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  4. Travelers Reports Strong First Quarter 2021 Net Income per Diluted Share of $2.87, up 23%, and Return on Equity of 10.2%

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.

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The Travelers Companies, Inc. today reported net income of $733 million, or $2.87 per diluted share, for the quarter ended March 31, 2021, compared to $600 million, or $2.33 per diluted share, in the prior year quarter. Core income in the current quarter was $699 million, or $2.73 per diluted share, compared to $676 million, or $2.62 per diluted share, in the prior year quarter. Core income increased primarily due to higher net favorable prior year reserve development, a higher underlying underwriting gain (i.e., excluding net prior year reserve development and catastrophe losses) and higher net investment income, partially offset by higher catastrophe losses. Net realized investment gains in the current quarter were $44 million pre-tax ($34 million after-tax), compared to net realized investment losses of $98 million pre-tax ($76 million after-tax) in the prior year quarter. Per diluted share amounts benefited from the impact of share repurchases.

 

Consolidated Highlights

 

($ in millions, except for per share amounts, and after-tax, except for premiums and revenues)

 

Three Months Ended March 31,

 

 

2021

 

2020

 

Change

 

Net written premiums

 

$

7,505

 

 

$

7,346

 

 

2

 

%