Sign Up
Login

Travelers reports 20% fall in quarterly profit

Written by Adam Cadle
20/10/2022

Travelers has reported a 20% fall in quarterly profit, hurt by hurricane-related claims and lower returns on its investments.

Hurricanes Ian and Fiona, as well as severe storms in many US regions, pushed the insurer's pretax catastrophe losses to $512m from $501m last year.

Pre-tax net investment income dropped 23% to $593m.

The company's core income fell to $526m, or $2.20 per share, in the third quarter ended 30 September, from $655m, or $2.60 per share, a year earlier.

Related Articles

  There are no related documents to show at this time.

Impact Investing roundtable

Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

Absolute Return Fixed Income roundtable

European Loans roundtable

The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
Most read stories...
DIVERSIFIED PRIVATE CREDIT
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit
World Markets (15 minute+ time delay)

Pictet-roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017