The Travelers Companies, Inc. reported net income of $1.509 billion, or $6.53 per diluted share, for the second quarter ended June 30, 2025. Core income for the quarter was $1.504 billion, or $6.51 per diluted share, representing a 159% increase from the prior year quarter.
The strong performance was primarily due to lower catastrophe losses, a higher underlying underwriting gain, increased net favorable prior year reserve development, and higher net investment income. The consolidated underlying combined ratio improved by 3.0 points to an excellent 84.7%.
Net earned premiums grew by 7% to $10.9 billion, contributing to the underlying underwriting income of $1.6 billion pre-tax, up 35% over the prior year quarter. After-tax net investment income was $774 million, a 6% increase from the prior year, driven by higher average yields and a growing fixed maturity portfolio. The company returned over $800 million to shareholders, including $557 million in share repurchases.
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