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Travelers reports Q3 net income of $404m despite underwriting loss

October 18, 2023

Primary insurance group Travelers has reported a net income of $404m in the third quarter of 2023, driven by investment income growth, despite seeing an underwriting loss of $136m, as a result of higher catastrophes losses of $850m for the period.

The insurer’s net income in Q3, lower due to core income, compares to the $454mn reported in the same period last year, and was partially offset by lower net realised investment losses. Core income in the current quarter was $454mn, down from Q3 2022’s $526mn.

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