CORRECTED-Insurer Travelers' profit rises 17 pct

Tue Apr 22, 2014 7:45am EDT

(Corrects paragraph 4 to show that net investment income rose 10 percent, not 66 percent)

April 22 (Reuters) - U.S. property and casualty insurer Travelers Cos Inc reported a 17 percent rise in first-quarter profit, helped by higher premiums and net investment income.

The company's net income rose to $1.05 billion, or $2.95 per share, for the quarter ended March 31, from $896 million, or $2.33 per share, a year earlier.

Net written premiums rose about 5 percent to $5.87 billion, while total revenue rose 6 percent to $6.71 billion.

Net investment income rose about 10 percent to $736 million. (Reporting by Avik Das in Bangalore; Editing by Saumyadeb Chakrabarty)

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