The Travelers Companies has today reported its net income of $1.3 billion for the fourth quarter of 2021, which was driven by higher net investment income and a higher underlying underwriting gain.
At $1.333 billion, the insurer’s net income hit a record number in comparison to $1.31 billion which was reported for the same quarter last year.
Travelers made a first recovery from the aggregate reinsurance of $95 million, including hurricane Ida recoveries, which was reported in Q3, but then recovered a further $255m for Q4 loss events, bringing its recovery to $350m for the full-year.
