
- Travelers hits earnings expectation out of the park in Q4.
- Revenue rises 20% above same quarter in 2023.
- Underwriting margins expand, and investment income soars.
- Market surges as Netflix earnings pull NASDAQ higher.
The Travelers Companies (TRV) stock shot up more than 6% in the morning session on Wednesday. The insurer’s share price has been hurt as one of the top three home insurers to bear the brunt of the Los Angeles fires in recent weeks, so the fourth-quarter results released on Wednesday were a welcome respite.
The Dow Jones Industrial Average (DJIA) rose more than 0.3% in the
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