Travelers' Net Income Dips 10% in Q2

The Travelers Cos. Inc. have reported net income of $595 million for the quarter that ended June 30, a 10% decrease from net income of $664 million in the second quarter of 2016. For the first half of the year, net income was $1.21 billion, down 11% from $1.36 billion in the prior-year period. The company said its second quarter results were impacted by relatively high levels of catastrophe and non-catastrophe, weather-related losses. Travelers’ net written premiums for the quarter were $6.64 billion up, a 5% increase from the prior-year quarter, with growth seen in all insurance...