Higher Catastrophe Losses Dampen Travelers’ Q1 2016 Earnings
The Travelers Company (NYSE:TRV) reported weak earnings for the first quarter with operating income dropping by about 16% year-over-year (y-o-y) and combined ratio (the ratio of claims to premiums earned) increasing by 340 basis points to 92.3%. The decline in operating income was primarily due to increased catastrophe losses caused by the wind and hail storms in Texas.
Have more questions about Travelers? See the links below:
- What Is Travelers’ Fundamental Value Based On Expected 2016 Results?
- How Much Has Travelers‘ Revenue & EBT Grown In The Last Five Years?
- How Has Travelers‘ Revenue Composition Changed In The Last Five Years?
- What Is Travelers’ Revenue And Earnings Breakdown In Terms Of Operating Segments?
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