Travelers: Good Insurer Despite Second Quarter Catastrophe Losses

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About: The Travelers Companies, Inc. (TRV)
by: Power Hedge
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Power Hedge
Macro, energy, alternative energy, contrarian
Summary

Travelers' results disappointed the market upon release, mostly due to higher-than-expected catastrophe losses.

Stockholders should not sweat this. The company overall performed very well year over year.

Despite the high catastrophe losses, the company still managed to earn an underwriting profit, which is a very good sign.

Travelers has successfully grown its dividend annually every year since 2005.

On Thursday, July 19, 2018, property and casualty insurance titan The Travelers Cos., Inc. (TRV) reported its second quarter 2018 earnings results. The market was not particularly impressed with these results as