Company news: Travelers’ (TRV) quarterly earnings miss analysts’ expectations

Travelers (TRV) reported Q1 FY2024 earnings of $4.69 per share (versus $4.11 per share in Q1 FY2023), analysts’ missing consensus estimate of $4.90 per share.

The company’s quarterly revenues amounted to $11.228 bln (+15.7% y/y), beating analysts’ consensus estimate of $10.617 bln.

The company also declared a 5% increase in regular quarterly cash dividend to $1.05/share.