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