By Nate Wolf
Shares of Travelers rose Wednesday after the property and casualty insurer reported solid quarterly earnings and authorized a new round of stock buybacks.
The company posted adjusted earnings of $11.13 a share for the fourth quarter, surpassing analysts' consensus estimates of $8.80, according to FactSet. Net premiums written totaled $10.85 billion, up 1% from last year but below Wall Street's call for $11.01 billion. It was the second consecutive quarter that Travelers beat earnings expectations but missed on premiums.
Travelers stock rose 1.6% on thin trading volume in the premarket session. Shares had dropped 7.1% in 2026 through Tuesday's close of trading.
The insurer benefited in part from a lack of major winter weather events. Catastrophe losses, net of reinsurance, dropped to $95 million from $175 million the year prior.
Travelers' board also authorized an additional $5 billion in share repurchases with no expiration date. The amount adds to the $2.015 billion remaining from previous authorizations as of Dec. 31.
Write to Nate Wolf at nate.wolf@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 21, 2026 07:27 ET (12:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments