Travelers Reports Higher Quarterly Earnings
NU Online News Service, July 17, 4:29 p.m.EDT?Travelers Property Casualty Corp. today reportedsecond quarter net income of $441.2 million or 44 cents per share,compared to net income of $332 million or 33 cents per share in thesecond quarter of 2002.
The Hartford, Conn.-based company said the results reflectstrong underwriting performance, a lower charge for prior yearreserve development, and net realized investment gains versus netlosses in the 2002 second quarter.
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