Travelers Reports Q2 EPS of $2.51, $0.04 Earnings Beat, Revenue Misses Estimates at $11.28B, Stock Gains 1.54%

Travelers Companies reported a strong performance for the second quarter of 2024, with earnings per share (EPS) of $2.51, surpassing estimates of $1.98. However, the company’s revenue fell short of expectations, recording $11.28 billion against an anticipated $11.34 billion. The insurer attributed its quarterly profit increase to investment gains and strong underwriting performance. Following the earnings report, Travelers' stock rose by 1.54% in after-hours trading, reflecting investor confidence despite the revenue miss.