Plus   Neg

Travelers Q4 Profit Beats View, Revenue Matches Estimates - Quick Facts

Travelers Companies, Inc. (TRV) on Thursday reported fourth-quarter net income of $1.31 billion or $5.10 per diluted share, up from $873 million or $3.35 per share in the previous-year quarter.

Core income was $4.91 per share, compared to $3.32 per share in the prior year quarter
Total revenues for the quarter grew 4 percent to $8.40 billion from $8.06 billion last year. Net written premiums increased 3 percent to $7.27 billion from $7.08 billion last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $3.18 per share for the quarter on revenues of $7.27 billion. Analysts' estimates typically exclude special items.

The company's board of directors declared a regular quarterly cash dividend of $0.85 per share. The dividend is payable on March 31, 2021, to shareholders of record at the close of business on March 10, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Inter-American Development Bank and Citi Innovation Labs have successfully completed a proof-of-concept to make cross-border payments from the U.S. to countries in Latin America and the Caribbean, using blockchain and tokenized money. The platform provided full traceability of the transactions, exchange rates, and fees on blockchain. Australian competition regulator said the country's Federal Court found that Google and its Australian arm misled users about the collection and use of personal location data. The data was collected through Android mobile devices between January 2017 and December 2018. This is said to be the world-first enforcement action brought by the Australian Competition and Consumer Commission or ACCC. Morgan Stanley (MS) reported a first-quarter profit that more than doubled from last year, reflecting strong performance across all of its business segment. Net revenues for the quarter grew 61 percent from the previous year. Quarterly adjusted earnings per share beat analysts' estimates.
Follow RTT