The Travelers Companies, Inc. reported net income of $395 million, or $1.70 per diluted share, for the first quarter of 2025, a decrease from $1.123 billion in the prior year quarter. Core income was $443 million, or $1.91 per diluted share, down from $1.096 billion.
The decrease in core income was primarily due to significantly higher catastrophe losses, which totaled $2.27 billion, compared to $712 million in the prior year quarter. These losses were largely attributed to the January 2025 California wildfires.
Despite the lower earnings, the company's Board of Directors approved a 5% increase in the quarterly cash dividend to $1.10 per share. This marks the 21st consecutive year of dividend increases, demonstrating a continued commitment to shareholder returns.
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