Travelers Companies reported strong financial results for the second quarter of 2025, with revenue reaching $12.12 billion, a 7.4% increase year-over-year. Net income surged to $1.51 billion, driven by improved underwriting performance and higher investment returns. Earnings per share (EPS) were $6.53, with core EPS at $6.51, significantly surpassing analyst estimates of $3.60. The company posted a combined ratio of 90.3%, with an underlying combined ratio of 84.7%, reflecting lower catastrophe losses and stronger underwriting gains. Net investment income rose to $942 million, up 6% after tax. Travelers declared a dividend of $1.10 per share. Meanwhile, Chubb Limited also reported robust second-quarter earnings, with net premiums written of $14.20 billion, slightly below estimates, and net income of $2.97 billion, or $7.35 per share, marking a 34.6% increase. Core operating income stood at $2.48 billion, or $6.14 per share. Chubb's property and casualty combined ratio improved to 85.6%, aided by record underwriting and investment income. Total investments increased 3.9% quarter-over-quarter to $158.31 billion, and book value per share rose to $174.07. Both companies benefited from improved underwriting results and higher investment returns in the quarter.