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Travelers: 2Q Earnings Snapshot

July 23, 2019

NEW YORK (AP) _ The Travelers Cos. (TRV) on Tuesday reported second-quarter profit of $557 million.

The New York-based company said it had profit of $2.10 per share. Earnings, adjusted for investment gains, were $2.02 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.

The insurer posted revenue of $7.83 billion in the period. Its adjusted revenue was $7.81 billion, which topped Street forecasts. Three analysts surveyed by Zacks expected $7.75 billion.

Travelers shares have climbed 25% since the beginning of the year, while the Standard & Poor’s 500 index has increased 19%. The stock has climbed 20% in the last 12 months.

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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 https://www.zacks.com/ap/TRV

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