Travelers (NYSE:TRV): Current Price $79.46
Travelers (NYSE:TRV) reports fourth quarter EPS of $0.78 and revenues of $6.47 billion which beats by $0.6 and $1.13 billion. Net income was $304 million against $618 million in the prior year quarter, the decrease been accounted primarily by the after-tax impact of higher catastrophe losses. These were offset somewhat by a substantial improvement in underlying underwriting margin and higher net favourable prior year reserve development. Strong alternative investment returns boosted net investment income and drove book value per share higher by 8% to $67.31. The company approved a quarterly dividend per share of $0.46.