The Travelers Companies in Saint Paul, Minn., reported a 15 percent jump in third-quarter net income today, with underwriting profits, investment income and favorable prior-year reserve development contributing to the result.

Net income for the quarter was $1.2 billion, or $1.81 per share, compared with $1 billion, or $1.47 per share, for the quarter ended Sept. 30, 2006.

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