Travelers Companies Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - The Travelers Companies, Inc. (TRV) reported second-quarter net income of $812 million, or $2.53 per share, compared to $683 million, or $1.95 per share, in the prior year quarter. Operating income was $806 million, or $2.52 per share, for the quarter.

On average, 26 analysts polled by Thomson Reuters expected the company to report profit per share of $2.12 for the quarter. Analysts' estimates typically exclude special items.

Travelers said the increase in income primarily resulted from lower catastrophe losses and a $32 million benefit from the resolution of prior year tax matters, partially offset by lower net investment income. Per share amounts benefited from the impact of share repurchases.

Net written premiums were $6.17 billion compared to $6.16 billion, prior year. Analysts expected revenue of $6.26 billion for the quarter. Total revenues were $6.71 billion compared to $6.79 billion.

The Board of Travelers declared a quarterly dividend of $0.61 per share. The dividend is payable on September 30, 2015, to shareholders of record as of the close of business on September 10, 2015.