With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net income for the first quarter.
Still, it was a blank line on the financial report for the quarter that captured the attention of some investment analysts during an earnings conference call—indicating neither an overall boost or takedown to loss reserves for prior years in Travelers largest business segment, Business Insurance.
While earned pricing in the second largest segment—Personal Lines—and higher investment income overall were key drivers of jumps in income and return on equity, analysts focused more questions on possible obstacles to continued success in Business Insurance. They worried not just abou