Merged St. Paul Travelers Reports Q1 Results
NU Online News Service, April 30, 2:00 p.m. EDT? The recently merged St. Paul Travelers Companies Inc. reported its quarterly results as a combined corporation for the first time, posting improved net profit from both Travelers and St. Paul operations.[@@]
However, Travelers operations appear to have stronger overall results in the earnings report, while St. Paul operations recorded declining operating income, year-over-year, even though its net income rose thanks to realized investment gains.
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