Travelers sees Q2 net income soar to $534m despite elevated cat losses
Reinsurance News - Jul 19, 2024
The Travelers Companies, Inc. has reported a net income of $534 million for Q2 of 2024 despite an underwriting loss of $65 million driven by substantial cat losses of $1.5 billion, which were offset by net favourable prior year reserve development of $230 million and an investment income increase of...
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