Travelers' Net Income Falls 18.2% in Q2

The Travelers Cos. Inc. on Thursday announced net income of $664 million for the second quarter, a drop of 18.2% from a net income of $812 million in the prior-year quarter. The declines were driven by catastrophe and certain non-catastrophe weather-related losses, the company said. Net income for the first six months of 2016 was $1.355 billion, a 17.6% decrease from the first half of 2015. Travelers’ net written premiums hit a record level of $6.345 billion in the second quarter, up 3% from the second quarter of 2015. For the business and international insurance segment, net written ...