(Bloomberg) — Travelers Cos., the only property and casualty insurer in the Dow Jones Industrial Average, said second-quarter profit fell 26%, missing estimates, on catastrophe costs.

Net income declined to $683 million, or $1.95 a share, from $925 million, or $2.41, a year earlier, the New York-based insurer said today in a statement. Operating profit, which excludes some investment results, was $1.93 a share, 14 cents below the average estimate of 26 analysts surveyed by Bloomberg.


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