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Travelers Beats Earnings Estimates Amid Losses | Markets & Money News
Travelers Companies reported strong third-quarter earnings, exceeding expectations with adjusted earnings per share of $9.18 and revenue of $12.41 billion. However, shares fell by 4.4% in premarket trading due to significant catastrophe losses totaling $538 million, up from $402 million last year. Despite this setback, the company saw an improvement in its combined ratio to 86.8% and achieved record net investment income of $1.098 billion. Travelers faces challenges ahead as it balances these
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