The Travelers Companies reported third-quarter net income of $1.917 billion, or $9.04 per diluted share, compared to $8.24 in the prior year period. Core income reached $1.947 billion, or $9.18 per diluted share, driven by higher net favorable prior-year reserve development and record net investment income of $1.098 billion pre-tax. The consolidated combined ratio improved 0.5 points to 86.8%, while underlying underwriting income was $1.432 billion pre-tax. Net written premiums totaled $11.480 billion, with growth in Business Insurance and Bond & Specialty segments offsetting a decline in Personal Insurance. The company returned $1.769 billion to shareholders through $1.508 billion in share repurchases and declared a quarterly dividend of $1.25 per share. The Travelers Companies operates as a property and casualty insurance provider offering commercial and personal lines coverage.
