The Travelers Companies, Inc. has reported a significantly improved net income of $934 million for the second-quarter of 2021 on the back of lower catastrophe losses, favourable reserve development, and a vastly improved investment result.
Net income of $934 million compares with a net loss of $40 million for the second-quarter of 2020, a period which saw Travelers book catastrophe losses, net of reinsurance, of a huge $854 million.
