St. Paul, Minn.-based Travelers Companies reported first-quarter net income fell 11 percent to $967 million as investment income dropped 12 percent; however, the firm upped its 2008 operating earnings projections.
The insurer's net income of $967 million, or $1.54 a share, compared with $1.09 billion, or $1.56 a share in the comparable period last year.
Travelers said it now projects 2008 generated operating income of $5.55 to $5.85 per share, up from a previous range of $5.40 to $5.75 a share.
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