The Travelers Companies Inc posted second-quarter core income of $2.2 billion, or $10.04 per diluted share, with a core return on equity of 24.9%. The combined ratio improved to 83.6% and the underlying combined ratio to 84.1%, while net investment income rose 14% to $883 million after tax. Net written premiums reached $11.5 billion, including a record $6 billion in Business Insurance, $1.2 billion in Bond & Specialty Insurance, and $4.3 billion in Personal Insurance. The company returned more than $1.5 billion of excess capital to shareholders, including $1.3 billion in share repurchases, and reported $1.9 billion in operating cash flows.
The Travelers Companies IncStrong earnings, improved margins, record premiums, and large share buybacks.