Travelers reports Q3 underwriting loss but tops forecasts

Catastrophe losses pushed Travelers to a third quarter
underwriting loss with a combined ratio of 103.2 percent for the
period.
However, Q3 earnings per share (EPS) of $1.05 on a net basis and
$0.91 on a core-income basis came in more than double consensus
forecasts, based on data from Marketwatch and Yahoo Finance, though
in both cases earnings more than halved from a year earlier.
Travelers today said cat losses in the third quarter, which
predominantly resulted from hurricanes Harvey,...