Ahead Of Travelers Companies' Q1 Results

(RTTNews) - Insurer Travelers Companies Inc. (TRV) is due to release its first-quarter numbers before the bell on Thursday, April 21, with analysts polled by Thomson Reuters estimating earnings of $2.55 per share on revenue of $6.00 billion.

Moving ahead , the company expects the auto business in 2016 to continue to grow in both policy accounts and premium volume although at a more moderated percentage than 2015 as the portfolio grows.

Travelers Companies claims that the market response from both agents and consumers to Quantum Auto 2.0 remains incredibly strong and the portfolio is positioned to generate financial returns within its long term target range.

Q4 Overview

Net income for the quarter declined to $866 million or $2.83 per share from $1.04 billion or $3.11 per share in the year-ago period.

Operating income per share was $2.90, while it totaled $3.07 per share last year. Analysts expected earnings of $2.65 per share.

Total revenues dropped 2% to $6.67 billion from $6.78 billion last year. Net written premiums edged up to $5.86 billion from $5.84 billion reported last year. Analysts expected revenues of $5.94 billion.

Underwriting gain declined to $773 million from last year's $866 million. Combined ratio was 86.6%, up from 85.0% last year, and reflected strong underwriting results in each business segment.