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Mar 31, 2024
Travelers Q1 2024 Earnings Report
Reported excellent first quarter results with strong profitability and production across all segments, driven by record net earned premiums and an excellent combined ratio.
Key Takeaways
Travelers reported a strong first quarter in 2024, with net income of $1.123 billion and core income of $1.096 billion. The company saw growth in net written premiums across all segments and an improved combined ratio, driven by strong underlying results. The Board of Directors also declared a 5% increase in the regular quarterly cash dividend.
Net income reached $1.123 billion, with core income at $1.096 billion.
The combined ratio improved to 93.9%, and the underlying combined ratio was outstanding at 87.7%.
Net written premiums increased by 8% to $10.182 billion, with growth in all three segments.
Shareholders received $620 million in capital, including $388 million in share repurchases.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The year is off to a terrific start with strong profitability and production in all three segments, as well as higher investment income.
Positive Outlook
- Strong profitability in all three segments
- Strong production in all three segments
- Higher investment income
- Success in executing innovation strategy
- Superior returns with industry-low volatility
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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