Travelers doubles profits in Q3 2020 despite elevated cat losses

20-10-2020

Travelers doubles profits in Q3 2020 despite elevated cat losses

Source: Travelers

Profits at US property/casualty insurer Travelers plummeted in the third quarter of 2020 due to net unfavorable prior year reserve development and investment gains. The improvement, however, was partly offset by higher catastrophe losses from wildfires and windstorm.


Travelers Companies, Insurance, Third quarter 2020, Profits, Property, Casualty, Cat losses, North America

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