Overview

* Travelers Q3 core EPS of $8.14

* Net income for Q3 rises 50% to $1.888 bln, driven by lower catastrophe losses

* Combined ratio improves to 87.3% from 93.2% due to lower catastrophe losses

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* LOWER CATASTROPHE LOSSES - Co attributes higher core income to reduced catastrophe losses compared to prior year

* UNDERWRITING IMPROVEMENTS - Underlying combined ratio improved to 83.9%, reflecting strong underwriting results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $12.47

Revenue bln

Q3 Core $8.14

EPS

Q3 EPS $8.24

Q3 Net $1.88

Income bln

Q3 87.30%

Combined

Ratio

Q3 $1.10

Dividend

Q3 83.90%

Underlyi

ng

Combined

Ratio

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 15 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for Travelers Companies Inc ( TRV ) is $298.50, about 9.7% above its October 15 closing price of $269.45

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)