Travelers reported 2008 fourth-quarter net income dropped 25 percent primarily due to losses in investment income, but solid underwriting produced an improvement in the combined ratio of 2.5 points.

The company reported fourth-quarter net income of $801 million, down $262 million from the same period in 2007 when it reported net income of $1.06 billion. This translated into earnings per share of $1.35 down from $1.64 for the same period in 2007. Revenues in the quarter were down 11 percent, or $686 million, to $5.8 billion.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.