We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Travelers (TRV) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended June 2024, Travelers (TRV - Free Report) reported revenue of $11.35 billion, up 12% over the same period last year. EPS came in at $2.51, compared to $0.06 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $11.47 billion, representing a surprise of -1.04%. The company delivered an EPS surprise of +25.50%, with the consensus EPS estimate being $2.00.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Combined Ratio - Consolidated: 100.2% versus the 10-analyst average estimate of 101%.
Loss and loss adjustment expense ratio - Consolidated: 71.4% compared to the 72.2% average estimate based on 10 analysts.
Underwriting Expense Ratio - Consolidated: 28.8% versus the 10-analyst average estimate of 28.8%.
Loss and loss adjustment expense ratio - Business Insurance: 66.2% versus the seven-analyst average estimate of 66.8%.
Total Revenues- Net investment income: $885 million versus $841.71 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +24.3% change.
Total Revenues- Fee income: $115 million compared to the $109.80 million average estimate based on 10 analysts. The reported number represents a change of +8.5% year over year.
Total Revenues- Premiums: $10.24 billion compared to the $10.42 billion average estimate based on 10 analysts. The reported number represents a change of +11.1% year over year.
Total Revenues- Other Revenues: $105 million compared to the $97.54 million average estimate based on 10 analysts. The reported number represents a change of +6.1% year over year.
Revenues- Premiums- Business Insurance: $5.17 billion versus the seven-analyst average estimate of $5.30 billion. The reported number represents a year-over-year change of +11.3%.
Revenues- Premiums- Personal Insurance: $4.10 billion versus $4.13 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.
Revenues- Premiums- Bond & Specialty Insurance: $977 million compared to the $981.45 million average estimate based on seven analysts. The reported number represents a change of +7.2% year over year.
Revenues- Other revenues- Personal Insurance: $22 million versus $25.89 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
Shares of Travelers have returned +4.1% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Travelers (TRV) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Travelers (TRV - Free Report) reported revenue of $11.35 billion, up 12% over the same period last year. EPS came in at $2.51, compared to $0.06 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $11.47 billion, representing a surprise of -1.04%. The company delivered an EPS surprise of +25.50%, with the consensus EPS estimate being $2.00.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Consolidated: 100.2% versus the 10-analyst average estimate of 101%.
- Loss and loss adjustment expense ratio - Consolidated: 71.4% compared to the 72.2% average estimate based on 10 analysts.
- Underwriting Expense Ratio - Consolidated: 28.8% versus the 10-analyst average estimate of 28.8%.
- Loss and loss adjustment expense ratio - Business Insurance: 66.2% versus the seven-analyst average estimate of 66.8%.
- Total Revenues- Net investment income: $885 million versus $841.71 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +24.3% change.
- Total Revenues- Fee income: $115 million compared to the $109.80 million average estimate based on 10 analysts. The reported number represents a change of +8.5% year over year.
- Total Revenues- Premiums: $10.24 billion compared to the $10.42 billion average estimate based on 10 analysts. The reported number represents a change of +11.1% year over year.
- Total Revenues- Other Revenues: $105 million compared to the $97.54 million average estimate based on 10 analysts. The reported number represents a change of +6.1% year over year.
- Revenues- Premiums- Business Insurance: $5.17 billion versus the seven-analyst average estimate of $5.30 billion. The reported number represents a year-over-year change of +11.3%.
- Revenues- Premiums- Personal Insurance: $4.10 billion versus $4.13 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.
- Revenues- Premiums- Bond & Specialty Insurance: $977 million compared to the $981.45 million average estimate based on seven analysts. The reported number represents a change of +7.2% year over year.
- Revenues- Other revenues- Personal Insurance: $22 million versus $25.89 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
View all Key Company Metrics for Travelers here>>>Shares of Travelers have returned +4.1% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.