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

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.