Travelers posts higher first-quarter profit, raises dividend
April 23 (Reuters) - U.S. insurer Travelers Cos Inc posted a higher first-quarter profit, helped by a decline in natural disaster losses and rising insurance rates.
Travelers also raised its quarterly dividend to 50 cents per share from 46 cents per share.
The company's first-quarter net profit rose to $896 million, or $2.33 per share, from $806 million, or $2.02 per share, a year earlier.
On an operating basis, Travelers earned $2.31 per share.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video