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Travelers Companies Inc (TRV.N)

TRV.N on New York Stock Exchange

108.11USD
25 Sep 2020
Change (% chg)

$0.29 (+0.27%)
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Volume
423,205
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Latest Key Developments (Source: Significant Developments)

Travelers Says Qtr Saw $91 Mln Of Insurance Losses From Civil Unrest In The U.S.-Conf Call
Thursday, 23 Jul 2020 

July 23 (Reuters) - Travelers Companies Inc ::TRAVELERS EXECUTIVE SAYS QUARTER SAW $91 MILLION OF INSURANCE LOSSES FROM CIVIL UNREST IN THE U.S.- CONF CALL.  Full Article

Travelers Companies Reports Qtrly Core Loss Per Share $0.20
Thursday, 23 Jul 2020 

July 23 (Reuters) - :TRAVELERS COMPANIES - QTRLY CORE LOSS PER SHARE $0.20; QTRLY LOSS PER SHARE $0.16.TRAVELERS COMPANIES - QTRLY CATASTROPHE LOSSES OF $854 MILLION PRE-TAX VERSUS $367 MILLION PRE-TAX IN PRIOR YEAR QUARTER.TRAVELERS COMPANIES - QTRLY NET WRITTEN PREMIUMS OF $7.35 BILLION, DOWN 1%.TRAVELERS COMPANIES - AS OF JUNE 30, 2020 BOOK VALUE PER SHARE $106.42 VERSUS $101.55 AS OF DEC, 31, 2019.TRAVELERS COMPANIES - QTRLY TOTAL REVENUE $7.40 BILLION VERSUS $7.83 BILLION.TRAVELERS COMPANIES - QTRLY NET INVESTMENT INCOME OF $268 MILLION PRE-TAX VERSUS $648 MILLION PRE-TAX IN PRIOR YEAR QUARTER.TRAVELERS COMPANIES - QTRLY UNDERLYING COMBINED RATIO 91.4% VERSUS 94.9%.TRAVELERS COMPANIES - QTRLY COMBINED RATIO 103.7% VERSUS 98.4%.TRAVELERS COMPANIES - COVID-19 & RELATED ECONOMIC CONDITIONS HAD A MODEST NET IMPACT ON THE UNDERWRITING RESULT IN QUARTER.TRAVELERS COMPANIES - PROVIDES ESTIMATE OF PG&E SUBROGATION RECOVERIES OF ABOUT $400 MILLION PRE-TAX TO BE RECOGNIZED IN Q3 2020.  Full Article

Travelers Provides Estimate Of PG&E Subrogation Recoveries Expected To Be Recognized In Q3
Tuesday, 14 Jul 2020 

July 14 (Reuters) - Travelers Companies Inc ::TRAVELERS- WILL RECOGNIZE FAVORABLE PRIOR YEAR RESERVE DEVELOPMENT RELATED TO CLAIMS OF ABOUT $400 MILLION IN Q3 DUE TO PG&E'S EMERGENCE FROM BANKRUPTCY .TRAVELERS ANNOUNCES PRELIMINARY RESULTS FOR SECOND QUARTER 2020.PROVIDES ESTIMATE OF PG&E SUBROGATION RECOVERIES EXPECTED TO BE RECOGNIZED IN Q3 2020.FOR Q2 OF 2020, COMPANY EXPECTS TO REPORT A NET LOSS PER DILUTED SHARE OF $0.16 AND A CORE LOSS PER DILUTED SHARE OF $0.20.COVID-19 AND RELATED ECONOMIC CONDITIONS HAD A MODEST NET IMPACT IN QUARTER.ESTIMATE FOR CATASTROPHE LOSSES IS $854 MILLION PRE-TAX ($673 MILLION AFTER-TAX), NET OF REINSURANCE IN Q2.EXPECTS TO REPORT NET INVESTMENT INCOME OF $268 MILLION PRE-TAX ($251 MILLION AFTER-TAX) IN Q2.Q2 EARNINGS PER SHARE VIEW $1.34 -- REFINITIV IBES DATA.  Full Article

