Travelers(US:TRV)2025-04-16 12:46Financial Performance - The company reported first quarter net income of $395 million and core income of $443 million[6] - First quarter 2025 net income per diluted share was $1.70, and core income per diluted share was $1.91[6] - The Board of Directors declared a 5% increase in the regular quarterly cash dividend to $1.10 per share[6] - Core income decreased by 60% from $1.096 billion in Q1 2024 to $443 million in Q1 2025[7] - Net written premiums increased by 3%, from $10.182 billion in Q1 2024 to $10.515 billion in Q1 2025[7] Underwriting Performance - Exceptional underlying underwriting income reached $1.583 billion pre-tax, a 32% increase[6] - The consolidated combined ratio was 102.5%, while the underlying combined ratio improved by 2.9 points to 84.8%[6] - Catastrophe losses totaled $2.266 billion pre-tax, primarily due to the January 2025 California wildfires[6] Investment & Capital - Net investment income increased by 10% pre-tax compared to the prior year quarter[6] - Operating cash flows amounted to $1.360 billion[6] - The company repurchased 1.4 million shares in Q1 2025 at a total cost of $358 million[13] - The debt-to-capital ratio was 20.3%, within the target range of 15%-25%[13] - Total investments reached $95.7 billion, with 94% in fixed income and 6% in non-fixed income[51]