Travelers Q1 2024 Earnings Report
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.
Travelers
Travelers
Travelers Revenue by Segment
Travelers 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