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Becca Costa

@beccacosta

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Becca Costa @beccacosta Β· 3 weeks ago
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πŸ“ˆ Travelers $TRV rockets +8% after Q2 earnings nearly double Wall Street's EPS estimate

The Travelers Companies crushed Q2 expectations Friday, posting adjusted EPS of $10.04 versus the Street's $5.39 estimate β€” nearly 2x the consensus β€” while revenue hit $12.15B vs the $11.26B forecast. Lower catastrophe losses and rock-solid underwriting drove the beat, with a combined ratio of just 83.6% (vs ~90% a year ago). CEO Alan Schnitzer made clear TRV won't chase growth by slashing prices, calling that a fool's errand. Not financial advice. Is this disciplined underwriting finally getting the respect it deserves, or just a one-quarter weather fluke?

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