Travelers’ Cat Losses Plunge, Combined Ratio Improves for Q4

January 23, 2020

The Travelers Companies, Inc. enjoyed a large drop in catastrophe losses, improved combined ratio and rise in net income during a 2019 fourth quarter generally filled with improvements.

Pre-tax catastrophe losses came in at $85 million during Q4, compared to $610 million over the same period a year ago.

Net income reached $873 million, or $3.35 per diluted share for the quarter, versus $621 million, or $2.32 per diluted share in the 2018 fourth quarter. On top of that, the combined ratio came in at 92.4, improved over the 97.5 combined ratio from Q4 2018.

Alan Schnitzer, Travelers’ chairman and CEO, said in prepared remarks that lower catastrophe losses helped fuel the company’s strong results, along with “the continued successful execution of our strategy to grow the top line at attractive returns while improving operating leverage.”

Other result highlights:

Source: Travelers