Travelers (TRV - Free Report) reported $11.19 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 15.4%. EPS of $4.69 for the same period compares to $4.11 a year ago.
The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $11.19 billion. With the consensus EPS estimate being $4.75, the EPS surprise was -1.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Consolidated: 93.9% versus the nine-analyst average estimate of 93.9%.
- Loss and loss adjustment expense ratio - Consolidated: 65.2% versus the nine-analyst average estimate of 65.3%.
- Underwriting Expense Ratio - Consolidated: 28.7% versus 28.6% estimated by nine analysts on average.
- Combined Ratio - Bond & Specialty Insurance: 84.5% compared to the 81.3% average estimate based on eight analysts.
- Total Revenues- Other Revenues: $112 million versus $84.87 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +49.3% change.
- Total Revenues- Net investment income: $846 million versus the 10-analyst average estimate of $807.55 million. The reported number represents a year-over-year change of +27.6%.
- Total Revenues- Premiums: $10.13 billion versus the 10-analyst average estimate of $10.18 billion. The reported number represents a year-over-year change of +14.4%.
- Total Revenues- Fee income: $109 million versus the nine-analyst average estimate of $110.87 million. The reported number represents a year-over-year change of +2.8%.
- Revenues- Premiums- Bond & Specialty Insurance: $956 million compared to the $966.97 million average estimate based on seven analysts. The reported number represents a change of +9.3% year over year.
- Revenues- Premiums- Personal Insurance: $4.01 billion versus the seven-analyst average estimate of $4.02 billion. The reported number represents a year-over-year change of +14.5%.
- Revenues- Premiums- Business Insurance: $5.16 billion versus $5.16 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15.3% change.
- Revenues- Fee income- Business Insurance: $101 million versus $103.80 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
View all Key Company Metrics for Travelers here>>>Shares of Travelers have returned -0.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Travelers (TRV - Free Report) reported $11.19 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 15.4%. EPS of $4.69 for the same period compares to $4.11 a year ago.
The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $11.19 billion. With the consensus EPS estimate being $4.75, the EPS surprise was -1.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Consolidated: 93.9% versus the nine-analyst average estimate of 93.9%.
- Loss and loss adjustment expense ratio - Consolidated: 65.2% versus the nine-analyst average estimate of 65.3%.
- Underwriting Expense Ratio - Consolidated: 28.7% versus 28.6% estimated by nine analysts on average.
- Combined Ratio - Bond & Specialty Insurance: 84.5% compared to the 81.3% average estimate based on eight analysts.
- Total Revenues- Other Revenues: $112 million versus $84.87 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +49.3% change.
- Total Revenues- Net investment income: $846 million versus the 10-analyst average estimate of $807.55 million. The reported number represents a year-over-year change of +27.6%.
- Total Revenues- Premiums: $10.13 billion versus the 10-analyst average estimate of $10.18 billion. The reported number represents a year-over-year change of +14.4%.
- Total Revenues- Fee income: $109 million versus the nine-analyst average estimate of $110.87 million. The reported number represents a year-over-year change of +2.8%.
- Revenues- Premiums- Bond & Specialty Insurance: $956 million compared to the $966.97 million average estimate based on seven analysts. The reported number represents a change of +9.3% year over year.
- Revenues- Premiums- Personal Insurance: $4.01 billion versus the seven-analyst average estimate of $4.02 billion. The reported number represents a year-over-year change of +14.5%.
- Revenues- Premiums- Business Insurance: $5.16 billion versus $5.16 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15.3% change.
- Revenues- Fee income- Business Insurance: $101 million versus $103.80 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
View all Key Company Metrics for Travelers here>>>Shares of Travelers have returned -0.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
Get the latest research report on TRV - FREE