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Travelers Companies Q3 Revenue Up 3% - Quick Facts

The Travelers Companies, Inc. (TRV) reported third-quarter core income per share of $3.12, compared to $1.43, prior year.

The company said the rise was primarily due to net favorable prior-year reserve development compared to net unfavorable prior year reserve development in the prior-year quarter, a higher underlying underwriting gain and higher net investment income, partially offset by higher catastrophe losses.

Third quarter total revenue was up 3 percent to $8.27 billion. Net written premiums were up 3 percent to $7.77 billion.

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