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July 20, 2023 Newswires
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Travelers: Q2 Earnings Snapshot

Associated Press

NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Thursday reported a loss of $14 million in its second quarter.

On a per-share basis, the New York-based company said it had a loss of 7 cents. Earnings, adjusted for investment costs, came to 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.

The insurer posted revenue of $10.1 billion in the period. Its adjusted revenue was $10.13 billion, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $10.11 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at https://www.zacks.com/ap/TRV

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