20.10.2016 13:17:16

Travelers Companies Q3 Profit Falls

(RTTNews) - Travelers Companies Inc. (TRV) Thursday announced a 23 percent decline in third quarter earnings to $716 million from $928 million a year ago. Earnings per share were down 18 percent to $2.45 from $2.97 in the previous year.

On average, 22 analysts polled by Thomson Reuters expected the company to earn $2.31 per share. Analysts estimates usually exclude special items.

Total revenue for the quarter climbed 2 percent to $6.96 billion from $6.798 billion last year. Wall Street analysts expected $6.37 billion. Net written premiums were up 2 percent to $6.289 billion.

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