St. Paul Travelers, helped by stronger-than-expected investment income, reported better results than anticipated, despite an overall hurricane-related dip in profits.
The St. Paul, Minn.-based company listed $162 million in third-quarter net income, compared to $340 million for the period in 2004.
The company suffered catastrophe losses for the period of $1 billion on an after-tax basis, compared to $402 million in the comparable year-ago period.
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