The earnings call showcased strong financial performance, with record core income, substantial growth in premiums, and impressive investment results. While there were some challenges, such as the impact of Hurricane Helene and asbestos reserve charges, the highlights significantly outweighed the lowlights.

Company Guidance

During the Q3 2024 earnings call for Travelers (TRV), the management provided guidance on several key financial metrics and operational highlights. The company reported a core income of $1.2 billion, equating to $5.24 per diluted share, with a core return on equity of 16.6%. The underlying underwriting income reached $1.5 billion pretax, up 73% from the previous year, driven by record net earned premiums of $10.7 billion, which increased by 10%. The underlying combined ratio improved by 5 points to 85.6%, contributing to a consolidated combined ratio improvement of nearly 8 points to 93.2%. The quarter also saw net written premiums grow by 8% to $11.3 billion. In terms of investments, after-tax net investment income rose by 16% to $742 million. The company’s strong financial performance enabled a 4% growth in adjusted book value per share during the quarter, even after returning $496 million to shareholders. Looking ahead, Travelers expressed confidence in its outlook for 2025 and beyond, supported by its strong execution and strategic initiatives.

Record Core Income and Return on Equity

Generated core income of more than $1.2 billion, or $5.24 per diluted share, with a core return on equity of 16.6%.

Outstanding Underwriting and Investment Results

Underlying underwriting income increased by 73% over the prior year quarter, driven by record net earned premiums of $10.7 billion, up 10%.

Strong Investment Portfolio Performance

After-tax net investment income was up 16% to $742 million, reflecting strong returns from both fixed and non-fixed income portfolios.

Impressive Growth in Net Written Premiums

Overall net written premiums grew by 8% to $11.3 billion, with Business Insurance premiums growing by 9% and Bond & Specialty Insurance by 7%.

Significant Improvement in Personal Insurance Segment

Personal Insurance underlying combined ratio improved by 11.5 points to 82.7%.

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Travelers Companies (TRV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TRV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 19, 2018	2018 (Q2)	- / 1.81	1.92	-5.73% (-0.11)	―	―
Oct 18, 2018	2018 (Q3)	- / 2.54	0.91	179.12% (+1.63)	―	―
Jan 22, 2019	2018 (Q4)	- / 2.13	1.51	41.06% (+0.62)	―	―
Apr 18, 2019	2019 (Q1)	- / 2.83	2.46	15.04% (+0.37)	―	―
Jul 23, 2019	2019 (Q2)	- / 2.02	1.81	11.60% (+0.21)	―	―
Oct 22, 2019	2019 (Q3)	- / 1.43	2.54	-43.70% (-1.11)	―	―
Jan 23, 2020	2019 (Q4)	- / 3.32	2.13	55.87% (+1.19)	―	―
Apr 21, 2020	2020 (Q1)	- / 2.62	2.83	-7.42% (-0.21)	―	―
Jul 23, 2020	2020 (Q2)	- / -0.20	2.02	-109.90% (-2.22)	―	―
Oct 20, 2020	2020 (Q3)	- / 3.12	1.43	118.18% (+1.69)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TRV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 17, 2024	$241.94	$263.72	+9.00%
Jul 19, 2024	$218.72	$201.75	-7.76%
Apr 17, 2024	$220.13	$203.81	-7.41%
Jan 19, 2024	$194.81	$207.89	+6.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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