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Sep 30, 2024
Travelers Q3 2024 Earnings Report
Reported excellent results driven by strong underwriting and investment income.
Key Takeaways
Travelers reported a strong Q3 2024, marked by a significant increase in net income and core income. The company saw improvements in its combined ratio and underlying combined ratio, driven by strong underwriting profitability across all segments. Record net written premiums and net investment income also contributed to the positive results, allowing the company to return substantial capital to shareholders.
Net income per diluted share increased by 211% to $5.42, with a return on equity of 19.2%.
Core income per diluted share rose by 169% to $5.24, resulting in a core return on equity of 16.6%.
The consolidated combined ratio improved to 93.2%, driven by a strong underlying combined ratio of 85.6%.
Net written premiums reached a record $11.317 billion, up 8% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Travelers is confident in its outlook for its business into 2025 and beyond, driven by its strong earnings power across underwriting and investments.
Positive Outlook
- Strong underlying profitability in all three segments.
- Continued strong premium growth.
- High-quality investment portfolio.
- Effective management of capital.
- Strategic investments in the business.
Challenges Ahead
- Potential for high levels of catastrophe losses.
- Risk of actual claims exceeding reserves.
- Exposure to asbestos and environmental claims.
- Impact of economic downturn.
- Cybersecurity risks.
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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