Travelers profit up 85 percent as disaster losses decline


U.S. insurer Travelers Cos Inc posted an 85 percent rise in quarterly profit, helped by lower disaster losses.

Travelers reported net income of $925 million, or $2.41 per share, for the second quarter, up from $499 million, or $1.26 per share, a year earlier.

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The company posted operating earnings of $2.13 per share.

Total revenue was up 5 percent to $6.67 billion.

(Reporting by Aman Shah in Bangalore; Editing by Robin Paxton)