Travelers: Q2 Earnings Snapshot

Associated Press Finance
1-min read

NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Friday reported second-quarter net income of $534 million.

On a per-share basis, the New York-based company said it had net income of $2.29. Earnings, adjusted for investment costs, came to $2.51 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2 per share.

The insurer posted revenue of $11.28 billion in the period. Its adjusted revenue was $11.35 billion, which fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $11.47 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at https://www.zacks.com/ap/TRV