Q1 core income of $678M or $2.46 per share vs. $614M and $2.16 a year ago.
Net written premiums up 5% Y/Y to $6.824B.
Combined ratio deteriorates 50 basis points Y/Y to $95.5%; underlying combined ratio improves 70 basis points to 92.4%.
Net investment income down 7% Y/Y to $603M.
Adjusted book value per share of $84.54 up 1% for the quarter, up 4% Y/Y; $401M of buybacks during quarter. Dividend bumped 7% to $0.77 per share.
CEO Alan Schnitzer: The pricing environment in Business Insurance continues to improve, with domestic renewal premiums up 4.5% Y/Y.
Previously: The Travelers Companies misses by $0.31, beats on net written premium (April 24)
Previously: The Travelers Companies declares $0.77 dividend (April 24)
TRV -2.35% premarket
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