservative investors can stomach
    19 Oct 2011, 05:50 PM Reply Like
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