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Travelers Reports Surprise Second-Quarter Earnings Growth; Premiums Beat Estimates

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Travelers Reports Surprise Second-Quarter Earnings Growth; Premiums Beat Estimates

Travelers' (TRV) second-quarter earnings unexpectedly increased year over year, while the property and casualty insurer's written premiums came in ahead of market estimates.

The company on Friday reported adjusted earnings of $10.04 a share for the quarter ended June, up from $6.51 the year before, defying the consensus on FactSet for a decrease to $5.41. Core income benefited from lower catastrophe losses and a higher underlying underwriting gain, among other factors.

Net written premiums edged down to $11.53 billion from $11.54 billion, but topped the Street's view for $11.26 billion. Overall revenue ticked up to $12.15 billion from $12.12 billion in the prior-year quarter.

Shares of the insurer gained 7.8% in Friday trade. The stock is up 24% year to date.

"We are pleased to report excellent second quarter results with very strong underwriting performance across all three segments and a terrific result from our investment portfolio," Chief Executive Alan Schnitzer said in a statement.

In business insurance, net written premiums increased 3% to $5.98 billion, led by a 7% rise in the company's core middle market segment. Personal insurance premiums fell to $4.31 billion from $4.67 billion, while bond and specialty climbed 14% to $1.24 billion.

Catastrophe losses, net of reinsurance, retreated to $518 million from $927 million in the 2025 quarter, the company said. "Our share of the industry's property catastrophe losses over the past decade has been meaningfully lower than our corresponding market share, a direct result of our disciplined risk selection, pricing and exposure management," Schnitzer said during a conference call, according to a FactSet transcript.

Price: $365.55, Change: $+27.73, Percent Change: +8.21%

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