(Boursier.com) — The Travelers Companies, the American group active in insurance, climbed 6% before market on Wall Street, while it has just published a fourth quarter which it describes as excellent. Quarterly net profit was indeed a record $6.99 per share on a diluted basis, while adjusted earnings per share also reached a record at $7.01. Annual net income was $2.99 billion, or $3.07 billion on an adjusted basis. For the closed quarter, this net profit stood at $1.63 billion in consolidated data and on an adjusted basis. The group also mentions an “exceptional” consolidated combined ratio, up 8.7 percentage points to 85.8%, as well as an underlying combined ratio of 85.9%, an improvement of 5.5 points. Net premiums increased by 13% over the quarter to nearly $10 billion, for an annual total of $40.2 billion, up 14%.
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