Travelers Expected to Fall Sharply After Mixed Third-Quarter Results

Travelers reported third-quarter 2026 results, with adjusted net income up 4% from a year earlier to $1.95bn. Earnings per share rose 13% to $9.18. The insurer's combined ratio improved 0.5 percentage points to 86.8%, while its underlying combined ratio, which strips out catastrophe losses, worsened 0.2 percentage points to 84.1%. Net investment income climbed 7% to $908m, and the company returned $1.8bn of capital to shareholders through share repurchases.