US-based Travelers Cos. one of the country’s largest property and casualty insurance companies, has increased net income by more than 4.3 times in the first quarter of 2026, while adjusted earnings and revenue were better than market forecasts.
The company said in a press release that its net income in the January-March period was $1.71 billion, or $7.78 per share, compared with $395 million, or $1.7 per share, in the same period a year earlier.
The low first-quarter 2025 figure is due to significant insurance payouts to victims of last year’s California wildfires. Natural catastrophe payouts fell to $761 million last quarter from $2.27 billion a year earlier.
The company’s adjusted earnings rose to $7.71 from $1.91 per share.
Revenue rose to $11.92bn from $11.81bn in January-March last year.
Analysts surveyed by FactSet on average expected adjusted earnings of $7.07 per share on revenue of $10.72 billion.
Travelers’ net insurance premiums in the quarter fell to $10.34 billion from $10.52 billion a year earlier. Experts’ forecast called for $10.72bn.
Net investment income rose to $1.01bn from $930m.
The company returned $2.22bn to shareholders last quarter, including $1.99bn through share buybacks, it said.
The board approved a 14 per cent increase in the quarterly dividend to $1.25 per share. The payment is scheduled for 30 June, with the register closing on 10 June. The company has raised its dividend for 22 consecutive years.
Quotes of shares of Travelers decreased by 0.2% at the end of trading on Thursday. Since the beginning of the year, the capitalisation of the company increased by 3% to $64.62 billion.