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News 2026-10-16 11:52 UTC

Travelers beats Q3 consensus despite rise in catastrophe losses

By Navneeta Nandan Oct 16 (The Insurer) — Travelers reported third-quarter core income per diluted share of $9.18 on Friday, beating analysts' consensus estimate of $7.39 per share. The beat was primarily driven by higher net favorable prior year reserve development and higher net investment income, partially offset by