Travelers Companies reported a strong second quarter with a net income of $551 million, or $2.27 per diluted share, and a core income of $625 million, or $2.57 per diluted share. The results benefited from record net earned premiums and a solid underlying combined ratio. The company returned $725 million of capital to shareholders, including $500 million in share repurchases.
Net income was $551 million and core income was $625 million.
The consolidated combined ratio was 98.3% and the underlying combined ratio was 92.8%.
Net written premiums reached a record $9.020 billion, up 11% compared to the prior year quarter.
Total capital returned to shareholders was $725 million, including $500 million in share repurchases.
Travelers is confident about its outlook, benefiting from investments and experience executing in various macro-economic conditions, and supported by an outlook for improving fixed income returns.
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