Travelers Stock Climbs on Earnings Beat Despite Massive Losses From California Wildfires - Barron's
1. TRV earnings of $1.91 per share exceeded estimates of 79 cents. 2. Catastrophe losses increased significantly to $2.27 billion this quarter. 3. Net written premiums fell short of expectations at $10.5 billion. 4. Despite losses, shares rose 4.1%, indicating investor confidence. 5. CEO praises substantial profits amid adverse wildfire impacts.