Travelers sees profits more than double in Q3
Travelers | October 18, 2018
Property and casualty insurance giant The Travelers Companies has today reported third-quarter (Q3) profits of $709 million, more than doubling the firm’s $293 million net income from the same period last year. Travelers attribute its Q3 success partly to a $436 million reduction in catastrophe losses ($264 million in Q3 2018 compared to $700 million in the prior year quarter) and an increase in net investment income of $58 million.