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Travelers’ Profit Rose in Third Quarter

travelers’-profit-rose-in-third-quarter

Property-casualty insurance company Travelers Cos.’s reported an increase in profit and net written premiums for the quarter that ended last month and reported just under $400 million in pretax catastrophe losses.

Travelers reported earnings of $827 million, which rose from $396 million a year earlier. The insurance company’s earnings were $3.23 a share, up from $1.50 a share. The company’s core income—which excludes some items—was $3.12 a share. That was higher than $3.03 a share, the consensus estimate from Wall Street according…

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