Travelers Q4: Taking a sip and recorking the champagne for later
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Travelers Q4: Taking a sip and recorking the champagne for later

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Margins are generally calculated by deducting the costs of producing and selling a product from the selling price. In insurance, underwriting margins are calculated by deducting claims and expenses associated with writing the business from earned premiums.

Commercial insurance margins were the most critical topic headed into Travelers' earnings and conference call. In response to a question on the call, CEO Alan Schnitzer remarked that it's hard for the firm to be specific about how long...

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