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BUZZ-Travelers rises after Q4 profit beats expectation

ReutersJan 22, 2025 12:19 PM

** Shares of insurance bellwether Travelers TRV.N climb 3.7% to $248 premarket

** TRV posts Q4 record core income of $2.13 bln, or $9.15/shr, beating Wall Street expectation of $6.63/shr, according to estimates compiled by LSEG

** Q4 net written premiums rose 7% to $10.74 bln, driven by growth across all segments

** Meanwhile, net investment income of $955 mln pre-tax jumped 23% from a year earlier, thanks to higher earnings from fixed income investments and private equity partnership returns

** Q4 combined ratio came in at 83.2% compared with 85.8% a year earlier

** A ratio below 100% means the insurer earned more in premiums than it paid out in claims

** TRV stock jumped 26.5% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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