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Jay Fishman, Travelers Chairman & CEO

The Travelers Co.’s record third-quarter net-income result was as much a product of a disciplined underwriting strategy as the benign catastrophe season, company executives say.

Discussing Travelers’ third-quarter net income of $864 million, an increase of $531 million from the same period last year, Jay Fishman, Travelers’ chairman and chief executive officer, says earnings were driven by “superior underwriting results as well as solid investment income.”

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