Travelers Reports Q1 Profit of $839 million, Increases Dividend

Travelers Companies Inc TRV reported its Q1 profit at $839 million, or $1.92 per share, up from $647 million, or $1.25 per share, in the year-ago period. However, analysts were expecting earnings of $1.49 per share. TRV's total revenue increased 3% to $6.3 billion. The company's catastrophe losses came in at $112 million, down from $135 million, in the year-ago period. Travelers' board of directors also approved a 14% rise in its regular quarterly dividend to $0.41 per share. TRV shares gained 1.63% to close at $59.13 yesterday. Read more from Benzinga's Company news.