Travelers puts up strong commercial results but suffers personal lines drag
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Travelers puts up strong commercial results but suffers personal lines drag

Adam McNestrie
April 19, 2022
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Travelers put up a 91% combined ratio in its business insurance segment as it opened earnings with a positive read-through for commercial lines players, but a seven-point underlying deterioration in its personal lines segment is a fresh warning for the troubled line.

The early results season bellwether suggested that P&C rates continue to drift down only slowly, with just 70 bps of slowing, and pointed to scope for a fresh quarter of double-digit growth.

Consensus:

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