×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | Earns | Travelers

Travelers' Profit Jumps 60 Percent on Investments

Tuesday, 26 January 2010 07:46 AM

Travelers Cos. says no new catastrophe costs and a rebound for its investment portfolios boosted fourth-quarter profit by 60 percent.

The New York-based commercial and property insurer said Tuesday that net income rose to $1.29 billion, or $2.36 per share, from $801 million, or $1.35 per share, a year ago.

Excluding items, operating profit totaled $2.12 cents per share — beating analysts' average estimate of $1.49 per share, according to Thomson Reuters.

The higher profit reflected a 49 percent rise in investment income to $653 million, and a lack of disasters like hurricanes or earthquakes.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Travelers Cos. says no new catastrophe costs and a rebound for its investment portfolios boosted fourth-quarter profit by 60 percent.The New York-based commercial and property insurer said Tuesday that net income rose to $1.29 billion, or $2.36 per share, from $801 million,...
US,Earns,Travelers
94
2010-46-26
Tuesday, 26 January 2010 07:46 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved