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Dec 31, 2022
Travelers Q4 2022 Earnings Report
Net income and core income decreased due to higher catastrophe losses, a lower underlying underwriting gain, and lower net investment income.
Key Takeaways
Travelers reported a decrease in net income and core income for Q4 2022, primarily due to higher catastrophe losses and lower net investment income, despite record net earned premiums and a strong underlying combined ratio.
Net income was $819 million, or $3.44 per diluted share.
Core income was $810 million, or $3.40 per diluted share.
Net written premiums increased by 10% to $8.829 billion.
The combined ratio increased to 94.5%, and the underlying combined ratio was 91.4%.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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