The Travelers Companies, Inc. reported record core income of $2.1 billion for the fourth quarter of 2024, resulting in $9.15 per diluted share. Net earned premiums increased by 9% to $10.9 billion, and the combined ratio improved by 2.6 points to 83.2%.
For the full year 2024, core income was up 64% to over $5 billion, or $21.58 per diluted share, generating a core return on equity of 17.2%. These results were driven by strong fundamentals, growth in earned premiums, excellent underwriting profitability, and a higher level of net investment income.
Net written premiums for the full year grew by 8% to more than $43 billion, with all three segments contributing to this top-line success. Catastrophe losses in the fourth quarter were a modest $175 million pre-tax, including a net increase of over $100 million related to re-estimation of prior quarter events.
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