Travelers expects net income down 38% in Q4 after $459m cat loss

Gavin SouterJanuary 18, 2023
Businessman investment consultant analyzing company financial report balance statement working with digital augmented reality graphics. Concept for business, economy and marketing. 3D illustration.
Credit: Shutterstock/Natee K Jindakum

Travelers expects to report net income of $819m for the fourth quarter of 2022, down about 38% from the same period in 2021, largely due to losses from the winter storm that hit much of the US and Canada in December.

The results forecast includes $459m of catastrophe losses pre-tax and net of rei...

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Gavin SouterJanuary 18, 2023
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