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Travelers 1st-Quarter Profit Jumps as Prices Rise

Travelers Cos. (TRV) boosted its dividend Tuesday as the property-casualty company's first-quarter results beat Wall Street expectations, helped by fewer natural disasters and its ongoing effort to raise prices.Net income of $896 million, or $2.33 a share, rose 11% from $806 million, or $2.02 a share, a year earlier. Operating profit of $2.31 a share set a new quarterly record and exceeded the average estimate of analysts surveyed by Thomson Reuters by 29 cents.Shares jumped 3.2% to $87.29, leading the Dow Jones Industrial Average and putting the stock on pace to reach an all-time closing high. Rival insurers, including American International Group Inc. (AIG) and Chubb Corp. (CB), also rose.Travelers, one of the largest insurers of businesses in the U.S., has been pushing through price increases for over two years as Chief Executive Officer Jay Fishman has worked to improve returns. Mr. Fishman has argued the company needs to raise prices to counteract a rise in natural disasters and a...

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  1. Travelers Net Tumbles 51% After Sandy

    Travelers Cos. (TRV), one of the largest property-casualty insurers in the U.S., said its fourth-quarter profit fell 51% as the company racked up $669 million in cla...

  2. Travelers 3Q Profit Soars on Fewer Disasters

    Led by fewer catastrophe losses compared with 2011, Travelers (NYSE:TRV) posted third-quarter earnings and sales on Thursday that dramatically trumped Wall Street ex...

  3. Travelers Beats 3rd-Quarter View as Disaster Costs Plummet

    Travelers Cos. (TRV), one of the first major insurers to report third-quarter results, said profit jumped dramatically, thanks to a remarkable absence of costly natu...

  4. Travelers Commercial Insurance Rates Up 7.7% In Third Quarter -CEO

    Travelers Cos. (TRV) Chief Executive Jay Fishman said his company had increased prices for business-insurance clients by 7.7% so far in the third quarter, the larges...

  5. Travelers 2Q Trails View on Disaster Bill

    Hit by above-average catastrophe losses, insurance giant Travelers Cos (NYSE:TRV) swung to a weaker-than-expected second-quarter profit of nearly $500 million on Thu...

  6. The Travelers Companies 2Q Results: Postgame Scorecard

    The Travelers Companies (AMEX:TRV) swung back to a profit in the second quarter.Earnings and Revenue The company's revenues topped Wall Street's expectations, though...

  7. Travelers Loses Customers, Promises It's All According To Plan

    Travelers Cos. (TRV) told investors Thursday it is selling less new coverage and hanging onto fewer of its existing customers as it continues to raise prices. And th...

  8. Travelers Widely Trumps Estimates, Boosts Dividend

    Travelers (NYSE:TRV) said its first-quarter profit narrowed but still surpassed Wall Street forecasts, as across-the-board price increases helped sales edge higher a...

  9. Travelers 4Q Profit Falls 31% On Investments, Reserves

    Travelers Cos . (TRV), one of the largest property-casualty companies in the U.S., said fourth-quarter net income fell 31% to $618 million on declining investment in...

  10. Catastrophic Tornadoes Pull Travelers to Quarterly Loss

    Travelers (NYSE:TRV) swung to a loss and fell widely short of expectations in the second quarter as the personal property and casualty insurer faced more than $1 bil...

  11. Economy's affect on Health Insurers

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  12. Travelers CEO Kicks Off Golf Tournament

    Jay Fishman , chairman and CEO of Travelers, on economic outlook and opening day of the Travelers Championship golf tournament.

  1. Travelers 1Q Net Jumps 11% on Higher Prices

    Travelers (NYSE:TRV) boosted its dividend Tuesday as the insurer posted a first-quarter profit that beat the Street, aided by ongoing price hikes.Shares leapt 3.18% ...

  2. Travelers 1st-Quarter Profit Jumps as Prices Rise, Disasters Abate

    Travelers Cos.'s (TRV) boosted its dividend Tuesday as the property-casualty company's first-quarter results beat Wall Street expectations, helped by fewer natural d...

  3. Travelers Net Jumps as Prices Rise, Catastrophes Abate

    Travelers Cos.'s (TRV) increased its dividend Tuesday as the property-casualty company's first-quarter profit results beat Wall Street expectations, helped by fewer ...

  4. Travelers Q1 Net Income Rises 11% To $896 Million

    Travelers Inc. said Tuesday its first-quarter profit rose 11% to $896 million or $2.33 per share, compared to $806 million or $2.02 per share a year earlier. The ins...

  5. Travelers Profit Jumps As Prices Rise, Catastrophes Abate

    Travelers Cos.'s (TRV) increased its dividend Tuesday as the property-casualty company's first-quarter profit results beat Wall Street expectations, helped by fewer ...

  6. Travelers 4th-Quarter Net Down 51% After Superstorm Sandy

    Travelers Cos. (TRV), one of the largest property-casualty insurers in the U.S., said its fourth-quarter profit fell 51% as the company racked up $669 million in cla...

  7. Travelers Halves 4Q Profit on Sandy Losses But Tops Street

    Travelers (NYSE:TRV) revealed stronger-than-expected fourth-quarter results for the top and bottom lines on Tuesday despite a $1.0 billion pre-tax charge related to ...

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