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

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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

 

%

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The Travelers Companies, Inc.

NYSE:TRV

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50.31B
227.95M
0.24%
84.86%
1.46%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
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United States of America
SAINT PAUL

About TRV

in an uncertain world, travelers is an insurance leader, committed to keeping pace with the ever-changing needs of our customers, and anticipating their needs for the future. there is no stronger testament to our dedication to protecting customers from loss than our continued innovation and ability to transform our industry. in fact, from the first ever auto and space travel policies and hybrid car discount, to the 2009 founding of the travelers institute for public policy, our history of advancements has propelled our company—and our industry—towards ever higher standards for customers. today, more than 150 years after our founding, travelers is one of the nation's largest property casualty companies. a component of the dow jones industrial average, travelers has more than 30,000 employees, 13,000 independent agents and multiple market segments across the personal, business, financial and international insurance groups. travelers has operations in the united states, united kingdom, ca