The company said net income for Q3 2024 was $1.260 billion ($5.42 per diluted share), and core income was $1.218 billion ($5.24 per diluted share). Net income in the prior-year quarter was $404 million, and core income was $454 million.

1. 01

   The company said net income for Q3 2024 was $1.260 billion ($5.42 per diluted share), and core income was $1.218 billion ($5.24 per diluted share). Net income in the prior-year quarter was $404 million, and core income was $454 million.

2. 02

   Travelers said its combined ratio for Q3 was 93.2%, down 7.8 points from 101.0% in the prior-year quarter, and its underlying combined ratio was 85.6%, down 5.0 points from 90.6%. Catastrophe losses for Q3 were $939 million pre-tax.

3. 03

   The company said net written premiums for Q3 rose 8% to $11.317 billion, and net investment income increased 18% pre-tax to $904 million. It cited a higher average yield on the fixed income portfolio and higher private equity partnership returns as drivers of the increase in net investment income.

4. 04

   The company repurchased 1.1 million shares in Q3 at an average price of $222.64 for a total cost of $253 million, and said it had $5.290 billion of capacity remaining under its share repurchase authorizations as of September 30. Book value per share was $122.00.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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