Travelers profit up 85 pct as disaster losses decline

Tue Jul 23, 2013 7:06am EDT
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July 23 (Reuters) - U.S. insurer Travelers Cos Inc posted an 85 percent rise in quarterly profit, helped by lower disaster losses.

Travelers reported net income of $925 million, or $2.41 per share, for the second quarter, up from $499 million, or $1.26 per share, a year earlier.

The company posted operating earnings of $2.13 per share.

Total revenue was up 5 percent to $6.67 billion.