Travelers Q2 core EPS eases past estimates on lower catastrophe losses
TRV•Outlook
Travelers expects its full-year 2026 expense ratio to be approximately 28.5%.
What drove the results
Core income rose mainly due to lower catastrophe losses compared with the prior year. Net investment income increased 14% from the prior year, driven by higher yields and growth in average invested assets.
All segments saw net favorable prior year reserve development, which contributed to improved underwriting results.
Analyst views and valuation
The current average analyst rating on the shares is hold, with the following breakdown:
- 7 strong buy or buy
- 20 hold
- 4 sell or strong sell
The average consensus recommendation for the property & casualty insurance peer group is buy. Wall Street's median 12-month price target for Travelers Companies Inc is $326.50, about its July 16 closing price of .
