weather disaster(Bloomberg) -- mudslides

'Exceeded our historical experience and our expectations'

series of tragic weather eventsthree major hail storms in Texas and Colorado inJuneTravelers' catastrophe losses

Travelers' losses jumped 21%

winter storms in the eastern U.S.

More Travelers results:

  • Net written premiums for the quarter climbed 7% to $7.13billion from a year earlier.
  • Book value, a measure of assets to liabilities, was $84.51,down 3% from the end of 2017.
  • The company's combined ratio was 98.1% compared with 96.7% ayear earlier, meaning it keeps 1.9 cents for every premium dollarafter claims and expenses.

Related: How could the 2018 hurricane season impact P&Cinsurers?

Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Catastrophe & Restoration
Commercial Lines
Personal Lines
Weather Risk