Travelers Tops 4Q Revenue Forecasts

NEW YORK (AP) _ The Travelers Cos. (TRV) on Tuesday reported fourth-quarter profit of $943 million.

The New York-based company said it had profit of $3.28 per share. Earnings, adjusted for investment gains, came to $3.20 per share.

The insurer posted revenue of $7.19 billion in the period. Its adjusted revenue was $7.16 billion, topping Street forecasts. Three analysts surveyed by Zacks expected $6.84 billion.

For the year, the company reported profit of $3.01 billion, or $10.28 per share. Revenue was reported as $27.56 billion.

Travelers shares have dropped roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1 percent. The stock has climbed 15 percent in the last 12 months.

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

Keywords: Travelers, Earnings Report