Travelers Falls Most Since 2011 as Hail, Hedge Funds Hurt Profit

  • Shares erase gain for year as profit misses analyst estimates
  • Dividend raised almost 10 percent to 67 cents per share

Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average,
fell the most since 2011 after first-quarter profit slipped 17 percent as catastrophe costs climbed and investment income dropped on lower hedge fund returns.

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