Market Overview

UPDATE: Travelers Posts Drop In Q4 Profit

Related TRV
Allstate (ALL) Reaches 52-Week High on Mixed Q2 Results
Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
Insurer Travelers's Profit Rises 17% in 1Q (Fox Business)

Travelers Cos (NYSE: TRV) reported a drop in its fourth-quarter profit.

Travelers' quarterly profit declined to $304 million, or $0.78 per share, versus $618 million, or $1.51 per share, in the year-earlier period. Its operating earnings fell to $0.72 per share from $1.48 per share.

Its revenue climbed 2% to $6.48 billion. However, analysts were expecting earnings of $0.14 per share.

Travelers shares closed at $76.31 on Friday.

Posted-In: profitEarnings News

 

Related Articles (TRV)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters