April 22, 2014 / 11:06 AM / 3 years ago

CORRECTED-Insurer Travelers' profit rises 17 pct

(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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below