Travelers

(Travelers)

Travelers Profit Up on Lower Catastrophe Losses

Features Reuters

Property and casualty insurer Travelers Cos Inc reported a 5 percent rise in quarterly net profit, helped by lower weather-related catastrophe losses.

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The company, a Dow Jones Industrial Average component, said net income rose to $1.04 billion, or $3.11 per share, in the fourth quarter ended Dec. 31, from $988 million, or $2.70 per share, a year earlier.

Net written premiums rose 3.6 percent to $5.84 billion. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)