Travelers gains from strong renewal rate change, retention and an increase in new business supported by a compelling portfolio and solid capital position.
TRV's Q4 results reflect higher underlying underwriting gain, an increase in net investment income and higher net favorable prior-year reserve development.
The Travelers Companies, Inc. (NYSE:TRV ) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants Abbe Goldstein - Senior Vice President, Investor Relations Alan Schnitzer - Chairman and Chief Executive Officer Dan Frey - Chief Financial Officer Greg Toczydlowski - President, Business Insurance Jeff Klenk - President, Bond & Specialty Insurance Michael Klein - President, Personal Insurance Conference Call Participants Robert Cox - Goldman Sachs Gregory Peters - Raymond James Mike Zaremski - BMO Capital Markets David Motemaden - Evercore ISI Brian Meredith - UBS Financial Wes Carmichael - Autonomous Research Alex Scott - Barclays Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Josh Shanker - Bank of America Michael Phillips - Oppenheimer Operator Good morning, ladies and gentlemen. Welcome to the Fourth Quarter Results Teleconference for Travelers.
Shares in The Travelers Companies (TRV) rose in intraday trading Wednesday, as increased premiums drove higher-than-estimated quarterly results at the property and casualty insurer.
While the top- and bottom-line numbers for Travelers (TRV) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Travelers (TRV) came out with quarterly earnings of $9.15 per share, beating the Zacks Consensus Estimate of $6.57 per share. This compares to earnings of $7.01 per share a year ago.
CEO acknowledges devastating L.A. wildfires but does not offer any details of financial costs
Better performances across all three segments are likely to aid TRV's fourth-quarter results.
Evaluate the expected performance of Travelers (TRV) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Travelers (TRV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Travelers is set to gain from continued strong renewal rate change and retention and increase in new business.
Travelers (TRV) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.