NU Online News Service, April 23, 10:40 a.m. EDT

The Travelers Companies Inc. reported first-quarter profits fell 2.3 percent, pushed down by "unusually significant" catastrophe losses of $471 million pretax.

Net income was $647 million, or $1.25 per diluted share, compared to $662 million, or $1.11 per diluted share, for the period in 2009.

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