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Sep 30, 2022

Travelers Q3 2022 Earnings Report

Reported net income of $454 million and core income of $526 million, with strong results despite Hurricane Ian.

Key Takeaways

Travelers reported solid third quarter 2022 results with a net income of $454 million and core income of $526 million, driven by record net written premiums of $9.198 billion, despite significant industry-wide losses from Hurricane Ian.

Consolidated combined ratio of 98.2% and underlying combined ratio of 92.5%.

Catastrophe losses of $512 million pre-tax compared to $501 million pre-tax in the prior year quarter.

Record net written premiums of $9.198 billion, up 10% compared to the prior year quarter.

Total capital returned to shareholders of $722 million, including $501 million of share repurchases.

Total Revenue
$9.3B
Previous year: $8.81B
+5.7%
EPS
$2.2
Previous year: $2.6
-15.4%
Combined Ratio
98.2%
Previous year: 98.6%
-0.4%
Underlying Combined Ratio
92.5%
Previous year: 91.4%
+1.2%
Gross Profit
$9.3B
Previous year: $8.81B
+5.7%
Cash and Equivalents
$773M
Previous year: $818M
-5.5%
Total Assets
$114B
Previous year: $121B
-5.3%

Travelers

Travelers

Travelers Revenue by Segment

Forward Guidance

Travelers did not provide forward guidance in the Q3 2022 earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income