Travelers Companies continues its trend of reporting better than expected revenues and earnings and improving key financial metrics for first quarter.
Travelers Companies reported total revenues of $6.71 billion for the quarter, a 6% year over year increase that beat analysts’ estimates of $6.60 billion by 1.6%.
Travelers revenue increase was primarily due to the improved performance of the Financial, Professional & International Insurance segment of the business, which saw its revenues increase 46.8% year over year to $950 million
Travelers revenues from the Business Insurance segment increased only 1.34% to $3.30 billion, while the Personal Insurance segment’s revenues declined 4.2% YoY to $1.62 billion.
Travelers recorded net income of $1.05 billion, which translates to adjusted earnings per share of $2.95 for the quarter.
Insurance is always a pretty safe industry regardless of economic situations. I haven't checked University of Phoenix stock in a long time. That would be another industry worth investigating for potential purchases.
That's true, insurance companies are made in such way that they can even profit when there is a crisis because more people need their services. At the same time what really matter for them sometimes is the investments they make with their clients money...
