January 23, 2020 / 12:02 PM / a month ago

Travelers profit rises 41% on premiums growth

Jan 23 (Reuters) - Property and casualty insurer Travelers Cos Inc reported a 40.6% rise in quarterly profit on Thursday, helped by growth in premiums and a drop in catastrophe losses.

Net income rose to $873 million, or $3.35 per share, in the fourth quarter ended Dec. 31, from $621 million, or $2.32 per share, a year earlier.

Total revenue rose 3.4% to $8.06 billion. (Reporting by Abhishek Manikandan in Bengaluru; Editing by Shounak Dasgupta)

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