BUZZ - Property insurance company Travelers' stock price drops due to increased catastrophe losses caused by severe storms.
路透社2026/10/16 13:01October 16 - ** Property and casualty insurer Travelers (TRV.N) shares fell 2.6% in pre-market trading to $374
** The company (link) reported third-quarter catastrophe losses of $538 million, higher than $402 million in the same period last year
** Multiple U.S. states were hit by strong winds and hailstorms, leading to increased catastrophe losses
** The company reported net investment income of $908 million for the third quarter, up 7% from the same period last year
** As of the previous trading session close, the stock was up 32.4% year-to-date
(To facilitate non-native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or lack the desired context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters assumes no responsibility for any harm or loss arising from the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network News: PI Price Jumps 4% as Team Announces Three-Day Developer Summit
These Alts Bleed the Most as Bitcoin (BTC) Settles Below $82K: Weekend Watch
New York Fed warns: Service sector input and sales prices surge, significant price pressure
A survey by the New York Federal Reserve shows that service sector input costs and prices in October rose sharply, while the business activity index fell to its lowest level since March. Businesses have turned pessimistic about the outlook, with increasing inflation and interest rate pressures.
