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Travelers beats Street 4Q forecasts

The Travelers Companies
Source: Travelers | Twitter

The Travelers Cos. on Thursday reported fourth-quarter earnings of $1.04 billion.

The New York-based company said it had profit of $3.10 per share. Earnings, adjusted for investment gains, were $3.07 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.

The insurer posted revenue of $6.65 billion in the period, also surpassing Street forecasts. Analysts expected $6.6 billion, according to Zacks.

For the year, the company reported profit of $3.69 billion, or $10.70 per share. Revenue was reported as $26.65 billion.

Travelers shares have declined almost 1 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen slightly more than 1 percent. The stock has risen 24 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at http://www.zacks.com/ap/TRV.