Travelers shares down 5% after $459mn Q4 loss disclosure
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Travelers shares down 5% after $459mn Q4 loss disclosure

Abbie Day
January 17, 2023
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Travelers shares traded down 4.6% to $185 per share at market close, after the carrier disclosed Q4 losses which pushed its expected core income to miss analyst consensus.

The firm expects fourth quarter 2022 pre-tax catastrophe losses of $459mn, net of reinsurance, due to the significant winter storm that impacted much of the US and Canada in late December.

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Abbie Day
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