Latest news with #TRV
San Francisco Chronicle
a day ago
- Business
- San Francisco Chronicle
Travelers: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Thursday reported second-quarter net income of $1.51 billion. The New York-based company said it had net income of $6.53 per share. Earnings, adjusted for investment gains, came to $6.51 per share. The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share. The insurer posted revenue of $12.12 billion in the period. Its adjusted revenue was $12.11 billion, missing Street forecasts. Eleven analysts surveyed by Zacks expected $12.2 billion. _____
Reuters
a day ago
- Business
- Reuters
Insurance bellwether Travelers posts profit surge on stronger underwriting
July 17 (Reuters) - Travelers Companies' (TRV.N), opens new tab profit surged nearly three-fold in the second quarter, the insurance bellwether reported on Thursday, boosted by stronger underwriting and higher investment returns. Insurance demand has remained strong despite economic uncertainty, as businesses and individuals maintain or increase coverage to protect against financial risks, natural disasters and other potential losses. Net written premiums, the total value of policies sold after accounting for reinsurance, rose 4% in the second quarter to $11.5 billion. Catastrophe losses from hurricanes, wildfires and severe storms are a key swing factor for insurers, with the scale and timing of such events often sharply affecting quarterly earnings despite efforts to price in risks and share them through reinsurance. Travelers posted catastrophe losses of $927 million on a pre-tax basis in the reported quarter, compared with $1.51 billion a year earlier. Losses were moderate despite some hailstorms, making it one of the better quarters following a spell of elevated weather-related claims across the industry. The company's results often serve as a bellwether for the property and casualty insurance sector, reflecting broader industry trends in underwriting, pricing and catastrophe losses. The underlying combined ratio came in at 84.7% in the quarter. A ratio below 100 indicates that the insurer collected more in premiums than it paid out in claims and expenses. Travelers posted underlying underwriting income of $1.6 billion on a pre-tax basis, up 35% from a year earlier. Stronger underwriting reflects the insurer's ability to price risk accurately and limit losses, helping boost profits even when claims arise. Meanwhile, net investment income, which comes from investments in bonds, stocks and other low-risk financial assets, rose 6% to $942 million. These returns are a key source of profit for insurers and help cushion the impact from natural disasters and other large claims. Core income climbed to $1.5 billion, or $6.51 per share, in the three months ended June 30. That compares with $585 million, or $2.51 per share, a year earlier.
Yahoo
2 days ago
- Business
- Yahoo
Travelers (TRV) Reports Q2: Everything You Need To Know Ahead Of Earnings
Property and casualty insurer Travelers (NYSE:TRV) will be reporting results this Thursday before the bell. Here's what to look for. Travelers missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $11.87 billion, up 6% year on year. It was a slower quarter for the company, with a significant miss of analysts' book value per share estimates and a miss of analysts' net premiums earned estimates. Is Travelers a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Travelers's revenue to grow 7.5% year on year to $12.13 billion, slowing from the 11.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.60 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Travelers has missed Wall Street's revenue estimates four times over the last two years. With Travelers being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for insurance stocks. However, the segment has faced declining investor sentiment as Travelers's peer group is down 4.1% on average over the last month. Travelers is down 5.9% during the same time and is heading into earnings with an average analyst price target of $281.27 (compared to the current share price of $249.50). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Is a Beat in the Cards for Travelers This Earnings Season?
The Travelers Companies, Inc. TRV is expected to register an improvement in its top and bottom lines when it reports second-quarter 2025 results on July 17, before the opening Zacks Consensus Estimate for TRV's second-quarter revenues is pegged at $12.20 billion, indicating 7.5% growth from the year-ago reported consensus estimate for earnings is pegged at $3.49 per share. The Zacks Consensus Estimate for TRV's second-quarter earnings has moved down 0.8% in the past 30 days. The estimate suggests a year-over-year increase of 39%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Our proven model predicts an earnings beat for Travelers this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) that increases the chances of an earnings ESP: Travelers has an Earnings ESP of +8.76%. This is because the Most Accurate Estimate of $3.80 is pegged higher than the Zacks Consensus Estimate of $3.49. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. The Travelers Companies, Inc. price-eps-surprise | The Travelers Companies, Inc. Quote Zacks Rank: TRV carries a Zacks Rank #3 at present. Better performances across all three segments are likely to aid Travelers' second-quarter results. Premiums are likely to have benefited from better pricing, solid renewal rate change, strong retention and exposure growth. The Zacks Consensus Estimate is currently pegged at $11 billion, indicating an increase of 7.8% from the year-ago reported number. We estimate premiums to increase 7.2% to $10.9 billion. Higher long-term average yields and a higher average level of fixed maturity investments are likely to aid investment results in the to-be-reported quarter. Management estimates fixed income NII, including earnings from short-term securities, to be approximately $725 million for the second quarter of 2025. The Zacks Consensus Estimate is currently pegged at $945 million, implying an increase of 6.8% from the year-ago reported number. We estimate net investment income to increase 12.2% to $992.8 million. The Personal Insurance segment is likely to have benefited from strong retention rates, increased new business premiums and positive renewal premium change, particularly in the Homeowners business. The Zacks Consensus Estimate is currently pegged at $4.4 billion, indicating an increase of 7.4% from the year-ago reported number. We estimate premiums at Personal Insurance to be $4.4 billion, suggesting an improvement of 8.3% from the year-ago reported figure. The Bond & Specialty Insurance segment is likely to have benefited from excellent retention in high-quality Management Liability business, increases in the United Kingdom and broader Europe. The Zacks Consensus Estimate is currently pegged at $1 billion, indicating an increase of 8.2% from the year-ago reported number. We estimate earned premiums at Bond & Specialty Insurance to be $1 billion, suggesting an improvement of 12.1% from the year-ago reported figure. Strong retention rates, positive renewal premium changes, and increased new business premiums are likely to have aided premiums at Business Insurance. The Zacks Consensus Estimate is currently pegged at $5.5 billion, indicating an increase of 7.8% from the year-ago reported number. We estimate earned premiums at Business Insurance to be $5.4 billion, suggesting an improvement of 5.4% from the year-ago reported figure. An increase in net written premiums, coupled with higher net investment income and other revenues, is likely to have aided the top line in the to-be-reported quarter. Better pricing and increased exposure, coupled with prudent underwriting, are expected to have aided underwriting profitability, which, in turn, is expected to have led to an improvement in the combined ratio. We estimate the combined ratio to be 105.5. The Zacks Consensus Estimate is currently pegged at 99. However, expenses are expected to have risen on higher claims and claim adjustment expenses, amortization of deferred acquisition costs, general and administrative expenses, as well as interest expenses. We estimate expenses to increase 6.4% in the to-be-reported quarter to $11.4 billion. Continued share buybacks are anticipated to have provided an additional boost to the bottom line. Here are three P&C insurance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat: Arch Capital Group Ltd. ACGL has an Earnings ESP of +7.92% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $2.34, indicating a year-over-year decrease of 8.9%. You can see the complete list of today's Zacks #1 Rank stocks earnings beat estimates in each of the last four reported quarters. Kinsale Capital Group, Inc. KNSL has an Earnings ESP of +2.33% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $4.39, indicating a year-over-year increase of 17%. KNSL's earnings beat estimates in each of the last four reported Holdings Ltd. RNR has an Earnings ESP of +2.16% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $10.19, indicating a year-over-year decrease of 17.8%. RNR's earnings beat estimates in three of the last four reported quarters and missed in one. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Unlocking Q2 Potential of Travelers (TRV): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect Travelers (TRV) to post quarterly earnings of $3.49 per share in its upcoming report, which indicates a year-over-year increase of 39%. Revenues are expected to be $12.2 billion, up 7.5% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. That said, let's delve into the average estimates of some Travelers metrics that Wall Street analysts commonly model and monitor. The consensus among analysts is that 'Total Revenues- Net investment income' will reach $945.04 million. The estimate points to a change of +6.8% from the year-ago quarter. It is projected by analysts that the 'Total Revenues- Fee income' will reach $119.98 million. The estimate indicates a change of +4.3% from the prior-year quarter. The average prediction of analysts places 'Total Revenues- Premiums' at $11.04 billion. The estimate points to a change of +7.8% from the year-ago quarter. The consensus estimate for 'Total Revenues- Other Revenues' stands at $109.38 million. The estimate indicates a change of +4.2% from the prior-year quarter. Based on the collective assessment of analysts, 'Combined Ratio - Consolidated' should arrive at 99.4%. Compared to the current estimate, the company reported 100.2% in the same quarter of the previous year. Analysts expect 'Loss and loss adjustment expense ratio - Consolidated' to come in at 70.3%. Compared to the current estimate, the company reported 71.4% in the same quarter of the previous year. The collective assessment of analysts points to an estimated 'Underwriting Expense Ratio - Consolidated' of 29.1%. Compared to the present estimate, the company reported 28.8% in the same quarter last year. Analysts predict that the 'Loss and loss adjustment expense ratio - Business Insurance' will reach 67.8%. The estimate is in contrast to the year-ago figure of 66.2%. Analysts' assessment points toward 'Combined Ratio - Business Insurance' reaching 98.0%. The estimate is in contrast to the year-ago figure of 96.1%. The combined assessment of analysts suggests that 'Combined Ratio - Bond & Specialty Insurance' will likely reach 86.1%. The estimate is in contrast to the year-ago figure of 87.7%. Analysts forecast 'Underwriting Expense Ratio - Personal Insurance' to reach 25.4%. Compared to the present estimate, the company reported 24.8% in the same quarter last year. According to the collective judgment of analysts, 'Underwriting Expense Ratio - Business Insurance' should come in at 30.2%. The estimate is in contrast to the year-ago figure of 29.9%. View all Key Company Metrics for Travelers here>>> Over the past month, Travelers shares have recorded returns of -3.4% versus the Zacks S&P 500 composite's +4% change. Based on its Zacks Rank #3 (Hold), TRV will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
