What's In Store For Travelers (TRV) This Earnings Season?
Zacks Investment Research | Apr 17, 2017 10:13PM ET
The Travelers Companies, Inc. (NYSE:TRV) is slated to report first-quarter 2017 results on Apr 20, before the market opens. Last quarter, the company had a positive earnings surprise of 21.67%. Let’s see how things are shaping up for this announcement.
Factors to be Considered this Quarter
Travelers is likely to have witnessed net premium growth in its Business and International Insurance, Bond & Specialty Insurance and Personal Insurance businesses in the to-be-reported quarter. This in turn is likely to have added to the top line.
Policies in force and retention rate are likely to have remained healthy. Continued buybacks should have boosted the bottom line.
Underwriting results are expected to have benefited from a benign catastrophic environment.
However, net investment income is likely to have deteriorated owing to the still low interest rate environment. The company projects about $15–$20 million decrease in after tax net investment income on a quarterly basis in 2017, compared with the corresponding period in 2016.
With respect to the surprise trend, the company delivered positive surprises in three of the last four quarters with an average beat of 4.34%.
The Travelers Companies, Inc. Price and EPS Surprise
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