Travelers Reports Strong First Quarter 2021 Net Income per Diluted Share of $2.87, up 23%, and Return on Equity of 10.2%
The Travelers Companies reported a Q1 2021 net income of $733 million, or $2.87 per diluted share, up from $600 million the previous year. Core income rose to $699 million ($2.73 per diluted share), driven by favorable reserve developments and increased net investment income. However, higher catastrophe losses partially offset these gains. Additionally, net realized investment gains reached $44 million pre-tax against losses of $98 million in Q1 2020. The company’s share repurchase program positively impacted earnings per share.
- Q1 2021 net income increased to $733 million from $600 million year-over-year.
- Core income improved to $699 million compared to $676 million in the previous year.
- Net realized investment gains were $44 million, a significant turnaround from $98 million in losses in Q1 2020.
- The impact of share repurchases contributed to increased earnings per share.
- Higher catastrophe losses were reported, which offset some of the income gains.
The Travelers Companies, Inc. today reported net income of
Consolidated Highlights |
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($ in millions, except for per share amounts, and after-tax, except for premiums and revenues) |
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Three Months Ended March 31, |
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2021 |
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2020 |
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Change |
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Net written premiums |
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$ |
7,505 |
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$ |
7,346 |
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2 |
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% |
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FAQ
What is Travelers Companies' net income for Q1 2021?
Travelers Companies reported a net income of $733 million for Q1 2021.
How did Travelers Companies' core income perform in Q1 2021?
Core income for Q1 2021 was $699 million, up from $676 million in the prior year quarter.
What were the net realized investment gains for Travelers in Q1 2021?
Net realized investment gains for Travelers in Q1 2021 were $44 million pre-tax.
What factors contributed to Travelers Companies' core income increase in Q1 2021?
The increase was primarily due to higher net favorable prior year reserve development and higher underlying underwriting gains.
How did the share repurchase program affect Travelers Companies' earnings per share?
The share repurchase program positively impacted earnings per share in Q1 2021.
The Travelers Companies, Inc.
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54.10B
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Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
United States of America
SAINT PAUL
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