Travelers Profit Climbs 5.1%, Beats Estimates as Sales Rise
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Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit advanced 5.1 percent as policy sales increased and margins improved.
Net income climbed to $1.04 billion, or $3.11 a share, from $988 million, or $2.70, a year earlier, the New York-based company said today in a statement. Operating profit, which excludes some investment results, was $3.07 a share, beating the $2.54 average estimate of 25 analysts surveyed by Bloomberg.