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Travelers Net Income Up 28% in First Quarter

By Jim Sams (Senior Editor)

Friday, April 22, 2011 | 0

Travelers on Thursday reported first-quarter 2011 net income of $839 million, up from $647 million reported during the same period last year.The company reported net written premiums of $5,437 billion in the first quarter, a 4% increase from the prior year quarter due to strong results in Business Insurance and Personal Insurance. Travelers reported total revenues of $6.28 billion, up from $6.12 billion in the first quarter of 2010.“Across our diversified commercial insurance businesses, pricing continued to improve with renewal rate change turning positive early in the quarter and trend...

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