Travelers Expects To Report Q2 Net Loss Of $0.16 per share
Tuesday, 14 Jul 2020 

July 14 (Reuters) - Travelers Companies Inc ::TRAVELERS ANNOUNCES PRELIMINARY RESULTS FOR SECOND QUARTER 2020.PROVIDES ESTIMATE OF PG&E SUBROGATION RECOVERIES EXPECTED TO BE RECOGNIZED IN Q3 2020.FOR Q2 OF 2020, COMPANY EXPECTS TO REPORT A NET LOSS PER DILUTED SHARE OF $0.16 AND A CORE LOSS PER DILUTED SHARE OF $0.20.COVID-19 AND RELATED ECONOMIC CONDITIONS HAD A MODEST NET IMPACT IN QUARTER.ESTIMATE FOR CATASTROPHE LOSSES IS $854 MILLION PRE-TAX ($673 MILLION AFTER-TAX), NET OF REINSURANCE IN Q2.TRAVELERS- WILL RECOGNIZE FAVORABLE PRIOR YEAR RESERVE DEVELOPMENT RELATED TO CLAIMS OF ABOUT $400 MILLION BILLION Q3 DUE TO PG&E'S EMERGENCE FROM BANKRUPTCY.EXPECTS TO REPORT NET INVESTMENT INCOME OF $268 MILLION PRE-TAX ($251 MILLION AFTER-TAX) IN Q2.Q2 EARNINGS PER SHARE VIEW $1.34 -- REFINITIV IBES DATA.  Full Article

Berkshire Hathaway Cuts Share Stake In Goldman Sachs, Dissolves Stake in Travelers
Saturday, 16 May 2020 

May 15 (Reuters) - Berkshire Hathaway Inc::BERKSHIRE HATHAWAY CUTS SHARE STAKE IN GOLDMAN SACHS GROUP INC BY 84% TO 1.92 MILLION SHARES.BERKSHIRE HATHAWAY INC DISSOLVES SHARE STAKE IN TRAVELERS COMPANIES INC.BERKSHIRE HATHAWAY: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2020 AND COMPARED WITH PREVIOUS QUARTER ENDED AS OF DEC. 31, 2019.  Full Article

Travelers Companies Inc Says Expects Impact Of Covid-19 On General Economic Activity Will Negatively Impact Premium Volumes
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Travelers Companies Inc ::TRAVELERS COMPANIES INC SAYS EXPECTS IMPACT OF COVID-19 ON GENERAL ECONOMIC ACTIVITY WILL NEGATIVELY IMPACT PREMIUM VOLUMES - SEC FILING.TRAVELERS COMPANIES INC SAYS BEGAN TO EXPERIENCE COVID-19 IMPACT IN MARCH 2020 AND EXPECT TO PERSIST AND BE MORE SIGNIFICANT IN Q2 OF 2020.TRAVELERS COMPANIES INC SAYS EXPECTS COVID-19 IMPACT WILL FURTHER PERSIST FOR REMAINDER OF 2020 AND BEYOND.TRAVELERS COMPANIES-COULD EXPERIENCE ELEVATED CLAIMS FREQUENCY, SEVERITY FOR WORKERS’ COMPENSATION LINE BASED ON STATES EXPANDING ’ COMPENSATION COVERAGE.TRAVELERS - IF CO SEES ELEVATED CLAIMS FREQUENCY, SEVERITY FOR WORKERS’ COMPENSATION LINE, IT COULD HAVE MATERIAL ADVERSE EFFECT ON RESULTS OF OPERATIONS.  Full Article

Travelers Says Declined "Vast Majority" Of Business Interruption Claims Because Of Exclusions
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Travelers Companies Inc ::CEO ALAN SCHNITZER SAYS INDUSTRY TO BE IMPACTED BY LOWER PREMIUM LEVELS AS ECONOMY CONTRACTS - CONF CALL.CEO SAYS THERE WILL BE COVID-19-RELATED LOSSES, BUT AS EXPOSURES DECLINE THERE WILL ]BE SOME CORRESPONDING DECLINE IN LOSSES - CONF CALL.CEO SAYS LOSS RATIOS COULD IMPROVE OR DETERIORATE, VARYING BY LINE - CONF CALL.EXEC SAYS EXPECTS "DOWNWARD PRESSURE" ON BOTH WRITTEN AND EARNED PREMIUMS DURING SECOND QUARTER - CONF CALL.EXEC EXPECTS "DOWNWARD PRESSURE" ON NET INVESTMENT INCOME DURING SECOND QUARTER - CONF CALL.SAYS EXPENSE RATIO WILL LIKELY INCREASE DUE TO DECLINING PREMIUMS - CONF CALL.EXEC SAYS INSURER HAS A "VERY FEW NUMBER OF POLICIES" THAT EXPLICITLY COVER VIRUSES AND THOSE LOSSES ARE INCLUDED IN Q1 RESULTS - CONF CALL.SAYS COMPANY HAS DECLINED "VAST MAJORITY" OF BUSINESS INTERRUPTION CLAIMS BECAUSE OF EXCLUSIONS - CONF CALL.TRAVELERS CEO- OUR COMMERCIAL PROPERTY POLICIES THAT INCLUDE BI REQUIRE LOSSES TO BE CAUSED BY DIRECT PHYSICAL DAMAGE TO PROPERTY FROM A COVERED CAUSE.TRAVELERS CEO- OUR STANDARD POLICY FORM SPECIFICALLY EXCLUDES LOSS OR DAMAGE CAUSED BY RESULTING FROM A VIRUS.TRAVELERS CEO SAYS REQUIRING LOSSES TO BE COVERED RETROACTIVELY FOR COVID-19 WOULD OVERWHELM INDUSTRY'S PLAIN STAYING ABILITY FOR LEGITIMATE CLAIMS.TRAVELERS CEO - . SURETY LOSS ACTIVITY COULD BE ELEVATED DEPENDING ON THE DURATION OF ECONOMIC SHUTDOWN AND DURATION OF STRESS IN THE ECONOMY.  Full Article

