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Travelers posted a very strong second quarter, with core income of $2.2 billion, core EPS of $10.04, and a core return on equity of 24.9%. The company also reported an improved combined ratio of 83.6%, reflecting robust underwriting across all three segments.
Investment income and capital returns were a major boost, as after-tax net investment income rose 14% to $883 million and operating cash flow reached $1.9 billion. Travelers returned more than $1.5 billion to shareholders through dividends and share buybacks.
Each major business segment delivered strong results, including record segment income in Business Insurance and record net written premiums in Bond & Specialty Insurance. Personal Insurance also remained highly profitable, while management said it will continue prioritizing disciplined underwriting over chasing growth with lower pricing.
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Travelers posted a very strong second quarter, with core income of $2.2 billion, core EPS of $10.04, and a core return on equity of 24.9%. The company also reported an improved combined ratio of 83.6%, reflecting robust underwriting across all three segments.
Investment income and capital returns were a major boost, as after-tax net investment income rose 14% to $883 million and operating cash flow reached $1.9 billion. Travelers returned more than $1.5 billion to shareholders through dividends and share buybacks.
Each major business segment delivered strong results, including record segment income in Business Insurance and record net written premiums in Bond & Specialty Insurance. Personal Insurance also remained highly profitable, while management said it will continue prioritizing disciplined underwriting over chasing growth with lower pricing.
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