NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Thursday reported third-quarter profit of $1.89 billion.
On a per-share basis, the New York-based company said it had net income of $8.24. Earnings, adjusted for investment gains, came to $8.14 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.01 per share.
The insurer posted revenue of $12.47 billion in the period. Its adjusted revenue was $12.44 billion, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $12.35 billion.
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