Travelers Reports Q1 Core Earnings Of $2.62 Per Share
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Travelers Companies Inc ::QUARTERLY CORE EARNINGS PER SHARE $2.62.QUARTERLY EARNINGS PER SHARE $2.33.QUARTERLY CONSOLIDATED COMBINED RATIO 95.5% VERSUS 93.7%.QUARTER-END BOOK VALUE PER SHARE $99.69.QUARTERLY UNDERLYING COMBINED RATIO 91.3% VERSUS 91.6%.QUARTERLY TOTAL REVENUE $7.91 BILLION VERSUS ABOUT $7.67 BILLION.QUARTERLY NET WRITTEN PREMIUMS $7.35 BILLION VERSUS $7.06 BILLION REPORTED.QUARTERLY CATASTROPHE LOSSES OF $333 MILLION PRE-TAX VERSUS $193 MILLION PRE-TAX.SAYS BOARD DECLARED 4% INCREASE IN QUARTERLY DIVIDEND TO $0.85 PER SHARE.QUARTERLY NET INVESTMENT INCOME OF $611 MILLION VERSUS $582 MILLION.SAYS QUARTERLY CORE INCOME DOWN PRIMARILY DUE TO HIGHER CATASTROPHE LOSSES, PARTIALLY OFFSET BY HIGHER UNDERLYING UNDERWRITING GAIN.SAYS Q1 UNDERLYING UNDERWRITING GAIN FROM HIGHER BUSINESS VOLUMES IMPACTED BY $86 MILLION PRE-TAX NET CHARGES DUE TO COVID-19, RELATED ECONOMIC CONDITIONS.Q1 EARNINGS PER SHARE VIEW $2.85, REVENUE VIEW $7.42 BILLION -- REFINITIV IBES DATA.  Full Article

Berkshire Hathaway Inc Cuts Share Stake In Travelers Companies & Goldman Sachs
Saturday, 15 Feb 2020 

Feb 14 (Reuters) - Berkshire Hathaway Inc::BERKSHIRE HATHAWAY INC CUTS SHARE STAKE IN TRAVELERS COMPANIES INC BY 94.8 PERCENT TO 312,379 SHARES - SEC FILING.BERKSHIRE HATHAWAY INC CUTS SHARE STAKE IN GOLDMAN SACHS GROUP INC BY 34.6 PERCENT TO 12.0 MILLION SHARES.BERKSHIRE HATHAWAY INC - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2019.  Full Article

Travelers Companies Q3 Core Earnings Per Share $1.43
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Travelers Companies Inc ::TRAVELERS COMPANIES - QTRLY CORE EARNINGS PER SHARE $1.43; QTRLY EARNINGS PER SHARE $1.50.TRAVELERS COMPANIES - QUARTER-END BOOK VALUE PER SHARE $99.21.TRAVELERS COMPANIES - QTRLY COMBINED RATIO 101.5% VERSUS 96.6%.TRAVELERS COMPANIES - QTRLY TOTAL REVENUE $8.01 BILLION VERSUS $7.72 BILLION.TRAVELERS COMPANIES - QTRLY NET WRITTEN PREMIUMS $7.57 BILLION VERSUS $7.06 BILLION.TRAVELERS COMPANIES - QTRLY CATASTROPHE LOSSES, NET OF REINSURANCE $241 MILLION VERSUS $264 MILLION.TRAVELERS COMPANIES - QTRLY NET INVESTMENT INCOME OF $622 MILLION VERSUS $646 MLN‍​.TRAVELERS COMPANIES SAYS EARNINGS IN QUARTER WERE IMPACTED BY NET UNFAVORABLE RESERVE DEVELOPMENT IN BUSINESS INSURANCE.TRAVELERS COMPANIES SAYS QTRLY CORE INCOME DECREASED $309 MILLION, PRIMARILY DUE TO NET UNFAVORABLE PRIOR YEAR RESERVE DEVELOPMENT IN CURRENT QUARTER.TRAVELERS COMPANIES - BOARD OF DIRECTORS DECLARED A QUARTERLY DIVIDEND OF $0.82 PER SHARE.  Full Article

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Travelers posts second-quarter loss, walloped by severe storms, civil unrest

Property and casualty insurer Travelers Cos Inc reported a second-quarter loss on Thursday, hurt by a sharp increase in catastrophe losses and dismal returns on non-fixed income investments in pandemic-hit financial markets.