Travelers (TRV) Misses Q1 Earnings Estimates, Raises Dividend

The Travelers Companies (TRV) reported first-quarter 2024 core income of $4.69 per share, which missed the Zacks Consensus Estimate of$4.75 on higher-than-expected catastrophe loss.  Shares lost 2.9% in the pre-market trading session to reflect the underperformance.The bottom line increased 14.1% year over year, driven by higher underlying underwriting gain and higher net investment income, partially offset by higher catastrophe losses.Behind Q1 HeadlinesTravelers’ total revenues increased 15.3% from the y ...