Travelers' Q1 core profit more than tripled year-on-year, with underwriting income reaching $1.17 billion

Glonghui, April 16｜Property and casualty insurance giant Travelers announced its core profit for the first quarter reached $1.71 billion, up approximately 333% year-on-year, or $7.71 per share. Underwriting income was $1.17 billion, compared to an underwriting loss of $305 million in the same period last year. After deducting reinsurance, catastrophe losses decreased from $2.27 billion in the same period last year to $761 million. The company raised its regular quarterly cash dividend by 14% to $1.25 per share.