Core Insights - The Travelers Companies (TRV) reported a third-quarter 2025 core income of $8.14 per share, exceeding the Zacks Consensus Estimate by 35.4% and reflecting a 55% year-over-year increase [1][8] - Total revenues rose 5% year over year to $12.44 billion, driven by higher premiums and net investment income, surpassing the Zacks Consensus Estimate by 0.7% [2][3] - The underwriting gain doubled year over year to $1.4 billion, with a consolidated underlying combined ratio of 83.9, improving by 170 basis points [4][5] Financial Performance - Pre-tax net investment income increased 14% year over year to $1.03 billion, attributed to growth in average invested assets and higher yields [3][8] - Catastrophe losses were reported at $402 million, significantly lower than the $939 million loss in the same quarter last year [3] - Core return on equity expanded by 600 basis points to 22.6%, with adjusted book value per share rising 15% year over year to $150.55 [5] Segment Analysis - Business Insurance segment saw net written premiums increase by 3% year over year to approximately $5.67 billion, with strong growth in the core Middle Market business [6][10] - Bond & Specialty Insurance net written premiums grew by 1% year over year to $1 billion, supported by strength in Business Insurance [8][9] - Personal Insurance net written premiums remained stable at $4.71 billion, with a significant improvement in the combined ratio to 81.3, driven by lower catastrophe losses [11][12] Shareholder Returns - The company returned $878 million to shareholders in Q3 2025, including $628 million used for share repurchases [13] - A quarterly dividend of $1.10 per share was announced, payable on December 31, 2025, to shareholders of record by December 10, 2025 [13]

Core Insights - CNA Financial Corporation reported second-quarter 2025 core earnings of $1.23 per share, exceeding the Zacks Consensus Estimate by 30.9% and reflecting a year-over-year increase of 3.4% [1][10] - Total operating revenues reached $3.4 billion, marking a 7.7% year-over-year growth, driven by higher premiums, net investment income, and other revenues, surpassing the Zacks Consensus Estimate by 3.5% [2][10] - Underwriting income rose significantly by 20.9% year over year to $150 million, with an improved combined ratio of 94.8, which is better than the Zacks Consensus Estimate of 93.6 [5][10] Revenue and Premiums - Net written premiums for Property & Casualty Operations increased by 6.4% year over year to $2.8 billion, exceeding the estimate of $2.7 billion [2] - Specialty's net written premiums grew by 4.1% year over year to $892 million, surpassing the estimate of $867.7 million [6] - Commercial's net written premiums increased by 7.2% year over year to $1.6 billion, slightly missing the estimate [6] Investment Income - Net investment income rose by 7.1% year over year to $662 million, driven by higher income from fixed income securities and favorable returns from limited partnerships and common stocks [3] - The estimate for net investment income was $686.6 million, indicating a slight miss against expectations [3] Claims and Expenses - Total claims, benefits, and expenses increased by 7.1% year over year to $3.3 billion, primarily due to higher insurance claims and policyholders' benefits [4] - Catastrophe losses were reported at $62 million, which is an improvement from a loss of $82 million in the same quarter last year [4] Financial Metrics - The core return on equity expanded by 40 basis points to 11% [9] - Book value, excluding AOCI, as of June 30 was $45.25 per share, down 2% from the end of 2024 [9] - Statutory capital and surplus for the Combined Continental Casualty Companies increased by 0.3% from the end of 2024 to $11.2 billion [9] Dividend Information - CNA Financial's board approved a quarterly dividend of 46 cents per share, payable on September 4, 2025, to stockholders of record on August 18, 2025 [12]